Date | Analyst | Company | Last | Target | Call | Valuation |
07/04/19 | DMG & Partners | Manulife US Reit | 0.88 | 0.96 | Buy | |
07/12/19 | DMG & Partners | Manulife US Reit | 0.875 | 0.98 | Buy | DDM |
08/15/19 | Amfrasers | Manulife US Reit | 0.89 | 0.98 | outperform | |
08/15/19 | DMG & Partners | Manulife US Reit | 0.89 | 0.98 | Buy | DDM |
08/19/19 | Kim Eng | Manulife US Reit | 0.89 | 1 | Buy | DDM |
08/23/19 | DBS Vickers | Manulife US Reit | 0.895 | 1.1 | Buy | DCF |
09/11/19 | DMG & Partners | Manulife US Reit | 0.915 | 0.98 | Buy | |
09/20/19 | Kim Eng | Manulife US Reit | 0.91 | 1.05 | Buy | DDM |
09/20/19 | DMG & Partners | Manulife US Reit | 0.91 | 1 | Buy | DDM |
09/20/19 | Amfrasers | Manulife US Reit | 0.91 | 1.01 | outperform | |
10/02/19 | DMG & Partners | Manulife US Reit | 0.895 | 1 | Buy | |
10/11/19 | DBS Vickers | Manulife US Reit | 0.905 | 1.1 | Buy | DCF |
11/01/19 | CIMB | Manulife US Reit | 0.915 | 1.12 | Add | DDM |
11/05/19 | DMG & Partners | Manulife US Reit | 0.92 | 1 | Buy | DDM |
11/05/19 | DBS Vickers | Manulife US Reit | 0.92 | 1.1 | Buy | |
11/05/19 | Kim Eng | Manulife US Reit | 0.92 | 1.05 | Buy | |
12/02/19 | Amfrasers | Manulife US Reit | 0.965 | 1.03 | outperform | |
12/10/19 | DMG & Partners | Manulife US Reit | 1.02 | 1 | Buy | |
12/13/19 | DMG & Partners | Manulife US Reit | 1 | 1.1 | Buy | DDM |
01/08/20 | DMG & Partners | Manulife US Reit | 0.99 | 1.1 | Buy | |
02/06/20 | DMG & Partners | Manulife US Reit | 1.04 | 1.12 | Buy | DDM |
02/06/20 | DBS Vickers | Manulife US Reit | 1.04 | 1.15 | Buy | DCF |
02/06/20 | Lim & Tan | Manulife US Reit | 1.04 | 0 | Hold | |
02/07/20 | CIMB | Manulife US Reit | 1.07 | 1.13 | Add | DDM |
02/07/20 | Kim Eng | Manulife US Reit | 1.07 | 1.15 | Buy | DDM |
02/11/20 | Amfrasers | Manulife US Reit | 1.05 | 1.11 | Neutral | |
03/10/20 | Amfrasers | Manulife US Reit | 0.98 | 1.11 | Neutral | |
03/20/20 | DBS Vickers | Manulife US Reit | 0.565 | 1.15 | Buy | |
03/20/20 | CIMB | Manulife US Reit | 0.565 | 1.15 | Add | |
03/25/20 | DMG & Partners | Manulife US Reit | 0.7 | 0.88 | Buy | DDM |
04/07/20 | DMG & Partners | Manulife US Reit | 0.665 | 0.88 | Buy | |
05/11/20 | DMG & Partners | Manulife US Reit | 0.705 | 0.9 | Buy | DDM |
05/11/20 | CIMB | Manulife US Reit | 0.705 | 1.05 | Add | |
06/23/20 | DMG & Partners | Manulife US Reit | 0.76 | 0.9 | Buy | |
07/20/20 | Phillip | Manulife US Reit | 0.705 | 0.8 | Buy | DDM |
07/21/20 | UOB Kay Hian | Manulife US Reit | 0.7 | 0.85 | Buy | DDM |
08/04/20 | Kim Eng | Manulife US Reit | 0.775 | 1.15 | Buy | DDM |
08/04/20 | DMG & Partners | Manulife US Reit | 0.775 | 0.9 | Buy | DDM |
08/04/20 | UOB Kay Hian | Manulife US Reit | 0.775 | 0.85 | Buy | |
08/04/20 | Lim & Tan | Manulife US Reit | 0.775 | 0 | Buy at weakness | |
08/04/20 | CIMB | Manulife US Reit | 0.775 | 1.05 | Add | DDM |
08/06/20 | Phillip | Manulife US Reit | 0.795 | 0.9 | Buy | DDM |
Tuesday, August 18, 2020
Manulife US Reit - Stock calls
Lippo Malls - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/21/20 | CIMB | Lippo Malls | 0.235 | 0.24 | Hold | DDM |
Lian Beng - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/14/20 | Lim & Tan | Lian Beng | 0.525 | 0 | Buy |
Stock calls for 18 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/18/20 | CIMB | APAC Realty | 0.375 | 0.538 | Add | |
08/18/20 | DBS Vickers | Bumitama | 0.515 | 0.66 | Buy | DCF |
08/18/20 | UOB Kay Hian | Fu Yu | 0.245 | 0.29 | Buy | |
08/18/20 | CIMB | Innotek | 0.39 | 0.478 | Add | |
08/18/20 | DBS Vickers | Mapletree Industrial | 3.14 | 3.25 | Buy | |
08/18/20 | CIMB | Sasseur | 0.78 | 0.84 | Add | |
08/18/20 | DBS Vickers | SIA Engineering | 1.86 | 2.4 | Buy | |
08/18/20 | DMG & Partners | Singtel | 2.4 | 3.2 | Buy | Sum of parts |
08/18/20 | DBS Vickers | Singtel | 2.4 | 2.85 | Buy | Sum of parts |
08/18/20 | DBS Vickers | ST Engineering | 3.39 | 3.8 | Buy | |
08/18/20 | DMG & Partners | ST Engineering | 3.39 | 3.9 | Buy | Sum of parts |
08/18/20 | Phillip | Thai Beverage | 0.635 | 0.82 | Buy | PER18x FY21 |
08/18/20 | UOB Kay Hian | Thai Beverage | 0.635 | 0.78 | Buy | Sum of parts |
08/18/20 | CIMB | UMS | 1.06 | 1.1 | Hold | |
08/18/20 | Kim Eng | UMS | 1.06 | 1.36 | Buy | |
08/18/20 | OCBC | Yanlord | 1.3 | 1.41 | Buy |
Monday, August 17, 2020
Another constellation is aligning and a big financial crisis is brewing this time. - Part 7
Is Warren Buffett preparing for a financial crisis?
https://www.investopedia.com/berkshire-cuts-bank-holdings-takes-position-in-gold-5074946
Warren Buffett (WB) has been cutting back on financial shares and increasing the gold position. Why?
It is a well-known fact that WB doesn't like gold because it doesn't pay any dividends at all. Why is he buying gold now when its price is at an all-time high?
I think he is projecting the exact same outcome that I've been anticipating below.
http://sg-stock.blogspot.com/2020/07/another-constellation-is-aligning-and_75.html
The financial tsunami that I'm projecting is based on the following highlights.
Lendlease Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
10/15/19 | DIR | Lendlease Reit | 0.94 | 1.01 | outperform | |
12/06/19 | DBS Vickers | Lendlease Reit | 0.92 | 1.05 | Buy | DCF |
02/12/20 | DBS Vickers | Lendlease Reit | 0.91 | 1.05 | Buy | |
03/18/20 | DBS Vickers | Lendlease Reit | 0.48 | 0.94 | Buy | |
04/02/20 | DBS Vickers | Lendlease Reit | 0.52 | 0.94 | Buy | |
05/08/20 | DBS Vickers | Lendlease Reit | 0.575 | 0.85 | Buy | |
06/01/20 | DBS Vickers | Lendlease Reit | 0.67 | 0.85 | Buy | |
07/03/20 | DBS Vickers | Lendlease Reit | 0.68 | 0.85 | Buy |
KSH - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
11/12/19 | Lim & Tan | KSH | 0.465 | 0 | Buy | |
01/28/20 | Lim & Tan | KSH | 0.415 | 0 | Buy on weakness | |
04/06/20 | Lim & Tan | KSH | 0.29 | 0 | Hold | |
08/03/20 | Lim & Tan | KSH | 0.345 | 0 | Neutral |
Koufu - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/03/19 | UOB Kay Hian | Koufu | 0.72 | 0.95 | Buy | |
08/08/19 | UOB Kay Hian | Koufu | 0.71 | 0.95 | Buy | |
08/08/19 | DBS Vickers | Koufu | 0.71 | 0.88 | Buy | PER17x FY20 |
10/01/19 | UOB Kay Hian | Koufu | 0.72 | 0.95 | Buy | |
10/01/19 | DBS Vickers | Koufu | 0.72 | 0.88 | Buy | |
11/05/19 | DBS Vickers | Koufu | 0.755 | 0.88 | Buy | PER17x FY20 |
11/06/19 | UOB Kay Hian | Koufu | 0.77 | 0.95 | Buy | |
12/11/19 | SAC Capital | Koufu | 0.765 | 0.87 | Buy | |
01/06/20 | DBS Vickers | Koufu | 0.775 | 0.88 | Buy | |
02/12/20 | UOB Kay Hian | Koufu | 0.725 | 0.83 | Buy | |
02/13/20 | DBS Vickers | Koufu | 0.735 | 0.84 | Buy | PER17x FY20 |
03/02/20 | DBS Vickers | Koufu | 0.705 | 0.84 | Buy | PER17x FY20 |
03/03/20 | UOB Kay Hian | Koufu | 0.71 | 0.81 | Buy | |
03/03/20 | Lim & Tan | Koufu | 0.71 | 0 | Hold | |
04/22/20 | DBS Vickers | Koufu | 0.615 | 0.68 | Hold | |
04/24/20 | UOB Kay Hian | Koufu | 0.6 | 0.69 | Buy | |
06/01/20 | DBS Vickers | Koufu | 0.65 | 0.68 | Hold | |
06/15/20 | DBS Vickers | Koufu | 0.655 | 0.75 | Buy | PER17x FY20/21 |
06/15/20 | CIMB | Koufu | 0.655 | 0.86 | Add | PER19x FY21 |
07/02/20 | CIMB | Koufu | 0.695 | 0.86 | Add | PER19x FY21 |
07/03/20 | DBS Vickers | Koufu | 0.715 | 0.75 | Buy | |
07/03/20 | UOB Kay Hian | Koufu | 0.715 | 0.78 | Buy | |
07/03/20 | Lim & Tan | Koufu | 0.715 | 0 | Hold | |
08/05/20 | Phillip | Koufu | 0.67 | 0.8 | Buy | PER18.5x FY21 |
08/12/20 | DBS Vickers | Koufu | 0.68 | 0.77 | Buy | PER17x FY21 |
08/13/20 | UOB Kay Hian | Koufu | 0.675 | 0.78 | Buy | |
08/13/20 | Lim & Tan | Koufu | 0.675 | 0 | Buy on weakness | |
08/17/20 | CIMB | Koufu | 0.685 | 0.86 | Add |
Stock calls for 17 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/17/20 | Phillip | APAC Realty | 0.375 | 0.365 | Neutral | DCF |
08/17/20 | DMG & Partners | Bumitama | 0.51 | 0.65 | Buy | PER11x FY21 |
08/17/20 | Kim Eng | Bumitama | 0.51 | 0.74 | Buy | |
08/17/20 | phillip | Comfortdelgro | 1.39 | 1.65 | Accumulate | DCF |
08/17/20 | UOB Kay Hian | Comfortdelgro | 1.39 | 1.78 | Buy | |
08/17/20 | DBS Vickers | Comfortdelgro | 1.39 | 1.63 | Buy | PER15x FY21 |
08/17/20 | DMG & Partners | Comfortdelgro | 1.39 | 1.55 | Buy | DCF, PER17.6x FY21 |
08/17/20 | CIMB | Comfortdelgro | 1.39 | 1.4 | Hold | |
08/17/20 | Kim Eng | Comfortdelgro | 1.39 | 1.76 | Buy | DCF |
08/17/20 | CIMB | First Resources | 1.38 | 1.8 | Add | |
08/17/20 | DBS Vickers | First Resources | 1.38 | 1.7 | Buy | DCF |
08/17/20 | DMG & Partners | First Resources | 1.38 | 1.45 | Neutral | PER14x FY21 |
08/17/20 | UOB Kay Hian | First Resources | 1.38 | 1.65 | Buy | |
08/17/20 | Kim Eng | First Resources | 1.38 | 1.79 | Buy | PER18x FY20 |
08/17/20 | Amfrasers | Frencken | 1.04 | 1.21 | outperform | PER12x FY21 |
08/17/20 | DMG & Partners | Fu Yu | 0.24 | 0.3 | Buy | DCF |
08/17/20 | DBS Vickers | Fu Yu | 0.24 | 0.27 | Hold | PER12.6x FY21 |
08/17/20 | Lim & Tan | Fu Yu | 0.24 | 0 | Buy | |
08/17/20 | DMG & Partners | Golden Agri | 0.154 | 0.13 | Sell | Sum of parts |
08/17/20 | CIMB | Golden Agri | 0.154 | 0.12 | Reduce | |
08/17/20 | CIMB | Koufu | 0.685 | 0.86 | Add | |
08/17/20 | Lim & Tan | Overseas Edu | 0.29 | 0 | Buy | |
08/17/20 | phillip | Propnex | 0.59 | 0.7 | Buy | DCF |
08/17/20 | UOB Kay Hian | Sasseur | 0.775 | 0.99 | Buy | DDM |
08/17/20 | DBS Vickers | ST Engineering | 3.39 | 3.4 | Hold | Sum of parts, Buy @ below $3.10 |
08/17/20 | UOB Kay Hian | ST Engineering | 3.39 | 3.4 | Hold | Buy @ $3.15 |
08/17/20 | CIMB | ST Engineering | 3.39 | 3.76 | Add | |
08/17/20 | OCBC | ST Engineering | 3.39 | 3.9 | Buy | |
08/17/20 | Amfrasers | Sunpower | 0.575 | 0.91 | outperform | |
08/17/20 | DMG & Partners | Thai Beverage | 0.605 | 0.72 | Buy | Sum of parts |
08/17/20 | CIMB | Thai Beverage | 0.605 | 0.7 | Hold | |
08/17/20 | Amfrasers | Thai Beverage | 0.605 | 0.93 | Outperform | |
08/17/20 | Amfrasers | UMS | 1.08 | 1.17 | Neutral | PER13x FY21 |
08/17/20 | UOB Kay Hian | Venture | 20.25 | 17.64 | Hold | PER14.4x FY21, Buy @ $16 |
Singapore Nodx rose 6% in July 2020.
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Saturday, August 15, 2020
Baltic dry index - 1577
Today, Thursday, August 13 2020, the Baltic Dry Index climbed by 37 points, reaching 1577 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related stock: Sembcorp Marine, Cosco & Pan ocean.
How do you interpret PPI vs CPI and their impacts on the economy?
If you only know how to interpret the PPI and CPI headline numbers and their m-o-m or y-o-y changes, it only shows that you don't know how to analyze the data and also don't understand their economic relationship.
Well, different people interpret the same data set differently. Therefore, I will show you how a brilliant analyst (me) does it.
Let's begin by looking at the economic relationship first.
http://sg-stock.blogspot.com/2019/06/the-true-picture-of-us-economy.html
Next, we can learn about PPI and CPI impacts.
In a nutshell, a producer will be motivated to produce more when the PPI is rising because of the rising profit margin while a rising CPI will sap consumer demands because it diminishes the consumer purchasing power.
When the PPI is greater than the CPI, it will motivate the producer to produce more. Therefore, this phenomenon is known as an inventory growth phase and this will increase the GDP under the investment component (See below).
GDP = Government spending + Investment + Consumption + Net Exports (X-M)
The reverse is true when the PPI is lesser than the CPI since it motivates the producer to produce lesser. Thus, this phenomenon is known as an inventory reduction phrase and this will decrease the GDP.
The most recent PPI vs CPI chart is showing that the PPI is below the CPI and is in the negative or contracting territory. Moreover, the recent upward slope of the PPI denotes that the producer is reducing the inventory passively instead of proactively (downward slope).
How true is this conclusion (inventory reduction phase)?
We can find another alternative variable (PMI inventories subindex) to verify and authenticate this.
http://sg-stock.blogspot.com/2020/08/us-ism-pmi-had-shown-great-improvement.html
The PMI inventories subindex is in a contracting mode (below 50) which also substantiates our conclusion (inventory reduction phase).
This conclusion (inventory reduction phase) is bad news for the GDP unless the other GDP components can neutralize this negative factor.