Starhub - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/16	DMG & Partners	Starhub	3.47	4	Neutral
01/18/16	OCBC	Starhub	3.47	3.91	Buy
01/25/16	Credit Suisse	Starhub	3.31	3.05	Underperform
01/25/16	UOB Kay Hian	Starhub	3.31	3.82	Hold
01/26/16	Deutsche	Starhub	3.37	4.05	Hold
02/17/16	CIMB	Starhub	3.8	3.6	Hold	DCF
02/17/16	DBS Vickers	Starhub	3.8	3.3	Fully Valued
02/17/16	DIR	Starhub	3.8	3.02	Sell	DDM
02/17/16	DMG & Partners	Starhub	3.8	4.06	Neutral	DCF
02/17/16	Kim Eng	Starhub	3.8	4	Hold	DCF
02/17/16	OCBC	Starhub	3.8	3.94	Hold	DCF, Buy @ $3.70
02/17/16	UOB Kay Hian	Starhub	3.8	3.8	Hold	DCF, Buy @ $3.30
02/19/16	Credit Suisse	Starhub	3.49	3	Underperform
03/04/16	Deutsche	Starhub	3.39	4.05	Hold
03/15/16	CIMB	Starhub	3.41	3.6	Hold
03/16/16	OCBC	Starhub	3.37	3.94	Hold
03/17/16	UOB Kay Hian	Starhub	3.38	3.8	Hold	DCF
03/21/16	Credit Suisse	Starhub	3.34	3.05	Underperform
03/23/16	Lim & Tan	Starhub	3.32	0	Hold
03/28/16	UOB Kay Hian	Starhub	3.36	3.03	Sell	Probability weighted
03/31/16	OCBC	Starhub	3.31	3.8	Buy	DCF
04/07/16	Deutsche	Starhub	3.33	4.05	Buy
04/08/16	UOB Kay Hian	Starhub	3.29	3.03	Sell
04/13/16	Credit Suisse	Starhub	3.3	3	Underperform
05/06/16	CIMB	Starhub	3.3	3.2	Hold	DCF
05/06/16	Credit Suisse	Starhub	3.3	3	Underperform
05/06/16	DBS Vickers	Starhub	3.3	3.3	Fully Valued
05/06/16	DIR	Starhub	3.3	2.99	Underperform	DDM
05/06/16	DMG & Partners	Starhub	3.3	3.75	Neutral	DCF
05/06/16	Kim Eng	Starhub	3.3	4	Hold
05/06/16	Lim & Tan	Starhub	3.3	0	Hold
05/06/16	UOB Kay Hian	Starhub	3.3	3.03	Sell	Probability weighted
05/12/16	UOB Kay Hian	Starhub	3.31	2.3	Sell
05/16/16	DBS Vickers	Starhub	3.38	3.3	Hold
05/25/16	OCBC	Starhub	3.48	3.69	Buy
06/01/16	Kim Eng	Starhub	3.53	4.15	Buy	DCF
06/10/16	OCBC	Starhub	3.63	3.69	Hold	DCF, Buy @ $3.50
06/15/16	UOB Kay Hian	Starhub	3.55	2.3	Sell
07/07/16	Credit Suisse	Starhub	3.75	3	Underperform
07/14/16	UOB Kay Hian	Starhub	3.92	2.3	Sell
08/04/16	CIMB	Starhub	3.88	3.7	Hold	DCF
08/04/16	DBS Vickers	Starhub	3.88	4.1	Buy
08/04/16	DIR	Starhub	3.88	3.31	Underperform	DDM
08/04/16	Lim & Tan	Starhub	3.88	3.52	Sell	Bloomberg consensus target
08/04/16	OCBC	Starhub	3.88	3.94	Hold	DCF, Buy @ $3.70 or lower
08/04/16	UOB Kay Hian	Starhub	3.88	3.07	Sell	Probability weighted
08/22/16	DBS Vickers	Starhub	3.85	3.65	Hold
08/26/16	Credit Suisse	Starhub	3.8	3	Underperform
09/02/16	CIMB	Starhub	3.63	3.7	Hold	DCF
09/02/16	OCBC	Starhub	3.63	3.69	Hold
09/02/16	UOB Kay Hian	Starhub	3.63	2.62	Sell
09/05/16	Kim Eng	Starhub	3.47	3.52	Hold	DCF
09/09/16	Credit Suisse	Starhub	3.45	3	Underperform
09/22/16	Credit Suisse	Starhub	3.4	2.65	Underperform
09/22/16	DBS Vickers	Starhub	3.4	3	Fully Valued	DCF
09/22/16	Deutsche	Starhub	3.4	3.9	Buy
10/03/16	UOB Kay Hian	Starhub	3.43	2.62	Sell
10/04/16	DIR	Starhub	3.47	3.04	Underperform	DDM
11/02/16	DBS Vickers	Starhub	3.37	2.8	Fully Valued	DCF
11/03/16	CIMB	Starhub	3.38	3.7	Hold	DCF
11/03/16	Credit Suisse	Starhub	3.38	2.65	Underperform
11/03/16	DIR	Starhub	3.38	3.04	Underperform	DDM
11/03/16	Lim & Tan	Starhub	3.38	0	Sell
11/03/16	OCBC	Starhub	3.38	3.3	Hold	DCF
11/03/16	UOB Kay Hian	Starhub	3.38	2.4	Sell	DCF
11/21/16	CIMB	Starhub	2.9	3.2	Hold	DCF
12/02/16	DMG & Partners	Starhub	2.89	3.75	Neutral
12/05/16	UOB Kay Hian	Starhub	2.87	2.4	Sell	DCF
12/06/16	CIMB	Starhub	2.95	3.2	Hold	DCF
12/07/16	Deutsche	Starhub	2.91	3.9	Buy
12/09/16	OCBC	Starhub	2.95	3.05	Hold
12/15/16	Credit Suisse	Starhub	2.9	2.65	Underperform
12/15/16	DBS Vickers	Starhub	2.9	2.65	Fully Valued	DCF
12/15/16	DIR	Starhub	2.9	2.58	Underperform	DDM
01/03/17	DMG & Partners	Starhub	2.81	2.82	Neutral
01/03/17	UOB Kay Hian	Starhub	2.81	2.4	Sell
01/12/17	Deutsche	Starhub	2.93	3.9	Buy
01/13/17	Credit Suisse	Starhub	2.92	2.65	Underperform
01/13/17	DBS Vickers	Starhub	2.92	3.01	Hold	DCF
01/17/17	DIR	Starhub	3.01	2.56	Underperform	DDM
01/18/17	UOB Kay Hian	Starhub	3.08	3.55	Buy	DCF
02/06/17	CIMB	Starhub	3	2.6	Reduce	DCF, Buy @ $2.30 or below
02/06/17	Credit Suisse	Starhub	3	2.35	Underperform
02/06/17	DBS Vickers	Starhub	3	2.85	Hold	DCF
02/06/17	DIR	Starhub	3	2.31	Sell	DDM
02/06/17	DMG & Partners	Starhub	3	2.7	Neutral	DCF
02/06/17	Kim Eng	Starhub	3	2.49	Sell	DCF
02/06/17	OCBC	Starhub	3	2.65	Sell	DCF
02/06/17	UOB Kay Hian	Starhub	3	3.22	Buy	DCF
02/07/17	Lim & Tan	Starhub	2.8	0	Sell
03/09/17	UOB Kay Hian	Starhub	2.85	3.1	Hold	DCF, Buy @ $2.80
03/17/17	OCBC	Starhub	2.81	2.5	Sell
03/20/17	Credit Suisse	Starhub	2.87	2.25	Underperform
03/24/17	Kim Eng	Starhub	2.86	2.49	Sell	DCF
03/27/17	UOB Kay Hian	Starhub	2.88	2.5	Hold
04/05/17	CIMB	Starhub	2.88	2.6	Reduce
04/05/17	Credit Suisse	Starhub	2.88	2.25	Underperform
04/05/17	DMG & Partners	Starhub	2.88	2.7	Neutral
04/05/17	Kim Eng	Starhub	2.88	2.36	Sell	DCF
04/05/17	OCBC	Starhub	2.88	2.5	Sell
04/06/17	DBS Vickers	Starhub	2.86	2.85	Hold
05/04/17	Credit Suisse	Starhub	2.78	2.2	Underperform
05/04/17	DMG & Partners	Starhub	2.78	2.7	Neutral	DCF
05/04/17	Kim Eng	Starhub	2.78	2.36	Sell	DCF
05/04/17	OCBC	Starhub	2.78	2.4	Sell	DCF
05/04/17	UOB Kay Hian	Starhub	2.78	2.98	Hold	DCF, Buy @ $2.62
05/05/17	CIMB	Starhub	2.78	2.45	Reduce	DCF, Buy @ $2.15 or below
06/05/17	DBS Vickers	Starhub	2.73	2.7	Fully Valued
06/09/17	OCBC	Starhub	2.74	2.4	Sell
06/16/17	UOB Kay Hian	Starhub	2.73	2.98	Hold	DCF, Buy @ $2.62
06/23/17	DIR	Starhub	2.7	2.31	Sell	DDM
07/07/17	DMG & Partners	Starhub	2.72	2.7	Neutral
07/20/17	Credit Suisse	Starhub	2.74	2.2	Underperform
08/03/17	DMG & Partners	Starhub	2.7	2.7	Hold	DCF
08/03/17	DIR	Starhub	2.7	2.31	Sell	DDM
08/03/17	UOB Kay Hian	Starhub	2.7	2.9	Hold	DCF, Buy @ $2.60
08/03/17	OCBC	Starhub	2.7	2.4	Sell	DCF
08/03/17	CIMB	Starhub	2.7	2.5	Reduce	DCF, Buy @ $2.20 or below
08/03/17	Lim & Tan	Starhub	2.7	0	Hold
08/03/17	DBS Vickers	Starhub	2.7	2.33	Fully Valued	DCF
08/22/17	UOB Kay Hian	Starhub	2.59	2.62	Hold	DCF, Buy @ $2.38
09/07/17	UOB Kay Hian	Starhub	2.63	2.62	Hold	DCF, Buy @ $2.38
09/08/17	Credit Suisse	Starhub	2.64	2.2	Underperform
09/11/17	OCBC	Starhub	2.63	2.3	Sell
09/14/17	Kim Eng	Starhub	2.58	2.17	Sell	DCF
09/20/17	Deutsche	Starhub	2.59	3.5	Buy
09/25/17	CIMB	Starhub	2.6	2.5	Hold
09/28/17	DIR	Starhub	2.65	2.25	Sell	DDM
10/12/17	UOB Kay Hian	Starhub	2.64	2.62	Hold	DCF, Buy @ $2.38
10/16/17	DBS Vickers	Starhub	2.67	2.2	Fully Valued	DCF
11/03/17	OCBC	Starhub	2.64	2.3	Sell
11/03/17	Kim Eng	Starhub	2.64	2.17	Sell	DCF
11/03/17	UOB Kay Hian	Starhub	2.64	2.62	Hold	DCF, Buy @ $2.38
11/03/17	Credit Suisse	Starhub	2.64	2.2	Underperform
11/03/17	DMG & Partners	Starhub	2.64	2.7	Neutral	DCF
11/03/17	CIMB	Starhub	2.64	2.5	Hold	DCF
11/06/17	DBS Vickers	Starhub	2.72	2.2	Fully Valued	DCF
12/20/17	CIMB	Starhub	2.88	2.5	Hold
01/10/18	DMG & Partners	Starhub	2.89	2.7	Neutral
01/12/18	UOB Kay Hian	Starhub	2.93	2.62	Hold
01/17/18	CIMB	Starhub	2.92	2.8	Hold	DCF
01/26/18	DBS Vickers	Starhub	2.97	2.2	Fully Valued	DCF
02/15/18	OCBC	Starhub	2.86	2.2	Sell
02/15/18	UOB Kay Hian	Starhub	2.86	2.7	Hold	DCF, Buy @ $2.50
02/15/18	Kim Eng	Starhub	2.86	2.27	Sell	DCF
02/15/18	Credit Suisse	Starhub	2.86	2.15	Underperform
02/15/18	CIMB	Starhub	2.86	2.7	Hold	DCF
02/15/18	Lim & Tan	Starhub	2.86	0	Sell
02/15/18	DMG & Partners	Starhub	2.86	2.65	Neutral
02/20/18	DBS Vickers	Starhub	2.6	2.2	Fully Valued	DCF
03/12/18	UOB Kay Hian	Starhub	2.47	2.7	Hold
03/14/18	Kim Eng	Starhub	2.44	2.27	Sell	DCF
03/15/18	CIMB	Starhub	2.43	2.7	Hold	DCF
03/15/18	DMG & Partners	Starhub	2.43	2.65	Neutral

Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	UOB Kay Hian	Starhill	0.76	0.91	Buy
01/08/16	DBS Vickers	Starhill	0.74	0.84	Buy	DCF
01/08/16	OCBC	Starhill	0.74	0.93	Buy
01/28/16	DIR	Starhill	0.725	0.84	Outperform	DDM
01/28/16	DMG & Partners	Starhill	0.725	0.84	Buy	DDM, PB0.93x FY15
01/28/16	Kim Eng	Starhill	0.725	0.75	Hold	Yield 7.5% FY16
01/28/16	OCBC	Starhill	0.725	0.84	Buy	DDM
03/07/16	CIMB	Starhill	0.76	0.81	Hold	DDM
03/16/16	DBS Vickers	Starhill	0.765	0.84	Buy
03/16/16	OCBC	Starhill	0.765	0.84	Buy
03/17/16	DMG & Partners	Starhill	0.77	0.84	Buy
03/30/16	UOB Kay Hian	Starhill	0.765	0.91	Buy	DDM
04/01/16	DBS Vickers	Starhill	0.78	0.84	Buy	DCF
04/13/16	Kim Eng	Starhill	0.785	0.79	Hold	Yield 7%
04/25/16	CIMB	Starhill	0.79	0.82	Hold	DDM
04/25/16	DIR	Starhill	0.79	0.84	Outperform	DDM
04/25/16	OCBC	Starhill	0.79	0.84	Buy
04/27/16	UOB Kay Hian	Starhill	0.79	0.91	Buy
05/17/16	Kim Eng	Starhill	0.78	0.79	Hold
06/09/16	OCBC	Starhill	0.775	0.84	Buy
06/10/16	DIR	Starhill	0.775	0.87	Outperform	DDM
06/23/16	UOB Kay Hian	Starhill	0.765	0.92	Buy	DDM
07/04/16	DMG & Partners	Starhill	0.785	0.84	Buy
07/18/16	UOB Kay Hian	Starhill	0.795	1	Buy
08/01/16	OCBC	Starhill	0.8	0.86	Buy
08/01/16	UOB Kay Hian	Starhill	0.8	1	Buy	DDM
08/02/16	CIMB	Starhill	0.81	0.86	Hold	DDM
08/02/16	DIR	Starhill	0.81	0.88	Outperform	DDM
08/02/16	Religare	Starhill	0.81	0.9	Buy
08/03/16	DBS Vickers	Starhill	0.81	0.87	Buy
10/14/16	DIR	Starhill	0.81	0.88	Outperform
10/31/16	OCBC	Starhill	0.81	0.86	Buy
11/01/16	CIMB	Starhill	0.815	0.86	Hold	DDM
11/01/16	DBS Vickers	Starhill	0.815	0.87	Buy	DCF
12/05/16	DMG & Partners	Starhill	0.755	0.84	Buy
12/06/16	Kim Eng	Starhill	0.75	0.89	Buy
12/09/16	UOB Kay Hian	Starhill	0.75	0.9	Buy
01/09/17	DBS Vickers	Starhill	0.77	0.87	Buy	DCF
01/18/17	DIR	Starhill	0.75	0.88	Outperform	DDM
01/31/17	DBS Vickers	Starhill	0.76	0.85	Buy	DCF
02/02/17	CIMB	Starhill	0.77	0.72	Hold	DDM
02/02/17	DIR	Starhill	0.77	0.86	Outperform	DDM
02/02/17	DMG & Partners	Starhill	0.77	0.81	Buy	DDM
02/02/17	OCBC	Starhill	0.77	0.82	Buy
03/07/17	UOB Kay Hian	Starhill	0.745	0.9	Buy
03/10/17	DMG & Partners	Starhill	0.735	0.81	Buy
04/04/17	DBS Vickers	Starhill	0.76	0.85	Buy
04/07/17	DMG & Partners	Starhill	0.765	0.81	Buy	DDM
04/11/17	UOB Kay Hian	Starhill	0.77	0.9	Buy	DDM
04/18/17	DIR	Starhill	0.765	0.86	Outperform
04/28/17	DBS Vickers	Starhill	0.775	0.83	Buy	PB0.86x
04/28/17	OCBC	Starhill	0.775	0.82	Buy
05/05/17	DIR	Starhill	0.76	0.85	Outperform	DDM
05/17/17	OCBC	Starhill	0.75	0.82	Buy
05/26/17	OCBC	Starhill	0.76	0.81	Hold
06/06/17	DIR	Starhill	0.755	0.85	Outperform
07/04/17	DMG & Partners	Starhill	0.78	0.81	Buy
07/31/17	DIR	Starhill	0.775	0.85	Outperform	DDM
07/31/17	Religare	Starhill	0.775	0.88	Buy
08/01/17	OCBC	Starhill	0.78	0.82	Buy	DDM
08/01/17	DMG & Partners	Starhill	0.78	0.81	Neutral	DDM
08/01/17	CIMB	Starhill	0.78	0.83	Hold	DDM
08/02/17	DBS Vickers	Starhill	0.78	0.82	Buy
09/15/17	DIR	Starhill	0.75	0.8	Outperform	DDM
09/21/17	DMG & Partners	Starhill	0.75	0.81	Neutral
10/23/17	UOB Kay Hian	Starhill	0.775	0.9	Buy
10/31/17	CIMB	Starhill	0.775	0.83	Hold	DDM
11/01/17	OCBC	Starhill	0.77	0.77	Hold
11/01/17	DBS Vickers	Starhill	0.77	0.82	Buy	DCF
01/02/18	Kim Eng	Starhill	0.78	0.7	Sell	DDM
01/05/18	DMG & Partners	Starhill	0.775	0.81	Neutral	DDM
01/30/18	OCBC	Starhill	0.78	0.77	Hold
01/30/18	Lim & Tan	Starhill	0.78	0	Hold

Stock calls for 15 March 2018

Date	Analyst	Company	Last	Target	Call	Valuation
03/15/18	UOB Kay Hian	ART	1.16	1.23	Hold
03/15/18	UOB Kay Hian	CDL Hospitality	1.69	1.95	Buy
03/15/18	CIMB	Cityneon	1.11	1.58	Add	PER14x FY19
03/15/18	DMG & Partners	DBS	29.12	27	Neutral	PB1.39x FY18
03/15/18	UOB Kay Hian	Frasers Hospitality Trust	0.78	0.9	Buy
03/15/18	CIMB	M1	1.78	1.85	Hold
03/15/18	DMG & Partners	M1	1.78	1.95	Neutral
03/15/18	CIMB	MM2 Asia	0.505	0.74	Add	Sum of parts
03/15/18	Lim & Tan	SIA	11.2	0	Neutral
03/15/18	CIMB	Singtel	3.4	4	Add	Sum of parts
03/15/18	DMG & Partners	Singtel	3.4	4.1	Buy	Sum of parts
03/15/18	CIMB	Starhub	2.43	2.7	Hold	DCF
03/15/18	DMG & Partners	Starhub	2.43	2.65	Neutral

Health alert - Cut down on bottled plastic drinks!

https://www.channelnewsasia.com/news/health/top-bottled-water-brands-contaminated-with-plastic-particles-10044936

Look like plastic particles are getting into our lifestyles now.  We did report about such micro-plastics in our previous postings before in the sea and marine food.

http://sg-stock.blogspot.sg/2017/12/seafood-health-alerts-in-norway-chile.html

The USA will become the public enemy no.1 soon.

https://sg.finance.yahoo.com/news/trump-seems-hint-could-pull-050600774.html

Trump is threatening South Korea now so that he can have the bargaining power to dictate the trade deals.

What a lowball move!

Bitcoin is worthless!

https://sg.finance.yahoo.com/news/bitcoin-worthless-bubble-may-pop-soon-allianz-global-says-081624747.html

The statement that bitcoin is worthless and is coming from an EUR$500b company head cannot be taken lightly because of the ripple effect he can create.  He will tell all his customers the same thing in his capacity in the company.

ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	Lim & Tan	ST Engineering	2.97	0	Buy
01/06/16	UOB Kay Hian	ST Engineering	2.97	3.25	Hold
01/26/16	Deutsche	ST Engineering	2.89	3.7	Buy
02/01/16	OCBC	ST Engineering	2.87	3.22	Buy	PER19x FY16
02/16/16	UOB Kay Hian	ST Engineering	2.75	3.25	Hold
02/29/16	CIMB	ST Engineering	2.85	3.17	Add	Sum of parts
02/29/16	Credit Suisse	ST Engineering	2.85	3	Neutral
02/29/16	DBS Vickers	ST Engineering	2.85	3.4	Buy
02/29/16	Kim Eng	ST Engineering	2.85	3.47	Buy	PER20x FY16
02/29/16	Lim & Tan	ST Engineering	2.85	0	Buy
02/29/16	OCBC	ST Engineering	2.85	3.24	Buy	PER19x FY16
02/29/16	UOB Kay Hian	ST Engineering	2.85	3.28	Buy	PER19.5x FY16
03/18/16	UOB Kay Hian	ST Engineering	3.21	3.6	Buy	PER21.4x FY16
03/22/16	Lim & Tan	ST Engineering	3.23	0	Buy
04/01/16	UOB Kay Hian	ST Engineering	3.23	3.6	Buy	PER21.4x FY16
04/11/16	DBS Vickers	ST Engineering	3.23	3.65	Buy	PER16x & DCF
04/27/16	OCBC	ST Engineering	3.26	3.24	Hold	Buy @ $3
05/16/16	CIMB	ST Engineering	3.08	3.32	Add	Sum of parts
05/16/16	DBS Vickers	ST Engineering	3.08	3.55	Buy
05/16/16	Kim Eng	ST Engineering	3.08	3.17	Hold	PER18x FY17
05/16/16	Lim & Tan	ST Engineering	3.08	0	Hold
05/16/16	OCBC	ST Engineering	3.08	3.24	Buy	PER19x FY16
05/16/16	UOB Kay Hian	ST Engineering	3.08	3.5	Buy	PER21x
06/07/16	UOB Kay Hian	ST Engineering	3.19	3.5	Buy
06/22/16	Lim & Tan	ST Engineering	3.12	0	Hold
07/11/16	Lim & Tan	ST Engineering	3.18	0	Hold
07/13/16	CIMB	ST Engineering	3.32	3.6	Add	Sum of parts, PER22x
07/14/16	UOB Kay Hian	ST Engineering	3.37	3.5	Buy
08/15/16	CIMB	ST Engineering	3.41	3.6	Add	DCF & PER22x CY17
08/15/16	Lim & Tan	ST Engineering	3.41	0	Hold
08/15/16	UOB Kay Hian	ST Engineering	3.41	3.5	Buy	PER21.4x FY16
08/16/16	DBS Vickers	ST Engineering	3.34	3.55	Buy
08/17/16	UOB Kay Hian	ST Engineering	3.32	3.6	Buy	DDM, PER22x FY16
09/07/16	Macquarie	ST Engineering	3.41	3.2	Neutral	Sum of parts
09/16/16	UOB Kay Hian	ST Engineering	3.27	3.6	Buy
10/14/16	CIMB	ST Engineering	3.17	3.6	Add	DCF & PER22x CY17
10/17/16	OCBC	ST Engineering	3.18	3.13	Hold	PER19x FY17
10/19/16	Lim & Tan	ST Engineering	3.19	0	Hold
10/19/16	UOB Kay Hian	ST Engineering	3.19	3.4	Buy	DDM, PER23x FY16
11/10/16	Lim & Tan	ST Engineering	3.07	0	Buy
11/11/16	CIMB	ST Engineering	3.11	3.75	Add	DCF & PER22x CY18
11/11/16	Credit Suisse	ST Engineering	3.11	3	Neutral
11/11/16	DBS Vickers	ST Engineering	3.11	3.5	Buy
11/11/16	OCBC	ST Engineering	3.11	3.2	Hold
11/11/16	UOB Kay Hian	ST Engineering	3.11	3.42	Buy	DDM
11/22/16	Credit Suisse	ST Engineering	3.21	4	Outperform
12/06/16	CIMB	ST Engineering	3.36	3.75	Add
12/13/16	Kim Eng	ST Engineering	3.4	3.17	Hold	PER18x FY17
12/15/16	DBS Vickers	ST Engineering	3.41	3.68	Buy
12/20/16	Lim & Tan	ST Engineering	3.31	0	Buy
01/02/17	OCBC	ST Engineering	3.3	3.2	Hold
01/03/17	UOB Kay Hian	ST Engineering	3.23	3.42	Buy
01/05/17	Credit Suisse	ST Engineering	3.3	4	Outperform
01/13/17	DBS Vickers	ST Engineering	3.34	3.5	Buy
01/19/17	Lim & Tan	ST Engineering	3.41	0	Buy
02/08/17	UOB Kay Hian	ST Engineering	3.37	3.42	Buy
02/10/17	CIMB	ST Engineering	3.36	3.75	Add	DCF & PER22x CY18
02/10/17	Credit Suisse	ST Engineering	3.36	4	Outperform
02/17/17	CIMB	ST Engineering	3.4	3.82	Add	DCF & PER22x
02/17/17	Lim & Tan	ST Engineering	3.4	0	Buy
02/17/17	OCBC	ST Engineering	3.4	3.2	Hold
02/17/17	UOB Kay Hian	ST Engineering	3.4	3.7	Buy	DDM, PER21x
03/13/17	Credit Suisse	ST Engineering	3.66	4	Outperform
03/21/17	UOB Kay Hian	ST Engineering	3.68	3.7	Buy
03/24/17	Kim Eng	ST Engineering	3.64	3.17	Hold	PER18x FY17
04/04/17	DBS Vickers	ST Engineering	3.65	3.8	Buy
04/05/17	UOB Kay Hian	ST Engineering	3.64	3.7	Buy
04/10/17	CIMB	ST Engineering	3.65	3.82	Add
04/19/17	Credit Suisse	ST Engineering	3.75	4	Outperform
04/19/17	Lim & Tan	ST Engineering	3.75	0	Buy
05/15/17	CIMB	ST Engineering	3.75	3.82	Add	PER22x & DCF
05/15/17	Credit Suisse	ST Engineering	3.75	4	Outperform
05/15/17	DBS Vickers	ST Engineering	3.75	4.12	Buy	DCF & PER23x
05/15/17	OCBC	ST Engineering	3.75	3.7	Hold	DCF
05/15/17	UOB Kay Hian	ST Engineering	3.75	3.9	Hold	DCF, PER22.7x FY17, Buy @ $3.60 or lower
05/16/17	Lim & Tan	ST Engineering	3.71	0	Buy
06/06/17	UOB Kay Hian	ST Engineering	3.73	3.9	Hold
06/16/17	DBS Vickers	ST Engineering	3.72	4.12	Buy
07/24/17	CIMB	ST Engineering	3.77	3.82	Add	DCF & PER22x
07/27/17	DBS Vickers	ST Engineering	3.79	4.12	Buy	PER23x
08/02/17	DIR	ST Engineering	3.8	4.46	Buy	DCF
08/14/17	OCBC	ST Engineering	3.7	3.61	Hold	DCF
08/14/17	DIR	ST Engineering	3.7	4.39	Buy	DCF
08/14/17	UOB Kay Hian	ST Engineering	3.7	3.8	Hold	Buy @ $3.50
08/14/17	CIMB	ST Engineering	3.7	3.82	Add	DCF & PER22x CY18
08/14/17	DBS Vickers	ST Engineering	3.7	3.8	Hold
08/14/17	Lim & Tan	ST Engineering	3.7	0	Buy
08/15/17	Credit Suisse	ST Engineering	3.68	4	Outperform
09/06/17	DMG & Partners	ST Engineering	3.59	4.07	Buy	DCF & PER23.3x FY18 & PB5.5x & EV/Ebitda16x
09/28/17	Lim & Tan	ST Engineering	3.49	0	Buy
10/04/17	DIR	ST Engineering	3.43	4.39	Buy	DCF
10/12/17	Crucial Perspective	ST Engineering	3.35	4.3	Outperform
10/25/17	Lim & Tan	ST Engineering	3.38	0	Buy
10/27/17	UOB Kay Hian	ST Engineering	3.46	3.8	Buy
11/08/17	Lim & Tan	ST Engineering	3.47	0	Buy
11/09/17	DMG & Partners	ST Engineering	3.41	4.04	Buy	PER23x & PB5.5x & EV/Ebitda16x & DCF
11/09/17	UOB Kay Hian	ST Engineering	3.41	3.8	Buy	DCF
11/09/17	Credit Suisse	ST Engineering	3.41	4	Outperform
11/09/17	OCBC	ST Engineering	3.41	3.61	Hold
11/09/17	CIMB	ST Engineering	3.41	3.85	Add	PER22x CY19
11/09/17	DBS Vickers	ST Engineering	3.41	3.7	Hold
12/20/17	CIMB	ST Engineering	3.17	3.85	Add
01/05/18	DBS Vickers	ST Engineering	3.3	3.7	Hold
01/18/18	CIMB	ST Engineering	3.31	3.85	Add	DCF & PER22x CY19
01/22/18	Lim & Tan	ST Engineering	3.32	0	Buy
02/07/18	OCBC	ST Engineering	3.23	4	Buy
02/07/18	CIMB	ST Engineering	3.23	3.85	Add
02/20/18	DMG & Partners	ST Engineering	3.35	4.2	Buy
02/26/18	CIMB	ST Engineering	3.39	3.8	Add	DCF, PER & Div yield
02/26/18	UOB Kay Hian	ST Engineering	3.39	3.6	Hold	DCF, Buy @ $3.20
02/26/18	DBS Vickers	ST Engineering	3.39	3.9	Buy
02/26/18	Lim & Tan	ST Engineering	3.39	0	Buy
02/27/18	DMG & Partners	ST Engineering	3.44	4.04	Buy	PER23x & PB5.5x & EV/Ebitda16x & DCF
03/02/18	Lim & Tan	ST Engineering	3.38	0	Buy
03/05/18	CIMB	ST Engineering	3.36	3.8	Add
03/09/18	UOB Kay Hian	ST Engineering	3.38	3.6	Hold
03/12/18	Kim Eng	ST Engineering	3.38	4.15	Buy	DCF
03/13/18	Amfrasers	ST Engineering	3.43	3.88	Buy
03/13/18	Credit Suisse	ST Engineering	3.43	4	Outperform

Spindex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/11/16	DBS Vickers	Spindex	0.745	0.99	Not Rated	PER6x FY16
07/28/17	Lim & Tan	Spindex	0.985	0	Buy
08/22/17	Lim & Tan	Spindex	1.165	0	Buy
09/22/17	SI Research	Spindex	1.11	1.46	Buy	PER12x

Stock calls for 14 March 2018

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/18	DBS Vickers	Bumitama	0.715	0.94	Buy
03/14/18	Lim & Tan	CapitaCommercial	1.77	0	Buy
03/14/18	DBS Vickers	First Resources	1.75	2.18	Buy
03/14/18	Kim Eng	M1	1.78	1.63	Sell	DCF
03/14/18	OCBC	Netlink	0.82	0.91	Buy	DDM
03/14/18	UOB Kay Hian	Oxley	0.56	0.74	Buy
03/14/18	DBS Vickers	Perennial Reit	0.875	1.05	Buy
03/14/18	Kim Eng	Singtel	3.41	3.69	Hold	Sum of parts
03/14/18	UOB Kay Hian	SPH	2.56	2.39	Sell	Sum of parts
03/14/18	Kim Eng	Starhub	2.44	2.27	Sell	DCF
03/14/18	DBS Vickers	Wilmar	3.23	3.65	Buy

A brilliant scientist, Stephen Hawking, has just passed away.

https://sg.news.yahoo.com/physicist-stephen-hawking-conquered-stars-dies-76-042537452.html

The world has just lost a brilliant man but Stephen may have just found his freedom in another world as he is no longer confined to a wheelchair.

Goodbye, Stephen! You will always be remembered.

US-China trade war is rising!

https://finance.yahoo.com/news/trump-could-hit-china-tariffs-195214971.html

The USA will impose intellectual properties tariffs on China and China will definitely retaliate.

There will be collateral damages for other countries that trade with US and China and Singapore won't be spared.

Libor-OIS spread is at a 6-year high. Is the financial crisis coming back again?

http://westdollar.com/sbdm/forex/news/1130,20180312842335989.html

Both the TED spread and Libor-OIS spread will indicate stresses in the banking and financial sectors because both spreads show the bank borrowing rates for each other.  When the spreads are high, it means that the banks don't trust each other and are unwilling to lend to each other at low rates.

The Libor-OIS spread is at a 6-year high now which is a warning sign that other interest rates will increase dramatically.  Therefore, analysts have to watch out for such spreads for any impending financial crisis.