Stock calls for 19 March 2018

Date	Analyst	Company	Last	Target	Call	Valuation
03/19/18	DBS Vickers	A-Reit	2.66	2.85	Buy
03/19/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.57	Not Rated
03/19/18	DMG & Partners	Breadtalk	1.94	2	Take Profit	Sum of parts
03/19/18	DBS Vickers	CapitaRetail China	1.58	1.8	Buy
03/19/18	DBS Vickers	Cromwell Reit (EUR)	0.56	0.63	Buy
03/19/18	phillip	F & N	2.25	2.83	Buy
03/19/18	phillip	Geo Energy	0.225	0.47	Buy	PER10x
03/19/18	DBS Vickers	Keppel DC Reit	1.4	1.6	Buy
03/19/18	DBS Vickers	Keppel Reit	1.21	1.41	Buy
03/19/18	phillip	Old Chang Kee	0.76	0.98	Buy
03/19/18	DBS Vickers	OUE Commercial	0.715	0.73	Hold
03/19/18	phillip	Sheng Siong	0.945	1.13	Buy
03/19/18	UOB Kay Hian	Singapore Medical	0.51	0.74	Buy	PER25.8x FY18
03/19/18	DBS Vickers	Starhill	0.725	0.82	Buy
03/19/18	Phillip	Thai Beverage	0.815	1.05	Buy

Noble has defaulted on its bond coupon.

https://www.businesstimes.com.sg/stocks/hot-stock-noble-plunges-16-after-decision-not-to-pay-us379m-bond-due-tuesday

Noble is trying to play punk now by defaulting on its bond coupon payment and insisting that it won't repay any missed payment.

This shows that Noble is in a very serious financial situation and will collapse anytime soon.

India is trying to get cozy with China after getting spurned by the USA.

http://www.bbc.com/news/world-asia-india-19473365

India has decided to get cozy with China after getting spurned by the USA.

This is a complete change in stance by India because India has been so anti-China.  This joint-military exercise is a significant milestone for both countries.

http://sg-stock.blogspot.sg/2018/03/india-has-to-pay-much-higher-price-to.html

Look like India is starting to see the true colours of the USA.

Baltic dry index - 1143

Today, Friday, March 16 2018, the Baltic Dry Index decreased by 7 points, reaching 1143 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.

==========================

Related Stocks: Sembcorp Marine, Cosco & Pan Ocean.

US rig count - 990

HOUSTON, March 16 - The U.S. rig count added six this week, building on weeks of consistent but slow growth, according to weekly data collected by Baker Hughes released on Friday.

Houston oilfield services company Baker Hughes reported that the number of oil-seeking rigs increased by four this week, for a total of 800 active oil wells in the country -- a figure that is 169 more than this time last year.

The total number of oil and gas rigs now stands at 990, which is an addition of 201 rigs year on year.

The overall rig count, including oil and gas rigs, has sat below 1,000 since April 2015 when oil prices were collapsing.

=========================

Related stocks: Keppel Corp, Sembcorp Marine, Cosco.

Sunningdale - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/29/16	CIMB	Sunningdale	1.07	1.49	Add	PB0.8x CY16
08/04/16	CIMB	Sunningdale	1	1.44	Add	PB0.8x FY16
10/31/16	CIMB	Sunningdale	1.055	1.51	Add	PB0.8x FY17
11/18/16	CIMB	Sunningdale	1.09	1.51	Add
12/06/16	CIMB	Sunningdale	1.09	1.51	Add
02/28/17	CIMB	Sunningdale	1.285	1.56	Add
02/28/17	Lim & Tan	Sunningdale	1.285	0	Buy
03/06/17	UOB Kay Hian	Sunningdale	1.365	1.83	Buy
03/09/17	DBS Vickers	Sunningdale	1.445	1.64	Not Rated	PER10x FY17
04/07/17	UOB Kay Hian	Sunningdale	1.76	1.83	Hold	PER11x FY17, Buy @ $1.65
05/15/17	Lim & Tan	Sunningdale	1.84	0	Buy
05/15/17	UOB Kay Hian	Sunningdale	1.84	2.04	Buy
05/16/17	CIMB	Sunningdale	1.835	2.19	Add	PB1.11x FY17
05/25/17	DBS Vickers	Sunningdale	1.95	2.62	Buy	PER13x FY18
07/05/17	CIMB	Sunningdale	1.765	2.19	Add	PB1.11x FY17
07/28/17	Lim & Tan	Sunningdale	1.995	0	Buy
08/03/17	UOB Kay Hian	Sunningdale	2.05	2.51	Buy	PER11.4x FY18, PB1.34x FY16
08/03/17	DBS Vickers	Sunningdale	2.05	2.62	Buy	PER13x FY18
08/03/17	Lim & Tan	Sunningdale	2.05	0	Buy
08/04/17	CIMB	Sunningdale	2.15	2.19	Add	PB1.11x FY17
08/04/17	DBS Vickers	Sunningdale	2.15	2.7	Buy	PER13x FY18
10/02/17	DBS Vickers	Sunningdale	1.97	2.7	Buy	PER13x FY18
10/03/17	NRA	Sunningdale	2.02	2.73	Not Rated	PER13.46x
10/30/17	CIMB	Sunningdale	2.14	2.86	Add	PB1.36x FY18
11/09/17	CIMB	Sunningdale	2.25	2.79	Add	PB1.33x FY18
11/09/17	Lim & Tan	Sunningdale	2.25	0	Buy
11/10/17	UOB Kay Hian	Sunningdale	2.15	2.51	Buy	PER11.4x FY18
11/10/17	DBS Vickers	Sunningdale	2.15	2.7	Buy	PER13x FY18
12/06/17	DBS Vickers	Sunningdale	1.89	2.7	Buy
12/20/17	CIMB	Sunningdale	1.84	2.79	Add
01/10/18	CIMB	Sunningdale	1.92	2.79	Add
02/07/18	CIMB	Sunningdale	1.86	2.79	Add
02/23/18	CIMB	Sunningdale	1.93	2.82	Add
02/23/18	UOB Kay Hian	Sunningdale	1.93	2.51	Buy	PER11.4x FY18
02/23/18	DBS Vickers	Sunningdale	1.93	2.7	Buy	PER13x FY18
02/23/18	Lim & Tan	Sunningdale	1.93	0	Buy on weakness

Straits Trading - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/10/17	OCBC	Straits Trading	2.27	2.73	Buy
05/16/17	OCBC	Straits Trading	2.31	2.73	Buy

Stock calls for 16 March 2018

Date	Analyst	Company	Last	Target	Call	Valuation
03/16/18	phillip	Golden Energy	0.37	0.48	Buy	PER10x
03/16/18	UOB Kay Hian	Singapore Post	1.37	1.6	Buy	Sum of parts
03/16/18	Amfrasers	Uni-Asia	1.45	1.81	Buy	Sum of parts, PB0.5x FY18, PER10x FY18
03/16/18	CIMB	UOL	8.79	9.67	Add
03/16/18	OCBC	Yangzijiang	1.3	1.34	Hold	Sum of parts

Singapore NODX fell 5.9% in February 2018.

https://sg.finance.yahoo.com/news/nodx-slipped-5-9-february-034700646.html

Year on year changes (YOY):

February 2018: -5.9%

January 2018: 13%

December 2017: 3.1%

November 2017: 9.1%

October 2017: 20.9%

September 2017: -1.1%

August 2017: 16.7%

July 2017: 8.5%

June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%

Analysts attributed the fall in Feb NODX to the Lunar New Year holiday as exports to China plunged heavily.  However, the JAN & FEB 2017 NODX increased by 8.6% and 21.1% respectively.  Therefore, the FEB 2018 fall is not purely due to the CNY effect because CNY usually occurs in Jan or Feb.

What the NODX's trend is showing is that the Singapore economy is closely tied to China now.

https://sg-stock.blogspot.sg/2018/02/singapores-nodx-upped-13-yoy-in-january.html

The USA budget deficit widened to a 6-year high in February 2018 to USD$215b.

http://money.cnn.com/2018/03/12/news/economy/budget-deficit/index.html

https://tradingeconomics.com/united-states/government-budget-value

The USA budget deficit widened to a 6-year high in February 2018 to USD$215b.  This shows that the USA economy is based on credit financing and the USA has to keep issuing government bonds to fund its economy.  If the interest rates go up too fast, the USA will have a heavy burden to finance its national debt of more than US$20t.  If the USA has to borrow US$200b per month to finance its economic growth, it is subjecting itself to a very dicey situation because the recent bond sales are underwhelming.

What is this budget deficit?

We'll explain budget deficit in a simplified way.

First, there must be a fiscal deficit before the budget deficit.  Fiscal deficit happens when the government's revenue cannot meet its expenditure, resulting in a shortfall.  Then, the government has to borrow money to meet this cash shortfall and this is what we called a budget deficit.

When the revenue is equal to the expenditure, the budget is neutral (no surplus or deficit).

It is a big mistake to get Australia involved in ASEAN.

https://www.theguardian.com/world/2018/mar/15/australia-warned-against-dancing-with-dictators-at-asean-summit-in-sydney

When did Australia become the ASEAN policing authority for ASEAN?

It is really a big mistake to get Australia involved in ASEAN.  Singapore, as the chairman of ASEAN 2018, should stop Australia from pushing and imposing its own agenda and values on ASEAN.

Singapore is creating ramification in ASEAN when it doesn't take action against Australia.  Australia is provoking the ire of developing ASEAN countries and ASEAN will become a less effective and cohesive entity.

https://sg-stock.blogspot.sg/2018/03/ramification-will-increase-in-asean.html

India has to pay a much higher price to get cozy with the USA.

https://www.channelnewsasia.com/news/business/us-launches-wto-action-on-indian-export-subsidies-10044250

There is no free lunch in this world and India has to pay a high price to get cozy with the USA so that it can become part of the USA's allies to contain China.

Is it worth to pay for such a high price to become the USA's lackey?

http://sg-stock.blogspot.sg/2018/02/india-has-to-pay-high-price-to-be-usa.html

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.