China Aviation Oil - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	UOB Kay Hian	China Aviation Oil	1.4	1.9	Buy
01/05/17	UOB Kay Hian	China Aviation Oil	1.4	2.01	Buy	PER14.4x FY17
01/13/17	DBS Vickers	China Aviation Oil	1.505	1.7	Buy
01/17/17	CIMB	China Aviation Oil	1.505	2	Add	PER13x CY18
02/24/17	DBS Vickers	China Aviation Oil	1.51	1.85	Buy	PER12x FY18
02/24/17	UOB Kay Hian	China Aviation Oil	1.51	2.21	Buy	PER14.4x FY17
02/27/17	CIMB	China Aviation Oil	1.525	2.28	Add	PER13x FY18
02/27/17	phillip	China Aviation Oil	1.525	2	Buy	PER11.7x FY17
02/28/17	Edison	China Aviation Oil	1.525	2.04	Buy	DCF
03/02/17	UOB Kay Hian	China Aviation Oil	1.525	2.21	Buy
03/03/17	DMG & Partners	China Aviation Oil	1.5	1.83	Buy	PER11.2x FY17, PEG1x FY17
03/17/17	DBS Vickers	China Aviation Oil	1.475	1.85	Buy
03/24/17	CIMB	China Aviation Oil	1.465	2.28	Add	PER13x FY18
04/03/17	UOB Kay Hian	China Aviation Oil	1.525	2.21	Buy
04/10/17	CIMB	China Aviation Oil	1.64	2.28	Add	PER13x FY18
04/20/17	UOB Kay Hian	China Aviation Oil	1.63	2.26	Buy	PER14.4x FY17
04/21/17	phillip	China Aviation Oil	1.635	2	Buy	PER11.7x
04/26/17	DMG & Partners	China Aviation Oil	1.625	1.9	Buy	PER11.3x FY17, PEG0.68x FY17
05/03/17	UOB Kay Hian	China Aviation Oil	1.62	2.26	Buy
05/31/17	CIMB	China Aviation Oil	1.685	2.28	Add
06/09/17	CIMB	China Aviation Oil	1.65	2.2	Buy	PER13x FY18
06/13/17	UOB Kay Hian	China Aviation Oil	1.685	2.01	Buy
06/28/17	DMG & Partners	China Aviation Oil	1.665	1.9	Buy	PER11.3x FY17, PEG0.68x FY17
07/03/17	UOB Kay Hian	China Aviation Oil	1.67	2.26	Buy	PER14.4x FY17
07/27/17	DBS Vickers	China Aviation Oil	1.765	1.85	Buy	PER12x FY18
07/28/17	DMG & Partners	China Aviation Oil	1.67	1.9	Buy	PER11.3x FY17, PEG0.61x FY17
07/28/17	CIMB	China Aviation Oil	1.67	2.08	Add	PER13x FY18
07/31/17	phillip	China Aviation Oil	1.65	2	Buy	PER11.7x
07/31/17	DBS Vickers	China Aviation Oil	1.65	2.08	Buy	PER13x FY18
08/17/17	UOB Kay Hian	China Aviation Oil	1.535	2.26	Buy
08/17/17	Edison	China Aviation Oil	1.535	2.11	Buy
11/03/17	UOB Kay Hian	China Aviation Oil	1.76	2.26	Buy	PER14.4x FY17
11/03/17	DMG & Partners	China Aviation Oil	1.76	1.8	Neutral	PER12x FY17
11/03/17	CIMB	China Aviation Oil	1.76	2.08	Add	PER13x FY18
11/03/17	DBS Vickers	China Aviation Oil	1.76	2.08	Buy
11/06/17	phillip	China Aviation Oil	1.67	2	Buy	PER11.5x FY18
11/06/17	Edison	China Aviation Oil	1.67	1.88	Buy
01/31/18	DBS Vickers	China Aviation Oil	1.65	2.08	Buy	PER13x FY18
03/01/18	CIMB	China Aviation Oil	1.58	2.03	Add	PER12.5x CY19
03/01/18	DMG & Partners	China Aviation Oil	1.58	1.6	Neutral	DCF, PER11.3x FY18
03/01/18	UOB Kay Hian	China Aviation Oil	1.58	2.13	Buy	PER13.5x FY18
03/02/18	DBS Vickers	China Aviation Oil	1.51	1.98	Buy	PER13x FY18
03/02/18	phillip	China Aviation Oil	1.51	2	Buy	PER13.3x
03/20/18	DMG & Partners	China Aviation Oil	1.54	1.8	Buy	PER12.2x FY18, PEG1x FY18
04/03/18	Edison	China Aviation Oil	1.56	1.82	Buy	DCF
05/10/18	CIMB	China Aviation Oil	1.56	2.03	Add	PER12.5x FY19
05/10/18	UOB Kay Hian	China Aviation Oil	1.56	2.13	Buy	PER13.5x FY18
05/11/18	phillip	China Aviation Oil	1.58	2	Buy	PER13.3x FY18
05/11/18	DMG & Partners	China Aviation Oil	1.58	1.8	Buy	DCF & PER12.2x FY18 & PEG1x FY18
06/20/18	CIMB	China Aviation Oil	1.52	2.03	Add	PER12.5x CY19
07/03/18	DMG & Partners	China Aviation Oil	1.5	1.8	Buy
08/02/18	UOB Kay Hian	China Aviation Oil	1.53	2.05	Buy	PER13.5x FY18
08/02/18	CIMB	China Aviation Oil	1.53	2.03	Add	PER12.5x FY19
08/02/18	DMG & Partners	China Aviation Oil	1.53	1.8	Buy
08/03/18	phillip	China Aviation Oil	1.53	2	Buy	PER12.8x FY18
08/06/18	DMG & Partners	China Aviation Oil	1.54	1.75	Buy	Sum of parts, PER11.4x FY18
08/07/18	DBS Vickers	China Aviation Oil	1.58	1.98	Buy	PER13x FY18

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/06/17	phillip	Centurion	0.36	0.42	Buy
03/02/17	DMG & Partners	Centurion	0.405	0.39	Neutral	DCF
03/02/17	Kim Eng	Centurion	0.405	0.41	Hold	DCF
03/03/17	phillip	Centurion	0.4	0.42	Accumulate	DCF
03/31/17	Lim & Tan	Centurion	0.41	0	Hold
04/03/17	phillip	Centurion	0.42	0.42	Accumulate	DCF
05/19/17	phillip	Centurion	0.445	0.48	Accumulate	DCF
08/11/17	Kim Eng	Centurion	0.545	0.55	Hold	DCF
08/11/17	phillip	Centurion	0.545	0.59	Accumulate	DCF
11/10/17	phillip	Centurion	0.535	0.59	Accumulate	DCF
03/01/18	DMG & Partners	Centurion	0.515	0.47	Neutral	DCF
03/01/18	Kim Eng	Centurion	0.515	0.5	Hold	DCF
06/27/18	DMG & Partners	Centurion	0.455	0.47	Neutral
08/10/18	DMG & Partners	Centurion	0.45	0.47	Neutral

CEI - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/17	CIMB	CEI	0.94	1.11	Add	PER9.2x FY18
07/05/17	CIMB	CEI	1.06	1.11	Add	PER9.2x FY18
08/28/17	CIMB	CEI	1.025	1.08	Add	PER9.74x
02/12/18	CIMB	CEI	1	1.02	Hold	PER10.48x

Stock calls for 17 September 2018

Date	Analyst	Company	Last	Target	Call	Valuation
09/17/18	Kim Eng	ART	1.07	1.15	Hold	DDM
09/17/18	Kim Eng	CDL Hospitality	1.56	1.8	Buy	DDM
09/17/18	DBS Vickers	Chip Eng Seng	0.845	0.75	Hold
09/17/18	DMG & Partners	DBS	24.85	30.3	Buy
09/17/18	DBS Vickers	ESR-Reit	0.5	0.59	Buy	DCF
09/17/18	Kim Eng	Far East Hospitality	0.635	0.75	Buy	DDM
09/17/18	Kim Eng	Frasers Hospitality Trust	0.69	0.8	Buy	DDM
09/17/18	UOB Kay Hian	Keppel T&T	1.34	1.51	Hold	Sum of parts, Buy @ $1.30
09/17/18	UOB Kay Hian	Netlink	0.785	0.95	Buy	DCF
09/17/18	Kim Eng	ST Engineering	3.53	4.35	Buy	DCF

Singapore NODX grew 5% in August 2018.

https://www.straitstimes.com/business/economy/singapore-non-oil-exports-up-5-in-august-thanks-again-to-pharma-as-slide-in?xtor=CS11-86

Year on year changes (YOY):

August 2018: 5%

July 2018: 11.8% (Corrected)

June 2018: 1.1%

May 2018: 15.5%

April 2018: 11.8%

March 2018: -2.7%

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%

http://sg-stock.blogspot.com/2018/08/singapore-nodx-in-july-2018-increased.html

The revised $200b tariffs against China.

https://sg.finance.yahoo.com/news/report-trump-going-ahead-plans-210131994.html

Trump is proceeding with the tariffs against $200b China goods but will lower the tariffs to 10% instead of the original 25%.

Although the tariff percentage is lowered to 10%, it is still an unfriendly gesture prior to the trade talk.  China will retaliate with its own tariffs and nothing will come out good from the trade talk.

Temasek has lost in another investment again.

https://www.theonlinecitizen.com/2018/09/15/temasek-loses-at-least-s1-2b-in-5-months-for-betting-on-bayer/amp/

Sigh! Another investment loss for Temasek!

No wonder everything is going up in Singapore to make up for Temasek loss.

Baltic dry index - 1366

Today, Friday, September 14 2018, the Baltic Dry Index decreased by 16 points, reaching 1366 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 - 1055

HOUSTON, Sept. 14 (Xinhua) -- The number of active drilling rigs in the United States increased by seven to 1,055 this week, or 119 more than that this time last year, showed weekly data released by Baker Hughes on Friday.

The Houston-based oilfield services company reported that the U.S. state of Louisiana and Pennsylvania led the gain with increasing by three rigs, while Texas decreased by three to 525.

The number of rigs operating in U.S. oil fields gained seven to a total of 867 rigs this week, and more than half of the oil rigs were located in the Permian Basin region of western Texas and southeastern New Mexico. The number of rigs drilling for gas remained level at 186 this week. The count of miscellaneous rigs held steady at two.

Oil prices settled mixed on Friday as traders assessed the potential impact of U.S. sanctions on Iran.

The West Texas Intermediate for October delivery rose 40 U.S. cents to settle at 68.99 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery lost 9 cents to 78.09 dollars a barrel on the London ICE Futures Exchange.

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

Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

CDL Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/17	OCBC	CDL Hospitality	1.355	1.48	Buy
01/09/17	DBS Vickers	CDL Hospitality	1.39	1.59	Buy
01/18/17	DIR	CDL Hospitality	1.4	1.49	Outperform
01/27/17	CIMB	CDL Hospitality	1.42	1.42	Hold	DDM
01/27/17	DBS Vickers	CDL Hospitality	1.42	1.65	Buy	DCF
01/27/17	DIR	CDL Hospitality	1.42	1.5	Outperform	DDM
01/27/17	DMG & Partners	CDL Hospitality	1.42	1.47	Neutral
01/27/17	OCBC	CDL Hospitality	1.42	1.46	Hold
01/27/17	UOB Kay Hian	CDL Hospitality	1.42	1.47	Hold	DDM
01/31/17	Credit Suisse	CDL Hospitality	1.415	1.53	Outperform
03/07/17	UOB Kay Hian	CDL Hospitality	1.39	1.47	Hold
03/10/17	DMG & Partners	CDL Hospitality	1.385	1.47	Neutral
04/03/17	CIMB	CDL Hospitality	1.435	1.42	Hold
04/07/17	DMG & Partners	CDL Hospitality	1.48	1.47	Neutral
04/11/17	UOB Kay Hian	CDL Hospitality	1.47	1.47	Hold	DDM
04/18/17	DIR	CDL Hospitality	1.49	1.5	Outperform
04/27/17	Credit Suisse	CDL Hospitality	1.51	1.64	Outperform
04/27/17	DBS Vickers	CDL Hospitality	1.51	1.7	Buy	DCF
04/27/17	DIR	CDL Hospitality	1.51	1.59	Outperform	DDM
04/27/17	DMG & Partners	CDL Hospitality	1.51	1.62	Buy	DDM
04/27/17	OCBC	CDL Hospitality	1.51	1.49	Hold
05/08/17	DBS Vickers	CDL Hospitality	1.54	1.75	Buy	DCF
05/08/17	DIR	CDL Hospitality	1.54	1.65	Outperform	DDM
05/08/17	OCBC	CDL Hospitality	1.54	1.51	Hold
05/25/17	UOB Kay Hian	CDL Hospitality	1.615	1.62	Hold
06/12/17	DBS Vickers	CDL Hospitality	1.61	1.75	Buy
06/13/17	CIMB	CDL Hospitality	1.63	1.52	Hold	DDM
06/16/17	DIR	CDL Hospitality	1.64	1.72	Outperform	DDM
06/29/17	DMG & Partners	CDL Hospitality	1.63	1.7	Buy	DDM
06/29/17	OCBC	CDL Hospitality	1.63	1.52	Hold	Ex-rights $1.48 (20-for-100 @ $1.28)
07/04/17	DIR	CDL Hospitality	1.62	1.58	Hold	DDM
07/04/17	OCBC	CDL Hospitality	1.62	1.48	Hold	Ex-rights
07/12/17	DMG & Partners	CDL Hospitality	1.56	1.7	Buy	DDM
07/31/17	UOB Kay Hian	CDL Hospitality	1.59	1.62	Hold	DDM
07/31/17	OCBC	CDL Hospitality	1.59	1.525	Hold
07/31/17	CIMB	CDL Hospitality	1.59	1.56	Hold	DDM
07/31/17	Credit Suisse	CDL Hospitality	1.59	1.7	Outperform
07/31/17	DBS Vickers	CDL Hospitality	1.59	1.75	Buy	DCF
08/21/17	OCBC	CDL Hospitality	1.62	1.525	Hold
08/28/17	DBS Vickers	CDL Hospitality	1.605	1.75	Buy
09/21/17	DMG & Partners	CDL Hospitality	1.6	1.7	Buy
10/11/17	DBS Vickers	CDL Hospitality	1.64	1.75	Buy
10/23/17	UOB Kay Hian	CDL Hospitality	1.63	1.62	Hold
10/23/17	DIR	CDL Hospitality	1.63	1.61	Hold	DDM
10/30/17	DMG & Partners	CDL Hospitality	1.63	1.7	Buy
10/30/17	UOB Kay Hian	CDL Hospitality	1.63	1.7	Hold	DDM
10/30/17	OCBC	CDL Hospitality	1.63	1.555	Hold
10/30/17	CIMB	CDL Hospitality	1.63	1.62	Hold	DDM
10/30/17	DBS Vickers	CDL Hospitality	1.63	1.75	Buy	DCF
11/20/17	DIR	CDL Hospitality	1.64	1.61	Hold
12/01/17	UOB Kay Hian	CDL Hospitality	1.65	1.88	Buy
12/18/17	DBS Vickers	CDL Hospitality	1.66	1.95	Buy
01/04/18	UOB Kay Hian	CDL Hospitality	1.69	1.88	Buy	DDM
01/04/18	CIMB	CDL Hospitality	1.69	1.77	Add
01/05/18	DMG & Partners	CDL Hospitality	1.72	1.7	Buy
01/29/18	CIMB	CDL Hospitality	1.82	1.92	Add	DDM
01/29/18	DMG & Partners	CDL Hospitality	1.82	1.95	Buy	DDM
01/29/18	UOB Kay Hian	CDL Hospitality	1.82	1.95	Buy	DDM
01/29/18	OCBC	CDL Hospitality	1.82	1.6	Sell
01/29/18	DBS Vickers	CDL Hospitality	1.82	2	Buy
02/13/18	UOB Kay Hian	CDL Hospitality	1.64	1.95	Buy
02/20/18	DBS Vickers	CDL Hospitality	1.68	2	Buy
03/02/18	UOB Kay Hian	CDL Hospitality	1.66	1.95	Buy
03/06/18	UOB Kay Hian	CDL Hospitality	1.65	1.82	Buy
03/15/18	UOB Kay Hian	CDL Hospitality	1.69	1.95	Buy
04/03/18	UOB Kay Hian	CDL Hospitality	1.69	1.95	Buy	DDM
04/10/18	CIMB	CDL Hospitality	1.72	1.92	Add
04/17/18	DBS Vickers	CDL Hospitality	1.72	2	Buy	DCF
05/02/18	UOB Kay Hian	CDL Hospitality	1.78	1.95	Buy
05/02/18	DMG & Partners	CDL Hospitality	1.78	1.95	Buy	DDM
05/02/18	OCBC	CDL Hospitality	1.78	1.6	Hold
05/02/18	CIMB	CDL Hospitality	1.78	1.92	Add	DDM
05/08/18	DBS Vickers	CDL Hospitality	1.73	2	Buy
06/04/18	UOB Kay Hian	CDL Hospitality	1.68	1.95	Buy	DDM
06/08/18	CIMB	CDL Hospitality	1.66	1.92	Add	DDM
06/26/18	DBS Vickers	CDL Hospitality	1.61	2	Buy
07/04/18	UOB Kay Hian	CDL Hospitality	1.53	1.95	Buy
07/06/18	DBS Vickers	CDL Hospitality	1.58	2	Buy
07/30/18	OCBC	CDL Hospitality	1.65	1.42	Sell
07/30/18	UOB Kay Hian	CDL Hospitality	1.65	1.86	Buy
07/30/18	CIMB	CDL Hospitality	1.65	1.78	Add	DDM
07/30/18	DBS Vickers	CDL Hospitality	1.65	1.95	Buy	DCF
08/13/18	OCBC	CDL Hospitality	1.5	1.42	Hold
08/17/18	UOB Kay Hian	CDL Hospitality	1.54	1.86	Buy
08/24/18	DBS Vickers	CDL Hospitality	1.52	1.95	Buy
09/03/18	UOB Kay Hian	CDL Hospitality	1.56	1.86	Buy

CapitaRetail China - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/27/17	DIR	CapitaRetail China	1.41	1.29	Underperform	DDM
01/27/17	OCBC	CapitaRetail China	1.41	1.56	Buy
01/31/17	DBS Vickers	CapitaRetail China	1.41	1.6	Buy	DCF
01/31/17	Phillip	CapitaRetail China	1.41	1.44	Hold	DDM
02/17/17	JP Morgan	CapitaRetail China	1.42	1.55	Overweight
03/15/17	OCBC	CapitaRetail China	1.415	1.56	Buy
04/18/17	DIR	CapitaRetail China	1.475	1.29	Underperform
04/24/17	OCBC	CapitaRetail China	1.515	1.58	Buy
04/25/17	DBS Vickers	CapitaRetail China	1.495	1.68	Buy	DCF
04/25/17	DIR	CapitaRetail China	1.495	1.31	Underperform	DDM
04/25/17	Phillip	CapitaRetail China	1.495	1.44	Neutral	DDM
07/12/17	OCBC	CapitaRetail China	1.61	1.58	Hold
07/28/17	DIR	CapitaRetail China	1.63	1.21	Underperform	DDM
07/28/17	OCBC	CapitaRetail China	1.63	1.55	Hold
07/28/17	DBS Vickers	CapitaRetail China	1.63	1.7	Buy
07/31/17	Phillip	CapitaRetail China	1.645	1.64	Neutral	DDM
08/17/17	DBS Vickers	CapitaRetail China	1.585	1.7	Buy	DCF
09/15/17	OCBC	CapitaRetail China	1.62	1.59	Hold
10/24/17	OCBC	CapitaRetail China	1.685	1.61	Hold
10/24/17	DBS Vickers	CapitaRetail China	1.685	1.8	Buy	DCF, PB1.07x
10/25/17	Phillip	CapitaRetail China	1.66	1.64	Neutral	DDM
11/30/17	OCBC	CapitaRetail China	1.65	1.63	Hold
12/04/17	Phillip	CapitaRetail China	1.64	1.66	Neutral	DDM
12/13/17	DBS Vickers	CapitaRetail China	1.6	1.75	Buy	DCF
02/01/18	DBS Vickers	CapitaRetail China	1.69	1.8	Buy	DCF
02/01/18	OCBC	CapitaRetail China	1.69	1.66	Hold
02/02/18	Phillip	CapitaRetail China	1.67	1.66	Neutral	DDM, PB1.02x
03/19/18	DBS Vickers	CapitaRetail China	1.58	1.8	Buy
03/28/18	OCBC	CapitaRetail China	1.55	1.66	Buy
04/27/18	OCBC	CapitaRetail China	1.55	1.66	Buy
04/30/18	Phillip	CapitaRetail China	1.55	1.66	Accumulate	DDM
07/03/18	OCBC	CapitaRetail China	1.51	1.64	Buy
07/30/18	OCBC	CapitaRetail China	1.57	1.55	Hold
07/31/18	DBS Vickers	CapitaRetail China	1.57	1.7	Buy	DCF
08/30/18	DBS Vickers	CapitaRetail China	1.45	1.7	Buy

Capitaland mall - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	Capitamall Trust	1.97	2.25	Buy	DCF
01/12/17	HSBC	Capitamall Trust	2.01	2.25	Buy
01/20/17	Lim & Tan	Capitamall Trust	1.97	0	Hold
01/23/17	CIMB	Capitamall Trust	1.985	1.98	Hold	DDM
01/23/17	Credit Suisse	Capitamall Trust	1.985	2.25	Neutral
01/23/17	DBS Vickers	Capitamall Trust	1.985	2.17	Buy	DCF, PB1.17x
01/23/17	DIR	Capitamall Trust	1.985	2.16	Outperform	DDM
01/23/17	DMG & Partners	Capitamall Trust	1.985	2.07	Neutral	DDM
01/23/17	OCBC	Capitamall Trust	1.985	2.2	Buy
01/25/17	OCBC	Capitamall Trust	2.08	2.26	Buy
01/25/17	CIMB	Capitamall Trust	2.08	2.25	Add	DDM
01/25/17	DMG & Partners	Capitamall Trust	2.08	2.1	Neutral	DDM
02/09/17	Credit Suisse	Capitamall Trust	1.97	2.25	Neutral
02/28/17	Deutsche	Capitamall Trust	1.965	2.1	Hold
03/07/17	UOB Kay Hian	Capitamall Trust	1.935	1.95	Hold
03/10/17	DMG & Partners	Capitamall Trust	1.925	2.07	Neutral
03/24/17	DIR	Capitamall Trust	1.945	2.16	Outperform	DDM
03/24/17	Lim & Tan	Capitamall Trust	1.945	0	Buy
04/04/17	DBS Vickers	Capitamall Trust	1.97	2.17	Buy	DCF
04/07/17	DMG & Partners	Capitamall Trust	1.965	2.07	Neutral
04/11/17	UOB Kay Hian	Capitamall Trust	1.975	1.95	Hold
04/18/17	DIR	Capitamall Trust	2	2.16	Outperform	DDM
04/21/17	CIMB	Capitamall Trust	2.01	2.05	Hold	DDM
04/21/17	Credit Suisse	Capitamall Trust	2.01	2.25	Neutral
04/21/17	OCBC	Capitamall Trust	2.01	2.2	Buy
05/25/17	Deutsche	Capitamall Trust	1.985	2.15	Buy
05/25/17	UOB Kay Hian	Capitamall Trust	1.985	2.04	Hold
06/05/17	OCBC	Capitamall Trust	1.955	2.2	Buy
06/06/17	DIR	Capitamall Trust	1.95	2.16	Outperform
06/09/17	Deutsche	Capitamall Trust	1.94	2.15	Buy	RNAV & DDM
06/12/17	Phillip	Capitamall Trust	1.925	2.01	Neutral	DDM
06/16/17	DBS Vickers	Capitamall Trust	1.94	2.17	Buy
06/22/17	Deutsche	Capitamall Trust	1.945	2.15	Buy
07/04/17	DMG & Partners	Capitamall Trust	1.965	2.07	Neutral
07/21/17	Lim & Tan	Capitamall Trust	2	0	Hold
07/24/17	OCBC	Capitamall Trust	2.03	2.2	Buy
07/24/17	DIR	Capitamall Trust	2.03	2.2	Outperform	DDM
07/24/17	Phillip	Capitamall Trust	2.03	2.01	Neutral	DDM, PB1x
07/24/17	UOB Kay Hian	Capitamall Trust	2.03	2.04	Hold	DDM
07/24/17	CIMB	Capitamall Trust	2.03	2.11	Hold	DDM
07/24/17	DBS Vickers	Capitamall Trust	2.03	2.17	Buy
07/24/17	DMG & Partners	Capitamall Trust	2.03	2.08	Neutral
08/04/17	OCBC	Capitamall Trust	2.02	2.2	Buy
08/07/17	DBS Vickers	Capitamall Trust	2.02	2.19	Buy
08/25/17	Credit Suisse	Capitamall Trust	2.13	2.32	Outperform
09/13/17	Credit Suisse	Capitamall Trust	2.11	2.32	Outperform
09/21/17	DMG & Partners	Capitamall Trust	2.05	2.08	Neutral
10/23/17	Phillip	Capitamall Trust	2.04	2.01	Neutral	DDM, PB1x
10/23/17	UOB Kay Hian	Capitamall Trust	2.04	2.04	Hold	DDM
10/23/17	Credit Suisse	Capitamall Trust	2.04	2.3	Outperform
10/23/17	OCBC	Capitamall Trust	2.04	2.2	Buy
10/23/17	CIMB	Capitamall Trust	2.04	2.15	Hold	DDM
10/23/17	DBS Vickers	Capitamall Trust	2.04	2.19	Buy
10/23/17	Lim & Tan	Capitamall Trust	2.04	0	Hold	Buy @ $1.90
10/24/17	DMG & Partners	Capitamall Trust	2.06	2.08	Neutral	DDM
12/01/17	UOB Kay Hian	Capitamall Trust	2.05	2.04	Hold
12/20/17	CIMB	Capitamall Trust	2.15	2.15	Hold
01/02/18	Kim Eng	Capitamall Trust	2.13	2.15	Hold	DDM
01/04/18	Deutsche	Capitamall Trust	2.12	2.3	Buy
01/05/18	DMG & Partners	Capitamall Trust	2.11	2.08	Neutral
01/15/18	OCBC	Capitamall Trust	2.06	2.2	Buy
01/26/18	Phillip	Capitamall Trust	2.1	2.03	Neutral	DDM, PB1.02x
01/26/18	UOB Kay Hian	Capitamall Trust	2.1	2.04	Hold	DDM
01/26/18	DBS Vickers	Capitamall Trust	2.1	2.19	Buy
04/23/18	CIMB	Capitamall Trust	2.1	2.25	Add	DDM
04/23/18	Phillip	Capitamall Trust	2.1	2.05	Neutral	DDM
04/23/18	UOB Kay Hian	Capitamall Trust	2.1	2.13	Hold	DDM, Buy @ $1.81
04/23/18	DBS Vickers	Capitamall Trust	2.1	2.19	Buy
04/23/18	OCBC	Capitamall Trust	2.1	2.26	Buy
04/23/18	DMG & Partners	Capitamall Trust	2.1	2.1	Neutral	DDM
04/23/18	Kim Eng	Capitamall Trust	2.1	2.1	Hold
05/17/18	DMG & Partners	Capitamall Trust	2.08	2.1	Neutral
07/03/18	UOB Kay Hian	Capitamall Trust	2.02	2.13	Hold
07/06/18	DBS Vickers	Capitamall Trust	2.05	2.19	Buy
07/23/18	Phillip	Capitamall Trust	2.16	2.05	Neutral	DDM, PB1.03x FY18
07/23/18	DBS Vickers	Capitamall Trust	2.16	2.3	Buy
07/23/18	UOB Kay Hian	Capitamall Trust	2.16	2.02	Hold	DDM, Buy @ $1.84
07/23/18	Credit Suisse	Capitamall Trust	2.16	2.3	Outperform
07/23/18	OCBC	Capitamall Trust	2.16	2.1	Hold
07/23/18	CIMB	Capitamall Trust	2.16	2.21	Hold	DDM
07/23/18	Deutsche	Capitamall Trust	2.16	2.3	Buy	DDM & RNAV
08/28/18	CIMB	Capitamall Trust	2.17	2.21	Hold	DDM
08/28/18	UOB Kay Hian	Capitamall Trust	2.17	2.02	Hold	DDM, Buy @ $1.84
08/29/18	Phillip	Capitamall Trust	2.15	2.05	Neutral	DDM
08/30/18	DBS Vickers	Capitamall Trust	2.17	2.3	Buy
08/31/18	Lim & Tan	Capitamall Trust	2.15	0	Hold
09/11/18	DBS Vickers	Capitamall Trust	2.09	2.45	Buy

Stock calls for 14 September 2018

Date	Analyst	Company	Last	Target	Call	Valuation
09/14/18	OCBC	Capitaland	3.27	4.09	Buy
09/14/18	UOB Kay Hian	City Developments	8.63	12	Buy	RNAV (15% discount)
09/14/18	CIMB	Dairy Farm	9.1	9.55	Hold
09/14/18	DBS Vickers	Keppel Reit	1.16	1.41	Buy
09/14/18	CIMB	MM2 Asia	0.365	0.72	Add
09/14/18	CIMB	Sheng Siong	1.12	1.26	Add
09/14/18	CIMB	Silverlake	0.42	0.56	Add
09/14/18	DBS Vickers	ST Engineering	3.29	4.3	Buy
09/14/18	OCBC	ST Engineering	3.29	3.95	Buy
09/14/18	UOB Kay Hian	Sunningdale	1.35	1.7	Buy
09/14/18	DBS Vickers	Suntec Reit	1.85	2.3	Buy
09/14/18	CIMB	Thai Beverage	0.62	0.88	Add
09/14/18	UOB Kay Hian	Tianjin Zhongxin	0.915	1.59	Buy
09/14/18	OCBC	UOL	6.85	8.48	Buy
09/14/18	Lim & Tan	Venture	15.9	0	Buy on weakness
09/14/18	CIMB	Y Venture	0.275	0.56	Add

Look like the upcoming US-China trade talk will end with no deal again.

https://sg.finance.yahoo.com/news/china-not-surrender-u-demands-trade-talks-state-000707781--business.html

Both China and the USA have come out strongly about compromising in their trade negotiation in the upcoming trade talk.

Therefore, it looks like there won't be any trade deal soon and we're back to square one.

Trump is losing domestic support so fast that he cannot act tough towards China.

https://sg.finance.yahoo.com/news/u-invites-china-trade-talks-tariffs-loom-white-000038068--finance.html

The USA has invited China for another round of trade talk to de-escalate the trade tension created by the US in the first place.

Investors are pinning hopes on this round of trade talk and stock markets are up over this US trade invitation.

As long as the US doesn't understand that it cannot cower China into submission, no trade deal will come out of this upcoming trade talk.  Hopefully, the badly affected businessmen are able to persuade the USA to back down.

https://sg.finance.yahoo.com/news/us-companies-china-tariffs-hurting-014500585.html