Suntec Reit - Stock Calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	Suntec Reit	1.68	1.71	Hold	DCF
01/11/17	Kim Eng	Suntec Reit	1.72	1.77	Hold
01/25/17	OCBC	Suntec Reit	1.685	1.53	Sell
01/26/17	CIMB	Suntec Reit	1.695	1.55	Reduce	DDM
01/26/17	Credit Suisse	Suntec Reit	1.695	1.46	Underperform
01/26/17	DBS Vickers	Suntec Reit	1.695	1.75	Hold	DCF
01/26/17	DIR	Suntec Reit	1.695	1.46	Underperform	DDM
01/26/17	DMG & Partners	Suntec Reit	1.695	1.53	Neutral	DDM
01/26/17	OCBC	Suntec Reit	1.695	1.54	Hold	DDM
01/26/17	UOB Kay Hian	Suntec Reit	1.695	1.8	Hold	DDM
02/09/17	Credit Suisse	Suntec Reit	1.73	1.43	Underperform
02/17/17	JP Morgan	Suntec Reit	1.725	1.85	Neutral
02/28/17	Deutsche	Suntec Reit	1.71	1.6	Sell
03/07/17	UOB Kay Hian	Suntec Reit	1.74	1.8	Hold
03/10/17	DMG & Partners	Suntec Reit	1.73	1.53	Neutral
04/07/17	DMG & Partners	Suntec Reit	1.79	1.53	Neutral
04/11/17	UOB Kay Hian	Suntec Reit	1.79	1.8	Hold	DDM
04/18/17	DIR	Suntec Reit	1.75	1.46	Underperform
04/18/17	Kim Eng	Suntec Reit	1.75	1.76	Hold
04/27/17	DIR	Suntec Reit	1.755	1.5	Underperform	DDM
04/27/17	OCBC	Suntec Reit	1.755	1.68	Hold
05/25/17	Deutsche	Suntec Reit	1.8	1.7	Hold
05/25/17	UOB Kay Hian	Suntec Reit	1.8	1.9	Hold
06/22/17	Deutsche	Suntec Reit	1.84	1.7	Hold
07/11/17	Kim Eng	Suntec Reit	1.87	1.76	Hold
07/12/17	DMG & Partners	Suntec Reit	1.86	1.53	Neutral
07/26/17	UOB Kay Hian	Suntec Reit	1.93	1.9	Hold	DDM
07/27/17	CIMB	Suntec Reit	1.92	1.77	Reduce	DDM
07/27/17	DIR	Suntec Reit	1.92	1.63	Underperform	DDM
07/27/17	UOB Kay Hian	Suntec Reit	1.92	1.95	Hold	DDM
07/27/17	DMG & Partners	Suntec Reit	1.92	1.75	Neutral	DDM
07/27/17	OCBC	Suntec Reit	1.92	1.8	Hold
07/27/17	Kim Eng	Suntec Reit	1.92	1.8	Hold	Yield 5.5%
07/27/17	Religare	Suntec Reit	1.92	1.66	Hold
08/17/17	DBS Vickers	Suntec Reit	1.895	1.95	Hold	DCF
09/21/17	DMG & Partners	Suntec Reit	1.875	1.75	Neutral
09/25/17	Kim Eng	Suntec Reit	1.855	1.8	Hold
10/23/17	UOB Kay Hian	Suntec Reit	1.91	1.95	Hold
10/27/17	OCBC	Suntec Reit	1.93	1.8	Hold
10/30/17	UOB Kay Hian	Suntec Reit	1.93	2.05	Hold	DDM
10/30/17	CIMB	Suntec Reit	1.93	1.83	Reduce	DDM
10/30/17	DBS Vickers	Suntec Reit	1.93	1.95	Hold
11/20/17	DIR	Suntec Reit	1.97	1.63	Underperform	DDM
12/01/17	UOB Kay Hian	Suntec Reit	2.04	2.13	Hold
12/15/17	DBS Vickers	Suntec Reit	2.07	2.3	Buy	DCF
12/18/17	Kim Eng	Suntec Reit	2.12	1.89	Hold	Target yield 5.25%, Up from $1.84
01/04/18	Deutsche	Suntec Reit	2.14	2.05	Hold
01/05/18	DMG & Partners	Suntec Reit	2.17	1.75	Neutral
01/25/18	CIMB	Suntec Reit	2.15	2.17	Hold	DDM
01/25/18	DBS Vickers	Suntec Reit	2.15	2.3	Buy	DCF
01/25/18	OCBC	Suntec Reit	2.15	1.81	Sell
01/25/18	Kim Eng	Suntec Reit	2.15	1.91	Hold
01/26/18	UOB Kay Hian	Suntec Reit	2.14	2.13	Hold	DDM
02/20/18	DBS Vickers	Suntec Reit	1.97	2.3	Buy
04/25/18	DBS Vickers	Suntec Reit	1.9	2.3	Buy
04/25/18	OCBC	Suntec Reit	1.9	1.81	Sell
04/26/18	DMG & Partners	Suntec Reit	1.9	1.75	Neutral	DDM
04/26/18	UOB Kay Hian	Suntec Reit	1.9	2.13	Hold	DDM
04/26/18	OCBC	Suntec Reit	1.9	1.84	Sell
04/26/18	CIMB	Suntec Reit	1.9	2.12	Add	DDM
04/26/18	Kim Eng	Suntec Reit	1.9	1.94	Hold
05/08/18	DBS Vickers	Suntec Reit	1.92	2.3	Buy
05/17/18	DMG & Partners	Suntec Reit	1.83	1.75	Neutral
06/12/18	DBS Vickers	Suntec Reit	1.74	2.3	Buy
07/25/18	OCBC	Suntec Reit	1.89	1.84	Hold
07/26/18	CIMB	Suntec Reit	1.87	2.08	Add	DDM
07/26/18	UOB Kay Hian	Suntec Reit	1.87	2.01	Hold	DDM, Buy @ $1.83
07/26/18	DBS Vickers	Suntec Reit	1.87	2.3	Buy	DCF
08/02/18	DBS Vickers	Suntec Reit	1.87	2.3	Buy
08/02/18	Deutsche	Suntec Reit	1.87	2.1	Buy
09/14/18	DBS Vickers	Suntec Reit	1.85	2.3	Buy
09/25/18	Deutsche	Suntec Reit	1.85	2.1	Buy
10/10/18	CIMB	Suntec Reit	1.84	2.08	Add
10/16/18	DMG & Partners	Suntec Reit	1.78	1.9	Neutral	DDM
10/24/18	OCBC	Suntec Reit	1.81	1.84	Hold
10/25/18	CIMB	Suntec Reit	1.81	2.06	Add	DDM
10/25/18	UOB Kay Hian	Suntec Reit	1.81	2.01	Hold
10/25/18	DBS Vickers	Suntec Reit	1.81	2.3	Buy
10/25/18	OCBC	Suntec Reit	1.81	1.83	Hold
11/02/18	UOB Kay Hian	Suntec Reit	1.74	2.01	Hold

Sunpower - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/06/18	UOB Kay Hian	Sunpower	0.48	0.77	Buy	Sum of parts
06/06/18	Lim & Tan	Sunpower	0.48	0.95	Buy	Sum of parts
08/16/18	Lim & Tan	Sunpower	0.595	0.95	Buy	Sum of parts
11/12/18	Lim & Tan	Sunpower	0.41	0	Buy

Sunningdale - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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	PB1.374x FY18
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
04/03/18	DBS Vickers	Sunningdale	1.89	2.7	Buy
04/24/18	Lim & Tan	Sunningdale	1.73	0	Hold
04/25/18	UOB Kay Hian	Sunningdale	1.47	2	Buy	PER11.9x FY18
04/25/18	CIMB	Sunningdale	1.47	2.5	Add	PB1.23x FY18
04/25/18	DBS Vickers	Sunningdale	1.47	1.53	Hold	PER11x FY18
05/23/18	UOB Kay Hian	Sunningdale	1.27	2	Buy	PER11.9x FY18
05/25/18	CIMB	Sunningdale	1.28	2.5	Add	PB1.02x
06/04/18	UOB Kay Hian	Sunningdale	1.38	2	Buy
07/04/18	UOB Kay Hian	Sunningdale	1.29	2	Buy
08/08/18	Lim & Tan	Sunningdale	1.31	0	Buy
08/10/18	CIMB	Sunningdale	1.42	2.05	Add	PB1.02x FY18
09/14/18	UOB Kay Hian	Sunningdale	1.35	1.7	Buy
10/29/18	CIMB	Sunningdale	1.42	1.84	Add	PB0.92x
11/12/18	CIMB	Sunningdale	1.41	1.84	Add	PB0.92x
11/12/18	UOB Kay Hian	Sunningdale	1.41	1.5	Hold	PER10.6x FY19, Buy @ $1.25
11/12/18	Lim & Tan	Sunningdale	1.41	0	Buy

Stock calls for 10 December 2018

Date	Analyst	Company	Last	Target	Call	Valuation
12/10/18	DMG & Partners	Bumitama	0.635	0.6	Neutral	PER11x FY19
12/10/18	UOB Kay Hian	CapitaCommercial	1.77	2	Buy
12/10/18	UOB Kay Hian	Golden Agri	0.255	0.2	Sell
12/10/18	DMG & Partners	Japan Foods	0.455	0.48	Neutral
12/10/18	UOB Kay Hian	Japfa	0.755	0.98	Buy
12/10/18	OCBC	Netlink	0.765	0.9	Buy
12/10/18	UOB Kay Hian	Propnex	0.525	0.65	Buy
12/10/18	UOB Kay Hian	SATS	4.65	5.6	Buy
12/10/18	DMG & Partners	Sheng Siong	1.08	1.27	Buy
12/10/18	OCBC	Singtel	3.08	3.95	Buy
12/10/18	UOB Kay Hian	ST Engineering	3.47	4.06	Buy
12/10/18	DMG & Partners	Wilmar	3.15	3.58	Buy	Sum of parts

IMF: 2020 will be far worse than 2019 for US economic growth.

https://sg.finance.yahoo.com/news/top-imf-economist-predicts-sharper-224200472.html

Trump will have a major problem retaining his presidency in 2020.

The IMF has predicted that 2020 will be far worse than 2019 for the US economic growth.  If the US-China trade war is not settled by then, Trump will only be a one-term president and the Americans will suffer for these few years.

Canadian government officials are afraid to visit China now. Hahaha!

https://sg.finance.yahoo.com/news/latest-canada-ex-adviser-says-033157135.html

The trades between China and Canada are affected by the Huawei CFO's arrest.  The Canadian government officials are afraid to visit China for trade discussions and agreements.

Hahaha!  Canada has to face the repercussions such as economic slowdown and soured diplomatic ties.

The Japan economic growth is worse than expected.

https://sg.finance.yahoo.com/news/japan-economy-shrank-2-5-percent-annualized-rate-031708265.html

The official economic figure is worse than expected.  Japan's economy shrank 2.5% instead of 1.2%.

http://sg-stock.blogspot.com/2018/11/japan-economic-growth-is-slowing-down.html

The US-China trade war will cause Japan to dip into a recession because Japan is banning Huawei's products and China will retaliate against Japan.

China summoned Canada and US envoys for Huawei CFO's arrest.

https://sg.news.yahoo.com/china-canadas-detention-huawei-exec-013849178.html

Huawei is not ZTE in which the US can bully.

The Canadian PM had shot himself in the foot by arresting Huawei CFO without a valid reason.  The diplomatic ties amongst the 3 countries (US, China & Canada) will be in the doldrums for the short period.

The Canadian PM was stupid to be dragged into this issue because he had put himself in a dire strait.  There are only bad options for him to choose now.

If he continues to pursue the US's interest, Canada's economic growth will suffer and he can forget about the China-Canada FTA that he wants to sign.  If he revokes the arrest, he will offend the US and the US will retaliate with more tax impositions on Canada.  Furthermore, the new FTA (Mexico-US-Canada) may be in jeopardy if Canada revokes the arrest.

Can Canada forgo China's market by pursuing US's interest? I don't think so!

The Canadian PM should stay out of this issue in the first place but he didn't.  He has to pay a big price now because he has only bad options to choose.

French President Macron may be forced to step down.

https://sg.finance.yahoo.com/news/paris-cleans-latest-riot-pressure-builds-macron-081403732--finance.html

The France economy is faltering, prices are rising and the people are out of jobs.  Macron will find it difficult to handle all these economic issues because of increasing protectionism.

The yellow vest protest is just a beginning as other protests, not pertaining to the fuel tax, are developing.  Macron has to develop a cordial relationship with China if he wants to address the economic issues he is facing.

If Macron continues to be influenced by Trump and goes against China, he will be dethroned by his own people in the end.  He will get a disgraceful downfall.

US top business executives are afraid to travel to China now. Hahaha!

https://finance.yahoo.com/news/huawei-arrest-stokes-fears-china-112905042.html

The US top business executives are afraid to travel to China now after seeing Huawei CFO's arrest in Canada.

Why are those US top business executives so afraid if they're innocent?  This means that they think Huawei CFO is also innocent as she is arrested in Canada due to political reason.

Baltic dry index - 1372

Today, Friday, December 7 2018, the Baltic Dry Index climbed by 33 points, reaching 1372 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 - 1075

The U.S. dropped 10 oil rigs this week, according to weekly data compiled by Baker Hughes, a GE Company (BHGE).

This week’s drop marks the biggest weekly decline since May 2016.

The nation’s gas rig count, however, increased by nine this week.

The Permian Basin, which accounts for more than half of the U.S. oil rigs, lost four rigs this week. Several other basins had a decline in rigs as well: the Ardmore Woodford, DJ-Niobrara, Haynesville, Mississippian and Utica all lost one rig this week.

The Cana Woodford added two rigs this week, while the Eagle Ford and Marcellus added one rig apiece.

This week’s overall rig count in the United States is 1,075 – up one from last week.

BHGE reported Friday that the average U.S. rig count for November 2018 was 1,077 – which is 15 higher than what it was in October 2018 and 166 more than the 911 count one year ago (November 2017).

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

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

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

Starhub - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
02/06/17	Citibank	Starhub	3	2.25	Sell
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
04/05/17	Citibank	Starhub	2.88	2.14	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
08/22/17	Citibank	Starhub	2.59	2.86	Buy
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
11/03/17	Citibank	Starhub	2.64	3	Buy
11/06/17	DBS Vickers	Starhub	2.72	2.2	Fully Valued	DCF
12/20/17	CIMB	Starhub	2.88	2.5	Hold
12/20/17	Citibank	Starhub	2.88	3	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
02/15/18	Citibank	Starhub	2.86	2.3	Sell
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
03/20/18	UOB Kay Hian	Starhub	2.43	2.25	Sell
04/03/18	Kim Eng	Starhub	2.33	2.27	Hold
04/10/18	OCBC	Starhub	2.28	2.2	Hold
04/10/18	UOB Kay Hian	Starhub	2.28	2.25	Sell
04/10/18	Citibank	Starhub	2.28	2.3	Hold
05/04/18	UOB Kay Hian	Starhub	2.31	2.25	Sell	DCF
05/04/18	Kim Eng	Starhub	2.31	2.27	Hold	DCF
05/04/18	DMG & Partners	Starhub	2.31	2.5	Neutral	DCF
05/04/18	OCBC	Starhub	2.31	2.2	Hold
05/07/18	CIMB	Starhub	2.29	2.4	Hold	DCF
05/07/18	DBS Vickers	Starhub	2.29	2.05	Fully Valued	DCF
06/12/18	UOB Kay Hian	Starhub	1.84	1.98	Hold	DCF
06/12/18	Citibank	Starhub	1.84	2	Hold
06/27/18	DMG & Partners	Starhub	1.73	1.9	Neutral	DCF
06/27/18	DBS Vickers	Starhub	1.73	1.42	Hold	EV/Ebitda5.6x
07/03/18	UOB Kay Hian	Starhub	1.64	1.98	Hold
07/09/18	Kim Eng	Starhub	1.7	1.96	Buy	DCF
08/08/18	UOB Kay Hian	Starhub	1.69	1.92	Hold	DCF, Buy @ $1.65
08/08/18	DBS Vickers	Starhub	1.69	1.42	Hold	EV/Ebitda5.6x
08/08/18	DMG & Partners	Starhub	1.69	1.78	Neutral	DCF
08/08/18	OCBC	Starhub	1.69	1.65	Hold
08/08/18	Citibank	Starhub	1.69	1.55	Hold
08/15/18	CIMB	Starhub	1.65	1.85	Add	DCF
08/20/18	UOB Kay Hian	Starhub	1.66	1.82	Hold	DCF, Buy @ $1.64
09/06/18	Kim Eng	Starhub	1.61	1.96	Buy	DCF
09/06/18	UOB Kay Hian	Starhub	1.61	1.85	Hold	DCF
09/06/18	CIMB	Starhub	1.61	1.85	Add	DCF
09/06/18	DBS Vickers	Starhub	1.61	1.42	Hold	EV/Ebitda5.6x
09/06/18	DMG & Partners	Starhub	1.61	1.78	Neutral	DCF
09/25/18	UOB Kay Hian	Starhub	1.71	1.92	Buy	DCF
09/28/18	Citibank	Starhub	1.88	1.55	Sell
10/01/18	UOB Kay Hian	Starhub	1.87	2.1	Buy	DCF
10/04/18	DMG & Partners	Starhub	1.87	1.78	Neutral
10/04/18	OCBC	Starhub	1.87	1.65	Hold
10/04/18	CIMB	Starhub	1.87	2	Add	DCF
10/04/18	DBS Vickers	Starhub	1.87	2.45	Buy	DCF
10/05/18	Kim Eng	Starhub	1.95	2.21	Buy	DCF
10/19/18	UOB Kay Hian	Starhub	1.96	2.3	Buy	DCF
11/02/18	DBS Vickers	Starhub	1.98	2.45	Buy	DCF
11/07/18	CIMB	Starhub	1.96	2	Hold	DCF
11/07/18	Kim Eng	Starhub	1.96	2.21	Buy	DCF
11/12/18	UOB Kay Hian	Starhub	1.94	2.3	Buy	DCF
11/12/18	DMG & Partners	Starhub	1.94	1.9	Neutral	DCF
11/12/18	OCBC	Starhub	1.94	1.92	Hold

Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
03/19/18	DBS Vickers	Starhill	0.725	0.82	Buy
04/27/18	OCBC	Starhill	0.72	0.77	Hold
04/27/18	Kim Eng	Starhill	0.72	0.7	Sell
05/17/18	DMG & Partners	Starhill	0.685	0.81	Neutral
06/19/18	OCBC	Starhill	0.66	0.65	Hold
07/30/18	Kim Eng	Starhill	0.685	0.65	Hold	DDM
07/30/18	OCBC	Starhill	0.685	0.65	Hold
07/31/18	CIMB	Starhill	0.685	0.69	Hold	DDM
08/17/18	OCBC	Starhill	0.675	0.74	Buy
10/16/18	DMG & Partners	Starhill	0.67	0.8	Buy	DDM
10/31/18	OCBC	Starhill	0.665	0.71	Buy
11/01/18	CIMB	Starhill	0.67	0.74	Add	DDM
11/20/18	DMG & Partners	Starhill	0.665	0.8	Buy

Stock calls for 7 December 2018

Date	Analyst	Company	Last	Target	Call	Valuation
12/07/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.34	1.5	Buy	DCF
12/07/18	DBS Vickers	Capitamall Trust	2.26	2.44	Buy
12/07/18	Lim & Tan	City Developments	8.65	0	Buy
12/07/18	UOB Kay Hian	Guocoland	1.75	2.8	Buy
12/07/18	UOB Kay Hian	Ho Bee	2.41	2.79	Buy	RNAV (30% discount)
12/07/18	DBS Vickers	Keppel KBS	0.56	0.78	Buy	DCF
12/07/18	DBS Vickers	Mapletree Logistics	1.28	1.5	Buy
12/07/18	UOB Kay Hian	Oxley	0.295	0.64	Buy
12/07/18	Lim & Tan	UOL	6.23	0	Buy
12/07/18	UOB Kay Hian	Wing Tai	1.96	2.45	Buy

China is winning the trade tariff war against the US.

https://www.marketwatch.com/story/us-trade-deficit-climbs-to-10-year-high-despite-tariffs-tough-trump-stance-2018-12-06

The US trade deficit is rising against China to US$55.5b.  What does this show?

This means that China tariffs against the US are more effective than the US's tariffs against China because the US's exports to China are declining more than its imports from China.  Furthermore, the US employee's layoffs are increasing because of the trade war.

The US tariffs are hurting the US more than China. Therefore, the longer is the trade war, the more the US consumers will suffer.

Travel alert to Kuala Lumpur

https://sg.finance.yahoo.com/news/singaporeans-advised-defer-non-essential-042346184.html

Singapore has issued a travel alert to KL.  Please refrain from travelling to KL for tomorrow.

Cryptocurrency like bitcoin is beginning to wind down.

https://finance.yahoo.com/news/why-bitcoin-virtually-worthless-finance-165126365.html

Bitcoin drops to US$3,500 after our postings.

http://sg-stock.blogspot.com/2018/12/a-dead-cat-bounce-for-bitcoin-part-2.html

Many investors are dumping cryptos such as bitcoin after getting educated by our posts.