| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/15/19 | Amfrasers | Accordia Golf Trust | 0.55 | 0.61 | Hold | |
| 01/15/19 | DBS Vickers | Capitaland | 3.27 | 3.62 | Buy | |
| 01/15/19 | Phillip | Capitaland | 3.27 | 4 | Accumulate | RNAV (20% discount), PB0.75x FY18 |
| 01/15/19 | CIMB | CSE Global | 0.405 | 0.56 | Add | PER13.5x FY20 |
| 01/15/19 | CIMB | Fu Yu | 0.2 | 0.2 | Hold | PB0.9x |
| 01/15/19 | Kim Eng | Genting | 1.03 | 1.26 | Buy | EV/Ebitda9x FY19 |
| 01/15/19 | Amfrasers | IFS Capital | 0.225 | 0.29 | Buy | PB0.7x FY18 |
| 01/15/19 | DBS Vickers | Netlink | 0.77 | 0.87 | Buy | DCF |
| 01/15/19 | UOB Kay Hian | Sembcorp Industries | 2.63 | 3.2 | Buy | Sum of parts |
| 01/15/19 | DBS Vickers | Singtel | 3.05 | 3.59 | Buy | Sum of parts |
| 01/15/19 | OCBC | SPH | 2.47 | 2.55 | Hold | |
| 01/15/19 | DBS Vickers | Starhub | 1.77 | 2.45 | Buy | DCF |
Tuesday, January 15, 2019
Stock calls for 15 January 2019
SG-JB MRT will be postponed!
http://www.asiaone.com/singapore/parliament-rts-link-project-not-progressing-well-opening-likely-be-delayed-beyond-2024
After the SG-KL HSR postponement, the SG-JB MRT will be delayed because the relationship between the 2 nations has turned south after Mahathir became the PM.
Look like Mahathir is skinning SG via the sky, land and sea.
After the SG-KL HSR postponement, the SG-JB MRT will be delayed because the relationship between the 2 nations has turned south after Mahathir became the PM.
Look like Mahathir is skinning SG via the sky, land and sea.
Simmering anti-Malaysia sentiment is rearing its head now.
http://www.asiaone.com/malaysia/singaporeans-cancel-cny-shopping-trips-johor
Mahathir thought there wasn't any price to be paid for being anti-SG because SG was a red dot in his eyes and he could skin SG in many ways.
However, we can also retaliate in our own ways. We can cut our spendings in Malaysia and also get cozy with China so that China will reduce its investment in Malaysia.
http://sg-stock.blogspot.com/2019/01/singapore-seeks-closer-sg-sino-ties.html
The downfall of the Malacca Gateway will be a piece of good news for SG.
Mahathir thought there wasn't any price to be paid for being anti-SG because SG was a red dot in his eyes and he could skin SG in many ways.
However, we can also retaliate in our own ways. We can cut our spendings in Malaysia and also get cozy with China so that China will reduce its investment in Malaysia.
http://sg-stock.blogspot.com/2019/01/singapore-seeks-closer-sg-sino-ties.html
The downfall of the Malacca Gateway will be a piece of good news for SG.
Monday, January 14, 2019
Cryptocurrency roundup.
2019 will be a bad year for cryptos because more people will get educated about the cryptos including ICOs. Consequently, many ICOs will be declared as scams in 2019 as many of them won't be able to materialize as what's stipulated on their whitepapers. Therefore, many ICO investors will try to salvage whatever values are left on their ICOs and this doesn't bode well for the crypto markets.
The cryptos including bitcoin have not been able to rise above the price levels on the day we publicized our financial analysis below.
https://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html
The bitcoin is down to around US$3500 today from US$4500 on our publication date. When a product is developed with a flawed structural design and bad economics, it is doomed to fail eventually. Crypto is such a product and the feared outcome will happen. It is a matter of when, not if.
The cryptos including bitcoin have not been able to rise above the price levels on the day we publicized our financial analysis below.
https://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html
The bitcoin is down to around US$3500 today from US$4500 on our publication date. When a product is developed with a flawed structural design and bad economics, it is doomed to fail eventually. Crypto is such a product and the feared outcome will happen. It is a matter of when, not if.
North America and Europe will slip into recessions faster than Asia.
https://sg.finance.yahoo.com/news/chinese-fdi-north-america-europe-falls-73-percent-001555773--business.html
Without FDI growth, North America and Europe will slip into recessions faster than Asia. Why?
Let's look at the tabulation of GDP.
GDP = G + I + C + Net export(X-M)
FDI is I under the GDP tabulation formula and GDP will be affected if there is little or no FDI. Since China is importing much lesser now, many countries net exports will be affected. North America and Europe don't have the deep coffers for fiscal stimulus which is under G. The consumer spendings (C) are also not great in North America and Europe because many people in these countries don't have high spending powers. Just look at the unemployment rates and yellow vest protests and you will know what I mean. Furthermore, the US is forcing many countries to buy US goods and reducing their exports to the US.
Without FDI growth, North America and Europe will slip into recessions faster than Asia. Why?
Let's look at the tabulation of GDP.
GDP = G + I + C + Net export(X-M)
FDI is I under the GDP tabulation formula and GDP will be affected if there is little or no FDI. Since China is importing much lesser now, many countries net exports will be affected. North America and Europe don't have the deep coffers for fiscal stimulus which is under G. The consumer spendings (C) are also not great in North America and Europe because many people in these countries don't have high spending powers. Just look at the unemployment rates and yellow vest protests and you will know what I mean. Furthermore, the US is forcing many countries to buy US goods and reducing their exports to the US.
Singapore has acknowledged that SG-MY relation will turn south.
https://sg.news.yahoo.com/singapore-says-malaysia-ties-downward-spiral-hopes-amicable-060959548.html
We've just stated this recently and our government is seeking a cozy relationship with China as our backup.
http://sg-stock.blogspot.com/2019/01/singapore-seeks-closer-sg-sino-ties.
We've just stated this recently and our government is seeking a cozy relationship with China as our backup.
http://sg-stock.blogspot.com/2019/01/singapore-seeks-closer-sg-sino-ties.
CEI - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/12/18 | CIMB | CEI | 1 | 1.02 | Hold | PER10.48x |
CDL Hospitality - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 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 | |
| 09/17/18 | Kim Eng | CDL Hospitality | 1.56 | 1.8 | Buy | DDM |
| 10/03/18 | UOB Kay Hian | CDL Hospitality | 1.61 | 1.86 | Buy | |
| 10/04/18 | CIMB | CDL Hospitality | 1.61 | 1.7 | Add | |
| 10/16/18 | DMG & Partners | CDL Hospitality | 1.53 | 1.8 | Buy | DDM |
| 11/01/18 | OCBC | CDL Hospitality | 1.45 | 1.45 | Hold | |
| 11/01/18 | DMG & Partners | CDL Hospitality | 1.45 | 1.8 | Buy | DDM |
| 11/01/18 | UOB Kay Hian | CDL Hospitality | 1.45 | 1.83 | Buy | DDM |
| 11/01/18 | CIMB | CDL Hospitality | 1.45 | 1.61 | Add | DDM |
| 11/02/18 | DBS Vickers | CDL Hospitality | 1.44 | 1.85 | Buy | DCF |
| 11/30/18 | CIMB | CDL Hospitality | 1.49 | 1.63 | Add | DDM |
| 12/11/18 | DMG & Partners | CDL Hospitality | 1.52 | 1.8 | Buy | |
| 12/21/18 | CIMB | CDL Hospitality | 1.51 | 1.63 | Add | |
| 01/02/19 | DMG & Partners | CDL Hospitality | 1.46 | 1.8 | Buy | |
| 01/02/19 | CIMB | CDL Hospitality | 1.46 | 1.63 | Add |
CapitaRetail China - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 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 | |
| 10/17/18 | Phillip | CapitaRetail China | 1.4 | 1.66 | Accumulate | |
| 10/31/18 | DBS Vickers | CapitaRetail China | 1.36 | 1.63 | Buy | DCF |
| 11/01/18 | OCBC | CapitaRetail China | 1.37 | 1.39 | Hold | |
| 11/21/18 | Phillip | CapitaRetail China | 1.35 | 1.66 | Accumulate |
Stock calls for 14 January 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/14/19 | UOB Kay Hian | CapitaCommercial | 1.82 | 2.11 | Buy | DDM |
| 01/14/19 | DMG & Partners | M1 | 2.07 | 2.06 | Neutral | |
| 01/14/19 | DMG & Partners | Singtel | 3.05 | 3.22 | Neutral | |
| 01/14/19 | CIMB | SPH | 2.49 | 2.64 | Hold | Sum of parts |
| 01/14/19 | Lim & Tan | SPH | 2.49 | 0 | Hold | |
| 01/14/19 | DMG & Partners | Starhub | 1.77 | 1.9 | Neutral |
Deflation will start in Asia soon!
https://sg.finance.yahoo.com/news/wrapup-1-chinas-exports-shrink-040900878.html
China's imports are declining at a rapid pace which doesn't bode well for Asia because China and US will dump goods in Asia at cheaper prices to clear the stocks. Therefore, Asia can expect some deflation soon. The weak import figure in China is also showing weak consumer spending which will impact Asia countries that are exporting to China. Thus, Asia economies will be impacted by this.
China's export figure shows that the US has a problem weaning off China goods which supports the huge US trade deficit because US citizens don't have enough savings or strong purchasing powers to get more expensive alternatives.
In conclusion, Asia won't have fantastic economic growth in 2019.
China's imports are declining at a rapid pace which doesn't bode well for Asia because China and US will dump goods in Asia at cheaper prices to clear the stocks. Therefore, Asia can expect some deflation soon. The weak import figure in China is also showing weak consumer spending which will impact Asia countries that are exporting to China. Thus, Asia economies will be impacted by this.
China's export figure shows that the US has a problem weaning off China goods which supports the huge US trade deficit because US citizens don't have enough savings or strong purchasing powers to get more expensive alternatives.
In conclusion, Asia won't have fantastic economic growth in 2019.
Saturday, January 12, 2019
Canada is giving a ridiculous defence.
https://sg.finance.yahoo.com/news/trudeau-says-china-not-respecting-225311669.html
How can an ex-diplomat have diplomatic immunity? This is another event to show that Canada is not a rule of law country.
Diplomatic immunity doesn't last for life and is also not an entitlement when the person is not on official duty.
If a diplomat drives and kills a pedestrian after drinking in a pub with his friends, he is not protected by diplomatic immunity.
https://www.straitstimes.com/world/europe/timeline-of-the-hit-and-run-case-involving-former-romanian-diplomat-silviu-ionescu
If not, any diplomat can kill and rape in another country without any regard for the law.
How can an ex-diplomat have diplomatic immunity? This is another event to show that Canada is not a rule of law country.
Diplomatic immunity doesn't last for life and is also not an entitlement when the person is not on official duty.
If a diplomat drives and kills a pedestrian after drinking in a pub with his friends, he is not protected by diplomatic immunity.
https://www.straitstimes.com/world/europe/timeline-of-the-hit-and-run-case-involving-former-romanian-diplomat-silviu-ionescu
If not, any diplomat can kill and rape in another country without any regard for the law.
Baltic dry index - 1169
Today, Friday , January 11 2019, the Baltic Dry Index decreased by 20 points, reaching 1169 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
Nationally, the oil and gas rig count is unchanged from last week at 1,075 rigs. A year ago, 939 rigs were active. The count shows that 873 rigs sought oil, down four from the previous week, and 202 explored for natural gas, up four from the previous week.The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Friday, January 11, 2019
Capitamall Trust - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 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 | |
| 09/25/18 | Deutsche | Capitamall Trust | 2.13 | 2.3 | Buy | |
| 10/01/18 | CIMB | Capitamall Trust | 2.22 | 2.21 | Hold | DDM |
| 10/01/18 | OCBC | Capitamall Trust | 2.22 | 2.1 | Hold | |
| 10/16/18 | DMG & Partners | Capitamall Trust | 2.09 | 2.14 | Neutral | DDM |
| 10/17/18 | Phillip | Capitamall Trust | 2.11 | 2.05 | Neutral | |
| 10/25/18 | UOB Kay Hian | Capitamall Trust | 2.14 | 2.02 | Hold | |
| 10/26/18 | DBS Vickers | Capitamall Trust | 2.17 | 2.45 | Buy | |
| 10/26/18 | Phillip | Capitamall Trust | 2.17 | 2.09 | Neutral | DDM, PB0.99x FY18 |
| 10/26/18 | OCBC | Capitamall Trust | 2.17 | 2.12 | Hold | |
| 10/29/18 | Kim Eng | Capitamall Trust | 2.11 | 2.15 | Hold | |
| 11/16/18 | CIMB | Capitamall Trust | 2.13 | 2.28 | Add | DDM |
| 11/21/18 | Phillip | Capitamall Trust | 2.2 | 2.09 | Neutral | |
| 11/29/18 | Kim Eng | Capitamall Trust | 2.24 | 2.2 | Hold | DDM |
| 11/30/18 | CIMB | Capitamall Trust | 2.26 | 2.29 | Add | |
| 12/07/18 | DBS Vickers | Capitamall Trust | 2.26 | 2.44 | Buy | |
| 12/11/18 | DMG & Partners | Capitamall Trust | 2.24 | 2.14 | Neutral |
Capitaland - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/03/18 | Deutsche | Capitaland | 3.55 | 4.6 | Buy | |
| 01/04/18 | Deutsche | Capitaland | 3.61 | 4.3 | Buy | |
| 01/05/18 | OCBC | Capitaland | 3.66 | 4.13 | Buy | |
| 01/05/18 | Lim & Tan | Capitaland | 3.66 | 0 | Buy | |
| 01/08/18 | DBS Vickers | Capitaland | 3.65 | 4.35 | Buy | RNAV (10% discount) |
| 01/08/18 | CIMB | Capitaland | 3.65 | 4.25 | Add | RNAV (20% discount) |
| 01/08/18 | UOB Kay Hian | Capitaland | 3.65 | 4.3 | Buy | RNAV (15% discount) |
| 01/08/18 | DMG & Partners | Capitaland | 3.65 | 4.2 | Buy | RNAV (15% discount) |
| 01/17/18 | Macquarie | Capitaland | 3.8 | 4.5 | Outperform | RNAV (20% discount) |
| 02/13/18 | Lim & Tan | Capitaland | 3.47 | 0 | Buy | |
| 02/14/18 | OCBC | Capitaland | 3.52 | 4.26 | Buy | |
| 02/14/18 | UOB Kay Hian | Capitaland | 3.52 | 4.3 | Buy | RNAV (15% discount) |
| 02/14/18 | Kim Eng | Capitaland | 3.52 | 4.1 | Buy | RNAV (25% discount) |
| 02/14/18 | CIMB | Capitaland | 3.52 | 4.34 | Add | RNAV (20% discount) |
| 02/14/18 | DMG & Partners | Capitaland | 3.52 | 4.2 | Buy | RNAV (15% discount) |
| 02/15/18 | Credit Suisse | Capitaland | 3.53 | 3.9 | Neutral | |
| 02/15/18 | DBS Vickers | Capitaland | 3.53 | 4.35 | Buy | RNAV (10% discount) |
| 02/19/18 | Phillip | Capitaland | 3.57 | 4.19 | Accumulate | RNAV (20% discount) |
| 02/20/18 | DMG & Partners | Capitaland | 3.63 | 4.2 | Buy | |
| 03/05/18 | UOB Kay Hian | Capitaland | 3.59 | 4.3 | Buy | |
| 03/12/18 | OCBC | Capitaland | 3.6 | 4.26 | Buy | |
| 03/20/18 | Kim Eng | Capitaland | 3.67 | 4.1 | Buy | |
| 03/21/18 | DIR | Capitaland | 3.68 | 4.1 | Outperform | RNAV (20% discount), Up from $4 |
| 04/03/18 | OCBC | Capitaland | 3.62 | 4.26 | Buy | |
| 04/03/18 | DBS Vickers | Capitaland | 3.62 | 4.35 | Buy | |
| 04/10/18 | DMG & Partners | Capitaland | 3.61 | 4.2 | Buy | RNAV (15% discount) |
| 04/10/18 | Lim & Tan | Capitaland | 3.61 | 0 | Buy | |
| 04/11/18 | Kim Eng | Capitaland | 3.63 | 4.1 | Buy | |
| 05/02/18 | DBS Vickers | Capitaland | 3.76 | 4.35 | Buy | |
| 05/02/18 | OCBC | Capitaland | 3.76 | 4.26 | Buy | RNAV |
| 05/02/18 | DMG & Partners | Capitaland | 3.76 | 4.2 | Buy | RNAV (15% discount) |
| 05/02/18 | UOB Kay Hian | Capitaland | 3.76 | 4.3 | Buy | RNAV (15% discount) |
| 05/02/18 | DIR | Capitaland | 3.76 | 4.1 | Outperform | RNAV (20% discount) |
| 05/02/18 | CIMB | Capitaland | 3.76 | 4.37 | Add | RNAV (20% discount) |
| 05/02/18 | Kim Eng | Capitaland | 3.76 | 4.1 | Buy | |
| 05/03/18 | Phillip | Capitaland | 3.76 | 4.19 | Accumulate | RNAV (20% discount) |
| 06/06/18 | UOB Kay Hian | Capitaland | 3.54 | 4.3 | Buy | |
| 06/11/18 | Lim & Tan | Capitaland | 3.5 | 0 | Buy | |
| 06/20/18 | Kim Eng | Capitaland | 3.31 | 4.1 | Buy | |
| 06/26/18 | OCBC | Capitaland | 3.18 | 4.26 | Buy | |
| 06/26/18 | CIMB | Capitaland | 3.18 | 3.55 | Add | |
| 06/28/18 | DBS Vickers | Capitaland | 3.13 | 4.35 | Buy | |
| 06/28/18 | DMG & Partners | Capitaland | 3.13 | 4.25 | Buy | RNAV (15% discount) |
| 07/03/18 | UOB Kay Hian | Capitaland | 3.14 | 4.3 | Buy | |
| 07/06/18 | Kim Eng | Capitaland | 3.18 | 4.1 | Buy | |
| 07/09/18 | Phillip | Capitaland | 2.99 | 4.19 | Accumulate | |
| 07/09/18 | DBS Vickers | Capitaland | 2.99 | 3.62 | Buy | RNAV (25% discount) |
| 07/09/18 | Kim Eng | Capitaland | 2.99 | 3.8 | Buy | |
| 07/23/18 | DMG & Partners | Capitaland | 3.19 | 3.95 | Buy | RNAV (20% discount) |
| 08/08/18 | Macquarie | Capitaland | 3.26 | 4.32 | Outperform | |
| 08/10/18 | Kim Eng | Capitaland | 3.3 | 3.8 | Buy | |
| 08/10/18 | UOB Kay Hian | Capitaland | 3.3 | 3.78 | Buy | RNAV (20% discount) |
| 08/10/18 | CIMB | Capitaland | 3.3 | 3.55 | Add | RNAV (35% discount) |
| 08/10/18 | OCBC | Capitaland | 3.3 | 4.09 | Buy | |
| 08/13/18 | DBS Vickers | Capitaland | 3.31 | 3.62 | Buy | RNAV (25% discount) |
| 08/16/18 | DMG & Partners | Capitaland | 3.31 | 3.95 | Buy | |
| 08/17/18 | Lim & Tan | Capitaland | 3.32 | 0 | Buy | |
| 08/23/18 | DMG & Partners | Capitaland | 3.34 | 4 | Buy | RNAV (20% discount) |
| 09/04/18 | Lim & Tan | Capitaland | 3.42 | 0 | Buy | |
| 09/06/18 | Kim Eng | Capitaland | 3.35 | 3.8 | Buy | RNAV (30% discount) |
| 09/11/18 | DMG & Partners | Capitaland | 3.29 | 4 | Buy | RNAV (20% discount) |
| 09/13/18 | Macquarie | Capitaland | 3.26 | 4.32 | Outperform | RNAV |
| 09/14/18 | OCBC | Capitaland | 3.27 | 4.09 | Buy | |
| 09/19/18 | UOB Kay Hian | Capitaland | 3.27 | 3.78 | Buy | RNAV (20% discount) |
| 09/19/18 | DBS Vickers | Capitaland | 3.27 | 3.62 | Buy | |
| 09/19/18 | CIMB | Capitaland | 3.27 | 3.55 | Add | RNAV (35% discount) |
| 09/25/18 | Deutsche | Capitaland | 3.36 | 4.3 | Buy | |
| 10/02/18 | DMG & Partners | Capitaland | 3.36 | 4 | Neutral | |
| 10/05/18 | DMG & Partners | Capitaland | 3.31 | 4 | Buy | |
| 11/08/18 | UOB Kay Hian | Capitaland | 3.14 | 3.78 | Buy | RNAV (20% discount) |
| 11/14/18 | OCBC | Capitaland | 3.08 | 4.09 | Buy | |
| 11/15/18 | OCBC | Capitaland | 3.08 | 3.96 | Buy | RNAV (20% discount) |
| 11/15/18 | DBS Vickers | Capitaland | 3.08 | 3.62 | Buy | RNAV (25% discount) |
| 11/15/18 | DMG & Partners | Capitaland | 3.08 | 4 | Buy | RNAV (20% discount) |
| 11/15/18 | CIMB | Capitaland | 3.08 | 3.55 | Add | RNAV (35% discount) |
| 11/19/18 | Phillip | Capitaland | 3.13 | 4 | Accumulate | RNAV (20% discount) |
| 11/20/18 | Lim & Tan | Capitaland | 3.14 | 0 | Buy | |
| 12/03/18 | UOB Kay Hian | Capitaland | 3.12 | 4.4 | Buy | RNAV (20% discount) |
| 12/05/18 | OCBC | Capitaland | 3.22 | 3.96 | Buy | |
| 12/14/18 | DMG & Partners | Capitaland | 3.17 | 4 | Buy | |
| 01/02/19 | DMG & Partners | Capitaland | 3.11 | 4 | Buy | |
| 01/03/19 | OCBC | Capitaland | 3.07 | 3.96 | Buy | |
| 01/07/19 | CIMB | Capitaland | 3.06 | 3.55 | Add | RNAV (35% discount) |
Capital World - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 10/31/18 | Tayrona | Capital World | 0.037 | 0.147 | Overweight | Sum of parts |
Capitacommercial - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/04/18 | Deutsche | CapitaCommercial | 1.99 | 1.85 | Hold | |
| 01/05/18 | DMG & Partners | CapitaCommercial | 2.03 | 1.6 | Take Profit | |
| 01/19/18 | UOB Kay Hian | CapitaCommercial | 1.92 | 2.09 | Buy | |
| 01/25/18 | Lim & Tan | CapitaCommercial | 1.91 | 0 | Hold | |
| 01/26/18 | Kim Eng | CapitaCommercial | 1.9 | 1.8 | Hold | |
| 01/26/18 | DMG & Partners | CapitaCommercial | 1.9 | 1.63 | Sell | DDM |
| 01/26/18 | OCBC | CapitaCommercial | 1.9 | 1.84 | Hold | |
| 01/26/18 | DBS Vickers | CapitaCommercial | 1.9 | 2.1 | Buy | DCF |
| 01/26/18 | CIMB | CapitaCommercial | 1.9 | 1.84 | Hold | |
| 01/29/18 | Phillip | CapitaCommercial | 1.92 | 1.8 | Neutral | DDM |
| 02/13/18 | UOB Kay Hian | CapitaCommercial | 1.72 | 2.09 | Buy | |
| 02/14/18 | Deutsche | CapitaCommercial | 1.74 | 1.9 | Buy | |
| 02/20/18 | DBS Vickers | CapitaCommercial | 1.78 | 2.1 | Buy | |
| 03/05/18 | UOB Kay Hian | CapitaCommercial | 1.72 | 2.09 | Buy | |
| 03/06/18 | UOB Kay Hian | CapitaCommercial | 1.7 | 1.91 | Buy | |
| 03/14/18 | Lim & Tan | CapitaCommercial | 1.77 | 0 | Buy | |
| 04/13/18 | DBS Vickers | CapitaCommercial | 1.83 | 2.1 | Buy | DCF |
| 04/24/18 | UOB Kay Hian | CapitaCommercial | 1.82 | 2.09 | Buy | DDM |
| 04/24/18 | OCBC | CapitaCommercial | 1.82 | 1.84 | Hold | |
| 04/24/18 | Lim & Tan | CapitaCommercial | 1.82 | 0 | Buy | |
| 04/25/18 | Phillip | CapitaCommercial | 1.8 | 1.88 | Accumulate | DDM |
| 04/25/18 | DMG & Partners | CapitaCommercial | 1.8 | 1.63 | Sell | DDM |
| 04/25/18 | CIMB | CapitaCommercial | 1.8 | 1.93 | Hold | DDM |
| 05/02/18 | UOB Kay Hian | CapitaCommercial | 1.82 | 2.09 | Buy | DDM |
| 05/08/18 | DBS Vickers | CapitaCommercial | 1.79 | 2.1 | Buy | |
| 05/17/18 | DMG & Partners | CapitaCommercial | 1.72 | 1.63 | Sell | |
| 05/17/18 | OCBC | CapitaCommercial | 1.72 | 1.84 | Hold | |
| 05/18/18 | DMG & Partners | CapitaCommercial | 1.72 | 1.65 | Neutral | DDM |
| 05/18/18 | CIMB | CapitaCommercial | 1.72 | 1.94 | Add | DDM |
| 06/04/18 | UOB Kay Hian | CapitaCommercial | 1.69 | 2.09 | Buy | |
| 06/12/18 | DBS Vickers | CapitaCommercial | 1.7 | 2.1 | Buy | |
| 06/22/18 | UOB Kay Hian | CapitaCommercial | 1.64 | 2.11 | Buy | DDM |
| 06/26/18 | DBS Vickers | CapitaCommercial | 1.64 | 2.12 | Buy | DCF |
| 06/26/18 | Lim & Tan | CapitaCommercial | 1.64 | 0 | Buy | |
| 07/02/18 | Phillip | CapitaCommercial | 1.66 | 1.88 | Accumulate | DDM, PB0.97x |
| 07/02/18 | CIMB | CapitaCommercial | 1.66 | 1.9 | Add | DDM |
| 07/02/18 | OCBC | CapitaCommercial | 1.66 | 1.84 | Hold | |
| 07/02/18 | DBS Vickers | CapitaCommercial | 1.66 | 2.12 | Buy | DCF |
| 07/03/18 | UOB Kay Hian | CapitaCommercial | 1.63 | 2.11 | Buy | |
| 07/13/18 | Lim & Tan | CapitaCommercial | 1.75 | 0 | Buy | |
| 07/20/18 | CIMB | CapitaCommercial | 1.75 | 1.9 | Add | |
| 07/20/18 | UOB Kay Hian | CapitaCommercial | 1.75 | 1.99 | Buy | DDM |
| 08/02/18 | DBS Vickers | CapitaCommercial | 1.74 | 2.12 | Buy | |
| 08/17/18 | UOB Kay Hian | CapitaCommercial | 1.74 | 1.99 | Buy | |
| 09/13/18 | OCBC | CapitaCommercial | 1.74 | 1.69 | Hold | |
| 09/13/18 | DBS Vickers | CapitaCommercial | 1.74 | 2.12 | Buy | |
| 09/13/18 | UOB Kay Hian | CapitaCommercial | 1.74 | 1.99 | Buy | DDM |
| 09/25/18 | Deutsche | CapitaCommercial | 1.76 | 1.9 | Buy | |
| 10/02/18 | DBS Vickers | CapitaCommercial | 1.78 | 2.12 | Buy | |
| 10/16/18 | DMG & Partners | CapitaCommercial | 1.69 | 1.8 | Neutral | DDM |
| 10/17/18 | Phillip | CapitaCommercial | 1.69 | 1.88 | Accumulate | |
| 10/25/18 | UOB Kay Hian | CapitaCommercial | 1.73 | 1.99 | Buy | |
| 10/26/18 | OCBC | CapitaCommercial | 1.73 | 1.69 | Hold | |
| 10/29/18 | UOB Kay Hian | CapitaCommercial | 1.72 | 2 | Buy | DDM |
| 10/29/18 | OCBC | CapitaCommercial | 1.72 | 1.68 | Hold | |
| 10/29/18 | CIMB | CapitaCommercial | 1.72 | 1.9 | Add | |
| 11/08/18 | UOB Kay Hian | CapitaCommercial | 1.69 | 2 | Buy | |
| 11/21/18 | Phillip | CapitaCommercial | 1.7 | 1.9 | Accumulate | |
| 12/10/18 | UOB Kay Hian | CapitaCommercial | 1.77 | 2 | Buy | |
| 12/11/18 | DMG & Partners | CapitaCommercial | 1.76 | 1.8 | Neutral | |
| 01/04/19 | Phillip | CapitaCommercial | 1.75 | 1.9 | Accumulate |
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