Stock calls for 11 February 2020

Date	Analyst	Company	Last	Target	Call	Valuation
02/11/20	Amfrasers	AEM	1.88	2.57	Outperform
02/11/20	Kim Eng	AEM	1.88	2.58	Buy
02/11/20	DIR	CapitaCommercial	2.04	2.29	Outperform
02/11/20	DMG & Partners	CSE Global	0.53	0.69	Buy	DCF
02/11/20	UOB Kay Hian	Genting	0.85	0.95	Buy
02/11/20	DBS Vickers	Hutchison Port	0.161	0.17	Hold
02/11/20	Amfrasers	Manulife US Reit	1.05	1.11	Neutral
02/11/20	UOB Kay Hian	Netlink	1	1.05	Buy	DCF
02/11/20	UOB Kay Hian	Oxley	0.34	0.49	Buy
02/11/20	Lim & Tan	PanUnited	0.365	0.56	Buy	PB2x FY21
02/11/20	OCBC	SIA Engineering	2.59	2.41	Sell
02/11/20	Kim Eng	UMS	0.94	1.13	Buy

IMF gives warning about Japan's economy.

https://www.reuters.com/article/us-china-health-imf-japan/imf-warns-of-coronavirus-hit-to-japans-economy-via-tourism-trade-idUSKBN2041WB

IMF is right about China's impact on Japan's economy.

http://sg-stock.blogspot.com/2019/05/japan-trade-surplus-fell-90-because-of.html

If Japan has a 10% drop in China shipments, its economy will be badly affected and China has started to reduce its imports. Thus, Japan will definitely be impacted.  Moreover, Japan has the highest infected cases outside of China.

Hot news! Coronavirus is airborne!

https://www.msn.com/en-xl/asia/asia-top-stories/china-confirms-coronavirus-is-airborne/ar-BBZP4OL?li=BBP34wH

China has confirmed that coronavirus is airborne.  No wonder the infectious rate is so high and China still cannot contain the virus outbreak with city lockdown.

However, the stock markets seem to take this virus outbreak in stride despite the fact that the infected cases and death tolls are increasing.

Beijing, Shanghai and Chongqing are in lockdown now.

https://www.taiwannews.com.tw/en/news/3873964

https://www.taiwannews.com.tw/en/news/3874064

We can say with certainty that China's economic growth for the 1st and 2nd quarters will be affected by this virus outbreak.  The 2nd quarter will be worse than the 1st quarter because the 2nd quarter will reflect the full economic impacts.

Hopefully, China can protect its 3rd and 4th quarters for 2020.

HRnetGroup - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	DMG & Partners	HRnetGroup	0.8	1.18	Buy	DCF
02/25/19	DMG & Partners	HRnetGroup	0.795	1.06	Buy	DCF
02/26/19	DBS Vickers	HRnetGroup	0.8	1.05	Buy	PER15x FY19, ex-cash
03/13/19	DMG & Partners	HRnetGroup	0.79	1.06	Buy
03/26/19	CIMB	HRnetGroup	0.765	1.03	Add
05/07/19	DMG & Partners	HRnetGroup	0.77	1.06	Buy	DCF
05/13/19	DMG & Partners	HRnetGroup	0.77	0.94	Buy	DCF
05/14/19	DBS Vickers	HRnetGroup	0.76	0.85	Hold	PER16x FY19, ex-cash
06/06/19	DMG & Partners	HRnetGroup	0.71	0.94	Buy
06/13/19	CIMB	HRnetGroup	0.72	1.01	Add	PER18x CY20
08/14/19	DMG & Partners	HRnetGroup	0.66	0.94	Buy	DCF
10/15/19	DMG & Partners	HRnetGroup	0.58	0.94	Buy
11/11/19	CIMB	HRnetGroup	0.64	0.83	Add
11/11/19	DMG & Partners	HRnetGroup	0.64	0.81	Buy	DCF

Hotel Properties - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/27/19	Lim & Tan	Hotel Properties	3.76	0	Hold
04/17/19	OCBC	Hotel Properties	3.88	4.74	Buy
07/15/19	OCBC	Hotel Properties	3.69	4.74	Buy

Hongkong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/17/19	DBS Vickers	Hongkong Land	6.92	7.86	Buy
01/17/19	Citibank	Hongkong Land	6.92	5.9	Sell
03/01/19	DBS Vickers	Hongkong Land	6.77	8.02	Buy	RNAV (40% discount)
03/01/19	Citibank	Hongkong Land	6.77	6.45	Sell
05/10/19	DBS Vickers	Hongkong Land	6.97	8.02	Buy	RNAV (40% discount)
08/02/19	DBS Vickers	Hongkong Land	6.09	7.93	Buy
08/05/19	DBS Vickers	Hongkong Land	6.02	7.7	Buy	RNAV (40% discount)
08/06/19	CIMB	Hongkong Land	5.74	7.4	Add
08/06/19	Citibank	Hongkong Land	5.74	5.85	Sell
12/12/19	DBS Vickers	Hongkong Land	5.47	6.64	Buy	RNAV (45% discount)

Stock calls for 10 February 2020

Date	Analyst	Company	Last	Target	Call	Valuation
02/10/20	OCBC	CapitaRetail China	1.52	1.57	Hold
02/10/20	DBS Vickers	CapitaRetail China	1.52	1.8	Buy
02/10/20	OCBC	Frasers Logistics	1.27	1.37	Hold
02/10/20	DBS Vickers	Genting	0.86	1.2	Buy
02/10/20	DBS Vickers	Netlink	1.01	1.04	Buy
02/10/20	UOB Kay Hian	OCBC	10.86	12.8	Buy
02/10/20	DBS Vickers	SIA	8.58	10.4	Buy
02/10/20	Lim & Tan	SIA Engineering	2.61	0	Hold
02/10/20	UOB Kay Hian	Singapore Post	0.89	0.99	Hold	Sum of parts
02/10/20	DBS Vickers	Singapore Post	0.89	0.85	Hold	PER17x FY21
02/10/20	OCBC	Singapore Post	0.89	0.96	Hold
02/10/20	DBS Vickers	Singtel	3.32	3.8	Buy
02/10/20	UOB Kay Hian	Singtel	3.32	3.32	Hold	DCF

Red alert - China has another bird flu outbreak in Sichuan after Hunan.

https://www.businesstimes.com.sg/energy-commodities/china-reports-first-h5n6-bird-flu-in-sichuan-poultry-farm-ministry

China has another variant of the bird flu (H5N6) outbreak in Sichuan after Hunan's (H5N1).

http://sg-stock.blogspot.com/2020/02/red-alert-h5n1-bird-flu-outbreak-in.html

omg! Travellers are shunning Singapore!

https://www.straitstimes.com/world/middle-east/coronavirus-qatar-kuwait-advise-citizens-to-avoid-travel-to-singapore

https://www.asiaone.com/asia/coronavirus-not-just-china-travellers-also-avoiding-singapore-and-japan

The middle east countries have issued a travel alert to Singapore and many travellers are shunning Singapore because Singapore is one of the top 3 infected countries.  This will definitely impact the tourism and hospitality sectors.

Coronavirus updates!

https://www.worldometers.info/coronavirus/

Singapore is still the 3rd most infected country.

Guangzhou and Shenzhen are in lockdown now.

https://www.dimsumdaily.hk/following-guangzhou-housing-estates-in-shenzhen-is-now-in-lockdown-to-prevent-virus-spread/

Omg! The situation in China is getting very bad.

More than 70 cities are in lockdown and more than 100m people are trapped in these Chinese cities.

However, the virus outbreak is not subsiding as more cities are in lockdown.

Baltic dry index - 431

Today, Thursday, February 06 2020, the Baltic Dry Index climbed by 1 point, reaching 431 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 stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 790

Related stock: Keppel Corp, Sembcorp Marine & Cosco.

Bad news! China has started to reduce its imports.

https://finance.yahoo.com/news/chinese-gas-buyer-cnooc-declares-064044988.html

The reduction in commodity imports will have a multiplier effect on other sectors.  There is a significant reduction in China's consumption now and this will affect the global economy.

Coronavirus updates!

https://www.worldometers.info/coronavirus/

Singapore is one of the top 3 epicentres in the world and SG has exported the virus to Malaysia, South Korea and the UK.

Singapore raises risk alert to orange!

https://www.businesstimes.com.sg/government-economy/singapore-raises-risk-alert-for-novel-coronavirus-to-orange

SG government raises risk alert to orange and advises organizers to cancel or defer non-essential large scale events.

Is SG airshow essential?  of course not!  However, our government deems it as essential and insists that it must carry on.

https://www.straitstimes.com/business/economy/major-summit-on-eve-of-singapore-airshow-canceled-on-coronavirus-fears

Hong Leong Finance - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/19	Lim & Tan	Hong Leong Finance	2.71	0	Buy
04/26/19	Lim & Tan	Hong Leong Finance	2.8	0	Buy

Hong Leong Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/28/20	Lim & Tan	Hong Leong Asia	0.625	0	Buy on weakness