Bumitama - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/08/19	UOB Kay Hian	Bumitama	0.725	0.81	Buy
05/15/19	UOB Kay Hian	Bumitama	0.69	0.81	Buy
05/15/19	DBS Vickers	Bumitama	0.69	0.8	Buy	DCF, PER18x FY19
05/17/19	DMG & Partners	Bumitama	0.7	0.62	Neutral
05/24/19	UOB Kay Hian	Bumitama	0.69	0.81	Hold
06/06/19	DMG & Partners	Bumitama	0.665	0.62	Neutral
06/27/19	UOB Kay Hian	Bumitama	0.615	0.81	Buy
07/02/19	Kim Eng	Bumitama	0.63	1.01	Buy
07/16/19	DBS Vickers	Bumitama	0.605	0.75	Buy	DCF
08/14/19	DMG & Partners	Bumitama	0.6	0.54	Neutral	PER14x FY20
08/15/19	DBS Vickers	Bumitama	0.59	0.69	Buy	DCF, PER18.5x FY19
08/28/19	Kim Eng	Bumitama	0.575	0.8	Buy
09/30/19	DMG & Partners	Bumitama	0.58	0.6	Neutral	PER16x FY20
11/12/19	DMG & Partners	Bumitama	0.595	0.69	Buy	PER16x FY20
11/13/19	DBS Vickers	Bumitama	0.62	0.72	Buy	DCF
11/13/19	Kim Eng	Bumitama	0.62	0.8	Buy	PER13x FY20
11/22/19	UOB Kay Hian	Bumitama	0.7	0.75	Buy
12/09/19	DMG & Partners	Bumitama	0.73	0.8	Buy	PER18x FY20
12/10/19	DBS Vickers	Bumitama	0.725	0.81	Buy	DCF
01/20/20	DMG & Partners	Bumitama	0.741	0.95	Buy	PER16x FY20
02/18/20	DMG & Partners	Bumitama	0.685	0.85	Buy	PER18x FY20
02/19/20	UOB Kay Hian	Bumitama	0.68	0.85	Buy
02/19/20	DBS Vickers	Bumitama	0.68	0.81	Buy	DCF
02/19/20	Kim Eng	Bumitama	0.68	0.78	Buy
03/24/20	DMG & Partners	Bumitama	0.37	0.38	Neutral	Sum of parts, PER12x FY20
04/13/20	DBS Vickers	Bumitama	0.405	0.81	Buy

Stock calls for 13 April 2020

Date	Analyst	Company	Last	Target	Call	Valuation
04/13/20	Lim & Tan	ART	0.855	0	Hold
04/13/20	DBS Vickers	Bumitama	0.405	0.81	Buy
04/13/20	CIMB	Centurion	0.385	0.58	Add
04/13/20	phillip	DBS	19.14	27.3	Accumulate
04/13/20	DBS Vickers	First Resources	1.27	1.99	Buy
04/13/20	DMG & Partners	Fu Yu	0.215	0.28	Buy	DCF
04/13/20	DMG & Partners	Ireit	0.64	0.83	Buy	DDM
04/13/20	UOB Kay Hian	Keppel Reit	0.95	1.3	Buy
04/13/20	phillip	OCBC	8.95	12.1	Accumulate
04/13/20	UOB Kay Hian	Oxley	0.225	0.48	Buy	RNAV (30% discount)
04/13/20	DMG & Partners	Oxley	0.225	0.31	Buy	RNAV (55% discount)
04/13/20	phillip	UOB	20.17	27.8	Accumulate
04/13/20	DBS Vickers	Wilmar	3.43	4	Buy

Genome sequencing is the scientific method to determine the origin of covid-19.

A Cambridge scientist had declared that covid-19 in Wuhan was the type B virus that evolved from type A.  No type A was found in Wuhan.  SG has type C virus which evolved from type B.

Where is type A found then?  If scientists around the world do genome sequencing, they would uncover the truth which can trace the type A virus back to the US.  China had already traced covid-19 H38 to the US.

http://sg-stock.blogspot.com/2020/03/japan-and-russia-alleged-that-covid-19.html

Baltic dry index - 596

Today, Tuesday, April 07 2020, the Baltic Dry Index decreased by 8 points, reaching 596 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 - 602

Related stock: Keppel Corp, Sembcorp Marine & Cosco.

The US economy will be in deep troubles if it continues to inject free monies.

https://sg.finance.yahoo.com/news/fed-unleashes-another-2-3-223809140.html

The US FED has unleashed a US$2.3T funding program for the pandemic.

Let's recap what the US FED has done.

1. Reduce interest rate to Zero.
2. Implement a US$2.2T pandemic relief program.
3. Implement a US$2T infrastructure bill.
4. Implement a US$2.3T funding program.

The US FED has introduced a total of US$6.5T package for the pandemic.  The total US debt is already about US$70T in 2020.  With the pandemic packages, the total US debt will increase to US$76.5T.

http://sg-stock.blogspot.com/2019/07/the-us-total-debt-is-at-us69t-now.html

Is the total US debt sustainable? No!

The day of reckoning will come one day and when it comes, it will hit the US severely.

The US knew that there would be major virus outbreak in China in November. How?

https://edition.cnn.com/2020/04/08/politics/us-intelligence-report-china-coronavirus/index.html

The US intelligence had warned that there would be a major virus outbreak in China in November 2019.

How did the US know about this when China was still ignorant about it.  The only plausible reason would be that the virus outbreak in China was started by the US which explained how the US knew about it.

Breadtalk - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/19	DMG & Partners	Breadtalk	0.87	0.81	Neutral
05/07/19	DBS Vickers	Breadtalk	0.835	0.92	Hold
05/08/19	DMG & Partners	Breadtalk	0.825	0.81	Neutral	Sum of parts
07/02/19	DMG & Partners	Breadtalk	0.75	0.81	Neutral
08/02/19	DBS Vickers	Breadtalk	0.715	0.77	Hold	Sum of parts
08/05/19	DMG & Partners	Breadtalk	0.69	0.71	Neutral	Sum of parts
09/03/19	DMG & Partners	Breadtalk	0.665	0.71	Neutral
09/04/19	DMG & Partners	Breadtalk	0.65	0.67	Neutral	Sum of parts, EV/Ebitda7.64x
09/06/19	DBS Vickers	Breadtalk	0.645	0.61	Hold	Sum of parts
12/11/19	DMG & Partners	Breadtalk	0.625	0.67	Neutral
02/25/20	DBS Vickers	Breadtalk	0.645	0.49	Accept offer	offer @ $0.77, Sum of parts
02/25/20	Lim & Tan	Breadtalk	0.645	0	Accept offer	offer @ $0.77
02/26/20	DMG & Partners	Breadtalk	0.645	0.77	Accept offer	offer @ $0.77

BRC Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/31/19	UOB Kay Hian	BRC Asia	1.37	1.75	Buy	PER11.5x FY20
08/08/19	UOB Kay Hian	BRC Asia	1.31	1.75	Buy	PER11.5x FY20
10/01/19	UOB Kay Hian	BRC Asia	1.34	1.75	Buy
11/18/19	CIMB	BRC Asia	1.47	1.9	Add
11/18/19	Lim & Tan	BRC Asia	1.47	1.8	Buy	DCF
11/26/19	UOB Kay Hian	BRC Asia	1.49	1.75	Buy	PER11.5x FY20
01/09/20	CIMB	BRC Asia	1.54	1.9	Add
01/28/20	Lim & Tan	BRC Asia	1.69	0	Buy on weakness
03/05/20	Lim & Tan	BRC Asia	1.66	0	Buy on weakness
03/25/20	UOB Kay Hian	BRC Asia	1.09	1.65	Buy
04/06/20	Lim & Tan	BRC Asia	1.04	0	Hold

Boustead Projects - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/16/20	UOB Kay Hian	Boustead Projects	0.925	1.18	Buy	RNAV (40% discount)