Stock calls for 14 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/14/20	Phillip	A-Reit	3.27	3.63	Accumulate
09/14/20	Phillip	ART	0.915	1.08	Buy
09/14/20	Phillip	CapitaCommercial	1.68	1.91	Accumulate
09/14/20	Phillip	Capitamall Trust	1.97	2.33	Buy
09/14/20	DIR	Capitamall Trust	1.97	2.65	Buy
09/14/20	phillip	Dasin Retail	0.815	0.91	Accumulate
09/14/20	Kim Eng	DBS	20.51	22.9	Buy
09/14/20	Phillip	Frasers Centrepoint Trust	2.67	2.61	Accumulate
09/14/20	CIMB	Fu Yu	0.24	0.24	Hold	GGM, PB1.1x
09/14/20	CIMB	Ho Bee	2.19	2.7	Add	Up from $2.56
09/14/20	Phillip	Ireit	0.69	0.68	Neutral
09/14/20	Phillip	Keppel DC Reit	2.88	2.57	Neutral
09/14/20	Lim & Tan	Keppel Reit	1.07	1.18	Buy
09/14/20	Phillip	Manulife US Reit	0.755	0.9	Buy
09/14/20	phillip	Prime US Reit	0.8	0.94	Buy
09/14/20	OCBC	Sembcorp Industries	1.18	1.27	Hold	Sum of parts, PB0.75x
09/14/20	CIMB	Singtel	2.25	3.1	Add	Sum of parts
09/14/20	UOB Kay Hian	Starhub	1.16	1.4	Buy	DCF
09/14/20	Kim Eng	Top Glove	2.58	3.14	Buy	Ringgit Target $9.53 (ex-2 for 1 bonus), PER9x FY21

The US inflation is coming! - Part 3

https://finance.yahoo.com/news/used-cars-drive-u-consumer-134716870.html

US inflation is firming!

We had already projected this earlier below.

http://sg-stock.blogspot.com/2020/09/the-us-inflation-is-coming-part-2.html

http://sg-stock.blogspot.com/2020/08/the-us-resale-car-market-is-being.html

There many market distortions happening in the US now.

* US property market

* US automobile market

* US treasury market

http://sg-stock.blogspot.com/2020/09/different-market-sectors-are-in.html

Baltic dry index - 1267

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 886

 

Related stock: Keppel Corp, Sembcorp Marine & Cosco.

Talkmed - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/15/19	DMG & Partners	Talkmed	0.515	0.62	Buy
11/15/19	DMG & Partners	Talkmed	0.505	0.62	Buy	DCF
02/19/20	DMG & Partners	Talkmed	0.515	0.62	Buy	DCF
04/01/20	DMG & Partners	Talkmed	0.43	0.53	Buy	DCF

Suntec Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/02/19	CIMB	Suntec Reit	1.95	2.15	Add	DDM
07/02/19	DBS Vickers	Suntec Reit	1.95	2.2	Buy	DCF
07/04/19	DMG & Partners	Suntec Reit	1.97	1.9	Neutral
07/10/19	UOB Kay Hian	Suntec Reit	1.95	2	Hold	DDM, Buy @ $1.82
07/29/19	DMG & Partners	Suntec Reit	1.92	2.08	Buy	DDM
07/29/19	OCBC	Suntec Reit	1.92	2.07	Hold
07/30/19	UOB Kay Hian	Suntec Reit	1.93	2.02	Hold	Buy @ $1.84
07/30/19	DBS Vickers	Suntec Reit	1.93	2.15	Buy	DCF
08/27/19	UOB Kay Hian	Suntec Reit	1.89	1.96	Hold	Buy @ $1.79
09/11/19	DMG & Partners	Suntec Reit	1.94	2.08	Buy
10/02/19	DMG & Partners	Suntec Reit	1.91	2.08	Buy
10/04/19	DBS Vickers	Suntec Reit	1.9	2.15	Buy
10/24/19	OCBC	Suntec Reit	1.85	2.05	Hold
10/25/19	UOB Kay Hian	Suntec Reit	1.89	1.99	Hold	Buy @ $1.82
12/04/19	DBS Vickers	Suntec Reit	1.83	2.15	Buy
12/10/19	DMG & Partners	Suntec Reit	1.84	2.08	Buy
01/03/20	DMG & Partners	Suntec Reit	1.85	2.08	Buy	DDM
01/24/20	DBS Vickers	Suntec Reit	1.85	2.15	Buy	DCF
01/28/20	OCBC	Suntec Reit	1.86	2.05	Buy
02/25/20	OCBC	Suntec Reit	1.8	2.05	Buy
03/18/20	DBS Vickers	Suntec Reit	1.31	2.15	Buy
03/30/20	DMG & Partners	Suntec Reit	1.33	2.08	Buy
04/03/20	DMG & Partners	Suntec Reit	1.1	1.78	Buy	DDM
04/03/20	OCBC	Suntec Reit	1.1	1.5	Buy
04/03/20	Jefferies	Suntec Reit	1.1	1.25	Hold
04/23/20	CIMB	Suntec Reit	1.29	1.75	Add	DDM
06/08/20	DBS Vickers	Suntec Reit	1.6	1.81	Buy	DCF
06/23/20	DMG & Partners	Suntec Reit	1.45	1.78	Buy
07/01/20	DMG & Partners	Suntec Reit	1.41	1.78	Buy	DDM
07/27/20	OCBC	Suntec Reit	1.39	1.57	Buy
09/03/20	Jefferies	Suntec Reit	1.42	1.7	Buy

Sunpower - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/16/19	UOB Kay Hian	Sunpower	0.44	0.83	Buy
12/06/19	Amfrasers	Sunpower	0.55	0.91	outperform	Sum of parts
12/16/19	DBS Vickers	Sunpower	0.59	0.81	Buy	DCF
03/02/20	UOB Kay Hian	Sunpower	0.525	0.88	Buy	Sum of parts
03/03/20	DBS Vickers	Sunpower	0.53	0.84	Buy
03/10/20	Amfrasers	Sunpower	0.47	0.91	outperform	Sum of parts
04/20/20	DBS Vickers	Sunpower	0.425	0.49	Hold	DCF
05/18/20	Amfrasers	Sunpower	0.43	0.91	Buy	Sum of parts
05/18/20	DBS Vickers	Sunpower	0.43	0.49	Hold	DCF
05/20/20	UOB Kay Hian	Sunpower	0.445	0.88	Buy
08/14/20	DBS Vickers	Sunpower	0.58	0.69	Buy	DCF
08/14/20	UOB Kay Hian	Sunpower	0.58	0.92	Buy	Sum of parts
08/17/20	Amfrasers	Sunpower	0.575	0.91	outperform	Sum of parts

Stock calls for 11 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/11/20	Kim Eng	AEM	3.29	5.05	Buy
09/11/20	DBS Vickers	Jumbo	0.325	0.21	Fully Valued
09/11/20	DBS Vickers	Koufu	0.67	0.77	Buy
09/11/20	DBS Vickers	Lendlease Reit	0.66	0.85	Buy
09/11/20	DBS Vickers	OCBC	8.58	9.3	Hold	GGM, PB0.8x FY21
09/11/20	Lim & Tan	PanUnited	0.29	0.31	Hold	PB1x FY20
09/11/20	UOB Kay Hian	SATS	2.91	3.1	Hold	Buy @ $2.75
09/11/20	DBS Vickers	SPH Reit	0.885	0.8	Hold
09/11/20	UOB Kay Hian	ST Engineering	3.41	3.6	Hold	Buy @ $3.30
09/11/20	DBS Vickers	Starhill	0.455	0.5	Hold
09/11/20	DBS Vickers	UOB	19.39	22.2	Buy	GGM, PB0.9x FY21

The US inflation is coming! - Part 2

https://finance.yahoo.com/news/druckenmiller-says-inflation-could-reach-121455086.html

A chief strategist has supported my prediction that US inflation is coming!

http://sg-stock.blogspot.com/2020/09/the-us-inflation-is-coming.html

He is saying that US inflation may reach 10% in a few years.  A 10% inflation with low or no economic growth is called stagflation and this is something very difficult to resolve.

If you've been reading my blog, you would know that I've been warning about US inflation especially hyperinflation because of the US FED actions.

The devious US is trying to poison all Asians now! - Part 3

http://sg-stock.blogspot.com/2020/09/the-devious-us-is-trying-to-poison-all_8.html

I was using some old records and needed to provide another update.

Insofar, there are 27 countries that approved Ractopamine but there will be 28 countries if Taiwan is included.

Ractopamine is usually fed to the pigs just days before they're slaughtered because this chemical is just not fit for human consumption.  However, the pigs reacted adversely to this chemical with just days of consumption.

https://www.foodsafetynews.com/2012/12/fda-petitioned-to-lower-ractopamine-limits-for-meat-review-animal-health-impact/

https://www.nbcnews.com/business/dispute-over-drug-feed-limiting-us-meat-exports-174014?streamSlug=businessmain

It is very difficult for Singapore to ban Ractopamine because it will be kicked out of CPTPP.

Sunningdale - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
08/07/19	UOB Kay Hian	Sunningdale	1.28	1.01	Sell
11/08/19	UOB Kay Hian	Sunningdale	1.27	1.13	Hold	PER12.3x FY20, Buy @ $1.05
12/13/19	Lim & Tan	Sunningdale	1.28	0	Buy
12/13/19	CIMB	Sunningdale	1.28	1.14	Reduce
03/02/20	UOB Kay Hian	Sunningdale	1.21	1.06	Hold	Buy @ $1
03/04/20	CIMB	Sunningdale	1.2	1.1	Hold
03/20/20	Lim & Tan	Sunningdale	0.82	0	Buy
04/09/20	CIMB	Sunningdale	0.875	1.09	Add
05/08/20	UOB Kay Hian	Sunningdale	0.98	1.02	Hold	PB0.54x FY20, Buy @ $0.90
05/08/20	CIMB	Sunningdale	0.98	0.917	Hold
05/11/20	Lim & Tan	Sunningdale	1	0	Hold
08/11/20	Lim & Tan	Sunningdale	1.18	0	Buy
09/10/20	Lim & Tan	Sunningdale	1.25	0	Buy

Starhub - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
07/17/19	UOB Kay Hian	Starhub	1.54	1.45	Sell	DCF
08/07/19	Phillip	Starhub	1.48	1.58	Accumulate	EV/Ebitda6x
08/07/19	DMG & Partners	Starhub	1.48	1.52	Neutral	DCF
08/07/19	OCBC	Starhub	1.48	1.52	Hold
08/07/19	UOB Kay Hian	Starhub	1.48	1.45	Sell
08/07/19	DBS Vickers	Starhub	1.48	1.55	Hold	EV/Ebitda 6.6x FY19
08/13/19	CIMB	Starhub	1.45	1.65	Hold	DCF
08/13/19	Citibank	Starhub	1.45	1.22	Sell
10/18/19	DBS Vickers	Starhub	1.28	1.55	Hold
10/24/19	DBS Vickers	Starhub	1.32	1.3	Hold	EV/Ebitda6x FY20
10/24/19	CIMB	Starhub	1.32	1.65	Hold
10/24/19	Kim Eng	Starhub	1.32	2	Buy
11/06/19	CIMB	Starhub	1.32	1.65	Add	DCF
11/06/19	Kim Eng	Starhub	1.32	2	Buy	DCF
11/06/19	DMG & Partners	Starhub	1.32	1.44	Neutral	DCF
11/06/19	UOB Kay Hian	Starhub	1.32	1.45	Hold	EV/Ebitda5.4x, Buy @ $1.25
11/07/19	Phillip	Starhub	1.43	1.58	Accumulate	EV/Ebitda6x
11/07/19	OCBC	Starhub	1.43	1.32	Hold
11/07/19	DBS Vickers	Starhub	1.43	1.43	Buy	EV/Ebitda6x
01/03/20	DBS Vickers	Starhub	1.42	1.43	Buy	EV/Ebitda6x
01/14/20	DMG & Partners	Starhub	1.46	1.44	Neutral
01/21/20	UOB Kay Hian	Starhub	1.48	1.45	Hold	DCF, Buy @ $1.25
01/24/20	DBS Vickers	Starhub	1.49	1.72	Buy	DCF
01/24/20	Citibank	Starhub	1.49	1.22	Sell
02/21/20	UOB Kay Hian	Starhub	1.5	1.45	Hold	Buy @ $1.25
02/21/20	DMG & Partners	Starhub	1.5	1.63	Neutral	DCF
02/21/20	DBS Vickers	Starhub	1.5	1.72	Buy
02/21/20	CIMB	Starhub	1.5	1.8	Add	DCF
02/24/20	Phillip	Starhub	1.52	1.7	Accumulate	EV/Ebitda6.5x FY20
02/24/20	OCBC	Starhub	1.52	1.53	Hold
03/13/20	CIMB	Starhub	1.43	1.8	Add	DCF, EV/Ebitda7x FY20
03/13/20	DBS Vickers	Starhub	1.43	1.72	Buy	DCF
03/26/20	DBS Vickers	Starhub	1.27	1.4	Buy	DCF
04/30/20	DBS Vickers	Starhub	1.45	1.75	Buy	DCF
04/30/20	DMG & Partners	Starhub	1.45	1.63	Neutral
05/08/20	Phillip	Starhub	1.49	1.45	Neutral	EV/Ebitda 6x FY20
05/08/20	DMG & Partners	Starhub	1.49	1.51	Neutral	DCF
05/08/20	UOB Kay Hian	Starhub	1.49	1.4	Hold	Buy @ $1.20
05/08/20	DBS Vickers	Starhub	1.49	1.75	Buy	DCF
05/08/20	Lim & Tan	Starhub	1.49	0	Take Profit
05/08/20	OCBC	Starhub	1.49	1.39	Hold
05/08/20	CIMB	Starhub	1.49	1.7	Add	DCF
06/23/20	DBS Vickers	Starhub	1.31	1.37	Hold	DCF
06/23/20	DMG & Partners	Starhub	1.31	1.44	Neutral	DCF
08/11/20	Phillip	Starhub	1.21	1.24	Neutral	EV/Ebitda 6x FY20
08/11/20	DMG & Partners	Starhub	1.21	1.3	Neutral	DCF
08/11/20	DBS Vickers	Starhub	1.21	1.16	Hold	DCF
08/11/20	CIMB	Starhub	1.21	1.6	Add

Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/04/19	DMG & Partners	Starhill	0.78	0.78	Buy
07/31/19	CIMB	Starhill	0.8	0.79	Hold
08/02/19	DMG & Partners	Starhill	0.78	0.78	Neutral	DDM
08/06/19	OCBC	Starhill	0.775	0.81	Buy
10/07/19	CIMB	Starhill	0.74	0.75	Hold	DDM
12/10/19	DMG & Partners	Starhill	0.725	0.8	Neutral
01/30/20	DMG & Partners	Starhill	0.71	0.76	Neutral	DDM
02/04/20	DBS Vickers	Starhill	0.715	0.8	Buy	DCF
04/02/20	DBS Vickers	Starhill	0.41	0.45	Hold
04/15/20	CIMB	Starhill	0.485	0.71	Buy
04/15/20	OCBC	Starhill	0.485	0.52	Buy
04/23/20	DMG & Partners	Starhill	0.49	0.76	Buy
05/05/20	Lim & Tan	Starhill	0.48	0	Hold
05/29/20	DBS Vickers	Starhill	0.46	0.5	Hold
06/03/20	DMG & Partners	Starhill	0.535	0.63	Buy	DDM
07/29/20	CIMB	Starhill	0.475	0.706	Add	DDM
07/30/20	OCBC	Starhill	0.47	0.53	Buy
08/03/20	DMG & Partners	Starhill	0.465	0.6	Buy	DDM

Stock calls for 10 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/10/20	CIMB	Dairy Farm	3.85	4.5	Add	PER20x FY21
09/10/20	Lim & Tan	KSH	0.325	0	Hold
09/10/20	CIMB	Lendlease Reit	0.655	0.854	Add
09/10/20	Lim & Tan	Sunningdale	1.25	0	Buy

ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/05/19	DMG & Partners	ST Engineering	4.24	4.45	Buy	PER20.5x FY20 & PB5.5x FY20 & EV/Ebitda11x FY20 & DCF
07/15/19	UOB Kay Hian	ST Engineering	4.29	4.7	Buy
08/15/19	UOB Kay Hian	ST Engineering	4.22	4.36	Hold
08/15/19	DMG & Partners	ST Engineering	4.22	4.7	Buy	Sum of parts
08/15/19	OCBC	ST Engineering	4.22	4.64	Buy	DCF
08/16/19	CIMB	ST Engineering	4.07	4.36	Add	Sum of parts
08/16/19	DBS Vickers	ST Engineering	4.07	4.64	Buy	Sum of parts
08/16/19	Lim & Tan	ST Engineering	4.07	0	Hold
09/11/19	DMG & Partners	ST Engineering	3.9	4.7	Buy
09/18/19	UOB Kay Hian	ST Engineering	3.9	4.34	Buy
09/20/19	Kim Eng	ST Engineering	3.92	4.3	Hold
10/01/19	DBS Vickers	ST Engineering	3.84	4.64	Buy
10/02/19	DMG & Partners	ST Engineering	3.85	4.7	Buy	Sum of parts
10/08/19	Kim Eng	ST Engineering	3.91	4.5	Buy	DCF
10/09/19	UOB Kay Hian	ST Engineering	3.92	4.34	Buy
10/14/19	CIMB	ST Engineering	4.02	4.36	Add
11/11/19	DMG & Partners	ST Engineering	4.12	4.7	Buy	Sum of parts
11/12/19	DBS Vickers	ST Engineering	4	4.64	Buy
11/12/19	CIMB	ST Engineering	4	4.47	Add
11/12/19	Kim Eng	ST Engineering	4	4.5	Buy
11/12/19	OCBC	ST Engineering	4	4.64	Buy
11/12/19	DMG & Partners	ST Engineering	4	4.55	Buy	Sum of parts
11/12/19	UOB Kay Hian	ST Engineering	4	4.32	Buy
12/19/19	DMG & Partners	ST Engineering	3.9	4.55	Buy
01/08/20	DMG & Partners	ST Engineering	4.02	4.55	Buy	PER22x FY20 & PB5.8x & EV/Ebitda11x
02/19/20	Macquarie	ST Engineering	4.3	5	outperform
02/24/20	Lim & Tan	ST Engineering	4.24	0	Hold
02/25/20	DMG & Partners	ST Engineering	4.2	4.9	Buy	Sum of parts
02/25/20	UOB Kay Hian	ST Engineering	4.2	4.46	Buy
02/25/20	DBS Vickers	ST Engineering	4.2	4.6	Buy
02/25/20	CIMB	ST Engineering	4.2	4.66	Add
03/05/20	Macquarie	ST Engineering	4.36	5	outperform
03/17/20	DMG & Partners	ST Engineering	3.36	4.9	Buy	Sum of parts
04/07/20	DMG & Partners	ST Engineering	3.03	4.9	Buy
04/17/20	DMG & Partners	ST Engineering	3.44	4.65	Buy	Sum of parts
04/22/20	UOB Kay Hian	ST Engineering	3.33	3.6	Hold	EV/Invested capital basis, Buy @ $3.10
04/22/20	CIMB	ST Engineering	3.33	3.86	Add	Sum of parts
04/28/20	DMG & Partners	ST Engineering	3.24	4.15	Buy	Sum of parts
05/18/20	DMG & Partners	ST Engineering	3.27	3.9	Buy	Sum of parts
05/18/20	UOB Kay Hian	ST Engineering	3.27	3.5	Hold	Buy @ $3-3.10
05/18/20	DBS Vickers	ST Engineering	3.27	3.4	Hold	Sum of parts
06/19/20	DMG & Partners	ST Engineering	3.41	3.9	Buy
07/13/20	OCBC	ST Engineering	3.35	3.9	Buy
07/29/20	DMG & Partners	ST Engineering	3.31	3.9	Buy	Sum of parts
08/07/20	CIMB	ST Engineering	3.23	3.46	Add	DCF
08/17/20	DBS Vickers	ST Engineering	3.39	3.4	Hold	Sum of parts, Buy @ below $3.10
08/17/20	UOB Kay Hian	ST Engineering	3.39	3.4	Hold	Buy @ $3.15
08/17/20	CIMB	ST Engineering	3.39	3.76	Add
08/17/20	OCBC	ST Engineering	3.39	3.9	Buy
08/18/20	DBS Vickers	ST Engineering	3.39	3.8	Buy	Sum of parts
08/18/20	DMG & Partners	ST Engineering	3.39	3.9	Buy	Sum of parts
08/19/20	Macquarie	ST Engineering	3.48	3.45	outperform	Sum of parts
09/07/20	DBS Vickers	ST Engineering	3.42	3.8	Buy