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Thursday, January 7, 2021

Frasers Centrepoint Trust - Stock calls

DateAnalystCompanyLastTargetCallValuation
01/23/20Kim EngFrasers Centrepoint Trust2.82.85HoldDDM
01/23/20Lim & TanFrasers Centrepoint Trust2.80Hold
01/23/20UOB Kay HianFrasers Centrepoint Trust2.83.05Buy
01/24/20DBS VickersFrasers Centrepoint Trust2.862.95Buy
01/29/20PhillipFrasers Centrepoint Trust2.863.11AccumulateDDM
02/03/20OCBCFrasers Centrepoint Trust2.882.93Hold
02/04/20DBS VickersFrasers Centrepoint Trust2.842.95Buy
03/09/20DBS VickersFrasers Centrepoint Trust2.973.35Buy
03/13/20PhillipFrasers Centrepoint Trust2.733.11Accumulate
03/16/20OCBCFrasers Centrepoint Trust2.563.07Buy
03/31/20CIMBFrasers Centrepoint Trust2.183.1Add
04/02/20DBS VickersFrasers Centrepoint Trust2.12.05Hold
04/14/20OCBCFrasers Centrepoint Trust1.932.23Buy
04/23/20DMG & PartnersFrasers Centrepoint Trust2.12.55Neutral
04/24/20UOB Kay HianFrasers Centrepoint Trust2.062HoldBuy @ $1.82
04/27/20PhillipFrasers Centrepoint Trust1.982.24Accumulate
04/27/20DMG & PartnersFrasers Centrepoint Trust1.982.07NeutralDDM
04/27/20Kim EngFrasers Centrepoint Trust1.982.3BuyDDM
05/11/20AmfrasersFrasers Centrepoint Trust2.082.39outperform
05/11/20OCBCFrasers Centrepoint Trust2.082.22Hold
05/11/20Citi ResearchFrasers Centrepoint Trust2.082.23Hold
05/27/20UOB Kay HianFrasers Centrepoint Trust2.252.85Buy
06/01/20DBS VickersFrasers Centrepoint Trust2.432.65BuyPB1.2x
06/08/20UOB Kay HianFrasers Centrepoint Trust2.582.85Buy
06/23/20DMG & PartnersFrasers Centrepoint Trust2.392.07Neutral
07/01/20CIMBFrasers Centrepoint Trust2.312.49AddDDM
07/02/20DBS VickersFrasers Centrepoint Trust2.322.95BuySum of parts, PB1.45x
07/02/20UOB Kay HianFrasers Centrepoint Trust2.322.85Buy
07/03/20DBS VickersFrasers Centrepoint Trust2.342.95BuyPB1.45x FY21
07/03/20Citi ResearchFrasers Centrepoint Trust2.342.29Hold
07/27/20PhillipFrasers Centrepoint Trust2.392.69AccumulateDDM
07/27/20UOB Kay HianFrasers Centrepoint Trust2.392.9BuyDDM
07/27/20DMG & PartnersFrasers Centrepoint Trust2.392.16NeutralDDM
07/27/20CIMBFrasers Centrepoint Trust2.392.78Add
07/27/20Kim EngFrasers Centrepoint Trust2.392.45Hold
08/04/20OCBCFrasers Centrepoint Trust2.362.44Hold
08/07/20DBS VickersFrasers Centrepoint Trust2.392.95BuyPB1.45x FY21
08/21/20CIMBFrasers Centrepoint Trust2.372.78AddDDM
09/02/20DBS VickersFrasers Centrepoint Trust2.552.95BuyPB1.45x FY21
09/02/20UOB Kay HianFrasers Centrepoint Trust2.552.9Buy
09/04/20CIMBFrasers Centrepoint Trust2.542.83AddDDM
09/04/20Lim & TanFrasers Centrepoint Trust2.540Hold
09/07/20PhillipFrasers Centrepoint Trust2.642.79AccumulateDDM
09/07/20UOB Kay HianFrasers Centrepoint Trust2.643.1BuyDDM
09/07/20Kim EngFrasers Centrepoint Trust2.642.54Hold
09/14/20PhillipFrasers Centrepoint Trust2.672.61Accumulate
09/14/20Kim EngFrasers Centrepoint Trust2.672.78Buy
09/30/20CIMBFrasers Centrepoint Trust2.372.83AddDDM
10/05/20PhillipFrasers Centrepoint Trust2.412.79Accumulate
11/03/20DBS VickersFrasers Centrepoint Trust2.082.94Buy
11/03/20Lim & TanFrasers Centrepoint Trust2.080Hold
11/04/20UOB Kay HianFrasers Centrepoint Trust2.113.15BuyDDM
11/04/20DBS VickersFrasers Centrepoint Trust2.113Buy
11/04/20CIMBFrasers Centrepoint Trust2.112.89Add
11/04/20Kim EngFrasers Centrepoint Trust2.112.9Buy
11/09/20PhillipFrasers Centrepoint Trust2.262.79BuyDDM
11/12/20OCBCFrasers Centrepoint Trust2.332.75Buy
12/03/20Lim & TanFrasers Centrepoint Trust2.320Accumulate
12/09/20UOB Kay HianFrasers Centrepoint Trust2.423.15Buy
12/18/20DMG & PartnersFrasers Centrepoint Trust2.52.4Neutral
01/05/21PhillipFrasers Centrepoint Trust2.482.79Buy

Stock calls for 7 January 2021

DateAnalystCompanyLastTargetCallValuation
01/07/21DBS VickersARA Hospitality0.4850.69BuyDCF
01/07/21CIMBGKE0.1380.18AddSum of parts
01/07/21Lim & TanIfast Corp3.310Hold
01/07/21CIMBISDN0.430.72Add
01/07/21CIMBSPH1.131.1Hold
01/07/21UOB Kay HianSunpower0.7751.1Buy
01/07/21DMG & PartnersWilmar4.956Buy

The Washington riot is not a precursor to a civil war in the US. - Part 2

https://sg.news.yahoo.com/congress-certify-biden-win-democrats-152255261.html

This is not a surprise to us because we've been expecting Trump to up his ante as stated below.

http://sg-stock.blogspot.com/2020/12/the-washington-riot-is-not-precursor-to.html

We just need to sit back and watch how Biden will handle this.  Will Biden reach an agreement with Trump or let Trump continue his petulant actions until the handover so that Biden can teach him a lesson later.  Let's see.

Dr. Scott: South African Covid variant appears to ‘obviate’ antibody drugs.

https://www.cnbc.com/2021/01/05/south-africa-covid-variant-appears-to-obviate-antibody-drugs-dr-scott-gottlieb-says.html

https://www.cnbc.com/2021/01/06/south-africa-covid-strain-a-guide-to-what-you-need-to-know.html

This is really bad news for mankind because the new variant appears to obviate antibody drugs.  This means the doctors will have more difficulties in treating covid patients and more sick people will end up in hospitals which will cripple the national healthcare systems in the world.

Let's hope that the next mutation won't develop a new variant that can evade our immunity.  All the existing vaccines, whether they're made by inactive virus or mRNA, are used to "trick" our bodies to develop covid immunities and we'll be in trouble if a new variant can render our vaccines ineffective.

Wednesday, January 6, 2021

The US ISM PMI improved to 60.7 in December 2020.

 



The prices increased significantly by 12.2 to 77.6 because of much higher freight costs and the producers switched to using more local raw materials. This also impacted the supplier’s deliveries by +5.9 to 67.6 as a higher number indicated slower deliveries.

http://sg-stock.blogspot.com/2020/12/the-us-inflation-is-coming-part-2.html

The producers increased their production (64.8, +4) and employment (51.5, +3.1) to prepare for a rebound in the customers’ inventories (37.9, +1.6) which was too low because the inventories were depleted by an increasing new order (67.9, +2.8) that was supported by the government’s stimulus aids.

All these resulted in the PMI increased to 60.7 (+3.2). This means that the US economy will continue to improve unless there is another major lockdown due to the new covid variant.  However, the US has to watch out for higher inflation because of the rising freight costs and PPI prices as the US may do QE tapering to contain its inflation.

World bank is the latest organization to warn about an impending financial crisis.

https://sg.finance.yahoo.com/news/world-bank-calls-rapid-action-160120391.html

We've been warning about an impending financial crisis since last year.

http://sg-stock.blogspot.com/2020/10/another-constellation-is-aligning-and.html

The IMF and other professional entities also had been warning about a looming financial crisis after our first posting last year.

Let's see if we can rein in this crisis or we'll burst this crisis bubble.

Fortress Minerals - Stock calls

DateAnalystCompanyLastTargetCallValuation
12/14/20PhillipFortress Minerals0.2050.275BuyPER11x FY21

Food Empire - Stock calls

DateAnalystCompanyLastTargetCallValuation
01/17/20DMG & PartnersFood Empire0.7050.83BuyPER12x FY20
02/05/20UOB Kay HianFood Empire0.660.89Buy
02/26/20DMG & PartnersFood Empire0.7350.88BuyPER12x FY20
02/26/20UOB Kay HianFood Empire0.7350.92BuyPER12.6x FY20
05/14/20DMG & PartnersFood Empire0.5050.75BuyPER12x FY20
05/15/20UOB Kay HianFood Empire0.490.63BuyPER12.6x FY20
05/27/20Lim & TanFood Empire0.5150.63AccumulatePER12.3x FY20
06/09/20DMG & PartnersFood Empire0.550.75BuyPER12x FY20
08/13/20UOB Kay HianFood Empire0.560.85BuyPER12.3x FY21
08/14/20DMG & PartnersFood Empire0.620.75BuyPER12x FY20
09/01/20UOB Kay HianFood Empire0.6250.85Buy
09/02/20Lim & TanFood Empire0.620.72AccumulatePER11x
10/16/20DMG & PartnersFood Empire0.5850.75Buy
11/13/20DMG & PartnersFood Empire0.5750.8Buy
11/13/20UOB Kay HianFood Empire0.5750.88Buy
12/09/20UOB Kay HianFood Empire0.5950.88Buy
12/10/20Lim & TanFood Empire0.5950.72AccumulatePER11x

First Sponsor - Stock calls

DateAnalystCompanyLastTargetCallValuation
09/21/20PhillipFirst Sponsor1.251.65BuyRNAV (30% discount)
10/28/20PhillipFirst Sponsor1.281.56BuyRNAV (30% discount)

Stock calls for 6 January 2021

DateAnalystCompanyLastTargetCallValuation
01/06/21UOB Kay HianARA Logistics0.5950.85BuyDDM
01/06/21DBS VickersART1.071.2BuyDCF
01/06/21DBS VickersBumitama0.520.66Buy
01/06/21DBS VickersCDL Hospitality1.241.4Buy
01/06/21DBS VickersChina Aviation Oil1.081.2Buy
01/06/21phillipDBS25.3522.6Neutral
01/06/21DBS VickersDelfi0.710.98Buy
01/06/21DBS VickersFirst Resources1.381.7Buy
01/06/21DBS VickersFrencken1.321.51Buy
01/06/21DBS VickersHutchison Port0.1980.22Buy
01/06/21DBS VickersIfast Corp3.293.96Buy
01/06/21DBS VickersKoufu0.6850.77Buy
01/06/21phillipOCBC10.069.68Neutral
01/06/21phillipSGX9.79.45Accumulate
01/06/21DBS VickersTuan Sing0.3150.44Buy
01/06/21DBS VickersUMS1.141.36Buy
01/06/21phillipUOB22.5721.1Neutral

Tuesday, January 5, 2021

First Resources - Stock calls

DateAnalystCompanyLastTargetCallValuation
01/20/20DMG & PartnersFirst Resources1.772.3BuyPER18x FY20
02/06/20UOB Kay HianFirst Resources1.782.1Buy
02/26/20DMG & PartnersFirst Resources1.662BuyPER17x FY20
02/28/20DBS VickersFirst Resources1.631.99BuyDCF
02/28/20Kim EngFirst Resources1.631.85BuyPER18x FY20
03/24/20DMG & PartnersFirst Resources1.041.2BuySum of parts, PER12x FY20
04/13/20DBS VickersFirst Resources1.271.99Buy
05/26/20CIMBFirst Resources1.281.8Add
05/26/20Kim EngFirst Resources1.281.85BuyPER18x FY20
05/26/20DMG & PartnersFirst Resources1.281.25NeutralPER14x FY20
05/26/20UOB Kay HianFirst Resources1.281.65Buy
05/26/20DBS VickersFirst Resources1.281.7BuyDCF
06/26/20DMG & PartnersFirst Resources1.331.35NeutralPER14x FY21
07/27/20DMG & PartnersFirst Resources1.391.45NeutralPER14x FY21
08/17/20CIMBFirst Resources1.381.8Add
08/17/20DBS VickersFirst Resources1.381.7BuyDCF
08/17/20DMG & PartnersFirst Resources1.381.45NeutralPER14x FY21
08/17/20UOB Kay HianFirst Resources1.381.65Buy
08/17/20Kim EngFirst Resources1.381.79BuyPER18x FY20
11/03/20CIMBFirst Resources1.221.8Add
11/03/20DMG & PartnersFirst Resources1.221.45Buy
11/16/20UOB Kay HianFirst Resources1.281.75Buy
11/16/20DBS VickersFirst Resources1.281.7BuyDCF
11/16/20CIMBFirst Resources1.281.64Add
11/16/20Kim EngFirst Resources1.281.96BuyPER17x FY21
12/08/20CIMBFirst Resources1.371.64Add

First Reit - Stock calls


DateAnalystCompanyLastTargetCallValuation
01/30/20Lim & TanFirst Reit0.9950Buy on weakness
01/31/20CIMBFirst Reit1.021.15AddDDM
08/03/20CIMBFirst Reit0.5550.957AddDDM
09/21/20Lim & TanFirst Reit0.4550Hold

Far East Hospitality - Stock calls

DateAnalystCompanyLastTargetCallValuation
01/14/20DBS VickersFar East Hospitality0.7550.8Buy
02/03/20DBS VickersFar East Hospitality0.680.69HoldPB0.85x
02/13/20CIMBFar East Hospitality0.670.64HoldDDM
02/17/20OCBCFar East Hospitality0.660.65Sell
02/17/20UOB Kay HianFar East Hospitality0.660.65HoldBuy @ $0.60
02/17/20Kim EngFar East Hospitality0.660.7HoldDDM
02/17/20CIMBFar East Hospitality0.660.65HoldDDM
02/19/20OCBCFar East Hospitality0.670.65Hold
03/16/20OCBCFar East Hospitality0.530.52Hold
03/20/20UOB Kay HianFar East Hospitality0.3750.5BuyDDM
04/21/20DBS VickersFar East Hospitality0.490.6Buy
04/21/20OCBCFar East Hospitality0.490.49Hold
05/05/20UOB Kay HianFar East Hospitality0.490.62BuyDDM
06/01/20DBS VickersFar East Hospitality0.4950.6Buy
06/08/20UOB Kay HianFar East Hospitality0.5450.62Buy
06/09/20CIMBFar East Hospitality0.570.59Add
07/02/20UOB Kay HianFar East Hospitality0.50.62Buy
07/21/20CIMBFar East Hospitality0.490.592Add
08/03/20DBS VickersFar East Hospitality0.490.6Buy
08/04/20OCBCFar East Hospitality0.490.51Hold
08/26/20UOB Kay HianFar East Hospitality0.520.58Buy
09/02/20DBS VickersFar East Hospitality0.540.6Buy
09/02/20OCBCFar East Hospitality0.540.51Hold
09/02/20UOB Kay HianFar East Hospitality0.540.58Buy
09/25/20UOB Kay HianFar East Hospitality0.5550.72BuyDDM
10/02/20CIMBFar East Hospitality0.5450.629Add
10/13/20DBS VickersFar East Hospitality0.560.6Buy
11/02/20Kim EngFar East Hospitality0.560.6BuyDDM
11/03/20DBS VickersFar East Hospitality0.550.6Buy
11/03/20OCBCFar East Hospitality0.550.58Hold
11/05/20CIMBFar East Hospitality0.5750.629Add
11/18/20UOB Kay HianFar East Hospitality0.6550.74Buy
11/23/20OCBCFar East Hospitality0.6350.66Hold
12/01/20DBS VickersFar East Hospitality0.6350.7Buy
12/02/20UOB Kay HianFar East Hospitality0.6450.74BuyDDM

Stock calls for 5 January 2021

DateAnalystCompanyLastTargetCall
01/05/21Kim EngA-Reit2.984Buy
01/05/21PhillipAPTV0.1180.15Buy
01/05/21PhillipART1.091.15Buy
01/05/21PhillipCapitaland3.283.82Buy
01/05/21Kim EngCapitaland Integrated Commercial Trust2.192.5Buy
01/05/21phillipComfortdelgro1.671.83Buy
01/05/21PhillipFrasers Centrepoint Trust2.482.79Buy
01/05/21CIMBISDN0.4250.65Add
01/05/21PhillipKeppel Corp5.426.12Buy
01/05/21PhillipManulife US Reit0.7450.92Buy
01/05/21phillipPropnex0.770.85Buy
01/05/21PhillipThai Beverage0.730.86Buy
01/05/21CIMBUMS1.151.27Add
01/05/21CIMBVenture19.5824.84Add
01/05/21PhillipYoma0.2850.46Buy

Monday, January 4, 2021

Latest updates on Covid mutations. - Part 2

https://www.cnbc.com/2021/01/04/south-african-coronavirus-variant-more-of-a-problem-than-uk-one.html

Scientists are really worried about 501v2 virus because it is significantly different.  It might render the existing vaccines ineffective.

http://sg-stock.blogspot.com/2020/12/latest-updates-on-covid-mutations.html

If the existing vaccines cannot stop the 501v2 virus, then we're back to square one again and we'll need to wait for many months for new vaccines to be developed.  I just hope that the covid virus won't mutate so fast or else we will never catch up with the mutations.

ESR-Reit - Stock calls


DateAnalystCompanyLastTargetCallValuation
01/07/20DMG & PartnersESR-Reit0.5450.6BuyDDM
01/24/20DBS VickersESR-Reit0.560.59BuyDCF
01/28/20OCBCESR-Reit0.560.6Buy
01/30/20DBS VickersESR-Reit0.5550.48HoldDCF
02/25/20OCBCESR-Reit0.5450.6Buy
03/02/20DBS VickersESR-Reit0.530.59BuyDCF
03/19/20DMG & PartnersESR-Reit0.3050.5BuyDDM
04/07/20DMG & PartnersESR-Reit0.2450.5Buy
04/24/20DBS VickersESR-Reit0.3350.43BuyDCF
07/17/20CIMBESR-Reit0.390.492AddDDM
07/17/20Lim & TanESR-Reit0.390Accept Offer
07/17/20CLSAESR-Reit0.390.47Buy
07/17/20SoochowESR-Reit0.390.47Buy
07/17/20MorningstarESR-Reit0.390.42Stable
07/17/20DaiwaESR-Reit0.390.42Hold
08/24/20OCBCESR-Reit0.3850.45Buy
10/16/20OCBCESR-Reit0.3850.45Buy
11/02/20phillipESR-Reit0.350Neutral
11/02/20DBS VickersESR-Reit0.350.43BuyDCF
11/04/20CIMBESR-Reit0.360.49Add
11/20/20CIMBESR-Reit0.390.494Add

Ellipsiz - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/28/20Lim & TanEllipsiz0.330Hold

Elite ComReit - Stock calls

DateAnalystCompanyLastTargetCallValuation
05/26/20UOB Kay HianElite ComReit0.660.88BuyDDM
06/30/20CIMBElite ComReit0.71.3Add
07/24/20CIMBElite ComReit0.6950.761AddDDM
07/27/20UOB Kay HianElite ComReit0.6950.88BuyDDM
10/20/20CIMBElite ComReit0.650.781Add
11/12/20UOB Kay HianElite ComReit0.6350.88BuyDDM

Stock calls for 4 January 2021


DateAnalystCompanyLastTargetCallValuation
01/04/21DBS VickersAEM3.455.16Buy
01/04/21DBS VickersAIMS AMP Cap Ind Reit1.251.4Buy
01/04/21CIMBBoustead Projects0.8051.33AddRNAV (30% discount)
01/04/21DBS VickersCapitaland3.283.7Buy
01/04/21DBS VickersCapitaland Integrated Commercial Trust2.162.5Buy
01/04/21DBS VickersCapitaRetail China1.391.7Buy
01/04/21DBS VickersComfortdelgro1.671.96Buy
01/04/21CIMBDBS25.0428.35Add
01/04/21DBS VickersLendlease Reit0.730.9Buy
01/04/21DBS VickersMapletree Logistics2.012.35Buy
01/04/21CIMBOCBC10.0612.52Add
01/04/21DBS VickersSATS3.984.5Buy
01/04/21DBS VickersThai Beverage0.740.93Buy
01/04/21DBS VickersUOB22.5924.8Buy
01/04/21CIMBUOB22.5927.72Add
01/04/21DBS VickersYangzijiang0.9551.4Buy
01/04/21UOB Kay HianYangzijiang0.9551.17Buy

Saturday, January 2, 2021