Singapore Stock Exchange - Equity Investments

Friday, April 8, 2011

Global Logistics - Buy calls from analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/15/11 DBS Vickers Global Logistics 1.96 2.76 Buy Sum of parts
03/16/11 DBS Vickers Global Logistics 1.88 2.76 Buy

02/14/11 JP Morgan Global Logistics 1.93 0 Overweight

Genting HK - 3 buy calls & 2 sell calls.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/07/11 CIMB Genting Hong Kong 0.42 0.48 Outperform Sum of parts

03/25/11 Credit Suisse Genting Hong Kong 0.42 0.37 Sell PER22.2x, EV/Ebitda 10.9x

03/14/11 Kim Eng Genting Hong Kong 0.395 0.54 Buy Sum of parts
03/25/11 Kim Eng Genting Hong Kong 0.42 0.54 Buy Sum of parts

01/24/11 Macquarie Genting Hong Kong 0.47 0.6 Outperform

03/28/11 UOB Kay Hian Genting Hong Kong 0.42 0.37 Sell

Thursday, April 7, 2011

Genting - 9 buy calls & 3 hold calls.

01/24/11 CIMB Genting 2.15 2.7 Outperform Sum of parts
01/25/11 CIMB Genting 2.12 2.7 Outperform Sum of parts
01/28/11 CIMB Genting 2.06 2.7 Outperform
02/09/11 CIMB Genting 2.09 2.7 Outperform Sum of parts
02/23/11 CIMB Genting 1.98 2.7 Outperform Sum of parts

02/07/11 Citigroup Genting 2.13 2.6 Buy

01/28/11 Credit Suisse Genting 2.04 0 Outperform
02/11/11 Credit Suisse Genting 2.03 2.65 Outperform

03/30/11 DBS Vickers Genting 2 2.7 Buy Sum of parts

02/23/11 DMG & Partners Genting 1.98 2.51 Buy

01/28/11 HSBC Genting 2.06 1.95 Underweight EV/Ebitda
02/24/11 HSBC Genting 1.98 2.16 Neutral

02/23/11 JP Morgan Genting 1.98 2.15 Neutral

02/22/11 Lim & Tan Genting 2 0 Buy

02/21/11 OCBC Genting 2.01 2.53 Buy
02/23/11 OCBC Genting 1.98 2.53 Buy DCF
03/31/11 OCBC Genting 2.07 2.53 Buy DCF

02/22/11 phillip Genting 1.99 2.36 Buy

02/07/11 UBS Genting 2.13 2.39 Neutral
03/23/11 UBS Genting 1.93 2.3 Buy EV/Ebitda 15x

02/23/11 UOB Kay Hian Genting 1.98 1.94 Hold

Gallant Venture - Buy calls from analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/06/11 DBS Vickers Gallant Venture 0.43 0.88 Buy Sum of parts

01/27/11 Kim Eng Gallant Venture 0.42 0.75 Buy Sum of parts
02/15/11 Kim Eng Gallant Venture 0.39 0.75 Buy Sum of parts

Fuxing China - Buy calls from analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/03/11 NRA Fuxing China 0.165 0.28 Overweight PER11x

03/02/11 DMG & Partners Fuxing China 0.17 0.255 Buy PER9x

Wednesday, April 6, 2011

Frasers Commercial Trust (FCOT) - How is this trust faring after shares consolidation?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/09/11 DBS Vickers Frasers Commercial Trust 0.82 1.05 Buy

01/28/11 OCBC Frasers Commercial Trust 0.17 0.18 Buy RNAV (40% discount), Div Yield 7.26%
02/10/11 OCBC Frasers Commercial Trust 0.86 0.9 Buy
02/11/11 OCBC Frasers Commercial Trust 0.85 0.92 Buy RNAV (40% discount)
03/03/11 OCBC Frasers Commercial Trust 0.805 0.92 Buy
03/15/11 OCBC Frasers Commercial Trust 0.79 0.92 Buy Under Review
03/25/11 OCBC Frasers Commercial Trust 0.785 0.92 Buy

01/31/11 phillip Frasers Commercial Trust 0.17 0.18 Hold

Frasers Centrepoint Trust (FCT) - OCBC put a hold on this stock while others put a buy.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/25/11 CIMB Frasers Centrepoint Trust 1.52 1.86 Outperform DDM
03/23/11 CIMB Frasers Centrepoint Trust 1.45 1.86 Outperform DDM

01/25/11 DBS Vickers Frasers Centrepoint Trust 1.52 1.73 Buy
03/09/11 DBS Vickers Frasers Centrepoint Trust 1.51 1.73 Buy
03/23/11 DBS Vickers Frasers Centrepoint Trust 1.45 1.73 Buy

01/25/11 DMG & Partners Frasers Centrepoint Trust 1.52 1.73 Buy DDM

01/25/11 OCBC Frasers Centrepoint Trust 1.52 1.58 Hold
03/25/11 OCBC Frasers Centrepoint Trust 1.46 1.58 Hold

Fortune Reit - Not a fortune afterall.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/15/11 Goldman Sachs Fortune Reit 3.95 4.6 Neutral

Tuesday, April 5, 2011

Foreland Fabritech - Buy call from NRA.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/02/11 NRA Foreland Fabritech 0.13 0.185 Buy PER7x

FJ Benjamin - Mixed calls from analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/10/11 DMG & Partners FJ Benjamin 0.405 0.52 Buy

02/10/11 Kim Eng FJ Benjamin 0.405 0.62 Buy DCF

02/22/11 UOB Kay Hian FJ Benjamin 0.385 0.425 Hold

First Ship Lease Trust - Target price was downgraded by DBS Vickers.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/21/11 DBS Vickers First Ship Lease Trust 0.47 0.45 Hold

Monday, April 4, 2011

First Resources - Phillip doesn't like this resources stock.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/21/11 DBS Vickers First Resources 1.45 1.55 Hold DCF
03/02/11 DBS Vickers First Resources 1.34 1.65 Buy DCF

01/25/11 DMG & Partners First Resources 1.41 2.05 Buy
03/04/11 DMG & Partners First Resources 1.32 1.77 Buy PER15x

01/21/11 phillip First Resources 1.45 1.53 Hold DCF
03/03/11 phillip First Resources 1.32 1.47 Hold DCF

04/04/11 UOB Kay Hian First Resources 1.36 1.6 Buy

First Reit - Target price was downgraded by OCBC but retained buy call.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/24/11 OCBC First Reit 0.76 0.84 Buy
01/25/11 OCBC First Reit 0.765 0.82 Buy RNAV
02/18/11 OCBC First Reit 0.74 0.82 Buy Div Yield 8.6%
02/25/11 OCBC First Reit 0.725 0.82 Under Review
02/28/11 OCBC First Reit 0.73 0.8 Buy RNAV, Div Yield 8.5%
03/10/11 OCBC First Reit 0.74 0.8 Buy

Falcon Energy - Downgraded by Kim Eng.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/28/11 Kim Eng Falcon Energy 0.375 0.41 Hold PER10x

Sunday, April 3, 2011

Market Analyses for US market (Dow Jones Industrial Average Index), Japan market (Nikkei 225 Index), Hong Kong market (Hang Seng Index) & Singapore market (Straits Times Index)

The charts above dated 1/4/2011 show that US, HK and SG markets have fund outflows except JP which has fund inflows. SG market is in a precarious position as a recent business times article reported that trading volume was very low for SG and speculated that people bet in casino instead of in the stock market. With lesser funds flowing into SG market, STI has a high chance of falling.

F&N - DMG doesn't like this beverage & property stock.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/17/11 CIMB F & N 5.42 6.84 Outperform Sum of parts (10% discount)

02/08/11 DBS Vickers F & N 6.06 7 Buy
02/11/11 DBS Vickers F & N 6.06 7 Buy RNAV (5% discount)
02/16/11 DBS Vickers F & N 6 7 Buy RNAV
03/09/11 DBS Vickers F & N 5.85 7 Buy
03/21/11 DBS Vickers F & N 5.36 7 Buy

02/11/11 DMG & Partners F & N 6.06 6.33 Neutral
02/17/11 DMG & Partners F & N 6 6.33 Neutral RNAV

02/14/11 HSBC F & N 6.02 6.77 Overweight

02/11/11 Kim Eng F & N 6.06 8.94 Buy Sum of parts
03/09/11 Kim Eng F & N 5.85 8.54 Buy Sum of parts

02/08/11 Lim & Tan F & N 6.06 0 Buy

Ezra - DnB Nor hated this marine stock to the core.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/02/11 CIMB Ezra 1.62 3 Outperform Sum of parts
03/04/11 CIMB Ezra 1.68 3 Outperform Sum of parts

03/02/11 DMG & Partners Ezra 1.62 2.4 Buy PER15x

03/10/11 DnB Nor Ezra 1.78 1.45 Sell

03/02/11 OCBC Ezra 1.62 2.2 Buy
03/02/11 OCBC Ezra 1.62 2.2 Buy
03/04/11 OCBC Ezra 1.68 2.2 Buy
03/15/11 OCBC Ezra 1.71 2.2 Buy

03/31/11 UOB Kay Hian Ezra 1.76 2.1 Buy

Ezion - Buy calls from all analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/25/11 CIMB Ezion 0.625 1.31 Outperform PER12x
03/15/11 CIMB Ezion 0.65 1.03 Outperform PER11x

02/25/11 DBS Vickers Ezion 0.625 0.92 Buy PER12x
03/28/11 DBS Vickers Ezion 0.665 0.92 Buy

02/25/11 DMG & Partners Ezion 0.625 0.92 Buy PER12x

03/10/11 DnB Nor Ezion 0.67 0.9 Buy DCF

02/25/11 Kim Eng Ezion 0.625 0.99 Buy PEG 0.5x, PER12.5x

02/24/11 OCBC Ezion 0.625 0.82 Under Review
02/25/11 OCBC Ezion 0.625 0.84 Buy PER11x
03/04/11 OCBC Ezion 0.65 0.84 Buy
03/15/11 OCBC Ezion 0.65 0.84 Buy
03/31/11 OCBC Ezion 0.665 0.79 Buy

03/31/11 UOB Kay Hian Ezion 0.665 0.9 Buy