Stock calls for 30 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/30/18	DBS Vickers	ART	1.08	1.25	Buy	DCF
08/30/18	DBS Vickers	Capitamall Trust	2.17	2.3	Buy
08/30/18	DBS Vickers	CapitaRetail China	1.45	1.7	Buy
08/30/18	DMG & Partners	Dairy Farm	9.2	9.6	Neutral
08/30/18	Amfrasers	DISA	0.008	0.02	Buy	DCF
08/30/18	phillip	HMI	0.615	0.83	Buy	DCF
08/30/18	CIMB	Sembcorp Marine	1.69	2.52	Add	PB2.2x CY18

Ascendas Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	UOB Kay Hian	A-Reit	2.27	2.71	Buy	DDM
01/05/17	Credit Suisse	A-Reit	2.31	2.63	Outperform
01/06/17	DMG & Partners	A-Reit	2.33	2.65	Buy	DDM
01/06/17	OCBC	A-Reit	2.33	2.72	Buy
01/09/17	DBS Vickers	A-Reit	2.38	2.65	Buy	DCF
01/25/17	Deutsche	A-Reit	2.4	2.55	Hold
01/25/17	OCBC	A-Reit	2.4	2.68	Buy
01/26/17	CIMB	A-Reit	2.4	2.31	Hold	DDM
01/26/17	DIR	A-Reit	2.4	2.38	Hold	DDM
02/09/17	Credit Suisse	A-Reit	2.42	2.63	Outperform
02/17/17	JP Morgan	A-Reit	2.47	2.65	Overweight
02/28/17	Deutsche	A-Reit	2.48	2.55	Hold
03/02/17	UOB Kay Hian	A-Reit	2.49	2.71	Buy
03/06/17	OCBC	A-Reit	2.49	2.68	Buy
03/10/17	DMG & Partners	A-Reit	2.45	2.65	Buy
03/13/17	Credit Suisse	A-Reit	2.47	2.63	Outperform
03/17/17	DBS Vickers	A-Reit	2.5	2.65	Buy
03/20/17	DIR	A-Reit	2.5	2.44	Hold	DDM
04/07/17	DMG & Partners	A-Reit	2.53	2.65	Buy
04/11/17	UOB Kay Hian	A-Reit	2.52	2.71	Buy
04/18/17	DIR	A-Reit	2.52	2.44	Hold
04/18/17	Kim Eng	A-Reit	2.52	2.85	Buy	DDM
04/26/17	CIMB	A-Reit	2.55	2.59	Hold	DDM
04/26/17	DBS Vickers	A-Reit	2.55	2.65	Buy	DCF
04/26/17	DIR	A-Reit	2.55	2.45	Hold	DDM
04/26/17	DMG & Partners	A-Reit	2.55	2.73	Buy	DDM
04/26/17	OCBC	A-Reit	2.55	2.66	Buy
04/26/17	UOB Kay Hian	A-Reit	2.55	2.75	Buy
05/02/17	Kim Eng	A-Reit	2.56	2.85	Buy
05/17/17	Deutsche	A-Reit	2.6	2.6	Hold
05/17/17	UOB Kay Hian	A-Reit	2.6	2.75	Buy
05/18/17	DBS Vickers	A-Reit	2.58	2.65	Buy
05/25/17	UOB Kay Hian	A-Reit	2.62	2.97	Buy
06/01/17	DMG & Partners	A-Reit	2.62	2.73	Buy	DDM
06/02/17	OCBC	A-Reit	2.64	2.66	Buy
06/08/17	Lim & Tan	A-Reit	2.67	0	Buy on weakness
06/12/17	Kim Eng	A-Reit	2.7	2.9	Buy`	DDM
06/21/17	Credit Suisse	A-Reit	2.72	2.62	Neutral
06/22/17	Deutsche	A-Reit	2.66	2.6	Hold
06/28/17	DIR	A-Reit	2.66	2.45	Underperform	DDM
07/03/17	Kim Eng	A-Reit	2.61	2.9	Buy	DDM
07/12/17	DMG & Partners	A-Reit	2.58	2.73	Buy
07/14/17	Phillip	A-Reit	2.59	2.86	Accumulate	DDM, PB1.35x FY18
07/25/17	UOB Kay Hian	A-Reit	2.7	2.97	Buy	DDM
07/26/17	DBS Vickers	A-Reit	2.72	2.78	Buy	DCF
07/28/17	DIR	A-Reit	2.72	2.45	Underperform	DDM
07/28/17	Credit Suisse	A-Reit	2.72	2.62	Neutral
07/28/17	DMG & Partners	A-Reit	2.72	2.9	Buy	DDM
07/28/17	OCBC	A-Reit	2.72	2.66	Hold
07/28/17	CIMB	A-Reit	2.72	2.71	Hold	DDM
07/31/17	UOB Kay Hian	A-Reit	2.71	2.75	Buy
07/31/17	DBS Vickers	A-Reit	2.71	2.85	Buy	DCF
08/03/17	Kim Eng	A-Reit	2.68	2.9	Buy
08/14/17	OCBC	A-Reit	2.66	2.66	Hold
08/17/17	UOB Kay Hian	A-Reit	2.67	2.97	Buy
08/22/17	Phillip	A-Reit	2.65	2.86	Accumulate
08/28/17	DBS Vickers	A-Reit	2.61	2.85	Buy
09/04/17	CIMB	A-Reit	2.66	2.71	Hold
09/21/17	DMG & Partners	A-Reit	2.7	2.9	Buy	DDM
09/26/17	OCBC	A-Reit	2.68	2.66	Hold
09/26/17	Kim Eng	A-Reit	2.68	2.9	Buy
10/09/17	Phillip	A-Reit	2.69	2.86	Accumulate	DDM, PB1.35x FY18
10/23/17	UOB Kay Hian	A-Reit	2.72	2.97	Buy	DDM
10/25/17	Kim Eng	A-Reit	2.75	2.9	Buy
10/31/17	DMG & Partners	A-Reit	2.71	2.9	Buy	DDM
10/31/17	OCBC	A-Reit	2.71	2.67	Hold
10/31/17	CIMB	A-Reit	2.71	2.72	Hold	DDM
11/01/17	DBS Vickers	A-Reit	2.74	2.85	Buy
11/09/17	UOB Kay Hian	A-Reit	2.66	2.97	Buy
11/28/17	Kim Eng	A-Reit	2.63	3	Buy
11/28/17	Jefferies	A-Reit	2.63	2.9	Buy
12/01/17	UOB Kay Hian	A-Reit	2.64	3.05	Buy
12/18/17	DBS Vickers	A-Reit	2.68	2.85	Buy
12/19/17	DMG & Partners	A-Reit	2.69	2.9	Buy
12/20/17	CIMB	A-Reit	2.69	2.72	Hold
01/04/18	Deutsche	A-Reit	2.74	2.75	Hold
01/05/18	DMG & Partners	A-Reit	2.79	2.9	Buy	DDM
01/19/18	UOB Kay Hian	A-Reit	2.77	3.05	Buy
01/19/18	Kim Eng	A-Reit	2.77	3	Buy
01/26/18	Phillip	A-Reit	2.75	2.89	Accumulate	DDM, PB1.36x FY18
01/26/18	OCBC	A-Reit	2.75	2.69	Hold
01/26/18	DBS Vickers	A-Reit	2.75	2.85	Buy
01/26/18	CIMB	A-Reit	2.75	2.88	Add
02/12/18	Phillip	A-Reit	2.57	2.87	Accumulate
02/13/18	UOB Kay Hian	A-Reit	2.58	3.05	Buy
02/20/18	DMG & Partners	A-Reit	2.62	2.9	Buy
02/20/18	DBS Vickers	A-Reit	2.62	2.85	Buy
03/05/18	UOB Kay Hian	A-Reit	2.61	3.05	Buy
03/06/18	UOB Kay Hian	A-Reit	2.58	2.76	Buy
03/19/18	DBS Vickers	A-Reit	2.66	2.85	Buy
03/27/18	Phillip	A-Reit	2.6	2.89	Accumulate
04/16/18	Kim Eng	A-Reit	2.69	3.05	Buy	DDM
04/16/18	DMG & Partners	A-Reit	2.69	2.9	Buy
04/24/18	Phillip	A-Reit	2.65	2.91	Accumulate	DDM, PB1.37x FY18/19
04/24/18	UOB Kay Hian	A-Reit	2.65	3.05	Buy	DDM
04/24/18	DMG & Partners	A-Reit	2.65	2.95	Buy	DDM
04/24/18	CIMB	A-Reit	2.65	2.85	add	DDM
04/24/18	OCBC	A-Reit	2.65	2.71	Hold
04/24/18	DBS Vickers	A-Reit	2.65	3	Buy	DCF
04/25/18	Jefferies	A-Reit	2.68	2.95	Buy
05/02/18	UOB Kay Hian	A-Reit	2.67	3.05	Buy
05/08/18	DBS Vickers	A-Reit	2.65	3	Buy
05/17/18	DMG & Partners	A-Reit	2.64	2.95	Buy
05/21/18	Phillip	A-Reit	2.65	2.91	Accumulate
06/04/18	UOB Kay Hian	A-Reit	2.64	3.05	Buy
06/26/18	DBS Vickers	A-Reit	2.58	3	Buy
07/03/18	UOB Kay Hian	A-Reit	2.61	3.05	Buy
07/06/18	DBS Vickers	A-Reit	2.65	3	Buy
07/16/18	Phillip	A-Reit	2.71	2.91	Accumulate
07/27/18	OCBC	A-Reit	2.72	2.71	Hold
07/30/18	Phillip	A-Reit	2.73	2.96	Accumulate	DDM, PB1.39x FY19
07/30/18	CIMB	A-Reit	2.73	2.89	Add	DDM
07/31/18	UOB Kay Hian	A-Reit	2.76	3.01	Buy	DDM
08/17/18	UOB Kay Hian	A-Reit	2.73	3.01	Buy
08/24/18	DBS Vickers	A-Reit	2.73	3	Buy

8Telecom - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/17	NRA	8Telecom	0.139	0	Not Rated	Fair value $0.181-$0.298

800Super - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/13/17	Phillip	800Super	1.09	1.42	Buy	DCF, PER15.4x FY17
05/15/17	Phillip	800Super	1.375	1.57	Accumulate	DCF, PER15.5x FY17
08/25/17	Phillip	800Super	1.18	1.53	Buy	DCF, PER16.9x FY18
10/05/17	Phillip	800Super	1.205	1.53	Buy	DCF, PER16.9x FY18
11/13/17	Phillip	800Super	1.175	1.43	Buy	DCF, PER15.9x FY18
01/16/18	Phillip	800Super	1.25	1.4	Accumulate	DCF, PER16.3x FY18
02/12/18	Phillip	800Super	1.14	1.35	Accumulate	DCF, PER17.8x FY18
05/14/18	Phillip	800Super	1.12	1.3	Accumulate	DCF, PER19.1x FY18

Stock calls for 29 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/29/18	Phillip	Capitamall Trust	2.15	2.05	Neutral	DDM
08/29/18	CIMB	HMI	0.61	0.79	Add	DCF
08/29/18	UOB Kay Hian	HMI	0.61	0.84	Buy	DCF
08/29/18	CIMB	IHH Healthcare	1.85	2.2	Add	Sum of parts, Ringgit $6.63 target
08/29/18	Phillip	Micro-Mechanics	1.83	2.3	Buy	PER17x
08/29/18	CIMB	Wing Tai	2	1.97	Hold	RNAV (45% discount)
08/29/18	OCBC	Wing Tai	2	2.41	Buy	RNAV (15% discount)
08/29/18	Lim & Tan	Wing Tai	2	0	Buy

Singapore is affected again by China anti-dumping probe.

https://www.businesstimes.com.sg/government-economy/china-to-start-new-anti-dumping-probe-on-some-bisphenol-a-imports

Singapore is an international trading hub and will get affected by China anti-dumping probe because China is our largest trading partner.

Therefore, it is better to build a cordial relationship with China so that we can get exemptions from China if the need arises.

http://sg-stock.blogspot.com/2017/08/omg-singapore-is-part-of-chinas-anti.html

http://sg-stock.blogspot.com/2018/04/singapore-gets-hit-again-with-another.html

Yuuzoo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/06/17	Lim & Tan	Yuuzoo	0.077	0	Sell/Avoid	Fraud alert
08/16/17	Lim & Tan	Yuuzoo	0.055	0	Sell
12/22/17	Lim & Tan	Yuuzoo	0.048	0	Sell
03/20/18	Lim & Tan	Yuuzoo	0.038	0	Sell/Avoid

Yongnam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/26/17	CIMB	Yongnam	0.305	0.53	Add	PB0.8x FY18
12/20/17	CIMB	Yongnam	0.325	0.53	Add
01/05/18	CIMB	Yongnam	0.335	0.53	Add	PB0.8x FY18
02/02/18	CIMB	Yongnam	0.35	0.53	Add	PB0.8x FY18
03/02/18	CIMB	Yongnam	0.3	0.57	Add	PB0.8x FY19
04/10/18	CIMB	Yongnam	0.29	0.57	Add	PB0.8x FY19
05/16/18	CIMB	Yongnam	0.31	0.56	Add	PB0.8x FY19
08/15/18	CIMB	Yongnam	0.255	0.45	Add	PB0.8x FY19

Yoma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Yoma	0.585	0.75	Buy	Sum of parts (10% discount)
02/13/17	DBS Vickers	Yoma	0.58	0.8	Buy
03/28/17	DMG & Partners	Yoma	0.62	0.78	Buy	Sum of parts (10% discount)
04/11/17	DIR	Yoma	0.63	0.66	Hold	Sum of parts (30% discount)
05/24/17	OCBC	Yoma	0.575	0.54	Hold
05/25/17	DBS Vickers	Yoma	0.575	0.8	Buy
05/25/17	DIR	Yoma	0.575	0.62	Hold	Sum of parts (30% discount)
06/06/17	DMG & Partners	Yoma	0.59	0.78	Buy	Sum of parts (10% discount)
07/05/17	OCBC	Yoma	0.585	0.54	Hold
07/27/17	OCBC	Yoma	0.61	0.58	Hold
07/27/17	DMG & Partners	Yoma	0.61	0.78	Buy	Sum of parts (10% discount)
08/21/17	OCBC	Yoma	0.565	0.58	Hold
09/15/17	OCBC	Yoma	0.58	0.58	Hold
10/11/17	OCBC	Yoma	0.6	0.58	Hold
10/30/17	DBS Vickers	Yoma	0.59	0.75	Buy	Sum of parts (30% discount)
11/06/17	OCBC	Yoma	0.585	0.55	Hold
12/15/17	DBS Vickers	Yoma	0.54	0.75	Buy
01/02/18	OCBC	Yoma	0.54	0.55	Hold
02/07/18	OCBC	Yoma	0.48	0.55	Buy
03/07/18	OCBC	Yoma	0.42	0.51	Buy	Sum of parts
03/07/18	DBS Vickers	Yoma	0.42	0.75	Buy
05/03/18	DMG & Partners	Yoma	0.43	0.66	Buy	Sum of parts
05/31/18	DBS Vickers	Yoma	0.4	0.58	Buy	RNAV (40% discount)
06/29/18	CIMB	Yoma	0.365	0.62	Not Rated	Bloomberg consensus

Yanlord - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/17	DBS Vickers	Yanlord	1.5	2.21	Buy	PER8.9x FY17
05/17/17	DBS Vickers	Yanlord	1.895	2.25	Buy	PER8.3x FY17
05/18/17	Macquarie	Yanlord	1.88	0	Outperform
11/15/17	DBS Vickers	Yanlord	1.74	2.25	Buy	PER7.1x FY18
01/03/18	Citibank	Yanlord	1.72	1.75	Neutral	RNAV (50% discount)
05/21/18	DBS Vickers	Yanlord	1.67	2.27	Buy	PER6x FY18
06/06/18	OCBC	Yanlord	1.7	2.24	Buy	PER6x
08/16/18	OCBC	Yanlord	1.51	2.13	Buy	PER5.5x
08/20/18	DBS Vickers	Yanlord	1.48	2.17	Buy	PER5.5x FY18/19

Stock calls for 28 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/28/18	CIMB	Capitamall Trust	2.17	2.21	Hold	DDM
08/28/18	UOB Kay Hian	Capitamall Trust	2.17	2.02	Hold	DDM, Buy @ $1.84
08/28/18	phillip	Geo Energy	0.22	0.34	Buy	PER10x
08/28/18	Kim Eng	Guocoland	1.93	1.9	Hold	RNAV (45% discount)
08/28/18	UOB Kay Hian	HMI	0.62	0.82	Buy	DCF
08/28/18	UOB Kay Hian	Keppel T&T	1.4	1.51	Hold	Sum of parts, Buy @ $1.36
08/28/18	DBS Vickers	Koufu	0.655	0.84	Buy	PER17x FY19
08/28/18	DMG & Partners	Silverlake	0.46	0.57	Buy	DCF
08/28/18	DBS Vickers	UMS	0.825	0.86	Hold	PER10x FY19
08/28/18	Lim & Tan	Wheelock Properties	2.2	2.1	Reject offer	Offer $2.1
08/28/18	DBS Vickers	Y Venture	0.4	0.48	Hold	EV/Ebitda19x FY19

This is the reason why we need to avoid property investments in Malaysia.

https://sg.finance.yahoo.com/news/malaysia-bars-foreigners-forest-city-053237909.html

Malaysia is not a place for property investments because of its political instability.  This instability will affect the investment climate and shatter investors' confidence.

The forest city project will fall in prices because Malaysia is going to bar foreigners from investing and living in forest city by not issuing the visas.

Yangzijiang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/17	DBS Vickers	Yangzijiang	0.98	1.12	Buy	Sum of parts
03/02/17	DIR	Yangzijiang	0.98	0.82	Underperform	PER7.4x FY17
03/02/17	OCBC	Yangzijiang	0.98	0.96	Hold	PER8x
03/15/17	CIMB	Yangzijiang	1.105	1.21	Add	Sum of parts
04/03/17	CIMB	Yangzijiang	1.13	1.21	Add	Sum of parts
04/12/17	Credit Suisse	Yangzijiang	1.155	1	Neutral
04/28/17	Credit Suisse	Yangzijiang	1.16	1.1	Neutral
04/28/17	OCBC	Yangzijiang	1.16	0.96	Hold
05/02/17	CIMB	Yangzijiang	1.15	1.25	Buy	Sum of parts
05/02/17	DBS Vickers	Yangzijiang	1.15	1.35	Buy	Sum of parts
05/02/17	OCBC	Yangzijiang	1.15	1.18	Hold	Sum of parts
06/08/17	CLSA	Yangzijiang	1.235	0.9	Sell
07/06/17	OCBC	Yangzijiang	1.225	1.18	Hold
07/18/17	Credit Suisse	Yangzijiang	1.34	1.1	Neutral
07/21/17	DBS Vickers	Yangzijiang	1.35	1.35	Buy
08/10/17	UOB Kay Hian	Yangzijiang	1.555	1.42	Hold	PB1.1x, Buy @ $1.14
08/10/17	CIMB	Yangzijiang	1.555	1.66	Add	Sum of parts, PB1x
08/10/17	Credit Suisse	Yangzijiang	1.555	1.5	Neutral	Sum of parts
08/10/17	OCBC	Yangzijiang	1.555	1.58	Hold	Buy @ $1.48
08/11/17	DBS Vickers	Yangzijiang	1.595	1.7	Buy	Sum of parts, PB1.3x
08/25/17	DIR	Yangzijiang	1.565	1.24	Sell	PER10x FY17/18
09/04/17	CIMB	Yangzijiang	1.495	1.66	Add	Sum of parts
09/04/17	DBS Vickers	Yangzijiang	1.495	1.7	Buy	Sum of parts, PB1.3x
09/06/17	Credit Suisse	Yangzijiang	1.415	1.5	Neutral
09/25/17	OCBC	Yangzijiang	1.41	1.48	Hold
10/09/17	DBS Vickers	Yangzijiang	1.49	1.7	Buy
10/26/17	Credit Suisse	Yangzijiang	1.53	1.5	Neutral
11/13/17	OCBC	Yangzijiang	1.64	1.63	Hold
11/13/17	CIMB	Yangzijiang	1.64	1.8	Add	Sum of parts
11/14/17	DBS Vickers	Yangzijiang	1.67	1.82	Buy	Sum of parts, PB1.3x
12/20/17	CIMB	Yangzijiang	1.49	1.8	Add
03/02/18	OCBC	Yangzijiang	1.45	1.49	Hold	Sum of parts
03/02/18	CIMB	Yangzijiang	1.45	1.51	Hold	Sum of parts
03/05/18	DBS Vickers	Yangzijiang	1.41	1.82	Buy	Sum of parts, PB1.3x
03/16/18	OCBC	Yangzijiang	1.3	1.34	Hold	Sum of parts
04/30/18	DBS Vickers	Yangzijiang	1.16	1.82	Buy
04/30/18	CIMB	Yangzijiang	1.16	1.27	Hold	Sum of parts
04/30/18	OCBC	Yangzijiang	1.16	1.22	Hold
05/02/18	DBS Vickers	Yangzijiang	1.17	1.82	Buy	Sum of parts
06/06/18	CIMB	Yangzijiang	1.02	1.27	Add	Sum of parts
06/12/18	OCBC	Yangzijiang	0.995	1.18	Buy	Sum of parts
06/25/18	UOB Kay Hian	Yangzijiang	0.96	1.3	Buy
07/03/18	DBS Vickers	Yangzijiang	0.885	1.82	Buy	Sum of parts, PB1.25x
07/03/18	UOB Kay Hian	Yangzijiang	0.885	1.3	Buy
07/11/18	CIMB	Yangzijiang	0.91	1.27	Add	Sum of parts
08/08/18	CIMB	Yangzijiang	0.91	1.29	Add	Sum of parts
08/10/18	DBS Vickers	Yangzijiang	0.99	1.82	Buy	Sum of parts

Y Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/22/17	UOB Kay Hian	Y Venture	0.196	0.28	Buy
01/29/18	Phillip	Y Venture	0.44	0.7	Buy	PER30x FY18
03/05/18	Phillip	Y Venture	0.68	0.7	Neutral	PER30x FY18
03/05/18	UOB Kay Hian	Y Venture	0.68	0.8	Buy	Up from $0.65
03/28/18	DBS Vickers	Y Venture	0.535	0.77	Buy	EV/Ebitda20x FY19
04/09/18	UOB Kay Hian	Y Venture	0.53	0.8	Buy	PEG0.86x, Price-To-Sales2.6x FY19
05/28/18	CIMB	Y Venture	0.48	0.62	Add
06/28/18	CIMB	Y Venture	0.445	0.62	Add	PER30x CY19
08/02/18	CIMB	Y Venture	0.5	0.62	Add	PER30x FY19
08/02/18	DBS Vickers	Y Venture	0.5	0.77	Buy	EV/Ebitda20x FY19
08/03/18	Phillip	Y Venture	0.5	0.7	Buy
08/16/18	CIMB	Y Venture	0.445	0.56	Add	PER30x FY19
08/17/18	Phillip	Y Venture	0.44	0.61	Buy	PER30x FY18

World Class - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/26/17	UOB Kay Hian	World Class	0.23	0.32	Buy

Stock calls for 27 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/18	Lim & Tan	GL Ltd	0.77	0	Buy
08/27/18	Kim Eng	Oxley	0.35	0.36	Hold
08/27/18	CIMB	Silverlake	0.455	0.56	Add	DCF
08/27/18	UOB Kay Hian	Synagie	0.27	0.45	Buy	Price-to-Sales 4.2x FY19
08/27/18	DMG & Partners	UG Healthcare	0.22	0.32	Buy	PER12x FY19

Is a HDB really the same as a leasehold private property?

http://www.asiaone.com/singapore/pm-lee-hsien-loong-refutes-notion-99-year-hdb-lease-extended-rental-not-sale

Quote:

"HDB lessees have all the rights over their flats that owners of such leasehold private properties have. You can live in it, you can transact it, you can bequeath it to your children - it is yours," said Mr Lee, at a book launch held at the National University of Singapore.

End Quote.

If a HDB has the same property right as a leasehold private property, why does the HDB address a HDB owner as lessee instead of property owner whilst the URA addresses the leasehold private property owner as owner?

This shows that the HDB doesn't recognise the HDB as the true owner of the flat but just a lessee whilst URA recognises the leasehold property owner as the true owner.

Baltic dry index - 1697

Today, Friday, August 24 2018, the Baltic Dry Index decreased by 12 points, reaching 1697 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.

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Related stocks: Sembcorp Marine, Cosco & Pan Ocean.