Aoxin Q&M - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
06/01/18	Phillip	1D4	Aoxin Q&M	0.22	0.29	Not Rated	31.82	PER35x FY19

Stock calls for 3 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/19	UOB Kay Hian	Bumitama	0.67	0.81	Buy
01/03/19	OCBC	Capitaland	3.07	3.96	Buy
01/03/19	CIMB	DBS	23.49	27	Hold
01/03/19	UOB Kay Hian	First Resources	1.56	1.6	Hold
01/03/19	UOB Kay Hian	Golden Agri	0.245	0.2	Sell
01/03/19	CIMB	OCBC	11.1	14	Add
01/03/19	OCBC	UOL	6.07	8.41	Buy
01/03/19	UOB Kay Hian	Wilmar	3.13	3.9	Buy

The US treasury's situation is getting chaotic.

The chaotic situation (yield inversion) is depicted below.

2-year yield > 5-year yield
2-year yield > 3-year yield
1-year yield > 7-year yield
1-year yield > 5-year yield
1-year yield > 3-year yield
1-year yield > 2-year yield
6-month yield > 5-year yield
6-month yield > 3-year yield
6-month yield > 2-year yield
6-month yield > 1-year yield

http://sg-stock.blogspot.com/2018/12/the-us-markets-fell-heavily-because-of.html

The investors are buying the longer maturities rather than the shorter maturities because they've lost faith in the short-term debts out of fear that the government has short-term cashflow problems.  This is understandable from the investors' perspective because of the US government shutdown.  Nobody will believe that the US government will shut down for a long period and this is the reason that the investors will still buy the longer dated treasuries.

Apple plunges after Iphone sales disappoint.

https://finance.yahoo.com/news/apple-cuts-first-quarter-revenue-214529525.html

This is not surprising as we've been warning about Apple.

http://sg-stock.blogspot.com/2018/11/more-bad-news-for-apple.html

http://sg-stock.blogspot.com/2018/12/apple-iphones-are-banned-in-china-now.html

Investors would have avoided catching the falling knife if they've read our postings.

Cheers!

Amara - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/26/18	DMG & Partners	Amara	0.55	0.88	Buy	PB0.65x
05/16/18	DMG & Partners	Amara	0.515	0.88	Buy	PB0.65x
08/21/18	DMG & Partners	Amara	0.475	0.88	Buy	RNAV (35% discount)
11/14/18	DMG & Partners	Amara	0.42	0.88	Buy	PB0.65x

AIMS AMP Cap Ind Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/18	Lim & Tan	AIMS AMP Cap Ind Reit	1.37	0	Hold
02/02/18	Kim Eng	AIMS AMP Cap Ind Reit	1.37	1.5	Buy
03/19/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.57	Not Rated
04/16/18	Kim Eng	AIMS AMP Cap Ind Reit	1.38	1.5	Buy	DDM
06/19/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.55	Buy	DCF
07/06/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.55	Buy
10/26/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.35	1.55	Buy	DCF
12/07/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.34	1.5	Buy	DCF

AEM - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/18	CIMB	AEM	3.31	4.55	Add
01/24/18	CIMB	AEM	4.16	5.97	Add	PER10x CY19
02/02/18	CIMB	AEM	4.97	6.62	Add	PER10x CY19
03/02/18	CIMB	AEM	6.3	8.19	Add	PER10x CY19
04/03/18	CIMB	AEM	6.78	8.19	Add	PER10x FY19
04/26/18	CIMB	AEM	6.32	7.24	Add	PER10x FY19
05/25/18	CIMB	AEM	1.47	1.78	Add	3-for-1 bonus
08/01/18	CIMB	AEM	0.995	0.69	Reduce	PER10x FY19
11/01/18	CIMB	AEM	0.8	0.75	Hold	PER10x FY19

Stock calls for 2 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	DMG & Partners	A-Reit	2.57	2.9	Buy
01/02/19	DMG & Partners	Capitaland	3.11	4	Buy
01/02/19	DMG & Partners	CDL Hospitality	1.46	1.8	Buy
01/02/19	CIMB	CDL Hospitality	1.46	1.63	Add
01/02/19	DMG & Partners	DBS	23.69	29.8	Buy	GGM, PB1.54x FY19
01/02/19	DMG & Partners	Delfi	1.32	1.59	Buy
01/02/19	DMG & Partners	Fu Yu	0.19	0.23	Buy
01/02/19	DMG & Partners	Genting	0.975	1.23	Buy
01/02/19	DMG & Partners	HRnetGroup	0.8	1.18	Buy
01/02/19	DBS Vickers	Keppel KBS	0.61	0.78	Buy	DCF
01/02/19	Kim Eng	M1	2.09	1.63	Sell
01/02/19	DMG & Partners	Manulife US Reit	0.77	0.92	Buy
01/02/19	DBS Vickers	Manulife US Reit	0.77	0.88	Buy	DCF
01/02/19	CIMB	Mapletree Logistics	1.26	1.42	Add	DDM
01/02/19	UOB Kay Hian	Netlink	0.765	0.99	Buy	DCF
01/02/19	Kim Eng	Netlink	0.765	0.93	Buy
01/02/19	CIMB	OUE Hospitality	0.67	0.85	Add
01/02/19	DMG & Partners	Sheng Siong	1.06	1.27	Buy
01/02/19	DMG & Partners	Silverlake	0.415	0.65	Buy
01/02/19	DMG & Partners	Singapore Medical	0.4	0.56	Buy
01/02/19	UOB Kay Hian	Singtel	2.83	3.58	Buy	DCF
01/02/19	Kim Eng	Singtel	2.83	3.39	Hold
01/02/19	DMG & Partners	ST Engineering	3.51	3.97	Buy
01/02/19	DMG & Partners	Starhill	0.68	0.8	Buy
01/02/19	UOB Kay Hian	Starhub	1.75	1.6	Sell
01/02/19	Kim Eng	Starhub	1.75	2.21	Buy
01/02/19	DMG & Partners	UOB	24.57	30.8	Buy	GGM, PB1.41x FY19
01/02/19	DMG & Partners	Venture	13.85	19	Buy
01/02/19	DMG & Partners	Wilmar	3.16	3.58	Buy

Singapore Q4 GDP growth has slowed down!

https://sg.finance.yahoo.com/news/singapore-q4-gdp-growth-cools-trade-woes-darken-031521709--business.html

Singapore Q4 GDP growth has slowed to 1.6% compared to the expected 3.2% quarter on quarter forecast.  The year on year growth has also slowed to 2.2% than the 2.3% forecast.

Bitcoin prices will continue to fall in 2019!

https://sg.finance.yahoo.com/news/no-investment-strategies-worse-cryptocurrencies-115440699.html

Bitcoins are the worst investments among other financial derivatives.

As more people get educated about crypto, they will forsake and abandon cryptos.

Please read our analysis on crypto and ICO.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

Do not buy or use digital lock!

There is a cheap and simple device that can be used to unlock all digital locks.  Just wave the device around the digital lock to unlock it. So scary!

Do not use iphone installed car riding app in china.

The installed Iphone's car riding app costs about 30% more than installed Android's car riding app in China.  This is because Apple charges a 30% commission for the installed app.

Baltic dry index - 1271

Today, Monday, December 24 2018, the Baltic Dry Index decreased by 8 points, reaching 1271 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.

US rig count - 1083

The U.S. added two oil rigs this week, marking the second consecutive week for an increase, according to data compiled by Baker Hughes, a GE Company.

This week’s gain comes on the heels of an addition of 10 oil rigs last week. The nation’s number of active oil rigs is now 885.

The United States also added one gas rig this week.

The rig count for all but three major basins remained flat this week, including the Permian – which accounts for more than half of the nation’s oil rigs. The Granite Wash, Haynesville and Utica all added one rig apiece this week.

For the month of December, the rig count fell by two, its first decline in six months. But for the fourth quarter, the count was up 26, the fourth increase in a row, Reuters reported.

The total active rig count for this week is 1,083. This is 154 more than one year ago.

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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

Indonesia Tsunami CCTV footage.

The CCTV captured people running for their lives!

Advancer Global Ltd - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/18	SAC Advisors	Advancer Global Ltd	0.285	0.36	Buy
12/20/18	SAC Advisors	Advancer Global Ltd	0.23	0.36	Buy

Addvalue - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/08/18	NRA	Addvalue	0.042	0.079	Not Rated
04/25/18	NRA	Addvalue	0.04	0.079	Not Rated
06/08/18	NRA	Addvalue	0.041	0.052	Overweight	Mid-point of target $0.0485-$0.0552

Accrelist - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/31/18	NRA	Accrelist	0.006	0.012	Overweight

Accordia Golf Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/24/18	Amfrasers	Accordia Golf Trust	0.64	0.78	Buy	DDM
05/31/18	Lim & Tan	Accordia Golf Trust	0.595	0	Hold
06/01/18	Amfrasers	Accordia Golf Trust	0.605	0.7	Buy	DDM
08/21/18	Amfrasers	Accordia Golf Trust	0.565	0.7	Buy
11/15/18	Amfrasers	Accordia Golf Trust	0.49	0.61	Hold

Crypto exchanges are on the verge of collapsing now!

https://sg.finance.yahoo.com/news/bitcoin-exchange-giant-huobi-announces-095511105.html

As crypto prices stay low, these crypto exchanges' survival is getting difficult.  Many crypto exchanges will collapse when crypto prices go lower.  If bitcoin price goes below US$2,000, many crypto exchanges cannot survive because of the high expenses.  The VCs behind these exchanges will suffer humongous losses just like those who invested in bike sharing businesses.