Stock calls for 11 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/11/19	CIMB	DBS	26.97	29	Add
04/11/19	CIMB	First Reit	0.99	1.2	Add	DDM
04/11/19	CIMB	OCBC	11.72	12	Hold
04/11/19	Lim & Tan	Sunningdale	1.39	0	Hold
04/11/19	CIMB	UOB	26.56	29	Add
04/11/19	DMG & Partners	Yoma	0.32	0.57	Add	Sum of parts (20% discount)

Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/13/18	CIMB	Valuetronics	0.92	1.1	Add	PER11x CY19
02/13/18	UOB Kay Hian	Valuetronics	0.92	0.95	Buy	PER11.3x FY19, Buy @ $0.86
02/15/18	DMG & Partners	Valuetronics	0.915	1.05	Buy	DCF, PER11x FY19
03/23/18	Kim Eng	Valuetronics	0.955	1.25	Buy	ROE-g/COE-g, PB2.8x FY19
04/27/18	Kim Eng	Valuetronics	0.74	1.25	Buy	ROE-g/COE-g, PB2.8x FY19
04/27/18	CIMB	Valuetronics	0.74	1.1	Add	PER11x CY19
04/30/18	DMG & Partners	Valuetronics	0.68	0.96	Buy	PER10x FY19
05/22/18	DMG & Partners	Valuetronics	0.845	0.96	Buy
05/28/18	Lim & Tan	Valuetronics	0.825	0	Hold
05/30/18	CIMB	Valuetronics	0.795	0.95	Add	PER10x CY19
05/30/18	UOB Kay Hian	Valuetronics	0.795	0.96	Buy	PER11.3x FY19
05/30/18	DMG & Partners	Valuetronics	0.795	0.92	Buy	PER9.5x FY19
05/30/18	Kim Eng	Valuetronics	0.795	1.15	Buy
06/27/18	DMG & Partners	Valuetronics	0.665	0.92	Buy
08/15/18	Kim Eng	Valuetronics	0.735	1.05	Buy
08/15/18	UOB Kay Hian	Valuetronics	0.735	0.96	Buy	PER11.3x FY19
08/15/18	DMG & Partners	Valuetronics	0.735	0.92	Buy	PER10x FY19
08/15/18	CIMB	Valuetronics	0.735	0.95	Add	PER10x CY19
09/03/18	UOB Kay Hian	Valuetronics	0.75	0.96	Buy	PER11.3x FY19
09/24/18	CIMB	Valuetronics	0.68	0.95	Add	PER10x CY19
09/24/18	Kim Eng	Valuetronics	0.68	1.05	Buy	ROE-g/COE-g, PB2.3x FY19
09/25/18	DMG & Partners	Valuetronics	0.685	0.92	Buy	DCF
10/03/18	UOB Kay Hian	Valuetronics	0.7	0.96	Buy
11/02/18	UOB Kay Hian	Valuetronics	0.635	0.96	Buy
11/13/18	Kim Eng	Valuetronics	0.68	0.96	Buy	ROE-g/COE-g, PB2.1x FY19
11/13/18	UOB Kay Hian	Valuetronics	0.68	0.87	Buy	PER10.9x FY19
11/13/18	DMG & Partners	Valuetronics	0.68	0.82	Buy	DCF, PER10x FY19
11/13/18	CIMB	Valuetronics	0.68	0.93	Add	PER10x CY19
12/04/18	UOB Kay Hian	Valuetronics	0.695	0.87	Buy
01/04/19	UOB Kay Hian	Valuetronics	0.66	0.87	Buy
01/07/19	DMG & Partners	Valuetronics	0.675	0.82	Buy
01/08/19	Kim Eng	Valuetronics	0.69	0.9	Buy	PB1.9x FY19
02/14/19	Kim Eng	Valuetronics	0.74	1.05	Buy	ROE-g/COE-g, PB2.1x FY20
02/14/19	DMG & Partners	Valuetronics	0.74	0.78	Neutral	DCF
02/14/19	CIMB	Valuetronics	0.74	0.73	Hold	PER8.5x CY19
02/15/19	UOB Kay Hian	Valuetronics	0.71	0.87	Buy
03/19/19	DMG & Partners	Valuetronics	0.69	0.78	Neutral
03/21/19	Kim Eng	Valuetronics	0.685	1.05	Buy	PB2.1x FY20
04/09/19	Kim Eng	Valuetronics	0.7	1.05	Buy

Valuemax - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/18	Amfrasers	Valuemax	0.295	0.39	Buy

UOL - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/18	Deutsche	UOL	9.08	10	Buy
01/16/18	CIMB	UOL	9.34	9.62	Add
01/16/18	Kim Eng	UOL	9.34	9.85	Buy	RNAV (15% discount), PB0.85x
01/16/18	Credit Suisse	UOL	9.34	10.8	Outperform
02/07/18	OCBC	UOL	8.71	9.7	Buy
02/07/18	CIMB	UOL	8.71	9.62	Add
02/19/18	DBS Vickers	UOL	8.34	10.15	Buy
02/28/18	Kim Eng	UOL	8.52	10.4	Buy	RNAV (10% discount)
02/28/18	OCBC	UOL	8.52	10.63	Buy	RNAV
02/28/18	CIMB	UOL	8.52	9.67	Add	RNAV (20% discount)
02/28/18	Credit Suisse	UOL	8.52	10.8	Outperform
03/06/18	DBS Vickers	UOL	8.38	10.23	Buy	RNAV (15% discount)
03/12/18	OCBC	UOL	8.75	10.63	Buy
03/16/18	CIMB	UOL	8.79	9.67	Add
03/20/18	Kim Eng	UOL	8.69	10.4	Buy
04/02/18	CIMB	UOL	8.55	9.67	Add	RNAV (20% discount)
04/03/18	OCBC	UOL	8.64	10.63	Buy
04/03/18	DBS Vickers	UOL	8.64	10.23	Buy
04/11/18	Kim Eng	UOL	8.64	10.4	Buy	RNAV (10% discount)
04/13/18	Deutsche	UOL	8.64	10	Buy
05/14/18	OCBC	UOL	8.72	10.63	Buy
05/14/18	CIMB	UOL	8.72	9.65	Add	RNAV (20% discount)
05/14/18	Lim & Tan	UOL	8.72	0	Buy
05/15/18	DBS Vickers	UOL	8.61	10.23	Buy
06/13/18	DBS Vickers	UOL	8	10.23	Buy
06/13/18	CIMB	UOL	8	9.65	Add	RNAV (20% discount)
06/20/18	Kim Eng	UOL	7.5	10.85	Buy
06/26/18	OCBC	UOL	7.45	10.63	Buy
07/06/18	CIMB	UOL	7.75	9.65	Add
07/06/18	Kim Eng	UOL	7.75	10.85	Buy
07/06/18	Deutsche	UOL	7.75	8.3	Hold
07/09/18	OCBC	UOL	6.7	8.48	Buy	RNAV (35% discount)
07/09/18	DBS Vickers	UOL	6.7	7.82	Buy	RNAV (35% discount)
07/09/18	Kim Eng	UOL	6.7	8.95	Buy
07/17/18	Lim & Tan	UOL	6.79	0	Buy
08/06/18	Kim Eng	UOL	7	8.8	Buy	RNAV (35% discount)
08/06/18	OCBC	UOL	7	8.48	Buy
08/06/18	CIMB	UOL	7	8.45	Add	RNAV (30% discount)
08/07/18	DBS Vickers	UOL	7.03	7.82	Hold	RNAV (35% discount)
09/06/18	Kim Eng	UOL	6.76	8.8	Buy
09/14/18	OCBC	UOL	6.85	8.48	Buy
09/18/18	CIMB	UOL	6.88	8.45	Add
09/25/18	Deutsche	UOL	6.95	8.3	Hold
10/02/18	CIMB	UOL	6.88	8.45	Add
11/05/18	DBS Vickers	UOL	6.32	7.82	Hold
11/14/18	CIMB	UOL	6.18	8.45	Add	RNAV (30% discount)
11/14/18	OCBC	UOL	6.18	8.41	Buy	RNAV (35% discount)
11/14/18	Lim & Tan	UOL	6.18	0	Buy
12/05/18	OCBC	UOL	6.3	8.41	Buy
12/07/18	Lim & Tan	UOL	6.23	0	Buy
12/11/18	DBS Vickers	UOL	6.15	7.15	Hold	RNAV (40% discount)
01/03/19	OCBC	UOL	6.07	8.41	Buy
01/04/19	Lim & Tan	UOL	6	0	Buy
01/17/19	DBS Vickers	UOL	6.65	7.15	Hold
02/12/19	Lim & Tan	UOL	6.57	0	Buy
02/27/19	CIMB	UOL	6.77	8.45	Add	RNAV
02/27/19	OCBC	UOL	6.77	8.45	Buy	RNAV
02/27/19	Lim & Tan	UOL	6.77	0	Buy
02/28/19	DBS Vickers	UOL	6.75	7.15	Hold	RNAV (40% discount)
03/18/19	OCBC	UOL	6.45	8.45	Buy	RNAV
03/28/19	CIMB	UOL	6.78	8.45	Add
04/02/19	OCBC	UOL	7.11	8.45	Buy	RNAV

Stock calls for 10 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/10/19	DMG & Partners	DBS	27	29.6	Buy	PB1.43x FY20
04/10/19	OCBC	ESR-Reit	0.54	0.55	Hold
04/10/19	DBS Vickers	Frasers Property	1.84	2.3	Buy	RNAV (35% discount)
04/10/19	CIMB	OUE Commercial	0.51	0.57	Hold
04/10/19	CIMB	OUE Hospitality	0.725	0.85	Add
04/10/19	Lim & Tan	SPH	2.53	0	Hold
04/10/19	CIMB	SPH	2.53	2.64	Hold

China imposes another anti-dumping measure against SG again.

https://sg.finance.yahoo.com/news/china-launch-anti-dumping-probe-010949972.html

Poor SG! We get hit with another anti-dumping measure by China.

Previous anti-dumping measures imposed on SG:

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

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

http://sg-stock.blogspot.com/2018/02/china-imposes-anti-dumping-measure-on.html

UOB Kay Hian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/09/18	Lim & Tan	UOB Kay Hian	1.23	0	Buy

UOB - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/18	DBS Vickers	UOB	27.02	29.5	Buy	GGM, PB1.4x FY18
01/08/18	DMG & Partners	UOB	26.91	28.88	Buy
01/08/18	JP Morgan	UOB	26.91	33	Overweight	Up from $28
01/09/18	Deutsche	UOB	27.25	30.6	Buy
01/10/18	phillip	UOB	27.8	25.22	Accumulate
01/26/18	OCBC	UOB	27.98	30.1	Buy	PB1.3x FY18
02/07/18	OCBC	UOB	26.62	30.1	Buy
02/08/18	Macquarie	UOB	26.4	27.5	Neutral
02/12/18	phillip	UOB	26.24	25.22	Accumulate
02/15/18	CIMB	UOB	26.24	28	Add	GGM, PB1.3x FY18, PER11.3x FY19
02/15/18	DMG & Partners	UOB	26.24	30	Buy	GGM, PB1.35x FY18
02/15/18	Kim Eng	UOB	26.24	29.33	Buy	PB1.3x FY18
02/15/18	Credit Suisse	UOB	26.24	31.7	Outperform	GGM
02/15/18	Jefferies	UOB	26.24	29.5	Buy
02/15/18	DBS Vickers	UOB	26.24	30	Buy	GGM, PB1.3x FY18
02/21/18	phillip	UOB	27.22	29	Buy	GGM, PB1.35x
02/22/18	UBS	UOB	27.6	27.5	Neutral
02/22/18	Jefferies	UOB	27.6	33	Buy
03/05/18	OCBC	UOB	27.75	30.86	Buy	PB1.3x FY18
03/20/18	Kim Eng	UOB	28.1	31.08	Buy	GGM, PB1.4x FY18
03/22/18	Lim & Tan	UOB	28.58	0	Buy
04/04/18	DMG & Partners	UOB	26.96	30	Buy
04/20/18	CIMB	UOB	29.78	33	Add	GGM, PB1.5x FY18
04/27/18	DBS Vickers	UOB	29.39	33.2	Buy	GGM, PB1.5x FY18
05/03/18	Jefferies	UOB	29.99	34	Buy
05/03/18	DMG & Partners	UOB	29.99	33.3	Buy	GGM, PB1.51x FY18
05/04/18	phillip	UOB	29.58	31.7	Accumulate	GGM, PB1.5x FY18
05/04/18	CIMB	UOB	29.58	33	Add	GGM, PB1.5x FY18
05/04/18	Kim Eng	UOB	29.58	32.88	Buy	GGM, PB1.5x FY18
05/04/18	DBS Vickers	UOB	29.58	33.2	Buy	GGM, PB1.5x FY18
05/09/18	Macquarie	UOB	29.34	30.5	Outperform
06/04/18	phillip	UOB	28.1	31.7	Accumulate
06/13/18	OCBC	UOB	27.86	31.02	Buy
06/28/18	DBS Vickers	UOB	26.36	33.2	Buy
07/02/18	phillip	UOB	26.76	31.7	Accumulate
07/06/18	DBS Vickers	UOB	27.09	28.3	Hold	GGM, PB1.3x FY18
07/16/18	DMG & Partners	UOB	26.55	33.3	Buy	GGM, PB1.43x FY19
08/01/18	phillip	UOB	27.02	31.7	Accumulate
08/03/18	Macquarie	UOB	26.7	32	Outperform
08/03/18	Lim & Tan	UOB	26.7	0	Buy
08/03/18	DMG & Partners	UOB	26.7	33.3	Buy	GGM, PB1.42x FY19
08/06/18	OCBC	UOB	26.59	32.09	Buy
08/06/18	CIMB	UOB	26.59	31	Add	GGM, PB1.4x FY18
08/06/18	DBS Vickers	UOB	26.59	31.7	Buy	GGM, PB1.4x FY19
08/06/18	JP Morgan	UOB	26.59	32	Overweight
08/07/18	phillip	UOB	27.13	34.5	Buy	GGM, PB1.6x FY18
09/26/18	phillip	UOB	27.01	33.69	Buy	GGM, PB1.6x FY18
10/01/18	DMG & Partners	UOB	27.08	33.3	Buy	GGM, PB1.45x FY19
10/02/18	phillip	UOB	27.05	33.69	Buy
10/11/18	Jefferies	UOB	25.88	34	Buy
10/19/18	DBS Vickers	UOB	25.48	31.7	Buy
10/26/18	Lim & Tan	UOB	24.95	0	Buy
10/26/18	OCBC	UOB	24.95	32.09	Buy
10/26/18	Jefferies	UOB	24.95	32	Buy
10/29/18	phillip	UOB	24.07	32.52	Buy	GGM, PB1.4x FY19
10/29/18	DBS Vickers	UOB	24.07	29.5	Buy	GGM, PB1.3x FY19
10/29/18	DMG & Partners	UOB	24.07	30.8	Buy	GGM, PB1.41x FY19
10/29/18	CIMB	UOB	24.07	31	Add
10/29/18	OCBC	UOB	24.07	28.8	Buy
10/29/18	Jefferies	UOB	24.07	32	Buy
10/31/18	Macquarie	UOB	24	30.5	Outperform
11/01/18	phillip	UOB	24.38	32.52	Buy
11/13/18	DBS Vickers	UOB	24.49	29.5	Buy
11/13/18	JP Morgan	UOB	24.49	29	Overweight
11/20/18	DMG & Partners	UOB	24.25	30.8	Buy
12/04/18	DBS Vickers	UOB	25.98	29.5	Buy	GGM, PB1.3x FY19
12/14/18	DMG & Partners	UOB	24.89	30.8	Buy
01/02/19	DMG & Partners	UOB	24.57	30.8	Buy	GGM, PB1.41x FY19
01/03/18	CIMB	UOB	24.31	31	Add	PER11.4x FY20
01/03/18	JP Morgan	UOB	24.31	30	Overweight
01/04/19	phillip	UOB	23.99	32.52	Buy
01/04/19	Jefferies	UOB	23.99	31	Buy
01/29/19	DMG & Partners	UOB	25.83	29.8	Buy	GGM, PB1.37x FY19
01/29/19	CIMB	UOB	25.83	32	Add	GGM, PB1.4x CY19
01/31/19	Kim Eng	UOB	25.3	30.5	Buy	DDM
02/01/19	phillip	UOB	25.19	32.52	Buy
02/12/19	Kim Eng	UOB	25.34	30.5	Buy
02/22/19	DMG & Partners	UOB	25.98	29.8	Buy	PB1.35x FY19
02/25/19	Jefferies	UOB	25.58	30	Buy	PER12.3x FY19
02/25/19	OCBC	UOB	25.58	28.3	Buy	PB1.2x FY19
02/25/19	DBS Vickers	UOB	25.58	29.2	Buy	GGM, PB1.2x
02/25/19	phillip	UOB	25.58	32.51	Buy	GGM, PB1.4x FY19
02/25/19	Kim Eng	UOB	25.58	29.71	Buy	DDM
02/25/19	CIMB	UOB	25.58	29	Add	GGM, PB1.3x FY19
02/26/19	Macquarie	UOB	25.39	30.5	Outperform	PB
03/04/19	phillip	UOB	25	32.5	Buy
03/07/19	Kim Eng	UOB	25.1	29.71	Buy
03/11/19	CIMB	UOB	24.91	29	Add
03/13/19	DMG & Partners	UOB	25.04	29.8	Buy
03/26/19	OCBC	UOB	24.95	28.3	Buy
04/02/19	phillip	UOB	25.42	32.5	Buy
04/02/19	DBS Vickers	UOB	25.42	29.2	Buy

United Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/18	SAC Advisors	United Global	0.41	0.5	Buy	PER12.2x FY18

Stock calls for 9 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/09/19	Phillip	ART	1.18	1.36	Buy	DDM, PB0.94x FY19
04/09/19	DMG & Partners	CDL Hospitality	1.67	1.8	Buy
04/09/19	CIMB	First Resources	1.79	2.12	Add
04/09/19	OCBC	Golden Agri	0.315	0.29	Hold	PB0.65x
04/09/19	CIMB	Golden Agri	0.315	0.23	Reduce
04/09/19	Kim Eng	Hi-P	1.63	1.22	Sell	PB1.5x FY19
04/09/19	CIMB	Keppel DC Reit	1.48	1.54	Add	DDM
04/09/19	DMG & Partners	OUE Hospitality	0.735	0.76	Take Profit	Accept offer
04/09/19	DBS Vickers	OUE Hospitality	0.735	0.85	Buy
04/09/19	DBS Vickers	Sembcorp Industries	2.75	3.9	Buy
04/09/19	Amfrasers	Sembcorp Marine	1.7	2.48	Buy
04/09/19	DBS Vickers	Sembcorp Marine	1.7	2.4	Buy
04/09/19	DBS Vickers	Singtel	3.06	3.55	Buy	Sum of parts
04/09/19	Amfrasers	Uni-Asia	1.16	1.86	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19
04/09/19	Kim Eng	Valuetronics	0.7	1.05	Buy
04/09/19	OCBC	Wilmar	3.49	3.44	Hold	PB0.9x
04/09/19	CIMB	Wilmar	3.49	3.96	Add

No Standard Chartered Bank ceo or cfo is arrested for violating US sanctions.

https://sg.news.yahoo.com/exclusive-standard-chartered-expected-pay-just-over-1-022444381--sector.html

Why is the bank ceo or cof not arrested for violating US sanction but Huawei cfo is arrested?

Why? Why? Why?

China wants to eliminate bitcoin mining.

https://sg.news.yahoo.com/china-says-wants-eliminate-bitcoin-mining-042048452--sector.html

Game over! China is eliminating bitcoin mining.  Maybe bitcoin mining is using too much energy in China that China wants to put a stop to it.  Maybe China wants to get out of this big Ponzi scheme and focus on real technology.  Anyway, this will force China miners to relocate to other countries and cause their electricity consumption to spike up.

Public distrust is eroding our society.

https://sg.news.yahoo.com/man-calls-improvement-emergency-response-092012100.html

Public distrust is eroding our society and causing residents to become apathy.

I use the word residents because we have a lot of foreigners in SG now.  Therefore, those who don't render help in public may not be Singaporeans.  Anyway, it doesn't pay to be a Samaritan in SG (read the post below).

http://sg-stock.blogspot.com/2018/01/it-doesnt-pay-to-be-samaritan-in.html

Central banks are adding gold to their reserves.

https://www.businessinsider.sg/gold-china-buying-spree-continues-as-central-banks-boost-demand-2019-4/

Central banks are adding gold to their reserves!

As gold is a non-yielding asset, it makes us wonder why the central banks around the world are adding gold to their reserves.  The traditional rationale is gold is a store of value and also a safe haven.  Therefore, the central banks' action is telling us that something is not right in the world economy.

Always watch what the central banks are doing and not what they're saying.  Seeing is believing!

United Engineers - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/02/18	CIMB	United Engineers	2.61	2.94	Add	RNAV (15% discount)
05/08/18	CIMB	United Engineers	2.67	2.94	Add	RNAV (15% discount)

Uni-Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/16/18	Amfrasers	Uni-Asia	1.45	1.81	Buy	Sum of parts, PB0.5x FY18, PER10x FY18
05/22/18	Amfrasers	Uni-Asia	1.4	1.81	Buy	Sum of parts, PB0.5x FY18, PER10x FY18
06/06/18	Amfrasers	Uni-Asia	1.41	2	Buy	Sum of parts, PB0.55x FY18, PER11x FY18
08/23/18	Tayrona	Uni-Asia	1.38	1.99	Overweight	PB0.5x
03/14/19	Amfrasers	Uni-Asia	1.2	2.07	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19

UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/18	DBS Vickers	UMS	1.16	1.37	Buy	PER12x FY18
03/01/18	CIMB	UMS	1.16	1.31	Add	PB2.95x FY18
04/03/18	DBS Vickers	UMS	1.13	1.37	Buy
05/14/18	DBS Vickers	UMS	1.04	1.37	Buy	PER12x FY19
05/15/18	CIMB	UMS	1.07	1.21	Add	PB2.81x
08/15/18	CIMB	UMS	0.79	1.21	Add	PB2.82x
08/15/18	DBS Vickers	UMS	0.79	1.01	Buy	PER10x FY19
08/28/18	DBS Vickers	UMS	0.825	0.86	Hold	PER10x FY19
11/14/18	CIMB	UMS	0.715	0.75	Hold	PB1.72x
11/14/18	DBS Vickers	UMS	0.715	0.55	Fully Valued	PER8x FY19
02/26/19	DBS Vickers	UMS	0.71	0.55	Fully Valued	PER8x FY19
02/28/19	CIMB	UMS	0.74	0.62	Reduce	PB1.37x CY19

Stock calls for 8 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/08/19	UOB Kay Hian	Bumitama	0.725	0.81	Buy
04/08/19	DBS Vickers	Frasers Commercial Trust	1.47	1.7	Buy
04/08/19	DBS Vickers	Frasers Property	1.81	1.98	Buy
04/08/19	Amfrasers	Keppel DC Reit	1.47	1.62	Buy	DDM
04/08/19	UOB Kay Hian	Koufu	0.805	0.95	Buy
04/08/19	CIMB	Singapore Post	1.03	1.2	Add	DCF, PER18.2x FY21
04/08/19	Kim Eng	SPH Reit	1.06	1.05	Hold	DDM
04/08/19	CIMB	SPH Reit	1.06	1.08	Hold	DDM
04/08/19	OCBC	SPH Reit	1.06	1	Hold
04/08/19	DBS Vickers	SPH Reit	1.06	1.15	Buy	DCF
04/08/19	UOB Kay Hian	Wilmar	3.48	3.9	Buy

USA is gearing up for USD depreciation. - Part 3

https://sg.finance.yahoo.com/news/trump-urges-fed-lower-u-interest-rates-151125758--business.html

We've stated previously that the US had to depreciate its USD to deflate its debt pressure.  The latest statistics from IIF showed that the total US debt had exceeded US$68T.

http://sg-stock.blogspot.com/2019/04/omg-total-us-debt-has-exceeded-us68t.html

I think Trump is really getting antsy and is pressurizing FED to lower interest rates now.

http://sg-stock.blogspot.com/2019/03/usa-is-gearing-up-for-usd-depreciation.html

I've learnt in life that it is better to believe in what people do than what people say and this is especially true in economics.  After all, seeing is believing, isn't it?

The FED has changed its hawkish stance to a super-dovish stance for this year and indicated that there won't be any rate hike in 2019.  This is a crystal clear signal that the US economy is slowing down despite Trump saying that the US economy is strong.

US has proven that India is a liar. Hahaha!

https://sg.news.yahoo.com/report-says-u-count-shows-no-pakistan-f-065958102--finance.html

India proclaimed that it shot down Pakistan F16 but the US had verified with a stock count that Pakistan didn't lose any F16.

India has no credibility at all!