Singapore Stock Exchange - Equity Investments

Thursday, August 20, 2020

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/03/19	Phillip	Micro-Mechanics	1.59	1.6	Neutral	PER15x FY20
11/05/19	Phillip	Micro-Mechanics	1.9	1.6	Reduce
02/12/20	Phillip	Micro-Mechanics	1.88	1.6	Reduce	PER15x FY20
04/27/20	Phillip	Micro-Mechanics	1.64	1.6	Neutral
04/29/20	UOB Kay Hian	Micro-Mechanics	1.7	1.82	Hold	Buy @ $1.55
06/24/20	Lim & Tan	Micro-Mechanics	1.78	0	Buy on weakness

Mermaid - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/20	Amfrasers	Mermaid	0.07	0.085	Neutral	Sum of parts

Mapletree North Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/19/19	DBS Vickers	Mapletree North Asia	1.45	1.65	Buy	DCF
07/30/19	OCBC	Mapletree North Asia	1.38	1.43	Hold
07/31/19	CIMB	Mapletree North Asia	1.42	1.5	Add	DDM
08/14/19	OCBC	Mapletree North Asia	1.28	1.43	Buy
09/30/19	DBS Vickers	Mapletree North Asia	1.33	1.65	Buy	DCF
10/29/19	Lim & Tan	Mapletree North Asia	1.26	0	Hold
10/30/19	DBS Vickers	Mapletree North Asia	1.27	1.6	Buy	DCF
10/31/19	OCBC	Mapletree North Asia	1.27	1.43	Buy
11/12/19	DBS Vickers	Mapletree North Asia	1.23	1.6	Buy
12/05/19	OCBC	Mapletree North Asia	1.16	1.41	Buy
12/06/19	DBS Vickers	Mapletree North Asia	1.15	1.3	Buy	DCF
12/09/19	OCBC	Mapletree North Asia	1.18	1.36	Buy
01/20/20	OCBC	Mapletree North Asia	1.24	1.37	Buy
01/20/20	Lim & Tan	Mapletree North Asia	1.24	0	Hold
01/22/20	CIMB	Mapletree North Asia	1.24	1.31	Add	DDM
01/22/20	DBS Vickers	Mapletree North Asia	1.24	1.35	Buy	DCF
04/03/20	DBS Vickers	Mapletree North Asia	0.78	1.05	Buy	DCF
04/03/20	CIMB	Mapletree North Asia	0.78	1.3	Add
05/04/20	CIMB	Mapletree North Asia	0.945	1.26	Add
05/04/20	DBS Vickers	Mapletree North Asia	0.945	1.05	Buy	DCF
06/03/20	DBS Vickers	Mapletree North Asia	0.9	1.05	Buy
06/09/20	OCBC	Mapletree North Asia	0.98	1.13	Buy
07/13/20	OCBC	Mapletree North Asia	0.945	1.13	Buy
07/29/20	DBS Vickers	Mapletree North Asia	0.875	1.05	Buy
07/29/20	OCBC	Mapletree North Asia	0.875	1.09	Buy
07/29/20	CIMB	Mapletree North Asia	0.875	1.12	Add

Stock calls for 20 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/20/20	CIMB	Centurion	0.37	0.4	Add
08/20/20	Amfrasers	Delfi	0.74	0.93	outperform	PER15x
08/20/20	Kim Eng	Frencken	0.98	1.33	Buy	PB1.6x FY21
08/20/20	Phillip	Hyphens Pharma	0.45	0.495	Accumulate	DCF
08/20/20	Amfrasers	ISDN	0.365	0.47	Buy
08/20/20	Amfrasers	Manulife US Reit	0.725	0.86	Neutral	DDM
08/20/20	Lim & Tan	SBS Transit	2.84	0	Hold
08/20/20	Amfrasers	Sembcorp Marine	0.21	0.23	Neutral
08/20/20	Lim & Tan	Vicom	2.13	0	Hold

New Zealand is using genome sequencing to trace the source of its own covid outbreak.

https://sg.news.yahoo.com/new-zealand-coronavirus-outbreak-came-from-britain-or-australia-111529249.html

New Zealand is doing the right thing by using the scientific method (genome sequencing) instead of a political method to handle its COVID outbreak because this is the right way, unlike the US & UK. This is the reason why the US is the most infected country in the world.

http://sg-stock.blogspot.com/2020/04/it-is-time-to-sue-us-in-united-nation.html

Wednesday, August 19, 2020

Mapletree Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/19/19	DBS Vickers	Mapletree Logistics	1.61	1.85	Buy
07/23/19	OCBC	Mapletree Logistics	1.61	1.4	Hold
07/24/19	Kim Eng	Mapletree Logistics	1.61	1.55	Hold
07/25/19	UOB Kay Hian	Mapletree Logistics	1.6	1.39	Hold	DDM
09/18/19	DBS Vickers	Mapletree Logistics	1.58	1.85	Buy
10/22/19	Kim Eng	Mapletree Logistics	1.66	1.6	Hold
10/22/19	OCBC	Mapletree Logistics	1.66	1.41	Hold
10/22/19	CIMB	Mapletree Logistics	1.66	1.55	Hold	DDM
11/07/19	DBS Vickers	Mapletree Logistics	1.69	1.9	Buy
12/19/19	DBS Vickers	Mapletree Logistics	1.67	1.9	Buy
01/21/20	DBS Vickers	Mapletree Logistics	1.81	1.9	Buy	DCF
01/21/20	OCBC	Mapletree Logistics	1.81	1.59	Hold
01/21/20	Lim & Tan	Mapletree Logistics	1.81	0	Hold
01/22/20	DBS Vickers	Mapletree Logistics	1.82	1.9	Buy	DCF
01/22/20	CIMB	Mapletree Logistics	1.82	1.56	Hold	DDM
01/31/20	CIMB	Mapletree Logistics	1.85	1.59	Hold
02/04/20	DBS Vickers	Mapletree Logistics	1.85	1.9	Buy
03/02/20	DBS Vickers	Mapletree Logistics	1.85	1.9	Hold
03/04/20	UOB Kay Hian	Mapletree Logistics	1.89	2.08	Buy	DDM
04/08/20	DBS Vickers	Mapletree Logistics	1.63	1.85	Buy
04/27/20	UOB Kay Hian	Mapletree Logistics	1.73	2.08	Buy	DDM
04/27/20	Kim Eng	Mapletree Logistics	1.73	1.85	Hold
04/27/20	OCBC	Mapletree Logistics	1.73	1.79	Hold
04/27/20	CIMB	Mapletree Logistics	1.73	1.7	Hold
06/15/20	DBS Vickers	Mapletree Logistics	1.89	2.05	Buy
06/15/20	Kim Eng	Mapletree Logistics	1.89	2.1	Hold
07/21/20	OCBC	Mapletree Logistics	2.04	2.07	Hold
07/21/20	Lim & Tan	Mapletree Logistics	2.04	0	Hold
07/22/20	UOB Kay Hian	Mapletree Logistics	2.05	2.08	Hold	Buy @ $1.88
07/22/20	DBS Vickers	Mapletree Logistics	2.05	2.2	Buy
07/22/20	Kim Eng	Mapletree Logistics	2.05	2.55	Buy
07/22/20	CIMB	Mapletree Logistics	2.05	1.89	Hold

Mapletree Industrial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/11/19	CIMB	Mapletree Industrial	2.29	2.32	Add	DDM
07/11/19	Kim Eng	Mapletree Industrial	2.29	2.4	Buy	DDM
07/11/19	DBS Vickers	Mapletree Industrial	2.29	2.5	Buy	DCF
07/22/19	Phillip	Mapletree Industrial	2.31	2.03	Neutral	DDM, PB1.36x FY19
07/24/19	OCBC	Mapletree Industrial	2.3	2.06	Hold
07/24/19	CIMB	Mapletree Industrial	2.3	2.37	Hold
07/25/19	OCBC	Mapletree Industrial	2.25	2.29	Hold
07/25/19	UOB Kay Hian	Mapletree Industrial	2.25	1.94	Hold
08/26/19	Phillip	Mapletree Industrial	2.28	2.03	Neutral
09/13/19	UOB Kay Hian	Mapletree Industrial	2.3	2.58	Buy	DDM
09/17/19	OCBC	Mapletree Industrial	2.33	2.29	Hold
09/19/19	Kim Eng	Mapletree Industrial	2.4	2.5	Buy
09/19/19	OCBC	Mapletree Industrial	2.4	2.55	Buy
09/24/19	Phillip	Mapletree Industrial	2.47	2.03	Neutral
09/25/19	DBS Vickers	Mapletree Industrial	2.49	2.75	Buy
09/26/19	CIMB	Mapletree Industrial	2.49	2.44	Add	DDM
10/10/19	UOB Kay Hian	Mapletree Industrial	2.5	2.69	Buy
10/18/19	Phillip	Mapletree Industrial	2.57	2.06	Neutral
10/24/19	OCBC	Mapletree Industrial	2.52	2.55	Hold
10/24/19	UOB Kay Hian	Mapletree Industrial	2.52	2.9	Buy
10/24/19	DBS Vickers	Mapletree Industrial	2.52	2.75	Buy
11/21/19	Kim Eng	Mapletree Industrial	2.5	2.7	Buy
11/25/19	Phillip	Mapletree Industrial	2.51	2.03	Neutral
12/19/19	DBS Vickers	Mapletree Industrial	2.52	2.75	Buy
01/22/20	OCBC	Mapletree Industrial	2.78	2.87	Hold
01/22/20	DBS Vickers	Mapletree Industrial	2.78	3	Buy
01/23/20	UOB Kay Hian	Mapletree Industrial	2.77	2.9	Buy
02/04/20	DBS Vickers	Mapletree Industrial	2.78	3	Buy
03/02/20	DBS Vickers	Mapletree Industrial	2.68	3	Buy
03/13/20	Phillip	Mapletree Industrial	2.77	2.03	Neutral
03/18/20	UOB Kay Hian	Mapletree Industrial	2.14	2.9	Buy
04/17/20	DBS Vickers	Mapletree Industrial	2.41	2.7	Buy	DCF
04/28/20	Lim & Tan	Mapletree Industrial	2.44	0	Hold
04/29/20	Kim Eng	Mapletree Industrial	2.53	2.95	Buy	DDM
04/29/20	UOB Kay Hian	Mapletree Industrial	2.53	2.85	Buy
04/29/20	CIMB	Mapletree Industrial	2.53	2.66	Add	DDM
06/09/20	OCBC	Mapletree Industrial	2.82	2.84	Buy
06/24/20	Kim Eng	Mapletree Industrial	2.84	2.95	Buy	DDM
06/24/20	UOB Kay Hian	Mapletree Industrial	2.84	3.08	Buy
06/24/20	CIMB	Mapletree Industrial	2.84	2.81	Hold	DDM
07/02/20	DBS Vickers	Mapletree Industrial	2.9	3.25	Buy	DCF
07/22/20	Lim & Tan	Mapletree Industrial	2.97	0	Hold
07/22/20	OCBC	Mapletree Industrial	2.97	3.25	Buy
07/23/20	UOB Kay Hian	Mapletree Industrial	2.97	3.1	Buy
07/27/20	Kim Eng	Mapletree Industrial	3.16	3.3	Buy
08/18/20	DBS Vickers	Mapletree Industrial	3.14	3.25	Buy

Mapletree Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/10/19	CIMB	Mapletree Commercial	2.05	2.03	Add
07/19/19	DBS Vickers	Mapletree Commercial	2.07	2.25	Buy	DCF
07/26/19	OCBC	Mapletree Commercial	2.1	1.89	Sell
07/26/19	UOB Kay Hian	Mapletree Commercial	2.1	2.22	Buy
07/26/19	Lim & Tan	Mapletree Commercial	2.1	0	Hold
07/29/19	Kim Eng	Mapletree Commercial	2.07	2.1	Hold	DDM
08/22/19	CIMB	Mapletree Commercial	2.08	2.24	Add
08/28/19	UOB Kay Hian	Mapletree Commercial	2.12	2.22	Buy
09/09/19	DBS Vickers	Mapletree Commercial	2.24	2.39	Buy	DCF
09/27/19	Lim & Tan	Mapletree Commercial	2.36	0	Hold
09/30/19	UOB Kay Hian	Mapletree Commercial	2.34	2.38	Hold	DDM
09/30/19	Kim Eng	Mapletree Commercial	2.34	2.1	Hold
09/30/19	CIMB	Mapletree Commercial	2.34	2.38	Hold	DDM
10/16/19	UOB Kay Hian	Mapletree Commercial	2.34	2.38	Hold	DDM, Buy @ $2.16
10/16/19	CIMB	Mapletree Commercial	2.34	2.39	Hold	DDM
10/16/19	OCBC	Mapletree Commercial	2.34	2.28	Hold
10/16/19	Kim Eng	Mapletree Commercial	2.34	2.35	Hold	DDM
11/08/19	DBS Vickers	Mapletree Commercial	2.39	2.6	Buy	DCF
01/23/20	Kim Eng	Mapletree Commercial	2.44	2.45	Hold	DDM
01/24/20	DBS Vickers	Mapletree Commercial	2.43	2.6	Buy
01/24/20	Lim & Tan	Mapletree Commercial	2.43	0	Hold
02/03/20	OCBC	Mapletree Commercial	2.35	2.44	Hold
03/06/20	UOB Kay Hian	Mapletree Commercial	2.3	2.62	Buy	DDM
03/18/20	DBS Vickers	Mapletree Commercial	1.77	2.6	Buy
04/02/20	DBS Vickers	Mapletree Commercial	1.75	1.9	Buy
04/23/20	Lim & Tan	Mapletree Commercial	1.77	0	Take Profit
04/24/20	UOB Kay Hian	Mapletree Commercial	1.76	2.02	Buy	DDM
04/27/20	Kim Eng	Mapletree Commercial	1.76	2.15	Buy	DDM
05/27/20	UOB Kay Hian	Mapletree Commercial	1.95	2.38	Buy
05/29/20	DBS Vickers	Mapletree Commercial	1.66	2.25	Buy
06/03/20	DBS Vickers	Mapletree Commercial	2.07	2.25	Buy	DCF
06/08/20	Macquarie	Mapletree Commercial	2.12	2.05	Neutral
07/09/20	DBS Vickers	Mapletree Commercial	1.99	2.25	Buy
07/16/20	Kim Eng	Mapletree Commercial	1.94	2.15	Buy	DDM
07/27/20	UOB Kay Hian	Mapletree Commercial	1.88	2.35	Buy

Stock calls for 19 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/19/20	Macquarie	AIMS AMP Cap Ind Reit	1.18	1.45	Outperform
08/19/20	Macquarie	Capitamall Trust	1.88	2.45	Outperform	Sum of parts
08/19/20	Amfrasers	China Sunsine	0.345	0.47	Outperform
08/19/20	Lim & Tan	Comfortdelgro	1.41	0	Accumulate
08/19/20	Macquarie	Dairy Farm	4.21	5.7	Outperform	DCF
08/19/20	Macquarie	Frasers Logistics	1.39	1.6	outperform
08/19/20	DMG & Partners	Keppel Pacific	0.72	0.8	Buy
08/19/20	CIMB	Propnex	0.6	0.708	Add
08/19/20	Amfrasers	Singapore o&g	0.245	0.25	Neutral	PER16x
08/19/20	Phillip	Singtel	2.35	2.44	Neutral	Sum of parts
08/19/20	CIMB	Singtel	2.35	3.1	Add	Sum of parts
08/19/20	OCBC	Singtel	2.35	3.08	Buy
08/19/20	Lim & Tan	SPH	1.11	0	Hold
08/19/20	Macquarie	ST Engineering	3.48	3.45	outperform	Sum of parts
08/19/20	UOB Kay Hian	Tianjin Zhongxin	0.87	1.25	Buy	PER9.9x FY20
08/19/20	Macquarie	UOL	6.53	8.85	Outperform

Tuesday, August 18, 2020

Manulife US Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/04/19	DMG & Partners	Manulife US Reit	0.88	0.96	Buy
07/12/19	DMG & Partners	Manulife US Reit	0.875	0.98	Buy	DDM
08/15/19	Amfrasers	Manulife US Reit	0.89	0.98	outperform
08/15/19	DMG & Partners	Manulife US Reit	0.89	0.98	Buy	DDM
08/19/19	Kim Eng	Manulife US Reit	0.89	1	Buy	DDM
08/23/19	DBS Vickers	Manulife US Reit	0.895	1.1	Buy	DCF
09/11/19	DMG & Partners	Manulife US Reit	0.915	0.98	Buy
09/20/19	Kim Eng	Manulife US Reit	0.91	1.05	Buy	DDM
09/20/19	DMG & Partners	Manulife US Reit	0.91	1	Buy	DDM
09/20/19	Amfrasers	Manulife US Reit	0.91	1.01	outperform
10/02/19	DMG & Partners	Manulife US Reit	0.895	1	Buy
10/11/19	DBS Vickers	Manulife US Reit	0.905	1.1	Buy	DCF
11/01/19	CIMB	Manulife US Reit	0.915	1.12	Add	DDM
11/05/19	DMG & Partners	Manulife US Reit	0.92	1	Buy	DDM
11/05/19	DBS Vickers	Manulife US Reit	0.92	1.1	Buy
11/05/19	Kim Eng	Manulife US Reit	0.92	1.05	Buy
12/02/19	Amfrasers	Manulife US Reit	0.965	1.03	outperform
12/10/19	DMG & Partners	Manulife US Reit	1.02	1	Buy
12/13/19	DMG & Partners	Manulife US Reit	1	1.1	Buy	DDM
01/08/20	DMG & Partners	Manulife US Reit	0.99	1.1	Buy
02/06/20	DMG & Partners	Manulife US Reit	1.04	1.12	Buy	DDM
02/06/20	DBS Vickers	Manulife US Reit	1.04	1.15	Buy	DCF
02/06/20	Lim & Tan	Manulife US Reit	1.04	0	Hold
02/07/20	CIMB	Manulife US Reit	1.07	1.13	Add	DDM
02/07/20	Kim Eng	Manulife US Reit	1.07	1.15	Buy	DDM
02/11/20	Amfrasers	Manulife US Reit	1.05	1.11	Neutral
03/10/20	Amfrasers	Manulife US Reit	0.98	1.11	Neutral
03/20/20	DBS Vickers	Manulife US Reit	0.565	1.15	Buy
03/20/20	CIMB	Manulife US Reit	0.565	1.15	Add
03/25/20	DMG & Partners	Manulife US Reit	0.7	0.88	Buy	DDM
04/07/20	DMG & Partners	Manulife US Reit	0.665	0.88	Buy
05/11/20	DMG & Partners	Manulife US Reit	0.705	0.9	Buy	DDM
05/11/20	CIMB	Manulife US Reit	0.705	1.05	Add
06/23/20	DMG & Partners	Manulife US Reit	0.76	0.9	Buy
07/20/20	Phillip	Manulife US Reit	0.705	0.8	Buy	DDM
07/21/20	UOB Kay Hian	Manulife US Reit	0.7	0.85	Buy	DDM
08/04/20	Kim Eng	Manulife US Reit	0.775	1.15	Buy	DDM
08/04/20	DMG & Partners	Manulife US Reit	0.775	0.9	Buy	DDM
08/04/20	UOB Kay Hian	Manulife US Reit	0.775	0.85	Buy
08/04/20	Lim & Tan	Manulife US Reit	0.775	0	Buy at weakness
08/04/20	CIMB	Manulife US Reit	0.775	1.05	Add	DDM
08/06/20	Phillip	Manulife US Reit	0.795	0.9	Buy	DDM