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Thursday, June 10, 2010

Singapore Land - A big property landlord

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

02/17/10 AmFraser Singapore Land 6.3 8.98 Buy RNAV
04/30/10 AmFraser Singapore Land 6.69 8.78 Buy RNAV

01/11/10 CIMB Singapore Land 6.66 6.51 Underperform RNAV (20% discount)
02/17/10 CIMB Singapore Land 6.3 6.73 Underperform RNAV (20% discount)
04/16/10 CIMB Singapore Land 6.89 6.73 Underperform
05/10/10 CIMB Singapore Land 6.7 6.73 Neutral
05/18/10 CIMB Singapore Land 6.73 6.73 Underperform
05/20/10 CIMB Singapore Land 6.75 7.68 Neutral RNAV (15% discount)

02/17/10 DBS Vickers Singapore Land 6.3 6.94 Hold RNAV (10% discount)
03/08/10 DBS Vickers Singapore Land 6.63 6.94 Hold

02/17/10 Kim Eng Singapore Land 6.3 6.69 Hold RNAV (20% discount)
04/26/10 Kim Eng Singapore Land 6.8 6.69 Hold

Wednesday, June 9, 2010

Viking Offshore Marine - OCBC is a strong supporter for this stock

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

04/29/10 OCBC Viking 0.215 0.31 Buy Sum of parts
05/06/10 OCBC Viking 0.2 0.31 Buy
05/20/10 OCBC Viking 0.205 0.31 Buy
06/09/10 OCBC Viking 0.18 0.31 Buy

SC Global - A niche property developer!

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

05/13/10 AmFraser SC Global 1.63 2.65 Buy RNAV

01/04/10 DBS Vickers SC Global 1.71 1.92 Buy
02/26/10 DBS Vickers SC Global 1.73 2.1 Buy RNAV (25% discount)
03/08/10 DBS Vickers SC Global 1.82 2.1 Buy
03/30/10 DBS Vickers SC Global 1.85 2.1 Buy
05/13/10 DBS Vickers SC Global 1.63 2.1 Buy RNAV (25% discount)
05/18/10 DBS Vickers SC Global 1.67 2.1 Buy

02/26/10 DMG & Partners SC Global 1.73 2.26 Buy RNAV (20% discount)
03/15/10 DMG & Partners SC Global 1.9 2.26 Buy
04/01/10 DMG & Partners SC Global 1.9 2.26 Buy
04/16/10 DMG & Partners SC Global 1.87 2.26 Buy
05/14/10 DMG & Partners SC Global 1.63 2.62 Buy RNAV (20% discount)

01/18/10 phillip SC Global 2 2.03 Hold RNAV (20% discount)
02/22/10 phillip SC Global 1.8 2.03 Hold
02/26/10 phillip SC Global 1.75 1.92 Hold RNAV (20% discount)
05/13/10 phillip SC Global 1.63 1.93 Buy RNAV (20% discount)

Tuesday, June 8, 2010

Soilbuild - A great property developer that is well-liked by OCBC

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

02/01/10 OCBC Soilbuild 0.97 1.33 Buy
02/11/10 OCBC Soilbuild 1.05 1.75 Buy RNAV
03/03/10 OCBC Soilbuild 1.16 1.75 Buy
04/05/10 OCBC Soilbuild 1.47 1.75 Buy
04/15/10 OCBC Soilbuild 1.49 1.81 Buy RNAV
05/14/10 OCBC Soilbuild 1.3 1.76 Buy RNAV
06/03/10 OCBC Soilbuild 0.62 0.88 Buy RNAV
06/07/10 OCBC Soilbuild 0.65 0.88 Buy RNAV

STX Pan Ocean - The great shipper!

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

02/22/10 CIMB STX Pan Ocean 13.8 17.3 Outperform Sum of parts
05/14/10 CIMB STX Pan Ocean 15 17.3 Outperform Sum of parts
05/18/10 CIMB STX Pan Ocean 15 17.3 Outperform

02/22/10 DBS Vickers STX Pan Ocean 13.8 10.5 Fully Valued PB0.7x

Monday, June 7, 2010

Swiber - CIMB loves this stock.

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

03/02/10 AmFraser Swiber 1.08 1.3 Buy PER16x

01/21/10 CIMB Swiber 1.15 1.72 Outperform PER12x
02/05/10 CIMB Swiber 1.04 1.72 Outperform PER12x
03/02/10 CIMB Swiber 1.07 1.65 Outperform PER12x
04/06/10 CIMB Swiber 1.13 1.65 Outperform PER12x
05/03/10 CIMB Swiber 1.15 1.65 Outperform PER12x
05/14/10 CIMB Swiber 1.09 1.65 Outperform PER12x
05/18/10 CIMB Swiber 1.09 1.65 Outperform
05/21/10 CIMB Swiber 1 1.65 Outperform PER12x
05/31/10 CIMB Swiber 0.96 1.65 Outperform

01/04/10 DBS Vickers Swiber 1.02 1.24 Buy PER5.9x
05/17/10 DBS Vickers Swiber 1.09 1.42 Buy PER10x

01/04/10 OCBC Swiber 1.02 1.1 Hold PER9x
02/19/10 OCBC Swiber 1.05 1.1 Hold
03/03/10 OCBC Swiber 1.03 1.1 Hold
03/05/10 OCBC Swiber 1.03 1.1 Hold
03/26/10 OCBC Swiber 1.05 1.1 Hold
05/06/10 OCBC Swiber 1.12 1.1 Hold
05/17/10 OCBC Swiber 1.09 1.38 Buy PER11x
05/20/10 OCBC Swiber 0.985 1.38 Buy

Starhub - Not as good as Singtel?

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

05/07/10 AmFraser Starhub 2.27 1.88 Sell
05/10/10 AmFraser Starhub 2.19 1.88 Sell

02/05/10 CIMB Starhub 2.17 2.14 Underperform DCF
03/05/10 CIMB Starhub 2.17 2.14 Underperform
04/15/10 CIMB Starhub 2.38 2.14 Underperform
05/12/10 CIMB Starhub 2.18 2.14 Underperform
05/18/10 CIMB Starhub 2.23 2.14 Underperform
05/19/10 CIMB Starhub 2.27 2.14 Underperform

01/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
02/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
03/15/10 DBS Vickers Starhub 2.15 2.06 Fully Valued
05/07/10 DBS Vickers Starhub 2.27 2.06 Fully Valued

02/05/10 DMG & Partners Starhub 2.17 2.2 Neutral DCF
04/09/10 DMG & Partners Starhub 2.35 2.2 Neutral
04/28/10 DMG & Partners Starhub 2.38 2.2 Neutral
05/07/10 DMG & Partners Starhub 2.27 2.15 Neutral DCF
05/10/10 DMG & Partners Starhub 2.19 2.15 Neutral

02/05/10 Kim Eng Starhub 2.17 1.8 Sell PER10x
03/18/10 Kim Eng Starhub 2.23 1.8 Sell

01/29/10 OCBC Starhub 2.1 2.29 Buy
02/05/10 OCBC Starhub 2.17 2.29 Buy
03/30/10 OCBC Starhub 2.3 2.44 Buy DCF
05/19/10 OCBC Starhub 2.27 2.32 Buy 8.8% Div Yield

02/05/10 phillip Starhub 2.17 2.05 Hold DCF
05/07/10 phillip Starhub 2.27 1.92 Sell

Sunday, June 6, 2010

Big fall for Singapore stock market on monday?

There is no doubt that Singapore stock market will fall on monday but will the magnitude be as great as US market?

I predict STI will fall around 2% on monday when the market opens in the morning and close within the 2% fall at the end of the day unless the US futures continue to deteriorate further.

Let's wait and see.

Saturday, June 5, 2010

EU in deeper trouble now?

Greece was the first country to get into trouble, followed by Spain & Portugal. Now, we've Hungary who is going to default and this causes Euro to fall below $1.20. If Hungary can falsify its deficit, I think Greece, Spain & Portugal also have more skeletons in their closets which they've not revealed.

Looks like Euro is highly likely to reach parity with USD in the foreseenable future. Another issue is there is a significant drop in corporate bonds demand as governments are also trying to sell government bonds to the same group of fixed-income buyers/investors.  When corporations can't raise monies for their businesses, they can't expand and won't hire more employees.

How on earth can the world economies recover when employments don't go up and people have lesser to spend?

Ascendas Reit (A-reit) - Hold for now!

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

01/19/10 CIMB A-Reit 2.02 2.02 Underperform DDM
03/25/10 CIMB A-Reit 1.92 2.02 Underperform
04/20/10 CIMB A-Reit 1.98 2.02 Neutral DDM
05/18/10 CIMB A-reit 1.87 2.02 Neutral

02/18/10 DBS Vickers A-Reit 1.92 2.07 Hold PB1.2x
04/09/10 DBS Vickers A-Reit 1.26 1.46 Buy
04/20/10 DBS Vickers A-Reit 1.98 2.11 Hold PB1.2x

04/21/10 DMG & Partners A-Reit 2.01 2.11 Neutral DDM

01/19/10 Kim Eng A-Reit 2.02 2.02 Hold
02/18/10 Kim Eng A-Reit 1.92 2.03 Hold
03/29/10 Kim Eng A-Reit 1.95 2.29 Buy Div Yield 6.7%
04/20/10 Kim Eng A-Reit 1.98 2.32 Buy Yield 6.8%

01/22/10 OCBC A-Reit 1.28 1.38 Buy DCF
02/18/10 OCBC A-Reit 1.92 1.76 Hold RNAV
03/04/10 OCBC A-Reit 1.95 1.76 Hold
04/14/10 OCBC A-Reit 1.96 1.76 Hold
04/20/10 OCBC A-Reit 1.98 1.85 Hold RNAV
05/12/10 OCBC A-reit 1.88 1.85 Hold
05/24/10 OCBC A-reit 1.92 1.85 Hold

Friday, June 4, 2010

TPV - CIMB likes to monitor this monitors manufacturer.

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

02/01/10 CIMB TPV 0.83 1.22 Outperform PB1.2x
03/10/10 CIMB TPV 0.93 1.29 Outperform PER11x
03/11/10 CIMB TPV 0.93 1.29 Outperform
05/18/10 CIMB TPV 0.92 1.25 Outperform
05/31/10 CIMB TPV 0.87 1.25 Outperform PER11x
06/04/10 CIMB TPV 0.9 1.25 Outperform PER11x

06/04/10 Lim & Tan TPV 0.9 0 Buy

Consumer demand in europe has started to drop

The latest retail sales figure in Europe has started to fall and continue to fall due to austerity measures by many countries in Europe.  This will impact the world and stocks will fall.

Is global inflation coming?

I think temporary global inflation is coming soon as the oil spill in mexico is causing government to impose oil moratorium which will give the impetus for oil to move higher.  Furthermore, the hurricanes season is approaching in US and this will also cause a dramatic drop in oil supply.  Therefore, there will be a temporary upward spurts in the oil price in the near future.

As we all know, oil affects everything from transportations to finished products and any kind of inflation is not welcome in a time like this as the global economic growth is still languishing in the midst of a crisis.

Tat Hong - The crane machine!

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

04/01/10 CIMB Tat Hong 0.87 0.87 Underperform PER7x
04/16/10 CIMB Tat Hong 0.95 1.24 Outperform PER10x
05/25/10 CIMB Tat Hong 0.89 1.24 Outperform PER10x

02/17/10 DBS Vickers Tat Hong 0.96 0.89 Fully Valued NTA0.9x, PER9x
05/25/10 DBS Vickers Tat Hong 0.885 1.11 Buy PER10x, PB1.2x

02/17/10 OCBC Tat Hong 0.96 1.02 Hold NTA1.2x
03/24/10 OCBC Tat Hong 0.88 1.02 Hold
05/25/10 OCBC Tat Hong 0.85 0.975 Buy PER10x
05/31/10 OCBC Tat Hong 0.895 0.975 Buy

Thursday, June 3, 2010

Tiger Airways - The high flyer!

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

04/14/10 Citigroup Tiger Airways 1.89 2.4 Buy

03/10/10 DBS Vickers Tiger Airways 1.62 2.1 Buy PER12x
04/14/10 DBS Vickers Tiger Airways 1.88 2.1 Buy PER15x
04/15/10 DBS Vickers Tiger Airways 1.89 2.1 Buy PER15x
05/11/10 DBS Vickers Tiger Airways 1.62 2.1 Buy PER15x
05/17/10 DBS Vickers Tiger Airways 1.8 2.25 Buy PER15x

Valuetronics - OCBC finds great value in this stock.

Date/Researc House/Stock/Last Done/Target Price/Stock/Valuation Method

01/06/10 OCBC Valuetronics 0.145 0.19 Buy
02/11/10 OCBC Valuetronics 0.14 0.19 Buy PER8x
03/11/10 OCBC Valuetronics 0.145 0.19 Buy NTA1X
03/31/10 OCBC Valuetronics 0.16 0.29 Buy PER8x
05/20/10 OCBC Valuetronics 0.17 0.32 Buy

Wednesday, June 2, 2010

Pacific Andes - A great fishing stock!

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

01/25/10 CIMB Pacific Andes 0.34 0.42 Outperform Sum of parts
02/11/10 CIMB Pacific Andes 0.29 0.42 Outperform Sum of parts
04/30/10 CIMB Pacific Andes 0.38 0.42 Outperform
05/13/10 CIMB Pacific Andes 0.34 0.41 Outperform Sum of parts

01/04/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
01/08/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
02/11/10 DBS Vickers Pacific Andes 0.29 0.42 Buy PER6x
05/13/10 DBS Vickers Pacific Andes 0.335 0.42 Buy PER6x

01/22/10 OCBC Pacific Andes 0.335 0.4 Buy PER8x

Otto Marine - A good marine stock loved by analysts

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

05/26/10 CIMB Otto Marine 0.37 0.47 Outperform PER10x
05/31/10 CIMB Otto Marine 0.38 0.47 Outperform

03/02/10 DMG & Partners Otto Marine 0.49 0.64 Buy PEG0.79x, PER14x
04/23/10 DMG & Partners Otto Marine 0.52 0.64 Buy
04/29/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/03/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/13/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/17/10 DMG & Partners Otto Marine 0.455 0.64 Buy
05/19/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/20/10 DMG & Partners Otto Marine 0.415 0.64 Buy
05/24/10 DMG & Partners Otto Marine 0.395 0.64 Buy PER11.9x

02/12/10 Kim Eng Otto Marine 0.415 0.56 Buy Sum of parts
03/02/10 Kim Eng Otto Marine 0.49 0.66 Buy Sum of parts
05/17/10 Kim Eng Otto Marine 0.455 0.58 Buy Sum of parts

01/13/10 phillip Otto Marine 0.5 0.58 Buy BV2x
01/27/10 phillip Otto Marine 0.48 0.58 Buy PB1.67x
02/22/10 phillip Otto Marine 0.45 0.58 Buy PB1.95x
03/02/10 phillip Otto Marine 0.49 0.58 Buy PB1.95x
05/17/10 phillip Otto Marine 0.455 0.58 Buy PB1.95x
05/20/10 phillip Otto Marine 0.415 0.58 Buy PB1.95x

Tuesday, June 1, 2010

Capitacommercial - Is this the reit to buy? Judge for yourself!

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

03/25/10 CIMB CapitaCommercial 1.08 1.09 Underperform
04/19/10 CIMB CapitaCommercial 1.16 1.26 Outperform DDM
05/18/10 CIMB CapitaCommercial 1.2 1.26 Outperform
05/20/10 CIMB CapitaCommercial 1.18 1.37 Outperform DDM
05/31/10 CIMB CapitaCommercial 1.13 1.37 Outperform DDM

01/21/10 DBS Vickers CapitaCommercial 1.18 1.23 Hold DCF
03/19/10 DBS Vickers CapitaCommercial 1.09 1.23 Hold
04/16/10 DBS Vickers CapitaCommercial 1.14 1.23 Hold
05/27/10 DBS Vickers CapitaCommercial 1.13 1.24 Hold DCF

01/22/10 DMG & Partners CapitaCommercial 1.18 0.96 Sell DDM
04/19/10 DMG & Partners CapitaCommercial 1.14 1.24 Neutral DDM
05/27/10 DMG & Partners CapitaCommercial 1.1 1.24 Neutral 6% Yield

03/18/10 Goldman Sach CapitaCommercial 1.09 0 Buy

01/21/10 Kim Eng CapitaCommercial 1.18 0.99 Sell DDM
04/19/10 Kim Eng CapitaCommercial 1.14 1.1 Hold DDM

01/20/10 Lim & Tan CapitaCommercial 1.18 0 Buy
03/18/10 Lim & Tan CapitaCommercial 1.13 0 Buy

01/04/10 OCBC CapitaCommercial 1.17 1.13 Hold
02/01/10 OCBC CapitaCommercial 1.06 1.16 Hold
03/04/10 OCBC CapitaCommercial 1.11 1.16 Hold
03/09/10 OCBC CapitaCommercial 1.13 1.16 Hold RNAV
04/14/10 OCBC CapitaCommercial 1.11 1.19 Buy
04/16/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV
05/12/10 OCBC CapitaCommercial 1.16 1.26 Buy
06/01/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV

Europe banks in trouble?

It seems that the situation is getting worse in europe as banks are expected to post about euro$300b in losses.

Spain is tightening its belt and portugal is also doing the same thing but protests are sprouting up in these troubled countries.  Danger is lurking!