Keppel DC Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	Keppel DC Reit	1.01	1.14	Buy	DCF
01/08/16	Phillip	Keppel DC Reit	1.01	1.13	Accumulate	DDM
01/15/16	Credit Suisse	Keppel DC Reit	1.01	1.13	Outperform
01/15/16	Lim & Tan	Keppel DC Reit	1.01	0	Hold
01/15/16	OCBC	Keppel DC Reit	1.01	1.24	Buy
01/22/16	CIMB	Keppel DC Reit	0.98	1.18	Add	DDM
01/26/16	Deutsche	Keppel DC Reit	0.96	1.15	Buy
03/07/16	CIMB	Keppel DC Reit	1.06	1.18	Add	DDM
03/24/16	Deutsche	Keppel DC Reit	1.075	1.15	Buy
04/05/16	Deutsche	Keppel DC Reit	1.045	1.15	Buy
04/13/16	Kim Eng	Keppel DC Reit	1.055	1.14	Not Rated
04/14/16	CIMB	Keppel DC Reit	1.065	1.18	Add	DDM
04/14/16	DBS Vickers	Keppel DC Reit	1.065	1.14	Buy	DCF
04/14/16	Lim & Tan	Keppel DC Reit	1.065	0	Hold
04/14/16	OCBC	Keppel DC Reit	1.065	1.24	Buy
04/14/16	Phillip	Keppel DC Reit	1.065	1.13	Accumulate	DDM
04/15/16	Credit Suisse	Keppel DC Reit	1.07	1.13	Outperform
05/17/16	CIMB	Keppel DC Reit	1.075	1.18	Add
05/17/16	Deutsche	Keppel DC Reit	1.075	1.15	Buy
06/20/16	Deutsche	Keppel DC Reit	1.075	1.15	Buy
06/20/16	JP Morgan	Keppel DC Reit	1.075	1.15	Overweight
06/22/16	OCBC	Keppel DC Reit	1.085	1.24	Buy
07/08/16	Phillip	Keppel DC Reit	1.165	1.13	Neutral	DDM
07/19/16	CIMB	Keppel DC Reit	1.17	1.27	Add	PB1.4x
07/19/16	Credit Suisse	Keppel DC Reit	1.17	1.23	Outperform
07/19/16	DBS Vickers	Keppel DC Reit	1.17	1.22	Buy
07/19/16	JP Morgan	Keppel DC Reit	1.17	1.2	Overweight
07/19/16	Lim & Tan	Keppel DC Reit	1.17	0	Hold
07/19/16	OCBC	Keppel DC Reit	1.17	1.27	Buy
07/26/16	Deutsche	Keppel DC Reit	1.17	1.15	Buy
08/04/16	CIMB	Keppel DC Reit	1.19	1.27	Add	DDM
08/12/16	OCBC	Keppel DC Reit	1.205	1.27	Buy
08/15/16	CIMB	Keppel DC Reit	1.185	1.29	Add	DDM
08/15/16	OCBC	Keppel DC Reit	1.185	1.3	Buy
08/16/16	DBS Vickers	Keppel DC Reit	1.195	1.22	Buy
08/18/16	Phillip	Keppel DC Reit	1.19	1.26	Accumulate	DDM
08/31/16	Credit Suisse	Keppel DC Reit	1.2	1.23	Outperform
09/02/16	Lim & Tan	Keppel DC Reit	1.205	0	Hold
09/06/16	CIMB	Keppel DC Reit	1.195	1.29	Add
10/12/16	Phillip	Keppel DC Reit	1.225	1.29	Accumulate	DDM
10/18/16	CIMB	Keppel DC Reit	1.225	1.33	Add	DDM
10/18/16	JP Morgan	Keppel DC Reit	1.225	1.25	Overweight
10/18/16	Lim & Tan	Keppel DC Reit	1.225	0	Buy on weakness
10/18/16	OCBC	Keppel DC Reit	1.225	1.35	Buy
10/18/16	Phillip	Keppel DC Reit	1.225	1.26	Accumulate	DDM
11/01/16	Credit Suisse	Keppel DC Reit	1.245	1.31	Outperform
11/04/16	CIMB	Keppel DC Reit	1.24	1.33	Add
11/08/16	OCBC	Keppel DC Reit	1.215	1.35	Buy
11/11/16	Phillip	Keppel DC Reit	1.21	1.26	Accumulate
11/16/16	Deutsche	Keppel DC Reit	1.165	1.3	Buy
11/16/16	JP Morgan	Keppel DC Reit	1.165	1.2	Overweight
11/29/16	DBS Vickers	Keppel DC Reit	1.21	1.33	Buy	DCF
12/07/16	CIMB	Keppel DC Reit	1.225	1.22	Hold
12/07/16	Deutsche	Keppel DC Reit	1.225	1.3	Buy
12/07/16	OCBC	Keppel DC Reit	1.225	1.35	Buy
01/09/17	CIMB	Keppel DC Reit	1.23	1.18	Hold	DDM
01/09/17	DBS Vickers	Keppel DC Reit	1.23	1.33	Buy	DCF
01/24/17	CIMB	Keppel DC Reit	1.215	1.21	Hold	DDM
01/24/17	Lim & Tan	Keppel DC Reit	1.215	0	Hold
01/24/17	OCBC	Keppel DC Reit	1.215	1.39	Buy
01/25/17	Credit Suisse	Keppel DC Reit	1.205	1.31	Outperform
01/25/17	DBS Vickers	Keppel DC Reit	1.205	1.3	Buy	DCF
01/25/17	Phillip	Keppel DC Reit	1.205	1.15	Hold	DDM, PB1.21x FY17
02/17/17	JP Morgan	Keppel DC Reit	1.165	1.25	Overweight
02/20/17	Phillip	Keppel DC Reit	1.175	1.15	Neutral
02/28/17	Deutsche	Keppel DC Reit	1.165	1.2	Hold
03/01/17	CIMB	Keppel DC Reit	1.18	1.21	Add	DDM
03/06/17	OCBC	Keppel DC Reit	1.165	1.39	Buy
03/17/17	DBS Vickers	Keppel DC Reit	1.195	1.3	Buy
04/03/17	OCBC	Keppel DC Reit	1.2	1.39	Buy
04/07/17	Lim & Tan	Keppel DC Reit	1.215	0	Buy
04/18/17	CIMB	Keppel DC Reit	1.225	1.26	Add	DDM
04/18/17	Credit Suisse	Keppel DC Reit	1.225	1.31	Outperform
04/18/17	Lim & Tan	Keppel DC Reit	1.225	0	Hold
04/18/17	Phillip	Keppel DC Reit	1.225	1.15	Neutral	DDM
05/08/17	Phillip	Keppel DC Reit	1.24	1.15	Neutral
05/18/17	DBS Vickers	Keppel DC Reit	1.23	1.3	Buy
05/29/17	OCBC	Keppel DC Reit	1.28	1.39	Buy
06/22/17	Deutsche	Keppel DC Reit	1.26	1.2	Hold
07/18/17	Phillip	Keppel DC Reit	1.32	1.28	Hold	DDM, PB1.35x FY17
07/18/17	Credit Suisse	Keppel DC Reit	1.32	1.47	Outperform
07/18/17	OCBC	Keppel DC Reit	1.32	1.39	Buy	DDM
07/18/17	CIMB	Keppel DC Reit	1.32	1.28	Hold	DDM
07/19/17	DBS Vickers	Keppel DC Reit	1.33	1.4	Buy
08/18/17	Phillip	Keppel DC Reit	1.275	1.28	Neutral	DDM, PB1.35x FY17
08/22/17	OCBC	Keppel DC Reit	1.285	1.39	Buy
09/04/17	CIMB	Keppel DC Reit	1.285	1.28	Hold
09/13/17	DBS Vickers	Keppel DC Reit	1.295	1.44	Buy
09/14/17	Phillip	Keppel DC Reit	1.29	1.31	Neutral	DDM, PB1.37x FY17
09/14/17	Lim & Tan	Keppel DC Reit	1.29	0	Hold
09/26/17	CIMB	Keppel DC Reit	1.305	1.36	Add
10/17/17	Phillip	Keppel DC Reit	1.35	1.36	Neutral	DDM, PB1.42x FY17
10/17/17	OCBC	Keppel DC Reit	1.35	1.39	Buy
10/17/17	Lim & Tan	Keppel DC Reit	1.35	0	Hold
10/17/17	CIMB	Keppel DC Reit	1.35	1.37	Hold
10/19/17	DBS Vickers	Keppel DC Reit	1.345	1.44	Buy	DCF
11/20/17	OCBC	Keppel DC Reit	1.4	1.5	Buy	PB1.47x FY18

Stock calls for 19 January 2018

Date	Analyst	Company	Last	Target	Call	Percent	Valuation
01/19/18	UOB Kay Hian	A-Reit	2.77	3.05	Buy	10.11
01/19/18	Kim Eng	A-Reit	2.77	3	Buy	8.30
01/19/18	Kim Eng	Cache Logistics	0.875	0.9	Hold	2.86	DDM
01/19/18	CIMB	Cache Logistics	0.875	0.85	Hold	-2.86	DDM
01/19/18	UOB Kay Hian	CapitaCommercial	1.92	2.09	Buy	8.85
01/19/18	CIMB	Comfortdelgro	2.01	2.15	Hold	6.97
01/19/18	CIMB	First Reit	1.41	1.44	Hold	2.13	DDM
01/19/18	OCBC	First Reit	1.41	1.48	Buy	4.96
01/19/18	DBS Vickers	Frasers Commercial Trust	1.51	1.71	Buy	13.25	DCF
01/19/18	Kim Eng	Mapletree Industrial	2.11	2.1	Buy	-0.47
01/19/18	DBS Vickers	Soilbuild Reit	0.7	0.62	Hold	-11.43	DCF
01/19/18	Lim & Tan	Soilbuild Reit	0.7	0	Hold	-100.00
01/19/18	Lim & Tan	Venture	23.15	0	Buy	-100.00
01/19/18	UOB Kay Hian	Wing Tai	2.34	2.78	Buy	18.80

Hot news! Japan will release its own cryptocurrency in March 2018.

https://www.investopedia.com/news/japans-biggest-bank-releasing-its-own-cryptocurrency-march/?partner=YahooSA&yptr=yahoo

This is the first official cryptocurrency which cannot be mined by others in Japan.

Since this is a government-issued cryptocurrency, there won't be anonymity for this cryptocurrency which is in line with the upcoming G20 summit discussion in March 2018.

The timing for the launch is uncanny because G20 is also held in March 2018.

Keppel Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	DMG & Partners	Keppel Corp	6.51	10	Buy
01/06/16	Macquarie	Keppel Corp	6.45	5.3	Underperform	PB0.9x
01/08/16	Kim Eng	Keppel Corp	5.82	7.7	Hold
01/08/16	Nomura	Keppel Corp	5.82	5.67	Reduce
01/08/16	UOB Kay Hian	Keppel Corp	5.82	6.3	Hold	PB0.85x
01/12/16	Lim & Tan	Keppel Corp	5.54	0	Buy
01/13/16	Amfrasers	Keppel Corp	5.15	7.16	Hold
01/19/16	DMG & Partners	Keppel Corp	4.85	8.08	Buy	Sum of parts, PB2.5x, PER8x FY16
01/19/16	Nomura	Keppel Corp	4.85	5.05	Neutral	Sum of parts
01/20/16	Kim Eng	Keppel Corp	5.18	4.24	Sell	Sum of parts
01/22/16	Amfrasers	Keppel Corp	4.8	4.26	Sell	Sum of parts
01/22/16	CIMB	Keppel Corp	4.8	4.39	Hold	RNAV (30% discount)
01/22/16	Credit Suisse	Keppel Corp	4.8	5.1	Neutral
01/22/16	DIR	Keppel Corp	4.8	5.4	Outperform	Sum of parts
01/22/16	Lim & Tan	Keppel Corp	4.8	0	Buy
01/22/16	OCBC	Keppel Corp	4.8	4.38	Hold	Sum of parts (10% discount), PB0.7x
01/22/16	UOB Kay Hian	Keppel Corp	4.8	6.05	Buy	PB0.85x
01/25/16	DBS Vickers	Keppel Corp	5.02	5.25	Hold	RNAV (10% discount)
01/26/16	Deutsche	Keppel Corp	4.81	7	Hold
01/28/16	Deutsche	Keppel Corp	4.75	4.8	Hold
01/28/16	Kim Eng	Keppel Corp	4.75	4.24	Sell	Sum of parts
02/03/16	DIR	Keppel Corp	4.9	5.4	Outperform	Sum of parts
02/22/16	OCBC	Keppel Corp	5.34	4.38	Hold
03/07/16	UOB Kay Hian	Keppel Corp	6.1	6.6	Buy
03/09/16	Amfrasers	Keppel Corp	5.77	4.26	Sell
03/09/16	DIR	Keppel Corp	5.77	5.5	Hold	Sum of parts (10% discount)
03/09/16	Kim Eng	Keppel Corp	5.77	4.24	Sell
03/09/16	Lim & Tan	Keppel Corp	5.77	0	Hold
03/11/16	DBS Vickers	Keppel Corp	5.9	5.25	Hold	Sum of parts, PB0.8x FY16
03/14/16	Credit Suisse	Keppel Corp	6.14	5	Underperform
03/14/16	UOB Kay Hian	Keppel Corp	6.14	6.5	Buy	Sum of parts
03/17/16	DIR	Keppel Corp	5.98	5.68	Hold	Sum of parts (20% discount)
03/22/16	OCBC	Keppel Corp	6.03	5.07	Hold	Sum of parts (10% discount), PB0.9x
03/28/16	DMG & Partners	Keppel Corp	5.87	8.08	Buy
03/30/16	Kim Eng	Keppel Corp	5.74	4.42	Sell	Sum of parts
04/01/16	DIR	Keppel Corp	5.83	5.68	Hold	Sum of parts (20% discount)
04/07/16	CIMB	Keppel Corp	5.65	5.53	Hold	RNAV (30% discount)
04/07/16	DBS Vickers	Keppel Corp	5.65	5.25	Hold
04/07/16	Lim & Tan	Keppel Corp	5.65	0	Hold
04/19/16	Amfrasers	Keppel Corp	6	5.6	Hold	Sum of parts
04/19/16	CIMB	Keppel Corp	6	5.14	Reduce	RNAV
04/19/16	Credit Suisse	Keppel Corp	6	5	Underperform
04/19/16	Kim Eng	Keppel Corp	6	4.42	Sell	Sum of parts
04/19/16	Macquarie	Keppel Corp	6	5.3	Underperform
04/19/16	OCBC	Keppel Corp	6	5.57	Hold	Sum of parts
04/19/16	UOB Kay Hian	Keppel Corp	6	6.4	Hold	Sum of parts, Buy @ $5.40
05/04/16	Lim & Tan	Keppel Corp	5.4	0	Hold
05/17/16	Amfrasers	Keppel Corp	5.11	5.6	Buy	Sum of parts
05/18/16	Deutsche	Keppel Corp	5.42	5.9	Hold	Sum of parts
05/20/16	UOB Kay Hian	Keppel Corp	5.22	6.4	Hold
05/24/16	OCBC	Keppel Corp	5.3	5.57	Hold
06/06/16	Kim Eng	Keppel Corp	5.38	4.42	Sell
06/10/16	Credit Suisse	Keppel Corp	5.71	5	Underperform	Sum of parts
06/14/16	UOB Kay Hian	Keppel Corp	5.4	6.4	Hold
06/16/16	DIR	Keppel Corp	5.39	5.67	Hold	Sum of parts
06/27/16	OCBC	Keppel Corp	5.3	5.57	Hold
07/05/16	UOB Kay Hian	Keppel Corp	5.57	6.4	Hold
07/14/16	Credit Suisse	Keppel Corp	5.57	5	Underperform
07/15/16	DIR	Keppel Corp	5.59	5.61	Hold	Sum of parts (10% discount)
07/15/16	Macquarie	Keppel Corp	5.59	5.8	Neutral
07/22/16	Amfrasers	Keppel Corp	5.58	5.67	Hold	Sum of parts
07/22/16	CIMB	Keppel Corp	5.58	5.14	Reduce	RNAV
07/22/16	DBS Vickers	Keppel Corp	5.58	5.25	Hold
07/22/16	Kim Eng	Keppel Corp	5.58	4.5	Sell
07/22/16	Lim & Tan	Keppel Corp	5.58	0	Hold
07/22/16	OCBC	Keppel Corp	5.58	5.68	Hold	Buy @ $5.30
07/22/16	UOB Kay Hian	Keppel Corp	5.58	5.7	Hold	Buy @ $5.10
08/11/16	Deutsche	Keppel Corp	5.25	5.5	Hold
08/11/16	UOB Kay Hian	Keppel Corp	5.25	5.7	Hold	Buy @ $5.10
09/05/16	DIR	Keppel Corp	5.19	5.39	Hold	Sum of parts
09/08/16	Lim & Tan	Keppel Corp	5.41	0	Hold
09/19/16	OCBC	Keppel Corp	5.22	5.68	Hold
09/21/16	Kim Eng	Keppel Corp	5.27	4.54	Sell	Sum of parts
10/03/16	UOB Kay Hian	Keppel Corp	5.42	5.7	Hold
10/06/16	Lim & Tan	Keppel Corp	5.39	0	Hold
10/10/16	DIR	Keppel Corp	5.46	5.72	Hold	Sum of parts (10% discount)
10/21/16	CIMB	Keppel Corp	5.44	5.14	Reduce	RNAV
10/21/16	Credit Suisse	Keppel Corp	5.44	5	Underperform
10/21/16	DBS Vickers	Keppel Corp	5.44	5.25	Hold	Sum of parts, PB0.8x FY16
10/21/16	Kim Eng	Keppel Corp	5.44	4.57	Sell	Sum of parts
10/21/16	OCBC	Keppel Corp	5.44	5.71	Hold
10/21/16	UOB Kay Hian	Keppel Corp	5.44	5.04	Hold	Sum of parts, Buy @ $4.85
10/24/16	Macquarie	Keppel Corp	5.31	5.8	Neutral	Sum of parts
11/03/16	Amfrasers	Keppel Corp	5.25	5.93	Buy
11/03/16	OCBC	Keppel Corp	5.25	5.71	Hold
11/04/16	Credit Suisse	Keppel Corp	5.27	5	Underperform
12/02/16	DMG & Partners	Keppel Corp	5.89	6.52	Buy
12/05/16	CIMB	Keppel Corp	5.93	5.14	Reduce	RNAV
12/07/16	Deutsche	Keppel Corp	5.9	5.5	Hold
12/07/16	UOB Kay Hian	Keppel Corp	5.9	6.25	Hold	PB1.2x
12/12/16	OCBC	Keppel Corp	5.93	5.71	Hold
12/13/16	Kim Eng	Keppel Corp	6.28	4.57	Sell	Sum of parts
12/22/16	Lim & Tan	Keppel Corp	5.9	0	Hold
12/22/16	Morgan Stanley	Keppel Corp	5.9	5.8	Equal Weight
01/03/17	DMG & Partners	Keppel Corp	5.79	6.52	Buy	Sum of parts
01/05/17	Deutsche	Keppel Corp	5.82	5.9	Hold	Sum of parts (15% discount)
01/16/17	DIR	Keppel Corp	6.12	5.72	Hold
01/25/17	Credit Suisse	Keppel Corp	6.36	5	Underperform
01/27/17	CIMB	Keppel Corp	6.38	5.21	Reduce	RNAV
01/27/17	DIR	Keppel Corp	6.38	5.93	Hold	Sum of parts (10% discount)
01/27/17	DMG & Partners	Keppel Corp	6.38	7.39	Buy	Sum of parts, PER10x FY17
01/27/17	Lim & Tan	Keppel Corp	6.38	0	Sell	Bloomberg consensus $5.79
01/27/17	OCBC	Keppel Corp	6.38	6.26	Hold
01/27/17	UOB Kay Hian	Keppel Corp	6.38	6.45	Hold	Sum of parts, Buy @ $5.90
01/31/17	Amfrasers	Keppel Corp	6.27	6.5	Hold	Sum of parts
01/31/17	DBS Vickers	Keppel Corp	6.27	6	Hold	Sum of parts
02/17/17	CLSA	Keppel Corp	6.53	7.6	Buy
02/22/17	OCBC	Keppel Corp	6.57	7.4	Buy
03/01/17	Credit Suisse	Keppel Corp	6.81	8.7	Outperform	Sum of parts
03/14/17	DIR	Keppel Corp	6.75	6.44	Hold	Sum of parts
03/14/17	Deutsche	Keppel Corp	6.75	6.4	Hold
03/20/17	DBS Vickers	Keppel Corp	6.87	6	Hold	Sum of parts, PB0.9x FY17
03/20/17	UOB Kay Hian	Keppel Corp	6.87	6.45	Hold	Sum of parts, Buy @ $6.10
03/21/17	CIMB	Keppel Corp	6.85	7.24	Hold	Sum of parts
03/22/17	DMG & Partners	Keppel Corp	6.83	7.77	Buy	Sum of parts, PER10.6x FY17
03/22/17	OCBC	Keppel Corp	6.83	7.4	Buy
03/22/17	UOB Kay Hian	Keppel Corp	6.83	6.98	Hold	Sum of parts, Buy @ $6.25
04/07/17	Credit Suisse	Keppel Corp	6.84	8.7	Outperform
04/11/17	Lim & Tan	Keppel Corp	6.96	0	Hold
04/21/17	CIMB	Keppel Corp	6.55	7.24	Hold	Sum of parts
04/21/17	DIR	Keppel Corp	6.55	6.44	Hold	Sum of parts (10% discount)
04/21/17	OCBC	Keppel Corp	6.55	7.36	Buy	PB1.1x
04/21/17	UOB Kay Hian	Keppel Corp	6.55	6.55	Hold	Sum of parts, Buy @ $5.90
04/24/17	DBS Vickers	Keppel Corp	6.56	6	Hold	Sum of parts, PB0.9x FY17
04/24/17	DMG & Partners	Keppel Corp	6.56	7.56	Buy	Sum of parts
04/25/17	Amfrasers	Keppel Corp	6.51	7.02	Buy	Sum of parts
04/28/17	Macquarie	Keppel Corp	6.57	5.8	Neutral
05/24/17	UOB Kay Hian	Keppel Corp	6.55	6.55	Hold
05/30/17	DMG & Partners	Keppel Corp	6.48	7.55	Buy	Sum of parts
06/02/17	OCBC	Keppel Corp	6.46	7.36	Buy	Sum of parts (10% discount)
06/20/17	UOB Kay Hian	Keppel Corp	6.31	6.55	Hold
06/30/17	DMG & Partners	Keppel Corp	6.36	7.34	Buy	Sum of parts
07/04/17	Credit Suisse	Keppel Corp	6.32	8.7	Outperform
07/05/17	DIR	Keppel Corp	6.34	6.44	Hold	Sum of parts
07/05/17	OCBC	Keppel Corp	6.34	7.36	Buy
07/07/17	UOB Kay Hian	Keppel Corp	6.4	6.55	Hold	Sum of parts, Buy @ $5.90
07/21/17	UOB Kay Hian	Keppel Corp	6.53	6.86	Hold	Sum of parts, Buy @ $6.20
07/21/17	CIMB	Keppel Corp	6.53	7.24	Hold	Sum of parts
07/21/17	DIR	Keppel Corp	6.53	6.39	Hold	Sum of parts
07/21/17	DBS Vickers	Keppel Corp	6.53	7.6	Buy	Sum of parts, PB1.1x FY17
07/21/17	Lim & Tan	Keppel Corp	6.53	0	Hold
07/24/17	Macquarie	Keppel Corp	6.58	5.8	Neutral
07/24/17	Amfrasers	Keppel Corp	6.58	7.61	Buy	Sum of parts
08/01/17	Credit Suisse	Keppel Corp	6.41	8.7	Outperform	PER12.1x FY17, PB0.9x
08/18/17	Lim & Tan	Keppel Corp	6.33	0	Hold
08/18/17	DBS Vickers	Keppel Corp	6.33	7.6	Buy	Sum of parts
08/25/17	CIMB	Keppel Corp	6.36	7.24	Hold	Sum of parts
08/25/17	Morgan Stanley	Keppel Corp	6.36	6.18	Equal Weight	Sum of parts
08/29/17	DMG & Partners	Keppel Corp	6.39	7.34	Buy	Sum of parts
09/13/17	OCBC	Keppel Corp	6.27	7.36	Buy
09/15/17	UOB Kay Hian	Keppel Corp	6.29	6.86	Hold
09/20/17	DBS Vickers	Keppel Corp	6.38	7.6	Buy	Sum of parts
09/20/17	Deutsche	Keppel Corp	6.38	7.5	Buy
09/27/17	Credit Suisse	Keppel Corp	6.46	8.7	Outperform
10/02/17	UOB Kay Hian	Keppel Corp	6.49	6.71	Hold
10/05/17	Lim & Tan	Keppel Corp	6.52	0	Buy
10/06/17	OCBC	Keppel Corp	6.59	7.36	Buy
10/09/17	DBS Vickers	Keppel Corp	6.68	7.6	Buy
10/11/17	Credit Suisse	Keppel Corp	6.77	8.7	Outperform	Sum of parts
10/13/17	CIMB	Keppel Corp	6.79	8.58	Add	Sum of parts
10/20/17	OCBC	Keppel Corp	7.02	7.73	Buy
10/20/17	Amfrasers	Keppel Corp	7.02	7.61	Buy	Sum of parts
10/20/17	UOB Kay Hian	Keppel Corp	7.02	8.35	Buy	Sum of parts
10/20/17	Lim & Tan	Keppel Corp	7.02	0	Buy
10/23/17	DMG & Partners	Keppel Corp	7.3	7.92	Buy	Sum of parts
10/27/17	OCBC	Keppel Corp	7.4	8.31	Buy	Sum of parts
11/03/17	Morgan Stanley	Keppel Corp	7.66	6.18	Equal Weight	Sum of parts
11/09/17	UOB Kay Hian	Keppel Corp	7.57	8.35	Buy
11/09/17	Deutsche	Keppel Corp	7.57	8.6	Buy
11/17/17	CIMB	Keppel Corp	7.28	8.58	Add
11/24/17	Lim & Tan	Keppel Corp	7.59	0	Buy
11/29/17	OCBC	Keppel Corp	7.74	8.41	Buy
12/04/17	Lim & Tan	Keppel Corp	7.76	0	Buy
12/08/17	UOB Kay Hian	Keppel Corp	7.49	8.98	Buy	Sum of parts
12/18/17	Amfrasers	Keppel Corp	7.53	8.67	Buy	Sum of parts
12/20/17	CIMB	Keppel Corp	7.5	8.58	Add	Sum of parts
12/26/17	Amfrasers	Keppel Corp	7.47	8.04	Buy	Sum of parts
12/26/17	OCBC	Keppel Corp	7.47	8.12	Buy	Sum of parts (10% discount)
12/26/17	Lim & Tan	Keppel Corp	7.47	0	Hold
12/27/17	Deutsche	Keppel Corp	7.29	8.1	Buy	Sum of parts (20% discount)
01/02/17	UOB Kay Hian	Keppel Corp	7.35	8.75	Buy	Sum of parts
01/02/17	CIMB	Keppel Corp	7.35	8.58	Add	Sum of parts
01/09/18	DBS Vickers	Keppel Corp	7.77	9.8	Buy	Sum of parts, PB1.3x FY18
01/10/18	Amfrasers	Keppel Corp	7.85	8.04	Buy

K1 Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/16	DMG & Partners	K1 Ventures	0.95	1.08	Buy	Share consol 5-into-1
03/15/17	DMG & Partners	K1 Ventures	0.835	0	Take Profit

Stock calls for 18 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/18	UOB Kay Hian	Comfortdelgro	2.03	2.25	Buy	PER16.6x
01/18/18	CIMB	ESR-Reit	0.575	0.64	Add	DDM
01/18/18	DBS Vickers	ESR-Reit	0.575	0.63	Buy
01/18/18	Lim & Tan	First Reit	1.4	0	Hold
01/18/18	OCBC	Soilbuild Reit	0.695	0.68	Hold
01/18/18	CIMB	ST Engineering	3.31	3.85	Add	DCF & PER22x CY19

The USA is trying to shift the blame to Russia after failing to pinpoint China.

https://sg.news.yahoo.com/exclusive-trump-says-russia-helping-north-korea-skirt-190952968.html

The USA is trying to blame Russia now after failing to put the blame on China for the illegal oil shipments.

As the main culprit for the illegal oil shipments was Taiwan and not China, the USA had to bail out Taiwan by shifting the blame to Russia.

The USA has shown itself to be non-credible and non-trustworthy.  It is only using its military might and economic prowess to impose itself on others.

The USA is trying to escalate the Korean peninsula tension.

https://sg.news.yahoo.com/russia-north-korea-summit-undermines-u-n-aggravates-165723310.html

The USA is trying to supersede the UN by getting 20 countries to participate in a non-UN sanction against North Korea.  This is an illegal sanction and doesn't have the UN mandate.  The 20 countries involved are the same countries that attacked NK in the past.  Therefore, we can tell from this that the USA still possesses the cold war mentality.

Furthermore, the USA is begging for a war with North Korea when the Korean peninsula tension is easing between SK & NK.  This is evident from the way the US is conducting a military exercise against NK on its homeland.

https://www.nytimes.com/2018/01/14/us/politics/military-exercises-north-korea-pentagon.html

The truth about Bitcoin!

https://www.marketwatch.com/story/now-thats-a-crypto-crash-bitconnect-coin-dives-90-as-company-shuts-exchange-2018-01-17?siteid=yhoof2&yptr=yahoo

https://sg.finance.yahoo.com/news/bitcoin-speculative-bubble-bursting-long-050501188.html

Many bitcoin fanatics are calling others to buy bitcoins on the dips.  Is it wise to do that?

Is bitcoin or cryptocurrency a scam?  Bitcoin fanatics cited the following reasons for bitcoin investment.

* Bitcoin has a limited supply of 21m and the price will keep going up because of its limited supply. (Bitcoin is scalable because developers and miners can fork bitcoin into bitcoin cash, bitcoin gold, etc.  Therefore, bitcoin is not limited but unlimited.  Demand and supply will only cause price fluctuations but not create real value in the product.)

* Bitcoin has no central bank control and is unregulated. (Without regulation, bitcoin is highly susceptible to frauds and manipulations.  For example, private cryptocurrency exchanges can just shut down without any compensation made to users.)

https://www.express.co.uk/finance/city/905222/bitcoin-price-news-latest-manipulation-cryptocurrency-surge-plummet-stock-exchange

https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-down/

* Bitcoin is anonymous. (The USA & G20 will try to remove the anonymity soon.  Without anonymity, there is no intrinsic value in bitcoin anymore.  The G20 summit is in March 2018.)

http://sg-stock.blogspot.sg/2018/01/bitcoin-is-inching-closer-to-its-death.html

* Bitcoin will gain worldwide adoption because it is a technological breakthrough. (Bitcoin is slow and expensive to be used for merchant transactions as it takes about 10min and costs around USD$30 to process a transaction.  Furthermore, bitcoin is subjected to daily price swings that merchants cannot tolerate.  Therefore, it is impractical and not feasible to adopt bitcoin as a payment mode.)

* Bitcoin is easy to buy and sell on crypto exchanges. (Bitcoin is hard to buy and sell during exigencies.  Many investors cannot cash out during recent crashes and are left to lick their wounds.  Sometimes, it can take up to an hour just to sell bitcoin during peak hours.)

Our conclusion: Stay away from bitcoin or cryptocurrency!