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Wednesday, February 7, 2018

Nera Telecom - Stock calls


Date Analyst Code Company Last Target Call Percent Valuation
02/25/16 Lim & Tan N01 Nera Telecom 0.6 0 Hold -100.00
02/29/16 DMG & Partners N01 Nera Telecom 0.57 0.55 Neutral -3.51 DCF, PER14.3x FY16
05/05/16 Lim & Tan N01 Nera Telecom 0.625 0 Hold -100.00
05/10/16 DMG & Partners N01 Nera Telecom 0.635 0.55 Neutral -13.39 DCF
05/23/16 DMG & Partners N01 Nera Telecom 0.7 0.8 Trading Buy 14.29 DCF, PER12.6x ex-cash
05/23/16 UOB Kay Hian N01 Nera Telecom 0.7 0.835 Buy 19.29 Sum of parts
06/15/16 UOB Kay Hian N01 Nera Telecom 0.685 0.835 Buy 21.90
07/14/16 UOB Kay Hian N01 Nera Telecom 0.68 0.835 Buy 22.79
08/03/16 Lim & Tan N01 Nera Telecom 0.705 0 Hold -100.00
08/04/16 DMG & Partners N01 Nera Telecom 0.68 0.8 Trading Buy 17.65 DCF
08/04/16 Lim & Tan N01 Nera Telecom 0.68 0 Trading Buy -100.00
08/04/16 UOB Kay Hian N01 Nera Telecom 0.68 0.835 Buy 22.79 Sum of parts
09/27/16 UOB Kay Hian N01 Nera Telecom 0.735 0.835 Buy 13.61 Sum of parts
10/26/16 Lim & Tan N01 Nera Telecom 0.73 0 Buy on weakness -100.00
10/27/16 DMG & Partners N01 Nera Telecom 0.735 0.8 Trading Buy 8.84
10/27/16 UOB Kay Hian N01 Nera Telecom 0.735 0.835 Buy 13.61 Sum of parts
11/09/16 Lim & Tan N01 Nera Telecom 0.775 0 Take profit -100.00
11/10/16 UOB Kay Hian N01 Nera Telecom 0.685 0.58 Sell -15.33 PER14.6x FY17
02/22/17 Lim & Tan N01 Nera Telecom 0.435 0 Sell -100.00
05/05/17 Lim & Tan N01 Nera Telecom 0.39 0 Hold -100.00
08/07/17 Lim & Tan N01 Nera Telecom 0.39 0 Hold -100.00

Stock calls for 7 February 2018


Date Analyst Company Last Target Call Valuation
02/07/18 CIMB China Sunsine 1.13 1.5 Add
02/07/18 OCBC City Developments 12.76 15.3 Buy
02/07/18 CIMB Genting 1.27 1.45 Add
02/07/18 CIMB Keppel Corp 8.19 10 Add
02/07/18 DBS Vickers Manulife US Reit 0.91 1 Buy DCF
02/07/18 CIMB MM2 Asia 0.49 0.76 Add
02/07/18 UOB Kay Hian Netlink 0.82 0.93 Buy DCF
02/07/18 DBS Vickers Netlink 0.82 0.97 Buy DCF
02/07/18 CIMB Sembcorp Marine 2.71 2.49 Neutral Buy @ $2
02/07/18 CIMB SGX 7.88 8.5 Add PER24x FY19
02/07/18 DMG & Partners SGX 7.88 9 Buy PER24x FY19
02/07/18 OCBC SGX 7.88 8.16 Hold
02/07/18 Kim Eng SGX 7.88 8.82 Buy PER23x FY19
02/07/18 DBS Vickers SGX 7.88 8.9 Buy DDM, PER21x FY19
02/07/18 OCBC Singtel 3.42 4.19 Buy
02/07/18 OCBC ST Engineering 3.23 4 Buy
02/07/18 CIMB ST Engineering 3.23 3.85 Add
02/07/18 CIMB Sunningdale 1.86 2.79 Add
02/07/18 OCBC UOB 26.62 30.1 Buy
02/07/18 OCBC UOL 8.71 9.7 Buy
02/07/18 CIMB UOL 8.71 9.62 Add
02/07/18 CIMB Venture 22.48 24.74 Add
02/07/18 OCBC Yoma 0.48 0.55 Buy

Goldman Sachs gives the harshest rating on cryptocurrency.

https://www.bloomberg.com/news/articles/2018-02-07/get-ready-for-most-cryptocurrencies-to-hit-zero-goldman-says

When a cryptocurrency has no genuine use except for a speculative purpose, it will come to a naught in a time to come.

When more governments and merchants are banning and forsaking crypto trading and crypto paying system but the crypto prices are still moving higher, we know that the crypto exists only for a speculative purpose and it will be decimated in the future.

The 1st delistment, CWG, in 2018.

https://sg.finance.yahoo.com/news/cwg-international-proceed-delisting-public-043456311.html

CWG will be the first delistment from SGX in 2018.  SGX is undergoing a structural change currently, from a securities exchange to a derivatives exchange because companies prefer to list in overseas stock exchanges due to higher liquidity and valuation.

When SGX top management doesn't understand the capital market, we will lose more companies to overseas stock exchanges.

http://sg-stock.blogspot.sg/2018/02/it-seems-that-sgx-is-kicked-out-of.html


Bitcoin rebounds because of ignorant millennium investors

https://sg.finance.yahoo.com/news/bitcoin-slides-below-6-000-half-value-lost-082627524--sector.html

The millennium investors who are ignorant and foolish will buy bitcoins now as they've been deceived by bitcoin proponents.  The millennium investors are buying bitcoins without any careful consideration for the outcome of G20 summit in March 2018.  If the G20 summit comes out with harsh regulations for Crypto, bitcoin will continue on its downward trajectory.

The 1st derivative product, XIV, imploded because of the recent market rout.

https://www.cnbc.com/2018/02/06/the-obscure-volatility-security-thats-become-the-focus-of-this-sell-off-is-halted-after-an-80-percent-plunge.html

XIV, the opposite of VIX, is the first derivative product to collapse after the recent market rout.  Many big investors and fund managers will lose big money because they cannot unwind the XIV contracts and will have to settle for any sum offered by Credit Suisse.

Tuesday, February 6, 2018

Neo Group - Stock calls


Date Analyst Company Last Target Call Valuation
01/29/16 DMG & Partners Neo Group 0.605 0.82 Buy DCF
02/10/16 DMG & Partners Neo Group 0.61 0.82 Buy DCF
03/28/16 DMG & Partners Neo Group 0.675 0.82 Buy
01/03/17 DMG & Partners Neo Group 0.62 0.8 Buy
02/10/17 DMG & Partners Neo Group 0.575 0.61 Neutral DCF
03/29/17 DMG & Partners Neo Group 0.585 0.61 Neutral DCF
05/26/17 DMG & Partners Neo Group 0.57 0.62 Neutral
08/10/17 DMG & Partners Neo Group 0.68 0.64 Neutral PER21x FY18
11/14/17 DMG & Partners Neo Group 0.66 0.64 Neutral PER21x FY18

Nam Lee - Stock calls


Date Analyst Company Last Target Call Valuation
09/16/16 Phillip Nam Lee 0.37 0.69 Buy DDM & PER12.1x
11/30/16 Phillip Nam Lee 0.39 0.6 Buy DDM & PER9.8x FY17
02/06/17 Phillip Nam Lee 0.37 0.52 Buy DCF
05/17/17 Phillip Nam Lee 0.355 0.52 Buy DCF, PER12.4x FY17
08/16/17 Phillip Nam Lee 0.37 0.51 Buy DCF, PER11.5x FY17
11/29/17 Phillip Nam Lee 0.395 0.56 Buy DCF, PER11.1x FY18, PB0.96x FY18

Stock calls for 6 February 2018


Date Analyst Company Last Target Call Valuation
02/06/18 DBS Vickers Hutchison Port 0.375 0.39 Hold Buy @ $0.35
02/06/18 OCBC Hutchison Port 0.375 0.43 Buy
02/06/18 UOB Kay Hian Manulife US Reit 0.92 1.12 Buy DDM
02/06/18 Lim & Tan Manulife US Reit 0.92 1 Hold
02/06/18 CIMB Sarine 1.05 1.56 Add PER17.2x CY19
02/06/18 DMG & Partners Singapore Medical 0.58 0.79 Buy DCF, PER27x FY18

Stock markets are falling like crazy because of rising treasury yield.

https://sg-stock.blogspot.my/2017/12/the-us-risk-free-rate-is-stagnant-for.html

https://sg-stock.blogspot.my/2017/10/us-treasury-yields-had-been-rising-for.html

If you guys had read our previous postings, you would have expected this huge stock market fall as the US 10-year bond yield was almost approaching 3%.

We've stated that the stock market would react negatively when the US 10-year bond yield was approaching 3%.

We've also stated that the US interest rate would continue to rise and investors were in denial previously.

Bitcoin falls to $6000 now.

https://sg.finance.yahoo.com/news/bitcoin-drops-more-14-below-185000041.html

We've been warning that Bitcoin has not reached bottom yet in our previous posting.

https://sg-stock.blogspot.my/2018/02/bitcoin-dropped-below-8000-but-bottom.html

Many investors are suffering huge losses in Bitcoin and are likely to get out of the crypto market now because they've come to realize that Bitcoin is nothing valuable.

Monday, February 5, 2018

China credit rating firm, Dagong, is right about USA afterall.

https://sg.finance.yahoo.com/news/treasury-may-borrow-nearly-1t-070500158.html

The USA has to issue almost USD$1T of bonds to finance its spending in 2018 and Trump's tax policies will add USD$2T of debt.

It will be a matter of time that people will lose their confidence in USA repayment ability.

http://sg-stock.blogspot.sg/2018/01/there-are-valid-points-in-dagong-credit.html

China is going all out to eradicate crypto trading!

https://sg.finance.yahoo.com/news/china-looks-stamp-cryptocurrency-trading-091930615.html

Bitcoin will continue to fall further!

https://www.coindesk.com/bitcoin-drops-8k-crypto-market-recovery-falters/

The USA is adamant to destroy Venezuela.

https://www.usnews.com/news/world/articles/2018-02-05/china-rebuffs-us-criticism-of-relations-with-oil-rich-venezuela

China has to defend Venezuela to protect its own investments and also for the humanitarian reason.

The people are already suffering greatly from the hyperinflation in the country.

https://sg-stock.blogspot.sg/2017/09/venezuela-president-is-urging-its.html

Nam Cheong - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/16 UOB Kay Hian Nam Cheong 0.135 0.12 Sell
01/15/16 UOB Kay Hian Nam Cheong 0.113 0.09 Sell
02/15/16 DBS Vickers Nam Cheong 0.094 0.07 Fully Valued PB0.4x FY16
02/26/16 Amfrasers Nam Cheong 0.097 0.07 Sell PB0.3x FY16
03/07/16 UOB Kay Hian Nam Cheong 0.103 0.085 Sell
03/31/16 DBS Vickers Nam Cheong 0.11 0.07 Fully Valued
05/16/16 Amfrasers Nam Cheong 0.076 0.11 Buy PB0.5x FY16
05/16/16 DBS Vickers Nam Cheong 0.076 0.07 Fully Valued
05/20/16 UOB Kay Hian Nam Cheong 0.084 0.065 Sell
06/09/16 UOB Kay Hian Nam Cheong 0.092 0.07 Sell
08/12/16 DBS Vickers Nam Cheong 0.06 0.04 Fully Valued
08/17/16 Amfrasers Nam Cheong 0.047 0.05 Hold PB0.4x FY16
11/11/16 Amfrasers Nam Cheong 0.067 0.07 Hold PB0.5x FY17
11/11/16 DBS Vickers Nam Cheong 0.067 0.04 Fully Valued PB0.2x
12/02/16 UOB Kay Hian Nam Cheong 0.068 0.055 Sell
03/01/17 DBS Vickers Nam Cheong 0.055 0.04 Fully Valued PB0.2x
07/20/17 Lim & Tan Nam Cheong 0.021 0 Avoid

Moya Asia - Stock calls


Date Analyst Company Last Target Call Valuation
09/04/17 DMG & Partners Moya Asia 0.118 0.17 Buy DCF, PER13.8x FY18
11/14/17 DMG & Partners Moya Asia 0.101 0.17 Buy DCF
01/24/18 DMG & Partners Moya Asia 0.098 0.17 Buy

Stock calls for 5 February 2018


Date Analyst Company Last Target Call Valuation
02/05/18 DBS Vickers Ascendas Hospitality Trust 0.885 0.97 Buy DCF
02/05/18 Kim Eng Guocoland 2.22 2.95 Buy RNAV (20% discount)
02/05/18 Macquarie OCBC 12.81 14 Outperform
02/05/18 DBS Vickers OUE Commercial 0.755 0.73 Hold DCF
02/05/18 OCBC Sembcorp Industries 3.57 3.95 Buy Sum of parts
02/05/18 UOB Kay Hian SIA Engineering 3.33 4 Buy DCF
02/05/18 phillip SIA Engineering 3.33 3.51 Accumulate DCF
02/05/18 Kim Eng SIA Engineering 3.33 3.5 Hold PER21x FY19
02/05/18 CIMB SIA Engineering 3.33 3.13 Reduce DCF
02/05/18 Lim & Tan SIA Engineering 3.33 0 Hold
02/05/18 OCBC SIA Engineering 3.33 3.7 Buy DCF
02/05/18 DBS Vickers SIA Engineering 3.33 3.86 Buy
02/05/18 CIMB Singapore Post 1.38 1.58 Add DCF
02/05/18 UOB Kay Hian Singapore Post 1.38 1.62 Buy Sum of parts
02/05/18 Kim Eng Singapore Post 1.38 1.5 Buy DCF
02/05/18 DBS Vickers Singapore Post 1.38 1.61 Buy DCF

Tension is rising at China-India border again.

http://www.bbc.com/news/world-asia-china-42834609

https://in.news.yahoo.com/keep-building-infrastructure-doklam-india-not-china-084204623.html

It is without any doubt that Doklam is China's territory but India and the western media want to portray otherwise.

https://economictimes.indiatimes.com/news/defence/doklam-has-always-been-under-chinas-jurisdiction-minister/articleshow/59742071.cms

Both sides are building up military powers near the borders and there is a high probability that skirmishes will happen again in the future especially when Indian drones like to intrude upon China's airspace.

Trade war has started between China & USA.

https://uk.reuters.com/article/us-china-us-sorghum/china-launches-dumping-probe-into-u-s-sorghum-imports-amid-rising-trade-tension-idUSKBN1FO06C

China has retaliated by imposing a dumping probe into the importation of Sorghum from the USA.

This is a brilliant move by the Chinese as farmers are Trump's supporters.  When Trump's supporters get hit badly, Trump's support will wilt.


Sunday, February 4, 2018

Philippines wants to displace Singapore in ASEAN.

http://globalnation.inquirer.net/163587/duterte-china-sea-pirates-terrorism-southeast-asia-combat-security-defense

The Philippines is getting ambitious about gaining more political influences in ASEAN and is not contented with just being an ASEAN facilitator.

https://sg-stock.blogspot.sg/2017/11/china-has-replaced-singapore-with.html

The Philippines is trying to enlist China to help secure the marine security in ASEAN and may grant a military base to China to fulfill this agenda.  This is akin to Singapore granting the USA a military naval base in Singapore.

The Philippines is getting proactive in pushing its agenda to increase its importance and influences in ASEAN by collaborating with China. It knows that by leveraging on China's support and backing, its economic and political prowess will improve by leaps and bounds in ASEAN.  The Philippines economy is growing at more than twice of Singapore's in recent times and it wants to displace Singapore to become an important ASEAN member.

http://business.inquirer.net/243868/breaking-business-world-bank-asean-economy-fastest-growth-2018-global-economic-prospects-gdp


Singapore government doesn't know how to increase economic growth in other ways except to boost the population.

http://www.todayonline.com/singapore/big-read-foreigner-issue-are-we-ready-rethink

Higher spatial population distribution will lead to an increase in social tension but social tension is difficult to measure.  Therefore, we can only monitor the symptoms of social tension from the mildest to the most severe civil disorders to detect the ever-rising social tension.  Look like our government has not learnt from the past lessons and our sociologists are not being cognizant of our society.

Singapore increased its population the most in the last decade and our society encountered all forms of social tension within the last decade.  The following civil disorders from the mildest to the most severe are: Vitriol, Conflict, Protest, Strike & Riot.

Let's look at the 5 civil disorders which happened before in SG:

Civil disorder 2014
Vitriol - Anton Casey
http://news.asiaone.com/news/singapore/anton-casey-loses-job-friends

Civil disorder 2015
Conflict – Jason Blair Unger
http://news.asiaone.com/news/singapore/cyclist-mischief-charge

Civil disorder 2014
Protest – Anti-Philippines protest
https://sg.news.yahoo.com/singapore-protest-against-filipinos-rekindles-anti-foreign-anger-175914561.html

Civil disorder 2012
Strike – SMRT Chinese bus drivers
https://sg.news.yahoo.com/-over-100-chinese-bus-drivers-in-s-pore-go-on-strike-105924025.html

Civil disorder 2013
Riot – Little India’s riot
http://www.straitstimes.com/singapore/little-india-riot-one-year-later-the-night-that-changed-singapore

From the aforementioned examples, we could see that SG encountered all the civil disorders (mildest to the most severe) in a short span of time from 2012 to 2015 because of the ever-increasing population which led to higher spatial distribution.  History will repeat itself when we don't take history seriously and I can't find SG encountering all the civil disorders in other decades when there is no sudden influx of foreigners.

Saturday, February 3, 2018

You cannot use credit cards to buy bitcoin soon.

https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

Another setback for bitcoin! Credit cards cannot be used to buy bitcoins soon!

Genting casino business will be greatly affected by Hainan casino.

https://www.reuters.com/article/china-hainan-gambling/china-considering-allowing-gambling-in-hainan-bloomberg-idUSL4N1PS3ER

The Chinese don't need to travel far to gamble anymore when the Hainan casino is opened.  The Chinese make up a large portion of gamblers in Asia and their travel preferences will affect any casino's business.

However, if the China government restricts local citizens from gambling in their own country, then Genting business won't be affected much.  Let's see how this will pan out.

Bitcoin dropped below 8000 but the bottom was still not in sight yet.

https://www.marketwatch.com/story/no-letup-for-bitcoin-as-cryptocurrency-drops-further-below-9000-2018-02-02?siteid=yhoof2&yptr=yahoo

We've warned previously that bitcoin prices have not reached bottom yet.

https://sg-stock.blogspot.sg/2018/01/cryptocurrencies-have-crashed-but-have.html

Many investors are starting to face up to the reality that bitcoin is a big scam now.  Recent investors have lost a lot of money in bitcoin and will start to lose confidence in bitcoin if the prices do not recover in the next few months.  However, the upcoming G20 summit will put crypto regulations on the agenda and this will depress bitcoin prices further.

The huge fall in the stock market on Friday (yesterday) also put pressure on bitcoin investors because bitcoin market cannot get new buyers or investors.

Baltic dry index - 1095

Today, Friday, February 02 2018, the Baltic Dry Index decreased by 19 points, reaching 1095 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.
===================
Related stocks: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 946

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. fell by one this week to 946.
That exceeds the 729 rigs that were active this time a year ago.
Houston oilfield services company Baker Hughes reported Friday that 765 rigs drilled for oil this week and 181 for gas.
Among major oil- and gas-producing states, Colorado increased by two and North Dakotaand Ohio each gained one.
Wyoming lost three rigs and Louisiana and Texas each decreased by one.
AlaskaArkansasCaliforniaNew MexicoOklahomaPennsylvaniaUtah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
=====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Genetic testing must NEVER be allowed for insurer!

http://www.businesstimes.com.sg/brunch/the-future-of-insurance?xtor=EREC-16-1%5BBT_Newsletter_1%5D-%5B20180203%5D-%5BThe+future+of+insurance%5D&xts=538380

We must never allow genetic testing for the insurer because the basis for the insurance business should be based on chance rather than selection between good genes and bad genes.

Let me put forth a simple analogy.  An accident happens by chance but bad genes with health problems happen with certainty.  We must not let genetic testing become a standard practice in the insurance industry because people with bad genes will be penalized and this practice will only improve the profitability of the insurance companies.  In the future, all insurance payouts will only be for accident-related incidents because of selections based on genetic testing.


Friday, February 2, 2018

It seems that SGX is kicked out of the Aramco IPO race.

https://www.channelnewsasia.com/news/business/in-aramco-ipo--china-talks-crucial-for-choice-of-listing-venue--sources-9917622

Saudi didn't talk to Singapore at all except China, Japan & SK.

We stated previously that SGX won't stand a chance.  However, the CEO was being too unrealistic and optimistic about his goal and he showed his naivety in his analysis.

When a CEO doesn't understand the capital market, SGX will deteriorate under his helm.

http://sg-stock.blogspot.sg/2017/10/is-sgx-being-too-optimistic-or-naive-in.html

MM2 Asia - Stock calls


Date Analyst Company Last Target Call Valuation
01/06/16 DBS Vickers MM2 Asia 0.77 1.05 Buy PER19x
01/12/16 UOB Kay Hian MM2 Asia 0.745 1.01 Buy
02/05/16 DBS Vickers MM2 Asia 0.71 1.05 Buy
02/10/16 UOB Kay Hian MM2 Asia 0.72 1.01 Buy PER20.3x FY17
03/08/16 DBS Vickers MM2 Asia 0.49 0.52 Buy
03/24/16 UOB Kay Hian MM2 Asia 0.54 0.64 Buy PER22.3x
03/28/16 DBS Vickers MM2 Asia 0.52 0.63 Buy PER20x FY17
04/01/16 UOB Kay Hian MM2 Asia 0.535 0.64 Buy
05/10/16 CIMB MM2 Asia 0.54 0.7 Add PER22x CY17
05/25/16 DBS Vickers MM2 Asia 0.58 0.75 Buy
05/26/16 CIMB MM2 Asia 0.62 0.73 Add PER22x CY17
05/26/16 UOB Kay Hian MM2 Asia 0.62 0.74 Buy
06/10/16 DBS Vickers MM2 Asia 0.67 0.75 Buy PER22x FY17
06/13/16 CIMB MM2 Asia 0.7 0.73 Hold PER22x CY17
07/01/16 DBS Vickers MM2 Asia 0.69 0.83 Buy
08/01/16 CIMB MM2 Asia 0.66 0.73 Hold PER22x CY17
08/25/16 CIMB MM2 Asia 0.705 0.84 Add PER22x CY17
09/13/16 DBS Vickers MM2 Asia 0.77 0.95 Buy PER24x FY17
09/14/16 UOB Kay Hian MM2 Asia 0.78 0.74 Buy
11/09/16 CIMB MM2 Asia 0.465 0.52 Add PER22x CY18
11/10/16 DBS Vickers MM2 Asia 0.465 0.56 Buy PER24x FY18, Ex 1-for-1 stock split
12/15/16 DBS Vickers MM2 Asia 0.42 0.56 Buy PER24x FY18
01/11/17 DBS Vickers MM2 Asia 0.49 0.56 Buy
04/07/17 CIMB MM2 Asia 0.5 0.6 Add Sum of parts, PER22.6x FY18
04/13/17 DBS Vickers MM2 Asia 0.5 0.63 Buy Sum of parts
05/23/17 DBS Vickers MM2 Asia 0.575 0.63 Buy Sum of parts
05/24/17 DBS Vickers MM2 Asia 0.585 0.7 Buy Sum of parts
05/25/17 CIMB MM2 Asia 0.585 0.65 Add Sum of parts
06/14/17 CIMB MM2 Asia 0.62 0.72 Add Sum of parts
06/14/17 DBS Vickers MM2 Asia 0.62 0.7 Buy
07/20/17 DBS Vickers MM2 Asia 0.59 0.75 Buy Sum of parts
07/25/17 CIMB MM2 Asia 0.525 0.58 Hold Sum of parts
08/14/17 DBS Vickers MM2 Asia 0.465 0.6 Buy Sum of parts
08/17/17 CIMB MM2 Asia 0.475 0.58 Add Sum of parts
11/02/17 DBS Vickers MM2 Asia 0.58 0.73 Buy Sum of parts
11/06/17 CIMB MM2 Asia 0.55 0.76 Add Sum of parts
12/20/17 CIMB MM2 Asia 0.52 0.76 Add
01/05/18 DBS Vickers MM2 Asia 0.545 0.73 Buy

MIT - Stock calls


Date Analyst Company Last Target Call Valuation
08/03/17 Kim Eng MIT 0.245 0.32 Not Rated PB1.6x
11/22/17 Lim & Tan MIT 0.245 0.32 Buy PER8x FY18
01/03/18 Lim & Tan MIT 0.26 0 Buy

Stock calls for 2 February 2018


Date Analyst Company Last Target Call Valuation
02/02/18 CIMB AEM 4.97 6.62 Add PER10x CY19
02/02/18 Kim Eng AIMS AMP Cap Ind Reit 1.37 1.5 Buy
02/02/18 Lim & Tan Ascendas Hospitality Trust 0.895 0 Hold
02/02/18 phillip Cache Logistics 0.88 0.93 Accumulate DDM
02/02/18 OCBC Cache Logistics 0.88 0.85 Hold
02/02/18 DMG & Partners Cache Logistics 0.88 0.98 Buy DDM
02/02/18 Kim Eng Cache Logistics 0.88 0.95 Buy
02/02/18 CIMB Cache Logistics 0.88 0.88 Hold
02/02/18 Phillip CapitaRetail China 1.67 1.66 Neutral DDM, PB1.02x
02/02/18 OCBC Comfortdelgro 2.15 2.12 Hold
02/02/18 UOB Kay Hian DBS 26.61 28.38 Buy
02/02/18 CIMB Guocoland 2.25 2.88 Add RNAV (25% discount)
02/02/18 Deutsche Keppel Corp 8.7 8.4 Hold
02/02/18 Deutsche Sembcorp Marine 2.57 2.9 Buy
02/02/18 OCBC Singapore Post 1.3 1.26 Hold
02/02/18 CIMB Yongnam 0.35 0.53 Add PB0.8x FY18

Another setback for Noble Group.

https://sg.finance.yahoo.com/news/noble-group-says-proposed-deals-sell-four-ships-033536957--sector.html

Noble Group is finding it difficult to sell its assets as buyers are getting wary of Noble.

Why are buyers getting wary of Noble?

More bad news for Bitcoin!

https://sg.news.yahoo.com/bitcoin-plunges-20-japan-fearing-inspection-043203511.html

Bitcoin price has dropped to $8,000 now.

Let's see how Bitcoin will react to the G20 summit in March 2018.

India to ban cryptocurrency! Another setback for bitcoin!

https://finance.yahoo.com/news/bitcoin-skids-lowest-since-november-124450120.html

Besides merchants dumping bitcoin payment system, governments are also banning crypto trading.

Do you still believe in crypto?

Thursday, February 1, 2018

USA aegis missile defence system failed to intercept an incoming hostile missile.

https://sg.news.yahoo.com/missile-test-fail-u-unable-091712478.html

The effectiveness of the USA missile defence system is overstated by the USA.  The latest test showed that the Aegis defence system failed to intercept a simple incoming missile.  If the missile carries multiple warheads, the Aegis cannot protect the country at all.

Midas - Stock calls


Date Analyst Company Last Target Call Valuation
01/20/16 OCBC Midas 0.27 0.29 Hold
02/04/16 DBS Vickers Midas 0.25 0.49 Buy
03/02/16 DBS Vickers Midas 0.265 0.41 Buy PB0.8x FY16
03/04/16 OCBC Midas 0.275 0.295 Hold PB0.55x FY16
05/16/16 OCBC Midas 0.265 0.295 Hold
08/15/16 OCBC Midas 0.24 0.25 Hold PB0.5x FY16
08/16/16 DBS Vickers Midas 0.24 0.38 Buy PB0.8x FY16
11/18/16 DBS Vickers Midas 0.225 0.38 Buy PB0.8x
11/24/16 OCBC Midas 0.225 0.245 Hold PB0.5x FY17
03/01/17 OCBC Midas 0.26 0.255 Hold PB0.6x FY17
03/02/17 DBS Vickers Midas 0.245 0.36 Buy
04/10/17 DBS Vickers Midas 0.225 0.36 Buy
04/11/17 OCBC Midas 0.23 0.255 Hold
05/18/17 OCBC Midas 0.225 0.245 Hold PB0.6x FY17
05/23/17 DBS Vickers Midas 0.225 0.36 Buy
08/16/17 OCBC Midas 0.215 0.225 Hold PB0.5x FY17
08/16/17 DBS Vickers Midas 0.215 0.36 Buy PB0.8x
11/14/17 OCBC Midas 0.215 0.225 Hold

Micro-Mechanics - Stock calls


Date Analyst Company Last Target Call Percent Valuation
09/22/17 Phillip Micro-Mechanics 1.545 2 Buy 29.45 PER15x FY18
10/31/17 Phillip Micro-Mechanics 2.03 2.5 Buy 23.15 PER16x FY18
01/31/18 Phillip Micro-Mechanics 2.35 2.5 Accumulate 6.38

Stock calls for 1 February 2018


Date Analyst Company Last Target Call Valuation
02/01/18 Lim & Tan AIMS AMP Cap Ind Reit 1.37 0 Hold
02/01/18 DBS Vickers CapitaRetail China 1.69 1.8 Buy DCF
02/01/18 OCBC CapitaRetail China 1.69 1.66 Hold
02/01/18 DBS Vickers Chip Eng Seng 1.01 1.18 Buy
02/01/18 OCBC DBS 26.4 29.5 Buy PB1.45x FY18
02/01/18 CIMB OUE Commercial 0.75 0.75 Hold DDM
02/01/18 OCBC OUE Commercial 0.75 0.69 Hold
02/01/18 UOB Kay Hian Thai Beverage 0.92 1.06 Buy Sum of parts

Another merchant has dumped bitcoin payment system.

https://www.coindesk.com/stripe-to-end-support-for-bitcoin-transactions/

Stripe will end bitcoin payment system after Steam.

We've stated on numerous occasions that bitcoin is impractical to be used for transactions.

http://sg-stock.blogspot.sg/2017/12/how-practical-and-useful-is-bitcoin.html

When people don't use bitcoin but only speculate in bitcoin, there is no real value in bitcoin.