Yoma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/29/16	CIMB	Yoma	0.43	0.45	Hold	RNAV (40% discount)
01/29/16	DBS Vickers	Yoma	0.43	0.78	Buy
05/18/16	CIMB	Yoma	0.515	0.45	Hold
05/20/16	CIMB	Yoma	0.515	0.45	Reduce	RNAV (40% discount)
05/20/16	DBS Vickers	Yoma	0.515	0.78	Buy	Sum of parts
05/20/16	OCBC	Yoma	0.515	0.49	Hold
05/31/16	DMG & Partners	Yoma	0.51	0.78	Buy
07/27/16	DBS Vickers	Yoma	0.6	0.8	Buy	Sum of parts
07/28/16	CIMB	Yoma	0.6	0.4	Reduce	RNAV (40% discount)
09/09/16	OCBC	Yoma	0.6	0.54	Hold
10/26/16	OCBC	Yoma	0.6	0.54	Hold
11/08/16	OCBC	Yoma	0.6	0.54	Hold
11/10/16	DBS Vickers	Yoma	0.585	0.8	Buy
11/11/16	DMG & Partners	Yoma	0.585	0.78	Buy	Sum of parts (10% discount)
11/17/16	DIR	Yoma	0.52	0.73	Buy	Sum of parts (30% discount)
12/14/16	DIR	Yoma	0.59	0.73	Buy	Sum of parts (30% discount)
01/03/17	DMG & Partners	Yoma	0.585	0.75	Buy	Sum of parts (10% discount)
02/13/17	DBS Vickers	Yoma	0.58	0.8	Buy
03/28/17	DMG & Partners	Yoma	0.62	0.78	Buy	Sum of parts (10% discount)
04/11/17	DIR	Yoma	0.63	0.66	Hold	Sum of parts (30% discount)
05/24/17	OCBC	Yoma	0.575	0.54	Hold
05/25/17	DBS Vickers	Yoma	0.575	0.8	Buy
05/25/17	DIR	Yoma	0.575	0.62	Hold	Sum of parts (30% discount)
06/06/17	DMG & Partners	Yoma	0.59	0.78	Buy	Sum of parts (10% discount)
07/05/17	OCBC	Yoma	0.585	0.54	Hold
07/27/17	OCBC	Yoma	0.61	0.58	Hold
07/27/17	DMG & Partners	Yoma	0.61	0.78	Buy	Sum of parts (10% discount)
08/21/17	OCBC	Yoma	0.565	0.58	Hold
09/15/17	OCBC	Yoma	0.58	0.58	Hold
10/11/17	OCBC	Yoma	0.6	0.58	Hold
10/30/17	DBS Vickers	Yoma	0.59	0.75	Buy	Sum of parts (30% discount)
11/06/17	OCBC	Yoma	0.585	0.55	Hold
12/15/17	DBS Vickers	Yoma	0.54	0.75	Buy
01/02/18	OCBC	Yoma	0.54	0.55	Hold
02/07/18	OCBC	Yoma	0.48	0.55	Buy
03/07/18	OCBC	Yoma	0.42	0.51	Buy	Sum of parts
03/07/18	DBS Vickers	Yoma	0.42	0.75	Buy

Yanlord - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/16	Deutsche	Yanlord	0.995	0.8	Sell
03/03/16	DBS Vickers	Yanlord	1.095	1.35	Buy
08/15/16	DBS Vickers	Yanlord	1.24	1.46	Buy	PER8.9x FY17
11/17/16	DBS Vickers	Yanlord	1.31	1.46	Buy
03/02/17	DBS Vickers	Yanlord	1.5	2.21	Buy	PER8.9x FY17
05/17/17	DBS Vickers	Yanlord	1.895	2.25	Buy	PER8.3x FY17
05/18/17	Macquarie	Yanlord	1.88	0	Outperform
11/15/17	DBS Vickers	Yanlord	1.74	2.25	Buy	PER7.1x FY18
01/03/18	Citibank	Yanlord	1.72	1.75	Neutral	RNAV (50% discount)

Stock calls for 9 April 2018

Date	Analyst	Company	Last	Target	Call	Valuation
04/09/18	DMG & Partners	Moya Asia	0.099	0.15	Buy	DCF
04/09/18	CIMB	SPH Reit	1	1.06	Hold	DDM
04/09/18	OCBC	SPH Reit	1	1.02	Hold	DDM
04/09/18	DBS Vickers	SPH Reit	1	1.07	Buy	DCF
04/09/18	Lim & Tan	SPH Reit	1	1.06	Hold
04/09/18	Kim Eng	SPH Reit	1	1	Hold
04/09/18	UOB Kay Hian	Y Venture	0.53	0.8	Buy	PEG0.86x, Price-To-Sales2.6x FY19

UK couldn't determine the nerve agent source for the ex-russian spy attack.

http://www.scmp.com/news/world/europe/article/2140173/uk-lab-says-cannot-determine-nerve-agent-used-poison-spy-was

After a big hoo-ha, the UK had come forth to admit that it couldn't determine the source of the nerve agent.  Previously, the UK pinpointed that the nerve agent came from Russia and Russia was behind the attack.  It had backtracked on that statement after expelling Russia diplomats.

The UK is becoming more and more like the USA now.

Baltic dry index - 948

Today, Friday, April 06 2018, the Baltic Dry Index decreased by 5 points, reaching 948 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 - 1003

HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by 10 this week to 1,003.

At this time a year ago there were 839 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 808 rigs drilled for oil this week and 194 for gas. One was listed as miscellaneous.

Among major oil- and gas-producing states, Oklahoma added five rigs. New Mexico tacked on three, while Kansas and Texas each gained two. North Dakota, Ohio, Utah and West Virginia increased by one each.

Louisiana lost two rigs, while Alaska, Colorado, Pennsylvania and Wyoming dropped one each.

Arkansas and California 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.

Yangzijiang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/16	Nomura	Yangzijiang	0.975	1.5	Buy
01/14/16	UOB Kay Hian	Yangzijiang	0.975	1.43	Hold
01/26/16	Deutsche	Yangzijiang	0.925	1.65	Buy
02/04/16	Credit Suisse	Yangzijiang	0.905	1.3	Neutral
02/29/16	CIMB	Yangzijiang	0.94	1.1	Add	PB0.85x
02/29/16	Credit Suisse	Yangzijiang	0.94	1	Neutral	PB0.8x
02/29/16	DBS Vickers	Yangzijiang	0.94	1.25	Buy	Sum of parts, PER9x, PB1x
02/29/16	OCBC	Yangzijiang	0.94	1.06	Buy	Sum of parts
03/01/16	Nomura	Yangzijiang	0.905	1.5	Buy
03/01/16	UOB Kay Hian	Yangzijiang	0.905	1.43	Buy
03/07/16	DMG & Partners	Yangzijiang	0.955	1.3	Buy	Sum of parts, PER8.9x FY16, PB1x FY16
04/13/16	CIMB	Yangzijiang	0.95	1.1	Add	PB0.85x
04/20/16	DBS Vickers	Yangzijiang	1.01	1.25	Buy
04/25/16	Credit Suisse	Yangzijiang	1.02	1	Neutral
05/03/16	DBS Vickers	Yangzijiang	0.99	1.25	Buy
05/03/16	OCBC	Yangzijiang	0.99	1.04	Hold	Sum of parts
06/09/16	CIMB	Yangzijiang	0.925	1.1	Add
06/09/16	DIR	Yangzijiang	0.925	0.85	Underperform	PER6.9x FY16, Cut from $0.88
07/14/16	Credit Suisse	Yangzijiang	0.91	1	Neutral
08/08/16	CIMB	Yangzijiang	0.87	1.04	Add	PB0.8x CY16
08/08/16	Credit Suisse	Yangzijiang	0.87	1	Neutral
08/08/16	OCBC	Yangzijiang	0.87	0.87	Hold	Sum of parts
08/08/16	UOB Kay Hian	Yangzijiang	0.87	0.74	Sell	PB0.6x
08/10/16	DBS Vickers	Yangzijiang	0.82	1	Buy	Sum of parts, PB0.9x FY16
09/08/16	OCBC	Yangzijiang	0.77	0.81	Hold
11/10/16	CIMB	Yangzijiang	0.805	0.91	Add	PB0.75x CY17
11/10/16	OCBC	Yangzijiang	0.805	0.81	Hold	PER7x
11/10/16	UOB Kay Hian	Yangzijiang	0.805	0.74	Hold	PB0.6x FY17, Buy @ $0.72
11/11/16	DBS Vickers	Yangzijiang	0.82	0.95	Buy	Sum of parts
03/02/17	DBS Vickers	Yangzijiang	0.98	1.12	Buy	Sum of parts
03/02/17	DIR	Yangzijiang	0.98	0.82	Underperform	PER7.4x FY17
03/02/17	OCBC	Yangzijiang	0.98	0.96	Hold	PER8x
03/15/17	CIMB	Yangzijiang	1.105	1.21	Add	Sum of parts
04/03/17	CIMB	Yangzijiang	1.13	1.21	Add	Sum of parts
04/12/17	Credit Suisse	Yangzijiang	1.155	1	Neutral
04/28/17	Credit Suisse	Yangzijiang	1.16	1.1	Neutral
04/28/17	OCBC	Yangzijiang	1.16	0.96	Hold
05/02/17	CIMB	Yangzijiang	1.15	1.25	Buy	Sum of parts
05/02/17	DBS Vickers	Yangzijiang	1.15	1.35	Buy	Sum of parts
05/02/17	OCBC	Yangzijiang	1.15	1.18	Hold	Sum of parts
06/08/17	CLSA	Yangzijiang	1.235	0.9	Sell
07/06/17	OCBC	Yangzijiang	1.225	1.18	Hold
07/18/17	Credit Suisse	Yangzijiang	1.34	1.1	Neutral
07/21/17	DBS Vickers	Yangzijiang	1.35	1.35	Buy
08/10/17	UOB Kay Hian	Yangzijiang	1.555	1.42	Hold	PB1.1x, Buy @ $1.14
08/10/17	CIMB	Yangzijiang	1.555	1.66	Add	Sum of parts, PB1x
08/10/17	Credit Suisse	Yangzijiang	1.555	1.5	Neutral	Sum of parts
08/10/17	OCBC	Yangzijiang	1.555	1.58	Hold	Buy @ $1.48
08/11/17	DBS Vickers	Yangzijiang	1.595	1.7	Buy	Sum of parts, PB1.3x
08/25/17	DIR	Yangzijiang	1.565	1.24	Sell	PER10x FY17/18
09/04/17	CIMB	Yangzijiang	1.495	1.66	Add	Sum of parts
09/04/17	DBS Vickers	Yangzijiang	1.495	1.7	Buy	Sum of parts, PB1.3x
09/06/17	Credit Suisse	Yangzijiang	1.415	1.5	Neutral
09/25/17	OCBC	Yangzijiang	1.41	1.48	Hold
10/09/17	DBS Vickers	Yangzijiang	1.49	1.7	Buy
10/26/17	Credit Suisse	Yangzijiang	1.53	1.5	Neutral
11/13/17	OCBC	Yangzijiang	1.64	1.63	Hold
11/13/17	CIMB	Yangzijiang	1.64	1.8	Add	Sum of parts
11/14/17	DBS Vickers	Yangzijiang	1.67	1.82	Buy	Sum of parts, PB1.3x
12/20/17	CIMB	Yangzijiang	1.49	1.8	Add
03/02/18	OCBC	Yangzijiang	1.45	1.49	Hold	Sum of parts
03/02/18	CIMB	Yangzijiang	1.45	1.51	Hold	Sum of parts
03/05/18	DBS Vickers	Yangzijiang	1.41	1.82	Buy	Sum of parts, PB1.3x
03/16/18	OCBC	Yangzijiang	1.3	1.34	Hold	Sum of parts

World Class - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/26/17	UOB Kay Hian	World Class	0.23	0.32	Buy

Stock calls for 6 April 2018

Date	Analyst	Company	Last	Target	Call	Valuation
04/06/18	OCBC	Comfortdelgro	2.07	2.25	Buy
04/06/18	CIMB	Genting	1.08	1.4	Add	EV/Ebitda11.5x FY19
04/06/18	CIMB	Golden Agri	0.345	0.31	Reduce
04/06/18	UOB Kay Hian	Memtech	1.58	1.5	Hold	PER12x FY18, Buy @ $1.35
04/06/18	CIMB	MM2 Asia	0.49	0.74	Add
04/06/18	Lim & Tan	Noble	0.067	0	Avoid
04/06/18	DBS Vickers	Perennial Reit	0.855	1.05	Buy
04/06/18	CIMB	Sembcorp Marine	2.17	3.01	Add
04/06/18	CIMB	Venture	27.73	30.81	Add	PER17.7x FY19
04/06/18	CIMB	Wilmar	3.1	4.1	Add

Another blow to Bitcoin!

https://finance.yahoo.com/news/blow-bitcoin-india-bans-banks-174503723.html

India has banned banks from dealing in Crypto.  This means that the Indian banks cannot transfer or receive money to and fro any e-wallet.

The US will impose 100b new tariffs against China.

https://finance.yahoo.com/news/china-win-trade-war-u-133843334.html

This is really a trade war now.  China will also retaliate with 100b new tariffs against the US.

Wing Tai - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	UOB Kay Hian	Wing Tai	1.755	2.5	Buy
01/08/16	DBS Vickers	Wing Tai	1.68	2.22	Buy
01/14/16	Kim Eng	Wing Tai	1.63	1.91	Buy	RNAV (16% discount), PB0.5x
01/26/16	Deutsche	Wing Tai	1.55	1.8	Hold
02/05/16	Kim Eng	Wing Tai	1.525	1.91	Buy	RNAV (16% discount), PB0.5x
02/15/16	OCBC	Wing Tai	1.485	2.43	Buy	RNAV (35% discount)
02/25/16	Deutsche	Wing Tai	1.54	1.8	Hold	RNAV (50% discount)
03/10/16	Kim Eng	Wing Tai	1.68	1.86	Buy	RNAV (16% discount)
03/24/16	Deutsche	Wing Tai	1.72	1.8	Hold	RNAV (44.5% discount)
04/04/16	Kim Eng	Wing Tai	1.76	1.86	Buy
04/20/16	Kim Eng	Wing Tai	1.89	1.93	Hold	RNAV (16% discount)
05/10/16	OCBC	Wing Tai	1.795	2.43	Buy
05/24/16	UOB Kay Hian	Wing Tai	1.73	2.5	Buy
06/08/16	UOB Kay Hian	Wing Tai	1.715	2.37	Buy
06/09/16	Kim Eng	Wing Tai	1.74	1.93	Hold
06/30/16	Kim Eng	Wing Tai	1.64	1.71	Hold	RNAV (18% discount)
07/07/16	Kim Eng	Wing Tai	1.64	1.71	Hold	RNAV (18% discount)
07/07/16	UOB Kay Hian	Wing Tai	1.64	2.37	Buy
07/08/16	CIMB	Wing Tai	1.665	1.95	Hold	RNAV (35% discount)
07/12/16	Deutsche	Wing Tai	1.65	1.9	Buy
08/23/16	CIMB	Wing Tai	1.78	1.87	Hold	RNAV (35% discount)
08/23/16	Kim Eng	Wing Tai	1.78	1.71	Hold
08/23/16	Lim & Tan	Wing Tai	1.78	0	Buy
08/23/16	UOB Kay Hian	Wing Tai	1.78	2.37	Buy	RNAV (30% discount)
09/09/16	Kim Eng	Wing Tai	1.72	1.71	Hold
10/05/16	Kim Eng	Wing Tai	1.69	1.71	Hold
10/28/16	Kim Eng	Wing Tai	1.71	1.75	Hold	RNAV (17% discount)
11/17/16	OCBC	Wing Tai	1.605	2.43	Buy
12/06/16	Kim Eng	Wing Tai	1.63	1.67	Hold
12/07/16	Deutsche	Wing Tai	1.635	1.9	Buy
01/11/17	Kim Eng	Wing Tai	1.64	1.67	Hold
02/07/17	OCBC	Wing Tai	1.785	2.37	Buy
03/10/17	CIMB	Wing Tai	1.79	2.05	Add	RNAV (35% discount)
03/13/17	Deutsche	Wing Tai	1.935	2	Buy
03/13/17	Kim Eng	Wing Tai	1.935	1.67	Hold
03/13/17	OCBC	Wing Tai	1.935	2.37	Buy
03/13/17	UOB Kay Hian	Wing Tai	1.935	2.54	Buy
03/16/17	Kim Eng	Wing Tai	1.9	1.8	Hold
05/12/17	Deutsche	Wing Tai	1.86	2.4	Buy
05/12/17	Kim Eng	Wing Tai	1.86	1.85	Hold
05/24/17	CIMB	Wing Tai	1.845	2.05	Add	RNAV (35% discount)
05/24/17	Lim & Tan	Wing Tai	1.845	0	Buy on weakness
05/24/17	OCBC	Wing Tai	1.845	2.37	Buy
05/24/17	UOB Kay Hian	Wing Tai	1.845	2.61	Buy	RNAV (25% discount)
06/05/17	OCBC	Wing Tai	1.91	2.37	Buy
06/14/17	DBS Vickers	Wing Tai	2.01	2.37	Buy
06/22/17	Deutsche	Wing Tai	2.02	2.93	Buy
07/18/17	CIMB	Wing Tai	2.02	2.05	Add
08/25/17	CIMB	Wing Tai	2.13	2.32	Add	RNAV (35% discount)
08/25/17	Lim & Tan	Wing Tai	2.13	0	Buy
08/29/17	OCBC	Wing Tai	2.12	2.37	Buy
09/05/17	UOB Kay Hian	Wing Tai	2.11	2.61	Buy	RNAV (25% discount)
10/04/17	UOB Kay Hian	Wing Tai	2.18	2.61	Buy	RNAV (25% discount)
10/06/17	Lim & Tan	Wing Tai	2.24	0	Buy
10/20/17	Deutsche	Wing Tai	2.24	2.6	Buy
10/24/17	Lim & Tan	Wing Tai	2.32	0	Buy
10/25/17	OCBC	Wing Tai	2.33	2.77	Buy
10/25/17	DBS Vickers	Wing Tai	2.33	2.77	Buy
11/02/17	UOB Kay Hian	Wing Tai	2.42	2.61	Buy	RNAV (25% discount)
12/01/17	UOB Kay Hian	Wing Tai	2.17	2.78	Buy
12/14/17	OCBC	Wing Tai	2.3	2.77	Buy
01/04/18	UOB Kay Hian	Wing Tai	2.29	2.78	Buy	RNAV (20% discount)
01/04/18	Deutsche	Wing Tai	2.29	2.6	Buy
01/19/18	UOB Kay Hian	Wing Tai	2.34	2.78	Buy
02/13/18	OCBC	Wing Tai	2.13	2.64	Buy
02/13/18	UOB Kay Hian	Wing Tai	2.13	2.78	Buy
03/02/18	UOB Kay Hian	Wing Tai	2.2	2.78	Buy
04/03/18	UOB Kay Hian	Wing Tai	2.06	2.78	Buy

Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/25/16	OCBC	Wilmar	2.75	3.27	Buy
01/26/16	Deutsche	Wilmar	2.68	2	Sell
02/01/16	UOB Kay Hian	Wilmar	2.85	3.6	Buy	Sum of parts, PER12.8x FY16
02/19/16	CIMB	Wilmar	3.11	3.28	Hold
02/19/16	Credit Suisse	Wilmar	3.11	3.72	Outperform
02/19/16	DBS Vickers	Wilmar	3.11	3.7	Buy
02/19/16	Lim & Tan	Wilmar	3.11	0	Hold
02/19/16	Macquarie	Wilmar	3.11	3.3	Outperform
02/22/16	CIMB	Wilmar	3.16	3.49	Add	Sum of parts
02/22/16	Citigroup	Wilmar	3.16	3.71	Buy
02/22/16	OCBC	Wilmar	3.16	3.34	Hold	PER12.5x FY16
02/23/16	DBS Vickers	Wilmar	3.16	3.85	Buy
03/18/16	OCBC	Wilmar	3.25	3.34	Hold
03/28/16	Citigroup	Wilmar	3.36	3.83	Buy
03/28/16	UOB Kay Hian	Wilmar	3.36	3.6	Buy
04/12/16	DBS Vickers	Wilmar	3.39	3.85	Buy
04/12/16	OCBC	Wilmar	3.39	3.34	Hold	Buy @ $3.20
04/25/16	Citigroup	Wilmar	3.56	4.14	Buy
04/25/16	Deutsche	Wilmar	3.56	3.5	Hold
04/25/16	UOB Kay Hian	Wilmar	3.56	3.95	Buy	Sum of parts, PER12.5x FY17
05/04/16	Credit Suisse	Wilmar	3.63	4	Neutral
05/05/16	DMG & Partners	Wilmar	3.51	4.25	Buy	Sum of parts, PER14.5x FY16
05/11/16	CIMB	Wilmar	3.41	3.49	Hold	Sum of parts
05/11/16	Macquarie	Wilmar	3.41	3.45	Neutral
05/11/16	UOB Kay Hian	Wilmar	3.41	3.8	Buy	Sum of parts, PER12.5x FY17
05/12/16	DBS Vickers	Wilmar	3.29	3.75	Hold
06/09/16	Macquarie	Wilmar	3.41	3.4	Neutral
06/17/16	DBS Vickers	Wilmar	3.29	3.76	Buy
07/20/16	CIMB	Wilmar	3.35	3.23	Reduce	Sum of parts (10% discount)
07/20/16	Citigroup	Wilmar	3.35	3.73	Buy
07/20/16	Credit Suisse	Wilmar	3.35	3.1	Underperform
07/20/16	Deutsche	Wilmar	3.35	2.8	Hold
07/20/16	DMG & Partners	Wilmar	3.35	3.28	Neutral
07/20/16	OCBC	Wilmar	3.35	3.05	Sell	Buy @ $2.85
07/20/16	UOB Kay Hian	Wilmar	3.35	3.05	Sell	Sum of parts
07/21/16	Macquarie	Wilmar	3.16	3.15	Neutral	DCF
08/12/16	CIMB	Wilmar	3.09	3.05	Reduce	Sum of parts (15% discount)
08/12/16	Credit Suisse	Wilmar	3.09	3.1	Underperform
08/12/16	DBS Vickers	Wilmar	3.09	3.13	Hold
08/12/16	UOB Kay Hian	Wilmar	3.09	3.05	Sell	Sum of parts, PER11.5x FY17
08/15/16	Credit Suisse	Wilmar	3.08	3.1	Neutral
09/15/16	Citigroup	Wilmar	3.15	3.64	Buy
09/15/16	DBS Vickers	Wilmar	3.15	3.13	Hold
10/05/16	OCBC	Wilmar	3.22	3	Hold
10/25/16	DBS Vickers	Wilmar	3.35	3.39	Hold	DCF
11/02/16	UOB Kay Hian	Wilmar	3.32	3.05	Sell	Sum of parts, PER11.5x FY17
11/11/16	CIMB	Wilmar	3.35	3.05	Reduce	Sum of parts (15% discount)
11/11/16	Credit Suisse	Wilmar	3.35	3.1	Neutral
11/14/16	CIMB	Wilmar	3.3	3.42	Hold	Sum of parts (10% discount)
11/14/16	DBS Vickers	Wilmar	3.3	3.39	Hold
11/14/16	OCBC	Wilmar	3.3	3.18	Hold	PER12.5x FY17
12/06/16	CIMB	Wilmar	3.66	3.42	Hold
12/07/16	Deutsche	Wilmar	3.67	2.8	Hold
12/08/16	Citigroup	Wilmar	3.69	3.64	Buy
12/08/16	UOB Kay Hian	Wilmar	3.69	3.05	Sell
12/12/16	OCBC	Wilmar	3.61	3.18	Hold
01/03/17	DMG & Partners	Wilmar	3.59	3.28	Neutral
01/11/17	DBS Vickers	Wilmar	3.67	3.39	Hold
02/01/17	UOB Kay Hian	Wilmar	3.88	3.5	Sell	Sum of parts, PER12.1x FY17
02/13/17	DBS Vickers	Wilmar	3.93	3.39	Hold
02/21/17	CIMB	Wilmar	3.9	3.93	Hold	Sum of parts
02/21/17	Credit Suisse	Wilmar	3.9	3.73	Neutral
02/22/17	DMG & Partners	Wilmar	3.78	3.56	Neutral	Sum of parts
02/22/17	OCBC	Wilmar	3.78	3.7	Hold	PER14x FY17
03/02/17	UOB Kay Hian	Wilmar	3.65	3.5	Sell	Sum of parts, PER12.1x FY17, Buy @ $3.20
03/13/17	DBS Vickers	Wilmar	3.58	3.9	Hold
04/11/17	DBS Vickers	Wilmar	3.52	3.9	Hold
04/11/17	DMG & Partners	Wilmar	3.52	3.62	Neutral
04/13/17	Credit Suisse	Wilmar	3.52	3.5	Neutral
05/05/17	UOB Kay Hian	Wilmar	3.47	3.5	Hold	Sum of parts, PER12.1x FY17, Buy @ $3.20
05/12/17	CIMB	Wilmar	3.43	3.93	Add	Sum of parts
05/12/17	Credit Suisse	Wilmar	3.43	3.5	Neutral
05/12/17	OCBC	Wilmar	3.43	3.7	Hold
05/15/17	CIMB	Wilmar	3.76	4.52	Add	Sum of parts
05/15/17	DMG & Partners	Wilmar	3.76	3.62	Neutral	DCF, PER13x
05/15/17	Macquarie	Wilmar	3.76	3.7	Neutral
05/15/17	UOB Kay Hian	Wilmar	3.76	4.4	Buy	Sum of parts, PER20x
05/16/17	Credit Suisse	Wilmar	3.82	3.9	Neutral	Sum of parts
05/16/17	DBS Vickers	Wilmar	3.82	3.9	Hold	DCF
06/14/17	UOB Kay Hian	Wilmar	3.51	4.4	Buy	Sum of parts
07/11/17	DBS Vickers	Wilmar	3.32	3.9	Hold
08/11/17	CIMB	Wilmar	3.42	4.52	Add	Sum of parts
08/11/17	DMG & Partners	Wilmar	3.42	3.43	Neutral	Sum of parts
08/11/17	OCBC	Wilmar	3.42	3.66	Hold
08/14/17	DBS Vickers	Wilmar	3.2	3.52	Hold	DCF
08/15/17	Credit Suisse	Wilmar	3.2	3.5	Neutral	PER15x FY17
08/28/17	DIR	Wilmar	3.22	3.82	Buy	PER15x FY17/18
09/05/17	DBS Vickers	Wilmar	3.25	3.52	Hold	DCF
09/07/17	OCBC	Wilmar	3.27	3.68	Hold
10/31/17	UOB Kay Hian	Wilmar	3.4	4.1	Buy	Sum of parts, PER14x FY18
11/13/17	DBS Vickers	Wilmar	3.31	3.52	Hold
11/14/17	UOB Kay Hian	Wilmar	3.32	4.1	Buy	Sum of parts, PER14x FY18
11/14/17	DMG & Partners	Wilmar	3.32	3.33	Neutral	Sum of parts
11/14/17	CIMB	Wilmar	3.32	4.27	Add	Sum of parts
11/14/17	OCBC	Wilmar	3.32	3.51	Hold
11/16/17	DBS Vickers	Wilmar	3.22	3.5	Hold	DCF, PER15x FY18
12/13/17	DMG & Partners	Wilmar	3.11	3.31	Neutral	Sum of parts
12/20/17	CIMB	Wilmar	3.1	4.27	Add
01/04/18	CIMB	Wilmar	3.16	4.27	Add
01/15/18	DBS Vickers	Wilmar	3.16	3.5	Hold
01/16/18	UOB Kay Hian	Wilmar	3.19	4.1	Buy	Sum of parts, PER14x FY18
02/23/18	CIMB	Wilmar	3.04	4.1	Add	Sum of parts
02/23/18	UOB Kay Hian	Wilmar	3.04	4.1	Buy	Sum of parts, PER14x FY18
02/23/18	OCBC	Wilmar	3.04	3.51	Hold	PER13.5x FY18/19
02/26/18	DBS Vickers	Wilmar	3.13	3.65	Buy	DCF
02/26/18	DMG & Partners	Wilmar	3.13	3.45	Buy	Sum of parts
03/05/18	CIMB	Wilmar	3.18	4.1	Add
03/07/18	UOB Kay Hian	Wilmar	3.16	4.1	Buy	Sum of parts
03/08/18	OCBC	Wilmar	3.18	3.51	Buy
03/14/18	DBS Vickers	Wilmar	3.23	3.65	Buy
04/03/18	DBS Vickers	Wilmar	3.21	3.65	Buy
04/05/18	DMG & Partners	Wilmar	3.08	3.45	Buy

Stock calls for 5 April 2018

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/18	CIMB	China Sunsine	1.25	1.62	Add	PER9.8x CY19
04/05/18	OCBC	Frasers Commercial Trust	1.41	1.51	Buy
04/05/18	UOB Kay Hian	Genting	1.03	1.3	Buy	EV/Ebitda10.4x FY18
04/05/18	Amfrasers	Mindchamps	0.74	0.86	Buy	PER23.2x FY18
04/05/18	Amfrasers	Sing Holdings	0.42	0.68	Buy	RNAV (30% discount), PB1x FY17
04/05/18	DMG & Partners	Wilmar	3.08	3.45	Buy

The 3rd company, Vard, is delisting from SGX in 2018.

http://www.businesstimes.com.sg/companies-markets/vard-gets-sgx-nod-for-proposed-delisting

Vard is the 3rd company to leave SGX in 2018.

SGX will be in serious trouble when there are more delisting than IPO listing.

http://sg-stock.blogspot.sg/2018/02/another-company-jaya-is-leaving-sgx.html