OUE - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/17	DIR	OUE	1.95	3.05	Buy	Sum of parts
02/20/17	OCBC	OUE	1.95	2.17	Buy
04/12/17	Deutsche	OUE	2.06	2.2	Buy
04/12/17	OCBC	OUE	2.06	2.17	Buy
05/12/17	Deutsche	OUE	2	3	Buy
05/12/17	DIR	OUE	2	3	Buy	Sum of parts
06/22/17	Deutsche	OUE	1.985	3	Buy
10/20/17	Deutsche	OUE	2.02	3	Buy
11/07/17	OCBC	OUE	2.02	2.47	Buy
02/26/18	OCBC	OUE	1.93	2.28	Buy
05/14/18	OCBC	OUE	1.81	2.25	Buy

Old Chang Kee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/17	phillip	Old Chang Kee	0.835	0.98	Buy	DCF
04/17/17	phillip	Old Chang Kee	0.85	0.98	Buy
06/05/17	phillip	Old Chang Kee	0.83	0.98	Buy	DCF
08/17/17	phillip	Old Chang Kee	0.765	0.98	Buy	DCF
11/14/17	phillip	Old Chang Kee	0.75	0.98	Buy	DCF
12/04/17	phillip	Old Chang Kee	0.76	0.98	Buy	DCF
02/15/18	phillip	Old Chang Kee	0.745	0.98	Buy	DCF
03/19/18	phillip	Old Chang Kee	0.76	0.98	Buy
04/16/18	phillip	Old Chang Kee	0.775	0.98	Buy
05/31/18	phillip	Old Chang Kee	0.755	0.98	Buy	DCF, PER22.6x FY19

Olam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/17	DBS Vickers	Olam	2.05	2.12	Hold	DCF & PER16.4x
05/16/17	DBS Vickers	Olam	1.99	2.15	Hold	DCF & PER16.3x
03/01/18	DBS Vickers	Olam	2.25	2.31	Hold	DCF & PER16.1x
04/03/18	DBS Vickers	Olam	2.32	2.31	Hold

Stock calls for 9 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/09/18	DBS Vickers	APAC Realty	0.58	0.66	Fully Valued	PER10x FY18
07/09/18	Kim Eng	Bukit Sembawang	5.31	5.1	Hold
07/09/18	Phillip	Capitaland	2.99	4.19	Accumulate
07/09/18	DBS Vickers	Capitaland	2.99	3.62	Buy	RNAV (25% discount)
07/09/18	Kim Eng	Capitaland	2.99	3.8	Buy
07/09/18	phillip	Chip Eng Seng	0.79	1.15	Buy
07/09/18	DBS Vickers	Chip Eng Seng	0.79	0.75	Fully Valued	Sum of parts
07/09/18	phillip	City Developments	9.46	12.6	Accumulate	RNAV (20% discount)
07/09/18	DBS Vickers	City Developments	9.46	10	Fully Valued	RNAV (35% discount)
07/09/18	OCBC	City Developments	9.46	9.59	Hold
07/09/18	Kim Eng	City Developments	9.46	10.4	Hold
07/09/18	DBS Vickers	Frasers Property	1.58	1.9	Buy	RNAV (35% discount)
07/09/18	Kim Eng	Guocoland	1.83	2	Hold
07/09/18	UOB Kay Hian	HMI	0.595	0.82	Buy	DCF
07/09/18	phillip	Ho Bee	2.3	2.98	Accumulate
07/09/18	Kim Eng	Ho Bee	2.3	3.05	Buy
07/09/18	DBS Vickers	Keppel Corp	6.58	9.1	Buy	Sum of parts
07/09/18	Kim Eng	Oxley	0.345	0.34	Hold
07/09/18	DBS Vickers	Roxy-Pacific	0.43	0.4	Fully Valued	RNAV (55% discount)
07/09/18	Kim Eng	Starhub	1.7	1.96	Buy	DCF
07/09/18	OCBC	UOL	6.7	8.48	Buy	RNAV (35% discount)
07/09/18	DBS Vickers	UOL	6.7	7.82	Buy	RNAV (35% discount)
07/09/18	Kim Eng	UOL	6.7	8.95	Buy
07/09/18	CIMB	Vard	0.25	0.25	Do Not Accept	Offer $0.25 is not fair

Expedia has just dumped bitcoin payment system.

https://sg.finance.yahoo.com/news/expedia-stops-accepting-bitcoin-driving-230729890.html

This is not unexpected.  Why?

Please read our previous postings on this if you're interested to find out more.

http://sg-stock.blogspot.com/2018/03/crypto-community-hub-reddit-dumps.html

The dexterity of China's medical robot, Da Vinci, is simply amazing.

What can I say? Simply amazing!

Baltic dry index - 1567

Today, Wednesday, July 04 2018, the Baltic Dry Index climbed by 91 points, reaching 1567 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 - 1052

Rig counts in the U.S. rose by five last week, the Houston energy services company Baker Hughes reported.

In the U.S. 1,052 rigs are working, a figure that is 100 rigs higher than a year ago. The five added rigs were all in oil drilling. That count stands at 863.

Texas lost four rigs while Alaska and Utah lost two. Those were offset by rig gains of four in New Mexico, three in North Dakota, and two in Louisiana.

The Permian Basin oil field in West Texas and Eagle Ford Shale oil field in South Texas both gained one rig. The Cana Woodford field in Oklahoma lost six rigs, falling to 68.

====================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

OKP - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/15/17	DBS Vickers	OKP	0.395	0.45	Not Rated	PER11x FY17
06/28/17	Amfrasers	OKP	0.445	0.52	Buy	PER11x FY17
07/17/17	Amfrasers	OKP	0.395	0.39	Hold
02/20/18	Amfrasers	OKP	0.35	0.39	Hold

OCBC Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	OCBC	8.92	8.81	Neutral
01/03/17	UOB Kay Hian	OCBC	8.92	10.45	Buy
01/04/17	Kim Eng	OCBC	8.98	7.4	Sell
01/06/17	UOB Kay Hian	OCBC	9.18	10.65	Buy	GGM, PB1.2x FY17
01/11/17	DIR	OCBC	9.35	11	Buy
01/11/17	UBS	OCBC	9.35	10.3	Buy
02/02/17	Lim & Tan	OCBC	9.48	0	Hold
02/03/17	CIMB	OCBC	9.45	8.18	Reduce
02/06/17	Macquarie	OCBC	9.42	10	Outperform
02/08/17	UOB Kay Hian	OCBC	9.66	10.65	Buy
02/14/17	Lim & Tan	OCBC	9.75	0	Take profit/Sell	Buy @ $8.49
02/15/17	CIMB	OCBC	9.43	8.83	Reduce	GGM, PB0.98x CY17
02/15/17	Credit Suisse	OCBC	9.43	10.5	Outperform
02/15/17	DBS Vickers	OCBC	9.43	10.3	Hold	GGM, PB1.1x FY17
02/15/17	DIR	OCBC	9.43	11	Buy	GGM, PB1.23x
02/15/17	DMG & Partners	OCBC	9.43	8.9	Neutral	GGM, PB1x FY17
02/15/17	Kim Eng	OCBC	9.43	8.05	Sell	PB0.9x FY17
02/15/17	UOB Kay Hian	OCBC	9.43	10.75	Buy	GGM, PB1.19x FY17
02/16/17	phillip	OCBC	9.45	8.48	Reduce	PB0.95x FY17
03/02/17	UOB Kay Hian	OCBC	9.53	10.75	Buy	GGM, PB1.19x FY17
03/03/17	CIMB	OCBC	9.51	8.83	Reduce
03/03/17	Jefferies	OCBC	9.51	8	Underperform
03/06/17	Macquarie	OCBC	9.49	10	Outperform
03/21/17	DMG & Partners	OCBC	9.63	8.9	Neutral	GGM, PB1x FY17
03/21/17	Kim Eng	OCBC	9.63	8.05	Sell
04/03/17	Kim Eng	OCBC	9.72	8.05	Sell
04/12/17	UOB Kay Hian	OCBC	9.59	10.75	Buy	GGM, PB1.19x FY17
04/18/17	DIR	OCBC	9.59	11	Buy
04/25/17	CIMB	OCBC	9.64	8.83	Reduce
04/25/17	Sanford C Bernstein	OCBC	9.64	10.95	Outperform
05/09/17	DMG & Partners	OCBC	10.3	8.9	Neutral
05/09/17	Lim & Tan	OCBC	10.3	0	Hold
05/09/17	UBS	OCBC	10.3	10.4	Neutral
05/11/17	CIMB	OCBC	10.46	9.94	Hold	GGM, PB1.1x CY17
05/11/17	Credit Suisse	OCBC	10.46	11.1	Outperform
05/11/17	DBS Vickers	OCBC	10.46	10.3	Hold	GGM, PB1.1x FY17
05/11/17	DIR	OCBC	10.46	11	Hold	GGM, PB1.22x FY17
05/11/17	DMG & Partners	OCBC	10.46	10.22	Neutral
05/11/17	Kim Eng	OCBC	10.46	9.85	Hold	PB1.1x FY17
05/11/17	Macquarie	OCBC	10.46	10	Outperform	PB1.19x
05/11/17	phillip	OCBC	10.46	8.48	Reduce	PB0.95x FY17
05/11/17	UOB Kay Hian	OCBC	10.46	11.7	Buy	GGM, PB1.3x FY17
05/23/17	Jefferies	OCBC	10.3	10.5	Hold
06/08/17	UOB Kay Hian	OCBC	10.58	11.7	Buy
06/14/17	Kim Eng	OCBC	10.74	9.85	Hold	PB1.1x FY18
06/28/17	DMG & Partners	OCBC	10.73	10.15	Neutral
06/28/17	UOB Kay Hian	OCBC	10.73	11.7	Buy	GGM, PB1.3x FY17
07/03/17	Kim Eng	OCBC	10.79	9.85	Hold
07/04/17	UOB Kay Hian	OCBC	10.72	13	Buy	GGM, PB1.36x FY18
07/12/17	Credit Suisse	OCBC	10.79	10.9	Neutral
07/27/17	Lim & Tan	OCBC	11.25	0	Hold
07/27/17	UBS	OCBC	11.25	11.3	Neutral
07/28/17	Macquarie	OCBC	11.49	10.4	Neutral	GGM, PB1.27x FY18
07/28/17	phillip	OCBC	11.49	10.81	Neutral	GGM, PB1.2x
07/28/17	DIR	OCBC	11.49	11.5	Hold	GGM, PB1.24x
07/28/17	UOB Kay Hian	OCBC	11.49	13.38	Buy	GGM, PB1.39x FY18
07/28/17	DMG & Partners	OCBC	11.49	10.96	Neutral	GGM, PB1.16x FY17
07/28/17	CIMB	OCBC	11.49	11.98	Hold	GGM, PB1.3x CY17
07/28/17	DBS Vickers	OCBC	11.49	12.8	Buy	GGM, PB1.3x FY18
08/07/17	UOB Kay Hian	OCBC	11.21	13.38	Buy
08/18/17	Macquarie	OCBC	11.14	10.4	Neutral
08/22/17	Kim Eng	OCBC	11.02	11.05	Hold	GGM, PB1.1x FY18
08/23/17	Macquarie	OCBC	11.07	12.2	Outperform
08/23/17	DBS Vickers	OCBC	11.07	12.8	Buy
08/23/17	Deutsche	OCBC	11.07	11.5	Hold
09/12/17	DMG & Partners	OCBC	10.92	10.96	Neutral	PB1.1x FY18
09/18/17	phillip	OCBC	10.95	10.81	Neutral
09/18/17	Kim Eng	OCBC	10.95	11.05	Hold
09/20/17	DBS Vickers	OCBC	11	12.8	Buy	GGM, PB1.3x FY18
09/20/17	Credit Suisse	OCBC	11	10.9	Neutral
09/20/17	Macquarie	OCBC	11	12.2	Outperform
10/06/17	UOB Kay Hian	OCBC	11.25	13.38	Buy	GGM, PB1.39x FY18
10/09/17	DIR	OCBC	11.37	11.5	Hold
10/09/17	DBS Vickers	OCBC	11.37	12.8	Buy	GGM, PB1.3x FY18
10/09/17	Credit Suisse	OCBC	11.37	11.6	Neutral
10/20/17	phillip	OCBC	11.44	11.95	Accumulate
10/23/17	Macquarie	OCBC	11.49	12.2	Outperform
10/25/17	DBS Vickers	OCBC	11.46	12.8	Buy
10/27/17	UOB Kay Hian	OCBC	11.57	13.56	Buy	GGM, PB1.44x FY18
10/27/17	phillip	OCBC	11.57	13.48	Buy	GGM, PB1.44x FY18
10/27/17	CIMB	OCBC	11.57	12.6	Add	GGM, PB1.29x FY18
10/27/17	DBS Vickers	OCBC	11.57	13.5	Buy	GGM, PB1.3x Fy18
10/27/17	Lim & Tan	OCBC	11.57	0	Buy
10/27/17	Credit Suisse	OCBC	11.57	11.7	Neutral
10/27/17	Kim Eng	OCBC	11.57	12	Hold	PB1.2x
10/27/17	UBS	OCBC	11.57	12.2	Neutral
11/01/17	UOB Kay Hian	OCBC	11.9	13.56	Buy	GGM, PB1.44x FY18
11/01/17	Deutsche	OCBC	11.9	12.3	Hold
11/20/17	Credit Suisse	OCBC	11.65	12.6	Neutral
11/20/17	CIMB	OCBC	11.65	12.6	Add
11/23/17	DBS Vickers	OCBC	12.01	13.5	Buy	GGM, PB1.3x FY18
12/01/17	UOB Kay Hian	OCBC	12.45	13.56	Buy	GGM, PB1.44x FY18
12/08/17	phillip	OCBC	12.12	13.48	Buy
12/08/17	Jefferies	OCBC	12.12	14	Buy
12/20/17	CIMB	OCBC	12.25	12.6	Add
01/02/18	UOB Kay Hian	OCBC	12.39	13.56	Buy	GGM, PB1.44x FY18
01/05/18	DBS Vickers	OCBC	12.95	14	Buy	GGM, PB1.4x FY18
01/05/18	UOB Kay Hian	OCBC	12.95	14.88	Buy	GGM, PB1.58x FY18
01/09/18	Deutsche	OCBC	12.99	13.6	Hold
01/10/18	phillip	OCBC	12.91	13.48	Buy
02/03/18	UOB Kay Hian	OCBC	12.26	14.88	Buy
02/05/18	Macquarie	OCBC	12.81	14	Outperform
02/12/18	phillip	OCBC	12.19	13.48	Buy
02/15/18	UOB Kay Hian	OCBC	12.26	14.9	Buy	GGM, PB1.56x FY18
02/15/18	Kim Eng	OCBC	12.26	13.5	Hold	PB1.4x FY18
02/15/18	Credit Suisse	OCBC	12.26	14.7	Outperform
02/15/18	CIMB	OCBC	12.26	14	Add	GGM, PB1.4x FY18, PER11.7x FY19
02/15/18	Jefferies	OCBC	12.26	14	Buy
02/15/18	DBS Vickers	OCBC	12.26	14	Buy	GGM, PB1.4x FY18
02/22/18	UBS	OCBC	13	14.5	Buy
02/22/18	phillip	OCBC	13	13.94	Buy	GGM, PB1.46x
03/02/18	UOB Kay Hian	OCBC	13.21	14.9	Buy
03/08/18	UOB Kay Hian	OCBC	13.21	14.95	Buy	GGM, PB1.54x FY18
03/20/18	Kim Eng	OCBC	13.18	14.83	Buy
03/22/18	Lim & Tan	OCBC	13.42	0	Buy
04/03/18	UOB Kay Hian	OCBC	12.77	14.95	Buy
04/16/18	Credit Suisse	OCBC	13.08	15.75	Buy
04/20/18	UOB Kay Hian	OCBC	13.74	16.02	Buy	GGM, PB1.64x FY18
04/20/18	CIMB	OCBC	13.74	15	Add	GGM, PB1.5x FY18
04/27/18	DBS Vickers	OCBC	13.76	15.3	Buy	GGM, PB1.5x FY18
05/03/18	UOB Kay Hian	OCBC	13.86	16.02	Buy
05/08/18	Macquarie	OCBC	13.17	14.5	Outperform
05/08/18	CIMB	OCBC	13.17	14	Hold	GGM, PB1.5x FY18
05/08/18	UOB Kay Hian	OCBC	13.17	16.5	Buy	GGM, PB1.66x FY18
05/08/18	Credit Suisse	OCBC	13.17	15.1	Outperform
05/08/18	DBS Vickers	OCBC	13.17	15.3	Buy	GGM, PB1.5x FY18
05/08/18	Deutsche	OCBC	13.17	14	Hold
05/09/18	phillip	OCBC	13.08	14.9	Accumulate	GGM, PB1.6x FY18
05/09/18	Kim Eng	OCBC	13.08	14.6	Buy	GGM, PB1.5x FY18
06/01/18	UOB Kay Hian	OCBC	12.54	16.5	Buy	GGM, PB1.68 FY18
06/04/18	phillip	OCBC	12.53	14.9	Accumulate
06/26/18	UOB Kay Hian	OCBC	11.6	14.28	Buy	GGM, PER1.46x FY18
07/02/18	phillip	OCBC	11.64	14.9	Accumulate
07/03/18	UOB Kay Hian	OCBC	11.51	14.28	Buy
07/06/18	DBS Vickers	OCBC	11.5	12.2	Hold

Stock calls for 6 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/06/18	DBS Vickers	A-Reit	2.65	3	Buy
07/06/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.55	Buy
07/06/18	DBS Vickers	ART	1.09	1.3	Buy
07/06/18	DBS Vickers	Ascendas Hospitality Trust	0.785	0.98	Buy
07/06/18	DBS Vickers	Cache Logistics	0.76	0.88	Hold
07/06/18	Kim Eng	Capitaland	3.18	4.1	Buy
07/06/18	DBS Vickers	Capitamall Trust	2.05	2.19	Buy
07/06/18	DBS Vickers	CDL Hospitality	1.58	2	Buy
07/06/18	CIMB	City Developments	10.21	13.41	Add
07/06/18	Kim Eng	City Developments	10.21	14.2	Buy
07/06/18	DBS Vickers	Far East Hospitality	0.625	0.76	Buy
07/06/18	DBS Vickers	Frasers Centrepoint Trust	2.2	2.45	Buy
07/06/18	DBS Vickers	Frasers Hospitality Trust	675	0.83	Buy
07/06/18	DBS Vickers	Frasers Property	1.67	2.35	Buy
07/06/18	phillip	Geo Energy	0.225	0.41	Buy
07/06/18	phillip	Golden Energy	0.335	0.48	Buy
07/06/18	DBS Vickers	Mapletree Industrial	1.96	2.22	Buy
07/06/18	Kim Eng	Mapletree Logistics	1.23	1.25	Hold
07/06/18	DBS Vickers	Mapletree Logistics	1.23	1.48	Buy
07/06/18	DBS Vickers	OCBC	11.5	12.2	Hold
07/06/18	DBS Vickers	OUE Hospitality	0.765	0.93	Buy
07/06/18	DBS Vickers	Singapore Post	1.27	1.55	Buy
07/06/18	DBS Vickers	SPH	2.67	2.6	Hold
07/06/18	DBS Vickers	SPH Reit	0.99	1.07	Buy
07/06/18	DBS Vickers	UOB	27.09	28.3	Hold
07/06/18	CIMB	UOL	7.75	9.65	Add
07/06/18	Kim Eng	UOL	7.75	10.85	Buy

US-China trade war has started officially today!

https://sg.finance.yahoo.com/news/trump-says-tariffs-kick-against-china-221658793.html

The world economies won't be doing well now because the worldwide supply chain will be disrupted by the US-China trade war.  Many countries which are not directly involved in the trade war will also impose tariffs for self-protection to prevent goods diversion from the trade war.

Sigh! The world is paying a heavy price because of 1 single man (Trump) irresponsible action.

Trump wants to invade Venezuela!

https://sg.news.yahoo.com/us-official-trump-pressed-aides-venezuela-invasion-044213413.html

Trump had indicated on numerous occasions that he wanted to invade Venezuela in his public appearances.

Therefore, the USA will once again try to discredit and create false intelligence to produce a "legitimate" reason to attack Venezuela just like what it did for Iraq.

The USA will invade unilaterally without UN mandate because it believes that nobody will dare to punish the USA.

Malaysian's suspension of its ECRL will have serious repercussion to its Melaka Gateway.

https://www.channelnewsasia.com/news/asia/malaysia-suspends-construction-of-major-belt-and-road-rail-10499184

Malaysia has decided to suspend its ECRL due to its high cost which will affect the success of the Melaka Gateway.  The Melaka Gateway will become a white elephant since it has lost its strategic importance because it is no longer connected to the Kuantan port.  China wanted to use the Melaka Gateway (MG) to bypass Singapore's port but MG would lose its value when it was no longer connected to the Kuantan port.

http://sg-stock.blogspot.com/2016/11/how-sea-freight-will-bypass-singapore.html

This is definitely good news for Singapore and we need to thank Malaysia for this.

Noble - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/17	Credit Suisse	Noble	0.197	0.21	Neutral
02/28/17	DBS Vickers	Noble	0.23	0.23	Hold	PB1x
05/12/17	Credit Suisse	Noble	0.87	0.8	Neutral
05/12/17	DBS Vickers	Noble	0.87	0.94	Hold	Stock consol 10-into-1
05/12/17	Macquarie	Noble	0.87	0.7	Underperform	Cut from $1.40
08/03/17	Iceberg Research	Noble	0.395	0	Sell	Bankruptcy alert
08/17/17	Lim & Tan	Noble	0.435	0	Sell/Avoid	Bankruptcy alert
11/21/17	Lim & Tan	Noble	0.193	0	Avoid
03/01/18	Lim & Tan	Noble	0.172	0	Avoid	Suspension alert
04/06/18	Lim & Tan	Noble	0.067	0	Avoid

Netlink - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/20/17	DIR	Netlink	0.81	0.97	Buy	DCF
08/01/17	Deutsche	Netlink	0.815	0.95	Buy	DCF
08/29/17	DBS Vickers	Netlink	0.81	0.95	Buy	DCF
08/29/17	UOB Kay Hian	Netlink	0.81	0.93	Buy	DCF
09/25/17	UOB Kay Hian	Netlink	0.825	0.93	Buy
09/28/17	DIR	Netlink	0.825	0.97	Buy	DCF
11/10/17	DBS Vickers	Netlink	0.825	0.95	Buy	DCF
11/13/17	UOB Kay Hian	Netlink	0.825	0.93	Buy	DCF
01/12/18	UOB Kay Hian	Netlink	835	0.93	Buy
01/26/18	DBS Vickers	Netlink	0.83	0.95	Buy	DCF
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
03/12/18	UOB Kay Hian	Netlink	0.82	0.93	Buy
03/14/18	OCBC	Netlink	0.82	0.91	Buy	DDM
05/15/18	OCBC	Netlink	0.815	0.91	Buy
05/16/18	OCBC	Netlink	0.82	0.9	Buy
05/16/18	DBS Vickers	Netlink	0.82	0.97	Buy	DCF
07/02/18	DBS Vickers	Netlink	0.74	0.87	Buy	DCF

Nera Telecom - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
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 5 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/05/18	DBS Vickers	Frasers Logistics	1.04	1.2	Buy	DCF
07/05/18	Kim Eng	M1	1.58	1.63	Hold
07/05/18	Kim Eng	Mapletree Industrial	1.96	2.25	Buy	DDM
07/05/18	CIMB	SPH	2.59	2.85	Add	Sum of parts
07/05/18	OCBC	ST Engineering	3.25	3.9	Buy
07/05/18	UOB Kay Hian	Venture	17.5	18.2	Hold	PER14x FY18, Buy @ $14

Neo Group - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
02/09/18	DMG & Partners	Neo Group	0.67	0.67	Neutral