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Friday, October 12, 2018

Stock calls for 12 October 2018


Date Analyst Company Last Target Call Valuation
10/12/18 UOB Kay Hian Memtech 0.85 0.95 Hold PER9.8x FY18, Buy @ $0.75
10/12/18 CIMB SPH Reit 0.985 1.03 Hold DDM
10/12/18 DBS Vickers SPH Reit 0.985 1.04 Buy DCF
10/12/18 OCBC SPH Reit 0.985 0.99 Hold
10/12/18 Lim & Tan SPH Reit 0.985 0 Hold

China's export is still powering ahead despite the US tariffs.

https://www.reuters.com/article/us-china-economy-trade/china-september-exports-surge-creating-record-surplus-with-u-s-despite-tariffs-idUSKCN1MM080

China's export is still surging despite the US tariffs.  This shows that the impact from the US tariffs is still not felt by the Chinese as the consequence is being mitigated by the RMB depreciation.

With the upcoming stimulus packages from the central government, the Chinese will be able to withstand the US tariffs.

Thursday, October 11, 2018

The US is still trying to smear China.

https://sg.finance.yahoo.com/news/china-trying-sway-u-vote-poses-threat-officials-082849122.html

Despite falsely accusing China of implanting a small microchip as small as a grain of rice in some US servers and devices, the US is trying to accuse China of interfering in the US election now.

The US had discovered that it's impossible to discredit China based on the fraudulent microchip writeup through Bloomberg because of the insurmountable engineering feat of producing a 3-in-1 microchip.

http://sg-stock.blogspot.com/2018/10/the-us-is-embarking-on-anti-china.html

Therefore, the US has abandoned the spying story and moved on to the election story.

HMI - Stock calls


Date Analyst Company Last Target Call Valuation
02/10/17 Amfraserss HMI 0.645 0.84 Buy
02/13/17 Amfraserss HMI 0.645 0.86 Buy DCF, PER36x FY18
03/10/17 phillip HMI 0.61 0.83 Buy DCF
03/13/17 CIMB HMI 0.635 0.81 Add DCF
03/24/17 OCBC HMI 0.64 0.8 Buy DCF
04/20/17 OCBC HMI 0.625 0.8 Buy
04/20/17 UOB Kay Hian HMI 0.625 0.83 Buy DCF
05/09/17 CIMB HMI 0.615 0.81 Add DCF
05/12/17 OCBC HMI 0.605 0.8 Buy DCF
05/15/17 Amfrasers HMI 0.6 0.86 Buy DCF, PER38x FY18
05/15/17 CIMB HMI 0.6 0.83 Add DCF
05/15/17 phillip HMI 0.6 0.83 Buy DCF, PER35x FY18
06/05/17 Kim Eng HMI 0.63 0.84 Buy DCF, PER35x FY18
06/08/17 OCBC HMI 0.69 0.8 Buy
06/19/17 UOB Kay Hian HMI 0.685 0.83 Buy DCF
08/01/17 UOB Kay Hian HMI 0.665 0.83 Buy DCF
08/24/17 OCBC HMI 0.65 0.8 Buy DCF
08/25/17 Kim Eng HMI 0.645 0.8 Buy DCF
08/25/17 CIMB HMI 0.645 0.83 Add DCF
08/29/17 phillip HMI 0.645 0.83 Buy DCF
09/11/17 UOB Kay Hian HMI 0.635 0.83 Buy DCF
11/15/17 CIMB HMI 0.715 0.83 Add DCF
11/15/17 phillip HMI 0.715 0.83 Buy DCF
11/15/17 UOB Kay Hian HMI 0.715 0.83 Buy DCF
11/15/17 Kim Eng HMI 0.715 0.8 Buy DCF
01/08/18 CIMB HMI 0.665 0.83 Add DCF
02/14/18 phillip HMI 0.63 0.83 Buy DCF
02/14/18 UOB Kay Hian HMI 0.63 0.83 Buy DCF
02/14/18 Kim Eng HMI 0.63 0.8 Buy DCF
05/11/18 phillip HMI 0.645 0.83 Buy DCF
05/11/18 UOB Kay Hian HMI 0.645 0.83 Buy DCF
05/16/18 Kim Eng HMI 0.665 0.8 Buy
07/09/18 UOB Kay Hian HMI 0.595 0.82 Buy DCF
07/16/18 CIMB HMI 0.58 0.8 Add
08/21/18 CIMB HMI 0.575 0.8 Add
08/28/18 UOB Kay Hian HMI 0.62 0.82 Buy DCF
08/29/18 CIMB HMI 0.61 0.79 Add DCF
08/29/18 UOB Kay Hian HMI 0.61 0.84 Buy DCF
08/30/18 phillip HMI 0.615 0.83 Buy DCF

HLH - Stock calls


Date Analyst Company Last Target Call Valuation
06/29/18 SAC HLH 0.163 0.51 Buy RNAV (40% discount), PB0.8x FY18

HL Global - Stock calls


Date Analyst Company Last Target Call Valuation
02/21/17 Amfraserss HL Global 0.395 0 Not Rated Net-cash post divestment $0.65

Stock calls for 11 October 2018


Date Analyst Company Last Target Call Valuation
10/11/18 DBS Vickers Bumitama 0.66 0.85 Buy DCF
10/11/18 Kim Eng Bumitama 0.66 0.98 Buy
10/11/18 UOB Kay Hian Comfortdelgro 2.25 2.59 Buy PER16.8x FY19
10/11/18 CIMB Comfortdelgro 2.25 2.75 Add DCF
10/11/18 DMG & Partners CSE Global 0.475 0.59 Buy DCF
10/11/18 Jefferies DBS 24.95 31 Buy
10/11/18 DBS Vickers First Resources 1.68 1.97 Buy DCF
10/11/18 Kim Eng First Resources 1.68 2 Buy
10/11/18 DBS Vickers Golden Agri 0.255 0.33 Not Rated DCF
10/11/18 DBS Vickers Indofood Agri 0.215 0.21 Hold DCF
10/11/18 DMG & Partners Mindchamps 0.62 0.94 Buy
10/11/18 OCBC Netlink 0.785 0.9 Buy
10/11/18 Jefferies OCBC 10.95 14 Buy
10/11/18 Lim & Tan Sembcorp Industries 2.95 0 Buy
10/11/18 DMG & Partners Singtel 3.14 3.7 Buy
10/11/18 Jefferies UOB 25.88 34 Buy
10/11/18 DBS Vickers Wilmar 3.14 3.59 Buy DCF

The stock market rout is caused by the technology sector.

https://sg.news.yahoo.com/huawei-unveils-chips-boost-cloud-computing-shanghai-conference-022643629--finance.html

The Dow fell 831 points last night.  The Asian indices are falling like hell now!

What's the trigger point for the onslaught?

The trigger point is the structural reform in the technology sector in China.  After Huawei announced its AI chips for its servers, the announcement dawned on investors and me that the technological structural reform in China would kick out the US chips in the future because China-made electronics products like laptops, servers, smart devices, etc will be using China chips.  Consequently, the US chips makers will suffer as they will lose the world's largest market.

The stock analysts will have to scale back their technology stock valuations as this is not factored in their analyses.  Many tech stocks will get downgraded soon.

Watch out for the tech stocks now!





Wednesday, October 10, 2018

Hot News! Indonesia earthquake will cause death toll to exceed 7,000.

https://www.news.com.au/world/asia/missing-toll-soars-to-5000-in-engulfed-indonesia-quake-neighbourhoods/news-story/1306f0094870dbe1f7457e4ba42bc361

Liquefaction landslide wiped out the entire village in Indonesia!

Huawei will stop using Intel chips.

https://sg.news.yahoo.com/huawei-unveils-chips-boost-cloud-computing-shanghai-conference-022643629--finance.html

The US has caused Intel to lose a major client, Huawei, because of security concerns.  This has caused Huawei to develop its own chipsets to power its devices.  Huawei will not sell these chips to 3rd parties because it wants to satisfy its own internal demand first.

The US technology companies will lose a lot of businesses in China because China technology firms will start using its own locally produced chips.

Hi-P - Stock calls


Date Analyst Company Last Target Call Valuation
05/23/17 DBS Vickers Hi-P 0.88 1.07 Buy PER12x FY18
06/16/17 DBS Vickers Hi-P 0.935 1.07 Buy
08/07/17 DBS Vickers Hi-P 1.19 1.45 Buy PER13x
10/03/17 DBS Vickers Hi-P 1.405 1.67 Buy PER13.2x FY18
11/08/17 DBS Vickers Hi-P 1.93 2.3 Buy PER15.4x FY18
12/06/17 DBS Vickers Hi-P 1.61 2.3 Buy
12/21/17 Kim Eng Hi-P 1.75 2.11 Buy PB3.4x FY17, PER13.6x FY18, PEG0.7x
02/15/18 Kim Eng Hi-P 1.92 2.43 Buy PB3.2x FY18
02/15/18 DBS Vickers Hi-P 1.92 2.48 Buy PER14.4x FY18
04/03/18 DBS Vickers Hi-P 2.17 2.48 Buy
04/27/18 DBS Vickers Hi-P 1.8 1.88 Hold PER13.3x FY18
05/03/18 DBS Vickers Hi-P 1.69 1.8 Hold PER13.3x FY18
05/03/18 Lim & Tan Hi-P 1.69 0 Sell
05/04/18 Kim Eng Hi-P 1.57 1.45 Hold PB2x
08/02/18 DBS Vickers Hi-P 1.27 1.21 Hold PER11.2x FY18/19
08/03/18 Kim Eng Hi-P 1.15 1.27 Hold PB
10/03/18 DBS Vickers Hi-P 1 1.3 Buy PER12x FY19

Hatten Land - Stock calls


Date Analyst Company Last Target Call Valuation
02/28/17 NRA Hatten Land 0.27 0.44 Overweight
03/14/17 UOB Kay Hian Hatten Land 0.285 0.43 Buy Sum of parts
05/16/17 UOB Kay Hian Hatten Land 0.196 0.43 Buy Sum of parts
06/21/17 CIMB Hatten Land 0.181 0.38 Add RNAV (45% discount)
07/05/17 UOB Kay Hian Hatten Land 0.225 0.43 Buy
08/18/17 CIMB Hatten Land 0.2 0.38 Add RNAV (45% discount)
08/21/17 NRA Hatten Land 0.205 0.46 Overweight DCF, PER20.2x FY18

Guocoland - Stock calls


Date Analyst Company Last Target Call Valuation
01/24/17 CIMB Guocoland 1.845 2.59 Add RNAV (25% discount)
03/08/17 UOB Kay Hian Guocoland 1.85 2.55 Buy
08/17/17 Kim Eng Guocoland 2.04 2.75 Buy RNAV (22% discount)
08/25/17 UOB Kay Hian Guocoland 2.28 2.8 Buy RNAV (23.5% discount)
08/29/17 CIMB Guocoland 2.32 2.77 Add RNAV (25% discount)
09/18/17 UOB Kay Hian Guocoland 2.29 2.8 Buy
09/25/17 Kim Eng Guocoland 2.29 2.75 Buy RNAV (23.5% discount)
10/09/17 Kim Eng Guocoland 2.31 2.9 Buy RNAV (20% discount)
10/20/17 CIMB Guocoland 2.41 2.82 Add RNAV (25% discount)
11/17/17 Kim Eng Guocoland 2.19 2.9 Buy
12/01/17 UOB Kay Hian Guocoland 2.08 2.8 Buy
12/07/17 Kim Eng Guocoland 2.09 2.95 Buy RNAV (20% discount)
01/16/18 Kim Eng Guocoland 2.26 2.95 Buy RNAV (38% discount), PB0.68x
02/02/18 CIMB Guocoland 2.25 2.88 Add RNAV (25% discount)
02/05/18 Kim Eng Guocoland 2.22 2.95 Buy RNAV (20% discount)
03/20/18 CIMB Guocoland 2.11 2.88 Add RNAV (25% discount)
03/20/18 Kim Eng Guocoland 2.11 3 Buy RNAV (20% discount)
04/02/18 Kim Eng Guocoland 2.08 3 Buy RNAV (20% discount)
06/19/18 Kim Eng Guocoland 2.07 3 Buy
07/09/18 Kim Eng Guocoland 1.83 2 Hold
08/28/18 Kim Eng Guocoland 1.93 1.9 Hold RNAV (45% discount)
09/06/18 Kim Eng Guocoland 1.88 1.9 Hold

Stock calls for 10 October 2018


Date Analyst Company Last Target Call Valuation
10/10/18 CIMB Frasers Centrepoint Trust 2.23 2.49 Add
10/10/18 DBS Vickers IHH Healthcare 1.81 2.11 Buy Ringgit $6.35 target price
10/10/18 OCBC OUE Hospitality 0.695 0.79 Buy
10/10/18 CIMB Suntec Reit 1.84 2.08 Add

Tuesday, October 9, 2018

GSS Energy - Stock calls


Date Analyst Company Last Target Call Valuation
05/04/17 NRA GSS Energy 0.154 0.23 Not Rated
03/06/18 DMG & Partners GSS Energy 0.16 0.25 Buy Sum of parts
05/18/18 DMG & Partners GSS Energy 0.151 0.25 Buy Sum of parts
06/27/18 DMG & Partners GSS Energy 0.139 0.25 Buy Sum of parts
08/16/18 DMG & Partners GSS Energy 0.133 0.22 Buy Sum of parts
09/18/18 DMG & Partners GSS Energy 0.13 0.22 Buy Sum of parts

Golden Energy - Stock calls


Date Analyst Company Last Target Call Valuation
01/12/17 Amfraserss Golden Energy 0.475 0.95 Buy DCF
02/21/17 Amfrasers Golden Energy 0.54 0.95 Buy DCF
03/02/17 Amfrasers Golden Energy 0.545 0.96 Buy DCF
05/17/17 Amfrasers Golden Energy 0.435 0.78 Buy DCF
05/18/17 DMG & Partners Golden Energy 0.415 0.71 Buy DCF, PER14.7x FY17, PER12.4x FY18
08/16/17 DMG & Partners Golden Energy 0.39 0.71 Buy DCF, PER12.4x FY18
08/17/17 Amfrasers Golden Energy 0.395 0.78 Buy DCF
08/28/17 phillip Golden Energy 0.445 0.59 Buy PER10x
11/21/17 phillip Golden Energy 0.42 0.59 Buy PER10x, PB1.36x
12/01/17 Amfrasers Golden Energy 0.4 0.78 Buy
12/01/17 phillip Golden Energy 0.4 0.59 Buy
01/26/18 DMG & Partners Golden Energy 0.475 0.68 Buy DCF & PER13.1x FY18
03/16/18 phillip Golden Energy 0.37 0.48 Buy PER10x
05/18/18 phillip Golden Energy 0.365 0.48 Buy PER10x FY18
06/07/18 phillip Golden Energy 0.375 0.48 Buy
07/06/18 phillip Golden Energy 0.335 0.48 Buy
08/20/18 phillip Golden Energy 0.305 0.42 Buy PER10x
09/07/18 phillip Golden Energy 0.255 0.41 Buy

Golden Agri - Stock calls


Date Analyst Company Last Target Call Valuation
01/10/17 DMG & Partners Golden Agri 0.43 0.5 Buy PER19x FY17
01/11/17 DBS Vickers Golden Agri 0.425 0.39 Not Rated
02/13/17 DBS Vickers Golden Agri 0.425 0.39 Not Rated
02/27/17 CIMB Golden Agri 0.4 0.37 Reduce PER15x
02/27/17 Credit Suisse Golden Agri 0.4 0.38 Underperform
02/27/17 DMG & Partners Golden Agri 0.4 0.45 Buy PER19x FY17
02/27/17 OCBC Golden Agri 0.4 0.38 Hold
02/27/17 UOB Kay Hian Golden Agri 0.4 0.45 Hold PER15x FY17, Buy @ $0.38
03/13/17 DBS Vickers Golden Agri 0.375 0.42 Not Rated
04/06/17 Macquarie Golden Agri 0.375 0.4 Neutral
04/11/17 DMG & Partners Golden Agri 0.37 0.39 Neutral
04/13/17 Credit Suisse Golden Agri 0.365 0.33 Underperform
05/08/17 UOB Kay Hian Golden Agri 0.36 0.45 Hold
05/16/17 CIMB Golden Agri 0.375 0.37 Reduce PER15x FY17
05/16/17 Credit Suisse Golden Agri 0.375 0.33 Underperform
05/16/17 DMG & Partners Golden Agri 0.375 0.39 Neutral PER17x F17
05/16/17 OCBC Golden Agri 0.375 0.38 Hold
06/20/17 OCBC Golden Agri 0.37 0.38 Hold
06/29/17 UOB Kay Hian Golden Agri 0.375 0.34 Hold
08/15/17 Credit Suisse Golden Agri 0.375 0.33 Underperform
08/15/17 OCBC Golden Agri 0.375 0.36 Hold PER16x FY18
08/15/17 UOB Kay Hian Golden Agri 0.375 0.34 Hold PER13x FY18, Buy @ $0.30
08/15/17 CIMB Golden Agri 0.375 0.37 Reduce PER15x FY17
08/28/17 DIR Golden Agri 0.385 0.32 Underperform PER18x FY17/18
09/12/17 OCBC Golden Agri 0.375 0.36 Hold
09/12/17 UOB Kay Hian Golden Agri 0.375 0.34 Hold PER13x FY18
09/13/17 DBS Vickers Golden Agri 0.38 0.39 Not Rated
10/05/17 OCBC Golden Agri 0.38 0.35 Hold
11/15/17 UOB Kay Hian Golden Agri 0.39 0.34 Hold PER13x FY18, Buy @ $0.3
11/15/17 OCBC Golden Agri 0.39 0.37 Hold
11/15/17 Credit Suisse Golden Agri 0.39 0.35 Underperform
11/15/17 CIMB Golden Agri 0.39 0.36 Reduce PER15x FY19
12/20/17 CIMB Golden Agri 0.375 0.36 Reduce
01/16/18 OCBC Golden Agri 0.39 0.37 Hold
02/28/18 CIMB Golden Agri 0.36 0.31 Reduce PER15x FY19
02/28/18 OCBC Golden Agri 0.36 0.37 Hold
02/28/18 Credit Suisse Golden Agri 0.36 0.35 Underperform
03/07/18 UOB Kay Hian Golden Agri 0.345 0.31 Hold
03/08/18 OCBC Golden Agri 0.36 0.37 Hold
04/06/18 CIMB Golden Agri 0.345 0.31 Reduce PER15x
04/13/18 DBS Vickers Golden Agri 0.34 0.39 Not Rated
05/16/18 UOB Kay Hian Golden Agri 0.35 0.26 Sell PER14x FY18
05/16/18 CIMB Golden Agri 0.35 0.31 Reduce Sum of parts (10% discount)
05/16/18 OCBC Golden Agri 0.35 0.34 Hold
06/21/18 UOB Kay Hian Golden Agri 0.33 0.26 Sell
06/27/18 OCBC Golden Agri 0.315 0.34 Hold
07/03/18 UOB Kay Hian Golden Agri 0.305 0.26 Sell
07/11/18 OCBC Golden Agri 0.29 0.3 Hold PER17x FY19
08/15/18 OCBC Golden Agri 0.28 0.26 Hold PER17.5x FY19
08/16/18 UOB Kay Hian Golden Agri 0.28 0.16 Sell
08/16/18 CIMB Golden Agri 0.28 0.25 Reduce Sum of parts (20% discount)
09/26/18 OCBC Golden Agri 0.24 0.24 Hold PER16x FY19
10/08/18 UOB Kay Hian Golden Agri 0.265 0.16 Sell

Stock calls for 9 October 2018


Date Analyst Company Last Target Call Valuation
10/09/18 DMG & Partners Comfortdelgro 2.36 2.35 Neutral
10/09/18 OCBC Mapletree Logistics 1.22 1.37 Buy
10/09/18 UOB Kay Hian Sembcorp Industries 2.96 3.41 Buy

The IMF has cut world economic growth by a small margin.

https://sg.news.yahoo.com/imf-cuts-world-economic-growth-forecasts-import-tariffs-031129747--business.html

Well, this IMF cut is a non-event because it's a small margin cut.  However, the real impact of the US-China tariffs will be felt next year and this is the most significant message out of the IMF announcement.

Everyone has to tighten the belt next year!

The US has hardened its anti-china stance.

https://www.reuters.com/article/us-usa-trade-ross-exclusive/exclusive-u-s-commerces-ross-eyes-anti-china-poison-pill-for-new-trade-deals-idUSKCN1MF2HJ

The US is forcing its trading partners to take side now.  Everyone has to choose between China or US in the new trade agreement.

We've stated previously that the US would continue to force China to submit.

http://sg-stock.blogspot.com/2018/10/jp-morgan-sees-all-out-trade-war.html