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Wednesday, October 3, 2018

Frasers Centrepoint Trust - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Frasers Centrepoint Trust 1.9 2.22 Buy DDM
01/09/17 DBS Vickers Frasers Centrepoint Trust 1.97 2.29 Buy DCF
01/12/17 HSBC Frasers Centrepoint Trust 1.995 2.3 Buy
01/18/17 DIR Frasers Centrepoint Trust 1.99 2.28 Outperform DDM
01/23/17 CIMB Frasers Centrepoint Trust 1.965 2.01 Add DDM
01/23/17 DBS Vickers Frasers Centrepoint Trust 1.965 2.2 Buy DCF
01/23/17 Lim & Tan Frasers Centrepoint Trust 1.965 0 Hold
01/23/17 OCBC Frasers Centrepoint Trust 1.965 2.28 Buy
01/23/17 Phillip Frasers Centrepoint Trust 1.965 2 Neutral DDM
01/31/17 Credit Suisse Frasers Centrepoint Trust 1.995 2.23 Outperform
03/06/17 OCBC Frasers Centrepoint Trust 2.01 2.28 Buy
03/07/17 UOB Kay Hian Frasers Centrepoint Trust 2.01 2.15 Hold
03/10/17 DMG & Partners Frasers Centrepoint Trust 1.965 2.22 Buy
03/27/17 DIR Frasers Centrepoint Trust 2.06 2.28 Outperform DDM
04/07/17 DMG & Partners Frasers Centrepoint Trust 2.06 2.22 Buy DDM
04/11/17 UOB Kay Hian Frasers Centrepoint Trust 2.07 2.15 Hold DDM, Buy @ $1.90
04/18/17 DIR Frasers Centrepoint Trust 2.09 2.28 Outperform
04/25/17 OCBC Frasers Centrepoint Trust 2.12 2.28 Buy
04/26/17 CIMB Frasers Centrepoint Trust 2.11 2.2 Add DDM
04/26/17 DBS Vickers Frasers Centrepoint Trust 2.11 2.2 Buy DCF
04/26/17 DIR Frasers Centrepoint Trust 2.11 2.31 Outperform DDM
04/27/17 Lim & Tan Frasers Centrepoint Trust 2.15 0 Hold
04/27/17 Phillip Frasers Centrepoint Trust 2.15 2.04 Neutral DDM
05/11/17 Amfrasers Frasers Centrepoint Trust 2.01 2.1 Buy DDM
05/25/17 UOB Kay Hian Frasers Centrepoint Trust 2.08 2.26 Buy
05/30/17 DBS Vickers Frasers Centrepoint Trust 2.08 2.2 Buy DCF
06/05/17 OCBC Frasers Centrepoint Trust 2.1 2.28 Buy
06/06/17 DIR Frasers Centrepoint Trust 2.09 2.31 Outperform
06/14/17 Amfrasers Frasers Centrepoint Trust 2.13 2.1 Hold
07/04/17 DMG & Partners Frasers Centrepoint Trust 2.14 2.22 Buy
07/25/17 Lim & Tan Frasers Centrepoint Trust 2.14 0 Buy
07/25/17 Phillip Frasers Centrepoint Trust 2.14 2.14 Neutral DDM, PB1.11x FY17
07/25/17 DIR Frasers Centrepoint Trust 2.14 2.36 Outperform DDM
07/25/17 Amfrasers Frasers Centrepoint Trust 2.14 2.11 Hold DDM
07/25/17 UOB Kay Hian Frasers Centrepoint Trust 2.14 2.26 Buy DDM
07/25/17 Credit Suisse Frasers Centrepoint Trust 2.14 2.24 Outperform
07/25/17 CIMB Frasers Centrepoint Trust 2.14 2.34 Add DDM
07/25/17 OCBC Frasers Centrepoint Trust 2.14 2.28 Buy
07/26/17 DBS Vickers Frasers Centrepoint Trust 2.14 2.26 Buy
08/22/17 OCBC Frasers Centrepoint Trust 2.11 2.28 Buy
09/13/17 Credit Suisse Frasers Centrepoint Trust 2.15 2.27 Outperform
09/21/17 DMG & Partners Frasers Centrepoint Trust 2.13 2.22 Buy
10/23/17 UOB Kay Hian Frasers Centrepoint Trust 2.19 2.26 buy
10/25/17 Lim & Tan Frasers Centrepoint Trust 2.24 0 Buy
10/26/17 OCBC Frasers Centrepoint Trust 2.21 2.4 Buy DDM
10/26/17 Phillip Frasers Centrepoint Trust 2.21 2.14 Neutral DDM
10/26/17 DMG & Partners Frasers Centrepoint Trust 2.21 2.24 Neutral DDM
10/26/17 UOB Kay Hian Frasers Centrepoint Trust 2.21 2.43 Buy DDM
10/26/17 CIMB Frasers Centrepoint Trust 2.21 2.38 Add DDM
10/26/17 DBS Vickers Frasers Centrepoint Trust 2.21 2.37 Buy
10/26/17 Credit Suisse Frasers Centrepoint Trust 2.21 2.26 Buy
11/30/17 OCBC Frasers Centrepoint Trust 2.21 2.4 Buy
12/01/17 UOB Kay Hian Frasers Centrepoint Trust 2.22 2.43 Buy
12/14/17 CIMB Frasers Centrepoint Trust 2.21 2.38 Add DDM
12/14/17 OCBC Frasers Centrepoint Trust 2.21 2.4 Buy
12/18/17 DBS Vickers Frasers Centrepoint Trust 2.2 2.37 Buy
12/19/17 DMG & Partners Frasers Centrepoint Trust 2.2 2.24 Neutral
01/02/18 Kim Eng Frasers Centrepoint Trust 2.24 2.45 Buy DDM
01/05/18 DMG & Partners Frasers Centrepoint Trust 2.29 2.24 Neutral
01/15/18 OCBC Frasers Centrepoint Trust 2.26 2.4 Buy
01/24/18 Phillip Frasers Centrepoint Trust 2.3 2.14 Neutral DDM, PB1.06x
01/24/18 UOB Kay Hian Frasers Centrepoint Trust 2.3 2.43 Buy DDM
01/24/18 Credit Suisse Frasers Centrepoint Trust 2.3 2.26 Neutral
01/24/18 OCBC Frasers Centrepoint Trust 2.3 2.49 Buy
01/24/18 CIMB Frasers Centrepoint Trust 2.3 2.41 Add DDM
01/24/18 Lim & Tan Frasers Centrepoint Trust 2.3 0 Buy
01/24/18 DBS Vickers Frasers Centrepoint Trust 2.3 2.48 Buy
02/20/18 DBS Vickers Frasers Centrepoint Trust 2.15 2.48 Buy
03/06/18 OCBC Frasers Centrepoint Trust 2.18 2.49 Buy
04/12/18 Kim Eng Frasers Centrepoint Trust 2.25 2.55 Buy
04/13/18 DBS Vickers Frasers Centrepoint Trust 2.24 2.48 Buy
04/25/18 OCBC Frasers Centrepoint Trust 2.22 2.49 Buy
04/26/18 Phillip Frasers Centrepoint Trust 2.21 2.14 Neutral DDM, PB1.06x
04/26/18 UOB Kay Hian Frasers Centrepoint Trust 2.21 2.43 Buy DDM
04/26/18 DBS Vickers Frasers Centrepoint Trust 2.21 2.45 Buy
04/26/18 CIMB Frasers Centrepoint Trust 2.21 2.41 Add DDM
05/08/18 DBS Vickers Frasers Centrepoint Trust 2.21 2.45 Buy
05/17/18 DMG & Partners Frasers Centrepoint Trust 2.16 2.24 Neutral
05/23/18 OCBC Frasers Centrepoint Trust 2.2 2.49 Buy
06/26/18 DBS Vickers Frasers Centrepoint Trust 2.17 2.45 Buy
07/06/18 DBS Vickers Frasers Centrepoint Trust 2.2 2.45 Buy
07/25/18 Kim Eng Frasers Centrepoint Trust 2.27 2.55 Buy DDM
07/25/18 UOB Kay Hian Frasers Centrepoint Trust 2.27 2.32 Buy DDM
07/25/18 OCBC Frasers Centrepoint Trust 2.27 2.49 Buy
07/25/18 CIMB Frasers Centrepoint Trust 2.27 2.41 Add DDM
07/25/18 Lim & Tan Frasers Centrepoint Trust 2.27 0 Hold
07/27/18 Phillip Frasers Centrepoint Trust 2.24 2.15 Neutral DDM, PB1.11x FY18
08/24/18 DBS Vickers Frasers Centrepoint Trust 2.28 2.45 Buy
09/04/18 OCBC Frasers Centrepoint Trust 2.27 2.49 Buy
09/05/18 CIMB Frasers Centrepoint Trust 2.29 2.49 Add DDM

Food Empire - Stock calls


Date Analyst Company Last Target Call Valuation
01/23/17 UOB Kay Hian Food Empire 0.565 0.78 Buy PER19x FY17
03/02/17 UOB Kay Hian Food Empire 0.57 0.78 Buy PER19x FY17
04/03/17 UOB Kay Hian Food Empire 0.58 0.78 Buy
04/11/17 DMG & Partners Food Empire 0.575 0.76 Buy PER18x FY17
05/03/17 UOB Kay Hian Food Empire 0.54 0.78 Buy
05/12/17 DMG & Partners Food Empire 0.58 0.85 Buy
05/16/17 DMG & Partners Food Empire 0.655 0.95 Buy PER18x FY17
05/16/17 UOB Kay Hian Food Empire 0.655 0.9 Buy PER19x FY17
08/14/17 UOB Kay Hian Food Empire 0.67 0.87 Buy PER19x FY17
08/14/17 DMG & Partners Food Empire 0.67 0.95 Buy PER18x FY17
11/10/17 DMG & Partners Food Empire 0.66 1 Buy PER18x FY18
12/19/17 DMG & Partners Food Empire 0.655 1 Buy
01/04/18 DMG & Partners Food Empire 0.705 1 Buy PER12x FY18
02/20/18 DMG & Partners Food Empire 0.67 1 Buy
03/02/18 DMG & Partners Food Empire 0.7 1.07 Buy PER18x FY18
05/14/18 DMG & Partners Food Empire 0.67 1.07 Buy PER18x FY18
06/22/18 DMG & Partners Food Empire 0.65 1.07 Buy
08/15/18 DMG & Partners Food Empire 0.56 0.6 Neutral PER14x FY18

Stock calls for 3 October 2018


Date Analyst Company Last Target Call Valuation
10/03/18 UOB Kay Hian CDL Hospitality 1.61 1.86 Buy
10/03/18 UOB Kay Hian CSE Global 0.49 0.59 Buy
10/03/18 DMG & Partners Dairy Farm 9.42 9.6 Buy
10/03/18 DBS Vickers Hi-P 1 1.3 Buy PER12x FY19
10/03/18 Macquarie Keppel Corp 7.04 8.4 Outperform Sum of parts
10/03/18 UOB Kay Hian OCBC 11.31 13.68 Buy
10/03/18 UOB Kay Hian Singtel 3.23 3.94 Buy
10/03/18 Tayrona Financial TA Corp 0.24 0.35 Overweight
10/03/18 UOB Kay Hian Valuetronics 0.7 0.96 Buy
10/03/18 OCBC Wheelock Properties 2.1 2.1 Accept Offer
10/03/18 OCBC Yangzijiang 1.26 1.32 Hold

IMF will cut global economic growth forecast next week.

https://www.publicfinanceinternational.org/news/2018/10/lagarde-hints-imf-set-cut-global-growth-forecast

This is an important event because the magnitude of the cut will send chills to the backbone of the economic growth engine.

If the forecast is revised down slightly, then it's a non-event but if the cut is more than expected, it will signal that the recession is coming.

A roundup of world economic growth.

https://finance.yahoo.com/news/calls-100-oil-back-apos-130219558.html

The oil prices will continue to race ahead because of sanctions against Iran and Venezuela.

The Europe and Asia including China are slowing down.

The US interest rates will continue to go up.

http://sg-stock.blogspot.com/2018/09/a-roundup-of-us-economic-situation.html

The US-China trade war will intensify no matter what because of Trump's "America First" policy.  Therefore, there will be more tariffs coming in the future to push up inflation around the globe.



Tuesday, October 2, 2018

First Sponsor - Stock calls


Date Analyst Company Last Target Call Valuation
08/31/17 Amfrasers First Sponsor 1.37 1.62 Not Rated RNAV (25% discount)
02/09/18 Lim & Tan First Sponsor 1.41 0 Buy
07/24/18 DBS Vickers First Sponsor 1.25 1.62 Buy

First Ship Lease Trust - Stock calls


Date Analyst Company Last Target Call Valuation
08/14/17 Amfrasers First Ship Lease Trust 0.08 0.13 Buy DCF
12/13/17 Amfrasers First Ship Lease Trust 0.082 0.15 Buy DCF
01/17/18 Amfrasers First Ship Lease Trust 0.093 0.15 Buy

First Resources - Stock calls

Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners First Resources 1.9 1.8 Neutral
01/11/17 CIMB First Resources 1.915 2.32 Add
01/11/17 DBS Vickers First Resources 1.915 1.9 Hold
01/11/17 Kim Eng First Resources 1.915 1.97 Hold
01/31/17 UOB Kay Hian First Resources 1.955 1.98 Buy
02/01/17 Kim Eng First Resources 1.93 1.97 Hold
02/03/17 UOB Kay Hian First Resources 1.935 2.15 Buy PER17x FY17
02/06/17 DMG & Partners First Resources 1.965 2 Hold PER19x FY17
02/13/17 DBS Vickers First Resources 1.97 1.9 Hold
02/17/17 DBS Vickers First Resources 1.96 2.19 Buy
02/28/17 CIMB First Resources 1.87 2.32 Add PER13x FY18
03/01/17 DBS Vickers First Resources 1.885 2.15 Buy DCF
03/01/17 Kim Eng First Resources 1.885 1.97 Hold PER17x FY17
03/01/17 UOB Kay Hian First Resources 1.885 2.15 Buy PER17x FY17
03/09/17 DMG & Partners First Resources 1.94 1.9 Neutral
04/11/17 DMG & Partners First Resources 1.915 1.8 Neutral
05/02/17 UOB Kay Hian First Resources 1.875 2.15 Buy PER17x FY17
05/12/17 CIMB First Resources 1.96 2.32 Add PER13x FY18
05/12/17 Kim Eng First Resources 1.96 1.97 Hold PER17x FY17
05/15/17 DMG & Partners First Resources 1.955 2.05 Neutral PER17x FY17
05/16/17 DBS Vickers First Resources 2 2.15 Buy DCF
06/29/17 UOB Kay Hian First Resources 1.915 1.95 Hold
07/11/17 DBS Vickers First Resources 1.89 2.15 Buy
07/20/17 UOB Kay Hian First Resources 1.885 1.95 Hold PER16x FY18, Buy @ $1.75
08/14/17 Kim Eng First Resources 1.84 1.97 Hold PER17x FY17
08/14/17 DMG & Partners First Resources 1.84 2.05 Neutral PER17x FY17
08/15/17 CIMB First Resources 1.84 2.32 Add PER13x FY18
08/15/17 DBS Vickers First Resources 1.84 2.13 Buy DCF
08/21/17 UOB Kay Hian First Resources 1.8 1.95 Hold
08/28/17 DIR First Resources 1.905 2.11 Outperform PER13x FY17/18
09/11/17 Kim Eng First Resources 1.88 1.97 Hold
09/13/17 DBS Vickers First Resources 1.885 2.13 Buy
10/09/17 UOB Kay Hian First Resources 1.925 1.95 Hold PER16x FY18, Buy @ $1.75
10/11/17 Kim Eng First Resources 1.93 2.04 Hold PER17x FY17
10/11/17 CIMB First Resources 1.93 2.32 Add
11/02/17 Credit Suisse First Resources 1.98 2.3 Neutral PER16x FY18
11/03/17 CIMB First Resources 1.96 2.32 Add
11/13/17 Kim Eng First Resources 1.94 2.04 Hold PER17x FY17
11/13/17 DBS Vickers First Resources 1.94 2.13 Buy
11/14/17 Kim Eng First Resources 1.95 2.04 Hold PER17x FY17
11/14/17 DMG & Partners First Resources 1.95 2.13 Neutral PER13x FY18
11/14/17 CIMB First Resources 1.95 2.13 Add PER13x FY19
11/15/17 DBS Vickers First Resources 1.93 2.18 Buy DCF, PER14.5x FY18
11/15/17 UOB Kay Hian First Resources 1.93 1.95 Hold PER16x FY18, Buy @ $1.75
11/15/17 Credit Suisse First Resources 1.93 2.3 Neutral
12/04/17 CIMB First Resources 1.88 2.13 Add
12/13/17 Kim Eng First Resources 1.88 2.04 Hold
12/13/17 DMG & Partners First Resources 1.88 2.03 Neutral PER12x FY18
01/04/18 CIMB First Resources 1.88 2.13 Add
01/15/18 DBS Vickers First Resources 1.87 2.18 Buy
02/08/18 UOB Kay Hian First Resources 1.84 1.95 Hold PER16x FY18x, Buy @ $1.75
02/13/18 Kim Eng First Resources 1.75 2.04 Hold
02/27/18 Kim Eng First Resources 1.76 2.2 Buy PER17x FY18
02/27/18 DMG & Partners First Resources 1.76 1.75 Neutral PER12x FY18
02/28/18 DBS Vickers First Resources 1.79 2.18 Buy DCF, PER15.8x FY18
02/28/18 CIMB First Resources 1.79 2.03 Add PER15x CY19
02/28/18 Credit Suisse First Resources 1.79 2.3 Neutral
03/05/18 Kim Eng First Resources 1.76 2.2 Buy
03/07/18 UOB Kay Hian First Resources 1.76 1.95 Hold PER16x FY18
03/14/18 DBS Vickers First Resources 1.75 2.18 Buy
04/03/18 DBS Vickers First Resources 1.68 2.18 Buy
05/07/18 UOB Kay Hian First Resources 1.69 1.6 Hold PER13x FY18, Buy @ $1.40
05/15/18 CIMB First Resources 1.61 2.03 Add PER15x CY19
05/15/18 DMG & Partners First Resources 1.61 1.75 Neutral PER12x FY18
05/16/18 DMG & Partners First Resources 1.56 1.6 Neutral PER12x FY18
05/16/18 DBS Vickers First Resources 1.56 2.18 Buy
06/21/18 UOB Kay Hian First Resources 1.55 1.6 Hold
07/03/18 DBS Vickers First Resources 1.55 2 Buy DCF
07/11/18 Kim Eng First Resources 1.55 2 Buy
08/02/18 UOB Kay Hian First Resources 1.62 1.6 Hold PER13x FY18, Buy @ $1.40
08/14/18 Kim Eng First Resources 1.56 2 Buy
08/14/18 DMG & Partners First Resources 1.56 1.6 Neutral PER11x FY19
08/14/18 CIMB First Resources 1.56 2.03 Add PER15x CY19
08/16/18 DBS Vickers First Resources 1.59 2 Buy DCF
09/13/18 Kim Eng First Resources 1.67 2 Buy
09/13/18 DBS Vickers First Resources 1.67 2 Buy

Stock calls for 2 October 2018


Date Analyst Company Last Target Call Valuation
10/02/18 Lim & Tan A-Reit 2.63 0 Hold
10/02/18 DBS Vickers CapitaCommercial 1.78 2.12 Buy
10/02/18 DMG & Partners Capitaland 3.36 4 Neutral
10/02/18 CIMB City Developments 9.05 10.89 Add
10/02/18 phillip DBS 25.97 33.32 Buy
10/02/18 CIMB Ho Bee 2.59 3 Add
10/02/18 Amfrasers Keppel Corp 7.04 9.43 Buy Sum of parts
10/02/18 DBS Vickers Netlink 0.785 0.87 Buy
10/02/18 phillip OCBC 11.45 14.9 Buy
10/02/18 DBS Vickers Sembcorp Industries 3.07 3.9 Buy Sum of parts (10% discount), PER19.2x FY18, PB1x FY18
10/02/18 CIMB Sembcorp Industries 3.07 3.49 Add Sum of parts
10/02/18 Amfrasers Sheng Siong 1.13 1.24 Buy DCF, PER25.1x FY18
10/02/18 NRA TA Corp 0.24 0.35 Overweight RNAV (33% discount)
10/02/18 Amfrasers Thai Beverage 0.665 0.75 Buy Sum of parts
10/02/18 phillip UOB 27.05 33.69 Buy
10/02/18 CIMB UOL 6.88 8.45 Add
10/02/18 UOB Kay Hian Venture 18.52 18.2 Hold PER14x FY18, Buy @ $16

AFP news media released very contradictory news about the South China Sea incident.

https://www.channelnewsasia.com/news/asia/us-warship-sails-near-south-china-sea-area-claimed-by-beijing-10774406

Quote:

There was no immediate reaction from China, but a similar US operation in July, involving the disputed Paracel islands, prompted a furious Beijing to deploy military vessels and fighter jets.

End Quote.

Then, AFP released another update on its previous news.

https://www.channelnewsasia.com/news/asia/chinese-destroyer-sailed-extremely-close-to-us-warship-us-10779226

AFP stated that there was no immediate reaction from China but the truth was that China sent its destroyer to the region to chase US warship out of the region.

This showed that AFP didn't verify the news from the China side and took the US gospel truth as the veracity of the incident.

Monday, October 1, 2018

First Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/19/17 CIMB First Reit 1.305 1.26 Hold
01/19/17 OCBC First Reit 1.305 1.32 Hold
01/19/17 phillip First Reit 1.305 1.32 Accumulate DDM
03/16/17 OCBC First Reit 1.285 1.32 Hold
04/18/17 CIMB First Reit 1.345 1.36 Hold DDM
04/18/17 OCBC First Reit 1.345 1.32 Hold Buy @ $1.25 or lower
04/18/17 phillip First Reit 1.345 1.32 Hold DDM
05/25/17 OCBC First Reit 1.31 1.32 Hold
07/18/17 OCBC First Reit 1.335 1.32 Hold
07/18/17 Lim & Tan First Reit 1.335 0 Hold
07/19/17 phillip First Reit 1.34 1.32 Neutral DDM, PB1.22x FY17
07/19/17 CIMB First Reit 1.34 1.36 Hold DDM
08/17/17 OCBC First Reit 1.33 1.38 Hold
10/03/17 OCBC First Reit 1.335 1.38 Hold
10/05/17 Amfrasers First Reit 1.36 1.38 Not Rated DCF
10/20/17 phillip First Reit 1.37 1.32 Neutral DDM
10/24/17 OCBC First Reit 1.38 1.44 Buy
10/25/17 CIMB First Reit 1.38 1.39 Hold DDM
12/11/17 OCBC First Reit 1.39 1.44 Buy
01/18/18 Lim & Tan First Reit 1.4 0 Hold
01/19/18 CIMB First Reit 1.41 1.44 Hold DDM
01/19/18 OCBC First Reit 1.41 1.48 Buy
01/23/18 phillip First Reit 1.42 1.32 Neutral DDM
04/18/18 CIMB First Reit 1.37 1.44 Hold DDM
04/19/18 phillip First Reit 1.37 1.31 Neutral PB1.19x FY18
04/19/18 OCBC First Reit 1.37 1.48 Buy
05/25/18 OCBC First Reit 1.35 1.48 Buy
07/19/18 phillip First Reit 1.32 1.31 Neutral DDM, PB1.21x
07/19/18 OCBC First Reit 1.32 1.34 Hold
07/19/18 CIMB First Reit 1.32 1.41 Hold DDM
09/19/18 phillip First Reit 1.24 1.31 Neutral DDM, PB1.12x FY18

Far East Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Far East Hospitality 0.6 0.62 Hold DCF
02/23/17 CIMB Far East Hospitality 0.595 0.57 Hold DDM
02/23/17 OCBC Far East Hospitality 0.595 0.6 Hold
02/24/17 DBS Vickers Far East Hospitality 0.6 0.63 Hold DCF
05/15/17 DBS Vickers Far East Hospitality 0.6 0.66 Buy DCF
05/15/17 OCBC Far East Hospitality 0.6 0.6 Hold
06/15/17 CIMB Far East Hospitality 0.65 0.63 Hold DDM
06/16/17 DBS Vickers Far East Hospitality 0.65 0.66 Buy
08/04/17 OCBC Far East Hospitality 0.67 0.6 Hold
08/07/17 OCBC Far East Hospitality 0.67 0.66 Hold
08/07/17 CIMB Far East Hospitality 0.67 0.66 Hold DDM
08/08/17 DBS Vickers Far East Hospitality 0.67 0.7 Buy DCF
09/04/17 CIMB Far East Hospitality 0.66 0.66 Hold
11/03/17 OCBC Far East Hospitality 0.715 0.65 Hold
11/03/17 CIMB Far East Hospitality 0.715 0.69 Hold DDM
11/03/17 DBS Vickers Far East Hospitality 0.715 0.76 Buy DCF
12/14/17 CIMB Far East Hospitality 0.71 0.69 Hold DDM
01/04/18 CIMB Far East Hospitality 0.725 0.84 Add
01/15/18 CIMB Far East Hospitality 0.72 0.82 Add DDM
02/19/18 OCBC Far East Hospitality 0.715 0.75 Buy
03/09/18 OCBC Far East Hospitality 0.72 0.75 Buy
04/10/18 CIMB Far East Hospitality 0.68 0.79 Add DDM
04/17/18 DBS Vickers Far East Hospitality 0.68 0.76 Buy DCF
04/27/18 OCBC Far East Hospitality 0.675 0.735 Buy
06/08/18 CIMB Far East Hospitality 0.66 0.79 Add
06/18/18 OCBC Far East Hospitality 0.67 0.735 Buy
07/06/18 DBS Vickers Far East Hospitality 0.625 0.76 Buy
07/10/18 OCBC Far East Hospitality 0.62 0.735 Buy
07/30/18 OCBC Far East Hospitality 0.68 0.675 Hold
08/01/18 CIMB Far East Hospitality 0.69 0.79 Add DDM
08/01/18 OCBC Far East Hospitality 0.69 0.69 Hold
08/01/18 Lim & Tan Far East Hospitality 0.69 0 Hold
08/01/18 DBS Vickers Far East Hospitality 0.69 0.74 Buy DCF
08/13/18 OCBC Far East Hospitality 0.62 0.69 Buy
09/17/18 Kim Eng Far East Hospitality 0.635 0.75 Buy DDM

F&N - Stock calls


Date Analyst Company Last Target Call Valuation
02/09/17 DBS Vickers F & N 2.11 2.37 Hold Sum of parts
02/10/17 phillip F & N 2.12 1.8 Reduce EV/Ebitda15x
03/24/17 DMG & Partners F & N 2.22 2.76 Not Rated Sum of parts
04/17/17 phillip F & N 2.35 1.8 Reduce
05/09/17 DBS Vickers F & N 2.4 2.37 Hold Sum of parts
05/11/17 phillip F & N 2.38 2.31 Neutral Sum of parts
06/29/17 DBS Vickers F & N 2.34 2.57 Hold Sum of parts
08/10/17 DBS Vickers F & N 2.44 2.57 Hold Sum of parts, PER24.4x FY18
08/10/17 phillip F & N 2.44 2.52 Neutral Sum of parts
11/13/17 phillip F & N 2.6 2.83 Accumulate Sum of parts, PER27.1x FY18
12/04/17 phillip F & N 2.58 2.83 Accumulate
02/13/18 phillip F & N 2.39 2.83 Accumulate Sum of parts, PER27.1x FY18
03/19/18 phillip F & N 2.25 2.83 Buy
04/16/18 phillip F & N 2.12 2.83 Buy
05/10/18 phillip F & N 2.08 2.75 Buy Sum of parts

Stock calls for 1 October 2018


Date Analyst Company Last Target Call Valuation
10/01/18 Kim Eng A-Reit 2.64 3.05 Buy DDM
10/01/18 OCBC A-Reit 2.64 2.71 Hold
10/01/18 CIMB Capitamall Trust 2.22 2.21 Hold
10/01/18 OCBC Capitamall Trust 2.22 2.1 Hold
10/01/18 DBS Vickers Mapletree Commercial 1.61 1.8 Buy DCF
10/01/18 DBS Vickers Mapletree North Asia 1.14 1.45 Buy DCF
10/01/18 DBS Vickers Mapletree Industrial 1.98 2.22 Buy DCF
10/01/18 DBS Vickers Mapletree Logistics 1.23 1.5 Buy
10/01/18 UOB Kay Hian ST Engineering 3.56 4.06 Buy EV/Invested capital & PER20.9x FY18
10/01/18 UOB Kay Hian Starhub 1.87 2.1 Buy DCF
10/01/18 DMG & Partners UOB 27.08 33.3 Buy GGM, PB1.45x FY19

JP Morgan sees an all out trade war between the US & China.

https://www.theedgesingapore.com/jpmorgan-sees-all-out-us-china-tariffs-lowers-yuan-call

We also share the same view as JP Morgan.

Why?

If Trump loses the November mid-term election, he will continue to impose more tariffs against China because he knows that he will only be a one-term president and cannot continue to do so beyond 2020.  Therefore, he will have no qualms to harden his anti-China stance.

If Trump wins the November mid-term election, he has proven that his actions are right and will continue to impose more tariffs against China because he has the Congress support.

Either way, he will just continue to force China to submit to the US no matter what.