https://www.businesstimes.com.sg/companies-markets/singapore-regulators-wont-let-noble-re-list-citing-potentially-inflated-assets
This means that the restructuring deal has hit an impasse and there is real fraud in Noble because there are inflated assets in Noble.
Goodbye Noble!
Thursday, December 6, 2018
ST Engineering - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/02/17 | OCBC | ST Engineering | 3.3 | 3.2 | Hold | |
| 01/03/17 | UOB Kay Hian | ST Engineering | 3.23 | 3.42 | Buy | |
| 01/05/17 | Credit Suisse | ST Engineering | 3.3 | 4 | Outperform | |
| 01/13/17 | DBS Vickers | ST Engineering | 3.34 | 3.5 | Buy | |
| 01/19/17 | Lim & Tan | ST Engineering | 3.41 | 0 | Buy | |
| 02/08/17 | UOB Kay Hian | ST Engineering | 3.37 | 3.42 | Buy | |
| 02/10/17 | CIMB | ST Engineering | 3.36 | 3.75 | Add | DCF & PER22x CY18 |
| 02/10/17 | Credit Suisse | ST Engineering | 3.36 | 4 | Outperform | |
| 02/17/17 | CIMB | ST Engineering | 3.4 | 3.82 | Add | DCF & PER22x |
| 02/17/17 | Lim & Tan | ST Engineering | 3.4 | 0 | Buy | |
| 02/17/17 | OCBC | ST Engineering | 3.4 | 3.2 | Hold | |
| 02/17/17 | UOB Kay Hian | ST Engineering | 3.4 | 3.7 | Buy | DDM, PER21x |
| 03/13/17 | Credit Suisse | ST Engineering | 3.66 | 4 | Outperform | |
| 03/21/17 | UOB Kay Hian | ST Engineering | 3.68 | 3.7 | Buy | |
| 03/24/17 | Kim Eng | ST Engineering | 3.64 | 3.17 | Hold | PER18x FY17 |
| 04/04/17 | DBS Vickers | ST Engineering | 3.65 | 3.8 | Buy | |
| 04/05/17 | UOB Kay Hian | ST Engineering | 3.64 | 3.7 | Buy | |
| 04/10/17 | CIMB | ST Engineering | 3.65 | 3.82 | Add | |
| 04/19/17 | Credit Suisse | ST Engineering | 3.75 | 4 | Outperform | |
| 04/19/17 | Lim & Tan | ST Engineering | 3.75 | 0 | Buy | |
| 05/15/17 | CIMB | ST Engineering | 3.75 | 3.82 | Add | PER22x & DCF |
| 05/15/17 | Credit Suisse | ST Engineering | 3.75 | 4 | Outperform | |
| 05/15/17 | DBS Vickers | ST Engineering | 3.75 | 4.12 | Buy | DCF & PER23x |
| 05/15/17 | OCBC | ST Engineering | 3.75 | 3.7 | Hold | DCF |
| 05/15/17 | UOB Kay Hian | ST Engineering | 3.75 | 3.9 | Hold | DCF, PER22.7x FY17, Buy @ $3.60 or lower |
| 05/16/17 | Lim & Tan | ST Engineering | 3.71 | 0 | Buy | |
| 06/06/17 | UOB Kay Hian | ST Engineering | 3.73 | 3.9 | Hold | |
| 06/16/17 | DBS Vickers | ST Engineering | 3.72 | 4.12 | Buy | |
| 07/24/17 | CIMB | ST Engineering | 3.77 | 3.82 | Add | DCF & PER22x |
| 07/27/17 | DBS Vickers | ST Engineering | 3.79 | 4.12 | Buy | PER23x |
| 08/02/17 | DIR | ST Engineering | 3.8 | 4.46 | Buy | DCF |
| 08/14/17 | OCBC | ST Engineering | 3.7 | 3.61 | Hold | DCF |
| 08/14/17 | DIR | ST Engineering | 3.7 | 4.39 | Buy | DCF |
| 08/14/17 | UOB Kay Hian | ST Engineering | 3.7 | 3.8 | Hold | Buy @ $3.50 |
| 08/14/17 | CIMB | ST Engineering | 3.7 | 3.82 | Add | DCF & PER22x CY18 |
| 08/14/17 | DBS Vickers | ST Engineering | 3.7 | 3.8 | Hold | |
| 08/14/17 | Lim & Tan | ST Engineering | 3.7 | 0 | Buy | |
| 08/15/17 | Credit Suisse | ST Engineering | 3.68 | 4 | Outperform | |
| 09/06/17 | DMG & Partners | ST Engineering | 3.59 | 4.07 | Buy | DCF & PER23.3x FY18 & PB5.5x & EV/Ebitda16x |
| 09/28/17 | Lim & Tan | ST Engineering | 3.49 | 0 | Buy | |
| 10/04/17 | DIR | ST Engineering | 3.43 | 4.39 | Buy | DCF |
| 10/12/17 | Crucial Perspective | ST Engineering | 3.35 | 4.3 | Outperform | |
| 10/25/17 | Lim & Tan | ST Engineering | 3.38 | 0 | Buy | |
| 10/27/17 | UOB Kay Hian | ST Engineering | 3.46 | 3.8 | Buy | |
| 11/08/17 | Lim & Tan | ST Engineering | 3.47 | 0 | Buy | |
| 11/09/17 | DMG & Partners | ST Engineering | 3.41 | 4.04 | Buy | PER23x & PB5.5x & EV/Ebitda16x & DCF |
| 11/09/17 | UOB Kay Hian | ST Engineering | 3.41 | 3.8 | Buy | DCF |
| 11/09/17 | Credit Suisse | ST Engineering | 3.41 | 4 | Outperform | |
| 11/09/17 | OCBC | ST Engineering | 3.41 | 3.61 | Hold | |
| 11/09/17 | CIMB | ST Engineering | 3.41 | 3.85 | Add | PER22x CY19 |
| 11/09/17 | DBS Vickers | ST Engineering | 3.41 | 3.7 | Hold | |
| 12/20/17 | CIMB | ST Engineering | 3.17 | 3.85 | Add | |
| 01/05/18 | DBS Vickers | ST Engineering | 3.3 | 3.7 | Hold | |
| 01/18/18 | CIMB | ST Engineering | 3.31 | 3.85 | Add | DCF & PER22x CY19 |
| 01/22/18 | Lim & Tan | ST Engineering | 3.32 | 0 | Buy | |
| 02/07/18 | OCBC | ST Engineering | 3.23 | 4 | Buy | |
| 02/07/18 | CIMB | ST Engineering | 3.23 | 3.85 | Add | |
| 02/20/18 | DMG & Partners | ST Engineering | 3.35 | 4.2 | Buy | |
| 02/26/18 | CIMB | ST Engineering | 3.39 | 3.8 | Add | DCF, PER & Div yield |
| 02/26/18 | UOB Kay Hian | ST Engineering | 3.39 | 3.6 | Hold | DCF, Buy @ $3.20 |
| 02/26/18 | DBS Vickers | ST Engineering | 3.39 | 3.9 | Buy | |
| 02/26/18 | Lim & Tan | ST Engineering | 3.39 | 0 | Buy | |
| 02/27/18 | DMG & Partners | ST Engineering | 3.44 | 4.04 | Buy | PER23x & PB5.5x & EV/Ebitda16x & DCF |
| 03/02/18 | Lim & Tan | ST Engineering | 3.38 | 0 | Buy | |
| 03/05/18 | CIMB | ST Engineering | 3.36 | 3.8 | Add | DCF & PER & Div Yield |
| 03/09/18 | UOB Kay Hian | ST Engineering | 3.38 | 3.6 | Hold | |
| 03/12/18 | Kim Eng | ST Engineering | 3.38 | 4.15 | Buy | DCF |
| 03/13/18 | Amfrasers | ST Engineering | 3.43 | 3.88 | Buy | |
| 03/13/18 | Credit Suisse | ST Engineering | 3.43 | 4 | Outperform | DCF |
| 03/23/18 | UOB Kay Hian | ST Engineering | 3.47 | 4.1 | Buy | EV/Invested capital basis, PER23x FY19 |
| 03/23/18 | DBS Vickers | ST Engineering | 3.47 | 4.1 | Buy | DCF & PER22x |
| 04/12/18 | Lim & Tan | ST Engineering | 3.65 | 0 | Buy | |
| 04/16/18 | DMG & Partners | ST Engineering | 3.67 | 4.04 | Buy | |
| 04/23/18 | Macquarie | ST Engineering | 3.65 | 3.9 | Outperform | |
| 05/11/18 | Lim & Tan | ST Engineering | 3.46 | 0 | Buy | |
| 05/14/18 | CIMB | ST Engineering | 3.39 | 3.8 | Add | DCF & PER20x CY19 |
| 05/14/18 | DBS Vickers | ST Engineering | 3.39 | 4.1 | Buy | |
| 05/14/18 | DMG & Partners | ST Engineering | 3.39 | 4.04 | Buy | PER23x & PB5.5x & EV/Ebitda16x & DCF |
| 05/23/18 | UOB Kay Hian | ST Engineering | 3.47 | 4.1 | Buy | |
| 06/04/18 | UOB Kay Hian | ST Engineering | 3.45 | 4.1 | Buy | |
| 06/28/18 | DBS Vickers | ST Engineering | 3.29 | 4.1 | Buy | |
| 07/03/18 | UOB Kay Hian | ST Engineering | 3.27 | 4.1 | Buy | |
| 07/05/18 | OCBC | ST Engineering | 3.25 | 3.9 | Buy | |
| 08/03/18 | UOB Kay Hian | ST Engineering | 3.36 | 4.1 | Buy | EV/Invested capital basis, PER22x FY18 |
| 08/10/18 | Kim Eng | ST Engineering | 3.45 | 4.15 | Buy | DCF |
| 08/10/18 | CIMB | ST Engineering | 3.45 | 3.8 | Add | Sum of parts |
| 08/10/18 | OCBC | ST Engineering | 3.45 | 3.9 | Buy | FCFE |
| 08/10/18 | DBS Vickers | ST Engineering | 3.45 | 4.1 | Buy | |
| 08/10/18 | DMG & Partners | ST Engineering | 3.45 | 3.97 | Buy | |
| 09/03/18 | CIMB | ST Engineering | 3.34 | 3.8 | Add | PER20x CY19 & DCF & 4% Div Yield |
| 09/06/18 | DMG & Partners | ST Engineering | 3.26 | 3.97 | Buy | |
| 09/10/18 | UOB Kay Hian | ST Engineering | 3.32 | 3.8 | Buy | EV/Invested capital basis |
| 09/14/18 | DBS Vickers | ST Engineering | 3.29 | 4.3 | Buy | |
| 09/14/18 | OCBC | ST Engineering | 3.29 | 3.95 | Buy | |
| 09/17/18 | Kim Eng | ST Engineering | 3.53 | 4.35 | Buy | DCF |
| 10/01/18 | UOB Kay Hian | ST Engineering | 3.56 | 4.06 | Buy | EV/Invested capital & PER20.9x FY18 |
| 10/08/18 | CIMB | ST Engineering | 3.53 | 3.8 | Add | |
| 11/02/18 | UOB Kay Hian | ST Engineering | 3.54 | 4.06 | Buy | EV/Invested capital & PER20.9x FY19 |
| 11/05/18 | DBS Vickers | ST Engineering | 3.52 | 4.3 | Buy | |
| 11/13/18 | DMG & Partners | ST Engineering | 3.5 | 3.97 | Buy | |
| 11/15/18 | DBS Vickers | ST Engineering | 3.5 | 4.15 | Buy | Sum of parts |
| 11/15/18 | Kim Eng | ST Engineering | 3.5 | 4.35 | Buy | DCF |
| 11/15/18 | CIMB | ST Engineering | 3.5 | 3.94 | Add | Sum of parts |
| 11/29/18 | OCBC | ST Engineering | 3.5 | 3.95 | Buy |
Spindex - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 07/28/17 | Lim & Tan | Spindex | 0.985 | 0 | Buy | |
| 08/22/17 | Lim & Tan | Spindex | 1.165 | 0 | Buy | |
| 09/22/17 | SI Research | Spindex | 1.11 | 1.46 | Buy | PER12x |
SPH Reit - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/09/17 | DBS Vickers | SPH Reit | 0.965 | 1 | Hold | DCF |
| 01/12/17 | CIMB | SPH Reit | 0.97 | 0.95 | Hold | DDM |
| 01/12/17 | Lim & Tan | SPH Reit | 0.97 | 0 | Hold | |
| 01/12/17 | OCBC | SPH Reit | 0.97 | 1.04 | Buy | |
| 01/13/17 | Credit Suisse | SPH Reit | 0.975 | 1.04 | Neutral | |
| 02/09/17 | Credit Suisse | SPH Reit | 0.975 | 1.04 | Neutral | |
| 03/16/17 | DBS Vickers | SPH Reit | 0.965 | 1.03 | Buy | |
| 04/04/17 | DBS Vickers | SPH Reit | 0.98 | 1.03 | Buy | |
| 04/11/17 | CIMB | SPH Reit | 0.975 | 1.01 | Hold | DDM |
| 04/11/17 | Credit Suisse | SPH Reit | 0.975 | 1.04 | Neutral | |
| 04/11/17 | DBS Vickers | SPH Reit | 0.975 | 1.04 | Buy | DCF |
| 04/11/17 | Lim & Tan | SPH Reit | 0.975 | 0 | Buy on weakness | |
| 04/11/17 | OCBC | SPH Reit | 0.975 | 1.08 | Buy | DDM |
| 06/14/17 | DBS Vickers | SPH Reit | 0.995 | 1.04 | Buy | |
| 07/13/17 | OCBC | SPH Reit | 0.995 | 1.08 | Buy | |
| 07/13/17 | Credit Suisse | SPH Reit | 0.995 | 1.01 | Neutral | |
| 07/13/17 | CIMB | SPH Reit | 0.995 | 1.04 | Hold | DDM |
| 07/13/17 | Lim & Tan | SPH Reit | 0.995 | 0 | Hold | |
| 07/14/17 | DBS Vickers | SPH Reit | 0.995 | 1.04 | Buy | DCF |
| 10/10/17 | OCBC | SPH Reit | 1.005 | 1.08 | Buy | DDM |
| 10/10/17 | CIMB | SPH Reit | 1.005 | 1.06 | Hold | DDM |
| 10/10/17 | DBS Vickers | SPH Reit | 1.005 | 1.07 | Buy | DCF |
| 12/01/17 | Lim & Tan | SPH Reit | 1.05 | 0 | Hold | |
| 12/13/17 | DBS Vickers | SPH Reit | 1.04 | 1.07 | Hold | DCF |
| 01/02/18 | Kim Eng | SPH Reit | 1.05 | 1 | Hold | DDM |
| 01/08/18 | CIMB | SPH Reit | 1.07 | 1.06 | Hold | DDM |
| 01/08/18 | Lim & Tan | SPH Reit | 1.07 | 0 | Hold | |
| 01/08/18 | OCBC | SPH Reit | 1.07 | 1.08 | Hold | |
| 01/09/18 | DBS Vickers | SPH Reit | 1.07 | 1.07 | Hold | 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 | DDM |
| 05/02/18 | DBS Vickers | SPH Reit | 0.99 | 1.07 | Buy | |
| 05/02/18 | CIMB | SPH Reit | 0.99 | 1.07 | Hold | DDM |
| 05/02/18 | OCBC | SPH Reit | 0.99 | 1.02 | Hold | |
| 06/29/18 | DBS Vickers | SPH Reit | 0.99 | 1.07 | Buy | DCF |
| 07/06/18 | DBS Vickers | SPH Reit | 0.99 | 1.07 | Buy | |
| 07/11/18 | CIMB | SPH Reit | 1 | 1.07 | Hold | DDM |
| 07/11/18 | OCBC | SPH Reit | 1 | 1.02 | Hold | |
| 07/11/18 | Lim & Tan | SPH Reit | 1 | 0 | Hold | |
| 07/13/18 | Kim Eng | SPH Reit | 1 | 1 | Hold | DDM |
| 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 | |
| 11/16/18 | CIMB | SPH Reit | 1 | 1.01 | Hold | DDM |
Stock calls for 6 December 2018
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 12/06/18 | DBS Vickers | Keppel DC Reit | 1.34 | 1.52 | Buy | DCF |
| 12/06/18 | DMG & Partners | OUE Hospitality | 0.68 | 0.77 | Buy | |
| 12/06/18 | Kim Eng | SIA Engineering | 2.49 | 3 | Buy | DCF |
| 12/06/18 | DMG & Partners | Singtel | 3.08 | 3.22 | Neutral | |
| 12/06/18 | UOB Kay Hian | Venture | 15.33 | 12.9 | Sell |
US futures are falling because of Huawei.
https://www.channelnewsasia.com/news/world/huawei-cfo-arrested-canada-extradite-us-iran-sanctions-11001504
Huawei CFO, also the daughter of the founder, was arrested by the USA in Canada.
This intensifies the trade war between US and China now.
No wonder the US futures are falling.
China should also arrest the CFO of Microsoft or Apple on cybersecurity reason.
Huawei CFO, also the daughter of the founder, was arrested by the USA in Canada.
This intensifies the trade war between US and China now.
No wonder the US futures are falling.
China should also arrest the CFO of Microsoft or Apple on cybersecurity reason.
Mahathir is skinning Singapore again.
https://www.channelnewsasia.com/news/singapore/survey-malaysia-singapore-border-mahathir-johor-port-limits-10999380
Mahathir is trying to stop our Seletar airport development now!
He is also trying to bully Singapore by encroaching into our territory.
Just look at what he had done so far in our previous post.
https://sg-stock.blogspot.com/2018/07/diplomatic-relationships-between.html
Mahathir is trying to stop our Seletar airport development now!
He is also trying to bully Singapore by encroaching into our territory.
Just look at what he had done so far in our previous post.
https://sg-stock.blogspot.com/2018/07/diplomatic-relationships-between.html
Wednesday, December 5, 2018
SPH - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/16/17 | CIMB | SPH | 3.69 | 3.31 | Reduce | Sum of parts |
| 01/16/17 | Lim & Tan | SPH | 3.69 | 0 | Avoid | |
| 01/16/17 | OCBC | SPH | 3.69 | 3.41 | Sell | |
| 01/16/17 | UOB Kay Hian | SPH | 3.69 | 3.29 | Sell | Sum of parts |
| 01/17/17 | DBS Vickers | SPH | 3.56 | 3.32 | Fully Valued | Sum of parts |
| 03/20/17 | CIMB | SPH | 3.53 | 3.36 | Hold | Sum of parts |
| 03/20/17 | DBS Vickers | SPH | 3.53 | 3.39 | Hold | Sum of parts |
| 03/20/17 | UOB Kay Hian | SPH | 3.53 | 3.29 | Sell | |
| 04/13/17 | CIMB | SPH | 3.52 | 3.36 | Hold | Sum of parts |
| 04/13/17 | Lim & Tan | SPH | 3.52 | 0 | Hold | |
| 04/13/17 | OCBC | SPH | 3.52 | 3.41 | Sell | |
| 04/13/17 | UOB Kay Hian | SPH | 3.52 | 3.29 | Sell | Sum of parts |
| 04/18/17 | DBS Vickers | SPH | 3.41 | 3.39 | Hold | Sum of parts |
| 04/26/17 | CIMB | SPH | 3.45 | 3.36 | Hold | Sum of parts |
| 04/26/17 | OCBC | SPH | 3.45 | 3.41 | Hold | |
| 05/17/17 | UOB Kay Hian | SPH | 3.37 | 3.29 | Sell | |
| 06/05/17 | Lim & Tan | SPH | 3.24 | 0 | Hold | |
| 06/09/17 | UOB Kay Hian | SPH | 3.24 | 2.9 | Sell | Sum of parts |
| 06/14/17 | DBS Vickers | SPH | 3.17 | 3.39 | Hold | |
| 06/14/17 | UOB Kay Hian | SPH | 3.17 | 3.39 | Hold | |
| 06/15/17 | CIMB | SPH | 3.16 | 3.36 | Hold | Sum of parts |
| 06/15/17 | Lim & Tan | SPH | 3.16 | 0 | Hold | |
| 06/22/17 | OCBC | SPH | 3.22 | 3.34 | Hold | |
| 07/17/17 | UOB Kay Hian | SPH | 3.11 | 2.9 | Hold | Sum of parts, Buy @ $2.75 |
| 07/17/17 | OCBC | SPH | 3.11 | 3.25 | Hold | |
| 07/17/17 | CIMB | SPH | 3.11 | 3.22 | Hold | Sum of parts |
| 07/17/17 | DBS Vickers | SPH | 3.11 | 2.79 | Fully Valued | Sum of parts |
| 07/18/17 | Lim & Tan | SPH | 3.03 | 0 | Hold | |
| 08/23/17 | UOB Kay Hian | SPH | 2.78 | 2.85 | Hold | Sum of parts, Buy @ $2.60 |
| 09/11/17 | CIMB | SPH | 2.74 | 2.38 | Reduce | Sum of parts (15% discount) |
| 09/21/17 | OCBC | SPH | 2.63 | 3.25 | Buy | |
| 10/12/17 | CIMB | SPH | 2.69 | 2.38 | Reduce | Sum of parts (15% discount) |
| 10/12/17 | UOB Kay Hian | SPH | 2.69 | 2.38 | Sell | Sum of parts (10% discount) |
| 10/12/17 | Lim & Tan | SPH | 2.69 | 0 | Hold | |
| 10/13/17 | OCBC | SPH | 2.72 | 2.93 | Hold | |
| 10/13/17 | DBS Vickers | SPH | 2.72 | 2.79 | Hold | Sum of parts |
| 11/09/17 | UOB Kay Hian | SPH | 2.68 | 2.38 | Sell | |
| 12/05/17 | UOB Kay Hian | SPH | 2.79 | 2.42 | Sell | Sum of parts |
| 12/05/17 | Lim & Tan | SPH | 2.79 | 0 | Hold | |
| 12/20/17 | CIMB | SPH | 2.61 | 2.38 | Reduce | |
| 01/15/18 | CIMB | SPH | 2.63 | 2.49 | Hold | Sum of parts, PER18.6x FY19 |
| 01/15/18 | UOB Kay Hian | SPH | 2.63 | 2.42 | Sell | Sum of parts |
| 01/15/18 | Lim & Tan | SPH | 2.63 | 0 | Hold | |
| 01/16/18 | DBS Vickers | SPH | 2.71 | 2.78 | Hold | Sum of parts |
| 01/17/18 | OCBC | SPH | 2.71 | 2.51 | Hold | Sum of parts (10% discount) |
| 03/05/18 | UOB Kay Hian | SPH | 2.55 | 2.42 | Sell | |
| 03/14/18 | UOB Kay Hian | SPH | 2.56 | 2.39 | Sell | Sum of parts |
| 04/11/18 | UOB Kay Hian | SPH | 2.49 | 2.41 | Hold | Sum of parts, Buy @ $2.30 |
| 04/11/18 | Lim & Tan | SPH | 2.49 | 0 | Hold | |
| 04/12/18 | OCBC | SPH | 2.49 | 2.52 | Hold | |
| 04/12/18 | DBS Vickers | SPH | 2.49 | 2.6 | Hold | Sum of parts |
| 06/13/18 | UOB Kay Hian | SPH | 2.69 | 2.46 | Hold | Buy @ $2.40 |
| 07/03/18 | UOB Kay Hian | SPH | 2.59 | 2.46 | Hold | |
| 07/05/18 | CIMB | SPH | 2.59 | 2.85 | Add | Sum of parts |
| 07/06/18 | DBS Vickers | SPH | 2.67 | 2.6 | Hold | |
| 07/12/18 | DBS Vickers | SPH | 2.75 | 2.58 | Hold | Sum of parts |
| 07/12/18 | UOB Kay Hian | SPH | 2.75 | 2.58 | Hold | Sum of parts, Buy @ $2.40 |
| 07/12/18 | Lim & Tan | SPH | 2.75 | 0 | Hold | |
| 07/13/18 | OCBC | SPH | 2.76 | 2.52 | Hold | |
| 07/13/18 | CIMB | SPH | 2.76 | 2.88 | Add | Sum of parts |
| 09/04/18 | UOB Kay Hian | SPH | 2.81 | 2.58 | Hold | DCF, Buy @ $2.45 |
| 09/10/18 | DBS Vickers | SPH | 2.73 | 2.58 | Hold | |
| 09/11/18 | OCBC | SPH | 2.79 | 2.52 | Hold | |
| 09/11/18 | Lim & Tan | SPH | 2.79 | 0 | Hold | |
| 09/13/18 | CIMB | SPH | 2.74 | 2.88 | Add | Sum of parts |
| 10/16/18 | OCBC | SPH | 2.62 | 2.55 | Hold | |
| 10/16/18 | UOB Kay Hian | SPH | 2.62 | 2.75 | Hold | Buy @ $2.50 |
| 10/16/18 | CIMB | SPH | 2.62 | 2.74 | Hold | Sum of parts |
| 10/16/18 | Lim & Tan | SPH | 2.62 | 0 | Hold |
Spackman - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/03/17 | DMG & Partners | Spackman | 0.19 | 0.32 | Buy | PER18x FY17 |
| 04/06/17 | DMG & Partners | Spackman | 0.161 | 0.27 | Buy | PER18x FY17 |
| 05/16/17 | DMG & Partners | Spackman | 0.149 | 0.27 | Buy | DCF, PER18x FY17 |
| 08/16/17 | DMG & Partners | Spackman | 0.102 | 0.23 | Buy | DCF, PER18x FY17 |
| 10/12/17 | DMG & Partners | Spackman | 0.121 | 0.2 | Buy | DCF, PER16x FY17 |
| 11/16/17 | DMG & Partners | Spackman | 0.112 | 0.2 | Buy | DCF, PER15x FY18 |
| 05/16/18 | DMG & Partners | Spackman | 0.073 | 0.1 | Buy | DCF, PER14x FY18 |
Soilbuild Reit - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/09/17 | DBS Vickers | Soilbuild Reit | 0.66 | 0.75 | Buy | DCF |
| 01/25/17 | DBS Vickers | Soilbuild Reit | 0.655 | 0.7 | Buy | DCF |
| 01/25/17 | OCBC | Soilbuild Reit | 0.655 | 0.64 | Hold | |
| 01/26/17 | phillip | Soilbuild Reit | 0.65 | 0.68 | Neutral | DDM |
| 02/20/17 | phillip | Soilbuild Reit | 0.65 | 0.68 | Neutral | |
| 02/20/17 | Jefferies | Soilbuild Reit | 0.65 | 0.7 | Buy | |
| 04/13/17 | OCBC | Soilbuild Reit | 0.685 | 0.64 | Hold | |
| 04/17/17 | DBS Vickers | Soilbuild Reit | 0.685 | 0.73 | Buy | DCF |
| 04/17/17 | phillip | Soilbuild Reit | 0.685 | 0.66 | Neutral | DDM, PB0.93x FY17 |
| 05/08/17 | phillip | Soilbuild Reit | 0.68 | 0.66 | Neutral | |
| 06/14/17 | Amfrasers | Soilbuild Reit | 0.71 | 0.68 | Hold | Consensus target |
| 07/17/17 | OCBC | Soilbuild Reit | 0.74 | 0.67 | Hold | DDM |
| 07/17/17 | phillip | Soilbuild Reit | 0.74 | 0.73 | Neutral | DDM, PB1.05x FY17 |
| 07/18/17 | DBS Vickers | Soilbuild Reit | 0.74 | 0.73 | Hold | DCF |
| 07/21/17 | Lim & Tan | Soilbuild Reit | 0.705 | 0 | Hold | |
| 09/20/17 | OCBC | Soilbuild Reit | 0.7 | 0.66 | Hold | |
| 10/16/17 | phillip | Soilbuild Reit | 0.705 | 0.64 | Reduce | DDM, PB0.9x FY17 |
| 10/17/17 | DBS Vickers | Soilbuild Reit | 0.705 | 0.62 | Hold | DCF |
| 11/09/17 | OCBC | Soilbuild Reit | 0.66 | 0.66 | Hold | |
| 11/09/17 | phillip | Soilbuild Reit | 0.66 | 0.61 | Reduce | DDM, PB0.86x FY17 |
| 01/18/18 | OCBC | Soilbuild Reit | 0.695 | 0.68 | Hold | |
| 01/19/18 | DBS Vickers | Soilbuild Reit | 0.7 | 0.62 | Hold | DCF |
| 01/19/18 | Lim & Tan | Soilbuild Reit | 0.7 | 0 | Hold | |
| 01/19/18 | Jefferies | Soilbuild Reit | 0.7 | 0.7 | Buy | |
| 03/29/18 | OCBC | Soilbuild Reit | 0.645 | 0.7 | Buy | |
| 04/17/18 | OCBC | Soilbuild Reit | 0.66 | 0.7 | Buy | |
| 04/18/18 | DBS Vickers | Soilbuild Reit | 0.66 | 0.62 | Hold | |
| 04/18/18 | OCBC | Soilbuild Reit | 0.66 | 0.71 | Buy | |
| 04/18/18 | Jefferies | Soilbuild Reit | 0.66 | 0.7 | Hold | |
| 05/24/18 | OCBC | Soilbuild Reit | 0.665 | 0.71 | Buy | |
| 07/18/18 | OCBC | Soilbuild Reit | 0.65 | 0.69 | Buy | |
| 07/18/18 | DBS Vickers | Soilbuild Reit | 0.65 | 0.62 | Hold | DCF |
| 09/10/18 | DBS Vickers | Soilbuild Reit | 0.625 | 0.62 | Hold | |
| 09/10/18 | OCBC | Soilbuild Reit | 0.625 | 0.69 | Buy | |
| 10/19/18 | DBS Vickers | Soilbuild Reit | 0.585 | 0.65 | Buy | DCF |
| 10/19/18 | OCBC | Soilbuild Reit | 0.585 | 0.665 | Buy |
Stock calls for 5 December 2018
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 12/05/18 | OCBC | Capitaland | 3.22 | 3.96 | Buy | |
| 12/05/18 | DMG & Partners | Comfortdelgro | 2.12 | 2.35 | Neutral | |
| 12/05/18 | UOB Kay Hian | Raffles Medical | 1.2 | 1.3 | Buy | DCF |
| 12/05/18 | Amfrasers | Thai Beverage | 0.625 | 0.75 | Buy | Sum of parts |
| 12/05/18 | OCBC | UOL | 6.3 | 8.41 | Buy |
Australia is slowing down!
https://sg.finance.yahoo.com/news/australia-apos-economic-growth-slows-005821268.html
It is not surprising that Australia is not immune to external shocks because Asian is slowing down. Furthermore, Australia-China trades are slowing down because of Australia's anti-china policies. These anti-China policies have resulted in the slowdown of the property industry too.
It is not surprising that Australia is not immune to external shocks because Asian is slowing down. Furthermore, Australia-China trades are slowing down because of Australia's anti-china policies. These anti-China policies have resulted in the slowdown of the property industry too.
The US markets fell heavily because of inverted yield curves.
The 3-year yield is more than the 5-year yield. This means the 3-5 year yield curve has inverted.
The 2-year yield is also more than the 5-year yield. This means the 2-5 year yield curve has also inverted.
The short-term yield curves have inverted and these short-term yield curve inversions will lead to the 2-10 year yield curve to invert too.
The 2-10 yield curve is the pre-eminent recession indicator.
https://sg-stock.blogspot.com/2018/12/the-us-3-year-and-5-year-yield-curve.html
Will the US government shut down in December 2018?
https://www.washingtonpost.com/business/economy/congress-agrees-to-put-off-government-shutdown-deadline-to-dec-21/2018/12/03/4c306920-f727-11e8-863c-9e2f864d47e7_story.html?noredirect=on&utm_term=.3bad844465fd
The US government has no money to pay its government employees again and may shut down in late December which is bad for Christmas.
When a government doesn't have money to pay its employees, do you think it has money to repay its national debt?
The US government has no money to pay its government employees again and may shut down in late December which is bad for Christmas.
When a government doesn't have money to pay its employees, do you think it has money to repay its national debt?
Yellow vest protests in France.
https://edition.cnn.com/2018/12/03/europe/paris-yellow-vest-protests-intl/index.html
The French are protesting their own government for fuel hikes!
We cannot underestimate this protest because it has the potential to spread to other European countries especially when the EU economy is not doing well. The PIGS are especially vulnerable in EU. The PIGS are Portugal, Italy, Greece and Spain.
If Macron cannot resolve this crisis, he will be dethroned by its people. Macron can only delay the fuel hikes to defuse the situation but this will not solve the fundamental problem since the OPEC has the intention to cut fuel supply to prop up the oil price.
The French are protesting their own government for fuel hikes!
We cannot underestimate this protest because it has the potential to spread to other European countries especially when the EU economy is not doing well. The PIGS are especially vulnerable in EU. The PIGS are Portugal, Italy, Greece and Spain.
If Macron cannot resolve this crisis, he will be dethroned by its people. Macron can only delay the fuel hikes to defuse the situation but this will not solve the fundamental problem since the OPEC has the intention to cut fuel supply to prop up the oil price.
Tuesday, December 4, 2018
SLB Dev - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 06/01/18 | SAC Advisors | SLB Dev | 0.215 | 0.28 | Buy |
Subscribe to:
Posts (Atom)
.jpg)
