UK has cleared Huawei of cyber securities risks!

https://sg.news.yahoo.com/britain-managing-huawei-risks-no-evidence-spying-official-154318410--finance.html

UK has made the US look like a villain now by clearing Huawei of cyber securities risks. Hahaha!

Jumbo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/18	Kim Eng	Jumbo	0.59	0.7	Buy	DCF, PER26x FY18
02/15/18	Kim Eng	Jumbo	0.57	0.7	Buy	DCF, PER26x FY18
02/15/18	DBS Vickers	Jumbo	0.57	0.58	Hold	PER23x FY18
02/19/18	UOB Kay Hian	Jumbo	0.575	0.59	Hold	DCF, Buy @ $0.53
03/12/18	Kim Eng	Jumbo	0.55	0.7	Buy	DCF
05/15/18	DBS Vickers	Jumbo	0.56	0.58	Hold	PER23x FY18/19
05/16/18	UOB Kay Hian	Jumbo	0.54	0.53	Hold	DCF, Buy @ $0.48
06/25/18	CIMB	Jumbo	0.5	0.62	Add	PER23x CY19
06/27/18	UOB Kay Hian	Jumbo	0.52	0.53	Hold	DCF, Buy @ $0.48
08/14/18	UOB Kay Hian	Jumbo	0.53	0.49	Hold	DCF, Buy @ $0.44
08/14/18	DBS Vickers	Jumbo	0.53	0.57	Hold	PER23x FY19
08/15/18	CIMB	Jumbo	0.515	0.62	Add	PER23x CY19
10/05/18	CIMB	Jumbo	0.46	0.58	Add	PER21x FY20
11/22/18	Lim & Tan	Jumbo	0.405	0	Hold
11/22/18	DBS Vickers	Jumbo	0.405	0.44	Hold	PER23x FY19
11/23/18	CIMB	Jumbo	0.405	0.54	Add	PER21x FY20
11/23/18	UOB Kay Hian	Jumbo	0.405	0.42	Hold	PER20x FY19, Buy @ $0.38
12/14/18	CIMB	Jumbo	0.39	0.54	Add
02/15/19	DBS Vickers	Jumbo	0.415	0.44	Hold	PER23x FY19
02/15/19	CIMB	Jumbo	0.415	0.52	Add	PER21x FY20
02/18/19	UOB Kay Hian	Jumbo	0.415	0.41	Hold	Buy @ $0.37

Jubilee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/12/18	CIMB	Jubilee	0.037	0.051	Add	Sum of parts
06/01/18	CIMB	Jubilee	0.039	0.051	Add	Sum of parts
11/20/18	CIMB	Jubilee	0.034	0.051	Add

Jiutian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/04/18	Amfrasers	Jiutian	0.064	0.11	Not Rated	PER10x FY18

Stock calls for 20 February 2019

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/19	Lim & Tan	Capitaland	3.39	0	Buy
02/20/19	Macquarie	DBS	25.1	27	Neutral	PB
02/20/19	UOB Kay Hian	First Resources	1.72	1.85	Hold	Buy @ $1.65
02/20/19	OCBC	Golden Agri	0.255	0.24	Hold
02/20/19	DBS Vickers	Mapletree Industrial	1.99	2.3	Buy
02/20/19	UOB Kay Hian	Raffles Medical	1.12	1.3	Buy
02/20/19	Kim Eng	Sasseur	0.74	0.9	Buy	DDM
02/20/19	DBS Vickers	Sasseur	0.74	0.97	Buy	DCF
02/20/19	UOB Kay Hian	Sheng Siong	1.08	1.15	Hold
02/20/19	OCBC	Wilmar	3.37	3.42	Hold

USA is gearing up for USD depreciation.

https://sg.finance.yahoo.com/news/u-wants-pledge-stable-chinese-yuan-talks-resume-050426264--sector.html

The US wants China to stabilize RMB so that it can depreciate USD.  We had stated the real reason for USD depreciation below.

http://sg-stock.blogspot.com/2019/02/usd-is-likely-to-depreciate-soon-why.html

The latest FED statements also showed a very dovish FED stance that would contribute to USD depreciation.

Look like the US is setting up a star constellation for a weak USD.

Japan continues to slow down.

https://sg.finance.yahoo.com/news/japans-exports-fall-8-4-041347848.html

Japan, being an export-oriented country, has continued to slow down in January 2019 and it is heavily impacted by China.  January export is down 8.4%.

https://sg-stock.blogspot.com/2018/12/the-japan-economic-growth-is-worse-than.html

The banning of Huawei in Japan is not helping the Japanese too.

Jardine Strategic - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/03/18	UOB Kay Hian	Jardine Strategic	36.65	42.67	Not Rated

Jardine Matheson - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/03/18	UOB Kay Hian	Jardine Matheson	63.2	65.72	Not Rated

Jardine C&C - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/03/18	UOB Kay Hian	Jardine C&C	30.77	44.13	Not Rated
01/04/19	DBS Vickers	Jardine C&C	35.28	43.1	Buy

Stock calls for 19 February 2019

Date	Analyst	Company	Last	Target	Call	Valuation
02/19/19	Amfrasers	Accordia Golf Trust	0.565	0.61	Buy
02/19/19	Amfrasers	Comfortdelgro	2.41	2.77	Buy	PER19x FY19
02/19/19	Jefferies	DBS	25.2	28.5	Buy
02/19/19	OCBC	DBS	25.2	29.31	Buy
02/19/19	DMG & Partners	DBS	25.2	28.8	Buy	GGM, PB1.5x FY19
02/19/19	phillip	DBS	25.2	29	Buy	GGM, PB1.5x FY19
02/19/19	Kim Eng	DBS	25.2	29.56	Buy	DDM
02/19/19	CIMB	DBS	25.2	29	Add	GGM
02/19/19	UOB Kay Hian	DBS	25.2	28.4	Buy
02/19/19	Amfrasers	DISA	0.003	0	Cease Coverage
02/19/19	OCBC	Mapletree Industrial	1.99	1.98	Hold
02/19/19	CIMB	Starhub	1.61	2	Hold	DCF
02/19/19	Phillip	Thai Beverage	0.82	0.81	Neutral	Sum of parts
02/19/19	Amfrasers	Thai Beverage	0.82	0.75	Hold

New Zealand is backpedaling on Huawei ban.

https://sg.finance.yahoo.com/news/zealand-leader-says-no-final-032231741.html

After seeing what the UK did, NZ is also backpedaling on Huawei ban.

https://sg-stock.blogspot.com/2019/02/uk-will-continue-to-use-huawei-5g.html

Look like NZ is smarter than the Aussie. Hahaha!

http://sg-stock.blogspot.com/2019/02/australia-is-suffering-backlash-from.html

Australia is suffering a backlash from China.

https://finance.yahoo.com/news/chinese-traders-cut-australian-coal-121834785.html

Australia really deserves this because it wants to earn China's money but also wants to be anti-China.

This is just a normal reaction from China.  We will also react in this way when someone wants to sell us something but also badmouth us at the same time.

Australia's economy will suffer a lot if it cannot export to China since China is the largest trading partner.  The property sector is already suffering tremendously right now.

http://sg-stock.blogspot.com/2017/12/australia-china-political-skirmish.html

Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/22/18	Kim Eng	Japfa	0.625	0.86	Buy	Sum of parts, PER14x FY18
08/01/18	Kim Eng	Japfa	0.745	0.86	Buy	Sum of parts
09/11/18	CIMB	Japfa	0.595	0.8	Add	Sum of parts
10/17/18	UOB Kay Hian	Japfa	0.61	0.9	Buy	Sum of parts, PER12.2x FY18
10/25/18	DBS Vickers	Japfa	0.63	0.86	Buy	Sum of parts (10% discount), PER12.2x FY19
10/31/18	UOB Kay Hian	Japfa	0.69	0.98	Buy	Sum of parts, PER12.2x FY18
11/01/18	CIMB	Japfa	0.665	0.8	Add	Sum of parts
11/02/18	DBS Vickers	Japfa	0.68	0.89	Buy	Sum of parts (15% discount), PER12.6x FY19
11/08/18	UOB Kay Hian	Japfa	0.715	0.98	Buy
12/10/18	UOB Kay Hian	Japfa	0.755	0.98	Buy
12/12/18	Kim Eng	Japfa	0.735	0.99	Buy	Sum of parts
01/29/19	CIMB	Japfa	0.82	0.9	Add	Sum of parts
01/30/19	Kim Eng	Japfa	0.81	0.99	Buy

Japan Foods - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/18	Amfrasers	Japan Foods	0.46	0.54	Buy	DCF
05/07/18	DMG & Partners	Japan Foods	0.505	0.63	Buy	DCF, PER19x FY19
05/22/18	Amfrasers	Japan Foods	0.485	0.64	Buy	DCF
06/22/18	DMG & Partners	Japan Foods	0.5	0.63	Buy
08/08/18	DMG & Partners	Japan Foods	0.49	0.58	Buy	Sum of parts, PER16.6x FY19
08/21/18	Amfrasers	Japan Foods	0.5	0.64	Buy	DCF
11/09/18	DMG & Partners	Japan Foods	0.455	0.48	Neutral
11/13/18	Amfrasers	Japan Foods	0.455	0.56	Hold	DCF
12/10/18	DMG & Partners	Japan Foods	0.455	0.48	Neutral
02/12/19	Amfrasers	Japan Foods	0.415	0.57	Hold	DCF

Jadason - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/18	DMG & Partners	Jadason	0.073	0.08	Neutral	DCF
03/07/18	CIMB	Jadason	0.07	0.08	Add	PER12.34x FY19
05/16/18	CIMB	Jadason	0.05	0.077	Add	PB1x CY18
05/18/18	DMG & Partners	Jadason	0.05	0.05	Neutral	DCF
06/27/18	DMG & Partners	Jadason	0.04	0.05	Neutral
08/17/18	CIMB	Jadason	0.037	0.073	Add	PB1x CY18
11/15/18	CIMB	Jadason	0.03	0.073	Add	PB1x FY18

Stock calls for 18 February 2019

Date	Analyst	Company	Last	Target	Call	Valuation
02/18/19	DMG & Partners	DBS	24.74	29.8	Buy
02/18/19	Lim & Tan	DBS	24.74	0	Buy
02/18/19	DMG & Partners	ISOTeam	0.22	0.23	Neutral	DCF
02/18/19	UOB Kay Hian	Jumbo	0.415	0.41	Hold
02/18/19	OCBC	Netlink	0.805	0.9	Buy
02/18/19	Kim Eng	SIA	9.76	11.2	Buy	PB0.94x
02/18/19	UOB Kay Hian	SIA	9.76	10.2	Hold
02/18/19	OCBC	SIA	9.76	10.71	Buy
02/18/19	Phillip	Singtel	2.99	3.27	Accumulate	Sum of parts
02/18/19	CIMB	Singtel	2.99	3.4	Add	Sum of parts
02/18/19	Phillip	Starhub	1.67	1.58	Neutral	EV/Ebitda
02/18/19	Kim Eng	Starhub	1.67	2.18	Buy	DCF
02/18/19	UOB Kay Hian	Starhub	1.67	1.45	Sell
02/18/19	UOB Kay Hian	Thai Beverage	0.815	0.86	Hold	Sum of parts
02/18/19	DMG & Partners	Thai Beverage	0.815	0.92	Buy	Sum of parts
02/18/19	CIMB	Thai Beverage	0.815	0.9	Add	Sum of parts
02/18/19	OCBC	Thai Beverage	0.815	0.91	Buy

Singapore Nodx fell 10.1% in January 2019

https://www.channelnewsasia.com/news/singapore/singapore-january-exports-down-10-1-biggest-drop-in-2-years-11252056

Year on year changes (YOY):

January 2019: -10.1%

December 2018: -8.5%

November 2018: -2.6%

October 2018: 8.3%

September 2018: 8.3%

August 2018: 5%

July 2018: 11.8% (Corrected)

June 2018: 1.1%

May 2018: 15.5%

April 2018: 11.8%

March 2018: -2.7%

February 2018: -5.9%

January 2018: 13%

December 2017: 3.1%

November 2017: 9.1%

October 2017: 20.9%

September 2017: -1.1%

August 2017: 16.7%

July 2017: 8.5%

June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%

http://sg-stock.blogspot.com/2019/01/singapore-nodx-fell-85-in-december-2018.html

UK will continue to use Huawei 5G equipment.

https://sg.finance.yahoo.com/news/uk-concludes-mitigate-risk-huawei-equipment-5g-ft-031519448--finance.html

The UK has realized that there is no better telecom equipment than Huawei's equipment and will continue to use Huawei.

It has dawned on the UK that the US is not a credible and trustworthy ally because the US will target the UK next after China.

http://sg-stock.blogspot.com/2019/02/trump-has-just-named-next-target-after.html

Well, late awakening is better than never.

Trump has just named the next target after China.

https://www.channelnewsasia.com/news/business/trump-says-trade-with-britain-to-increase-substantially-post-11248866

The UK without EU is just a lonely boy that Trump can bully.  Trump has just announced that the US trade with the UK would increase substantially.  In other words, Trump will force the UK to import more US goods.

Good luck to UK!