The HK protestors will be rallying a mass protest on 18 August (Sunday) with a proclaimed 3-million turnout.
China has warned that if the protest deteriorates into a massive riot, China will intervene by sending its military police and anti-terrorism force into HK. China basic law allows such intervention without HK approval for anti-terrorism action.
Good luck to HK tomorrow!
Saturday, August 17, 2019
The Hong Kong protestors tried to create a bank run in HK but it would be a futile attempt.
https://www.scmp.com/business/banking-finance/article/3023065/hong-kongs-banks-say-they-have-adequate-cash-meet-demand
These HK protestors should go back to schools and study more about finance. The HKMA has close to US$450b in reserves for any currency and financial war. It is impossible to even ruffle any feather in the banking system at all. Furthermore, HK has China as its backer to weather out any financial crisis.
https://www.hkma.gov.hk/eng/key-information/press-releases/2019/20190807-4.shtml
A bank run is impossible to happen but some inconvenience will be caused to the general public because the banks have to refill the ATM notes more frequently. This will only incur the wrath of the general public and the protestors will suffer more backlashes from the public.
These HK protestors should go back to schools and study more about finance. The HKMA has close to US$450b in reserves for any currency and financial war. It is impossible to even ruffle any feather in the banking system at all. Furthermore, HK has China as its backer to weather out any financial crisis.
https://www.hkma.gov.hk/eng/key-information/press-releases/2019/20190807-4.shtml
A bank run is impossible to happen but some inconvenience will be caused to the general public because the banks have to refill the ATM notes more frequently. This will only incur the wrath of the general public and the protestors will suffer more backlashes from the public.
Baltic dry index - 2088
Today, Friday, August 16 2019, the Baltic Dry Index climbed by 41 points, reaching 2088 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 stock: Sembcorp Marine, Cosco & Pan ocean
Friday, August 16, 2019
IFS Capital - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/15/19 | Amfrasers | IFS Capital | 0.225 | 0.29 | Buy | PB0.7x FY18 |
Ifast Corp - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/21/19 | DBS Vickers | Ifast Corp | 1.11 | 1.19 | Hold | DDM |
| 04/30/19 | DBS Vickers | Ifast Corp | 1.12 | 1.05 | Hold | DDM |
| 07/30/19 | DBS Vickers | Ifast Corp | 1.1 | 1.05 | Hold | DDM |
Hutchison Port - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/13/19 | OCBC | Hutchison Port | 0.26 | 0.22 | Sell | |
| 02/13/19 | DBS Vickers | Hutchison Port | 0.26 | 0.26 | Hold | DCF |
| 02/25/19 | OCBC | Hutchison Port | 0.235 | 0.22 | Hold | |
| 04/30/19 | OCBC | Hutchison Port | 0.24 | 0.22 | Hold | |
| 04/30/19 | DBS Vickers | Hutchison Port | 0.24 | 0.26 | Hold | |
| 07/25/19 | OCBC | Hutchison Port | 0.225 | 0.22 | Hold | |
| 07/26/19 | DBS Vickers | Hutchison Port | 0.225 | 0.23 | Hold | DCF |
Stock calls for 16 August 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 08/16/19 | Amfrasers | Accordia Golf Trust | 0.535 | 0.67 | Buy | DDM |
| 08/16/19 | phillip | Banyan Tree | 0.455 | 0.51 | Accumulate | Sum of parts, PB0.6x FY19 |
| 08/16/19 | phillip | China Everbright | 0.315 | 0.5 | Buy | PER9x |
| 08/16/19 | DMG & Partners | CSE Global | 0.44 | 0.61 | Buy | DCF |
| 08/16/19 | UOB Kay Hian | CSE Global | 0.44 | 0.62 | Buy | |
| 08/16/19 | phillip | Dasin Retail | 0.87 | 0.94 | Accumulate | DDM, PB0.65x |
| 08/16/19 | DMG & Partners | Golden Agri | 0.295 | 0.22 | Sell | Sum of parts |
| 08/16/19 | UOB Kay Hian | Propnex | 0.505 | 0.5 | Hold | |
| 08/16/19 | DBS Vickers | Sembcorp Industries | 2.26 | 3.2 | Buy | Sum of parts (10% discount), PER16x FY19, PB0.8x FY19 |
| 08/16/19 | CIMB | ST Engineering | 4.07 | 4.36 | Add | Sum of parts |
| 08/16/19 | DBS Vickers | ST Engineering | 4.07 | 4.64 | Buy | Sum of parts |
| 08/16/19 | Lim & Tan | ST Engineering | 4.07 | 0 | Hold | |
| 08/16/19 | UOB Kay Hian | Sunpower | 0.44 | 0.83 | Buy | |
| 08/16/19 | CIMB | Thai Beverage | 0.905 | 1 | Add | Sum of parts |
| 08/16/19 | DMG & Partners | Thai Beverage | 0.905 | 0.92 | Take Profit | Sum of parts, PER19x FY20 |
| 08/16/19 | DBS Vickers | UMS | 0.585 | 0.49 | Fully Valued | PER9x FY20 |
| 08/16/19 | Kim Eng | Valuetronics | 0.62 | 0.94 | Buy | ROE-g/COE-g |
| 08/16/19 | DMG & Partners | Valuetronics | 0.62 | 0.61 | Neutral | DCF |
| 08/16/19 | UOB Kay Hian | Valuetronics | 0.62 | 0.8 | Buy | |
| 08/16/19 | OCBC | Wilmar | 3.78 | 4.26 | Buy | |
| 08/16/19 | DBS Vickers | Wilmar | 3.78 | 4.25 | Buy | Sum of parts, PER16.3x FY20 |
Cathy Pacific top honchos are forced to resign after HSBC.
https://sg.news.yahoo.com/rupert-hogg-resigns-ceo-cathay-090923588.html
This is a crystal clear message to conglomerates that anti-government supporters won't be allowed to operate in HK and they will be punished.
Cathy Pacific and HSBC have their roots traced back to the UK. Therefore, the UK is also involved in HK protests.
Insofar, the USA, UK and Taiwan are reported to be involved in HK protests.
This is a crystal clear message to conglomerates that anti-government supporters won't be allowed to operate in HK and they will be punished.
Cathy Pacific and HSBC have their roots traced back to the UK. Therefore, the UK is also involved in HK protests.
Insofar, the USA, UK and Taiwan are reported to be involved in HK protests.
The Hong Kong protestors have lost the general public support.
https://www.straitstimes.com/asia/east-asia/angry-hong-kong-residents-press-anti-protest-demands-in-newspaper-ads
The HK protestors infuriated the general public that the public demanded harsher measures against the protestors in the press.
http://sg-stock.blogspot.com/2019/08/hong-kong-protestors-fabricated-fake.html
http://sg-stock.blogspot.com/2019/08/hong-kong-protestors-showed-their.html
http://sg-stock.blogspot.com/2019/08/the-hong-kong-police-are-incapable-to.html
http://sg-stock.blogspot.com/2019/08/hong-kong-protestors-are-back-at.html
The HK protestors overplayed their hands in the name of democracy and infuriated the general public. We had stated previously that these protestors would be at the receiving end in the end. This is actually happening sooner than we've expected.
http://sg-stock.blogspot.com/2019/08/anti-protestors-are-emerging-in-hong.html
The HK protestors infuriated the general public that the public demanded harsher measures against the protestors in the press.
http://sg-stock.blogspot.com/2019/08/hong-kong-protestors-fabricated-fake.html
http://sg-stock.blogspot.com/2019/08/hong-kong-protestors-showed-their.html
http://sg-stock.blogspot.com/2019/08/the-hong-kong-police-are-incapable-to.html
http://sg-stock.blogspot.com/2019/08/hong-kong-protestors-are-back-at.html
The HK protestors overplayed their hands in the name of democracy and infuriated the general public. We had stated previously that these protestors would be at the receiving end in the end. This is actually happening sooner than we've expected.
http://sg-stock.blogspot.com/2019/08/anti-protestors-are-emerging-in-hong.html
Singapore Nodx fell 11.2% in July 2019.
Year on year changes (YOY):
July 2019: -11.2%
June 2019: -17.3%
May 2019: -15.9%
April 2019: -10%
March 2019: -11.7%
February 2019: 4.9%
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%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Does the US 2-10y inverted yield curve signify a looming recession?
The US 2-10y inverted yield curve is an accurate harbinger of a looming recession but it does not have a 100% probability.
Will the current 2-10y inverted yield curve be different this time?
Do not listen to any analyst's justification that it will be different this time and let the numbers speak for themselves.
I've learnt in life that relying on statistics is more accurate than listening to any analyst because the numbers don't lie but people will since they interpret the numbers differently.
The problem with the US economy is not the inverted yield curve. The fundamental problem that everyone is not observing is that the US debt growth is so much faster than the GDP growth.
https://www.marketwatch.com/story/the-us-treasury-is-about-to-flood-the-market-with-debt-to-fund-a-1-trillion-deficit-heres-why-that-is-a-worry-2019-08-15?siteid=yhoof2&yptr=yahoo
The US has a budget shortfall of US$1T for the full year which is about 4.9% of its GDP but the US GDP growth is only at 2.1%. We can see that the US debt growth is more than 2.3x its GDP growth and this is a recipe for a recession.
http://sg-stock.blogspot.com/2019/07/the-us-china-trade-war-impacts-on-both_27.html
Furthermore, the ISM PMI has been falling for 4 consecutive months. This means that the US is still sliding down on the business cycle curve and has not reached its bottom. Therefore, I see no recovery in sight yet. Conversely, the PMI is showing that China has reached the bottom of its business cycle curve and is on a recovery path.
http://sg-stock.blogspot.com/2019/08/ism-pmi-analysis-for-us-economy-in-july.html
The US will need to issue more US treasuries to make up for the US$1T budget shortfall and this will definitely push up the short-term bond yields which will cause the inverted yield curve to worsen.
http://sg-stock.blogspot.com/2019/07/the-us-total-debt-is-at-us69t-now.html
The US total debt will hit US$70T with this bond issuance.
So tell me, will this 2-10y inverted yield curve be different this time? No! This inverted yield curve is just reflecting the reality that the US is heading into a recession unless the US ends the trade war.
Will the current 2-10y inverted yield curve be different this time?
Do not listen to any analyst's justification that it will be different this time and let the numbers speak for themselves.
I've learnt in life that relying on statistics is more accurate than listening to any analyst because the numbers don't lie but people will since they interpret the numbers differently.
The problem with the US economy is not the inverted yield curve. The fundamental problem that everyone is not observing is that the US debt growth is so much faster than the GDP growth.
https://www.marketwatch.com/story/the-us-treasury-is-about-to-flood-the-market-with-debt-to-fund-a-1-trillion-deficit-heres-why-that-is-a-worry-2019-08-15?siteid=yhoof2&yptr=yahoo
The US has a budget shortfall of US$1T for the full year which is about 4.9% of its GDP but the US GDP growth is only at 2.1%. We can see that the US debt growth is more than 2.3x its GDP growth and this is a recipe for a recession.
http://sg-stock.blogspot.com/2019/07/the-us-china-trade-war-impacts-on-both_27.html
Furthermore, the ISM PMI has been falling for 4 consecutive months. This means that the US is still sliding down on the business cycle curve and has not reached its bottom. Therefore, I see no recovery in sight yet. Conversely, the PMI is showing that China has reached the bottom of its business cycle curve and is on a recovery path.
http://sg-stock.blogspot.com/2019/08/ism-pmi-analysis-for-us-economy-in-july.html
The US will need to issue more US treasuries to make up for the US$1T budget shortfall and this will definitely push up the short-term bond yields which will cause the inverted yield curve to worsen.
http://sg-stock.blogspot.com/2019/07/the-us-total-debt-is-at-us69t-now.html
The US total debt will hit US$70T with this bond issuance.
So tell me, will this 2-10y inverted yield curve be different this time? No! This inverted yield curve is just reflecting the reality that the US is heading into a recession unless the US ends the trade war.
A new world, an unchartered territory – A negative yield environment
There are US$16T of negative yield bonds at
this moment as we speak and we have never come across this before in our
lifetime. The world will be in big trouble when the largest economy (USA) is also in a negative yield environment.
The conventional mindset is positive yield
whereby the borrower pays the lender an interest rate to secure a loan and not
the other around. Our current financial
system and economic structure are not built for a negative yield environment.
If we want to accept and adopt a negative
yield environment, we will need to change our mindsets but people are resistant
to changes. How many people can accept
the reality that they are paying the bank an interest rate for their deposits
instead of the bank paying them an interest rate? How many creditors can accept it when they
need to pay borrowers an interest rate?
Where will the banks get the money to lend out when people start to
stash money at home? Many elders in
Japan started to buy safes to keep money at home when the banks started
to charge deposit fees (interests).
In order to minimize the disruptions to the
conventionalists, we will need to restructure our financial system and economic structure which will entail many
uncertainties and risks because we have never done this before in our lifetime. This will be a regime change and it is an
arduous task.
Conversely, if we reject the negative yield
environment and maintain our conventional thinking, we will need to enforce positive
yield on the current situation and cause a great recession or depression to happen.
We are stuck between a rock and a hard
place now. Even the economists are at
their wit ends now because they’ve never studied the negative yield environment
before in their lifetime.
Hong Kong protestors fabricated fake news to defame HK police.
https://www.straitstimes.com/asia/east-asia/young-woman-allegedly-shot-in-the-eye-during-hong-kong-protests
The woman who injured her eye in the protest was actually shot by another protestor who did it with a catapult. She was not shot by the beanbag round used by the police because a beanbag round couldn't cause the injury she sustained. She also didn't lodge an official police report against the police because she knew her injury was not caused by the police.
The video below showed that there was no police near her when she was "shot".
The HK protestors fabricated the news to defame the HK police and used the fake news to orchestrate a violent riot against the HK government and police. This is not a protest but a real riot. The HK police must take a tougher stance against these rioters.
The woman who injured her eye in the protest was actually shot by another protestor who did it with a catapult. She was not shot by the beanbag round used by the police because a beanbag round couldn't cause the injury she sustained. She also didn't lodge an official police report against the police because she knew her injury was not caused by the police.
The video below showed that there was no police near her when she was "shot".
Thursday, August 15, 2019
Hong Kong protestors showed their incompetencies and lack of understanding in their cause.
An Australian knows more about China and HK than the HK protestors. Hahaha!
HK has no more future when the next generation is like that.
China warns the US if it implements the September 1 tariffs.
https://www.channelnewsasia.com/news/business/asia-stocks-slump-on-recession-fears-11810102
The US has only delayed tariffs against 60% of China goods to December but will still impose tariffs against 40% of China goods on 1 September.
The US is at the receiving end now and the Chinese won't back down because Trump has made it more difficult to reach a trade deal by adding the HK issue to the trade talk list. Trump wants Xi to settle the HK issue humanely first before he is willing to have a trade talk with Xi.
The US has only delayed tariffs against 60% of China goods to December but will still impose tariffs against 40% of China goods on 1 September.
The US is at the receiving end now and the Chinese won't back down because Trump has made it more difficult to reach a trade deal by adding the HK issue to the trade talk list. Trump wants Xi to settle the HK issue humanely first before he is willing to have a trade talk with Xi.
HRnetGroup - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/02/19 | DMG & Partners | HRnetGroup | 0.8 | 1.18 | Buy | DCF |
| 02/25/19 | DMG & Partners | HRnetGroup | 0.795 | 1.06 | Buy | DCF |
| 02/26/19 | DBS Vickers | HRnetGroup | 0.8 | 1.05 | Buy | PER15x FY19, ex-cash |
| 03/13/19 | DMG & Partners | HRnetGroup | 0.79 | 1.06 | Buy | |
| 03/26/19 | CIMB | HRnetGroup | 0.765 | 1.03 | Add | |
| 05/07/19 | DMG & Partners | HRnetGroup | 0.77 | 1.06 | Buy | DCF |
| 05/13/19 | DMG & Partners | HRnetGroup | 0.77 | 0.94 | Buy | DCF |
| 05/14/19 | DBS Vickers | HRnetGroup | 0.76 | 0.85 | Hold | PER16x FY19, ex-cash |
| 06/06/19 | DMG & Partners | HRnetGroup | 0.71 | 0.94 | Buy | |
| 06/13/19 | CIMB | HRnetGroup | 0.72 | 1.01 | Add | PER18x CY20 |
| 08/14/19 | DMG & Partners | HRnetGroup | 0.66 | 0.94 | Buy | DCF |
Hotel Properties (HPL) - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/27/19 | Lim & Tan | Hotel Properties | 3.76 | 0 | Hold | |
| 04/17/19 | OCBC | Hotel Properties | 3.88 | 4.74 | Buy | |
| 07/15/19 | OCBC | Hotel Properties | 3.69 | 4.74 | Buy |
Hongkong Land - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/17/19 | DBS Vickers | Hongkong Land | 6.92 | 7.86 | Buy | |
| 01/17/19 | Citibank | Hongkong Land | 6.92 | 5.9 | Sell | |
| 03/01/19 | DBS Vickers | Hongkong Land | 6.77 | 8.02 | Buy | RNAV (40% discount) |
| 03/01/19 | Citibank | Hongkong Land | 6.77 | 6.45 | Sell | |
| 05/10/19 | DBS Vickers | Hongkong Land | 6.97 | 8.02 | Buy | RNAV (40% discount) |
| 08/02/19 | DBS Vickers | Hongkong Land | 6.09 | 7.93 | Buy | |
| 08/05/19 | DBS Vickers | Hongkong Land | 6.02 | 7.7 | Buy | RNAV (40% discount) |
| 08/06/19 | CIMB | Hongkong Land | 5.74 | 7.4 | Add | |
| 08/06/19 | Citibank | Hongkong Land | 5.74 | 5.85 | Sell |
Stock calls for 15 August 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 08/15/19 | DBS Vickers | Bumitama | 0.59 | 0.69 | Buy | DCF, PER18.5x FY19 |
| 08/15/19 | DMG & Partners | Centurion | 0.41 | 0.43 | Neutral | DCF |
| 08/15/19 | Amfrasers | Comfortdelgro | 2.51 | 2.77 | Neutral | PER19x FY19 |
| 08/15/19 | CIMB | Comfortdelgro | 2.51 | 2.78 | Add | |
| 08/15/19 | Lim & Tan | CSE Global | 0.435 | 0 | Buy | |
| 08/15/19 | Kim Eng | First Resources | 1.57 | 1.8 | Buy | |
| 08/15/19 | DMG & Partners | First Resources | 1.57 | 1.45 | Neutral | PER14x FY20 |
| 08/15/19 | CIMB | First Resources | 1.57 | 1.76 | Add | |
| 08/15/19 | Amfrasers | Manulife US Reit | 0.89 | 0.98 | outperform | |
| 08/15/19 | DMG & Partners | Manulife US Reit | 0.89 | 0.98 | Buy | DDM |
| 08/15/19 | DBS Vickers | MM2 Asia | 0.197 | 0.29 | Buy | Sum of parts |
| 08/15/19 | CIMB | Sembcorp Industries | 2.26 | 2.83 | Add | Sum of parts |
| 08/15/19 | UOB Kay Hian | Sembcorp Industries | 2.26 | 2.34 | Hold | |
| 08/15/19 | UOB Kay Hian | ST Engineering | 4.22 | 4.36 | Hold | |
| 08/15/19 | DMG & Partners | ST Engineering | 4.22 | 4.7 | Buy | Sum of parts |
| 08/15/19 | DBS Vickers | Thai Beverage | 0.83 | 0.91 | Buy | |
| 08/15/19 | UOB Kay Hian | Tianjin Zhongxin | 0.795 | 1.4 | Buy | |
| 08/15/19 | UOB Kay Hian | Wilmar | 3.86 | 4.4 | Buy | |
| 08/15/19 | CIMB | Yongnam | 0.171 | 0.28 | Add |
Besides the US retail sector, the US farms are in troubles too.
https://finance.yahoo.com/news/american-farms-billions-debt-numbers-153314408.html
The US farms are heavily in debts!
China's ban on US agricultural products is hitting the US farmers severely.
The US-China tariffs are hitting the US retailers severely too.
http://sg-stock.blogspot.com/2019/08/the-us-will-close-12000-retailers-in.html
If the US property sector crashes at this time, the banks will recall the farm loans which in turn will cause massive farm bankruptcies because the farmers use their lands as collaterals.
The US is just hanging on the edge of the precipice. When the US loses the grip, it will fall into the abyss.
The US farms are heavily in debts!
China's ban on US agricultural products is hitting the US farmers severely.
The US-China tariffs are hitting the US retailers severely too.
http://sg-stock.blogspot.com/2019/08/the-us-will-close-12000-retailers-in.html
If the US property sector crashes at this time, the banks will recall the farm loans which in turn will cause massive farm bankruptcies because the farmers use their lands as collaterals.
The US is just hanging on the edge of the precipice. When the US loses the grip, it will fall into the abyss.
The US-China financial war talk is on the rise.
https://sg-stock.blogspot.com/2019/08/the-us-china-trade-war-is-escalating.html
https://sg-stock.blogspot.com/2019/08/the-us-china-trade-war-is-escalating_11.html
The US-China financial war talk is on the rise after we first posted the 4 stages of escalation on 9 August 2019.
The China central bank ex-bankers warned about this on 10 August 2019, a day after our posting.
There is a more detailed discussion on this today (see below).
https://finance.yahoo.com/news/china-may-foreign-exchange-reserves-093000109.html
First of all, we're not fearmongering to profit from this. We're just stating the possible scenarios that might happen which derived from our analysis based on our financial knowledge. It is just a coincident that the financial war talk is becoming a topic after our first post.
Are we clairvoyants? We wished we were but we were not.
We agree that we're not always right but we're also seldom wrong. Heehee!
https://sg-stock.blogspot.com/2019/08/the-us-china-trade-war-is-escalating_11.html
The US-China financial war talk is on the rise after we first posted the 4 stages of escalation on 9 August 2019.
The China central bank ex-bankers warned about this on 10 August 2019, a day after our posting.
There is a more detailed discussion on this today (see below).
https://finance.yahoo.com/news/china-may-foreign-exchange-reserves-093000109.html
First of all, we're not fearmongering to profit from this. We're just stating the possible scenarios that might happen which derived from our analysis based on our financial knowledge. It is just a coincident that the financial war talk is becoming a topic after our first post.
Are we clairvoyants? We wished we were but we were not.
We agree that we're not always right but we're also seldom wrong. Heehee!
The Dow Jones index fell 800 points because of 2-10y inverted yield curve.
The US markets fell heavily because of 2-10y inverted yield curve.
We had explained the abnormality of the inverted yield curve below.
http://sg-stock.blogspot.com/2019/03/the-us-treasurys-situation-is-getting.html
We also had reminded our readers to watch the 2-10y yield curve closely in Dec 2018.
https://sg-stock.blogspot.com/2018/12/the-us-3-year-and-5-year-yield-curve.html
The US markets heavy plunges yesterday had slaughtered many investors who bought into the euphoria of the delayed tariffs.
We had explained the abnormality of the inverted yield curve below.
http://sg-stock.blogspot.com/2019/03/the-us-treasurys-situation-is-getting.html
We also had reminded our readers to watch the 2-10y yield curve closely in Dec 2018.
https://sg-stock.blogspot.com/2018/12/the-us-3-year-and-5-year-yield-curve.html
The US markets heavy plunges yesterday had slaughtered many investors who bought into the euphoria of the delayed tariffs.
Wednesday, August 14, 2019
The Hong Kong police are incapable to protect the innocent.
The HK police should have taken a much tougher stance against the rioters. It was pretty obvious that the China reporter from Global Times had been taken as a hostage because he was tied up against his will and the circumstance had escalated from rioting into a hostage situation.
The HK police should have fired many rubber bullets at the rioters to disperse them so that the police can bulldoze its ways through to save the hostage but the HK police didn't. The HK police have no capability and competency to save an innocent person. The HK police show that they don't know how to handle the situation and have inadequate training to assess the situation.
The HK police should have fired many rubber bullets at the rioters to disperse them so that the police can bulldoze its ways through to save the hostage but the HK police didn't. The HK police have no capability and competency to save an innocent person. The HK police show that they don't know how to handle the situation and have inadequate training to assess the situation.
Hong Leong Finance - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/28/19 | Lim & Tan | Hong Leong Finance | 2.71 | 0 | Buy | |
| 04/26/19 | Lim & Tan | Hong Leong Finance | 2.8 | 0 | Buy |
Hock Lian Seng - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 08/02/19 | Lim & Tan | Hock Lian Seng | 0.33 | 0 | Buy on weakness |
Ho Bee - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/26/19 | Lim & Tan | Ho Bee | 2.51 | 0 | Buy | |
| 03/28/19 | UOB Kay Hian | Ho Bee | 2.5 | 2.79 | Buy | RNAV (30% discount) |
| 04/01/19 | Lim & Tan | Ho Bee | 2.52 | 0 | Buy | |
| 06/28/19 | UOB Kay Hian | Ho Bee | 2.38 | 2.79 | Buy |
Stock calls for 14 August 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 08/14/19 | Kim Eng | AEM | 1.09 | 1.4 | Buy | |
| 08/14/19 | DMG & Partners | Bumitama | 0.6 | 0.54 | Neutral | PER14x FY20 |
| 08/14/19 | Macquarie | Capitaland | 3.42 | 4.15 | Outperform | |
| 08/14/19 | CIMB | Comfortdelgro | 2.62 | 2.78 | Add | DCF |
| 08/14/19 | DMG & Partners | Comfortdelgro | 2.62 | 2.55 | Neutral | DCF |
| 08/14/19 | OCBC | Comfortdelgro | 2.62 | 2.91 | Hold | |
| 08/14/19 | phillip | Comfortdelgro | 2.62 | 2.99 | Accumulate | PER18.6x FY19 |
| 08/14/19 | UOB Kay Hian | Comfortdelgro | 2.62 | 2.95 | Buy | |
| 08/14/19 | DBS Vickers | Comfortdelgro | 2.62 | 2.59 | Hold | |
| 08/14/19 | DMG & Partners | Delfi | 1.24 | 1.68 | Buy | DCF, PER28x FY19 |
| 08/14/19 | Lim & Tan | Fu Yu | 0.215 | 0 | Buy | |
| 08/14/19 | DMG & Partners | Fu Yu | 0.215 | 0.24 | Buy | DCF |
| 08/14/19 | UOB Kay Hian | Fu Yu | 0.215 | 0.285 | Buy | |
| 08/14/19 | DMG & Partners | HRnetGroup | 0.66 | 0.94 | Buy | DCF |
| 08/14/19 | Lim & Tan | Innotek | 0.5 | 0 | Buy on weakness | |
| 08/14/19 | OCBC | Mapletree North Asia | 1.28 | 1.43 | Buy | |
| 08/14/19 | OCBC | Singtel | 3.18 | 3.61 | Buy | |
| 08/14/19 | DIR | Venture | 15.28 | 17.9 | Outperform | |
| 08/14/19 | OCBC | Venture | 15.28 | 18.42 | Buy | PER14x |
| 08/14/19 | DMG & Partners | Wilmar | 4.05 | 4.5 | Buy | Sum of parts |
| 08/14/19 | UOB Kay Hian | Wilmar | 4.05 | 4.5 | Buy | |
| 08/14/19 | OCBC | Yanlord | 1.13 | 1.68 | Buy |
The US will close 12,000 retailers in 2019.
https://finance.yahoo.com/news/25-retailers-already-announced-close-132806255.html
The US economy is deteriorating fast and furious because 12,000 retailers will close down in 2019. If 3 people are needed to manage a retail shop, there will be 36,000 retrenched people.
Trump's tariffs are expediting this shutdown.
The US economy is deteriorating fast and furious because 12,000 retailers will close down in 2019. If 3 people are needed to manage a retail shop, there will be 36,000 retrenched people.
Trump's tariffs are expediting this shutdown.
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