| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/28/20 | Lim & Tan | BRC Asia | 1.69 | 0 | Buy on weakness | |
| 01/28/20 | DBS Vickers | Cache Logistics | 0.725 | 0.75 | Hold | DCF |
| 01/28/20 | OCBC | ESR-Reit | 0.56 | 0.6 | Buy | |
| 01/28/20 | DBS Vickers | Frasers Hospitality Trust | 0.715 | 0.78 | Hold | DCF |
| 01/28/20 | Lim & Tan | Hong Leong Asia | 0.625 | 0 | Buy on weakness | |
| 01/28/20 | DMG & Partners | ISOTeam | 0.23 | 0.31 | Buy | DCF |
| 01/28/20 | DBS Vickers | Keppel Corp | 6.75 | 7.5 | Buy | Sum of parts |
| 01/28/20 | Lim & Tan | KSH | 0.415 | 0 | Buy on weakness | |
| 01/28/20 | Lim & Tan | PanUnited | 0.375 | 0 | Buy on weakness | |
| 01/28/20 | OCBC | Soilbuild Reit | 0.515 | 0.52 | Hold | |
| 01/28/20 | OCBC | Suntec Reit | 1.86 | 2.05 | Buy |
Tuesday, January 28, 2020
Stock calls for 28 January 2020
Saturday, January 25, 2020
Baltic dry index - 557
Today, Friday, January 24 2020, the Baltic Dry Index decreased by 19 points, reaching 557 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, January 24, 2020
Ezion - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/07/19 | DBS Vickers | Ezion | 0.05 | 0.06 | Hold | PB0.3x FY19 |
| 03/11/19 | DBS Vickers | Ezion | 0.043 | 0.05 | Hold | PER10x F20 |
| 04/05/19 | DBS Vickers | Ezion | 0.043 | 0.05 | Hold | PB1.4x |
ESR-Reit - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/18/19 | Lim & Tan | ESR-Reit | 0.53 | 0 | Hold | |
| 01/21/19 | CIMB | ESR-Reit | 0.53 | 0.62 | Add | DDM |
| 01/21/19 | OCBC | ESR-Reit | 0.53 | 0.575 | Buy | |
| 01/22/19 | DBS Vickers | ESR-Reit | 0.53 | 0.59 | Buy | |
| 02/12/19 | DMG & Partners | ESR-Reit | 0.515 | 0.61 | Buy | DDM |
| 03/07/19 | CIMB | ESR-Reit | 0.53 | 0.62 | Add | |
| 03/13/19 | DMG & Partners | ESR-Reit | 0.53 | 0.61 | Buy | |
| 04/10/19 | OCBC | ESR-Reit | 0.54 | 0.55 | Hold | |
| 04/25/19 | CIMB | ESR-Reit | 0.51 | 0.6 | Add | DDM |
| 04/25/19 | OCBC | ESR-Reit | 0.51 | 0.565 | Buy | |
| 06/18/19 | CIMB | ESR-Reit | 0.565 | 0.6 | Add | DDM |
| 06/19/19 | OCBC | ESR-Reit | 0.53 | 0.56 | Buy | |
| 07/24/19 | OCBC | ESR-Reit | 0.535 | 0.58 | Buy | |
| 07/24/19 | CIMB | ESR-Reit | 0.535 | 0.61 | Add | DDM |
| 08/21/19 | Citibank | ESR-Reit | 0.51 | 0.57 | Buy | |
| 10/25/19 | OCBC | ESR-Reit | 0.54 | 0.58 | Buy | |
| 10/29/19 | DMG & Partners | ESR-Reit | 0.53 | 0.6 | Buy | DDM |
| 12/10/19 | DMG & Partners | ESR-Reit | 0.545 | 0.6 | Buy | |
| 01/07/20 | DMG & Partners | ESR-Reit | 0.545 | 0.6 | Buy | DDM |
| 01/24/20 | DBS Vickers | ESR-Reit | 0.56 | 0.59 | Buy | DCF |
EC World Reit - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/09/19 | DMG & Partners | EC World Reit | 0.7 | 0.81 | Buy | |
| 02/15/19 | phillip | EC World Reit | 0.745 | 0.82 | Buy | |
| 02/22/19 | DBS Vickers | EC World Reit | 0.745 | 0.86 | Buy | DCF |
| 02/25/19 | DMG & Partners | EC World Reit | 0.755 | 0.84 | Buy | DDM |
| 03/04/19 | phillip | EC World Reit | 0.76 | 0.85 | Buy | DDM, PB0.84x FY19 |
| 03/18/19 | DMG & Partners | EC World Reit | 0.77 | 0.84 | Buy | |
| 05/07/19 | DMG & Partners | EC World Reit | 0.77 | 0.84 | Buy | |
| 05/14/19 | DMG & Partners | EC World Reit | 0.79 | 0.85 | Buy | DDM |
| 05/14/19 | DBS Vickers | EC World Reit | 0.79 | 0.86 | Buy | |
| 05/15/19 | phillip | EC World Reit | 0.785 | 0.87 | Buy | DDM, PB0.93x |
| 06/19/19 | phillip | EC World Reit | 0.775 | 0.87 | Buy | |
| 07/04/19 | DMG & Partners | EC World Reit | 0.78 | 0.85 | Buy | |
| 07/22/19 | phillip | EC World Reit | 0.755 | 0.87 | Buy | |
| 08/08/19 | phillip | EC World Reit | 0.735 | 0.87 | Buy | DDM |
| 08/08/19 | DMG & Partners | EC World Reit | 0.735 | 0.82 | Buy | DDM |
| 09/24/19 | phillip | EC World Reit | 0.735 | 0.87 | Buy | |
| 10/18/19 | phillip | EC World Reit | 0.735 | 0.87 | Buy | |
| 11/12/19 | phillip | EC World Reit | 0.74 | 0.84 | Buy | DDM |
| 11/12/19 | DBS Vickers | EC World Reit | 0.74 | 0.86 | Buy | DCF |
| 11/26/19 | Amfrasers | EC World Reit | 0.74 | 0.84 | outperform | DDM |
| 12/02/19 | Amfrasers | EC World Reit | 0.745 | 0.84 | outperform | DDM |
| 12/10/19 | DMG & Partners | EC World Reit | 0.765 | 0.82 | Buy |
Stock calls for 24 January 2020
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/24/20 | DBS Vickers | AEM | 2.05 | 2.38 | Buy | PER12.1x FY20 |
| 01/24/20 | Kim Eng | Cache Logistics | 0.725 | 0.8 | Buy | DDM |
| 01/24/20 | DBS Vickers | CapitaCommercial | 2.12 | 2.3 | Buy | |
| 01/24/20 | Phillip | Capitamall Trust | 2.57 | 2.7 | Accumulate | DDM |
| 01/24/20 | DBS Vickers | Capitamall Trust | 2.57 | 2.95 | Buy | |
| 01/24/20 | DBS Vickers | ESR-Reit | 0.56 | 0.59 | Buy | DCF |
| 01/24/20 | DBS Vickers | Frasers Centrepoint Trust | 2.86 | 2.95 | Buy | |
| 01/24/20 | DBS Vickers | Frencken | 0.91 | 1.06 | Buy | PER10x FY20 |
| 01/24/20 | UOB Kay Hian | Keppel Corp | 6.74 | 7.75 | Buy | Sum of parts |
| 01/24/20 | DBS Vickers | Keppel Pacific | 0.785 | 0.9 | Buy | DCF |
| 01/24/20 | DBS Vickers | Keppel Reit | 1.27 | 1.45 | Buy | DCF |
| 01/24/20 | DBS Vickers | Mapletree Commercial | 2.43 | 2.6 | Buy | |
| 01/24/20 | Lim & Tan | Mapletree Commercial | 2.43 | 0 | Hold | |
| 01/24/20 | DBS Vickers | SGX | 8.82 | 9.6 | Buy | DDM, PER21x FY21 |
| 01/24/20 | DBS Vickers | Soilbuild Reit | 0.52 | 0.55 | Hold | DCF |
| 01/24/20 | DBS Vickers | Starhub | 1.49 | 1.72 | Buy | DCF |
| 01/24/20 | Citibank | Starhub | 1.49 | 1.22 | Sell | |
| 01/24/20 | DBS Vickers | Suntec Reit | 1.85 | 2.15 | Buy | DCF |
| 01/24/20 | DBS Vickers | UMS | 0.98 | 1.16 | Buy | PER14.9x FY20 |
Thursday, January 23, 2020
Eagle Hospitality Trust - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 08/30/19 | UOB Kay Hian | Eagle Hospitality Trust | 0.675 | 1.02 | Buy | DDM |
| 10/02/19 | Amfrasers | Eagle Hospitality Trust | 0.68 | 0.84 | outperform | DDM |
| 10/25/19 | UOB Kay Hian | Eagle Hospitality Trust | 0.645 | 1.02 | Buy | DDM |
| 10/29/19 | Amfrasers | Eagle Hospitality Trust | 0.545 | 0.72 | outperform | DDM |
| 11/18/19 | Amfrasers | Eagle Hospitality Trust | 0.535 | 0.61 | Buy | DDM |
| 12/02/19 | Amfrasers | Eagle Hospitality Trust | 0.525 | 0.61 | outperform | DDM |
Duty Free - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/10/19 | Lim & Tan | Duty Free | 0.192 | 0 | Accumulate |
Delfi - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/02/19 | DMG & Partners | Delfi | 1.32 | 1.59 | Buy | |
| 03/01/19 | DMG & Partners | Delfi | 1.45 | 1.68 | Buy | DCF, PER28x FY19 |
| 04/05/19 | DMG & Partners | Delfi | 1.3 | 1.68 | Buy | |
| 05/07/19 | DMG & Partners | Delfi | 1.3 | 1.68 | Buy | DCF, PER28x FY19 |
| 08/14/19 | DMG & Partners | Delfi | 1.24 | 1.68 | Buy | DCF, PER28x FY19 |
| 10/31/19 | DBS Vickers | Delfi | 0.995 | 1.49 | Buy | PER23.7x FY20 |
| 11/13/19 | DMG & Partners | Delfi | 0.955 | 1.68 | Buy | DCF |
| 11/14/19 | DBS Vickers | Delfi | 0.96 | 1.51 | Buy | PER23.1x FY20 |
| 12/11/19 | DMG & Partners | Delfi | 1 | 1.68 | Buy | |
| 01/06/20 | DBS Vickers | Delfi | 1 | 1.51 | Buy |
Stock calls for 23 January 2020
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/23/20 | UOB Kay Hian | CapitaCommercial | 2.13 | 2.3 | Buy | |
| 01/23/20 | UOB Kay Hian | Capitamall Trust | 2.59 | 2.88 | Buy | |
| 01/23/20 | Kim Eng | Frasers Centrepoint Trust | 2.8 | 2.85 | Hold | DDM |
| 01/23/20 | Lim & Tan | Frasers Centrepoint Trust | 2.8 | 0 | Hold | |
| 01/23/20 | UOB Kay Hian | Frasers Centrepoint Trust | 2.8 | 3.05 | Buy | |
| 01/23/20 | DBS Vickers | Keppel DC Reit | 2.22 | 2.4 | Buy | DCF |
| 01/23/20 | Kim Eng | Mapletree Commercial | 2.44 | 2.45 | Hold | DDM |
| 01/23/20 | UOB Kay Hian | Mapletree Industrial | 2.77 | 2.9 | Buy | |
| 01/23/20 | DBS Vickers | Sheng Siong | 1.26 | 1.41 | Buy | PER25x FY20 |
The recession constellation is aligning in the US! - Part 3
http://sg-stock.blogspot.com/2020/01/the-recession-constellation-is-aligning.html
1. Tltro II will expire in March 2020.
2. ISM PMI reported its first contraction for August (Below 50) in September. The US recession may happen at the earliest 6 months later which is in March 2020.
3. The Republicans want to remove its President by March 2020. Nancy Pelosi just needs to get some Republicans to deflect to impeach Trump.
4. The opec+ will end the oil production cut in March 2020. This will affect the US shale oil industry because the US has been gaining the oil market share at the expense of opec+.
5. Iran's retaliation against the US for the latest airstrike.
6. Wuhan virus.
CNY is approaching and there will be massive festive travellers in China. If there is an outbreak during the CNY, the global economy will suffer soon. Just look at the SARS outbreak and its economic impacts and you will know where the global economies are heading.
1. Tltro II will expire in March 2020.
2. ISM PMI reported its first contraction for August (Below 50) in September. The US recession may happen at the earliest 6 months later which is in March 2020.
3. The Republicans want to remove its President by March 2020. Nancy Pelosi just needs to get some Republicans to deflect to impeach Trump.
4. The opec+ will end the oil production cut in March 2020. This will affect the US shale oil industry because the US has been gaining the oil market share at the expense of opec+.
5. Iran's retaliation against the US for the latest airstrike.
6. Wuhan virus.
CNY is approaching and there will be massive festive travellers in China. If there is an outbreak during the CNY, the global economy will suffer soon. Just look at the SARS outbreak and its economic impacts and you will know where the global economies are heading.
Canada and the US are trying to twist and turn the charge against Huawei Meng.
https://sg.finance.yahoo.com/news/canadian-prosecutor-set-defend-u-111334522.html
Yes, bank fraud is a criminal charge in the US and Canada. However, the so-called "bank fraud" was committed in HK and HSBC never reported the bank fraud in HK. Therefore, the US and Canada have no legitimate reason to put Meng under arrest.
If Meng is extradited to the US based on bank fraud committed in HK, then all the bank frauds in the world can be extradited to the US. Meng was first arrested because she violated US sanction against Iran but Canada didn't have Iran sanction at that moment. Thus, there was no double criminality issue at all in the US & Canada.
The US and Canada have a weak case over Meng. If these 2 countries continue with their antics, they will lose their credibilities.
Yes, bank fraud is a criminal charge in the US and Canada. However, the so-called "bank fraud" was committed in HK and HSBC never reported the bank fraud in HK. Therefore, the US and Canada have no legitimate reason to put Meng under arrest.
If Meng is extradited to the US based on bank fraud committed in HK, then all the bank frauds in the world can be extradited to the US. Meng was first arrested because she violated US sanction against Iran but Canada didn't have Iran sanction at that moment. Thus, there was no double criminality issue at all in the US & Canada.
The US and Canada have a weak case over Meng. If these 2 countries continue with their antics, they will lose their credibilities.
Many analysts are casting doubts on the viability of the phase 1 deal between the US and China.
https://www.scmp.com/economy/china-economy/article/3047018/chinas-trade-war-deal-may-be-doomed-start-scepticism-mounts
We had stated much earlier (April 2019) that the US-China trade deal wouldn't work. It would be impossible for China to fulfill the terms in phase 1 deal since it had to be done based on market principles. In other words, many US products are not competitive enough for China to import more.
http://sg-stock.blogspot.com/2020/01/the-phase-1-us-china-trade-deal-can-be.html
We had stated much earlier (April 2019) that the US-China trade deal wouldn't work. It would be impossible for China to fulfill the terms in phase 1 deal since it had to be done based on market principles. In other words, many US products are not competitive enough for China to import more.
http://sg-stock.blogspot.com/2020/01/the-phase-1-us-china-trade-deal-can-be.html
Wednesday, January 22, 2020
Del Monte - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 06/21/19 | Lim & Tan | Del Monte | 0.12 | 0 | Buy |
DBS - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/02/19 | DMG & Partners | DBS | 23.69 | 29.8 | Buy | GGM, PB1.54x FY19 |
| 01/03/19 | CIMB | DBS | 23.49 | 27 | Hold | PER10.7x FY20 |
| 01/03/19 | JP Morgan | DBS | 23.49 | 29 | Overweight | |
| 01/08/19 | UOB Kay Hian | DBS | 23.75 | 28.5 | Buy | |
| 01/08/19 | Jefferies | DBS | 23.75 | 28.5 | Buy | |
| 01/29/19 | CIMB | DBS | 24.22 | 29 | Add | GGM, PB1.4x CY19 |
| 01/31/19 | Kim Eng | DBS | 23.94 | 30.18 | Buy | DDM |
| 02/01/19 | phillip | DBS | 23.92 | 29.02 | Buy | |
| 02/08/19 | UOB Kay Hian | DBS | 24.33 | 28.5 | Buy | |
| 02/12/19 | Kim Eng | DBS | 24.36 | 30.18 | Buy | |
| 02/18/19 | DMG & Partners | DBS | 24.74 | 29.8 | Buy | |
| 02/18/19 | Lim & Tan | DBS | 24.74 | 0 | Buy | |
| 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 | |
| 02/20/19 | Macquarie | DBS | 25.1 | 27 | Neutral | PB |
| 02/26/19 | Amfrasers | DBS | 25.18 | 27.7 | Buy | RIM |
| 03/04/19 | phillip | DBS | 25.08 | 29 | Buy | |
| 03/07/19 | Kim Eng | DBS | 25.36 | 29.56 | Buy | |
| 03/11/19 | CIMB | DBS | 25.06 | 29 | Add | |
| 03/13/19 | DMG & Partners | DBS | 25.3 | 28.8 | Buy | GGM, PB1.5x FY19 |
| 03/26/19 | OCBC | DBS | 25.12 | 29.31 | Buy | |
| 04/01/19 | UOB Kay Hian | DBS | 25.23 | 28.4 | Buy | |
| 04/02/19 | phillip | DBS | 25.59 | 29 | Buy | |
| 04/10/19 | DMG & Partners | DBS | 27 | 29.6 | Buy | PB1.43x FY20 |
| 04/11/19 | CIMB | DBS | 26.97 | 29 | Add | |
| 04/22/19 | UOB Kay Hian | DBS | 27.4 | 30.3 | Buy | GGM, PB1.57x FY19 |
| 04/22/19 | Kim Eng | DBS | 27.4 | 29.56 | Buy | |
| 04/29/19 | Lim & Tan | DBS | 27.41 | 0 | Buy | |
| 04/29/19 | Citibank | DBS | 27.41 | 31.1 | Buy | |
| 04/30/19 | Macquarie | DBS | 28.4 | 27 | Neutral | |
| 04/30/19 | phillip | DBS | 28.4 | 29 | Accumulate | GGM, PB1.5x FY19 |
| 04/30/19 | OCBC | DBS | 28.4 | 29.18 | Hold | Buy @ $27.50 or lower |
| 04/30/19 | CIMB | DBS | 28.4 | 30 | Add | GGM, PB1.54x |
| 04/30/19 | DMG & Partners | DBS | 28.4 | 30.8 | Buy | PB1.5x FY20 |
| 04/30/19 | Lim & Tan | DBS | 28.4 | 30 | Hold | |
| 05/02/19 | Amfrasers | DBS | 28.25 | 27.7 | Hold | |
| 05/02/19 | Jefferies | DBS | 28.25 | 31.5 | Buy | PER13.1x FY20 |
| 05/07/19 | OCBC | DBS | 26.53 | 27.5 | Hold | |
| 05/13/19 | UOB Kay Hian | DBS | 26.55 | 30.5 | Buy | |
| 05/13/19 | Citibank | DBS | 26.55 | 27 | Neutral | |
| 05/14/19 | DMG & Partners | DBS | 26 | 30.8 | Buy | GGM, PB1.5x FY20 |
| 05/22/19 | CIMB | DBS | 25.74 | 27.64 | Hold | |
| 05/22/19 | Kim Eng | DBS | 25.74 | 29.46 | Buy | |
| 06/03/19 | CIMB | DBS | 24.29 | 27.64 | Hold | |
| 06/06/19 | phillip | DBS | 24.27 | 29 | Accumulate | |
| 06/13/19 | UOB Kay Hian | DBS | 24.7 | 30.5 | Buy | |
| 06/17/19 | Kim Eng | DBS | 24.81 | 29.46 | Buy | |
| 06/19/19 | OCBC | DBS | 24.8 | 29.18 | Buy | Buy @ $27.50 or lower |
| 07/01/19 | Kim Eng | DBS | 25.96 | 29.46 | Buy | |
| 07/01/19 | UOB Kay Hian | DBS | 25.96 | 30.5 | Buy | GGM, PB1.59x FY19 |
| 07/02/19 | OCBC | DBS | 26.6 | 29.2 | Buy | GGM, PB1.4x, PER14.7x |
| 07/03/19 | phillip | DBS | 26.5 | 29 | Accumulate | |
| 07/08/19 | DMG & Partners | DBS | 25.63 | 30.8 | Buy | PB1.5x FY20 |
| 07/12/19 | DMG & Partners | DBS | 25.61 | 30.3 | Buy | PB1.47x FY20 |
| 07/29/19 | Lim & Tan | DBS | 26.88 | 0 | Buy | |
| 07/30/19 | DMG & Partners | DBS | 26.54 | 28.3 | Hold | GGM, PB1.37x FY20 |
| 07/30/19 | CIMB | DBS | 26.54 | 27.59 | Hold | GGM |
| 07/30/19 | Kim Eng | DBS | 26.54 | 28.05 | Hold | DDM |
| 07/30/19 | OCBC | DBS | 26.54 | 28 | Hold | |
| 07/30/19 | phillip | DBS | 26.54 | 30.9 | Accumulate | |
| 07/30/19 | UOB Kay Hian | DBS | 26.54 | 31.3 | Buy | |
| 07/31/19 | Macquarie | DBS | 26.49 | 25.8 | Neutral | PB |
| 07/31/19 | phillip | DBS | 26.49 | 27.6 | Accumulate | GGM, PB1.4x |
| 08/23/19 | DMG & Partners | DBS | 24.59 | 28.3 | Neutral | |
| 08/29/19 | Macquarie | DBS | 24.02 | 25.8 | Neutral | PB |
| 09/05/19 | phillip | DBS | 24.54 | 27.6 | Accumulate | |
| 09/06/19 | DMG & Partners | DBS | 24.63 | 25.3 | Neutral | GGM, PB1.23x FY20 |
| 09/26/19 | Kim Eng | DBS | 24.73 | 28.05 | Hold | |
| 09/27/19 | CIMB | DBS | 24.82 | 27.59 | Hold | |
| 10/01/19 | UOB Kay Hian | DBS | 25 | 31.3 | Buy | |
| 10/04/19 | phillip | DBS | 24.57 | 27.6 | Accumulate | |
| 10/29/19 | UOB Kay Hian | DBS | 25.18 | 29.75 | Buy | |
| 11/05/19 | phillip | DBS | 26.13 | 27.6 | Accumulate | |
| 11/11/19 | DMG & Partners | DBS | 26.61 | 25.3 | Neutral | GGM, PB1.23x FY20 |
| 11/11/19 | Lim & Tan | DBS | 26.61 | 0 | Buy on weakness | |
| 11/12/19 | Macquarie | DBS | 26.64 | 25.8 | Neutral | PB |
| 11/12/19 | phillip | DBS | 26.64 | 27.3 | Accumulate | GGM, PB1.4x |
| 11/12/19 | DMG & Partners | DBS | 26.64 | 25.8 | Neutral | GGM, PB1.28x FY20 |
| 11/12/19 | Kim Eng | DBS | 26.64 | 29.92 | Buy | DDM |
| 11/12/19 | UOB Kay Hian | DBS | 26.64 | 30 | Buy | |
| 12/02/19 | CIMB | DBS | 25.25 | 28.29 | Hold | |
| 12/02/19 | Kim Eng | DBS | 25.25 | 29.92 | Buy | |
| 12/03/19 | DMG & Partners | DBS | 25.13 | 25.8 | Neutral | |
| 12/04/19 | phillip | DBS | 24.98 | 27.3 | Accumulate | |
| 01/03/20 | UOB Kay Hian | DBS | 26.11 | 30 | Buy | |
| 01/08/20 | CIMB | DBS | 26.05 | 28.29 | Add | |
| 01/08/20 | Kim Eng | DBS | 26.05 | 29.92 | Buy | |
| 01/14/20 | DMG & Partners | DBS | 26.1 | 25.8 | Neutral | GGM, PB1.28x FY20 |
Dasin Retail - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/15/19 | phillip | Dasin Retail | 0.885 | 0.95 | Accumulate | DDM |
| 02/28/19 | phillip | Dasin Retail | 0.885 | 0.94 | Accumulate | DDM, PB0.64x |
| 05/15/19 | phillip | Dasin Retail | 0.87 | 0.94 | Accumulate | DDM, PB0.6x |
| 06/19/19 | phillip | Dasin Retail | 0.88 | 0.94 | Accumulate | |
| 07/22/19 | phillip | Dasin Retail | 0.875 | 0.94 | Accumulate | |
| 08/16/19 | phillip | Dasin Retail | 0.87 | 0.94 | Accumulate | DDM, PB0.65x |
| 09/24/19 | phillip | Dasin Retail | 0.845 | 0.94 | Accumulate | |
| 10/18/19 | phillip | Dasin Retail | 0.845 | 0.94 | Accumulate | |
| 11/25/19 | phillip | Dasin Retail | 0.84 | 0.94 | Accumulate | |
| 11/27/19 | phillip | Dasin Retail | 0.84 | 0.88 | Accumulate | DDM, PB0.62x FY19 |
Stock calls for 22 January 2020
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/22/20 | Jefferies | CapitaCommercial | 2.13 | 2.3 | Buy | |
| 01/22/20 | Phillip | Ireit | 0.815 | 0.885 | Accumulate | DDM |
| 01/22/20 | CIMB | Keppel DC Reit | 2.25 | 2.03 | Hold | DDM |
| 01/22/20 | DBS Vickers | Keppel Infrastructure | 0.55 | 0.58 | Buy | DDM |
| 01/22/20 | DMG & Partners | Keppel Pacific | 0.765 | 0.88 | Buy | DDM |
| 01/22/20 | OCBC | Mapletree Industrial | 2.78 | 2.87 | Hold | |
| 01/22/20 | DBS Vickers | Mapletree Industrial | 2.78 | 3 | Buy | |
| 01/22/20 | DBS Vickers | Mapletree Logistics | 1.82 | 1.9 | Buy | DCF |
| 01/22/20 | CIMB | Mapletree Logistics | 1.82 | 1.56 | Hold | DDM |
| 01/22/20 | CIMB | Mapletree North Asia | 1.24 | 1.31 | Add | DDM |
| 01/22/20 | DBS Vickers | Mapletree North Asia | 1.24 | 1.35 | Buy | DCF |
| 01/22/20 | Lim & Tan | Parkway Life | 3.4 | 0 | Hold |
Dairy Farm - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/04/19 | DMG & Partners | Dairy Farm | 8.57 | 8.64 | Neutral | DCF |
| 03/04/19 | DBS Vickers | Dairy Farm | 8.57 | 8.44 | Hold | Sum of parts |
| 03/06/19 | CIMB | Dairy Farm | 8.33 | 8.54 | Hold | PER23.5x FY20 |
| 03/20/19 | DMG & Partners | Dairy Farm | 7.41 | 8.25 | Buy | DCF |
| 04/05/19 | DMG & Partners | Dairy Farm | 8.14 | 8.25 | Buy | |
| 05/30/19 | DMG & Partners | Dairy Farm | 7.83 | 8.25 | Neutral | DCF |
| 07/02/19 | DMG & Partners | Dairy Farm | 7.29 | 8.25 | Neutral | |
| 08/02/19 | DBS Vickers | Dairy Farm | 7.38 | 7.99 | Hold | Sum of parts |
| 08/05/19 | DMG & Partners | Dairy Farm | 7.6 | 7.38 | Neutral | DCF |
| 08/13/19 | CIMB | Dairy Farm | 6.98 | 7.29 | Hold | PER23x CY20 |
| 09/23/19 | DMG & Partners | Dairy Farm | 6.65 | 6.63 | Neutral | DCF |
| 11/29/19 | CIMB | Dairy Farm | 5.93 | 5.4 | Reduce | PER22x CY20 |
| 12/11/19 | DMG & Partners | Dairy Farm | 5.9 | 6.63 | Neutral |
CSE Global - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/04/19 | UOB Kay Hian | CSE Global | 0.385 | 0.59 | Buy | |
| 01/07/19 | DMG & Partners | CSE Global | 0.395 | 0.59 | Buy | DCF |
| 01/11/19 | Lim & Tan | CSE Global | 0.395 | 0 | Buy | |
| 01/15/19 | CIMB | CSE Global | 0.405 | 0.56 | Add | PER13.5x FY20 |
| 01/22/19 | Amfrasers | CSE Global | 0.43 | 0.57 | Buy | |
| 02/08/19 | UOB Kay Hian | CSE Global | 0.455 | 0.59 | Buy | |
| 02/22/19 | DMG & Partners | CSE Global | 0.465 | 0.6 | Buy | DCF |
| 02/22/19 | CIMB | CSE Global | 0.465 | 0.6 | Add | PER13.5x FY19 |
| 02/22/19 | UOB Kay Hian | CSE Global | 0.465 | 0.62 | Buy | |
| 03/05/19 | Amfrasers | CSE Global | 0.505 | 0.58 | Buy | |
| 03/26/19 | UOB Kay Hian | CSE Global | 0.54 | 0.62 | Buy | |
| 03/26/19 | DMG & Partners | CSE Global | 0.54 | 0.61 | Buy | DCF |
| 03/26/19 | CIMB | CSE Global | 0.54 | 0.6 | Add | |
| 04/02/19 | Lim & Tan | CSE Global | 0.545 | 0 | Buy | |
| 05/07/19 | DMG & Partners | CSE Global | 0.475 | 0.61 | Buy | DCF, PER13.7x FY19 |
| 05/07/19 | Lim & Tan | CSE Global | 0.475 | 0 | Buy | |
| 05/09/19 | UOB Kay Hian | CSE Global | 0.485 | 0.62 | Buy | |
| 05/21/19 | Amfrasers | CSE Global | 0.49 | 0.58 | Buy | Sum of parts, PER12.5x FY19, PB2.1x FY19 |
| 05/28/19 | CIMB | CSE Global | 0.475 | 0.6 | Add | |
| 06/06/19 | DMG & Partners | CSE Global | 0.48 | 0.61 | Buy | |
| 08/15/19 | Lim & Tan | CSE Global | 0.435 | 0 | Buy | |
| 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 | |
| 08/29/19 | CIMB | CSE Global | 0.425 | 0.6 | Add | PER13.5x FY20 |
| 09/03/19 | Lim & Tan | CSE Global | 0.44 | 0 | Buy | |
| 09/04/19 | UOB Kay Hian | CSE Global | 0.455 | 0.65 | Buy | PER15x FY19 |
| 09/04/19 | DMG & Partners | CSE Global | 0.455 | 0.69 | Buy | DCF, PER11.9x FY20 |
| 09/06/19 | DBS Vickers | CSE Global | 0.47 | 0.65 | Buy | PER12x FY20 |
| 09/09/19 | CIMB | CSE Global | 0.465 | 0.68 | Add | |
| 09/10/19 | Amfrasers | CSE Global | 0.46 | 0.64 | Outperform | Sum of parts, PER12x, PB2x |
| 10/02/19 | DMG & Partners | CSE Global | 0.46 | 0.69 | Buy | |
| 10/11/19 | UOB Kay Hian | CSE Global | 0.465 | 0.65 | Buy | |
| 10/31/19 | CIMB | CSE Global | 0.525 | 0.68 | Buy | |
| 11/01/19 | DMG & Partners | CSE Global | 0.525 | 0.69 | Buy | DCF |
| 11/07/19 | Lim & Tan | CSE Global | 0.54 | 0 | Buy | |
| 11/08/19 | UOB Kay Hian | CSE Global | 0.53 | 0.7 | Buy | |
| 11/08/19 | Amfrasers | CSE Global | 0.53 | 0.61 | Outperform | Sum of parts |
| 11/08/19 | DBS Vickers | CSE Global | 0.53 | 0.69 | Buy | PER12x FY20 |
| 11/25/19 | CIMB | CSE Global | 0.54 | 0.73 | Add | |
| 12/02/19 | Amfrasers | CSE Global | 0.525 | 0.61 | Outperform | Sum of parts |
| 12/09/19 | Lim & Tan | CSE Global | 0.525 | 0 | Buy | |
| 12/10/19 | DMG & Partners | CSE Global | 0.535 | 0.69 | buy | |
| 12/27/19 | CIMB | CSE Global | 0.545 | 0.73 | Add | |
| 01/08/20 | UOB Kay Hian | CSE Global | 0.56 | 0.7 | Buy | |
| 01/08/20 | DMG & Partners | CSE Global | 0.56 | 0.69 | Buy |
Subscribe to:
Posts (Atom)
.jpg)
