| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/21/19 | OCBC | Shangri-La Asia | 11.04 | 16.4 | Buy | |
| 03/22/19 | OCBC | Shangri-La Asia | 11.18 | 16.16 | Buy | |
| 08/26/19 | OCBC | Shangri-La Asia | 8.3 | 13.9 | Buy |
Friday, March 13, 2020
Shangri-La Asia - Stock calls
SGX - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/04/19 | phillip | SGX | 7.15 | 9.01 | Buy | |
| 01/25/19 | CIMB | SGX | 7.5 | 7.9 | Add | PER22.1x FY20 |
| 01/25/19 | DMG & Partners | SGX | 7.5 | 8.2 | Buy | PER22x FY20 |
| 01/28/19 | phillip | SGX | 7.57 | 8.36 | Buy | PER23.2x FY19 |
| 01/28/19 | OCBC | SGX | 7.57 | 7.98 | Buy | PER22x F19/20 |
| 02/22/19 | Citibank | SGX | 7.87 | 7.8 | Hold | |
| 03/12/19 | Citibank | SGX | 7.46 | 7 | Sell | |
| 03/12/19 | Credit Suisse | SGX | 7.46 | 6.6 | Underperform | |
| 03/14/19 | DBS Vickers | SGX | 7.26 | 7.05 | Hold | DDM, PER20x CY20 |
| 03/19/19 | phillip | SGX | 7.31 | 8.17 | Accumulate | PER23.2x |
| 04/05/19 | DMG & Partners | SGX | 7.42 | 8.1 | Buy | PER23x FY20 |
| 04/05/19 | Credit Suisse | SGX | 7.42 | 6.8 | Underperform | |
| 04/26/19 | OCBC | SGX | 7.26 | 7.6 | Hold | PER21x FY20 |
| 04/26/19 | DBS Vickers | SGX | 7.26 | 7.05 | Hold | DDM, PER20x FY20 |
| 04/26/19 | Kim Eng | SGX | 7.26 | 8.79 | Buy | PER23x FY19 |
| 04/29/19 | phillip | SGX | 7.4 | 8.09 | Accumulate | PER21.4x |
| 04/29/19 | CIMB | SGX | 7.4 | 7.9 | Add | PER22.1x FY20 |
| 06/28/19 | DBS Vickers | SGX | 7.95 | 7.05 | Hold | DDM, PER20x FY20 |
| 07/15/19 | phillip | SGX | 7.99 | 8.09 | Accumulate | PER21.4x |
| 07/15/19 | Credit Suisse | SGX | 7.99 | 7.1 | Underperform | |
| 08/01/19 | DMG & Partners | SGX | 7.92 | 8.1 | Neutral | PER23x FY20 |
| 08/01/19 | DBS Vickers | SGX | 7.92 | 8.3 | Buy | DDM |
| 08/02/19 | phillip | SGX | 7.78 | 8.09 | Accumulate | PER21x |
| 08/05/19 | CIMB | SGX | 7.98 | 8.1 | Hold | PER21.5x |
| 10/02/19 | phillip | SGX | 8.5 | 8.6 | Accumulate | PER22x |
| 10/02/19 | OCBC | SGX | 8.5 | 7.6 | Hold | |
| 10/09/19 | DMG & Partners | SGX | 8.4 | 8.1 | Neutral | PER23x FY20 |
| 10/09/19 | Credit Suisse | SGX | 8.4 | 7.2 | Underperform | |
| 10/25/19 | DMG & Partners | SGX | 8.28 | 8.3 | Neutral | PER23x FY20 |
| 10/25/19 | CIMB | SGX | 8.28 | 9 | Add | PER22.4x FY20 |
| 10/25/19 | OCBC | SGX | 8.28 | 8.6 | Hold | PER22x FY20 |
| 10/25/19 | DBS Vickers | SGX | 8.28 | 8.9 | Buy | DDM, PER21x FY20 |
| 11/25/19 | phillip | SGX | 8.97 | 8.6 | Neutral | PER22x |
| 11/25/19 | Credit Suisse | SGX | 8.97 | 7.7 | Underperform | |
| 01/02/20 | DMG & Partners | SGX | 8.86 | 8.8 | Neutral | PER23x FY21 |
| 01/24/20 | DBS Vickers | SGX | 8.82 | 9.6 | Buy | DDM, PER21x FY21 |
| 01/31/20 | phillip | SGX | 8.7 | 8.52 | Neutral | PER21.5x |
| 02/19/20 | Macquarie | SGX | 9.15 | 10 | Outperform | |
| 03/05/20 | Macquarie | SGX | 9.05 | 10 | Outperform | |
| 03/05/20 | CIMB | SGX | 9.05 | 9.4 | Add | |
| 03/13/20 | Credit Suisse | SGX | 8.69 | 8.7 | Neutral |
Stock calls for 13 March 2020
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/13/20 | Phillip | A-Reit | 3.15 | 3.31 | Accumulate | |
| 03/13/20 | Phillip | ART | 1 | 1.53 | Accumulate | |
| 03/13/20 | Phillip | CapitaCommercial | 1.83 | 2.18 | Neutral | |
| 03/13/20 | Phillip | Capitamall Trust | 2.25 | 1.7 | Accumulate | |
| 03/13/20 | Phillip | CapitaRetail China | 1.3 | 1.66 | Accumulate | |
| 03/13/20 | DMG & Partners | DBS | 20.2 | 21.5 | Neutral | GGM, PB1.09x FY20 |
| 03/13/20 | Phillip | Frasers Centrepoint Trust | 2.73 | 3.11 | Accumulate | |
| 03/13/20 | Phillip | Ireit | 0.715 | 0.89 | Accumulate | |
| 03/13/20 | Phillip | Keppel DC Reit | 2.14 | 2.06 | Accumulate | |
| 03/13/20 | Phillip | Mapletree Industrial | 2.77 | 2.03 | Neutral | |
| 03/13/20 | Credit Suisse | SGX | 8.69 | 8.7 | Neutral | |
| 03/13/20 | CIMB | SIA | 7.34 | 8 | Hold | PB0.86x |
| 03/13/20 | CIMB | Starhub | 1.43 | 1.8 | Add | DCF |
| 03/13/20 | DBS Vickers | Starhub | 1.43 | 1.72 | Buy | DCF |
US economic forecast in 2020 and the repercussion.
https://www.fxstreet.com/news/jp-morgan-forecasts-a-us-recession-for-2020-202003130315
JP Morgan forecasts US GDP to shrink to -2% in Q1 and -3% in Q2 respectively.
Goldman Sachs forecasts S&P 500 eps growth to shrink in Q1, Q2 & Q3.
However, the most important news is that covid-19 is 10x more lethal than US flu.
https://www.cnbc.com/2020/03/11/top-federal-health-official-says-coronavirus-outbreak-is-going-to-get-worse-in-the-us.html
Trump had stated that the US flu killed 37,000 people in the US in 2019. A top US health official has stated that covid-19 is 10x more lethal than the US flu. If covid-19 is 10x more lethal, that will mean this virus will kill 370,000 people in the US. This outbreak has just begun.
The US death toll is just 41 now as we speak. Therefore, there will be a lot more deaths to come.
JP Morgan forecasts US GDP to shrink to -2% in Q1 and -3% in Q2 respectively.
Goldman Sachs forecasts S&P 500 eps growth to shrink in Q1, Q2 & Q3.
However, the most important news is that covid-19 is 10x more lethal than US flu.
https://www.cnbc.com/2020/03/11/top-federal-health-official-says-coronavirus-outbreak-is-going-to-get-worse-in-the-us.html
Trump had stated that the US flu killed 37,000 people in the US in 2019. A top US health official has stated that covid-19 is 10x more lethal than the US flu. If covid-19 is 10x more lethal, that will mean this virus will kill 370,000 people in the US. This outbreak has just begun.
The US death toll is just 41 now as we speak. Therefore, there will be a lot more deaths to come.
Canadian PM's wife contracted covid-19.
https://www.channelnewsasia.com/news/world/coronavirus-canada-pm-trudeau-wife-sophie-positive-covid-19-12534098
I believe the Canadian PM will contract the virus from his wife because they live together.
The BIG question is when will Trump be tested positive for covid-19 because this news will rattle the stock markets as he is an old man.
Trump has a high chance of getting the virus because he attended a conference with an infected person before.
I believe the Canadian PM will contract the virus from his wife because they live together.
The BIG question is when will Trump be tested positive for covid-19 because this news will rattle the stock markets as he is an old man.
Trump has a high chance of getting the virus because he attended a conference with an infected person before.
Japan and Russia alleged that covid-19 originated in the US. - Part 3
https://www.chinadaily.com.cn/a/202003/12/WS5e6a15dfa31012821727e9d8.html
The CDC hearing has presented the truth in Japan and Russia's allegations.
The covid-19 virus was discovered in many corpses posthumously which were previously certified death by the US flu.
http://sg-stock.blogspot.com/2020/03/japan-and-russia-alleged-that-covid-19.html
The CDC hearing has presented the truth in Japan and Russia's allegations.
The covid-19 virus was discovered in many corpses posthumously which were previously certified death by the US flu.
http://sg-stock.blogspot.com/2020/03/japan-and-russia-alleged-that-covid-19.html
Let's recap:
1. Japan alleged that the virus originated in the US by analyzing big data.
2. China scientists traced covid-19 H38 to the US.
3. Russia alleged that the virus originated in the US.
4. The chronological events in 2019 also inferred that the US was involved.
5. CDC hearing acknowledged that covid-19 virus was found in corpses thought to have died from US flu.
This recession will be different from past financial recessions. Why?
This recession will be different from past financial recessions because this recession is caused by a pandemic instead of a financial blowout.
The governments have to deal with a virus outbreak and an ensuing economic crisis from the outbreak. Furthermore, we cannot find a pocket of growth in the world now compared to the past. Where is the area of growth?
Europe? Recession!
USA? Recession!
China? Recession!
ASEAN? Recession!
Middle East? Recession!
In the 2008 financial crisis, China pulled the world out of recession when the US housing crisis decimated the world.
In 2020, the pandemic decimates the world leaving no region unscathed. Furthermore, global debt has reached US$260T which is a record high. We cannot continue to pile up our debts without repercussions. The day of reckoning will come one day. Even if it doesn't come today, it will come tomorrow.
https://www.reuters.com/article/us-global-debt-iif/global-debt-shattering-records-iif-idUSKBN1ZC1VQ
Therefore, it will be much harder to pull the world out of recession this time.
The governments have to deal with a virus outbreak and an ensuing economic crisis from the outbreak. Furthermore, we cannot find a pocket of growth in the world now compared to the past. Where is the area of growth?
Europe? Recession!
USA? Recession!
China? Recession!
ASEAN? Recession!
Middle East? Recession!
In the 2008 financial crisis, China pulled the world out of recession when the US housing crisis decimated the world.
In 2020, the pandemic decimates the world leaving no region unscathed. Furthermore, global debt has reached US$260T which is a record high. We cannot continue to pile up our debts without repercussions. The day of reckoning will come one day. Even if it doesn't come today, it will come tomorrow.
https://www.reuters.com/article/us-global-debt-iif/global-debt-shattering-records-iif-idUSKBN1ZC1VQ
Therefore, it will be much harder to pull the world out of recession this time.
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