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Thursday, July 30, 2020
We've just added the following feature.
We've just added the following feature so that our viewers can receive updates whenever we have some new postings.
MAS has capped SG banks' dividend payout to 60% and this causes SG bank stocks to tank.
https://www.theedgesingapore.com/news/banking-finance/mas-calls-banks-cap-dividends-fy20-60-fy19
SG banks' share prices drop immediately after MAS's announcement. The share price reaction is totally expected and we're not saying this on hindsight as we've stated this before.
Why did MAS make such an announcement that would cause the share prices to drop and make investors lose money?
We had explained this before in April 2020. Please take a look and you will understand what's happening.
Latest Canadian court disclosure showed that Meng didn't deceive HSBC.
http://en.people.cn/n3/2020/0724/c90000-9714596.html
The latest Canadian court showed that HSBC set up Meng to get itself off the hook.
HSBC's internal email correspondences showed that HSBC was in full knowledge of the relationship between Huawei and the Iranian company. HSBC claimed that its junior executive didn't report the relationship to the top management but the junior executive was not that junior as he was the VP of the department. Whatever miscommunication happened between HSBC and its VP shouldn't be pinned on Huawei as the internal documents showed that Huawei didn't hide the relationship.
This disclosure is in Meng's favour now and it puts the Canadian authority in a bad light because it would mean the arrest was politically motivated.
The latest Canadian court showed that HSBC set up Meng to get itself off the hook.
HSBC's internal email correspondences showed that HSBC was in full knowledge of the relationship between Huawei and the Iranian company. HSBC claimed that its junior executive didn't report the relationship to the top management but the junior executive was not that junior as he was the VP of the department. Whatever miscommunication happened between HSBC and its VP shouldn't be pinned on Huawei as the internal documents showed that Huawei didn't hide the relationship.
This disclosure is in Meng's favour now and it puts the Canadian authority in a bad light because it would mean the arrest was politically motivated.
Wednesday, July 29, 2020
GSS Energy - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/20/19 | DMG & Partners | GSS Energy | 0.074 | 0.08 | Neutral | DCF |
10/08/19 | DMG & Partners | GSS Energy | 0.066 | 0.08 | Neutral | DCF |
Great Eastern - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
11/09/19 | Citibank | Great Eastern | 23.29 | 27.8 | Buy | |
02/21/20 | Citibank | Great Eastern | 22.15 | 27 | Buy | |
03/18/20 | Citibank | Great Eastern | 18.2 | 19.5 | Hold |
Grand Venture - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/19/19 | CIMB | Grand Venture | 0.22 | 0.22 | Hold | |
07/06/20 | CIMB | Grand Venture | 0.22 | 0.262 | Add |
Stock calls for 29 July 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
07/29/20 | Kim Eng | ARA Logistics | 0.635 | 0.8 | Buy | DDM |
07/29/20 | DMG & Partners | ARA Logistics | 0.635 | 0.72 | Buy | DDM |
07/29/20 | UOB Kay Hian | ART | 0.895 | 0.98 | Hold | DDM |
07/29/20 | Phillip | ART | 0.895 | 1.08 | Buy | |
07/29/20 | Kim Eng | ART | 0.895 | 1.05 | Buy | |
07/29/20 | CIMB | ART | 0.895 | 1.08 | Add | |
07/29/20 | DBS Vickers | Ascendas India Trust | 1.33 | 1.85 | Buy | DDM |
07/29/20 | DBS Vickers | Mapletree North Asia | 0.875 | 1.05 | Buy | |
07/29/20 | OCBC | Mapletree North Asia | 0.875 | 1.09 | Buy | |
07/29/20 | CIMB | Mapletree North Asia | 0.875 | 1.12 | Add | |
07/29/20 | Amfrasers | Mermaid | 0.07 | 0.085 | Neutral | Sum of parts |
07/29/20 | UOB Kay Hian | Parkway Life | 3.44 | 3.8 | Buy | DDM |
07/29/20 | Lim & Tan | Parkway Life | 3.44 | 0 | Hold | |
07/29/20 | phillip | Raffles Medical | 0.92 | 0.94 | Neutral | DCF |
07/29/20 | DBS Vickers | Singapore Post | 0.74 | 0.64 | Fully Valued | DCF, PER17x FY21 |
07/29/20 | DMG & Partners | ST Engineering | 3.31 | 3.9 | Buy | |
07/29/20 | CIMB | Starhill | 0.475 | 0.706 | Add | DDM |
07/29/20 | UOB Kay Hian | Top Glove | 8.65 | 11.97 | Buy | PER16x FY21, Ringgit target $36.90 |
The FED will remain status quo again!
I see no point in analyzing the Fed interest rate movement for now because the Fed has rejected a negative rate policy. Therefore, I will just use Fedwatch tool for now.
Fedwatch tool is indicating that there won't be any change to the Fed interest rate policy which is in sync with the previous Fed's pronouncement.
Fedwatch tool is indicating that there won't be any change to the Fed interest rate policy which is in sync with the previous Fed's pronouncement.
US national guards were sent to suppress peaceful protestors.
https://www.bbc.com/news/world-us-canada-53559501
US national guards were sent to suppress peaceful protestors. This is the kind of human rights that the US is propagating.
The international human rights group is missing again and keeping quiet about this excessive force being used by the US government.
US national guards were sent to suppress peaceful protestors. This is the kind of human rights that the US is propagating.
The international human rights group is missing again and keeping quiet about this excessive force being used by the US government.
Tuesday, July 28, 2020
The US repo market is dead which is exactly just how we've envisioned.
http://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us.html
We told you that the repo market would be wiped out when the US cut its rates to Zero. It had happened.
Repo Market Data:
22 July - Zero deal!
27 July - Zero deal!
Reverse Repo Market Data:
22 July - Zero deal!
23 July - Zero deal!
24 July - Zero deal!
27 July - Zero deal!
Like we said before, we're not always right but we're also seldom wrong. Therefore, when we tell you something, you better pay attention.
We told you that the repo market would be wiped out when the US cut its rates to Zero. It had happened.
Repo Market Data:
22 July - Zero deal!
23 July - Zero deal!
24 July - Zero deal!27 July - Zero deal!
Reverse Repo Market Data:
22 July - Zero deal!
23 July - Zero deal!
24 July - Zero deal!
27 July - Zero deal!
Like we said before, we're not always right but we're also seldom wrong. Therefore, when we tell you something, you better pay attention.
Golden Energy - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/04/19 | phillip | Golden Energy | 0.225 | 0.24 | Accumulate | |
08/23/19 | phillip | Golden Energy | 0.188 | 0.19 | Neutral | PER10x |
Golden Agri - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/16/19 | DMG & Partners | Golden Agri | 0.295 | 0.22 | Sell | Sum of parts |
08/19/19 | OCBC | Golden Agri | 0.29 | 0.27 | Sell | |
09/30/19 | DMG & Partners | Golden Agri | 0.23 | 0.25 | Neutral | Sum of parts |
10/15/19 | UOB Kay Hian | Golden Agri | 0.21 | 0.16 | Sell | PER13x FY20 |
11/14/19 | DMG & Partners | Golden Agri | 0.265 | 0.25 | Neutral | Sum of parts |
11/15/19 | OCBC | Golden Agri | 0.245 | 0.26 | Hold | |
11/22/19 | UOB Kay Hian | Golden Agri | 0.235 | 0.27 | Hold | |
11/22/19 | CIMB | Golden Agri | 0.235 | 0.23 | Reduce | Sum of parts (10% discount) |
01/20/20 | DMG & Partners | Golden Agri | 0.235 | 0.27 | Buy | Sum of parts |
03/02/20 | DMG & Partners | Golden Agri | 0.2 | 0.25 | Buy | Sum of parts |
03/02/20 | OCBC | Golden Agri | 0.2 | 0.22 | Hold | |
03/02/20 | UOB Kay Hian | Golden Agri | 0.2 | 0.22 | Hold | Buy @ $0.20 |
03/02/20 | CIMB | Golden Agri | 0.2 | 0.21 | Hold | Sum of parts (20% discount) |
03/24/20 | DMG & Partners | Golden Agri | 0.129 | 0.125 | Sell | Sum of parts, PER15x FY20 |
05/15/20 | DMG & Partners | Golden Agri | 0.146 | 0.12 | Sell | Sum of parts |
06/26/20 | DMG & Partners | Golden Agri | 0.15 | 0.13 | Sell | Sum of parts |
GL Ltd - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/19/20 | Lim & Tan | GL Ltd | 0.495 | 0.8 | Hold | |
07/28/20 | Lim & Tan | GL Ltd | 0.59 | 0.7 | Hold |
Stock calls for 28 July 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
07/28/20 | Lim & Tan | GL Ltd | 0.59 | 0.7 | Hold | |
07/28/20 | Kim Eng | Netlink | 0.965 | 1.08 | Buy | DDM |
07/28/20 | CIMB | OUE Commercial | 0.39 | 0.482 | Hold | |
07/28/20 | DMG & Partners | Raffles Medical | 0.92 | 0.91 | Neutral | DCF |
07/28/20 | UOB Kay Hian | Raffles Medical | 0.92 | 1.07 | Buy | DCF |
07/28/20 | CIMB | Raffles Medical | 0.92 | 0.96 | Hold | |
07/28/20 | Kim Eng | Raffles Medical | 0.92 | 0.99 | Hold | DCF |
07/28/20 | OCBC | Raffles Medical | 0.92 | 0.96 | Hold | |
07/28/20 | DBS Vickers | Raffles Medical | 0.92 | 0.95 | Hold | |
07/28/20 | Lim & Tan | Raffles Medical | 0.92 | 0 | Hold | |
07/28/20 | UOB Kay Hian | Singtel | 2.5 | 2.8 | Buy | DCF |
07/28/20 | Phillip | UG Healthcare | 1.75 | 2.7 | Buy | PER15x FY21 |
The USD is depreciating just as we've predicted.
The USD index chart is at a 2-year low!
The USD is depreciating just as we've predicted and everything has played out according to our analyses.
http://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us.html
What were our previous analyses?
1. We projected in August 2019 that there would be a US recession after March 2020. It happened.
http://sg-stock.blogspot.com/2019/08/a-billion-dollar-question-will-us-enter.html
2. Then, we predicted the subsequent US actions. They were:
a) Credit rating downgrades
b) FED was short of USD
c) US treasury was flushed with USD
All the predictions came true.
http://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us_11.html
The USD is depreciating just as we've predicted and everything has played out according to our analyses.
http://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us.html
What were our previous analyses?
1. We projected in August 2019 that there would be a US recession after March 2020. It happened.
http://sg-stock.blogspot.com/2019/08/a-billion-dollar-question-will-us-enter.html
2. Then, we predicted the subsequent US actions. They were:
a) Credit rating downgrades
b) FED was short of USD
c) US treasury was flushed with USD
All the predictions came true.
http://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us_11.html
The PM-Designate Heng doesn't have a strong mandate from Singaporeans. - Part 2
https://sg.yahoo.com/news/comment-cabinet-changes-show-singapores-political-succession-is-faltering-081150311.html
Look like we hit the nail on its head.
PM Lee seems to have doubts about PM-Designate Heng now because of the election result. If not, he would have said that his next successor would still be Heng.
We had stated previously that Heng didn't have a strong mandate from Singaporeans.
http://sg-stock.blogspot.com/2020/07/the-pm-designate-heng-doesnt-have.html
Look like we hit the nail on its head.
PM Lee seems to have doubts about PM-Designate Heng now because of the election result. If not, he would have said that his next successor would still be Heng.
We had stated previously that Heng didn't have a strong mandate from Singaporeans.
http://sg-stock.blogspot.com/2020/07/the-pm-designate-heng-doesnt-have.html
Monday, July 27, 2020
Geo Energy - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/04/19 | phillip | Geo Energy | 0.155 | 0.15 | Neutral | |
08/29/19 | Amfrasers | Geo Energy | 0.15 | 0.14 | Neutral | DCF |
09/24/19 | Amfrasers | Geo Energy | 0.148 | 0.14 | Neutral | DCF |
Genting - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/05/19 | DMG & Partners | Genting | 0.9 | 0.97 | Neutral | EV/Ebitda7x FY19 |
08/05/19 | UOB Kay Hian | Genting | 0.9 | 1.11 | Buy | |
08/06/19 | Kim Eng | Genting | 0.885 | 0.99 | Hold | |
08/06/19 | Citibank | Genting | 0.885 | 1.07 | Buy | |
08/06/19 | CIMB | Genting | 0.885 | 1 | Add | EV/Ebitda8x CY20 |
08/06/19 | DBS Vickers | Genting | 0.885 | 1.2 | Buy | |
08/06/19 | Lim & Tan | Genting | 0.885 | 0 | Hold | |
10/01/19 | DBS Vickers | Genting | 0.88 | 1.2 | Buy | |
10/11/19 | DMG & Partners | Genting | 0.9 | 0.97 | Neutral | |
10/25/19 | UOB Kay Hian | Genting | 0.925 | 1.11 | Buy | |
11/08/19 | Kim Eng | Genting | 0.96 | 0.99 | Hold | EV/Ebitda7x FY20 |
11/08/19 | DMG & Partners | Genting | 0.96 | 0.97 | Neutral | EV/Ebitda7x FY20 |
11/08/19 | UOB Kay Hian | Genting | 0.96 | 1.11 | Buy | |
12/11/19 | DMG & Partners | Genting | 0.915 | 0.97 | Neutral | |
01/14/20 | DBS Vickers | Genting | 0.92 | 1.2 | Buy | |
02/10/20 | DBS Vickers | Genting | 0.86 | 1.2 | Buy | |
02/11/20 | UOB Kay Hian | Genting | 0.85 | 0.95 | Buy | |
02/13/20 | Kim Eng | Genting | 0.875 | 0.99 | Buy | EV/Ebitda7x FY20 |
02/13/20 | DMG & Partners | Genting | 0.875 | 0.85 | Neutral | EV/Ebitda7x FY20 |
02/13/20 | CIMB | Genting | 0.875 | 1 | Add | EV/Ebitda8x CY21 |
02/13/20 | DBS Vickers | Genting | 0.875 | 1.1 | Buy | DCF |
03/18/20 | CIMB | Genting | 0.62 | 0.76 | Add | EV/Ebitda7x FY21 |
03/18/20 | Kim Eng | Genting | 0.62 | 0.84 | Buy | |
03/20/20 | DMG & Partners | Genting | 0.51 | 0.64 | Buy | EV/Ebitda6x FY20/21 |
03/20/20 | DBS Vickers | Genting | 0.51 | 0.8 | Buy | DCF & EV/Ebita6x FY20 |
04/06/20 | DBS Vickers | Genting | 0.65 | 0.81 | Buy | |
04/06/20 | UOB Kay Hian | Genting | 0.65 | 0.8 | Buy | EV/Ebitda8.9x FY20 |
05/04/20 | DBS Vickers | Genting | 0.785 | 0.75 | Hold | Sum of parts |
05/14/20 | Lim & Tan | Genting | 0.765 | 0 | Sell | |
05/14/20 | Kim Eng | Genting | 0.765 | 0.81 | Buy | DCF |
05/14/20 | CIMB | Genting | 0.765 | 0.76 | Add | EV/Ebitda7x FY21 |
05/15/20 | DMG & Partners | Genting | 0.73 | 0.64 | Take Profit | EV/Ebitda6x FY21 |
06/29/20 | Lim & Tan | Genting | 0.76 | 0 | Hold | |
07/01/20 | DMG & Partners | Genting | 0.76 | 0.73 | Neutral | EV/Ebitda6x FY21 |
07/02/20 | UOB Kay Hian | Genting | 0.765 | 0.8 | Hold | Buy @ $0.68 |
07/07/20 | CIMB | Genting | 0.78 | 0.84 | Add | |
07/23/20 | Kim Eng | Genting | 0.77 | 0.8 | Hold | DCF |
Fu Yu - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/09/19 | DMG & Partners | Fu Yu | 0.215 | 0.24 | Buy | DCF |
07/15/19 | UOB Kay Hian | Fu Yu | 0.215 | 0.29 | Buy | |
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 | |
09/11/19 | DMG & Partners | Fu Yu | 0.215 | 0.24 | Buy | |
09/16/19 | UOB Kay Hian | Fu Yu | 0.23 | 0.285 | Buy | EV/Ebitda5.7x FY19 |
10/02/19 | DMG & Partners | Fu Yu | 0.22 | 0.24 | Buy | DCF |
10/09/19 | UOB Kay Hian | Fu Yu | 0.225 | 0.285 | Buy | |
11/12/19 | UOB Kay Hian | Fu Yu | 0.225 | 0.285 | Buy | |
11/14/19 | DMG & Partners | Fu Yu | 0.225 | 0.24 | Buy | DCF |
11/14/19 | Lim & Tan | Fu Yu | 0.225 | 0 | Buy | |
11/29/19 | UOB Kay Hian | Fu Yu | 0.235 | 0.295 | Buy | |
12/10/19 | DMG & Partners | Fu Yu | 0.25 | 0.27 | Buy | DCF |
12/13/19 | Lim & Tan | Fu Yu | 0.25 | 0 | Buy | |
01/08/20 | DMG & Partners | Fu Yu | 0.255 | 0.27 | Buy | |
01/15/20 | DBS Vickers | Fu Yu | 0.25 | 0.35 | Buy | PER16x FY20 |
01/15/20 | DMG & Partners | Fu Yu | 0.25 | 0.29 | Buy | DCF |
02/26/20 | UOB Kay Hian | Fu Yu | 0.26 | 0.3 | Buy | |
02/26/20 | DBS Vickers | Fu Yu | 0.26 | 0.35 | Buy | PER11.8x FY20 |
02/27/20 | Lim & Tan | Fu Yu | 0.25 | 0 | Hold | |
02/28/20 | DMG & Partners | Fu Yu | 0.25 | 0.32 | Buy | DCF |
03/16/20 | DMG & Partners | Fu Yu | 0.2 | 0.32 | Buy | DCF |
04/01/20 | DBS Vickers | Fu Yu | 0.198 | 0.21 | Hold | |
04/06/20 | CIMB | Fu Yu | 0.196 | 0.21 | Add | |
04/07/20 | DMG & Partners | Fu Yu | 0.199 | 0.32 | Buy | |
04/13/20 | DMG & Partners | Fu Yu | 0.215 | 0.28 | Buy | DCF |
05/13/20 | DBS Vickers | Fu Yu | 0.22 | 0.21 | Hold | PER13.6x FY20 |
05/13/20 | Lim & Tan | Fu Yu | 0.22 | 0 | Buy on weakness | |
05/14/20 | CIMB | Fu Yu | 0.22 | 0.21 | Hold | |
05/15/20 | UOB Kay Hian | Fu Yu | 0.22 | 0.25 | Buy | PER12.4x FY20 |
06/16/20 | DMG & Partners | Fu Yu | 0.23 | 0.28 | Buy | DCF |
06/24/20 | Lim & Tan | Fu Yu | 0.24 | 0 | Buy | |
07/03/20 | DMG & Partners | Fu Yu | 0.235 | 0.28 | Buy |
Stock calls for 27 July 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
07/27/20 | Phillip | A-Reit | 3.48 | 3.63 | Accumlate | DDM |
07/27/20 | Kim Eng | AEM | 3.51 | 4.04 | Buy | PB4.8x FY20/21 |
07/27/20 | DMG & Partners | Bumitama | 0.495 | 0.6 | Buy | PER13x FY21 |
07/27/20 | Phillip | CapitaCommercial | 1.72 | 1.909 | Accumlate | DDM |
07/27/20 | UOB Kay Hian | Elite ComReit | 0.695 | 0.88 | Buy | DDM |
07/27/20 | DMG & Partners | First Resources | 1.39 | 1.45 | Neutral | PER14x FY21 |
07/27/20 | Phillip | Frasers Centrepoint Trust | 2.39 | 2.69 | Accumlate | DDM |
07/27/20 | UOB Kay Hian | Frasers Centrepoint Trust | 2.39 | 2.9 | Buy | DDM |
07/27/20 | DMG & Partners | Frasers Centrepoint Trust | 2.39 | 2.16 | Neutral | DDM |
07/27/20 | CIMB | Frasers Centrepoint Trust | 2.39 | 2.78 | Add | |
07/27/20 | Kim Eng | Frasers Centrepoint Trust | 2.39 | 2.45 | Hold | |
07/27/20 | Lim & Tan | Keppel Corp | 5.71 | 0 | Buy on weakness | |
07/27/20 | UOB Kay Hian | Mapletree Commercial | 1.88 | 2.35 | Buy | |
07/27/20 | Kim Eng | Mapletree Industrial | 3.16 | 3.3 | Buy | |
07/27/20 | Lim & Tan | OUE Commercial | 0.395 | 0 | Buy on weakness | |
07/27/20 | OCBC | Suntec Reit | 1.39 | 1.57 | Buy |
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