Cromwell Reit (EUR) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/09/20	DBS Vickers	Cromwell Reit (EUR)	0.36	0.59	Buy

Comfortdelgro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/04/20	DMG & Partners	Comfortdelgro	2.13	2.38	Neutral	DCF
02/06/20	DBS Vickers	Comfortdelgro	2.14	2.45	Buy	DCF, PER18.1x FY20
02/06/20	CIMB	Comfortdelgro	2.14	2.09	Hold
02/17/20	DMG & Partners	Comfortdelgro	2.18	2.25	Neutral	DCF, PER18x FY20
02/17/20	UOB Kay Hian	Comfortdelgro	2.18	2.15	Hold	Buy @ $1.95
02/17/20	DBS Vickers	Comfortdelgro	2.18	2.26	Hold	DCF & PER17.7x FY20
02/17/20	CIMB	Comfortdelgro	2.18	2.08	Hold	Buy @ $1.88
02/19/20	phillip	Comfortdelgro	2.09	2.2	Accumulate	DCF
02/24/20	Amfrasers	Comfortdelgro	2.02	2.28	Outperform	PER17.5x FY20
03/10/20	Amfrasers	Comfortdelgro	1.81	2.28	Outperform	PER17.5x FY20
03/31/20	DBS Vickers	Comfortdelgro	1.48	1.55	Hold	PER15x FY20
03/31/20	CIMB	Comfortdelgro	1.48	1.55	Hold
04/02/20	DMG & Partners	Comfortdelgro	1.47	1.54	Neutral	DCF
04/27/20	OCBC	Comfortdelgro	1.43	1.75	Buy
05/18/20	Kim Eng	Comfortdelgro	1.46	1.99	Buy	DCF
05/20/20	UOB Kay Hian	Comfortdelgro	1.56	1.82	Buy	PER16.7x FY21
05/26/20	phillip	Comfortdelgro	1.54	1.5	Neutral	DCF
05/26/20	DMG & Partners	Comfortdelgro	1.54	1.45	Neutral	DCF
05/26/20	DBS Vickers	Comfortdelgro	1.54	1.5	Hold	PER15x FY20/21
05/26/20	Lim & Tan	Comfortdelgro	1.54	0	Hold
05/26/20	Kim Eng	Comfortdelgro	1.54	1.98	Buy	DCF
05/26/20	CIMB	Comfortdelgro	1.54	1.5	Hold
06/01/20	DBS Vickers	Comfortdelgro	1.44	1.68	Buy	PER16.8x FY20/21
06/02/20	DMG & Partners	Comfortdelgro	1.43	1.65	Buy	DCF, PER15.5x FY21
06/29/20	Kim Eng	Comfortdelgro	1.52	1.98	Buy	DCF
06/29/20	Lim & Tan	Comfortdelgro	1.52	0	Hold
07/01/20	CIMB	Comfortdelgro	1.45	1.46	Hold	PER13.1x FY21
07/02/20	DMG & Partners	Comfortdelgro	1.48	1.65	Buy	DCF, PER16x FY21
07/03/20	DBS Vickers	Comfortdelgro	1.47	1.68	Buy
08/06/20	DMG & Partners	Comfortdelgro	1.39	1.65	Buy	DCF
08/07/20	DBS Vickers	Comfortdelgro	1.39	1.68	Buy
08/17/20	phillip	Comfortdelgro	1.39	1.65	Accumulate	DCF
08/17/20	UOB Kay Hian	Comfortdelgro	1.39	1.78	Buy	PER17.2x FY21
08/17/20	DBS Vickers	Comfortdelgro	1.39	1.63	Buy	PER15x FY21
08/17/20	DMG & Partners	Comfortdelgro	1.39	1.55	Buy	DCF, PER17.6x FY21
08/17/20	CIMB	Comfortdelgro	1.39	1.4	Hold
08/17/20	Kim Eng	Comfortdelgro	1.39	1.76	Buy	DCF
08/19/20	Lim & Tan	Comfortdelgro	1.41	0	Accumulate
08/27/20	Amfrasers	Comfortdelgro	1.46	1.63	Outperform
09/01/20	Kim Eng	Comfortdelgro	1.48	1.76	Buy	DCF
09/04/20	DBS Vickers	Comfortdelgro	1.51	1.96	Buy	PB1.6x FY21
09/21/20	CIMB	Comfortdelgro	1.48	1.7	Add	PER15.6x FY21
09/22/20	Macquarie	Comfortdelgro	1.46	1.51	Neutral	PER15x FY21
09/22/20	UOB Kay Hian	Comfortdelgro	1.46	1.78	Buy
10/05/20	phillip	Comfortdelgro	1.42	1.65	Accumulate
10/07/20	DMG & Partners	Comfortdelgro	1.44	1.7	Buy	DCF
11/05/20	DMG & Partners	Comfortdelgro	1.39	1.7	Buy	PER17.7x FY21
11/12/20	DBS Vickers	Comfortdelgro	1.49	1.96	Buy	PB1.6x FY21
11/13/20	CIMB	Comfortdelgro	1.5	1.7	Add
11/13/20	Kim Eng	Comfortdelgro	1.5	1.76	Buy	DCF
11/13/20	UOB Kay Hian	Comfortdelgro	1.5	1.78	Buy
11/16/20	phillip	Comfortdelgro	1.54	1.83	Buy	DCF
11/24/20	OCBC	Comfortdelgro	1.65	2	Buy
12/07/20	DMG & Partners	Comfortdelgro	1.64	1.9	Buy	PER19x FY21

Clearbridge - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
02/06/20	Tayrona	Clearbridge	0.139	0.41	Overweight
03/10/20	phillip	Clearbridge	0.116	0.26	Buy	DCF
08/31/20	phillip	Clearbridge	0.171	0.26	Buy	DCF

City Developments - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/20	DBS Vickers	City Developments	10.95	13	Buy	RNAV (18% discount), PB1.08x FY2020
02/26/20	OCBC	City Developments	10.66	12.02	Buy
02/27/20	CIMB	City Developments	10.37	12.09	Add
02/27/20	OCBC	City Developments	10.37	12.01	Buy	RNAV (35% discount)
02/27/20	DBS Vickers	City Developments	10.37	13	Buy	RNAV (18% discount), PB1.08x FY2020
02/28/20	UOB Kay Hian	City Developments	10.17	12.5	Buy
03/03/20	phillip	City Developments	9.74	11.89	Buy	RNAV (30% discount), PB0.98x FY20
05/13/20	UOB Kay Hian	City Developments	7.96	9.5	Buy
05/14/20	CIMB	City Developments	7.65	10.13	Add
05/28/20	Lim & Tan	City Developments	7.68	11.2	Buy
05/29/20	DMG & Partners	City Developments	7.67	9.5	Buy	RNAV (45% discount)
06/26/20	Morgan Stanley	City Developments	8.32	10.5	Overweight
07/13/20	OCBC	City Developments	8.73	12.01	Buy
07/14/20	DMG & Partners	City Developments	8.37	9.5	Buy
07/15/20	OCBC	City Developments	8.27	10.74	Buy
07/30/20	DBS Vickers	City Developments	8.28	13	Buy
08/06/20	DBS Vickers	City Developments	8.3	10.5	Buy	RNAV (25% discount), PB0.9x
08/13/20	Lim & Tan	City Developments	8.34	0	Buy on weakness
08/14/20	OCBC	City Developments	8.46	10.64	Buy
08/14/20	CIMB	City Developments	8.46	10.1	Add
08/14/20	DMG & Partners	City Developments	8.46	9.5	Buy	RNAV (45% discount)
08/14/20	UOB Kay Hian	City Developments	8.46	9.2	Buy
08/25/20	phillip	City Developments	8	10.68	Buy	RNAV (30% discount)
09/15/20	Lim & Tan	City Developments	7.98	0	Buy
09/16/20	CIMB	City Developments	7.96	10.1	Add
10/16/20	CIMB	City Developments	7.67	10.1	Add
10/23/20	OCBC	City Developments	7	9.65	Buy
11/30/20	Macquarie	City Developments	7.87	8.2	Neutral
12/01/20	UOB Kay Hian	City Developments	7.8	9.2	Buy
12/01/20	Lim & Tan	City Developments	7.8	0	Accumulate
12/04/20	CIMB	City Developments	7.72	10.1	Add

China Sunsine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/06/20	CIMB	China Sunsine	0.28	0.38	Add	After stock split (1 into 2)
04/06/20	Amfrasers	China Sunsine	0.28	0.6	Outperform
08/14/20	CIMB	China Sunsine	0.32	0.38	Add
08/19/20	Amfrasers	China Sunsine	0.345	0.47	Outperform	DCF
09/16/20	UOB Kay Hian	China Sunsine	0.355	0.31	Sell	EV/Ebitda
10/09/20	CIMB	China Sunsine	0.34	0.42	Add
10/19/20	UOB Kay Hian	China Sunsine	0.395	0.48	Buy	PER8x FY21
11/18/20	CIMB	China Sunsine	0.47	0.55	Add
11/18/20	UOB Kay Hian	China Sunsine	0.47	0.58	Buy

Fu Yu - Stock calls

 

Baltic dry index - 1366

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 805

Related stock: Keppe corp, Sembcorp Marine & Cosco.

China will surpass the US GDP in 2028 and exceed the combined GDP of the US & Japan by 2035. - Part 2

https://www.asiaone.com/money/china-leapfrog-us-worlds-biggest-economy-2028-think-tank

CEBR has just released its economic assessment after JCER.

Both non-profit entities stated that China would overtake the US in 2028.

http://sg-stock.blogspot.com/2020/12/china-will-surpass-us-gdp-in-2028-and.html

Malaysia has given SG a "great" Christmas gift by terminating the SG-KL HSR.

https://www.theedgemarkets.com/article/malaysia-go-it-alone-hsr-project-pay-rm300m-compensation-singapore-%E2%80%94-source

Malaysia has terminated SG-KL HSR by paying a discounted penalty of RM$300m.  It was supposed to be RM$500m penalty as stated in the termination clause.

http://sg-stock.blogspot.com/2018/06/the-kl-sg-hsr-is-terminated-officially.html

Either SG is incompetent to collect the RM$500m penalty or Malaysia is too brilliant to get a discount from SG.  In other words, SG has given RM$200m to Malaysia as a Christmas gift.

China Everbright - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/29/20	DBS Vickers	China Everbright	0.199	0.49	Buy	PER7x
08/14/20	DBS Vickers	China Everbright	0.235	0.33	Buy

China Aviation Oil - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/21/20	DMG & Partners	China Aviation Oil	1.28	1.55	Buy
02/27/20	CIMB	China Aviation Oil	1.16	1.25	Hold	PER8.5x FY21
02/28/20	DBS Vickers	China Aviation Oil	1.16	1.65	Buy	PER10x FY20
03/12/20	DMG & Partners	China Aviation Oil	0.965	1.3	Buy	Sum of parts
04/22/20	DMG & Partners	China Aviation Oil	1.02	1.3	Buy	Sum of parts
04/23/20	DMG & Partners	China Aviation Oil	1.02	1.25	Buy	Sum of parts, PB0.9x
05/12/20	DMG & Partners	China Aviation Oil	1.02	1.25	Buy	Sum of parts, PER2.6x FY21 (ex-cash)
06/12/20	DMG & Partners	China Aviation Oil	1.14	1.25	Buy	PB0.9x, PER3.5x FY21 (ex-cash)
07/06/20	DMG & Partners	China Aviation Oil	1.02	1.25	Buy	Sum of parts
08/13/20	DMG & Partners	China Aviation Oil	0.93	0.95	Neutral	Sum of parts
08/25/20	DBS Vickers	China Aviation Oil	0.865	1.2	Buy	PER11x FY20/21
09/07/20	DBS Vickers	China Aviation Oil	0.94	1.2	Buy
09/30/20	DMG & Partners	China Aviation Oil	0.895	1.05	Buy
10/13/20	DBS Vickers	China Aviation Oil	1	1.2	Buy
10/14/20	DMG & Partners	China Aviation Oil	1	1.15	Buy
11/03/20	DBS Vickers	China Aviation Oil	0.92	1.2	Buy
12/02/20	DMG & Partners	China Aviation Oil	1.08	1.25	Buy

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/20	CIMB	Centurion	0.44	0.61	Add	DCF
03/02/20	DMG & Partners	Centurion	0.445	0.49	Neutral	DCF
03/02/20	DBS Vickers	Centurion	0.445	0.53	Buy	DCF
03/18/20	CIMB	Centurion	0.39	0.58	Add	DCF
03/30/20	DBS Vickers	Centurion	0.395	0.41	Hold	DCF
04/13/20	CIMB	Centurion	0.385	0.58	Add
04/22/20	DBS Vickers	Centurion	0.38	0.41	Hold	DCF
04/29/20	DMG & Partners	Centurion	0.385	0.41	Neutral	DCF
05/18/20	DBS Vickers	Centurion	0.375	0.42	Hold	DCF
08/13/20	DBS Vickers	Centurion	0.355	0.39	Hold	DCF
08/20/20	CIMB	Centurion	0.37	0.4	Add
09/03/20	CIMB	Centurion	0.35	0.4	Add	DCF
10/19/20	UOB Kay Hian	Centurion	0.34	0.44	Buy	DCF

Stock calls for 24 December 2020

 

CDL Hospitality - Stock calls

 

CapitaRetail China - Stock calls

 

Capitaland Integrated Commercial Trust - Stock calls

 

Stock calls for 23 December 2020

 

Capitaland - Stock calls

 

Capitacommercial - Stock calls

 

Bumitama - Stock calls

 

Stock calls for 22 December 2020

 

Bukit Sembawang - Stock calls

 

Breadtalk - Stock calls

 

BRC Asia - Stock calls

 

Stock calls for 21 December 2020

 

China will surpass the US GDP in 2028 and exceed the combined GDP of the US & Japan by 2035.

http://www.dailynews.lk/2020/12/15/finance/236090/china-overtake-us-economy-2028-29-covid%E2%80%99s-wake-jcer

China will surpass the US GDP in 2028 and exceed the combined GDP of the US & Japan by 2035.  Therefore, we need to engage China in international trades and ride on the prosperity of China to boost our own economic growth.

Baltic dry index - 1325

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 813

 Related stock: Keppel Corp, Sembcorp Marine & Cosco.

Boustead Projects - Stock calls

 

Boustead - Stock calls

 

Avi-Tech - Stock calls

 

Stock calls for 18 December 2020

 

Singapore's Nodx declined 4.9% in November 2020.

https://www.channelnewsasia.com/news/business/singapore-nodx-falls-4-9-in-november-non-electronics-13789058

Year on year changes (YOY):

November 2020: -4.9%

October 2020: -3.1%

September 2020: 5.9%

August 2020: 7.7%

July 2020: 6%

June 2020: 16.1% (Revised to 13.9%)

May 2020: -4.6%

April 2020: 9.7%

March 2020: 17.6%

February 2020: 3% (Revised to 3.1%)

January 2020: - 3.3%

December 2019: 2.4%

November 2019: - 5.9%

October 2019: - 12.3%

September 2019: -8.1%

August 2019: - 8.9%

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%

Avarga - Stock calls

 

Asian Healthcare - Stock calls

 

Ascendas India Trust - Stock calls

 

Stock calls for 17 December 2020

 

Australia is just trying to act tough against China by putting up a farcical show.

https://sg.finance.yahoo.com/news/australia-ups-ante-china-trade-045502100.html

The Aussie is just putting up a show because the WTO appeal court has already shut down.

The appeal court is closed temporarily because it doesn't have at least 3 judges to preside over a case now.

Does the Aussie know this? Yes!  However, it still files an appeal despite knowing that the appeal court cannot accept the case.

Why does Australia do this then? It is just trying to act tough against China with a farcical show.

Ascott Residential Trust (ART) - Stock calls

 

ARA Logistics - Stock calls

 

ARA Hospitality - Stock calls

 

Stock calls for 16 December 2020

 

APTV - Stock calls

 

APAC Realty - Stock calls