On a bright sunny day, I went to Lau Pa Sat to eat and to meet-up
with some old friends. After my meal, I walked past the nearby
SGX Supermarket, and heard some commotions inside the building,
so I sticked my head and ear in, and this is what I gathered
from the commotions:
Mr Goldman recently very active in judging our stocks, but most
have been CUT into pieces by him.
Jardine got downgraded to Neutral, and poor Wilmar and
Indofood Agri both got a hair-cut too. Wilmar's TP become
$4.90 and Indofood is only worth $2.40 to Mr Goldman.
DMG, from the same family of Mr DB, also cut the palm agri
stocks of First Resources and Indofood Agri. First Resources
TP is now $1 and Indo is $2.65
Mr Citi talked about the China Branded Sportwear and stated
that "The Stronger Will Prevail", but China Hongxing and
China Sports look not that strong as they both got downgraded.
China Hongxing become a Sell rating with TP at $0.35,
and China Sports got a Sell TP of $0.28.
Look like only LiNing is doing very well.
Long time no see and hear from Mr Cazenove, but he brought Good news to
Ventures when he upgraded it to Outperform. Well Done!
Mr UBS also brought good news to both Indofood Agri and Singapore Airline
with a upgrade report. Indofood become a Buy, and Singapore Airline become
a Buy too with TP at $20
-- Did you all hear the joke and rumour about UBS is now called
United Bank of Singapore, since our government is now
a substantial shareholder. By the way, our government is also
substantial shareholder of Stanchart which escape unharmed from
the Subprime issue, why don't we merge this 2 to become a
Giant??!!! Maybe I am just dreaming......
Search for your stock recommendation here:
Tuesday, September 9, 2008
Rumours overheard at SGX Supermarket!!!
Wednesday, September 3, 2008
Rumours overheard at SGX Fruit Market
I was looking for some food to eat when I saw lots of foreigner
rumour-monger gossiping near the fruit stall, so I just write
what I heard from the red-hair.
Brother Lehman has so many things not happy with our
Property stocks and Reits that he reduce them to Neutral,
but I can sense it is more like a "Sell".
Many property counters all went for a Haircut,
City Dev, Bukit Sembawang, SC Global and Keppel Land all down to Equalweight.
Big Shot Capitaland TP become $5.30 only.
2 Reits, Capitacommercial and K-Reit also went for haircut.
Capita TP become $1.9, and K-Reit is only worth $1.7 to Bro Leh.
- Come on SG prop counters, if you want to drop, better drop more
as then I can pick you up cheaply. The best if can SG property also
drop as much.
But seriously, do you think it is really possible??!!
I doubt so.....do you?
Jap Nomura also opened mouth and said that they like CDL Hospitality,
and its TP increase to $1.48 with a Outperform rating,
but they don't like C&O Pharm, and terrible C&O TP become
a mere $0.26 with a Neutral Hold.
Mr JPM don't like Kep Land, and here is what you get: TP reduced to $3.5
MS said Cosco deserve only an Equalweight call, so better wake up!
Macquarie from down-under don't like tech heavyweight Venture, and
the TP down to $15.50
-Look like Venture may need to venture out more, and I believe
it should be looking for M&A target, since it is the about-right way
to go now.
Seem like I need to visit more market and supermarket around
the neighbourhood as there are so many rumours and gossips
flying all around, and if you alert, it may mean a big windfall in disguise.
Crossing my fingers.......and tying up my hairs, as they are be
so naughty and unmanageable sometimes.
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