Date | Analyst | Company | Last | Target | Call | Valuation |
03/16/21 | Lim & Tan | GL Ltd | 0.8 | 1.16 | Accept Offer | Offer $0.80 |
03/16/21 | CIMB | Hongkong Land | 5.15 | 5.7 | Add | RNAV (45% discount), Up from $5.30 |
03/16/21 | DBS Vickers | SIA | 5.63 | 3.6 | Fully Valued | |
03/16/21 | UOB Kay Hian | UMS | 1.2 | 1.65 | Buy |
Tuesday, March 16, 2021
Stock calls for 16 March 2021
Global rate hikes are coming!
Some emerging markets, European countries, and Russia will be raising their interest rates in 2021. The biggest market mover will be China's rate hike but China has shown no such indication yet except that it is conducting monetary tightening now. All these rate hikes run counter to the US monetary policy of maintaining US rates till 2023.
After getting the US$1.9T stimulus bill passed, Biden will continue to pile up the US debts by proposing an infrastructure bill and a green energy bill that will cost trillions. Therefore, the US has to offer much higher interest rates for these trillion dollars propaganda since foreigners are losing their interests in US debts.
Monday, March 15, 2021
Is China really implementing monetary tightening?
Therefore, we can confirm that China has already started its monetary tightening as announced.
Bukit Sembawang - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/03/20 | Lim & Tan | Bukit Sembawang | 3.69 | 0 | Buy | |
10/16/20 | Lim & Tan | Bukit Sembawang | 3.55 | 0 | Buy | |
10/23/20 | DBS Vickers | Bukit Sembawang | 3.51 | 5.44 | Buy | RNAV (55% discount) |
11/11/20 | Lim & Tan | Bukit Sembawang | 3.66 | 0 | Buy | |
02/02/21 | Lim & Tan | Bukit Sembawang | 4.12 | 5.57 | Buy | RNAV |
BRC Asia - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/22/20 | UOB Kay Hian | BRC Asia | 1.15 | 1.52 | Buy | |
08/07/20 | CIMB | BRC Asia | 1.13 | 1.35 | Add | |
08/28/20 | Lim & Tan | BRC Asia | 1.12 | 1.25 | Hold | DCF |
11/30/20 | Lim & Tan | BRC Asia | 1.39 | 0 | Accumulate | |
12/01/20 | UOB Kay Hian | BRC Asia | 1.37 | 1.88 | Buy | |
12/03/20 | CIMB | BRC Asia | 1.4 | 1.9 | Add | |
02/05/21 | UOB Kay Hian | BRC Asia | 1.6 | 2 | Buy | |
02/08/21 | Lim & Tan | BRC Asia | 1.59 | 1.9 | Accumulate | |
02/22/21 | Phillip | BRC Asia | 1.59 | 1.87 | Buy | PER11x FY21 |
03/11/21 | CIMB | BRC Asia | 1.58 | 1.9 | Add | PB1.57x FY21 |
Boustead Projects - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/07/20 | Lim & Tan | Boustead Projects | 0.73 | 0 | Hold | |
07/15/20 | CIMB | Boustead Projects | 0.79 | 0.88 | Add | |
11/17/20 | CIMB | Boustead Projects | 0.8 | 0.95 | Add | RNAV (50% discount) |
01/04/21 | CIMB | Boustead Projects | 0.805 | 1.33 | Add | RNAV (30% discount) |
Stock calls for 15 March 2021
Date | Analyst | Company | Last | Target | Call | Valuation |
03/15/21 | Amfrasers | AEM | 3.86 | 5.05 | Outperform | PER14x FY21 |
03/15/21 | DBS Vickers | Bumitama | 0.475 | 0.66 | Buy | |
03/15/21 | CIMB | Dairy Farm | 4.51 | 5.4 | Add | PER22x FY22 |
03/15/21 | DBS Vickers | Dairy Farm | 4.51 | 5.02 | Buy | Sum of parts |
03/15/21 | DMG & Partners | Dairy Farm | 4.51 | 4.78 | Neutral | PER21x FY21 |
03/15/21 | DBS Vickers | First Resources | 1.44 | 1.83 | Buy | |
03/15/21 | Kim Eng | Frencken | 1.39 | 1.74 | Buy | PER14.5x FY21 |
03/15/21 | UOB Kay Hian | Koufu | 0.665 | 0.77 | Buy | |
03/15/21 | Lim & Tan | Oceanus | 0.036 | 0 | Caution | |
03/15/21 | CIMB | Sembcorp Industries | 1.82 | 1.97 | Add | PB1x CY21 |
03/15/21 | Kim Eng | UMS | 1.16 | 1.57 | Buy | PER15x FY21 |
03/15/21 | DMG & Partners | Wilmar | 5.34 | 6.3 | Buy | |
03/15/21 | DBS Vickers | Wilmar | 5.34 | 6.67 | Buy |
New lockdowns are coming in Europe!
https://sg.news.yahoo.com/third-covid-wave-sweeps-across-104529369.html
EU is contemplating new lockdowns now because of resurging covid infections which are probably due to the new variants.
We had already warned about the resurging infections last week!
The West is behind the Myanmar's protests again!
I've been observing Myanmar's situation and I will share my observations here.
Myanmar's generals did a military coup to wrestle control from Aung San Suu Kyi after suffering a major defeat in its election. Thereafter, huge protests manifested in Myanmar.
Then, the Myanmar junta leader sought advice from Thailand because the current Thailand PM had done a successful military coup before and continue to stay in power. The junta leader hoped that he could learn from the Thai's lesson too.
Instead of protesting outside Thailand's embassy, the Myanmarese protested outside China's embassy for supporting the junta leader. The Myanmarese ignored the fact that the Thai PM was providing advice to the junta leader and singled out China. This raised an alarming uncanny feeling in me as the Myanmarese are barking up the wrong tree.
Next, China, Russia, Vietnam and India vetoed a UN condemnation for Myanmar's military coup. However, only China was singled out again as a reprehensible member by the Western media.
https://sg.news.yahoo.com/child-screams-myanmar-china-pretends-073025346.html
It looks like whenever something happens, the west will label China as a heinous culprit. I think this has gone too far and too much. It's like whenever you have constipation, you can blame it on China too.
Sunday, March 14, 2021
The US is facing rising rates pressure in 2021. - Part 4
The 10-year yield (risk-free rate) had crossed 1.6% already.
If you want to know the proximate cause of the spike in bond yield, please read our previous post below.
http://sg-stock.blogspot.com/2021/02/the-us-is-facing-rising-rates-pressure.html
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