Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/21 | DBS Vickers | UOB | 22.59 | 24.8 | Buy | |
01/04/21 | CIMB | UOB | 22.59 | 27.72 | Add | |
01/06/21 | phillip | UOB | 22.57 | 21.1 | Neutral | |
01/12/21 | OCBC | UOB | 23.79 | 26.3 | Buy | GGM, PB1.2x |
01/25/21 | Macquarie | UOB | 23.7 | 26.25 | Outperform | |
01/27/21 | DBS Vickers | UOB | 23.33 | 26.8 | Buy | GGM, PB1.04x FY21 |
01/27/21 | Kim Eng | UOB | 23.33 | 25.57 | Hold | |
02/02/21 | Macquarie | UOB | 23.55 | 26.6 | Outperform | |
02/04/21 | phillip | UOB | 23.52 | 21.1 | Neutral | |
02/17/21 | DMG & Partners | UOB | 24.02 | 21 | Neutral | |
02/25/21 | DBS Vickers | UOB | 23.88 | 26.8 | Buy | GGM, PB1.04x FY21 |
02/25/21 | Lim & Tan | UOB | 23.88 | 0 | Accumulate | |
02/26/21 | Macquarie | UOB | 24.64 | 26.6 | Outperform | |
02/26/21 | DBS Vickers | UOB | 24.64 | 27.6 | Buy | |
02/26/21 | Kim Eng | UOB | 24.64 | 26.24 | Hold | |
02/26/21 | CIMB | UOB | 24.64 | 27.72 | Add | GGM |
02/26/21 | Jefferies | UOB | 24.64 | 28.5 | Buy | |
03/01/21 | OCBC | UOB | 24.62 | 27.3 | Buy | |
03/01/21 | DMG & Partners | UOB | 24.62 | 26.4 | Neutral | GGM, PB1.05x |
03/03/21 | phillip | UOB | 24.99 | 28.7 | Accumulate | PB1.17x |
04/01/21 | CIMB | UOB | 25.83 | 27.72 | Add | |
04/01/21 | DBS Vickers | UOB | 25.83 | 27.6 | Buy | |
04/05/21 | phillip | UOB | 25.8 | 28.7 | Accumulate | |
04/20/21 | DBS Vickers | UOB | 26.23 | 29.2 | Buy | GGM, PB1.1x FY22 |
04/22/21 | Macquarie | UOB | 25.79 | 29 | Outperform | |
04/22/21 | Jefferies | UOB | 25.79 | 29.5 | Buy | |
05/06/21 | OCBC | UOB | 26.3 | 29 | Buy | PB |
05/06/21 | Lim & Tan | UOB | 26.3 | 0 | Accumulate | |
05/07/21 | phillip | UOB | 26.03 | 28.7 | Accumulate | GGM, PB1.17x FY21 |
05/07/21 | Kim Eng | UOB | 26.03 | 29.34 | Buy | |
05/07/21 | DMG & Partners | UOB | 26.03 | 30.2 | Buy | |
05/07/21 | CIMB | UOB | 26.03 | 28.84 | Add | |
05/12/21 | Macquarie | UOB | 26.18 | 30 | Outperform | |
06/02/21 | DBS Vickers | UOB | 26.31 | 29.2 | Buy | GGM, PB1.1x FY22 |
06/07/21 | phillip | UOB | 26.1 | 28.7 | Accumulate | |
06/07/21 | Kim Eng | UOB | 26.1 | 29.34 | Buy | |
06/29/21 | CIMB | UOB | 25.75 | 28.84 | Add | |
07/05/21 | Macquarie | UOB | 25.85 | 30 | Outperform | |
07/09/21 | phillip | UOB | 25.58 | 28.7 | Accumulate | |
07/23/21 | DBS Vickers | UOB | 25.92 | 29.2 | Buy | PB |
07/29/21 | CIMB | UOB | 25.92 | 28.84 | Add | |
08/04/21 | DBS Vickers | UOB | 25.85 | 29.2 | Buy | GGM, PB1.1x FY22 |
08/04/21 | Lim & Tan | UOB | 25.85 | 30 | Buy | |
08/05/21 | phillip | UOB | 26.31 | 29 | Accumulate | GGM, PB1.17x FY21 |
08/05/21 | Kim Eng | UOB | 26.31 | 29.34 | Buy | |
08/06/21 | Macquarie | UOB | 26.49 | 30 | Outperform | |
08/06/21 | DMG & Partners | UOB | 26.49 | 30.2 | Buy | |
08/06/21 | CIMB | UOB | 26.49 | 29 | Add | |
08/06/21 | OCBC | UOB | 26.49 | 30.5 | Buy | GGM, PB1.32x |
09/01/21 | CIMB | UOB | 25.58 | 29 | Add | |
09/02/21 | Macquarie | UOB | 25.65 | 31.8 | Outperform | PB |
09/16/21 | DMG & Partners | UOB | 25.6 | 30.2 | Buy | |
10/01/21 | DBS Vickers | UOB | 25.85 | 29.2 | Buy | |
10/20/21 | Macquarie | UOB | 26.77 | 33.5 | Outperform | |
10/20/21 | Kim Eng | UOB | 26.77 | 29.34 | Buy | |
10/22/21 | DMG & Partners | UOB | 26.8 | 30.2 | Buy | |
11/03/21 | Macquarie | UOB | 27.39 | 33.5 | Outperform | PB |
11/03/21 | DBS Vickers | UOB | 27.39 | 29.2 | Buy | GGM, PB1.1x FY22 |
11/03/21 | Lim & Tan | UOB | 27.39 | 0 | Accumulate | |
11/05/21 | phillip | UOB | 27.2 | 29 | Accumulate | GGM, PB1.17x FY21 |
11/05/21 | Kim Eng | UOB | 27.2 | 31.15 | Buy | DDM |
11/08/21 | Macquarie | UOB | 27.58 | 33 | Outperform | PB |
11/08/21 | Jefferies | UOB | 27.58 | 32.5 | Buy | |
11/10/21 | DBS Vickers | UOB | 27.9 | 31 | Buy | GGM, PB1.2x FY22 |
11/10/21 | DMG & Partners | UOB | 27.9 | 33.5 | Buy | GGM, PB1.2x |
11/10/21 | CIMB | UOB | 27.9 | 30.3 | Add | |
12/01/21 | DBS Vickers | UOB | 25.47 | 31 | Buy | |
12/03/21 | Macquarie | UOB | 26.2 | 33 | Outperform | PB |
01/10/22 | Macquarie | UOB | 28.29 | 33 | Outperform | PB |
01/10/22 | Jefferies | UOB | 28.29 | 33 | Buy | |
01/11/22 | DMG & Partners | UOB | 29.16 | 33.5 | Buy | GGM, PB1.2x FY22 |
01/12/22 | Kim Eng | UOB | 29.33 | 31.15 | Buy | |
01/14/22 | OCBC | UOB | 29.18 | 34.8 | Buy | |
01/17/22 | phillip | UOB | 29.93 | 31.3 | Buy | GGM, PB1.26x FY21 |
01/17/22 | DBS Vickers | UOB | 29.93 | 34.2 | Buy | GGM, PB1.3x FY22 |
01/17/22 | Jefferies | UOB | 29.93 | 33.5 | Buy | |
01/17/22 | CIMB | UOB | 29.93 | 33.5 | Add | |
01/18/22 | Lim & Tan | UOB | 30.18 | 0 | Accumulate | |
02/09/22 | phillip | UOB | 32.65 | 31.3 | Accumulate |
Monday, February 14, 2022
UOB - Stock calls
Unusual - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/23/21 | DMG & Partners | Unusual | 0.138 | 0.14 | Neutral | Cut from $0.16 |
Stock calls for 14 February 2022
Date | Analyst | Company | Last | Target | Call | Valuation |
02/14/22 | Phillip | BRC Asia | 1.68 | 1.84 | Buy | PER11x FY22 |
02/14/22 | CIMB | DBS | 37.25 | 39.2 | Add | GGM |
02/14/22 | UOB Kay Hian | Digicore Reit | 1.16 | 1.32 | Buy | DDM |
02/14/22 | Lim & Tan | Grand Bank | 0.305 | 0 | Accumulate on weakness | |
02/14/22 | Amfrasers | Grand Venture | 1.1 | 1.37 | Buy | |
02/14/22 | UOB Kay Hian | MM2 Asia | 0.05 | 0.115 | Buy | Sum of parts |
02/14/22 | Amfrasers | Rex | 0.39 | 0.5 | Outperform | |
02/14/22 | phillip | SGX | 9.75 | 10.78 | Neutral | PER25x FY22 |
02/14/22 | UOB Kay Hian | Singtel | 2.55 | 2.75 | Buy | DCF |
02/14/22 | Lim & Tan | Spindex | 1.31 | 0 | Accumulate | |
02/14/22 | UOB Kay Hian | Starhub | 1.33 | 1.3 | Hold | DCF |
02/14/22 | Phillip | Starhub | 1.33 | 1.35 | Neutral | EV/Ebitda8x FY22 |
02/14/22 | DBS Vickers | Starhub | 1.33 | 1.31 | Hold | DCF |
02/14/22 | Kim Eng | Starhub | 1.33 | 1.45 | Hold |
Sunday, February 13, 2022
mRNA vaccine booster efficacy can only last 4 months.
US consumer sentiment fell further!
The fall in US consumer sentiment will translate into weaker consumer spending in the future because consumers will rein in their spending when they don't feel confident about the future. This doesn't bode well for the US because consumer spending constitutes 70% of US GDP.
Friday, February 11, 2022
How high should be the FED fund rate be given the present inflation and economic condition?
Based on the current inflation and economic condition, the Taylor Rule estimate is projecting that the Fed fund rate should be at 11% instead of the current 0-0.25% range.
This shows that the FED is way behind the inflation curve and it has to ramp up the interest rate in an aggressive manner.
However, the economic condition is deteriorating in 2022 as stated by the Citi economic surprise index because the real economic situation is underperforming. The current Citi economic surprise index is in the negative value now (10 Feb 2022). Please click below for the explanation.
http://sg-stock.blogspot.com/2021/12/how-likely-is-us-fed-behind-inflation.html
This doesn't bode well for the US as increasing the FED rate aggressively in an economic downturn is a perfect recipe for a major disaster (financial crisis).
United Hampshire - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/11/21 | UOB Kay Hian | United Hampshire | 0.645 | 0.92 | Buy | |
03/02/21 | UOB Kay Hian | United Hampshire | 0.67 | 0.95 | Buy | |
05/17/21 | UOB Kay Hian | United Hampshire | 0.69 | 0.95 | Buy | |
10/06/21 | Lim & Tan | United Hampshire | 0.665 | 0.87 | Buy | DDM |
10/08/21 | HSBC | United Hampshire | 0.68 | 0.85 | Buy | |
01/12/22 | UOB Kay Hian | United Hampshire | 0.66 | 0.95 | Buy | DDM |