SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/21	DBS Vickers	SATS	3.98	4.5	Buy
01/04/21	Citi Research	SATS	3.98	4.7	Buy
02/02/21	CIMB	SATS	3.85	4.3	Add	DCF
02/02/21	DBS Vickers	SATS	3.85	4.5	Buy
02/11/21	UOB Kay Hian	SATS	4.09	3.96	Hold	DCF
02/15/21	OCBC	SATS	4.12	4.95	Buy
03/19/21	UOB Kay Hian	SATS	4.56	4.27	Hold	EV/Invested capital basis
05/28/21	CIMB	SATS	3.86	4.3	Add	DCF
05/28/21	UOB Kay Hian	SATS	3.86	4.09	Hold
05/31/21	OCBC	SATS	3.97	4.84	Buy
06/02/21	DBS Vickers	SATS	4.03	4.5	Buy
06/09/21	Lim & Tan	SATS	4.05	0	Hold
06/10/21	UOB Kay Hian	SATS	4.08	4.09	Hold
07/23/21	CIMB	SATS	3.87	4.3	Add	DCF
07/23/21	Lim & Tan	SATS	3.87	0	Hold
07/26/21	OCBC	SATS	3.87	4.8	Buy
09/28/21	DBS Vickers	SATS	4.16	4.5	Buy
09/28/21	OCBC	SATS	4.16	4.8	Buy
10/11/21	Citi Research	SATS	4.17	4.7	Buy
10/18/21	CIMB	SATS	4.35	4.66	Hold
10/25/21	UOB Kay Hian	SATS	4.28	4.09	Hold
11/15/21	CIMB	SATS	4.14	4.32	Hold
11/16/21	DBS Vickers	SATS	4.1	4.9	Buy	DCF
11/24/21	Lim & Tan	SATS	4.1	4.81	Buy

Sasseur - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/21	Kim Eng	Sasseur	0.84	1.05	Buy	DDM
03/02/21	CIMB	Sasseur	0.86	0.909	Add
06/14/21	DBS Vickers	Sasseur	0.925	1.1	Buy	DCF
08/16/21	CIMB	Sasseur	0.95	1.03	Add	DDM
08/18/21	Kim Eng	Sasseur	0.925	1.05	Buy
08/19/21	Amfrasers	Sasseur	0.935	0.97	Neutral	DDM
11/16/21	Kim Eng	Sasseur	0.895	1.05	Buy	DDM
11/23/21	UOB Kay Hian	Sasseur	0.895	1.05	Buy

Stock calls for 24 January 2022

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/22	Lim & Tan	ARA Logistics	0.895	0.933	Accept Offer
01/24/22	DBS Vickers	Bukit Sembawang	4.96	5.92	Buy
01/24/22	DBS Vickers	Daiwa House	0.815	0.95	Buy	DCF
01/24/22	Lim & Tan	Grand Bank	0.315	0	Accumulate
01/24/22	DMG & Partners	Isoteam	0.112	0.12	Neutral	DCF
01/24/22	DBS Vickers	Keppel Corp	5.38	6.2	Buy
01/24/22	Citi Research	Nanofilm	2.95	3.92	Buy
01/24/22	UOB Kay Hian	Nanofilm	2.95	2.67	Hold	PEG1x FY22, PER22x FY22
01/24/22	UOB Kay Hian	Q&M	0.605	0.78	Buy
01/24/22	DBS Vickers	Singtel	2.48	3.13	Buy
01/24/22	OCBC	Yanlord	1.14	1.16	Hold

3 doses of the Sinovac vaccine are effective against omicron!

https://www.theedgemarkets.com/article/three-doses-sinovac-covid19-vaccine-effective-against-omicron-%E2%80%94-research

The latest research conducted in Malaysia showed that 3 doses of the Sinovac vaccine were effective against omicron.  This research was not about counting the number of antibodies generated but the abilities of the antibodies to react and destroy the virus.

Please go and take your Sinovac booster!

The US FED will conduct quantitative tapering for at least 3 years.

Most economists predicted that the rate hike in March 2022 was cast in stone.

They also believed that the rate hikes would continue for at least 3 years (2022 to 2024).

Furthermore, these economists expected the FED to start reducing its assets in the 2nd half of 2022.

All these actions (rate hikes & asset reductions) will cause the GDP to slow down significantly and also cause the stock markets to fall heavily.

As the US will be having its mid-term election in November 2022, it will be unlikely for Biden to hike interest rates near the election.  Therefore, it makes more sense for the US FED to start reducing its balance sheet instead so that this won't affect or ruin Biden's election.

High correlation between Bitcoin and Nasdaq.

 
There is a high correlation between Bitcoin and Nasdaq because bitcoin mining needs technological components such as high-powered CPUs and GPUs.  Therefore, we can use the Nasdaq trajectory to predict the bitcoin trajectory.

Why did the west hate China?

The west has been branding the communist party (CCP) as an evil government that suppresses, oppresses, and tortures its citizens.  However, the polls and surveys conducted by the western academics debunked the western false allegations and these academics irked the west.

The recent survey conducted by the US firm (Edelman) showed that the general public trust in China came in an astonishing high of 91%?  Why?

This is because the Chinese understand that the CCP is a government that values precious lives over strong economic growth.  This core value strikes a common chord in the Chinese's hearts and results in a very low death toll for a 1.4B population during the current pandemic.  The western democracy value cannot achieve this high public trust because capitalism is an essential part of democracy and capitalism values strong economic growth over precious lives.

https://news.harvard.edu/gazette/story/2020/07/long-term-survey-reveals-chinese-government-satisfaction/

A Harvard University survey also showed the same phenomenon with a high satisfaction rate of 95.5% for the CCP.

Instead of learning from China, the West hates China to the core.

Why did President Xi warn the FED against hiking interest rates?

 

This is because President Xi has seen this old textbook trick too many times.  We had also stated this in our earlier post in March 2021.  Being the largest economy in the world, the US can impose unilaterally monetary policies that derive economic benefits at the expense of others.  Many emerging economies will suffer greatly this time if the US hikes its rates too aggressively in 2022.

https://sg-stock.blogspot.com/2021/03/the-time-for-asia-to-rise-up-has-come.html

Baltic dry index - 1415

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 604

 
Related stock: Sembcorp Marine & Cosco.

Omicron is more dangerous for children.

https://www.pharmaceutical-technology.com/news/omicron-danger-children-covid/

The latest South African study showed that omicron was more dangerous for children than the delta virus because there was a 49% in hospitalizations for children during the omicron outbreak.

Keep your kids safe!

China has cut another rate (SLF) again.

https://www.channelnewsasia.com/business/china-central-bank-lowers-slf-rates-10-basis-points-2450996

This is the 3rd rate that China has cut after MLF & LPR.  This cut in SLF will reduce the cost of debt for financial institutions.  The SLF is cut by 10 basis points.

The multiple interest rate cuts show that China is adamant to grow its GDP to 5.5% in 2022 as stated.