Singapore Stock Exchange - Equity Investments

Friday, May 21, 2021

Top Glove - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/14/20	CIMB	Top Glove	3.08	3.41	Add	Ringgit target $10.40, PER32x CY21
05/14/20	Kim Eng	Top Glove	3.08	3.59	Buy	Ringgit target $10.95, PER30x CY21
05/27/20	CIMB	Top Glove	4.42	5.37	Add	Ringgit target $15.50, PER36.8x CY21
05/27/20	UOB Kay Hian	Top Glove	4.42	6.05	Buy	Ringgit target $17.50
05/29/20	Kim Eng	Top Glove	4.62	6.52	Buy	Ringgit target $20, PER23x CY21
06/10/20	Kim Eng	Top Glove	5.7	6.52	Buy	Ringgit target $20, PER23x CY21
06/10/20	CIMB	Top Glove	5.7	8.14	Add	Ringgit target $25, PER22x CY21
06/12/20	Kim Eng	Top Glove	5.56	7.13	Buy	Ringgit target $21.9, PER23x CY21
06/12/20	UOB Kay Hian	Top Glove	5.56	7.13	Buy	Ringgit target $25.69
07/07/20	Aminvestment	Top Glove	6.5	8.37	Buy
07/21/20	UOB Kay Hian	Top Glove	8.15	7.14	Buy	Ringgit target $21.90
07/22/20	Kim Eng	Top Glove	8.24	9.32	Buy	Ringgit target $28.60, PER16x
07/29/20	UOB Kay Hian	Top Glove	8.65	11.97	Buy	PER16x FY21, Ringgit target $36.90
09/14/20	Kim Eng	Top Glove	2.58	3.14	Buy	Ringgit Target $9.53 (ex-2 for 1 bonus), PER9x FY21
09/18/20	CIMB	Top Glove	2.63	3.29	Add	Ringgit target $10, PER17x CY22
09/18/20	UOB Kay Hian	Top Glove	2.63	4.05	Buy	Ringgit target $12.30
10/07/20	UOB Kay Hian	Top Glove	2.83	4.03	Buy	Ringgit target $12.30
10/07/20	CIMB	Top Glove	2.83	3.28	Add	Ringgit target $10, PER17x CY22
10/09/20	Kim Eng	Top Glove	2.87	3.13	Buy	Ringgit Target $9.53 (ex-2 for 1 bonus), PER9x CY21
11/06/20	UOB Kay Hian	Top Glove	2.73	4.01	Buy	Ringgit target $12.30
12/10/20	Kim Eng	Top Glove	2.27	2.85	Buy	DCF, Ringgit target $8.65
12/10/20	UOB Kay Hian	Top Glove	2.27	4.05	Buy	Ringgit target $12.30
12/15/20	CIMB	Top Glove	2.19	2.93	Add	PER16x CY22, Ringgit target $8.90
01/11/21	CIMB	Top Glove	2.11	2.93	Add	PER16x CY22
01/13/21	Aminvestment	Top Glove	2.18	2.13	Hold	Ringgit target $6.50
03/10/21	CIMB	Top Glove	1.69	2.55	Add	Ringgit target $7.8
03/10/21	Kim Eng	Top Glove	1.69	1.58	Hold	Ringgit target $4.85, DCF
03/10/21	UOB Kay Hian	Top Glove	1.69	2.48	Buy	Ringgit target $7.60
03/17/21	UOB Kay Hian	Top Glove	1.71	2.06	Buy	Ringgit target $6.30

Stock calls for 21 May 2021

Date	Analyst	Company	Last	Target	Call	Valuation
05/21/21	Amfrasers	China Sunsine	0.51	0.68	Outperform	DCF
05/21/21	Macquarie	City Developments	7.47	8.9	Outperform	RNAV
05/21/21	OCBC	City Developments	7.47	9.12	Buy	RNAV
05/21/21	CIMB	City Developments	7.47	8.97	Add	RNAV
05/21/21	CIMB	CSE Global	0.51	0.63	Add
05/21/21	DBS Vickers	CSE Global	0.51	0.63	Buy	PER11.1x FY21
05/21/21	DBS Vickers	Frasers Centrepoint Trust	2.32	3	Buy
05/21/21	UOB Kay Hian	Frasers Centrepoint Trust	2.32	3.06	Buy
05/21/21	Amfrasers	Innotek	0.905	1.12	Buy	EV/Ebitda5.5x, PER14.3x FY22
05/21/21	Kim Eng	Mapletree Industrial	2.76	3.25	Buy	DDM
05/21/21	Lim & Tan	Mapletree Industrial	2.76	0	Accumulate on weakness
05/21/21	UOB Kay Hian	Mapletree Industrial	2.76	3.62	Buy
05/21/21	CIMB	SIA	4.76	5.64	Add	PB1.06x FY22
05/21/21	UOB Kay Hian	SIA	4.76	4.15	Sell	PB1x
05/21/21	OCBC	SIA	4.76	4.75	Hold	PB0.9x
05/21/21	DBS Vickers	SPH Reit	0.84	0.8	Hold
05/21/21	DBS Vickers	Starhill	0.535	0.55	Hold

The US FED is draining short-term cash discreetly from the financial market. - Part 2

Alert: The US FED is draining cash massively now compared to April 2021.

http://sg-stock.blogspot.com/2021/04/the-us-fed-is-draining-short-term-cash.html

There was not a single transaction in the repo transaction because participants didn't need the cash but all the reverse repo transactions were fulfilled which indicated the participants were parking the cash with the FED in April 2021. However, the US FED has increased its RRP massively to hundreds of billions in May 2021.

Repo (A collateralized short-term loan for participants): No transaction at all!

Reverse Repo (A collateralized short-term loan for the FED): All fulfilled!