Bumitama - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/13/20	DMG & Partners	Bumitama	0.435	0.43	Neutral	PER12x FY20
05/13/20	DBS Vickers	Bumitama	0.435	0.66	Buy	DCF
05/13/20	Kim Eng	Bumitama	0.435	0.78	Buy	PER14.5x FY20
06/26/20	DMG & Partners	Bumitama	0.44	0.48	Neutral	PER12x FY21
07/27/20	DMG & Partners	Bumitama	0.495	0.6	Buy	PER13x FY21
08/17/20	DMG & Partners	Bumitama	0.51	0.65	Buy	PER11x FY21
08/17/20	Kim Eng	Bumitama	0.51	0.74	Buy
08/18/20	DBS Vickers	Bumitama	0.515	0.66	Buy	DCF
08/25/20	UOB Kay Hian	Bumitama	0.515	0.52	Hold
11/03/20	DMG & Partners	Bumitama	0.455	0.65	Buy	PER10x FY21
11/11/20	Kim Eng	Bumitama	0.5	0.78	Buy	PER13x FY21
11/11/20	UOB Kay Hian	Bumitama	0.5	0.55	Hold	PER10x FY21, Buy @ $0.5
11/11/20	DBS Vickers	Bumitama	0.5	0.66	Buy	DCF
01/06/21	DBS Vickers	Bumitama	0.52	0.66	Buy
01/06/21	DMG & Partners	Bumitama	0.52	0.6	Buy
02/22/21	Lim & Tan	Bumitama	0.54	0	Accumulate
02/23/21	Kim Eng	Bumitama	0.535	0.65	Buy
02/23/21	UOB Kay Hian	Bumitama	0.535	0.65	Buy
02/23/21	DMG & Partners	Bumitama	0.535	0.45	Sell
03/15/21	DBS Vickers	Bumitama	0.475	0.66	Buy

Stock calls for 16 March 2021

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

Global rate hikes are coming!

https://finance.yahoo.com/news/rate-hikes-coming-emerging-markets-220000590.html 

https://finance.yahoo.com/news/russia-considers-faster-rate-hikes-102007130.html

https://finance.yahoo.com/news/czech-central-bank-vice-governor-151952869.html

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.

http://sg-stock.blogspot.com/2021/03/the-recent-us-bond-sales-show-that.html

Is China really implementing monetary tightening?

China's M1 supply had shrunk by 5.4% in February 2021 from January 2021.

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)