Keppel Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/28/20	Macquarie	Keppel Corp	6.03	7	Outperform
05/29/20	DBS Vickers	Keppel Corp	5.97	6.8	Buy
05/29/20	CIMB	Keppel Corp	5.97	7.48	Add	Sum of parts
05/29/20	DMG & Partners	Keppel Corp	5.97	7.3	Buy
06/02/20	UOB Kay Hian	Keppel Corp	5.96	7.15	Buy
06/09/20	Lim & Tan	Keppel Corp	6.23	0	Buy
07/07/20	DMG & Partners	Keppel Corp	6.16	7.3	Buy
07/14/20	Macquarie	Keppel Corp	6.01	7	Outperform	Sum of parts
07/27/20	Lim & Tan	Keppel Corp	5.71	0	Buy on weakness
08/03/20	UOB Kay Hian	Keppel Corp	5.4	7.1	Buy	Sum of parts
08/03/20	DMG & Partners	Keppel Corp	5.4	7.3	Buy	Sum of parts
08/03/20	DBS Vickers	Keppel Corp	5.4	6.4	Buy	sum of parts, PB1x
08/03/20	CIMB	Keppel Corp	5.4	6.46	Add	Sum of parts
08/03/20	OCBC	Keppel Corp	5.4	6.4	Buy
08/11/20	Amfrasers	Keppel Corp	5.4	6.34	Outperform	Sum of parts
08/11/20	DBS Vickers	Keppel Corp	5.4	5.5	Hold	Sum of parts, PB1x
08/11/20	Lim & Tan	Keppel Corp	5.4	0	Hold
08/11/20	UOB Kay Hian	Keppel Corp	5.4	6.7	Buy	Sum of parts
09/02/20	Lim & Tan	Keppel Corp	4.55	0	Accumulate
09/22/20	Lim & Tan	Keppel Corp	4.19	0	Buy
09/22/20	CIMB	Keppel Corp	4.19	6.46	Add	Sum of parts
09/22/20	UOB Kay Hian	Keppel Corp	4.19	6.3	Buy	Sum of parts
09/30/20	DBS Vickers	Keppel Corp	4.3	5.5	Buy	Sum of parts, PB0.9x FY20
10/02/20	Lim & Tan	Keppel Corp	4.51	0	Buy
10/12/20	CIMB	Keppel Corp	4.49	6.46	Add	Sum of parts
10/12/20	Lim & Tan	Keppel Corp	4.49	5.63	Buy	Sum of parts
10/29/20	UOB Kay Hian	Keppel Corp	4.34	6.3	Buy
10/30/20	DBS Vickers	Keppel Corp	4.27	5.5	Buy	Sum of parts
11/03/20	OCBC	Keppel Corp	4.34	6	Buy
11/03/20	CIMB	Keppel Corp	4.34	6.46	Add	Sum of parts
11/23/20	Lim & Tan	Keppel Corp	5.15	0	Buy
12/03/20	Phillip	Keppel Corp	5.15	6.12	Buy	Sum of parts
12/04/20	Lim & Tan	Keppel Corp	5.15	0	Accumulate
01/05/21	Phillip	Keppel Corp	5.42	6.12	Buy
01/25/21	UOB Kay Hian	Keppel Corp	5.64	6.3	Buy
01/29/21	UOB Kay Hian	Keppel Corp	5.46	6.1	Buy
01/29/21	CIMB	Keppel Corp	5.46	6.4	Add	Sum of parts
01/29/21	DBS Vickers	Keppel Corp	5.46	5.85	Hold	Sum of parts, PB1.1x FY21
01/29/21	OCBC	Keppel Corp	5.46	5.2	Hold
01/29/21	Lim & Tan	Keppel Corp	5.46	0	Accumulate
02/01/21	Phillip	Keppel Corp	5.01	6.12	Buy	Sum of parts (10% discount), PB1x FY21
03/17/21	UOB Kay Hian	Keppel Corp	5.18	6.1	Buy	PB
03/25/21	Lim & Tan	Keppel Corp	5.22	0	Buy
03/31/21	CIMB	Keppel Corp	5.34	6.4	Add	Sum of parts

Jumbo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/18/20	DMG & Partners	Jumbo	0.25	0.19	Sell	DCF
05/18/20	DBS Vickers	Jumbo	0.25	0.21	Fully Valued	PER18x FY21
05/18/20	CIMB	Jumbo	0.25	0.2	Reduce
06/16/20	DMG & Partners	Jumbo	0.29	0.19	Sell
08/28/20	DMG & Partners	Jumbo	0.345	0.19	Sell
09/11/20	DBS Vickers	Jumbo	0.325	0.21	Fully Valued
11/27/20	DBS Vickers	Jumbo	0.32	0.22	Fully Valued	PER20x FY21
11/30/20	UOB Kay Hian	Jumbo	0.33	0.27	Sell
11/30/20	DMG & Partners	Jumbo	0.33	0.19	Sell	DCF

Stock calls for 15 April 2021

Date	Analyst	Company	Last	Target	Call	Valuation
04/15/21	DMG & Partners	Fu Yu	0.32	0.37	Buy
04/15/21	DBS Vickers	GHY	0.755	1	Buy	Sum of parts, PER19.4x FY21
04/15/21	OCBC	Singapore Post	0.755	0.74	Hold
04/15/21	DMG & Partners	Suntec Reit	1.57	1.79	Buy

India protests U.S. Navy's transit through its exclusive economic zone.

https://www.reuters.com/article/us-india-usa-idUSKBN2BX07T

India is protesting against its QUAD Alliance (QA) and Indo-Pacific Alliance (IPA) member.

India, are you in your right state of mind? You are protesting against your big boss, do you know that? Do you wanna get kicked out of the QA and IPA?

Hahaha!

We had stated previously the QA was useless and India was one of the weak links in the QA and IPA.

http://sg-stock.blogspot.com/2021/02/will-quad-alliance-qa-have-any-impact.html

PS: we're not always right but we're seldom wrong too.  Therefore, you better sit up straight and listen when we tell you something. Heehee!

The US FED is lying again! - Part 2

https://sg.finance.yahoo.com/news/current-us-debt-level-very-165203158.html

The US FED is lying through his teeth again!

Being a US FED, he should know the true national debt figure but he deliberately stated a much smaller debt figure of US$22.96T instead of the real figure of US$28.17T.  Is he sleeping on the job?

https://www.usdebtclock.org/

Is the US able to service its debts? Hell No!

http://sg-stock.blogspot.com/2021/04/us-m1-money-supply-is-scary.html

The US cannot service its debts with its incoming revenues.  The only way to fulfill its debt obligations is to issue more USD which will depreciate the USD in the long term.  The US will try to support its USD in the short term so that it can continue to issue debts to cover its expenditures.  This is one of the reasons that the EU, Russia and China are moving away from the USD.

Let's get into the minds of fund managers! - Part 2.

Let's look at the Global FMS for April.

FMS shows that the treasury market selloff (yield spike) is the most important concern in April compared to March 2021 in which inflation was the most concerning factor.

http://sg-stock.blogspot.com/2021/03/lets-get-into-minds-of-fund-managers.html

The FM invested in the technology sector in April.

The FM thinks that the US stock market is in a late-stage bull market now.  This corroborated with our earlier post on the US stock market overvaluation.

http://sg-stock.blogspot.com/2021/04/is-us-stock-market-overvalued-part-3.html

Jiutian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/24/20	Amfrasers	Jiutian	0.046	0.068	Outperform	PER8x
09/07/20	Amfrasers	Jiutian	0.05	0.068	Outperform
11/04/20	UOB Kay Hian	Jiutian	0.098	0.16	Buy	PER5x FY21
11/12/20	UOB Kay Hian	Jiutian	0.115	0.18	Buy	PER5x FY21
11/26/20	Amfrasers	Jiutian	0.086	0.14	Not Rated
01/18/21	CIMB	Jiutian	0.1	0.145	Add	PER5.7x FY22
02/03/21	Amfrasers	Jiutian	0.104	0.155	Not Rated
02/24/21	UOB Kay Hian	Jiutian	0.107	0.128	Buy	PER5x FY21
02/25/21	CIMB	Jiutian	0.096	0.135	Add	PER5.7x FY22
04/13/21	CIMB	Jiutian	0.102	0.135	Add	PER5.7x FY22