Stock calls for 20 January 2022

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/22	CIMB	Aztech	0.86	1.59	Add
01/20/22	CIMB	Jiutian	0.083	0.15	Add
01/20/22	DBS Vickers	Sabana	0.45	0.49	Buy
01/20/22	Lim & Tan	Sabana	0.45	0	Hold
01/20/22	DMG & Partners	SGX	9.57	9.8	Neutral	PER23x FY22

China will be cutting its rates very soon. - Part 4

https://finance.yahoo.com/news/chinese-banks-cut-borrowing-costs-012145227.html

China has cut its LPR rate to 3.7% from 3.8% today.

Previously, China cut its MLF and 7-day repo rate.

http://sg-stock.blogspot.com/2022/01/china-will-be-cutting-its-rates-very_17.html

Analyses of US main street economic indicators. - Part 3

The New York Empire State Manufacturing Index (-0.7) is the first to reflect our projection for the decline in US manufacturing in 2022.

We had projected the US manufacturing life cycle below.

http://sg-stock.blogspot.com/2022/01/analyses-of-us-main-street-economic_9.html

Latest Biden's polls!

 Poll:

Only 25% of Americans are satisfied with the performance of Biden.

The Republican has overtaken the Democrat in the latest Gallup survey.  This means there are more Americans supporting the Republican party now.

If the US were to hold an election, Biden and his party (Democrat) would lose.  It looks like Biden has some difficulty winning the mid-term election in November 2022 now.  If he cannot rein in the high inflation and prevent any spike in unemployment, he will definitely lose the November election.

Rex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/15/21	UOB Kay Hian	Rex	0.19	0.3	Buy
08/02/21	Amfrasers	Rex	0.21	0.32	Outperform	DCF
08/18/21	Amfrasers	Rex	0.191	0.33	Outperform	DCF
09/15/21	Amfrasers	Rex	0.2	0.33	Outperform	DCF
10/04/21	Lim & Tan	Rex	0.21	0.38	Buy
10/11/21	UOB Kay Hian	Rex	0.245	0.46	Buy
10/18/21	Amfrasers	Rex	0.31	0.4	Outperform	DCF
12/01/21	UOB Kay Hian	Rex	0.275	0.46	Buy

Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/21	Lim & Tan	Raffles Medical	0.985	0	Hold
02/23/21	Kim Eng	Raffles Medical	1.02	1.1	Buy	DCF
02/23/21	UOB Kay Hian	Raffles Medical	1.02	1.12	Buy
02/24/21	OCBC	Raffles Medical	1.04	1.15	Buy	DCF, PER30.7x FY21
02/26/21	phillip	Raffles Medical	1.07	1.18	Accumulate	DCF
04/07/21	DMG & Partners	Raffles Medical	1.17	1.29	Buy
05/10/21	DMG & Partners	Raffles Medical	1.13	1.29	Buy	PER43.5x
05/31/21	CIMB	Raffles Medical	1.08	1.22	Add	Sum of parts
06/07/21	DBS Vickers	Raffles Medical	1.13	1.4	Buy	Sum of parts
06/11/21	UOB Kay Hian	Raffles Medical	1.14	1.27	Buy	DCF
07/09/21	DMG & Partners	Raffles Medical	1.17	1.35	Buy
07/13/21	CIMB	Raffles Medical	1.22	1.4	Add	Sum of parts
07/23/21	DBS Vickers	Raffles Medical	1.32	1.48	Buy	Sum of parts
07/27/21	UOB Kay Hian	Raffles Medical	1.32	1.43	Buy	DCF
07/27/21	CIMB	Raffles Medical	1.32	1.44	Hold
07/27/21	DMG & Partners	Raffles Medical	1.32	1.45	Buy	PER38x FY22
07/29/21	Kim Eng	Raffles Medical	1.34	1.58	Buy	DCF
07/29/21	phillip	Raffles Medical	1.34	1.35	Neutral	DCF
09/21/21	DMG & Partners	Raffles Medical	1.39	1.45	Buy
10/11/21	DMG & Partners	Raffles Medical	1.48	1.65	Buy	PER39x FY22
10/14/21	DBS Vickers	Raffles Medical	1.53	1.81	Buy	Sum of parts
10/14/21	Kim Eng	Raffles Medical	1.53	1.68	Buy	DCF
11/04/21	DMG & Partners	Raffles Medical	1.37	1.65	Buy	DCF
11/19/21	OCBC	Raffles Medical	1.39	1.65	Buy
12/13/21	UOB Kay Hian	Raffles Medical	1.33	1.66	Buy