Far East Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/21	UOB Kay Hian	Far East Hospitality	0.62	0.74	Buy
02/15/21	Kim Eng	Far East Hospitality	0.585	0.7	Buy	DDM
02/16/21	UOB Kay Hian	Far East Hospitality	0.59	0.72	Buy
02/17/21	CIMB	Far East Hospitality	0.595	0.639	Add
02/17/21	OCBC	Far East Hospitality	0.595	0.66	Buy
03/09/21	OCBC	Far East Hospitality	0.575	0.66	Buy
03/24/21	CIMB	Far East Hospitality	0.62	0.745	Add	DDM
04/05/21	DBS Vickers	Far East Hospitality	0.64	0.7	Buy
05/03/21	CIMB	Far East Hospitality	0.63	0.745	Add	DDM
05/04/21	UOB Kay Hian	Far East Hospitality	0.61	0.72	Buy	DDM
05/27/21	UOB Kay Hian	Far East Hospitality	0.575	0.71	Buy	DDM
06/07/21	UOB Kay Hian	Far East Hospitality	0.6	0.71	Buy
07/07/21	CIMB	Far East Hospitality	0.59	0.745	Add
08/02/21	CIMB	Far East Hospitality	0.58	0.745	Add	DDM
08/02/21	Kim Eng	Far East Hospitality	0.58	0.7	Buy	DDM
08/03/21	OCBC	Far East Hospitality	0.595	0.64	Buy
08/16/21	UOB Kay Hian	Far East Hospitality	0.585	0.71	Buy
09/08/21	CIMB	Far East Hospitality	0.615	0.745	Add	DDM
10/04/21	UOB Kay Hian	Far East Hospitality	0.6	0.71	Buy
11/01/21	UOB Kay Hian	Far East Hospitality	0.645	0.71	Buy	DDM
12/03/21	DBS Vickers	Far East Hospitality	0.575	0.78	Buy
12/03/21	CIMB	Far East Hospitality	0.575	0.745	Add	DDM
12/03/21	Lim & Tan	Far East Hospitality	0.575	0.69	Accumulate
01/06/22	UOB Kay Hian	Far East Hospitality	0.6	0.74	Buy	DDM
01/07/22	CIMB	Far East Hospitality	0.595	0.745	Add
02/16/22	DBS Vickers	Far East Hospitality	0.585	0.78	Buy
02/16/22	Kim Eng	Far East Hospitality	0.585	0.7	Buy	DDM
02/18/22	CIMB	Far East Hospitality	0.605	0.746	Add
02/22/22	UOB Kay Hian	Far East Hospitality	0.6	0.76	Buy	DDM
03/08/22	DBS Vickers	Far East Hospitality	0.58	0.78	Buy

F&N - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/08/21	Lim & Tan	F & N	1.45	0	Neutral

Stock calls for 14 March 2022

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/22	DBS Vickers	AEM	4.23	6.04	Buy
03/14/22	DBS Vickers	Aztech	0.905	1.48	Buy
03/14/22	Lim & Tan	BRC Asia	1.58	0	Buy
03/14/22	DMG & Partners	CDL Hospitality	1.15	1.25	Neutral
03/14/22	Lim & Tan	Choo Chiang	0.32	0	Buy
03/14/22	phillip	City Developments	7.29	9.19	Buy
03/14/22	DMG & Partners	Golden Agri	0.3	0.31	Neutral
03/14/22	UOB Kay Hian	Keppel Corp	6.13	6.94	Buy
03/14/22	Kim Eng	Keppel Reit	1.2	1.2	Hold
03/14/22	CIMB	Kimly	0.385	0.54	Add
03/14/22	Lim & Tan	KSH	0.345	0	Buy
03/14/22	SAC Capital	Megachem	0.48	0.58	Buy	PER10.3x FY22, PB1.2x
03/14/22	phillip	PanUnited	0.35	0.46	Buy
03/14/22	Lim & Tan	PanUnited	0.35	0	Buy
03/14/22	UOB Kay Hian	Sembcorp Industries	2.66	2.95	Buy
03/14/22	UOB Kay Hian	Sembcorp Marine	0.091	0.11	Buy
03/14/22	UOB Kay Hian	SIA	5.05	4.85	Hold
03/14/22	Kim Eng	Suntec Reit	1.69	1.8	Buy
03/14/22	Lim & Tan	Tiong Woon	0.5	0	Buy
03/14/22	DBS Vickers	Venture	16.63	22.6	Buy

Analyses of US main street economic indicators. - Part 5

 University of Michigan consumer confidence index: 59.7

The consumer confidence index has been declining because of the elevated inflation and this will reduce US consumer spending in the future.  However, in view of the rising inflation, consumers are frontloading their purchases at this present moment but this is unsustainable and is only temporary.

CPI forecast:

The US inflation is projected to exceed 8.2% year on year in the next reading by the Cleveland FED and the US CPI will hit 10% in the coming months if the Ukraine-Russia war doesn't stop soon.

In view of the rising inflation in all spectra of the economy, Goldman Sachs has reduced US GDP growth to 1.75% for 2022.

Baltic dry index - 2718

 

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 663

Related stock: Sembcorp Marine & Cosco.