Stock calls for 9 May 2022

Date	Analyst	Company	Last	Target	Call	Valuation
05/09/22	CIMB	AEM	4.84	6.85	Add
05/09/22	Kim Eng	AEM	4.84	6.06	Buy
05/09/22	Citi Research	AEM	4.84	6.48	Buy
05/09/22	Jefferies	Capitaland Integrated Commercial Trust	2.24	2.27	Hold
05/09/22	UOB Kay Hian	Capitaland Integrated Commercial Trust	2.24	2.46	Buy	DDM
05/09/22	Phillip	Capitaland Integrated Commercial Trust	2.24	2.46	Buy	DDM
05/09/22	Kim Eng	Civmec	0.655	1	Buy
05/09/22	DBS Vickers	Elite ComReit	0.655	0.75	Buy	DCF
05/09/22	Kim Eng	Frasers Hospitality Trust	0.66	0.55	Hold
05/09/22	DBS Vickers	Frasers Logistics	1.44	1.75	Buy	DCF
05/09/22	CIMB	Frasers Logistics	1.44	1.56	Add	DDM
05/09/22	Lim & Tan	Frasers Logistics	1.44	1.67	Accumulate on weakness
05/09/22	Lim & Tan	Grand Venture	0.975	1.43	Buy
05/09/22	DBS Vickers	Grand Venture	0.975	1.4	Buy	PER18x FY23
05/09/22	Lim & Tan	Keppel Corp	6.79	0	Accumulate
05/09/22	CIMB	Lendlease Reit	0.81	1.05	Add	Cut from $1.07
05/09/22	Citi Research	Lendlease Reit	0.81	0.97	Buy
05/09/22	Phillip	Lendlease Reit	0.81	1.05	Buy	DDM
05/09/22	UOB Kay Hian	Mapletree Industrial	2.52	3.65	Buy	DDM
05/09/22	SAC Capital	Shenshan	0.38	0.7	Buy
05/09/22	UOB Kay Hian	SIA Engineering	2.61	2.9	Buy	DCF
05/09/22	CIMB	SIA Engineering	2.61	2.92	Add

Will the US be heading for a soft or hard landing? - Part 3

Things are not looking good.  Why?

Please take a look at the recent news below.

There is no way the US can escape unscathed from a global recession.  When Germany is in a recession, it will drag the whole EU down.  When the EU is in a recession, it will drag the Middle East down.  There will be a domino and multiplier effect and the US will also get hit.

Baltic dry index - 2718

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 705

 
Related stock: Sembcorp Marine & Cosco.

ST Group Food - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/30/21	SAC Capital	ST Group Food	0.15	0.26	Buy	DCF

ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/05/21	CIMB	ST Engineering	3.85	4.41	Add
07/06/21	UOB Kay Hian	ST Engineering	3.9	4.26	Buy	EV/Invested capital basis
08/05/21	Citi Research	ST Engineering	4.01	3.56	Sell
08/05/21	DBS Vickers	ST Engineering	4.01	4.2	Buy	Sum of parts
08/13/21	Citi Research	ST Engineering	4.08	3.68	Sell
08/13/21	OCBC	ST Engineering	4.08	4.4	Buy
08/16/21	DBS Vickers	ST Engineering	4.09	4.36	Buy	Sum of parts
08/17/21	DMG & Partners	ST Engineering	4.03	4.5	Buy
08/17/21	UOB Kay Hian	ST Engineering	4.03	4.25	Hold
09/10/21	DMG & Partners	ST Engineering	3.77	4.5	Buy
09/14/21	UOB Kay Hian	ST Engineering	3.76	4.25	Buy	EV/Invested capital basis
10/04/21	CIMB	ST Engineering	3.78	4.54	Add
10/04/21	DBS Vickers	ST Engineering	3.78	4.55	Buy	Sum of parts
10/04/21	Lim & Tan	ST Engineering	3.78	0	Hold
10/04/21	OCBC	ST Engineering	3.78	4.3	Buy
10/05/21	Citi Research	ST Engineering	3.88	3.65	Sell	PER20x FY22
10/05/21	DMG & Partners	ST Engineering	3.88	4.85	Buy
10/05/21	UOB Kay Hian	ST Engineering	3.88	4.05	Buy
11/10/21	DBS Vickers	ST Engineering	3.81	4.55	Buy
11/11/21	CIMB	ST Engineering	3.84	4.54	Add	DCF
11/19/21	DBS Vickers	ST Engineering	3.98	4.6	Buy	Sum of parts
11/29/21	DMG & Partners	ST Engineering	3.85	4.85	Buy
12/13/21	UOB Kay Hian	ST Engineering	3.78	4.05	Buy
02/28/22	CIMB	ST Engineering	3.77	4.7	Add
02/28/22	Lim & Tan	ST Engineering	3.77	4.38	Accumulate
03/02/22	DBS Vickers	ST Engineering	3.95	4.7	Buy
03/02/22	DMG & Partners	ST Engineering	3.95	4.8	Buy
03/16/22	Lim & Tan	ST Engineering	4.02	4.43	Buy
03/24/22	Lim & Tan	ST Engineering	4.11	4.41	Accumulate

Spindex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/25/21	Lim & Tan	Spindex	1.2	0	Accumulate
10/15/21	Lim & Tan	Spindex	1.3	0	Buy
12/02/21	Lim & Tan	Spindex	1.18	1.45	Buy
02/14/22	Lim & Tan	Spindex	1.31	0	Accumulate