Nanofilm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/19/22	CIMB	Nanofilm	3.3	3.92	Add	PER22.25x, PEG1x
01/21/22	DBS Vickers	Nanofilm	2.99	4.12	Buy
01/24/22	Citi Research	Nanofilm	2.95	3.92	Buy
01/24/22	UOB Kay Hian	Nanofilm	2.95	2.67	Hold	PEG1x FY22, PER22x FY22
02/24/22	DBS Vickers	Nanofilm	2.87	4.12	Buy
02/24/22	Jefferies	Nanofilm	2.87	3	Hold
02/25/22	CIMB	Nanofilm	2.8	3.5	Add
02/25/22	UOB Kay Hian	Nanofilm	2.8	2.72	Hold	PEG1x FY22, PER23x FY22
03/15/22	CIMB	Nanofilm	2.51	3.5	Add
04/20/22	CIMB	Nanofilm	2.76	3.5	Add
04/20/22	Citi Research	Nanofilm	2.76	3.92	Buy
04/20/22	DBS Vickers	Nanofilm	2.76	4.12	Buy
04/20/22	Jefferies	Nanofilm	2.76	2.9	Hold
04/21/22	UOB Kay Hian	Nanofilm	2.8	2.72	Hold	PER23x FY22
06/29/22	DBS Vickers	Nanofilm	2.39	3.7	Buy	PER32x FY22
07/01/22	CIMB	Nanofilm	2.33	3.07	Add
07/25/22	DBS Vickers	Nanofilm	2.15	3.21	Buy	PER30x FY22
08/15/22	UOB Kay Hian	Nanofilm	2.23	2.72	Buy	PER20x FY23
08/15/22	Citi Research	Nanofilm	2.23	3.18	Buy
08/18/22	DBS Vickers	Nanofilm	2.32	3.21	Buy
08/19/22	CIMB	Nanofilm	2.33	3.05	Add
09/05/22	UOB Kay Hian	Nanofilm	2.35	2.72	Buy	PEG1x FY23, PER20x FY23
09/29/22	Lim & Tan	Nanofilm	2.08	2.85	Buy
09/29/22	Citi Research	Nanofilm	2.08	3.18	Buy
10/17/22	UOB Kay Hian	Nanofilm	1.89	2.72	Buy	PEG1x FY23, PER20x FY23
11/03/22	DBS Vickers	Nanofilm	1.79	2.54	Buy	PER20x FY23
11/03/22	Citi Research	Nanofilm	1.79	1.55	Sell	PER14x FY23
11/03/22	Lim & Tan	Nanofilm	1.79	2.72	Sell
11/04/22	UOB Kay Hian	Nanofilm	1.73	1.79	Hold	PEG1x, PER16x FY23
11/04/22	DBS Vickers	Nanofilm	1.73	2.22	Buy	PER20x FY23
11/04/22	CIMB	Nanofilm	1.73	1.78	Hold	PER15.6x FY23
11/18/22	DBS Vickers	Nanofilm	1.38	1.39	Hold	PER15x FY23
11/18/22	CIMB	Nanofilm	1.38	1.37	Hold	PEG1x FY23
11/22/22	UOB Kay Hian	Nanofilm	1.27	1.02	Sell	PEG1x FY23
12/08/22	Lim & Tan	Nanofilm	1.44	1.7	Buy
01/06/23	DBS Vickers	Nanofilm	1.39	1.39	Hold
01/17/23	CIMB	Nanofilm	1.42	1.39	Hold
01/17/23	Citi Research	Nanofilm	1.42	1.27	Sell
02/03/23	DBS Vickers	Nanofilm	1.5	1.33	Hold	PER16x FY23/24
02/03/23	Lim & Tan	Nanofilm	1.5	0	Sell
02/23/23	UOB Kay Hian	Nanofilm	1.41	1.28	Hold	PER18x FY23
02/24/23	CIMB	Nanofilm	1.45	1.39	Hold	PER12.6x FY24
04/05/23	DBS Vickers	Nanofilm	1.65	1.33	Hold
04/20/23	Lim & Tan	Nanofilm	1.65	1.4	Hold
04/21/23	UOB Kay Hian	Nanofilm	1.5	1.61	Hold	PER18x FY23
04/25/23	Citi Research	Nanofilm	1.5	1.08	Sell	DCF
04/25/23	CIMB	Nanofilm	1.5	1.57	Hold	PER14.22x FY24

MS Holdings - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/03/22	Lim & Tan	MS Holdings	0.06	0	Reject offer	Takeover price $0.07

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/22	UOB Kay Hian	MM2 Asia	0.05	0.115	Buy	Sum of parts
05/31/22	Lim & Tan	MM2 Asia	0.057	0.12	Buy
06/01/22	DBS Vickers	MM2 Asia	0.056	0.06	Hold	Sum of parts
06/10/22	UOB Kay Hian	MM2 Asia	0.056	0.115	Buy	Sum of parts
07/14/22	Lim & Tan	MM2 Asia	0.053	0.0875	Buy
09/26/22	Lim & Tan	MM2 Asia	0.048	0.09	Buy
10/13/22	UOB Kay Hian	MM2 Asia	0.042	0.098	Buy	Sum of parts

Stock calls for 4 May 2023

Date	Analyst	Company	Last	Target	Call	Valuation
05/04/23	DMG & Partners	A-Reit	2.81	3.25	Buy
05/04/23	Citi Research	A-Reit	2.81	3.06	Buy
05/04/23	Kim Eng	Dyna-Mac	0.295	0.35	Buy
05/04/23	UOB Kay Hian	Emperador	0.5	0.57	Hold	PER31.5x FY23
05/04/23	CIMB	Keppel Corp	6.4	8.7	Add	Sum of parts
05/04/23	Lim & Tan	Keppel Corp	6.4	7.31	Accumulate on weakness
05/04/23	Kim Eng	Mapletree Logistics	1.73	1.8	Buy	DDM

China will continue to sell its US treasuries. Here's why!

China has been selling its US treasuries and will continue in doing so to decouple from the US.  There are also other reasons for China to sell its US treasuries and we've explained this in 2018.

https://sg-stock.blogspot.com/2018/11/the-more-us-tries-to-hurt-china-more-it.html

What will the FED do for its FOMC in May 2023? - Part 2

Just as we had expected, the US Fed hiked its rate by 25bp and also won't reduce its rate in 2023 unless a big financial crisis happens.

https://sg-stock.blogspot.com/2023/05/what-will-fed-do-for-its-fomc-in-may.html