Uni-Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/19	Amfrasers	Uni-Asia	1.2	2.07	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19
04/09/19	Amfrasers	Uni-Asia	1.16	1.86	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19
05/17/19	Amfrasers	Uni-Asia	1.13	1.86	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19
08/28/19	Amfrasers	Uni-Asia	0.73	1.24	Buy	Sum of parts, PB0.6x FY20, PER8.5x FY20
09/26/19	Amfrasers	Uni-Asia	0.71	1.24	Buy	Sum of parts, PB0.6x FY20, PER8.5x FY20
12/03/19	Amfrasers	Uni-Asia	0.73	1.24	Outperform	Sum of parts, PB0.6x FY20, PER8.5x FY20
03/12/20	Amfrasers	Uni-Asia	0.56	0.62	Neutral

Stock calls for 26 March 2020

Date	Analyst	Company	Last	Target	Call	Valuation
03/26/20	CIMB	CSE Global	0.35	0.45	Add
03/26/20	DMG & Partners	Jumbo	0.21	0.2	Neutral	DCF
03/26/20	Macquarie	Keppel Corp	5.4	7	Outperform	Sum of parts
03/26/20	DBS Vickers	Singtel	2.6	2.8	Buy	Sum of parts
03/26/20	UOB Kay Hian	SPH	1.74	2.04	Buy
03/26/20	DBS Vickers	Starhub	1.27	1.4	Buy	DCF

Japan and Russia alleged that covid-19 originated in the US. - Part 4

It is becoming crystal clear that covid-19 originated in the US.  Just look at the recent signs and you will understand.

1. Japan alleged that the virus originated in the US by analyzing big data.

2. China scientists traced covid-19 H38 to the US.

3. Russia alleged that the virus originated in the US.

4. The chronological events in 2019 also inferred that the US was involved.

5. CDC hearing acknowledged that covid-19 virus was found in corpses thought to have died from US flu.

6. Italy traced its patient zero back to US (Hawaii).

7. The US health authority had already conceived such a virus outbreak in China in October 2019 and then spread to the US.

8. Being a NATO member, Italy sought help from China, Russia & Cuba but not the US.

9. An Italian doctor claimed that he saw covid symptoms in November 2019 which meant that covid didn't originate in China.

I believe Italy knows by now that the covid virus originated in the US and refuses to seek help from the US.  The US also stabbed Italy in the back by transporting 500k testing kits back to the US when Italy was in need of such testing kits.

https://www.msn.com/en-us/news/us/air-force-flew-500000-coronavirus-test-kits-from-italy-to-tennessee/ar-BB11nimy

It is getting harder for the US to cover up its bad deed now as more signs are pointing back to the US.

Italy has just learnt that a friend in need is a friend indeed.  Italy knows who are its true friends and who are its true foes now.

Singapore GDP contracts 2.2% yoy.

https://sg.news.yahoo.com/singapore-gdp-contracts-sharply-warning-virus-hit-global-044404590.html

If you think this is the worst, you are wrong because Q2 will be worse than Q1 for SG.

It is harder for SG to recover unless China recovers first because China can pull Asia out of its doldrum.  SG cannot depend on exports, tourism and local consumption anymore and we can only wait it out.  All the SG's FTAs cannot help SG now because many countries are in lockdowns.

The US health authority conceived a virus outbreak in China in October 2019.

What a coincidence!

The declassified document in October 2019 from the US health authority whereby it conceived a virus outbreak in China and then spread to the US.

Thereafter, the virus started to appear in November 2019 in China.

https://www.msn.com/en-us/news/politics/before-virus-outbreak-a-cascade-of-warnings-went-unheeded/ar-BB11pYY1

An Italian doctor also claimed that he saw such symptoms in his patient in November 2019.

https://www.scmp.com/news/china/society/article/3076334/coronavirus-strange-pneumonia-seen-lombardy-november-leading

There are more signs now that point that the virus originated in the US.

Let's recap:

1. Japan alleged that the virus originated in the US by analyzing big data.

2. China scientists traced covid-19 H38 to the US.

3. Russia alleged that the virus originated in the US.

4. The chronological events in 2019 also inferred that the US was involved.

5. CDC hearing acknowledged that covid-19 virus was found in corpses thought to have died from US flu.

6. The US health authority had already conceived such a virus outbreak in China and then spread to the US.

http://sg-stock.blogspot.com/2020/03/japan-and-russia-alleged-that-covid-19_13.html

UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/26/19	DBS Vickers	UMS	0.71	0.55	Fully Valued	PER8x FY19
02/28/19	CIMB	UMS	0.74	0.62	Reduce	PB1.37x CY19
05/14/19	DBS Vickers	UMS	0.615	0.55	Fully Valued	PER8x FY19
05/16/19	DBS Vickers	UMS	0.64	0.45	Fully Valued	PER8x FY19/20
05/21/19	CIMB	UMS	0.62	0.55	Reduce
08/16/19	DBS Vickers	UMS	0.585	0.49	Fully Valued	PER9x FY20
08/16/19	CIMB	UMS	0.585	0.55	Hold	PB1.24x FY19
10/24/19	DBS Vickers	UMS	0.705	0.87	Buy	PER12x FY20
10/25/19	CIMB	UMS	0.74	0.67	Hold	PB1.4x FY20
11/13/19	DBS Vickers	UMS	0.81	1	Buy	PER13x FY20
11/29/19	DBS Vickers	UMS	0.89	1.08	Buy	PER14x FY20
12/05/19	Kim Eng	UMS	0.95	1.13	Buy	PB2.2x FY20
01/03/20	Kim Eng	UMS	1.08	1.13	Buy	PB2.2x FY20
01/24/20	DBS Vickers	UMS	0.98	1.16	Buy	PER14.9x FY20
02/04/20	CIMB	UMS	0.925	0.96	Hold	GGM, PB1.93x FY20
02/11/20	Kim Eng	UMS	0.94	1.13	Buy
02/26/20	CIMB	UMS	0.965	1.08	Add	GGM, PB2.16x FY20
02/26/20	DBS Vickers	UMS	0.965	1.12	Buy	PER15x FY20
03/10/20	Kim Eng	UMS	0.81	1.13	Buy

UG Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/11/19	DMG & Partners	UG Healthcare	0.205	0.32	Buy	PER10x FY20
05/07/19	DMG & Partners	UG Healthcare	0.18	0.32	Buy	PER10x FY20
08/28/19	DMG & Partners	UG Healthcare	0.18	0.3	Buy	PER11x FY20
02/18/20	Lim & Tan	UG Healthcare	0.25	0	Buy on weakness
02/21/20	DMG & Partners	UG Healthcare	0.235	0.33	Buy	PER9.2x FY21

Top Glove - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/11/19	Kim Eng	Top Glove	1.5	1.53	Hold	Ringgit target $4.60, PER24x CY20
04/17/19	UOB Kay Hian	Top Glove	1.48	1.34	Hold	Ringgit target $4.10, Buy @ $3.70
06/27/19	Kim Eng	Top Glove	1.62	1.59	Hold	Ringgit target $4.85
03/20/20	Kim Eng	Top Glove	1.9	2.08	Buy	Ringgit target $6.32, PER30x CY21
03/20/20	UOB Kay Hian	Top Glove	1.9	1.99	Hold	Ringgit target $6.05, Buy @ $5.50
03/20/20	CIMB	Top Glove	1.9	2.24	Add	Ringgit target $6.80

Stock calls for 25 March 2020

Date	Analyst	Company	Last	Target	Call	Valuation
03/25/20	UOB Kay Hian	BRC Asia	1.09	1.65	Buy
03/25/20	DBS Vickers	Dairy Farm	3.96	4.7	Buy
03/25/20	UBS	Eagle Hospitality Trust	0.137	0.75	Buy
03/25/20	DBS Vickers	Jumbo	0.198	0.18	Hold
03/25/20	DMG & Partners	Manulife US Reit	0.7	0.88	Buy	DDM
03/25/20	DBS Vickers	MM2 Asia	0.124	0.107	Fully Valued
03/25/20	CIMB	Raffles Medical	0.745	0.98	Add	Sum of parts

How will China recover from its economic fallout caused by the virus outbreak? - Part 2

https://www.channelnewsasia.com/news/business/china-s-it-ministry-calls-for-faster-5g-network-rollout---government-document-12571290

We've nailed it again!

We had correctly predicted that China would expedite its 5G deployment (Look at my comment in my previous post below.)

http://sg-stock.blogspot.com/2020/03/how-will-china-recover-from-its.html

Tianjin Zhongxin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/19	UOB Kay Hian	Tianjin Zhongxin	0.915	1.7	Buy	PER13.6x FY19
05/02/19	UOB Kay Hian	Tianjin Zhongxin	0.985	1.7	Buy
06/14/19	UOB Kay Hian	Tianjin Zhongxin	0.885	1.7	Buy
08/15/19	UOB Kay Hian	Tianjin Zhongxin	0.795	1.4	Buy