Stock calls for 3 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/21	DBS Vickers	Dasin Retail	0.725	0.74	Hold
03/03/21	DMG & Partners	DBS	26.94	30	Buy
03/03/21	DBS Vickers	HRnetGroup	0.585	0.5	Hold
03/03/21	CIMB	ISDN	0.61	0.72	Add	PER12x FY22
03/03/21	UOB Kay Hian	Japfa	0.94	1.17	Buy
03/03/21	DBS Vickers	Medtecs	0.955	1.25	Buy	PER9.5x FY21/22
03/03/21	CIMB	Nanofilm	5.04	5.52	Add
03/03/21	DMG & Partners	OCBC	11.08	12.5	Buy
03/03/21	Lim & Tan	Sunningdale	1.64	1.65	Accept offer	$1.65 cash offer
03/03/21	phillip	UOB	24.99	28.7	Accumulate	PB1.17x
03/03/21	OCBC	Venture	19.14	22.25	Buy

Is China fear-mongering the US economic risk?

https://finance.yahoo.com/news/china-warns-side-effects-us-093000238.html

No, I don't think China is fear-mongering the US economic risk.

This is because China has been deleveraging (monetary tightening) its own financial risks in January 2021 to reduce the impacts of the US economic risks that will spread to the world.  China also has not been giving out doles such as multiple free cheques to its citizens.

http://sg-stock.blogspot.com/2021/02/chinas-monetary-tightening-will-impact.html

Moreover, we've detected multiple market distortions in the US markets already.

http://sg-stock.blogspot.com/2021/02/market-distortions-are-precursors-of.html

Therefore, we can see that China is really concerned about the US economic risks and is doing exactly the opposite of US actions.  When the US is leveraging and China is deleveraging, the US economic risk will increase because there is an external opposing force that is countering its efficacy.

US ISM PMI increased to 60.8 in February 2021.

 

The prices increased further by 3.9 to 86 because of the rising freight costs.  This also impacted the supplier’s deliveries by +3.8 to 72 as a higher number indicated slower deliveries.  It seemed that the rising freight costs were deterring manufacturers from ordering raw materials.

http://sg-stock.blogspot.com/2021/01/the-us-inflation-is-coming-part-5.html

However, the producers ramped up their production (63.2, +2.5) further which resulted in inventories reduction (49.7, -1.1) and an increase in employment (54.4, +1.8) to prepare for a rebound in the customers’ inventories (32.5, -0.6) which was too low.  The increase in new order (64.8, +3.7) was due to higher new export and local orders.  This could be seen in the monthly US retail sales figure below.

https://www.cnbc.com/2021/02/24/us-retail-sales-to-rise-6point5percent-to-8point2percent-in-2021-national-retail-federation-says.html

All these resulted in the PMI that increased to 60.8 (+2.1) in Feb 2021.  This means that the US economy will still continue to improve unless there is another major lockdown due to the new covid variant.

Unusual - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/20	DMG & Partners	Unusual	0.285	0.42	Buy
01/09/20	UOB Kay Hian	Unusual	0.275	0.44	Buy
02/12/20	DMG & Partners	Unusual	0.2	0.38	Buy	DCF
02/14/20	DMG & Partners	Unusual	0.21	0.35	Buy	DCF
02/14/20	UOB Kay Hian	Unusual	0.21	0.32	Buy
04/06/20	DMG & Partners	Unusual	0.126	0.16	Buy	DCF
05/28/20	UOB Kay Hian	Unusual	0.135	0.123	Hold	Buy @ $0.111
06/11/20	DMG & Partners	Unusual	0.133	0.16	Buy	DCF

United Hamspire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/17/20	UOB Kay Hian	United Hamspire	0.58	0.92	Buy	DDM
01/11/21	UOB Kay Hian	United Hamspire	0.645	0.92	Buy
03/02/21	UOB Kay Hian	United Hamspire	0.67	0.95	Buy

Uni-Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/12/20	Amfrasers	Uni-Asia	0.56	0.62	Neutral
08/26/20	Amfrasers	Uni-Asia	0.45	0.54	Neutral

Stock calls for 2 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/21	DBS Vickers	AEM	4.02	5.36	Buy
03/02/21	CIMB	AEM	4.02	4.63	Add	GGM, PB4.4x FY21
03/02/21	Phillip	Capitaland	3.17	3.75	Buy	RNAV (20% discount)
03/02/21	DBS Vickers	Centurion	0.34	0.38	Hold
03/02/21	CIMB	China Aviation Oil	1.12	1.17	Hold	PER10x FY22
03/02/21	DMG & Partners	China Aviation Oil	1.12	1.3	Buy
03/02/21	DBS Vickers	China Aviation Oil	1.12	1.38	Buy
03/02/21	CIMB	City Developments	7.57	8.97	Add
03/02/21	OCBC	City Developments	7.57	9.12	Buy
03/02/21	DMG & Partners	City Developments	7.57	8.7	Buy
03/02/21	DMG & Partners	Food Empire	0.915	1.27	Buy
03/02/21	CIMB	Frencken	1.27	1.4	Add
03/02/21	Kim Eng	Frencken	1.27	1.39	Buy
03/02/21	CIMB	HRnetGroup	0.58	0.7	Add
03/02/21	CIMB	Japfa	0.935	1.18	Add
03/02/21	UOB Kay Hian	Nanofilm	4.86	5.51	Buy
03/02/21	CIMB	Sasseur	0.86	0.909	Add
03/02/21	UOB Kay Hian	United Hamspire	0.67	0.95	Buy
03/02/21	CIMB	Yangzijiang	1.08	1.54	Add	PB0.8x FY21

Public distrust is eroding our society. - Part 2

https://www.asiaone.com/singapore/no-one-was-willing-help-woman-who-helped-collapsed-man-told-passers-being-nosy

Public indifference is an example of public distrust.  Therefore, it is hard to expect some samaritan to come forward to help someone in distress.  This kind of public distrust is getting very common nowadays.

Let's look at the past incidents.

http://sg-stock.blogspot.com/2019/04/public-distrust-is-eroding-our-society.html

http://sg-stock.blogspot.com/2018/02/kota-baru-snatch-theft-in-malaysia.html