Stock calls for 4 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/21	UOB Kay Hian	ARA Logistics	0.715	0.89	Buy
03/04/21	UOB Kay Hian	Centurion	0.34	0.445	Buy	PB0.6x
03/04/21	Lim & Tan	Food Empire	0.905	0	Accumulate on weakness
03/04/21	CIMB	Frasers Centrepoint Trust	2.48	3.01	Add
03/04/21	UOB Kay Hian	GHY	0.735	1.18	Buy
03/04/21	CIMB	Golden Agri	0.192	0.199	Hold
03/04/21	DMG & Partners	Golden Agri	0.192	0.25	Trading Buy
03/04/21	OCBC	Golden Agri	0.192	0.21	Hold
03/04/21	Lim & Tan	Innotek	0.695	0	Accumulate on weakness
03/04/21	CIMB	Lendlease Reit	0.785	0.858	Add
03/04/21	UOB Kay Hian	Lendlease Reit	0.785	0.97	Buy
03/04/21	UOB Kay Hian	OCBC	11.25	14.68	Buy
03/04/21	CIMB	SPH Reit	0.83	1.06	Add
03/04/21	UOB Kay Hian	Suntec Reit	1.49	1.72	Buy
03/04/21	OCBC	Yanlord	1.16	1.24	Hold

US M1 and M2 money supply analysis.

M1 growth (yoy) = 68%, M1 is defined as near money(cheques), physical currencies and coins.

M2 growth (yoy) = 25%, M2 is defined as M1 plus time and saving deposits including foreign currencies.

Therefore, the M1 & M2 growth gap (68%-25% = 43%) will denote liquidity in the economy.

What does this M1-M2 growth gap mean?

It means that the US FED's QE is not really working because the growth gap (43%) is indicating very high liquidity in the economy which defies the FED's intention to boost economic growth. 

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

Conversely, when this growth gap narrows, it means that people are putting the cheap monies to good uses which will boost consumer spendings and investments in businesses.

UOL - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/20	DBS Vickers	UOL	8.32	9.5	Buy	RNAV (28% discount), PB0.8x
02/19/20	Macquarie	UOL	8.12	10.1	Outperform
03/02/20	OCBC	UOL	7.37	9.6	Buy	RNAV (30% discount)
03/02/20	DBS Vickers	UOL	7.37	9.5	Buy	RNAV (28% discount)
03/02/20	Lim & Tan	UOL	7.37	0	Buy on weakness
03/05/20	Macquarie	UOL	7.4	10.1	Outperform
05/19/20	Lim & Tan	UOL	6.67	0	Buy
05/19/20	CIMB	UOL	6.67	7.25	Add
05/28/20	Macquarie	UOL	6.71	10.15	Outperform
07/30/20	DBS Vickers	UOL	6.7	9.5	Buy
08/06/20	DBS Vickers	UOL	6.59	8.4	Buy	RNAV (30% discount), PB0.7x
08/14/20	CIMB	UOL	6.64	7.29	Add
08/19/20	Macquarie	UOL	6.53	8.85	Outperform
09/15/20	Lim & Tan	UOL	6.65	0	Buy
09/16/20	CIMB	UOL	6.7	7.29	Add
10/16/20	CIMB	UOL	6.76	7.29	Add
10/16/20	Lim & Tan	UOL	6.76	0	Buy
11/12/20	CIMB	UOL	7.09	7.6	Add
11/13/20	Lim & Tan	UOL	7.01	0	Buy
11/13/20	OCBC	UOL	7.01	8.48	Buy
11/30/20	Macquarie	UOL	7.55	8.85	Outperform
12/04/20	CIMB	UOL	7.45	7.6	Add
12/07/20	Macquarie	UOL	7.67	8.85	Outperform
12/16/20	Macquarie	UOL	7.68	9.1	Outperform	RNAV (35% discount)
01/19/21	CIMB	UOL	7.89	7.6	Add
01/20/21	Macquarie	UOL	7.83	8.85	Outperform
03/01/21	CIMB	UOL	7.39	7.91	Add
03/01/21	Lim & Tan	UOL	7.39	0	Accumulate

UOB-Kay Hian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/06/20	Lim & Tan	UOB-Kay Hian	1.16	0	Buy