AIMS AMP Cap Ind Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/15/20	DBS Vickers	AIMS AMP Cap Ind Reit	1.18	1.4	Buy	DCF
05/28/20	Macquarie	AIMS AMP Cap Ind Reit	1.22	1.45	Outperform
06/02/20	Kim Eng	AIMS AMP Cap Ind Reit	1.26	1.5	Buy
06/02/20	DBS Vickers	AIMS AMP Cap Ind Reit	1.26	1.4	Buy
07/24/20	DBS Vickers	AIMS AMP Cap Ind Reit	1.23	1.4	Buy	DCF
08/12/20	DBS Vickers	AIMS AMP Cap Ind Reit	1.17	1.4	Buy	DCF
08/19/20	Macquarie	AIMS AMP Cap Ind Reit	1.18	1.45	Outperform
10/27/20	Lim & Tan	AIMS AMP Cap Ind Reit	1.21	0	Accumulate
10/28/20	Kim Eng	AIMS AMP Cap Ind Reit	1.21	1.5	Buy	DDM
12/08/20	Amfrasers	AIMS AMP Cap Ind Reit	1.19	1.35	Outperform	DDM
01/04/21	DBS Vickers	AIMS AMP Cap Ind Reit	1.25	1.4	Buy
01/28/21	Lim & Tan	AIMS AMP Cap Ind Reit	1.29	0	Accumulate
02/05/21	DBS Vickers	AIMS AMP Cap Ind Reit	1.28	1.5	Buy	DCF, PB1.11x

Stock calls for 10 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/21	DMG & Partners	Comfortdelgro	1.7	1.9	Buy
03/10/21	DMG & Partners	Frencken	1.26	1.52	Buy
03/10/21	CIMB	Q&M	0.645	0.92	Add	PER20x FY22
03/10/21	CIMB	Top Glove	1.69	2.55	Add	Ringgit target $7.8
03/10/21	Kim Eng	Top Glove	1.69	1.58	Hold	Ringgit target $4.85, DCF
03/10/21	UOB Kay Hian	Top Glove	1.69	2.48	Buy	Ringgit target $7.60
03/10/21	DBS Vickers	UMS	1.1	1.57	Buy	PER17x
03/10/21	Phillip	Yoma	0.157	0.156	Neutral	PB0.45x

China's monetary tightening will impact the USD. Why? - Part 2

China's credit impulse chart by PIMCO (a few days ago):

Let's look at the impacts of China's monetary tightening again.

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

Monetary tightening => Credit impulse => USD & Base Metals => Treasury yields

Since US Treasury's yields will be impacted, how can we assess the risks in bonds?

When we want to assess the stock market risks, we will look at the VIX index.

Is there a bond risk index then?  Yes, we can look at the MOVE index for bond risks.

As we can see, the MOVE index is not as high as in March 2020 which means that the bond risk is still tolerable for the investors.

AEM - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/08/20	Kim Eng	AEM	3.58	4.04	Buy	PER4.8x FY20/21
05/11/20	CIMB	AEM	3.06	3.58	Add	GGM, PB4.86x
05/11/20	DBS Vickers	AEM	3.06	2.87	Hold	PER10x FY21
05/14/20	Amfrasers	AEM	3.15	3.61	Outperform	PER12x FY20
06/30/20	DBS Vickers	AEM	2.93	3.53	Buy	PER10.4x FY21
07/24/20	Amfrasers	AEM	3.68	4.24	Outperform
07/27/20	Kim Eng	AEM	3.51	4.04	Buy	PB4.8x FY20/21
08/04/20	CIMB	AEM	3.66	4.63	Add	GGM
08/05/20	DBS Vickers	AEM	4.17	4.96	Buy	PER13.7x FY21
08/05/20	Kim Eng	AEM	4.17	4.26	Buy
08/05/20	Amfrasers	AEM	4.17	4.6	Outperform
09/11/20	Kim Eng	AEM	3.29	5.05	Buy
10/07/20	CIMB	AEM	3.62	4.63	Add
10/12/20	Amfrasers	AEM	3.65	4.78	Outperform
10/13/20	DBS Vickers	AEM	3.68	4.96	Buy
11/05/20	Kim Eng	AEM	3.47	5.05	Buy	PER14x FY21
11/05/20	DBS Vickers	AEM	3.47	5.16	Buy	PER13.7x FY21
11/06/20	Amfrasers	AEM	3.54	5.26	Outperform
01/04/21	DBS Vickers	AEM	3.45	5.16	Buy	PER13.7x FY21
01/13/21	Kim Eng	AEM	3.84	5.05	Buy
01/13/21	CIMB	AEM	3.84	4.63	Add	GGM, PB6.09x FY21
02/03/21	DBS Vickers	AEM	4.35	5.16	Buy
03/01/21	Kim Eng	AEM	4.03	5.05	Buy	PER14x FY21
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

Accordia Golf Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/20	Amfrasers	Accordia Golf Trust	0.745	0.75	Accept offer