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Monday, March 15, 2021

Boustead Projects - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

07/07/20

Lim & Tan

Boustead Projects

0.73

0

Hold


07/15/20

CIMB

Boustead Projects

0.79

0.88

Add


11/17/20

CIMB

Boustead Projects

0.8

0.95

Add

RNAV (50% discount)

01/04/21

CIMB

Boustead Projects

0.805

1.33

Add

RNAV (30% discount)

Stock calls for 15 March 2021

Date

Analyst

Company

Last

Target

Call

Valuation

03/15/21

Amfrasers

AEM

3.86

5.05

Outperform

PER14x FY21

03/15/21

DBS Vickers

Bumitama

0.475

0.66

Buy


03/15/21

CIMB

Dairy Farm

4.51

5.4

Add

PER22x FY22

03/15/21

DBS Vickers

Dairy Farm

4.51

5.02

Buy

Sum of parts

03/15/21

DMG & Partners

Dairy Farm

4.51

4.78

Neutral

PER21x FY21

03/15/21

DBS Vickers

First Resources

1.44

1.83

Buy


03/15/21

Kim Eng

Frencken

1.39

1.74

Buy

PER14.5x FY21

03/15/21

UOB Kay Hian

Koufu

0.665

0.77

Buy


03/15/21

Lim & Tan

Oceanus

0.036

0

Caution


03/15/21

CIMB

Sembcorp Industries

1.82

1.97

Add

PB1x CY21

03/15/21

Kim Eng

UMS

1.16

1.57

Buy

PER15x FY21

03/15/21

DMG & Partners

Wilmar

5.34

6.3

Buy


03/15/21

DBS Vickers

Wilmar

5.34

6.67

Buy


New lockdowns are coming in Europe!

https://sg.news.yahoo.com/third-covid-wave-sweeps-across-104529369.html

EU is contemplating new lockdowns now because of resurging covid infections which are probably due to the new variants.

We had already warned about the resurging infections last week!

The West is behind the Myanmar's protests again!

I've been observing Myanmar's situation and I will share my observations here.

Myanmar's generals did a military coup to wrestle control from Aung San Suu Kyi after suffering a major defeat in its election.  Thereafter, huge protests manifested in Myanmar.

Then, the Myanmar junta leader sought advice from Thailand because the current Thailand PM had done a successful military coup before and continue to stay in power.  The junta leader hoped that he could learn from the Thai's lesson too.

https://www.channelnewsasia.com/news/asia/myanmar-junta-min-aung-hlaing-prayut-chan-o-cha-help-14161958

Instead of protesting outside Thailand's embassy, the Myanmarese protested outside China's embassy for supporting the junta leader.  The Myanmarese ignored the fact that the Thai PM was providing advice to the junta leader and singled out China.  This raised an alarming uncanny feeling in me as the Myanmarese are barking up the wrong tree.

https://www.channelnewsasia.com/news/asia/myanmar-anti-coup-protesters-rally-at-chinese-embassy-14171132

Next, China, Russia, Vietnam and India vetoed a UN condemnation for Myanmar's military coup.  However, only China was singled out again as a reprehensible member by the Western media.

https://sg.news.yahoo.com/child-screams-myanmar-china-pretends-073025346.html

It looks like whenever something happens, the west will label China as a heinous culprit.  I think this has gone too far and too much.  It's like whenever you have constipation, you can blame it on China too.

Sunday, March 14, 2021

The US is facing rising rates pressure in 2021. - Part 4

 The 10-year yield (risk-free rate) had crossed 1.6% already.

The 10-year note price had continued its downward trend because of its inverse relationship to the yield.


If you want to know the proximate cause of the spike in bond yield, please read our previous post below.

http://sg-stock.blogspot.com/2021/02/the-us-is-facing-rising-rates-pressure.html

Baltic dry index = 1960

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) = 402

 

Related stock: Sembcorp Marine & Cosco.

Friday, March 12, 2021

Boustead - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

07/08/20

Lim & Tan

Boustead

0.645

0

Accumulate


07/15/20

CIMB

Boustead

0.705

1

Add


11/17/20

CIMB

Boustead

0.78

1.2

Add

Sum of parts

Avi-Tech - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

06/02/20

CIMB

Avi-Tech

0.39

0.422

Add


06/24/20

Lim & Tan

Avi-Tech

0.385

0

Buy


06/26/20

UOB Kay Hian

Avi-Tech

0.39

0.57

Buy


07/03/20

DMG & Partners

Avi-Tech

0.41

0.5

Buy

DCF

08/31/20

CIMB

Avi-Tech

0.43

0.492

Add


08/31/20

UOB Kay Hian

Avi-Tech

0.43

0.495

Buy


09/18/20

DMG & Partners

Avi-Tech

0.42

0.52

Buy

DCF

09/21/20

Lim & Tan

Avi-Tech

0.42

0.505

Buy

PER13.9x FY21

10/08/20

Lim & Tan

Avi-Tech

0.425

0

Buy


01/20/21

Lim & Tan

Avi-Tech

0.485

0

Take Profit


02/10/21

Lim & Tan

Avi-Tech

0.475

0

Take Profit


02/15/21

DMG & Partners

Avi-Tech

0.42

0.42

Neutral


Ascendas India Trust - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

07/29/20

DBS Vickers

Ascendas India Trust

1.33

1.85

Buy

DDM

01/29/21

DBS Vickers

Ascendas India Trust

1.55

1.85

Buy

DDM

02/23/21

DBS Vickers

Ascendas India Trust

1.51

1.85

Buy


03/09/21

DBS Vickers

Ascendas India Trust

1.49

1.85

Buy

DDM