Netlink - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/08/20	DBS Vickers	Netlink	1	1.02	Hold	DCF
05/11/20	phillip	Netlink	0.985	1.03	Accumulate	DCF
05/11/20	UOB Kay Hian	Netlink	0.985	1.08	Buy
06/26/20	Morgan Stanley	Netlink	0.975	1	Overweight
07/13/20	OCBC	Netlink	0.98	1.1	Buy
07/28/20	Kim Eng	Netlink	0.965	1.08	Buy	DDM
08/07/20	DBS Vickers	Netlink	0.97	1.02	Hold	DCF
08/07/20	Kim Eng	Netlink	0.97	1.07	Buy	DDM
08/07/20	OCBC	Netlink	0.97	1.1	Buy
08/11/20	phillip	Netlink	0.965	1.03	Accumulate	DCF
08/11/20	UOB Kay Hian	Netlink	0.965	1.08	Buy	DCF
08/13/20	CIMB	Netlink	0.965	1.1	Add
10/05/20	phillip	Netlink	0.97	1.03	Accumulate
10/13/20	UOB Kay Hian	Netlink	0.98	1.08	Buy
11/09/20	UOB Kay Hian	Netlink	0.975	1.08	Buy	DCF
11/09/20	Lim & Tan	Netlink	0.975	0	Hold
11/10/20	Kim Eng	Netlink	0.98	1.11	Buy	DDM
11/10/20	DBS Vickers	Netlink	0.98	1.02	Hold	DCF
11/10/20	OCBC	Netlink	0.98	1.1	Buy
11/11/20	phillip	Netlink	0.975	1.03	Accumulate	DCF
11/11/20	CIMB	Netlink	0.975	1.1	Add
12/01/20	Kim Eng	Netlink	0.965	1.11	Buy
12/11/20	CIMB	Netlink	0.96	1.1	Add	DDM
01/26/21	UOB Kay Hian	Netlink	0.96	1.08	Buy	DCF
02/26/21	CIMB	Netlink	0.94	1.1	Add	DDM
02/26/21	OCBC	Netlink	0.94	1.1	Buy
02/26/21	Kim Eng	Netlink	0.94	1.11	Buy

Stock calls for 26 April 2021

Date	Analyst	Company	Last	Target	Call	Valuation
04/26/21	Kim Eng	A-Reit	3.11	3.65	Buy	DDM
04/26/21	CIMB	ARA Logistics	0.75	0.814	Add	DDM
04/26/21	Kim Eng	Aztech	1.41	1.86	Buy	PER18x FY21
04/26/21	CIMB	Elite ComReit	0.665	0.79	Add	DDM
04/26/21	Phillip	Fortress Minerals	0.445	0.64	Buy	PER11x FY22
04/26/21	Kim Eng	Frasers Centrepoint Trust	2.45	2.9	Buy	DDM
04/26/21	UOB Kay Hian	Frasers Centrepoint Trust	2.45	3.06	Buy
04/26/21	Lim & Tan	Frasers Centrepoint Trust	2.45	0	Accumulate
04/26/21	UOB Kay Hian	Ifast Corp	6.52	7.96	Buy
04/26/21	CIMB	Ifast Corp	6.52	8	Add
04/26/21	Jefferies	Ifast Corp	6.52	7.8	Buy
04/26/21	Phillip	Keppel Corp	5.45	6.12	Buy	Sum of parts (10% discount), PB1x FY21
04/26/21	UOB Kay Hian	Parkway Life	4.16	4.38	Buy	DDM
04/26/21	Kim Eng	Suntec Reit	1.55	1.25	Sell	DDM

China offers to help India after the US snubs India.

https://www.cnbctv18.com/healthcare/china-offers-to-help-india-in-fight-against-covid-19-second-wave-9035401.htm

China offers to help India after the US snubs India.  Kudos to China for putting aside the Indian hostilities!

https://timesofindia.indiatimes.com/world/us/first-obligation-is-to-americans-says-us-on-indias-request-for-vaccine-raw-materials/articleshow/82219263.cms

India is part of the Quad Alliance and also Indo-Pacific Alliance that are under the US.  Instead of helping the QA and IPA member (India), the US rejects India's plea for vaccines.

India, please look at Syrian Kurds and learn the lesson.  The US is never a trustworthy country.

The real motive behind the US green technology movement.

Was the US really concerned about the environment or carbon emission?

Well, if the Americans were concerned about the environment or carbon emission, they won’t vote for Trump who refused to believe in climate change and the US also won’t pull out of the Paris climate agreement.  The US also won’t develop its fracking technology and export its shale oil to China and Asia.  Therefore, the US actions had shown that it wasn’t concerned about carbon emission at all.

What is the real purpose or motive behind the US green technology movement then?

https://www.ucsusa.org/resources/each-countrys-share-co2-emissions

China is the largest co2 emissions country now because it is the world manufacturing hub that produces for world consumptions.  Therefore, the US has political propaganda to use the green technology movement to slow down China's growth and development.  Simultaneously, this movement will also contain Asian growth so that the US will still retain its hegemony.  The west, particularly the US, had benefitted from using the cheapest source of energy (fossil fuel) for its economic developments and the US didn’t want China to prosper and enjoy the same path of success.

The green technology movement is very expensive to carry out because Asia has to revamp its fossil fuel infrastructures and facilities.  Since many Asian countries are developing nations, they do not have the budgets to do the necessary upgrades.  Those countries that can afford to implement the green technologies will experience higher costs of production whilst those countries that cannot afford to do so will be taxed for carbon emissions for their exports and this new emission tax will make their products less competitive.  In a nutshell, the US green technology movement will make Asian goods less competitive so that the US can gain a competitive advantage over Asia.

China has decided to accept the green technology movement because it is trying to be a responsible country.  Thus, I foresee that China will be conducting a major economic restructuring in the future by phasing out many non-essential or non-strategic manufacturing industries and these manufacturers will need to relocate to other developing Asian countries.  Consequently, China will also be moving into advanced technology developments, higher-value services, and developing its financial market to replace the phase-out industries.

In conclusion, the US green technology movement is not as noble and innocent as it looks because it is used to masquerade the true intention of containing China.

Vaccinated man got infected after caring for his mother in SG.

https://www.channelnewsasia.com/news/singapore/covid-19-vaccinated-man-mother-quarantine-singapore-apr-24-moh-14685250

It is expected that one would get infected after vaccination when one was exposed to the covid virus on a daily basis because the US vaccine trials used the general public who were not exposed to the virus on a daily basis and also excluded many asymptomatic patients in their assessments.

I believed the Sinovac vaccine was more effective because its trial included a high-risk group and included asymptomatic patients.

http://sg-stock.blogspot.com/2021/03/astrazeneca-doesnt-take-into-account.html

If we continue to believe in the US trials and ignore the lax standards used in the US, we will see our infection rate rises with our vaccination rate despite the high efficacy rate in the US vaccines.

Conflicting results presented by the UK on Pfizer vaccine.

https://sg.news.yahoo.com/one-dose-astrazeneca-pfizers-vaccine-230100727.html

The UK has just released a study that touts Pfizer's efficacy on a single dose.

However, earlier real-world results in Israel presented a different story.

https://sg-stock.blogspot.com/2021/01/more-than-12k-israelis-are-getting.html

https://sg-stock.blogspot.com/2021/01/israels-virus-czar-says-1st-dose.html

Same vaccine but different results in 2 countries!  This is so confusing!

Global rate hikes are coming! - Part 5

https://finance.yahoo.com/news/inflation-forces-bank-canada-hand-195858016.html

Canadian inflation has doubled this year from last year and it is not due to the low base effect.

Therefore, Canada will be the first western country to conduct QE tapering and hike its interest rates.

Russia has hiked its rate the 2nd time this year.

https://finance.yahoo.com/news/russia-surprises-50-basis-point-110726549.html

Margin debt has a great impact on the stock market.

Let's take a look at margin debt and we can see its impact on the stock market.

The margin debt has a high correlation with the stock market and it is at a historic high.  When the margin debt starts falling, it will trigger a recession and also a market crash of more than 20%.

Nanofilm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/26/20	UOB Kay Hian	Nanofilm	3.1	4.07	Buy	PEG
12/10/20	UOB Kay Hian	Nanofilm	3.53	4.52	Buy	PER38.7x FY21
12/14/20	CIMB	Nanofilm	3.9	5.52	Add	PER35.3x FY22
03/02/21	UOB Kay Hian	Nanofilm	4.86	5.51	Buy	PER35x FY22
03/03/21	CIMB	Nanofilm	5.04	5.52	Add
03/18/21	DBS Vickers	Nanofilm	4.65	6.22	Buy	PEG1.13x
04/19/21	CIMB	Nanofilm	5.17	5.52	Add

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/02/20	DBS Vickers	MM2 Asia	0.175	0.14	Fully Valued	Sum of parts, PER6x FY21
11/16/20	DBS Vickers	MM2 Asia	0.17	0.13	Fully Valued	Sum of parts, PER10x FY22
02/22/21	DBS Vickers	MM2 Asia	0.083	0.089	Hold	Sum of parts