Parkway Life - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/20	UOB Kay Hian	Parkway Life	3.44	3.8	Buy	DDM
07/29/20	Lim & Tan	Parkway Life	3.44	0	Hold
07/30/20	CIMB	Parkway Life	3.44	3.43	Hold
09/04/20	DBS Vickers	Parkway Life	3.89	4	Buy
11/05/20	CIMB	Parkway Life	4.1	4.03	Hold	DDM
12/11/20	Lim & Tan	Parkway Life	3.82	0	Hold
01/27/21	CIMB	Parkway Life	4.06	4.11	Hold
02/09/21	UOB Kay Hian	Parkway Life	4.04	4.38	Buy	DDM
04/20/21	DBS Vickers	Parkway Life	4.1	4.5	Buy	DCF
04/23/21	Lim & Tan	Parkway Life	4.21	0	Hold
04/26/21	UOB Kay Hian	Parkway Life	4.16	4.38	Buy	DDM

Stock calls for 29 April 2021

Date	Analyst	Company	Last	Target	Call	Valuation
04/29/21	Lim & Tan	ART	1.06	0	Neutral
04/29/21	Phillip	First Sponsor	1.39	1.55	Accumulate	Sum of parts (20% discount)
04/29/21	CIMB	ISDN	0.705	0.844	Add	PER12.5x FY22
04/29/21	CIMB	Jiutian	0.1	0.15	Add
04/29/21	UOB Kay Hian	Mapletree Commercial	2.18	2.5	Buy	DDM
04/29/21	phillip	Sheng Siong	1.55	1.71	Accumulate	PER25x FY21
04/29/21	CIMB	Suntec Reit	1.57	1.76	Add
04/29/21	OCBC	Suntec Reit	1.57	1.56	Hold

Fully vaccinated nurse was infected in TTSH.

https://www.todayonline.com/singapore/fully-vaccinated-nurse-tan-tock-seng-hospital-tests-positive-covid-19-doctor-and-3

We have a few fully vaccinated people getting infected in Singapore already and the medical experts are still saying that this situation is rare.

We had stated our reasoning on why fully vaccinated people were getting infected.

http://sg-stock.blogspot.com/2021/04/vaccinated-man-got-infected-after.html

Another constellation is aligning and a big financial crisis is brewing this time. - Part 11

We are picking up signs of impending financial stresses in the US in 2022 and we will be sharing our opinions.  Please note that this is the first time we are putting a timeline for our projected financial crisis.

The US FED has accumulated a lot of assets with its QE program since the pandemic.

However, the excess liquidity provided by the US FED did not go to the main street.  Instead, most of the liquidity went into the financial market which caused the velocity of M2 to decline significantly.  Furthermore, the excess liquidity had created many zombies firms and these firms would get into financial troubles when the FED started to rein in its QE.  Many of such firms will default on their debts.

Bloomberg had indicated that the US would start to conduct bond tapering in Q1 2022 which would impact the financial market and zombies firms.

https://finance.yahoo.com/news/fed-taper-bond-buying-fourth-040000553.html

Moreover, scientists had indicated that the current vaccines could be ineffective in 2022.  If there is no new vaccine in 2022, there will be another major covid outbreak again.

http://sg-stock.blogspot.com/2021/03/scientists-current-vaccines-could-be.html

Last but not least, continuous China's monetary tightening will cause the US treasury yield (risk-free rate) to exceed 2% in 2022 and the conflation of these factors may cause a US financial crisis in 2022.

http://sg-stock.blogspot.com/2021/04/chinas-monetary-tightening-will-impact.html

As you can see, I keep mentioning 2022 in my analyses and I don't believe in many coincidences. 

When I predicted the US recession with my analyses, I also saw many coincidences which led me to believe that the US recession would happen in 2020 (Please see below).

http://sg-stock.blogspot.com/2019/12/the-recession-constellation-are.html

Pan-United - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/18/20	Lim & Tan	PanUnited	0.31	0	Buy
06/23/20	Lim & Tan	PanUnited	0.315	0	Hold
08/04/20	Lim & Tan	PanUnited	0.29	0.31	Hold	PB1x FY20
09/11/20	Lim & Tan	PanUnited	0.29	0.31	Hold	PB1x FY20
03/29/21	phillip	PanUnited	0.295	0.4	Buy	EV/Ebitda7.8x FY21

Oxley - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/27/20	DMG & Partners	Oxley	0.23	0.29	Buy	RNAV (55% discount)
07/14/20	DMG & Partners	Oxley	0.235	0.29	Buy
09/01/20	UOB Kay Hian	Oxley	0.225	0.37	Buy	RNAV (30% discount)
09/28/20	DMG & Partners	Oxley	0.215	0.27	Buy
01/13/21	DMG & Partners	Oxley	0.235	0.27	Buy
02/15/21	DMG & Partners	Oxley	0.23	0.27	Buy
02/15/21	Lim & Tan	Oxley	0.23	0	Buy
02/18/21	UOB Kay Hian	Oxley	0.235	0.37	Buy
04/27/21	UOB Kay Hian	Oxley	0.26	0.37	Buy	RNAV (30% discount)

Overseas Edu - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/18/20	Lim & Tan	Overseas Edu	0.32	0	Buy on weakness
06/18/20	CIMB	Overseas Edu	0.32	0.423	Add
08/17/20	Lim & Tan	Overseas Edu	0.29	0	Buy
09/02/20	CIMB	Overseas Edu	0.28	0.26	Hold
04/07/21	Lim & Tan	Overseas Edu	0.315	0	Accumulate on weakness