Genting - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/21	UOB Kay Hian	Genting	0.86	1.08	Buy	EV/Ebitda11x FY21
01/13/21	Macquarie	Genting	0.87	0.95	outperform	EV/Ebitda
01/29/21	Kim Eng	Genting	0.865	0.95	Buy	DCF
02/10/21	Kim Eng	Genting	0.89	0.92	Hold	DCF
02/10/21	UOB Kay Hian	Genting	0.89	1.08	Buy	EV/Ebita
02/10/21	CIMB	Genting	0.89	1.05	Add	EV/Ebita9.5x CY22
02/10/21	DMG & Partners	Genting	0.89	0.94	Neutral
02/10/21	Citi Research	Genting	0.89	1.04	Buy
02/11/21	OCBC	Genting	0.865	1.02	Buy	EV/Ebitda8.5x FY21
05/10/21	UOB Kay Hian	Genting	0.85	1.08	Buy	EV/Ebitda
05/10/21	CIMB	Genting	0.85	1	Add	EV/Ebitda9.5x FY22
05/10/21	DBS Vickers	Genting	0.85	0.95	Buy	Sum of parts
05/10/21	Kim Eng	Genting	0.85	0.86	Hold	DCF
05/10/21	DMG & Partners	Genting	0.85	0.92	Neutral
05/10/21	Citi Research	Genting	0.85	1.01	Buy
05/12/21	OCBC	Genting	0.81	0.96	Buy	EV/Ebitda8.5x FY22
06/02/21	DBS Vickers	Genting	0.855	0.95	Buy
06/02/21	Kim Eng	Genting	0.855	1.16	Buy	DCF
06/02/21	Amfrasers	Genting	0.855	0.95	Buy	Buy @ $0.84
08/04/21	UOB Kay Hian	Genting	0.8	1.08	Buy
08/10/21	Kim Eng	Genting	0.79	1.16	Buy	DCF
08/13/21	DBS Vickers	Genting	0.8	1	Buy	Sum of parts
08/13/21	CIMB	Genting	0.8	0.95	Add	EV/Ebita9.5x FY22
08/16/21	DMG & Partners	Genting	0.8	0.92	Buy
09/03/21	DMG & Partners	Genting	0.78	0.92	Buy
10/29/21	UOB Kay Hian	Genting	0.78	1.08	Buy
11/10/21	UOB Kay Hian	Genting	0.815	1.08	Buy	EV/Ebitda10x FY22
11/10/21	DBS Vickers	Genting	0.815	1	Buy	Sum of parts
11/10/21	DMG & Partners	Genting	0.815	0.9	Buy
11/10/21	Citi Research	Genting	0.815	1.01	Buy
12/13/21	UOB Kay Hian	Genting	0.79	1.08	Buy

Fu Yu - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/21	Lim & Tan	Fu Yu	0.285	0	Take Profit
01/26/21	DMG & Partners	Fu Yu	0.285	0.33	Buy
02/24/21	CIMB	Fu Yu	0.28	0.355	Add	GGM, PB1.49x FY21
02/25/21	Lim & Tan	Fu Yu	0.28	0	Hold
03/08/21	DBS Vickers	Fu Yu	0.29	0.35	Buy	PER13x FY21
03/08/21	CIMB	Fu Yu	0.29	0.355	Add
03/30/21	DMG & Partners	Fu Yu	0.305	0.33	Buy
04/15/21	DMG & Partners	Fu Yu	0.32	0.37	Buy
05/10/21	DBS Vickers	Fu Yu	0.32	0.4	Buy	PER15.2x
07/19/21	DBS Vickers	Fu Yu	0.305	0.4	Buy
07/30/21	DMG & Partners	Fu Yu	0.29	0.37	Buy
08/25/21	CIMB	Fu Yu	0.325	0.33	Add	GGM, PB1.59x FY21
09/29/21	DMG & Partners	Fu Yu	0.29	0.37	Buy
11/12/21	DBS Vickers	Fu Yu	0.29	0.36	Buy	PER15.2x FY22
11/12/21	Lim & Tan	Fu Yu	0.29	0.37	Buy
11/18/21	DMG & Partners	Fu Yu	0.28	0.3	Neutral

Stock calls for 20 December 2021

Date	Analyst	Company	Last	Target	Call	Valuation
12/20/21	Lim & Tan	City Developments	6.78	9.2	Accumulate

We had warned about the higher volatilities after the FED meeting.

We had warned about the higher volatilities after the FED meeting. Please see below.

http://sg-stock.blogspot.com/2021/12/the-us-is-at-crossroad-now-and-it-may.html

The US markets closed deep in the red last Friday.  Things don't look well for today too because the US index futures are deeply in the red too.

Senators Cory Booker and Elizabeth Warren are infected with covid.

https://news.yahoo.com/sen-cory-booker-reveals-tested-024600394.html

Senators Cory Booker and Elizabeth Warren are infected with covid and they have all taken their booster shots.  These 2 cases show that 3 doses of mRNA vaccines cannot prevent covid infection.

China has cut its benchmark rate for the first time since the pandemic.

https://www.cnbc.com/2021/12/20/chinas-central-bank-cuts-1-year-loan-prime-rate.html

We had stated previously that China won't be cutting its benchmark rate because its elevated PPI and rising inflation.  Furthermore, China had just cut its RRR in December.  Therefore, it was unlikely that China would cut its benchmark rate in December again because the RRR cut has not been given the time to work its magic yet.  We are indeed surprised by this benchmark cut.

http://sg-stock.blogspot.com/2021/12/how-china-rrr-cut-will-impact-its.html

I think we've spooked China with our posting yesterday (see below) because we're seldom wrong in our analyses.  The timing is too uncanny because China cuts its benchmark rate immediately after our posting. 

http://sg-stock.blogspot.com/2021/12/another-constellation-is-aligning-and.html

Our regular viewers would know that we had projected the recent US recession and inflation spot-on.  Please read and watch our post and video on this below.

http://sg-stock.blogspot.com/2021/06/our-first-webcast-is-current-inflation.html