Propnex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/21	phillip	Propnex	0.77	0.85	Buy
02/24/21	Lim & Tan	Propnex	0.78	0	Accumulate on weakness
02/26/21	UOB Kay Hian	Propnex	0.81	0.97	Buy
02/26/21	CIMB	Propnex	0.81	0.888	Add
03/01/21	phillip	Propnex	0.81	1	Buy	DCF
03/08/21	Lim & Tan	Propnex	0.875	1	Buy	PER11.6x FY21
05/11/21	Lim & Tan	Propnex	1.09	0	Buy
05/12/21	UOB Kay Hian	Propnex	1.1	1.34	Buy
05/17/21	phillip	Propnex	1.14	1.36	Buy	DCF
05/17/21	CIMB	Propnex	1.14	1.19	Add
08/12/21	UOB Kay Hian	Propnex	1.96	2.09	Hold	PER12.5x
08/13/21	CIMB	Propnex	1.95	2.05	Hold	DCF & PER
08/16/21	phillip	Propnex	1.9	2.08	Accumulate	DCF
08/18/21	Lim & Tan	Propnex	1.88	2.19	Accumulate	PER13.5x FY21
08/27/21	SAC Capital	Propnex	1.92	2	Hold	PER13.8x FY21, Up from $1.27
09/17/21	DBS Vickers	Propnex	1.78	1.83	Hold	PER12x FY22
10/06/21	UOB Kay Hian	Propnex	1.69	1.97	Buy	PER11.1x
10/07/21	DBS Vickers	Propnex	1.75	1.83	Hold
11/11/21	UOB Kay Hian	Propnex	1.9	2.17	Buy	PER12.6x
11/11/21	DBS Vickers	Propnex	1.9	1.84	Hold	PER12x FY22
11/11/21	CIMB	Propnex	1.9	2.07	Hold
11/15/21	phillip	Propnex	1.92	2.08	Accumulate	DCF
12/01/21	CIMB	Propnex	1.78	2.07	Hold
12/01/21	UOB Kay Hian	Propnex	1.78	2.17	Buy	PER12.6x
12/01/21	phillip	Propnex	1.78	2.08	Accumulate
12/01/21	DBS Vickers	Propnex	1.78	1.84	Hold	PER12x FY22
12/01/21	SAC Capital	Propnex	1.78	1.94	Hold	PER13.68x
02/25/22	UOB Kay Hian	Propnex	1.71	2.22	Buy
02/28/22	phillip	Propnex	1.76	1.74	Hold	DCF
03/01/22	DBS Vickers	Propnex	1.72	1.71	Hold	PER13x FY22
03/01/22	CIMB	Propnex	1.72	2.07	Add
03/08/22	SAC Capital	Propnex	1.69	1.78	Hold

Stock calls for 25 April 2022

Date	Analyst	Company	Last	Target	Call	Valuation
04/25/22	UOB Kay Hian	Ifast Corp	5.66	5.17	Hold	PER40.3x FY22, Buy @ $4.40
04/25/22	DBS Vickers	Ifast Corp	5.66	8.75	Buy	DCF
04/25/22	Citi Research	Ifast Corp	5.66	5.2	Sell
04/25/22	Phillip	LHN	0.34	0.49	Buy
04/25/22	UOB Kay Hian	Mapletree Commercial	1.92	2.52	Buy	DDM
04/25/22	UOB Kay Hian	SATS	4.47	4.85	Buy
04/25/22	UOB Kay Hian	SIA	5.52	4.85	Hold
04/25/22	UOB Kay Hian	SIA Engineering	2.65	2.9	Buy

IMF had downgraded global growth in 2022 & 2023.

https://www.imf.org/en/Publications/WEO/Issues/2022/04/19/world-economic-outlook-april-2022

The IMF had downgraded global growth in 2022 and 2023 to 3.6%.  This meant that economic growth will remain stagnant in 2023.

Baltic dry index - 2307

 

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 695

Related stock: Sembcorp Marine & Cosco.

US FED supports 50bp rate hike in May 2022!

https://finance.yahoo.com/news/powell-backs-front-loading-fed-173947025.html

Just as we had projected in January 2022, the US FED would be hiking aggressively in the 1st half of 2022.  It looks like the US FED will start to hike its rates aggressively in May and June 2022.

http://sg-stock.blogspot.com/2022/01/the-true-economic-situation-in-us.html

The current US FED range is 0.25-0.5% now but the US mortgage rate has crossed 5%.

The US mortgage rate will be doubled from last year by the end of 2022 when the US FED keeps hiking its rates at every meeting.  The housing market will be in serious trouble when the mortgage rate is doubled.

Procurri - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/22/21	Amfrasers	Procurri	0.335	0.38	Neutral