Sembcorp Industries - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/21	Lim & Tan	Sembcorp Industries	1.77	0	Neutral
01/25/21	UOB Kay Hian	Sembcorp Industries	1.77	2.02	Buy
02/23/21	Lim & Tan	Sembcorp Industries	1.62	0	Accumulate
02/23/21	Citi Research	Sembcorp Industries	1.62	1.24	Sell
02/24/21	CIMB	Sembcorp Industries	1.66	1.97	Add	PB1x CY21
02/24/21	UOB Kay Hian	Sembcorp Industries	1.66	2	Buy
02/24/21	DBS Vickers	Sembcorp Industries	1.66	1.85	Buy
02/25/21	phillip	Sembcorp Industries	1.62	1.77	Accumulate	PB0.85x FY21
03/15/21	CIMB	Sembcorp Industries	1.82	1.97	Add	PB1x CY21
03/17/21	UOB Kay Hian	Sembcorp Industries	1.82	2	Buy	PB
04/08/21	UOB Kay Hian	Sembcorp Industries	1.95	2.27	Buy	PB
04/19/21	HSBC	Sembcorp Industries	1.94	2.61	Buy	Up from $1.68, PB1.3x FY21
04/19/21	Credit Suisse	Sembcorp Industries	1.94	2.4	Outperform	sum of parts, PB1.2x FY21
04/22/21	OCBC	Sembcorp Industries	2.18	2.5	Buy
04/22/21	Citi Research	Sembcorp Industries	2.18	2.55	Buy
05/28/21	UOB Kay Hian	Sembcorp Industries	2.15	2.59	Buy	PB1.2x
05/28/21	DBS Vickers	Sembcorp Industries	2.15	2.4	Buy	PB1.2x
05/28/21	CIMB	Sembcorp Industries	2.15	2.43	Add	PER15x
05/31/21	phillip	Sembcorp Industries	2.2	2.07	Neutral	PB1x FY21
06/21/21	UOB Kay Hian	Sembcorp Industries	2.16	2.59	Buy
07/07/21	UOB Kay Hian	Sembcorp Industries	2.18	2.59	Buy
08/02/21	DBS Vickers	Sembcorp Industries	2.09	2.4	Buy	PB1.2x FY21/22
08/02/21	CIMB	Sembcorp Industries	2.09	2.43	Add
08/02/21	Lim & Tan	Sembcorp Industries	2.09	0	Hold
08/10/21	UOB Kay Hian	Sembcorp Industries	2	2.59	Buy
08/10/21	OCBC	Sembcorp Industries	2	2.5	Buy
08/10/21	CIMB	Sembcorp Industries	2	2.51	Add
08/18/21	phillip	Sembcorp Industries	1.97	2.01	Neutral	PB1x FY21
09/27/21	UOB Kay Hian	Sembcorp Industries	1.85	2.59	Buy
09/29/21	CIMB	Sembcorp Industries	1.84	2.51	Add	PER15x CY22
10/20/21	UOB Kay Hian	Sembcorp Industries	1.96	2.59	Buy	PB1.2x
11/16/21	OCBC	Sembcorp Industries	2.04	2.5	Buy
11/18/21	DBS Vickers	Sembcorp Industries	2.04	2.4	Buy
11/18/21	CIMB	Sembcorp Industries	2.04	2.51	Add
11/22/21	UOB Kay Hian	Sembcorp Industries	2.03	2.59	Buy	PB1.2x
12/02/21	Lim & Tan	Sembcorp Industries	1.93	2.57	Buy
12/10/21	Lim & Tan	Sembcorp Industries	2	2.55	Buy
12/13/21	UOB Kay Hian	Sembcorp Industries	2.01	2.59	Buy
12/13/21	Citi Research	Sembcorp Industries	2.01	2.52	Buy
01/06/22	CIMB	Sembcorp Industries	2.03	2.51	Add	PER15x CY22
01/14/22	Citi Research	Sembcorp Industries	2.14	2.52	Buy
01/26/22	UOB Kay Hian	Sembcorp Industries	2.21	2.59	Buy
02/03/22	CIMB	Sembcorp Industries	2.28	2.96	Add	Sum of parts, PER11x FY23
02/15/22	DBS Vickers	Sembcorp Industries	2.42	3	Buy	PB1.4x
02/24/22	UOB Kay Hian	Sembcorp Industries	2.46	2.95	Buy	GGM, PB1.3x FY22
02/24/22	DBS Vickers	Sembcorp Industries	2.46	3.2	Buy	GGM, PB1.4x FY22
02/28/22	OCBC	Sembcorp Industries	2.56	2.9	Buy
03/03/22	phillip	Sembcorp Industries	2.73	2.94	Accumulate	PB1.2x FY22
03/14/22	UOB Kay Hian	Sembcorp Industries	2.66	2.95	Buy
04/11/22	CIMB	Sembcorp Industries	2.85	2.96	Add	Sum of parts
04/12/22	Credit Suisse	Sembcorp Industries	2.84	3.3	Outperform	Up from $3
04/18/22	UOB Kay Hian	Sembcorp Industries	2.9	3.59	Buy	PER13.6x

SBS Transit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/11/21	CIMB	SBS Transit	2.97	3.6	Add
03/08/21	CIMB	SBS Transit	3.02	3.6	Add
05/11/21	CIMB	SBS Transit	3.06	3.5	Add
08/13/21	CIMB	SBS Transit	3	3.5	Add	PER13.2x CY21
09/02/21	DBS Vickers	SBS Transit	3.03	3.44	Hold	PB1.74x
11/05/21	DBS Vickers	SBS Transit	3	3.44	Hold
11/12/21	DBS Vickers	SBS Transit	2.98	3.39	Hold	PB1.74x
03/02/22	CIMB	SBS Transit	2.92	3.4	Add

Stock calls for 29 April 2022

Date	Analyst	Company	Last	Target	Call	Valuation
04/29/22	Kim Eng	AIMS AMP Cap Ind Reit	1.43	1.7	Buy	DDM
04/29/22	DBS Vickers	Cosco	0.24	0.26	Hold	PB1x FY22
04/29/22	OCBC	DBS	33.01	40	Buy
04/29/22	Lim & Tan	DBS	33.01	40	Accumulate
04/29/22	CIMB	ESR-Reit	0.41	0.474	Add	DDM
04/29/22	UOB Kay Hian	Far East Hospitality	0.68	0.82	Buy	DDM
04/29/22	CIMB	Far East Hospitality	0.68	0.78	Add
04/29/22	Kim Eng	Far East Hospitality	0.68	0.8	Buy
04/29/22	DBS Vickers	Far East Hospitality	0.68	0.78	Buy
04/29/22	Citi Research	Far East Hospitality	0.68	0.7	Buy
04/29/22	Phillip	Frasers Centrepoint Trust	2.47	2.71	Accumulate	DDM
04/29/22	Citi Research	Genting	0.81	1.01	Buy
04/29/22	DMG & Partners	Japan Foods	0.42	0.55	Buy	Sum of parts
04/29/22	OCBC	Keppel Corp	6.86	8.78	Buy
04/29/22	CIMB	Mapletree Logistics	1.78	2.1	Add	DDM
04/29/22	Lim & Tan	OCBC	11.96	14	Accumulate
04/29/22	OCBC	Sembcorp Marine	0.108	0.11	Sell
04/29/22	UOB Kay Hian	Sheng Siong	1.53	1.69	Hold	PER20x FY22
04/29/22	phillip	Sheng Siong	1.53	1.75	Buy
04/29/22	DBS Vickers	Starhill	0.595	0.75	Buy
04/29/22	OCBC	UOB	30.14	36.5	Buy
04/29/22	Lim & Tan	UOB	30.14	36.04	Accumulate

Is the US facing a recession soon?

https://finance.yahoo.com/news/deutsche-bank-just-predicted-major-200149855.html

Deutsche Bank has projected a major recession in the US starting from late 2023 to early 2024.  Why?

Things are not looking good for the US because the FED has to hike its FED rate aggressively and reduce the US liquidity significantly.

The latest GDP numbers also look gloomy.

Quarterly GDP: -1.4%

The Q1 2022 GDP has crashed to -1.4% from 6.9% in Q4 2021.

The significant drop in the GDP is not unexpected because the PMI and trucker rejection rate have dropped to a yearly low.

http://sg-stock.blogspot.com/2022/04/us-ism-mpi-decreased-to-571-in-march.html

http://sg-stock.blogspot.com/2022/04/is-us-consumer-demand-collapsing.html