China Aviation Oil - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/28/21	DMG & Partners	China Aviation Oil	1.05	1.26	Buy
08/02/21	DBS Vickers	China Aviation Oil	1.01	1.2	Buy	PER11x FY21/22
08/04/21	DMG & Partners	China Aviation Oil	1.02	1.2	Buy
08/30/21	DMG & Partners	China Aviation Oil	0.965	1.15	Buy
09/17/21	DMG & Partners	China Aviation Oil	0.975	1.15	Buy
10/05/21	DMG & Partners	China Aviation Oil	0.95	1.08	Buy
10/20/21	UOB Kay Hian	China Aviation Oil	1.03	1.25	Hold
10/27/21	DBS Vickers	China Aviation Oil	1.02	1.2	Buy
10/27/21	DMG & Partners	China Aviation Oil	1.02	1.13	Buy
02/03/22	DMG & Partners	China Aviation Oil	0.935	1.09	Buy
02/28/22	DBS Vickers	China Aviation Oil	0.94	1.2	Buy
03/03/22	DBS Vickers	China Aviation Oil	0.91	0.85	Hold	PER11x FY22
03/03/22	DMG & Partners	China Aviation Oil	0.91	1	Neutral
04/01/22	DMG & Partners	China Aviation Oil	0.915	1	Neutral	Sum of parts

Stock calls for 12 September 2022

Date	Analyst	Company	Last	Target	Call	Valuation
09/12/22	DMG & Partners	APAC Realty	0.635	0.75	Neutral
09/12/22	DBS Vickers	CapitaRetail China	1.09	1.55	Buy
09/12/22	DMG & Partners	City Developments	8.42	9.75	Buy
09/12/22	DBS Vickers	City Developments	8.42	10.5	Buy
09/12/22	Citi Research	City Developments	8.42	10.29	Buy	RNAV (25% disc)
09/12/22	phillip	Del Monte	0.335	0.69	Buy	PER10x FY22
09/12/22	DBS Vickers	Ho Bee	2.78	3.8	Buy
09/12/22	UOB Kay Hian	Keppel Corp	7.4	10.11	Buy	Sum of parts
09/12/22	Lim & Tan	Kimly	0.355	0.44	Buy
09/12/22	CIMB	Kimly	0.355	0.41	Hold	PER15.4x FY23
09/12/22	DBS Vickers	Sasseur	0.755	1.1	Buy
09/12/22	Lim & Tan	Tianjin Zhongxin	1.03	1.6	Buy
09/12/22	DBS Vickers	Wing Tai	1.66	2.05	Buy

What will the Fed do for its September meeting?

As of now, the projection is for a 75bp rate hike in September.  We will do another analysis when we're closer to the meeting date. 

Baltic dry index - 1213

 

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 759

 
Related stock: Sembcorp Marine & Cosco.

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/11/21	DBS Vickers	Centurion	0.33	0.38	Hold	DCF
08/18/21	UOB Kay Hian	Centurion	0.335	0.43	Buy	PB0.6x
09/20/21	DMG & Partners	Centurion	0.335	0.36	Neutral	Cut from $0.41
09/27/21	Lim & Tan	Centurion	0.34	0.4	Buy
11/23/21	UOB Kay Hian	Centurion	0.33	0.43	Buy	PB0.6x
03/09/22	DMG & Partners	Centurion	0.335	0.38	Buy
03/10/22	UOB Kay Hian	Centurion	0.415	0.45	Buy	PER8.4x FY22 & PB0.6x FY22
03/30/22	DBS Vickers	Centurion	0.36	0.42	Buy	DCF
05/23/22	UOB Kay Hian	Centurion	0.355	0.43	Buy	PER6.2x FY22
06/07/22	DMG & Partners	Centurion	0.37	0.43	Buy	DCF
07/26/22	DMG & Partners	Centurion	0.36	0.43	Buy	DCF
08/16/22	DMG & Partners	Centurion	0.38	0.51	Buy	PER7.5x FY22
08/17/22	UOB Kay Hian	Centurion	0.375	0.45	Buy	PER5.9x