Ifast Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/01/21	CIMB	Ifast Corp	8.15	8	Add
07/26/21	Lim & Tan	Ifast Corp	9.18	0	Take Profit
07/26/21	UOB Kay Hian	Ifast Corp	9.18	11.5	Buy	DCF, PER73.1x FY22
07/27/21	CIMB	Ifast Corp	8.84	8.31	Hold
07/27/21	DBS Vickers	Ifast Corp	8.84	12.1	Buy	DCF
08/02/21	CIMB	Ifast Corp	8.02	12.5	Add	DCF
10/21/21	Citi Research	Ifast Corp	9.88	7	Sell
10/21/21	UOB Kay Hian	Ifast Corp	9.88	11.5	Buy	DCF
10/26/21	Citi Research	Ifast Corp	9.21	7.5	Sell
10/26/21	DBS Vickers	Ifast Corp	9.21	12.93	Buy	DCF
01/10/22	Citi Research	Ifast Corp	7.85	7.5	Sell
01/10/22	DBS Vickers	Ifast Corp	7.85	11.37	Buy	DCF
01/10/22	UBS	Ifast Corp	7.85	11	Buy
01/13/22	UOB Kay Hian	Ifast Corp	7.86	9.75	Buy	DCF
01/27/22	Citi Research	Ifast Corp	6.84	6.2	Sell
02/15/22	Citi Research	Ifast Corp	6.18	5.2	Sell
02/15/22	DBS Vickers	Ifast Corp	6.18	10.85	Buy	DCF
02/15/22	CIMB	Ifast Corp	6.18	7.6	Add
02/17/22	UOB Kay Hian	Ifast Corp	6.36	9.84	Buy	DCF
04/25/22	Citi Research	Ifast Corp	5.66	5.2	Sell
04/25/22	DBS Vickers	Ifast Corp	5.66	8.75	Buy	DCF
04/25/22	UOB Kay Hian	Ifast Corp	5.66	5.17	Hold	PER40.3x FY22, Buy @ $4.40
04/26/22	Citi Research	Ifast Corp	5.31	4.2	Sell
04/26/22	DBS Vickers	Ifast Corp	5.31	5.42	Hold	DCF
07/20/22	Citi Research	Ifast Corp	4.12	3.8	Sell
07/25/22	Lim & Tan	Ifast Corp	3.99	5.93	Neutral
07/26/22	DBS Vickers	Ifast Corp	3.87	4.08	Hold	DCF
07/26/22	CIMB	Ifast Corp	3.87	4	Hold

Stock calls for 10 october 2022

Date	Analyst	Company	Last	Target	Call	Valuation
10/10/22	UOB Kay Hian	CDL Hospitality	1.15	1.41	Buy
10/10/22	DMG & Partners	EC World Reit	0.52	0.55	Neutral
10/10/22	CIMB	Far East Hospitality	0.595	0.8	Add
10/10/22	UOB Kay Hian	Frasers Logistics	1.21	1.51	Buy
10/10/22	Kim Eng	HRnetGroup	0.75	1.07	Buy
10/10/22	DBS Vickers	SPH Reit	0.89	0.964	Hold
10/10/22	Kim Eng	Venture	17	19.55	Buy

The US ISM PMI had declined to a 1-year low!

 

The prices subindex had declined to 51.7 (-0.8) because of an easing in supply and logistic disruption. However, this might change as the recent freight cost had risen again. The new order had entered a contractionary phase (47.1, -4.2) because the new export (47.8, -1.6) and local orders (Est’d -2.5) had declined respectively. This phenomenon caused the customers’ inventories to rise to 41.6 (+2.7) because of slower depletion and also decreased the backlog orders to 50.9 (-2.1).

The production remained relatively stable at 50.6 (+0.2) because of declines in orders but employment had fallen to 48.7 (-5.5). This employment reduction showed that the producers were getting pessimistic. The supplier’s delivery had improved to 52.4 (-2.7) because of easing in supply and logistic disruption. A lower delivery index means a faster delivery period.

Nevertheless, the producers took advantage of the lower prices to stock up on their inventories (55.5, +2.4) and increased their imports (52.6, +0.1) and raw materials (Est’d +2.3)

In conclusion, the above factors caused the PMI to decline to a 1 year low of 50.9 (-1.9) and look set to enter a contractionary phase.

Baltic dry index - 1961

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 762

Related stock: Sembcorp Marine & Cosco.

Hyphens Pharma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/28/21	Amfrasers	Hyphens Pharma	0.315	0.43	Buy	PER17x FY22
08/27/21	SAC Capital	Hyphens Pharma	0.31	0.37	Buy	PER17.5x FY21
11/22/21	Phillip	Hyphens Pharma	0.3	0.345	Accumulate	DCF
01/07/22	CIMB	Hyphens Pharma	0.295	0.36	Add	DCF, PER13.5x FY22
04/04/22	Amfrasers	Hyphens Pharma	0.29	0.38	Outperform	PER15x FY22
04/07/22	SAC Capital	Hyphens Pharma	0.3	0.4	Buy
05/13/22	Lim & Tan	Hyphens Pharma	0.28	0.37	Buy
05/20/22	CIMB	Hyphens Pharma	0.28	0.36	Add
05/20/22	SAC Capital	Hyphens Pharma	0.28	0.4	Buy
06/06/22	Phillip	Hyphens Pharma	0.295	0.43	Buy	DCF
08/18/22	CIMB	Hyphens Pharma	0.315	0.39	Add	DCF
08/29/22	Phillip	Hyphens Pharma	0.31	0.43	Buy	DCF

Hwa Hong - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/17/22	Lim & Tan	Hwa Hong	0.29	0.37	Accept Offer	Offer price $0.37
06/08/22	Lim & Tan	Hwa Hong	0.4	0.4	Accept Offer	Offer price $0.4
06/20/22	UOB Kay Hian	Hwa Hong	0.395	0.4	Accept Offer	Offer price $0.4

Hutchison Port - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/23/21	DBS Vickers	Hutchison Port	0.23	0.32	Buy	DCF
07/28/21	OCBC	Hutchison Port	0.225	0.25	Buy
09/29/21	DBS Vickers	Hutchison Port	0.235	0.33	Buy
11/17/21	DBS Vickers	Hutchison Port	0.225	0.33	Buy
02/10/22	DBS Vickers	Hutchison Port	0.26	0.37	Buy
02/15/22	OCBC	Hutchison Port	0.255	0.28	Buy
07/15/22	OCBC	Hutchison Port	0.24	0.26	Buy
07/27/22	DBS Vickers	Hutchison Port	0.24	0.37	Buy