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Friday, February 5, 2021

Overseas Edu - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

02/17/20

Lim & Tan

Overseas Edu

0.365

0

Buy


02/18/20

UOB Kay Hian

Overseas Edu

0.365

0.49

Buy


06/18/20

Lim & Tan

Overseas Edu

0.32

0

Buy on weakness


06/18/20

CIMB

Overseas Edu

0.32

0.423

Add


08/17/20

Lim & Tan

Overseas Edu

0.29

0

Buy


09/02/20

CIMB

Overseas Edu

0.28

0.26

Hold


Stock calls for 5 February 2021

Date

Analyst

Company

Last

Target

Call

Valuation

02/05/21

DBS Vickers

AIMS AMP Cap Ind Reit

1.28

1.5

Buy

DCF, PB1.11x

02/05/21

UOB Kay Hian

BRC Asia

1.6

2

Buy


02/05/21

DMG & Partners

Comfortdelgro

1.59

1.9

Buy


02/05/21

CIMB

Frasers Logistics

1.22

1.57

Add

DDM

02/05/21

OCBC

OUE Commercial

0.385

0.4

Hold


02/05/21

CIMB

SIA

4.17

4.89

Add

PB0.94x FY22

02/05/21

Lim & Tan

SIA

4.17

0

Avoid


02/05/21

UOB Kay Hian

Singapore Post

0.69

0.75

Hold

Buy @ $0.66

02/05/21

DBS Vickers

Singapore Post

0.69

0.74

Hold

DCF

02/05/21

Phillip

Yoma

0.2

0.34

Buy

Sum of parts (20% discount)

Thursday, February 4, 2021

China's monetary tightening will impact the USD. Why?

https://sg.news.yahoo.com/china-monetary-tightening-seen-warning-110908760.html

China's monetary tightening will have some impact on the USD and this can be seen on the credit impulse & US DXY chart.


The uptrend in US DXY means USD depreciation (inverse right axis) and vice versa.  The chart is depicted in such a way to show the high correlation.  The 2 lines may have a time lag of 6-12 months but they are still highly correlated to each other.

When China's credit impulse increases, the US DXY will increase too.  However, China's monetary tightening will decrease its credit impulse and will also lead to a decrease in US DXY.

How true is this?  We'll look at the USD index now.


As we can see, the USD index is reacting to China's monetary policy by trending higher recently.  As the USD and the risk-free rate (10y) are highly correlated, we should see the US treasury yields trending up too.


The US treasury yield for 10-year has increased from 0.93% to 1.15% now.

OUE Commercial - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

02/03/20

OCBC

OUE Commercial

0.545

0.55

Hold


02/03/20

DBS Vickers

OUE Commercial

0.545

0.6

Buy

DCF

02/13/20

CIMB

OUE Commercial

0.525

0.53

Hold

DDM

03/30/20

DBS Vickers

OUE Commercial

0.335

0.6

Buy


03/30/20

OCBC

OUE Commercial

0.335

0.4

Hold


06/08/20

DBS Vickers

OUE Commercial

0.4

0.5

Buy

DCF

06/08/20

CIMB

OUE Commercial

0.4

0.482

Hold


07/27/20

Lim & Tan

OUE Commercial

0.395

0

Buy on weakness


07/28/20

CIMB

OUE Commercial

0.39

0.482

Hold


08/04/20

OCBC

OUE Commercial

0.37

0.39

Hold


11/17/20

OCBC

OUE Commercial

0.35

0.39

Buy


12/10/20

DBS Vickers

OUE Commercial

0.38

0.5

Buy


01/29/21

Lim & Tan

OUE Commercial

0.385

0

Accumulate


02/03/21

CIMB

OUE Commercial

0.4

0.415

Hold

DDM

OUE - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

11/19/20

OCBC

OUE

1.15

1.22

Hold


Olam - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

12/23/20

Lim & Tan

Olam

1.5

0

Buy on weakness


Stock calls for 4 February 2021

Date

Analyst

Company

Last

Target

Call

Valuation

02/04/21

Kim Eng

Comfortdelgro

1.58

1.88

Buy

DCF

02/04/21

phillip

DBS

25.2

22.6

Neutral


02/04/21

phillip

OCBC

10.36

9.68

Neutral


02/04/21

DBS Vickers

Straits Trading

2.33

3.5

Buy

Sum of parts (40% discount)

02/04/21

phillip

UOB

23.52

21.1

Neutral


Pharmaceutical companies will make false claims just to sell their drugs. - Part 2

https://www.reuters.com/article/us-merck-propecia-suicide-exclusive-idUKKBN2A32XU

Merck is another pharmaceutical company that will make a false claim just to sell its drugs.

Sigh!

What's the impacts of meme stocks mania?

https://www.bloombergquint.com/markets/hedge-funds-fighting-short-raids-now-getting-hit-on-bullish-bets

The recent meme stocks mania has significant impacts on the financial market.


The short sellers (Hedge funds) have lost about US$71B in this meme stock mania and this huge loss forces them to sell profitable investments to cover their losses.  The hedge funds are cutting back as shown by the 2 contrasting charts above.