Date | Analyst | Company | Last | Target | Call | Valuation |
04/19/21 | UOB Kay Hian | Dairy Farm | 4.22 | 5.19 | Buy | PER22x FY22 |
04/19/21 | UOB Kay Hian | Innotek | 0.9 | 1.2 | Buy | PER12x FY22 |
04/19/21 | CIMB | Nanofilm | 5.17 | 5.52 | Add | |
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 |
04/19/21 | DMG & Partners | SGX | 10.35 | 11.6 | Buy | |
04/19/21 | Lim & Tan | SIIC | 0.21 | 0 | Accumulate on weakness |
Monday, April 19, 2021
Stock calls for 19 April 2021
Sunday, April 18, 2021
Hot news: China will be launching its own CPU infrastructure soon!
https://news.cgtn.com/news/2021-04-17/Chinese-company-unveils-self-developed-CPU-architecture--ZvSw4KIJq0/index.html
The current CPU infrastructure is based on Intel X86 architecture and China has developed and tested its own ISA which will supersede X86 after 20 years of hard work.
China's ISA will become the mainstream CPU standard in China soon before it will be exported to other countries. Intel will lose its dominant position in the future because consumers will have choices in the future. Consumers won't care about the CPU standard as long as it is fast and cheap.
I also don't care about the processor I use, be it Intel, AMD or Loongson, as long as it is fast and cheap.
Congrats to China!
The US backed off from the black sea after Russian announced closure.
The US dared not have a direct faceoff with Russia in the black sea after Russia announced to seal off the black sea for 6 months.
No wonder the US and EU didn't do much to help Myanmar because they didn't want to confront Russia directly.
Since the US dares not to confront Russia directly, China and Russia need to team up to deal with the US and its cronies.
Saturday, April 17, 2021
The US FED is draining short-term cash discreetly from the financial market.
The US FED is draining short-term cash discreetly. Here's the proof in the reverse repo market!
There was not a single transaction in the repo transaction because participants didn't need the cash but all the reverse repo transactions were fulfilled which indicated the participants were parking the cash with the FED.
Repo (A collateralized short-term loan for participants): No transaction at all!
Reverse Repo (A collateralized short-term loan for the FED): All fulfilled!
We had also analyzed the M1-M2 money supply previously to reach a conclusion that the US had excessive liquidity in its financial system.
China retail sales versus USA retail sales. - Part 2
US m-o-m retail sales:
US y-o-y retail sales:
China y-o-y retail sales:
We can see that US retail sales are more erratic than China's because US consumers rely on government doles (free stimulus cheques) while China consumers are spending their own monies.
When the doles stop, the US consumer spendings will drop too.
Friday, April 16, 2021
Keppel Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/04/20 | DMG & Partners | Keppel Reit | 1.06 | 1.07 | Neutral | DDM |
06/08/20 | DBS Vickers | Keppel Reit | 1.16 | 1.35 | Buy | DCF |
06/08/20 | UOB Kay Hian | Keppel Reit | 1.16 | 1.3 | Buy | |
06/23/20 | DMG & Partners | Keppel Reit | 1.13 | 1.07 | Neutral | |
07/02/20 | UOB Kay Hian | Keppel Reit | 1.11 | 1.3 | Buy | |
07/09/20 | DBS Vickers | Keppel Reit | 1.1 | 1.35 | Buy | |
07/21/20 | DMG & Partners | Keppel Reit | 1.09 | 1.1 | Neutral | DDM |
07/21/20 | Lim & Tan | Keppel Reit | 1.09 | 0 | Buy | |
07/21/20 | CIMB | Keppel Reit | 1.09 | 1.2 | Add | |
09/02/20 | DBS Vickers | Keppel Reit | 1.05 | 1.35 | Buy | DCF, PB1x |
09/02/20 | UOB Kay Hian | Keppel Reit | 1.05 | 1.3 | Buy | |
09/14/20 | Lim & Tan | Keppel Reit | 1.07 | 1.18 | Buy | |
09/15/20 | UOB Kay Hian | Keppel Reit | 1.08 | 1.4 | Buy | DDM |
09/18/20 | CIMB | Keppel Reit | 1.12 | 1.25 | Add | DDM |
10/02/20 | DBS Vickers | Keppel Reit | 1.08 | 1.4 | Buy | DCF, PB1.04x |
10/02/20 | UOB Kay Hian | Keppel Reit | 1.08 | 1.4 | Buy | |
10/20/20 | CIMB | Keppel Reit | 1.06 | 1.25 | Add | DDM |
10/21/20 | DMG & Partners | Keppel Reit | 1.05 | 1.14 | Neutral | |
12/10/20 | DBS Vickers | Keppel Reit | 1.05 | 1.4 | Buy | |
12/10/20 | JP Morgan | Keppel Reit | 1.05 | 1 | Underweight | |
12/17/20 | Kim Eng | Keppel Reit | 1.08 | 0.9 | Sell | |
12/24/20 | Lim & Tan | Keppel Reit | 1.1 | 0 | Accumulate | |
01/26/21 | Kim Eng | Keppel Reit | 1.18 | 0.9 | Sell | DDM |
01/26/21 | UOB Kay Hian | Keppel Reit | 1.18 | 1.45 | Buy | |
01/26/21 | Lim & Tan | Keppel Reit | 1.18 | 0 | Hold | |
01/26/21 | CIMB | Keppel Reit | 1.18 | 1.29 | Add | DDM |
01/26/21 | DMG & Partners | Keppel Reit | 1.18 | 1.2 | Neutral | |
03/08/21 | JP Morgan | Keppel Reit | 1.17 | 1.05 | Underweight | |
03/25/21 | UOB Kay Hian | Keppel Reit | 1.2 | 1.49 | Buy | DDM |
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