Date | Analyst | Company | Last | Target | Call | Valuation |
05/04/20 | UOB Kay Hian | SATS | 3.28 | 3.3 | Hold | Buy @ $2.80-2.90 |
05/06/20 | DBS Vickers | SATS | 2.98 | 2.64 | Fully Valued | DCF & PER25x FY22 |
06/01/20 | DBS Vickers | SATS | 2.66 | 2.64 | Hold | DCF & PER25x |
07/13/20 | phillip | SATS | 2.88 | 1.95 | Sell | PB1.35x |
07/13/20 | UOB Kay Hian | SATS | 2.88 | 2.93 | Hold | EV/Invested capital basis |
07/13/20 | Lim & Tan | SATS | 2.88 | 0 | Avoid | |
07/14/20 | DBS Vickers | SATS | 2.78 | 2.83 | Hold | DCF & PER25x FY22 |
07/14/20 | OCBC | SATS | 2.78 | 2.76 | Hold | |
07/14/20 | CIMB | SATS | 2.78 | 2.8 | Reduce | |
08/25/20 | CIMB | SATS | 3.08 | 3 | Hold | PB2.1x FY21 |
08/25/20 | phillip | SATS | 3.08 | 1.95 | Sell | PB1.35x |
08/25/20 | UOB Kay Hian | SATS | 3.08 | 2.67 | Sell | |
08/25/20 | Lim & Tan | SATS | 3.08 | 0 | Avoid | |
09/04/20 | CIMB | SATS | 3.01 | 3 | Hold | DCF & PB2.1x FY21 |
09/04/20 | OCBC | SATS | 3.01 | 2.93 | Hold | |
09/08/20 | DBS Vickers | SATS | 2.98 | 3.15 | Hold | DCF, PER25x FY22 |
09/11/20 | UOB Kay Hian | SATS | 2.91 | 3.1 | Hold | Buy @ $2.75 |
10/01/20 | DBS Vickers | SATS | 2.83 | 3.66 | Buy | DCF & PER25x FY22 |
10/08/20 | UOB Kay Hian | SATS | 3.11 | 3.4 | Buy | |
10/28/20 | CIMB | SATS | 3.14 | 3 | Hold | |
11/03/20 | DBS Vickers | SATS | 3.07 | 3.66 | Buy | |
11/13/20 | UOB Kay Hian | SATS | 3.6 | 3.62 | Hold | Buy @ $3.30 |
11/16/20 | OCBC | SATS | 3.8 | 4.31 | Buy | |
11/16/20 | CIMB | SATS | 3.8 | 3.27 | Hold | |
11/16/20 | DBS Vickers | SATS | 3.8 | 4.02 | Buy | DCF & PER25x FY22 |
11/17/20 | DBS Vickers | SATS | 3.99 | 4.5 | Buy | DCF & PER25x FY22 |
11/19/20 | phillip | SATS | 4.1 | 4.4 | Neutral | PB3.3x |
01/04/21 | DBS Vickers | SATS | 3.98 | 4.5 | Buy | |
02/02/21 | CIMB | SATS | 3.85 | 4.3 | Add | DCF |
02/02/21 | DBS Vickers | SATS | 3.85 | 4.5 | Buy | |
02/11/21 | UOB Kay Hian | SATS | 4.09 | 3.96 | Hold | DCF |
02/15/21 | OCBC | SATS | 4.12 | 4.95 | Buy | |
03/19/21 | UOB Kay Hian | SATS | 4.56 | 4.27 | Hold | EV/Invested capital basis |
Wednesday, May 5, 2021
SATS - Stock calls
Stock calls for 5 May 2021
Date | Analyst | Company | Last | Target | Call | Valuation |
05/05/21 | CIMB | AEM | 3.79 | 4.63 | Add | |
05/05/21 | DBS Vickers | AEM | 3.79 | 4.73 | Buy | PER13.7x FY21 |
05/05/21 | CIMB | Keppel Corp | 5.33 | 6.4 | Add | |
05/05/21 | DBS Vickers | Sembcorp Marine | 0.2 | 0.2 | Hold | PB0.7x |
05/05/21 | Lim & Tan | Starhub | 1.3 | 0 | Hold | |
05/05/21 | DBS Vickers | Starhub | 1.3 | 1.12 | Fully Valued | DCF |
05/05/21 | DBS Vickers | Tuan Sing | 0.405 | 0.54 | Buy | Sum of parts |
05/05/21 | CIMB | Venture | 19.53 | 22.51 | Add | PER17.1x FY22 |
Tuesday, May 4, 2021
US ISM PMI declined to 60.7 in April 2021.
The prices had accelerated again to 89.6(+4) because of the persistent high freight costs, container shortages and rising material prices which still maintained the supplier’s deliveries at a high level of 75 as a higher number indicated slower deliveries. Simultaneously, these factors impacted inventories (45.6, -4.3) and import (52.2, - 4.5) too.
Consequently, the producers were left with no choice but to reduce their production (62.5, -5.6) and employment (55.1, -4.5). The customers’ inventories (28.4, - 1.5) continued to be depleted as the producers fulfilled fewer new orders (64.3, -3.7) which were caused by a decline in new local order (-4.1) because of rising prices. This denoted higher inflation which was present and caused consumers to rein in their spendings.
The backlog of order continued to trend higher (68.2, +0.7) because the producers couldn’t fulfill all the orders in time. Therefore, all these caused the PMI to decline to 60.7 (-4). This latest PMI was not a cause of concern yet as the customers’ inventories were extremely low but another month of declining PMI would indicate that the recovery would be weakening due to higher inflation.
Sasseur - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/15/20 | UOB Kay Hian | Sasseur | 0.72 | 0.96 | Buy | DDM |
06/03/20 | DBS Vickers | Sasseur | 0.8 | 0.8 | Buy | |
06/11/20 | Amfrasers | Sasseur | 0.795 | 0.89 | Outperform | DDM |
08/17/20 | UOB Kay Hian | Sasseur | 0.775 | 0.99 | Buy | DDM |
08/18/20 | CIMB | Sasseur | 0.78 | 0.84 | Add | |
10/12/20 | Amfrasers | Sasseur | 0.785 | 0.89 | Outperform | |
11/16/20 | DBS Vickers | Sasseur | 0.795 | 0.9 | Buy | DCF |
11/19/20 | CIMB | Sasseur | 0.795 | 0.845 | Add | |
11/19/20 | Kim Eng | Sasseur | 0.795 | 1 | Buy | |
11/19/20 | Amfrasers | Sasseur | 0.795 | 0.89 | Outperform | DDM |
03/01/21 | Kim Eng | Sasseur | 0.84 | 1.05 | Buy | DDM |
03/02/21 | CIMB | Sasseur | 0.86 | 0.909 | Add |
Samudera - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/05/21 | Lim & Tan | Samudera | 0.28 | 0.49 | Buy | PB1x FY21 |
Sabana - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/17/20 | DBS Vickers | Sabana | 0.36 | 0.4 | Buy | PB0.94x ESR-Reit |
01/22/21 | Lim & Tan | Sabana | 0.375 | 0 | Accumulate | |
01/25/21 | DBS Vickers | Sabana | 0.395 | 0.45 | Buy | DCF |
