Stock calls for 7 June 2021

Date	Analyst	Company	Last	Target	Call	Valuation
06/07/21	UOB Kay Hian	Comfortdelgro	1.67	1.95	Buy
06/07/21	Lim & Tan	Credit Bureau	1.25	0	Buy
06/07/21	phillip	DBS	29.71	31.4	Accumulate
06/07/21	CIMB	Elite ComReit	0.665	0.83	Add	DDM
06/07/21	UOB Kay Hian	Far East Hospitality	0.6	0.71	Buy
06/07/21	UOB Kay Hian	Food Empire	0.915	1.3	Buy
06/07/21	UOB Kay Hian	GHY	0.71	1.18	Buy
06/07/21	DBS Vickers	Hong Leong Asia	0.965	1.14	Buy	Sum of parts
06/07/21	UOB Kay Hian	Hong Leong Asia	0.965	1.38	Buy
06/07/21	UOB Kay Hian	Innotek	0.955	1.2	Buy
06/07/21	CIMB	Koufu	0.655	0.71	Hold	PER17x FY22
06/07/21	Phillip	LHN	0.295	0.54	Buy	PER9.5x FY21
06/07/21	UOB Kay Hian	MM2 Asia	0.068	0.095	Buy	Sum of parts
06/07/21	phillip	OCBC	12.36	14.63	Buy
06/07/21	DBS Vickers	Raffles Medical	1.13	1.4	Buy
06/07/21	UOB Kay Hian	SGX	10.37	12.35	Buy
06/07/21	UOB Kay Hian	SIA	4.9	4.15	Sell
06/07/21	phillip	UOB	26.1	28.7	Accumulate
06/07/21	Kim Eng	UOB	26.1	29.34	Buy
06/07/21	CIMB	UOL	7.37	8	Add	RNAV
06/07/21	UOB Kay Hian	Yangzijiang	1.47	1.76	Buy

US Treasury Yellen is setting a debt trap for the world.

https://finance.yahoo.com/finance/news/yellen-says-she-urged-g7-144527456.html

The US Treasury Yellen knows that it is impossible to save the US from plunging into a doldrum if it is leveraging while the rest of the world is deleveraging.  Therefore, she is asking the world to continue spending so that the US can take advantage of other countries again when the time comes for the US to deleverage.

She knows that the US is experiencing high inflation now and is in a discussion with China on the reduction of US-China tariffs.  If the US inflation is just transitory as she said, there is no need to reduce the inflation pressure now.

http://sg-stock.blogspot.com/2021/06/why-did-us-treasury-secretary-contacted.html

By the way, it is supposed to be the US FED (Powell) to deal with the US inflation.  This just goes to show that she has forgotten that she's no longer the US FED.

Baltic dry index - 2438

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 456

 Related stock: Sembcorp Marine & Cosco.

Singapore allows Fukushima food imports!

https://www.channelnewsasia.com/news/singapore/singapore-food-imports-fukushima-japan-yoshihide-suga-14882834

I must say that Singaporeans are a special breed of people in this world with very strong resistance to DNA mutations because Singaporeans can consume ractopamine-laced meats and nuclear foods without causing bodily harm.

Let's take a look at the US FDA's opinion.

https://www.accessdata.fda.gov/cms_ia/importalert_621.html

The following foods are on the FDA's list.

FUKUSHIMA PREFECTURE:

Raw Milk;
Wild Aralia Sprout;
***Black Rockfish;***
Bamboo Shoot;
Non-head type leafy vegetables (i.e. Japanese Mustard Spinach (Komatsuna), Garland Chrysanthemum, Qing-geng-cai, Potherb Mustard (Mizuna), Leaf Lettuce (red), Spinach and other non-heading leafy vegetables);
Head type leafy vegetables (i.e. Cabbage, Chinese Cabbage and Lettuce);
Flower head brassicas Vegetables (i.e. Broccoli and Cauliflower);
Chestnuts;
Wild Japanese Butterbur Scrape;
Japanese Royal Fern;
Kiwi Fruit;
Koshiabura (wild tree sprout);
Log-grown Shitake mushrooms;
Log-grown Pholiota Nameko (outdoor cultivation)
Wild Mushroom;
Ostrich Fern;
Pteridium Aquilinum (bracken fern);
Rice;
Turnips;
Ume;
Giant Butterbur;
Wild Uwabamisou;
Yuzu Fruit
Salmon (landlocked) (excluding farm raised);
Common Carp (excluding farm raised);
Dace;
Eel; Whitespotted Char (excluding farm raised);
Bear meat;
Beef;
Boar;
Cooper Pheasant;
Green Pheasant;
Hare Meat;
Spot-Billed Duck

Singapore doesn't know how to build nuclear-powered plants and nuclear weapons but it is trying to show the world that it knows more about nuclear radiation than the US.  Does this make any sense at all?

Why did US treasury secretary contact China Liu He?

https://www.cnbc.com/2021/06/02/us-treasury-secretary-yellen-chinas-vice-premier-liu-he-hold-call.html

Well, Yellen knew that US inflation was a clear and present danger.  If Yellen didn't do anything to contain it, the US rates including its treasury yields would spike and cause a financial meltdown.

Therefore, Yellen had no choice but to contact Liu He to talk about cooperation and also the partial or full removal of US-China tariffs.

Time is not on the US side because the existing US-China tariffs are hurting the US and not China.  The US-China trade deficits are still rising despite the additional tariffs.

By removing partial or full US-China tariffs, the US inflation pressure will be reduced immediately and the US will have more time to handle or prevent the impending financial crisis.

Avi-Tech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/02/20	CIMB	Avi-Tech	0.39	0.422	Add
06/24/20	Lim & Tan	Avi-Tech	0.385	0	Buy
06/26/20	UOB Kay Hian	Avi-Tech	0.39	0.57	Buy
07/03/20	DMG & Partners	Avi-Tech	0.41	0.5	Buy	DCF
08/31/20	CIMB	Avi-Tech	0.43	0.492	Add
08/31/20	UOB Kay Hian	Avi-Tech	0.43	0.495	Buy
09/18/20	DMG & Partners	Avi-Tech	0.42	0.52	Buy	DCF
09/21/20	Lim & Tan	Avi-Tech	0.42	0.505	Buy	PER13.9x FY21
10/08/20	Lim & Tan	Avi-Tech	0.425	0	Buy
01/20/21	Lim & Tan	Avi-Tech	0.485	0	Take Profit
02/10/21	Lim & Tan	Avi-Tech	0.475	0	Take Profit
02/15/21	DMG & Partners	Avi-Tech	0.42	0.42	Neutral

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/20	DBS Vickers	Ascendas India Trust	1.33	1.85	Buy	DDM
01/29/21	DBS Vickers	Ascendas India Trust	1.55	1.85	Buy	DDM
02/23/21	DBS Vickers	Ascendas India Trust	1.51	1.85	Buy
03/09/21	DBS Vickers	Ascendas India Trust	1.49	1.85	Buy	DDM