Singapore Stock Exchange - Equity Investments

Monday, May 23, 2022

Yangzijiang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/07/21	UOB Kay Hian	Yangzijiang	1.47	1.76	Buy
06/15/21	DBS Vickers	Yangzijiang	1.4	1.8	Buy
06/25/21	CIMB	Yangzijiang	1.39	1.63	Add	PB1x
07/01/21	UOB Kay Hian	Yangzijiang	1.41	1.9	Buy	PER9.3x, PB1x FY22
07/22/21	Citi Research	Yangzijiang	1.36	1.8	Buy
07/22/21	Lim & Tan	Yangzijiang	1.36	1.64	Accumulate
08/02/21	CIMB	Yangzijiang	1.37	1.91	Add	Sum of parts
08/02/21	DBS Vickers	Yangzijiang	1.37	1.8	Buy	Sum of parts, PER10x FY21
08/10/21	UOB Kay Hian	Yangzijiang	1.5	2	Buy
08/12/21	DBS Vickers	Yangzijiang	1.49	1.95	Buy	Sum of parts
08/12/21	OCBC	Yangzijiang	1.49	1.63	Hold
09/03/21	DBS Vickers	Yangzijiang	1.66	1.95	Buy
09/06/21	CIMB	Yangzijiang	1.62	1.91	Add	Sum of parts
09/20/21	UOB Kay Hian	Yangzijiang	1.48	2	Buy	PER
10/01/21	DBS Vickers	Yangzijiang	1.38	1.95	Buy
11/02/21	CIMB	Yangzijiang	1.4	1.91	Add	Sum of parts
11/02/21	DBS Vickers	Yangzijiang	1.4	1.95	Buy
11/30/21	UOB Kay Hian	Yangzijiang	1.3	2	Buy
12/02/21	Citi Research	Yangzijiang	1.29	1.8	Buy	Sum of parts
12/08/21	DBS Vickers	Yangzijiang	1.32	1.95	Buy
12/10/21	CIMB	Yangzijiang	1.31	1.91	Add
01/26/22	Citi Research	Yangzijiang	1.26	1.98	Buy
01/26/22	DBS Vickers	Yangzijiang	1.26	1.95	Buy
01/26/22	UOB Kay Hian	Yangzijiang	1.26	2	Buy
02/28/22	DBS Vickers	Yangzijiang	1.4	1.95	Buy
03/01/22	DBS Vickers	Yangzijiang	1.38	2.15	Buy	Sum of parts
03/01/22	UOB Kay Hian	Yangzijiang	1.38	1.95	Buy	PER9.3x FY22
03/28/22	Citi Research	Yangzijiang	1.46	1.98	Buy
03/28/22	Lim & Tan	Yangzijiang	1.46	1.73	Buy
04/01/22	DBS Vickers	Yangzijiang	1.53	2.15	Buy	Sum of parts
04/04/22	Lim & Tan	Yangzijiang	1.54	1.75	Buy
04/05/22	CIMB	Yangzijiang	1.56	2.41	Add	Sum of parts
04/06/22	UOB Kay Hian	Yangzijiang	1.58	1.95	Buy	PER9.3x FY22
04/22/22	OCBC	Yangzijiang	1.54	0.95	Buy	Ex-Entitlement
05/20/22	CIMB	Yangzijiang	0.89	1.63	Add

Wing Tai - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/21	Lim & Tan	Wing Tai	1.83	2	Accumulate

Stock calls for 23 May 2022

Date	Analyst	Company	Last	Target	Call	Valuation
05/23/22	UOB Kay Hian	Centurion	0.355	0.43	Buy	PER6.2x FY22
05/23/22	DBS Vickers	Civmec	0.645	0.88	Buy	PER9x
05/23/22	DMG & Partners	Frencken	1.18	1.24	Neutral	PER10x FY22
05/23/22	CIMB	Netlink	0.995	1.1	Add
05/23/22	phillip	Prime US Reit	0.72	1	Buy	DDM
05/23/22	phillip	Q&M	0.5	0.71	Buy	PER25x FY22
05/23/22	CIMB	Singtel	2.69	3.3	Add	Sum of parts
05/23/22	DMG & Partners	ST Engineering	4.09	4.8	Buy
05/23/22	Lim & Tan	TTJ	0.169	0.23	Reject offer	Offer $0.23
05/23/22	CIMB	UG Healthcare	0.22	0.42	Add

Saturday, May 21, 2022

Will the US be heading for a soft or hard landing? - Part 7

There are more financial experts and firms standing on our side after our first post on this topic. Let's take a look now.

Furthermore, the short interest in S&P has risen while the bearish bond bets have shrunk. In other words, the investors are hedging their risks because they believe that the stocks will fall further while bonds will rise due to assets reallocation.

Analyses of US main street economic indicators. - Part 7

Let's recap our posting in early January 2022. Please take a look at an impressive graph that we created in January 2022.

http://sg-stock.blogspot.com/2022/01/analyses-of-us-main-street-economic_9.html

The Philadephia manufacturing index had declined (2.6) like the New York manufacturing index (-11.8).

http://sg-stock.blogspot.com/2022/03/new-york-manufacturing-had-plunged.html

The declines in the New York and Philadephia manufacturing indexes showed that the next PMI won't look good as these 2 indexes were precursory signals for the upcoming PMI. This phenomenon shows that our projected trajectory is correct for the US. As for China, China's PMI will start to rebound after it has implemented more monetary easing policies (see below) and structural policies (new infrastructure projects).