Date | Analyst | Company | Last | Target | Call | Valuation |
06/02/21 | DBS Vickers | First Resources | 1.29 | 1.83 | Buy | |
07/19/21 | UOB Kay Hian | First Resources | 1.33 | 1.65 | Buy | |
08/02/21 | DMG & Partners | First Resources | 1.36 | 1.5 | Buy | |
08/16/21 | Kim Eng | First Resources | 1.4 | 1.81 | Buy | PER14x FY22 |
08/16/21 | UOB Kay Hian | First Resources | 1.4 | 1.4 | High-Risk | |
10/08/21 | DMG & Partners | First Resources | 1.84 | 1.7 | Neutral | PER12x FY22 |
10/08/21 | Kim Eng | First Resources | 1.84 | 1.68 | Hold | |
11/02/21 | DBS Vickers | First Resources | 1.74 | 1.83 | Hold | DCF, PER15x FY22 |
11/10/21 | DMG & Partners | First Resources | 1.63 | 1.7 | Neutral | |
11/16/21 | CIMB | First Resources | 1.58 | 1.76 | Add | |
11/16/21 | UOB Kay Hian | First Resources | 1.58 | 1.65 | Hold | PER11x FY22 |
12/08/21 | DBS Vickers | First Resources | 1.51 | 1.83 | Buy | DCF |
01/11/22 | DMG & Partners | First Resources | 1.6 | 1.6 | Neutral | |
02/28/22 | CIMB | First Resources | 1.84 | 2.12 | Add | |
02/28/22 | DMG & Partners | First Resources | 1.84 | 1.6 | Neutral | |
03/01/22 | DMG & Partners | First Resources | 1.84 | 2 | Neutral | PER10x FY22 |
03/01/22 | Kim Eng | First Resources | 1.84 | 1.88 | Hold | |
03/16/22 | UOB Kay Hian | First Resources | 2.1 | 2.1 | Buy | |
03/22/22 | DBS Vickers | First Resources | 2.01 | 2.5 | Buy | DCF |
04/12/22 | DBS Vickers | First Resources | 2.02 | 2.5 | Buy | |
04/12/22 | DMG & Partners | First Resources | 2.02 | 2 | Neutral | |
05/17/22 | DMG & Partners | First Resources | 2.11 | 2.2 | Neutral | PER10x FY23 |
05/18/22 | CIMB | First Resources | 2.1 | 2.1 | Hold | |
05/18/22 | UOB Kay Hian | First Resources | 2.1 | 2.3 | Hold |
Monday, June 20, 2022
First Resources - Stock calls
First Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/24/22 | SAC Capital | First Reit | 0.305 | 0.32 | Hold | DDM |
Stock calls for 20 June 2022
Date | Analyst | Company | Last | Target | Call | Valuation |
06/20/22 | CIMB | APAC Realty | 0.595 | 0.84 | Add | DCF & PER |
06/20/22 | UOB Kay Hian | Hwa Hong | 0.395 | 0.4 | Accept Offer | Offer price $0.4 |
06/20/22 | DMG & Partners | Raffles Medical | 1.12 | 1.5 | Buy | DCF |
06/20/22 | Amfrasers | Unusual | 0.135 | 0.192 | Outperform | DCF |
Saturday, June 18, 2022
Economic forecasts and sentiment after June FED's hike (75bp)
Deutsche Bank (DB) is forecasting a US recession in 2023 (2 consecutive quarterly negative growth, Q3 & Q4 2023). Furthermore, the US inflation (CPI) won't go below 8% in 2022 and the Fed fund rate will reach 3.625% by the end of 2022.
60% of CEOs expect a recession by 2023: Conference Board
Singapore Nodx increased by 12.4% in May (yoy) 2022.
https://www.channelnewsasia.com/business/singapore-exports-nodx-may-2022-2752356
Year on year changes (YOY):
May 2022: 12.4%
April 2022: 6.4%
March 2022: 7.7%
February 2022: 9.5%
January 2022: 17.6%
December 2021: 18.4%
November 2021: 24.2%
October 2021: 17.9%
September 2021: 12.3%
August 2021: 2.7%
July 2021: 12.7%
June 2021: 15.9%
May 2021: 8.8%
April 2021: 6%
March 2021: 12.1%
February 2021: 4.2%
January 2021: 12.8%
December 2020: 6.8%
November 2020: -4.9%
October 2020: -3.1%
September 2020: 5.9%
August 2020: 7.7%
July 2020: 6%
June 2020: 16.1% (Revised to 13.9%)
May 2020: -4.6%
April 2020: 9.7%
March 2020: 17.6%
February 2020: 3% (Revised to 3.1%)
January 2020: - 3.3%
December 2019: 2.4%
November 2019: - 5.9%
October 2019: - 12.3%
September 2019: -8.1%
August 2019: - 8.9%
July 2019: -11.2%
June 2019: -17.3%
May 2019: -15.9%
April 2019: -10%
March 2019: -11.7%
February 2019: 4.9%
January 2019: -10.1%
December 2018: -8.5%
November 2018: -2.6%
October 2018: 8.3%
September 2018: 8.3%
August 2018: 5%
July 2018: 11.8% (Corrected)
June 2018: 1.1%
May 2018: 15.5%
April 2018: 11.8%
March 2018: -2.7%
February 2018: -5.9%
January 2018: 13%
December 2017: 3.1%
November 2017: 9.1%
October 2017: 20.9%
September 2017: -1.1%
August 2017: 16.7%
July 2017: 8.5%
June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
