Choo Chiang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/22	Lim & Tan	Choo Chiang	0.32	0	Buy
04/28/22	UOB Kay Hian	Choo Chiang	0.375	0.56	Buy	PER12x FY22

Stock calls for 21 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/21/23	Amfrasers	Golden Energy	0.94	0.973	Accept Offer	Offer @ $0.973
03/21/23	UOB Kay Hian	Rex	0.137	0.1	Sell
03/21/23	Lim & Tan	Tiong Woon	0.47	0.92	Buy

What will the FED do for this month FOMC meeting?

 The Fedwatch tool is indicating a 25bp hike this month with over 70% probability.

Does this make sense?  Yes, this is because the recession risk is rising!  There is a high chance that the US will be in an economic trouble within 12 months as indicated by 80% of the economists.

Chip Eng Seng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/09/23	Lim & Tan	Chip Eng Seng	0.75	0.75	Accept Offer	Offer @ $0.75

China Sunsine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/25/22	UOB Kay Hian	China Sunsine	0.49	0.695	Buy	PER6.4x FY22
02/25/22	CIMB	China Sunsine	0.49	0.78	Add
05/19/22	CIMB	China Sunsine	0.44	0.67	Add
08/16/22	CIMB	China Sunsine	0.47	0.7	Add	PB0.9x FY23
11/29/22	CIMB	China Sunsine	0.41	0.6	Add	PB0.7x FY23
12/08/22	UOB Kay Hian	China Sunsine	0.395	0.453	Buy	PER4.9x F23
03/02/23	CIMB	China Sunsine	0.475	0.6	Add

China Everbright - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/22	Lim & Tan	China Everbright	0.33	0.4	Accumulate
06/28/22	Lim & Tan	China Everbright	0.295	0.39	Buy

Stock calls for 20 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/20/23	CIMB	AEM	2.99	3.86	Add	PER9.5x FY24
03/20/23	phillip	DBS	32.55	41.6	Buy
03/20/23	Lim & Tan	Delfi	1.07	1.48	Buy	PER14.8x F23
03/20/23	UOB Kay Hian	Digicore Reit	0.465	0.78	Buy	DDM
03/20/23	Kim Eng	Genting	1.06	1.18	Buy	DCF
03/20/23	DMG & Partners	Golden Energy	0.895	0.973	Accept Offer	Offer @ $0.973
03/20/23	UOB Kay Hian	Netlink	0.84	1.02	Buy	DCF
03/20/23	phillip	OCBC	12.26	14.22	Buy
03/20/23	OCBC	Sembcorp Industries	4.07	4.8	Buy
03/20/23	Lim & Tan	SIIC	0.192	0.36	Buy	DDM
03/20/23	Lim & Tan	ST Engineering	3.46	4.12	Accumulate
03/20/23	DMG & Partners	Starhill	0.525	0.6	Buy
03/20/23	phillip	UOB	28.54	35.7	Buy
03/20/23	DBS Vickers	Yanlord	0.885	1.06	Buy	PER4.1x FY23

Baltic dry index - 1535

Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 754

Related stock: Sembcorp Marine & Cosco.

China Aviation Oil - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/03/22	DMG & Partners	China Aviation Oil	0.935	1.09	Buy
02/28/22	DBS Vickers	China Aviation Oil	0.94	1.2	Buy
03/03/22	DBS Vickers	China Aviation Oil	0.91	0.85	Hold	PER11x FY22
03/03/22	DMG & Partners	China Aviation Oil	0.91	1	Neutral
04/01/22	DMG & Partners	China Aviation Oil	0.915	1	Neutral	Sum of parts
03/01/23	CIMB	China Aviation Oil	0.955	1.21	Add