UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/11/23	DBS Vickers	UMS	1.01	1.53	Buy
05/11/23	Lim & Tan	UMS	1.01	1.25	Buy
05/12/23	DBS Vickers	UMS	0.965	1.2	Buy	PER10x
05/16/23	Kim Eng	UMS	0.92	0.94	Hold
06/12/23	UOB Kay Hian	UMS	1.03	0.97	Hold	PER9.5x FY23
07/10/23	DBS Vickers	UMS	1.05	1.2	Buy	PER10x FY24
08/15/23	DBS Vickers	UMS	1.03	1.32	Buy	PER10x FY24
08/16/23	Lim & Tan	UMS	1.12	1.11	Hold
08/16/23	Kim Eng	UMS	1.12	1.16	Hold	PER9x FY24
08/16/23	UOB Kay Hian	UMS	1.12	1.24	Buy
09/18/23	UOB Kay Hian	UMS	1.26	1.56	Buy	PER13.5x FY24
09/26/23	Kim Eng	UMS	1.25	1.44	Buy	PER11x FY24
10/19/23	CIMB	UMS	1.32	1.49	Add
10/26/23	DBS Vickers	UMS	1.25	1.51	Buy
11/14/23	DBS Vickers	UMS	1.29	1.55	Buy	PER13x FY24
11/15/23	Lim & Tan	UMS	1.26	1.51	Accumulate
11/17/23	UOB Kay Hian	UMS	1.28	1.56	Buy	PER13.5x FY24
11/17/23	Kim Eng	UMS	1.28	1.44	Buy	PER11x FY24
11/17/23	CIMB	UMS	1.28	1.49	Add	PER12x FY24
12/08/23	CIMB	UMS	1.26	1.49	Add
01/02/24	DBS Vickers	UMS	1.34	1.55	Buy	PER13x
02/05/24	Kim Eng	UMS	1.3	1.49	Buy
02/16/24	Lim & Tan	UMS	1.38	1.52	Accumulate
02/20/24	UOB Kay Hian	UMS	1.44	1.85	Buy	PER17x FY24
02/29/24	DBS Vickers	UMS	1.51	1.84	Buy	PER15x
03/01/24	CIMB	UMS	1.51	1.76	Add
03/01/24	Kim Eng	UMS	1.44	1.49	Hold
04/02/24	DBS Vickers	UMS	1.35	1.84	Buy
05/03/24	CIMB	UMS	1.3	1.68	Add
05/13/24	DBS Vickers	UMS	1.32	1.84	Buy
05/13/24	Kim Eng	UMS	1.32	0.88	Sell
05/14/24	DBS Vickers	UMS	1.11	1	Hold	PER12x FY24/25
05/14/24	CIMB	UMS	1.11	1.06	Hold
05/14/24	Lim & Tan	UMS	1.11	0	Avoid
05/21/24	UOB Kay Hian	UMS	1.11	0.95	Sell
06/03/24	DBS Vickers	UMS	1.21	1	Hold

Stock calls for 24 June 2024

Date	Analyst	Company	Last	Target	Call	Valuation
06/24/24	Lim & Tan	Centurion	0.575	0.66	Accumulate
06/24/24	phillip	Far East Hospitality	0.62	0.79	Buy	DDM
06/24/24	Phillip	Lendlease Reit	0.57	0.83	Buy	DDM
06/24/24	phillip	OUE Commercial	0.26	0.33	Buy	DDM
06/24/24	CIMB	Paragon Reit	0.865	0.85	Hold	DDM
06/24/24	DMG & Partners	ST Engineering	4.04	4.5	Buy	Sum of parts
06/24/24	UOB Kay Hian	Thai Beverage	0.47	0.57	Buy	Sum of parts
06/24/24	cimm	Thai Beverage	0.47	0.63	Add

Cryptos such as Bitcoin (BTC) are coming to an end! Why? - Part 3

Why isn't crypto (Bitcoin-BTC) surging after halving?

This is because BTC has not fundamental use except for speculation purposes.  In other words, a buyer buys BTC with the hope to sell it to another buyer at a much higher price.

I will just highlight 3 main insurmountable points that cryptos face for their survival.

1. Carbon emission policies (Scope 1, 2 & 3) - Crypto miners can switch to renewable energy but they will compete with local residents for green energy.  How will the residents react to this price competition?

2. Dedollarization – Cryptos that use USD as their anchored currency will be abandoned as part of derisking effort.  BRICS, Middle East and ASEAN are abandoning USD in their international transactions.

3. Adoptions of worldwide CBDC systems – Since CBDC systems do not accept cryptos because of dedollarization and carbon emission policies, the popularization of CBDCs will decimate cryptos because many countries will be unwilling to keep cryptos as their reserves as they can’t be used for cross border transactions.  For examples, the international CBDC systems such as the upcoming SWIFT digital platform and Project mBridge can’t accept cryptos for cross border transactions.

Do you still think Cryptos have a future?

Baltic dry index - 1997

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 588

Related stock: Seatrium & Cosco.

An ex-CIA agent had just spoken the truth about the US! - Part 2

This ex-CIA agent had just stated the brutal truth to the Philippines.

Part 1 is just below:

https://sg-stock.blogspot.com/2024/06/an-ex-cia-agent-had-just-spoken-truth.html

Guess what? Malaysian PM also said recently that China was a friend.