The Fed has started to embrace a US recession!

 
The US Fed has accepted the possibility of a recession.  We had stated much earlier that the US had a high possibility of having a recession.

http://sg-stock.blogspot.com/2022/05/will-us-be-heading-for-soft-or-hard.html

The recent business activity data (composite PMI) had also indicated an economic deterioration.  We had stated that the May PMI was an aberration and we told our viewers to ignore it.

http://sg-stock.blogspot.com/2022/06/ism-pmi-increased-slightly-in-may-2022.html

Baltic dry index - 2331

 
Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 753

Related stock: Sembcorp Marine & Cosco.

GHY - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/07/21	UOB Kay Hian	GHY	0.71	1.18	Buy
06/17/21	DBS Vickers	GHY	0.705	1	Buy	Sum of parts
07/02/21	UOB Kay Hian	GHY	0.715	1.18	Buy
08/13/21	DBS Vickers	GHY	0.63	0.87	Buy	Sum of parts
08/17/21	UOB Kay Hian	GHY	0.63	1.05	Buy
03/04/22	DBS Vickers	GHY	0.425	0.45	Hold	Sum of parts

Geo Energy - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/30/21	Amfrasers	Geo Energy	0.23	0.42	outperform	DCF

Genting - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/02/21	Amfrasers	Genting	0.855	0.95	Buy	Buy @ $0.84
06/02/21	DBS Vickers	Genting	0.855	0.95	Buy
06/02/21	Kim Eng	Genting	0.855	1.16	Buy	DCF
08/04/21	UOB Kay Hian	Genting	0.8	1.08	Buy
08/10/21	Kim Eng	Genting	0.79	1.16	Buy	DCF
08/13/21	CIMB	Genting	0.8	0.95	Add	EV/Ebita9.5x FY22
08/13/21	DBS Vickers	Genting	0.8	1	Buy	Sum of parts
08/16/21	DMG & Partners	Genting	0.8	0.92	Buy
09/03/21	DMG & Partners	Genting	0.78	0.92	Buy
10/29/21	UOB Kay Hian	Genting	0.78	1.08	Buy
11/10/21	Citi Research	Genting	0.815	1.01	Buy
11/10/21	DBS Vickers	Genting	0.815	1	Buy	Sum of parts
11/10/21	DMG & Partners	Genting	0.815	0.9	Buy
11/10/21	Kim Eng	Genting	0.815	0.86	Hold
11/10/21	UOB Kay Hian	Genting	0.815	1.08	Buy	EV/Ebitda10x FY22
12/13/21	UOB Kay Hian	Genting	0.79	1.08	Buy
12/23/21	DMG & Partners	Genting	0.755	0.9	Buy
01/18/22	Kim Eng	Genting	0.78	0.83	Hold
01/21/22	UOB Kay Hian	Genting	0.78	1.08	Buy
02/18/22	DBS Vickers	Genting	0.785	1	Buy	Sum of parts
02/18/22	Lim & Tan	Genting	0.785	0	Hold
02/18/22	UOB Kay Hian	Genting	0.785	1.08	Buy	EV/Ebitda8.8x FY23
02/24/22	Kim Eng	Genting	0.78	0.84	Hold
03/28/22	DBS Vickers	Genting	0.82	1	Buy
04/08/22	DMG & Partners	Genting	0.815	0.95	Buy	EV/Ebitda8.5x FY23
04/29/22	Citi Research	Genting	0.81	1.01	Buy
05/04/22	UOB Kay Hian	Genting	0.81	1.08	Buy	EV/Ebitda8.8x FY23
05/11/22	Kim Eng	Genting	0.785	0.86	Hold
05/13/22	DBS Vickers	Genting	0.765	1	Buy
05/13/22	CIMB	Genting	0.765	0.92	Add
05/18/22	Kim Eng	Genting	0.78	0.83	Hold
05/20/22	DMG & Partners	Genting	0.77	0.95	Buy	EV/Ebita8.5x FY23
06/01/22	DMG & Partners	Genting	0.78	0.95	Buy