Singapore Stock Exchange - Equity Investments

Tuesday, August 30, 2022

Yangzijiang Shipping - 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
06/29/22	UOB Kay Hian	Yangzijiang	0.945	1.16	Buy	Sum of parts
07/07/22	CIMB	Yangzijiang	0.93	1.63	Add
08/05/22	DBS Vickers	Yangzijiang	0.92	1.38	Buy	PB1.5x, PER12x FY22
08/08/22	Lim & Tan	Yangzijiang	0.925	1.3	Accumulate
08/10/22	UOB Kay Hian	Yangzijiang	0.935	1.16	Buy	Sum of parts
08/10/22	DBS Vickers	Yangzijiang	0.935	1.4	Buy

Stock calls for 29 August 2022

Date	Analyst	Company	Last	Target	Call	Valuation
08/29/22	Phillip	Hyphens Pharma	0.31	0.43	Buy	DCF
08/29/22	DBS Vickers	IHH Healthcare	1.97	2.55	Buy	Ringgit $7.90 target price
08/29/22	DBS Vickers	Mandarin Oriental	2.02	2.3	Buy	Sum of parts
08/29/22	Phillip	Singtel	2.65	3.05	Accumulate	Sum of parts
08/29/22	Kim Eng	Singtel	2.65	3.15	Buy
08/29/22	OCBC	Thai Beverage	0.645	0.88	Buy
08/29/22	UOB Kay Hian	Tiong Woon	0.54	0.85	Buy	PB0.7x FY22
08/29/22	DBS Vickers	Wing Tai	1.68	2.05	Buy

Sunday, August 28, 2022

FED will continue to be hawkish until inflation is under controlled.

We are not surprised by the FED's hawkishness because we've stated that the fed rate hikes are not working. Therefore, the FED must do more to contain US inflation.

http://sg-stock.blogspot.com/2022/08/the-recent-fed-rate-hikes-are-not.html

What will happen when the FED continues its hawkishness?

Well, the FED's hawkishness will induce a recession as portrayed by an economic model.

http://sg-stock.blogspot.com/2022/08/the-us-is-careening-towards-recession.html

As stated by the economic model, there will only be a marginal decline in inflation. To a certain extent, US inflation is declining marginally now but it will remain above the neutral rate.