UG Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/18/20	Lim & Tan	UG Healthcare	0.25	0	Buy on weakness
02/21/20	DMG & Partners	UG Healthcare	0.235	0.33	Buy	PER9.2x FY21
06/23/20	CIMB	UG Healthcare	0.785	1.36	Buy	PER15x CY21
07/09/20	CIMB	UG Healthcare	1.8	2.1	Add
07/28/20	Phillip	UG Healthcare	1.75	2.7	Buy	PER15x FY21
08/13/20	Phillip	UG Healthcare	2.98	4.15	Buy	PER15x FY21
09/01/20	Lim & Tan	UG Healthcare	2.28	0	Accumulate
09/08/20	CIMB	UG Healthcare	2.45	4.8	Add
11/09/20	Phillip	UG Healthcare	0.965	1.35	Buy	PER14x FY22, Stock split 1-into-3
11/24/20	CIMB	UG Healthcare	0.68	1.7	Add
11/24/20	DMG & Partners	UG Healthcare	0.68	1.37	Buy
01/12/21	CIMB	UG Healthcare	0.665	1.7	Add
02/08/21	Phillip	UG Healthcare	0.79	1.03	Buy	PER7x FY22
02/08/21	CIMB	UG Healthcare	0.79	1.7	Add
02/08/21	DMG & Partners	UG Healthcare	0.79	0.95	Buy

Tuan Sing - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/16/20	DBS Vickers	Tuan Sing	0.235	0.38	Buy	Sum of parts
08/11/20	DBS Vickers	Tuan Sing	0.275	0.44	Buy	Sum of parts
09/15/20	DBS Vickers	Tuan Sing	0.295	0.44	Buy	Sum of parts
01/06/21	DBS Vickers	Tuan Sing	0.315	0.44	Buy

Stock calls for 1 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/21	Kim Eng	AEM	4.03	5.05	Buy	PER14x FY21
03/01/21	DMG & Partners	Capitaland	3.18	3.75	Buy
03/01/21	UOB Kay Hian	City Developments	7.36	8.5	Buy
03/01/21	Kim Eng	First Resources	1.45	1.88	Buy
03/01/21	UOB Kay Hian	First Resources	1.45	1.7	Buy
03/01/21	DMG & Partners	First Resources	1.45	1.6	Neutral
03/01/21	Kim Eng	IHH Healthcare	1.69	2.07	Buy	Sum of parts, Ringgit $6.30 target price
03/01/21	Phillip	Ireit	0.655	0.7	Accumulate	DDM
03/01/21	Phillip	Koufu	0.66	0.68	Accumulate	PER18.5x FY21, Cut from $0.77
03/01/21	CIMB	Koufu	0.66	0.94	Add
03/01/21	phillip	OCBC	10.99	13.65	Buy	GGM, PB1.19x FY21
03/01/21	Lim & Tan	Oceanus	0.071	0	Take Profit
03/01/21	phillip	Propnex	0.81	1	Buy	DCF
03/01/21	DBS Vickers	Riverstone	1.36	1.85	Buy	PER12.3x FY21/22
03/01/21	CIMB	Riverstone	1.36	2.3	Add
03/01/21	DMG & Partners	Riverstone	1.36	1.85	Buy	DCF
03/01/21	Kim Eng	Sasseur	0.84	1.05	Buy	DDM
03/01/21	DBS Vickers	Sunpower	0.8	0.92	Buy	DCF, PER11.9x
03/01/21	Kim Eng	UMS	1.15	1.34	Buy
03/01/21	DBS Vickers	UMS	1.15	1.36	Buy	PER14.9x FY21
03/01/21	OCBC	UOB	24.62	27.3	Buy
03/01/21	DMG & Partners	UOB	24.62	26.4	Neutral	GGM, PB1.05x
03/01/21	CIMB	UOL	7.39	7.91	Add
03/01/21	Lim & Tan	UOL	7.39	0	Accumulate
03/01/21	Phillip	Venture	19.2	19.2	Neutral	PER16x FY21
03/01/21	Kim Eng	Venture	19.2	22	Buy	PER18.5x FY21
03/01/21	UOB Kay Hian	Venture	19.2	23.47	Buy
03/01/21	DBS Vickers	Venture	19.2	24.3	Buy	PER20.3x FY21
03/01/21	DMG & Partners	Venture	19.2	19.6	Neutral
03/01/21	UOB Kay Hian	Yangzijiang	1.07	1.25	Buy
03/01/21	DBS Vickers	Yangzijiang	1.07	1.5	Buy	Sum of parts

Hot news! China has just rolled out a single dose vaccine!

https://www.globaltimes.cn/page/202102/1216709.shtml

This is definitely great news as China's single-dose vaccine can be further strengthened with a booster to prolong the immunity period to 2 years.

This longer immunity period is very important as it can facilitate travelling and people don't have to take annual vaccinations for overseas trips.

Baltic dry index - 1675

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 402

Related stock: Sembcorp Marine & Cosco.

The US 7-year treasury bond sale was a flop!

https://www.zerohedge.com/markets/treasury-yields-soar-after-catastrophic-tailing-7y-auction

TREASURY $62B 7-YEAR NOTE AUCTION RESULTS: 

DRAWS 1.195%

BID-TO-COVER: 2.04 Vs 2.30 PRIOR

Overseas Buyer: 38.06% Vs 64.10% PRIOR

We had already expressed our concern about the US treasury bond sales previously because the US had lost China and the EU as its buyers.

http://sg-stock.blogspot.com/2021/01/the-achilles-heels-in-bidens-policies.html

This latest bond sale shows that foreigners are no longer interested to purchase US bonds.