Stock calls for 8 February 2022

Date	Analyst	Company	Last	Target	Call	Valuation
02/08/22	Lim & Tan	CSE Global	0.485	0	Buy
02/08/22	DMG & Partners	DBS	36.48	40.4	Buy
02/08/22	Lim & Tan	DBS	36.48	38.41	Accumulate
02/08/22	Phillip	First Ship Lease Trust	0.075	0.04	Sell
02/08/22	Lim & Tan	Frasers Logistics	1.39	0	Hold
02/08/22	OCBC	Frasers Logistics	1.39	1.66	Buy
02/08/22	CIMB	HRnetGroup	0.775	1.15	Add
02/08/22	Amfrasers	Keppel Corp	5.89	6.22	Buy	Sum of parts
02/08/22	OCBC	Mapletree Logistics	1.7	2.05	Buy
02/08/22	UOB Kay Hian	SGX	9.86	9.09	Hold
02/08/22	OCBC	SGX	9.86	10.4	Buy

Sunpower - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/21	UOB Kay Hian	Sunpower	0.775	1.1	Buy
01/12/21	Amfrasers	Sunpower	0.855	1.45	outperform	DCF
01/12/21	DBS Vickers	Sunpower	0.855	0.94	Buy	DCF
03/01/21	DBS Vickers	Sunpower	0.8	0.92	Buy	DCF, PER11.9x
04/09/21	UOB Kay Hian	Sunpower	0.87	1.11	Buy	Sum of parts
05/18/21	DBS Vickers	Sunpower	0.83	0.92	Hold	DCF, PER11.9x
05/20/21	UOB Kay Hian	Sunpower	0.835	1.22	Buy	Sum of parts
05/31/21	Amfrasers	Sunpower	0.945	1.53	outperform	DCF
08/25/21	DBS Vickers	Sunpower	0.59	0.7	Hold	Up from $0.68, Ex-rights
09/03/21	Amfrasers	Sunpower	0.605	1.22	outperform	DCF
09/09/21	UOB Kay Hian	Sunpower	0.655	1.03	Buy	Sum of parts

Sunningdale - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/21	Lim & Tan	Sunningdale	1.64	1.65	Accept offer	$1.65 cash offer

Straits Trading - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/04/21	DBS Vickers	Straits Trading	2.33	3.5	Buy	Sum of parts (40% discount)
02/22/21	DBS Vickers	Straits Trading	2.77	3.9	Buy	Sum of parts (40% discount)
04/07/21	DBS Vickers	Straits Trading	2.89	3.9	Buy	Sum of parts (40% discount)
01/18/22	Lim & Tan	Straits Trading	3.4	3.9	Buy

Stock calls for 7 February 2022

Date	Analyst	Company	Last	Target	Call	Valuation
02/07/22	UOB Kay Hian	DBS	35.95	40.28	Buy
02/07/22	DBS Vickers	Keppel Pacific	0.735	0.85	Buy
02/07/22	DMG & Partners	Keppel Pacific	0.735	0.92	Buy
02/07/22	DBS Vickers	Lendlease Reit	0.85	1.02	Buy
02/07/22	Phillip	Lendlease Reit	0.85	0.94	Accumulate	DDM
02/07/22	UOB Kay Hian	OCBC	12.8	16.12	Buy
02/07/22	CIMB	SGX	9.4	10.4	Add
02/07/22	Kim Eng	SGX	9.4	11.2	Buy
02/07/22	Citi Research	SGX	9.4	10.5	Buy
02/07/22	Jefferies	SGX	9.4	10.8	Buy
02/07/22	Lim & Tan	SGX	9.4	10	Accumulate

The US 10-year treasury yield is approaching 2% soon!

 
The US 10-year treasury yield had reached 1.93% and we had posted in April 2021 that it would exceed 2% in 2022.

http://sg-stock.blogspot.com/2021/04/another-constellation-is-aligning-and.html

In April 2021, we projected that there would another major outbreak in 2022 and it materialized with an omicron outbreak.  The other projection was that the 10-year treasury yield would exceed 2% in 2022 and it looked to be materializing too.

Let's just sit back and watch how things will unfold.

Baltic dry index - 1423

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 613

 
Related stock: Sembcorp Marine & Cosco.

Goldman Sachs (GS) had cut US economic growth again recently! - Part 2

https://markets.businessinsider.com/news/stocks/goldman-sachs-cuts-2022-us-gdp-forecast-growth-slowdown-2022-2

GS had cut US GDP growth in 2022 to 3.2% from 3.8% in December 2021.

http://sg-stock.blogspot.com/2021/12/goldman-sachs-gs-had-cut-us-economic.html

However, GS's forecast was much still much higher than the average Conference Board's forecast of 2.7%.  It looks like GS will continue to reduce its US forecast if the Q1 GDP turns out to be very gloomy.

Straco - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/22/21	Lim & Tan	Straco	0.47	0	Hold