Singapore Stock Exchange - Equity Investments

Tuesday, August 2, 2022

Rex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/15/21	UOB Kay Hian	Rex	0.19	0.3	Buy
08/02/21	Amfrasers	Rex	0.21	0.32	Outperform	DCF
08/18/21	Amfrasers	Rex	0.191	0.33	Outperform	DCF
09/15/21	Amfrasers	Rex	0.2	0.33	Outperform	DCF
10/04/21	Lim & Tan	Rex	0.21	0.38	Buy
10/11/21	UOB Kay Hian	Rex	0.245	0.46	Buy
10/18/21	Amfrasers	Rex	0.31	0.4	Outperform	DCF
12/01/21	UOB Kay Hian	Rex	0.275	0.46	Buy
02/14/22	Amfrasers	Rex	0.39	0.5	Outperform
03/08/22	UOB Kay Hian	Rex	0.48	0.58	Buy	Sum of parts, PB1x FY22
03/11/22	Amfrasers	Rex	0.39	0.54	Outperform	DCF
06/29/22	Lim & Tan	Rex	0.285	0.5	Buy
07/05/22	UOB Kay Hian	Rex	0.265	0.45	Buy	Sum of parts

Stock calls for 1 August 2022

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/22	Kim Eng	ART	1.17	1.4	Buy	DDM
08/01/22	OCBC	CapitaRetail China	1.18	1.3	Buy
08/01/22	Kim Eng	CDL Hospitality	1.32	1.4	Buy	DDM
08/01/22	DMG & Partners	CDL Hospitality	1.32	1.3	Neutral	DDM
08/01/22	Citi Research	CDL Hospitality	1.32	1.15	Sell
08/01/22	UOB Kay Hian	Dairy Farm	2.8	2.96	Hold	PER23x FY23
08/01/22	DBS Vickers	Dairy Farm	2.8	2.67	Hold
08/01/22	CIMB	Dairy Farm	2.8	2.6	Hold
08/01/22	Citi Research	Dairy Farm	2.8	2.83	Hold
08/01/22	UOB Kay Hian	Digicore Reit	0.87	0.98	Buy
08/01/22	DBS Vickers	Digicore Reit	0.87	1.15	Buy
08/01/22	Kim Eng	Far East Hospitality	0.64	0.8	Buy	DDM
08/01/22	DBS Vickers	Hongkong Land	5.19	6.14	Buy
08/01/22	UOB Kay Hian	Japfa	0.585	0.63	Hold	Sum of parts, PER9.1x FY22, Buy @ $0.56
08/01/22	SAC Capital	Jumbo	0.255	0.38	Buy
08/01/22	Phillip	Keppel Corp	6.88	8.95	Buy	PB1.2x FY22
08/01/22	Lim & Tan	Keppel Corp	6.88	8.43	Accumulate
08/01/22	UOB Kay Hian	Sheng Siong	1.6	1.91	Buy	PER21x FY23
08/01/22	phillip	Sheng Siong	1.6	1.86	Buy	PER23x
08/01/22	DMG & Partners	Sheng Siong	1.6	1.78	Buy	PER19x FY22
08/01/22	CIMB	Sheng Siong	1.6	1.85	Add
08/01/22	Citi Research	Sheng Siong	1.6	1.79	Buy
08/01/22	UOB Kay Hian	SIA	5.45	5.18	Hold	PB1.15x FY23
08/01/22	DBS Vickers	SIA	5.45	6.6	Buy	EV/Ebitda6.5x
08/01/22	DBS Vickers	Starhill	0.595	0.75	Buy
08/01/22	phillip	UOB	27.55	35.7	Buy	GGM, PB1.46x FY22
08/01/22	DBS Vickers	UOB	27.55	34.2	Buy
08/01/22	DMG & Partners	UOB	27.55	29.3	Neutral	GGM, PB1.08x FY23
08/01/22	CIMB	UOB	27.55	35.6	Add
08/01/22	Kim Eng	UOB	27.55	32.28	Buy

Sunday, July 31, 2022

The truth behind Sri Lanka's debts.

Here are the top 5 creditors of Sri Lanka:

1. International market borrowings (47%) - Issued in USD.

2. Asian Development Bank (13%) - Headed by Japan.

3. China (10%)

4. Japan (10%)

5. World Bank (9%) - Headed by the US.

It is very obvious that the US and Japan created the debt trap in Sri Lanka. Therefore, the US and Japan must take a heavy hairline cut to help Sri Lanka.