Nanofilm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/26/20	UOB Kay Hian	Nanofilm	3.1	4.07	Buy	PEG
12/10/20	UOB Kay Hian	Nanofilm	3.53	4.52	Buy	PER38.7x FY21
12/14/20	CIMB	Nanofilm	3.9	5.52	Add	PER35.3x FY22

Stock calls for 3 February 2021

Date	Analyst	Company	Last	Target	Call	Valuation
02/03/21	UOB Kay Hian	A-Reit	3.1	3.68	Buy
02/03/21	DBS Vickers	A-Reit	3.1	4	Buy
02/03/21	Kim Eng	A-Reit	3.1	4	Buy	DCF
02/03/21	DMG & Partners	A-Reit	3.1	3.15	Neutral	Up from $3
02/03/21	CIMB	A-Reit	3.1	3.25	Add	DDM
02/03/21	Lim & Tan	A-Reit	3.1	0	Accumulate
02/03/21	DBS Vickers	AEM	4.35	5.16	Buy
02/03/21	OCBC	CapitaRetail China	1.37	1.58	Buy
02/03/21	OCBC	CDL Hospitality	1.24	1.4	Buy
02/03/21	Amfrasers	China Sunsine	0.48	0.53	Outperform
02/03/21	CIMB	Elite ComReit	0.67	0.79	Add	DDM
02/03/21	DBS Vickers	First Resources	1.59	1.83	Buy	DCF
02/03/21	Jefferies	Ifast Corp	6.78	7.8	Buy
02/03/21	Amfrasers	Jiutian	0.104	0.155	Not Rated
02/03/21	DMG & Partners	Keppel Pacific	0.735	0.84	Buy
02/03/21	OCBC	Mapletree North Asia	0.99	1.06	Buy
02/03/21	CIMB	OUE Commercial	0.4	0.415	Hold	DDM
02/03/21	DBS Vickers	Riverstone	1.52	1.85	Buy
02/03/21	DBS Vickers	Sheng Siong	1.61	1.9	Buy

Vaccines prevent illness but maybe not infection.

https://sg.news.yahoo.com/test-positive-being-vaccinated-why-200643383.html

Medical experts are starting to change their tunes now after some people get infected after vaccinations.

Like I said previously below, the main purpose of vaccination is not to overwhelm the healthcare system.

http://sg-stock.blogspot.com/2021/01/pfizers-vaccine-wont-protect-you-from.html

ISM PMI declined to 58.7 in January 2021.

 

The prices increased further by 4.5 to 82.1 because of the rising higher freight costs (about $6000 per container). This also impacted the supplier’s deliveries by +0.5 to 68.2 as a higher number indicated slower deliveries.

http://sg-stock.blogspot.com/2021/01/the-us-inflation-is-coming-part-5.html

The producers failed to ramp up their production (60.7, -4) further because of the longer deliveries time but employment increased (52.6, +0.9) to prepare for a rebound in the customers’ inventories (33.1, -4.8) which was too low because the inventories continued to be depleted. However, the new order (61.1, -6.4) declined due to lower export and local orders. This could be seen in the monthly US retail sales figure below.

https://www.bloomberg.com/news/articles/2021-01-15/slump-in-u-s-retail-sales-wraps-up-painful-year-for-merchants

All these resulted in the PMI decreasing to 58.7 (-1.8). This means that the US economy will still continue to improve unless there is another major lockdown due to the new covid variant.

Moya Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/20	DMG & Partners	Moya Asia	0.08	0.093	Buy	DCF
03/02/20	DMG & Partners	Moya Asia	0.073	0.082	Buy	DCF

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/25/20	DBS Vickers	MM2 Asia	0.124	0.107	Fully Valued
06/02/20	DBS Vickers	MM2 Asia	0.175	0.14	Fully Valued	Sum of parts, PER6x FY21
11/16/20	DBS Vickers	MM2 Asia	0.17	0.13	Fully Valued	Sum of parts, PER10x FY22

Mindchamps - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/20	DMG & Partners	Mindchamps	0.395	0.37	Neutral	DCF