Date | Analyst | Company | Last | Target | Call | Valuation |
05/05/20 | DBS Vickers | Hongkong Land | 4.13 | 5.22 | Buy | RNAV (55% discount) |
07/30/20 | Lim & Tan | Hongkong Land | 3.72 | 0 | Buy | |
07/30/20 | DBS Vickers | Hongkong Land | 3.72 | 4.94 | Buy | RNAV (55% discount) |
08/03/20 | DBS Vickers | Hongkong Land | 3.79 | 4.8 | Buy | RNAV (55% discount) |
08/03/20 | CIMB | Hongkong Land | 3.79 | 5.1 | Add | |
09/15/20 | Lim & Tan | Hongkong Land | 3.8 | 0 | Buy | |
10/16/20 | Lim & Tan | Hongkong Land | 3.79 | 0 | Buy | |
12/02/20 | CIMB | Hongkong Land | 4.19 | 5.1 | Add | |
03/16/21 | CIMB | Hongkong Land | 5.15 | 5.7 | Add | RNAV (45% discount), Up from $5.30 |
Wednesday, April 7, 2021
Hongkong Land - Stock calls
Ho Bee - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/14/20 | CIMB | Ho Bee | 2.19 | 2.7 | Add | Up from $2.56 |
10/20/20 | UOB Kay Hian | Ho Bee | 2.28 | 3.32 | Buy | RNAV (40% discount) |
Stock calls for 7 April 2021
Date | Analyst | Company | Last | Target | Call | Valuation |
04/07/21 | UOB Kay Hian | CSE Global | 0.54 | 0.68 | Buy | |
04/07/21 | CIMB | Hong Leong Asia | 0.825 | 1.18 | Add | Sum of parts |
04/07/21 | Lim & Tan | Overseas Edu | 0.315 | 0 | Accumulate on weakness | |
04/07/21 | DMG & Partners | Raffles Medical | 1.17 | 1.29 | Buy | |
04/07/21 | DBS Vickers | ST Engineering | 3.95 | 4.2 | Buy | |
04/07/21 | DBS Vickers | Straits Trading | 2.89 | 3.9 | Buy | Sum of parts (40% discount) |
The US is imposing its economic policies on the world again! - Part 2
https://finance.yahoo.com/news/gopinath-imf-very-much-in-support-of-global-minimum-corporate-tax-144331721.html
Omg! The US is proposing to set the minimum global corporate tax rate at 21% which is much higher than Singapore's corporate rate tax of 17%. This means SG will have to increase its corporate tax by 4% to 21% for compliance and this will increase the cost of doing business. It doesn't make sense for SG to have a high corporate tax because SG is not a welfare state and SG doesn't have unemployment and other benefits like the western countries.
Western countries need high taxes because they have welfare and retirement benefits but many Asian countries do not. Therefore, Asian countries cannot afford to follow western economic policies.
As the world bank and IMF are under the control of these western countries, they can easily force Asian countries to comply with the "global rules" that they set. Therefore, we need to set up our own Asian Bloc to serve and protect our own Asian interests.
Tuesday, April 6, 2021
Russia has thrown its weight behind Myanmar Junta. - Part 2
https://www.channelnewsasia.com/news/world/russia-warns-myanmar-sanctions-spark-full-blown-civil-conflict-14566310
Russia has spoken up for Myanmar Junta again. However, Myanmarese protestors still don't dare to protest against Russia or burn the Russian flag.
It looks like the Myanmarese specifically target only China.
China, Russia, India and Vietnam all refused to take further punitive actions against the military junta in the recent UNSC meeting but the Myanmarese only targeted China by burning China's flag.
We had stated previously we couldn't comprehend the Myanmarese protestors. The only logical deduction is that they're being controlled by a foreign power.
The Myanmarese protestors are not getting support from its neighbours and they don't bother to understand the conundrum. India and Vietnam won't support the protestors because they don't want to offend Russia since they're buying Russian weapons. China has a diplomatic policy of not interfering in internal domestic affairs and won't be supporting the protestors. Thailand also won't support the protestors since it is on good terms with the junta. Let's not forget that Thailand was the only one giving advice to the junta on the military coup since it had the experience. Thailand also stopped the Myanmarese refugees from crossing the Thai border.
If these protestors want China to rein in the junta, they should approach China with good gestures. No matter what, they shouldn't protest against China and burn the China flag but still want China to help them.
Furthermore, many other ASEAN countries (including SG) also won't sanction the military junta. Therefore, the Myanmarese protestors are making the wrong move by allowing themselves to be used by the west. The west wants to see the China-Myanmar port and oil pipeline being terminated and these protestors are playing right into the western hand.
These protestors will only lose more lives and bring a civil war upon themselves. I don't know whether I should pity them or laugh at their own stupidity.
Hi-P - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/03/20 | Kim Eng | Hi-P | 1.28 | 1.23 | Hold | PB1.4x FY21 |
08/03/20 | DBS Vickers | Hi-P | 1.28 | 1.34 | Hold | PER13x FY21 |
08/03/20 | UOB Kay Hian | Hi-P | 1.28 | 1.11 | Sell | |
09/09/20 | CIMB | Hi-P | 1.18 | 1.23 | Hold | PB1.52x FY20 |
09/30/20 | Kim Eng | Hi-P | 1.13 | 1.23 | Buy | PB1.4x FY21 |
10/05/20 | CIMB | Hi-P | 1.14 | 1.23 | Hold | |
12/21/20 | Kim Eng | Hi-P | 2 | 1.23 | Sell | Accept offer price of $2 |
12/21/20 | Lim & Tan | Hi-P | 2 | 2 | Accept Offer | offer price @ $2 |
Guocoland - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/25/20 | Lim & Tan | Guocoland | 1.4 | 0 | Accumulate |
Grand Venture - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/06/20 | CIMB | Grand Venture | 0.22 | 0.262 | Add | |
08/12/20 | CIMB | Grand Venture | 0.26 | 0.36 | Add | |
02/23/21 | CIMB | Grand Venture | 0.54 | 0.605 | Add | GGM, PB3.31x FY21 |
Stock calls for 6 April 2021
Date | Analyst | Company | Last | Target | Call | Valuation |
04/06/21 | DBS Vickers | Frasers Centrepoint Trust | 2.53 | 3 | Buy | DCF |
04/06/21 | Lim & Tan | KSH | 0.36 | 0 | Accumulate | |
04/06/21 | DMG & Partners | Singtel | 2.48 | 3.1 | Buy | |
04/06/21 | OCBC | SPH | 1.77 | 1.92 | Buy | Sum of parts |
04/06/21 | DMG & Partners | Starhub | 1.32 | 1.38 | Neutral |
The US is imposing its economic policies on the world again!
https://sg.news.yahoo.com/yellen-says-global-minimum-tax-172944769.html
The US wants the world to impose a minimum global corporate tax rate because the US has to increase its corporate tax rate to finance its trillion dollars stimulus packages and welfares.
The developing countries are not welfare states and don't have trillion dollars stimulus packages. Therefore, it is unfair for these developing countries to have similar corporate tax rates to the US.
Thus, this accentuates again the need for Asia to form an Asian Bloc to protect Asia from unilateral western economic policies.
Monday, April 5, 2021
Pfizer has finally come clean about its vaccine efficacy. - Part 2
http://sg-stock.blogspot.com/2021/02/pfizer-has-finally-come-clean-about-its.html
In Feb 2021, Pfizer said that the B1351 variant would reduce its vaccine's efficacy by 2/3 after analyzing its lab studies.
In April 2021, Pfizer declared that its vaccine was effective against B1351.
Look like we'll only know the truth in the real world.
Since Japan is inoculating its people with Pfizer's vaccines, we will know the truth soon by observing Japan's situation. How is Japan doing now?
Japan is having a resurgent right now (4th wave) and the bad news is Pfizer's vaccines are unlikely to stop the 4th wave as indicated by an AI simulation.
United Nations: French military airstrike killed Mali civilians.
https://news.un.org/en/story/2021/03/1088722
France used falsehoods to smear China about its human rights violations such as forced labour, forced sterilization and even genocide in Xinjiang but France killed innocent Mali civilians without any remorse.
Shame on you, France!
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