Date | Analyst | Company | Last | Target | Call | Valuation |
05/31/21 | Kim Eng | Frencken | 1.77 | 2 | Buy | |
05/31/21 | DMG & Partners | Japan Foods | 0.395 | 0.37 | Neutral | |
05/31/21 | Lim & Tan | KSH | 0.355 | 0 | Accumulate | |
05/31/21 | CIMB | Mapletree North Asia | 1.03 | 1.15 | Add | |
05/31/21 | DBS Vickers | MM2 Asia | 0.062 | 0.067 | Hold | |
05/31/21 | CIMB | Raffles Medical | 1.08 | 1.22 | Add | Sum of parts |
05/31/21 | Kim Eng | Sarine | 0.605 | 0.7 | Buy | DCF |
05/31/21 | OCBC | SATS | 3.97 | 4.84 | Buy | |
05/31/21 | phillip | Sembcorp Industries | 2.2 | 2.07 | Neutral | PB1x FY21 |
05/31/21 | Amfrasers | Sunpower | 0.945 | 1.53 | outperform | DCF |
05/31/21 | Kim Eng | Venture | 19.26 | 22 | Buy |
Monday, May 31, 2021
Stock calls for 31 May 2021
Latest updates on breakthrough cases in the US.
https://sg.news.yahoo.com/fully-vaccinated-people-catch-covid-161150229.html
The US has a few numbers of covid variants: UK variant, South African variant, California variant and Brazilian variant.
Quote:
"Fully vaccinated people infected with Covid variants may be likely to pass the virus on, researchers have said."
"The study also showed that the vaccinated individuals infected with Covid had high viral loads."
"vaccinated individuals who contracted the disease were also likely to be infected with variants."
Therefore, we cannot be complacent that being fully vaccinated will make us safe.
Sunday, May 30, 2021
Syrian presidential election: Bashar al-Assad won by more than 95%.
https://en.wikipedia.org/wiki/2021_Syrian_presidential_election
The awakening of the Syrian citizens had just happened. They had realized the mistake of their belief in the US democracy and they didn't want to be used as pawns by the US anymore.
Therefore, more than 95% of Syrians cast their votes for Assad whom the US was trying to dethrone for many years because hundreds of thousands of Syrians had died in the war for nothing.
The Syrians had also realized that their lives were a lot better under President Assad but not in the name of the US democracy.
True democracy has arrived in Syria finally but it will take a long time to repair the damages caused by the US. Nevertheless, this is a good start.
Saturday, May 29, 2021
What's the relationships between the US rates and USD?
US 10-year inflation expectation (10-year breakeven inflation rate), US 10-year TIPS (Treasury inflation-protected securities and 10-year treasury yield:
10-year breakeven inflation = 10-year treasury yield - 10-year TIPS
2.4 = 1.58 - (-0.82)
USD Index:
We will be able to establish the relationships between the US rate and USD from the 2 charts above.
Generally speaking, the 10-year US inflation expectation and treasury yield have an inverse relationship with the USD index. This means that when the 10-year US inflation expectation and treasury yield move up, the USD index will move down and vice versa.
As for the 10-year TIPS, it has a positive correlation with the USD index. This means that these two will move in sync with each other.
After we had determined the relationships between the US rates and the USD index, we could understand the rationale behind the recent USD depreciation. Moreover, we could also understand the causes for the recent rises in the US inflation expectation from the formula.
OMG! We have a Vietnam variant now.
This looks bad because this Vietnam variant is a hybrid of the UK and Indian variants. There is a new Thai variant spreading in the UK already and Vietnam has a new variant too.
We did warn about the hybrid between the variants yesterday.
China warns about a financial meltdown after FED's warning.
https://www.businesstimes.com.sg/government-economy/chinas-banking-regulator-warns-of-global-asset-bubble-risks
Alright, we admit that it's our bad to spook the US FED and China because we're the first to warn about an impending financial crisis in 2022.
This is not our first time to spook the US FED. Our first time was on 7 March 2020 when we disclosed that the US FED was short of USD after performing our analysis. Thereafter, the New York FED expanded its repo market fundings a few days (10 and 12 March 2020) later after our posting.
We really need to take the central banks' warning seriously because the largest and 2nd largest economies are warning about the same financial meltdown at around the same time.
Friday, May 28, 2021
Wilmar - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/12/20 | UOB Kay Hian | Wilmar | 3.54 | 4 | Buy | Sum of parts |
05/12/20 | CIMB | Wilmar | 3.54 | 4.58 | Add | Sum of parts |
05/13/20 | DMG & Partners | Wilmar | 3.82 | 4.83 | Buy | Sum of parts |
05/13/20 | DBS Vickers | Wilmar | 3.82 | 4 | Buy | Sum of parts, PER16.7x FY20 |
05/13/20 | Kim Eng | Wilmar | 3.82 | 4.12 | Buy | |
06/11/20 | UOB Kay Hian | Wilmar | 4.04 | 4.8 | Buy | |
06/24/20 | DMG & Partners | Wilmar | 4.18 | 4.87 | Buy | Sum of parts |
07/02/20 | DBS Vickers | Wilmar | 4.1 | 4.6 | Buy | Sum of parts, PER19.6x FY20 |
08/07/20 | DMG & Partners | Wilmar | 4.79 | 5.45 | Buy | Sum of parts |
08/07/20 | CIMB | Wilmar | 4.79 | 5.53 | Add | Sum of parts |
08/13/20 | Kim Eng | Wilmar | 4.79 | 5.24 | Buy | DCF & PER20.1x |
08/13/20 | DBS Vickers | Wilmar | 4.79 | 5.28 | Buy | Sum of parts, PER20.2x FY20 |
08/14/20 | OCBC | Wilmar | 4.87 | 5.4 | Buy | |
09/07/20 | DBS Vickers | Wilmar | 4.37 | 5.28 | Buy | |
09/15/20 | UOB Kay Hian | Wilmar | 4.15 | 5.35 | Buy | Sum of parts |
09/17/20 | CIMB | Wilmar | 4.3 | 5.53 | Add | Sum of parts |
10/01/20 | Kim Eng | Wilmar | 4.4 | 5.24 | Buy | |
10/08/20 | DMG & Partners | Wilmar | 4.58 | 5.45 | Buy | |
10/16/20 | UOB Kay Hian | Wilmar | 4.36 | 5.35 | Buy | |
10/16/20 | DMG & Partners | Wilmar | 4.36 | 5.6 | Buy | |
11/02/20 | UOB Kay Hian | Wilmar | 4.04 | 5.35 | Buy | |
11/03/20 | OCBC | Wilmar | 4.25 | 5.4 | Buy | |
11/03/20 | DBS Vickers | Wilmar | 4.25 | 5.28 | Buy | Sum of parts, PER17.8x FY21 |
11/03/20 | Lim & Tan | Wilmar | 4.25 | 0 | Accumulate | |
11/03/20 | CIMB | Wilmar | 4.25 | 5.54 | Add | |
11/03/20 | DMG & Partners | Wilmar | 4.25 | 5.85 | Buy | |
11/03/20 | Kim Eng | Wilmar | 4.25 | 5.4 | Buy | |
12/08/20 | CIMB | Wilmar | 4.23 | 5.45 | Add | |
01/07/21 | DMG & Partners | Wilmar | 4.95 | 6 | Buy | |
01/13/21 | UOB Kay Hian | Wilmar | 5.08 | 6.4 | Buy | |
01/14/21 | Kim Eng | Wilmar | 5.05 | 6.8 | Buy | DCF & PER44x |
01/21/21 | DBS Vickers | Wilmar | 5.34 | 6.67 | Buy | Sum of parts, PER21x FY21 |
02/23/21 | CIMB | Wilmar | 5.51 | 6.15 | Add | Sum of parts |
02/23/21 | UOB Kay Hian | Wilmar | 5.51 | 6.4 | Buy | PER26x FY21 |
02/23/21 | DBS Vickers | Wilmar | 5.51 | 6.67 | Buy | |
02/23/21 | DMG & Partners | Wilmar | 5.51 | 6.3 | Buy | |
02/24/21 | OCBC | Wilmar | 5.39 | 6.16 | Buy | |
03/15/21 | DMG & Partners | Wilmar | 5.34 | 6.3 | Buy | |
03/15/21 | DBS Vickers | Wilmar | 5.34 | 6.67 | Buy | |
03/23/21 | CIMB | Wilmar | 5.39 | 6.15 | Add | Sum of parts, PB1x |
03/26/21 | UOB Kay Hian | Wilmar | 5.36 | 6.4 | Buy | |
04/13/21 | DMG & Partners | Wilmar | 5.4 | 6.3 | Buy | |
04/30/21 | CIMB | Wilmar | 5.3 | 6.15 | Add | Sum of parts |
04/30/21 | UOB Kay Hian | Wilmar | 5.3 | 6.4 | Buy | |
05/04/21 | CIMB | Wilmar | 5.01 | 6.15 | Add | |
05/04/21 | OCBC | Wilmar | 5.01 | 6.21 | Buy | |
05/04/21 | DMG & Partners | Wilmar | 5.01 | 6.45 | Buy |
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