Stock calls for 12 January 2022

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/22	DBS Vickers	AEM	5.22	6.04	Buy
01/12/22	Kim Eng	Bumitama	0.55	0.93	Buy
01/12/22	Kim Eng	DBS	35.42	37.07	Buy
01/12/22	DBS Vickers	Econ Healthcare	0.29	0.28	Hold	DCF
01/12/22	Kim Eng	Frencken	1.87	2.5	Buy
01/12/22	Amfrasers	Mapletree Commercial	1.82	2.24	Buy
01/12/22	Kim Eng	OCBC	12.11	14.67	Buy
01/12/22	Kim Eng	Singtel	2.42	2.83	Buy
01/12/22	Kim Eng	SPH Reit	0.975	0.95	Hold
01/12/22	OCBC	SPH Reit	0.975	0.95	Hold
01/12/22	Kim Eng	Thai Beverage	0.66	0.99	Buy
01/12/22	UOB Kay Hian	United Hampshire	0.66	0.95	Buy	DDM
01/12/22	Kim Eng	UOB	29.33	31.15	Buy
01/12/22	Kim Eng	Wilmar	4.27	5.8	Buy

China will be cutting its rates very soon.

https://www.worldfinancetrend.com/2022/01/11/calls-for-china-to-cut-rates-grow-louder-as-economic-risks-grow/

We had stated a few days ago that China would be implementing QE in 2022.

http://sg-stock.blogspot.com/2022/01/analyses-of-us-main-street-economic_9.html

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/21	DBS Vickers	MM2 Asia	0.083	0.089	Hold	Sum of parts
04/28/21	UOB Kay Hian	MM2 Asia	0.073	0.098	Buy	Sum of parts
05/31/21	DBS Vickers	MM2 Asia	0.062	0.067	Hold	Sum of parts, PER10x FY22
06/07/21	UOB Kay Hian	MM2 Asia	0.068	0.095	Buy	Sum of parts
08/31/21	DBS Vickers	MM2 Asia	0.057	0.067	Buy	Sum of parts, PER10x FY22

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/21	Lim & Tan	Micro-Mechanics	3.64	0	Hold
02/02/21	UOB Kay Hian	Micro-Mechanics	3.75	2.87	Sell
02/08/21	Phillip	Micro-Mechanics	3.58	3.35	Neutral	PER21x FY21, Ex-cash
05/03/21	Phillip	Micro-Mechanics	3.33	3.02	Neutral	PER21x FY21, Ex-cash
09/30/21	Lim & Tan	Micro-Mechanics	3.19	0	High-Risk
11/01/21	Lim & Tan	Micro-Mechanics	3.31	0	Hold
12/07/21	DBS Vickers	Micro-Mechanics	3.17	4.05	Buy

Metro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/25/21	Lim & Tan	Metro	0.74	0	Accumulate

Stock calls for 11 January 2022

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/22	CIMB	AEM	4.99	7.9	Add
01/11/22	Lim & Tan	BRC Asia	1.54	2	Accumulate
01/11/22	DMG & Partners	Bumitama	0.555	0.47	Neutral
01/11/22	UOB Kay Hian	Comfortdelgro	1.34	1.9	Buy	PER18.2x FY22
01/11/22	DMG & Partners	First Resources	1.6	1.6	Neutral
01/11/22	DMG & Partners	Golden Agri	0.245	0.24	Neutral
01/11/22	UOB Kay Hian	Jiutian	0.078	0.14	Buy
01/11/22	Lim & Tan	SPH Reit	0.965	0	Neutral
01/11/22	DMG & Partners	UOB	29.16	33.5	Buy	GGM, PB1.2x FY22
01/11/22	DMG & Partners	Wilmar	4.3	5.05	Buy

The FED is forecast to hike rates 4 times in 2022.

The US Fed is way behind the inflation curve and has to hike its rates aggressively in 2022.

https://sg.finance.yahoo.com/news/us-fed-likely-raise-interest-044102834.html

We had already stated the inflation danger in June 2021.

https://sg-stock.blogspot.com/2021/06/webcast-2-current-inflation-is-real-and.html

Megachem - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/24/21	SAC Capital	Megachem	0.39	0.55	Buy	PER11.4x FY21, PB1.3x, Up from $0.5

Medtecs - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/21	DBS Vickers	Medtecs	0.955	1.25	Buy	PER9.5x FY21/22
05/07/21	DBS Vickers	Medtecs	1.03	0.92	Hold	PER10x FY22, Cut from $1.05