The hard truth: Russia is not wrong to invade Ukraine. - Part 7

Time will tell the truth and the truth is coming to the fore as time passes.  More people are uncovering the truth and voicing the truth now.  When someone pokes your eye, will you just smile or fight back?  The US used Ukraine to poke Russia's eye and Russia fought back just as expected.

Analyses of US main street economic indicators. - Part 6

Let's take the economic pulse of the US again.

The US is having full employment now and the unemployment rate is unlikely to trend lower.

Michigan Consumer Sentiment Index

The Michigan consumer sentiment index is on a downward trajectory because of the rising inflation.

The elevated inflation is starting to affect the US durable goods orders as the index has plunged by the largest margin (-2.2%).  The indexes excluding transportation and non-defense capital goods also decreased by 0.6% and 0.3% respectively.  This shows that the consumers have cut back on their spending after frontloading their purchases in view of the rising inflation.

Baltic dry index - 2544

 

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 670

Related stock: Sembcorp Marine & Cosco.

Bank of America and Citibank also concur with our analysis about US rate hikes.

https://sg.finance.yahoo.com/news/bofa-citi-expect-multiple-50-151317873.html

Bank of America and Citibank also indicated multiple 50bp interest rate hikes after Goldman Sachs.

We had indicated much earlier that the US would likely hike its rate aggressively in the 1st half of 2022.  Time is running out now!

http://sg-stock.blogspot.com/2022/03/goldman-sachs-gs-concurs-with-our.html

Hour Glass - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/17/22	Amfrasers	Hour Glass	2.01	2.32	Buy	DCF
03/15/22	DBS Vickers	Hour Glass	2	2.62	Buy	DCF & PER14.5x

Hongkong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/16/21	CIMB	Hongkong Land	5.15	5.7	Add	RNAV (45% discount), Up from $5.30
07/30/21	Lim & Tan	Hongkong Land	4.57	6.03	Buy
08/02/21	DBS Vickers	Hongkong Land	4.54	5.23	Buy	RNAV (55% discount)
08/04/21	CIMB	Hongkong Land	4.57	5.7	Add
09/07/21	DBS Vickers	Hongkong Land	4.2	5.41	Buy	RNAV (55% discount)
09/07/21	CIMB	Hongkong Land	4.2	5.7	Add	RNAV (45% discount)
09/07/21	Lim & Tan	Hongkong Land	4.2	5.81	Accumulate
09/10/21	Morningstar	Hongkong Land	4.85	7.4	Buy	Up from $7.20
09/17/21	Lim & Tan	Hongkong Land	4.66	5.9	Accumulate
10/06/21	DBS Vickers	Hongkong Land	4.85	5.41	Buy
10/06/21	CIMB	Hongkong Land	4.85	5.48	Add
11/04/21	CIMB	Hongkong Land	5.52	6.3	Add	RNAV (40% discount)
11/16/21	DBS Vickers	Hongkong Land	5.73	6.55	Buy	RNAV (45% discount)
11/17/21	Lim & Tan	Hongkong Land	5.75	6.5	Accumulate
12/16/21	Lim & Tan	Hongkong Land	5.41	0	Accumulate on weakness
01/18/22	DBS Vickers	Hongkong Land	5.42	6.64	Buy
03/04/22	Lim & Tan	Hongkong Land	5.4	0	Accumulate
03/07/22	DBS Vickers	Hongkong Land	5.4	6.61	Buy	RNAV (45% discount)
03/07/22	CIMB	Hongkong Land	5.4	6.1	Add	RNAV

Hong Leong Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/07/21	CIMB	Hong Leong Asia	0.825	1.18	Add	Sum of parts
04/28/21	UOB Kay Hian	Hong Leong Asia	1.04	1.38	Buy	PER12x FY22
06/07/21	DBS Vickers	Hong Leong Asia	0.965	1.14	Buy	Sum of parts
06/07/21	UOB Kay Hian	Hong Leong Asia	0.965	1.38	Buy
07/02/21	UOB Kay Hian	Hong Leong Asia	0.955	1.38	Buy
08/18/21	DBS Vickers	Hong Leong Asia	0.85	1.02	Buy	Sum of parts
08/19/21	UOB Kay Hian	Hong Leong Asia	0.855	1.38	Buy
08/20/21	CIMB	Hong Leong Asia	0.835	1.05	Add	Sum of parts
09/02/21	CIMB	Hong Leong Asia	0.87	1.05	Add	Sum of parts, PER10.5x CY22
09/24/21	DBS Vickers	Hong Leong Asia	0.81	1.02	Buy
10/22/21	UOB Kay Hian	Hong Leong Asia	0.87	1.38	Buy
02/28/22	DBS Vickers	Hong Leong Asia	0.765	1.02	Buy
03/09/22	CIMB	Hong Leong Asia	0.78	1	Add	Sum of parts

Stock calls for 25 March 2022

Date	Analyst	Company	Last	Target	Call	Valuation
03/25/22	DMG & Partners	Marco Polo	0.029	0.04	Buy
03/25/22	UOB Kay Hian	United Hampshire	0.62	0.97	Buy	DDM
03/25/22	Lim & Tan	UOB	32.03	0	Accumulate