DBS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/21	CIMB	DBS	25.04	28.35	Add
01/06/21	phillip	DBS	25.35	22.6	Neutral
01/06/21	Jefferies	DBS	25.35	23.5	Hold
01/12/21	UOB Kay Hian	DBS	26.92	31.48	Buy
01/25/21	OCBC	DBS	26.17	29.45	Hold	GGM, PB1.35x FY22
01/25/21	UOB Kay Hian	DBS	26.17	29.45	Hold
01/27/21	Kim Eng	DBS	25.7	29.78	Buy
02/02/21	Macquarie	DBS	25.24	25.8	Neutral
02/04/21	phillip	DBS	25.2	22.6	Neutral
02/10/21	Lim & Tan	DBS	25.93	0	Hold
02/10/21	CIMB	DBS	25.93	28.35	Add	GGM
02/11/21	UOB Kay Hian	DBS	26	29.3	Hold
02/11/21	DMG & Partners	DBS	26	30	Buy
02/11/21	Kim Eng	DBS	26	29.64	Buy	DDM
02/15/21	phillip	DBS	26.07	29.5	Accumulate	GGM, PB1.31x FY21
02/15/21	OCBC	DBS	26.07	29.5	Buy	PB1.47x & PER12.9x FY21
02/15/21	Jefferies	DBS	26.07	29	Buy
02/19/21	UOB Kay Hian	DBS	25.76	29.2	Hold	Buy @ $25.2
02/19/21	Citi Research	DBS	25.76	29.5	Buy
02/19/21	JP Morgan	DBS	25.76	33	Overweight
03/03/21	DMG & Partners	DBS	26.94	30	Buy
03/17/21	OCBC	DBS	27.9	29.5	Buy
03/17/21	UOB Kay Hian	DBS	27.9	30.3	Buy
03/31/21	DMG & Partners	DBS	29	33	Buy
04/01/21	CIMB	DBS	28.79	28.35	Add
04/05/21	phillip	DBS	29	29.5	Accumulate	GGM, PB1.31x FY21
04/05/21	UOB Kay Hian	DBS	29	32.95	Buy	GGM, PB1.48x FY22
04/05/21	Jefferies	DBS	29	33	Buy
04/21/21	Lim & Tan	DBS	29.02	0	Accumulate
04/21/21	Citi Research	DBS	29.02	32.2	Buy
04/21/21	DMG & Partners	DBS	29.02	33	Buy
04/22/21	Macquarie	DBS	28.4	30	Neutral	PB
04/30/21	Morgan Stanley	DBS	29.39	28.4	Overweight
04/30/21	Citi Research	DBS	29.39	33.5	Buy
04/30/21	JP Morgan	DBS	29.39	33	Overweight
05/03/21	phillip	DBS	29.91	31.4	Accumulate	GGM, PB1.36x FY21
05/03/21	UOB Kay Hian	DBS	29.91	35.45	Buy	GGM, PB1.56x FY22
05/03/21	DMG & Partners	DBS	29.91	34	Buy
05/03/21	Jefferies	DBS	29.91	33.5	Buy
05/12/21	Macquarie	DBS	29.44	31	Neutral
05/18/21	Kim Eng	DBS	29.2	33.71	Buy
06/04/21	UOB Kay Hian	DBS	29.82	35.45	Buy	GGM
06/07/21	phillip	DBS	29.71	31.4	Accumulate
06/29/21	CIMB	DBS	29.6	32.64	Add
07/05/21	Macquarie	DBS	30.08	30.5	Neutral
07/09/21	phillip	DBS	29.54	31.4	Accumulate
07/19/21	UOB Kay Hian	DBS	30.12	35.6	Buy
07/21/21	Macquarie	DBS	29.58	31.5	Neutral
07/29/21	CIMB	DBS	30.07	32.64	Add
08/05/21	CIMB	DBS	30.58	32.64	Add	GGM
08/06/21	Macquarie	DBS	30.8	31.25	Neutral
08/06/21	phillip	DBS	30.8	32	Accumulate	GGM, PB1.39x
08/06/21	OCBC	DBS	30.8	34	Buy
08/06/21	DMG & Partners	DBS	30.8	35.5	Buy
08/10/21	UOB Kay Hian	DBS	31	35.8	Buy	GGM, PB1.57x FY22
08/10/21	CIMB	DBS	31	32.7	Add
09/01/21	CIMB	DBS	29.87	32.7	Add
09/23/21	Macquarie	DBS	29.3	31.25	Neutral	PB
09/27/21	Kim Eng	DBS	29.35	35.11	Buy
10/20/21	Macquarie	DBS	31.22	34	outperform	PB
10/20/21	Kim Eng	DBS	31.22	35.11	Buy
10/22/21	UOB Kay Hian	DBS	31.22	35.8	Buy
11/05/21	Lim & Tan	DBS	32.21	0	Hold
11/08/21	Macquarie	DBS	32.29	36	outperform	PB
11/08/21	UOB Kay Hian	DBS	32.29	37	Buy	GGM, PB1.62x FY22
11/08/21	phillip	DBS	32.29	35.9	Accumulate	GGM, PB1.56x FY21
11/08/21	Kim Eng	DBS	32.29	37.03	Buy	PB
11/15/21	DMG & Partners	DBS	32.04	40.4	Buy	GGM, PB1.57x FY22
11/16/21	CIMB	DBS	32.19	34.9	Add	PB1.5x FY22
12/13/21	UOB Kay Hian	DBS	31.9	37	Buy
12/17/21	Macquarie	DBS	32.33	36	outperform
01/05/22	UOB Kay Hian	DBS	33.71	40.28	Buy	GGM, PB1.67x FY23
01/07/22	phillip	DBS	33.82	35.9	Accumulate
01/10/22	Macquarie	DBS	34.37	36.7	outperform	PB
01/12/22	Kim Eng	DBS	35.42	37.07	Buy
01/28/22	OCBC	DBS	35.26	40	Buy
01/31/22	Lim & Tan	DBS	34.82	38.41	Accumulate
02/07/22	UOB Kay Hian	DBS	35.95	40.28	Buy
02/08/22	DMG & Partners	DBS	36.48	40.4	Buy
02/08/22	Lim & Tan	DBS	36.48	38.41	Accumulate
02/09/22	phillip	DBS	36.58	35.9	Accumulate
02/14/22	CIMB	DBS	37.25	39.2	Add	GGM
02/15/22	UOB Kay Hian	DBS	37.2	40	Buy	GGM, PB1.67x FY23
02/15/22	Kim Eng	DBS	37.2	41.82	Buy
02/15/22	DMG & Partners	DBS	37.2	42.7	Buy
02/16/22	Jefferies	DBS	36.53	39	Buy
02/16/22	CIMB	DBS	36.53	39.9	Add
02/18/22	phillip	DBS	36.53	41.6	Accumulate	GGM, PB1.79x FY22
03/01/22	CIMB	DBS	33.82	39.9	Add
03/09/22	phillip	DBS	31.23	41.6	Accumulate

Stock calls for 9 March 2022

Date	Analyst	Company	Last	Target	Call	Valuation
03/09/22	Phillip	APTV	0.134	0.15	Accumulate	EV/Ebitda9x FY21
03/09/22	DBS Vickers	ART	1.03	1.3	Buy
03/09/22	Lim & Tan	ART	1.03	1.17	Buy
03/09/22	DMG & Partners	Centurion	0.335	0.38	Buy
03/09/22	phillip	DBS	31.23	41.6	Accumulate
03/09/22	CIMB	Hong Leong Asia	0.78	1	Add	Sum of parts
03/09/22	DBS Vickers	Kimly	0.385	0.5	Buy
03/09/22	UOB Kay Hian	Netlink	0.97	1.05	Hold
03/09/22	phillip	OCBC	11.32	14.22	Buy
03/09/22	UOB Kay Hian	Singtel	2.51	2.9	Buy
03/09/22	UOB Kay Hian	Starhub	1.23	1.3	Hold
03/09/22	phillip	UOB	28.27	35.7	Accumulate

The US might be experiencing inflation as high as 10% in the coming months. Why? - Part 2

 

We had stated this a few hours earlier than Bloomberg's publication.  Hahaha!

http://sg-stock.blogspot.com/2022/03/the-us-might-be-experiencing-inflation.html

Ukraine President, Zelenskyy, is going to fall soon. - Part 2

Zelenskyy has woken up from his daydream.  We had stated earlier that he would fall from his pedestal.

Let's take a look at his latest speech.

This war could have been avoided and innocent lives won't be lost if he had done this at the beginning.  He must take the fall for the losses of properties and lives!

We've been proven right again!

The US might be experiencing inflation as high as 10% in the coming months. Why?

If the current oil price spikes to US$200 because of the new Russian oil embargo imposed by the US and UK, it will push up freight and transportation costs which will affect many physical goods.

In the meantime, the recent Russian sanctions had also caused food prices to spike.  Moreover, the mandatory minimum wage hike to US$15/hour from US$7.50/hour which will take effect soon will increase the business costs further.

Last but not least, property rentals are also expected to increase significantly for the new leases and renewals.

In conclusion, the US will be facing significant inflation headwinds in the coming months.

China has set a GDP growth of 5.5% for 2022.

How realistic is China's GDP growth target?

China has set a GDP growth target of 5.5% which is within our expectation.  We had stated in February that China was targeting a GDP growth target of 5-5.5% for the next decade.

https://sg-stock.blogspot.com/2022/01/analyses-of-us-main-street-economic_20.html

China has to maintain a GDP growth of about 5% to achieve a full employment rate for its annual 9-10m university graduates.  Therefore, China is setting a very realistic target of 5.5% for 2022.

Daiwa House - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/22	DBS Vickers	Daiwa House	0.815	0.95	Buy	DCF

Dasin Retail - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/21	phillip	Dasin Retail	0.775	0.91	Accumulate
02/22/21	phillip	Dasin Retail	0.73	0.91	Accumulate
03/03/21	DBS Vickers	Dasin Retail	0.725	0.74	Hold
07/26/21	phillip	Dasin Retail	0.52	0.78	Accumulate	DDM
08/25/21	phillip	Dasin Retail	0.46	0.82	Accumulate