Wing Tai - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/21	Lim & Tan	Wing Tai	1.83	2	Accumulate

Stock calls for 23 May 2022

Date	Analyst	Company	Last	Target	Call	Valuation
05/23/22	UOB Kay Hian	Centurion	0.355	0.43	Buy	PER6.2x FY22
05/23/22	DBS Vickers	Civmec	0.645	0.88	Buy	PER9x
05/23/22	DMG & Partners	Frencken	1.18	1.24	Neutral	PER10x FY22
05/23/22	CIMB	Netlink	0.995	1.1	Add
05/23/22	phillip	Prime US Reit	0.72	1	Buy	DDM
05/23/22	phillip	Q&M	0.5	0.71	Buy	PER25x FY22
05/23/22	CIMB	Singtel	2.69	3.3	Add	Sum of parts
05/23/22	DMG & Partners	ST Engineering	4.09	4.8	Buy
05/23/22	Lim & Tan	TTJ	0.169	0.23	Reject offer	Offer $0.23
05/23/22	CIMB	UG Healthcare	0.22	0.42	Add

Will the US be heading for a soft or hard landing? - Part 7

There are more financial experts and firms standing on our side after our first post on this topic.  Let's take a look now.

Furthermore, the short interest in S&P has risen while the bearish bond bets have shrunk.  In other words, the investors are hedging their risks because they believe that the stocks will fall further while bonds will rise due to assets reallocation.

Analyses of US main street economic indicators. - Part 7

Let's recap our posting in early January 2022.  Please take a look at an impressive graph that we created in January 2022.

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

The Philadephia manufacturing index had declined (2.6) like the New York manufacturing index (-11.8). 

http://sg-stock.blogspot.com/2022/03/new-york-manufacturing-had-plunged.html

The declines in the New York and Philadephia manufacturing indexes showed that the next PMI won't look good as these 2 indexes were precursory signals for the upcoming PMI.  This phenomenon shows that our projected trajectory is correct for the US.  As for China, China's PMI will start to rebound after it has implemented more monetary easing policies (see below) and structural policies (new infrastructure projects).

Baltic dry index - 3344

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 728

 
Related stock: Sembcorp Marine & Cosco.

Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/02/21	DBS Vickers	Wilmar	4.84	6.67	Buy
06/11/21	DMG & Partners	Wilmar	4.79	6.45	Buy
06/11/21	Kim Eng	Wilmar	4.79	6.21	Buy
07/22/21	UOB Kay Hian	Wilmar	4.46	6.4	Buy	PER26x FY21
07/30/21	DMG & Partners	Wilmar	4.38	5.75	Buy
08/03/21	DBS Vickers	Wilmar	4.3	6.67	Buy	Sum of parts, PER21x FY21
08/05/21	CIMB	Wilmar	4.52	6.15	Add	Sum of parts
08/05/21	DMG & Partners	Wilmar	4.52	5.75	Buy
08/12/21	UOB Kay Hian	Wilmar	4.49	6.4	Buy	Sum of parts
08/17/21	DMG & Partners	Wilmar	4.39	5.45	Buy
08/17/21	Kim Eng	Wilmar	4.39	6.03	Buy
09/07/21	UOB Kay Hian	Wilmar	4.2	6.4	Buy	PER26x FY21
09/27/21	Kim Eng	Wilmar	4.08	6.03	Buy
09/29/21	CIMB	Wilmar	4.18	6.15	Add	Sum of parts
09/29/21	Citi Research	Wilmar	4.18	5.71	Buy	PER16.9x
10/04/21	CIMB	Wilmar	4.12	6.15	Add
10/21/21	UOB Kay Hian	Wilmar	4.36	6.4	Buy	Sum of parts
11/01/21	CIMB	Wilmar	4.32	6.15	Add	Sum of parts
11/01/21	Citi Research	Wilmar	4.32	5.82	Buy
11/01/21	UOB Kay Hian	Wilmar	4.32	6.4	Buy	Sum of parts
11/08/21	DMG & Partners	Wilmar	4.45	5.6	Buy
11/08/21	UOB Kay Hian	Wilmar	4.45	6	Buy
12/06/21	UOB Kay Hian	Wilmar	4.09	6	Buy
12/17/21	DMG & Partners	Wilmar	4.13	5.05	Buy
01/11/22	Citi Research	Wilmar	4.3	5.95	Buy
01/11/22	DMG & Partners	Wilmar	4.3	5.05	Buy
01/12/22	Kim Eng	Wilmar	4.27	5.8	Buy
01/19/22	UOB Kay Hian	Wilmar	4.24	6	Buy	Sum of parts
02/23/22	CIMB	Wilmar	4.62	5.69	Add	Sum of parts, PER15x FY22
02/23/22	Citi Research	Wilmar	4.62	6.08	Buy
02/23/22	DBS Vickers	Wilmar	4.62	6.67	Buy	Sum of parts
02/23/22	UOB Kay Hian	Wilmar	4.62	6	Buy	Sum of parts
02/24/22	UOB Kay Hian	Wilmar	4.56	5.5	Buy	Sum of parts
02/28/22	DMG & Partners	Wilmar	4.44	5.3	Buy
03/08/22	Kim Eng	Wilmar	4.7	6.56	Buy	DCF
03/11/22	UOB Kay Hian	Wilmar	4.61	5.5	Buy	Sum of parts
04/01/22	UOB Kay Hian	Wilmar	4.71	5.5	Buy	Sum of parts
04/12/22	DBS Vickers	Wilmar	4.62	6.67	Buy
04/12/22	DMG & Partners	Wilmar	4.62	5.3	Buy
05/05/22	UOB Kay Hian	Wilmar	4.41	5.5	Buy	Sum of parts
05/05/22	DMG & Partners	Wilmar	4.41	5.1	Buy	Sum of parts
05/10/22	CIMB	Wilmar	4.29	5.69	Add	PER15x FY22
05/10/22	Citi Research	Wilmar	4.29	6.08	Buy
05/13/22	UOB Kay Hian	Wilmar	4.13	5.5	Buy