Stock calls for 26 September 2022

Date	Analyst	Company	Last	Target	Call	Valuation
09/26/22	UOB Kay Hian	ART	1.09	1.36	Buy	DDM
09/26/22	Lim & Tan	MM2 Asia	0.048	0.09	Buy

What's the market sentiment for September 2022?

Let's take a look at the September dot plot first.

It is without a doubt that the Fed rates will be above 4% by the end of 2022 and 2023.

The Global Fund Manager Survey (FMS) in September is showing an underweight rating (negative) in equities.

The FMS is also indicating a high probability of a recession now.

Baltic dry index - 1816

 
Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 764

Related stock: Sembcorp Marine & Cosco.

First Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/24/22	SAC Capital	First Reit	0.305	0.32	Hold	DDM
09/22/22	Lim & Tan	First Reit	0.275	0.32	Buy

Far East Orchard - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/26/21	DBS Vickers	Far East Orchard	1.11	1.7	Buy	Sum of parts
08/05/21	DBS Vickers	Far East Orchard	1.13	1.7	Buy	Sum of parts
11/10/21	DBS Vickers	Far East Orchard	1.12	1.7	Buy	Sum of parts
06/15/22	DBS Vickers	Far East Orchard	1.09	1.7	Buy

Far East Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/07/21	UOB Kay Hian	Far East Hospitality	0.6	0.71	Buy
07/07/21	CIMB	Far East Hospitality	0.59	0.745	Add
08/02/21	CIMB	Far East Hospitality	0.58	0.745	Add	DDM
08/02/21	Kim Eng	Far East Hospitality	0.58	0.7	Buy	DDM
08/03/21	OCBC	Far East Hospitality	0.595	0.64	Buy
08/16/21	UOB Kay Hian	Far East Hospitality	0.585	0.71	Buy
09/08/21	CIMB	Far East Hospitality	0.615	0.745	Add	DDM
10/04/21	UOB Kay Hian	Far East Hospitality	0.6	0.71	Buy
11/01/21	UOB Kay Hian	Far East Hospitality	0.645	0.71	Buy	DDM
12/03/21	CIMB	Far East Hospitality	0.575	0.745	Add	DDM
12/03/21	DBS Vickers	Far East Hospitality	0.575	0.78	Buy
12/03/21	Lim & Tan	Far East Hospitality	0.575	0.69	Accumulate
01/06/22	UOB Kay Hian	Far East Hospitality	0.6	0.74	Buy	DDM
01/07/22	CIMB	Far East Hospitality	0.595	0.745	Add
01/07/22	Citi Research	Far East Hospitality	0.595	0.7	Buy
02/16/22	DBS Vickers	Far East Hospitality	0.585	0.78	Buy
02/16/22	Kim Eng	Far East Hospitality	0.585	0.7	Buy	DDM
02/18/22	CIMB	Far East Hospitality	0.605	0.746	Add
02/22/22	UOB Kay Hian	Far East Hospitality	0.6	0.76	Buy	DDM
03/08/22	DBS Vickers	Far East Hospitality	0.58	0.78	Buy
04/28/22	Lim & Tan	Far East Hospitality	0.68	0.78	Buy
04/29/22	CIMB	Far East Hospitality	0.68	0.78	Add
04/29/22	Citi Research	Far East Hospitality	0.68	0.7	Buy
04/29/22	DBS Vickers	Far East Hospitality	0.68	0.78	Buy
04/29/22	Kim Eng	Far East Hospitality	0.68	0.8	Buy
04/29/22	UOB Kay Hian	Far East Hospitality	0.68	0.82	Buy	DDM
06/01/22	UOB Kay Hian	Far East Hospitality	0.65	0.82	Buy
06/03/22	UOB Kay Hian	Far East Hospitality	0.65	0.78	Buy
07/01/22	UOB Kay Hian	Far East Hospitality	0.64	0.77	Buy
07/29/22	Lim & Tan	Far East Hospitality	0.65	0.73	Buy
08/01/22	Kim Eng	Far East Hospitality	0.64	0.8	Buy	DDM
08/02/22	UOB Kay Hian	Far East Hospitality	0.64	0.83	Buy
08/05/22	DBS Vickers	Far East Hospitality	0.64	0.78	Buy