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Monday, December 5, 2022

Stock calls for 5 December 2022

Date

Analyst

Company

Last

Target

Call

Valuation

12/05/22

Phillip

BRC Asia

1.83

2.3

Buy

PER7x FY22

12/05/22

DMG & Partners

Frasers Centrepoint Trust

2.01

2.09

Neutral

DDM

12/05/22

DBS Vickers

Union Gas

0.46

0.48

Hold

PER24x FY23

12/05/22

CIMB

SATS

2.67

3.17

Add


12/05/22

phillip

SGX

9.13

11.71

Buy


12/05/22

Phillip

Thai Beverage

0.64

0.8

Buy

PER18x F23

Sunday, December 4, 2022

US ISM PMI is having a downtrend for 2022.

From this table, we could tell that the November PMI was being supported by new export orders but the overall new orders still declined.  This meant that the local consumer demand had deteriorated significantly due to the high inflation.  Many of the subcomponents of the PMI index had continued to worsen.  Thus, the ISM PMI will continue to fall unless there is a reversal in consumer spending which won't happen soon.

ISM PMI line chart 2022

Baltic dry index - 1324

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 784


Related stock: Sembcorp Marine & Cosco.

Saturday, December 3, 2022

This chart tells you why the world needs china more than the US.

The world bank had stated recently that China contributed 38.6% per se to world economic growth compared to 25.7% by G7.

The US only contributed 18.6% despite being the largest economy in the world? Why?

This is because the US has been adopting coercive economic policies which are detrimental to world growth.  The recent example was the US chips act which prevented western chips companies from dealing with China.

As the US continues to isolate itself, China will continue to boost worldwide economic growth and make more countries dependent on China.

Friday, December 2, 2022

Is co-exist policy or zero covid policy better? The truth is out! - Part 2.

Harvard economist had tabulated the total economic cost of long covid.  This is an underestimated calculation because there are about 100m cases now in the US.

https://sg-stock.blogspot.com/2022/10/is-co-exist-policy-or-zero-covid-policy.html

Recent economic updates.

 The September dot plot showed that the Fed would hike its rate by 50bp.


The MLIV survey showed that stagflation was the major concern in 2023 for investors.

Yangzijiang Financial - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

06/07/22

CIMB

Yangzijiang Financial

0.54

0.74

Add

PER9x & PB0.6x FY23

06/09/22

UOB Kay Hian

Yangzijiang Financial

0.525

0.91

Not Rated

PB0.84x

06/09/22

Lim & Tan

Yangzijiang Financial

0.525

0.74

Buy


07/13/22

Lim & Tan

Yangzijiang Financial

0.42

0.74

Buy


08/15/22

CIMB

Yangzijiang Financial

0.39

0.74

Add


11/23/22

Lim & Tan

Yangzijiang Financial

0.34

0.74

Buy


Yangzijiang - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

06/07/21

UOB Kay Hian

Yangzijiang

1.47

1.76

Buy


06/15/21

DBS Vickers

Yangzijiang

1.4

1.8

Buy


06/25/21

CIMB

Yangzijiang

1.39

1.63

Add

PB1x

07/01/21

UOB Kay Hian

Yangzijiang

1.41

1.9

Buy

PER9.3x, PB1x FY22

07/22/21

Citi Research

Yangzijiang

1.36

1.8

Buy


07/22/21

Lim & Tan

Yangzijiang

1.36

1.64

Accumulate


08/02/21

CIMB

Yangzijiang

1.37

1.91

Add

Sum of parts

08/02/21

DBS Vickers

Yangzijiang

1.37

1.8

Buy

Sum of parts, PER10x FY21

08/10/21

UOB Kay Hian

Yangzijiang

1.5

2

Buy


08/12/21

DBS Vickers

Yangzijiang

1.49

1.95

Buy

Sum of parts

08/12/21

OCBC

Yangzijiang

1.49

1.63

Hold


09/03/21

DBS Vickers

Yangzijiang

1.66

1.95

Buy


09/06/21

CIMB

Yangzijiang

1.62

1.91

Add

Sum of parts

09/20/21

UOB Kay Hian

Yangzijiang

1.48

2

Buy

PER

10/01/21

DBS Vickers

Yangzijiang

1.38

1.95

Buy


11/02/21

CIMB

Yangzijiang

1.4

1.91

Add

Sum of parts

11/02/21

DBS Vickers

Yangzijiang

1.4

1.95

Buy


11/30/21

UOB Kay Hian

Yangzijiang

1.3

2

Buy


12/02/21

Citi Research

Yangzijiang

1.29

1.8

Buy

Sum of parts

12/08/21

DBS Vickers

Yangzijiang

1.32

1.95

Buy


12/10/21

CIMB

Yangzijiang

1.31

1.91

Add


01/26/22

Citi Research

Yangzijiang

1.26

1.98

Buy


01/26/22

DBS Vickers

Yangzijiang

1.26

1.95

Buy


01/26/22

UOB Kay Hian

Yangzijiang

1.26

2

Buy


02/28/22

DBS Vickers

Yangzijiang

1.4

1.95

Buy


03/01/22

DBS Vickers

Yangzijiang

1.38

2.15

Buy

Sum of parts

03/01/22

UOB Kay Hian

Yangzijiang

1.38

1.95

Buy

PER9.3x FY22

03/28/22

Citi Research

Yangzijiang

1.46

1.98

Buy


03/28/22

Lim & Tan

Yangzijiang

1.46

1.73

Buy


04/01/22

DBS Vickers

Yangzijiang

1.53

2.15

Buy

Sum of parts

04/04/22

Lim & Tan

Yangzijiang

1.54

1.75

Buy


04/05/22

CIMB

Yangzijiang

1.56

2.41

Add

Sum of parts

04/06/22

UOB Kay Hian

Yangzijiang

1.58

1.95

Buy

PER9.3x FY22

04/22/22

OCBC

Yangzijiang

1.54

0.95

Buy

Ex-Entitlement

05/20/22

CIMB

Yangzijiang

0.89

1.63

Add


06/29/22

UOB Kay Hian

Yangzijiang

0.945

1.16

Buy

Sum of parts

07/07/22

CIMB

Yangzijiang

0.93

1.63

Add


08/05/22

DBS Vickers

Yangzijiang

0.92

1.38

Buy

PB1.5x, PER12x FY22

08/08/22

Lim & Tan

Yangzijiang

0.925

1.3

Accumulate


08/10/22

UOB Kay Hian

Yangzijiang

0.935

1.16

Buy

Sum of parts

08/10/22

DBS Vickers

Yangzijiang

0.935

1.4

Buy


09/09/22

DBS Vickers

Yangzijiang

0.9

1.4

Buy


09/09/22

CIMB

Yangzijiang

0.9

1.63

Add


10/06/22

UOB Kay Hian

Yangzijiang

1.04

1.44

Buy

PER9x FY22/23

10/07/22

Lim & Tan

Yangzijiang

1.1

0

Buy


10/27/22

CIMB

Yangzijiang

1.22

1.63

Add


11/14/22

UOB Kay Hian

Yangzijiang

1.38

1.44

Buy


11/14/22

DBS Vickers

Yangzijiang

1.38

1.4

Buy


11/15/22

UOB Kay Hian

Yangzijiang

1.39

1.55

Hold

PER9x FY23

11/15/22

DBS Vickers

Yangzijiang

1.39

1.7

Buy

PB1.7x FY23, PER11x FY23

12/02/22

CIMB

Yangzijiang

1.4

1.63

Add