The price target is in SGD. A recovery story. A pan-asian conglomerate. Thailand is a very strong economy. Manufacturing exports is growing in the country. Fundamentals are growing. Emerging market respondent. $20B CAD company. Good growth drivers. Has traded 50% higher in the past. Will do well with the reopening. (Analysts’ price target is $0.89)
Inflation. Central banks have not done anything positive to help with increasing housing prices. There are big concerns or no concerns depending where you stand. Those who believe the central banks will manage the excess liquidity and so are not concerned. Seeing central banks in NA taking steps to remove liquidity. We will see interest rates go up in the medium term. Those who are concerned believe the central banks are making policy errors and the record level of debt will be problematic. Inflation will not come this year.
Global best of breed. Great company but thinks the valuation is too high at these levels. Supply chain disruptions and natural disasters have elevated prices for semi conductors. If you own it, sell it or trim it. Because of the supply disruptions, there could be significant correction in the semi space.
The ESG movement is affecting stocks like RDS. Was pulled into the courts by activists. Many large companies have on going lawsuits and are shared in quarterly reports. It's not too big of an issue. They are transitioning into a renewable company with Hydrogen and wind farms. Big oil will be a natural beneficiaries of renewables. The dividend is sustainable and growth outlook is good. Oil is also a recovery trade.
Must look at it holistically. With proliferation of fibre and densification of optical equipment was a tailwind though this has slowed down. Another aspect is the sanctions that are allowing Cisco to compete when otherwise it would not have been. We have seen big moves from legacy tech due to the broadening of the market. Could see some more upsides, but would look at more mature tech.
In general for the Canadian banks have done pretty well over the last years. For banks, lower interest rates make it hard for banks to make higher profits. Fees are higher and higher. Financial space could be challenging. Normalization will be good for financials. Banks are now fairly or over valued now. They will grow their earnings.
Attractive dividend with a good growth profile. Good ESG candidate so funds should flow into this. In the last little while, we have seen some decline in the sector. An attractive entry price. There is 1400 additional mega watts of energy coming online. A good rewarder of share holders. (Analysts’ price target is $21.01)