Baltic dry index - 1821

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 621

Related stock: Seatrium & Cosco.

The monthly US core PCE was still relatively high.

The monthly US core PCE was at 0.3% in February 2024 which was still relatively high.  Thus, the US Fed was right not to cut its rate in March 2024.

US GDP Q4 2023 Update. - Part 2

https://sg-stock.blogspot.com/2024/02/us-gdp-q4-2023-update.html

The US Q4 2023 had been revised from 3.2% to 3.4%.

Let's take a look at what had changed.

1st previous Q4 2023:

Q4GDP Growth (3.3) = 0.56 (G)+0.38 (I)+1.91 (C)+0.43 (NE) = 3.28(3.3)

2nd previous Q4 2023:

Q4GDP Growth (3.2) = 0.73 (G)+0.17 (I)+2 (C)+0.32 (NE) = 3.22(3.2)

Current Q4 2023:

Q4GDP Growth (3.4) = 0.79 (G)+0.15 (I)+2.2 (C)+0.25 (NE) = 3.39(3.4)

We can see that the latest Q4 2023 GDP has the following changes:

1. Government spending had increased.

2. Investment had decreased.

3. Consumption had increased.

4. Net export had decreased.

SIIC - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/20/23	Lim & Tan	SIIC	0.192	0.36	Buy	DDM

SIA Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/23	UOB Kay Hian	SIA Engineering	2.4	2.6	Buy
01/06/23	UOB Kay Hian	SIA Engineering	2.4	2.7	Buy
02/20/23	UOB Kay Hian	SIA Engineering	2.43	2.67	Buy	DCF
02/20/23	DBS Vickers	SIA Engineering	2.43	2.8	Buy
02/21/23	Lim & Tan	SIA Engineering	2.28	2.64	Hold
03/15/23	OCBC	SIA Engineering	2.22	2.74	Buy
03/30/23	DBS Vickers	SIA Engineering	2.24	2.8	Buy
04/12/23	CIMB	SIA Engineering	2.28	2.42	Hold
05/09/23	DBS Vickers	SIA Engineering	2.22	2.8	Buy	Sum of parts
05/09/23	Lim & Tan	SIA Engineering	2.22	2.63	Hold
05/10/23	UOB Kay Hian	SIA Engineering	2.29	2.67	Buy	DCF
05/12/23	OCBC	SIA Engineering	2.33	2.78	Buy
05/31/23	Lim & Tan	SIA Engineering	2.42	2.63	Buy
06/21/23	Lim & Tan	SIA Engineering	2.45	2.63	Buy
07/10/23	UOB Kay Hian	SIA Engineering	2.45	2.67	Buy	DCF
07/12/23	Lim & Tan	SIA Engineering	2.48	2.63	Buy
07/26/23	DBS Vickers	SIA Engineering	2.45	2.8	Buy
07/27/23	CIMB	SIA Engineering	2.45	2.46	Hold
09/15/23	CIMB	SIA Engineering	2.38	2.46	Hold
09/28/23	Lim & Tan	SIA Engineering	2.34	2.57	Accumulate
11/03/23	DBS Vickers	SIA Engineering	2.29	2.8	Buy
11/06/23	CIMB	SIA Engineering	2.37	2.51	Hold	PER22x CY24
11/07/23	UOB Kay Hian	SIA Engineering	2.37	2.67	Buy	DCF
12/11/23	UOB Kay Hian	SIA Engineering	2.34	2.73	Buy
12/21/23	Lim & Tan	SIA Engineering	2.32	2.68	Accumulate
02/13/24	CIMB	SIA Engineering	2.28	2.7	Add
02/16/24	UOB Kay Hian	SIA Engineering	2.32	2.73	Buy
02/16/24	DBS Vickers	SIA Engineering	2.32	2.8	Buy
02/16/24	Lim & Tan	SIA Engineering	2.32	2.74	Accumulate
02/19/24	OCBC	SIA Engineering	2.35	2.69	Buy
02/21/24	CGS	SIA Engineering	2.33	2.7	Add