Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/23	DMG & Partners	Raffles Medical	1.4	1.65	Buy
01/16/23	UOB Kay Hian	Raffles Medical	1.37	1.58	Buy	PER24.2x FY23
01/31/23	Kim Eng	Raffles Medical	1.46	1.6	Buy	DCF
02/03/23	DMG & Partners	Raffles Medical	1.5	1.65	Buy	DCF
02/10/23	Kim Eng	Raffles Medical	1.5	1.44	Buy
02/27/23	DBS Vickers	Raffles Medical	1.47	1.64	Buy
02/28/23	UOB Kay Hian	Raffles Medical	1.5	1.85	Buy	PER26.5x FY23
02/28/23	DBS Vickers	Raffles Medical	1.5	1.48	Hold
03/01/23	Kim Eng	Raffles Medical	1.39	1.65	Buy	DCF
03/01/23	OCBC	Raffles Medical	1.39	1.6	Hold
03/06/23	phillip	Raffles Medical	1.39	1.76	Buy	DCF
03/24/23	DBS Vickers	Raffles Medical	1.42	1.48	Hold
03/24/23	DMG & Partners	Raffles Medical	1.42	1.7	Buy	DCF
03/28/23	UOB Kay Hian	Raffles Medical	1.43	1.9	Buy	PER26x FY23
04/25/23	DMG & Partners	Raffles Medical	1.46	1.7	Buy	Sum of parts
05/10/23	DMG & Partners	Raffles Medical	1.46	1.75	Buy	DCF
06/08/23	UOB Kay Hian	Raffles Medical	1.32	1.9	Buy	PER26x FY23
06/08/23	DMG & Partners	Raffles Medical	1.32	1.75	Buy	DCF
07/03/23	CIMB	Raffles Medical	1.36	1.75	Add	EV/Ebitda24x FY24
07/20/23	DMG & Partners	Raffles Medical	1.32	1.75	Buy
07/28/23	UOB Kay Hian	Raffles Medical	1.34	1.9	Buy	PER26x FY23
07/31/23	DBS Vickers	Raffles Medical	1.34	1.48	Hold
08/01/23	UOB Kay Hian	Raffles Medical	1.4	1.7	Buy	PER29x FY23
08/01/23	DMG & Partners	Raffles Medical	1.4	1.75	Buy	DCF
08/02/23	phillip	Raffles Medical	1.32	1.76	Buy	DCF
08/02/23	CIMB	Raffles Medical	1.32	1.77	Add
08/02/23	Kim Eng	Raffles Medical	1.32	1.65	Buy
09/08/23	UOB Kay Hian	Raffles Medical	1.25	1.7	Buy	PER29x FY23
10/02/23	DMG & Partners	Raffles Medical	1.25	1.75	Buy	DCF
10/03/23	DBS Vickers	Raffles Medical	1.26	1.48	Hold
10/03/23	Lim & Tan	Raffles Medical	1.26	1.71	Buy
10/04/23	Kim Eng	Raffles Medical	1.23	1.65	Buy	DCF
10/23/23	UOB Kay Hian	Raffles Medical	1.18	1.47	Buy	PER29x FY24
11/06/23	DBS Vickers	Raffles Medical	1.2	1.48	Hold
11/07/23	DBS Vickers	Raffles Medical	1.07	1	Hold	Sum of parts, PER25x
11/07/23	UOB Kay Hian	Raffles Medical	1.07	1.15	Hold	PER29x FY24
11/08/23	phillip	Raffles Medical	1.02	1.02	Neutral	DCF
11/08/23	Kim Eng	Raffles Medical	1.02	1.3	Hold
11/08/23	CIMB	Raffles Medical	1.02	1.2	Add	PER29.2x FY24
01/05/24	CIMB	Raffles Medical	1.07	1.2	Add
02/26/24	DBS Vickers	Raffles Medical	1.05	1	Hold
02/26/24	Lim & Tan	Raffles Medical	1.05	1.1	Hold
02/27/24	UOB Kay Hian	Raffles Medical	1.01	1.15	Hold
02/27/24	DMG & Partners	Raffles Medical	1.01	1.06	Neutral	Sum of parts
02/28/24	phillip	Raffles Medical	1.02	0.96	Neutral	DCF

Stock calls for 22 March 2024

Date	Analyst	Company	Last	Target	Call	Valuation
03/22/24	Lim & Tan	China Aviation Oil	0.895	1.24	Buy	PER11x FY24
03/22/24	UOB Kay Hian	Marco Polo	0.062	0.086	Buy	PER11x FY24
03/22/24	Lim & Tan	Marco Polo	0.062	0.077	Accumulate

The US Fed has maintained its status quo again in March 2024. What has changed?

The latest dot plot chart showed that FED would reduce its rate to 4.6% by the end of 2024 which signified 3 rate cuts.

However, the Core PCE inflation projection for 2024 would rise to 2.6% from 2.4% (December projection).