Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/23	UOB Kay Hian	Venture	17.07	20.06	Buy	PER16x FY23
01/09/23	CIMB	Venture	16.97	20.1	Add	PER15.2x FY23
02/02/23	Kim Eng	Venture	18.5	20.2	Buy
02/27/23	UOB Kay Hian	Venture	18.17	20.2	Buy	PER15.5x FY23
02/27/23	Phillip	Venture	18.17	19.7	Accumulate	PER16x FY23
02/27/23	DBS Vickers	Venture	18.17	20.1	Buy	PER15x FY23/24
02/27/23	DMG & Partners	Venture	18.17	22	Buy	PER16x FY22
02/27/23	Lim & Tan	Venture	18.17	0	Accumulate
03/07/23	CIMB	Venture	17.09	20.1	Add	PER15.2x FY23
03/07/23	Kim Eng	Venture	17.09	20.2	Buy	PER16.2x FY23
03/27/23	Lim & Tan	Venture	17.45	0	Accumulate
04/03/23	CIMB	Venture	17.67	20.1	Add
04/06/23	Lim & Tan	Venture	18	20.11	Buy
04/26/23	Kim Eng	Venture	17.37	17.32	Hold	PER15x FY23
05/08/23	UOB Kay Hian	Venture	17.06	16.99	Hold	PER15.5x FY23
05/08/23	Phillip	Venture	17.06	17.1	Neutral	PER16x FY23
05/08/23	DBS Vickers	Venture	17.06	18.1	Hold	PER15x FY23/24
05/08/23	DMG & Partners	Venture	17.06	19.36	Buy	PER16x FY23
05/08/23	CIMB	Venture	17.06	18.11	Add
05/08/23	Lim & Tan	Venture	17.06	0	Accumulate on weakness
05/08/23	Kim Eng	Venture	17.06	16.5	Hold	PER15x FY23
05/08/23	Citi Research	Venture	17.06	20.3	Buy
06/15/23	Citi Research	Venture	17.19	19	Buy
07/24/23	DMG & Partners	Venture	14.6	18.26	Buy	PER16x FY23
07/26/23	Kim Eng	Venture	14.54	15.4	Hold
08/07/23	UOB Kay Hian	Venture	14.38	14.6	Hold	PER14.6x FY24
08/07/23	Phillip	Venture	14.38	15.2	Neutral	PER15x FY23
08/07/23	Lim & Tan	Venture	14.38	0	Accumulate on weakness
08/07/23	CIMB	Venture	14.38	16.8	Add	PER15.2x FY25
08/07/23	Citi Research	Venture	14.38	17.6	Buy
08/07/23	Kim Eng	Venture	14.38	14.3	Hold
08/08/23	DBS Vickers	Venture	13.89	15.4	Buy	PER13.5x FY24
08/08/23	DMG & Partners	Venture	13.89	14.4	Neutral	PER14x FY23/24
09/05/23	UOB Kay Hian	Venture	12.98	14.6	Hold
09/12/23	DBS Vickers	Venture	12.64	15.4	Buy	PER13.5x FY24
10/11/23	CIMB	Venture	12.27	16.61	Add	PER14.6x FY25
10/26/23	DBS Vickers	Venture	11.56	15.4	Buy	PER13.5x FY24
11/06/23	DBS Vickers	Venture	12.19	15.1	Buy	PER14x FY24
11/06/23	UOB Kay Hian	Venture	12.19	14.06	Buy	PER14.6x FY24
11/06/23	Phillip	Venture	12.19	12.5	Neutral	PER13x FY24
11/06/23	Kim Eng	Venture	12.19	14	Buy	PER14.5x FY23
11/06/23	CIMB	Venture	12.19	16.61	Add	PER14.6x FY25
11/06/23	Citi Research	Venture	12.19	16.3	Buy
11/16/23	Lim & Tan	Venture	12.88	0	Accumulate
11/22/23	Kim Eng	Venture	12.89	15.4	Buy	PER15x FY23
12/01/23	DBS Vickers	Venture	12.51	15.1	Buy
12/05/23	Lim & Tan	Venture	13.11	0	Accumulate
12/05/23	UOB Kay Hian	Venture	13.11	14.06	Buy	PER14.6x FY24
12/12/23	CIMB	Venture	13.1	16.61	Add
01/18/24	DBS Vickers	Venture	13.55	15.1	Buy
01/25/24	CIMB	Venture	13.88	15.9	Add	PER14.6x FY25

Vertex Tech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/20/23	phillip	Vertex Tech	4.95	0	Fully Redeemed

Stock calls for 26 January 2024

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/24	Citi Research	Genting	0.975	1.2	Buy
01/26/24	Amfrasers	Geo Energy	0.335	0.8	outperform	DCF
01/26/24	DMG & Partners	HRnetGroup	0.715	0.91	Buy
01/26/24	Lim & Tan	Keppel DC Reit	1.8	2.11	Accumulate
01/26/24	DBS Vickers	Mapletree Industrial	2.44	2.6	Buy
01/26/24	UOB Kay Hian	Riverstone	0.67	0.82	Buy	PER17.3x FY24
01/26/24	DBS Vickers	Singtel	2.4	3.39	Buy

US GDP grew 3.3% in Q4 2023 and 2.5% for the year 2023.

Let's break up the GDP Q4 2023 for a simple analysis.

Q4GDP Growth = G + I + C + Net Exports (NE)

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

Q3GDP Growth (4.9) = 0.79 (G)+1.47 (I)+2.69 (C)+-0.08 (NE) = 4.87(4.9)

We can see that consumption (C) is the major contributor to the US GDP growth in Q4 2023.  However, 3 of Q4 GDP components had performed worse than Q3 GDP growth except for net exports.

The 2023 full year GDP growth: 2.5%

As stated in our post below, the US GDP growth won't exceed 2.5% in 2023.

https://sg-stock.blogspot.com/2023/09/3-important-economic-statistics-for.html