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Tuesday, June 6, 2023

Venture - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

01/04/22

DMG & Partners

Venture

18.45

20.9

Buy


01/17/22

DBS Vickers

Venture

18.14

22.6

Buy


01/19/22

CIMB

Venture

18.14

23.32

Add


02/04/22

Kim Eng

Venture

17.73

19.18

Hold


02/11/22

UOB Kay Hian

Venture

18.54

22.04

Buy

PER19.5x FY22

02/28/22

CIMB

Venture

17.68

23.32

Add

PER17.3x FY22

02/28/22

DBS Vickers

Venture

17.68

22.6

Buy

PER19x

02/28/22

DMG & Partners

Venture

17.68

22.8

Buy

PER19x FY22

02/28/22

Kim Eng

Venture

17.68

21

Buy


02/28/22

Lim & Tan

Venture

17.68

0

Accumulate on weakness


02/28/22

Phillip

Venture

17.68

20

Accumulate

PER16x FY22

02/28/22

UOB Kay Hian

Venture

17.68

22.8

Buy

PER19.5x FY22

03/08/22

OCBC

Venture

16.58

19.66

Buy


03/14/22

DBS Vickers

Venture

16.63

22.6

Buy


03/17/22

DMG & Partners

Venture

16.79

22.75

Buy


03/28/22

UOB Kay Hian

Venture

17.64

22.8

Buy

PER19.5x FY22

03/31/22

DMG & Partners

Venture

17.81

22.8

Buy

PER19x FY22

04/07/22

Lim & Tan

Venture

17.56

21.5

Accumulate


04/07/22

UOB Kay Hian

Venture

17.56

22.8

Buy

PER19.5x FY22

05/03/22

CIMB

Venture

17.15

23.32

Add


05/03/22

Kim Eng

Venture

17.15

21

Buy


05/04/22

Phillip

Venture

18.15

20

Buy

PER16x FY22

05/04/22

DBS Vickers

Venture

18.15

22.7

Buy

PER19x FY22

05/05/22

DMG & Partners

Venture

18.25

22.8

Buy

PER19x FY22

05/11/22

Phillip

Venture

17.2

22

Buy


06/01/22

DMG & Partners

Venture

17.92

22.75

Buy


06/30/22

Kim Eng

Venture

16.78

21

Buy


07/01/22

UOB Kay Hian

Venture

16.64

22.8

Buy

PER19.5x FY22

07/22/22

DMG & Partners

Venture

17.09

22.75

Buy


07/26/22

DBS Vickers

Venture

17.47

22.7

Buy


08/08/22

UOB Kay Hian

Venture

17.73

23.54

Buy

PER19.5x FY22

08/08/22

Phillip

Venture

17.73

20.8

Buy

PER16x FY22

08/08/22

DBS Vickers

Venture

17.73

23.2

Buy

PER19x

08/08/22

Kim Eng

Venture

17.73

22.9

Buy


08/08/22

DMG & Partners

Venture

17.73

23.3

Buy

PER19x FY22

08/08/22

CIMB

Venture

17.73

23.32

Add

PER17.3x FY23

08/08/22

Lim & Tan

Venture

17.73

0

Accumulate


09/06/22

OCBC

Venture

17.7

20.27

Buy


10/10/22

Kim Eng

Venture

17

19.55

Buy


10/17/22

UOB Kay Hian

Venture

16.12

19.32

Buy

PER16x FY23

10/18/22

CIMB

Venture

15.86

19.62

Add

PER15.2x FY23

10/18/22

DBS Vickers

Venture

15.86

20.1

Buy


11/01/22

Lim & Tan

Venture

15.93

0

Accumulate


11/02/22

Kim Eng

Venture

16.2

19.55

Buy


11/07/22

UOB Kay Hian

Venture

16.13

20.06

Buy

PER16x FY23

11/07/22

Phillip

Venture

16.13

20.8

Buy

PER16x FY22

11/07/22

DBS Vickers

Venture

16.13

20.1

Buy


11/07/22

Kim Eng

Venture

16.13

20.2

Buy


11/07/22

CIMB

Venture

16.13

19.62

Add


12/15/22

Kim Eng

Venture

17.21

20.2

Buy


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

Stock calls for 5 June 2023

Date

Analyst

Company

Last

Target

Call

Valuation

06/05/23

DBS Vickers

Frasers Logistics

1.28

1.55

Buy


06/05/23

SAC Capital

Jumbo

0.285

0.43

Buy

PER15.4x & EV/Ebitda3.6x FY23

06/05/23

DBS Vickers

Keppel DC Reit

2.1

2.35

Buy


06/05/23

Kim Eng

Propnex

1.02

1.2

Buy


06/05/23

phillip

Sasseur

0.74

0.9

Buy

DDM

Monday, June 5, 2023

Important economic statistics for 1st week of June.

The job gap has been relatively stable at around 4m which shows the huge mismatch in job demand and supply.

The US personal spending had picked up recently but it was unsustainable because the latest ISM PMI had declined due to weak local consumer demand.

Let's calculate 2 unknown sub-indices (Estimated new local orders & local raw materials).
* Estimated new local orders=New orders % change (-3.1) - New export order % change (+0.2) = -3.3%
* Estimated local raw materials=Inventories % change (-0.5) - Imports % change (-2.6) = +1.9%

As we can see from the decrease in the estimated new local orders (local consumer demand), we can deduce that the increase in the US personal spending is unsustainable.  The ISM PMI has been contracting (below 50) for 7 months already and a recession is bound to happen in the US.

Baltic dry index - 919

 
Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 696

Related stock: Sembcorp Marine & Cosco.

Friday, June 2, 2023

Valuetronics - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

02/04/22

Kim Eng

Valuetronics

0.53

0.5

Sell


03/17/22

DMG & Partners

Valuetronics

0.51

0.51

Sell


05/27/22

DBS Vickers

Valuetronics

0.52

0.51

Hold

PER11x FY22

05/27/22

Lim & Tan

Valuetronics

0.52

0.52

Neutral


06/07/22

UOB Kay Hian

Valuetronics

0.525

0.52

Hold

PER11x FY23

06/07/22

DMG & Partners

Valuetronics

0.53

0.53

Neutral

DCF

07/22/22

DMG & Partners

Valuetronics

0.54

0.53

Neutral


11/18/22

UOB Kay Hian

Valuetronics

0.52

0.52

Hold

PER11x FY23

05/31/23

Lim & Tan

Valuetronics

0.54

0

Hold