Stock calls for 4 August 2023

Date	Analyst	Company	Last	Target	Call	Valuation
08/04/23	CIMB	ART	1.03	1.32	Add
08/04/23	DBS Vickers	Daiwa House	0.61	0.8	Buy
08/04/23	UOB Kay Hian	DBS	33.76	44.35	Buy	GGM, PB1.81x FY23
08/04/23	phillip	DBS	33.76	41.6	Buy	GGM, PB1.9x FY23
08/04/23	DMG & Partners	DBS	33.76	36.3	Neutral	GGM, PB1.47x
08/04/23	DBS Vickers	OCBC	13.04	13	Hold
08/04/23	Lim & Tan	OCBC	13.04	14	Accumulate
08/04/23	DBS Vickers	Sembcorp Industries	5.6	6.5	Buy
08/04/23	Lim & Tan	Sembcorp Industries	5.6	6.2	Accumulate
08/04/23	DBS Vickers	Starhill	0.495	0.7	Buy
08/04/23	DBS Vickers	Starhub	1.05	1.05	Hold
08/04/23	UOB Kay Hian	Starhub	1.05	1.37	Buy	DCF
08/04/23	DMG & Partners	Starhub	1.05	1.15	Neutral	DCF
08/04/23	CIMB	Starhub	1.05	1.15	Hold

Is the US stock market overvalued? - Part 4

It's been a long time since we last looked at the overvalued indexes.  Let's take our first look in 2023.

Warren Buffett Index: 172.6

An index that is above 120 is an overvaluation and an index that is below 80 is an undervaluation.  Therefore, anything between 80 to 120 is neutral (normal). 

Shiller PER: 31.01x

The 2 indicators are showing that the US stock market is overvalued by a wide margin.

Propnex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/10/22	Lim & Tan	Propnex	1.68	1.9	Accumulate on weakness
08/11/22	UOB Kay Hian	Propnex	1.67	2.07	Buy	PER11x
08/11/22	DBS Vickers	Propnex	1.67	1.71	Hold
08/12/22	CIMB	Propnex	1.67	2.07	Add
08/15/22	phillip	Propnex	1.67	1.74	Neutral
08/30/22	Kim Eng	Propnex	1.61	1.95	Buy	PER14x FY23
08/30/22	SAC Capital	Propnex	1.61	1.78	Hold
09/16/22	UOB Kay Hian	Propnex	1.56	2.07	Buy
10/03/22	DBS Vickers	Propnex	1.5	1.19	Fully Valued	PER13x FY23
10/04/22	CIMB	Propnex	1.44	1.89	Add
11/10/22	DBS Vickers	Propnex	1.38	1.19	Fully Valued
11/10/22	Lim & Tan	Propnex	1.38	0	Neutral
11/11/22	UOB Kay Hian	Propnex	1.47	1.92	Buy	PER9.2x FY23
11/11/22	DBS Vickers	Propnex	1.47	1.61	Hold	PER11x FY23
11/14/22	phillip	Propnex	1.54	2	Buy
11/14/22	Kim Eng	Propnex	1.54	1.95	Buy
03/01/23	DBS Vickers	Propnex	1.81	1.88	Hold	PER11x FY23
03/01/23	CIMB	Propnex	1.81	2.05	Add	Sum of parts
03/06/23	phillip	Propnex	1.87	2.4	Buy	DCF
03/13/23	Kim Eng	Propnex	1.87	2.2	Buy	PER14x FY23
03/29/23	Lim & Tan	Propnex	1.91	2.13	Accumulate
04/28/23	UOB Kay Hian	Propnex	2.01	2.14	Buy	PER10x
05/29/23	UOB Kay Hian	Propnex	1.07	1.16	Buy	Ex-Bonus 1-for-1, PER11.1x
06/05/23	Kim Eng	Propnex	1.02	1.2	Buy