Date | Analyst | Company | Last | Target | Call | Valuation |
11/02/23 | UOB Kay Hian | A-Reit | 2.6 | 3.13 | Buy | DDM |
11/02/23 | Lim & Tan | DBS | 33.03 | 0 | Accumulate | |
11/02/23 | Citi Research | Digicore Reit | 0.5 | 0.67 | Buy | |
11/02/23 | Lim & Tan | Frasers Logistics | 1.04 | 1.35 | Neutral | |
11/02/23 | DBS Vickers | Frasers Logistics | 1.04 | 1.55 | Buy | |
11/02/23 | UOB Kay Hian | Frencken | 1.06 | 1.23 | Buy | PER12.6x FY24 |
11/02/23 | DMG & Partners | HRnetGroup | 0.695 | 0.91 | Buy | |
11/02/23 | CIMB | Japfa | 0.21 | 0.28 | Add | PB0.5x FY24 |
11/02/23 | UOB Kay Hian | Parkway Life | 3.35 | 4.19 | Buy | DDM |
11/02/23 | UOB Kay Hian | Sheng Siong | 1.55 | 1.97 | Buy | PER21x FY24 |
Friday, November 3, 2023
Stock calls for 2 November 2023
Thursday, November 2, 2023
The US ISM PMI had a sharp drop in October 2023.
The US ISM PMI had declined to 46.7. Let's take a look at what happened here.
Let's calculate 2 unknown sub-indices (Estimated new local orders & local raw materials) first.
* Estimated new local orders=New orders % change (-3.7) - New export order % change (+2) = -5.7%
* Estimated local raw materials=Inventories % change (-2.5) - Imports % change (-0.3) = -2.2%
We can see that the significant decline in the ISM PMI is caused by sharp drops in new orders (45.5, -3.7) and new local orders (est'd -5.7). In short, the US consumers had cut back on their spendings.
The ISM PMI had declined for 12 consecutive months already and the US GDP should be reflecting the true main street situation soon.
Silverlake - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/30/22 | DBS Vickers | Silverlake | 0.36 | 0.48 | Buy | PER18x |
08/31/22 | CIMB | Silverlake | 0.36 | 0.42 | Add | |
09/01/22 | Phillip | Silverlake | 0.36 | 0.49 | Buy | PER20x FY23 |
11/15/22 | DBS Vickers | Silverlake | 0.315 | 0.48 | Buy | PER18x |
11/15/22 | CIMB | Silverlake | 0.315 | 0.44 | Add | |
11/17/22 | Phillip | Silverlake | 0.335 | 0.49 | Buy | PER20x FY23 |
02/15/23 | DBS Vickers | Silverlake | 0.37 | 0.48 | Buy | PER18x |
02/15/23 | CIMB | Silverlake | 0.37 | 0.44 | Add | |
02/16/23 | Phillip | Silverlake | 0.355 | 0.49 | Buy | PER20x FY23 |
04/21/23 | Phillip | Silverlake | 0.33 | 0.49 | Buy | PER20x FY23 |
05/16/23 | DBS Vickers | Silverlake | 0.335 | 0.42 | Buy | PER17x FY23/24 |
05/16/23 | CIMB | Silverlake | 0.335 | 0.41 | Add | |
05/17/23 | Phillip | Silverlake | 0.33 | 0.49 | Buy | PER21x FY23 |
08/28/23 | DBS Vickers | Silverlake | 0.26 | 0.35 | Buy | PER15x FY24 |
08/28/23 | CIMB | Silverlake | 0.26 | 0.37 | Add | |
08/29/23 | Phillip | Silverlake | 0.265 | 0.38 | Buy | PER20x FY23 |
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