Stock calls for 27 December 2022

Date	Analyst	Company	Last	Target	Call	Valuation
12/27/22	Lim & Tan	Sembcorp Marine	0.139	0.14	Hold

The latest economic statistics in December 2022.

The latest US PCE (yoy) is 5.5%.

Although the PCE is declining, the US leading economic indicator (LEI) is worsening as shown on the chart. This means the US economic conditions will continue to deteriorate and a recession is bound to happen next year because a recession always happen with a negative LEI.

Baltic dry index - 1515

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 776

Related stock: Sembcorp Marine & Cosco.

Digicore Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/22	DBS Vickers	Digicore Reit	1.18	1.4	Buy	DCF
02/14/22	UOB Kay Hian	Digicore Reit	1.16	1.32	Buy	DDM
04/22/22	DBS Vickers	Digicore Reit	0.985	1.3	Buy	DCF
04/22/22	UOB Kay Hian	Digicore Reit	0.985	1.1	Hold	DDM
06/03/22	DBS Vickers	Digicore Reit	0.97	1.3	Buy
07/01/22	UOB Kay Hian	Digicore Reit	0.77	0.98	Buy	DDM
07/01/22	DBS Vickers	Digicore Reit	0.77	1.3	Buy
07/22/22	DBS Vickers	Digicore Reit	0.75	1.15	Buy	DCF
08/01/22	UOB Kay Hian	Digicore Reit	0.87	0.98	Buy
08/01/22	DBS Vickers	Digicore Reit	0.87	1.15	Buy
09/23/22	UOB Kay Hian	Digicore Reit	0.79	0.98	Buy	DDM
09/23/22	DBS Vickers	Digicore Reit	0.79	1.15	Buy
09/28/22	UOB Kay Hian	Digicore Reit	0.715	0.9	Buy
10/27/22	DBS Vickers	Digicore Reit	0.57	0.9	Buy
11/21/22	DBS Vickers	Digicore Reit	0.585	0.9	Buy	DCF
12/14/22	Lim & Tan	Digicore Reit	0.615	0.87	Buy

Delfi - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/23/22	DBS Vickers	Delfi	0.75	1.07	Buy
02/24/22	CIMB	Delfi	0.785	1.09	Add
02/24/22	DBS Vickers	Delfi	0.785	1.1	Buy	PER18x FY22
04/12/22	CIMB	Delfi	0.79	1.09	Add
05/20/22	CIMB	Delfi	0.745	1.09	Add
08/11/22	DBS Vickers	Delfi	0.74	1.1	Buy
08/12/22	DBS Vickers	Delfi	0.79	1.31	Buy	PER17x FY22/23
08/12/22	CIMB	Delfi	0.79	1.28	Add	PER17x FY23
11/16/22	DBS Vickers	Delfi	0.755	1.31	Buy
11/16/22	Lim & Tan	Delfi	0.755	1.28	Constructive
11/18/22	CIMB	Delfi	0.77	1.26	Add	PER15x FY24

Del Monte - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/15/22	phillip	Del Monte	0.355	0.63	Buy	PER12x FY22, up from $0.62
06/24/22	Lim & Tan	Del Monte	0.355	0.63	Accumulate
06/27/22	phillip	Del Monte	0.37	0.69	Buy	PER10x FY22
09/12/22	phillip	Del Monte	0.335	0.69	Buy	PER10x FY22
12/12/22	phillip	Del Monte	0.315	0.67	Buy	PER8x FY23

Stock calls for 23 December 2022

Date	Analyst	Company	Last	Target	Call	Valuation
12/23/22	Lim & Tan	Ho Bee	2.4	3.38	Hold
12/23/22	Lim & Tan	Sembcorp Industries	3.41	4.14	Accumulate