Date | Analyst | Company | Last | Target | Call | Valuation |
01/05/22 | CIMB | Grand Venture | 1.19 | 1.74 | Add | PER15.8x FY23 |
02/14/22 | Amfrasers | Grand Venture | 1.1 | 1.37 | Buy | |
02/16/22 | Lim & Tan | Grand Venture | 1.06 | 1.71 | Buy | |
03/18/22 | SAC Capital | Grand Venture | 0.955 | 1.195 | Buy | |
03/23/22 | CIMB | Grand Venture | 0.98 | 1.6 | Add | |
04/14/22 | DBS Vickers | Grand Venture | 0.965 | 1.5 | Buy | PER18x FY23 |
05/09/22 | Lim & Tan | Grand Venture | 0.975 | 1.43 | Buy | |
05/09/22 | DBS Vickers | Grand Venture | 0.975 | 1.4 | Buy | PER18x FY23 |
05/25/22 | CIMB | Grand Venture | 0.803 | 1.29 | Add | |
07/26/22 | DBS Vickers | Grand Venture | 0.685 | 1.4 | Buy | |
08/12/22 | CIMB | Grand Venture | 0.7 | 0.85 | Add | |
08/12/22 | DBS Vickers | Grand Venture | 0.7 | 1.07 | Buy | |
10/17/22 | CIMB | Grand Venture | 0.505 | 0.4 | Reduce | PER9.6x FY23 |
10/18/22 | DBS Vickers | Grand Venture | 0.455 | 0.57 | Buy | PER12x FY23 |
11/09/22 | DBS Vickers | Grand Venture | 0.505 | 0.57 | Buy | |
01/06/23 | CIMB | Grand Venture | 0.52 | 0.52 | Hold | PER10.4x FY24 |
Tuesday, January 10, 2023
Grand Venture - Stock calls
Grand Bank - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/24/22 | Lim & Tan | Grand Bank | 0.315 | 0 | Accumulate | |
02/14/22 | Lim & Tan | Grand Bank | 0.305 | 0 | Accumulate on weakness | |
09/01/22 | Lim & Tan | Grand Bank | 0.29 | 0 | Accumulate | |
11/22/22 | Lim & Tan | Grand Bank | 0.275 | 0 | Buy |
Stock calls for 9 January 2023
Date | Analyst | Company | Last | Target | Call | Valuation |
01/09/23 | UOB Kay Hian | A-Reit | 2.73 | 3.27 | Buy | |
01/09/23 | Kim Eng | AEM | 3.48 | 3.08 | Sell | PER8.5x FY23 |
01/09/23 | UOB Kay Hian | ART | 1.03 | 1.37 | Buy | |
01/09/23 | Uob Kay Hian | Capitaland Integrated Commercial Trust | 2 | 2.29 | Buy | |
01/09/23 | UOB Kay Hian | CDL Hospitality | 1.25 | 1.47 | Buy | |
01/09/23 | UOB Kay Hian | Frasers Logistics | 1.17 | 1.56 | Buy | |
01/09/23 | UOB Kay Hian | Genting | 0.97 | 1.15 | Buy | |
01/09/23 | UOB Kay Hian | Keppel Reit | 0.9 | 1.17 | Buy | |
01/09/23 | UOB Kay Hian | Lendlease Reit | 0.675 | 0.87 | Buy | |
01/09/23 | UOB Kay Hian | Mapletree Commercial | 1.69 | 2.02 | Buy | |
01/09/23 | UOB Kay Hian | Mapletree Industrial | 2.25 | 3.3 | Buy | |
01/09/23 | UOB Kay Hian | Mapletree Logistics | 1.6 | 1.99 | Buy | |
01/09/23 | Citi Research | Sembcorp Marine | 0.134 | 0.1 | Sell | |
01/09/23 | UOB Kay Hian | Suntec Reit | 1.37 | 1.37 | Hold | |
01/09/23 | Kim Eng | UMS | 1.23 | 1.34 | Buy | |
01/09/23 | DMG & Partners | UOB | 30.84 | 34.9 | Buy | |
01/09/23 | CIMB | Venture | 16.97 | 20.1 | Add | PER15.2x FY23 |
01/09/23 | Lim & Tan | Yangzijiang | 1.23 | 0 | Buy |
Sunday, January 8, 2023
US consumerism is stalling because household savings are at a record low.
The US consumer spending accounts for 70% of the US economy. If the US consumerism is stalling because of the record low household savings, the US will enter into a recession in 2023.
Equity sentiment declined in 2022.
The US will enter into a recession in 2023 due to its declining PMI.
The prices subindex had declined to 39.4 (-03.6) because of the continual easing in supply and logistic disruption. The new order continued its contractionary phase (45.2, -2) because the new export (46.2, -2.2) order declined and the new local order remained stagnant. As the new order remained weak, the customers’ inventories (48.2, -0.5) and backlog orders (41.4, +1.4) stayed in the contractionary phase.
The production (48.5, -3) declined because of the weaker outlook. However, the employment improved to 51.4 (+3) because the producers preferred to get more workers due to the mismatch in the labour market. The supplier’s delivery improved to 45.1 (-2.1) because of easing in supply and logistic disruption. A lower delivery index means a faster delivery period.
Nevertheless, the producers took advantage of the lower prices to stock up on their inventories (51.8, +0.9) by using more local raw materials (+2.4) and reducing their imports (45.1, -1.5)
In conclusion, the above factors caused the PMI to decline to a 1 year low of 48.4 (-0.6) and the economy would enter into a recession in 2023.
Saturday, January 7, 2023
Friday, January 6, 2023
Golden Energy - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/22 | Lim & Tan | Golden Energy | 0.295 | 0.42 | Buy | |
03/17/22 | Amfrasers | Golden Energy | 0.39 | 1.29 | outperform | Sum of parts |