Date | Analyst | Company | Last | Target | Call | Valuation |
01/06/22 | Lim & Tan | PanUnited | 0.335 | 0.5 | Buy | |
03/14/22 | Lim & Tan | PanUnited | 0.35 | 0 | Buy | |
03/14/22 | phillip | PanUnited | 0.35 | 0.46 | Buy | PER16x FY22 |
03/21/22 | Lim & Tan | PanUnited | 0.35 | 0.54 | Buy | EV/Ebitda5.6x |
03/30/22 | CIMB | PanUnited | 0.385 | 0.53 | Add | PER12.3x |
03/30/22 | SAC Capital | PanUnited | 0.385 | 0.56 | Buy | EV/Ebitda6.6x FY23 |
04/07/22 | CIMB | PanUnited | 0.41 | 0.56 | Add | |
05/05/22 | CIMB | PanUnited | 0.4 | 0.56 | Add | |
06/13/22 | phillip | PanUnited | 0.43 | 0.68 | Buy | PER12x FY22 |
06/13/22 | SAC Capital | PanUnited | 0.43 | 0.53 | Buy | |
08/05/22 | CIMB | PanUnited | 0.45 | 0.57 | Add | |
08/11/22 | SAC Capital | PanUnited | 0.445 | 0.53 | Buy | |
08/12/22 | phillip | PanUnited | 0.45 | 0.54 | Buy | PER12x FY22 |
08/22/22 | Lim & Tan | PanUnited | 0.44 | 0.54 | Buy | |
09/22/22 | CIMB | PanUnited | 0.43 | 0.57 | Add | |
09/23/22 | Lim & Tan | PanUnited | 0.43 | 0.54 | Buy | EV/Ebitda6.9x |
12/12/22 | phillip | PanUnited | 0.405 | 0.54 | Buy | PER12x FY23 |
12/14/22 | Lim & Tan | PanUnited | 0.405 | 0.5 | Buy | |
01/13/23 | CIMB | PanUnited | 0.4 | 0.57 | Add |
Tuesday, February 7, 2023
Pan-United - Stock calls
Oxpay - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/15/22 | Amfrasers | Oxpay | 0.153 | 0.3 | Outperform | PER18x FY22 |
Stock calls for 6 February 2023
Date | Analyst | Company | Last | Target | Call | Valuation |
02/06/23 | UOB Kay Hian | A-Reit | 3 | 3.3 | Buy | DDM |
02/06/23 | Lim & Tan | A-Reit | 3 | 3.08 | Hold | |
02/06/23 | phillip | DBS | 35.5 | 41.6 | Buy | |
02/06/23 | UOB Kay Hian | Digicore Reit | 0.68 | 0.97 | Buy | |
02/06/23 | OCBC | Mapletree Commercial | 1.83 | 1.81 | Hold | |
02/06/23 | Citi Research | Mapletree Commercial | 1.83 | 1.9 | Buy | DDM & RNAV |
02/06/23 | phillip | OCBC | 13 | 14.22 | Buy | |
02/06/23 | phillip | UOB | 30.16 | 35.7 | Buy |
Sunday, February 5, 2023
The ISM PMI declined again in the US for January 2023.
The prices subindex had increased to 44.5 (+5.1) because of an uprise in employment subindex. The new order continued its contractionary phase (42.5, 2.6) because the new local order decreased significantly (Est’d -5.8) which outweighed the increase in new export order (49.4, +3.2). As the new order remained weak, the customers’ inventories (47.4, -0.8) and backlog orders (43.4, +2) stayed in the contractionary phase. The backlog orders increased because the decline in production was lesser than the new order.
The production (48, -0.6) declined because of the weaker outlook. However, the employment improved to 50.6 (+0.2) because the producers preferred to get more workers due to the mismatch in the labour market. The supplier’s delivery improved to 45.6 (-0.5) because of easing in supply and logistic disruption. A lower delivery index means a faster delivery period.
As the new order continued to deteriorate, the producers reduced their inventories to 50.2 (-2.1) and local raw material (Est’d -4.8). However, the producers increased their imports (47.8, +2.7) due to an easing in supply and logistical issues.
In conclusion, the above factors caused the PMI to decline to a 1 year low of 47.4 (-1) and the economy would enter into a recession in 2023.
Recent economic statistics for 1st week of February 2023.
IMF economic outlook growth projections:
The US Fed is expected to raise the fed fund rate by 25bp in February 2023. - Part 2
Just as expected, the Fed increased its rate by 25bp. The Fed has also stated its stance that it won't reduce its rate in 2023.
https://sg-stock.blogspot.com/2023/02/the-us-fed-is-expected-to-raise-fed.htmlSaturday, February 4, 2023
Overseas Education - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/03/22 | Lim & Tan | Overseas Edu | 0.255 | 0 | Hold | |
04/12/22 | Lim & Tan | Overseas Edu | 0.255 | 0 | Hold |
OUE Commercial - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/17/22 | DBS Vickers | OUE Commercial | 0.43 | 0.5 | Buy | DCF |
02/18/22 | Lim & Tan | OUE Commercial | 0.435 | 0 | Hold | |
02/18/22 | CIMB | OUE Commercial | 0.435 | 0.43 | Hold | |
05/13/22 | DBS Vickers | OUE Commercial | 0.395 | 0.5 | Buy | |
07/26/22 | DBS Vickers | OUE Commercial | 0.39 | 0.5 | Buy | |
07/27/22 | DBS Vickers | OUE Commercial | 0.39 | 0.41 | Hold | |
08/02/22 | CIMB | OUE Commercial | 0.38 | 0.39 | Hold | |
11/07/22 | DBS Vickers | OUE Commercial | 0.32 | 0.35 | Hold | |
01/31/23 | DBS Vickers | OUE Commercial | 0.37 | 0.35 | Hold | |
02/02/23 | CIMB | OUE Commercial | 0.355 | 0.36 | Hold |