Stock calls for 13 July 2023

Date	Analyst	Company	Last	Target	Call	Valuation
07/13/23	UOB Kay Hian	DBS	31.01	41.5	Buy
07/13/23	Kim Eng	LHN	0.38	0.54	Buy	PER8x FY24
07/13/23	UOB Kay Hian	OCBC	12.15	17.5	Buy
07/13/23	DBS Vickers	Thai Beverage	0.565	0.86	Buy
07/13/23	CIMB	Thai Beverage	0.565	0.88	Add
07/13/23	CIMB	UOB	27.31	33.3	Add	GGM

A brief look at the US CPI.

The US CPI is 3%.  We can see that the CPI is being dragged down by mostly the energy and transportation (cars) sectors.

The core CPI is at 4.8% which is more than double the Fed's targeted inflation of 2%.

CPI growth sector:

The benign inflation report won't rattle the FED's path of rate hikes.  Thus, the US FED won't reduce its rates in 2023 because the core CPI is still at an elevated level.

Hotel Properties - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/23	DBS Vickers	Hotel Properties	3.54	4.35	Buy	RNAV (25% disc)
03/02/23	DBS Vickers	Hotel Properties	3.55	4.35	Buy	RNAV (25% disc)
06/13/23	DBS Vickers	Hotel Properties	3.91	4.35	Buy

HongKong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/20/22	DBS Vickers	Hongkong Land	4.91	5.95	Buy	RNAV (50% disc)
08/01/22	DBS Vickers	Hongkong Land	5.19	6.14	Buy
11/14/22	DBS Vickers	Hongkong Land	4.25	6.14	Buy
11/14/22	CIMB	Hongkong Land	4.25	4.7	Hold
01/17/23	DBS Vickers	Hongkong Land	4.9	5.93	Buy	RNAV (50% disc)
03/03/23	Lim & Tan	Hongkong Land	4.63	5.19	Buy on weakness
03/06/23	DBS Vickers	Hongkong Land	4.53	5.33	Buy	RNAV (55% discount)
03/08/23	CIMB	Hongkong Land	4.5	4.4	Hold
04/04/23	Lim & Tan	Hongkong Land	4.4	5.11	Accumulate
05/19/23	Lim & Tan	Hongkong Land	4.38	5.11	Accumulate
06/30/23	DBS Vickers	Hongkong Land	3.97	5.33	Buy	RNAV (55% discount)

Hong Leong Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/24/22	CIMB	Hong Leong Asia	0.735	1.05	Add
01/13/23	CIMB	Hong Leong Asia	0.65	1.05	Add
01/27/23	CIMB	Hong Leong Asia	0.68	1.1	Add	Sum of parts
03/14/23	CIMB	Hong Leong Asia	0.66	1.1	Add	Sum of parts

Stock calls for 12 July 2023

Date	Analyst	Company	Last	Target	Call	Valuation
07/12/23	DBS Vickers	Bumitama	0.59	0.9	Buy	DCF
07/12/23	DMG & Partners	CDL Hospitality	1.2	1.25	Neutral	DDM
07/12/23	Lim & Tan	Comfortdelgro	1.2	1.37	Accumulate
07/12/23	DBS Vickers	First Resources	1.5	2	Buy	DCF
07/12/23	Lim & Tan	SIA Engineering	2.48	2.63	Buy