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Thursday, November 30, 2023

Stock calls for 30 November 2023

Date

Analyst

Company

Last

Target

Call

Valuation

11/30/23

UOB Kay Hian

Keppel Corp

6.43

9.09

Buy

Sum of parts

11/30/23

DBS Vickers

Manulife US Reit

0.091

0.1

Hold


11/30/23

UOB Kay Hian

Manulife US Reit

0.091

0.13

Buy

DDM

11/30/23

Kim Eng

Sembcorp Industries

5.16

6.3

Buy


11/30/23

Kim Eng

ST Engineering

3.72

4.2

Buy


US GDP growth is 5.2% for Q3 2023. Is it really that good?

Let's break up the GDP components for our analysis.

GDP growth=Government spendings+Investments+Consumptions+Net Exports

5.2% = 0.94% + 1.82% + 2.44% + (-0.04) = 5.16% (Rounded off to 5.2%)

As we can see from the GDP components, the 2 biggest contributors are Investments and consumptions.  The US consumers and firms are spending way beyond their means now and this can be reflected in the default and bankruptcy rates.


The US bankruptcy filings are at an elevated high in 2023.  Many US firms have overstretched themselves.

Thus, the latest US GDP growth may look good but it is seeding a bigger danger in the future because consumers and firms can't continue relying on debts for a long period.

Wednesday, November 29, 2023

Civmec - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

01/04/23

UOB Kay Hian

Civmec

0.58

1.18

Buy

PER12x FY23

01/10/23

Kim Eng

Civmec

0.575

0.94

Buy


01/10/23

Lim & Tan

Civmec

0.575

1.06

Buy


01/12/23

UOB Kay Hian

Civmec

0.58

1.1

Buy

PER11x FY23

02/01/23

Lim & Tan

Civmec

0.595

1.05

Buy


02/10/23

UOB Kay Hian

Civmec

0.655

1.1

Buy

PER11x FY23

02/10/23

DBS Vickers

Civmec

0.655

0.95

Buy

PER8.5x FY23/24

02/13/23

Kim Eng

Civmec

0.66

1

Buy

PER9x FY23

04/03/23

Lim & Tan

Civmec

0.685

0

Buy


04/05/23

UOB Kay Hian

Civmec

0.695

1.1

Buy

PER11x FY23

05/11/23

DBS Vickers

Civmec

0.705

0.95

Buy


05/11/23

Lim & Tan

Civmec

0.705

1.02

Buy


05/24/23

UOB Kay Hian

Civmec

0.705

1.23

Buy

PER11x FY24

05/24/23

Lim & Tan

Civmec

0.705

1.2

Buy


08/29/23

Lim & Tan

Civmec

0.815

1.23

Buy


08/30/23

UOB Kay Hian

Civmec

0.79

1.23

Buy

PER11x FY24

08/30/23

Kim Eng

Civmec

0.79

1.05

Buy

PER10x FY24

10/11/23

Lim & Tan

Civmec

0.795

1.14

Accumulate


11/01/23

UOB Kay Hian

Civmec

0.79

1.23

Buy

PER11x FY24

11/01/23

Kim Eng

Civmec

0.79

1.05

Buy


11/20/23

Lim & Tan

Civmec

0.775

1.25

Accumulate