Date | Analyst | Company | Last | Target | Call | Valuation |
01/05/24 | DBS Vickers | Bumitama | 0.6 | 0.9 | Buy | PER8.1x FY24 |
01/05/24 | DMG & Partners | Dairy Farm | 2.26 | 2.92 | Buy | PER17x FY24 |
01/05/24 | Kim Eng | Dyna-Mac | 0.32 | 0.38 | Buy | PER16.5x FY24 |
01/05/24 | CIMB | Grand Venture | 0.535 | 0.62 | Add | PER11.6x FY25 |
01/05/24 | UOB Kay Hian | Lendlease Reit | 0.635 | 0.87 | Buy | DDM |
01/05/24 | Lim & Tan | Manulife US Reit | 0.078 | 0.16 | Avoid | |
01/05/24 | CIMB | Raffles Medical | 1.07 | 1.2 | Add | |
01/05/24 | OCBC | Seatrium | 0.113 | 0.175 | Buy | |
01/05/24 | DMG & Partners | Sheng Siong | 1.57 | 1.99 | Buy | PER21x FY24 |
01/05/24 | UOB Kay Hian | Thai Beverage | 0.54 | 0.7 | Buy | Sum of parts |
Friday, January 5, 2024
Stock calls for 5 January 2024
Thursday, January 4, 2024
Micro-Mechanics - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/31/23 | DBS Vickers | Micro-Mechanics | 2.57 | 2.12 | Fully Valued | PER23x FY23/24 |
01/31/23 | Lim & Tan | Micro-Mechanics | 2.57 | 2.32 | Avoid | |
04/05/23 | DBS Vickers | Micro-Mechanics | 2.02 | 2.12 | Fully Valued | |
05/02/23 | DBS Vickers | Micro-Mechanics | 2.1 | 1.75 | Fully Valued | PER21x FY23/24 |
Megachem - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/28/23 | SAC Capital | Megachem | 0.495 | 0.55 | Buy |
Marco Polo - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/30/23 | DMG & Partners | Marco Polo | 0.043 | 0.06 | Buy | DCF |
05/31/23 | DMG & Partners | Marco Polo | 0.051 | 0.06 | Buy | DCF |
06/12/23 | UOB Kay Hian | Marco Polo | 0.053 | 0.06 | Buy | PB1.3x FY23 |
08/22/23 | Lim & Tan | Marco Polo | 0.051 | 0.06 | Buy | |
09/25/23 | UOB Kay Hian | Marco Polo | 0.05 | 0.06 | Buy | PB1.3x FY24 |
11/01/23 | UOB Kay Hian | Marco Polo | 0.051 | 0.06 | Buy | PB1.3x FY24 |
11/22/23 | Lim & Tan | Marco Polo | 0.051 | 0.06 | Buy | |
12/06/23 | DMG & Partners | Marco Polo | 0.05 | 0.07 | Buy | |
12/07/23 | UOB Kay Hian | Marco Polo | 0.051 | 0.066 | Buy | PB1.3x FY24 |
Stock calls for 4 January 2024
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/24 | Citi Research | Netlink | 0.85 | 1.06 | Buy | |
01/04/24 | CIMB | Seatrium | 0.115 | 0.19 | Add | PB1.5x FY24 |
01/04/24 | Citi Research | Seatrium | 0.115 | 0.1 | Sell |
The US ISM PMI has been contracting for 14 months already.
The US ISM PMI was at 47.4 in December 2023 . Let's take a look at what happened here.
Let's calculate 2 unknown sub-indices (Estimated new local orders & local raw materials) first.
* Estimated new local orders=New orders % change (-1.2) - New export order % change (+3.9) = -5.1%
* Estimated local raw materials=Inventories % change (-0.5) - Imports % change (+0.2) = -0.7%
As we can see from the above, the ISM PMI (47.4) remained in the contractionary zone because of the weak new local orders (estimated -5.1%) and this showed the US consumers had been cutting back on their spendings in December 2023. The bleak consumption outlook caused the producers to let the customers' inventories (48.1, -2.7) to be depleted and the backlog of orders (45.3, +6) to increase. Simultaneously, the weak consumption also caused the prices (45.2, -4.7) to fall.