Date | Analyst | Company | Last | Target | Call | Valuation |
01/05/23 | DMG & Partners | ST Engineering | 3.37 | 4.15 | Buy | Sum of parts |
02/07/23 | Morningstar | ST Engineering | 3.75 | 4.74 | Buy | |
02/09/23 | CIMB | ST Engineering | 3.7 | 4 | Add | |
02/15/23 | DMG & Partners | ST Engineering | 3.64 | 4.15 | Buy | |
02/22/23 | Lim & Tan | ST Engineering | 3.58 | 4.23 | Accumulate | |
02/24/23 | DBS Vickers | ST Engineering | 3.55 | 4.1 | Buy | |
02/24/23 | Lim & Tan | ST Engineering | 3.55 | 4.12 | Accumulate on weakness | |
02/27/23 | UOB Kay Hian | ST Engineering | 3.56 | 4 | Buy | DCF |
02/27/23 | DMG & Partners | ST Engineering | 3.56 | 4.1 | Buy | Sum of parts |
02/28/23 | DBS Vickers | ST Engineering | 3.54 | 4.2 | Buy | |
02/28/23 | CIMB | ST Engineering | 3.54 | 4 | Add | |
02/28/23 | OCBC | ST Engineering | 3.54 | 4.2 | Buy | Cut from $4.50 |
02/28/23 | Kim Eng | ST Engineering | 3.54 | 4.1 | Buy | |
03/17/23 | CIMB | ST Engineering | 3.44 | 4 | Add | |
03/20/23 | Lim & Tan | ST Engineering | 3.46 | 4.12 | Accumulate | |
03/28/23 | DMG & Partners | ST Engineering | 3.63 | 4.1 | Buy | Sum of parts |
03/29/23 | DBS Vickers | ST Engineering | 3.62 | 4.2 | Buy | |
04/10/23 | Kim Eng | ST Engineering | 3.68 | 4.1 | Buy | |
04/12/23 | Citi Research | ST Engineering | 3.73 | 3.35 | Sell | |
04/17/23 | Lim & Tan | ST Engineering | 3.62 | 0 | Accumulate | |
04/18/23 | DMG & Partners | ST Engineering | 3.65 | 4.1 | Buy | Sum of parts |
04/24/23 | DBS Vickers | ST Engineering | 3.73 | 4.2 | Buy | |
05/09/23 | DMG & Partners | ST Engineering | 3.65 | 4.05 | Buy | Sum of parts |
05/16/23 | UOB Kay Hian | ST Engineering | 3.62 | 4 | Buy | DCF |
05/16/23 | CIMB | ST Engineering | 3.62 | 4 | Add | |
05/16/23 | Kim Eng | ST Engineering | 3.62 | 4.1 | Buy | |
05/16/23 | Citi Research | ST Engineering | 3.62 | 3.35 | Sell | PER22x FY23 |
05/18/23 | Lim & Tan | ST Engineering | 3.68 | 3.92 | Accumulate | |
06/09/23 | Lim & Tan | ST Engineering | 3.65 | 3.92 | Accumulate | |
06/12/23 | DMG & Partners | ST Engineering | 3.66 | 4.05 | Buy | Sum of parts |
06/26/23 | Lim & Tan | ST Engineering | 3.61 | 3.89 | Accumulate | |
07/20/23 | DMG & Partners | ST Engineering | 3.66 | 4.05 | Buy | |
08/03/23 | DMG & Partners | ST Engineering | 3.69 | 4.25 | Buy | Sum of parts |
08/11/23 | Lim & Tan | ST Engineering | 3.74 | 4.04 | Accumulate | |
08/14/23 | UOB Kay Hian | ST Engineering | 3.78 | 4.2 | Buy | DCF |
08/14/23 | DBS Vickers | ST Engineering | 3.78 | 4.2 | Buy | |
08/14/23 | Citi Research | ST Engineering | 3.78 | 3.76 | Hold | PER20x FY23 |
08/14/23 | Kim Eng | ST Engineering | 3.78 | 4.2 | Buy | |
08/14/23 | DMG & Partners | ST Engineering | 3.78 | 4.5 | Buy | |
08/14/23 | CIMB | ST Engineering | 3.78 | 4.27 | Add | |
09/18/23 | OCBC | ST Engineering | 3.93 | 4.45 | Buy | |
09/25/23 | DMG & Partners | ST Engineering | 3.83 | 4.5 | Buy | |
09/26/23 | Phillip | ST Engineering | 3.86 | 4.5 | Buy | DCF |
10/10/23 | DMG & Partners | ST Engineering | 3.81 | 4.45 | Buy | |
10/20/23 | Lim & Tan | ST Engineering | 3.79 | 4.43 | Accumulate | Consensus target $4.30 |
11/10/23 | DBS Vickers | ST Engineering | 3.82 | 4.2 | Buy | |
11/14/23 | UOB Kay Hian | ST Engineering | 3.76 | 4.2 | Buy | DCF |
11/14/23 | Phillip | ST Engineering | 3.76 | 4.5 | Buy | DCF |
11/14/23 | Lim & Tan | ST Engineering | 3.76 | 0 | Accumulate | |
11/14/23 | DBS Vickers | ST Engineering | 3.76 | 4.5 | Buy | |
11/14/23 | DMG & Partners | ST Engineering | 3.76 | 4.45 | Buy | |
11/14/23 | CIMB | ST Engineering | 3.76 | 4.27 | Add | |
11/30/23 | Kim Eng | ST Engineering | 3.72 | 4.2 | Buy | |
12/13/23 | DBS Vickers | ST Engineering | 3.78 | 4.5 | Buy | |
12/13/23 | Lim & Tan | ST Engineering | 3.78 | 0 | Accumulate | |
12/15/23 | DMG & Partners | ST Engineering | 3.81 | 4.45 | Buy | |
01/02/24 | Phillip | ST Engineering | 3.89 | 4.5 | Buy | |
02/13/24 | DBS Vickers | ST Engineering | 3.77 | 4.5 | Buy | PER21.5x FY24/25 |
02/13/24 | CIMB | ST Engineering | 3.77 | 4.36 | Add | |
02/19/24 | DMG & Partners | ST Engineering | 3.91 | 4.45 | Buy | |
02/21/24 | DMG & Partners | ST Engineering | 3.92 | 4.5 | Buy | Sum of parts |
02/21/24 | CIMB | ST Engineering | 3.92 | 4.36 | Add | |
03/01/24 | UOB Kay Hian | ST Engineering | 3.98 | 4.5 | Buy | DCF |
03/04/24 | Phillip | ST Engineering | 3.97 | 4.5 | Accumulate | |
03/04/24 | DMG & Partners | ST Engineering | 3.97 | 4.5 | Buy | Sum of parts |
03/04/24 | Lim & Tan | ST Engineering | 3.97 | 0 | Accumulate | |
03/06/24 | OCBC | ST Engineering | 3.92 | 4.6 | Buy | |
03/12/24 | DBS Vickers | ST Engineering | 3.97 | 4.8 | Buy | PER21x FY24 |
03/26/24 | CIMB | ST Engineering | 3.99 | 4.36 | Add | |
04/02/24 | DBS Vickers | ST Engineering | 4.02 | 4.8 | Buy |
Tuesday, April 2, 2024
ST Engineering - Stock calls
Stock calls for 2 April 2024
Date | Analyst | Company | Last | Target | Call | Valuation |
04/02/24 | Lim & Tan | A-Reit | 2.78 | 3.13 | Accumulate | |
04/02/24 | Lim & Tan | Hwa Par | 9.73 | 0 | Accumulate | |
04/02/24 | UOB Kay Hian | Keppel Reit | 0.87 | 1.26 | Buy | DDM |
04/02/24 | Kim Eng | Keppel Reit | 0.87 | 1 | Buy | |
04/02/24 | DBS Vickers | SATS | 2.59 | 3.4 | Buy | |
04/02/24 | OCBC | Seatrium | 0.087 | 0.155 | Buy | |
04/02/24 | DBS Vickers | SIA | 6.43 | 6.1 | Hold | |
04/02/24 | DBS Vickers | SIA Engineering | 2.27 | 2.8 | Buy | |
04/02/24 | DBS Vickers | ST Engineering | 4.02 | 4.8 | Buy | |
04/02/24 | DBS Vickers | UMS | 1.35 | 1.84 | Buy | |
04/02/24 | DBS Vickers | Venture | 14.13 | 16.9 | Buy |
The US ISM PMI increased to 50.3 in March 2024.
The ISM PMI increased to 50.3 in March 2024 and was the 1st month of expansion after 16 months of contraction.
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 (+2.2) - New export order % change (0) = +2.2%
* Estimated local raw materials=Inventories % change (+2.9) - Imports % change (0) = +2.9%
From these 2 sub-indices, we could derive that the increase in ISM PMI was driven by local consumption. This was indeed surprising because the US consumers continue to spend in the headwinds of inflation and economic uncertainty.
As the saying goes, 1 month of data doesn't make a trend and we'll need to continue to observe the future PMIs to confirm the expansion trajectory.
