Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/23	UOB Kay Hian	Venture	17.07	20.06	Buy	PER16x FY23
01/09/23	CIMB	Venture	16.97	20.1	Add	PER15.2x FY23
02/02/23	Kim Eng	Venture	18.5	20.2	Buy
02/27/23	UOB Kay Hian	Venture	18.17	20.2	Buy	PER15.5x FY23
02/27/23	Phillip	Venture	18.17	19.7	Accumulate	PER16x FY23
02/27/23	DBS Vickers	Venture	18.17	20.1	Buy	PER15x FY23/24
02/27/23	DMG & Partners	Venture	18.17	22	Buy	PER16x FY22
02/27/23	Lim & Tan	Venture	18.17	0	Accumulate
03/07/23	CIMB	Venture	17.09	20.1	Add	PER15.2x FY23
03/07/23	Kim Eng	Venture	17.09	20.2	Buy	PER16.2x FY23
03/27/23	Lim & Tan	Venture	17.45	0	Accumulate
04/03/23	CIMB	Venture	17.67	20.1	Add
04/06/23	Lim & Tan	Venture	18	20.11	Buy
04/26/23	Kim Eng	Venture	17.37	17.32	Hold	PER15x FY23
05/08/23	UOB Kay Hian	Venture	17.06	16.99	Hold	PER15.5x FY23
05/08/23	Phillip	Venture	17.06	17.1	Neutral	PER16x FY23
05/08/23	DBS Vickers	Venture	17.06	18.1	Hold	PER15x FY23/24
05/08/23	DMG & Partners	Venture	17.06	19.36	Buy	PER16x FY23
05/08/23	CIMB	Venture	17.06	18.11	Add
05/08/23	Lim & Tan	Venture	17.06	0	Accumulate on weakness
05/08/23	Kim Eng	Venture	17.06	16.5	Hold	PER15x FY23
05/08/23	Citi Research	Venture	17.06	20.3	Buy
06/15/23	Citi Research	Venture	17.19	19	Buy
07/24/23	DMG & Partners	Venture	14.6	18.26	Buy	PER16x FY23
07/26/23	Kim Eng	Venture	14.54	15.4	Hold
08/07/23	UOB Kay Hian	Venture	14.38	14.6	Hold	PER14.6x FY24
08/07/23	Phillip	Venture	14.38	15.2	Neutral	PER15x FY23
08/07/23	Lim & Tan	Venture	14.38	0	Accumulate on weakness
08/07/23	CIMB	Venture	14.38	16.8	Add	PER15.2x FY25
08/07/23	Citi Research	Venture	14.38	17.6	Buy
08/07/23	Kim Eng	Venture	14.38	14.3	Hold
08/08/23	DBS Vickers	Venture	13.89	15.4	Buy	PER13.5x FY24
08/08/23	DMG & Partners	Venture	13.89	14.4	Neutral	PER14x FY23/24
09/05/23	UOB Kay Hian	Venture	12.98	14.6	Hold
09/12/23	DBS Vickers	Venture	12.64	15.4	Buy	PER13.5x FY24
10/11/23	CIMB	Venture	12.27	16.61	Add	PER14.6x FY25
10/26/23	DBS Vickers	Venture	11.56	15.4	Buy	PER13.5x FY24
11/06/23	DBS Vickers	Venture	12.19	15.1	Buy	PER14x FY24
11/06/23	UOB Kay Hian	Venture	12.19	14.06	Buy	PER14.6x FY24
11/06/23	Phillip	Venture	12.19	12.5	Neutral	PER13x FY24
11/06/23	Kim Eng	Venture	12.19	14	Buy	PER14.5x FY23
11/06/23	CIMB	Venture	12.19	16.61	Add	PER14.6x FY25
11/06/23	Citi Research	Venture	12.19	16.3	Buy
11/16/23	Lim & Tan	Venture	12.88	0	Accumulate
11/22/23	Kim Eng	Venture	12.89	15.4	Buy	PER15x FY23
12/01/23	DBS Vickers	Venture	12.51	15.1	Buy
12/05/23	Lim & Tan	Venture	13.11	0	Accumulate
12/05/23	UOB Kay Hian	Venture	13.11	14.06	Buy	PER14.6x FY24
12/12/23	CIMB	Venture	13.1	16.61	Add
01/18/24	DBS Vickers	Venture	13.55	15.1	Buy
01/25/24	CIMB	Venture	13.88	15.9	Add	PER14.6x FY25
01/29/24	UOB Kay Hian	Venture	13.48	16.37	Buy	PER17x FY24
02/19/24	UOB Kay Hian	Venture	13.99	16.37	Buy	PER17x FY24
02/19/24	DMG & Partners	Venture	13.99	14.7	Buy
02/23/24	DBS Vickers	Venture	14.1	16.9	Buy	PER16x FY24
02/23/24	Lim & Tan	Venture	14.1	0	Accumulate
02/26/24	Phillip	Venture	13.72	12.75	Neutral	PER13x FY24/25
03/04/24	UOB Kay Hian	Venture	14	16.37	Buy	PER17x FY24
04/02/24	DBS Vickers	Venture	14.13	16.9	Buy
04/03/24	UOB Kay Hian	Venture	14.29	16.37	Buy	PER17x FY24

Stock calls for 11 April 2024

Date	Analyst	Company	Last	Target	Call	Valuation
04/11/24	DMG & Partners	Delfi	0.925	1.33	Buy
04/11/24	DBS Vickers	Frasers Property	0.85	1.2	Buy	RNAV (60% disc)
04/11/24	CIMB	Jumbo	0.255	0.36	Add	PER14x FY25
04/11/24	CIMB	Kimly	0.305	0.36	Hold	PER13x FY24
04/11/24	Lim & Tan	LHN	0.34	0	Accumulate

US CPI comes in hot!

March CPI: 3.5% (y-o-y)

We've stated on numerous postings that the US CPI won't decline significantly any further and we've been proven correct.

https://sg-stock.blogspot.com/2024/01/us-cpi-rose-in-december-2023.html

US CPI (m-o-m): 0.4%

If the monthly CPI for 2024 is at 0.3%, the annual CPI will be at 3.66% and this will mean no Fed rate cut in 2024 at all.

Vertex Tech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/20/23	phillip	Vertex Tech	4.95	0	Fully Redeemed

Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/31/23	Lim & Tan	Valuetronics	0.54	0	Hold
06/09/23	UOB Kay Hian	Valuetronics	0.545	0.56	Hold	PER10.2x FY23
06/30/23	Lim & Tan	Valuetronics	0.545	0.56	Hold
09/22/23	phillip	Valuetronics	0.525	0.61	Buy	PER11x FY24
11/14/23	phillip	Valuetronics	0.545	0.7	Buy	PER11x
11/16/23	UOB Kay Hian	Valuetronics	0.55	0.72	Buy	PER10.6x PER24
01/02/24	phillip	Valuetronics	0.595	0.7	Buy
02/19/24	UOB Kay Hian	Valuetronics	0.6	0.72	Buy
04/01/24	phillip	Valuetronics	0.575	0.7	Buy
04/08/24	UOB Kay Hian	Valuetronics	0.59	0.72	Buy