DBS Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/03/23	UOB Kay Hian	DBS	32.95	41	Buy	GGM, PB1.88x FY23
05/03/23	DMG & Partners	DBS	32.95	35.7	Neutral	GGM, PB1.52x
05/03/23	CIMB	DBS	32.95	35.3	Hold
05/05/23	phillip	DBS	32.13	41.6	Buy	GGM, PB1.9x FY23
05/08/23	OCBC	DBS	31.9	39	Buy
05/18/23	CLSA	DBS	30.57	43.14	Buy
05/23/23	Lim & Tan	DBS	30.91	37.5	Accumulate
06/12/23	Citi Research	DBS	30.91	26.6	Sell	GGM, PB1.12x FY23
06/23/23	DMG & Partners	DBS	31.04	33	Neutral	GGM, PB1.4x FY23
07/03/23	phillip	DBS	31.51	41.6	Buy
07/10/23	DMG & Partners	DBS	30.67	33	Neutral
07/13/23	UOB Kay Hian	DBS	31.01	41.5	Buy
07/19/23	Kim Eng	DBS	32.53	38.51	Buy
07/20/23	Citi Research	DBS	32.55	27.1	Sell
07/21/23	CIMB	DBS	32.74	35.5	Hold
08/03/23	Lim & Tan	DBS	33.84	37.22	Accumulate
08/04/23	UOB Kay Hian	DBS	33.76	44.35	Buy	GGM, PB1.81x FY23
08/04/23	phillip	DBS	33.76	41.6	Buy	GGM, PB1.9x FY23
08/04/23	DMG & Partners	DBS	33.76	36.3	Neutral	GGM, PB1.47x
08/10/23	CLSA	DBS	34.3	43.14	Overweight
08/10/23	Citi Research	DBS	34.3	28.7	Sell
09/04/23	Lim & Tan	DBS	33.3	37.52	Buy
09/08/23	phillip	DBS	33.41	41.6	Buy
10/02/23	CIMB	DBS	33.64	35.3	Add
10/06/23	UOB Kay Hian	DBS	33.27	44.35	Buy
10/13/23	Kim Eng	DBS	33.9	39.26	Buy
10/16/23	Citi Research	DBS	33.77	28.7	Sell	GGM, PB1.2x FY24
10/18/23	UOB Kay Hian	DBS	33.45	43.95	Buy	GGM, PB1.79x FY24
11/02/23	Lim & Tan	DBS	33.03	0	Accumulate
11/03/23	DMG & Partners	DBS	32.66	34.7	Neutral
11/03/23	Citi Research	DBS	32.66	29	Sell
11/06/23	Lim & Tan	DBS	33.29	37.68	Accumulate
11/07/23	Kim Eng	DBS	33.75	37.81	Buy	DDM
11/07/23	phillip	DBS	33.75	41.6	Buy	GGM, PB1.9x FY23
11/09/23	UOB Kay Hian	DBS	33.33	44.28	Buy	GGM, PB1.8x FY24
01/02/24	UOB Kay Hian	DBS	33.41	41.65	Buy
01/08/24	phillip	DBS	33.17	41.6	Buy
01/22/24	UOB Kay Hian	DBS	32.05	40.25	Buy	GGM, PB1.56x FY25
01/24/24	CIMB	DBS	31.81	35.3	Hold
01/31/24	Kim Eng	DBS	31.82	37.81	Buy	DDM
02/01/24	Lim & Tan	DBS	31.88	36.34	Accumulate
02/07/24	CIMB	DBS	31.65	35.3	Hold	GGM
02/07/24	Lim & Tan	DBS	31.65	36.3	Accumulate
02/07/24	Citi Research	DBS	31.65	35.4	Buy
02/08/24	DMG & Partners	DBS	32.45	36.1	Buy	GGM, PB1.43x
02/08/24	UOB Kay Hian	DBS	32.45	39.2	Buy	GGM, PB1.87x FY25
02/09/24	phillip	DBS	32.46	38.9	Buy	GGM, PB2.14x FY24
02/09/24	Lim & Tan	DBS	32.46	36.64	Accumulate
02/09/24	Citi Research	DBS	32.46	36.3	Buy	GGM, PB1.4x FY24
03/06/24	Lim & Tan	DBS	33.4	36.44	Accumulate
03/06/24	Citi Research	DBS	33.4	36.8	Buy
03/11/24	phillip	DBS	33.75	38.9	Buy	GGM, PB2.14x FY24
03/11/24	DMG & Partners	DBS	33.75	36.1	Buy	GGM, PB1.43x
03/20/24	OCBC	DBS	34.98	39	Buy
03/20/24	DMG & Partners	DBS	34.98	36.7	Buy
03/26/24	DMG & Partners	DBS	35.5	38.3	Buy	GGM, PB1.52x
03/26/24	Citi Research	DBS	35.5	40.4	Buy
04/01/24	phillip	DBS	36.03	38.9	Buy	GGM, PB2.14x FY24
04/09/24	UOB Kay Hian	DBS	35.55	43.25	Buy	GGM, PB1.68x FY25
04/15/24	DMG & Partners	DBS	36.12	38.3	Buy
04/22/24	OCBC	DBS	36.44	35.45	Hold
04/22/24	Citi Research	DBS	36.44	37.5	Buy

Daiwa House - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/12/23	DBS Vickers	Daiwa House	0.57	0.8	Buy
08/03/23	Lim & Tan	Daiwa House	0.615	0.77	Accumulate
08/04/23	DBS Vickers	Daiwa House	0.61	0.8	Buy
11/03/23	Lim & Tan	Daiwa House	0.52	0.8	Accumulate
12/08/23	DBS Vickers	Daiwa House	0.595	0.8	Buy
01/02/24	DBS Vickers	Daiwa House	0.655	0.8	Buy
01/03/24	Lim & Tan	Daiwa House	0.655	0.8	Accumulate
02/01/24	DBS Vickers	Daiwa House	0.645	0.8	Buy
03/01/24	DBS Vickers	Daiwa House	0.64	0.75	Buy	DCF
04/29/24	Lim & Tan	Daiwa House	0.58	0.75	Accumulate
04/30/24	DBS Vickers	Daiwa House	0.57	0.75	Buy	DCF

Stock calls for 30 April 2024

Date	Analyst	Company	Last	Target	Call	Valuation
04/30/24	CIMB	Capitaland Investment	2.63	4.3	Add
04/30/24	DBS Vickers	CDL Hospitality	0.975	1.45	Buy
04/30/24	DBS Vickers	Daiwa House	0.57	0.75	Buy	DCF
04/30/24	DBS Vickers	Far East Hospitality	0.615	0.8	Buy
04/30/24	DBS Vickers	Ireit	0.325	0.44	Hold
04/30/24	UOB Kay Hian	Mapletree Commercial	1.26	1.89	Buy	DDM
04/30/24	DBS Vickers	Mapletree Logistics	1.34	1.75	Buy	DCF
04/30/24	Lim & Tan	Mapletree Logistics	1.34	1.66	Accumulate
04/30/24	CIMB	SIA	6.55	6.76	Hold	PB
04/30/24	Lim & Tan	Singtel	2.35	3.08	Accumulate on weakness
04/30/24	Citi Research	Singtel	2.35	3	Buy
04/30/24	DBS Vickers	Starhill	0.48	0.68	Buy

What will the US Fed do on 1st May 2024?

According to the Fedwatch tool above, the US Fed is expected to hold its rates on 1st May (FOMC).  This is not surprising because the US inflation is starting to rear its head again.