Stock calls for 13 May 2024

Date	Analyst	Company	Last	Target	Call	Valuation
05/13/24	Phillip	BRC Asia	2.06	2.27	Accumulate	DCF
05/13/24	CIMB	Centurion	0.51	0.65	Add	RNAV
05/13/24	Lim & Tan	Centurion	0.51	0.62	Accumulate
05/13/24	Lim & Tan	Civmec	0.78	1.14	Accumulate
05/13/24	DBS Vickers	Comfortdelgro	1.44	1.8	Buy	Sum of parts
05/13/24	CIMB	CSE Global	0.415	0.57	Add
05/13/24	Kim Eng	CSE Global	0.415	0.64	Buy
05/13/24	Kim Eng	Dyna-Mac	0.37	0.46	Buy
05/13/24	Amfrasers	Fortress Minerals	0.3	0.4	outperform	DCF & EV/Resource3.6x
05/13/24	DBS Vickers	Frasers Property	0.8	1.2	Buy	RNAV (60% disc)
05/13/24	DBS Vickers	Genting	0.885	1.15	Buy
05/13/24	CIMB	Genting	0.885	1.3	Add
05/13/24	Citi Research	Genting	0.885	1.16	Buy
05/13/24	Kim Eng	Genting	0.885	1.1	Buy
05/13/24	OCBC	Genting	0.885	1.17	Buy
05/13/24	DBS Vickers	GuocoLand	1.52	2.3	Buy	RNAV (60% disc)
05/13/24	DBS Vickers	Keppel Corp	6.73	9	Buy	Sum of parts
05/13/24	CIMB	Kimly	0.31	0.34	Hold
05/13/24	UOB Kay Hian	OCBC	14.12	18.1	Buy	GGM, PB1.36x FY25
05/13/24	DBS Vickers	OCBC	14.12	14.9	Hold	GGM, PB1x FY24
05/13/24	phillip	OCBC	14.12	15.4	Accumulate	GGM
05/13/24	DMG & Partners	OCBC	14.12	14.8	Neutral	GGM, PB1.13x
05/13/24	phillip	Prime US Reit	0.111	0.12	Accumulate	DDM, PB0.2x
05/13/24	UOB Kay Hian	Riverstone	0.885	1	Buy	PER18x FY25
05/13/24	DMG & Partners	Riverstone	0.885	1.05	Buy	DCF
05/13/24	DBS Vickers	SIA Engineering	2.29	2.8	Buy	Sum of parts
05/13/24	DBS Vickers	ST Engineering	3.98	4.8	Buy
05/13/24	DBS Vickers	UMS	1.32	1.84	Buy
05/13/24	Kim Eng	UMS	1.32	0.88	Sell
05/13/24	Citi Research	UOB	30.34	33.2	Buy	GGM, PB1.2x FY24

US consumer outlook is getting worse and the US consumers are expecting higher inflation.

Things are looking bad for the US economy now.  The US consumer sentiment is getting worse and the inflation expectations are rising.  This will be a double whammy for the US!

Baltic dry index - 2129

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 603

Related stock: Seatrium & Cosco.

GKE - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/15/23	CIMB	GKE	0.072	0.07	Hold	Sum of parts, Cut from $0.09
07/31/23	CIMB	GKE	0.072	0.076	Hold	Sum of parts
01/18/24	CIMB	GKE	0.07	0.08	Hold	Sum of parts

Geo Energy - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/24	Amfrasers	Geo Energy	0.335	0.8	outperform	DCF
03/05/24	Amfrasers	Geo Energy	0.36	0.72	outperform	DCF