OUE Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/05/23	DBS Vickers	OUE Commercial	0.33	0.35	Hold
07/27/23	DBS Vickers	OUE Commercial	0.305	0.35	Hold
08/02/23	CIMB	OUE Commercial	0.295	0.36	Hold	DDM
10/31/23	DBS Vickers	OUE Commercial	0.225	0.35	Buy	DCF
10/31/23	Lim & Tan	OUE Commercial	0.225	0.35	Accumulate
01/24/24	DBS Vickers	OUE Commercial	0.27	0.35	Buy
04/25/24	DBS Vickers	OUE Commercial	0.27	0.35	Buy
04/26/24	CIMB	OUE Commercial	0.275	0.3	Hold	DDM
05/31/24	Amfrasers	OUE Commercial	0.27	0.31	outperform	DDM
06/24/24	phillip	OUE Commercial	0.26	0.33	Buy	DDM
07/16/24	Kim Eng	OUE Commercial	0.29	0.3	Buy
07/22/24	phillip	OUE Commercial	0.3	0.33	Buy	DDM
07/25/24	Lim & Tan	OUE Commercial	0.29	0.32	Accumulate on weakness
07/26/24	phillip	OUE Commercial	0.275	0.33	Buy	DDM
07/29/24	DBS Vickers	OUE Commercial	0.285	0.33	Buy	DCF
08/22/24	Amfrasers	OUE Commercial	0.285	0.31	outperform	DDM
08/26/24	phillip	OUE Commercial	0.28	0.33	Buy	DDM
09/23/24	phillip	OUE Commercial	0.325	0.4	Buy	DDM
10/18/24	phillip	OUE Commercial	0.31	0.4	Buy	DDM
10/24/24	Lim & Tan	OUE Commercial	0.3	0.36	Accumulate

Stock calls for 4 November 2024

Date	Analyst	Company	Last	Target	Call	Valuation
11/04/24	Kim Eng	ART	0.905	1.15	Buy	DDM
11/04/24	Kim Eng	Aztech	0.75	0.78	Hold
11/04/24	Lim & Tan	CSE Global	0.43	0.6	Accumulate
11/04/24	UOB Kay Hian	Far East Hospitality	0.62	0.82	Buy	DDM
11/04/24	phillip	First Reit	0.27	0.3	Buy	DDM
11/04/24	CIMB	Frencken	1.16	1.55	Add
11/04/24	DBS Vickers	Japfa	0.39	0.56	Buy
11/04/24	DBS Vickers	Keppel Reit	0.895	1.15	Buy
11/04/24	CIMB	Mapletree Industrial	2.4	2.82	Add	DDM
11/04/24	MorningStar	Mapletree Industrial	2.4	2.3	Hold
11/04/24	Kim Eng	Marco Polo	0.057	0.08	Buy
11/04/24	phillip	Sheng Siong	1.6	1.74	Accumulate	PER18x FY25
11/04/24	Citi Research	Singtel	3.1	3.6	Buy
11/04/24	OCBC	Starhill	0.505	0.55	Buy
11/04/24	DBS Vickers	Wilmar	3.08	3.8	Buy
11/04/24	DMG & Partners	Wilmar	3.08	3	Neutral	Sum of parts

Baltic dry index - 1378

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 585

Related stock: Seatrium & Cosco.
 

The ISM PMI had continued to decline in October 2024.

The prices increased to 54.8 (+6.5) because of higher employment (44.4, +0.5) and higher wages.

The producers reduced their production (46.2, -3.6) but focused on fulfilling the backlog of order (42.3, -1.8).  Consequently, this had resulted in the reduction of customers’ inventories (46.8, -3.2), inventories (42.6, -1.3) and local raw material (Est’d -1.3).

The marginal increases in new order (47.1, +1), new export order (45.5, +0.2) and new local order (Est’d +0.8) could not reverse the significant declines in other subcomponents and resulted in an overall decline of the PMI to 46.5 (-0.7).

The latest PMI showed that the US economy was still weakening despite the outstanding stock market performance.

Ossia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/14/24	Lim & Tan	Ossia	0.15	0	Reject Offer	Offer @ $0.145
07/17/24	Lim & Tan	Ossia	0.155	0.145	Accept Offer

Oiltek - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/10/24	phillip	Oiltek	0.365	0.7	Buy
08/07/24	phillip	Oiltek	0.445	0.7	Buy	PER15x FY24
11/01/24	phillip	Oiltek	0.56	0.7	Buy	PER15x FY24