Stock calls for 13 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/13/23	Kim Eng	DBS	33.18	39.12	Buy
03/13/23	Lim & Tan	DBS	33.18	0	Accumulate
03/13/23	Lim & Tan	Grand Bank	0.305	0	Buy
03/13/23	Kim Eng	OCBC	12.37	13.58	Hold
03/13/23	Lim & Tan	OCBC	12.37	0	Accumulate
03/13/23	Kim Eng	Propnex	1.87	2.2	Buy	PER14x FY23
03/13/23	phillip	Q&M	0.35	0.47	Buy	PER25x FY22
03/13/23	UOB Kay Hian	SATS	2.42	3.02	Buy	EV/Ebitda9.7x FY25
03/13/23	DBS Vickers	Thai Beverage	0.64	0.87	Buy	DCF
03/13/23	Kim Eng	UOB	28.68	31.73	Buy
03/13/23	Lim & Tan	UOB	28.68	0	Accumulate
03/13/23	DMG & Partners	Wilmar	3.94	4.65	Buy

The recent US job gains were mostly in the service sector.

Here's the breakdown for the recent 311,000 job gains:

We can see that the job gains are mostly in the service sector.

Many analysts had underestimated the US inflation.

The Citi US inflation surprise index showed that the real US inflation exceeded many analysts' projections in February 2023.  We could also infer from this chart that the FED governors had underestimated the US inflation too.  Thus, it is safer for the US FED to hike by 50bp for the March FOMC.  The next week economic statistics will be critical for the upcoming FOMC decision.

Baltic dry index - 1424

Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 746

 Related stock: Sembcorp Marine & Cosco.

Avi-Tech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/11/22	Lim & Tan	Avi-Tech	0.36	0	Accumulate
02/15/22	DMG & Partners	Avi-Tech	0.36	0.42	Buy
03/17/22	DMG & Partners	Avi-Tech	0.33	0.42	Buy
07/22/22	DMG & Partners	Avi-Tech	0.29	0.42	Buy
08/24/22	Lim & Tan	Avi-Tech	0.295	0	Hold

Audience Analytics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/09/23	Lim & Tan	Audience Analytics	0.31	0.425	Buy	Sum of parts, PER10.6x FY23

Asia Enterprise - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/10/23	Lim & Tan	Asia Enterprise	0.159	0	Accumulate

Stock calls for 10 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/23	UOB Kay Hian	BRC Asia	1.77	1.66	Hold	PER7x FY23
03/10/23	DBS Vickers	City Developments	7.38	10.5	Buy
03/10/23	Lim & Tan	DBS	33.49	39.6	Overweight
03/10/23	Lim & Tan	Del Monte	0.32	0.67	Buy
03/10/23	DMG & Partners	Japan Foods	0.425	0.6	Buy	Sum of parts
03/10/23	CIMB	Q&M	0.355	0.42	Add
03/10/23	Kim Eng	Q&M	0.355	0.37	Hold	Cut from $0.40, PER22x FY23
03/10/23	OCBC	Yanlord	0.935	0.97	Hold

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/27/22	DBS Vickers	Ascendas India Trust	1.38	1.7	Buy	DDM
01/28/22	Jefferies	Ascendas India Trust	1.28	1.65	Buy
03/24/22	Lim & Tan	Ascendas India Trust	1.21	1.6	Buy
04/26/22	DBS Vickers	Ascendas India Trust	1.28	1.7	Buy
07/15/22	DBS Vickers	Ascendas India Trust	1.13	1.7	Buy
07/15/22	Lim & Tan	Ascendas India Trust	1.13	1.51	Buy
08/02/22	DBS Vickers	Ascendas India Trust	1.2	1.7	Buy	DDM
11/01/22	DBS Vickers	Ascendas India Trust	1.12	1.5	Buy
12/07/22	Lim & Tan	Ascendas India Trust	1.15	1.4	Buy
12/13/22	DBS Vickers	Ascendas India Trust	1.12	1.5	Buy
12/30/22	Citi Research	Ascendas India Trust	1.12	1.5	Buy	Sum of parts
01/18/23	DBS Vickers	Ascendas India Trust	1.17	1.5	Buy
02/07/23	Lim & Tan	Ascendas India Trust	1.19	0	Hold
02/08/23	DBS Vickers	Ascendas India Trust	1.18	1.5	Buy