Stock calls for 16 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/16/23	CIMB	Capitaland Investment	3.5	4.5	Add	RNAV
03/16/23	CIMB	City Developments	7.08	8.97	Add	RNAV
03/16/23	CLSA	DBS	32.97	43.8	Buy	Up from $43.40
03/16/23	DMG & Partners	Food Empire	0.87	1.39	Buy	PER10x FY23
03/16/23	DBS Vickers	GHY	0.42	0.45	Hold	Sum of parts
03/16/23	CLSA	OCBC	12.27	16.2	Buy	Up from $15.80
03/16/23	DBS Vickers	Q&M	0.35	0.36	Hold	Sum of parts
03/16/23	DBS Vickers	Thai Beverage	0.62	0.86	Buy
03/16/23	CLSA	UOB	28.2	39.7	Buy	Up from $37.30
03/16/23	CIMB	UOL	6.47	8	Add	RNAV

US CPI at a glance!

 Latest US CPI: 6% (yoy)

One of the dominant CPI contributors was shelter CPI.

Inflation sector:

The sticky inflation is still at a sky-high level.  Thus, the US FED must continue to hike its rate.

Bumitama - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/22	DMG & Partners	Bumitama	0.555	0.47	Neutral
01/12/22	Kim Eng	Bumitama	0.55	0.93	Buy
02/11/22	DMG & Partners	Bumitama	0.59	0.56	Neutral
02/28/22	DBS Vickers	Bumitama	0.735	0.75	Buy
03/01/22	UOB Kay Hian	Bumitama	0.725	0.85	Buy	PER7x FY22
03/02/22	DMG & Partners	Bumitama	0.76	0.9	Buy	PER8x FY22
03/02/22	Kim Eng	Bumitama	0.76	0.98	Buy
03/22/22	DBS Vickers	Bumitama	0.74	1	Buy	DCF
04/12/22	DBS Vickers	Bumitama	0.765	1	Buy
04/12/22	DMG & Partners	Bumitama	0.765	0.9	Buy
05/13/22	UOB Kay Hian	Bumitama	0.695	0.93	Buy	PER7x FY22
05/13/22	DBS Vickers	Bumitama	0.695	1	Buy
05/13/22	Kim Eng	Bumitama	0.695	0.98	Buy
05/13/22	DMG & Partners	Bumitama	0.695	0.95	Buy	PER8x FY23
06/01/22	DMG & Partners	Bumitama	0.725	0.95	Buy
06/23/22	UOB Kay Hian	Bumitama	0.67	0.65	Hold
08/08/22	Kim Eng	Bumitama	0.63	0.98	Buy
08/11/22	DMG & Partners	Bumitama	0.625	0.71	Buy	PER7x FY23
08/15/22	Kim Eng	Bumitama	0.645	0.88	Buy
08/16/22	DMG & Partners	Bumitama	0.635	0.8	Buy	PER7x FY23
08/18/22	UOB Kay Hian	Bumitama	0.645	0.65	Hold	PER6x FY23
08/18/22	Kim Eng	Bumitama	0.635	0.88	Buy
11/15/22	Kim Eng	Bumitama	0.615	0.88	Buy
11/16/22	UOB Kay Hian	Bumitama	0.64	0.65	Hold	PER6x FY23
11/16/22	DBS Vickers	Bumitama	0.64	1	Buy
11/16/22	DMG & Partners	Bumitama	0.64	0.8	Buy
12/15/22	Kim Eng	Bumitama	0.605	0.89	Buy
03/02/23	UOB Kay Hian	Bumitama	0.615	0.55	Hold	PER6x FY23
03/02/23	DBS Vickers	Bumitama	0.615	1	Buy
03/02/23	Kim Eng	Bumitama	0.615	0.84	Buy
03/02/23	DMG & Partners	Bumitama	0.615	0.66	Neutral	PER7x FY23

Bukit Sembawang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/22	DBS Vickers	Bukit Sembawang	4.96	5.92	Buy
05/30/22	Lim & Tan	Bukit Sembawang	5.18	5.92	Accumulate
06/28/22	DBS Vickers	Bukit Sembawang	4.91	5.92	Buy	RNAV (45% discount)
07/06/22	Lim & Tan	Bukit Sembawang	4.9	5.92	Buy

Broadway - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/22/22	Lim & Tan	Broadway	0.2	0	Accumulate