Jiutian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/12/22	CIMB	Jiutian	0.096	0.18	Add
08/28/23	UOB Kay Hian	Jiutian	0.038	0.18	Buy

Jardine Matheson - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/07/23	Lim & Tan	Jardine Matheson	50.82	65.26	Accumulate
04/05/23	Lim & Tan	Jardine Matheson	48.89	65.46	Accumulate

Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/22	UOB Kay Hian	Japfa	0.585	0.63	Hold	Sum of parts, PER9.1x FY22, Buy @ $0.56
09/01/22	CIMB	Japfa	0.6	0.81	Add	Sum of parts
11/02/22	UOB Kay Hian	Japfa	0.53	0.57	Hold	Sum of parts, PER10.3x FY23
11/02/22	CIMB	Japfa	0.53	0.72	Add	Sum of parts
01/04/23	CIMB	Japfa	0.315	0.42	Add	PER8x FY24, Cut from $0.65
03/07/23	UOB Kay Hian	Japfa	0.245	0.23	Hold	Sum of parts, PER10x FY23
03/07/23	CIMB	Japfa	0.245	0.24	Reduce
08/03/23	CIMB	Japfa	0.22	0.2	Reduce

Stock calls for 9 October 2023

Date	Analyst	Company	Last	Target	Call	Valuation
10/09/23	DBS Vickers	ART	0.895	1.3	Buy
10/09/23	DBS Vickers	Cromwell EUR	1.27	2	Buy
10/09/23	Lim & Tan	CSE Global	0.44	0.6	Buy
10/09/23	UOB Kay Hian	Keppel Reit	0.83	1.06	Buy	DDM
10/09/23	UOB Kay Hian	Mapletree Industrial	2.19	2.76	Buy	DDM

Beware! The US Fed is having a phlebotomy now!

The US Fed is shedding its assets now which will unnerve the treasury and stock markets.  Let's take a look at the US Fed balance sheet now.

The impacts of the FED shedding will be felt later in the treasury and stock markets.

Baltic dry index - 1929

Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 619

Related stock: Sembcorp Marine & Cosco.

Japan Foods - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/04/22	DMG & Partners	Japan Foods	0.425	0.55	Buy	Sum of parts
11/21/22	DMG & Partners	Japan Foods	0.425	0.6	Buy
12/07/22	DMG & Partners	Japan Foods	0.425	0.6	Buy	Sum of parts
03/10/23	DMG & Partners	Japan Foods	0.425	0.6	Buy	Sum of parts
05/29/23	DMG & Partners	Japan Foods	0.435	0.65	Buy
06/27/23	DMG & Partners	Japan Foods	0.43	0.65	Buy	Sum of parts
09/05/23	DMG & Partners	Japan Foods	0.395	0.45	Buy