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Monday, March 4, 2024

Stock calls for 4 March 2024

Date

Analyst

Company

Last

Target

Call

Valuation

03/04/24

CIMB

APAC Realty

0.44

0.54

Add

DCF

03/04/24

Phillip

Capitaland Investment

2.71

3.38

Buy

Sum of parts

03/04/24

Phillip

China Aviation Oil

0.905

1.05

Buy

DCF

03/04/24

UOB Kay Hian

Civmec

0.74

1.23

Buy

PER11x FY24

03/04/24

UOB Kay Hian

Comfortdelgro

1.36

1.58

Buy

PER15x FY24

03/04/24

phillip

Comfortdelgro

1.36

1.63

Buy

DCF

03/04/24

UOB Kay Hian

Delfi

0.965

1.07

Hold

PER11x FY24

03/04/24

DMG & Partners

Food Empire

1.44

1.75

Buy

PER11x FY24

03/04/24

UOB Kay Hian

Mapletree Industrial

2.26

2.98

Buy

DDM

03/04/24

UOB Kay Hian

Marco Polo

0.055

0.07

Buy

PER9x FY24

03/04/24

phillip

Propnex

0.865

0.97

Accumulate

DCF

03/04/24

UOB Kay Hian

SATS

2.66

3.22

Buy

PER16.8x FY26

03/04/24

phillip

SATS

2.66

2.31

Reduce

DCF

03/04/24

UOB Kay Hian

Sembcorp Industries

5.09

7.49

Buy

PER13.6x

03/04/24

UOB Kay Hian

Singtel

2.34

2.99

Buy

DCF

03/04/24

Phillip

ST Engineering

3.97

4.5

Accumulate


03/04/24

DMG & Partners

ST Engineering

3.97

4.5

Buy

Sum of parts

03/04/24

Lim & Tan

ST Engineering

3.97

0

Accumulate


03/04/24

UOB Kay Hian

Venture

14

16.37

Buy

PER17x FY24

Saturday, March 2, 2024

Baltic dry index - 2203

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 629

Related stock: Seatrium & Cosco.

US ISM PMI had continued to contract in February 2024.

 PMI: 47.8

PMI process chart:
From the PMI process chart, we could see that there was a significant drop in new local order (est'd -9.7) which caused the new order to drop to 49.2 (-3.3).  This drop in local consumption corroborated with our earlier warning for the waning US consumption (see below).


The US PMI had been contracting for the the past 16 months and this would definitely impact the US economy.  The recession risk will get higher as the PMI contracts over a longer period.

Friday, March 1, 2024

Hour Glass - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

05/26/23

DBS Vickers

Hour Glass

2

2.12

Hold


Hotel Properties - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

02/20/23

DBS Vickers

Hotel Properties

3.54

4.35

Buy

RNAV (25% disc)

03/02/23

DBS Vickers

Hotel Properties

3.55

4.35

Buy

RNAV (25% disc)

06/13/23

DBS Vickers

Hotel Properties

3.91

4.35

Buy

RNAV (25% disc)

08/29/23

DBS Vickers

Hotel Properties

3.9

4.35

Buy

RNAV (25% disc)