Bumitama - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
04/06/23	Kim Eng	Bumitama	0.59	0.84	Buy
05/15/23	Kim Eng	Bumitama	0.595	0.84	Buy	PER8x FY23
05/15/23	DMG & Partners	Bumitama	0.595	0.6	Neutral	PER7x FY23
05/15/23	UOB Kay Hian	Bumitama	0.595	0.55	Hold	PER6x FY23
07/12/23	DBS Vickers	Bumitama	0.59	0.9	Buy	DCF
07/24/23	DMG & Partners	Bumitama	0.58	0.61	Neutral	PER8x FY24
07/26/23	UOB Kay Hian	Bumitama	0.59	0.7	Buy	PER6x FY24
08/14/23	Kim Eng	Bumitama	0.56	0.89	Buy
09/04/23	UOB Kay Hian	Bumitama	0.55	0.65	Buy	PER6x FY24
09/12/23	Kim Eng	Bumitama	0.57	0.89	Buy
10/23/23	OCBC	Bumitama	0.56	0.67	Buy
11/01/23	UOB Kay Hian	Bumitama	0.57	0.65	Buy	PER6x FY24
11/15/23	Kim Eng	Bumitama	0.61	0.94	Buy	PER8x FY23
11/20/23	DMG & Partners	Bumitama	0.62	0.7	Buy
11/28/23	UOB Kay Hian	Bumitama	0.605	0.7	Buy	PER6x FY24
01/05/24	DBS Vickers	Bumitama	0.6	0.9	Buy	PER8.1x FY24
01/05/24	OCBC	Bumitama	0.6	0.73	Buy
02/28/24	UOB Kay Hian	Bumitama	0.65	0.7	Buy	PER6x FY24
02/28/24	OCBC	Bumitama	0.65	0.74	Buy
02/28/24	DMG & Partners	Bumitama	0.65	0.7	Buy
04/03/24	UOB Kay Hian	Bumitama	0.705	0.7	Buy	PER6x FY24
04/03/24	OCBC	Bumitama	0.705	0.785	Buy
04/19/24	DBS Vickers	Bumitama	0.76	0.9	Buy

Bukit Sembawang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/24/23	Lim & Tan	Bukit Sembawang	4.05	5.92	Buy

Stock calls for 22 April 2024

Date	Analyst	Company	Last	Target	Call	Valuation
04/22/24	Uob Kay Hian	Capitaland Integrated Commercial Trust	1.86	2.34	Buy	DDM
04/22/24	CIMB	Capitaland Integrated Commercial Trust	1.86	2.18	Add	DDM
04/22/24	OCBC	DBS	36.44	35.45	Hold
04/22/24	Citi Research	DBS	36.44	37.5	Buy
04/22/24	UOB Kay Hian	Keppel DC Reit	1.64	2.15	Buy	DDM
04/22/24	Phillip	Keppel DC Reit	1.64	1.86	Accumulate	DDM
04/22/24	Kim Eng	Singtel	2.35	3.05	Buy
04/22/24	DBS Vickers	Starhub	1.19	1.54	Buy	DCF
04/22/24	UOB Kay Hian	Wilmar	3.37	3.35	Hold	Sum of parts

Baltic dry index - 1919

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 619

Related stock: Seatrium and Cosco.

China continues to cut its US treasuries to US$775B.

China will continue to cut its US treasuries because of derisking and dedollarizing to avoid sanctions and confiscations in the future.  Furthermore, the real US economic situation is deteriorating as its debts are piling faster than its GDP growth.