Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/10/23	DMG & Partners	Raffles Medical	1.46	1.75	Buy	DCF
06/08/23	UOB Kay Hian	Raffles Medical	1.32	1.9	Buy	PER26x FY23
06/08/23	DMG & Partners	Raffles Medical	1.32	1.75	Buy	DCF
07/03/23	CIMB	Raffles Medical	1.36	1.75	Add	EV/Ebitda24x FY24
07/20/23	DMG & Partners	Raffles Medical	1.32	1.75	Buy
07/28/23	UOB Kay Hian	Raffles Medical	1.34	1.9	Buy	PER26x FY23
07/31/23	DBS Vickers	Raffles Medical	1.34	1.48	Hold
08/01/23	UOB Kay Hian	Raffles Medical	1.4	1.7	Buy	PER29x FY23
08/01/23	DMG & Partners	Raffles Medical	1.4	1.75	Buy	DCF
08/02/23	phillip	Raffles Medical	1.32	1.76	Buy	DCF
08/02/23	CIMB	Raffles Medical	1.32	1.77	Add
08/02/23	Kim Eng	Raffles Medical	1.32	1.65	Buy
09/08/23	UOB Kay Hian	Raffles Medical	1.25	1.7	Buy	PER29x FY23
10/02/23	DMG & Partners	Raffles Medical	1.25	1.75	Buy	DCF
10/03/23	DBS Vickers	Raffles Medical	1.26	1.48	Hold
10/03/23	Lim & Tan	Raffles Medical	1.26	1.71	Buy
10/04/23	Kim Eng	Raffles Medical	1.23	1.65	Buy	DCF
10/23/23	UOB Kay Hian	Raffles Medical	1.18	1.47	Buy	PER29x FY24
11/06/23	DBS Vickers	Raffles Medical	1.2	1.48	Hold
11/07/23	DBS Vickers	Raffles Medical	1.07	1	Hold	Sum of parts, PER25x
11/07/23	UOB Kay Hian	Raffles Medical	1.07	1.15	Hold	PER29x FY24
11/08/23	phillip	Raffles Medical	1.02	1.02	Neutral	DCF
11/08/23	Kim Eng	Raffles Medical	1.02	1.3	Hold
11/08/23	CIMB	Raffles Medical	1.02	1.2	Add	PER29.2x FY24
01/05/24	CIMB	Raffles Medical	1.07	1.2	Add
02/26/24	DBS Vickers	Raffles Medical	1.05	1	Hold
02/26/24	Lim & Tan	Raffles Medical	1.05	1.1	Hold
02/27/24	UOB Kay Hian	Raffles Medical	1.01	1.15	Hold
02/27/24	DMG & Partners	Raffles Medical	1.01	1.06	Neutral	Sum of parts
02/28/24	phillip	Raffles Medical	1.02	0.96	Neutral	DCF
04/04/24	Lim & Tan	Raffles Medical	1.06	1.1	Neutral
06/05/24	DMG & Partners	Raffles Medical	1.02	1.06	Neutral	Sum of parts

Q&M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/16/23	DBS Vickers	Q&M	0.29	0.36	Hold
08/24/23	Kim Eng	Q&M	0.285	0.31	Hold
08/28/23	phillip	Q&M	0.29	0.34	Accumulate	PER25x FY23
08/31/23	CIMB	Q&M	0.29	0.35	Add
03/13/24	CIMB	Q&M	0.235	0.37	Add
03/18/24	phillip	Q&M	0.245	0.36	Buy	PER20x FY24
05/30/24	Amfrasers	Q&M	0.24	0.35	outperform	DCF

Stock calls for 7 June 2024

Date	Analyst	Company	Last	Target	Call	Valuation
06/07/24	Kim Eng	Capitaland Integrated Commercial Trust	1.99	2.05	Buy	DDM
06/07/24	DMG & Partners	Dairy Farm	1.94	2.81	Buy	Sum of parts
06/07/24	CIMB	Japfa	0.32	0.37	Add	PB
06/07/24	UOB Kay Hian	LHN	0.33	0.4	Buy	PER9x FY24
06/07/24	Lim & Tan	Sembcorp Industries	5.06	7	Accumulate

The US is already in a recession on the main street. - Part 2

Citibank has just announced that the US is already in a recession.

We had stated previously that the US would be in a recession in 2024 because of the lagging economic statistics.

https://sg-stock.blogspot.com/2023/12/the-us-is-already-in-recession-on-main.html

Propnex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/29/23	UOB Kay Hian	Propnex	1.07	1.16	Buy	Ex-Bonus 1-for-1, PER11.1x
06/05/23	Kim Eng	Propnex	1.02	1.2	Buy
08/11/23	UOB Kay Hian	Propnex	1.05	1.23	Buy	PER11.3x
08/11/23	DBS Vickers	Propnex	1.05	1.09	Hold	PER12x FY24
08/14/23	phillip	Propnex	1.03	1.16	Accumulate	DCF
08/14/23	Kim Eng	Propnex	1.03	1.15	Buy	PER15x FY24
08/24/23	Lim & Tan	Propnex	0.95	1.15	Accumulate
03/01/24	Kim Eng	Propnex	0.875	0.94	Hold
03/04/24	phillip	Propnex	0.865	0.97	Accumulate	DCF
03/05/24	UOB Kay Hian	Propnex	0.875	1.04	Buy	PER11.1x
04/19/24	UOB Kay Hian	Propnex	0.92	1.04	Buy
05/20/24	DBS Vickers	Propnex	0.87	0.95	Hold	PER12x FY24