Sunday, July 28, 2024
Friday, July 26, 2024
Hong Fok - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/04/23 | UOB Kay Hian | Hong Fok | 1.01 | 1.9 | Buy |
Ho Bee - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/17/23 | Lim & Tan | Ho Bee | 2.01 | 3.8 | Accumulate |
Guocoland - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/04/23 | DBS Vickers | GuocoLand | 1.52 | 2.3 | Buy | |
08/30/23 | DBS Vickers | GuocoLand | 1.5 | 2.3 | Buy | RNAV (60% disc) |
09/07/23 | DBS Vickers | GuocoLand | 1.53 | 2.3 | Buy | RNAV (60% disc) |
01/31/24 | DBS Vickers | GuocoLand | 1.47 | 2.3 | Buy | RNAV (60% disc) |
05/13/24 | DBS Vickers | GuocoLand | 1.52 | 2.3 | Buy | RNAV (60% disc) |
Stock calls for 26 July 2024
Date | Analyst | Company | Last | Target | Call | Valuation |
07/26/24 | Lim & Tan | ART | 0.9 | 1.21 | Accumulate | |
07/26/24 | Lim & Tan | First Reit | 0.255 | 0 | Accumulate | |
07/26/24 | Phillip | Frasers Centrepoint Trust | 2.18 | 2.38 | Accumulate | DDM |
07/26/24 | DMG & Partners | Frasers Centrepoint Trust | 2.18 | 2.35 | Neutral | DDM |
07/26/24 | DBS Vickers | Ifast Corp | 7.11 | 9.57 | Buy | DCF |
07/26/24 | Citi Research | Keppel DC Reit | 1.89 | 1.91 | Buy | |
07/26/24 | OCBC | Mapletree Logistics | 1.28 | 1.65 | Buy | |
07/26/24 | Citi Research | Mapletree Logistics | 1.28 | 1.58 | Buy | DDM & RNAV |
07/26/24 | CIMB | Mapletree Logistics | 1.28 | 1.63 | Add | |
07/26/24 | phillip | OUE Commercial | 0.275 | 0.33 | Buy | DDM |
07/26/24 | Kiatnakin | Thai Beverage | 0.5 | 0.81 | Buy | |
07/26/24 | JPM | Thai Beverage | 0.5 | 0.64 | Overweight | |
07/26/24 | HSBC | Thai Beverage | 0.5 | 0.59 | Buy |
Thursday, July 25, 2024
US Q2 GDP, Core PCE and durable goods economic statistics!
The US Q2 2024 GDP increased by 2.8%. Let's break it down to see what had changed from Q1.
GDP = Government spending + Investment + Consumption + Net Export
Q2 GDP (1st estimate) = 0.53 + 1.46 + 1.57 + (-0.72) = 2.84 (2.8)
We can see that Q2 GDP has improved compared to Q1 GDP with 3 components (G, I & C) increasing and 1 component (NE) decreasing.
The Q2 Core PCE had also decreased to 2.9% which meant that US inflation was declining which was favourable for a rate cut in 2024.
However, the durable goods order excluding defence declined by 7% in June 2024 which meant that consumers were cutting back on big ticket items such as cars, houses, home appliances, etc. If this decline continues, the Q3 GDP is likely to be lower than Q2.
Great Eastern - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
06/14/24 | EY | Great Eastern | 26.17 | 25.6 | Accept Offer | Offer @ $25.60 |
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