BRC Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/11/23	DBS Vickers	BRC Asia	1.65	2.22	Buy
05/11/23	CIMB	BRC Asia	1.65	2.2	Add
05/12/23	Lim & Tan	BRC Asia	1.65	0	Neutral
05/17/23	DBS Vickers	BRC Asia	1.64	1.89	Buy	PER8x FY23/24
05/18/23	Phillip	BRC Asia	1.63	1.99	Buy	DCF
05/18/23	UOB Kay Hian	BRC Asia	1.63	1.73	Hold	PER7x FY23
08/07/23	DBS Vickers	BRC Asia	1.67	1.89	Buy
08/11/23	Phillip	BRC Asia	1.68	1.99	Buy
08/17/23	UOB Kay Hian	BRC Asia	1.66	1.73	Hold	PER7x FY23
11/22/23	DBS Vickers	BRC Asia	1.65	1.89	Buy
11/22/23	CIMB	BRC Asia	1.65	2.3	Add	PER6x FY24
12/06/23	Phillip	BRC Asia	1.74	1.99	Buy
12/06/23	DBS Vickers	BRC Asia	1.74	2	Buy	PER8x FY24
12/12/23	UOB Kay Hian	BRC Asia	1.74	2.07	Buy	PER7x FY24
01/12/24	Lim & Tan	BRC Asia	1.8	2.09	Accumulate
01/16/24	CIMB	BRC Asia	1.82	2.3	Add
02/07/24	CIMB	BRC Asia	1.84	2.3	Add
02/13/24	Phillip	BRC Asia	1.86	1.99	Accumulate	DCF
04/15/24	UOB Kay Hian	BRC Asia	1.94	2.42	Buy	PER7.5x
05/09/24	Lim & Tan	BRC Asia	1.97	2.3	Buy
05/10/24	CIMB	BRC Asia	2.01	2.5	Add
05/13/24	Phillip	BRC Asia	2.06	2.27	Accumulate	DCF
06/21/24	UOB Kay Hian	BRC Asia	2.12	2.42	Buy
08/08/24	CIMB	BRC Asia	2.16	2.4	Add	PB
08/26/24	Phillip	BRC Asia	2.21	2.27	Accumulate	DCF
09/10/24	UOB Kay Hian	BRC Asia	2.29	2.29	Hold

Boustead - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/08/23	CIMB	Boustead	0.82	1.4	Add	Sum of parts
09/25/23	OCBC	Boustead	0.84	1.05	Buy	Sum of parts
11/16/23	OCBC	Boustead	0.86	1.2	Buy
12/01/23	CIMB	Boustead	0.83	1.3	Add	Sum of parts
05/08/24	OCBC	Boustead	0.935	1.2	Buy
05/30/24	OCBC	Boustead	1.03	1.47	Buy
07/12/24	Lim & Tan	Boustead	1.04	1.4	Accumulate

Beng Kuang Marine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/08/24	Kim Eng	Beng Kuang Marine	0.28	0.47	Buy
08/06/24	Kim Eng	Beng Kuang Marine	0.24	0.29	Buy

Stock calls for 17 September 2024

Date	Analyst	Company	Last	Target	Call	Valuation
09/17/24	CIMB	Capitaland Investment	2.91	4.3	Add	RNAV
09/17/24	CIMB	City Developments	5.45	8.97	Add	RNAV
09/17/24	DMG & Partners	Food Empire	0.975	1.23	Buy	PER9x FY25
09/17/24	Kim Eng	Marco Polo	0.054	0.08	Buy
09/17/24	Lim & Tan	Nanofilm	0.82	0.6	Sell
09/17/24	DBS Vickers	SIA	6.5	6.4	Hold	EV/Ebitda5x FY25/26
09/17/24	UOB Kay Hian	SIA	6.5	5.83	Sell	PB
09/17/24	Lim & Tan	United Hampshire	0.475	0.62	Accumulate
09/17/24	CIMB	UOL	5.64	8.2	Add	RNAV

The market is projecting a 50bps Fed rate cut now!

The market has changed this week compared to last week from 50-50% to 67-33%.

However, we still stand by our projection of a 25bps rate cut because the Fed's dual mandates are to control inflation and ensure employment.  Both these 2 factors are not in a dire strait to warrant a 50bps cut unless the US is fudging the inflation and employment data.

Banyan Tree - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/25/23	Amfrasers	Banyan Tree	0.4	0.415	Buy
04/04/24	Amfrasers	Banyan Tree	0.385	0.41	Buy