US GDP Q4 2023 Update.

US had revised its Q4 2023 GDP growth to 3.2%.  Let's see what had changed.

https://sg-stock.blogspot.com/2024/01/us-gdp-grew-33-in-q4-2023-and-25-for.html

Previous Q4 2023:

Q4GDP Growth (3.3) = 0.56 (G)+0.38 (I)+1.91 (C)+0.43 (NE) = 3.28(3.3)

Current Q4 2023:

Q4GDP Growth (3.2) = 0.73 (G)+0.17 (I)+2 (C)+0.32 (NE) = 3.22(3.2)

From the revision, we can see that Investment(I) and Net Export(NE) had declined while Government spending and Consumption had increased.

Warning: US consumption had started to slow down in January 2024.

Let's take a look at 2 recent economic statistics that showed US consumption had started to slow down in January 2024.

The US consumer confidence index had dipped in January 2024.

The US durable goods (ex-defence) had declined by 7.3% (m-o-m) in January 2024.

Guocoland - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/23	DBS Vickers	GuocoLand	1.62	2.3	Buy
04/05/23	DBS Vickers	GuocoLand	1.63	2.3	Buy
04/14/23	Lim & Tan	GuocoLand	1.63	2.3	Overweight
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)

Grand Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/23	CIMB	Grand Venture	0.52	0.52	Hold	PER10.4x FY24
02/21/23	DBS Vickers	Grand Venture	0.52	0.57	Buy
02/22/23	DBS Vickers	Grand Venture	0.525	0.6	Buy	PER12x FY23/24
05/10/23	DBS Vickers	Grand Venture	0.49	0.6	Buy
05/10/23	Lim & Tan	Grand Venture	0.49	0.57	Buy
05/12/23	DBS Vickers	Grand Venture	0.5	0.56	Buy	PER12x FY24
05/17/23	CIMB	Grand Venture	0.505	0.54	Hold	PER10.4x FY24
07/11/23	CIMB	Grand Venture	0.51	0.51	Hold
08/11/23	DBS Vickers	Grand Venture	0.615	0.71	Buy	PER18x FY24
08/11/23	CIMB	Grand Venture	0.615	0.51	Hold
09/26/23	CIMB	Grand Venture	0.565	0.51	Reduce	PER11.3x CY24
10/19/23	CIMB	Grand Venture	0.515	0.62	Add	PER11.6x FY25
11/16/23	DBS Vickers	Grand Venture	0.495	0.71	Buy	PER18x FY24
11/17/23	DBS Vickers	Grand Venture	0.495	0.6	Buy	PER18x FY24
12/01/23	DBS Vickers	Grand Venture	0.505	0.6	Buy
01/05/24	CIMB	Grand Venture	0.535	0.62	Add	PER11.6x FY25
02/26/24	DBS Vickers	Grand Venture	0.485	0.58	Buy	PER18x FY24/25
02/27/24	CIMB	Grand Venture	0.485	0.62	Add