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Thursday, February 29, 2024

US GDP Q4 2023 Update.

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


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.

Wednesday, February 28, 2024

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