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Sunday, June 30, 2024

The US economy is slowing down more than expected.

How do we interpret the Citi's economic surprise index (ESI)?

If the ESI is in a negative zone, it means that the real economy is performing worse than expectation (underperforming).  Conversely, when the ESI is in a positive territory, it means that the real economy is performing better than expectation (outperforming).

Currently, the ESI is around -30 and this shows that the US economy is underperforming.  How much higher can the US stock market move further when the real economy is underperforming?

Baltic dry index - 2050

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 581

Related stock: Seatrium & Cosco.

Friday, June 28, 2024

17Live Group - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

04/08/24

Phillip

17Live Group

1.03

2.3

Buy

DCF

Yanlord - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

08/15/23

DBS Vickers

Yanlord

0.735

1.06

Buy


08/17/23

DBS Vickers

Yanlord

0.715

0.89

Buy

RNAV (62% disc)

03/01/24

DBS Vickers

Yanlord

0.47

0.67

Buy

RNAV (74% disc)

05/20/24

DBS Vickers

Yanlord

0.495

0.67

Buy


Yangzijiang Shipping - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

06/26/23

DBS Vickers

Yangzijiang Shipping

1.26

1.7

Buy

PB1.7x FY23

06/26/23

Lim & Tan

Yangzijiang Shipping

1.26

1.63

Buy


06/27/23

CIMB

Yangzijiang Shipping

1.35

1.66

Add

PB1.7x FY23

06/28/23

UOB Kay Hian

Yangzijiang Shipping

1.45

1.65

Buy

PER8.7x FY23/24

07/20/23

UOB Kay Hian

Yangzijiang Shipping

1.49

1.65

Buy


08/07/23

UOB Kay Hian

Yangzijiang Shipping

1.58

1.88

Buy

PER9.9x

08/07/23

CIMB

Yangzijiang Shipping

1.58

1.87

Add


08/07/23

Citi Research

Yangzijiang Shipping

1.58

1.84

Buy

PER10x FY24

08/08/23

DBS Vickers

Yangzijiang Shipping

1.66

1.9

Buy

PB1.7x FY23

09/21/23

CIMB

Yangzijiang Shipping

1.67

1.96

Add


09/26/23

UOB Kay Hian

Yangzijiang Shipping

1.71

1.88

Buy


11/03/23

DBS Vickers

Yangzijiang Shipping

1.49

1.9

Buy


11/06/23

UOB Kay Hian

Yangzijiang Shipping

1.52

1.92

Buy

PER10.1x

12/08/23

UOB Kay Hian

Yangzijiang Shipping

1.47

1.92

Buy

PER9.9x

12/12/23

CIMB

Yangzijiang Shipping

1.47

1.96

Add


01/18/24

DBS Vickers

Yangzijiang Shipping

1.58

1.9

Buy

PB1.7x FY24

01/18/24

Lim & Tan

Yangzijiang Shipping

1.58

1.88

Accumulate


01/19/24

CIMB

Yangzijiang Shipping

1.6

1.96

Add

PB

01/30/24

UOB Kay Hian

Yangzijiang Shipping

1.68

1.92

Buy

PER10.1x

03/01/24

UOB Kay Hian

Yangzijiang Shipping

1.75

2.19

Buy

PER9.4x

03/12/24

DBS Vickers

Yangzijiang Shipping

1.87

2.1

Buy

PB1.8x FY24

04/03/24

UOB Kay Hian

Yangzijiang Shipping

1.9

2.19

Buy

PER9.4x

04/03/24

Amfrasers

Yangzijiang Shipping

1.9

2

Buy


04/19/24

DBS Vickers

Yangzijiang Shipping

1.77

2.1

Buy


05/03/24

UOB Kay Hian

Yangzijiang Shipping

1.72

2.19

Buy

PER9.4x

05/28/24

DBS Vickers

Yangzijiang Shipping

1.93

2.1

Buy

PB1.8x FY24

05/28/24

CIMB

Yangzijiang Shipping

1.93

1.96

Add


05/29/24

CIMB

Yangzijiang Shipping

1.99

2.35

Add


06/10/24

UOB Kay Hian

Yangzijiang Shipping

2.41

2.86

Buy