Another indicator is showing the US business activity is dropping significantly.

LA port is one of the busiest ports in the US but its activities are projected to decline significantly in May 2025.

Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/24	DBS Vickers	Venture	13.55	15.1	Buy
01/25/24	CIMB	Venture	13.88	15.9	Add	PER14.6x FY25
01/29/24	UOB Kay Hian	Venture	13.48	16.37	Buy	PER17x FY24
02/19/24	UOB Kay Hian	Venture	13.99	16.37	Buy	PER17x FY24
02/19/24	DMG & Partners	Venture	13.99	14.7	Buy
02/23/24	DBS Vickers	Venture	14.1	16.9	Buy	PER16x FY24
02/23/24	Lim & Tan	Venture	14.1	0	Accumulate
02/26/24	Phillip	Venture	13.72	12.75	Neutral	PER13x FY24/25
03/04/24	UOB Kay Hian	Venture	14	16.37	Buy	PER17x FY24
04/02/24	DBS Vickers	Venture	14.13	16.9	Buy
04/03/24	UOB Kay Hian	Venture	14.29	16.37	Buy	PER17x FY24
05/03/24	DMG & Partners	Venture	14.21	14.2	Neutral
05/03/24	UOB Kay Hian	Venture	14.21	16.37	Buy	PER17x FY24
05/03/24	DBS Vickers	Venture	14.21	16.9	Buy
05/06/24	Phillip	Venture	14.46	12.75	Neutral	PER13x FY24/25
05/06/24	DBS Vickers	Venture	14.46	16.4	Buy	PER16x FY24/25
05/06/24	Lim & Tan	Venture	14.46	0	Accumulate
06/21/24	CIMB	Venture	14	15.93	Add
07/08/24	DBS Vickers	Venture	14.14	16.4	Buy	PER16x FY24/25
07/25/24	DMG & Partners	Venture	14.9	16.5	Buy	PER16x FY24/25
07/31/24	UOB Kay Hian	Venture	14.96	16.37	Buy	PER17x FY24
08/07/24	DBS Vickers	Venture	14.4	16.4	Buy	PER16x FY24/25
08/07/24	UOB Kay Hian	Venture	14.4	16.17	Buy
08/07/24	Lim & Tan	Venture	14.4	0	Accumulate
08/07/24	CIMB	Venture	14.4	15.93	Add
08/07/24	DMG & Partners	Venture	14.4	16.46	Buy
08/08/24	Phillip	Venture	13.76	13	Neutral	PER14x
09/27/24	Lim & Tan	Venture	14.16	0	Accumulate
09/27/24	Kim Eng	Venture	14.16	14.2	Hold
10/07/24	DBS Vickers	Venture	13.88	16.4	Buy	PER16x FY24/25
10/17/24	UOB Kay Hian	Venture	13.75	16.17	Buy
11/01/24	UOB Kay Hian	Venture	13.3	16.17	Buy	PER17x FY25
11/11/24	Phillip	Venture	13.65	13	Neutral	PER14x FY25
11/11/24	DBS Vickers	Venture	13.65	15.1	Buy	PER17x FY25
11/11/24	Citi Research	Venture	13.65	14	Neutral
11/11/24	CIMB	Venture	13.65	14.34	Add
11/11/24	Kim Eng	Venture	13.65	12.6	Hold
11/12/24	DMG & Partners	Venture	12.9	15.4	Buy	PER16x FY25
12/02/24	UOB Kay Hian	Venture	12.87	15.55	Buy	PER17x FY25
12/16/24	DMG & Partners	Venture	13.05	15.37	Buy	PER16x FY25
01/02/25	UOB Kay Hian	Venture	13.15	15.55	Buy	PER17x FY25
02/19/25	DMG & Partners	Venture	12.95	15.37	Buy	PER16x FY25
02/24/25	DBS Vickers	Venture	12.94	14.7	Buy	PER17x FY25
02/24/25	Phillip	Venture	12.94	11.8	Neutral
02/24/25	Lim & Tan	Venture	12.94	0	Accumulate
02/28/25	UOB Kay Hian	Venture	12.78	13.35	Buy
02/28/25	Kim Eng	Venture	12.78	12.4	Hold	PER15x FY25
02/28/25	DMG & Partners	Venture	12.78	14.7	Buy
04/09/25	CIMB	Venture	10.91	10.13	Hold
04/10/25	DBS Vickers	Venture	10.4	14.7	Buy	PER17x FY25
04/16/25	DMG & Partners	Venture	10.84	12.5	Buy
04/22/25	UOB Kay Hian	Venture	10.88	13.35	Hold	PER15.5x FY25