Date | Analyst | Company | Last | Target | Call | Valuation |
05/09/23 | DMG & Partners | ST Engineering | 3.65 | 4.05 | Buy | Sum of parts |
05/16/23 | UOB Kay Hian | ST Engineering | 3.62 | 4 | Buy | DCF |
05/16/23 | CIMB | ST Engineering | 3.62 | 4 | Add | |
05/16/23 | Kim Eng | ST Engineering | 3.62 | 4.1 | Buy | |
05/16/23 | Citi Research | ST Engineering | 3.62 | 3.35 | Sell | PER22x FY23 |
05/18/23 | Lim & Tan | ST Engineering | 3.68 | 3.92 | Accumulate | |
06/09/23 | Lim & Tan | ST Engineering | 3.65 | 3.92 | Accumulate | |
06/12/23 | DMG & Partners | ST Engineering | 3.66 | 4.05 | Buy | Sum of parts |
06/26/23 | Lim & Tan | ST Engineering | 3.61 | 3.89 | Accumulate | |
07/20/23 | DMG & Partners | ST Engineering | 3.66 | 4.05 | Buy | |
08/03/23 | DMG & Partners | ST Engineering | 3.69 | 4.25 | Buy | Sum of parts |
08/11/23 | Lim & Tan | ST Engineering | 3.74 | 4.04 | Accumulate | |
08/14/23 | UOB Kay Hian | ST Engineering | 3.78 | 4.2 | Buy | DCF |
08/14/23 | DBS Vickers | ST Engineering | 3.78 | 4.2 | Buy | |
08/14/23 | Citi Research | ST Engineering | 3.78 | 3.76 | Hold | PER20x FY23 |
08/14/23 | Kim Eng | ST Engineering | 3.78 | 4.2 | Buy | |
08/14/23 | DMG & Partners | ST Engineering | 3.78 | 4.5 | Buy | |
08/14/23 | CIMB | ST Engineering | 3.78 | 4.27 | Add | |
09/18/23 | OCBC | ST Engineering | 3.93 | 4.45 | Buy | |
09/25/23 | DMG & Partners | ST Engineering | 3.83 | 4.5 | Buy | |
09/26/23 | Phillip | ST Engineering | 3.86 | 4.5 | Buy | DCF |
10/10/23 | DMG & Partners | ST Engineering | 3.81 | 4.45 | Buy | |
10/20/23 | Lim & Tan | ST Engineering | 3.79 | 4.43 | Accumulate | Consensus target $4.30 |
11/10/23 | DBS Vickers | ST Engineering | 3.82 | 4.2 | Buy | |
11/14/23 | UOB Kay Hian | ST Engineering | 3.76 | 4.2 | Buy | DCF |
11/14/23 | Phillip | ST Engineering | 3.76 | 4.5 | Buy | DCF |
11/14/23 | Lim & Tan | ST Engineering | 3.76 | 0 | Accumulate | |
11/14/23 | DBS Vickers | ST Engineering | 3.76 | 4.5 | Buy | |
11/14/23 | DMG & Partners | ST Engineering | 3.76 | 4.45 | Buy | |
11/14/23 | CIMB | ST Engineering | 3.76 | 4.27 | Add | |
11/30/23 | Kim Eng | ST Engineering | 3.72 | 4.2 | Buy | |
12/13/23 | DBS Vickers | ST Engineering | 3.78 | 4.5 | Buy | |
12/13/23 | Lim & Tan | ST Engineering | 3.78 | 0 | Accumulate | |
12/15/23 | DMG & Partners | ST Engineering | 3.81 | 4.45 | Buy | |
01/02/24 | Phillip | ST Engineering | 3.89 | 4.5 | Buy | |
02/13/24 | DBS Vickers | ST Engineering | 3.77 | 4.5 | Buy | PER21.5x FY24/25 |
02/13/24 | CIMB | ST Engineering | 3.77 | 4.36 | Add | |
02/19/24 | DMG & Partners | ST Engineering | 3.91 | 4.45 | Buy | |
02/21/24 | DMG & Partners | ST Engineering | 3.92 | 4.5 | Buy | Sum of parts |
02/21/24 | CIMB | ST Engineering | 3.92 | 4.36 | Add | |
03/01/24 | UOB Kay Hian | ST Engineering | 3.98 | 4.5 | Buy | DCF |
03/04/24 | Phillip | ST Engineering | 3.97 | 4.5 | Accumulate | |
03/04/24 | DMG & Partners | ST Engineering | 3.97 | 4.5 | Buy | Sum of parts |
03/04/24 | Lim & Tan | ST Engineering | 3.97 | 0 | Accumulate | |
03/06/24 | OCBC | ST Engineering | 3.92 | 4.6 | Buy | |
03/12/24 | DBS Vickers | ST Engineering | 3.97 | 4.8 | Buy | PER21x FY24 |
03/26/24 | CIMB | ST Engineering | 3.99 | 4.36 | Add | |
04/02/24 | DBS Vickers | ST Engineering | 4.02 | 4.8 | Buy | |
04/08/24 | DMG & Partners | ST Engineering | 3.99 | 4.5 | Buy | Sum of parts |
05/06/24 | DMG & Partners | ST Engineering | 3.94 | 4.5 | Buy | Sum of parts |
05/13/24 | DBS Vickers | ST Engineering | 3.98 | 4.8 | Buy | |
05/13/24 | Citi Research | ST Engineering | 3.98 | 4.62 | Buy | |
05/14/24 | Phillip | ST Engineering | 4.03 | 4.9 | Buy | DCF |
05/14/24 | UOB Kay Hian | ST Engineering | 4.03 | 4.5 | Buy | DCF |
05/14/24 | CIMB | ST Engineering | 4.03 | 4.36 | Add | |
05/14/24 | Lim & Tan | ST Engineering | 4.03 | 0 | Accumulate | |
06/18/24 | Lim & Tan | ST Engineering | 3.98 | 0 | Accumulate | |
06/19/24 | Kim Eng | ST Engineering | 4.03 | 4.3 | Buy | |
06/24/24 | DMG & Partners | ST Engineering | 4.04 | 4.5 | Buy | Sum of parts |
06/25/24 | DBS Vickers | ST Engineering | 4.1 | 4.8 | Buy | |
06/26/24 | Lim & Tan | ST Engineering | 4.14 | 4.53 | Accumulate | |
06/26/24 | Kim Eng | ST Engineering | 4.14 | 4.6 | Buy | Sum of parts |
06/27/24 | JPM | ST Engineering | 4.19 | 4.6 | Buy | |
07/08/24 | DBS Vickers | ST Engineering | 4.26 | 4.8 | Buy | |
07/16/24 | UOB Kay Hian | ST Engineering | 4.38 | 4.95 | Buy | DCF |
07/22/24 | DMG & Partners | ST Engineering | 4.45 | 5 | Buy | Sum of parts |
07/22/24 | CIMB | ST Engineering | 4.45 | 5 | Add | |
08/14/24 | OCBC | ST Engineering | 4.28 | 4.83 | Buy | |
08/15/24 | DBS Vickers | ST Engineering | 4.47 | 5 | Buy | |
08/15/24 | UOB Kay Hian | ST Engineering | 4.47 | 4.95 | Buy | DCF |
08/15/24 | Citi Research | ST Engineering | 4.47 | 5.12 | Buy | PER20x FY25 |
08/19/24 | Phillip | ST Engineering | 4.56 | 5 | Accumulate | DCF |
08/20/24 | DMG & Partners | ST Engineering | 4.58 | 5 | Buy | Sum of parts |
09/02/24 | DMG & Partners | ST Engineering | 4.45 | 5 | Buy | Sum of parts |
Monday, September 2, 2024
ST Engineering - Stock calls
Stock calls for 2 September 2024
Date | Analyst | Company | Last | Target | Call | Valuation |
09/02/24 | CIMB | A-Reit | 2.88 | 3.06 | Add | DDM |
09/02/24 | DBS Vickers | CDL Hospitality | 0.935 | 1.2 | Buy | |
09/02/24 | CIMB | Frasers Logistics | 1.09 | 1.27 | Aad | DDM |
09/02/24 | SAC Capital | Isoteam | 0.065 | 0.084 | Buy | |
09/02/24 | DBS Vickers | Sembcorp Industries | 4.93 | 7.35 | Buy | PER14x FY24 |
09/02/24 | Lim & Tan | Sembcorp Industries | 4.93 | 6.75 | Accumulate | |
09/02/24 | Kim Eng | SIA | 6.28 | 6.55 | Hold | |
09/02/24 | Phillip | Singtel | 3.13 | 3.44 | Accumulate | Sum of parts |
09/02/24 | DMG & Partners | ST Engineering | 4.45 | 5 | Buy | Sum of parts |
Is the US fudging its GDP growth? Let's look at the prima facie evidence.
In the past, China was accused of fudging its economic growth when its GDP was growing at a burgeoning rate whilst its electricity power consumption was falling. This was an uncanny phenomenon because China was a manufacturing hub and producing goods for the global suppliers.
Now, the US seems to be following the China's path. The US GDP growth grew from 1.9% in 2022 to 2.5% in 2023 while its electricity power consumption had fallen by 2%. This was also an uncanny phenomenon because EVs had been popularised and IEA had stated that the power consumption drop was due to the slower economic growth. However, the US had pronounced a higher economic growth for 2023 instead. Can we still trust the US economic statistics for 2024?
US GDP for 2022 & 2023 (1.9% vs 2.5%)
Sunday, September 1, 2024
Latest US PCE statistics.
Core PCE (YOY): 2.6%
Core PCE (MOM): 0.2%
We can see from the chart below that the US PCE inflation is starting an upward monthly trend. In other words, this means there is not much room for the US inflation to decline any further. As such, there is a high chance that the US Fed will only cut its rates by 0.25% in September 2024 so as not to provide an oomph for any inflation spike.
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