Megachem - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/28/23	SAC Capital	Megachem	0.495	0.55	Buy

Stock calls for 15 August 2024

Date	Analyst	Company	Last	Target	Call	Valuation
08/15/24	DBS Vickers	AEM	1.46	1.34	Hold	PER11x FY25
08/15/24	CIMB	AEM	1.46	1.72	Reduce
08/15/24	Kim Eng	AEM	1.46	1.12	Sell
08/15/24	OCBC	Bumitama	0.715	0.77	Hold
08/15/24	DBS Vickers	Capitaland Investment	2.49	3.85	Buy	Sum of parts
08/15/24	Uob Kay Hian	Capitaland Investment	2.49	4.04	Buy	Sum of parts
08/15/24	Lim & Tan	Capitaland Investment	2.49	3.6	Accumulate
08/15/24	UOB Kay Hian	City Developments	5.21	7	Buy	RNAV
08/15/24	DMG & Partners	City Developments	5.21	7.3	Buy	RNAV (50% disc)
08/15/24	DBS Vickers	Comfortdelgro	1.4	1.8	Buy	Sum of parts
08/15/24	Kim Eng	Comfortdelgro	1.4	1.6	Buy	DCF
08/15/24	CIMB	Credit Bureau	0.905	1.3	Add	DCF
08/15/24	Kim Eng	First Resources	1.39	1.46	Hold
08/15/24	DBS Vickers	Genting	0.815	1.05	Buy	EV/Ebitda8x FY24/25
08/15/24	UOB Kay Hian	Genting	0.815	1.18	Buy
08/15/24	OCBC	Golden Agri	0.27	0.27	Hold
08/15/24	DBS Vickers	Nanofilm	0.72	0.75	Hold	PER18x FY25
08/15/24	DBS Vickers	Singtel	2.91	3.5	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
08/15/24	DBS Vickers	Starhub	1.29	1.54	Buy	DCF
08/15/24	UOB Kay Hian	Starhub	1.29	1.41	Buy	DCF
08/15/24	DMG & Partners	Starhub	1.29	1.18	Neutral	DCF
08/15/24	DMG & Partners	Wilmar	3.09	3.1	Neutral	Sum of parts

Global growth expectations are coming down!

The global fund manager's survey showed that the global growth expectations had been coming down and this indicator had a high correlation to the stock market.

In other words, the world economy is expected to slow down in the future and the stock market can't go up when the economic growth is declining.

Latest US CPI and Core CPI statistics!

CPI (YOY): 2.9%

CPI (MOM): 0.2%

Core CPI (YOY): 3.2%

Core CPI (MOM): 0.2%

As we can see from the table above, the monthly CPI and core CPI are no longer declining in July 2024.  This means there is no much room for any decline in inflation anymore.