Golden Agri - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/15/23	DMG & Partners	Golden Agri	0.27	0.31	Buy	Sum of parts
07/11/23	DMG & Partners	Golden Agri	0.24	0.31	Buy
07/24/23	DMG & Partners	Golden Agri	0.24	0.29	Buy	Sum of parts
08/18/23	DMG & Partners	Golden Agri	0.255	0.28	Buy
11/20/23	DMG & Partners	Golden Agri	0.265	0.3	Buy
02/29/24	DMG & Partners	Golden Agri	0.27	0.29	Neutral	Sum of parts
05/16/24	DMG & Partners	Golden Agri	0.265	0.26	Neutral	Sum of parts
08/12/24	DMG & Partners	Golden Agri	0.265	0.26	Neutral	Sum of parts
08/14/24	DMG & Partners	Golden Agri	0.265	0.25	Neutral	Sum of parts
08/15/24	OCBC	Golden Agri	0.27	0.27	Hold

GKE - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/15/23	CIMB	GKE	0.072	0.07	Hold	Sum of parts, Cut from $0.09
07/31/23	CIMB	GKE	0.072	0.076	Hold	Sum of parts
01/18/24	CIMB	GKE	0.07	0.08	Hold	Sum of parts

Stock calls for 8 October 2024

Date	Analyst	Company	Last	Target	Call	Valuation
10/08/24	Lim & Tan	Capitaland Integrated Commercial Trust	2.11	0	Accumulate
10/08/24	UOB Kay Hian	Keppel Corp	6.65	8.86	Buy
10/08/24	CIMB	Mermaid Maritime	0.18	0.2	Add
10/08/24	Lim & Tan	Nanofilm	0.88	0.54	Sell
10/08/24	DBS Vickers	OCBC	14.95	14.9	Hold	GGM, PB1x FY24
10/08/24	DBS Vickers	Seatrium	2.1	3	Buy
10/08/24	UOB Kay Hian	Sembcorp Industries	5.56	7.47	Buy
10/08/24	Lim & Tan	Suntec Reit	1.31	0	Accumulate
10/08/24	UOB Kay Hian	Yangzijiang Shipping	2.55	3.4	Buy

We've been vindicated!

https://sg-stock.blogspot.com/2024/09/the-market-is-projecting-50bps-fed-rate.html

We had projected only a 25bps cut in the September FOMC meeting but the Fed did a 50bps cut instead.  However, we've been vindicated now.

https://sg.finance.yahoo.com/news/wall-street-starting-buyer-remorse-163803824.html

What's our take on the latest US employment data?

Well, we believe that the US has fudged its employment data.  What's our basis?

First of all, the Atlanta GDPnow had revised down its GDP projection just prior to this ebullience employment data.

https://sg-stock.blogspot.com/2024/10/the-us-cant-hide-its-slowing-economy.html

Next, the manufacturing employment has a high correlation to the total employment data and the PMI employment is at 43.9 (contractionary zone).

https://sg-stock.blogspot.com/2024/10/the-us-ism-pmi-remained-in.html

In view of the above, we can only deduce that the US is fudging its employment data again.

Geo Energy - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/24	Amfrasers	Geo Energy	0.335	0.8	outperform	DCF
03/05/24	Amfrasers	Geo Energy	0.36	0.72	outperform	DCF
10/02/24	Amfrasers	Geo Energy	0.275	0.68	outperform	DCF