Bumitama - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/15/23	Kim Eng	Bumitama	0.595	0.84	Buy	PER8x FY23
05/15/23	DMG & Partners	Bumitama	0.595	0.6	Neutral	PER7x FY23
05/15/23	UOB Kay Hian	Bumitama	0.595	0.55	Hold	PER6x FY23
07/12/23	DBS Vickers	Bumitama	0.59	0.9	Buy	DCF
07/24/23	DMG & Partners	Bumitama	0.58	0.61	Neutral	PER8x FY24
07/26/23	UOB Kay Hian	Bumitama	0.59	0.7	Buy	PER6x FY24
08/14/23	Kim Eng	Bumitama	0.56	0.89	Buy
09/04/23	UOB Kay Hian	Bumitama	0.55	0.65	Buy	PER6x FY24
09/12/23	Kim Eng	Bumitama	0.57	0.89	Buy
10/23/23	OCBC	Bumitama	0.56	0.67	Buy
11/01/23	UOB Kay Hian	Bumitama	0.57	0.65	Buy	PER6x FY24
11/15/23	Kim Eng	Bumitama	0.61	0.94	Buy	PER8x FY23
11/20/23	DMG & Partners	Bumitama	0.62	0.7	Buy
11/28/23	UOB Kay Hian	Bumitama	0.605	0.7	Buy	PER6x FY24
01/05/24	DBS Vickers	Bumitama	0.6	0.9	Buy	PER8.1x FY24
01/05/24	OCBC	Bumitama	0.6	0.73	Buy
02/28/24	UOB Kay Hian	Bumitama	0.65	0.7	Buy	PER6x FY24
02/28/24	OCBC	Bumitama	0.65	0.74	Buy
02/28/24	DMG & Partners	Bumitama	0.65	0.7	Buy
04/03/24	UOB Kay Hian	Bumitama	0.705	0.7	Buy	PER6x FY24
04/03/24	OCBC	Bumitama	0.705	0.785	Buy
04/19/24	DBS Vickers	Bumitama	0.76	0.9	Buy
05/14/24	OCBC	Bumitama	0.675	0.785	Buy
05/15/24	UOB Kay Hian	Bumitama	0.685	0.7	Buy	PER6x FY24
05/15/24	DMG & Partners	Bumitama	0.685	0.7	Neutral	PER9x FY24
06/11/24	DBS Vickers	Bumitama	0.675	0.9	Buy
07/11/24	DBS Vickers	Bumitama	0.7	0.9	Buy
08/12/24	DBS Vickers	Bumitama	0.715	0.9	Buy	DCF
08/12/24	DMG & Partners	Bumitama	0.715	0.7	Neutral	PER9x FY24
08/15/24	OCBC	Bumitama	0.715	0.77	Hold
11/12/24	DMG & Partners	Bumitama	0.84	0.95	Buy	PER10x FY25

Bukit Sembawang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/24/23	Lim & Tan	Bukit Sembawang	4.05	5.92	Buy
07/04/24	Lim & Tan	Bukit Sembawang	3.4	5.92	Accumulate

Broadway Industrial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/12/24	Lim & Tan	Broadway Industrial	0.127	0	Accumulate

Stock calls for 4 December 2024

Date	Analyst	Company	Last	Target	Call	Valuation
12/04/24	UOB Kay Hian	City Developments	5.29	8	Buy
12/04/24	Lim & Tan	Innotek	0.44	0	Accumulate on weakness
12/04/24	Lim & Tan	Keppel Corp	6.81	8.11	Accumulate
12/04/24	Phillip	LHN	0.44	0.56	Buy	PER6.5x FY25
12/04/24	Kim Eng	Marco Polo	0.053	0.08	Buy
12/04/24	MorningStar	Singtel	3.13	3.46	4-Star	Up from $3.37

US ISM PMI is still in a contractionary phase!

The prices decreased to 50.3 (-4.5) because of a previous significant increment.

As the new order increased significantly (50.4, +3.3) which was caused by a significant increase in new export order (48.7, +3.2) and a marginal increase in new local order (Est’d +0.1), the producers had to ramp up their production (48.6, +0.6) and increased the customers’ inventories (48.4, +1.6).

Consequently, the employment (48.1, +3.7), local raw material (Est’d +6.2) and inventories (48.1 (+5.5) had to be increased to fulfil the increased new order. 

In conclusion, all these increments boosted the PMI to 48.4 (+1.9).  However, the PMI is still in a contractionary phase (under 50) and the US economic growth is not expected to grow much until the PMI is in an expansion phase (above 50).