Stock calls for 30 October 2023

Date	Analyst	Company	Last	Target	Call	Valuation
10/30/23	DBS Vickers	A-Reit	2.51	3.4	Buy
10/30/23	CIMB	A-Reit	2.51	3.06	Add	DDM
10/30/23	Lim & Tan	ART	0.93	1.19	Accumulate
10/30/23	Uob Kay Hian	Capitaland Integrated Commercial Trust	1.74	2.02	Buy	DDM
10/30/23	CIMB	Capitaland Integrated Commercial Trust	1.74	2.17	Add	DDM
10/30/23	CIMB	CDL Hospitality	0.96	1.43	Add	DDM
10/30/23	Phillip	China Aviation Oil	0.765	1.01	Buy	DCF
10/30/23	CIMB	ESR-Reit	0.26	0.39	Add	DDM
10/30/23	Kim Eng	Frasers Centrepoint Trust	2.04	2.25	Buy
10/30/23	CIMB	Ifast Corp	6.31	5.9	Hold
10/30/23	Citi Research	Ifast Corp	6.31	3.7	Sell
10/30/23	DBS Vickers	Keppel Pacific	0.191	0.48	Buy
10/30/23	UOB Kay Hian	Mapletree Industrial	2.13	2.69	Buy	DDM
10/30/23	Kim Eng	Mapletree Industrial	2.13	2.15	Hold
10/30/23	Citi Research	Mapletree Industrial	2.13	2.36	Hold	Sum of parts
10/30/23	UOB Kay Hian	Mapletree Logistics	1.47	1.72	Buy	DDM
10/30/23	phillip	Sheng Siong	1.47	1.8	Buy	PER20x
10/30/23	DBS Vickers	Sheng Siong	1.47	1.62	Hold	PER17x
10/30/23	CIMB	Sheng Siong	1.47	1.82	Add
10/30/23	DMG & Partners	Sheng Siong	1.47	1.99	Buy	PER21x FY24

The US budget deficit will cross US$2T for 2023.

The US budget deficit will cross US$2T for 2023 and the US treasurer is facing tremendous stress to fill the gap.  The dismal sales of the US treasuries are the proofs that the US treasurer has difficulty raising funds in the debt market.

We are right about US inflation. Yeah!

Just as we've expected, the US inflation didn't fall much further or significantly.

https://sg-stock.blogspot.com/2023/08/us-inflation-is-going-to-remain.html

Baltic dry index - 1563

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 625

Related stock: Seatrium and Cosco.

SATS - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
07/13/22	Citi Research	SATS	4.03	4.7	Buy
07/25/22	UOB Kay Hian	SATS	3.99	4.2	Buy	DCF
07/25/22	DBS Vickers	SATS	3.99	4.3	Hold	DCF
07/25/22	CIMB	SATS	3.99	4.47	Add	DCF
07/25/22	Lim & Tan	SATS	3.99	4.64	Accumulate
07/26/22	Citi Research	SATS	3.94	4.7	Buy
07/26/22	OCBC	SATS	3.94	4.72	Buy
09/22/22	Lim & Tan	SATS	4.09	4.49	Buy
09/29/22	UOB Kay Hian	SATS	3.87	3.82	Hold	DCF
10/05/22	CIMB	SATS	2.99	3.45	Add
10/19/22	UOB Kay Hian	SATS	2.72	3.08	Buy	Sum of parts
11/10/22	UOB Kay Hian	SATS	2.72	3.08	Buy	Sum of parts
11/10/22	CIMB	SATS	2.72	3.45	Add
11/17/22	OCBC	SATS	2.7	3.26	Buy
11/21/22	phillip	SATS	2.69	3.02	Accumulate	PER18.5x FY24
12/05/22	CIMB	SATS	2.67	3.17	Add
12/07/22	phillip	SATS	2.94	3.08	Neutral	PER18.5x FY24
01/06/23	UOB Kay Hian	SATS	2.83	3.1	Buy
01/16/23	CIMB	SATS	2.89	3.21	Add
01/19/23	Lim & Tan	SATS	2.94	3.57	Buy
01/25/23	UOB Kay Hian	SATS	2.93	3.28	Buy	EV/Ebitda9.7x FY25
02/14/23	UOB Kay Hian	SATS	3	3.28	Buy	EV/Ebitda9.7x FY25
02/14/23	CIMB	SATS	3	3.21	Add	DCF
02/23/23	CIMB	SATS	2.72	3.1	Add	DCF
02/24/23	phillip	SATS	2.8	2.92	Neutral	PER20x FY24
03/13/23	UOB Kay Hian	SATS	2.42	3.02	Buy	EV/Ebitda9.7x FY25
03/31/23	Citi Research	SATS	2.8	2.98	Buy	PER20x FY25
04/06/23	CIMB	SATS	2.79	3.1	Add	DCF
04/13/23	OCBC	SATS	2.79	3.38	Buy
05/03/23	UOB Kay Hian	SATS	2.62	3.01	Buy
05/22/23	DBS Vickers	SATS	2.7	3.4	Buy	EV/Ebitda11.6x FY24 & DCF
05/31/23	CIMB	SATS	2.75	3.1	Add	DCF
05/31/23	Lim & Tan	SATS	2.75	3.23	Hold
05/31/23	Citi Research	SATS	2.75	2.98	Hold	PER20x FY25
06/01/23	UOB Kay Hian	SATS	2.49	3.02	Buy	PER9.7x FY25
06/01/23	DBS Vickers	SATS	2.49	3.2	Buy	EV/Ebitda11.6x FY24 & DCF
06/01/23	CIMB	SATS	2.49	2.6	Hold
06/19/23	Lim & Tan	SATS	2.74	3.12	Hold
07/06/23	UOB Kay Hian	SATS	2.6	3.02	Buy
07/10/23	UOB Kay Hian	SATS	2.64	2.99	Buy	EV/Ebitda9.7x FY25
08/16/23	UOB Kay Hian	SATS	2.62	2.99	Buy	EV/Ebitda9.7x FY25
08/16/23	DBS Vickers	SATS	2.62	3.2	Buy	EV/Ebitda11.4x FY24
08/17/23	phillip	SATS	2.54	2.51	Neutral
08/17/23	Lim & Tan	SATS	2.54	0	Avoid
10/16/23	UOB Kay Hian	SATS	2.59	2.99	Buy	EV/Ebitda9.7x FY25