Stock calls for 31 January 2024

Date	Analyst	Company	Last	Target	Call	Valuation
01/31/24	DBS Vickers	AIMS AMP Cap Ind Reit	1.29	1.6	Buy	DCF
01/31/24	Lim & Tan	AIMS AMP Cap Ind Reit	1.29	1.5	Accumulate
01/31/24	DBS Vickers	CapitaRetail China	0.835	1.05	Buy
01/31/24	CIMB	CDL Hospitality	1.03	1.25	Add	DDM
01/31/24	Kim Eng	DBS	31.82	37.81	Buy	DDM
01/31/24	Amfrasers	Fortress Minerals	0.28	0.35	outperform	DCF & EV/Resource3.6x
01/31/24	DBS Vickers	Frasers Logistics	1.08	1.44	Buy
01/31/24	DBS Vickers	GuocoLand	1.47	2.3	Buy	RNAV (60% disc)
01/31/24	Lim & Tan	Keppel Infrastructure	0.505	0.57	Accumulate	Buy under $0.50
01/31/24	UOB Kay Hian	Keppel Reit	0.915	1.24	Buy	DDM
01/31/24	DMG & Partners	Keppel Reit	0.915	1.08	Buy
01/31/24	CIMB	Seatrium	0.105	0.164	Add
01/31/24	OCBC	Starhill	0.515	0.52	Hold

IMF GDP growth projections for global economies from 2023 to 2025.

Fed is projected to hold its rates in January FOMC.

The CME Fedwatch tool is showing that the US Fed is projected to hold its rates in January FOMC.

AEM - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/23	Kim Eng	AEM	3.48	3.08	Sell	PER8.5x FY23
01/09/23	Citi Research	AEM	3.48	4.79	Buy
02/10/23	CIMB	AEM	3.42	3.86	Add
02/27/23	DBS Vickers	AEM	3.38	2	Sell	PER9x FY23
02/27/23	Citi Research	AEM	3.38	4.25	Buy
02/28/23	UOB Kay Hian	AEM	3.05	2.78	Hold	PER10x FY23
03/14/23	Kim Eng	AEM	2.93	2.66	Sell	PER9x FY23
03/20/23	CIMB	AEM	2.99	3.86	Add	PER9.5x FY24
04/18/23	CIMB	AEM	3.29	3.86	Add
05/02/23	DBS Vickers	AEM	3.38	3.35	Hold	PER10x FY24
05/12/23	Lim & Tan	AEM	3.45	3.73	Hold
05/15/23	UOB Kay Hian	AEM	3.37	2.87	Hold	PER11.5x FY23
05/15/23	CIMB	AEM	3.37	3.86	Add	PER9.7x FY24
05/16/23	Kim Eng	AEM	3.24	3.72	Buy	PER10x FY24
06/07/23	DBS Vickers	AEM	3.62	3.35	Hold
06/20/23	UOB Kay Hian	AEM	3.97	2.87	Sell	PER11.5x FY23
06/30/23	HSBC	AEM	3.74	4.2	Buy	PER15x FY23
07/20/23	UOB Kay Hian	AEM	3.86	2.87	Sell	PER11.5x FY23
07/20/23	Citi Research	AEM	3.86	4.87	Buy	PER12x FY24
07/31/23	Kim Eng	AEM	3.86	3.9	Hold	PER12x FY24
07/31/23	DBS Vickers	AEM	3.86	3.35	Hold
08/02/23	Amfrasers	AEM	3.75	4.15	Buy
08/07/23	DBS Vickers	AEM	3.7	3.35	Hold
08/08/23	CIMB	AEM	3.45	3.3	Reduce
08/14/23	Citi Research	AEM	3.42	3.78	Buy
08/14/23	DBS Vickers	AEM	3.42	3.11	Hold	PER10x FY24
08/15/23	UOB Kay Hian	AEM	3.11	3.65	Buy	PER12.8x FY24
08/15/23	Kim Eng	AEM	3.11	3.77	Buy	PER12x FY24
08/15/23	CIMB	AEM	3.11	2.92	Reduce
10/19/23	CIMB	AEM	3.52	4.11	Add	PER11.3x
10/24/23	DBS Vickers	AEM	3.36	3.11	Hold
11/10/23	DBS Vickers	AEM	3.5	3.11	Hold
11/14/23	DBS Vickers	AEM	3.34	3	Hold	PER12.5x FY24
12/08/23	CIMB	AEM	3.26	3.78	Add
12/13/23	UOB Kay Hian	AEM	3.37	3.63	Buy
01/15/24	DBS Vickers	AEM	3.4	3	Hold
01/17/24	UOB Kay Hian	AEM	3.17	3.06	Hold	PER15x FY24
01/17/24	Kim Eng	AEM	3.17	3.26	Hold
01/23/24	Lim & Tan	AEM	2.85	3.4	Avoid