Stock calls for 30 May 2025

Date	Analyst	Company	Last	Target	Call	Valuation
05/30/25	Phillip	China Aviation Oil	0.83	0.9	Accumulate	DCF
05/30/25	DMG & Partners	Comfortdelgro	1.41	1.75	Buy	DCF
05/30/25	UOB Kay Hian	Far East Hospitality	0.565	0.71	Buy	DDM
05/30/25	Lim & Tan	KSH	0.235	0	Accumulate
05/30/25	UOB Kay Hian	Sasseur	0.63	0.98	Buy
05/30/25	CIMB	Seatrium	2.07	2.8	Add
05/30/25	OCBC	SIA Engineering	2.72	3	Buy
05/30/25	UOB Kay Hian	Valuetronics	0.685	0.83	Buy	PER11x FY26

US Q1 2025 GDP update! - Part 2

Let's break down the latest US Q1 2025 GDP result (-0.2%).

The previous Q1 2025 GDP:

GDP growth = G + I + C + NE

Q1 GDP (1st estimate) = (-0.25) + 3.6 + 1.21 + (-4.83) = -0.27 (-0.3)

Q1 GDP (2nd estimate) = (-0.12) + 3.98 + 0.8 + (-4.9) = -0.24 (-0.2)

As we compare the 2 estimates, we can see that govt spending (G) is still contracting, the Investment (I) is still expanding because of front-loading, the Consumption (C) is still declining and Net Export (NE) is also still decreasing due to front-loading (Import > Export).

As wholesalers and retailers stock up to avoid more tariffs, this will boost investment but cause net export to fall.  However, we can see that the US consumption is in a free fall now.

US stagflation alert! - Part 3

We've been warning about this on numerous occasions and the Fed has corroborated our warning.  Yeah!

https://sg-stock.blogspot.com/2025/04/us-stagflation-alert.html

Frencken - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/06/24	OCBC	Frencken	1.53	1.74	Buy
07/08/24	DBS Vickers	Frencken	1.66	1.9	Buy	PER17x
08/01/24	DBS Vickers	Frencken	1.3	1.9	Buy	PER17x
08/08/24	Kim Eng	Frencken	1.27	1.77	Buy
08/19/24	DBS Vickers	Frencken	1.4	1.77	Buy	PER15x FY25
08/19/24	UOB Kay Hian	Frencken	1.4	1.74	Buy
08/26/24	DMG & Partners	Frencken	1.37	1.71	Buy	PER16x FY24/25
10/07/24	DBS Vickers	Frencken	1.35	1.77	Buy	PER15x FY25
10/15/24	UOB Kay Hian	Frencken	1.27	1.74	Buy	PER17x FY24
10/15/24	Kim Eng	Frencken	1.27	1.54	Buy
11/04/24	CIMB	Frencken	1.16	1.55	Add
11/20/24	UOB Kay Hian	Frencken	1.2	1.31	Buy	PER14x FY25
11/20/24	Lim & Tan	Frencken	1.2	1.66	Accumulate on weakness
11/21/24	DBS Vickers	Frencken	1.24	1.47	Buy	PER15x FY25
11/21/24	CIMB	Frencken	1.24	1.38	Add
11/21/24	Kim Eng	Frencken	1.24	1.5	Buy
11/22/24	DMG & Partners	Frencken	1.21	1.71	Buy	PER16x FY24/25
12/16/24	DMG & Partners	Frencken	1.17	1.71	Buy	PER16x FY24/25
01/20/25	DBS Vickers	Frencken	1.12	1.47	Buy	PER15x FY25
02/19/25	DMG & Partners	Frencken	1.14	1.71	Buy	PER16x FY24/25
02/28/25	DBS Vickers	Frencken	1.05	1.48	Buy	PER15x FY25
03/03/25	UOB Kay Hian	Frencken	1.04	1.16	Buy	PER12.5x FY25
03/06/25	CIMB	Frencken	1.08	1.4	Add
03/13/25	Kim Eng	Frencken	1.07	1.34	Buy	PER12x FY25/26
04/11/25	DBS Vickers	Frencken	0.955	1.48	Buy	PER15x FY25
04/22/25	UOB Kay Hian	Frencken	0.965	1.16	Buy	PER12.5x FY25
04/24/25	CIMB	Frencken	1.05	1.15	Add
05/21/25	DBS Vickers	Frencken	1.14	1.48	Buy	PER15x FY25
05/22/25	UOB Kay Hian	Frencken	1.13	1.4	Buy	PER15x FY25
05/22/25	CIMB	Frencken	1.13	1.27	Add