Sembcorp Industries - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	DMG & Partners	Sembcorp Industries	3.05	3.8	Buy
01/06/16	Macquarie	Sembcorp Industries	3	2.6	Underperform
01/08/16	Kim Eng	Sembcorp Industries	2.76	3.53	Hold
01/08/16	UOB Kay Hian	Sembcorp Industries	2.76	3.6	Buy	Sum of parts
01/12/16	Lim & Tan	Sembcorp Industries	2.7	0	Buy
01/20/16	Kim Eng	Sembcorp Industries	2.54	2.3	Hold	Sum of parts
01/21/16	CIMB	Sembcorp Industries	2.3	3.85	Add	Sum of parts
01/26/16	Deutsche	Sembcorp Industries	2.31	3.2	Hold
01/27/16	DBS Vickers	Sembcorp Industries	2.23	3.5	Buy	RNAV (10% discount)
01/28/16	UOB Kay Hian	Sembcorp Industries	2.23	3.47	Buy	Sum of parts
01/29/16	Deutsche	Sembcorp Industries	2.23	3	Buy
01/29/16	OCBC	Sembcorp Industries	2.23	3.42	Buy	Sum of parts
02/04/16	Credit Suisse	Sembcorp Industries	2.42	4.2	Outperform
02/04/16	DIR	Sembcorp Industries	2.42	2.17	Underperform	Sum of parts
02/18/16	CIMB	Sembcorp Industries	2.53	3.1	Add	Sum of parts
02/18/16	Credit Suisse	Sembcorp Industries	2.53	3	Outperform
02/18/16	DBS Vickers	Sembcorp Industries	2.53	3.3	Buy	RNAV (10% discount)
02/18/16	Kim Eng	Sembcorp Industries	2.53	2.35	Hold	Sum of parts
02/18/16	Lim & Tan	Sembcorp Industries	2.53	0	Buy
02/18/16	OCBC	Sembcorp Industries	2.53	3.21	Buy	Sum of parts
02/18/16	UOB Kay Hian	Sembcorp Industries	2.53	3.8	Buy	PER12x FY16
03/01/16	DMG & Partners	Sembcorp Industries	2.68	4	Buy
03/01/16	Lim & Tan	Sembcorp Industries	2.68	0	Buy
03/07/16	UOB Kay Hian	Sembcorp Industries	3.14	4.05	Buy
03/10/16	CIMB	Sembcorp Industries	3.06	3.1	Add	Sum of parts
03/11/16	DBS Vickers	Sembcorp Industries	3.02	3.3	Buy	Sum of parts (10% discount), PB0.9x
03/14/16	OCBC	Sembcorp Industries	3.03	3.21	Buy
03/16/16	Lim & Tan	Sembcorp Industries	3	0	Buy
03/28/16	UOB Kay Hian	Sembcorp Industries	3.06	3.8	Buy	PER12x FY16
04/08/16	HSBC	Sembcorp Industries	2.87	3.43	Buy
04/25/16	Credit Suisse	Sembcorp Industries	3	3	Outperform
05/05/16	CIMB	Sembcorp Industries	2.75	3.1	Add	Sum of parts
05/05/16	DBS Vickers	Sembcorp Industries	2.75	3.1	Buy	PB0.9x
05/05/16	DIR	Sembcorp Industries	2.75	2.36	Underperform
05/05/16	DMG & Partners	Sembcorp Industries	2.75	4	Buy	Sum of parts
05/05/16	Kim Eng	Sembcorp Industries	2.75	2.35	Sell	Sum of parts
05/05/16	Lim & Tan	Sembcorp Industries	2.75	0	Hold
05/05/16	OCBC	Sembcorp Industries	2.75	3.07	Buy
05/05/16	UOB Kay Hian	Sembcorp Industries	2.75	4	Buy
05/09/16	Credit Suisse	Sembcorp Industries	2.72	3	Outperform
05/18/16	Deutsche	Sembcorp Industries	2.75	3.6	Buy	Sum of parts
05/25/16	DIR	Sembcorp Industries	2.74	2.36	Underperform	Sum of parts
06/01/16	CIMB	Sembcorp Industries	2.79	3.1	Add	Sum of parts
06/02/16	UOB Kay Hian	Sembcorp Industries	2.77	3.6	Buy	PER9.5x FY17
06/06/16	Kim Eng	Sembcorp Industries	2.8	2.35	Sell
06/20/16	Deutsche	Sembcorp Industries	2.75	3.6	Buy
06/27/16	DMG & Partners	Sembcorp Industries	2.76	4	Buy
07/05/16	UOB Kay Hian	Sembcorp Industries	2.91	3.35	Buy	Sum of parts
07/14/16	Credit Suisse	Sembcorp Industries	2.9	3	Outperform
07/15/16	Macquarie	Sembcorp Industries	2.91	2.8	Neutral
08/03/16	CIMB	Sembcorp Industries	2.78	2.66	Hold	Sum of parts
08/03/16	Credit Suisse	Sembcorp Industries	2.78	2.8	Neutral
08/03/16	DBS Vickers	Sembcorp Industries	2.78	3.1	Buy
08/03/16	DIR	Sembcorp Industries	2.78	2.35	Underperform	Sum of parts (20% discount)
08/03/16	Lim & Tan	Sembcorp Industries	2.78	0	Hold
08/03/16	OCBC	Sembcorp Industries	2.78	3.07	Buy
08/03/16	UOB Kay Hian	Sembcorp Industries	2.78	3.35	Buy	Sum of parts
08/04/16	DMG & Partners	Sembcorp Industries	2.74	3.9	Buy	Sum of parts
08/18/16	Deutsche	Sembcorp Industries	2.69	3.15	Hold
08/18/16	Lim & Tan	Sembcorp Industries	2.69	0	Hold
09/07/16	DIR	Sembcorp Industries	2.71	2.35	Underperform	Sum of parts
09/21/16	OCBC	Sembcorp Industries	2.58	3.07	Buy
09/23/16	UOB Kay Hian	Sembcorp Industries	2.56	3.29	Buy	Sum of parts
09/29/16	DBS Vickers	Sembcorp Industries	2.53	3.1	Buy	Sum of parts, PB0.9x
10/03/16	Kim Eng	Sembcorp Industries	2.59	2.4	Hold	Sum of parts
10/28/16	CIMB	Sembcorp Industries	2.48	2.66	Hold	Sum of parts
10/28/16	CIMB	Sembcorp Industries	2.48	2.66	Hold	Sum of parts
10/28/16	Credit Suisse	Sembcorp Industries	2.48	2.7	Neutral
10/28/16	DIR	Sembcorp Industries	2.48	2.34	Underperform	Sum of parts (20% discount)
10/28/16	OCBC	Sembcorp Industries	2.48	3.07	Buy
10/28/16	UOB Kay Hian	Sembcorp Industries	2.48	3.05	Buy
10/31/16	DBS Vickers	Sembcorp Industries	2.53	2.9	Buy
10/31/16	DMG & Partners	Sembcorp Industries	2.53	3.4	Buy
10/31/16	Lim & Tan	Sembcorp Industries	2.53	0	Buy on weakness
11/14/16	UOB Kay Hian	Sembcorp Industries	2.61	3.05	Buy
11/23/16	OCBC	Sembcorp Industries	2.69	3.07	Buy
12/01/16	Lim & Tan	Sembcorp Industries	2.7	0	Buy
12/02/16	DBS Vickers	Sembcorp Industries	2.89	3.1	Buy	RNAV (10% discount), PER15.6x FY16
12/05/16	CIMB	Sembcorp Industries	2.95	3.02	Hold	Sum of parts
12/07/16	Deutsche	Sembcorp Industries	2.91	3.15	Hold
12/07/16	UOB Kay Hian	Sembcorp Industries	2.91	3.2	Buy	Sum of parts
12/22/16	Kim Eng	Sembcorp Industries	2.92	2.4	Hold	Sum of parts
01/03/17	Lim & Tan	Sembcorp Industries	2.85	0	Buy
01/03/17	UOB Kay Hian	Sembcorp Industries	2.85	3.2	Buy
01/05/17	Deutsche	Sembcorp Industries	2.93	3.45	Buy	Sum of parts (15% discount)
01/11/17	OCBC	Sembcorp Industries	3.06	3.36	Buy	Sum of parts (5% discount)
01/25/17	Credit Suisse	Sembcorp Industries	3.27	2.7	Neutral
02/03/17	OCBC	Sembcorp Industries	3.18	3.36	Buy
02/24/17	CIMB	Sembcorp Industries	3.36	3.51	Hold	Sum of parts, PB0.6x CY17
02/24/17	DMG & Partners	Sembcorp Industries	3.36	4.17	Buy	Sum of parts
02/24/17	OCBC	Sembcorp Industries	3.36	3.69	Buy
02/24/17	UOB Kay Hian	Sembcorp Industries	3.36	3.95	Buy	Sum of parts
02/27/17	DBS Vickers	Sembcorp Industries	3.27	3.8	Buy	Sum of parts (10% discount), PB1.1x, PER17.2X FY17
02/27/17	Lim & Tan	Sembcorp Industries	3.27	0	Buy
03/01/17	Credit Suisse	Sembcorp Industries	3.2	3.6	Neutral
03/02/17	UOB Kay Hian	Sembcorp Industries	3.27	3.95	Buy
03/24/17	UOB Kay Hian	Sembcorp Industries	3.13	3.78	Buy	Sum of parts
04/04/17	UOB Kay Hian	Sembcorp Industries	3.2	3.78	Buy	PER9.8x FY18
04/07/17	Credit Suisse	Sembcorp Industries	3.15	3.6	Neutral
04/10/17	Lim & Tan	Sembcorp Industries	3.15	0	Buy
04/11/17	CIMB	Sembcorp Industries	3.14	3.51	Hold	Sum of parts
05/04/17	CIMB	Sembcorp Industries	3	3.51	Add	Sum of parts
05/04/17	Credit Suisse	Sembcorp Industries	3	3.6	Neutral
05/04/17	DBS Vickers	Sembcorp Industries	3	3.8	Buy	RNAV (10% discount), PB1x
05/04/17	DIR	Sembcorp Industries	3	2.67	Underperform	Sum of parts
05/04/17	Lim & Tan	Sembcorp Industries	3	0	Hold
05/04/17	OCBC	Sembcorp Industries	3	3.48	Buy
05/04/17	UOB Kay Hian	Sembcorp Industries	3	3.66	Buy	Sum of parts
05/05/17	DMG & Partners	Sembcorp Industries	3.15	3.2	Neutral	Sum of parts
05/11/17	DIR	Sembcorp Industries	3.14	3.14	Hold
05/29/17	phillip	Sembcorp Industries	3.15	3.5	Accumulate	Sum of parts (10% discount)
06/02/17	OCBC	Sembcorp Industries	3.19	3.48	Buy
06/06/17	Credit Suisse	Sembcorp Industries	3.16	3.6	Neutral	Sum of parts
06/20/17	UOB Kay Hian	Sembcorp Industries	3.1	3.66	Buy
07/12/17	OCBC	Sembcorp Industries	3.13	3.48	Buy
07/13/17	UOB Kay Hian	Sembcorp Industries	3.09	3.66	Buy	Sum of parts
07/18/17	Credit Suisse	Sembcorp Industries	3.15	3.6	Neutral
07/21/17	DBS Vickers	Sembcorp Industries	3.24	4.1	Buy	Sum of parts, PB1.1x FY17
07/24/17	CIMB	Sembcorp Industries	3.29	3.52	Add	Sum of parts
08/01/17	Credit Suisse	Sembcorp Industries	3.23	3.6	Neutral	PER13.9x FY17, PB0.8x
08/04/17	DIR	Sembcorp Industries	3.22	3.14	Hold	Probability weighted
08/04/17	UOB Kay Hian	Sembcorp Industries	3.22	3.57	Buy	Sum of parts
08/04/17	DMG & Partners	Sembcorp Industries	3.22	3.2	Neutral	Sum of parts
08/04/17	OCBC	Sembcorp Industries	3.22	3.43	Hold
08/04/17	CIMB	Sembcorp Industries	3.22	3.47	Add	Sum of parts
08/04/17	DBS Vickers	Sembcorp Industries	3.22	4	Buy	RNAV (10% discount), PB1.1x
08/07/17	phillip	Sembcorp Industries	3.18	3.5	Accumulate	Sum of parts
08/07/17	Lim & Tan	Sembcorp Industries	3.18	0	Hold
08/23/17	OCBC	Sembcorp Industries	2.99	3.43	Buy
08/25/17	Morgan Stanley	Sembcorp Industries	3.03	2.39	Underweight
09/04/17	CIMB	Sembcorp Industries	2.98	3.47	Add	Sum of parts
09/04/17	UOB Kay Hian	Sembcorp Industries	2.98	3.59	Buy	Sum of parts, PER10.1x FY18
09/05/17	Lim & Tan	Sembcorp Industries	2.93	0	Buy
09/20/17	DBS Vickers	Sembcorp Industries	2.96	4	Buy	RNAV (10% discount), PB1.1x
09/27/17	Credit Suisse	Sembcorp Industries	2.95	3.6	Neutral
10/02/17	UOB Kay Hian	Sembcorp Industries	2.96	3.57	Buy	Sum of parts
10/09/17	DBS Vickers	Sembcorp Industries	3.02	4	Buy
10/24/17	Credit Suisse	Sembcorp Industries	3.24	3.6	Neutral
11/03/17	CIMB	Sembcorp Industries	3.38	3.87	Add	Sum of parts, PER8.1x FY18, PB0.59x FY17
11/03/17	UOB Kay Hian	Sembcorp Industries	3.38	3.87	Buy	Sum of parts
11/03/17	Credit Suisse	Sembcorp Industries	3.38	3.6	Neutral
11/03/17	OCBC	Sembcorp Industries	3.38	3.59	Hold
11/03/17	Lim & Tan	Sembcorp Industries	3.38	0	Buy
11/06/17	phillip	Sembcorp Industries	3.3	3.7	Accumulate	Sum of parts (10% discount)
11/06/17	DBS Vickers	Sembcorp Industries	3.3	4.2	Buy	Sum of parts, PB1.1x
11/21/17	OCBC	Sembcorp Industries	3.05	3.59	Buy
12/12/17	UOB Kay Hian	Sembcorp Industries	3.04	3.87	Buy	Sum of parts
12/20/17	CIMB	Sembcorp Industries	3.02	3.87	Add
01/02/18	UOB Kay Hian	Sembcorp Industries	3.03	3.87	Buy
01/23/18	DBS Vickers	Sembcorp Industries	3.38	4.5	Buy	Sum of parts (10% discount), PB1.1x
02/05/18	OCBC	Sembcorp Industries	3.57	3.95	Buy	Sum of parts
02/13/18	DBS Vickers	Sembcorp Industries	3.21	4.5	Buy
02/19/18	Lim & Tan	Sembcorp Industries	3.22	0	Buy
02/20/18	UOB Kay Hian	Sembcorp Industries	3.3	3.87	Buy
02/21/18	CIMB	Sembcorp Industries	3.28	3.87	Add	Sum of parts
02/26/18	OCBC	Sembcorp Industries	3.24	3.84	Buy
02/26/18	phillip	Sembcorp Industries	3.24	3.86	Accumulate	Sum of parts
02/26/18	UOB Kay Hian	Sembcorp Industries	3.24	3.28	Hold	Sum of parts, Buy @ $2.90
02/26/18	CIMB	Sembcorp Industries	3.24	4.13	Add	Sum of parts, PER8x FY18, PB0.63x FY18
02/27/18	DBS Vickers	Sembcorp Industries	3.2	4.4	Buy	Sum of parts (10% discount), PB1.1x