Sembcorp Industries - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/03/19	OCBC	Sembcorp Industries	2.47	3.03	Buy
07/04/19	Macquarie	Sembcorp Industries	2.41	2.84	Outperform
08/15/19	CIMB	Sembcorp Industries	2.26	2.83	Add	Sum of parts
08/15/19	UOB Kay Hian	Sembcorp Industries	2.26	2.34	Hold
08/15/19	Citi Research	Sembcorp Industries	2.26	3.05	Buy
08/16/19	DBS Vickers	Sembcorp Industries	2.26	3.2	Buy	Sum of parts (10% discount), PER16x FY19, PB0.8x FY19
09/12/19	DBS Vickers	Sembcorp Industries	2.21	3.2	Buy	Sum of parts (10% discount), PER16x FY19, PB0.8x FY19
09/12/19	Lim & Tan	Sembcorp Industries	2.21	0	Buy
09/18/19	DMG & Partners	Sembcorp Industries	2.22	2.68	Buy	Sum of parts, PER9.9x FY20
09/18/19	OCBC	Sembcorp Industries	2.22	2.79	Buy
10/07/19	UOB Kay Hian	Sembcorp Industries	2.06	2.22	Hold	Buy @ $2
10/08/19	CIMB	Sembcorp Industries	2.08	2.83	Add	Sum of parts
10/09/19	DBS Vickers	Sembcorp Industries	2.11	3.2	Buy
10/25/19	DBS Vickers	Sembcorp Industries	2.28	2.9	Buy
11/15/19	OCBC	Sembcorp Industries	2.29	2.51	Hold	Sum of parts
11/15/19	DMG & Partners	Sembcorp Industries	2.29	2.68	Buy	Sum of parts (20% discount), PER10x FY20
11/18/19	UOB Kay Hian	Sembcorp Industries	2.26	2.19	Hold	Buy @ $2
11/18/19	DBS Vickers	Sembcorp Industries	2.26	2.9	Buy	RNAV (10% discount), PB0.7x
11/18/19	Citi Research	Sembcorp Industries	2.26	2.8	Buy
12/27/19	CIMB	Sembcorp Industries	2.28	2.78	Add
01/21/20	CIMB	Sembcorp Industries	2.28	2.78	Add
02/07/20	DBS Vickers	Sembcorp Industries	2.16	2.21	Hold	Sum of parts (10% discount), PER10.1x FY20, PB0.5x FY20
02/07/20	Citi Research	Sembcorp Industries	2.16	2.8	Buy
02/07/20	OCBC	Sembcorp Industries	2.16	2.13	Hold
02/07/20	UOB Kay Hian	Sembcorp Industries	2.16	2.17	Hold	Buy @ $2.05
02/07/20	Lim & Tan	Sembcorp Industries	2.16	0	Hold
02/07/20	DMG & Partners	Sembcorp Industries	2.16	2.68	Buy	Sum of parts, PER10x FY20
02/24/20	DMG & Partners	Sembcorp Industries	2.01	2.33	Buy	Sum of parts, PER10x FY20
04/29/20	HSBC	Sembcorp Industries	1.57	2.21	Buy	Cut from $2.68
05/19/20	DBS Vickers	Sembcorp Industries	1.55	1.7	Hold	Sum of parts, PB0.5x
05/19/20	Lim & Tan	Sembcorp Industries	1.55	0	Hold
05/19/20	UOB Kay Hian	Sembcorp Industries	1.55	1.7	Hold	Buy @ $1.50
05/19/20	CIMB	Sembcorp Industries	1.55	1.76	Hold
05/20/20	DMG & Partners	Sembcorp Industries	1.55	2	Buy	Sum of parts
06/01/20	DBS Vickers	Sembcorp Industries	1.36	1.7	Buy	Sum of parts (10% discount)
06/09/20	DMG & Partners	Sembcorp Industries	1.53	2.11	Buy	Sum of parts
06/09/20	CIMB	Sembcorp Industries	1.53	2.49	Add	Sum of parts
06/09/20	Lim & Tan	Sembcorp Industries	1.53	0	Buy
07/07/20	DMG & Partners	Sembcorp Industries	1.87	2.11	Buy	Sum of parts
07/20/20	UOB Kay Hian	Sembcorp Industries	1.78	2.2	Buy	Sum of parts
07/20/20	Lim & Tan	Sembcorp Industries	1.78	0	Accumulate
07/20/20	CIMB	Sembcorp Industries	1.78	2.27	Add
09/02/20	Lim & Tan	Sembcorp Industries	1.86	0	Accumulate