SIA - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/11/23	DBS Vickers	SIA	5.88	6.8	Buy	EV/Ebitda5.4x FY24
05/17/23	Lim & Tan	SIA	5.92	6.65	Accumulate
05/17/23	CIMB	SIA	5.92	6.15	Hold	PB1x
05/18/23	UOB Kay Hian	SIA	6.01	5.75	Hold	PB1.19x FY24
05/18/23	OCBC	SIA	6.01	6.5	Hold	PB1x
05/18/23	Citi Research	SIA	6.01	6.41	Buy
06/07/23	OCBC	SIA	6.8	7.18	Hold	PB1.1x
06/13/23	Lim & Tan	SIA	7.3	6.2	Take Profit
06/15/23	OCBC	SIA	7.6	7.94	Hold	PB1.15x
06/19/23	UOB Kay Hian	SIA	7.77	7.07	Sell	PB1.44x FY24
06/22/23	Phillip	SIA	7.45	6.8	Reduce	PB1.1x FY24
06/27/23	DBS Vickers	SIA	7.49	6.8	Hold
06/30/23	Lim & Tan	SIA	7.5	6.58	Hold
07/04/23	CIMB	SIA	7.33	6.53	Reduce	PB1.04x
07/10/23	UOB Kay Hian	SIA	7.32	7.07	Sell
07/18/23	UOB Kay Hian	SIA	7.42	7.28	Sell	PB1.44x FY24
07/19/23	Citi Research	SIA	7.46	6.54	Sell	PB1.25x FY25
07/20/23	Lim & Tan	SIA	7.38	6.65	Hold
07/28/23	CIMB	SIA	7.52	6.78	Reduce
07/28/23	Lim & Tan	SIA	7.52	6.68	Accumulate on weakness
07/31/23	UOB Kay Hian	SIA	7.58	6.82	Sell	PB1.35x FY24
07/31/23	Phillip	SIA	7.58	6.8	Reduce	PB1.1x FY24
09/19/23	UOB Kay Hian	SIA	6.8	6.44	Sell	PB1.26x FY25
10/13/23	Amfrasers	SIA	6.44	6.9	Buy
10/17/23	CIMB	SIA	6.33	5.66	Reduce	PB0.91x FY24
11/08/23	Lim & Tan	SIA	6.24	7.1	Hold
11/09/23	Phillip	SIA	6.28	5.45	Reduce	PB1x FY24
11/09/23	UOB Kay Hian	SIA	6.28	6.8	Hold	PB1.26x FY25
11/09/23	OCBC	SIA	6.28	7.29	Buy
11/10/23	CIMB	SIA	6.28	5.47	Reduce	PB1.15x
11/10/23	Citi Research	SIA	6.28	6.54	Sell
11/14/23	Nomura	SIA	6.21	9.17	Buy
11/14/23	Citi Research	SIA	6.21	5.74	Sell
12/11/23	UOB Kay Hian	SIA	6.38	6.8	Hold	PB1.26x FY24
01/10/24	CIMB	SIA	6.43	6.91	Add
01/16/24	UOB Kay Hian	SIA	6.53	6.8	Hold	PB1.26x FY25
01/16/24	DBS Vickers	SIA	6.53	6.8	Hold
01/16/24	Lim & Tan	SIA	6.53	0	Buy
01/19/24	DBS Vickers	SIA	6.42	7	Hold	EV/Ebitda5.1x FY25
01/19/24	Lim & Tan	SIA	6.42	7	Trading Buy
02/01/24	Phillip	SIA	6.68	5.45	Reduce
02/14/24	Citi Research	SIA	7.09	7.72	Buy	PB1.4x FY25
02/21/24	DBS Vickers	SIA	7.37	7	Hold
02/21/24	CIMB	SIA	7.37	7.3	Hold
02/21/24	Lim & Tan	SIA	7.37	7.21	Take Profit
02/21/24	OCBC	SIA	7.37	8	Buy	PB1.24x
02/22/24	UOB Kay Hian	SIA	6.67	6.28	Hold	PB1.18x FY25
02/22/24	Phillip	SIA	6.67	5.91	Reduce	PB1x FY25
02/22/24	DBS Vickers	SIA	6.67	6.1	Hold	EV/Ebitda5x FY24/25
02/22/24	Citi Research	SIA	6.67	7.72	Buy
03/06/24	Phillip	SIA	6.36	5.91	Reduce	PB1x FY25
03/13/24	OCBC	SIA	6.36	8	Buy	PB1.24x
03/19/24	UOB Kay Hian	SIA	6.36	6.31	Hold	PB1.18x FY25
03/19/24	Citi Research	SIA	6.36	6.63	Hold
04/02/24	DBS Vickers	SIA	6.43	6.1	Hold
04/03/24	Phillip	SIA	6.47	5.91	Reduce
04/17/24	UOB Kay Hian	SIA	6.22	6.31	Hold	PB1.18x FY25
04/30/24	CIMB	SIA	6.55	6.76	Hold	PB
05/16/24	DBS Vickers	SIA	6.81	6.1	Hold
05/16/24	Lim & Tan	SIA	6.81	0	Accumulate
05/17/24	UOB Kay Hian	SIA	6.73	6.35	Hold	PB1.18x FY25
05/17/24	DBS Vickers	SIA	6.73	6.5	Hold	EV/Ebitda5x FY24/25
05/17/24	OCBC	SIA	6.73	7.53	Hold
06/05/24	Lim & Tan	SIA	6.8	6.88	Accumulate
06/05/24	Citi Research	SIA	6.8	6.76	Hold
07/02/24	Lim & Tan	SIA	6.88	0	Accumulate
07/15/24	Kim Eng	SIA	7.03	7.1	Hold	PB1.34x FY25
07/17/24	UOB Kay Hian	SIA	7.09	6.43	Hold
07/17/24	CIMB	SIA	7.09	6.78	Hold
07/24/24	DBS Vickers	SIA	7.06	6.5	Hold	EV/Ebitda5x FY24/25
08/01/24	Citi Research	SIA	6.97	6.76	Hold	PB1.25x FY25
08/01/24	CIMB	SIA	6.97	5.88	Hold
08/02/24	Kim Eng	SIA	6.24	6.55	Hold
08/02/24	Phillip	SIA	6.24	5.3	Reduce
08/05/24	DBS Vickers	SIA	6.11	6.4	Hold	EV/Ebitda5x FY25/26
08/16/24	UOB Kay Hian	SIA	6.12	5.71	Sell	PB
09/02/24	Kim Eng	SIA	6.28	6.55	Hold
09/17/24	DBS Vickers	SIA	6.5	6.4	Hold	EV/Ebitda5x FY25/26
09/17/24	UOB Kay Hian	SIA	6.5	5.83	Sell	PB
09/19/24	OCBC	SIA	6.6	6.84	Hold
10/16/24	DBS Vickers	SIA	6.39	6.4	Hold
10/22/24	CIMB	SIA	6.5	5.88	Reduce	PB
11/11/24	DBS Vickers	SIA	6.45	6.4	Hold
11/12/24	UOB Kay Hian	SIA	6.29	5.72	Sell	PB1.09x FY26
11/12/24	Phillip	SIA	6.29	5.25	Reduce	PB1x FY25
11/13/24	DBS Vickers	SIA	6.28	6	Hold	EV/Ebitda5x FY25