Stock calls for 24 February 2025

Date	Analyst	Company	Last	Target	Call	Valuation
02/24/25	phillip	Phil AP Div Reit	1.079	0.99	Neutral
02/24/25	DMG & Partners	Riverstone	1	1.2	Buy	DCF, PER20x FY25
02/24/25	UOB Kay Hian	SATS	3.3	3.86	Buy	PER18.4x FY27
02/24/25	phillip	SATS	3.3	4.34	Buy	DCF
02/24/25	DBS Vickers	SATS	3.3	4	Buy	EV/Ebitda8.3x FY25/26
02/24/25	OCBC	SATS	3.3	4.11	Buy
02/24/25	UOB Kay Hian	Seatrium	2.38	2.96	Buy	PB1.5x
02/24/25	CIMB	Seatrium	2.38	2.8	Add	PB
02/24/25	DMG & Partners	SGX	12.8	13.6	Neutral	PER22x FY25
02/24/25	Phillip	SIA	6.55	5.73	Neutral	PB1.1x FY25
02/24/25	DBS Vickers	SIA	6.55	6.3	Hold	EV/Ebitda5x FY25/26
02/24/25	OCBC	SIA	6.55	6.5	Hold	PB1.09x FY25
02/24/25	DBS Vickers	Starhub	1.24	1.46	Buy	DCF
02/24/25	DMG & Partners	Starhub	1.24	1.14	Neutral	DCF
02/24/25	DBS Vickers	Venture	12.94	14.7	Buy	PER17x FY25
02/24/25	Phillip	Venture	12.94	11.8	Neutral
02/24/25	Lim & Tan	Venture	12.94	0	Accumulate
02/24/25	UOB Kay Hian	Wilmar	3.08	3.45	Buy	Sum of parts
02/24/25	DMG & Partners	Wilmar	3.08	3	Neutral	Sum of parts