UOB - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/12/25	Citi Research	UOB	37.35	36.9	Hold	GGM, PB1.3x FY25
03/12/25	Jefferies	UOB	37.35	43	Buy
03/12/25	DBS Vickers	UOB	37.35	38.5	Hold
03/21/25	phillip	UOB	37.8	41.8	Accumulate	GGM, PB1.49x FY25
03/24/25	Lim & Tan	UOB	37.95	42.5	Accumulate
03/24/25	MorningStar	UOB	37.95	37.6	Hold
04/03/25	DMG & Partners	UOB	36.17	41.6	Buy	GGM, PB1.38x FY25
04/07/25	Lim & Tan	UOB	35.46	0	Hold
04/07/25	Citi Research	UOB	35.46	34.8	Hold
04/08/25	DBS Vickers	UOB	33.23	32.7	Hold	GGM, PB1x FY26
04/10/25	Kim Eng	UOB	30.99	32.02	Hold
04/21/25	CIMB	UOB	34.8	38.8	Add
04/22/25	DMG & Partners	UOB	35.3	37.6	Neutral
05/07/25	DBS Vickers	UOB	34.98	32.7	Hold	GGM, PB1x FY26
05/07/25	CIMB	UOB	34.98	38.6	Add	GGM
05/07/25	Lim & Tan	UOB	34.98	38.8	Hold
05/07/25	MorningStar	UOB	34.98	39	Buy	GGM, PB1.3x FY25
05/09/25	phillip	UOB	34.55	35.5	Accumulate	GGM, PB1.26x FY25
05/09/25	MorningStar	UOB	34.55	37.5	Hold
05/19/25	Jefferies	UOB	35.5	40	Buy
06/06/25	Citi Research	UOB	35.21	34.7	Hold	GGM, PB1.2x FY25/26
06/10/25	CIMB	UOB	35.33	38.6	Add	GGM
06/12/25	phillip	UOB	35.12	36.3	Accumulate
06/19/25	Lim & Tan	UOB	34.83	37.99	Accumulate
07/07/25	phillip	UOB	36.12	36.3	Accumulate
07/15/25	CIMB	UOB	36.88	38.6	Add	GGM
08/07/25	DBS Vickers	UOB	36.45	32.7	Hold	GGM, PB1x FY26
08/07/25	Lim & Tan	UOB	36.45	38.27	Hold
08/08/25	DBS Vickers	UOB	35.81	33.9	Hold	GGM, PB1x FY26
08/08/25	Kim Eng	UOB	35.81	38.36	Hold	DDM
08/08/25	CIMB	UOB	35.81	38.3	Hold	GGM
08/08/25	OCBC	UOB	35.81	38.2	Hold	Cut from $41.50
08/11/25	phillip	UOB	35.7	34.6	Neutral	GGM, PB1.23x FY25
08/11/25	Lim & Tan	UOB	35.7	0	Hold
08/11/25	JPM	UOB	35.7	36.5	Neutral
08/11/25	Citi Research	UOB	35.7	34.8	Hold
10/17/25	DBS Vickers	UOB	34.58	33.9	Hold	GGM, PB1x FY26
10/21/25	phillip	UOB	34.3	34.6	Accumulate	GGM, PB1.23x FY25
10/21/25	Citi Research	UOB	34.3	34.5	Hold
11/06/25	Lim & Tan	UOB	34.87	37.24	Accumulate on weakness
11/06/25	Citi Research	UOB	34.87	33.7	Hold
11/07/25	phillip	UOB	33.9	30.4	Neutral	GGM, PB1.08x FY25
11/07/25	DBS Vickers	UOB	33.9	33.9	Hold	GGM, PB1x FY26
11/10/25	DMG & Partners	UOB	33.86	36.1	Buy	Cut from $38.80
01/09/26	JPM	UOB	36.01	34	Neutral
01/26/26	phillip	UOB	39.5	36.7	Neutral
01/27/26	CIMB	UOB	38.5	40.9	Hold	GGM
02/16/26	Citi Research	UOB	38.47	39	Hold	GGM, PB1.3x FY26
02/24/26	DBS Vickers	UOB	38.8	35.7	Hold	GGM, PB1.1x FY26
02/24/26	Lim & Tan	UOB	38.8	0	Hold
02/25/26	OCBC	UOB	37.2	41	Hold
02/26/26	phillip	UOB	36.98	37	Neutral	GGM, PB1.26x FY26
03/20/26	Lim & Tan	UOB	37.16	39	Accumulate on weakness

United Hampshire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/25	Amfrasers	United Hampshire	0.49	0.6	Outperform	DDM
08/14/25	UOB Kay Hian	United Hampshire	0.485	0.7	Buy	DDM
01/29/26	Phillip	United Hampshire	0.54	0.69	Buy	DDM
02/20/26	Lim & Tan	United Hampshire	0.56	0.69	Hold
02/23/26	UOB Kay Hian	United Hampshire	0.56	0.72	Buy	DDM
02/23/26	Phillip	United Hampshire	0.56	0.69	Buy	DDM
03/09/26	Amfrasers	United Hampshire	0.52	0.69	Outperform	DDM
03/23/26	Phillip	United Hampshire	0.515	0.69	Buy	DDM

UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/25	UOB Kay Hian	UMS	1.07	1.21	Buy	PER17.6x FY25
03/04/25	DBS Vickers	UMS	1.07	1.31	Buy	PER18x FY25
03/04/25	Lim & Tan	UMS	1.07	1.16	Hold
03/04/25	Kim Eng	UMS	1.07	1.16	Buy	PER14x FY25/26
04/10/25	DBS Vickers	UMS	0.93	1.31	Buy	PER18x FY25
04/22/25	UOB Kay Hian	UMS	1.02	1.21	Buy	PER17.6x FY25
05/13/25	DBS Vickers	UMS	1.05	1.31	Buy	PER18x FY25
05/13/25	Lim & Tan	UMS	1.05	1.23	Accumulate
05/14/25	UOB Kay Hian	UMS	1.12	1.32	Buy	PER17.5x FY26
05/14/25	DBS Vickers	UMS	1.12	1.38	Buy	PER18.8x FY25/26
05/16/25	Kim Eng	UMS	1.15	1.19	Buy
06/12/25	UOB Kay Hian	UMS	1.21	1.32	Buy	PER17.5x FY26
07/16/25	UOB Kay Hian	UMS	1.39	1.73	Buy	PER23x FY26
07/22/25	Kim Eng	UMS	1.46	1.59	Buy
07/25/25	DBS Vickers	UMS	1.48	1.84	Buy	PER25x FY25/26
08/05/25	UOB Kay Hian	UMS	1.54	1.73	Buy	PER23x FY26
08/14/25	DBS Vickers	UMS	1.48	1.84	Buy	PER25x FY25/26
08/14/25	Kim Eng	UMS	1.48	1.59	Buy
08/25/25	CIMB	UMS	1.38	1.87	Add	Up from $1.06
10/03/25	Lim & Tan	UMS	1.45	0	Sell/Avoid
10/17/25	DBS Vickers	UMS	1.36	1.84	Buy	PER25x FY25/26
10/29/25	UOB Kay Hian	UMS	1.45	1.73	Buy	PER23x FY26
11/03/25	DMG & Partners	UMS	1.48	1.85	Buy
11/10/25	DBS Vickers	UMS	1.51	1.85	Buy	PER25x FY26
11/11/25	UOB Kay Hian	UMS	1.52	1.66	Buy	PER23x FY26
11/11/25	CIMB	UMS	1.52	1.77	Add	PER
11/12/25	DMG & Partners	UMS	1.44	1.86	Buy
11/12/25	Kim Eng	UMS	1.44	1.59	Buy
01/09/26	DBS Vickers	UMS	1.43	1.85	Buy	PER25x FY26
02/10/26	DBS Vickers	UMS	1.32	1.85	Buy	PER25x FY26
03/02/26	DBS Vickers	UMS	1.45	1.48	Buy	PER25x FY26, Ex-Bonus 1-for-4
03/03/26	UOB Kay Hian	UMS	1.5	1.8	Buy	PER28.4x FY26
03/03/26	DBS Vickers	UMS	1.5	1.83	Buy	PER30x FY26
03/03/26	CIMB	UMS	1.5	1.88	Add	PER
03/03/26	Kim Eng	UMS	1.5	1.88	Buy	PER25x FY26/27
03/04/26	Lim & Tan	UMS	1.53	1.88	Accumulate

Stock calls for 23 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/23/26	JPM	DBS	57.14	70	Overweight
03/23/26	phillip	Elite ComReit	0.34	0.41	Buy	DDM
03/23/26	Macquarie	Haw Par	15.9	20.6	outperform
03/23/26	Lim & Tan	Mapletree Logistics	1.21	1.45	Accumulate on weakness
03/23/26	UOB Kay Hian	Prime US Reit	0.168	0.21	Buy	DDM
03/23/26	phillip	Prime US Reit	0.168	0.32	Buy	DDM
03/23/26	Lim & Tan	Seatrium	2.37	2.7	Accumulate on weakness
03/23/26	DBS Vickers	Singtel	5.21	5.36	Hold	Sum of parts (10% disc)
03/23/26	Phillip	Stoneweg Reit	1.53	1.89	Buy	DDM
03/23/26	UOB Kay Hian	Suntec Reit	1.5	1.71	Buy	DDM
03/23/26	Phillip	United Hampshire	0.515	0.69	Buy	DDM