Far East Orchard - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/13/26	DBS Vickers	Far East Orchard	1.21	2	Unrated	RNAV (30% disc)

Far East Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/25	UOB Kay Hian	Far East Hospitality	0.535	0.76	Buy	DDM
03/21/25	Lim & Tan	Far East Hospitality	0.56	0.7	Accumulate
03/24/25	phillip	Far East Hospitality	0.6	0.73	Buy	DDM
04/08/25	UOB Kay Hian	Far East Hospitality	0.515	0.77	Buy	DDM
04/30/25	DBS Vickers	Far East Hospitality	0.555	0.75	Buy	DCF
05/02/25	phillip	Far East Hospitality	0.545	0.7	Buy	DDM
05/02/25	CIMB	Far East Hospitality	0.545	0.74	Add	DDM
05/30/25	UOB Kay Hian	Far East Hospitality	0.565	0.71	Buy	DDM
06/27/25	UOB Kay Hian	Far East Hospitality	0.565	0.78	Buy	DDM
07/30/25	DBS Vickers	Far East Hospitality	0.61	0.75	Buy	DCF
07/30/25	Lim & Tan	Far East Hospitality	0.61	0.64	Accumulate on weakness
07/31/25	phillip	Far East Hospitality	0.61	0.7	Buy	DDM
08/04/25	CIMB	Far East Hospitality	0.595	0.74	Add	DDM
09/30/25	UOB Kay Hian	Far East Hospitality	0.6	0.81	Buy	DDM
10/06/25	Lim & Tan	Far East Hospitality	0.61	0.66	Accumulate
10/30/25	DBS Vickers	Far East Hospitality	0.615	0.7	Buy	DCF
10/31/25	CIMB	Far East Hospitality	0.615	0.76	Add	DDM
12/08/25	DBS Vickers	Far East Hospitality	0.61	0.7	Buy	DCF
02/12/26	DBS Vickers	Far East Hospitality	0.625	0.7	Buy	DCF
02/12/26	Lim & Tan	Far East Hospitality	0.625	0.71	Accumulate
02/13/26	CIMB	Far East Hospitality	0.62	0.72	Add	DDM
02/16/26	UOB Kay Hian	Far East Hospitality	0.625	0.85	Buy	DDM
03/17/26	DBS Vickers	Far East Hospitality	0.565	0.75	Buy	RNAV (15% disc)

F&N - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/22/25	DBS Vickers	F&N	1.38	1.93	Unrated	Sum of parts
01/05/26	Lim & Tan	F&N	1.5	1.5	Hold
02/09/26	uSMART	F&N	1.5	1.91	Hold

Stock calls for 22 April 2026

Date	Analyst	Company	Last	Target	Call	Valuation
04/22/26	Lim & Tan	Beng Kuang Marine	0.49	0.59	Buy
04/22/26	CIMB	Dairy Farm	4.16	5.5	Add	PER
04/22/26	DBS Vickers	Hong Leong Asia	3.17	3.9	Buy	Sum of parts
04/22/26	UOB Kay Hian	Hong Leong Asia	3.17	4.9	Buy	Sum of parts
04/22/26	Kim Eng	Isoteam	0.084	0.12	Buy	PER11x FY26/27
04/22/26	UOB Kay Hian	Keppel Reit	0.91	1.13	Buy	DDM
04/22/26	DBS Vickers	Nam Cheong	1.54	1.9	Buy	PER12x FY26
04/22/26	CIMB	Nam Cheong	1.54	1.92	Add	PER
04/22/26	DBS Vickers	OUE Commercial	0.37	0.45	Buy	DCF
04/22/26	phillip	Phil AP Div Reit	0.878	1.14	Accumulate	Sum of parts
04/22/26	uSMART	Soon Hock	0.635	0.72	Buy

Ever Glory Uinited Holdings - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/12/25	phillip	Ever Glory Uinited Holdings	0.57	0.81	Buy	PER
09/03/25	Lim & Tan	Ever Glory Uinited Holdings	0.74	0.81	Watchlist
11/20/25	CIMB	Ever Glory Uinited Holdings	0.7	0.87	Add
12/17/25	Amfrasers	Ever Glory Uinited Holdings	0.7	1.2	Outperform	DCF
02/05/26	CIMB	Ever Glory Uinited Holdings	0.685	0.87	Add	PER
03/03/26	CIMB	Ever Glory Uinited Holdings	0.76	0.9	Add	PER
03/09/26	phillip	Ever Glory Uinited Holdings	0.77	1.05	Buy	PER18x FY27
03/17/26	Amfrasers	Ever Glory Uinited Holdings	0.745	1.28	Outperform	DCF

ESR Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/23/25	CIMB	ESR-Reit	0.205	0.36	Add	DDM
07/14/25	DMG & Partners	ESR-Reit	2.42	3.25	Buy	Share cosol 10-into-1, Up from $3.15
07/29/25	DBS Vickers	ESR-Reit	2.64	3.1	Buy	DCF
07/30/25	DBS Vickers	ESR-Reit	2.71	3.2	Buy	DCF
08/04/25	CIMB	ESR-Reit	2.74	3.55	Add	DDM
10/28/25	DBS Vickers	ESR-Reit	2.87	3.2	Buy	DCF
10/30/25	CIMB	ESR-Reit	2.91	3.64	Add	DDM
10/30/25	DMG & Partners	ESR-Reit	2.91	3.15	Buy
11/06/25	Kim Eng	ESR-Reit	2.82	3	Buy	DDM
12/15/25	Lim & Tan	ESR-Reit	2.74	3.3	Accumulate
02/04/26	DBS Vickers	ESR-Reit	2.71	3.2	Buy	DCF
02/05/26	CIMB	ESR-Reit	2.75	3.43	Add	DDM
02/05/26	Kim Eng	ESR-Reit	2.75	3	Buy	DDM

Elite ComReit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/13/25	UOB Kay Hian	Elite ComReit	0.3	0.35	Buy	DDM
05/02/25	phillip	Elite ComReit	0.295	0.35	Buy	DDM
05/02/25	DMG & Partners	Elite ComReit	0.295	0.35	Buy	DDM
05/05/25	Lim & Tan	Elite ComReit	0.29	0.35	Accumulate
05/06/25	UOB Kay Hian	Elite ComReit	0.29	0.35	Buy	DDM
06/11/25	DBS Vickers	Elite ComReit	0.335	0.36	Buy	DCF
06/11/25	CIMB	Elite ComReit	0.335	0.35	Add
06/11/25	Lim & Tan	Elite ComReit	0.335	0	Accumulate on weakness
06/23/25	phillip	Elite ComReit	0.305	0.35	Buy	DDM
07/15/25	DBS Vickers	Elite ComReit	0.32	0.36	Buy	DCF
07/24/25	CIMB	Elite ComReit	0.34	0.38	Add
08/01/25	phillip	Elite ComReit	0.345	0.39	Buy	DDM
08/04/25	DBS Vickers	Elite ComReit	0.35	0.4	Buy	DCF
08/06/25	DMG & Partners	Elite ComReit	0.345	0.37	Buy
09/19/25	UOB Kay Hian	Elite ComReit	0.35	0.39	Buy	DDM
09/22/25	phillip	Elite ComReit	0.35	0.39	Buy	DDM
10/23/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
11/04/25	Lim & Tan	Elite ComReit	0.36	0.4	Hold
11/19/25	Amfrasers	Elite ComReit	0.36	0.41	Outperform	DDM
11/24/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
12/23/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
01/07/26	phillip	Elite ComReit	0.36	0.39	Buy	DDM
02/06/26	DBS Vickers	Elite ComReit	0.355	0.4	Buy	DCF
02/10/26	DMG & Partners	Elite ComReit	0.365	0.4	Buy
02/12/26	phillip	Elite ComReit	0.36	0.41	Buy	DDM
03/23/26	phillip	Elite ComReit	0.34	0.41	Buy	DDM
03/30/26	DBS Vickers	Elite ComReit	0.335	0.4	Buy	DCF

Stock calls for 21 April 2026

Date	Analyst	Company	Last	Target	Call	Valuation
04/21/26	CIMB	Capitaland Integrated Commercial Trust	2.39	2.74	Add	DDM
04/21/26	Lim & Tan	Capitaland Integrated Commercial Trust	2.39	2.67	Accumulate
04/21/26	UOB Kay Hian	Centurion	1.66	1.9	Buy	PER12.4x FY26
04/21/26	CIMB	Isoteam	0.081	0.11	Add	PER
04/21/26	Lim & Tan	Keppel Corp	11.86	13.38	Accumulate
04/21/26	DBS Vickers	Keppel Reit	0.92	1.05	Buy
04/21/26	DBS Vickers	OCBC	22.67	25.5	Buy	GGM, PB1.7x FY27