Stock calls for 3 November 2022

Date	Analyst	Company	Last	Target	Call	Valuation
11/03/22	DBS Vickers	Capitaland Investment	3.08	4.3	Buy
11/03/22	DBS Vickers	Comfortdelgro	1.32	1.95	Buy
11/03/22	CIMB	DBS	33.66	40.2	Add	GGM
11/03/22	Lim & Tan	DBS	33.66	40	Accumulate
11/03/22	DBS Vickers	Hour Glass	1.97	2.12	Hold	PER9x FY23/24
11/03/22	UOB Kay Hian	Keppel Pacific	0.57	0.74	Buy
11/03/22	UOB Kay Hian	Manulife US Reit	0.355	0.63	Buy	DDM
11/03/22	DBS Vickers	Manulife US Reit	0.355	0.48	Buy
11/03/22	DMG & Partners	Manulife US Reit	0.355	0.64	Buy	DDM
11/03/22	CIMB	Manulife US Reit	0.355	0.69	Add
11/03/22	DBS Vickers	Nanofilm	1.79	2.54	Buy	PER20x FY23
11/03/22	Citi Research	Nanofilm	1.79	1.55	Sell	PER14x FY23
11/03/22	Lim & Tan	Nanofilm	1.79	2.72	Sell
11/03/22	Citi Research	Netlink	0.865	0.95	Buy
11/03/22	DBS Vickers	Netlink	0.865	0.9	Hold
11/03/22	OCBC	Raffles Medical	1.33	1.5	Buy
11/03/22	Kim Eng	Raffles Medical	1.33	1.6	Buy
11/03/22	UOB Kay Hian	SIA Engineering	2.17	2.6	Buy	DCF
11/03/22	DBS Vickers	SIA Engineering	2.17	2.8	Buy
11/03/22	Lim & Tan	Singapore Medical	0.38	0.43	Accept offer	Revised offer $0.40

Pan-United - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/10/21	phillip	PanUnited	0.33	0.44	Buy	EV/Ebitda7.8x FY21
01/06/22	Lim & Tan	PanUnited	0.335	0.5	Buy
03/14/22	Lim & Tan	PanUnited	0.35	0	Buy
03/14/22	phillip	PanUnited	0.35	0.46	Buy	PER16x FY22
03/21/22	Lim & Tan	PanUnited	0.35	0.54	Buy	EV/Ebitda5.6x
03/30/22	CIMB	PanUnited	0.385	0.53	Add	PER12.3x
03/30/22	SAC Capital	PanUnited	0.385	0.56	Buy	EV/Ebitda6.6x FY23
04/07/22	CIMB	PanUnited	0.41	0.56	Add
05/05/22	CIMB	PanUnited	0.4	0.56	Add
06/13/22	phillip	PanUnited	0.43	0.68	Buy	PER12x FY22
06/13/22	SAC Capital	PanUnited	0.43	0.53	Buy
07/15/21	Lim & Tan	PanUnited	0.465	0.68	Accumulate
08/05/22	CIMB	PanUnited	0.45	0.57	Add
08/11/22	SAC Capital	PanUnited	0.445	0.53	Buy
08/12/22	phillip	PanUnited	0.45	0.54	Buy	PER12x FY22
08/22/22	Lim & Tan	PanUnited	0.44	0.54	Buy
09/22/22	CIMB	PanUnited	0.43	0.57	Add
09/23/22	Lim & Tan	PanUnited	0.43	0.54	Buy	EV/Ebitda6.9x

Oxpay - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/16/21	Amfrasers	Oxpay	0.29	0.42	Outperform	PER25x FY22
03/15/22	Amfrasers	Oxpay	0.153	0.3	Outperform	PER18x FY22

Oxley - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/31/21	UOB Kay Hian	Oxley	0.22	0.28	Buy	RNAV (40% discount)
12/17/21	Lim & Tan	Oxley	0.183	0.28	Buy

Stock calls for 2 November 2022

Date	Analyst	Company	Last	Target	Call	Valuation
11/02/22	UOB Kay Hian	ART	0.96	1.27	Buy	DDM
11/02/22	Kim Eng	Aztech	0.8	0.83	Hold
11/02/22	Phillip	First Sponsor	1.24	1.39	Accumulate	Sum of parts
11/02/22	Kim Eng	Frencken	0.875	1.05	Hold
11/02/22	UOB Kay Hian	Japfa	0.53	0.57	Hold	Sum of parts, PER10.3x FY23
11/02/22	CIMB	Japfa	0.53	0.72	Add	Sum of parts
11/02/22	CIMB	LHN	0.145	0.16	Add
11/02/22	DBS Vickers	Manulife US Reit	0.355	0.7	Buy
11/02/22	Lim & Tan	Parkway Life	3.97	4.7	Hold
11/02/22	DMG & Partners	Raffles Medical	1.34	1.65	Buy	DCF
11/02/22	Citi Research	SIA	5.31	5.19	Neutral	PB1.2x FY24
11/02/22	CIMB	SIA	5.31	6.1	Add	PB0.9x FY24
11/02/22	DBS Vickers	SIA Engineering	2.22	2.65	Hold
11/02/22	Lim & Tan	SIA Engineering	2.22	0	Hold
11/02/22	Kim Eng	Venture	16.2	19.55	Buy