Stock calls for 26 January 2023

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/23	UOB Kay Hian	DBS	35.51	45.35	Buy	GGM, PB1.95x FY23
01/26/23	Kim Eng	Frencken	1.05	1.21	Buy
01/26/23	Citi Research	Lendlease Reit	0.71	0.78	Buy
01/26/23	UOB Kay Hian	OCBC	12.85	17.75	Buy	GGM, PB1.4x FY23
01/26/23	OCBC	SGX	9.26	10.4	Buy
01/26/23	DMG & Partners	Sheng Siong	1.65	1.76	Buy	PER19x FY23
01/26/23	DBS Vickers	Paragon Reit	0.975	1.1	Buy	DCF

KSH - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/22	Lim & Tan	KSH	0.345	0	Buy
05/05/22	Lim & Tan	KSH	0.35	0	Accumulate
07/28/22	Lim & Tan	KSH	0.35	0.46	Buy	Sum of parts
09/27/22	Lim & Tan	KSH	0.345	0.46	Accumulate	Sum of parts
11/22/22	Lim & Tan	KSH	0.355	0.46	Accumulate	Sum of parts

Koda - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/22	Phillip	Koda	0.7	1.1	Buy	PER7x FY22, Ex-cash
02/21/22	SAC Capital	Koda	0.7	1.14	Buy
09/05/22	Phillip	Koda	0.5	0.5	Neutral	PER5x FY23, Ex-cash
09/05/22	SAC Capital	Koda	0.5	0.64	Buy

Kimly - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/22	CIMB	Kimly	0.405	0.56	Add
01/18/22	DMG & Partners	Kimly	0.41	0.46	Buy	DCF (12% disc)
03/09/22	DBS Vickers	Kimly	0.385	0.5	Buy
03/14/22	CIMB	Kimly	0.385	0.54	Add
03/14/22	UOB Kay Hian	Kimly	0.385	0.38	Hold	PER16x FY22
03/15/22	DMG & Partners	Kimly	0.39	0.46	Buy	DCF (12% disc)
05/12/22	DBS Vickers	Kimly	0.39	0.5	Buy
05/13/22	CIMB	Kimly	0.38	0.41	Hold	PER15.4x FY23
06/13/22	UOB Kay Hian	Kimly	0.385	0.37	Hold	PER15x FY22
09/12/22	Lim & Tan	Kimly	0.355	0.44	Buy
09/12/22	CIMB	Kimly	0.355	0.41	Hold	PER15.4x FY23
11/25/22	CIMB	Kimly	0.35	0.39	Hold
12/12/22	UOB Kay Hian	Kimly	0.345	0.36	Hold	PER12.7x FY23

Stock calls for 25 January 2023

Date	Analyst	Company	Last	Target	Call	Valuation
01/25/23	DBS Vickers	AIMS AMP Cap Ind Reit	1.31	1.4	Buy
01/25/23	Lim & Tan	AIMS AMP Cap Ind Reit	1.31	1.51	Hold
01/25/23	DBS Vickers	Sabana	0.425	0.48	Hold
01/25/23	UOB Kay Hian	SATS	2.93	3.28	Buy	EV/Ebitda9.7x FY25
01/25/23	UOB Kay Hian	Suntec Reit	1.39	1.4	Hold	DDM
01/25/23	Citi Research	Suntec Reit	1.39	1.4	Hold

Baltic dry index - 763

Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 771

Related stock: Sembcorp Marine & Cosco.

Kim Heng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/20/22	SAC Capital	Kim Heng	0.086	0.1016	Hold	DCF