UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/17/22	DBS Vickers	UMS	1.44	1.8	Buy
02/03/22	Kim Eng	UMS	1.2	1.71	Buy
02/09/22	UOB Kay Hian	UMS	1.21	1.8	Buy	PER15.5x FY22
03/01/22	DBS Vickers	UMS	1.2	1.8	Buy
03/02/22	Lim & Tan	UMS	1.23	1.77	Buy
03/03/22	DBS Vickers	UMS	1.21	1.7	Buy	PER17x FY22
03/04/22	Kim Eng	UMS	1.21	1.42	Buy
04/04/22	SAC Capital	UMS	1.21	1.39	Hold	Cut from $1.8
04/28/22	UOB Kay Hian	UMS	1.18	1.45	Buy	PER15.4x FY22
05/11/22	DBS Vickers	UMS	1.14	1.7	Buy
05/11/22	Lim & Tan	UMS	1.14	1.52	Buy
05/12/22	Kim Eng	UMS	1.22	1.5	Buy	PER14x FY22
05/13/22	CIMB	UMS	1.16	1.63	Add	PER14.45x FY23
05/26/22	UOB Kay Hian	UMS	1.14	1.45	Buy	PER15.4x FY22
06/03/22	SAC Capital	UMS	1.17	1.55	Buy
06/30/22	DBS Vickers	UMS	1.12	1.7	Buy
07/26/22	DBS Vickers	UMS	1.16	1.7	Buy
08/15/22	DBS Vickers	UMS	1.21	1.7	Buy
08/15/22	CIMB	UMS	1.21	1.63	Add
08/16/22	UOB Kay Hian	UMS	1.24	1.4	Buy	PER11x FY23
08/16/22	DBS Vickers	UMS	1.24	1.83	Buy	PER15x FY22
08/23/22	CIMB	UMS	1.26	2.03	Add	PER14.45x FY23
08/23/22	SAC Capital	UMS	1.26	1.75	Buy
09/15/22	DBS Vickers	UMS	1.3	1.83	Buy
09/15/22	CIMB	UMS	1.3	2.17	Add	PER15x FY23
10/13/22	Kim Eng	UMS	1.17	1.2	Hold	PER8.5x
10/14/22	DBS Vickers	UMS	1.09	1.14	Hold	PER9x FY23
10/14/22	CIMB	UMS	1.09	1.37	Add
10/17/22	UOB Kay Hian	UMS	1.01	1.07	Hold	PER8.5x FY23
11/14/22	UOB Kay Hian	UMS	1.07	1.38	Buy	PER8.5x FY23
11/14/22	DBS Vickers	UMS	1.07	1.14	Hold	PER9x FY23
11/14/22	Kim Eng	UMS	1.07	1.34	Buy	PER8x FY23
11/14/22	Lim & Tan	UMS	1.07	1.2	Buy
11/15/22	DBS Vickers	UMS	1.16	1.42	Buy	PER9x FY23
01/04/23	UOB Kay Hian	UMS	1.21	1.38	Buy	PER8.5x FY23
01/09/23	Kim Eng	UMS	1.23	1.34	Buy
02/07/23	UOB Kay Hian	UMS	1.3	1.32	Hold	PER9.6x FY23
02/07/23	Kim Eng	UMS	1.3	1.33	Hold
02/17/23	DBS Vickers	UMS	1.16	1.74	Buy	PER11x FY23
03/01/23	DBS Vickers	UMS	1.08	1.53	Buy	PER10x FY23
03/02/23	UOB Kay Hian	UMS	1.07	1.1	Hold	PER9.6x FY23
03/06/23	Lim & Tan	UMS	1.02	1.25	Buy
03/08/23	Kim Eng	UMS	1.03	1.11	Hold
05/11/23	DBS Vickers	UMS	1.01	1.53	Buy
05/11/23	Lim & Tan	UMS	1.01	1.25	Buy
05/12/23	DBS Vickers	UMS	0.965	1.2	Buy	PER10x
05/16/23	Kim Eng	UMS	0.92	0.94	Hold

Stock calls for 31 May 2023

Date	Analyst	Company	Last	Target	Call	Valuation
05/31/23	Amfrasers	Fortress Minerals	0.34	0.46	outperform	DCF & EV/Resource3.6x
05/31/23	DMG & Partners	Marco Polo	0.051	0.06	Buy	DCF
05/31/23	CIMB	SATS	2.75	3.1	Add	DCF
05/31/23	Lim & Tan	SATS	2.75	3.23	Hold
05/31/23	Citi Research	SATS	2.75	2.98	Hold	PER20x FY25
05/31/23	Citi Research	Sheng Siong	1.63	1.92	Buy
05/31/23	Lim & Tan	SIA Engineering	2.42	2.63	Buy

UG Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/15/22	DMG & Partners	UG Healthcare	0.27	0.29	Neutral
02/15/22	Phillip	UG Healthcare	0.27	0.32	Buy	PER5x FY22
02/17/22	CIMB	UG Healthcare	0.27	0.42	Add
05/19/22	Phillip	UG Healthcare	0.22	0.32	Buy
05/23/22	CIMB	UG Healthcare	0.22	0.42	Add	PER11.2x CY23
08/31/22	Phillip	UG Healthcare	0.215	0.2	Neutral
08/31/22	CIMB	UG Healthcare	0.215	0.35	Add	PER9.6x CY23

Tuan Sing - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/22	DBS Vickers	Tuan Sing	0.455	0.66	Buy	Sum of parts
02/28/22	DBS Vickers	Tuan Sing	0.45	0.63	Buy	Sum of parts
08/22/22	Lim & Tan	Tuan Sing	0.36	0	Accept offer

TTJ - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/23/22	Lim & Tan	TTJ	0.169	0.23	Reject offer	Offer $0.23

Stock calls for 29 May 2026.

Date	Analyst	Company	Last	Target	Call	Valuation
05/29/23	DMG & Partners	Japan Foods	0.435	0.65	Buy
05/29/23	UOB Kay Hian	Propnex	1.07	1.16	Buy	Ex-Bonus 1-for-1
05/29/23	Citi Research	Sembcorp Industries	5.02	5.98	Buy
05/29/23	Phillip	Singtel	2.47	2.84	Accumulate	Sum of parts

US core PCE price index increased in April 2023.

The US core PCE increased in April 2023 which showed that the US inflation was rather sticky and the US Fed might have to increase its rates in June FOMC meeting.