Stock calls for 24 February 2023

Date	Analyst	Company	Last	Target	Call	Valuation
02/24/23	DBS Vickers	ARA Hospitality	0.4	0.55	Buy	DCF
02/24/23	Uob Kay Hian	Capitaland Investment	3.79	4.28	Buy	Sum of parts
02/24/23	DBS Vickers	Capitaland Investment	3.79	4.25	Buy
02/24/23	UOB Kay Hian	City Developments	7.84	9.7	Buy
02/24/23	DBS Vickers	Dairy Farm	3.15	3.9	Buy
02/24/23	DBS Vickers	Daiwa House	0.635	0.8	Buy
02/24/23	DBS Vickers	HRnetGroup	0.815	1.08	Buy
02/24/23	Kim Eng	HRnetGroup	0.815	1.04	Buy
02/24/23	DBS Vickers	Ireit	0.515	0.6	Buy
02/24/23	CIMB	Nanofilm	1.45	1.39	Hold	PER12.6x FY24
02/24/23	Lim & Tan	OCBC	12.64	14.88	Buy
02/24/23	phillip	SATS	2.8	2.92	Neutral	PER20x FY24
02/24/23	CIMB	Singapore Post	0.535	0.58	Hold
02/24/23	DBS Vickers	ST Engineering	3.55	4.1	Buy
02/24/23	Lim & Tan	ST Engineering	3.55	4.12	Buy
02/24/23	UOB Kay Hian	Yangzijiang	1.33	1.58	Buy	PER9x FY23

A banking crisis is developing in Vietnam. - Part 2

https://finance.yahoo.com/news/vietnam-property-debt-crisis-deepens-020923163.html

Our concern has materialised.  The Vietnamese property market is having a crisis which will hurt the banking industry quite badly.

https://sg-stock.blogspot.com/2019/07/a-banking-crisis-is-developing-in.html

Top Glove - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/22	Lim & Tan	Top Glove	0.555	0	Neutral
06/10/22	CIMB	Top Glove	0.385	0.315	Reduce	Ringgit target $1, Cut from $1.30
06/10/22	UOB Kay Hian	Top Glove	0.385	0.36	Hold	Ringgit target $1.15, PER23.5x FY23
09/21/22	CIMB	Top Glove	0.215	0.156	Reduce	Ringgit target $0.50
09/21/22	UOB Kay Hian	Top Glove	0.215	0.237	Hold	Ringgit target $0.76, PER31.4x FY23, Cut from $0.95

Tiong Woon - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/22	Lim & Tan	Tiong Woon	0.46	0	Accumulate
02/15/22	Lim & Tan	Tiong Woon	0.48	0	Accumulate
03/14/22	Lim & Tan	Tiong Woon	0.5	0	Buy
08/23/22	UOB Kay Hian	Tiong Woon	0.555	0.88	Buy	PB0.7x FY22
08/29/22	UOB Kay Hian	Tiong Woon	0.54	0.85	Buy	PB0.7x FY22
02/15/23	Lim & Tan	Tiong Woon	0.47	0.85	Accumulate

Tianjin Zhongxin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/31/22	Lim & Tan	Tianjin Zhongxin	1.08	1.6	Buy
08/10/22	Lim & Tan	Tianjin Zhongxin	1.03	1.6	Buy
09/12/22	Lim & Tan	Tianjin Zhongxin	1.03	1.6	Buy
11/09/22	Lim & Tan	Tianjin Zhongxin	1	1.6	Buy

Stock calls for 23 February 2023

Date	Analyst	Company	Last	Target	Call	Valuation
02/23/23	CIMB	Aztech	0.845	0.91	Add	PER7.5x FY23
02/23/23	DBS Vickers	Capitaland Investment	3.85	4.3	Buy
02/23/23	DBS Vickers	City Developments	7.95	10.5	Buy
02/23/23	DMG & Partners	Comfortdelgro	1.16	1.6	Buy	DCF
02/23/23	DBS Vickers	Frasers Logistics	1.24	1.55	Buy
02/23/23	DBS Vickers	IHH Healthcare	1.83	2.55	Buy	Ringgit $7.90 target price
02/23/23	UOB Kay Hian	Nanofilm	1.41	1.28	Hold	PER18x FY23
02/23/23	Lim & Tan	Overseas Edu	0.26	0	Hold
02/23/23	UOB Kay Hian	Parkway Life	4	4.49	Buy	DDM
02/23/23	CIMB	SATS	2.72	3.1	Add	DCF
02/23/23	UOB Kay Hian	SIA	5.77	5.35	Sell	PB1.06x FY24
02/23/23	Citi Research	SIA	5.77	5.16	Sell
02/23/23	CIMB	SIA	5.77	6.14	Hold
02/23/23	OCBC	SIA	5.77	6.47	Buy
02/23/23	CIMB	UOB	30.99	34.8	Add	GGM
02/23/23	Lim & Tan	UOB	30.99	34	Accumulate on weakness
02/23/23	DBS Vickers	Yangzijiang	1.35	1.7	Buy