Starhub - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/19	Kim Eng	Starhub	1.49	2.18	Buy
05/06/19	Phillip	Starhub	1.58	1.62	Neutral
05/06/19	UOB Kay Hian	Starhub	1.58	1.45	Sell	DCF
05/06/19	CIMB	Starhub	1.58	1.65	Hold	DCF (10% discount)
05/06/19	DMG & Partners	Starhub	1.58	1.72	Neutral	DCF
05/06/19	OCBC	Starhub	1.58	1.64	Hold
05/06/19	Kim Eng	Starhub	1.58	2	buy	DCF
06/03/19	Phillip	Starhub	1.49	1.62	Accumlate	EV/Ebitda6x FY19
06/06/19	DMG & Partners	Starhub	1.49	1.72	Neutral
07/17/19	UOB Kay Hian	Starhub	1.54	1.45	Sell	DCF
08/07/19	Phillip	Starhub	1.48	1.58	Accumlate	EV/Ebitda6x
08/07/19	DMG & Partners	Starhub	1.48	1.52	Neutral	DCF
08/07/19	OCBC	Starhub	1.48	1.52	Hold
08/07/19	UOB Kay Hian	Starhub	1.48	1.45	Sell
08/07/19	DBS Vickers	Starhub	1.48	1.55	Hold	EV/Ebitda 6.6x FY19
08/13/19	CIMB	Starhub	1.45	1.65	Hold	DCF
08/13/19	Citibank	Starhub	1.45	1.22	Sell
10/18/19	DBS Vickers	Starhub	1.28	1.55	Hold
10/24/19	DBS Vickers	Starhub	1.32	1.3	Hold	EV/Ebitda6x FY20
10/24/19	CIMB	Starhub	1.32	1.65	Hold
10/24/19	Kim Eng	Starhub	1.32	2	Buy
11/06/19	CIMB	Starhub	1.32	1.65	Add	DCF
11/06/19	Kim Eng	Starhub	1.32	2	Buy	DCF
11/06/19	DMG & Partners	Starhub	1.32	1.44	Neutral	DCF
11/06/19	UOB Kay Hian	Starhub	1.32	1.45	Hold	EV/Ebitda5.4x, Buy @ $1.25
11/07/19	Phillip	Starhub	1.43	1.58	Accumlate	EV/Ebitda6x
11/07/19	OCBC	Starhub	1.43	1.32	Hold
11/07/19	DBS Vickers	Starhub	1.43	1.43	Buy	EV/Ebitda6x
01/03/20	DBS Vickers	Starhub	1.42	1.43	Buy	EV/Ebitda6x
01/14/20	DMG & Partners	Starhub	1.46	1.44	Neutral
01/21/20	UOB Kay Hian	Starhub	1.48	1.45	Hold	DCF, Buy @ $1.25
01/24/20	DBS Vickers	Starhub	1.49	1.72	Buy	DCF
01/24/20	Citibank	Starhub	1.49	1.22	Sell
02/21/20	UOB Kay Hian	Starhub	1.5	1.45	Hold	Buy @ $1.25
02/21/20	DMG & Partners	Starhub	1.5	1.63	Neutral	DCF
02/21/20	DBS Vickers	Starhub	1.5	1.72	Buy
02/21/20	CIMB	Starhub	1.5	1.8	Add	DCF
02/24/20	Phillip	Starhub	1.52	1.7	Accumlate	EV/Ebitda6.5x FY20
02/24/20	OCBC	Starhub	1.52	1.53	Hold
03/13/20	CIMB	Starhub	1.43	1.8	Add	DCF, EV/Ebitda7x FY20
03/13/20	DBS Vickers	Starhub	1.43	1.72	Buy	DCF
03/26/20	DBS Vickers	Starhub	1.27	1.4	Buy	DCF
04/30/20	DBS Vickers	Starhub	1.45	1.75	Buy	DCF
04/30/20	DMG & Partners	Starhub	1.45	1.63	Neutral
05/08/20	Phillip	Starhub	1.49	1.45	Neutral	EV/Ebitda 6x FY20
05/08/20	DMG & Partners	Starhub	1.49	1.51	Neutral	DCF
05/08/20	UOB Kay Hian	Starhub	1.49	1.4	Hold	Buy @ $1.20
05/08/20	DBS Vickers	Starhub	1.49	1.75	Buy	DCF
05/08/20	Lim & Tan	Starhub	1.49	0	Take Profit
05/08/20	OCBC	Starhub	1.49	1.39	Hold
05/08/20	CIMB	Starhub	1.49	1.7	Add	DCF

Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/29/19	OCBC	Starhill	0.75	0.8	Buy
04/29/19	DMG & Partners	Starhill	0.75	0.78	Buy	DDM
04/29/19	DBS Vickers	Starhill	0.75	0.8	Buy
04/29/19	CIMB	Starhill	0.75	0.77	Add
04/29/19	Kim Eng	Starhill	0.75	0.7	Hold
04/30/19	UOB Kay Hian	Starhill	0.755	0.9	Buy	DDM
05/07/19	DMG & Partners	Starhill	0.74	0.78	Buy	DDM
06/06/19	DMG & Partners	Starhill	0.735	0.78	Buy
06/17/19	OCBC	Starhill	0.755	0.8	Buy
07/04/19	DMG & Partners	Starhill	0.78	0.78	Buy
07/31/19	CIMB	Starhill	0.8	0.79	Hold
08/02/19	DMG & Partners	Starhill	0.78	0.78	Neutral	DDM
08/06/19	OCBC	Starhill	0.775	0.81	Buy
10/07/19	CIMB	Starhill	0.74	0.75	Hold	DDM
12/10/19	DMG & Partners	Starhill	0.725	0.8	Neutral
01/30/20	DMG & Partners	Starhill	0.71	0.76	Neutral	DDM
02/04/20	DBS Vickers	Starhill	0.715	0.8	Buy	DCF
04/02/20	DBS Vickers	Starhill	0.41	0.45	Hold
04/15/20	CIMB	Starhill	0.485	0.71	Buy
04/23/20	DMG & Partners	Starhill	0.49	0.76	Buy
05/05/20	Lim & Tan	Starhill	0.48	0	Hold
05/29/20	DBS Vickers	Starhill	0.46	0.5	Hold
06/03/20	DMG & Partners	Starhill	0.535	0.63	Buy	DDM

ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/15/19	Kim Eng	ST Engineering	3.82	4.25	Buy
04/25/19	UOB Kay Hian	ST Engineering	3.9	4.7	Buy	EV/Invested capital basis
04/25/19	DMG & Partners	ST Engineering	3.9	4.1	Buy
04/25/19	Kim Eng	ST Engineering	3.9	4.3	Buy	DCF
04/26/19	DBS Vickers	ST Engineering	3.89	4.15	Buy
05/13/19	UOB Kay Hian	ST Engineering	4.02	4.7	Buy
05/16/19	OCBC	ST Engineering	3.9	4.22	Buy
05/16/19	DBS Vickers	ST Engineering	3.9	4.5	Buy	Sum of parts
05/16/19	CIMB	ST Engineering	3.9	4.43	Add	PER22x FY20
05/22/19	DMG & Partners	ST Engineering	3.96	4.45	Buy	DCF & PER20.5x FY20 & PB5.5x FY20 & EV/Ebitda11x FY20
06/06/19	DMG & Partners	ST Engineering	4	4.45	Buy
06/06/19	DBS Vickers	ST Engineering	4	4.5	Buy
06/13/19	OCBC	ST Engineering	4.09	4.38	Buy
06/13/19	UOB Kay Hian	ST Engineering	4.09	4.7	Buy
07/05/19	DMG & Partners	ST Engineering	4.24	4.45	Buy	PER20.5x FY20 & PB5.5x FY20 & EV/Ebitda11x FY20 & DCF
07/15/19	UOB Kay Hian	ST Engineering	4.29	4.7	Buy
08/15/19	UOB Kay Hian	ST Engineering	4.22	4.36	Hold
08/15/19	DMG & Partners	ST Engineering	4.22	4.7	Buy	Sum of parts
08/15/19	OCBC	ST Engineering	4.22	4.64	Buy	DCF
08/16/19	CIMB	ST Engineering	4.07	4.36	Add	Sum of parts
08/16/19	DBS Vickers	ST Engineering	4.07	4.64	Buy	Sum of parts
08/16/19	Lim & Tan	ST Engineering	4.07	0	Hold
09/11/19	DMG & Partners	ST Engineering	3.9	4.7	Buy
09/18/19	UOB Kay Hian	ST Engineering	3.9	4.34	Buy
09/20/19	Kim Eng	ST Engineering	3.92	4.3	Hold
10/01/19	DBS Vickers	ST Engineering	3.84	4.64	Buy
10/02/19	DMG & Partners	ST Engineering	3.85	4.7	Buy	Sum of parts
10/08/19	Kim Eng	ST Engineering	3.91	4.5	Buy	DCF
10/09/19	UOB Kay Hian	ST Engineering	3.92	4.34	Buy
10/14/19	CIMB	ST Engineering	4.02	4.36	Add
11/11/19	DMG & Partners	ST Engineering	4.12	4.7	Buy	Sum of parts
11/12/19	DBS Vickers	ST Engineering	4	4.64	Buy
11/12/19	CIMB	ST Engineering	4	4.47	Add
11/12/19	Kim Eng	ST Engineering	4	4.5	Buy
11/12/19	OCBC	ST Engineering	4	4.64	Buy
11/12/19	DMG & Partners	ST Engineering	4	4.55	Buy	Sum of parts
11/12/19	UOB Kay Hian	ST Engineering	4	4.32	Buy
12/19/19	DMG & Partners	ST Engineering	3.9	4.55	Buy
01/08/20	DMG & Partners	ST Engineering	4.02	4.55	Buy	PER22x FY20 & PB5.8x & EV/Ebitda11x
02/19/20	Macquarie	ST Engineering	4.3	5	outperform
02/24/20	Lim & Tan	ST Engineering	4.24	0	Hold
02/25/20	DMG & Partners	ST Engineering	4.2	4.9	Buy	Sum of parts
02/25/20	UOB Kay Hian	ST Engineering	4.2	4.46	Buy
02/25/20	DBS Vickers	ST Engineering	4.2	4.6	Buy
02/25/20	CIMB	ST Engineering	4.2	4.66	Add
03/05/20	Macquarie	ST Engineering	4.36	5	outperform
03/17/20	DMG & Partners	ST Engineering	3.36	4.9	Buy	Sum of parts
04/07/20	DMG & Partners	ST Engineering	3.03	4.9	Buy
04/17/20	DMG & Partners	ST Engineering	3.44	4.65	Buy	Sum of parts
04/22/20	UOB Kay Hian	ST Engineering	3.33	3.6	Hold	EV/Invested capital basis, Buy @ $3.10
04/22/20	CIMB	ST Engineering	3.33	3.86	Add	Sum of parts
04/28/20	DMG & Partners	ST Engineering	3.24	4.15	Buy	Sum of parts
05/18/20	DMG & Partners	ST Engineering	3.27	3.9	Buy	Sum of parts
05/18/20	UOB Kay Hian	ST Engineering	3.27	3.5	Hold	Buy @ $3-3.10
05/18/20	DBS Vickers	ST Engineering	3.27	3.4	Hold	Sum of parts

Stock calls for 16 June 2020

Date	Analyst	Company	Last	Target	Call	Valuation
06/16/20	DBS Vickers	ARA Logistics	0.525	0.7	Buy	DCF
06/16/20	DMG & Partners	Fu Yu	0.23	0.28	Buy	DCF
06/16/20	DMG & Partners	Japan Foods	0.33	0.35	Neutral
06/16/20	DMG & Partners	Jumbo	0.29	0.19	Sell
06/16/20	DMG & Partners	Kimly	0.22	0.24	Neutral
06/16/20	CIMB	Perennial Reit	0.94	0.994	Accept offer	Offer $0.95
06/16/20	DBS Vickers	Tuan Sing	0.235	0.38	Buy	Sum of parts

SPH Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/08/19	Kim Eng	SPH Reit	1.06	1.05	Hold	DDM
04/08/19	CIMB	SPH Reit	1.06	1.08	Hold	DDM
04/08/19	OCBC	SPH Reit	1.06	1	Hold
04/08/19	DBS Vickers	SPH Reit	1.06	1.15	Buy	DCF
07/12/19	CIMB	SPH Reit	1.12	1.11	Hold	DDM
07/12/19	Lim & Tan	SPH Reit	1.12	0	Hold
07/15/19	OCBC	SPH Reit	1.1	1.05	Hold
07/16/19	Kim Eng	SPH Reit	1.1	1.05	Hold	DDM
07/17/19	DBS Vickers	SPH Reit	1.11	1.2	Buy	DCF
10/11/19	CIMB	SPH Reit	1.11	1.09	Hold	DDM
10/11/19	DBS Vickers	SPH Reit	1.11	1.25	Buy	DCF
10/11/19	Kim Eng	SPH Reit	1.11	1.1	Hold	DDM
10/14/19	OCBC	SPH Reit	1.13	1.05	Hold
10/15/19	OCBC	SPH Reit	1.15	1.1	Hold
11/08/19	DBS Vickers	SPH Reit	1.14	1.25	Buy
11/08/19	CIMB	SPH Reit	1.14	1.16	Hold	DDM
01/13/20	Kim Eng	SPH Reit	1.08	1.15	Buy	DDM
01/13/20	OCBC	SPH Reit	1.08	1.13	Hold
01/13/20	Lim & Tan	SPH Reit	1.08	0	Buy on weakness
01/13/20	CIMB	SPH Reit	1.08	1.16	Add
01/13/20	DBS Vickers	SPH Reit	1.08	1.2	Buy
03/17/20	Kim Eng	SPH Reit	0.87	1.15	Buy
04/02/20	DBS Vickers	SPH Reit	0.75	0.7	Fully Valued
04/02/20	Kim Eng	SPH Reit	0.75	0.8	Hold	DDM
04/02/20	CIMB	SPH Reit	0.75	1.12	Add
05/29/20	DBS Vickers	SPH Reit	0.825	0.8	Hold
06/03/20	DBS Vickers	SPH Reit	0.88	0.8	Hold

SPH - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/03/19	UOB Kay Hian	SPH	2.43	2.82	Buy
04/10/19	Lim & Tan	SPH	2.53	0	Hold
04/10/19	CIMB	SPH	2.53	2.64	Hold	Sum of parts
04/18/19	UOB Kay Hian	SPH	2.46	2.86	Buy	Sum of parts
04/18/19	OCBC	SPH	2.46	2.55	Hold
05/13/19	UOB Kay Hian	SPH	2.39	2.86	Buy
06/06/19	UOB Kay Hian	SPH	2.31	2.86	Buy	Sum of parts
07/15/19	UOB Kay Hian	SPH	2.49	2.33	Hold	Sum of parts, Buy @ $2.10
07/16/19	CIMB	SPH	2.32	2.22	Hold	Sum of parts
07/16/19	DBS Vickers	SPH	2.32	2.22	Hold	Sum of parts
09/10/19	Lim & Tan	SPH	1.99	0	Hold
10/21/19	UOB Kay Hian	SPH	2.15	2.25	Hold	Sum of parts, Buy @ $2
10/21/19	DBS Vickers	SPH	2.15	2.19	Hold	Sum of parts
12/23/19	Lim & Tan	SPH	2.16	0	Hold
01/06/20	UOB Kay Hian	SPH	2.15	2.3	Hold	Sum of parts, Buy @ $2
01/14/20	UOB Kay Hian	SPH	2.18	2.22	Hold	Sum of parts, Buy @ $2
01/14/20	CIMB	SPH	2.18	2.11	Hold	Sum of parts
01/14/20	DBS Vickers	SPH	2.18	2.12	Hold
01/15/20	Lim & Tan	SPH	2.14	0	Hold
01/15/20	OCBC	SPH	2.14	2.28	Hold
03/06/20	UOB Kay Hian	SPH	1.88	2.22	Hold
03/09/20	UOB Kay Hian	SPH	1.89	2.25	Buy	Sum of parts
03/19/20	Lim & Tan	SPH	1.83	0	Hold
03/26/20	UOB Kay Hian	SPH	1.74	2.04	Buy
04/02/20	UOB Kay Hian	SPH	1.78	1.61	Hold	Sum of parts, Buy @ $1.40
04/08/20	CIMB	SPH	1.6	1.57	Hold	Sum of parts
04/08/20	Lim & Tan	SPH	1.6	0	Sell
04/08/20	DBS Vickers	SPH	1.6	1.56	Hold	Sum of parts
04/09/20	UOB Kay Hian	SPH	1.53	1.39	Hold	Sum of parts, Buy @ $1.20
04/28/20	UOB Kay Hian	SPH	1.49	1.5	Hold	Buy @ $1.3
05/21/20	UOB Kay Hian	SPH	1.5	1.52	Hold	Sum of parts, Buy @ $1.30
05/21/20	Lim & Tan	SPH	1.5	0	Hold
05/22/20	DBS Vickers	SPH	1.56	1.57	Hold

Soilbuild Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/22/19	OCBC	Soilbuild Reit	0.63	0.62	Hold
04/22/19	DBS Vickers	Soilbuild Reit	0.63	0.63	Hold	DCF
05/31/19	OCBC	Soilbuild Reit	0.6	0.62	Hold
07/17/19	Amfrasers	Soilbuild Reit	0.615	0.609	Neutral	DDM
07/18/19	Lim & Tan	Soilbuild Reit	0.61	0	Hold
07/19/19	UOB Kay Hian	Soilbuild Reit	0.615	0.6	Hold
07/19/19	DBS Vickers	Soilbuild Reit	0.615	0.63	Hold	DCF
09/03/19	OCBC	Soilbuild Reit	0.55	0.58	Accept offer
10/18/19	DBS Vickers	Soilbuild Reit	0.525	0.55	Hold	DCF
10/18/19	OCBC	Soilbuild Reit	0.525	0.52	Hold
10/18/19	Amfrasers	Soilbuild Reit	0.525	0.58	Neutral
01/24/20	DBS Vickers	Soilbuild Reit	0.52	0.55	Hold	DCF
01/28/20	OCBC	Soilbuild Reit	0.515	0.52	Hold
02/04/20	Amfrasers	Soilbuild Reit	0.5	0.55	Neutral
03/02/20	DBS Vickers	Soilbuild Reit	0.495	0.55	Hold
04/20/20	DBS Vickers	Soilbuild Reit	0.39	0.5	Buy	DCF
04/21/20	OCBC	Soilbuild Reit	0.4	0.38	Hold
05/27/20	Amfrasers	Soilbuild Reit	0.38	0.48	Neutral

Stock calls for 15 June 2020

Date	Analyst	Company	Last	Target	Call	Valuation
06/15/20	DMG & Partners	APAC Realty	0.395	0.5	Buy	DCF
06/15/20	DBS Vickers	Koufu	0.655	0.75	Buy	PER17x FY20/21
06/15/20	CIMB	Koufu	0.655	0.86	Buy
06/15/20	DBS Vickers	Mapletree Logistics	1.89	2.05	Buy
06/15/20	DBS Vickers	Yangzijiang	0.98	1.4	Buy	Sum of parts

Baltic dry index - 923

Today, Friday, June 12 2020, the Baltic Dry Index climbed by 84 points, reaching 923 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

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Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 969

Related stock: Keppel Corp, Sembcorp Marine & Cosco.