UOB Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/01/20	CIMB	UOB	19.03	20.58	Hold
10/07/20	OCBC	UOB	19.53	21.5	Buy
10/12/20	phillip	UOB	19.45	20.4	Accumulate
10/21/20	Kim Eng	UOB	19.63	20.79	Hold
10/22/20	DBS Vickers	UOB	19.92	22.2	Buy
11/03/20	DBS Vickers	UOB	19.03	22.2	Buy	GGM, PB0.85x FY21
11/04/20	phillip	UOB	19.45	20.4	Accumulate
11/04/20	Lim & Tan	UOB	19.45	0	Accumulate
11/05/20	CIMB	UOB	19.8	22.52	Add	GGM
11/05/20	Kim Eng	UOB	19.8	21.24	Hold	DDM
11/06/20	OCBC	UOB	20.44	21.5	Buy
11/09/20	phillip	UOB	20.45	21.1	Accumulate	GGM, PB0.83x FY21
11/09/20	Jefferies	UOB	20.45	22	Hold
11/13/20	OCBC	UOB	21.6	24.3	Buy
11/18/20	Jefferies	UOB	22.04	25	Buy
11/24/20	DBS Vickers	UOB	23.13	24.8	Buy	GGM, PB1x FY21
11/25/20	Kim Eng	UOB	23.6	21.24	Sell
11/30/20	CIMB	UOB	23.06	27.72	Add	GGM, PB1.1x FY21
12/01/20	Macquarie	UOB	22.51	23.5	Outperform
12/07/20	phillip	UOB	23.05	21.1	Neutral
12/07/20	Kim Eng	UOB	23.05	21.24	Sell
12/16/20	Macquarie	UOB	22.89	26.25	Outperform
01/04/21	DBS Vickers	UOB	22.59	24.8	Buy
01/04/21	CIMB	UOB	22.59	27.72	Add
01/06/21	phillip	UOB	22.57	21.1	Neutral
01/12/21	OCBC	UOB	23.79	26.3	Buy	GGM, PB1.2x
01/25/21	Macquarie	UOB	23.7	26.25	Outperform
01/27/21	DBS Vickers	UOB	23.33	26.8	Buy	GGM, PB1.04x FY21
01/27/21	Kim Eng	UOB	23.33	25.57	Hold
02/02/21	Macquarie	UOB	23.55	26.6	Outperform
02/04/21	phillip	UOB	23.52	21.1	Neutral
02/17/21	DMG & Partners	UOB	24.02	21	Neutral
02/25/21	DBS Vickers	UOB	23.88	26.8	Buy	GGM, PB1.04x FY21
02/25/21	Lim & Tan	UOB	23.88	0	Accumulate
02/26/21	Macquarie	UOB	24.64	26.6	Outperform
02/26/21	DBS Vickers	UOB	24.64	27.6	Buy
02/26/21	Kim Eng	UOB	24.64	26.24	Hold
02/26/21	CIMB	UOB	24.64	27.72	Add	GGM
03/01/21	OCBC	UOB	24.62	27.3	Buy
03/01/21	DMG & Partners	UOB	24.62	26.4	Neutral	GGM, PB1.05x
03/03/21	phillip	UOB	24.99	28.7	Accumulate	PB1.17x
04/01/21	CIMB	UOB	25.83	27.72	Add
04/01/21	DBS Vickers	UOB	25.83	27.6	Buy
04/05/21	phillip	UOB	25.8	28.7	Accumulate
04/20/21	DBS Vickers	UOB	26.23	29.2	Buy	GGM, PB1.1x FY22
04/22/21	Macquarie	UOB	25.79	29	Outperform
05/06/21	OCBC	UOB	26.3	29	Buy	PB
05/06/21	Lim & Tan	UOB	26.3	0	Accumulate
05/07/21	phillip	UOB	26.03	28.7	Accumulate	GGM, PB1.17x FY21
05/07/21	Kim Eng	UOB	26.03	29.34	Buy
05/07/21	DMG & Partners	UOB	26.03	30.2	Buy
05/07/21	CIMB	UOB	26.03	28.84	Add
05/12/21	Macquarie	UOB	26.18	30	Outperform
06/02/21	DBS Vickers	UOB	26.31	29.2	Buy	GGM, PB1.1x FY22
06/07/21	phillip	UOB	26.1	28.7	Accumulate
06/07/21	Kim Eng	UOB	26.1	29.34	Buy
06/29/21	CIMB	UOB	25.75	28.84	Add
07/05/21	Macquarie	UOB	25.85	30	Outperform
07/09/21	phillip	UOB	25.58	28.7	Accumulate
07/23/21	DBS Vickers	UOB	25.92	29.2	Buy	PB
07/29/21	CIMB	UOB	25.92	28.84	Add
08/04/21	DBS Vickers	UOB	25.85	29.2	Buy	GGM, PB1.1x FY22
08/04/21	Lim & Tan	UOB	25.85	30	Buy
08/05/21	phillip	UOB	26.31	29	Accumulate	GGM, PB1.17x FY21
08/05/21	Kim Eng	UOB	26.31	29.34	Buy
08/06/21	Macquarie	UOB	26.49	30	Outperform
08/06/21	DMG & Partners	UOB	26.49	30.2	Buy
08/06/21	CIMB	UOB	26.49	29	Add
08/06/21	OCBC	UOB	26.49	30.5	Buy	GGM, PB1.32x
09/01/21	CIMB	UOB	25.58	29	Add
09/02/21	Macquarie	UOB	25.65	31.8	Outperform	PB
09/16/21	DMG & Partners	UOB	25.6	30.2	Buy
10/01/21	DBS Vickers	UOB	25.85	29.2	Buy
10/20/21	Macquarie	UOB	26.77	33.5	Outperform
10/20/21	Kim Eng	UOB	26.77	29.34	Buy
10/22/21	DMG & Partners	UOB	26.8	30.2	Buy
11/03/21	Macquarie	UOB	27.39	33.5	Outperform	PB
11/03/21	DBS Vickers	UOB	27.39	29.2	Buy	GGM, PB1.1x FY22
11/03/21	Lim & Tan	UOB	27.39	0	Accumulate
11/05/21	phillip	UOB	27.2	29	Accumulate	GGM, PB1.17x FY21
11/05/21	Kim Eng	UOB	27.2	31.15	Buy	DDM
11/08/21	Macquarie	UOB	27.58	33	Outperform	PB
11/10/21	DBS Vickers	UOB	27.9	31	Buy	GGM, PB1.2x FY22
11/10/21	DMG & Partners	UOB	27.9	33.5	Buy

Stock calls for 17 November 2021

Date	Analyst	Company	Last	Target	Call	Valuation
11/17/21	DMG & Partners	APAC Realty	0.81	0.9	Neutral
11/17/21	UOB Kay Hian	ART	1.07	1.2	Buy
11/17/21	UOB Kay Hian	CDL Hospitality	1.26	1.24	Hold
11/17/21	Lim & Tan	City Developments	7.22	9.15	Accumulate
11/17/21	DBS Vickers	Delfi	0.745	1.07	Buy	PER18x FY22
11/17/21	CIMB	Delfi	0.745	1.02	Add
11/17/21	UOB Kay Hian	Frasers Centrepoint Trust	2.38	2.98	Buy
11/17/21	Lim & Tan	Hongkong Land	5.75	6.5	Accumulate
11/17/21	DBS Vickers	Hutchison Port	0.225	0.33	Buy
11/17/21	CIMB	UG Healthcare	0.285	0.42	Add
11/17/21	UOB Kay Hian	UMS	1.48	1.66	Buy	Ex-Bonus
11/17/21	CIMB	UMS	1.48	1.63	Add

Singapore Nodx increased 17.9% y-o-y in October.

https://www.theedgesingapore.com/news/singapore-economy/singapores-nodx-expands-179-october-thanks-growth-electronics-and-non

Year on year changes (YOY):

October 2021: 17.9%

September 2021: 12.3%

August 2021: 2.7%

July 2021: 12.7%

June 2021: 15.9%

May 2021: 8.8%

April 2021: 6%

March 2021: 12.1%

February 2021: 4.2%

January 2021: 12.8%

December 2020: 6.8%

November 2020: -4.9%

October 2020: -3.1%

September 2020: 5.9%

August 2020: 7.7%

July 2020: 6%

June 2020: 16.1% (Revised to 13.9%)

May 2020: -4.6%

April 2020: 9.7%

March 2020: 17.6%

February 2020: 3% (Revised to 3.1%)

January 2020: - 3.3%

December 2019: 2.4%

November 2019: - 5.9%

October 2019: - 12.3%

September 2019: -8.1%

August 2019: - 8.9%

July 2019: -11.2%

June 2019: -17.3%

May 2019: -15.9%

April 2019: -10%

March 2019: -11.7%

February 2019: 4.9%

January 2019: -10.1%

December 2018: -8.5%

November 2018: -2.6%

October 2018: 8.3%

September 2018: 8.3%

August 2018: 5%

July 2018: 11.8% (Corrected)

June 2018: 1.1%

May 2018: 15.5%

April 2018: 11.8%

March 2018: -2.7%

February 2018: -5.9%

January 2018: 13%

December 2017: 3.1%

November 2017: 9.1%

October 2017: 20.9%

September 2017: -1.1%

August 2017: 16.7%

July 2017: 8.5%

June 2017: 8.2%

May 2017: -1.2%

Apr 2017: -0.7%

Mar 2017: 16.5%

Feb 2017: 21.1%

Unusual - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/23/21	DMG & Partners	Unusual	0.138	0.14	Neutral	Cut from $0.16

United Hamspire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/17/20	UOB Kay Hian	United Hamspire	0.58	0.92	Buy	DDM
01/11/21	UOB Kay Hian	United Hamspire	0.645	0.92	Buy
03/02/21	UOB Kay Hian	United Hamspire	0.67	0.95	Buy
05/17/21	UOB Kay Hian	United Hamspire	0.69	0.95	Buy
10/06/21	Lim & Tan	United Hamspire	0.665	0.87	Buy	DDM
10/08/21	HSBC	United Hamspire	0.68	0.85	Buy

United Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/18/21	SAC Capital	United Global	0.4	0.445	Hold