Stock calls for 16 November 2022

Date	Analyst	Company	Last	Target	Call	Valuation
11/15/22	Kim Eng	Bumitama	0.615	0.88	Buy
11/15/22	UOB Kay Hian	Comfortdelgro	1.36	1.59	Buy	Sum of parts
11/15/22	DBS Vickers	Comfortdelgro	1.36	1.85	Buy
11/15/22	UOB Kay Hian	First Resources	1.71	1.85	Hold	PER9x FY23
11/15/22	DBS Vickers	First Resources	1.71	2.5	Buy
11/15/22	Kim Eng	First Resources	1.71	1.79	Buy
11/15/22	DMG & Partners	First Resources	1.71	1.75	Neutral	PER8x FY23
11/15/22	DMG & Partners	Golden Agri	0.285	0.33	Buy
11/15/22	CIMB	Q&M	0.34	0.45	Add
11/15/22	DBS Vickers	Sarine	0.4	0.47	Buy	PER11x FY23
11/15/22	phillip	Sembcorp Industries	3.02	3.68	Buy	PB1.2x FY22
11/15/22	DBS Vickers	Silverlake	0.315	0.48	Buy	PER18x
11/15/22	CIMB	Silverlake	0.315	0.44	Add
11/15/22	DBS Vickers	Singtel	2.76	3.15	Buy
11/15/22	DBS Vickers	UMS	1.16	1.42	Buy	PER9x FY23
11/15/22	UOB Kay Hian	Yangzijiang	1.39	1.55	Hold	PER9x FY23
11/15/22	DBS Vickers	Yangzijiang	1.39	1.7	Buy	PB1.7x FY23, PER11x FY23

SIA - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/07/21	UOB Kay Hian	SIA	4.9	4.15	Sell
07/28/21	DBS Vickers	SIA	5.11	4.9	Hold	PB1.1x FY23
07/30/21	CIMB	SIA	5.18	5.54	Add
08/06/21	OCBC	SIA	5.01	4.9	Hold
09/22/21	UOB Kay Hian	SIA	4.97	4.85	Hold
10/18/21	CIMB	SIA	5.55	5.76	Hold	PB1.06x FY22
11/12/21	DBS Vickers	SIA	5.45	4.9	Hold
11/19/21	CIMB	SIA	5.35	5.81	Hold
11/19/21	Citi Research	SIA	5.35	3.9	Sell
12/02/21	CIMB	SIA	4.82	5.86	Add	PB1.06x FY23
01/28/22	CIMB	SIA	4.96	5.86	Add	PB1.06x FY23
01/28/22	Citi Research	SIA	4.96	4.3	Sell
02/18/22	CIMB	SIA	5.41	5.86	Add
02/18/22	OCBC	SIA	5.41	5.57	Hold
02/25/22	CIMB	SIA	4.94	5.88	Add
02/25/22	DBS Vickers	SIA	4.94	4.9	Hold
03/14/22	UOB Kay Hian	SIA	5.05	4.85	Hold	DCF
03/18/22	CIMB	SIA	5.2	5.88	Add
04/18/22	UOB Kay Hian	SIA	5.46	4.8	Hold
04/25/22	UOB Kay Hian	SIA	5.52	4.85	Hold
04/25/22	CIMB	SIA	5.52	5.92	Hold
05/17/22	DBS Vickers	SIA	5.16	6.2	Buy	PB1.3x FY23/24
05/20/22	UOB Kay Hian	SIA	5.38	4.88	Hold	PB1.12x FY23
05/25/22	Citi Research	SIA	5.49	5.79	Neutral	PB1.35x
06/14/22	CIMB	SIA	5.18	5.75	Hold	PB0.95x FY23
07/14/22	UOB Kay Hian	SIA	5.23	4.88	Hold	PB1.12x FY23
08/01/22	UOB Kay Hian	SIA	5.45	5.18	Hold	PB1.15x FY23
08/01/22	DBS Vickers	SIA	5.45	6.6	Buy	EV/Ebitda6.5x
08/02/22	OCBC	SIA	5.42	5.84	Hold
08/23/22	CIMB	SIA	5.38	6.1	Add
09/21/22	Amfrasers	SIA	5.32	5.5	Buy	Buy @ $5.28
10/05/22	DBS Vickers	SIA	5.11	6.6	Buy
10/18/22	Lim & Tan	SIA	5	5.86	Trading Buy
11/02/22	Citi Research	SIA	5.31	5.19	Neutral	PB1.2x FY24
11/02/22	CIMB	SIA	5.31	6.1	Add	PB0.9x FY24
11/07/22	DBS Vickers	SIA	5.34	6.6	Buy
11/07/22	CIMB	SIA	5.34	5.97	Add
11/07/22	Lim & Tan	SIA	5.34	6.14	Buy
11/08/22	UOB Kay Hian	SIA	5.41	5.18	Hold	PB1.1x FY24
11/08/22	OCBC	SIA	5.41	6.28	Buy	PB0.9x FY24