Bumitama - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/22	DMG & Partners	Bumitama	0.555	0.47	Neutral
01/12/22	Kim Eng	Bumitama	0.55	0.93	Buy
02/11/22	DMG & Partners	Bumitama	0.59	0.56	Neutral
02/28/22	DBS Vickers	Bumitama	0.735	0.75	Buy
03/01/22	UOB Kay Hian	Bumitama	0.725	0.85	Buy	PER7x FY22
03/02/22	DMG & Partners	Bumitama	0.76	0.9	Buy	PER8x FY22
03/02/22	Kim Eng	Bumitama	0.76	0.98	Buy
03/22/22	DBS Vickers	Bumitama	0.74	1	Buy	DCF
04/12/22	DBS Vickers	Bumitama	0.765	1	Buy
04/12/22	DMG & Partners	Bumitama	0.765	0.9	Buy
05/13/22	UOB Kay Hian	Bumitama	0.695	0.93	Buy	PER7x FY22
05/13/22	DBS Vickers	Bumitama	0.695	1	Buy
05/13/22	Kim Eng	Bumitama	0.695	0.98	Buy
05/13/22	DMG & Partners	Bumitama	0.695	0.95	Buy	PER8x FY23
06/01/22	DMG & Partners	Bumitama	0.725	0.95	Buy
06/23/22	UOB Kay Hian	Bumitama	0.67	0.65	Hold
08/08/22	Kim Eng	Bumitama	0.63	0.98	Buy
08/11/22	DMG & Partners	Bumitama	0.625	0.71	Buy	PER7x FY23
08/15/22	Kim Eng	Bumitama	0.645	0.88	Buy
08/16/22	DMG & Partners	Bumitama	0.635	0.8	Buy	PER7x FY23
08/18/22	UOB Kay Hian	Bumitama	0.645	0.65	Hold	PER6x FY23
08/18/22	Kim Eng	Bumitama	0.635	0.88	Buy
11/15/22	Kim Eng	Bumitama	0.615	0.88	Buy
11/16/22	UOB Kay Hian	Bumitama	0.64	0.65	Hold	PER6x FY23
11/16/22	DBS Vickers	Bumitama	0.64	1	Buy
11/16/22	DMG & Partners	Bumitama	0.64	0.8	Buy

Stock calls for 14 December 2022

Date	Analyst	Company	Last	Target	Call	Valuation
12/14/22	DBS Vickers	Dairy Farm	2.87	3.9	Buy
12/14/22	Lim & Tan	Digicore Reit	0.615	0.87	Buy
12/14/22	Lim & Tan	Keppel Corp	7.44	9.18	Accumulate
12/14/22	Lim & Tan	PanUnited	0.405	0.5	Buy
12/14/22	DBS Vickers	Sheng Siong	1.63	1.92	Buy
12/14/22	UOB Kay Hian	Singtel	2.65	3.02	Buy

Latest global fund manager survey!

The pessimism among the fund managers has stopped deteriorating which bodes well for the economy.

The biggest risk to the fund managers is still inflation.

The Deutsche Bank survey:

The stagflationary risk is very high in 2023.

The next US recession is like to happen in 2023.

Bukit Sembawang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/22	DBS Vickers	Bukit Sembawang	4.96	5.92	Buy
05/30/22	Lim & Tan	Bukit Sembawang	5.18	5.92	Accumulate
06/28/22	DBS Vickers	Bukit Sembawang	4.91	5.92	Buy	RNAV (45% discount)
07/06/22	Lim & Tan	Bukit Sembawang	4.9	5.92	Buy

Broadway - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/22/22	Lim & Tan	Broadway	0.2	0	Accumulate

BRC Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/22	UOB Kay Hian	BRC Asia	1.54	1.76	Buy
01/11/22	Lim & Tan	BRC Asia	1.54	2	Accumulate
01/27/22	CIMB	BRC Asia	1.56	2.1	Add
02/10/22	CIMB	BRC Asia	1.64	2.1	Add
02/11/22	Lim & Tan	BRC Asia	1.7	2	Accumulate
02/14/22	Phillip	BRC Asia	1.68	1.84	Buy	PER11x FY22
02/16/22	UOB Kay Hian	BRC Asia	1.69	2.02	Buy	PER8.8x FY22
03/14/22	Lim & Tan	BRC Asia	1.58	0	Buy
05/05/22	CIMB	BRC Asia	1.65	2.1	Add
05/12/22	CIMB	BRC Asia	1.65	2.5	Add
05/20/22	Phillip	BRC Asia	1.69	2.26	Buy	PER8x FY22
05/27/22	UOB Kay Hian	BRC Asia	1.7	2.15	Buy	PER7x FY22
05/31/22	SAC Capital	BRC Asia	1.77	1.92	Hold
06/08/22	DBS Vickers	BRC Asia	1.75	2.4	Buy	PER8.2x FY23
08/04/22	DBS Vickers	BRC Asia	1.71	2.4	Buy
08/05/22	Phillip	BRC Asia	1.7	2.26	Buy	PER8x FY22
08/18/22	UOB Kay Hian	BRC Asia	1.7	2	Buy	PER7x FY22
09/22/22	CIMB	BRC Asia	1.65	2.5	Add	PB1.74x CY22
11/30/22	DBS Vickers	BRC Asia	1.77	2.4	Buy
12/02/22	UOB Kay Hian	BRC Asia	1.82	2.42	Buy	PER7x FY23
12/02/22	DBS Vickers	BRC Asia	1.82	2.22	Buy	PER8.2x FY23
12/02/22	CIMB	BRC Asia	1.82	2.5	Add
12/05/22	Phillip	BRC Asia	1.83	2.3	Buy	PER7x FY22