Stock calls for 15 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/15/23	OCBC	ART	1	1.23	Buy
03/15/23	OCBC	CDL Hospitality	1.19	1.38	Buy
03/15/23	DMG & Partners	Comfortdelgro	1.16	1.4	Buy	DCF
03/15/23	UOB Kay Hian	DBS	32.33	42	Buy	GGM, PB1.86x FY23
03/15/23	phillip	Del Monte	0.25	0.4	Buy	PER6x FY23
03/15/23	OCBC	Far East Hospitality	0.605	0.68	Buy
03/15/23	Lim & Tan	Ho Bee	2.22	3.38	Buy
03/15/23	CIMB	Mapletree Logistics	1.65	1.84	Add	DDM
03/15/23	UOB Kay Hian	OCBC	12.07	16.92	Buy	GGM, PB1.39x FY23
03/15/23	OCBC	SIA	5.65	6.47	Buy
03/15/23	OCBC	SIA Engineering	2.22	2.74	Buy

The recent collapse of SVB had prompted a downshift in Fed expectations.

 
Although the FED expectations had declined after the collapse of SVB, we believed that the FED would hike its rate in March 2023 to contain the US inflation.

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
01/13/23	CIMB	BRC Asia	1.83	2.5	Add
02/09/23	DBS Vickers	BRC Asia	1.86	2.22	Buy
02/09/23	Lim & Tan	BRC Asia	1.86	0	Hold
02/13/23	CIMB	BRC Asia	1.82	2.4	Add	PER6x CY24
02/16/23	Phillip	BRC Asia	1.84	2.14	Buy	PER7x FY23
03/10/23	UOB Kay Hian	BRC Asia	1.77	1.66	Hold	PER7x FY23

Boustead Projects - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/10/22	CIMB	Boustead Projects	0.9	1.25	Add	RNAV (25% disc)
11/24/22	CIMB	Boustead Projects	0.795	1.35	Add	RNAV (25% disc)
02/07/23	Lim & Tan	Boustead Projects	0.84	0.9	Hold	Offer @ $0.90

Boustead - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/10/22	CIMB	Boustead	0.95	1.3	Add
11/28/22	CIMB	Boustead	0.785	1.35	Add
02/07/23	CIMB	Boustead	0.825	1.35	Add	Sum of parts (20% disc)