Ascott Residence Trust (ART) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/01/22	UOB Kay Hian	ART	1.14	1.31	Buy
08/01/22	Kim Eng	ART	1.17	1.4	Buy	DDM
08/02/22	UOB Kay Hian	ART	1.16	1.35	Buy	DDM
08/02/22	OCBC	ART	1.16	1.29	Buy
08/05/22	DBS Vickers	ART	1.17	1.4	Buy
08/15/22	Lim & Tan	ART	1.18	1.24	Hold
08/17/22	CIMB	ART	1.14	1.25	Add
08/19/22	Phillip	ART	1.15	1.24	Accumulate	DDM
09/20/22	OCBC	ART	1.08	1.29	Buy
09/26/22	UOB Kay Hian	ART	1.09	1.36	Buy	DDM
09/27/22	UOB Kay Hian	ART	1.05	1.29	Buy
10/03/22	UOB Kay Hian	ART	0.98	1.29	Buy	DDM
10/04/22	Phillip	ART	0.965	1.24	Accumulate
10/13/22	UOB Kay Hian	ART	0.935	1.27	Buy
10/25/22	Credit Suisse	ART	0.875	0.97	Buy
11/01/22	Phillip	ART	0.955	1.13	Buy	DDM
11/02/22	UOB Kay Hian	ART	0.96	1.27	Buy	DDM
11/02/22	DBS Vickers	ART	0.96	1.3	Buy
11/30/22	OCBC	ART	0.945	1.2	Buy
12/06/22	Kim Eng	ART	0.975	1.4	Buy
12/15/22	DBS Vickers	ART	1.01	1.31	Buy
01/03/23	UOB Kay Hian	ART	1.05	1.27	Buy
01/05/23	Phillip	ART	1.05	1.13	Buy
01/09/23	UOB Kay Hian	ART	1.03	1.37	Buy
01/18/23	DBS Vickers	ART	1.09	1.3	Buy
01/20/23	CIMB	ART	1.08	1.25	Add
01/31/23	CIMB	ART	1.1	1.27	Add	DDM
02/03/23	UOB Kay Hian	ART	1.12	1.39	Buy	DDM
02/09/23	Phillip	ART	1.1	1.26	Buy	DDM
02/10/23	Kim Eng	ART	1.09	1.25	Buy	DDM
03/15/23	OCBC	ART	1	1.23	Buy
04/04/23	UOB Kay Hian	ART	1.01	1.39	Buy	DDM
04/05/23	DBS Vickers	ART	1.02	1.3	Buy
04/25/23	CIMB	ART	1.07	1.27	Add	DDM
04/28/23	Phillip	ART	1.08	1.26	Buy	DDM
06/01/23	UOB Kay Hian	ART	1.07	1.39	Buy	DDM

Stock calls for 12 June 2023

Date	Analyst	Company	Last	Target	Call	Valuation
06/12/23	Citi Research	DBS	30.91	26.6	Sell	GGM, PB1.12x FY23
06/12/23	UOB Kay Hian	Marco Polo	0.053	0.06	Buy	PB1.3x FY23
06/12/23	Citi Research	OCBC	12.39	12.5	Hold
06/12/23	Kim Eng	Sembcorp Industries	5.47	6	Buy	PER12x FY24
06/12/23	DMG & Partners	ST Engineering	3.66	4.05	Buy	Sum of parts
06/12/23	UOB Kay Hian	UMS	1.03	0.97	Hold

US leading economic indicator is contracting!

The LEI is approaching past crisis level!

Baltic dry index - 1055

Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 695

Related stock: Sembcorp Marine & Cosco.

ARA Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/04/22	Lim & Tan	ARA Hospitality	0.475	0.7	Buy
08/05/22	DBS Vickers	ARA Hospitality	0.47	0.7	Buy
11/08/22	DBS Vickers	ARA Hospitality	0.355	0.55	Buy	DCF
01/05/23	DBS Vickers	ARA Hospitality	0.36	0.55	Buy
02/24/23	DBS Vickers	ARA Hospitality	0.4	0.55	Buy	DCF
04/19/23	DBS Vickers	ARA Hospitality	0.355	0.55	Buy
05/05/23	DBS Vickers	ARA Hospitality	0.35	0.55	Buy

APTV - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/16/22	Phillip	APTV	0.12	0.15	Buy	EV/Ebitda9x FY22
11/21/22	Phillip	APTV	0.109	0.13	Buy	EV/Ebitda8.5x FY23