Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/11/24	DBS Vickers	Wilmar	3.1	4.3	Buy
07/11/24	DBS Vickers	Wilmar	3.12	4.3	Buy	PER13x FY24
07/15/24	CIMB	Wilmar	3.17	3.94	Add	PER11x FY25
08/06/24	UOB Kay Hian	Wilmar	3.09	3.25	Hold	Sum of parts
08/12/24	DMG & Partners	Wilmar	3.07	3.3	Neutral	Sum of parts
08/14/24	DBS Vickers	Wilmar	3.01	4.3	Buy	PER12x FY24
08/15/24	DMG & Partners	Wilmar	3.09	3.1	Neutral	Sum of parts
08/16/24	CIMB	Wilmar	3.13	3.63	Add
08/16/24	Citi Research	Wilmar	3.13	3.67	Buy
09/20/24	CIMB	Wilmar	3.18	3.63	Add
10/11/24	Amfrasers	Wilmar	3.34	3.6	Buy
10/18/24	UOB Kay Hian	Wilmar	3.31	3.25	Hold	Sum of parts
10/18/24	Aletheia Capital	Wilmar	3.31	2.1	Sell
11/01/24	UOB Kay Hian	Wilmar	3.2	3	Hold	Sum of parts
11/01/24	DBS Vickers	Wilmar	3.2	4.3	Buy	PER12x FY24
11/01/24	Lim & Tan	Wilmar	3.2	0	Take Profit
11/04/24	DBS Vickers	Wilmar	3.08	3.8	Buy	PER12.1x FY25
11/04/24	DMG & Partners	Wilmar	3.08	3	Neutral	Sum of parts
11/12/24	DMG & Partners	Wilmar	3.09	3.1	Neutral	Sum of parts
12/31/24	Lim & Tan	Wilmar	3.09	3.27	Hold
01/09/25	CIMB	Wilmar	3.05	3.47	Add
01/10/25	Aletheia Capital	Wilmar	3.04	3.54	Buy
01/22/25	DMG & Partners	Wilmar	3.08	3.1	Neutral	Sum of parts
02/07/25	UOB Kay Hian	Wilmar	3.26	3.18	Hold	Sum of parts
02/21/25	DBS Vickers	Wilmar	3.21	3.8	Buy	PER12.1x FY25
02/24/25	UOB Kay Hian	Wilmar	3.08	3.45	Buy	Sum of parts
02/24/25	DMG & Partners	Wilmar	3.08	3	Neutral	Sum of parts
02/24/25	Citi Research	Wilmar	3.08	3.15	Hold
04/22/25	CIMB	Wilmar	3.13	3.15	Hold
04/30/25	UOB Kay Hian	Wilmar	3.02	3.45	Buy	Sum of parts
04/30/25	DBS Vickers	Wilmar	3.02	3.8	Buy	PER12.1x FY25
05/02/25	DMG & Partners	Wilmar	3.06	3	Neutral
05/02/25	Citi Research	Wilmar	3.06	3.25	Buy	PER11x FY26
05/05/25	Kim Eng	Wilmar	3.06	4.05	Buy
05/16/25	DBS Vickers	Wilmar	3.06	3.8	Buy
06/18/25	DBS Vickers	Wilmar	3.01	3.8	Buy
06/19/25	Citi Research	Wilmar	2.93	3.25	Buy	PER11x FY26
07/09/25	DMG & Partners	Wilmar	2.94	2.8	Neutral

Wee Hur - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/25	phillip	Wee Hur	0.42	0.62	Buy	Sum of parts
03/10/25	phillip	Wee Hur	0.43	0.62	Buy	Sum of parts
04/04/25	phillip	Wee Hur	0.46	0.62	Buy	Sum of parts
05/02/25	phillip	Wee Hur	0.525	0.62	Buy	Sum of parts
07/03/25	phillip	Wee Hur	0.475	0.55	Buy	Sum of parts

Stock calls for 15 July 2025

Date	Analyst	Company	Last	Target	Call	Valuation
07/15/25	Lim & Tan	BRC Asia	3.33	3.4	Hold
07/15/25	Lim & Tan	Centurion	1.75	1.7	Accumulate on weakness
07/15/25	CIMB	DBS	46.29	47.9	Add
07/15/25	DBS Vickers	Elite ComReit	0.32	0.36	Buy	DCF
07/15/25	UOB Kay Hian	Oiltek	0.67	0.8	Buy	PER27x FY26, PB0.9x
07/15/25	DMG & Partners	Prime US Reit	0.165	0.23	Buy	DDM
07/15/25	OCBC	Sembcorp Industries	7.51	8.45	Buy
07/15/25	CIMB	UOB	36.88	38.6	Add	GGM

Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/21/24	CIMB	Venture	14	15.93	Add
07/08/24	DBS Vickers	Venture	14.14	16.4	Buy	PER16x FY24/25
07/25/24	DMG & Partners	Venture	14.9	16.5	Buy	PER16x FY24/25
07/31/24	UOB Kay Hian	Venture	14.96	16.37	Buy	PER17x FY24
08/07/24	DBS Vickers	Venture	14.4	16.4	Buy	PER16x FY24/25
08/07/24	UOB Kay Hian	Venture	14.4	16.17	Buy
08/07/24	Lim & Tan	Venture	14.4	0	Accumulate
08/07/24	CIMB	Venture	14.4	15.93	Add
08/07/24	DMG & Partners	Venture	14.4	16.46	Buy
08/08/24	Phillip	Venture	13.76	13	Neutral	PER14x
09/27/24	Lim & Tan	Venture	14.16	0	Accumulate
09/27/24	Kim Eng	Venture	14.16	14.2	Hold
10/07/24	DBS Vickers	Venture	13.88	16.4	Buy	PER16x FY24/25
10/17/24	UOB Kay Hian	Venture	13.75	16.17	Buy
11/01/24	UOB Kay Hian	Venture	13.3	16.17	Buy	PER17x FY25
11/11/24	Phillip	Venture	13.65	13	Neutral	PER14x FY25
11/11/24	DBS Vickers	Venture	13.65	15.1	Buy	PER17x FY25
11/11/24	Citi Research	Venture	13.65	14	Neutral
11/11/24	CIMB	Venture	13.65	14.34	Add
11/11/24	Kim Eng	Venture	13.65	12.6	Hold
11/12/24	DMG & Partners	Venture	12.9	15.4	Buy	PER16x FY25
12/02/24	UOB Kay Hian	Venture	12.87	15.55	Buy	PER17x FY25
12/16/24	DMG & Partners	Venture	13.05	15.37	Buy	PER16x FY25
01/02/25	UOB Kay Hian	Venture	13.15	15.55	Buy	PER17x FY25
02/19/25	DMG & Partners	Venture	12.95	15.37	Buy	PER16x FY25
02/24/25	DBS Vickers	Venture	12.94	14.7	Buy	PER17x FY25
02/24/25	Phillip	Venture	12.94	11.8	Neutral
02/24/25	Lim & Tan	Venture	12.94	0	Accumulate
02/24/25	Citi Research	Venture	12.94	13.8	Neutral
02/28/25	UOB Kay Hian	Venture	12.78	13.35	Buy
02/28/25	Kim Eng	Venture	12.78	12.4	Hold	PER15x FY25
02/28/25	DMG & Partners	Venture	12.78	14.7	Buy
04/09/25	CIMB	Venture	10.91	10.13	Hold
04/10/25	DBS Vickers	Venture	10.4	14.7	Buy	PER17x FY25
04/16/25	DMG & Partners	Venture	10.84	12.5	Buy
04/22/25	UOB Kay Hian	Venture	10.88	13.35	Hold	PER15.5x FY25
05/06/25	Citi Research	Venture	11	11.8	Neutral
05/15/25	UOB Kay Hian	Venture	11.27	12.01	Hold	PER15.3x FY25
05/15/25	Phillip	Venture	11.27	10.4	Neutral	PER13x FY25
05/15/25	DBS Vickers	Venture	11.27	11.8	Hold	PER15x FY25
05/15/25	Kim Eng	Venture	11.27	9.4	Hold
05/20/25	Lim & Tan	Venture	11.33	11.88	Accumulate on weakness
06/13/25	DMG & Partners	Venture	11.45	12.6	Buy	PER15x FY26

Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/03/24	phillip	Valuetronics	0.625	0.76	Buy	PER11x
06/25/24	Lim & Tan	Valuetronics	0.625	0.77	Accumulate
06/28/24	UOB Kay Hian	Valuetronics	0.635	0.78	Buy
07/01/24	phillip	Valuetronics	0.635	0.76	Buy	PER11x
07/03/24	Lim & Tan	Valuetronics	0.64	0.77	Accumulate
08/28/24	UOB Kay Hian	Valuetronics	0.6	0.78	Buy
11/14/24	phillip	Valuetronics	0.635	0.785	Buy	PER11x
11/14/24	UOB Kay Hian	Valuetronics	0.635	0.78	Buy	PER10.8x FY25
11/14/24	Lim & Tan	Valuetronics	0.635	0.77	Accumulate
04/22/25	UOB Kay Hian	Valuetronics	0.615	0.78	Buy	PER10.8x FY25
05/27/25	UOB Kay Hian	Valuetronics	0.68	0.78	Buy	PER10.8x FY25
05/29/25	Lim & Tan	Valuetronics	0.695	0.78	Accumulate on weakness
05/30/25	UOB Kay Hian	Valuetronics	0.685	0.83	Buy	PER11x FY26
06/09/25	phillip	Valuetronics	0.7	0.785	Accumulate	PER11x
07/02/25	UOB Kay Hian	Valuetronics	0.735	0.83	Buy	PER11x FY26
07/02/25	DBS Vickers	Valuetronics	0.735	0.95	Not Rated	PER13x FY27
07/09/25	Lim & Tan	Valuetronics	0.74	0.81	Accumulate on weakness

UOL - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/16/24	CIMB	UOL	5.44	8.2	Add	RNAV
07/16/24	Citi Research	UOL	5.44	9.2	Buy	RNAV (40% disc)
08/06/24	OCBC	UOL	5.25	8.11	Buy
08/13/24	Citi Research	UOL	5.31	9.2	Buy	RNAV (40% disc)
08/20/24	Lim & Tan	UOL	5.2	7.47	Accumulate
09/17/24	CIMB	UOL	5.64	8.2	Add	RNAV
10/07/24	Citi Research	UOL	5.59	9.2	Buy	RNAV (40% disc)
10/14/24	DBS Vickers	UOL	5.4	8.4	Buy	RNAV (40% disc)
10/16/24	CIMB	UOL	5.37	8.2	Add	RNAV
02/28/25	DBS Vickers	UOL	5.3	8.4	Buy	RNAV (40% disc)
02/28/25	Lim & Tan	UOL	5.3	7.58	Buy
03/14/25	CIMB	UOL	5.76	8.2	Add	RNAV
03/26/25	DBS Vickers	UOL	5.8	8.5	Buy	RNAV (40% disc)
05/20/25	DBS Vickers	UOL	5.74	8.4	Buy	RNAV (40% disc)
06/05/25	DBS Vickers	UOL	6.02	8.4	Buy	RNAV (40% disc)
07/02/25	CIMB	UOL	6.56	8.2	Add	RNAV

Stock calls for 14 July 2025

Date	Analyst	Company	Last	Target	Call	Valuation
07/14/25	Lim & Tan	AIMS AMP Cap Ind Reit	1.33	1.5	Accumulate
07/14/25	DMG & Partners	ESR-Reit	2.42	3.25	Buy	Share cosol 10-into-1, Up from $3.15
07/14/25	UOB Kay Hian	Propnex	1.21	1.35	Buy	PER17.6x FY25/26

Baltic dry index - 1663

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 537

Related stock: Seatrium & Cosco.

UOB Kay Hian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/23/25	Lim & Tan	UOB Kay Hian	1.77	0	Buy
06/13/25	Lim & Tan	UOB Kay Hian	1.97	0	Accumulate