Stock calls for 8 August 2025

Date	Analyst	Company	Last	Target	Call	Valuation
08/08/25	Lim & Tan	Centurion	11.81	0	Accumulate on weakness
08/08/25	UOB Kay Hian	CSE Global	0.695	0.85	Buy	PER15.6x FY25
08/08/25	DBS Vickers	Daiwa House	0.575	0.65	Buy	DCF
08/08/25	UOB Kay Hian	DBS	49.75	52.8	Hold	GGM, PB2.14x FY26
08/08/25	CIMB	DBS	49.75	54.9	Add	GGM
08/08/25	UOB Kay Hian	Genting	0.755	0.89	Hold	EV/Ebitda8x FY26
08/08/25	CIMB	Lendlease Reit	0.575	0.67	Add	DDM
08/08/25	DBS Vickers	Parkway Life	4.1	4.75	Buy	DCF
08/08/25	DBS Vickers	Sembcorp Industries	7.8	8	Buy	PER13x FY25
08/08/25	DBS Vickers	SGX	16.34	18.2	Buy	PER28x FY27
08/08/25	Lim & Tan	SGX	16.34	15.21	Hold
08/08/25	DBS Vickers	UOB	35.81	33.9	Hold	GGM, PB1x FY26
08/08/25	Kim Eng	UOB	35.81	38.36	Hold	DDM
08/08/25	CIMB	UOB	35.81	38.3	Hold	GGM

First Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/27/24	Kim Eng	First Reit	0.245	0.28	Buy	DDM
07/05/24	phillip	First Reit	0.245	0.3	Buy	DDM
07/26/24	Lim & Tan	First Reit	0.255	0	Accumulate
07/29/24	OCBC	First Reit	0.255	0.28	Buy
07/29/24	Kim Eng	First Reit	0.255	0.28	Buy
11/01/24	DBS Vickers	First Reit	0.265	0.29	Buy	DCF
11/01/24	Lim & Tan	First Reit	0.265	0.29	Accumulate on weakness
11/04/24	phillip	First Reit	0.27	0.3	Buy	DDM
11/05/24	DBS Vickers	First Reit	0.27	0.28	Hold	DCF
01/14/25	DBS Vickers	First Reit	0.255	0.28	Hold	DCF
01/14/25	Lim & Tan	First Reit	0.255	0.29	Accumulate on weakness
01/16/25	phillip	First Reit	0.265	0.3	Buy	DDM
02/12/25	Lim & Tan	First Reit	0.275	0.29	Accumulate on weakness	PB1x
02/13/25	phillip	First Reit	0.275	0.32	Buy	DDM
05/02/25	phillip	First Reit	0.26	0.32	Buy	DDM
05/02/25	OCBC	First Reit	0.26	0.27	Buy
06/23/25	phillip	First Reit	0.26	0.32	Buy	DDM
07/31/25	Lim & Tan	First Reit	0.27	0.3	Hold
08/01/25	phillip	First Reit	0.275	0.31	Buy	DDM

Far East Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/04/24	UOB Kay Hian	Far East Hospitality	0.63	0.82	Buy	DDM
06/24/24	phillip	Far East Hospitality	0.62	0.79	Buy	DDM
07/02/24	UOB Kay Hian	Far East Hospitality	0.63	0.77	Buy	DDM
07/22/24	phillip	Far East Hospitality	0.62	0.79	Buy	DDM
07/29/24	Kim Eng	Far East Hospitality	0.625	0.8	Buy
07/31/24	phillip	Far East Hospitality	0.63	0.75	Buy	DDM
07/31/24	CIMB	Far East Hospitality	0.63	0.78	Add	DDM
07/31/24	Citi Research	Far East Hospitality	0.63	0.73	Buy
07/31/24	DBS Vickers	Far East Hospitality	0.63	0.78	Buy
08/05/24	UOB Kay Hian	Far East Hospitality	0.63	0.73	Buy	DDM
10/04/24	UOB Kay Hian	Far East Hospitality	0.645	0.8	Buy	DDM
10/30/24	DBS Vickers	Far East Hospitality	0.625	0.78	Buy
11/01/24	phillip	Far East Hospitality	0.62	0.75	Buy	DDM
11/01/24	Kim Eng	Far East Hospitality	0.62	0.8	Buy
11/01/24	CIMB	Far East Hospitality	0.62	0.78	Add	DDM
11/04/24	UOB Kay Hian	Far East Hospitality	0.62	0.82	Buy	DDM
01/02/25	UOB Kay Hian	Far East Hospitality	0.61	0.82	Buy	DDM
01/09/25	Kim Eng	Far East Hospitality	0.62	0.8	Buy
02/12/25	DBS Vickers	Far East Hospitality	0.605	0.78	Buy
02/13/25	phillip	Far East Hospitality	0.605	0.73	Buy	DDM
02/13/25	DBS Vickers	Far East Hospitality	0.605	0.75	Buy	DCF
02/13/25	Citi Research	Far East Hospitality	0.605	0.73	Buy
02/18/25	UOB Kay Hian	Far East Hospitality	0.6	0.76	Buy	DDM
02/18/25	Citi Research	Far East Hospitality	0.6	0.53	Sell
03/06/25	UOB Kay Hian	Far East Hospitality	0.535	0.76	Buy	DDM
03/21/25	Lim & Tan	Far East Hospitality	0.56	0.7	Accumulate
03/24/25	phillip	Far East Hospitality	0.6	0.73	Buy	DDM
04/08/25	UOB Kay Hian	Far East Hospitality	0.515	0.77	Buy	DDM
04/30/25	DBS Vickers	Far East Hospitality	0.555	0.75	Buy	DCF
05/02/25	phillip	Far East Hospitality	0.545	0.7	Buy	DDM
05/02/25	CIMB	Far East Hospitality	0.545	0.74	Add	DDM
05/30/25	UOB Kay Hian	Far East Hospitality	0.565	0.71	Buy	DDM
06/27/25	UOB Kay Hian	Far East Hospitality	0.565	0.78	Buy	DDM
07/30/25	DBS Vickers	Far East Hospitality	0.61	0.75	Buy	DCF
07/30/25	Lim & Tan	Far East Hospitality	0.61	0.64	Accumulate on weakness
07/31/25	phillip	Far East Hospitality	0.61	0.7	Buy	DDM
08/04/25	CIMB	Far East Hospitality	0.595	0.74	Add	DDM

F&N - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/22/25	DBS Vickers	F&N	1.38	1.93	Unrated	Sum of parts

Stock calls for 7 August 2025

Date	Analyst	Company	Last	Target	Call	Valuation
08/07/25	DMG & Partners	Dairy Farm	3.49	4.05	Buy	Sum of parts
08/07/25	Lim & Tan	DBS	48.85	50	Accumulate
08/07/25	Kim Eng	Parkway Life	4.11	4.5	Buy	DDM
08/07/25	CIMB	Parkway Life	4.11	4.93	Add	DDM
08/07/25	Kim Eng	Singtel	4.01	4.3	Buy
08/07/25	DBS Vickers	Starhub	1.23	1.2	Hold	Sum of parts
08/07/25	DBS Vickers	Suntec Reit	1.2	1.4	Buy
08/07/25	DBS Vickers	UOB	36.45	32.7	Hold	GGM, PB1x FY26
08/07/25	Lim & Tan	UOB	36.45	38.27	Hold
08/07/25	UOB Kay Hian	Venture	12.72	14.35	Buy	PER17.7x FY26
08/07/25	Phillip	Venture	12.72	11.3	Neutral	PER14x FY25
08/07/25	DBS Vickers	Venture	12.72	13.6	Hold	PER16x FY25/26
08/07/25	CIMB	Venture	12.72	13.45	Add	PER
08/07/25	Citi Research	Venture	12.72	11.8	Neutral	DCF
08/07/25	UOB Kay Hian	Yangzijiang Shipping	2.63	3.45	Buy	PER8.6x
08/07/25	DBS Vickers	Yangzijiang Shipping	2.63	3.8	Buy	PB2.5x FY25, PER11x FY25
08/07/25	CIMB	Yangzijiang Shipping	2.63	3.9	Add	PER

ESR Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/10/24	DMG & Partners	ESR-Reit	0.285	0.35	Buy	DDM
07/29/24	Kim Eng	ESR-Reit	0.275	0.32	Buy
08/01/24	DBS Vickers	ESR-Reit	0.275	0.34	Buy	DCF
08/01/24	DMG & Partners	ESR-Reit	0.275	0.34	Buy	DDM
09/24/24	DBS Vickers	ESR-Reit	0.28	0.34	Buy	DCF
10/30/24	DBS Vickers	ESR-Reit	0.28	0.34	Buy	DCF
11/06/24	CIMB	ESR-Reit	0.28	0.36	Add	DDM
11/08/24	Kim Eng	ESR-Reit	0.265	0.32	Buy	DDM
01/10/25	DMG & Partners	ESR-Reit	0.255	0.34	Buy	DDM
01/24/25	DBS Vickers	ESR-Reit	0.26	0.34	Buy	DCF
01/27/25	DBS Vickers	ESR-Reit	0.26	0.31	Buy	DCF
01/27/25	DMG & Partners	ESR-Reit	0.26	0.33	Buy
01/28/25	CIMB	ESR-Reit	0.255	0.36	Add	DDM
02/11/25	DBS Vickers	ESR-Reit	0.25	0.31	Buy	DCF
04/23/25	CIMB	ESR-Reit	0.205	0.36	Add	DDM
07/14/25	DMG & Partners	ESR-Reit	2.42	3.25	Buy	Share cosol 10-into-1, Up from $3.15
07/29/25	DBS Vickers	ESR-Reit	2.64	3.1	Buy	DCF
07/30/25	DBS Vickers	ESR-Reit	2.71	3.2	Buy	DCF
08/04/25	CIMB	ESR-Reit	2.74	3.55	Add	DDM

Emperador - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/27/24	UOB Kay Hian	Emperador	0.435	0.3	Sell