Frasers Centrepoint Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/04/24	UOB Kay Hian	Frasers Centrepoint Trust	2.17	2.71	Buy	DDM
06/26/24	DBS Vickers	Frasers Centrepoint Trust	2.15	2.7	Buy
06/26/24	DMG & Partners	Frasers Centrepoint Trust	2.15	2.35	Neutral
07/05/24	DBS Vickers	Frasers Centrepoint Trust	2.13	2.7	Buy
07/25/24	OCBC	Frasers Centrepoint Trust	2.19	2.46	Buy
07/25/24	Citi Research	Frasers Centrepoint Trust	2.19	2.51	Buy	DDM & RNAV
07/26/24	Phillip	Frasers Centrepoint Trust	2.18	2.38	Accumulate	DDM
07/26/24	DMG & Partners	Frasers Centrepoint Trust	2.18	2.35	Neutral	DDM
07/29/24	Kim Eng	Frasers Centrepoint Trust	2.2	2.4	Buy
10/07/24	DBS Vickers	Frasers Centrepoint Trust	2.3	2.7	Buy
10/07/24	Kim Eng	Frasers Centrepoint Trust	2.3	2.55	Buy
10/18/24	Phillip	Frasers Centrepoint Trust	2.28	2.38	Accumulate	DDM
10/28/24	UOB Kay Hian	Frasers Centrepoint Trust	2.25	2.79	Buy	DDM
10/28/24	Phillip	Frasers Centrepoint Trust	2.25	2.44	Accumulate	DDM
10/28/24	DBS Vickers	Frasers Centrepoint Trust	2.25	2.75	Buy	DCF
10/28/24	DMG & Partners	Frasers Centrepoint Trust	2.25	2.35	Neutral	DDM
10/28/24	Lim & Tan	Frasers Centrepoint Trust	2.25	2.48	Accumulate
10/28/24	OCBC	Frasers Centrepoint Trust	2.25	2.53	Buy	Up from $2.46
10/28/24	CIMB	Frasers Centrepoint Trust	2.25	2.68	Add
10/28/24	Kim Eng	Frasers Centrepoint Trust	2.25	2.5	Buy
10/30/24	Citi Research	Frasers Centrepoint Trust	2.25	2.5	Buy
11/21/24	UOB Kay Hian	Frasers Centrepoint Trust	2.13	2.79	Buy	DDM
11/25/24	Phillip	Frasers Centrepoint Trust	2.11	2.44	Accumulate	DDM
11/27/24	UOB Kay Hian	Frasers Centrepoint Trust	2.13	2.56	Buy	DDM
01/10/25	DMG & Partners	Frasers Centrepoint Trust	2.14	2.35	Neutral	DDM
01/24/25	Phillip	Frasers Centrepoint Trust	2.12	2.44	Buy	DDM
01/24/25	DMG & Partners	Frasers Centrepoint Trust	2.12	2.35	Buy	DDM
01/24/25	Citi Research	Frasers Centrepoint Trust	2.12	2.5	Buy	DDM & RNAV
01/24/25	Kim Eng	Frasers Centrepoint Trust	2.12	2.5	Buy
01/24/25	CIMB	Frasers Centrepoint Trust	2.12	2.68	Add
02/25/25	DBS Vickers	Frasers Centrepoint Trust	2.08	2.75	Buy	DCF
03/06/25	UOB Kay Hian	Frasers Centrepoint Trust	2.07	2.56	Buy	DDM
03/24/25	Phillip	Frasers Centrepoint Trust	2.11	2.44	Buy	DDM
03/26/25	Lim & Tan	Frasers Centrepoint Trust	2.21	2.49	Accumulate
03/26/25	JPM	Frasers Centrepoint Trust	2.21	2.35	Buy
04/08/25	UOB Kay Hian	Frasers Centrepoint Trust	2.1	2.79	Buy	DDM
04/24/25	DMG & Partners	Frasers Centrepoint Trust	2.27	2.39	Buy	DDM
04/29/25	DBS Vickers	Frasers Centrepoint Trust	2.25	2.7	Buy	DCF
04/29/25	Lim & Tan	Frasers Centrepoint Trust	2.25	2.49	Accumulate
04/30/25	UOB Kay Hian	Frasers Centrepoint Trust	2.26	2.73	Buy	DDM
04/30/25	DBS Vickers	Frasers Centrepoint Trust	2.26	2.75	Buy	DCF
05/02/25	Phillip	Frasers Centrepoint Trust	2.26	2.44	Accumulate	DDM
05/21/25	UOB Kay Hian	Frasers Centrepoint Trust	2.19	2.73	Buy	DDM
06/23/25	Phillip	Frasers Centrepoint Trust	2.23	2.44	Accumulate	DDM
06/27/25	UOB Kay Hian	Frasers Centrepoint Trust	2.26	3.07	Buy	DDM
07/25/25	DBS Vickers	Frasers Centrepoint Trust	2.2	2.75	Buy	DCF
07/28/25	Phillip	Frasers Centrepoint Trust	2.2	2.44	Accumulate	DDM
07/28/25	CIMB	Frasers Centrepoint Trust	2.2	2.44	Add	DDM
08/01/25	UOB Kay Hian	Frasers Centrepoint Trust	2.22	3.07	Buy	DDM
08/06/25	DMG & Partners	Frasers Centrepoint Trust	2.23	2.5	Buy	DDM

Stock calls for 11 August 2025

Date	Analyst	Company	Last	Target	Call	Valuation
08/11/25	DBS Vickers	APAC Realty	0.635	0.8	Buy	PER13x FY25/26
08/11/25	Kim Eng	Beng Kuang Marine	0.24	0.22	Hold	Up from $0.19
08/11/25	CIMB	Centurion	1.69	2.04	Add	RNAV
08/11/25	DBS Vickers	Daiwa House	0.58	0.63	Buy	DCF
08/11/25	phillip	DBS	50.75	52	Accumulate	GGM, PB2.09x FY25
08/11/25	Lim & Tan	DBS	50.75	55	Accumulate
08/11/25	UOB Kay Hian	Lendlease Reit	0.575	0.79	Buy	DDM
08/11/25	DBS Vickers	Mapletree Industrial	1.99	2.6	Buy	DCF
08/11/25	Lim & Tan	OCBC	16.79	0	Hold
08/11/25	UOB Kay Hian	Sembcorp Industries	6.72	7.9	Buy	PER12.8x
08/11/25	phillip	Sembcorp Industries	6.72	7.9	Buy	EV/Ebitda9x FY25
08/11/25	UOB Kay Hian	SGX	16.02	16.66	Hold	PER24.9x FY27
08/11/25	phillip	SGX	16.02	16.9	Accumulate	PER26x FY26
08/11/25	OCBC	Singapore Post	0.505	0.59	Buy
08/11/25	phillip	UOB	35.7	34.6	Neutral	GGM, PB1.23x FY25
08/11/25	Lim & Tan	UOB	35.7	0	Hold

The US stock market is getting dicey now! - Part 2

 Current SPER: 38.45

The current SPER is indicating that the US stock market is in a dicey zone because the historical chart below shows that negative returns will happen at the current SPER and beyond.

Baltic dry index - 2051

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 539

 Related stock: Seatrium & Cosco.

Fortress Minerals - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/28/24	Amfrasers	Fortress Minerals	0.27	0.4	outperform	DCF & EV/Resource3.6x

Food Empire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/14/24	DMG & Partners	Food Empire	1.03	1.75	Buy	PER11x FY24/25
07/04/24	DMG & Partners	Food Empire	0.97	1.52	Buy	PER10x FY24/25
07/09/24	DMG & Partners	Food Empire	0.975	1.45	Buy
08/14/24	Kim Eng	Food Empire	0.98	1.02	Hold
08/23/24	Amfrasers	Food Empire	1.01	1.35	outperform	DCF
09/03/24	DMG & Partners	Food Empire	0.975	1.36	Buy	PER10x FY24/25
09/04/24	UOB Kay Hian	Food Empire	0.995	1	Hold
09/13/24	Kim Eng	Food Empire	0.965	1.02	Hold
09/17/24	DMG & Partners	Food Empire	0.975	1.23	Buy	PER9x FY25
01/10/25	CIMB	Food Empire	0.985	1.43	Add
01/20/25	UOB Kay Hian	Food Empire	0.98	1.1	Hold	PER8.7x FY25
02/27/25	UOB Kay Hian	Food Empire	1.07	1.2	Buy	PER9x FY25
03/17/25	Amfrasers	Food Empire	1.27	1.4	outperform	DCF
04/25/25	DMG & Partners	Food Empire	1.48	1.67	Buy
05/14/25	UOB Kay Hian	Food Empire	1.53	1.98	Buy	PER15x FY25
05/14/25	CIMB	Food Empire	1.53	1.95	Add	PER
05/23/25	Amfrasers	Food Empire	1.76	1.95	outperform	DCF
06/09/25	UOB Kay Hian	Food Empire	1.88	1.98	Buy	PER15x FY25
06/27/25	CIMB	Food Empire	1.78	2.28	Add
07/01/25	Lim & Tan	Food Empire	1.84	1.98	Accumulate on weakness
07/09/25	CIMB	Food Empire	1.86	2.28	Add
07/17/25	UOB Kay Hian	Food Empire	2.01	2.4	Buy	PER17x FY26
07/18/25	CIMB	Food Empire	2.12	2.73	Add
07/22/25	Kim Eng	Food Empire	2.24	2.62	Buy

First Resources - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/11/24	DBS Vickers	First Resources	1.42	2	Buy
07/11/24	DBS Vickers	First Resources	1.4	2	Buy
08/12/24	DMG & Partners	First Resources	1.38	1.45	Neutral	PER11x FY24
08/15/24	Kim Eng	First Resources	1.39	1.46	Hold
11/12/24	DMG & Partners	First Resources	1.58	1.65	Neutral	PER11x FY25
11/15/24	UOB Kay Hian	First Resources	1.57	1.65	Buy	PER8x FY24
12/11/24	DBS Vickers	First Resources	1.53	2	Buy
03/03/25	Kim Eng	First Resources	1.46	1.69	Buy
03/04/25	UOB Kay Hian	First Resources	1.59	1.75	Buy	PER8x FY25
03/19/25	DBS Vickers	First Resources	1.66	2	Buy
03/19/25	Kim Eng	First Resources	1.66	1.69	Hold
03/19/25	DMG & Partners	First Resources	1.66	1.85	Buy
05/16/25	Kim Eng	First Resources	1.48	1.57	Buy	PER
06/30/25	UOB Kay Hian	First Resources	1.49	1.65	Buy
07/09/25	DMG & Partners	First Resources	1.48	1.7	Buy