Sembcorp Industries - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/24	DBS Vickers	Sembcorp Industries	5.28	7.35	Buy	PER14x FY25
12/03/24	Lim & Tan	Sembcorp Industries	5.28	6.82	Accumulate
12/11/24	Kim Eng	Sembcorp Industries	5.67	6.2	Buy	Sum of parts
12/18/24	Lim & Tan	Sembcorp Industries	5.4	6.84	Accumulate
01/02/25	UOB Kay Hian	Sembcorp Industries	5.52	7.47	Buy	PER12.8x FY25
01/20/25	Lim & Tan	Sembcorp Industries	5.63	6.8	Accumulate
02/03/25	UOB Kay Hian	Sembcorp Industries	5.58	7.47	Buy	PER12.8x FY25
02/03/25	Lim & Tan	Sembcorp Industries	5.58	6.8	Accumulate
02/03/25	Citi Research	Sembcorp Industries	5.58	6.68	Buy	Sum of parts
02/21/25	DBS Vickers	Sembcorp Industries	5.54	7.38	Buy	PER12x FY25
02/28/25	UOB Kay Hian	Sembcorp Industries	6.03	8	Buy	PER12.6x FY25
02/28/25	OCBC	Sembcorp Industries	6.03	7.4	Buy
03/03/25	DBS Vickers	Sembcorp Industries	6.09	8	Buy	PER13x FY25
03/04/25	Kim Eng	Sembcorp Industries	6.32	7.1	Buy	Sum of parts
03/06/25	phillip	Sembcorp Industries	6.35	7.1	Accumulate	EV/Ebitda8x FY25
03/13/25	Lim & Tan	Sembcorp Industries	6.05	7.25	Accumulate
03/17/25	UOB Kay Hian	Sembcorp Industries	5.96	8	Buy	PER12.6x FY25
03/17/25	CIMB	Sembcorp Industries	5.96	7.81	Add
03/19/25	Lim & Tan	Sembcorp Industries	6.2	7.3	Accumulate
04/02/25	DBS Vickers	Sembcorp Industries	6.42	8	Buy	PER13x FY25
04/02/25	Lim & Tan	Sembcorp Industries	6.42	7.3	Accumulate
04/03/25	CIMB	Sembcorp Industries	6.58	8.14	Add	PER
05/26/25	Lim & Tan	Sembcorp Industries	6.56	7.46	Accumulate on weakness
06/06/25	UOB Kay Hian	Sembcorp Industries	6.65	8	Buy	PER12.6x FY25
06/16/25	Lim & Tan	Sembcorp Industries	6.89	7.79	Accumulate on weakness
06/30/25	phillip	Sembcorp Industries	6.83	8.1	Buy	EV/Ebitda9x FY25
07/15/25	OCBC	Sembcorp Industries	7.51	8.45	Buy
07/17/25	CIMB	Sembcorp Industries	7.71	8.54	Add
08/08/25	DBS Vickers	Sembcorp Industries	7.8	8	Buy	PER13x FY25
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
10/24/25	UOB Kay Hian	Sembcorp Industries	6.45	7.9	Buy	PER12.8x
11/24/25	UBS	Sembcorp Industries	6.08	7.65	Buy

Seatrium - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/24/24	Lim & Tan	Seatrium	1.93	0	Hold
12/24/24	DBS Vickers	Seatrium	1.93	3	Buy
01/02/25	UOB Kay Hian	Seatrium	2.07	2.8	Buy	PB1.4x
01/02/25	OCBC	Seatrium	2.07	2.64	Buy
01/21/25	CIMB	Seatrium	2.23	2.9	Add
01/28/25	DBS Vickers	Seatrium	2.22	3	Buy
01/28/25	Lim & Tan	Seatrium	2.22	0	Hold
02/03/25	UOB Kay Hian	Seatrium	2.23	2.8	Buy	PB1.4x
02/14/25	Lim & Tan	Seatrium	2.55	0	Hold
02/14/25	CIMB	Seatrium	2.55	2.9	Add
02/18/25	OCBC	Seatrium	2.57	2.82	Buy
02/20/25	DBS Vickers	Seatrium	2.55	3	Buy
02/21/25	Lim & Tan	Seatrium	2.5	0	Sell
02/21/25	Citi Research	Seatrium	2.5	2.65	Hold
02/24/25	UOB Kay Hian	Seatrium	2.38	2.96	Buy	PB1.5x
02/24/25	CIMB	Seatrium	2.38	2.8	Add	PB
03/04/25	UOB Kay Hian	Seatrium	2.15	2.96	Buy	PB1.5x
03/04/25	Citi Research	Seatrium	2.15	2.65	Buy
04/10/25	DBS Vickers	Seatrium	1.68	3	Buy
05/07/25	UOB Kay Hian	Seatrium	1.92	2.96	Buy	PB1.5x
05/29/25	DBS Vickers	Seatrium	2.06	3	Buy
05/29/25	Lim & Tan	Seatrium	2.06	2.72	Accumulate on weakness
05/29/25	OCBC	Seatrium	2.06	2.76	Buy
05/30/25	CIMB	Seatrium	2.07	2.8	Add
06/02/25	UOB Kay Hian	Seatrium	2.05	2.96	Buy	PB1.5x
06/02/25	MorningStar	Seatrium	2.05	2.92	4-Star
07/01/25	CIMB	Seatrium	2.01	2.8	Add	PB
07/07/25	UOB Kay Hian	Seatrium	2.07	2.96	Buy	PB1.5x
08/01/25	UOB Kay Hian	Seatrium	2.27	2.96	Buy	PB1.5x
08/01/25	DBS Vickers	Seatrium	2.27	2.96	Buy	PB1.5x FY25
08/01/25	CIMB	Seatrium	2.27	2.8	Add	PB
08/28/25	Lim & Tan	Seatrium	2.29	2.75	Accumulate on weakness
08/28/25	Citi Research	Seatrium	2.29	2.65	Buy
09/23/25	JPM	Seatrium	2.34	3.05	Overweight
09/24/25	DBS Vickers	Seatrium	2.37	2.96	Buy	PB1.5x FY25
09/24/25	CIMB	Seatrium	2.37	2.8	Add	PB
09/26/25	UOB Kay Hian	Seatrium	2.44	2.96	Buy	PB1.5x
10/10/25	DBS Vickers	Seatrium	2.44	2.96	Buy	PB1.5x FY25
10/10/25	CIMB	Seatrium	2.44	2.8	Add	PB
10/16/25	Lim & Tan	Seatrium	2.12	2.84	Accumulate on weakness
11/03/25	DBS Vickers	Seatrium	2.17	2.96	Buy	PB1.5x
11/14/25	UOB Kay Hian	Seatrium	2.18	2.96	Buy	PB1.5x
11/14/25	CIMB	Seatrium	2.18	2.67	Add	PB
11/14/25	MorningStar	Seatrium	2.18	2.92	4-Star
11/14/25	OCBC	Seatrium	2.18	2.76	Buy
11/26/25	Lim & Tan	Seatrium	2.06	2.8	Accumulate on weakness
11/27/25	CIMB	Seatrium	2.12	2.67	Add	PB
12/08/25	UOB Kay Hian	Seatrium	2.12	2.96	Buy	PB1.5x

SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/24	DBS Vickers	SATS	3.75	4.4	Buy	EV/Ebitda8.3x FY25/26
12/03/24	OCBC	SATS	3.75	4.38	Buy
01/02/25	UOB Kay Hian	SATS	3.64	4.3	Buy	PER18.4x FY27
01/03/25	phillip	SATS	3.64	4.62	Buy	DCF
01/10/25	DBS Vickers	SATS	3.62	4.4	Buy	EV/Ebitda8.3x FY25/26
01/10/25	Lim & Tan	SATS	3.62	4.38	Hold
02/04/25	UOB Kay Hian	SATS	3.35	4	Buy	PER18.4x FY27
02/19/25	phillip	SATS	3.35	4.62	Buy	DCF
02/24/25	UOB Kay Hian	SATS	3.3	3.86	Buy	PER18.4x FY27
02/24/25	phillip	SATS	3.3	4.34	Buy	DCF
02/24/25	DBS Vickers	SATS	3.3	4	Buy	EV/Ebitda8.3x FY25/26
02/24/25	OCBC	SATS	3.3	4.11	Buy
03/19/25	phillip	SATS	3.07	4.34	Buy	DCF
03/19/25	OCBC	SATS	3.07	3.93	Buy
03/21/25	DBS Vickers	SATS	3.04	4	Buy	EV/Ebitda8.3x FY25/26
04/09/25	UOB Kay Hian	SATS	2.65	2.89	Hold	PER16.8x FY27
04/10/25	DBS Vickers	SATS	2.46	4	Buy	EV/Ebitda8.3x FY25/26
04/10/25	CIMB	SATS	2.46	3.05	Add	DCF
04/16/25	phillip	SATS	2.67	4.34	Buy	DCF
04/16/25	Lim & Tan	SATS	2.67	3.85	Accumulate
05/19/25	phillip	SATS	2.99	4.34	Buy	DCF
05/26/25	UOB Kay Hian	SATS	2.98	3.22	Buy	PER16.8x FY27
05/26/25	phillip	SATS	2.98	3.58	Buy	DCF
05/26/25	DBS Vickers	SATS	2.98	3.5	Buy
07/16/25	phillip	SATS	3.24	3.58	Buy	DCF
07/17/25	CIMB	SATS	3.25	3.6	Add	DCF
08/18/25	phillip	SATS	3.27	3.58	Buy	DCF
08/21/25	DBS Vickers	SATS	3.18	3.5	Buy	DCF & PER19x FY26
08/21/25	Lim & Tan	SATS	3.18	3.74	Accumulate
08/22/25	UOB Kay Hian	SATS	3.26	3.52	Buy	PER18.4x FY27
08/22/25	phillip	SATS	3.26	3.66	Accumulate	DCF
08/25/25	DBS Vickers	SATS	3.26	3.8	Buy
08/25/25	CIMB	SATS	3.26	3.83	Add	DCF
09/17/25	phillip	SATS	3.29	3.58	Buy	DCF
09/25/25	CIMB	SATS	3.39	3.83	Add	DCF
11/14/25	DBS Vickers	SATS	3.55	3.8	Buy	PER18x & DCF
11/17/25	UOB Kay Hian	SATS	3.47	4.2	Buy	PER19.7x FY27
11/18/25	DBS Vickers	SATS	3.48	4	Buy	PER19x & DCF