Wilmar - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
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
02/24/25	OCBC	Wilmar	3.08	3.67	Buy
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
07/22/25	CIMB	Wilmar	3.02	2.7	Reduce
08/12/25	DBS Vickers	Wilmar	2.97	3.8	Buy	PER12.1x FY25
08/13/25	UOB Kay Hian	Wilmar	2.97	3.45	Buy	Sum of parts
08/13/25	CIMB	Wilmar	2.97	2.7	Reduce
09/02/25	DBS Vickers	Wilmar	2.96	3	Hold	PER11.7x FY26
09/26/25	Lim & Tan	Wilmar	2.89	0	Avoid
09/26/25	DMG & Partners	Wilmar	2.89	2.5	Sell	Sum of parts
09/29/25	CIMB	Wilmar	2.85	2.7	Reduce
10/09/25	CIMB	Wilmar	2.89	3.3	Add	PER
10/21/25	Lim & Tan	Wilmar	2.95	3	Avoid
10/31/25	UOB Kay Hian	Wilmar	3.12	3.5	Buy	Sum of parts
10/31/25	DBS Vickers	Wilmar	3.12	3	Hold	PER11.7x FY26
11/03/25	CIMB	Wilmar	3.13	3.6	Add
11/03/25	DMG & Partners	Wilmar	3.13	3	Neutral	Sum of parts
11/14/25	OCBC	Wilmar	3.36	3.58	Buy

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
07/21/25	DBS Vickers	Wee Hur	0.585	0.8	Unrated	Sum of parts (10% disc)
08/06/25	CIMB	Wee Hur	0.695	0.91	Add
08/25/25	phillip	Wee Hur	0.715	0.9	Buy	Sum of parts
10/31/25	phillip	Wee Hur	0.725	0.9	Buy	Sum of parts
11/26/25	DMG & Partners	Wee Hur	0.685	0.95	Add

Stock calls for 24 December 2025

 

Date	Analyst	Company	Last	Target	Call	Valuation
12/24/25	Lim & Tan	Frasers Property	1.12	1.45	Accumulate
12/24/25	Lim & Tan	Nam Cheong	0.845	1.25	Watchlist

Singapore good days are numbered!

China had implemented some new Hainan policies that had impacted Singapore's economic growth.  What had been impacted already?

Basically, the cargo volumes, ship calls and oil bunkering sales had been affected by the new Hainan policies.  Thereafter, MICE activities and tourism would be affected over a longer period.  Let's not forget that Hainan is about the same size as Taiwan and it can have a lot of development potential, particularly, developing into another sea hub that can rival Singapore.

Venture - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
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
05/20/25	CIMB	Venture	11.33	10.97	Hold	PER13.1x FY26
06/13/25	DMG & Partners	Venture	11.45	12.61	Buy	PER15x FY26
07/28/25	CIMB	Venture	12.48	12.14	Hold
08/05/25	UOB Kay Hian	Venture	12.7	12.01	Hold	PER15.3x FY25
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
08/26/25	DMG & Partners	Venture	13.51	15	Buy	PER18x FY25/26
11/14/25	UOB Kay Hian	Venture	15.06	17.43	Buy	PER21.5x FY26
11/14/25	DBS Vickers	Venture	15.06	15.3	Hold	PER18x FY26
11/14/25	CIMB	Venture	15.06	14.75	Hold
11/14/25	Phillip	Venture	15.06	11.8	Hold
11/17/25	Phillip	Venture	14.56	13	Neutral	PER15x
11/26/25	DMG & Partners	Venture	14.99	16.66	Buy

Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
08/05/25	UOB Kay Hian	Valuetronics	0.79	0.83	Buy	PER11x FY26
11/14/25	UOB Kay Hian	Valuetronics	0.88	1.03	Buy	PER13x FY27
11/17/25	phillip	Valuetronics	0.87	0.96	Buy	PER13x FY26
12/11/25	UOB Kay Hian	Valuetronics	0.865	1.03	Buy	PER13x FY27

UOL - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
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
07/02/25	Citi Research	UOL	6.56	9.6	Buy	RNAV (40% disc)
08/14/25	CIMB	UOL	7.16	8.2	Add	RNAV
08/18/25	Lim & Tan	UOL	7.27	8.06	Buy
08/20/25	DBS Vickers	UOL	7.19	8.8	Buy	RNAV (40% disc)
08/20/25	Lim & Tan	UOL	7.19	8.11	Buy
09/05/25	CLSA	UOL	7.25	10.5	Outperform
09/11/25	DBS Vickers	UOL	7.4	8.8	Buy	RNAV (40% disc)
09/11/25	Lim & Tan	UOL	7.4	8.37	Buy
09/11/25	Citi Research	UOL	7.4	9.6	Buy	RNAV (40% disc)
10/03/25	Lim & Tan	UOL	8	8.37	Buy
10/08/25	DBS Vickers	UOL	8.02	8.8	Buy	RNAV (40% disc)
11/18/25	OCBC	UOL	8.65	10.06	Buy	RNAV
12/04/25	DBS Vickers	UOL	8.68	8.8	Buy	RNAV (40% disc)
12/05/25	Lim & Tan	UOL	8.62	0	Accumulate

Stock calls for 23 December 2025

 

Date	Analyst	Company	Last	Target	Call	Valuation
12/23/25	Lim & Tan	Capitaland Investment	2.67	3.5	Accumulate
12/23/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
12/23/25	Amfrasers	Geo Energy	0.43	0.76	outperform	DCF
12/23/25	Phillip	Stoneweg Reit	1.62	1.86	Buy	DDM

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