APAC Realty - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/09/24	DBS Vickers	APAC Realty	0.395	0.48	Hold	PER11x
12/16/24	DMG & Partners	APAC Realty	0.39	0.42	Buy	DCF
01/07/25	DBS Vickers	APAC Realty	0.385	0.5	Buy	PER13x
01/17/25	DMG & Partners	APAC Realty	0.405	0.42	Buy	DCF
02/19/25	DMG & Partners	APAC Realty	0.455	0.42	Buy	DCF
03/03/25	DBS Vickers	APAC Realty	0.415	0.5	Buy	PER13x
03/17/25	DMG & Partners	APAC Realty	0.42	0.48	Buy	DCF
03/18/25	Lim & Tan	APAC Realty	0.415	0.49	Accumulate
07/02/25	DMG & Partners	APAC Realty	0.48	0.54	Buy	DCF
08/05/25	Lim & Tan	APAC Realty	0.565	0.66	Accumulate
08/11/25	DBS Vickers	APAC Realty	0.635	0.8	Buy	PER13x FY25/26
08/12/25	Lim & Tan	APAC Realty	0.705	0.8	Accumulate
09/01/25	Lim & Tan	APAC Realty	0.735	0.82	Accumulate	PER15.5x FY25/26
09/15/25	DMG & Partners	APAC Realty	0.88	0.8	Neutral
10/10/25	DBS Vickers	APAC Realty	0.695	0.8	Buy	PER13x FY25/26

Stock calls for 2 January 2026

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/26	UOB Kay Hian	A-Reit	2.83	4.02	Buy	DDM
01/02/26	DBS Vickers	Ascendas India Trust	1.22	1.5	Buy	DDM
01/02/26	UOB Kay Hian	Frasers Logistics	0.995	1.22	Buy	DDM
01/02/26	Lim & Tan	Keppel Corp	10.35	11.4	Accumulate
01/02/26	UOB Kay Hian	Keppel Reit	0.975	1.12	Buy	DDM
01/02/26	Lim & Tan	Keppel Reit	0.975	1.05	Hold
01/02/26	DMG & Partners	Keppel Reit	0.975	0.98	Neutral
01/02/26	UOB Kay Hian	Lendlease Reit	0.62	0.81	Buy	DDM
01/02/26	UOB Kay Hian	Mapletree Commercial	1.47	1.84	Buy	DDM
01/02/26	DBS Vickers	Nam Cheong	0.94	1.25	Buy	PER8x FY26

Alpina - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/04/25	Lim & Tan	Alpina	0.31	0.38	Wait	Offer $0.38

AIMS AMP Cap Ind Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/11/24	Lim & Tan	AIMS AMP Cap Ind Reit	1.26	1.47	Accumulate
12/16/24	DMG & Partners	AIMS AMP Cap Ind Reit	1.24	1.46	Buy	DDM
01/10/25	DMG & Partners	AIMS AMP Cap Ind Reit	1.29	1.46	Buy	DDM
01/31/25	Lim & Tan	AIMS AMP Cap Ind Reit	1.28	1.47	Accumulate
02/19/25	DMG & Partners	AIMS AMP Cap Ind Reit	1.26	1.46	Buy	DDM
03/03/25	Kim Eng	AIMS AMP Cap Ind Reit	1.23	1.39	Buy	DDM
03/24/25	DMG & Partners	AIMS AMP Cap Ind Reit	1.26	1.48	Buy	DDM
05/07/25	DBS Vickers	AIMS AMP Cap Ind Reit	1.27	1.55	Buy	DCF
05/07/25	Lim & Tan	AIMS AMP Cap Ind Reit	1.27	1.43	Accumulate
05/08/25	Kim Eng	AIMS AMP Cap Ind Reit	1.27	1.2	Hold	DDM
06/27/25	Lim & Tan	AIMS AMP Cap Ind Reit	1.31	1.41	Hold
07/14/25	Lim & Tan	AIMS AMP Cap Ind Reit	1.33	1.5	Accumulate
07/23/25	DMG & Partners	AIMS AMP Cap Ind Reit	1.4	1.52	Buy	DDM
08/05/25	Kim Eng	AIMS AMP Cap Ind Reit	1.36	1.25	Hold	DDM
08/06/25	DMG & Partners	AIMS AMP Cap Ind Reit	1.35	1.52	Buy	DDM
10/30/25	DMG & Partners	AIMS AMP Cap Ind Reit	1.39	1.52	Buy	DDM
11/06/25	DBS Vickers	AIMS AMP Cap Ind Reit	1.39	1.6	Buy
11/10/25	Kim Eng	AIMS AMP Cap Ind Reit	1.41	1.44	Buy	DDM

AEM - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/25	DBS Vickers	AEM	1.43	1.72	Buy	PER20x FY25
03/03/25	UOB Kay Hian	AEM	1.32	1.09	Sell	PER15x FY25
03/03/25	DBS Vickers	AEM	1.32	1.69	Buy	PER20x FY25/26
04/22/25	UOB Kay Hian	AEM	1.1	1.09	Sell	PER15x FY25
05/14/25	DBS Vickers	AEM	1.21	1.69	Buy	PER20x FY25/26
05/15/25	UOB Kay Hian	AEM	1.29	1.09	Sell	PER15x FY25
05/15/25	DBS Vickers	AEM	1.29	1.5	Buy	PER20x FY25/26
06/26/25	DBS Vickers	AEM	1.24	1.5	Buy	PER20x FY25/26
07/25/25	DBS Vickers	AEM	1.69	2.1	Buy	PER25x FY26
08/05/25	UOB Kay Hian	AEM	1.62	1.09	Sell	PER15x FY25
08/14/25	DBS Vickers	AEM	1.53	2.1	Buy	PER25x FY26
08/21/25	CIMB	AEM	1.41	1.44	Hold	PER
08/29/25	UOB Kay Hian	AEM	1.52	1.25	Sell	PER19x FY26
09/19/25	DBS Vickers	AEM	1.57	2.1	Buy	PER25x FY26
09/23/25	Amfrasers	AEM	1.92	2	Buy
10/06/25	DBS Vickers	AEM	2.04	2.1	Buy	PER25x FY26
11/13/25	DBS Vickers	AEM	1.8	2.1	Buy	PER25x FY26
11/14/25	UOB Kay Hian	AEM	1.83	1.51	Sell	PER23x FY26
11/19/25	Lim & Tan	AEM	1.73	1.6	Sell

Ascendas Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/16/24	DMG & Partners	A-Reit	2.55	3.2	Buy	DDM
12/17/24	DBS Vickers	A-Reit	2.55	3.25	Buy	DCF
12/18/24	Lim & Tan	A-Reit	2.55	3.19	Accumulate
12/19/24	OCBC	A-Reit	2.55	3.32	Buy
01/02/25	UOB Kay Hian	A-Reit	2.57	3.74	Buy	DDM
01/10/25	DMG & Partners	A-Reit	2.58	3.2	Buy	DDM
02/07/25	DBS Vickers	A-Reit	2.59	3.2	Buy	DCF
02/07/25	CIMB	A-Reit	2.59	3.1	Add	DDM
02/07/25	Lim & Tan	A-Reit	2.59	3.19	Accumulate
02/10/25	UOB Kay Hian	A-Reit	2.64	3.51	Buy	DDM
02/10/25	DMG & Partners	A-Reit	2.64	3.2	Buy	DDM
02/10/25	MorningStar	A-Reit	2.64	2.9	4-Star
02/10/25	OCBC	A-Reit	2.64	3.3	Buy
03/06/25	UOB Kay Hian	A-Reit	2.55	3.51	Buy	DDM
04/01/25	UOB Kay Hian	A-Reit	2.67	3.51	Buy	DDM
04/17/25	DMG & Partners	A-Reit	2.62	3.2	Buy	DDM
04/29/25	DBS Vickers	A-Reit	2.68	3.2	Buy	DCF
04/29/25	OCBC	A-Reit	2.68	3.21	Buy
05/21/25	UOB Kay Hian	A-Reit	2.58	3.51	Buy	DDM
05/28/25	Lim & Tan	A-Reit	2.61	3.12	Accumulate
05/29/25	CIMB	A-Reit	2.61	3.1	Add	DDM
06/13/25	DBS Vickers	A-Reit	2.6	3.2	Buy	DCF
06/18/25	UOB Kay Hian	A-Reit	2.64	3.58	Buy	DDM
06/27/25	UOB Kay Hian	A-Reit	2.66	4.02	Buy	DDM
07/16/25	CIMB	A-Reit	2.75	3.1	Add	DDM
08/01/25	UOB Kay Hian	A-Reit	2.79	4.02	Buy	DDM
08/05/25	CIMB	A-Reit	2.88	3.15	Add	DDM
08/05/25	Lim & Tan	A-Reit	2.88	3.15	Accumulate on weakness
08/06/25	DMG & Partners	A-Reit	2.75	3.2	Buy	DDM
09/01/25	UOB Kay Hian	A-Reit	2.72	4.02	Buy	DDM
10/01/25	UOB Kay Hian	A-Reit	2.79	4.02	Buy	DDM
10/07/25	DBS Vickers	A-Reit	2.85	3.2	Buy	DCF
10/07/25	Lim & Tan	A-Reit	2.85	3.15	Accumulate on weakness
10/30/25	DMG & Partners	A-Reit	2.87	3.2	Buy	DDM
11/03/25	UOB Kay Hian	A-Reit	2.82	4.02	Buy	DDM
11/03/25	DBS Vickers	A-Reit	2.82	3.2	Buy	DCF
11/03/25	CIMB	A-Reit	2.82	3.27	Add	DDM
11/03/25	Lim & Tan	A-Reit	2.82	3.18	Accumulate on weakness
12/22/25	DMG & Partners	A-Reit	2.79	3.2	Buy	DDM
12/01/25	UOB Kay Hian	A-Reit	2.81	4.02	Buy	DDM
12/30/25	Lim & Tan	A-Reit	2.82	3.27	Accumulate on weakness