Aztech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/18/25	CIMB	Aztech	0.69	0.82	Add
02/26/25	UOB Kay Hian	Aztech	0.725	0.65	Hold	PER9x FY25
02/26/25	DBS Vickers	Aztech	0.725	0.52	Fully Valued	PER10x
02/26/25	Kim Eng	Aztech	0.725	0.82	Buy
04/14/25	Kim Eng	Aztech	0.73	0.63	Hold
04/16/25	UOB Kay Hian	Aztech	0.73	0.46	Sell	PB1.1x FY25
04/16/25	DBS Vickers	Aztech	0.73	0.52	Fully Valued	PER10x
04/16/25	Kim Eng	Aztech	0.73	0.56	Hold
05/06/25	Kim Eng	Aztech	0.515	0.45	Hold
06/17/25	CIMB	Aztech	0.58	0.41	Reduce
06/27/25	DBS Vickers	Aztech	0.6	0.38	Fully Valued	PER15x FY25
07/23/25	DBS Vickers	Aztech	0.605	0.66	Hold	PER14x FY25
07/23/25	CIMB	Aztech	0.605	0.6	Hold
07/24/25	UOB Kay Hian	Aztech	0.605	0.58	Hold	PER12x FY26
07/24/25	Kim Eng	Aztech	0.605	0.5	Hold
08/05/25	UOB Kay Hian	Aztech	0.645	0.58	Hold	PER12x FY26
08/06/25	DBS Vickers	Aztech	0.65	0.66	Hold	PER14x FY25
10/16/25	UOB Kay Hian	Aztech	0.675	0.58	Hold	PER12x FY26
10/16/25	DBS Vickers	Aztech	0.675	0.66	Hold	PER14x FY25
10/16/25	Lim & Tan	Aztech	0.675	0	Hold
10/16/25	CIMB	Aztech	0.675	0.66	Hold
10/21/25	Kim Eng	Aztech	0.635	0.61	Hold	PER

Stock calls for 6 January 2026

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/26	Macquarie	DBS	56.65	46	Underperform
01/06/26	JPM	DBS	56.65	70	Overweight
01/06/26	UOB Kay Hian	Digicore Reit	0.545	0.92	Buy	DDM
01/06/26	DBS Vickers	Ifast Corp	9.57	12	Buy	Sum of parts & DCF
01/06/26	Lim & Tan	Ley Choon	0.78	0	Buy
01/06/26	Goldman Sachs	OCBC	19.96	21.2	Buy
01/06/26	Autonomous	OCBC	19.96	17	Underperform
01/06/26	CIMB	Raffles Medical	1.01	1.23	Add	Up from $1.20
01/06/26	DBS Vickers	Sheng Siong	2.67	2.6	Hold	PER23.7x FY26

Avepoint - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/06/25	DBS Vickers	Avepoint	19.11	28	Buy	EV/Sales 11x
11/10/25	DBS Vickers	Avepoint	17.6	28	Buy	EV/Sales 11x

ASL Marine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/01/25	Lim & Tan	ASL Marine	0.083	0	Accumulate
10/14/25	Lim & Tan	ASL Marine	0.215	0.3	Buy	PER9.5x FY27
11/03/25	UOB Kay Hian	ASL Marine	0.23	0.33	Buy	PER11.6x FY26
11/10/25	Lim & Tan	ASL Marine	0.255	0.3	Buy	PER9.5x FY27
12/02/25	UOB Kay Hian	ASL Marine	0.25	0.35	Buy	PER11.6x FY26
12/02/25	Lim & Tan	ASL Marine	0.25	0.33	Buy	PER9.5x FY27
01/05/26	UOB Kay Hian	ASL Marine	0.29	0.35	Buy	PER11.6x FY26

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/15/25	DBS Vickers	Ascendas India Trust	1.06	1.4	Buy	DDM
01/16/25	Lim & Tan	Ascendas India Trust	1.05	1.28	Accumulate
01/31/25	Lim & Tan	Ascendas India Trust	1.03	1.31	Accumulate
02/05/25	DBS Vickers	Ascendas India Trust	1.02	1.45	Buy	DDM
04/16/25	DBS Vickers	Ascendas India Trust	0.92	1.45	Buy	DDM
07/31/25	OCBC	Ascendas India Trust	1.17	1.44	Buy	DDM
09/30/25	DBS Vickers	Ascendas India Trust	1.17	1.5	Buy	DDM
11/03/25	OCBC	Ascendas India Trust	1.21	1.42	Buy	DDM
01/02/26	DBS Vickers	Ascendas India Trust	1.22	1.5	Buy	DDM

Stock calls for 5 January 2026

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/26	UOB Kay Hian	A-Reit	2.83	4.02	Buy	DDM
01/05/26	UOB Kay Hian	ASL Marine	0.29	0.35	Buy	PER11.6x FY26
01/05/26	Uob Kay Hian	Capitaland Investment	2.74	3.49	Buy	Sum of parts
01/05/26	UOB Kay Hian	Cenurion Accommodation	1.12	1.23	Buy	DDM
01/05/26	UOB Kay Hian	City Developments	8.02	8.5	Buy	PB0.8x
01/05/26	DMG & Partners	City Developments	8.02	9.5	Buy
01/05/26	Lim & Tan	Civmec	1.16	1.35	Accumulate
01/05/26	UOB Kay Hian	CSE Global	1.03	1.22	Buy	PER21x FY26
01/05/26	UOB Kay Hian	Dairy Farm	3.93	4.3	Buy	PER22.7x
01/05/26	DBS Vickers	Digicore Reit	0.51	0.68	Buy	DCF
01/05/26	Lim & Tan	F&N	1.5	1.5	Hold
01/05/26	UOB Kay Hian	First Resources	2.08	2.3	Buy	PER10x FY26
01/05/26	UOB Kay Hian	Food Empire	2.45	3	Buy	PER19x FY26
01/05/26	UOB Kay Hian	Genting	0.725	0.89	Buy	EV/Ebitda8x FY26
01/05/26	UOB Kay Hian	Keppel Corp	10.37	11.7	Buy	PER16.8x FY26
01/05/26	UOB Kay Hian	OCBC	19.85	20.22	Buy	GGM, PB1.45x FY26
01/05/26	UOB Kay Hian	Valuetronics	0.86	1.03	Buy	PER13x FY27

Baltic dry index - 1882

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 546

 
Related stock: Seatrium & Cosco.

Hot news: SG foreign minister asked China not to bypass the straits of Malacca and was retorted by Indonesia.

SG foreign minister was retorted by Indonesia for telling China not to bypass the straits of Malacca and use Indonesia's port.

https://inf.news/en/world/44570ea6b38ed90881981a06e85ea281.html

Ascott Residence Trust (ART)

Date	Analyst	Company	Last	Target	Call	Valuation
12/17/24	DBS Vickers	ART	0.875	1.15	Buy	DCF
12/19/24	OCBC	ART	0.875	1.06	Buy
01/02/25	UOB Kay Hian	ART	0.87	1.38	Buy	DDM
01/03/25	Phillip	ART	0.89	1.03	Buy	DDM
01/09/25	Kim Eng	ART	0.895	1.15	Buy
01/27/25	Lim & Tan	ART	0.88	1.08	Accumulate
01/28/25	Phillip	ART	0.89	1.05	Buy	DDM
01/28/25	Citi Research	ART	0.89	1.12	Buy	DDM & RNAV
02/04/25	OCBC	ART	0.895	0.99	Buy
02/17/25	Phillip	ART	0.875	1.05	Buy	DDM
03/06/25	UOB Kay Hian	ART	0.86	1.38	Buy	DDM
03/13/25	CIMB	ART	0.88	1.13	Add	DDM
03/24/25	Phillip	ART	0.87	1.05	Buy	DDM
04/01/25	UOB Kay Hian	ART	0.87	1.38	Buy	DDM
04/21/25	Phillip	ART	0.845	1.05	Buy	DDM
04/28/25	DBS Vickers	ART	0.855	1.15	Buy	DCF
05/21/25	UOB Kay Hian	ART	0.86	1.38	Buy	DDM
05/28/25	Kim Eng	ART	0.86	1.1	Buy
06/27/25	UOB Kay Hian	ART	0.875	1.56	Buy	DDM
07/03/25	Phillip	ART	0.885	1.05	Buy	DDM
07/29/25	DBS Vickers	ART	0.905	1.15	Buy	DCF
07/29/25	Lim & Tan	ART	0.905	1.11	Accumulate
07/30/25	OCBC	ART	0.91	1.02	Buy
07/31/25	Phillip	ART	0.905	1.05	Buy	DDM
08/01/25	UOB Kay Hian	ART	0.895	1.56	Buy	DDM
08/04/25	Kim Eng	ART	0.89	1.05	Buy	DDM
08/05/25	DBS Vickers	ART	0.905	1.15	Buy	DCF
08/28/25	Lim & Tan	ART	0.875	1.08	Accumulate
09/01/25	UOB Kay Hian	ART	0.885	1.56	Buy	DDM
10/29/25	DBS Vickers	ART	0.955	1.15	Buy	DCF
10/29/25	Lim & Tan	ART	0.955	1.06	Accumulate
10/30/25	UOB Kay Hian	ART	0.96	1.56	Buy	DDM
10/30/25	Phillip	ART	0.96	1.05	Buy	DDM
12/01/25	UOB Kay Hian	ART	0.945	1.56	Buy	DDM
12/08/25	DBS Vickers	ART	0.935	1.15	Buy	DCF

ARA Hospitality (Acrophyte) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/25	DBS Vickers	ARA Hospitality (Acrophyte)	0.215	0.25	Buy	DCF