Stock calls for 1 February 2023

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/23	Lim & Tan	Capitaland Integrated Commercial Trust	2.14	2.23	Hold
02/01/23	Lim & Tan	Civmec	0.595	1.05	Buy
02/01/23	UOB Kay Hian	CSE Global	0.375	0.45	Buy	PER14x FY23
02/01/23	CIMB	ESR-Reit	0.38	0.42	Add	DDM
02/01/23	DBS Vickers	Keppel DC Reit	2.04	2.35	Buy
02/01/23	DBS Vickers	Keppel Infrastructure	0.575	0.63	Buy
02/01/23	OCBC	Keppel Reit	0.965	0.85	Sell	Cut from $0.87
02/01/23	Citi Research	Keppel Reit	0.965	1.1	Buy
02/01/23	DBS Vickers	Keppel Reit	0.965	1.15	Buy
02/01/23	DBS Vickers	OCBC	12.93	15	Buy	GGM, PB1.23x FY23
02/01/23	CIMB	Sembcorp Marine	0.142	0.19	Add	PB1.6x FY23
02/01/23	HSBC	Sembcorp Marine	0.142	0.2	Buy
02/01/23	DBS Vickers	UOB	29.83	34.2	Buy	GGM, PB1.2x FY23

The US Fed is expected to raise the fed fund rate by 25bp in February 2023.

According to the Fedwatch tool, it is almost a certainty that the US Fed will raise the fed fund rate by 25bp in the February FOMC meeting.

Megachem - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/22	SAC Capital	Megachem	0.48	0.58	Buy	PER10.3x FY22, PB1.2x
06/22/22	SAC Capital	Megachem	0.47	0.58	Buy
08/23/22	SAC Capital	Megachem	0.5	0.58	Buy

Medtecs - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/23/22	DBS Vickers	Medtecs	0.24	0.225	Hold	DCF

Marco Polo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/22	SAC Capital	Marco Polo	0.028	0.032	Buy	PER8x FY22
03/25/22	DMG & Partners	Marco Polo	0.029	0.04	Buy
06/03/22	DMG & Partners	Marco Polo	0.03	0.04	Buy	DCF
06/17/22	UOB Kay Hian	Marco Polo	0.028	0.043	Buy	PB1.1x FY22
08/30/22	DMG & Partners	Marco Polo	0.037	0.05	Buy	DCF
12/07/22	UOB Kay Hian	Marco Polo	0.047	0.048	Hold	PB1.1x FY23

Stock calls for 31 January 2023

Date	Analyst	Company	Last	Target	Call	Valuation
01/31/23	CIMB	ART	1.1	1.27	Add	DDM
01/31/23	DBS Vickers	CDL Hospitality	1.37	1.6	Buy	DCF, PB1.1x FY23
01/31/23	DMG & Partners	CDL Hospitality	1.37	1.25	Neutral	DDM
01/31/23	Citi Research	CDL Hospitality	1.37	1.15	Sell
01/31/23	DBS Vickers	CSE Global	0.37	0.38	Hold
01/31/23	Kim Eng	DBS	35.68	42.69	Buy
01/31/23	DBS Vickers	ESR-Reit	0.38	0.44	Buy
01/31/23	OCBC	Hutchison Port	0.2	0.2	Hold
01/31/23	DBS Vickers	Micro-Mechanics	2.57	2.12	Fully Valued	PER23x FY23/24
01/31/23	Lim & Tan	Micro-Mechanics	2.57	2.32	Avoid
01/31/23	Kim Eng	OCBC	12.99	14.7	Buy
01/31/23	DBS Vickers	OUE Commercial	0.37	0.35	Hold
01/31/23	Kim Eng	Raffles Medical	1.46	1.6	Buy	DCF
01/31/23	UOB Kay Hian	Sembcorp Marine	0.141	0.156	Buy
01/31/23	OCBC	Starhill	0.585	0.63	Buy
01/31/23	DBS Vickers	Starhill	0.585	0.68	Buy
01/31/23	Kim Eng	UOB	30.07	33.77	Buy