Stock calls for 22 February 2023

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/23	DBS Vickers	Grand Venture	0.525	0.6	Buy	PER12x FY23/24
02/22/23	UOB Kay Hian	Sembcorp Industries	3.76	4.57	Buy	PER12.7x FY23
02/22/23	DBS Vickers	Sembcorp Industries	3.76	4.6	Buy
02/22/23	Kim Eng	Sembcorp Industries	3.76	4.35	Buy
02/22/23	DBS Vickers	SIA	5.78	6.8	Buy
02/22/23	Lim & Tan	SIA	5.78	5.78	Hold
02/22/23	UOB Kay Hian	Singapore Post	0.54	0.6	Hold	PER21.3x
02/22/23	Lim & Tan	ST Engineering	3.58	4.23	Accumulate
02/22/23	UOB Kay Hian	Wilmar	3.98	5.5	Buy	PER15.3x FY23
02/22/23	DBS Vickers	Wilmar	3.98	6.67	Buy	Sum of parts
02/22/23	CIMB	Wilmar	3.98	4.82	Add	Sum of parts
02/22/23	Citi Research	Wilmar	3.98	5.35	Buy

Starhub - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/25/22	UOB Kay Hian	Starhub	1.3	1.3	Hold	DCF
02/14/22	DBS Vickers	Starhub	1.33	1.31	Hold	DCF
02/14/22	Kim Eng	Starhub	1.33	1.45	Hold
02/14/22	Phillip	Starhub	1.33	1.35	Neutral	EV/Ebitda8x FY22
02/14/22	UOB Kay Hian	Starhub	1.33	1.3	Hold	DCF
02/15/22	Citi Research	Starhub	1.28	1.16	Sell
02/15/22	DMG & Partners	Starhub	1.28	1.29	Neutral
02/15/22	CIMB	Starhub	1.28	1.4	Hold
03/09/22	UOB Kay Hian	Starhub	1.23	1.3	Hold
03/09/22	Kim Eng	Starhub	1.23	1.29	Hold
05/04/22	Phillip	Starhub	1.26	1.35	Accumulate	EV/Ebitda8x FY22
05/05/22	DMG & Partners	Starhub	1.26	1.29	Neutral	DCF
05/05/22	CIMB	Starhub	1.26	1.4	Hold	DCF (20% disc)
05/05/22	Kim Eng	Starhub	1.26	1.32	Hold
08/05/22	UOB Kay Hian	Starhub	1.26	1.3	Hold	DCF
08/05/22	DBS Vickers	Starhub	1.26	1.31	Hold
08/05/22	DMG & Partners	Starhub	1.26	1.2	Neutral	DCF
08/08/22	Phillip	Starhub	1.24	1.35	Accumulate	EV/Ebitda8x FY22
08/08/22	Kim Eng	Starhub	1.24	1.32	Hold
10/03/22	Kim Eng	Starhub	1.1	1.32	Buy
10/05/22	Citi Research	Starhub	1.13	1.16	Hold
11/10/22	Kim Eng	Starhub	1.05	1.33	Buy
11/10/22	DMG & Partners	Starhub	1.05	1.07	Neutral	DCF
11/10/22	Citi Research	Starhub	1.05	1	Hold
11/11/22	CIMB	Starhub	1.03	1.1	Hold
11/11/22	DBS Vickers	Starhub	1.03	1.02	Hold
11/14/22	Phillip	Starhub	1.03	1.15	Accumulate	EV/Ebitda7x FY22
12/09/22	UOB Kay Hian	Starhub	1.05	1.3	Buy	DCF
12/09/22	Phillip	Starhub	1.05	1.15	Accumulate	EV/Ebitda7x FY22
02/08/23	UOB Kay Hian	Starhub	1.11	1.35	Buy	DCF
02/08/23	DBS Vickers	Starhub	1.11	1.05	Hold	DCF
02/08/23	DMG & Partners	Starhub	1.11	1.11	Neutral	DCF
02/08/23	Citi Research	Starhub	1.11	1.1	Hold
02/08/23	CIMB	Starhub	1.11	1.15	Hold
02/08/23	Kim Eng	Starhub	1.11	1.15	Hold
02/08/23	Lim & Tan	Starhub	1.11	1.19	Hold
02/09/23	Phillip	Starhub	1.04	1.08	Hold