Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/22	Citi Research	Wilmar	4.3	5.95	Buy
01/11/22	DMG & Partners	Wilmar	4.3	5.05	Buy
01/12/22	Kim Eng	Wilmar	4.27	5.8	Buy
01/19/22	UOB Kay Hian	Wilmar	4.24	6	Buy	Sum of parts
02/23/22	CIMB	Wilmar	4.62	5.69	Add	Sum of parts, PER15x FY22
02/23/22	Citi Research	Wilmar	4.62	6.08	Buy
02/23/22	DBS Vickers	Wilmar	4.62	6.67	Buy	Sum of parts
02/23/22	UOB Kay Hian	Wilmar	4.62	6	Buy	Sum of parts
02/24/22	UOB Kay Hian	Wilmar	4.56	5.5	Buy	Sum of parts
02/28/22	DMG & Partners	Wilmar	4.44	5.3	Buy
03/08/22	Kim Eng	Wilmar	4.7	6.56	Buy	DCF
03/11/22	UOB Kay Hian	Wilmar	4.61	5.5	Buy	Sum of parts
04/01/22	UOB Kay Hian	Wilmar	4.71	5.5	Buy	Sum of parts
04/12/22	DBS Vickers	Wilmar	4.62	6.67	Buy
04/12/22	DMG & Partners	Wilmar	4.62	5.3	Buy
05/05/22	UOB Kay Hian	Wilmar	4.41	5.5	Buy	Sum of parts
05/05/22	DMG & Partners	Wilmar	4.41	5.1	Buy	Sum of parts
05/10/22	CIMB	Wilmar	4.29	5.69	Add	PER15x FY22
05/10/22	Citi Research	Wilmar	4.29	6.08	Buy
05/13/22	UOB Kay Hian	Wilmar	4.13	5.5	Buy
06/23/22	UOB Kay Hian	Wilmar	4.02	5.5	Buy	Sum of parts
07/07/22	UOB Kay Hian	Wilmar	4.01	5.5	Buy	Sum of parts
07/12/22	CIMB	Wilmar	4.13	5.69	Add
08/05/22	UOB Kay Hian	Wilmar	4.13	5.5	Buy	Sum of parts
08/05/22	DBS Vickers	Wilmar	4.13	6.67	Buy
08/05/22	Lim & Tan	Wilmar	4.13	5.71	Buy
08/08/22	Kim Eng	Wilmar	4.3	4.47	Hold
08/08/22	DMG & Partners	Wilmar	4.3	5.05	Buy	Sum of parts
08/10/22	CIMB	Wilmar	4.09	5.69	Add
08/10/22	Citi Research	Wilmar	4.09	6.08	Buy
08/11/22	DMG & Partners	Wilmar	4.15	4.95	Buy	Sum of parts
10/19/22	UOB Kay Hian	Wilmar	3.52	5.5	Buy	Sum of parts
10/20/22	CIMB	Wilmar	3.55	4.68	Add	Sum of parts
10/31/22	Lim & Tan	Wilmar	3.6	5.39	Accumulate
11/01/22	UOB Kay Hian	Wilmar	3.88	5.5	Buy	Sum of parts
11/01/22	CIMB	Wilmar	3.88	4.68	Add	Sum of parts
11/01/22	DMG & Partners	Wilmar	3.88	5.4	Buy	Sum of parts
11/01/22	Kim Eng	Wilmar	3.88	4.27	Hold
11/01/22	Citi Research	Wilmar	3.88	5.35	Buy
01/04/23	UOB Kay Hian	Wilmar	4.11	5.5	Buy	PER15.3x FY23
01/06/23	DMG & Partners	Wilmar	4.13	5.4	Buy
01/13/23	DBS Vickers	Wilmar	4.14	6.67	Buy	Sum of parts
02/22/23	UOB Kay Hian	Wilmar	3.98	5.5	Buy	PER14x 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

Stock calls for 3 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/23	DMG & Partners	Dairy Farm	3.24	3.09	Neutral	DCF
03/03/23	UOB Kay Hian	Keppel Corp	5.43	9.09	Buy	Sum of parts
03/03/23	CIMB	OCBC	12.43	13.5	Add
03/03/23	Citi Research	OCBC	12.43	14.6	Buy
03/03/23	UOB Kay Hian	Sembcorp Industries	3.63	4.1	Buy	PER13.6x FY23
03/03/23	DMG & Partners	Sheng Siong	1.65	2	Buy

US 10-year treasury yield: Technical analysis.

The 10-year yield chart is showing a classic double bottom pattern which denotes a reversal for a bullish trend.  Therefore, the yield is expected to rise further and this means that investors are dumping the treasury because the price moves inversely to its yield.

Vicplas - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/22	CIMB	Vicplas	0.22	0.275	Add
03/15/22	CIMB	Vicplas	0.205	0.28	Add
05/05/22	CIMB	Vicplas	0.199	0.28	Add
07/13/22	CIMB	Vicplas	0.2	0.27	Add
09/23/22	Lim & Tan	Vicplas	0.19	0.27	Buy
09/27/22	CIMB	Vicplas	0.185	0.27	Add	PER11x FY23