Stock calls for 26 August 2024

Date	Analyst	Company	Last	Target	Call	Valuation
08/26/24	Phillip	ART	0.895	1.04	Buy	DDM
08/26/24	DBS Vickers	ART	0.895	1.15	Buy	DCF
08/26/24	Phillip	BRC Asia	2.21	2.27	Accumulate	DCF
08/26/24	Lim & Tan	Creative Tech	1.2	1	Sell	BV
08/26/24	DMG & Partners	Frencken	1.37	1.71	Buy	PER16x FY24/25
08/26/24	SAC Capital	Hyphens Pharma	0.285	0.38	Buy
08/26/24	phillip	OUE Commercial	0.28	0.33	Buy	DDM
08/26/24	Amfrasers	Winking	0.29	0.35	Outperform	DCF

Baltic dry index - 1762

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 586

Related stock: Seatrium and Cosco.

RH Petrogas - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/08/23	UOB Kay Hian	RH Petrogas	0.187	0.255	Buy
07/25/23	UOB Kay Hian	RH Petrogas	0.205	0.25	Buy	Sum of parts
08/24/23	UOB Kay Hian	RH Petrogas	0.185	0.238	Buy	Sum of parts
03/25/24	UOB Kay Hian	RH Petrogas	0.16	0.242	Buy	Sum of parts
05/14/24	UOB Kay Hian	RH Petrogas	0.164	0.242	Buy	Sum of parts
08/21/24	UOB Kay Hian	RH Petrogas	0.141	0.231	Buy	Sum of parts

Rex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/14/23	UOB Kay Hian	Rex	0.164	0.1	Sell	PB0.5x
07/25/23	UOB Kay Hian	Rex	0.18	0.1	Sell
08/28/23	UOB Kay Hian	Rex	0.153	0.1	Sell
11/27/23	UOB Kay Hian	Rex	0.17	0.1	Sell	PB0.5x
03/12/24	UOB Kay Hian	Rex	0.132	0.08	Sell	PB1x

RE&S - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/20/24	Lim & Tan	RE&S	0.265	0.36	Vote For	Offer price

Stock calls for 23 August 2024

Date	Analyst	Company	Last	Target	Call	Valuation
08/23/24	Lim & Tan	AEM	1.31	1	Sell
08/23/24	CIMB	China Aviation Oil	0.87	1.2	Add	PER9.5x FY24
08/23/24	DMG & Partners	DBS	35.55	41.4	Buy	GGM, PB1.43x FY24
08/23/24	Amfrasers	Food Empire	1.01	1.35	outperform	DCF
08/23/24	DBS Vickers	Japfa	0.345	0.49	Buy	PER6.5x FY25
08/23/24	Lim & Tan	Marco Polo	0.054	0.083	Accumulate
08/23/24	phillip	SATS	3.5	3.45	Neutral	DCF
08/23/24	DBS Vickers	SATS	3.5	4.1	Buy	EV/Ebitda8.4x FY25/26
08/23/24	UOB Kay Hian	Winking	0.29	0.38	Buy