Bukit Sembawang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/04/24	Lim & Tan	Bukit Sembawang	3.4	5.92	Accumulate
05/27/25	Lim & Tan	Bukit Sembawang	3.92	0	Accumulate on weakness
07/04/25	Lim & Tan	Bukit Sembawang	4.08	0	Accumulate

BRC Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/21/24	UOB Kay Hian	BRC Asia	2.12	2.42	Buy
08/08/24	CIMB	BRC Asia	2.16	2.4	Add	PB
08/26/24	Phillip	BRC Asia	2.21	2.27	Accumulate	DCF
09/10/24	UOB Kay Hian	BRC Asia	2.29	2.29	Hold	PER7.5x FY24
11/22/24	Lim & Tan	BRC Asia	2.39	0	Accumulate
11/27/24	Phillip	BRC Asia	2.55	2.8	Accumulate
12/05/24	UOB Kay Hian	BRC Asia	2.52	2.52	Hold	PER8.2x FY25
01/13/25	Lim & Tan	BRC Asia	2.58	0	Hold
02/07/25	Lim & Tan	BRC Asia	2.87	2.9	Hold
02/13/25	Phillip	BRC Asia	2.91	3.15	Accumulate	DCF
03/07/25	UOB Kay Hian	BRC Asia	3.03	2.76	Hold	PER9x FY25
05/26/25	UOB Kay Hian	BRC Asia	3.13	3.29	Hold	PER9x FY25
05/26/25	Phillip	BRC Asia	3.13	3.4	Accumulate	DCF
05/27/25	CIMB	BRC Asia	3.12	3.4	Add
07/10/25	UOB Kay Hian	BRC Asia	3.3	3.29	Hold	PER9x FY25
07/15/25	Lim & Tan	BRC Asia	3.33	3.4	Hold
08/21/25	CIMB	BRC Asia	3.64	4	Add	PER
08/22/25	Phillip	BRC Asia	3.76	4.1	Accumulate	DCF
08/22/25	CIMB	BRC Asia	3.76	4.3	Add
08/25/25	Lim & Tan	BRC Asia	3.92	3.92	Hold
09/05/25	UOB Kay Hian	BRC Asia	4.05	4.69	Buy	PER14x FY26
10/10/25	CIMB	BRC Asia	4.33	5.3	Add	PER

Boustead - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/12/24	Lim & Tan	Boustead	1.04	1.4	Accumulate
05/14/25	OCBC	Boustead	1.05	1.39	Buy
05/27/25	Lim & Tan	Boustead	1.04	0	Accumulate
05/29/25	OCBC	Boustead	1.14	1.46	Buy
06/26/25	OCBC	Boustead	1.4	1.63	Buy
07/07/25	Lim & Tan	Boustead	1.42	0	Accumulate
07/18/25	OCBC	Boustead	1.64	2	Buy	Sum of parts
09/19/25	OCBC	Boustead	1.76	2	Buy	Sum of parts

Stock calls for 10 October 2025

Date	Analyst	Company	Last	Target	Call	Valuation
10/10/25	DBS Vickers	APAC Realty	0.695	0.8	Buy	PER13x FY25/26
10/10/25	CIMB	BRC Asia	4.33	5.3	Add	PER
10/10/25	CIMB	China Aviation Oil	1.33	1.52	Add	PER
10/10/25	DBS Vickers	Comfortdelgro	1.49	1.8	Buy	PB1.3x & EV/Ebitda5.4x
10/10/25	DMG & Partners	DBS	53.91	57.1	Buy	GGM, PB2.2x FY26
10/10/25	JPM	Keppel Corp	9.17	12.5	Overweight
10/10/25	DBS Vickers	Seatrium	2.44	2.96	Buy	PB1.5x FY25
10/10/25	CIMB	Seatrium	2.44	2.8	Add	PB
10/10/25	DBS Vickers	SIA Engineering	3.61	3.5	Under Review	PER21x FY26
10/10/25	DBS Vickers	Yangzijiang Shipping	3.44	3.8	Buy	PB2.5x FY25, PER11x FY25

China has just presented evidence to show that the US is a liar and Philippines is a robber in South China Sea! - Part 2

https://www.globaltimes.cn/page/202510/1345156.shtml

China has presented another solid evidence to dispel the Philippines misinformation.

The treaty of Paris had stated very clearly the boundaries of the Philippines and none of the South China Sea islands and reefs was within the boundaries.

https://en.wikipedia.org/wiki/Treaty_of_Paris_(1898)

This map from the treaty of Paris shows that Philippines is nothing but a land grabber in South China Sea.

Beng Kuang Marine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/08/24	Kim Eng	Beng Kuang Marine	0.28	0.47	Buy
08/06/24	Kim Eng	Beng Kuang Marine	0.24	0.29	Buy
10/07/24	Lim & Tan	Beng Kuang Marine	0.27	0.29	Buy
11/18/24	Kim Eng	Beng Kuang Marine	0.225	0.27	Buy
08/11/25	Kim Eng	Beng Kuang Marine	0.24	0.22	Hold	Up from $0.19

Aztech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/31/24	CIMB	Aztech	1.02	1.21	Add
07/31/24	DBS Vickers	Aztech	1.02	1.27	Buy
07/31/24	Kim Eng	Aztech	1.02	1.14	Buy
10/07/24	CIMB	Aztech	1.02	1.21	Add	DDM
10/30/24	UOB Kay Hian	Aztech	1.03	0.9	Hold	PER9x FY25
10/30/24	DBS Vickers	Aztech	1.03	0.63	Fully Valued	PER10x
10/30/24	CIMB	Aztech	1.03	0.78	Reduce
11/04/24	Kim Eng	Aztech	0.75	0.78	Hold
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

Avepoint - Stock calls

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

Stock calls for 9 October 2025

Date	Analyst	Company	Last	Target	Call	Valuation
10/09/25	UOB Kay Hian	Keppel Reit	1.03	1.2	Buy	DDM
10/09/25	Lim & Tan	Keppel Reit	1.03	1.03	Accumulate on weakness
10/09/25	DMG & Partners	Keppel Reit	1.03	1.05	Neutral	DDM
10/09/25	CIMB	Wilmar	2.89	3.3	Add	PER

ASL Marine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/01/25	Lim & Tan	ASL Marine	0.083	0	Accumulate

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/22/24	Lim & Tan	Ascendas India Trust	1.03	1.28	Accumulate
07/31/24	DBS Vickers	Ascendas India Trust	1.09	1.3	Buy	DDM
10/25/24	DBS Vickers	Ascendas India Trust	1.1	1.4	Buy	DDM
10/25/24	OCBC	Ascendas India Trust	1.1	1.28	Buy	DDM
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