F&N - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/22/25	DBS Vickers	F&N	1.38	1.93	Unrated	Sum of parts

Stock calls for 29 October 2025

Date	Analyst	Company	Last	Target	Call	Valuation
10/29/25	DBS Vickers	ART	0.955	1.15	Buy	DCF
10/29/25	Lim & Tan	ART	0.955	1.06	Accumulate
10/29/25	CIMB	Capitaland Integrated Commercial Trust	2.4	2.71	Add	DDM
10/29/25	DBS Vickers	China Aviation Oil	1.32	1.75	Buy	PER10.8x FY26
10/29/25	CIMB	Keppel Infrastructure	0.47	0.5	Add	P/FFO
10/29/25	DBS Vickers	Mapletree Logistics	1.33	1.55	Buy	DCF
10/29/25	DBS Vickers	Nanofilm	0.705	0.71	Hold	PER29x FY26
10/29/25	UOB Kay Hian	UMS	1.45	1.73	Buy	PER23x FY26

Ever Gloy Uinited Holdings - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/12/25	phillip	Ever Gloy Uinited Holdings	0.57	0.81	Buy	PER
09/03/25	Lim & Tan	Ever Gloy Uinited Holdings	0.74	0.81	Watchlist

ESR-Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/10/24	DMG & Partners	ESR-Reit	0.285	0.35	Buy	DDM
07/29/24	Kim Eng	ESR-Reit	0.275	0.32	Buy
08/01/24	DBS Vickers	ESR-Reit	0.275	0.34	Buy	DCF
08/01/24	DMG & Partners	ESR-Reit	0.275	0.34	Buy	DDM
09/24/24	DBS Vickers	ESR-Reit	0.28	0.34	Buy	DCF
10/30/24	DBS Vickers	ESR-Reit	0.28	0.34	Buy	DCF
11/06/24	CIMB	ESR-Reit	0.28	0.36	Add	DDM
11/08/24	Kim Eng	ESR-Reit	0.265	0.32	Buy	DDM
01/10/25	DMG & Partners	ESR-Reit	0.255	0.34	Buy	DDM
01/24/25	DBS Vickers	ESR-Reit	0.26	0.34	Buy	DCF
01/27/25	DBS Vickers	ESR-Reit	0.26	0.31	Buy	DCF
01/27/25	DMG & Partners	ESR-Reit	0.26	0.33	Buy
01/28/25	CIMB	ESR-Reit	0.255	0.36	Add	DDM
02/11/25	DBS Vickers	ESR-Reit	0.25	0.31	Buy	DCF
04/23/25	CIMB	ESR-Reit	0.205	0.36	Add	DDM
07/14/25	DMG & Partners	ESR-Reit	2.42	3.25	Buy	Share cosol 10-into-1, Up from $3.15
07/29/25	DBS Vickers	ESR-Reit	2.64	3.1	Buy	DCF
07/30/25	DBS Vickers	ESR-Reit	2.71	3.2	Buy	DCF
08/04/25	CIMB	ESR-Reit	2.74	3.55	Add	DDM
10/28/25	DBS Vickers	ESR-Reit	2.87	3.2	Buy	DCF

Emperador - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/27/24	UOB Kay Hian	Emperador	0.435	0.3	Sell

Stock calls for 28 October 2025

Date	Analyst	Company	Last	Target	Call	Valuation
10/28/25	DBS Vickers	Capitaland Integrated Commercial Trust	2.41	2.5	Buy
10/28/25	UOB Kay Hian	Cenurion Accommodation	1.08	1.23	Buy	DDM
10/28/25	DBS Vickers	ESR-Reit	2.87	3.2	Buy	DCF
10/28/25	DMG & Partners	HRnetGroup	0.745	0.85	Buy
10/28/25	UOB Kay Hian	Ifast Corp	9.81	11.12	Buy	PER32x FY26
10/28/25	DBS Vickers	Ifast Corp	9.81	12	Buy	Sum of parts & DCF
10/28/25	CIMB	Ifast Corp	9.81	11.7	Add	Sum of parts
10/28/25	JPM	Keppel Reit	1.03	1.18	Overweight
10/28/25	JPM	Mapletree Logistics	1.3	1.5	Overweight

What will the US Fed do for its upcoming FOMC meeting?

 As projected by the fedwatch tool below, the US Fed is projected to cut its rates again soon.

Elite ComReit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/22/24	phillip	Elite ComReit	0.255	0.32	Buy	DDM
07/24/24	DMG & Partners	Elite ComReit	0.245	0.31	Buy	DDM
08/08/24	phillip	Elite ComReit	0.26	0.32	Buy	DDM
08/08/24	DMG & Partners	Elite ComReit	0.26	0.31	Buy	DDM
10/03/24	Beansprout	Elite ComReit	0.32	0.44	Buy
11/06/24	phillip	Elite ComReit	0.3	0.34	Buy	DDM
11/06/24	DBS Vickers	Elite ComReit	0.3	0.25	Hold
11/06/24	DMG & Partners	Elite ComReit	0.3	0.35	Buy	DDM
11/06/24	Lim & Tan	Elite ComReit	0.3	0.33	Accumulate
11/28/24	UOB Kay Hian	Elite ComReit	0.29	0.38	Buy	DDM
12/18/24	Amfrasers	Elite ComReit	0.29	0.37	Outperform	DCF
01/10/25	DMG & Partners	Elite ComReit	0.29	0.35	Buy	DDM
02/10/25	Lim & Tan	Elite ComReit	0.3	0.36	Accumulate
02/11/25	phillip	Elite ComReit	0.31	0.35	Buy	DDM
02/11/25	DMG & Partners	Elite ComReit	0.31	0.35	Buy	DDM
02/12/25	DBS Vickers	Elite ComReit	0.305	0.36	Buy	DCF
03/13/25	UOB Kay Hian	Elite ComReit	0.3	0.35	Buy	DDM
05/02/25	phillip	Elite ComReit	0.295	0.35	Buy	DDM
05/02/25	DMG & Partners	Elite ComReit	0.295	0.35	Buy	DDM
05/05/25	Lim & Tan	Elite ComReit	0.29	0.35	Accumulate
05/06/25	UOB Kay Hian	Elite ComReit	0.29	0.35	Buy	DDM
06/11/25	DBS Vickers	Elite ComReit	0.335	0.36	Buy	DCF
06/11/25	CIMB	Elite ComReit	0.335	0.35	Add
06/11/25	Lim & Tan	Elite ComReit	0.335	0	Accumulate on weakness
06/23/25	phillip	Elite ComReit	0.305	0.35	Buy	DDM
07/15/25	DBS Vickers	Elite ComReit	0.32	0.36	Buy	DCF
07/24/25	CIMB	Elite ComReit	0.34	0.38	Add
08/01/25	phillip	Elite ComReit	0.345	0.39	Buy	DDM
08/04/25	DBS Vickers	Elite ComReit	0.35	0.4	Buy	DCF
08/06/25	DMG & Partners	Elite ComReit	0.345	0.37	Buy
09/19/25	UOB Kay Hian	Elite ComReit	0.35	0.39	Buy	DDM
09/22/25	phillip	Elite ComReit	0.35	0.39	Buy	DDM
10/23/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM

Dyna-Mac - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/20/24	Kim Eng	Dyna-Mac	0.375	0.52	Buy
07/08/24	Lim & Tan	Dyna-Mac	0.455	0.52	Buy
07/09/24	OCBC	Dyna-Mac	0.495	0.52	Buy
07/22/24	Kim Eng	Dyna-Mac	0.49	0.62	Buy
07/24/24	OCBC	Dyna-Mac	0.535	0.605	Buy
08/07/24	Kim Eng	Dyna-Mac	0.52	0.64	Buy
08/08/24	OCBC	Dyna-Mac	0.565	0.665	Buy
09/03/24	Lim & Tan	Dyna-Mac	0.54	0.72	Buy
09/12/24	Lim & Tan	Dyna-Mac	0.5	0.6	Hold	Offer price $0.60
09/13/24	Kim Eng	Dyna-Mac	0.62	0.64	Buy
09/24/24	Lim & Tan	Dyna-Mac	0.63	0.715	Hold Tight
10/04/24	Lim & Tan	Dyna-Mac	0.63	0.715	Overweight
10/11/24	Lim & Tan	Dyna-Mac	0.63	0.715	Hold
10/15/24	Kim Eng	Dyna-Mac	0.65	0.64	Accept Offer	Offer price @ $0.67
10/25/24	OCBC	Dyna-Mac	0.665	0.665	Accept Offer	Offer price @ $0.67
10/29/24	Lim & Tan	Dyna-Mac	0.66	0.67	Accept Offer	Offer price @ $0.67

Digicore Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/27/24	UOB Kay Hian	Digicore Reit	0.56	0.85	Buy	DDM
07/11/24	UOB Kay Hian	Digicore Reit	0.65	0.8	Buy	DDM
07/25/24	DBS Vickers	Digicore Reit	0.62	0.75	Buy	DCF
07/25/24	UOB Kay Hian	Digicore Reit	0.62	0.81	Buy	DDM
07/25/24	Lim & Tan	Digicore Reit	0.62	0	Accumulate on weakness
07/25/24	Citi Research	Digicore Reit	0.62	0.7	Buy
09/09/24	DBS Vickers	Digicore Reit	0.59	0.75	Buy	DCF
09/18/24	UOB Kay Hian	Digicore Reit	0.595	0.88	Buy	DDM
10/09/24	Lim & Tan	Digicore Reit	0.58	0.76	Accumulate
10/24/24	DBS Vickers	Digicore Reit	0.595	0.75	Buy	DCF
10/28/24	UOB Kay Hian	Digicore Reit	0.6	0.95	Buy	DDM
11/21/24	UOB Kay Hian	Digicore Reit	0.605	0.95	Buy	DDM
11/21/24	Citi Research	Digicore Reit	0.605	0.74	Buy
01/02/25	UOB Kay Hian	Digicore Reit	0.58	0.95	Buy	DDM
01/03/25	DBS Vickers	Digicore Reit	0.58	0.75	Buy	DCF
01/08/25	UOB Kay Hian	Digicore Reit	0.545	0.99	Buy	DDM
01/08/25	Citi Research	Digicore Reit	0.545	0.76	Buy	DDM & RNAV
01/28/25	DBS Vickers	Digicore Reit	0.545	0.72	Buy	DCF
01/31/25	UOB Kay Hian	Digicore Reit	0.55	0.93	Buy	DDM
02/13/25	Lim & Tan	Digicore Reit	0.515	0.78	Accumulate
02/14/25	UOB Kay Hian	Digicore Reit	0.535	0.88	Buy	DDM
03/06/25	UOB Kay Hian	Digicore Reit	0.55	0.88	Buy	DDM
04/01/25	UOB Kay Hian	Digicore Reit	0.53	0.88	Buy	DDM
04/24/25	DBS Vickers	Digicore Reit	0.475	0.7	Buy	DCF
05/02/25	phillip	Digicore Reit	0.5	0.9	Buy	DDM
05/21/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
06/27/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
07/24/25	UOB Kay Hian	Digicore Reit	0.555	0.88	Buy	DDM
07/24/25	DBS Vickers	Digicore Reit	0.555	0.68	Buy	DCF
08/29/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
10/23/25	DBS Vickers	Digicore Reit	0.485	0.68	Buy	DCF