Ultragreen - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/03/25	UOB Kay Hian	Ultragreen	1.45	2	Buy	PER24x FY26
01/16/26	UOB Kay Hian	Ultragreen	1.65	2	Buy	PER24x FY26
01/26/26	DBS Vickers	Ultragreen	1.68	2.05	Buy	PER26x FY26
02/02/26	UOB Kay Hian	Ultragreen	1.68	2	Buy	PER24x FY26
02/19/26	DBS Vickers	Ultragreen	1.68	2.05	Buy	PER26x FY26
03/02/26	DBS Vickers	Ultragreen	1.7	2	Buy	PER26x FY26
03/04/26	UOB Kay Hian	Ultragreen	1.58	1.95	Buy	PER26x FY26
03/04/26	Citi Research	Ultragreen	1.58	2	Buy
04/07/26	DBS Vickers	Ultragreen	1.43	2	Buy	PER26x FY26
05/04/26	UOB Kay Hian	Ultragreen	1.46	1.95	Buy	PER26x FY26
05/05/26	DBS Vickers	Ultragreen	1.49	2	Buy	PER26x FY26
06/03/26	UOB Kay Hian	Ultragreen	1.36	1.95	Buy	PER26x FY26
06/29/26	Phillip	Ultragreen	1.23	1.92	Buy	DCF
08/04/26	UOB Kay Hian	Ultragreen	1.22	1.95	Buy	PER26x FY26
08/13/26	DBS Vickers	Ultragreen	1.33	2	Buy	PER26x FY26
08/17/26	Phillip	Ultragreen	1.26	1.91	Buy	DCF
08/21/26	Phillip	Ultragreen	0.745	1.81	Buy	DCF
08/21/26	DBS Vickers	Ultragreen	0.745	0.8	Hold	Sum of parts
08/31/26	Citi Research	Ultragreen	0.7	0.9	Buy	DCF
09/15/26	DBS Vickers	Ultragreen	0.58	0.65	Hold	Sum of parts

UI Boustead - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/09/26	Lim & Tan	UI Boustead	0.88	0	Subscribe
04/15/26	Goldman Sachs	UI Boustead	0.835	0.91	Neutral
04/23/26	UOB Kay Hian	UI Boustead	0.82	1.16	Buy	DDM
05/21/26	UOB Kay Hian	UI Boustead	0.77	1.13	Buy	DDM
05/21/26	DBS Vickers	UI Boustead	0.77	1.05	Buy
05/25/26	Lim & Tan	UI Boustead	0.78	1.03	Accumulate
05/26/26	UOB Kay Hian	UI Boustead	0.805	1.17	Buy	DDM
06/02/26	Kim Eng	UI Boustead	0.795	1.03	Buy
06/15/26	UOB Kay Hian	UI Boustead	0.79	1.17	Buy	DDM
07/01/26	UOB Kay Hian	UI Boustead	0.8	1.17	Buy	DDM
07/15/26	DBS Vickers	UI Boustead	0.82	1.05	Buy
07/29/26	UOB Kay Hian	UI Boustead	0.81	1.16	Buy	DDM
08/25/26	UOB Kay Hian	UI Boustead	0.8	1.16	Buy	DDM
09/01/26	UOB Kay Hian	UI Boustead	0.8	1.16	Buy	DDM

Toku - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/07/26	Amfrasers	Toku	0.25	0.39	Outperform	DCF
08/06/26	Amfrasers	Toku	0.195	0.37	Outperform	DCF

Stock calls for 30 September 2026

Date	Analyst	Company	Last	Target	Call	Valuation
09/30/26	Lim & Tan	Aedge	0.215	0.295	Buy
09/30/26	UOB Kay Hian	Bumitama	2.1	2.54	Buy
09/30/26	DBS Vickers	Comfortdelgro	1.27	1.4	Hold	EV/Ebitda5.3x
09/30/26	UOB Kay Hian	First Resources	4.47	5.09	Buy
09/30/26	Lim & Tan	SGX	22.4	24.61	Hold
09/30/26	Lim & Tan	Wing Tai	1.54	0	Hold

Tiong Woon - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/29/25	Lim & Tan	Tiong Woon	0.775	0	Buy
09/02/25	UOB Kay Hian	Tiong Woon	0.785	0.73	Hold	PB0.5x FY26
01/16/26	CIMB	Tiong Woon	0.865	1.23	Add
01/20/26	UOB Kay Hian	Tiong Woon	0.93	1.11	Buy	PB0.75x FY26
01/30/26	Lim & Tan	Tiong Woon	0.995	1.3	Buy
02/16/26	Lim & Tan	Tiong Woon	0.97	1.17	Buy
03/03/26	CIMB	Tiong Woon	1.02	1.29	Add	EV/Ebitda
09/01/26	CIMB	Tiong Woon	0.965	1.33	Add	EV/Ebitda
09/02/26	Lim & Tan	Tiong Woon	0.97	1.22	Accumulate

Thomson Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/25	Lim & Tan	Thomson Medical	0.06	0.049	Hold
09/03/25	Phillip	Thomson Medical	0.06	0.074	Buy	Sum of parts
09/03/25	Kim Eng	Thomson Medical	0.06	0.047	Hold
02/12/26	Kim Eng	Thomson Medical	0.062	0.062	Hold	Sum of parts
02/16/26	Phillip	Thomson Medical	0.05	0.071	Accumulate	Sum of parts
08/31/26	Phillip	Thomson Medical	0.054	0.071	Buy	Sum of parts

The Assembly Place - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/22/26	Amfrasers	The Assembly Place	0.23	0.35	Outperform	DCF
03/30/26	Lim & Tan	The Assembly Place	0.24	0.34	Accumulate
04/10/26	Amfrasers	The Assembly Place	0.24	0.35	Outperform	DCF
08/18/26	Amfrasers	The Assembly Place	0.23	0.348	Outperform	DCF

Stock calls for 29 September 2026

Date	Analyst	Company	Last	Target	Call	Valuation
09/29/26	Lim & Tan	Centurion	1.45	1.92	Accumulate
09/29/26	phillip	City Developments	7.59	11.32	Buy	RNAV (25% disc)
09/29/26	DBS Vickers	Kimly	0.39	0.52	Buy	DCF & PER18x
09/29/26	Lim & Tan	Mapletree Industrial	1.87	1.93	Hold
09/29/26	DBS Vickers	Wee Hur	0.625	0.9	Buy	Sum of parts (15% disc)

Thakral - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/25/25	Phillip	Thakral	1.43	2.12	Buy	Sum of parts
11/24/25	Phillip	Thakral	1.67	2.12	Buy	Sum of parts
11/24/25	Phillip	Thakral	1.84	2.56	Buy	Sum of parts (50% disc)
06/08/26	Phillip	Thakral	1.88	2.56	Buy	Sum of parts (50% disc)
08/21/26	Phillip	Thakral	1.62	2.22	Buy	Sum of parts (50% disc)

Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/15/25	DBS Vickers	Thai Beverage	0.475	0.63	Buy	PER16x FY25
08/15/25	CIMB	Thai Beverage	0.475	0.56	Add	PER
09/02/25	DMG & Partners	Thai Beverage	0.465	0.65	Buy	Sum of parts
10/27/25	DBS Vickers	Thai Beverage	0.495	0.63	Buy	PER16x FY25
11/10/25	DBS Vickers	Thai Beverage	0.475	0.63	Buy	PER16x FY25
11/27/25	DBS Vickers	Thai Beverage	0.465	0.62	Buy	PER14x FY26
11/27/25	Kim Eng	Thai Beverage	0.465	0.43	Hold
11/27/25	CIMB	Thai Beverage	0.465	0.58	Add	Sum of parts
11/27/25	DMG & Partners	Thai Beverage	0.465	0.62	Buy	Sum of parts
12/01/25	Phillip	Thai Beverage	0.465	0.53	Accumulate	PER12x FY26
12/22/25	DMG & Partners	Thai Beverage	0.46	0.62	Buy	Sum of parts
01/08/26	Aletheia Capital	Thai Beverage	0.465	0.39	Sell
01/20/26	DBS Vickers	Thai Beverage	0.465	0.62	Buy	PER14x FY26
01/30/26	UOB Kay Hian	Thai Beverage	0.48	0.45	Hold
02/13/26	DMG & Partners	Thai Beverage	0.47	0.62	Buy	Sum of parts
02/16/26	DBS Vickers	Thai Beverage	0.47	0.62	Buy	PER14x FY26
02/19/26	Kim Eng	Thai Beverage	0.475	0.43	Hold
03/31/26	DBS Vickers	Thai Beverage	0.43	0.62	Buy	PER14x FY26
05/15/26	DBS Vickers	Thai Beverage	0.42	0.62	Buy	PER14x FY26
05/15/26	CIMB	Thai Beverage	0.42	0.58	Add	Sum of parts
05/18/26	Phillip	Thai Beverage	0.43	0.53	Buy	PER12x FY26
05/19/26	Kim Eng	Thai Beverage	0.445	0.48	Buy
05/19/26	OCBC	Thai Beverage	0.445	0.55	Buy
06/10/26	DMG & Partners	Thai Beverage	0.44	0.56	Buy
06/24/26	UOB Kay Hian	Thai Beverage	0.435	0.475	Buy
06/25/26	DBS Vickers	Thai Beverage	0.445	0.53	Buy	PER12x FY27
06/25/26	CIMB	Thai Beverage	0.445	0.58	Add	PER
06/29/26	Phillip	Thai Beverage	0.44	0.53	Buy	PER12x FY26
07/15/26	DMG & Partners	Thai Beverage	0.435	0.56	Buy
08/17/26	CIMB	Thai Beverage	0.47	0.58	Add	PER
08/24/26	DMG & Partners	Thai Beverage	0.465	0.56	Buy