Attika - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/30/26	Amfrasers	Attika	0.165	0.312	Outperform	DCF
09/09/26	Amfrasers	Attika	0.2	0.308	Outperform	DCF

Aspial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/08/26	SAC Capital	Aspial	0.355	0.5	Buy	PER
09/02/26	SAC Capital	Aspial	0.355	0.5	Buy	PER
09/23/26	OCBC	Aspial	0.35	0.46	Buy	DDM

ASL Marine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/01/25	Lim & Tan	ASL Marine	0.083	0	Accumulate
10/14/25	Lim & Tan	ASL Marine	0.215	0.3	Buy	PER9.5x FY27
11/03/25	UOB Kay Hian	ASL Marine	0.23	0.33	Buy	PER11.6x FY26
11/10/25	Lim & Tan	ASL Marine	0.255	0.3	Buy	PER9.5x FY27
12/02/25	UOB Kay Hian	ASL Marine	0.25	0.35	Buy	PER11.6x FY26
12/02/25	Lim & Tan	ASL Marine	0.25	0.33	Buy	PER9.5x FY27
01/05/26	UOB Kay Hian	ASL Marine	0.29	0.35	Buy	PER11.6x FY26
02/02/26	UOB Kay Hian	ASL Marine	0.31	0.35	Buy	PER11.6x FY26
02/16/26	UOB Kay Hian	ASL Marine	0.32	0.43	Buy	PER12x FY27
03/04/26	Lim & Tan	ASL Marine	0.335	0.45	Buy
03/10/26	UOB Kay Hian	ASL Marine	0.285	0.43	Buy	PER12x FY27
05/07/26	UOB Kay Hian	ASL Marine	0.375	0.43	Buy	PER12x FY27
05/21/26	Lim & Tan	ASL Marine	0.365	0.45	Buy	PER12x FY27
06/19/26	Lim & Tan	ASL Marine	0.315	0.47	Buy	PER12x FY27
06/19/26	Evolve Capital	ASL Marine	0.315	0.42	Buy
08/28/26	Lim & Tan	ASL Marine	0.295	0.43	Buy
09/02/26	UOB Kay Hian	ASL Marine	0.3	0.41	Buy	PER12x FY27
09/03/26	Lim & Tan	ASL Marine	0.295	0.43	Buy
09/16/26	Evolve Capital	ASL Marine	0.29	0.38	Buy
10/14/26	Lim & Tan	ASL Marine	0.24	0.47	Buy

Stock calls for 16 October 2026

Date	Analyst	Company	Last	Target	Call	Valuation
10/16/26	Lim & Tan	APAC Realty	0.45	0.73	Accumulate
10/16/26	Uob Kay Hian	Capitaland Investment	2.38	3.93	Buy	Sum of parts
10/16/26	UOB Kay Hian	Centurion	1.26	2.1	Buy
10/16/26	UOB Kay Hian	City Developments	7.05	11.85	Buy	RNAV (30% disc)
10/16/26	Citi Research	CSE Global	0.92	1.7	Buy	PEG1x
10/16/26	DMG & Partners	Dairy Farm	3.32	4.93	Buy
10/16/26	Amfrasers	Ever Glory Uinited Holdings	0.77	1.07	Outperform	DCF
10/16/26	Phillip	Nanofilm	0.77	1.2	Buy	PER28x FY27
10/16/26	UOB Kay Hian	Propnex	1.69	2.55	Buy
10/16/26	Lim & Tan	Propnex	1.69	2.21	Accumulate
10/16/26	phillip	Raffles Education	0.08	0.2	Buy	DCF
10/16/26	Lim & Tan	UOL	7.61	12.14	Accumulate on weakness

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

We had projected earlier that the US Fed would hold its rates in October FOMC.  The latest Fedwatch tool shows the same outcome as ours.

There's an 87.3% probability that the US Fed would hold its rates for October FOMC.

As the Fed had just hiked its rates in September, it would take some time for the effects to make some impacts in the market.  Therefore, the Fed can afford to wait until December to hike by 25bps or 50bps when necessary.

Furthermore, by holding the Fed's rates, Trump won't have any excuse to smear the Fed's action(hike) for his own election loss in November.  Cheers!

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/30/25	DBS Vickers	Ascendas India Trust	1.17	1.5	Buy	DDM
11/03/25	OCBC	Ascendas India Trust	1.21	1.42	Buy	DDM
01/02/26	DBS Vickers	Ascendas India Trust	1.22	1.5	Buy	DDM
02/02/26	Lim & Tan	Ascendas India Trust	1.24	1.43	Accumulate
02/03/26	DBS Vickers	Ascendas India Trust	1.27	1.5	Buy	DDM
02/03/26	OCBC	Ascendas India Trust	1.27	1.38	Buy	DDM
02/26/26	OCBC	Ascendas India Trust	1.21	1.37	Buy	DDM
04/24/26	OCBC	Ascendas India Trust	1.05	1.3	Buy	DDM
07/29/26	OCBC	Ascendas India Trust	1.02	1.32	Buy	DDM
07/30/26	DBS Vickers	Ascendas India Trust	1.05	1.5	Buy	DDM

Ascott Residence Trust (ART) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	UOB Kay Hian	ART	0.895	1.56	Buy	DDM
08/04/25	Kim Eng	ART	0.89	1.05	Buy	DDM
08/05/25	DBS Vickers	ART	0.905	1.15	Buy	DCF
08/28/25	Lim & Tan	ART	0.875	1.08	Accumulate
09/01/25	UOB Kay Hian	ART	0.885	1.56	Buy	DDM
10/29/25	DBS Vickers	ART	0.955	1.15	Buy	DCF
10/29/25	Lim & Tan	ART	0.955	1.06	Accumulate
10/30/25	UOB Kay Hian	ART	0.96	1.56	Buy	DDM
10/30/25	Phillip	ART	0.96	1.05	Buy	DDM
12/01/25	UOB Kay Hian	ART	0.945	1.56	Buy	DDM
12/08/25	DBS Vickers	ART	0.935	1.15	Buy	DCF
01/30/26	DBS Vickers	ART	0.965	1.15	Buy	DCF
01/30/26	Lim & Tan	ART	0.965	1.11	Accumulate
01/30/26	CIMB	ART	0.965	1.18	Add
02/02/26	Phillip	ART	0.98	1.08	Accumulate	DDM
02/03/26	UOB Kay Hian	ART	0.98	1.42	Buy	DDM
02/09/26	Kim Eng	ART	0.97	1.05	Buy	DDM
02/09/26	OCBC	ART	0.97	1.01	Buy
02/09/26	CIMB	ART	0.97	1.18	Add
02/09/26	DBS Vickers	ART	0.97	1.15	Buy
04/01/26	UOB Kay Hian	ART	0.88	1.42	Buy	DDM
04/27/26	OCBC	ART	0.905	0.95	Buy
04/28/26	Phillip	ART	0.9	1.08	Buy	DDM
04/28/26	Lim & Tan	ART	0.9	1.08	Accumulate
04/28/26	CIMB	ART	0.9	1.13	Add	DDM
05/29/26	OCBC	ART	0.895	0.95	Buy
05/29/26	Lim & Tan	ART	0.895	1.08	Accumulate
07/06/26	UOB Kay Hian	ART	0.895	1.42	Buy	DDM
07/28/26	DBS Vickers	ART	0.915	1.15	Buy
07/28/26	Lim & Tan	ART	0.915	1.07	Accumulate
07/29/26	OCBC	ART	0.91	0.95	Buy
08/03/26	Phillip	ART	0.905	1.08	Buy	DDM
09/10/26	UOB Kay Hian	ART	0.845	1.03	Buy	DDM
10/01/26	UOB Kay Hian	ART	0.83	1.03	Buy	DDM
10/06/26	UOB Kay Hian	ART	0.83	0.99	Buy	DDM

ARA Hospitality (Acrophyte) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/29/26	Lim & Tan	ARA Hospitality (Acrophyte)	0.2	0	Accumulate

Stock calls for 15 October 2026

Date	Analyst	Company	Last	Target	Call	Valuation
10/15/26	DBS Vickers	AIMS AMP Cap Ind Reit	1.39	1.55	Buy	PB1.2x FY27
10/15/26	Lim & Tan	AIMS AMP Cap Ind Reit	1.39	1.63	Accumulate
10/15/26	UOB Kay Hian	DBS	74.34	83.6	Buy	GGM, PB3.23x FY27
10/15/26	Kim Eng	DBS	74.34	85.86	Buy
10/15/26	Jefferies	DBS	74.34	91	Buy
10/15/26	Kim Eng	OCBC	29	37.23	Buy
10/15/26	Jefferies	OCBC	29	35	Hold
10/15/26	Lim & Tan	Parkway Life	4	4.75	Accumulate
10/15/26	Kim Eng	UOB	41.06	47.59	Hold
10/15/26	CIMB	UOB	41.06	43.5	Hold
10/15/26	Jefferies	UOB	41.06	48	Buy
10/15/26	DBS Vickers	Yangzijiang Shipping	5.15	6.6	Buy	PB3x FY27, PER11.5x FY27