Frencken - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/25	UOB Kay Hian	Frencken	1.04	1.16	Buy	PER12.5x FY25
03/06/25	CIMB	Frencken	1.08	1.4	Add
03/13/25	Kim Eng	Frencken	1.07	1.34	Buy	PER12x FY25/26
04/11/25	DBS Vickers	Frencken	0.955	1.48	Buy	PER15x FY25
04/22/25	UOB Kay Hian	Frencken	0.965	1.16	Buy	PER12.5x FY25
04/24/25	CIMB	Frencken	1.05	1.15	Add
05/21/25	DBS Vickers	Frencken	1.14	1.48	Buy	PER15x FY25
05/22/25	UOB Kay Hian	Frencken	1.13	1.4	Buy	PER15x FY25
05/22/25	CIMB	Frencken	1.13	1.27	Add
06/03/25	UOB Kay Hian	Frencken	1.14	1.4	Buy	PER15x FY25
06/11/25	Kim Eng	Frencken	1.15	1.34	Buy	PER12x FY25/26
06/11/25	DMG & Partners	Frencken	1.15	1.48	Buy
07/11/25	Phillip	Frencken	1.29	1.76	Buy	PER18x FY25
07/21/25	Kim Eng	Frencken	1.45	1.75	Buy
07/25/25	DBS Vickers	Frencken	1.62	2.03	Buy	PER20x FY25/26
07/28/25	CIMB	Frencken	1.67	1.91	Add	PER18.4x
08/05/25	UOB Kay Hian	Frencken	1.67	2.08	Buy	PER21x FY26
08/15/25	DBS Vickers	Frencken	1.54	2.03	Buy	PER20x FY25/26
08/20/25	Phillip	Frencken	1.45	1.76	Buy	PER18x FY25
08/26/25	DMG & Partners	Frencken	1.43	1.68	Buy	PER17x FY25
10/17/25	DBS Vickers	Frencken	1.42	2.03	Buy	PER20x FY25/26
11/17/25	DBS Vickers	Frencken	1.54	2.03	Buy	PER20x FY25/26
11/18/25	UOB Kay Hian	Frencken	1.52	1.8	Buy	PER18.8x FY26
11/18/25	DBS Vickers	Frencken	1.52	1.92	Buy	PER20x FY26
11/18/25	CIMB	Frencken	1.52	1.72	Add	PER
11/18/25	Lim & Tan	Frencken	1.52	1.83	Accumulate on weakness
11/19/25	Phillip	Frencken	1.47	1.87	Buy	PER18x FY26
01/09/26	DBS Vickers	Frencken	1.44	1.92	Buy	PER20x FY26
02/06/26	DMG & Partners	Frencken	1.66	2.03	Buy
02/09/26	Macquarie	Frencken	1.59	1.76	outperform
02/10/26	DBS Vickers	Frencken	1.78	1.92	Buy	PER20x FY26
03/02/26	DBS Vickers	Frencken	2.16	1.92	Buy	PER20x FY26
03/02/26	Kim Eng	Frencken	2.16	2.63	Buy	PER
03/03/26	UOB Kay Hian	Frencken	2.09	2.33	Buy	PER22x FY26
03/03/26	DBS Vickers	Frencken	2.09	2.5	Buy	PER26x FY26
03/05/26	CIMB	Frencken	2.01	0	Hold
03/09/26	Phillip	Frencken	2.01	2.5	Buy	PER24x FY26
03/19/26	DMG & Partners	Frencken	2.06	2.56	Buy

Frasers Property - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/13/25	CIMB	Frasers Property	0.815	1.41	Add	RNAV (45% discount)
11/17/25	DBS Vickers	Frasers Property	1.05	1.26	Buy	RNAV (55% disc)
12/09/25	CIMB	Frasers Property	1.12	1.41	Add	RNAV (45% discount)
12/24/25	Lim & Tan	Frasers Property	1.12	1.45	Accumulate
02/27/26	DBS Vickers	Frasers Property	1.06	1.5	Buy	RNAV (45% disc)
04/08/26	DBS Vickers	Frasers Property	0.98	1.5	Buy	RNAV (45% disc)

Frasers Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/25	UOB Kay Hian	Frasers Logistics	0.85	1.26	Buy	DDM
03/06/25	OCBC	Frasers Logistics	0.85	1.14	Buy
04/01/25	UOB Kay Hian	Frasers Logistics	0.915	1.26	Buy	DDM
04/16/25	DBS Vickers	Frasers Logistics	0.87	1.1	Buy	DCF
05/07/25	DBS Vickers	Frasers Logistics	0.905	1.1	Buy	DCF
05/08/25	DBS Vickers	Frasers Logistics	0.865	1.05	Buy	DCF
05/08/25	CIMB	Frasers Logistics	0.865	1.11	Add	DDM
05/08/25	Lim & Tan	Frasers Logistics	0.865	1.06	Accumulate
05/08/25	OCBC	Frasers Logistics	0.865	1.07	Buy
05/13/25	JPM	Frasers Logistics	0.835	0.8	Underweight
05/16/25	UOB Kay Hian	Frasers Logistics	0.825	1.1	Buy	DDM
06/27/25	UOB Kay Hian	Frasers Logistics	0.835	1.23	Buy	DDM
07/17/25	DBS Vickers	Frasers Logistics	0.855	1.05	Buy	DCF
07/17/25	Lim & Tan	Frasers Logistics	0.855	1	Accumulate
08/01/25	UOB Kay Hian	Frasers Logistics	0.88	1.23	Buy	DDM
08/01/25	DBS Vickers	Frasers Logistics	0.88	1.05	Buy	DCF
08/05/25	UOB Kay Hian	Frasers Logistics	0.87	1.15	Buy	DDM
09/01/25	UOB Kay Hian	Frasers Logistics	0.91	1.15	Buy	DDM
11/10/25	DBS Vickers	Frasers Logistics	0.95	1.05	Buy	DCF
11/10/25	CIMB	Frasers Logistics	0.95	1.1	Add	DDM
11/25/25	UOB Kay Hian	Frasers Logistics	0.95	1.22	Buy	DDM
01/02/26	UOB Kay Hian	Frasers Logistics	0.995	1.22	Buy	DDM
02/03/26	UOB Kay Hian	Frasers Logistics	1.01	1.22	Buy	DDM
02/04/26	DBS Vickers	Frasers Logistics	1.01	1.05	Buy	DCF
03/02/26	UOB Kay Hian	Frasers Logistics	0.99	1.22	Buy	DDM
04/01/26	UOB Kay Hian	Frasers Logistics	0.895	1.22	Buy	DDM

Stock calls for 27 April 2026

Date	Analyst	Company	Last	Target	Call	Valuation
04/27/26	Kim Eng	Addvalue	0.118	0.31	Buy	P/S
04/27/26	CIMB	AEM	6.06	10.15	Add	PER
04/27/26	OCBC	ART	0.905	0.95	Buy
04/27/26	Lim & Tan	Centurion	1.65	1.9	Accumulate
04/27/26	Kim Eng	Coliwoo	0.475	0.74	Buy	PER
04/27/26	phillip	Elite ComReit	0.345	0.41	Buy	DDM
04/27/26	UOB Kay Hian	Frasers Centrepoint Trust	2.32	3.06	Buy	DDM
04/27/26	Phillip	Frasers Centrepoint Trust	2.32	2.7	Buy	DDM
04/27/26	Lim & Tan	Frasers Centrepoint Trust	2.32	2.6	Accumulate on weakness
04/27/26	UOB Kay Hian	Ifast Corp	9	11.77	Buy	PER32x FY26
04/27/26	Phillip	Keppel Corp	11.55	13.8	Buy	Sum of parts
04/27/26	JPM	Keppel Corp	11.55	12	Neutral
04/27/26	Kim Eng	Sanli Env	0.196	0.31	Buy	PER
04/27/26	UOB Kay Hian	Suntec Reit	1.5	1.71	Buy	DDM
04/27/26	Phillip	Suntec Reit	1.5	1.63	Accumulate	DDM
04/27/26	Morgan Stanley	Suntec Reit	1.5	1.1	Underweight
04/27/26	JPM	Suntec Reit	1.5	1.6	Buy
04/27/26	phillip	Zixin	0.033	0.055	Buy	DCF

Singapore had slapped itself by backtracking on its principle.

Singapore FM Vivian kept talking about SG principle when he was expressing his warped interpretations of UNCLOS.

However, Singapore had just slapped itself by backtracking on its principle.  Singapore sanctioned Russia for the Ukraine invasion but it bought more Russian's oil after the Iran war had started.

What principle is this?

Nobody is going to respect SG anymore if this is how SG conducts itself on the world stage.

The Iran war has affected the US consumer sentiment.

What does this mean?

This means that the US consumers will cut back on their spending and the US GDP growth will be affected.

Frasers Hospitality Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/06/25	DBS Vickers	Frasers Hospitality Trust	0.65	0.7	Buy	Previous offer price $0.70
05/06/25	Lim & Tan	Frasers Hospitality Trust	0.65	0.66	Accumulate