ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/06/25	DMG & Partners	ST Engineering	8.88	8.7	Buy
08/15/25	UOB Kay Hian	ST Engineering	8.4	8.56	Hold	PER25.6x FY27
08/15/25	CIMB	ST Engineering	8.4	8.7	Hold	PER
08/18/25	Phillip	ST Engineering	8.46	8.2	Neutral	DCF
08/19/25	DMG & Partners	ST Engineering	8.14	9.1	Buy
08/19/25	Kim Eng	ST Engineering	8.14	8.4	Hold	PER31x FY25
09/01/25	OCBC	ST Engineering	7.68	8.9	Buy
09/05/25	Lim & Tan	ST Engineering	7.95	8.73	Accumulate
09/23/25	DMG & Partners	ST Engineering	8.53	9.1	Buy
10/08/25	OCBC	ST Engineering	9.01	9.03	Hold
10/22/25	DMG & Partners	ST Engineering	8.25	9.1	Buy
11/13/25	Phillip	ST Engineering	8.29	8.2	Neutral	DCF
11/13/25	UOB Kay Hian	ST Engineering	8.29	9.05	Buy	PER26.1x FY27
11/13/25	DBS Vickers	ST Engineering	8.29	9.4	Buy
11/13/25	CIMB	ST Engineering	8.29	9.5	Add	PER
11/26/25	DMG & Partners	ST Engineering	8.3	9.4	Buy
11/26/25	OCBC	ST Engineering	8.3	9.8	Buy
12/22/25	DMG & Partners	ST Engineering	8.18	9.4	Buy
01/13/26	DBS Vickers	ST Engineering	9.21	10.2	Buy	DCF
01/21/26	OCBC	ST Engineering	9.53	10.9	Buy	PER
01/27/26	CIMB	ST Engineering	9.4	10.2	Add	PER
02/13/26	DMG & Partners	ST Engineering	10.19	10.7	Buy
02/27/26	DBS Vickers	ST Engineering	10.02	10.2	Buy	DCF & PER29x
03/02/26	UOB Kay Hian	ST Engineering	9.97	10.86	Buy	PER29.1x FY27
03/02/26	Phillip	ST Engineering	9.97	13	Buy	DCF
03/02/26	DBS Vickers	ST Engineering	9.97	11	Buy	PER30x FY26 & DCF
03/02/26	DMG & Partners	ST Engineering	9.97	11.7	Buy
03/20/26	UBS	ST Engineering	11.14	12.6	Buy
03/25/26	DMG & Partners	ST Engineering	11.22	12.3	Buy
04/02/26	DBS Vickers	ST Engineering	11.1	12.4	Buy	PER33x FY26/27
04/02/26	CIMB	ST Engineering	11.1	11.05	Hold	PER
04/23/26	DMG & Partners	ST Engineering	11.25	12.3	Buy
05/18/26	DBS Vickers	ST Engineering	10.37	12.4	Buy	PER33x FY26/27
05/19/26	Phillip	ST Engineering	10.79	13	Buy	DCF
05/19/26	UOB Kay Hian	ST Engineering	10.79	11.75	Buy
07/01/26	DBS Vickers	ST Engineering	10.39	12.4	Buy	PER33x FY26/27
07/15/26	DMG & Partners	ST Engineering	10.64	12.3	Buy
08/13/26	DBS Vickers	ST Engineering	10.28	12.4	Buy	PER33x FY26/27
08/14/26	UOB Kay Hian	ST Engineering	10.36	11.75	Buy	PER27x FY28
08/17/26	Phillip	ST Engineering	10.96	13	Buy	DCF
08/17/26	DBS Vickers	ST Engineering	10.96	12.4	Buy	PER28x FY27 & DCF
09/18/26	Goldman Sachs	ST Engineering	10.19	13.2	Buy

Spindex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/29/25	Lim & Tan	Spinidex	1.34	1.43	Wait	Offer @ $1.43

Soon Hock - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/27/25	UOB Kay Hian	Soon Hock	0.59	0.68	Buy	PB1x FY26
01/14/26	Kim Eng	Soon Hock	0.63	0.75	Buy
01/14/26	UOB Kay Hian	Soon Hock	0.63	0.65	Buy	PB0.9x FY26
01/20/26	UOB Kay Hian	Soon Hock	0.635	0.71	Buy	PB1.2x FY26
02/11/26	UOB Kay Hian	Soon Hock	0.645	0.71	Buy	PB1.2x FY26
02/25/26	Kim Eng	Soon Hock	0.665	0.75	Buy
03/05/26	Kim Eng	Soon Hock	0.62	0.78	Buy	RNAV
03/12/26	UOB Kay Hian	Soon Hock	0.61	0.71	Buy	PB1.2x FY26
04/22/26	uSMART	Soon Hock	0.635	0.72	Buy
08/07/26	UOB Kay Hian	Soon Hock	0.58	0.71	Buy	PB1.2x FY26
08/12/26	Kim Eng	Soon Hock	0.59	0.81	Buy	RNAV
08/12/26	Lim & Tan	Soon Hock	0.59	0.81	Accumulate
09/07/26	UOB Kay Hian	Soon Hock	0.59	0.66	Buy	PB1.1x FY26

Stock calls for 23 September 2026

Date	Analyst	Company	Last	Target	Call	Valuation
09/23/26	OCBC	Aspial	0.35	0.46	Buy	DDM
09/23/26	UOB Kay Hian	LHN	0.535	0.59	Buy	PER8.6x FY27
09/23/26	OCBC	MoneyMax	0.78	1.37	Buy	PER
09/23/26	Lim & Tan	OUE Commercial	0.35	0.44	Accumulate
09/23/26	Lim & Tan	UOL	8.56	12.09	Accumulate
09/23/26	OCBC	ValueMax	0.99	1.21	Buy	PER

Soilbuild Construction - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/15/25	Phillip	Soilbuild Construction	1.86	2.68	Buy	PER5.9x FY26
09/29/25	Phillip	Soilbuild Construction	2.73	3.41	Buy	PER7.5x FY26
10/07/25	CIMB	Soilbuild Construction	3.19	4.21	Add	PER
10/15/25	DBS Vickers	Soilbuild Construction	3.33	4.7	Unrated	PER12x FY26
10/31/25	Phillip	Soilbuild Construction	3.49	3.41	Neutral	PER13x FY26
01/16/26	CIMB	Soilbuild Construction	0.88	1.2	Add	Stock split 1 for 4
02/12/26	Phillip	Soilbuild Construction	1	1.4	Buy	PER
03/02/26	CIMB	Soilbuild Construction	1.02	1.2	Add	PER
03/04/26	Phillip	Soilbuild Construction	0.96	1.4	Buy	PER10.5x FY26
03/12/26	DBS Vickers	Soilbuild Construction	0.985	1.25	Unrated	PER10.1x FY27
06/19/26	CIMB	Soilbuild Construction	0.79	1.1	Add	Sum of parts
07/07/26	DBS Vickers	Soilbuild Construction	0.655	1.25	Unrated	PER10.1x FY27
07/07/26	Phillip	Soilbuild Construction	0.655	1.2	Buy	PER9x FY27
08/14/26	CIMB	Soilbuild Construction	0.59	1.1	Add	Sum of parts
08/18/26	CIMB	Soilbuild Construction	0.65	1	Add	Sum of parts
08/21/26	Phillip	Soilbuild Construction	0.645	1.2	Buy	PER8.5x FY27

Skylink - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/18/25	DMG & Partners	Skylink	0.295	0.44	Buy
02/26/26	Amfrasers	Skylink	0.295	0.44	Outperform	DCF
04/08/26	Lim & Tan	Skylink	0.24	0.47	Accumulate
04/08/26	Amfrasers	Skylink	0.24	0.58	Outperform	DCF
05/26/26	Lim & Tan	Skylink	0.265	0.36	Buy
06/30/26	Amfrasers	Skylink	0.22	0.58	Outperform	DCF
07/09/26	Lim & Tan	Skylink	0.215	0.58	Watchlist

Singtel - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/06/25	DMG & Partners	Singtel	4	4.7	Buy
08/07/25	Kim Eng	Singtel	4.01	4.3	Buy
08/14/25	UOB Kay Hian	Singtel	4.06	4.56	Buy	Sum of parts
08/14/25	Phillip	Singtel	4.06	4.4	Accumulate	Ev/Ebitda7x
08/14/25	DBS Vickers	Singtel	4.06	4.58	Buy	Sum of parts (15% disc)
08/15/25	Lim & Tan	Singtel	4.07	4.4	Accumulate
08/15/25	DMG & Partners	Singtel	4.07	4.7	Buy
08/22/25	DBS Vickers	Singtel	4.11	5.04	Buy	Sum of parts (10% disc)
09/01/25	Phillip	Singtel	4.31	4.86	Accumulate	Ev/Ebitda8x
09/02/25	CIMB	Singtel	4.33	4.8	Add
09/02/25	HSBC	Singtel	4.33	4.75	Buy
09/08/25	DMG & Partners	Singtel	4.39	4.9	Buy
09/10/25	Kim Eng	Singtel	4.31	4.75	Buy
09/19/25	OCBC	Singtel	4.35	5.1	Buy
09/30/25	Kim Eng	Singtel	4.12	4.62	Buy	Sum of parts
09/30/25	Citi Research	Singtel	4.12	4.92	Buy
10/30/25	DMG & Partners	Singtel	4.31	4.9	Buy
11/07/25	DBS Vickers	Singtel	4.5	5.04	Buy	Sum of parts (10% disc)
11/07/25	Kim Eng	Singtel	4.5	4.62	Buy	Sum of parts
11/10/25	Lim & Tan	Singtel	4.63	4.73	Accumulate on weakness
11/12/25	Lim & Tan	Singtel	4.62	5	Accumulate on weakness
11/13/25	UOB Kay Hian	Singtel	4.72	5.2	Buy	Sum of parts
11/13/25	CIMB	Singtel	4.72	5.2	Add	PER
11/17/25	Phillip	Singtel	4.86	5.35	Accumulate
12/09/25	Citi Research	Singtel	4.56	5.08	Buy	Sum of parts
12/12/25	DBS Vickers	Singtel	4.56	5.71	Buy	Sum of parts
12/19/25	Lim & Tan	Singtel	4.53	5.18	Accumulate on weakness
12/22/25	DMG & Partners	Singtel	4.54	5.2	Buy
01/14/26	DBS Vickers	Singtel	4.5	5.71	Buy	Sum of parts (10% disc)
01/14/26	JPM	Singtel	4.5	5.2	Overweight
02/02/26	DMG & Partners	Singtel	4.59	5.2	Buy
02/04/26	DBS Vickers	Singtel	4.86	5.71	Buy	Sum of parts (10% disc)
02/05/26	UOB Kay Hian	Singtel	4.91	5.2	Buy	Sum of parts
02/05/26	Phillip	Singtel	4.91	5.35	Accumulate
02/05/26	CIMB	Singtel	4.91	5.34	Add	RNAV
02/13/26	UOB Kay Hian	Singtel	5	5.5	Buy	Sum of parts
02/13/26	DMG & Partners	Singtel	5	5.5	Buy
02/13/26	HSBC	Singtel	5	5.2	Buy	Up from $5.15
02/16/26	Phillip	Singtel	4.91	5.35	Accumulate
03/09/26	JPM	Singtel	5	5.8	Overweight
03/10/26	UOB Kay Hian	Singtel	4.95	5.5	Buy	Sum of parts
03/19/26	DBS Vickers	Singtel	5.13	5.71	Buy	Sum of parts (10% disc)
03/23/26	DBS Vickers	Singtel	5.21	5.36	Hold	Sum of parts (10% disc)
04/13/26	Kim Eng	Singtel	4.88	5.25	Buy	Sum of parts
04/23/26	DMG & Partners	Singtel	4.78	5.5	Buy
05/21/26	DBS Vickers	Singtel	5.02	5.36	Hold	Sum of parts (10% disc)
05/21/26	Lim & Tan	Singtel	5.02	5.5	Buy
05/22/26	UOB Kay Hian	Singtel	4.7	5.5	Buy	Sum of parts
05/25/26	Phillip	Singtel	4.59	5.2	Accumulate	Sum of parts
05/26/26	DBS Vickers	Singtel	4.54	5.46	Buy	Sum of parts (10% disc)
06/23/26	DBS Vickers	Singtel	4.36	5.46	Buy	Sum of parts (10% disc)
06/24/26	Lim & Tan	Singtel	4.35	5.4	Accumulate
07/10/26	Kim Eng	Singtel	4.39	5	Buy
07/15/26	DMG & Partners	Singtel	4.44	5.4	Buy
07/17/26	UOB Kay Hian	Singtel	4.39	5.5	Buy	Sum of parts
07/27/26	DBS Vickers	Singtel	4.39	5.46	Buy	Sum of parts (10% disc)
08/06/26	DBS Vickers	Singtel	4.35	5.46	Buy	Sum of parts (10% disc)
08/14/26	UOB Kay Hian	Singtel	4.27	5.5	Buy	Sum of parts
08/14/26	CIMB	Singtel	4.27	5.16	Add	RNAV
08/14/26	DMG & Partners	Singtel	4.27	5.4	Buy
08/17/26	Phillip	Singtel	4.45	5.2	Buy	Sum of parts
08/31/26	Kim Eng	Singtel	4.52	5.21	Buy	Sum of parts
09/01/26	UOB Kay Hian	Singtel	4.54	5.5	Buy	Sum of parts
09/03/26	Lim & Tan	Singtel	4.46	5.36	Accumulate
09/10/26	DBS Vickers	Singtel	4.56	5.46	Buy	Sum of parts (10% disc)