Date |
Analyst |
Company |
Last |
Target |
Call |
Valuation |
12/02/25 |
Amfrasers |
Fortress Minerals |
0.235 |
0.27 |
outperform |
Cut from $0.40, Sum of parts |
05/13/26 |
Amfrasers |
Fortress Minerals |
0.26 |
0.26 |
Neutral |
Sum of parts |
10/19/26 |
Amfrasers |
Fortress Minerals |
0.21 |
0.2 |
Neutral |
DCF |
Date |
Analyst |
Company |
Last |
Target |
Call |
Valuation |
08/15/25 |
UOB Kay Hian |
Food Empire |
2.3 |
2.73 |
Buy |
PER17x FY26 |
08/15/25 |
CIMB |
Food Empire |
2.3 |
2.94 |
Add |
|
08/28/25 |
DBS Vickers |
Food Empire |
2.37 |
2.68 |
Unrated |
Sum of parts |
09/10/25 |
DMG & Partners |
Food Empire |
2.38 |
2.72 |
Buy |
|
09/16/25 |
Kim Eng |
Food Empire |
2.62 |
2.92 |
Buy |
|
09/17/25 |
UOB Kay Hian |
Food Empire |
2.59 |
3 |
Buy |
PER18.7x FY26 |
09/19/25 |
CIMB |
Food Empire |
2.66 |
3.09 |
Add |
|
09/25/25 |
Lim & Tan |
Food Empire |
2.65 |
2.99 |
Buy |
|
09/25/25 |
DMG & Partners |
Food Empire |
2.65 |
2.95 |
Buy |
|
10/14/25 |
UOB Kay Hian |
Food Empire |
2.3 |
3 |
Buy |
PER18.7x FY26 |
11/06/25 |
Amfrasers |
Food Empire |
2.29 |
2.69 |
outperform |
DCF |
11/06/25 |
uSMART |
Food Empire |
2.29 |
2.97 |
Buy |
|
11/13/25 |
UOB Kay Hian |
Food Empire |
2.35 |
3 |
Buy |
PER19x FY26 |
11/13/25 |
Lim & Tan |
Food Empire |
2.35 |
2.99 |
Buy |
|
11/17/25 |
CIMB |
Food Empire |
2.56 |
3.18 |
Add |
|
01/05/26 |
UOB Kay Hian |
Food Empire |
2.45 |
3 |
Buy |
PER19x FY26 |
02/02/26 |
UOB Kay Hian |
Food Empire |
2.7 |
3 |
Buy |
PER19x FY26 |
02/03/26 |
DBS Vickers |
Food Empire |
2.7 |
3.4 |
Buy |
Sum of parts |
02/20/26 |
CIMB |
Food Empire |
3.02 |
4 |
Add |
|
02/26/26 |
UOB Kay Hian |
Food Empire |
3.27 |
4.21 |
Buy |
PER25x FY26 |
03/02/26 |
DBS Vickers |
Food Empire |
3.25 |
3.65 |
Buy |
Sum of parts |
03/09/26 |
Amfrasers |
Food Empire |
3.08 |
3.7 |
outperform |
DCF |
03/10/26 |
UOB Kay Hian |
Food Empire |
2.93 |
4.21 |
Buy |
PER25x FY26 |
05/04/26 |
UOB Kay Hian |
Food Empire |
3.26 |
4.21 |
Buy |
PER25x FY26 |
05/12/26 |
DBS Vickers |
Food Empire |
2.88 |
3.65 |
Buy |
Sum of parts |
06/03/26 |
UOB Kay Hian |
Food Empire |
3.02 |
4.21 |
Buy |
PER25x FY26 |
06/03/26 |
DMG & Partners |
Food Empire |
3.02 |
3.87 |
Buy |
Ex-bonus target $3.36 |
06/04/26 |
DBS Vickers |
Food Empire |
2.51 |
3.05 |
Buy |
Sum of parts, Ex-bonus (1 for 5) |
06/19/26 |
UOB Kay Hian |
Food Empire |
2.5 |
3.49 |
Buy |
PER25x FY26, Ex-Bonus (1 for 5) |
07/06/26 |
CLSA |
Food Empire |
2.53 |
3.6 |
outperform |
|
07/13/26 |
CIMB |
Food Empire |
2.53 |
3.33 |
Add |
PER |
07/23/26 |
UOB Kay Hian |
Food Empire |
2.4 |
3.49 |
Buy |
PER25x FY26, Ex-Bonus (1 for 5) |
07/23/26 |
DMG & Partners |
Food Empire |
2.4 |
3.36 |
Buy |
|
08/04/26 |
UOB Kay Hian |
Food Empire |
2.46 |
3.49 |
Buy |
PER25x FY26, Ex-Bonus (1 for 5) |
08/13/26 |
DBS Vickers |
Food Empire |
2.51 |
3.05 |
Buy |
Sum of parts, Ex-bonus (1 for 5) |
08/13/26 |
Lim & Tan |
Food Empire |
2.51 |
3.31 |
Buy |
|
08/19/26 |
Amfrasers |
Food Empire |
2.36 |
3.186 |
outperform |
DCF |
08/24/26 |
DMG & Partners |
Food Empire |
2.23 |
3.08 |
Buy |
|
09/03/26 |
UOB Kay Hian |
Food Empire |
2.21 |
3.49 |
Buy |
PER25x FY26, Ex-Bonus (1 for 5) |
09/21/26 |
CIMB |
Food Empire |
2.11 |
3.33 |
Add |
PER |
10/02/26 |
UOB Kay Hian |
Food Empire |
1.9 |
3.49 |
Buy |
PER25x FY26, Ex-Bonus (1 for 5) |
11/03/26 |
UOB Kay Hian |
Food Empire |
2.04 |
3.49 |
Buy |
PER25x FY26, Ex-Bonus (1 for 5) |
Date |
Analyst |
Company |
Last |
Target |
Call |
Valuation |
06/02/26 |
DBS Vickers |
First Sponsor |
1.02 |
1.3 |
Unrated |
|
Date |
Analyst |
Company |
Last |
Target |
Call |
Valuation |
11/05/26 |
UOB Kay Hian |
Beng Kuang Marine |
0.38 |
0.7 |
Buy |
PER13.1x FY27 |
11/05/26 |
Phillip |
Capitaland Investment |
2.38 |
3.69 |
Buy |
Sum of parts |
11/05/26 |
Uob Kay Hian |
Capitaland Investment |
2.38 |
3.8 |
Buy |
Sum of parts (30% Disc) |
11/05/26 |
Lim & Tan |
Capitaland Investment |
2.38 |
3.4 |
Accumulate |
|
11/05/26 |
DBS Vickers |
Centurion Accommodation |
1.07 |
1.25 |
Buy |
DCF, PB1.49x |
11/05/26 |
Lim & Tan |
DBS |
70.78 |
80 |
Accumulate on weakness |
PER17x FY27 |
11/05/26 |
UOB Kay Hian |
SIA Engineering |
2.92 |
3.6 |
Buy |
PER21.3x FY28 |
11/05/26 |
phillip |
UOB |
38.44 |
38 |
Neutral |
GGM, PB1.29x FY26 |
11/05/26 |
DBS Vickers |
UOB |
38.44 |
40.9 |
Hold |
GGM, PB1.2x FY27 |
11/05/26 |
DBS Vickers |
Wilmar |
2.96 |
2.9 |
Hold |
PER11.1x FY27 |
Date |
Analyst |
Company |
Last |
Target |
Call |
Valuation |
08/12/25 |
DBS Vickers |
First Resources |
1.57 |
2 |
Buy |
DCF |
08/15/25 |
Kim Eng |
First Resources |
1.68 |
1.9 |
Buy |
|
08/25/25 |
UOB Kay Hian |
First Resources |
1.76 |
1.85 |
Buy |
|
08/26/25 |
DMG & Partners |
First Resources |
1.79 |
2.1 |
Buy |
PER10x FY26 |
10/15/25 |
UOB Kay Hian |
First Resources |
1.7 |
1.97 |
Buy |
PER8.5x FY26 |
10/15/25 |
DBS Vickers |
First Resources |
1.7 |
2.1 |
Buy |
DCF |
11/17/25 |
UOB Kay Hian |
First Resources |
2.05 |
2.3 |
Buy |
PER10x FY26 |
01/05/26 |
UOB Kay Hian |
First Resources |
2.08 |
2.3 |
Buy |
PER10x FY26 |
01/16/26 |
UOB Kay Hian |
First Resources |
1.97 |
2.5 |
Buy |
PER10x FY26 |
03/02/26 |
UOB Kay Hian |
First Resources |
2.37 |
2.53 |
Buy |
PER10x FY26 |
03/02/26 |
Kim Eng |
First Resources |
2.37 |
2.63 |
Buy |
PER |
03/02/26 |
DMG & Partners |
First Resources |
2.37 |
2.8 |
Buy |
|
03/25/26 |
DBS Vickers |
First Resources |
2.72 |
3 |
Buy |
PER10x FY26 |
03/25/26 |
DMG & Partners |
First Resources |
2.72 |
3.45 |
Buy |
|
03/25/26 |
Aletheia Capital |
First Resources |
2.72 |
3.5 |
Buy |
|
05/06/26 |
DBS Vickers |
First Resources |
3.75 |
5 |
Buy |
PER14x FY26 |
05/18/26 |
CIMB |
First Resources |
3.9 |
4.39 |
Add |
PER |
05/18/26 |
DMG & Partners |
First Resources |
3.9 |
3.7 |
Neutral |
|
06/15/26 |
UOB Kay Hian |
First Resources |
2.83 |
3.65 |
Buy |
PER12x FY26 |
06/22/26 |
DMG & Partners |
First Resources |
3.17 |
3.7 |
Buy |
|
07/13/26 |
DBS Vickers |
First Resources |
3.21 |
5 |
Buy |
PER14x FY26 |
07/15/26 |
DMG & Partners |
First Resources |
3.38 |
3.7 |
Buy |
|
08/17/26 |
UOB Kay Hian |
First Resources |
3.95 |
4.57 |
Buy |
PER14x FY27 |
09/07/26 |
Aletheia Capital |
First Resources |
4.55 |
5.2 |
Buy |
STI inclusion |
09/24/26 |
DBS Vickers |
First Resources |
4.44 |
6.3 |
Buy |
PER14x FY27 |
09/30/26 |
UOB Kay Hian |
First Resources |
4.47 |
5.09 |
Buy |
|
10/13/26 |
DBS Vickers |
First Resources |
4.4 |
6.3 |
Buy |
PER14x FY27 |
11/03/26 |
DBS Vickers |
First Resources |
3.08 |
6.3 |
Buy |
PER14x FY27 |
Date |
Analyst |
Company |
Last |
Target |
Call |
Valuation |
08/01/25 |
phillip |
First Reit |
0.275 |
0.31 |
Buy |
DDM |
09/22/25 |
phillip |
First Reit |
0.285 |
0.31 |
Buy |
DDM |
10/22/25 |
Lim & Tan |
First Reit |
0.28 |
0.31 |
Hold |
|
10/23/25 |
phillip |
First Reit |
0.28 |
0.31 |
Buy |
DDM |
11/05/25 |
phillip |
First Reit |
0.28 |
0.31 |
Buy |
DDM |
11/05/25 |
OCBC |
First Reit |
0.28 |
0.265 |
Hold |
|
02/06/26 |
Lim & Tan |
First Reit |
0.275 |
0.31 |
Accumulate on weakness |
|
02/09/26 |
phillip |
First Reit |
0.27 |
0.29 |
Accumulate |
DDM |
04/02/26 |
Lim & Tan |
First Reit |
0.245 |
0.27 |
Accumulate on weakness |
|
04/02/26 |
OCBC |
First Reit |
0.245 |
0.245 |
Hold |
|
04/06/26 |
phillip |
First Reit |
0.245 |
0.25 |
Accumulate |
PB1x FY26 |
06/04/26 |
Lim & Tan |
First Reit |
0.235 |
0.245 |
Vote Yes |
|
06/26/26 |
Lim & Tan |
First Reit |
0.225 |
0.24 |
Accumulate on weakness |
|
08/03/26 |
phillip |
First Reit |
0.23 |
0.23 |
Accumulate |
PB1x FY26 |
10/29/26 |
OCBC |
First Reit |
0.18 |
0.175 |
Hold |
DDM |
10/30/26 |
phillip |
First Reit |
0.184 |
0.17 |
Accumulate |
PB0.8x FY26 |
