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)

Stock calls for 22 September 2026

Date	Analyst	Company	Last	Target	Call	Valuation
09/22/26	uSMART	Azeus	9.81	9.45	Hold
09/22/26	OCBC	Bumitama	2.43	2.4	Hold	PER
09/22/26	UOB Kay Hian	City Developments	8.09	11.85	Buy
09/22/26	Jefferies	DBS	77.36	91	Buy
09/22/26	DBS Vickers	Hongkong Land	8.66	9.89	Buy	RNAV (25% disc)
09/22/26	DBS Vickers	Mapletree Logistics	1.1	1.35	Buy	PB1.08x
09/22/26	Lim & Tan	Mapletree Logistics	1.1	1.35	Accumulate on weakness
09/22/26	Jefferies	OCBC	31.67	35	Hold
09/22/26	Lim & Tan	Seatrium	2.05	2.5	Accumulate
09/22/26	JPM	Seatrium	2.05	1.6	Underweight
09/22/26	Jefferies	UOB	42.1	48	Buy