Singapore NODX spiked in August 2026.

Year-on-year changes:

August 2026: 46.2%

July 2026: 24.2%

June 2026: 20.7%

May 2026: 38.4%

April 2026: 24.4%

March 2026: 15.3%

February 2026: 4%

January  2026: 9.3%

December 2025: 6.1%

November 2025: 11.5%

October 2025: 22.2%

September 2025: 6.9%

August 2025: -11.3%

July 2025: -4.6%

June 2025: 13%

May 2025: -3.5%

April 2025:12.4%

March 2025: 5.4%

February 2025: 7.6%

January 2025: -2.1%

December 2024: 9%

November 2024: 3.4%

October 2024: -4.6%

September 2024: 2.7%

August 2024: 10.7%

July 2024: 15.7%

June 2024: -8.7%

May 2024: -0.1%

April 2024: -9.6%

March 2024: -20.7%

February 2024: -0.1%

January 2024: +16.8%

SGX - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/08/25	DBS Vickers	SGX	16.34	18.2	Buy	PER28x FY27
08/08/25	Lim & Tan	SGX	16.34	15.21	Hold
08/11/25	UOB Kay Hian	SGX	16.02	16.66	Hold	PER24.9x FY27
08/11/25	phillip	SGX	16.02	16.9	Accumulate	PER26x FY26
08/20/25	DMG & Partners	SGX	16.25	15.9	Neutral
09/15/25	DMG & Partners	SGX	16.57	17.8	Neutral	PER25x FY26
09/16/25	Lim & Tan	SGX	17.05	16.06	Hold
10/14/25	Lim & Tan	SGX	17.43	0	Hold
10/14/25	Kim Eng	SGX	17.43	17.67	Buy
11/28/25	JPM	SGX	16.6	18.15	Overweight
12/12/25	UOB Kay Hian	SGX	16.7	17.3	Hold	PER25.5x FY27
12/12/25	Kim Eng	SGX	16.7	18.81	Buy
12/16/25	MorningStar	SGX	17	15	Overvalued
12/16/25	DMG & Partners	SGX	17	18.5	Neutral
01/12/26	BOA	SGX	17	14.7	Underperform
01/12/26	phillip	SGX	17	18.3	Accumulate	PER28x FY26
01/12/26	Lim & Tan	SGX	17.51	17.51	Hold
02/05/26	DBS Vickers	SGX	17.75	19.2	Buy	PER28x FY27
02/06/26	UOB Kay Hian	SGX	17.64	19.16	Hold
02/06/26	DBS Vickers	SGX	17.64	18.3	Accumulate	PER28x FY26
02/06/26	CIMB	SGX	17.64	19.1	Add	PER
02/16/26	DMG & Partners	SGX	18.03	19	Neutral
03/13/26	Lim & Tan	SGX	18.3	19	Hold
03/13/26	Kim Eng	SGX	18.3	20.37	Buy
04/02/26	BOA	SGX	19.96	20.5	Neutral
04/06/26	JPM	SGX	20	22	Overweight
04/10/26	DBS Vickers	SGX	20.31	22.5	Buy	PER30x FY26/27
04/23/26	DMG & Partners	SGX	21.7	20.3	Neutral
06/11/26	UOB Kay Hian	SGX	21.7	21.7	Hold	PER27.1x FY28
06/11/26	DMG & Partners	SGX	21.7	20.9	Neutral
06/11/26	Lim & Tan	SGX	21.7	21.7	Hold
06/19/26	Kim Eng	SGX	24.5	25.25	Buy
06/25/26	DBS Vickers	SGX	23.68	26.4	Buy	PER34x FY27
06/29/26	DMG & Partners	SGX	24.15	22.2	Neutral
07/03/26	Lim & Tan	SGX	24.11	22.34	Hold
07/14/26	Lim & Tan	SGX	24.42	23	Hold
07/21/26	DMG & Partners	SGX	23.63	22.5	Neutral
07/24/26	DBS Vickers	SGX	23.7	26.4	Buy	PER34x FY27
08/07/26	UOB Kay Hian	SGX	24.32	23.4	Hold	PER27.9x FY28
08/07/26	DBS Vickers	SGX	24.32	26.4	Buy	PER34x FY27
08/11/26	Macquarie	SGX	24.51	25.9	Neutral
08/11/26	OCBC	SGX	24.51	24.62	Hold
08/17/26	phillip	SGX	25.24	25	Neutral	PER33x FY27
09/11/26	Lim & Tan	SGX	24.68	25	Hold
09/14/26	Macquarie	SGX	23.3	20.3	Underperform

Sembcorp Industries - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/08/25	DBS Vickers	Sembcorp Industries	7.8	8	Buy	PER13x FY25
08/11/25	UOB Kay Hian	Sembcorp Industries	6.72	7.9	Buy	PER12.8x
08/11/25	phillip	Sembcorp Industries	6.72	7.9	Buy	EV/Ebitda9x FY25
10/24/25	UOB Kay Hian	Sembcorp Industries	6.45	7.91	Buy	PER12.8x
10/24/25	CIMB	Sembcorp Industries	6.45	8.02	Add	PER
10/24/25	JPM	Sembcorp Industries	6.45	7.5	Overweight
10/24/25	Kim Eng	Sembcorp Industries	6.45	6.4	Hold
10/24/25	Macquarie	Sembcorp Industries	6.45	6.64	Neutral
11/24/25	UBS	Sembcorp Industries	6.08	7.65	Buy
12/09/25	Lim & Tan	Sembcorp Industries	5.9	7.47	Accumulate
12/12/25	CIMB	Sembcorp Industries	5.82	7.77	Add	PER13x
12/12/25	JPM	Sembcorp Industries	5.82	5.9	Neutral
12/15/25	phillip	Sembcorp Industries	5.92	7.1	Buy	EV/Ebitda8.3x FY26
12/17/25	Kim Eng	Sembcorp Industries	5.92	5.65	Hold
12/19/25	Macquarie	Sembcorp Industries	5.88	7.04	Outperform	Up from $6.64
02/26/26	UOB Kay Hian	Sembcorp Industries	6.2	7.1	Buy	PER12.3x
02/26/26	CIMB	Sembcorp Industries	6.2	7.68	Add	PER
02/26/26	Lim & Tan	Sembcorp Industries	6.2	7	Accumulate
02/26/26	Macquarie	Sembcorp Industries	6.2	6.59	Outperform
02/27/26	JPM	Sembcorp Industries	6.07	5.8	Neutral
02/27/26	Macquarie	Sembcorp Industries	6.07	6.43	Neutral	Sum of parts
02/27/26	Kim Eng	Sembcorp Industries	6.07	5.6	Hold
03/02/26	phillip	Sembcorp Industries	6.12	7	Accumulate	EV/Ebitda10x FY26
03/02/26	Citi Research	Sembcorp Industries	6.12	7.02	Buy
03/06/26	DBS Vickers	Sembcorp Industries	5.68	7.3	Buy	PER13x FY26
03/18/26	CIMB	Sembcorp Industries	5.85	7.68	Add	PER
04/15/26	UOB Kay Hian	Sembcorp Industries	6.89	8.06	Buy	PER11.8x FY27
06/08/26	Kim Eng	Sembcorp Industries	6.13	6	Hold
06/12/26	CIMB	Sembcorp Industries	6.13	7.68	Add	PER
07/06/26	CIMB	Sembcorp Industries	5.98	7.15	Add	PER
07/06/26	Citi Research	Sembcorp Industries	5.98	6.92	Buy
07/14/26	DBS Vickers	Sembcorp Industries	5.63	7.3	Buy	PER13x FY26
08/14/26	CIMB	Sembcorp Industries	5.59	7.15	Add	PER
08/17/26	Citi Research	Sembcorp Industries	5.83	6.92	Buy	Sum of parts
08/17/26	OCBC	Sembcorp Industries	5.83	7.2	Buy
08/17/26	DBS Vickers	Sembcorp Industries	5.83	7.3	Buy	PER12x FY27
08/20/26	phillip	Sembcorp Industries	6.04	7.21	Buy	EV/Ebitda10x FY27
09/10/26	DBS Vickers	Sembcorp Industries	6.19	7.3	Buy	PER12x FY27

Seatrium - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	UOB Kay Hian	Seatrium	2.27	2.96	Buy	PB1.5x
08/01/25	DBS Vickers	Seatrium	2.27	2.96	Buy	PB1.5x FY25
08/01/25	CIMB	Seatrium	2.27	2.8	Add	PB
08/28/25	Lim & Tan	Seatrium	2.29	2.75	Accumulate on weakness
08/28/25	Citi Research	Seatrium	2.29	2.65	Buy
09/23/25	JPM	Seatrium	2.34	3.05	Overweight
09/24/25	DBS Vickers	Seatrium	2.37	2.96	Buy	PB1.5x FY25
09/24/25	CIMB	Seatrium	2.37	2.8	Add	PB
09/26/25	UOB Kay Hian	Seatrium	2.44	2.96	Buy	PB1.5x
10/10/25	DBS Vickers	Seatrium	2.44	2.96	Buy	PB1.5x FY25
10/10/25	CIMB	Seatrium	2.44	2.8	Add	PB
10/16/25	Lim & Tan	Seatrium	2.12	2.84	Accumulate on weakness
11/03/25	DBS Vickers	Seatrium	2.17	2.96	Buy	PB1.5x
11/14/25	UOB Kay Hian	Seatrium	2.18	2.96	Buy	PB1.5x
11/14/25	CIMB	Seatrium	2.18	2.67	Add	PB
11/14/25	MorningStar	Seatrium	2.18	2.92	4-Star
11/14/25	OCBC	Seatrium	2.18	2.76	Buy
11/26/25	Lim & Tan	Seatrium	2.06	2.8	Accumulate on weakness
11/27/25	CIMB	Seatrium	2.12	2.67	Add	PB
12/08/25	UOB Kay Hian	Seatrium	2.12	2.96	Buy	PB1.5x
12/12/25	CIMB	Seatrium	2.08	2.67	Add	PB
12/12/25	Lim & Tan	Seatrium	2.08	2.81	Accumulate on weakness
12/22/25	Citi Research	Seatrium	2.07	2.65	Buy	PB1.2x FY26
01/22/26	DBS Vickers	Seatrium	2.13	2.96	Buy	PB1.5x
01/22/26	Lim & Tan	Seatrium	2.13	2.73	Accumulate on weakness
01/23/26	CIMB	Seatrium	2.12	2.67	Add	PB
01/23/26	Citi Research	Seatrium	2.12	2.65	Buy	PB1.2x FY26
01/29/26	UOB Kay Hian	Seatrium	2.12	2.96	Buy	PB1.5x
02/10/26	UOB Kay Hian	Seatrium	2.09	2.96	Buy	PB1.5x
02/10/26	DBS Vickers	Seatrium	2.09	2.96	Buy	PB1.5x
02/10/26	Lim & Tan	Seatrium	2.09	2.66	Accumulate on weakness
02/26/26	Lim & Tan	Seatrium	2.21	2.65	Accumulate on weakness
02/26/26	Citi Research	Seatrium	2.21	2.6	Buy
02/27/26	UOB Kay Hian	Seatrium	2.28	3.15	Buy
02/27/26	CIMB	Seatrium	2.28	2.84	Add	PB
03/02/26	DBS Vickers	Seatrium	2.4	3	Buy	PB1.35x FY26
03/06/26	Citi Research	Seatrium	2.32	2.7	Buy	PB1.2x FY27
03/06/26	OCBC	Seatrium	2.32	2.79	Buy
03/09/26	Lim & Tan	Seatrium	2.33	2.7	Accumulate
03/23/26	Lim & Tan	Seatrium	2.37	2.7	Accumulate on weakness
03/27/26	Kim Eng	Seatrium	2.29	3.1	Buy	DCF
05/07/26	UOB Kay Hian	Seatrium	2.37	3.15	Buy
05/29/26	DBS Vickers	Seatrium	2.17	3	Buy	PB1.35x FY26
05/29/26	OCBC	Seatrium	2.17	2.79	Buy	PB
06/02/26	UOB Kay Hian	Seatrium	2.12	3.15	Buy	PB1.5x
06/02/26	CIMB	Seatrium	2.12	2.52	Add	PB
06/02/26	Lim & Tan	Seatrium	2.12	2.71	Accumulate on weakness
07/27/26	DBS Vickers	Seatrium	2.13	3	Buy	PB1.35x FY26
07/29/26	JPM	Seatrium	2.36	1.6	Underweight
07/31/26	Lim & Tan	Seatrium	2.12	2.6	Accumulate
08/03/26	UOB Kay Hian	Seatrium	2.15	2.3	Hold	PB1.05x FY26
08/03/26	DBS Vickers	Seatrium	2.15	3	Buy	PB1.35x FY26
08/03/26	CIMB	Seatrium	2.15	2.52	Add	PB
08/03/26	Citi Research	Seatrium	2.15	2.7	Buy	PB1.2x FY27
08/03/26	Kim Eng	Seatrium	2.15	2.85	Buy
08/17/26	CIMB	Seatrium	2.14	2.52	Add	PB
08/25/26	CIMB	Seatrium	2.09	2.6	Add	PB