Singtel - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/09/21	DBS Vickers	Singtel	2.37	3.01	Buy
06/09/21	Phillip	Singtel	2.37	2.32	Neutral
07/05/21	UOB Kay Hian	Singtel	2.27	2.84	Buy	DCF
07/13/21	DMG & Partners	Singtel	2.28	3	Buy
08/10/21	Kim Eng	Singtel	2.28	2.83	Buy	Sum of parts
08/12/21	DBS Vickers	Singtel	2.31	3.01	Buy
08/13/21	CIMB	Singtel	2.37	2.9	Add
08/13/21	DMG & Partners	Singtel	2.37	3	Buy
08/13/21	Macquarie	Singtel	2.37	2.84	outperform	DCF
08/13/21	UOB Kay Hian	Singtel	2.37	2.75	Buy	DCF
08/17/21	Phillip	Singtel	2.4	2.52	Accumulate	Sum of parts
08/27/21	DBS Vickers	Singtel	2.38	3.13	Buy	Sum of parts
09/01/21	Citi Research	Singtel	2.32	3.48	Buy
09/01/21	Macquarie	Singtel	2.32	2.83	outperform	Sum of parts
09/07/21	DMG & Partners	Singtel	2.38	3	Buy
09/13/21	CIMB	Singtel	2.4	2.9	Add
09/23/21	DBS Vickers	Singtel	2.47	3.13	Buy
09/23/21	Lim & Tan	Singtel	2.47	2.94	Accumulate
10/04/21	CIMB	Singtel	2.43	2.9	Add	Sum of parts
10/04/21	DMG & Partners	Singtel	2.43	3.37	Buy
10/04/21	UOB Kay Hian	Singtel	2.43	2.75	Buy	DCF, EV/Ebitda13x FY22
10/25/21	Lim & Tan	Singtel	2.57	3	Accumulate
11/08/21	CIMB	Singtel	2.54	2.9	Add	Sum of parts
11/12/21	Citi Research	Singtel	2.56	3.64	Buy
11/12/21	Lim & Tan	Singtel	2.56	3	Accumulate
11/12/21	Macquarie	Singtel	2.56	2.83	outperform	Sum of parts
11/12/21	UOB Kay Hian	Singtel	2.56	2.75	Buy	DCF
11/18/21	Phillip	Singtel	2.52	2.86	Buy	Sum of parts
11/30/21	DMG & Partners	Singtel	2.41	3.37	Buy
12/06/21	UOB Kay Hian	Singtel	2.38	2.75	Buy	DCF
12/09/21	Citi Research	Singtel	2.45	3.58	Buy
12/09/21	DBS Vickers	Singtel	2.45	3.13	Buy
12/17/21	Macquarie	Singtel	2.43	2.83	outperform	Sum of parts
12/21/21	Citi Research	Singtel	2.34	3.56	Buy
01/03/22	UOB Kay Hian	Singtel	2.32	2.75	Buy	DCF
01/12/22	Kim Eng	Singtel	2.42	2.83	Buy
01/24/22	DBS Vickers	Singtel	2.48	3.13	Buy
02/03/22	Lim & Tan	Singtel	2.43	3.11	Accumulate
02/10/22	CIMB	Singtel	2.55	2.9	Buy	Sum of parts
02/10/22	DMG & Partners	Singtel	2.55	3.37	Buy
02/14/22	UOB Kay Hian	Singtel	2.55	2.75	Buy	DCF
02/15/22	DBS Vickers	Singtel	2.55	3.13	Buy
02/16/22	UOB Kay Hian	Singtel	2.57	2.9	Buy
02/17/22	CIMB	Singtel	2.55	3.3	Add
02/17/22	Citi Research	Singtel	2.55	3.56	Buy	Sum of parts (10% discount)
02/17/22	Kim Eng	Singtel	2.55	2.98	Buy
02/17/22	OCBC	Singtel	2.55	2.98	Buy
02/17/22	Phillip	Singtel	2.55	2.86	Accumulate	Sum of parts
03/08/22	Citi Research	Singtel	2.51	3.44	Buy
03/08/22	DMG & Partners	Singtel	2.51	3.37	Buy
03/08/22	Lim & Tan	Singtel	2.51	3.16	Accumulate
03/09/22	UOB Kay Hian	Singtel	2.51	2.9	Buy
03/16/22	Kim Eng	Singtel	2.53	2.98	Buy	Sum of parts
03/29/22	CIMB	Singtel	2.65	3.3	Add	Sum of parts
04/01/22	Lim & Tan	Singtel	2.64	3.16	Accumulate
04/06/22	DMG & Partners	Singtel	2.66	3.37	Buy	Sum of parts
04/08/22	Kim Eng	Singtel	2.66	2.98	Buy	Sum of parts
04/12/22	UOB Kay Hian	Singtel	2.64	2.9	Buy	DCF, EV/Ebitda13x FY23
04/19/22	Lim & Tan	Singtel	2.58	3.15	Accumulate
04/27/22	CIMB	Singtel	2.77	3.3	Add
05/19/22	DBS Vickers	Singtel	2.73	3.13	Buy
05/23/22	CIMB	Singtel	2.69	3.3	Add	Sum of parts
05/27/22	Lim & Tan	Singtel	2.73	0	Buy
05/30/22	UOB Kay Hian	Singtel	2.7	2.9	Buy	DCF
05/30/22	Phillip	Singtel	2.7	3.05	Accumulate
05/30/22	DMG & Partners	Singtel	2.7	3.55	Buy	Sum of parts
05/30/22	Citi Research	Singtel	2.7	3.22	Buy
06/01/22	Kim Eng	Singtel	2.59	3.02	Buy
06/01/22	OCBC	Singtel	2.59	3.06	Buy
06/01/22	CIMB	Singtel	2.59	3.2	Add
06/01/22	DMG & Partners	Singtel	2.59	3.55	Buy
06/01/22	Lim & Tan	Singtel	2.59	0	Buy
06/03/22	DBS Vickers	Singtel	2.59	3.2	Buy	Sum of parts
06/16/22	Lim & Tan	Singtel	2.5	3.2	Accumulate
07/01/22	Lim & Tan	Singtel	2.53	0	Accumulate
07/18/22	UOB Kay Hian	Singtel	2.65	2.9	Buy	DCF
07/19/22	DBS Vickers	Singtel	2.66	3.24	Buy	Sum of parts
07/26/22	DMG & Partners	Singtel	2.62	3.55	Buy	Sum of parts
08/02/22	Lim & Tan	Singtel	2.64	0	Accumulate
08/03/22	DBS Vickers	Singtel	2.63	3.24	Buy
08/19/22	CIMB	Singtel	2.7	3.2	Add	Sum of parts
08/25/22	UOB Kay Hian	Singtel	2.62	2.9	Buy	DCF
08/25/22	DMG & Partners	Singtel	2.62	3.55	Buy	Sum of parts
08/25/22	Lim & Tan	Singtel	2.62	3.15	Accumulate	PB2x
08/29/22	Phillip	Singtel	2.65	3.05	Accumulate	Sum of parts
08/29/22	Kim Eng	Singtel	2.65	3.15	Buy
09/02/22	CIMB	Singtel	2.63	3.2	Add	Sum of parts
09/07/22	DMG & Partners	Singtel	2.67	3.55	Buy	Sum of parts
09/21/22	UOB Kay Hian	Singtel	2.69	2.9	Buy	DCF
09/30/22	Kim Eng	Singtel	2.67	3.15	Buy	Sum of parts
10/07/22	UOB Kay Hian	Singtel	2.52	2.9	Buy	DCF
10/26/22	DMG & Partners	Singtel	2.43	3.55	Buy
10/27/22	Kim Eng	Singtel	2.43	3.15	Buy
10/28/22	DBS Vickers	Singtel	2.41	3.24	Buy
11/07/22	CIMB	Singtel	2.52	3.2	Add	Sum of parts
11/10/22	DBS Vickers	Singtel	2.55	3.24	Buy
11/10/22	Lim & Tan	Singtel	2.55	3.24	Accumulate
11/11/22	UOB Kay Hian	Singtel	2.63	3.15	Buy	DCF
11/11/22	DMG & Partners	Singtel	2.63	3.3	Buy	Sum of parts
11/11/22	CIMB	Singtel	2.63	3	Add
11/11/22	Kim Eng	Singtel	2.63	3.15	Buy
11/14/22	Phillip	Singtel	2.69	3.05	Accumulate	Sum of parts
11/15/22	DBS Vickers	Singtel	2.76	3.15	Buy