Telechoice - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/29/25	Phillip	Telechoice	0.164	0.215	Buy	PER15x FY25
11/20/25	Phillip	Telechoice	0.18	0.215	Buy	PER15x FY25

Suntec Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/06/24	Lim & Tan	Suntec Reit	1.17	1.24	Reject Offer	Offer @ $1.16
12/06/24	DMG & Partners	Suntec Reit	1.17	1.35	Reject Offer	Offer @ $1.16
12/09/24	MorningStar	Suntec Reit	1.23	1.38	Reject Offer	Offer @ $1.16
01/02/25	UOB Kay Hian	Suntec Reit	1.17	1.18	Hold	DDM
01/09/25	Lim & Tan	Suntec Reit	1.19	1.24	Hold	NAV $2.07
01/10/25	DMG & Partners	Suntec Reit	1.21	1.35	Buy	Reject Offer
01/10/25	MorningStar	Suntec Reit	1.21	1.39	Reject Offer	Offer @ $1.19
01/24/25	Lim & Tan	Suntec Reit	1.21	1.19	Hold	NAV $2.05
01/28/25	CIMB	Suntec Reit	1.2	1.33	Hold
02/10/25	Phillip	Suntec Reit	1.17	1.33	Accumulate	DDM
02/12/25	OCBC	Suntec Reit	1.14	1.14	Hold
03/06/25	UOB Kay Hian	Suntec Reit	1.12	1.18	Hold	DDM
04/01/25	UOB Kay Hian	Suntec Reit	1.18	1.18	Hold	DDM
04/25/25	DBS Vickers	Suntec Reit	1.16	1.15	Hold
04/25/25	Lim & Tan	Suntec Reit	1.16	1.25	Hold
04/28/25	Phillip	Suntec Reit	1.15	1.33	Buy	DDM
04/29/25	CIMB	Suntec Reit	1.14	1.26	Hold
04/29/25	CIMB	Suntec Reit	1.14	1.17	Hold
05/21/25	UOB Kay Hian	Suntec Reit	1.13	1.18	Hold	DDM
06/16/25	DMG & Partners	Suntec Reit	1.14	1.35	Buy
06/23/25	Phillip	Suntec Reit	1.12	1.33	Buy	DDM
06/27/25	UOB Kay Hian	Suntec Reit	1.13	1.3	Hold	DDM
07/25/25	DBS Vickers	Suntec Reit	1.18	1.15	Hold
07/25/25	Lim & Tan	Suntec Reit	1.18	1.22	Hold
07/28/25	Phillip	Suntec Reit	1.19	1.36	Buy	DDM
08/01/25	UOB Kay Hian	Suntec Reit	1.16	1.31	Hold	DDM
08/07/25	DBS Vickers	Suntec Reit	1.2	1.4	Buy
08/21/25	JPM	Suntec Reit	1.23	1.45	Overweight
09/01/25	UOB Kay Hian	Suntec Reit	1.32	1.31	Hold	DDM
09/05/25	DBS Vickers	Suntec Reit	1.3	1.4	Buy
09/09/25	DMG & Partners	Suntec Reit	1.35	1.48	Buy
10/27/25	DBS Vickers	Suntec Reit	1.37	1.4	Buy
10/31/25	DMG & Partners	Suntec Reit	1.35	1.6	Buy
10/31/25	OCBC	Suntec Reit	1.35	1.3	Hold
11/03/25	Phillip	Suntec Reit	1.34	1.4	Accumulate	DDM

Stoneweg Reit SGD - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/24/25	Lim & Tan	Stoneweg Reit SGD	2.12	2.64	Accumulate	SGD
07/09/25	Lim & Tan	Stoneweg Reit SGD	2.28	2.75	Accumulate	SGD

Stock calls for 17 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/17/25	Lim & Tan	Capitaland Integrated Commercial Trust	2.33	0	Accumulate
12/17/25	Amfrasers	Ever Gloy Uinited Holdings	0.7	1.2	Outperform	DCF
12/17/25	Lim & Tan	Keppel DC Reit	2.2	2.61	Accumulate on weakness
12/17/25	Kim Eng	Sembcorp Industries	5.92	5.65	Hold

Stoneweg Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/25	Phillip	Stoneweg Reit	1.57	1.95	Buy
01/10/25	DMG & Partners	Stoneweg Reit	1.59	1.9	Buy
02/17/25	Phillip	Stoneweg Reit	1.57	1.95	Buy
02/18/25	DBS Vickers	Stoneweg Reit	1.57	1.85	Buy	DCF
03/13/25	Phillip	Stoneweg Reit	1.38	1.86	Buy	DDM
04/21/25	Phillip	Stoneweg Reit	1.42	1.86	Buy	DDM
05/02/25	Phillip	Stoneweg Reit	1.5	1.86	Buy	DDM
06/23/25	Phillip	Stoneweg Reit	1.52	1.86	Buy	DDM
06/25/25	CIMB	Stoneweg Reit	1.55	1.93	Add
06/26/25	DMG & Partners	Stoneweg Reit	1.56	1.9	Buy
08/18/25	Phillip	Stoneweg Reit	1.59	1.86	Buy	DDM
09/22/25	Phillip	Stoneweg Reit	1.55	1.86	Buy	DDM
10/06/25	Lim & Tan	Stoneweg Reit	1.52	1.88	Accumulate
10/07/25	DMG & Partners	Stoneweg Reit	1.52	1.9	Buy
10/23/25	Phillip	Stoneweg Reit	1.53	1.86	Buy	DDM
11/06/25	DBS Vickers	Stoneweg Reit	1.53	1.8	Buy	DCF
11/07/25	OCBC	Stoneweg Reit	1.56	1.87	Buy
11/10/25	Phillip	Stoneweg Reit	1.57	1.86	Buy	DDM

Starhub - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/24	DMG & Partners	Starhub	1.23	1.18	Neutral	DCF
01/07/25	DMG & Partners	Starhub	1.23	1.18	Neutral	DCF
02/24/25	DBS Vickers	Starhub	1.24	1.46	Buy	DCF
02/24/25	Citi Research	Starhub	1.24	1.43	Buy	EV/Ebitda7.2x FY25
02/24/25	DMG & Partners	Starhub	1.24	1.14	Neutral	DCF
02/25/25	UOB Kay Hian	Starhub	1.23	1.26	Hold	DCF
02/25/25	CIMB	Starhub	1.23	1.3	Hold	DCF
03/28/25	UOB Kay Hian	Starhub	1.18	1.26	Buy	DCF
05/13/25	DBS Vickers	Starhub	1.17	1.38	Buy	DCF
05/13/25	Phillip	Starhub	1.17	1.08	Neutral	EV/Ebitda6x FY25
05/13/25	UOB Kay Hian	Starhub	1.17	1.26	Buy	DCF
05/13/25	Citi Research	Starhub	1.17	1.43	Buy	EV/Ebitda7.2x FY25
07/08/25	Kim Eng	Starhub	1.18	1.17	Hold
07/08/25	DMG & Partners	Starhub	1.18	1.14	Neutral	DCF
08/07/25	DBS Vickers	Starhub	1.23	1.2	Hold	Sum of parts
08/13/25	DMG & Partners	Starhub	1.18	1.14	Neutral	DCF
08/15/25	DBS Vickers	Starhub	1.17	1.19	Hold	Sum of parts
08/15/25	CIMB	Starhub	1.17	1.19	Hold	GGM
08/21/25	Phillip	Starhub	1.16	1.08	Neutral	EV/Ebitda6x FY25
09/03/25	Kim Eng	Starhub	1.14	1.35	Buy	DCF
10/17/25	Kim Eng	Starhub	1.13	1.35	Buy	DCF
11/17/25	Phillip	Starhub	1.15	1.05	Neutral
11/17/25	DBS Vickers	Starhub	1.15	1.19	Hold	Sum of parts

Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/25	DMG & Partners	Starhill	0.5	0.57	Buy	DDM
01/24/25	DBS Vickers	Starhill	0.5	0.68	Buy
02/03/25	OCBC	Starhill	0.51	0.5	Buy
04/01/25	DMG & Partners	Starhill	0.5	0.57	Buy	DDM
04/11/25	OCBC	Starhill	0.47	0.46	Buy
04/30/25	DBS Vickers	Starhill	0.495	0.68	Buy
07/30/25	DBS Vickers	Starhill	0.545	0.68	Buy	DCF
07/30/25	DMG & Partners	Starhill	0.545	0.55	Buy
08/04/25	OCBC	Starhill	0.545	0.51	Hold
08/28/25	DMG & Partners	Starhill	0.545	0.6	Buy
11/25/25	uSMART	Starhill	0.58	0.67	Buy

Stock calls for 16 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/16/25	Lim & Tan	CSE Global	0.91	1.2	Accumulate
12/16/25	MorningStar	SGX	17	15	Overvalued
12/16/25	Lim & Tan	XMH	0.153	0	Accumulate