Stock calls for 2 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/26	DBS Vickers	Avepoint	13.8	20	Buy	EV/Sales 7x
03/02/26	UOB Kay Hian	Bumitama	1.32	1.45	Buy	PER11x FY27
03/02/26	UOB Kay Hian	City Developments	9.82	11.5	Buy	RNAV (15% disc)
03/02/26	DBS Vickers	City Developments	9.82	12	Buy	RNAV (35% disc)
03/02/26	Lim & Tan	City Developments	9.82	10.22	Accumulate on weakness
03/02/26	UOB Kay Hian	Comfortdelgro	1.55	1.82	Buy	PER16x FY26
03/02/26	DBS Vickers	Comfortdelgro	1.55	1.6	Hold	EV/Ebitda5.3x
03/02/26	CIMB	CSE Global	1.32	1.5	Add	PER
03/02/26	DBS Vickers	Daiwa House	0.56	0.63	Buy	DCF
03/02/26	UOB Kay Hian	First Resources	2.37	2.5	Buy	PER10x FY26
03/02/26	Kim Eng	First Resources	2.37	2.63	Buy	PER
03/02/26	DBS Vickers	Food Empire	3.25	3.65	Buy	Sum of parts
03/02/26	UOB Kay Hian	Frasers Logistics	0.99	1.22	Buy	DDM
03/02/26	DBS Vickers	Frencken	2.16	1.92	Buy	PER20x FY26
03/02/26	Kim Eng	Frencken	2.16	2.63	Buy	PER
03/02/26	Lim & Tan	Geo Energy	0.415	0.425	Hold
03/02/26	DBS Vickers	Jardine C&C	35.36	38.5	Buy	Sum of parts
03/02/26	UOB Kay Hian	Mapletree Commercial	1.42	1.84	Buy	DDM
03/02/26	DBS Vickers	Nam Cheong	1.39	1.6	Buy	PER10x FY26
03/02/26	UOB Kay Hian	NTT DC Reit	0.995	1.42	Buy	DDM
03/02/26	UOB Kay Hian	Propnex	2.04	2.55	Buy	PER23.8x FY26
03/02/26	DBS Vickers	Propnex	2.04	1.95	Hold	Sum of parts, PER18x
03/02/26	UOB Kay Hian	SATS	3.92	4.75	Buy	PER19.7x FY28
03/02/26	DBS Vickers	SATS	3.92	4.5	Buy	DCF & PER20x
03/02/26	DBS Vickers	Seatrium	2.4	3	Buy	PB1.35x FY26
03/02/26	phillip	Sembcorp Industries	6.12	7	Accumulate	EV/Ebitda10x FY26
03/02/26	DBS Vickers	Sheng Siong	2.63	2.6	Hold	PER24x FY26
03/02/26	Phillip	SIA	7.18	7	Neutral	PB1.3x
03/02/26	CIMB	Soilbuild Construction	1.02	1.2	Add	PER
03/02/26	UOB Kay Hian	ST Engineering	9.97	10.86	Buy	PER29.1x FY27
03/02/26	Phillip	ST Engineering	9.97	13	Buy	DCF
03/02/26	DBS Vickers	ST Engineering	9.97	11	Buy	PER30x FY26 & DCF
03/02/26	DBS Vickers	Ultragreen	1.7	2	Buy	PER26x FY26
03/02/26	DBS Vickers	UMS	1.45	1.48	Buy	PER25x FY26, Ex-Bonus 1-for-4
03/02/26	Phillip	Venture	15.63	16.8	Accumulate	PER19x