Stock calls for 17 February 2023

Date	Analyst	Company	Last	Target	Call	Valuation
02/17/23	UOB Kay Hian	Delfi	0.9	1.42	Buy	PER17x FY23
02/17/23	Kim Eng	ESR-Reit	0.35	0.45	Buy
02/17/23	Kim Eng	Frencken	1.21	1.35	Buy
02/17/23	phillip	Prime US Reit	0.445	0.7	Buy	DDM
02/17/23	UOB Kay Hian	Singtel	2.47	3.15	Buy	DCF
02/17/23	CIMB	Singtel	2.47	3	Add
02/17/23	DBS Vickers	UMS	1.16	1.74	Buy	PER11x FY23

Singapore NODX declined by a whopping 25% in January 2023.

https://www.theedgesingapore.com/news/singapore-economy/singapores-january-nodx-falls-250-high-base-electronics-and-non-electronics

Year-on-year changes:

January 2023: -25%

December 2022: -20.6%

November 2022: -14.6%

October 2022: -5.6%

September 2022: 3.1%

August 2022: 11.4%

July 2022: 7%

June 2022: 9%

May 2022: 12.4%

April 2022: 6.4%

March 2022: 7.7%

February 2022: 9.5%

January 2022: 17.6%

December 2021: 18.4%

November 2021: 24.2%

October 2021: 17.9%

September 2021: 12.3%

August 2021: 2.7%

July 2021: 12.7%

June 2021: 15.9%

May 2021: 8.8%

April 2021: 6%

March 2021: 12.1%

February 2021: 4.2%

January 2021: 12.8%

December 2020: 6.8%

November 2020: -4.9%

October 2020: -3.1%

September 2020: 5.9%

August 2020: 7.7%

July 2020: 6%

June 2020: 16.1% (Revised to 13.9%)

May 2020: -4.6%

April 2020: 9.7%

March 2020: 17.6%

February 2020: 3% (Revised to 3.1%)

January 2020: - 3.3%

December 2019: 2.4%

November 2019: - 5.9%

October 2019: - 12.3%

September 2019: -8.1%

August 2019: - 8.9%

July 2019: -11.2%

June 2019: -17.3%

May 2019: -15.9%

April 2019: -10%

March 2019: -11.7%

February 2019: 4.9%

January 2019: -10.1%

December 2018: -8.5%

November 2018: -2.6%

October 2018: 8.3%

September 2018: 8.3%

August 2018: 5%

July 2018: 11.8% (Corrected)

June 2018: 1.1%

May 2018: 15.5%

April 2018: 11.8%

March 2018: -2.7%

February 2018: -5.9%

January 2018: 13%

December 2017: 3.1%

November 2017: 9.1%

October 2017: 20.9%

September 2017: -1.1%

August 2017: 16.7%

July 2017: 8.5%

June 2017: 8.2%

May 2017: -1.2%

Apr 2017: -0.7%

Mar 2017: 16.5%

Feb 2017: 21.1%

Singapore O&G - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/08/22	Lim & Tan	Singapore o&g	2.5	0	Accept offer

Singapore Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/22	UOB Kay Hian	Singapore Medical	0.305	0.53	Buy	PER14x FY22
04/28/22	Lim & Tan	Singapore Medical	0.33	0.5	Buy
07/07/22	UOB Kay Hian	Singapore Medical	0.3	0.53	Buy
08/31/22	Lim & Tan	Singapore Medical	0.315	0.43	Buy
09/22/22	UOB Kay Hian	Singapore Medical	0.365	0.45	Reject offer	PER14x FY22, Offer @ $0.38
10/19/22	Lim & Tan	Singapore Medical	0.365	0	Accept offer
11/03/22	Lim & Tan	Singapore Medical	0.38	0.43	Accept offer	Revised offer $0.40
11/09/22	UOB Kay Hian	Singapore Medical	0.39	0.45	Accept offer	Revised offer $0.40

Sin Heng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/18/22	Lim & Tan	Sin Heng	0.45	0.75	Buy

Stock calls for 16 February 2023

Date	Analyst	Company	Last	Target	Call	Valuation
02/16/23	Phillip	BRC Asia	1.84	2.14	Buy	PER7x FY23
02/16/23	DBS Vickers	CSE Global	0.375	0.38	Hold
02/16/23	Lim & Tan	CSE Global	0.375	0.41	Neutral
02/16/23	UOB Kay Hian	Ifast Corp	5.53	5.06	Hold	PER42x FY23
02/16/23	CIMB	Ifast Corp	5.53	3.5	Sell
02/16/23	Citi Research	Ifast Corp	5.53	3.8	Sell
02/16/23	OCBC	Netlink	0.87	0.98	Buy
02/16/23	Kim Eng	Netlink	0.87	0.95	Buy
02/16/23	Citi Research	Netlink	0.87	0.95	Buy
02/16/23	OCBC	Sembcorp Marine	0.135	0.185	Buy	PB1.5x
02/16/23	Phillip	Silverlake	0.355	0.49	Buy	PER20x FY23
02/16/23	Lim & Tan	Singtel	2.45	0	Buy