Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/26/24	DMG & Partners	Starhill	0.485	0.58	Buy
07/30/24	DBS Vickers	Starhill	0.49	0.68	Buy
07/31/24	OCBC	Starhill	0.485	0.5	Buy
08/08/24	DBS Vickers	Starhill	0.475	0.68	Buy
08/27/24	DMG & Partners	Starhill	0.5	0.57	Buy	DDM
09/19/24	DBS Vickers	Starhill	0.535	0.68	Buy
10/30/24	DBS Vickers	Starhill	0.505	0.68	Buy
11/04/24	OCBC	Starhill	0.505	0.55	Buy
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

Stamford Tyres - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/30/25	Lim & Tan	Stamford Tyres	0.215	0	Hold

ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/18/24	Lim & Tan	ST Engineering	3.98	0	Accumulate
06/19/24	Kim Eng	ST Engineering	4.03	4.3	Buy
06/24/24	DMG & Partners	ST Engineering	4.04	4.5	Buy	Sum of parts
06/25/24	DBS Vickers	ST Engineering	4.1	4.8	Buy
06/26/24	Lim & Tan	ST Engineering	4.14	4.53	Accumulate
06/26/24	Kim Eng	ST Engineering	4.14	4.6	Buy	Sum of parts
06/27/24	JPM	ST Engineering	4.19	4.6	Buy
07/08/24	DBS Vickers	ST Engineering	4.26	4.8	Buy
07/16/24	UOB Kay Hian	ST Engineering	4.38	4.95	Buy	DCF
07/22/24	DMG & Partners	ST Engineering	4.45	5	Buy	Sum of parts
07/22/24	CIMB	ST Engineering	4.45	5	Add
08/14/24	OCBC	ST Engineering	4.28	4.83	Buy
08/14/24	Citi Research	ST Engineering	4.28	5.12	Buy
08/15/24	DBS Vickers	ST Engineering	4.47	5	Buy
08/15/24	UOB Kay Hian	ST Engineering	4.47	4.95	Buy	DCF
08/15/24	Citi Research	ST Engineering	4.47	5.12	Buy	PER20x FY25
08/19/24	Phillip	ST Engineering	4.56	5	Accumulate	DCF
08/20/24	DMG & Partners	ST Engineering	4.58	5	Buy	Sum of parts
08/20/24	Kim Eng	ST Engineering	4.58	4.8	Buy
09/02/24	DMG & Partners	ST Engineering	4.45	5	Buy	Sum of parts
09/18/24	Phillip	ST Engineering	4.64	5.32	Buy	Sum of parts
09/24/24	DMG & Partners	ST Engineering	4.72	5.32	Buy	Sum of parts
10/02/24	CIMB	ST Engineering	4.64	5.3	Add
10/09/24	DMG & Partners	ST Engineering	4.67	5.32	Buy	Sum of parts
10/17/24	Citi Research	ST Engineering	4.62	5.12	Buy
11/18/24	DBS Vickers	ST Engineering	4.71	5	Buy
11/19/24	UOB Kay Hian	ST Engineering	4.45	4.95	Buy	PER20.7x FY26
11/19/24	Phillip	ST Engineering	4.45	5	Accumulate	DCF
11/19/24	DBS Vickers	ST Engineering	4.45	5.4	Buy	DCF
11/19/24	DMG & Partners	ST Engineering	4.45	5.32	Buy	Sum of parts
11/19/24	Kim Eng	ST Engineering	4.45	4.7	Buy
11/19/24	Citi Research	ST Engineering	4.45	5.12	Buy	PER20x FY25
11/28/24	DMG & Partners	ST Engineering	4.46	5.2	Buy	Sum of parts
12/03/24	DBS Vickers	ST Engineering	4.53	5.4	Buy
12/10/24	CIMB	ST Engineering	4.55	5.3	Add
12/16/24	DMG & Partners	ST Engineering	4.53	5.2	Buy	Sum of parts
01/03/25	Phillip	ST Engineering	4.65	5	Accumulate	DCF
01/21/25	DMG & Partners	ST Engineering	4.68	5.2	Buy	Sum of parts
02/07/25	DBS Vickers	ST Engineering	4.83	5.4	Buy
02/07/25	CIMB	ST Engineering	4.83	5.3	Add
02/07/25	Citi Research	ST Engineering	4.83	5.12	Buy	PER20x FY25
02/18/25	DMG & Partners	ST Engineering	5	5.2	Buy	Sum of parts
02/20/25	DBS Vickers	ST Engineering	5.11	5.4	Buy
02/28/25	UOB Kay Hian	ST Engineering	5.11	5.55	Buy	PER20.7x FY26
02/28/25	Citi Research	ST Engineering	5.11	6.1	Buy
03/03/25	Phillip	ST Engineering	5.41	6.1	Accumulate	DCF
03/03/25	CIMB	ST Engineering	5.41	5.6	Add
03/03/25	DBS Vickers	ST Engineering	5.41	6	Buy	PER22x FY25
03/03/25	Lim & Tan	ST Engineering	5.41	5.74	Accumulate on weakness
03/03/25	Kim Eng	ST Engineering	5.41	5.7	Buy
03/03/25	DMG & Partners	ST Engineering	5.41	5.9	Buy
03/03/25	OCBC	ST Engineering	5.41	7.75	Buy
03/18/25	Lim & Tan	ST Engineering	6.32	6.45	Accumulate on weakness
03/18/25	Citi Research	ST Engineering	6.32	7.22	Buy
03/19/25	UOB Kay Hian	ST Engineering	6.38	6.8	Buy	PER23.5x FY26
03/19/25	Lim & Tan	ST Engineering	6.38	6.55	Accumulate on weakness
03/19/25	CIMB	ST Engineering	6.38	7.4	Add
03/20/25	DMG & Partners	ST Engineering	6.57	7.8	Buy
04/04/25	DBS Vickers	ST Engineering	6.75	7.5	Buy
04/14/25	DMG & Partners	ST Engineering	6.67	7.8	Buy
04/29/25	Lim & Tan	ST Engineering	7.35	8	Accumulate
05/07/25	DMG & Partners	ST Engineering	7.49	8.3	Buy
05/09/25	Lim & Tan	ST Engineering	7.51	8	Accumulate
05/09/25	Citi Research	ST Engineering	7.51	8.3	Hold
05/13/25	Phillip	ST Engineering	7.63	8.2	Accumulate	DCF
05/13/25	UOB Kay Hian	ST Engineering	7.63	7.37	Hold	PER24.6x FY26
05/28/25	DBS Vickers	ST Engineering	7.57	7.7	Hold
06/04/25	OCBC	ST Engineering	8.01	8.54	Buy
06/17/25	DMG & Partners	ST Engineering	7.96	8.9	Buy
06/26/25	Citi Research	ST Engineering	7.95	8.3	Hold	PER22.5x FY27
06/27/25	DMG & Partners	ST Engineering	7.87	8.65	Buy

Stock calls for 7 July 2025

Date	Analyst	Company	Last	Target	Call	Valuation
07/07/25	Lim & Tan	Boustead	1.42	0	Accumulate
07/07/25	phillip	DBS	45.21	46.9	Accumulate
07/07/25	CIMB	Hong Leong Asia	1.6	1.95	Add
07/07/25	Kim Eng	Isoteam	0.074	0.104	Buy
07/07/25	Kim Eng	Netlink	0.89	1	Buy
07/07/25	phillip	OCBC	16.48	17.6	Accumulate
07/07/25	CIMB	PanUnited	0.87	0.958	Add
07/07/25	UOB Kay Hian	Seatrium	2.07	2.96	Buy	PB1.5x
07/07/25	DMG & Partners	SGX	15.17	16	Neutral
07/07/25	CIMB	Sheng Siong	1.97	2.21	Add
07/07/25	phillip	UOB	36.12	36.3	Accumulate

Baltic dry index - 1436

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 539

 Related stock: Seatrium & Cosco.

Soilbuild Construction - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/17/25	Lim & Tan	Soilbuild Construction	0.77	0	Accumulate on weakness
04/14/25	Phillip	Soilbuild Construction	0.83	0.97	Accumulate	PER3.5x FY26
05/07/25	SAC Capital	Soilbuild Construction	0.81	1.1	Buy
07/03/25	Lim & Tan	Soilbuild Construction	0.865	0.97	Accumulate