Singapore Stock Exchange - Equity Investments

Friday, November 14, 2025

Keppel DC Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/03/24	DBS Vickers	Keppel DC Reit	1.8	2.2	Buy
06/03/24	OCBC	Keppel DC Reit	1.8	1.74	Hold
06/11/24	UOB Kay Hian	Keppel DC Reit	1.78	2.2	Buy	DDM
07/11/24	DBS Vickers	Keppel DC Reit	1.85	2.2	Buy
07/11/24	UOB Kay Hian	Keppel DC Reit	1.85	1.96	Hold
07/11/24	Lim & Tan	Keppel DC Reit	1.85	1.85	Hold
07/12/24	CIMB	Keppel DC Reit	1.91	1.99	Hold	DDM
07/12/24	UOB Kay Hian	Keppel DC Reit	1.91	1.98	Hold
07/12/24	Citi Research	Keppel DC Reit	1.91	2.07	Buy
07/15/24	OCBC	Keppel DC Reit	1.99	1.88	Hold
07/26/24	Citi Research	Keppel DC Reit	1.89	1.91	Buy
07/29/24	Phillip	Keppel DC Reit	1.9	1.93	Accumulate	DDM
07/29/24	UOB Kay Hian	Keppel DC Reit	1.9	2.09	Buy	DDM
07/30/24	OCBC	Keppel DC Reit	1.99	1.97	Hold
09/13/24	UOB Kay Hian	Keppel DC Reit	2.18	2.28	Buy	DDM
10/18/24	DBS Vickers	Keppel DC Reit	2.22	2.2	Buy
10/21/24	UOB Kay Hian	Keppel DC Reit	2.25	2.5	Buy	DDM
10/21/24	Phillip	Keppel DC Reit	2.25	2.16	Neutral	DDM
10/21/24	Lim & Tan	Keppel DC Reit	2.25	2.25	Hold
10/21/24	OCBC	Keppel DC Reit	2.25	2.15	Hold
11/20/24	UOB Kay Hian	Keppel DC Reit	2.19	2.64	Buy	DDM
11/25/24	Phillip	Keppel DC Reit	2.22	2.16	Neutral	DDM
11/26/24	Macquarie	Keppel DC Reit	2.38	2.6	Buy
12/27/24	OCBC	Keppel DC Reit	2.17	2.44	Buy
01/02/25	UOB Kay Hian	Keppel DC Reit	2.18	2.64	Buy	DDM
01/03/25	Lim & Tan	Keppel DC Reit	2.21	2.37	Hold
01/20/25	CIMB	Keppel DC Reit	2.21	2.48	Add
01/27/25	Phillip	Keppel DC Reit	2.27	2.25	Neutral	DDM
01/27/25	DBS Vickers	Keppel DC Reit	2.27	2.5	Buy
01/31/25	UOB Kay Hian	Keppel DC Reit	2.15	2.53	Buy	DDM
02/17/25	DBS Vickers	Keppel DC Reit	2.1	2.5	Buy
02/17/25	Lim & Tan	Keppel DC Reit	2.1	2.44	Hold
03/06/25	UOB Kay Hian	Keppel DC Reit	2.11	2.53	Buy	DDM
03/14/25	CIMB	Keppel DC Reit	2.21	2.48	Add
03/20/25	UOB Kay Hian	Keppel DC Reit	2.17	2.55	Buy	DDM
04/04/25	UOB Kay Hian	Keppel DC Reit	2.13	2.55	Buy	DDM
04/17/25	DBS Vickers	Keppel DC Reit	2.05	2.5	Buy
04/21/25	Phillip	Keppel DC Reit	2.03	2.25	Accumulate	DDM
05/21/25	UOB Kay Hian	Keppel DC Reit	2.14	2.55	Buy	DDM
06/27/25	UOB Kay Hian	Keppel DC Reit	2.3	2.87	Buy	DDM
07/09/25	UOB Kay Hian	Keppel DC Reit	2.22	2.69	Buy	DDM
07/16/25	CIMB	Keppel DC Reit	2.24	2.48	Add
07/18/25	Kim Eng	Keppel DC Reit	2.25	2.4	Buy	DDM
07/25/25	Lim & Tan	Keppel DC Reit	2.26	2.46	Accumulate on weakness
07/28/25	Phillip	Keppel DC Reit	2.32	2.33	Neutral	DDM
07/28/25	DBS Vickers	Keppel DC Reit	2.32	2.6	Buy
08/01/25	UOB Kay Hian	Keppel DC Reit	2.37	2.69	Buy	DDM
09/01/25	UOB Kay Hian	Keppel DC Reit	2.36	2.69	Buy	DDM
09/23/25	UOB Kay Hian	Keppel DC Reit	2.37	2.64	Buy	DDM
09/23/25	Lim & Tan	Keppel DC Reit	2.37	2.51	Accumulate
09/24/25	UOB Kay Hian	Keppel DC Reit	2.39	2.69	Buy	DDM
10/13/25	UOB Kay Hian	Keppel DC Reit	2.39	2.69	Buy	DDM
10/27/25	Phillip	Keppel DC Reit	2.4	2.4	Neutral	DDM
10/27/25	CIMB	Keppel DC Reit	2.4	2.59	Add	DDM
11/03/25	UOB Kay Hian	Keppel DC Reit	2.39	2.65	Buy	DDM

Keppel Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/03/24	DBS Vickers	Keppel Corp	6.72	9	Buy	Sum of parts
06/04/24	Lim & Tan	Keppel Corp	6.68	8.31	Accumulate
06/04/24	Citi Research	Keppel Corp	6.68	8.93	Buy
07/23/24	UOB Kay Hian	Keppel Corp	6.57	8.89	Buy	Sum of parts
08/02/24	CIMB	Keppel Corp	6.33	8.28	Add	Sum of parts
08/02/24	Lim & Tan	Keppel Corp	6.33	8.23	Accumulate
08/05/24	DBS Vickers	Keppel Corp	6.22	9	Buy	Sum of parts
08/06/24	Phillip	Keppel Corp	6	7.6	Buy	Sum of parts
08/20/24	Lim & Tan	Keppel Corp	6	7.8	Accumulate
09/20/24	UOB Kay Hian	Keppel Corp	6.59	8.86	Buy
10/01/24	DBS Vickers	Keppel Corp	6.63	9	Buy	Sum of parts
10/02/24	Lim & Tan	Keppel Corp	6.64	7.74	Accumulate
10/08/24	UOB Kay Hian	Keppel Corp	6.65	8.86	Buy
10/24/24	Lim & Tan	Keppel Corp	6.38	7.71	Buy
10/25/24	Phillip	Keppel Corp	6.47	7.6	Buy	Sum of parts
10/25/24	UOB Kay Hian	Keppel Corp	6.47	8.89	Buy	Sum of parts
10/28/24	CIMB	Keppel Corp	6.51	8.28	Add
10/28/24	Citi Research	Keppel Corp	6.51	8.93	Buy	Sum of parts (20% disc)
10/28/24	MorningStar	Keppel Corp	6.51	8.6	Buy
10/30/24	UOB Kay Hian	Keppel Corp	6.5	9.25	Buy	Sum of parts
11/19/24	Lim & Tan	Keppel Corp	6.58	7.72	Buy
11/20/24	UOB Kay Hian	Keppel Corp	6.72	9.25	Buy	Sum of parts
12/04/24	Lim & Tan	Keppel Corp	6.81	8.11	Accumulate
12/24/24	Lim & Tan	Keppel Corp	6.73	8.1	Accumulate
01/03/25	Phillip	Keppel Corp	6.87	7.6	Buy	Sum of parts
02/03/25	UOB Kay Hian	Keppel Corp	6.78	9.25	Buy	Sum of parts
02/05/25	Lim & Tan	Keppel Corp	6.63	8.39	Accumulate
02/07/25	Phillip	Keppel Corp	6.79	8	Buy	Sum of parts
02/07/25	DBS Vickers	Keppel Corp	6.79	9	Buy
02/07/25	CIMB	Keppel Corp	6.79	9.28	Add
04/10/25	DBS Vickers	Keppel Corp	5.66	9	Buy
04/24/25	Lim & Tan	Keppel Corp	6.4	8.22	Buy
04/25/25	UOB Kay Hian	Keppel Corp	6.59	9.25	Buy	Sum of parts
04/25/25	Phillip	Keppel Corp	6.59	8	Buy	Sum of parts
04/28/25	MorningStar	Keppel Corp	6.64	8.6	4-Star
04/28/25	CIMB	Keppel Corp	6.64	9.28	Add
06/06/25	DBS Vickers	Keppel Corp	6.97	9	Buy
06/26/25	Lim & Tan	Keppel Corp	7.4	0	Accumulate
07/17/25	CIMB	Keppel Corp	8.01	9.28	Add
08/01/25	UOB Kay Hian	Keppel Corp	8.47	9.51	Buy	Sum of parts
08/01/25	CIMB	Keppel Corp	8.47	10.23	Add	Sum of parts
08/01/25	Lim & Tan	Keppel Corp	8.47	8.89	Accumulate
08/04/25	Phillip	Keppel Corp	8.31	10.5	Buy	Sum of parts
08/06/25	Lim & Tan	Keppel Corp	8.42	9.37	Accumulate
08/12/25	UOB Kay Hian	Keppel Corp	8.58	10.46	Buy	Sum of parts
08/12/25	Phillip	Keppel Corp	8.58	10.7	Buy	Sum of parts
08/12/25	Lim & Tan	Keppel Corp	8.58	9.7	Accumulate
09/04/25	Lim & Tan	Keppel Corp	8.64	9.76	Accumulate
09/24/25	Lim & Tan	Keppel Corp	8.91	10	Accumulate
09/26/25	Lim & Tan	Keppel Corp	8.87	9.94	Accumulate
10/03/25	CIMB	Keppel Corp	9.14	10.23	Add	Sum of parts
10/10/25	JPM	Keppel Corp	9.17	12.5	Overweight
10/15/25	UOB Kay Hian	Keppel Corp	9.01	10.85	Buy	Sum of parts
10/30/25	Lim & Tan	Keppel Corp	9.89	10.14	Accumulate on weakness
10/31/25	UOB Kay Hian	Keppel Corp	10.05	11.7	Buy	PER16.8x FY26
10/31/25	CIMB	Keppel Corp	10.05	12.71	Add	PER
10/31/25	Lim & Tan	Keppel Corp	10.05	10.35	Accumulate on weakness
11/03/25	Phillip	Keppel Corp	10.19	12.2	Buy	Sum of parts

Jiutian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/11/24	UOB Kay Hian	Jiutian	0.031	0.18	Buy

Stock calls for 14 November 2025

Date	Analyst	Company	Last	Target	Call	Valuation
11/14/25	UOB Kay Hian	AEM	1.83	1.51	Sell	PER23x FY26
11/14/25	UOB Kay Hian	Bumitama	1.48	1.4	Hold	PER11x FY26
11/14/25	DBS Vickers	Bumitama	1.48	1.9	Buy	PER16.4x FY26
11/14/25	Kim Eng	Capitaland Investment	2.69	3.3	Buy	Sum of parts
11/14/25	DBS Vickers	Delfi	0.835	0.7	Fully Valued	PER12.4x FY26
11/14/25	CIMB	Delfi	0.835	0.81	Hold	PER
11/14/25	Lim & Tan	KSH	0.385	0.51	Accumulate	Sum of parts
11/14/25	CIMB	Marco Polo	0.104	0.14	Add	PER
11/14/25	Lim & Tan	Marco Polo	0.104	0.11	Buy
11/14/25	Amfrasers	OUE Commercial	0.34	0.36	outperform	DDM
11/14/25	DBS Vickers	SATS	3.55	3.8	Buy	PER18x & DCF
11/14/25	UOB Kay Hian	Seatrium	2.18	2.96	Buy	PB1.5x
11/14/25	CIMB	Seatrium	2.18	2.67	Add	PB
11/14/25	MorningStar	Seatrium	2.18	2.92	4-Star
11/14/25	OCBC	Seatrium	2.18	2.76	Buy
11/14/25	CIMB	SIA	6.65	5.6	Reduce	PB
11/14/25	UOB Kay Hian	Valuetronics	0.88	1.03	Buy	PER13x FY27
11/14/25	UOB Kay Hian	Venture	15.06	17.43	Buy	PER21.5x FY26
11/14/25	DBS Vickers	Venture	15.06	15.3	Hold	PER18x FY26
11/14/25	CIMB	Venture	15.06	14.75	Hold
11/14/25	Phillip	Venture	15.06	14.75	Hold
11/14/25	OCBC	Wilmar	3.36	3.58	Buy