Stock calls for 13 February 2023

xDate

	Analyst	Company	Last	Target	Call	Valuation
02/13/23	CIMB	BRC Asia	1.82	2.4	Add
02/13/23	Kim Eng	Civmec	0.66	1	Buy
02/13/23	Lim & Tan	DBS	36.03	40.2	Buy
02/13/23	Kim Eng	Food Empire	0.765	1.2	Buy	PE11x FY23
02/13/23	OCBC	Hutchison Port	0.204	0.195	Hold
02/13/23	UOB Kay Hian	Keppel Pacific	0.515	0.71	Buy	DDM
02/13/23	CIMB	PanUnited	0.4	0.53	Add	EV/Ebitda
02/13/23	phillip	SGX	9.19	11.71	Buy	PER26x
02/13/23	UOB Kay Hian	Thai Beverage	0.7	0.8	Buy	Sum of parts
02/13/23	Phillip	Thai Beverage	0.7	0.8	Accumulate	PER18x F23
02/13/23	DBS Vickers	Thai Beverage	0.7	0.87	Buy	PER14.5x FY23
02/13/23	Lim & Tan	Wing Tai	1.52	0	Accumulate

Baltic dry index - 602

Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 761

Related stock: Sembcorp Marine & Cosco.

SBS Transit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/22	CIMB	SBS Transit	2.92	3.4	Add
05/17/22	CIMB	SBS Transit	2.87	3.4	Add
06/09/22	DBS Vickers	SBS Transit	2.88	3.28	Hold
08/11/22	CIMB	SBS Transit	2.84	3.4	Add

SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/24/22	DBS Vickers	SATS	4.18	4.9	Buy
02/25/22	CIMB	SATS	3.97	4.34	Hold
02/25/22	Citi Research	SATS	3.97	4.6	Buy
03/11/22	CIMB	SATS	3.9	4.77	Add	DCF
03/28/22	DBS Vickers	SATS	4.24	4.9	Buy
03/29/22	UOB Kay Hian	SATS	4.38	4.65	Buy	DCF
03/29/22	OCBC	SATS	4.38	4.94	Buy
04/25/22	UOB Kay Hian	SATS	4.47	4.85	Buy
05/31/22	DBS Vickers	SATS	4.54	4.9	Buy	PER35x FY23
05/31/22	Lim & Tan	SATS	4.54	4.86	Accumulate on weakness
06/01/22	UOB Kay Hian	SATS	4.38	4.75	Buy	DCF
06/01/22	DBS Vickers	SATS	4.38	4.5	Hold	PER30x FY23/24
06/21/22	UOB Kay Hian	SATS	3.97	4.2	Buy	DCF
07/13/22	Citi Research	SATS	4.03	4.7	Buy
07/25/22	UOB Kay Hian	SATS	3.99	4.2	Buy	DCF
07/25/22	DBS Vickers	SATS	3.99	4.3	Hold	DCF
07/25/22	CIMB	SATS	3.99	4.47	Add	DCF
07/25/22	Lim & Tan	SATS	3.99	4.64	Accumulate
07/26/22	Citi Research	SATS	3.94	4.7	Buy
07/26/22	OCBC	SATS	3.94	4.72	Buy
09/22/22	Lim & Tan	SATS	4.09	4.49	Buy
09/29/22	UOB Kay Hian	SATS	3.87	3.82	Hold	DCF
10/05/22	CIMB	SATS	2.99	3.45	Add
10/19/22	UOB Kay Hian	SATS	2.72	3.08	Buy	Sum of parts
11/10/22	UOB Kay Hian	SATS	2.72	3.08	Buy	Sum of parts
11/10/22	CIMB	SATS	2.72	3.45	Add
11/17/22	OCBC	SATS	2.7	3.26	Buy
11/21/22	phillip	SATS	2.69	3.02	Accumulate	PER18.5x FY24
12/05/22	CIMB	SATS	2.67	3.17	Add
12/07/22	phillip	SATS	2.94	3.08	Neutral	PER18.5x FY24
01/06/23	UOB Kay Hian	SATS	2.83	3.1	Buy
01/16/23	CIMB	SATS	2.89	3.21	Add
01/19/23	Lim & Tan	SATS	2.94	3.57	Buy
01/25/23	UOB Kay Hian	SATS	2.93	3.28	Buy	EV/Ebitda9.7x FY25