DBS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/22	UOB Kay Hian	DBS	33.71	40.28	Buy	GGM, PB1.67x FY23
01/07/22	phillip	DBS	33.82	35.9	Accumulate
01/10/22	Macquarie	DBS	34.37	36.7	outperform	PB
01/12/22	Kim Eng	DBS	35.42	37.07	Buy
01/28/22	OCBC	DBS	35.26	40	Buy
01/31/22	Lim & Tan	DBS	34.82	38.41	Accumulate
02/07/22	UOB Kay Hian	DBS	35.95	40.28	Buy
02/08/22	DMG & Partners	DBS	36.48	40.4	Buy
02/08/22	Lim & Tan	DBS	36.48	38.41	Accumulate
02/09/22	phillip	DBS	36.58	35.9	Accumulate
02/14/22	CIMB	DBS	37.25	39.2	Add	GGM
02/15/22	DMG & Partners	DBS	37.2	42.7	Buy
02/15/22	Kim Eng	DBS	37.2	41.82	Buy
02/15/22	UOB Kay Hian	DBS	37.2	40	Buy	GGM, PB1.67x FY23
02/16/22	CIMB	DBS	36.53	39.9	Add
02/16/22	Jefferies	DBS	36.53	39	Buy
02/18/22	phillip	DBS	36.53	41.6	Accumulate	GGM, PB1.79x FY22
03/01/22	CIMB	DBS	33.82	39.9	Add
03/09/22	Jefferies	DBS	31.23	36	Buy
03/09/22	phillip	DBS	31.23	41.6	Accumulate
03/10/22	UOB Kay Hian	DBS	32.36	35.8	Buy	GGM, PB1.5x FY23
03/21/22	UOB Kay Hian	DBS	34.76	38.15	Buy	GGM, PB1.58x FY23
04/01/22	CIMB	DBS	35.83	39.9	Add
04/04/22	Jefferies	DBS	35.55	32	Hold
04/07/22	DMG & Partners	DBS	35.75	42.7	Buy
04/07/22	phillip	DBS	35.75	41.6	Accumulate
04/08/22	UOB Kay Hian	DBS	35.33	39.55	Buy	GGM, PB1.64x FY23
04/18/22	Kim Eng	DBS	33.48	41.82	Buy
04/19/22	UOB Kay Hian	DBS	33	37.55	Buy	GGM, PB1.57x FY23
04/29/22	Lim & Tan	DBS	33.01	40	Accumulate
04/29/22	OCBC	DBS	33.01	40	Buy
05/02/22	Kim Eng	DBS	33.92	41.22	Buy
05/04/22	CIMB	DBS	33.92	40.2	Add
05/05/22	DMG & Partners	DBS	34.05	38.1	Buy	GGM, PB1.57x FY23
05/05/22	phillip	DBS	34.05	41.6	Accumulate	GGM, PB1.79x FY22
06/01/22	CIMB	DBS	30.94	40.2	Add
06/01/22	DMG & Partners	DBS	30.94	38.1	Buy
06/16/22	UOB Kay Hian	DBS	29.93	37.25	Buy
06/28/22	UOB Kay Hian	DBS	30.21	38.78	Buy	GGM, PB1.69x FY23
07/21/22	UOB Kay Hian	DBS	30.85	39.5	Buy	GGM, PB1.72x FY23
07/21/22	CIMB	DBS	30.85	40.2	Add
07/26/22	DMG & Partners	DBS	31.26	38.1	Buy
08/04/22	Lim & Tan	DBS	32.33	38.5	Accumulate
08/05/22	UOB Kay Hian	DBS	32.41	43.6	Buy	GGM, PB1.86x FY23
08/05/22	phillip	DBS	32.41	41.6	Buy	GGM
08/05/22	DMG & Partners	DBS	32.41	37.6	Buy	GGM, PB1.57x FY23
09/07/22	phillip	DBS	32.54	41.6	Buy
09/22/22	DMG & Partners	DBS	33.53	37.6	Buy
09/30/22	CIMB	DBS	32.93	40.2	Add
10/04/22	phillip	DBS	33.15	41.6	Buy
10/06/22	DMG & Partners	DBS	33.42	37.6	Buy
10/12/22	CLSA	DBS	33.31	43.4	Buy
10/14/22	Kim Eng	DBS	32.63	42.18	Buy
10/18/22	CIMB	DBS	32.42	40.2	Add
10/25/22	UOB Kay Hian	DBS	32.39	45.75	Buy	GGM, PB1.94x FY23
10/25/22	Lim & Tan	DBS	32.39	39.5	Accumulate
11/03/22	CIMB	DBS	33.66	40.2	Add	GGM
11/03/22	Lim & Tan	DBS	33.66	40	Accumulate
11/04/22	UOB Kay Hian	DBS	34.2	45	Buy	GGM, PB1.91x FY23
11/04/22	phillip	DBS	34.2	41.6	Buy	GGM, PB1.77x FY22
11/04/22	DMG & Partners	DBS	34.2	41.1	Buy	GGM, PB1.67x FY23
11/07/22	Kim Eng	DBS	34.47	42.69	Buy
11/24/22	JPM	DBS	35.36	37	Neutral
11/24/22	CIMB	DBS	35.36	38.75	Add
12/06/22	CIMB	DBS	34.5	36.5	Hold
12/09/22	DMG & Partners	DBS	33.35	41.1	Buy
01/03/23	CIMB	DBS	33.92	36.5	Hold
01/04/23	UOB Kay Hian	DBS	33.88	45	Buy
01/05/23	phillip	DBS	34.02	41.6	Buy
01/05/23	DMG & Partners	DBS	34.02	41.1	Buy	GGM, PB1.67x
01/06/23	UOB Kay Hian	DBS	34.78	46.95	Buy	GGM, PB1.98x FY23
01/26/23	UOB Kay Hian	DBS	35.51	45.35	Buy	GGM, PB1.95x FY23
01/31/23	Kim Eng	DBS	35.68	42.69	Buy
02/06/23	phillip	DBS	35.5	41.6	Buy	GGM, PB1.88x FY23
02/13/23	Lim & Tan	DBS	36.03	40.2	Buy
02/14/23	UOB Kay Hian	DBS	35.32	45.8	Buy	GGM, PB2.03x FY23
02/14/23	DMG & Partners	DBS	35.32	42	Buy	GGM, PB1.76x
02/14/23	CIMB	DBS	35.32	35.7	Hold
02/14/23	OCBC	DBS	35.32	39	Buy
02/28/23	JPM	DBS	34.34	37	Neutral
03/08/23	DMG & Partners	DBS	33.84	42	Buy
03/10/23	Lim & Tan	DBS	33.49	39.6	Overweight
03/13/23	Kim Eng	DBS	33.18	39.12	Buy
03/13/23	Lim & Tan	DBS	33.18	0	Accumulate
03/15/23	UOB Kay Hian	DBS	32.33	42	Buy	GGM, PB1.86x FY23
03/16/23	CLSA	DBS	32.97	43.8	Buy	Up from $43.40
03/20/23	phillip	DBS	32.55	41.6	Buy

Daiwa House - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/22	DBS Vickers	Daiwa House	0.815	0.95	Buy	DCF
03/18/22	DBS Vickers	Daiwa House	0.815	0.95	Buy	DCF
05/12/22	DBS Vickers	Daiwa House	0.805	0.95	Buy
08/04/22	DBS Vickers	Daiwa House	0.75	0.88	Buy
09/22/22	DBS Vickers	Daiwa House	0.67	0.88	Buy
11/09/22	Lim & Tan	Daiwa House	0.56	0.86	Buy
11/10/22	DBS Vickers	Daiwa House	0.575	0.75	Buy
02/24/23	DBS Vickers	Daiwa House	0.635	0.8	Buy	DCF