UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/17/22	DBS Vickers	UMS	1.44	1.8	Buy
02/03/22	Kim Eng	UMS	1.2	1.71	Buy
02/09/22	UOB Kay Hian	UMS	1.21	1.8	Buy	PER15.5x FY22
03/01/22	DBS Vickers	UMS	1.2	1.8	Buy
03/02/22	Lim & Tan	UMS	1.23	1.77	Buy
03/03/22	DBS Vickers	UMS	1.21	1.7	Buy	PER17x FY22
03/04/22	Kim Eng	UMS	1.21	1.42	Buy
04/04/22	SAC Capital	UMS	1.21	1.39	Hold	Cut from $1.8
04/28/22	UOB Kay Hian	UMS	1.18	1.45	Buy	PER15.4x FY22
05/11/22	DBS Vickers	UMS	1.14	1.7	Buy
05/11/22	Lim & Tan	UMS	1.14	1.52	Buy
05/12/22	Kim Eng	UMS	1.22	1.5	Buy	PER14x FY22
05/13/22	CIMB	UMS	1.16	1.63	Add	PER14.45x FY23
05/26/22	UOB Kay Hian	UMS	1.14	1.45	Buy	PER15.4x FY22
06/03/22	SAC Capital	UMS	1.17	1.55	Buy
06/30/22	DBS Vickers	UMS	1.12	1.7	Buy
07/26/22	DBS Vickers	UMS	1.16	1.7	Buy
08/15/22	DBS Vickers	UMS	1.21	1.7	Buy
08/15/22	CIMB	UMS	1.21	1.63	Add
08/16/22	UOB Kay Hian	UMS	1.24	1.4	Buy	PER11x FY23
08/16/22	DBS Vickers	UMS	1.24	1.83	Buy	PER15x FY22
08/23/22	CIMB	UMS	1.26	2.03	Add	PER14.45x FY23
08/23/22	SAC Capital	UMS	1.26	1.75	Buy
09/15/22	DBS Vickers	UMS	1.3	1.83	Buy
09/15/22	CIMB	UMS	1.3	2.17	Add	PER15x FY23
10/13/22	Kim Eng	UMS	1.17	1.2	Hold	PER8.5x
10/14/22	DBS Vickers	UMS	1.09	1.14	Hold	PER9x FY23
10/14/22	CIMB	UMS	1.09	1.37	Add
10/17/22	UOB Kay Hian	UMS	1.01	1.07	Hold	PER8.5x FY23
11/14/22	UOB Kay Hian	UMS	1.07	1.38	Buy	PER8.5x FY23
11/14/22	DBS Vickers	UMS	1.07	1.14	Hold	PER9x FY23
11/14/22	Kim Eng	UMS	1.07	1.34	Buy	PER8x FY23
11/14/22	Lim & Tan	UMS	1.07	1.2	Buy
11/15/22	DBS Vickers	UMS	1.16	1.42	Buy	PER9x FY23
01/04/23	UOB Kay Hian	UMS	1.21	1.38	Buy	PER8.5x FY23
01/09/23	Kim Eng	UMS	1.23	1.34	Buy
02/07/23	UOB Kay Hian	UMS	1.3	1.32	Hold	PER9.6x FY23
02/07/23	Kim Eng	UMS	1.3	1.33	Hold
02/17/23	DBS Vickers	UMS	1.16	1.74	Buy	PER11x FY23
03/01/23	DBS Vickers	UMS	1.08	1.53	Buy	PER10x FY23
03/02/23	UOB Kay Hian	UMS	1.07	1.1	Hold	PER9.6x FY23
03/06/23	Lim & Tan	UMS	1.02	1.25	Buy
03/08/23	Kim Eng	UMS	1.03	1.11	Hold
05/11/23	DBS Vickers	UMS	1.01	1.53	Buy
05/11/23	Lim & Tan	UMS	1.01	1.25	Buy
05/12/23	DBS Vickers	UMS	0.965	1.2	Buy	PER10x
05/16/23	Kim Eng	UMS	0.92	0.94	Hold

Stock calls for 31 May 2023

Date	Analyst	Company	Last	Target	Call	Valuation
05/31/23	Amfrasers	Fortress Minerals	0.34	0.46	outperform	DCF & EV/Resource3.6x
05/31/23	DMG & Partners	Marco Polo	0.051	0.06	Buy	DCF
05/31/23	CIMB	SATS	2.75	3.1	Add	DCF
05/31/23	Lim & Tan	SATS	2.75	3.23	Hold
05/31/23	Citi Research	SATS	2.75	2.98	Hold	PER20x FY25
05/31/23	Citi Research	Sheng Siong	1.63	1.92	Buy
05/31/23	Lim & Tan	SIA Engineering	2.42	2.63	Buy