HRnetGroup - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/28/24	DMG & Partners	HRnetGroup	0.685	0.84	Buy	PER14x FY24/25
08/13/24	Kim Eng	HRnetGroup	0.67	0.7	Hold
08/16/24	Phillip	HRnetGroup	0.655	0.82	Buy	PER11x FY24, Ex-cash
03/10/25	Phillip	HRnetGroup	0.695	0.78	Accumulate

HongKong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/24	DBS Vickers	Hongkong Land	3.43	4.05	Buy	RNAV (63% disc)
07/02/24	DBS Vickers	Hongkong Land	3.24	4.05	Buy	RNAV (63% disc)
07/17/24	CIMB	Hongkong Land	3.39	3.3	Hold	RNAV
08/05/24	DBS Vickers	Hongkong Land	3.21	3.88	Buy	RNAV (64% disc)
08/05/24	MorningStar	Hongkong Land	3.21	3.86	Buy
08/06/24	CIMB	Hongkong Land	3.25	3.21	Hold	RNAV
09/25/24	DBS Vickers	Hongkong Land	3.69	3.88	Buy	RNAV (64% disc)
10/18/24	DBS Vickers	Hongkong Land	4	3.88	Buy
10/30/24	DBS Vickers	Hongkong Land	3.89	5.34	Buy	RNAV (50% disc)
11/07/24	MorningStar	Hongkong Land	4.79	3.86	3-Star
03/10/25	Lim & Tan	Hongkong Land	4.46	4.73	Accumulate
03/10/25	DBS Vickers	Hongkong Land	4.46	5.25	Buy
03/10/25	CIMB	Hongkong Land	4.46	4.82	Hold
04/25/25	DBS Vickers	Hongkong Land	4.22	5.52	Buy
04/28/25	DBS Vickers	Hongkong Land	4.64	5.62	Buy	RNAV (46% disc)
04/28/25	CIMB	Hongkong Land	4.64	4.91	Hold	RNAV
05/23/25	Lim & Tan	Hongkong Land	5.23	0	Accumulate
05/26/25	DBS Vickers	Hongkong Land	5.27	5.62	Buy	RNAV (46% disc)

Stock calls for 4 June 2025

Date	Analyst	Company	Last	Target	Call	Valuation
06/04/25	Lim & Tan	Capitaland Investment	2.51	3.35	Accumulate
06/04/25	Lim & Tan	Cosmosteel	0.225	0.2	Hold	Offer price $0.20
06/04/25	UOB Kay Hian	Dairy Farm	2.65	3.5	Buy	PER20.3x
06/04/25	DBS Vickers	Singapore Land	2.12	2.6	Buy
06/04/25	OCBC	ST Engineering	8.01	8.54	Buy

Red alert: OECD has downgraded the US and global growth.

Besides downgrading the US growth for 2025 and 2026, the OECD has also revised down global growth to 2.9%.

Things are not looking rosy in 2025 and 2026 as stated by the OECD.