Sembcorp Industries - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/03/24	Lim & Tan	Sembcorp Industries	5.09	7.16	Accumulate
06/03/24	OCBC	Sembcorp Industries	5.09	6.73	Buy
06/07/24	Lim & Tan	Sembcorp Industries	5.06	7	Accumulate
06/07/24	Citi Research	Sembcorp Industries	5.06	6.68	Buy
07/04/24	UOB Kay Hian	Sembcorp Industries	4.65	7.49	Buy	PER13.6x
07/12/24	CIMB	Sembcorp Industries	4.77	7.49	Add
08/07/24	DBS Vickers	Sembcorp Industries	4.45	7.35	Buy	PER14x FY24
08/07/24	CIMB	Sembcorp Industries	4.45	7.32	Add
08/12/24	phillip	Sembcorp Industries	4.75	6.27	Buy	EV/Ebitda8x FY24
08/12/24	Kim Eng	Sembcorp Industries	4.75	5.5	Buy
08/22/24	Lim & Tan	Sembcorp Industries	4.76	4.8	Accumulate
09/02/24	DBS Vickers	Sembcorp Industries	4.93	7.35	Buy	PER14x FY24
09/02/24	Lim & Tan	Sembcorp Industries	4.93	6.75	Accumulate
09/18/24	CIMB	Sembcorp Industries	5.19	7.32	Add	PER
09/19/24	Kim Eng	Sembcorp Industries	5.3	6	Buy
10/08/24	UOB Kay Hian	Sembcorp Industries	5.56	7.47	Buy
11/01/24	UOB Kay Hian	Sembcorp Industries	5.04	7.47	Buy	PER12.8x FY24
11/12/24	Kim Eng	Sembcorp Industries	5.02	6	Buy
11/15/24	CIMB	Sembcorp Industries	5.02	7.32	Add
11/15/24	Kim Eng	Sembcorp Industries	5.02	6	Buy
11/26/24	Lim & Tan	Sembcorp Industries	5.23	6.82	Accumulate
12/03/24	DBS Vickers	Sembcorp Industries	5.28	7.35	Buy	PER14x FY25
12/03/24	Lim & Tan	Sembcorp Industries	5.28	6.82	Accumulate
12/11/24	Kim Eng	Sembcorp Industries	5.67	6.2	Buy	Sum of parts
12/18/24	Lim & Tan	Sembcorp Industries	5.4	6.84	Accumulate
01/02/25	UOB Kay Hian	Sembcorp Industries	5.52	7.47	Buy	PER12.8x FY25
01/20/25	Lim & Tan	Sembcorp Industries	5.63	6.8	Accumulate
02/03/25	UOB Kay Hian	Sembcorp Industries	5.58	7.47	Buy	PER12.8x FY25
02/03/25	Lim & Tan	Sembcorp Industries	5.58	6.8	Accumulate
02/03/25	Citi Research	Sembcorp Industries	5.58	6.68	Buy	Sum of parts
02/21/25	DBS Vickers	Sembcorp Industries	5.54	7.38	Buy	PER12x FY25
02/28/25	UOB Kay Hian	Sembcorp Industries	6.03	8	Buy	PER12.6x FY25
03/03/25	DBS Vickers	Sembcorp Industries	6.09	8	Buy	PER13x FY25
03/04/25	Kim Eng	Sembcorp Industries	6.32	7.1	Buy	Sum of parts
03/06/25	phillip	Sembcorp Industries	6.35	7.1	Accumulate	EV/Ebitda8x FY25
03/13/25	Lim & Tan	Sembcorp Industries	6.05	7.25	Accumulate
03/17/25	UOB Kay Hian	Sembcorp Industries	5.96	8	Buy	PER12.6x FY25
03/17/25	CIMB	Sembcorp Industries	5.96	7.81	Add
03/19/25	Lim & Tan	Sembcorp Industries	6.2	7.3	Accumulate
04/02/25	DBS Vickers	Sembcorp Industries	6.42	8	Buy	PER13x FY25
04/02/25	Lim & Tan	Sembcorp Industries	6.42	7.3	Accumulate
04/03/25	CIMB	Sembcorp Industries	6.58	8.14	Add	PER
05/26/25	Lim & Tan	Sembcorp Industries	6.56	7.46	Accumulate on weakness
06/06/25	UOB Kay Hian	Sembcorp Industries	6.65	8	Buy	PER12.6x FY25
06/16/25	Lim & Tan	Sembcorp Industries	6.89	7.79	Accumulate on weakness
06/30/25	phillip	Sembcorp Industries	6.83	8.1	Buy	EV/Ebitda9x FY25

Seatrium - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/24	DBS Vickers	Seatrium	1.78	3	Buy
06/06/24	CIMB	Seatrium	1.72	2.62	Add
06/10/24	Lim & Tan	Seatrium	1.7	2.83	Accumulate
06/18/24	Citi Research	Seatrium	1.67	1.96	Buy
06/26/24	UOB Kay Hian	Seatrium	1.49	2.35	Buy	PB
07/15/24	DBS Vickers	Seatrium	1.48	3	Buy	PB1.5x FY24
07/23/24	Lim & Tan	Seatrium	1.45	2.71	Accumulate
08/05/24	DBS Vickers	Seatrium	1.49	3	Buy
08/05/24	UOB Kay Hian	Seatrium	1.49	2.31	Buy
08/05/24	Lim & Tan	Seatrium	1.49	2.66	Accumulate
09/04/24	CIMB	Seatrium	1.57	2.69	Add
09/09/24	UOB Kay Hian	Seatrium	1.56	2.31	Buy	PB
09/24/24	DBS Vickers	Seatrium	1.72	3	Buy
10/04/24	Lim & Tan	Seatrium	1.77	2.57	Overweight
10/08/24	DBS Vickers	Seatrium	2.1	3	Buy
10/22/24	Lim & Tan	Seatrium	1.97	0	Hold
11/01/24	UOB Kay Hian	Seatrium	1.9	2.8	Buy	PB1.4x
11/11/24	Lim & Tan	Seatrium	2	0	Hold
11/19/24	CIMB	Seatrium	1.84	2.69	Add
11/25/24	DBS Vickers	Seatrium	1.91	3	Buy
12/24/24	Lim & Tan	Seatrium	1.93	0	Hold
12/24/24	DBS Vickers	Seatrium	1.93	3	Buy
01/02/25	UOB Kay Hian	Seatrium	2.07	2.8	Buy	PB1.4x
01/02/25	OCBC	Seatrium	2.07	2.64	Buy
01/21/25	CIMB	Seatrium	2.23	2.9	Add
01/28/25	DBS Vickers	Seatrium	2.22	3	Buy
01/28/25	Lim & Tan	Seatrium	2.22	0	Hold
02/03/25	UOB Kay Hian	Seatrium	2.23	2.8	Buy	PB1.4x
02/14/25	Lim & Tan	Seatrium	2.55	0	Hold
02/14/25	CIMB	Seatrium	2.55	2.9	Add
02/18/25	OCBC	Seatrium	2.57	2.82	Buy
02/20/25	DBS Vickers	Seatrium	2.55	3	Buy
02/21/25	Lim & Tan	Seatrium	2.5	0	Sell
02/24/25	UOB Kay Hian	Seatrium	2.38	2.96	Buy	PB1.5x
02/24/25	CIMB	Seatrium	2.38	2.8	Add	PB
03/04/25	UOB Kay Hian	Seatrium	2.15	2.96	Buy	PB1.5x
04/10/25	DBS Vickers	Seatrium	1.68	3	Buy
05/07/25	UOB Kay Hian	Seatrium	1.92	2.96	Buy	PB1.5x
05/29/25	DBS Vickers	Seatrium	2.06	3	Buy
05/29/25	Lim & Tan	Seatrium	2.06	2.72	Accumulate on weakness
05/29/25	OCBC	Seatrium	2.06	2.76	Buy
05/30/25	CIMB	Seatrium	2.07	2.8	Add
06/02/25	UOB Kay Hian	Seatrium	2.05	2.96	Buy	PB1.5x
06/02/25	MorningStar	Seatrium	2.05	2.92	4-Star

SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/04/24	DBS Vickers	SATS	2.84	3.6	Buy	EV/Ebitda8.3x FY25
06/04/24	Citi Research	SATS	2.84	3.01	Buy
06/04/24	UOB Kay Hian	SATS	2.84	3.22	Buy
06/04/24	OCBC	SATS	2.84	3.31	Buy
06/04/24	phillip	SATS	2.84	2.66	Reduce
07/08/24	DBS Vickers	SATS	2.95	3.6	Buy	EV/Ebitda8.3x FY25
07/18/24	Lim & Tan	SATS	3.27	3.41	Hold
07/18/24	Citi Research	SATS	3.27	3.76	Buy	PER20x FY25/26
07/19/24	Lim & Tan	SATS	3.26	3.4	Hold	PER20x FY25/26
07/31/24	CIMB	SATS	3.17	4.1	Add	DCF
08/21/24	DBS Vickers	SATS	3.22	3.6	Buy	EV/Ebitda8.3x FY25
08/21/24	Citi Research	SATS	3.22	3.76	Buy
08/22/24	UOB Kay Hian	SATS	3.59	4	Buy
08/23/24	phillip	SATS	3.5	3.45	Neutral	DCF
08/23/24	DBS Vickers	SATS	3.5	4.1	Buy	EV/Ebitda8.4x FY25/26
09/05/24	phillip	SATS	3.61	4.37	Buy	DCF
10/25/24	Citi Research	SATS	3.74	4.25	Buy
11/08/24	DBS Vickers	SATS	3.98	4.1	Buy
11/11/24	UOB Kay Hian	SATS	3.85	4.3	Buy	PER18.4x FY27
11/11/24	phillip	SATS	3.85	4.62	Buy	DCF
11/11/24	DBS Vickers	SATS	3.85	4.4	Buy	EV/Ebitda8.3x FY25/26
11/26/24	Lim & Tan	SATS	3.86	0	Hold
12/03/24	DBS Vickers	SATS	3.75	4.4	Buy	EV/Ebitda8.3x FY25/26
12/03/24	OCBC	SATS	3.75	4.38	Buy
01/02/25	UOB Kay Hian	SATS	3.64	4.3	Buy	PER18.4x FY27
01/03/25	phillip	SATS	3.64	4.62	Buy	DCF
01/10/25	DBS Vickers	SATS	3.62	4.4	Buy	EV/Ebitda8.3x FY25/26
01/10/25	Lim & Tan	SATS	3.62	4.38	Hold
02/04/25	UOB Kay Hian	SATS	3.35	4	Buy	PER18.4x FY27
02/19/25	phillip	SATS	3.35	4.62	Buy	DCF
02/24/25	UOB Kay Hian	SATS	3.3	3.86	Buy	PER18.4x FY27
02/24/25	phillip	SATS	3.3	4.34	Buy	DCF
02/24/25	DBS Vickers	SATS	3.3	4	Buy	EV/Ebitda8.3x FY25/26
02/24/25	OCBC	SATS	3.3	4.11	Buy
03/19/25	phillip	SATS	3.07	4.34	Buy	DCF
03/19/25	OCBC	SATS	3.07	3.93	Buy
03/21/25	DBS Vickers	SATS	3.04	4	Buy	EV/Ebitda8.3x FY25/26
04/09/25	UOB Kay Hian	SATS	2.65	2.89	Hold	PER16.8x FY27
04/10/25	DBS Vickers	SATS	2.46	4	Buy	EV/Ebitda8.3x FY25/26
04/10/25	CIMB	SATS	2.46	3.05	Add	DCF
04/16/25	phillip	SATS	2.67	4.34	Buy	DCF
04/16/25	Lim & Tan	SATS	2.67	3.85	Accumulate
05/19/25	phillip	SATS	2.99	4.34	Buy	DCF
05/26/25	UOB Kay Hian	SATS	2.98	3.22	Buy	PER16.8x FY27
05/26/25	phillip	SATS	2.98	3.58	Buy	DCF
05/26/25	DBS Vickers	SATS	2.98	4	Buy