City Developments - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/24	DBS Vickers	City Developments	5.63	10.5	Buy	RNAV (35% disc)
06/11/24	DMG & Partners	City Developments	5.4	7.3	Buy	RNAV (50% disc)
06/26/24	Citi Research	City Developments	5.34	9.51	Buy
07/16/24	CIMB	City Developments	5.5	8.97	Add	RNAV
08/06/24	OCBC	City Developments	5.13	6.75	Buy	RNAV (45% disc)
08/14/24	Lim & Tan	City Developments	5.22	7.4	Accumulate	RNAV (at least $17.17)
08/15/24	UOB Kay Hian	City Developments	5.21	7	Buy	RNAV
08/15/24	DMG & Partners	City Developments	5.21	7.3	Buy	RNAV (50% disc)
08/19/24	phillip	City Developments	5.08	6.87	Buy	RNAV (45% disc)
09/17/24	CIMB	City Developments	5.45	8.97	Add	RNAV
09/26/24	DMG & Partners	City Developments	5.31	7.3	Buy	RNAV (50% disc)
10/14/24	DBS Vickers	City Developments	5.24	10.5	Buy	RNAV (35% disc)
10/15/24	DMG & Partners	City Developments	5.24	7.3	Buy	RNAV (50% disc)
10/16/24	CIMB	City Developments	5.17	8.97	Add	RNAV
11/25/24	Lim & Tan	City Developments	5.14	8	Buy
11/26/24	phillip	City Developments	5.26	6.87	Buy	RNAV (45% disc)
11/27/24	DMG & Partners	City Developments	5.2	7.3	Buy	RNAV (50% disc)
11/29/24	Citi Research	City Developments	5.21	9.51	Buy
12/04/24	UOB Kay Hian	City Developments	5.29	8	Buy
12/04/24	JPM	City Developments	5.29	6.05	Equal-weight
01/17/25	Lim & Tan	City Developments	5.05	6.98	Buy
01/17/25	DMG & Partners	City Developments	5.05	7.3	Buy	RNAV (50% disc)
02/27/25	UOB Kay Hian	City Developments	5.12	4.6	Hold	PB0.72x
02/27/25	DBS Vickers	City Developments	5.12	6.7	Buy	RNAV (60% disc)
02/27/25	Lim & Tan	City Developments	5.12	6.76	Accumulate on weakness
03/03/25	DMG & Partners	City Developments	5.12	4.75	Neutral
03/03/25	Citi Research	City Developments	5.12	9.51	Buy	RNAV (40% disc)
03/03/25	OCBC	City Developments	5.12	6.02	Buy	RNAV (60% disc)
03/03/25	JPM	City Developments	5.12	4.85	Equal-weight	RNAV (60% disc)
03/17/25	phillip	City Developments	5.05	6.02	Buy	RNAV (45% disc)
05/21/25	Lim & Tan	City Developments	4.73	5.91	Accumulate
05/21/25	DMG & Partners	City Developments	4.73	4.7	Neutral
05/22/25	phillip	City Developments	4.79	6.02	Buy	RNAV (45% disc)
05/22/25	CIMB	City Developments	4.79	8.97	Add	RNAV
06/05/25	UOB Kay Hian	City Developments	4.99	4.6	Hold	PB0.72x
06/05/25	Lim & Tan	City Developments	4.99	5.91	Accumulate
06/09/25	DMG & Partners	City Developments	5.25	4.9	Neutral
06/23/25	DBS Vickers	City Developments	4.99	6.7	Buy	RNAV (60% disc)
07/02/25	CIMB	City Developments	5.24	8.97	Add	RNAV
07/16/25	JPM	City Developments	5.57	6.85	Overweight
07/18/25	Citi Research	City Developments	5.87	9.01	Buy
07/25/25	OCBC	City Developments	6.2	6.01	Hold

Stock calls for 29 July 2025

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/25	DBS Vickers	ART	0.905	1.15	Buy	DCF
07/29/25	Lim & Tan	ART	0.905	1.11	Accumulate
07/29/25	DBS Vickers	ESR-Reit	2.64	3.1	Buy	DCF
07/29/25	DBS Vickers	Haw Par	13.55	23.5	Buy	Sum of parts (20% disc)
07/29/25	DBS Vickers	Hotel Properties	5.21	5	Hold	RNAV (50% disc)
07/29/25	UOB Kay Hian	Ifast Corp	8.17	9.92	Buy	PER29x FY26
07/29/25	DBS Vickers	Ifast Corp	8.17	10	Buy	Sum of parts & DCF
07/29/25	DBS Vickers	Mapletree Industrial	2.07	2.6	Buy	DCF
07/29/25	UOB Kay Hian	Raffles Medical	1.07	1.25	Buy	PER31x FY25
07/29/25	DBS Vickers	Raffles Medical	1.07	1.32	Buy	PER30x FY26
07/29/25	Kim Eng	SIA	7.6	6.75	Sell
07/29/25	CIMB	SIA	7.6	6.8	Reduce
07/29/25	DBS Vickers	SIA	7.6	6.4	Hold	EV/Ebitda5x FY26
07/29/25	Lim & Tan	SIA	7.6	6.85	Hold
07/29/25	Citi Research	SIA	7.6	6.15	Sell	PB1.15x FY26

China Sunsine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/07/24	UOB Kay Hian	China Sunsine	0.48	0.58	Buy	PER7.5x FY25
11/01/24	UOB Kay Hian	China Sunsine	0.455	0.58	Buy	PER7.5x FY25
11/18/24	CIMB	China Sunsine	0.44	0.47	Add
01/02/25	UOB Kay Hian	China Sunsine	0.445	0.58	Buy	PER7.5x FY25
03/04/25	UOB Kay Hian	China Sunsine	0.48	0.58	Buy	PER7.5x FY25
03/26/25	UOB Kay Hian	China Sunsine	0.52	0.63	Buy	PER7.5x FY25
04/10/25	UOB Kay Hian	China Sunsine	0.5	0.63	Buy	PER7.5x FY25
05/27/25	UOB Kay Hian	China Sunsine	0.57	0.63	Buy	PER7.5x FY25
06/03/25	UOB Kay Hian	China Sunsine	0.55	0.63	Buy	PER7.5x FY25
07/02/25	UOB Kay Hian	China Sunsine	0.55	0.63	Buy	PER7.5x FY25

China Aviation Oil - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/11/24	Lim & Tan	China Aviation Oil	0.865	1.24	Buy	PER11x FY24
06/11/24	CIMB	China Aviation Oil	0.865	1.16	Add
08/13/24	Lim & Tan	China Aviation Oil	0.87	1.24	Buy	PER11x FY24
08/19/24	OCBC	China Aviation Oil	0.875	1.1	Buy
08/21/24	Phillip	China Aviation Oil	0.85	1.05	Buy	DCF
08/23/24	CIMB	China Aviation Oil	0.87	1.2	Add	PER9.5x FY24
01/03/25	Phillip	China Aviation Oil	0.92	1.05	Buy	DCF
02/19/25	Phillip	China Aviation Oil	0.925	1.05	Buy	DCF
03/07/25	Phillip	China Aviation Oil	0.86	0.85	Neutral	DCF
03/07/25	OCBC	China Aviation Oil	0.86	1.1	Buy
03/10/25	Lim & Tan	China Aviation Oil	0.865	1	Accumulate
04/16/25	Phillip	China Aviation Oil	0.83	0.85	Neutral	DCF
05/30/25	Phillip	China Aviation Oil	0.83	0.9	Accumulate	DCF
07/08/25	Lim & Tan	China Aviation Oil	0.915	0	Accumulate
07/16/25	Phillip	China Aviation Oil	0.976	0.9	Accumulate	DCF

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/24/24	Lim & Tan	Centurion	0.575	0.66	Accumulate
07/05/24	Lim & Tan	Centurion	0.585	0.66	Accumulate
07/25/24	DMG & Partners	Centurion	0.625	0.69	Buy
08/13/24	Lim & Tan	Centurion	0.64	0.66	Accumulate
08/16/24	CIMB	Centurion	0.655	0.78	Add
08/19/24	UOB Kay Hian	Centurion	0.655	0.85	Buy	PER7x FY24
08/19/24	DMG & Partners	Centurion	0.655	0.76	Buy	PER7.5x FY24/25
08/30/24	Lim & Tan	Centurion	0.74	0.83	Accumulate	PER7.1x FY25
09/10/24	Lim & Tan	Centurion	0.7	0.83	Accumulate	PER7.1x FY25
09/23/24	Phillip	Centurion	0.795	0.9	Accumulate	DCF
09/26/24	Amfrasers	Centurion	0.79	0.85	Buy	DCF
10/14/24	DMG & Partners	Centurion	0.835	1.06	Buy	PER9x FY25
10/17/24	Lim & Tan	Centurion	0.855	0	Accumulate on weakness
11/14/24	Phillip	Centurion	0.915	1.02	Accumulate	DCF
11/14/24	Lim & Tan	Centurion	0.915	0	Accumulate on weakness
11/27/24	UOB Kay Hian	Centurion	0.95	1.11	Buy	PER8.7x FY25
11/28/24	CIMB	Centurion	0.97	1	Add
12/02/24	Phillip	Centurion	0.94	1.02	Accumulate	DCF
01/02/25	UOB Kay Hian	Centurion	0.96	1.11	Buy	PER8.7x FY25
01/08/25	Lim & Tan	Centurion	0.96	1.05	Accumulate on weakness
02/04/25	DMG & Partners	Centurion	0.99	1.16	Buy
03/04/25	UOB Kay Hian	Centurion	1.02	1.11	Buy	PER8.7x FY25
03/06/25	UOB Kay Hian	Centurion	1.01	1.16	Buy	PER8.7x FY25
03/07/25	Phillip	Centurion	1.08	1.22	Accumulate	DCF
03/12/25	Lim & Tan	Centurion	1	1.2	Accumulate
04/01/25	Kim Eng	Centurion	1.25	1.45	Buy
04/04/25	Lim & Tan	Centurion	1.23	1.45	Accumulate on weakness
04/08/25	UOB Kay Hian	Centurion	1.07	1.16	Buy	PER8.7x FY25
04/11/25	Amfrasers	Centurion	1.13	1.38	Outperform	DCF
04/14/25	UOB Kay Hian	Centurion	1.12	1.48	Buy	PER10.6x FY25
04/24/25	DMG & Partners	Centurion	1.18	1.17	Buy
04/30/25	DMG & Partners	Centurion	1.22	1.43	Buy
05/15/25	Lim & Tan	Centurion	1.25	1.45	Accumulate
05/16/25	CIMB	Centurion	1.26	1.46	Add	RNAV
05/21/25	Phillip	Centurion	1.34	1.45	Accumulate	DCF & EV/Ebitda9.2x FY25
05/27/25	UOB Kay Hian	Centurion	1.34	1.48	Buy	PER10.6x FY25
05/27/25	DMG & Partners	Centurion	1.34	1.5	Buy	PER
05/29/25	DBS Vickers	Centurion	1.42	1.72	Buy	RNAV (20% disc)
06/12/25	Lim & Tan	Centurion	1.53	0	Accumulate on weakness
06/24/25	UOB Kay Hian	Centurion	1.55	1.7	Buy	PER13.3x FY25
07/15/25	Lim & Tan	Centurion	1.75	1.7	Accumulate on weakness
07/21/25	Phillip	Centurion	1.73	1.88	Accumulate	Sum of parts
07/22/25	CIMB	Centurion	1.61	2.05	Add
07/24/25	DMG & Partners	Centurion	1.7	2.01	Buy	Sum of parts