Keppel Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/30/02	DBS Vickers	Keppel Reit	0.95	1.1	Buy	DCF
06/04/24	UOB Kay Hian	Keppel Reit	0.855	1.2	Buy	DDM
06/26/24	DMG & Partners	Keppel Reit	0.84	1.08	Buy
07/02/24	UOB Kay Hian	Keppel Reit	0.84	1.15	Buy	DDM
07/25/24	DBS Vickers	Keppel Reit	0.875	1.15	Buy
07/25/24	DMG & Partners	Keppel Reit	0.875	1.08	Buy
07/29/24	Kim Eng	Keppel Reit	0.875	1	Buy
07/31/24	CIMB	Keppel Reit	0.885	1.15	Add	DDM
07/31/24	DMG & Partners	Keppel Reit	0.885	1.05	Buy	DDM
08/01/24	Lim & Tan	Keppel Reit	0.875	1.01	Accumulate
08/05/24	Kim Eng	Keppel Reit	0.88	1	Buy	DDM
08/05/24	OCBC	Keppel Reit	0.88	0.98	Buy
08/22/24	UOB Kay Hian	Keppel Reit	0.855	1.15	Buy	DDM
08/30/24	DMG & Partners	Keppel Reit	0.885	1.05	Buy	DDM
09/11/24	Lim & Tan	Keppel Reit	0.925	1.02	Accumulate
10/02/24	DMG & Partners	Keppel Reit	0.96	1.05	Buy	DDM
10/22/24	DBS Vickers	Keppel Reit	0.94	1.15	Buy
10/22/24	Lim & Tan	Keppel Reit	0.94	1.02	Accumulate
10/23/24	UOB Kay Hian	Keppel Reit	0.925	1.25	Buy	DDM
10/23/24	Kim Eng	Keppel Reit	0.925	1.05	Buy
10/23/24	CIMB	Keppel Reit	0.925	1.15	Add
10/23/24	Citi Research	Keppel Reit	0.925	0.9	Hold
11/04/24	DBS Vickers	Keppel Reit	0.895	1.15	Buy
12/16/24	DMG & Partners	Keppel Reit	0.855	1.05	Buy	DDM
01/02/25	UOB Kay Hian	Keppel Reit	0.87	1.25	Buy	DDM
01/10/25	DMG & Partners	Keppel Reit	0.875	1.05	Buy	DDM
01/28/25	Lim & Tan	Keppel Reit	0.86	1.02	Accumulate
01/28/25	CIMB	Keppel Reit	0.86	1.09	Add
01/31/25	UOB Kay Hian	Keppel Reit	0.86	1.06	Buy	DDM
02/03/25	DMG & Partners	Keppel Reit	0.855	1.05	Buy	DDM
03/06/25	UOB Kay Hian	Keppel Reit	0.815	1.06	Buy	DDM
03/17/25	DBS Vickers	Keppel Reit	0.86	1.1	Buy
04/01/25	UOB Kay Hian	Keppel Reit	0.86	1.06	Buy	DDM
04/23/25	DBS Vickers	Keppel Reit	0.83	1.1	Buy
04/23/25	Lim & Tan	Keppel Reit	0.83	1	Accumulate
04/24/25	DMG & Partners	Keppel Reit	0.845	1.05	Buy
05/21/25	UOB Kay Hian	Keppel Reit	0.855	1.06	Buy	DDM
06/27/25	UOB Kay Hian	Keppel Reit	0.885	1.18	Buy	DDM
07/31/25	UOB Kay Hian	Keppel Reit	0.97	1.18	Buy	DDM
07/31/25	CIMB	Keppel Reit	0.97	1.08	Add	DDM
08/06/25	DMG & Partners	Keppel Reit	0.94	1.05	Buy	DDM
08/25/25	UOB Kay Hian	Keppel Reit	0.965	1.18	Buy	DDM
09/30/25	UOB Kay Hian	Keppel Reit	1.01	1.18	Buy	DDM
10/09/25	UOB Kay Hian	Keppel Reit	1.03	1.2	Buy	DDM
10/09/25	Lim & Tan	Keppel Reit	1.03	1.03	Accumulate on weakness
10/09/25	DMG & Partners	Keppel Reit	1.03	1.05	Neutral	DDM
10/28/25	JPM	Keppel Reit	1.03	1.18	Overweight
10/30/25	CIMB	Keppel Reit	1.08	1.2	Add	DDM
11/03/25	UOB Kay Hian	Keppel Reit	1.05	1.2	Buy	DDM

Keppel Pacific - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/26/24	DMG & Partners	Keppel Pacific	0.136	0.29	Buy
08/01/24	UOB Kay Hian	Keppel Pacific	0.2	0.34	Buy	DDM
08/01/24	DMG & Partners	Keppel Pacific	0.2	0.29	Buy	DDM
10/08/24	UOB Kay Hian	Keppel Pacific	0.225	0.39	Buy	DDM
10/23/24	DBS Vickers	Keppel Pacific	0.265	0.21	Hold	PB0.3x
10/25/24	UOB Kay Hian	Keppel Pacific	0.265	0.38	Buy	DDM
01/10/25	DMG & Partners	Keppel Pacific	0.2	0.29	Buy	DDM
01/13/25	UOB Kay Hian	Keppel Pacific	0.2	0.32	Buy	DDM
02/05/25	UOB Kay Hian	Keppel Pacific	0.24	0.33	Buy	DDM
02/05/25	DMG & Partners	Keppel Pacific	0.24	0.29	Buy	DDM
02/07/25	DBS Vickers	Keppel Pacific	0.24	0.28	Hold	PB0.4x
03/06/25	UOB Kay Hian	Keppel Pacific	0.22	0.33	Buy	DDM
03/27/25	DBS Vickers	Keppel Pacific	0.215	0.28	Hold	PB0.4x
04/02/25	UOB Kay Hian	Keppel Pacific	0.2	0.24	Buy	DDM
04/22/25	DMG & Partners	Keppel Pacific	0.179	0.19	Neutral	DDM
07/30/25	UOB Kay Hian	Keppel Pacific	0.22	0.24	Buy	DDM
09/10/25	UOB Kay Hian	Keppel Pacific	0.25	0.26	Hold	DDM
11/05/25	UOB Kay Hian	Keppel Pacific	0.235	0.29	Buy	DDM
11/12/25	DBS Vickers	Keppel Pacific	0.225	0.4	Buy	DCF

Keppel Infrastructure - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/13/24	OCBC	Keppel Infrastructure	0.45	0.55	Buy
09/06/24	OCBC	Keppel Infrastructure	0.45	0.51	Buy
09/09/24	DBS Vickers	Keppel Infrastructure	0.455	0.57	Buy	DDM
10/23/24	DBS Vickers	Keppel Infrastructure	0.47	0.57	Buy	DDM
11/20/24	OCBC	Keppel Infrastructure	0.445	0.51	Buy
12/19/24	DBS Vickers	Keppel Infrastructure	0.445	0.57	Buy	DDM
01/06/25	DBS Vickers	Keppel Infrastructure	0.445	0.57	Buy	DDM
02/04/25	Lim & Tan	Keppel Infrastructure	0.455	0.5	Hold
04/02/25	OCBC	Keppel Infrastructure	0.42	0.5	Buy
04/24/25	DBS Vickers	Keppel Infrastructure	0.405	0.45	Hold	DDM
06/30/25	CIMB	Keppel Infrastructure	0.395	0.45	Add
07/30/25	DBS Vickers	Keppel Infrastructure	0.44	0.45	Hold	DDM
07/30/25	OCBC	Keppel Infrastructure	0.44	0.53	Buy
09/23/25	Lim & Tan	Keppel Infrastructure	0.46	0.48	Accumulate on weakness
10/29/25	CIMB	Keppel Infrastructure	0.47	0.5	Add	P/FFO

Stock calls for 17 November 2025

Date	Analyst	Company	Last	Target	Call	Valuation
11/17/25	Phillip	Centurion	1.38	1.81	Buy	Sum of parts
11/17/25	Lim & Tan	Centurion	1.38	1.82	Accumulate
11/17/25	phillip	Comfortdelgro	1.46	1.62	Accumulate	DCF
11/17/25	DBS Vickers	Delfi	0.82	0.8	Hold	PER12x FY26
11/17/25	UOB Kay Hian	First Resources	2.05	2.3	Buy	PER10x FY26
11/17/25	CIMB	Food Empire	2.56	3.18	Add
11/17/25	DBS Vickers	Frasers Property	1.05	1.26	Buy
11/17/25	DBS Vickers	Frencken	1.54	2.03	Buy	PER20x FY25/26
11/17/25	UOB Kay Hian	Marco Polo	0.107	0.138	Buy	PER16x FY26
11/17/25	Kim Eng	Sanli Env	0.315	0.5	Buy	PER
11/17/25	CIMB	Sasseur	0.675	0.9	Add	DDM
11/17/25	UOB Kay Hian	SATS	3.47	4.2	Buy	PER19.7x FY27
11/17/25	UOB Kay Hian	SIA	6.52	6.1	Sell	PB1.17x FY27
11/17/25	Phillip	Singtel	4.86	5.35	Accumulate
11/17/25	Phillip	Starhub	1.15	1.05	Neutral
11/17/25	DBS Vickers	Starhub	1.15	1.19	Hold	Sum of parts
11/17/25	phillip	Valuetronics	0.87	0.96	Buy	PER13x FY26
11/17/25	Phillip	Venture	14.56	13	Neutral	PER15x

Baltic dry index - 2125

Related stock:Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 549

Related stock: Seatrium & Cosco.