Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/12/25	DBS Vickers	Wilmar	2.97	3.8	Buy	PER12.1x FY25
08/13/25	UOB Kay Hian	Wilmar	2.97	3.45	Buy	Sum of parts
08/13/25	CIMB	Wilmar	2.97	2.7	Reduce
09/02/25	DBS Vickers	Wilmar	2.96	3	Hold	PER11.7x FY26
09/26/25	Lim & Tan	Wilmar	2.89	0	Avoid
09/26/25	DMG & Partners	Wilmar	2.89	2.5	Sell	Sum of parts
09/29/25	CIMB	Wilmar	2.85	2.7	Reduce
10/09/25	CIMB	Wilmar	2.89	3.3	Add	PER
10/21/25	Lim & Tan	Wilmar	2.95	3	Avoid
10/31/25	UOB Kay Hian	Wilmar	3.12	3.5	Buy	Sum of parts
10/31/25	DBS Vickers	Wilmar	3.12	3	Hold	PER11.7x FY26
11/03/25	CIMB	Wilmar	3.13	3.6	Add
11/03/25	DMG & Partners	Wilmar	3.13	3	Neutral	Sum of parts
11/14/25	OCBC	Wilmar	3.36	3.58	Buy
11/14/25	Kim Eng	Wilmar	3.36	3.12	Hold	DCF
01/08/26	Aletheia Capital	Wilmar	3.09	2.5	Sell	Cut from $3.49
02/03/26	UOB Kay Hian	Wilmar	3.4	3.5	Buy	Sum of parts
02/27/26	DBS Vickers	Wilmar	3.5	3	Hold	PER11.7x FY26
03/02/26	CIMB	Wilmar	3.52	3.6	Hold	PER
03/02/26	OCBC	Wilmar	3.52	3.97	Buy
03/02/26	DMG & Partners	Wilmar	3.52	3.45	Neutral
03/10/26	Kim Eng	Wilmar	3.53	3.85	Buy	DCF
03/10/26	DBS Vickers	Wilmar	3.9	3	Hold	PER11.7x FY26
04/30/26	DBS Vickers	Wilmar	3.83	3.6	Hold	PER12.2x FY26
04/30/26	DMG & Partners	Wilmar	3.83	3.55	Neutral
08/13/26	UOB Kay Hian	Wilmar	3.94	3.5	Hold	Sum of parts
08/13/26	DBS Vickers	Wilmar	3.94	3.6	Hold	PER12.2x FY26
08/14/26	CIMB	Wilmar	3.71	3.6	Hold	PER
08/14/26	DMG & Partners	Wilmar	3.71	3.85	Neutral
08/18/26	Aletheia Capital	Wilmar	3.67	5	Buy
09/25/26	UOB Kay Hian	Wilmar	3.65	3.8	Hold	Sum of parts, PER11.5x FY27

Wee Hur - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/06/25	CIMB	Wee Hur	0.695	0.91	Add
08/25/25	phillip	Wee Hur	0.715	0.9	Buy	Sum of parts
10/31/25	phillip	Wee Hur	0.725	0.9	Buy	Sum of parts
11/26/25	CIMB	Wee Hur	0.685	0.95	Add
03/04/26	CIMB	Wee Hur	0.76	0.95	Add	Sum of parts
03/16/26	phillip	Wee Hur	0.675	1.08	Buy	Sum of parts
04/10/26	DBS Vickers	Wee Hur	0.68	0.9	Buy	Sum of parts
05/06/26	phillip	Wee Hur	0.735	1.08	Buy	Sum of parts
06/09/26	Lim & Tan	Wee Hur	0.63	0.9	Accumulate on weakness
06/10/26	UOB Kay Hian	Wee Hur	0.64	0.9	Buy	Sum of parts
06/30/26	CIMB	Wee Hur	0.655	0.95	Add	Sum of parts
07/16/26	CIMB	Wee Hur	0.66	0.95	Add	Sum of parts
08/17/26	DBS Vickers	Wee Hur	0.66	0.9	Buy	Sum of parts (15% disc)
08/19/26	CIMB	Wee Hur	0.675	0.95	Add	Sum of parts
08/24/26	phillip	Wee Hur	0.64	1.08	Buy	Sum of parts
09/29/26	DBS Vickers	Wee Hur	0.625	0.9	Buy	Sum of parts (15% disc)

Stock calls for 6 October 2026

Date	Analyst	Company	Last	Target	Call	Valuation
10/06/26	UOB Kay Hian	ART	0.83	0.99	Buy	DDM
10/06/26	Phillip	Avepoint	17.98	20	Accumulate	DCF
10/06/26	DBS Vickers	China Aviation Oil	1.32	2.2	Buy	PER13x FY27
10/06/26	Lim & Tan	Civmec	1.52	1.84	Accumulate on weakness
10/06/26	OCBC	EGP Energy	0.74	1.05	Buy	PER
10/06/26	Lim & Tan	Geo Energy	0.6	0.79	Buy
10/06/26	DBS Vickers	SATS	3.74	5	Buy	DCF
10/06/26	DBS Vickers	SIA	6.66	7.7	Hold	EV/Ebitda5x FY27
10/06/26	DBS Vickers	SIA Engineering	3.13	3.8	Buy	PER21x FY27 & DCF
10/06/26	DBS Vickers	ST Engineering	11.23	12.4	Buy	PER28x FY27 & DCF

Baltic dry index - 3070

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 598

 
Related stock: Seatrium & Cosco.

Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	UOB Kay Hian	Venture	12.7	12.01	Hold	PER15.3x FY25
08/07/25	UOB Kay Hian	Venture	12.72	14.35	Buy	PER17.7x FY26
08/07/25	Phillip	Venture	12.72	11.3	Neutral	PER14x FY25
08/07/25	DBS Vickers	Venture	12.72	13.6	Hold	PER16x FY25/26
08/07/25	CIMB	Venture	12.72	13.45	Add	PER
08/07/25	Citi Research	Venture	12.72	11.8	Neutral	DCF
08/26/25	DMG & Partners	Venture	13.51	15	Buy	PER18x FY25/26
11/14/25	UOB Kay Hian	Venture	15.06	17.43	Buy	PER21.5x FY26
11/14/25	DBS Vickers	Venture	15.06	15.3	Hold	PER18x FY26
11/14/25	CIMB	Venture	15.06	14.75	Hold
11/14/25	Phillip	Venture	15.06	11.8	Hold
11/17/25	Phillip	Venture	14.56	13	Neutral	PER15x
11/26/25	DMG & Partners	Venture	14.99	16.66	Buy
02/27/26	DBS Vickers	Venture	16.9	17.9	Buy	PER21x FY26
02/27/26	Kim Eng	Venture	16.9	18.1	Buy	PER
03/02/26	Phillip	Venture	15.63	16.8	Accumulate	PER19x
03/02/26	CIMB	Venture	15.63	17.04	Add
03/12/26	DBS Vickers	Venture	15.66	17.9	Buy	PER21x FY26
04/23/26	DMG & Partners	Venture	16.56	17.42	Buy
05/04/26	CIMB	Venture	16.2	21.78	Add
05/06/26	UOB Kay Hian	Venture	16.48	20.65	Buy	PER23.7x FY27
05/06/26	DBS Vickers	Venture	16.48	21.8	Buy	PER24x FY27
05/06/26	Kim Eng	Venture	16.48	21.4	Buy	PER
05/08/26	Phillip	Venture	18.65	22.1	Buy	PER25x FY26
06/03/26	UOB Kay Hian	Venture	18.36	20.65	Buy	PER23.7x FY27
07/15/26	DMG & Partners	Venture	16.57	21.81	Buy
07/17/26	UOB Kay Hian	Venture	16.38	20.65	Buy	PER23.7x FY27
08/04/26	UOB Kay Hian	Venture	16.01	20.65	Buy	PER23.7x FY27
08/07/26	UOB Kay Hian	Venture	16.21	21.1	Buy	PER23.7x FY27
08/07/26	DBS Vickers	Venture	16.21	21.8	Buy	PER24x FY27
08/07/26	CIMB	Venture	16.21	21.78	Add	PER
08/11/26	DMG & Partners	Venture	17.19	20.78	Buy
09/01/26	UOB Kay Hian	Venture	16.88	21.1	Buy	PER23.7x FY27
09/14/26	DBS Vickers	Venture	16.67	22.9	Buy	PER24x FY27
09/18/26	CIMB	Venture	16.89	18.94	Add	PER
10/02/26	UOB Kay Hian	Venture	16.39	21.1	Buy	PER23.7x FY27
10/02/26	UBS	Venture	16.39	17.8	Neutral	Up from $15 (Buy)

Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	UOB Kay Hian	Valuetronics	0.79	0.83	Buy	PER11x FY26
11/14/25	UOB Kay Hian	Valuetronics	0.88	1.03	Buy	PER13x FY27
11/17/25	phillip	Valuetronics	0.87	0.96	Buy	PER13x FY26
12/11/25	UOB Kay Hian	Valuetronics	0.865	1.03	Buy	PER13x FY27
01/05/26	UOB Kay Hian	Valuetronics	0.86	1.03	Buy	PER13x FY27
02/02/26	UOB Kay Hian	Valuetronics	0.875	1.03	Buy	PER13x FY27
03/10/26	UOB Kay Hian	Valuetronics	0.855	1.03	Buy	PER13x FY27
05/04/26	UOB Kay Hian	Valuetronics	1.02	1.03	Buy	PER13x FY27
05/13/26	Lim & Tan	Valuetronics	1.18	1	Sell
05/28/26	Lim & Tan	Valuetronics	1.01	0	Accumulate
05/29/26	UOB Kay Hian	Valuetronics	1.14	1.88	Buy	PER19x FY28, Ex-cash
06/02/26	phillip	Valuetronics	1.17	1.29	Buy	PER20x FY27
06/24/26	UOB Kay Hian	Valuetronics	1.1	1.88	Buy	PER19x FY28, Ex-cash
07/17/26	UOB Kay Hian	Valuetronics	1.08	1.88	Buy	PER19x FY28, Ex-cash
08/04/26	UOB Kay Hian	Valuetronics	1.06	1.88	Buy	PER19x FY28, Ex-cash
09/01/26	UOB Kay Hian	Valuetronics	1.01	1.88	Buy	PER19x FY28, Ex-cash
10/02/26	UOB Kay Hian	Valuetronics	1	1.88	Buy	PER19x FY28, Ex-cash

ValueMax - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/02/26	DBS Vickers	ValueMax	1.08	1.45	Buy	PER11x FY26
09/23/26	OCBC	ValueMax	0.99	1.21	Buy	PER