Singapore Stock Exchange - Equity Investments

Friday, February 3, 2023

Nanofilm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/19/22	CIMB	Nanofilm	3.3	3.92	Add	PER22.25x, PEG1x
01/21/22	DBS Vickers	Nanofilm	2.99	4.12	Buy
01/24/22	Citi Research	Nanofilm	2.95	3.92	Buy
01/24/22	UOB Kay Hian	Nanofilm	2.95	2.67	Hold	PEG1x FY22, PER22x FY22
02/24/22	DBS Vickers	Nanofilm	2.87	4.12	Buy
02/24/22	Jefferies	Nanofilm	2.87	3	Hold
02/25/22	CIMB	Nanofilm	2.8	3.5	Add
02/25/22	UOB Kay Hian	Nanofilm	2.8	2.72	Hold	PEG1x FY22, PER23x FY22
03/15/22	CIMB	Nanofilm	2.51	3.5	Add
04/20/22	CIMB	Nanofilm	2.76	3.5	Add
04/20/22	Citi Research	Nanofilm	2.76	3.92	Buy
04/20/22	DBS Vickers	Nanofilm	2.76	4.12	Buy
04/20/22	Jefferies	Nanofilm	2.76	2.9	Hold
04/21/22	UOB Kay Hian	Nanofilm	2.8	2.72	Hold	PER23x FY22
06/29/22	DBS Vickers	Nanofilm	2.39	3.7	Buy	PER32x FY22
07/01/22	CIMB	Nanofilm	2.33	3.07	Add
07/25/22	DBS Vickers	Nanofilm	2.15	3.21	Buy	PER30x FY22
08/15/22	UOB Kay Hian	Nanofilm	2.23	2.72	Buy	PER20x FY23
08/15/22	Citi Research	Nanofilm	2.23	3.18	Buy
08/18/22	DBS Vickers	Nanofilm	2.32	3.21	Buy
08/19/22	CIMB	Nanofilm	2.33	3.05	Add
09/05/22	UOB Kay Hian	Nanofilm	2.35	2.72	Buy	PEG1x FY23, PER20x FY23
09/29/22	Lim & Tan	Nanofilm	2.08	2.85	Buy
09/29/22	Citi Research	Nanofilm	2.08	3.18	Buy
10/17/22	UOB Kay Hian	Nanofilm	1.89	2.72	Buy	PEG1x FY23, PER20x FY23
11/03/22	DBS Vickers	Nanofilm	1.79	2.54	Buy	PER20x FY23
11/03/22	Citi Research	Nanofilm	1.79	1.55	Sell	PER14x FY23
11/03/22	Lim & Tan	Nanofilm	1.79	2.72	Sell
11/04/22	UOB Kay Hian	Nanofilm	1.73	1.79	Hold	PEG1x, PER16x FY23
11/04/22	DBS Vickers	Nanofilm	1.73	2.22	Buy	PER20x FY23
11/04/22	CIMB	Nanofilm	1.73	1.78	Hold	PER15.6x FY23
11/18/22	DBS Vickers	Nanofilm	1.38	1.39	Hold	PER15x FY23
11/18/22	CIMB	Nanofilm	1.38	1.37	Hold	PEG1x FY23
11/22/22	UOB Kay Hian	Nanofilm	1.27	1.02	Sell	PEG1x FY23
12/08/22	Lim & Tan	Nanofilm	1.44	1.7	Buy
01/06/23	DBS Vickers	Nanofilm	1.39	1.39	Hold
01/17/23	CIMB	Nanofilm	1.42	1.39	Hold

MS Holdings - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/03/22	Lim & Tan	MS Holdings	0.06	0	Reject offer	Takeover price $0.07

Stock calls for 2 February 2023

Date	Analyst	Company	Last	Target	Call	Valuation
02/02/23	DBS Vickers	Capitaland Integrated Commercial Trust	2.11	2.4	Buy
02/02/23	CIMB	Capitaland Integrated Commercial Trust	2.11	2.35	Add	DDM
02/02/23	DMG & Partners	Capitaland Integrated Commercial Trust	2.11	2	Neutral	DDM
02/02/23	UOB Kay Hian	Comfortdelgro	1.2	1.38	Hold	Sum of parts
02/02/23	DMG & Partners	ESR-Reit	0.38	0.45	Buy	DDM
02/02/23	CIMB	Frasers Logistics	1.3	1.55	Add
02/02/23	Phillip	Keppel Corp	7.64	8.95	Buy	Sum of parts
02/02/23	CIMB	Keppel DC Reit	2.11	2.39	Add	DDM
02/02/23	Lim & Tan	Keppel Pacific	0.545	0.69	Buy
02/02/23	DMG & Partners	Keppel Pacific	0.545	0.69	Buy	DDM
02/02/23	CIMB	Mapletree Commercial	1.8	2.08	Add	DDM
02/02/23	CIMB	OUE Commercial	0.355	0.36	Hold
02/02/23	Kim Eng	Venture	18.5	20.2	Buy

Thursday, February 2, 2023

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/22	UOB Kay Hian	MM2 Asia	0.05	0.115	Buy	Sum of parts
05/31/22	Lim & Tan	MM2 Asia	0.057	0.12	Buy
06/01/22	DBS Vickers	MM2 Asia	0.056	0.06	Hold	Sum of parts
06/10/22	UOB Kay Hian	MM2 Asia	0.056	0.115	Buy	Sum of parts
07/14/22	Lim & Tan	MM2 Asia	0.053	0.0875	Buy
09/26/22	Lim & Tan	MM2 Asia	0.048	0.09	Buy
10/13/22	UOB Kay Hian	MM2 Asia	0.042	0.098	Buy	Sum of parts

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/04/22	DBS Vickers	Micro-Mechanics	3.17	3.42	Hold	PER27x FY22
09/01/22	DBS Vickers	Micro-Mechanics	3.14	3.42	Hold
10/18/22	DBS Vickers	Micro-Mechanics	2.73	2.97	Hold
10/31/22	DBS Vickers	Micro-Mechanics	2.76	2.32	Fully Valued
01/31/23	DBS Vickers	Micro-Mechanics	2.57	2.12	Fully Valued	PER23x FY23/24
01/31/23	Lim & Tan	Micro-Mechanics	2.57	2.32	Avoid