Stock calls for 25 February 2026

Date	Analyst	Company	Last	Target	Call	Valuation
02/25/26	UOB Kay Hian	Cenurion Accommodation	1.13	1.55	Buy	DDM
02/25/26	CIMB	Cenurion Accommodation	1.13	1.39	Add	DDM
02/25/26	DBS Vickers	Delfi	0.99	0.8	Hold	PER12x FY26
02/25/26	Lim & Tan	Delfi	0.99	0.85	Accumulate on weakness
02/25/26	UOB Kay Hian	Genting	0.79	0.84	Hold	EV/Ebitda8x FY26
02/25/26	DBS Vickers	Genting	0.79	0.85	Buy	EV/Ebitda7.3x FY26
02/25/26	CIMB	Genting	0.79	0.76	Hold	EV/Ebitda
02/25/26	DBS Vickers	OCBC	21.43	23	Buy	GGM, PB1.5x FY27
02/25/26	Lim & Tan	OCBC	21.43	21.41	Hold
02/25/26	CIMB	OUE Commercial	0.37	0.41	Add	DDM
02/25/26	phillip	Raffles Medical	1.07	1.02	Neutral	DCF
02/25/26	DBS Vickers	SIA	7.03	6.5	Hold	EV/Ebitda5x FY26
02/25/26	phillip	SIA Engineering	3.61	4.14	Accumulate
02/25/26	Kim Eng	Soon Hock	0.665	0.75	Buy
02/25/26	OCBC	UOB	37.2	41	Hold

OCBC - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/02/24	CIMB	OCBC	16.28	17.7	Add
12/02/24	Jefferies	OCBC	16.28	19	Buy
01/02/25	UOB Kay Hian	OCBC	16.69	21	Buy	GGM, PB1.6x FY25
01/03/25	phillip	OCBC	16.64	18.8	Accumulate
01/03/25	Citi Research	OCBC	16.64	17.2	Hold
01/06/25	UOB Kay Hian	OCBC	16.57	20.8	Buy	GGM, PB1.59x FY25
01/06/25	CIMB	OCBC	16.57	17.7	Add
01/13/25	MorningStar	OCBC	17.1	18	Hold	Up from $17
01/23/25	DMG & Partners	OCBC	17.03	16.8	Neutral	GGM, PB1.21x FY25
01/28/25	Jefferies	OCBC	17.09	19	Buy
02/05/25	IG	OCBC	17.26	19	Buy
02/19/25	Lim & Tan	OCBC	17.76	17.76	Hold
02/26/25	Lim & Tan	OCBC	17.6	17.8	Accumulate on weakness
02/27/25	phillip	OCBC	17.21	18.9	Accumulate	GGM, PB1.36x FY25
02/27/25	UOB Kay Hian	OCBC	17.21	21.1	Buy	GGM, PB1.57x FY25
02/27/25	DBS Vickers	OCBC	17.21	17.6	Hold	GGM, PB1.3x FY25
02/27/25	DMG & Partners	OCBC	17.21	19.1	Buy	GGM, PB1.33x FY25
03/12/25	Citi Research	OCBC	16.69	16.3	Hold	GGM, PB1.2x FY25
03/12/25	Jefferies	OCBC	16.69	18.5	Hold
03/21/25	phillip	OCBC	16.94	17.9	Accumulate
03/27/25	Lim & Tan	OCBC	17.25	18.4	Accumulate
04/07/25	UOB Kay Hian	OCBC	16.62	16.85	Hold	GGM, PB1.27x FY25
04/07/25	Lim & Tan	OCBC	16.62	0	Hold
04/07/25	Citi Research	OCBC	16.62	15.7	Hold
04/08/25	DBS Vickers	OCBC	15.47	14.4	Hold	GGM, PB1x FY26
04/10/25	Kim Eng	OCBC	14.42	14.94	Hold
04/15/25	UOB Kay Hian	OCBC	15.01	16.9	Buy	GGM, PB1.27x FY25
04/22/25	DMG & Partners	OCBC	16.25	17.5	Neutral
04/23/25	CIMB	OCBC	16.38	17.2	Hold	GGM
05/09/25	DBS Vickers	OCBC	16.16	14.4	Hold	GGM, PB1x FY26
05/09/25	Lim & Tan	OCBC	16.16	17	Accumulate
05/09/25	Citi Research	OCBC	16.16	15.78	Hold
05/13/25	phillip	OCBC	16.23	17.1	Accumulate	GGM, PB1.3x FY25
05/13/25	UOB Kay Hian	OCBC	16.23	19.3	Buy	GGM, PB1.38x FY26
05/19/25	Jefferies	OCBC	16.32	17	Hold
06/06/25	Lim & Tan	OCBC	16.23	17.21	Accumulate on weakness
06/06/25	Citi Research	OCBC	16.23	15.8	Hold	GGM, PB1.2x
06/10/25	DMG & Partners	OCBC	16.37	17.5	Neutral	GGM, PB1.11x FY26
06/10/25	CIMB	OCBC	16.37	17.2	Hold	GGM
06/12/25	phillip	OCBC	16.16	17.6	Accumulate
06/19/25	Lim & Tan	OCBC	16.04	17.24	Accumulate
07/07/25	phillip	OCBC	16.48	17.6	Accumulate
07/16/25	CIMB	OCBC	17	17.2	Hold	GGM
07/18/25	UOB Kay Hian	OCBC	17.08	19.25	Buy	GGM, PB1.38x FY26
08/01/25	DBS Vickers	OCBC	16.87	14.4	Hold	GGM, PB1x FY26
08/01/25	Lim & Tan	OCBC	16.87	17.46	Hold
08/04/25	Citi Research	OCBC	16.79	16.3	Hold
08/04/25	UOB Kay Hian	OCBC	16.79	20.15	Buy	GGM, PB1.44x FY26
08/04/25	phillip	OCBC	16.79	16.5	Neutral	GGM, PB1.25x FY25
08/04/25	DBS Vickers	OCBC	16.79	15.8	Hold	GGM, PB1.1x FY26
08/05/25	MorningStar	OCBC	16.9	18.5	Buy
08/11/25	Lim & Tan	OCBC	16.79	0	Hold
08/11/25	JPM	OCBC	16.79	20	Overweight
09/10/25	UOB Kay Hian	OCBC	16.76	20.4	Buy	GGM, PB1.46x FY26
10/17/25	DBS Vickers	OCBC	16.81	15.8	Hold	GGM, PB1.1x FY26
10/21/25	UOB Kay Hian	OCBC	16.73	20.12	Buy	GGM, PB1.45x FY26
10/21/25	DMG & Partners	OCBC	16.73	17.5	Neutral	GGM, PB1.11x FY26
10/21/25	Citi Research	OCBC	16.73	16.8	Hold
11/07/25	Lim & Tan	OCBC	17.19	17.66	Accumulate on weakness
11/07/25	Citi Research	OCBC	17.19	20.3	Buy
11/10/25	DBS Vickers	OCBC	17.78	19.8	Buy	GGM, PB1.4x FY26
11/10/25	phillip	OCBC	17.78	17	Neutral	GGM, PB1.29x FY25
11/10/25	UOB Kay Hian	OCBC	17.78	20.22	Buy	GGM, PB1.45x FY26
11/10/25	CIMB	OCBC	17.78	19.5	Add	GGM
11/10/25	DMG & Partners	OCBC	17.78	18.7	Neutral
12/11/25	phillip	OCBC	18.95	20	Accumulate
01/05/26	UOB Kay Hian	OCBC	19.85	20.22	Buy	GGM, PB1.45x FY26
01/06/26	Goldman Sachs	OCBC	19.96	21.2	Buy
01/06/26	Autonomous	OCBC	19.96	17	Underperform
01/07/26	UOB Kay Hian	OCBC	20.18	23.65	Buy	GGM, PB1.7x FY26
01/09/26	JPM	OCBC	20.17	20.5	Neutral
01/27/26	CIMB	OCBC	21.04	23.4	Add	GGM
01/28/26	DMG & Partners	OCBC	21.42	21.3	Neutral
01/30/26	DBS Vickers	OCBC	21.35	23	Buy	GGM, PB1.5x FY27
02/02/26	UOB Kay Hian	OCBC	21.23	23.65	Buy	GGM, PB1.7x FY26
02/16/26	Citi Research	OCBC	21.11	24.5	Buy	GGM, PB1.8x FY26

NTT DC Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/08/25	Lim & Tan	NTT DC Reit	1.276	0	Subscribe
07/09/25	UOB Kay Hian	NTT DC Reit	1	0	Subscribe	USD
11/04/25	DBS Vickers	NTT DC Reit	1.01	1.2	Buy	DCF
11/13/25	Lim & Tan	NTT DC Reit	1.01	1.2	Accumulate on weakness
01/09/26	UOB Kay Hian	NTT DC Reit	1.01	1.42	Buy	DDM
02/03/26	UOB Kay Hian	NTT DC Reit	1.04	1.42	Buy	DDM
02/11/26	DBS Vickers	NTT DC Reit	1.01	1.2	Buy	DCF
02/11/26	Lim & Tan	NTT DC Reit	1.01	1.2	Accumulate on weakness

Nordic Group - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/16/26	OCBC	Nordic Group	0.43	0.59	Buy	PER
01/30/26	phillip	Nordic Group	0.485	0.63	Buy	DCF