Keppel Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/10/25	DBS Vickers	Keppel Corp	5.66	9	Buy
04/24/25	Lim & Tan	Keppel Corp	6.4	8.22	Buy
04/25/25	UOB Kay Hian	Keppel Corp	6.59	9.25	Buy	Sum of parts
04/25/25	Phillip	Keppel Corp	6.59	8	Buy	Sum of parts
04/28/25	MorningStar	Keppel Corp	6.64	8.6	4-Star
04/28/25	CIMB	Keppel Corp	6.64	9.28	Add
06/06/25	DBS Vickers	Keppel Corp	6.97	9	Buy
06/26/25	Lim & Tan	Keppel Corp	7.4	0	Accumulate
07/17/25	CIMB	Keppel Corp	8.01	9.28	Add
08/01/25	UOB Kay Hian	Keppel Corp	8.47	9.51	Buy	Sum of parts
08/01/25	CIMB	Keppel Corp	8.47	10.23	Add	Sum of parts
08/01/25	Lim & Tan	Keppel Corp	8.47	8.89	Accumulate
08/04/25	Phillip	Keppel Corp	8.31	10.5	Buy	Sum of parts
08/06/25	Lim & Tan	Keppel Corp	8.42	9.37	Accumulate
08/12/25	UOB Kay Hian	Keppel Corp	8.58	10.46	Buy	Sum of parts
08/12/25	Phillip	Keppel Corp	8.58	10.7	Buy	Sum of parts
08/12/25	Lim & Tan	Keppel Corp	8.58	9.7	Accumulate
09/04/25	Lim & Tan	Keppel Corp	8.64	9.76	Accumulate
09/24/25	Lim & Tan	Keppel Corp	8.91	10	Accumulate
09/26/25	Lim & Tan	Keppel Corp	8.87	9.94	Accumulate
10/03/25	CIMB	Keppel Corp	9.14	10.23	Add	Sum of parts
10/10/25	JPM	Keppel Corp	9.17	12.5	Overweight
10/15/25	UOB Kay Hian	Keppel Corp	9.01	10.85	Buy	Sum of parts
10/30/25	Lim & Tan	Keppel Corp	9.89	10.14	Accumulate on weakness
10/31/25	UOB Kay Hian	Keppel Corp	10.05	11.7	Buy	PER16.8x FY26
10/31/25	CIMB	Keppel Corp	10.05	12.71	Add	PER
10/31/25	Lim & Tan	Keppel Corp	10.05	10.35	Accumulate on weakness
11/03/25	Phillip	Keppel Corp	10.19	12.2	Buy	Sum of parts
01/02/26	Lim & Tan	Keppel Corp	10.35	11.4	Accumulate
01/02/26	JPM	Keppel Corp	10.35	13.1	Overweight
01/05/26	UOB Kay Hian	Keppel Corp	10.37	11.7	Buy	PER16.8x FY26
02/05/26	Lim & Tan	Keppel Corp	10.95	11.97	Accumulate
02/06/26	UOB Kay Hian	Keppel Corp	11.62	13.23	Buy	PER18x
02/09/26	Phillip	Keppel Corp	11.64	13.8	Buy	Sum of parts
02/09/26	Lim & Tan	Keppel Corp	11.64	12.3	Accumulate
03/10/26	UOB Kay Hian	Keppel Corp	11.82	13.23	Buy	PER18x
03/26/26	Lim & Tan	Keppel Corp	12.45	14	Accumulate
03/27/26	CIMB	Keppel Corp	12.27	13.52	Add	Sum of parts
03/27/26	JPM	Keppel Corp	12.27	12	Neutral
04/21/26	Lim & Tan	Keppel Corp	11.86	13.38	Accumulate
04/24/26	UOB Kay Hian	Keppel Corp	11.62	13.23	Buy	PER18x
04/24/26	CIMB	Keppel Corp	11.62	13.52	Add	Sum of parts
04/27/26	Phillip	Keppel Corp	11.55	13.8	Buy	Sum of parts
04/27/26	JPM	Keppel Corp	11.55	12	Neutral
05/04/26	UOB Kay Hian	Keppel Corp	10.87	13.23	Buy	PER18x
05/05/26	Lim & Tan	Keppel Corp	10.87	12.94	Accumulate

Jumbo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/19/25	uSMART	Jumbo	0.28	0.34	Buy
01/12/26	Lim & Tan	Jumbo	0.29	0.35	Accumulate on weakness

Stock calls for 13 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/13/26	UOB Kay Hian	BRC Asia	4.49	5.3	Buy	PER14x FY26
05/13/26	CIMB	BRC Asia	4.49	5.5	Add	EV/Ebitda
05/13/26	UOB Kay Hian	Bumitama	1.82	2.01	Buy	PER14x FY26
05/13/26	DBS Vickers	Bumitama	1.82	2.3	Buy	PER20.4x FY26
05/13/26	OCBC	Bumitama	1.82	2.2	Buy	PER
05/13/26	Amfrasers	Fortress Minerals	0.26	0.26	Neutral	Sum of parts
05/13/26	UOB Kay Hian	Genting	0.69	0.75	Hold	EV/Ebitda7.7x FY26
05/13/26	DBS Vickers	Genting	0.69	0.67	Hold	EV/Ebitda7.3x FY26
05/13/26	CIMB	Genting	0.69	0.67	Hold	EV/Ebitda
05/13/26	DBS Vickers	NTT DC Reit	1.01	1.2	Buy	DCF
05/13/26	Lim & Tan	NTT DC Reit	1.01	1.27	Accumulate
05/13/26	UOB Kay Hian	Parkway Life	3.99	5.45	Buy	DDM
05/13/26	UOB Kay Hian	SIA Engineering	3.28	3.85	Buy	PER21.2x FY28
05/13/26	CIMB	SIA Engineering	3.28	3.8	Add
05/13/26	UOB Kay Hian	UMS	2.6	4.01	Buy	PER37.5x FY28
05/13/26	Lim & Tan	Valuetronics	1.18	1	Sell

US inflation has spiked beyond expectations!

US inflations: 3.8% (YOY) and 0.6% (MOM)

Core inflation: 2.8% (YOY) and 0.4% (MOM)

The US inflation will continue to remain high until next year and the US may not ease its rates this year because of the Iran war.  The longer the Iran war drags, the more the US and the world will suffer.

Jardine Matheson - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/24/25	Lim & Tan	Jardine Matheson	62.15	70.38	Accumulate on weakness

Jardine C&C - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/16/25	Lim & Tan	Jardine C&C	29.28	24.5	Hold
02/23/26	DBS Vickers	Jardine C&C	34.2	38.5	Buy	Sum of parts
03/02/26	DBS Vickers	Jardine C&C	35.36	38.5	Buy	Sum of parts
03/04/26	DBS Vickers	Jardine C&C	34.56	39	Buy	Sum of parts
03/31/26	UOB Kay Hian	Jardine C&C	35.34	37.1	Buy
05/04/26	DBS Vickers	Jardine C&C	32.58	38.5	Buy	Sum of parts (5% disc)
05/11/26	DBS Vickers	Jardine C&C	32.88	39	Buy	Sum of parts (5% disc)

IX Biopharm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/10/26	Phillip	IX Biopharm	0.2	1	Buy	Sum of parts

Stock calls for 12 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/12/26	DMG & Partners	AIMS AMP Cap Ind Reit	1.56	1.7	Buy	DDM
05/12/26	UOB Kay Hian	Centurion	1.61	2.1	Buy	PER12.5x FY26
05/12/26	DBS Vickers	Food Empire	2.88	3.65	Buy	Sum of parts
05/12/26	DBS Vickers	Hong Leong Asia	3.39	4.28	Buy	Sum of parts
05/12/26	UOB Kay Hian	Riverstone	0.82	1.1	Buy	PER25x FY27
05/12/26	CIMB	Riverstone	0.82	1	Add	PER
05/12/26	Lim & Tan	SIA Engineering	3.18	4	Hold
05/12/26	DBS Vickers	UMS	2.36	3.17	Buy	PER38x FY27
05/12/26	Lim & Tan	UMS	2.36	2.5	Accumulate on weakness

Isoteam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/21/25	DMG & Partners	Isoteam	0.077	0.08	Buy
03/25/25	Kim Eng	Isoteam	0.078	0.104	Buy
04/16/25	CIMB	Isoteam	0.069	0.096	Add
05/08/25	Amfrasers	Isoteam	0.077	0.1	outperform	DCF
05/23/25	Kim Eng	Isoteam	0.075	0.104	Buy
07/03/25	CIMB	Isoteam	0.077	0.1	Add
07/03/25	SAC Capital	Isoteam	0.077	0.091	Buy
07/07/25	Kim Eng	Isoteam	0.074	0.104	Buy
08/29/25	CIMB	Isoteam	0.08	0.102	Add	PER
08/29/25	Kim Eng	Isoteam	0.08	0.1	Buy
09/04/25	SAC Capital	Isoteam	0.083	0.096	Buy
09/12/25	Lim & Tan	Isoteam	0.087	0.1	Accumulate
09/17/25	CIMB	Isoteam	0.088	0.11	Add
09/24/25	Lim & Tan	Isoteam	0.084	0.11	Accumulate
09/26/25	DMG & Partners	Isoteam	0.084	0.078	Neutral
10/17/25	Amfrasers	Isoteam	0.081	0.099	outperform	DCF
11/28/25	Lim & Tan	Isoteam	0.077	0.096	Accumulate
12/01/25	DMG & Partners	Isoteam	0.078	0.078	Neutral
01/28/26	Kim Eng	Isoteam	0.087	0.1	Buy	PER9x FY26/27
02/13/26	CIMB	Isoteam	0.087	0.122	Add	PER12x FY26
02/13/26	Kim Eng	Isoteam	0.087	0.12	Buy	PER11x FY26/27
02/13/26	DMG & Partners	Isoteam	0.087	0.087	Neutral
04/21/26	CIMB	Isoteam	0.081	0.11	Add	PER
04/22/26	Kim Eng	Isoteam	0.084	0.12	Buy	PER11x FY26/27