UOB Kay Hian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/19/26	Macquarie	UOB Kay Hian	2.68	3.12	Outperform	PER10.5x FY27
07/06/26	DBS Vickers	UOB Kay Hian	3.88	4.8	Buy	PER15x FY27
08/11/26	DBS Vickers	UOB Kay Hian	4.14	4.8	Buy	PER15x FY27
08/11/26	Lim & Tan	UOB Kay Hian	4.14	4.8	Accumulate

UOB Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/07/25	DBS Vickers	UOB	36.45	32.7	Hold	GGM, PB1x FY26
08/07/25	Lim & Tan	UOB	36.45	38.27	Hold
08/08/25	DBS Vickers	UOB	35.81	33.9	Hold	GGM, PB1x FY26
08/08/25	Kim Eng	UOB	35.81	38.36	Hold	DDM
08/08/25	CIMB	UOB	35.81	38.3	Hold	GGM
08/08/25	OCBC	UOB	35.81	38.2	Hold	Cut from $41.50
08/11/25	phillip	UOB	35.7	34.6	Neutral	GGM, PB1.23x FY25
08/11/25	Lim & Tan	UOB	35.7	0	Hold
08/11/25	JPM	UOB	35.7	36.5	Neutral
08/11/25	Citi Research	UOB	35.7	34.8	Hold
10/17/25	DBS Vickers	UOB	34.58	33.9	Hold	GGM, PB1x FY26
10/21/25	phillip	UOB	34.3	34.6	Accumulate	GGM, PB1.23x FY25
10/21/25	Citi Research	UOB	34.3	34.5	Hold
11/06/25	Lim & Tan	UOB	34.87	37.24	Accumulate on weakness
11/06/25	Citi Research	UOB	34.87	33.7	Hold
11/07/25	phillip	UOB	33.9	30.4	Neutral	GGM, PB1.08x FY25
11/07/25	DBS Vickers	UOB	33.9	33.9	Hold	GGM, PB1x FY26
11/10/25	DMG & Partners	UOB	33.86	36.1	Buy	Cut from $38.80
01/09/26	JPM	UOB	36.01	34	Neutral
01/26/26	phillip	UOB	39.5	36.7	Neutral
01/27/26	CIMB	UOB	38.5	40.9	Hold	GGM
02/16/26	Citi Research	UOB	38.47	39	Hold	GGM, PB1.3x FY26
02/24/26	DBS Vickers	UOB	38.8	35.7	Hold	GGM, PB1.1x FY26
02/24/26	Lim & Tan	UOB	38.8	0	Hold
02/25/26	OCBC	UOB	37.2	41	Hold
02/26/26	phillip	UOB	36.98	37	Neutral	GGM, PB1.26x FY26
03/20/26	Lim & Tan	UOB	37.16	39	Accumulate on weakness
04/16/26	CIMB	UOB	37.59	38.7	Hold	GGM
04/23/26	DMG & Partners	UOB	37.02	39.5	Buy
05/06/26	DBS Vickers	UOB	36.28	35.7	Hold	GGM, PB1.1x FY26
05/07/26	Lim & Tan	UOB	36.65	39	Accumulate
05/08/26	phillip	UOB	36.7	37	Neutral	GGM, PB1.26x FY26
05/08/26	OCBC	UOB	36.7	41	Buy
06/08/26	phillip	UOB	38.55	39	Neutral
07/09/26	Macquarie	UOB	43.33	45.16	Outperform
07/14/26	UBS	UOB	43.98	45	Neutral
07/15/26	phillip	UOB	44.38	43	Neutral
07/15/26	DMG & Partners	UOB	44.38	41.3	Neutral
07/16/26	JPM	UOB	42.05	34	Underweight
07/20/26	CIMB	UOB	42.85	42.6	Hold	GGM
07/21/26	CLSA	UOB	42.66	49	Outperform
07/22/26	DBS Vickers	UOB	42.72	35.7	Hold	GGM, PB1.1x FY26
08/07/26	DBS Vickers	UOB	43.58	42.5	Buy	GGM, PB1.3x FY27
08/07/26	Lim & Tan	UOB	43.58	44	Hold
08/11/26	phillip	UOB	43.3	43	Hold	GGM, PB1.46x FY26
08/24/26	JPM	UOB	40.53	38	Neutral
08/24/26	Macquarie	UOB	40.53	46.57	Outperform
09/22/26	Jefferies	UOB	42.1	48	Buy
10/01/26	Macquarie	UOB	42.84	46.57	Outperform

Stock calls for 2 October 2026

Date	Analyst	Company	Last	Target	Call	Valuation
10/02/26	UOB Kay Hian	Beng Kuang Marine	0.365	0.75	Buy	PER14x FY27
10/02/26	Kim Eng	Centurion	1.4	1.78	Buy
10/02/26	DBS Vickers	Dairy Farm	3.4	4.5	Buy	PER19.4x FY27
10/02/26	UOB Kay Hian	Food Empire	1.9	3.49	Buy	PER25x FY26, Ex-Bonus (1 for 5)
10/02/26	UOB Kay Hian	Huationg Global	0.515	0.88	Buy	PER10x FY26
10/02/26	UOB Kay Hian	Keppel Corp	11.18	13.26	Buy	PER18.9x FY27
10/02/26	UOB Kay Hian	Lendlease Reit	0.55	0.72	Accumulate
10/02/26	UOB Kay Hian	OCBC	31.55	35.7	Buy	GGM, PB2.36x FY27
10/02/26	UOB Kay Hian	Oiltek	1.3	2.78	Buy	PER28x FY27
10/02/26	UOB Kay Hian	Riverstone	0.765	1.21	Buy	PER24x FY27
10/02/26	UOB Kay Hian	SATS	3.78	5	Buy	PER19.7x FY28
10/02/26	Lim & Tan	SGX	22.61	24.33	Hold
10/02/26	UOB Kay Hian	UI Boustead	0.805	1.16	Buy	DDM
10/02/26	UOB Kay Hian	Valuetronics	1	1.88	Buy	PER19x FY28, Ex-cash
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)
10/02/26	uSMART	Yeo Hiap Seng	0.55	0.643	Buy

Red alert: Iran war is resuming!

A US official had just revealed that 3 carriers would be in the middle east by the end of October and this would mean the US was likely to resume the Iran war after the US mid-term election.

The historical fact shows that the US will start a war whenver there is a presence of at least 2 aircraft carrier strike groups.  Let's watch how this will unfold.

United Hampshire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/14/25	UOB Kay Hian	United Hampshire	0.485	0.7	Buy	DDM
01/29/26	Phillip	United Hampshire	0.54	0.69	Buy	DDM
02/20/26	Lim & Tan	United Hampshire	0.56	0.69	Hold
02/23/26	UOB Kay Hian	United Hampshire	0.56	0.72	Buy	DDM
02/23/26	Phillip	United Hampshire	0.56	0.69	Buy	DDM
03/09/26	Amfrasers	United Hampshire	0.52	0.69	Outperform	DDM
03/23/26	Phillip	United Hampshire	0.515	0.69	Buy	DDM
04/01/26	UOB Kay Hian	United Hampshire	0.505	0.72	Buy	DDM
05/14/26	Phillip	United Hampshire	0.52	0.69	Buy	DDM
05/15/26	UOB Kay Hian	United Hampshire	0.52	0.72	Buy	DDM
05/15/26	Phillip	United Hampshire	0.52	0.69	Buy	DDM
06/22/26	Phillip	United Hampshire	0.515	0.69	Buy	DDM
07/01/26	Beansprout	United Hampshire	0.515	0.62	Buy	DDM
07/02/26	Lim & Tan	United Hampshire	0.515	0.71	Accumulate
07/27/26	Phillip	United Hampshire	0.52	0.69	Buy	DDM
08/17/26	Lim & Tan	United Hampshire	0.525	0.71	Accumulate
08/19/26	Phillip	United Hampshire	0.52	0.69	Buy	DDM
08/24/26	UOB Kay Hian	United Hampshire	0.51	0.69	Buy	DDM
09/21/26	Phillip	United Hampshire	0.48	0.69	Buy	DDM

Uni-Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/24/26	Lim & Tan	Uni-Asia	0.93	1.39	Buy	PB

UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	UOB Kay Hian	UMS	1.54	1.73	Buy	PER23x FY26
08/14/25	DBS Vickers	UMS	1.48	1.84	Buy	PER25x FY25/26
08/14/25	Kim Eng	UMS	1.48	1.59	Buy
08/25/25	CIMB	UMS	1.38	1.87	Add	Up from $1.06
10/03/25	Lim & Tan	UMS	1.45	0	Sell/Avoid
10/17/25	DBS Vickers	UMS	1.36	1.84	Buy	PER25x FY25/26
10/29/25	UOB Kay Hian	UMS	1.45	1.73	Buy	PER23x FY26
11/03/25	DMG & Partners	UMS	1.48	1.85	Buy
11/10/25	DBS Vickers	UMS	1.51	1.85	Buy	PER25x FY26
11/11/25	UOB Kay Hian	UMS	1.52	1.66	Buy	PER23x FY26
11/11/25	CIMB	UMS	1.52	1.77	Add	PER
11/12/25	DMG & Partners	UMS	1.44	1.86	Buy
11/12/25	Kim Eng	UMS	1.44	1.59	Buy
01/09/26	DBS Vickers	UMS	1.43	1.85	Buy	PER25x FY26
02/10/26	DBS Vickers	UMS	1.32	1.85	Buy	PER25x FY26
03/02/26	DBS Vickers	UMS	1.45	1.48	Buy	PER25x FY26, Ex-Bonus 1-for-4
03/03/26	UOB Kay Hian	UMS	1.5	1.8	Buy	PER28.4x FY26
03/03/26	DBS Vickers	UMS	1.5	1.83	Buy	PER30x FY26
03/03/26	CIMB	UMS	1.5	1.88	Add	PER
03/03/26	Kim Eng	UMS	1.5	1.88	Buy	PER25x FY26/27
03/04/26	Lim & Tan	UMS	1.53	1.88	Accumulate
04/16/26	CIMB	UMS	1.79	2.23	Add
04/29/26	DBS Vickers	UMS	2.18	2.92	Buy	PER35x FY27/28
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
05/12/26	Kim Eng	UMS	2.36	3.21	Buy
05/13/26	UOB Kay Hian	UMS	2.6	4.01	Buy	PER37.5x FY28
05/15/26	CIMB	UMS	2.95	4.17	Add
06/08/26	DBS Vickers	UMS	2.53	3.17	Buy	PER38x FY27
07/15/26	DMG & Partners	UMS	2.56	3.37	Buy
08/14/26	DBS Vickers	UMS	2.7	3.17	Buy	PER38x FY27
08/17/26	UOB Kay Hian	UMS	2.72	3.27	Buy	PER30x FY28
08/17/26	DBS Vickers	UMS	2.72	3.62	Buy	PER38x FY27
08/18/26	Kim Eng	UMS	2.87	3.43	Buy
08/18/26	DMG & Partners	UMS	2.87	3.37	Buy
08/28/26	DMG & Partners	UMS	2.74	3.69	Buy
09/15/26	UOB Kay Hian	UMS	2.51	3.27	Buy	PER30x FY28
09/24/26	Citi Research	UMS	2.65	3.43	Buy