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

Stock calls for 5 October 2026

Date	Analyst	Company	Last	Target	Call	Valuation
10/05/26	Kim Eng	Addvalue	0.141	0.34	Buy	P/S
10/05/26	Kim Eng	AEM	10.44	13.5	Buy
10/05/26	Lim & Tan	Far East Orchard	1.06	0.72	Unrated
10/05/26	CIMB	Ifast Corp	8.1	13	Add	Sum of parts
10/05/26	RHT Capital	ISDN	0.64	0.73	Buy
10/05/26	DMG & Partners	OCBC	31.66	33.7	Buy
10/05/26	UOB Kay Hian	PanUnited	1.73	1.88	Buy	PER17x FY27
10/05/26	DBS Vickers	Seatrium	2.03	3	Buy	PB1.35x FY26
10/05/26	Citi Research	SGX	20.99	17.7	Sell	DDM
10/05/26	UOB Kay Hian	Singtel	4.25	5.5	Buy	Sum of parts

Pfizer is getting sued by another US state for its mRNA vaccine safety claims.

There is a saying: There is no smoke without fire!

Do you still dare to take Pfizer's mRNA vaccine?

We've been reporting on mRNA vaccine safety for a long time and this is just another update.

Please look at some of our previous reportings below.

https://sg-stock.blogspot.com/2026/06/the-covid-aftermath-in-singapore-and.html

https://sg-stock.blogspot.com/2025/03/pfizer-is-being-sued-for-misleading.html

US ISM PMI fell marginally in September 2026.

Missing parameter:

Estimated Local New Orders: New orders - New Export Orders = 1.6 - (-2.3) = 3.9

Estimated Local Material: Inventories - Imports = (-2) - (-1.5) = -0.5

The producer prices spiked (+6.8) because of the high diesel prices which was caused by President Trump and this would show up in the CPI later due to the high tranport and machinery costs.

The recent GDP growth had indicated that there were some frontloading of purchases and this PMI also had corroborated the phenomenon through the estimated local new orders (Est'd +3.9) and new orders (+1.6).

The producers reduced their production (-1.6) in anticipation of the weakening economic growth caused by the high inflation.  However, the producers increased their hring their employment (+1.5) because of hiring difficulties.  Consequently, the inventories also fell (-2) due to the production reduction.

Furthermore, the production delince also caused the customers' inventories to be reduced (-1.2) and the backlog orders to increase (+4.6).

In view of the above factors, the PMI only decreased marginally to 54.5 (-0.01).  The report doesn't bode well for the US economy because there is no significant increase in production to meet the upcoming festival shoppings as the high inflation is eroding consumer spendings.

UOL - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
08/14/25	CIMB	UOL	7.16	8.2	Add	RNAV
08/18/25	Lim & Tan	UOL	7.27	8.06	Buy
08/20/25	DBS Vickers	UOL	7.19	8.8	Buy	RNAV (40% disc)
08/20/25	Lim & Tan	UOL	7.19	8.11	Buy
09/05/25	CLSA	UOL	7.25	10.5	Outperform
09/11/25	DBS Vickers	UOL	7.4	8.8	Buy	RNAV (40% disc)
09/11/25	Lim & Tan	UOL	7.4	8.37	Buy
09/11/25	Citi Research	UOL	7.4	9.6	Buy	RNAV (40% disc)
10/03/25	Lim & Tan	UOL	8	8.37	Buy
10/08/25	DBS Vickers	UOL	8.02	8.8	Buy	RNAV (40% disc)
10/08/25	JPM	UOL	8.02	10.15	Overweight
11/18/25	OCBC	UOL	8.65	10.06	Buy	RNAV
12/04/25	DBS Vickers	UOL	8.68	8.8	Buy	RNAV (40% disc)
12/05/25	Lim & Tan	UOL	8.62	0	Accumulate
01/26/26	JPM	UOL	10.3	12.05	Overweight
02/02/26	DBS Vickers	UOL	10.84	13	Buy	RNAV (25% disc)
02/27/26	DBS Vickers	UOL	10.68	17.5	Buy	RNAV (25% disc)
02/27/26	OCBC	UOL	10.68	12.87	Buy	RNAV
02/27/26	Lim & Tan	UOL	10.68	11.42	Hold
03/16/26	JPM	UOL	10.3	9.55	Neutral
03/16/26	Citi Research	UOL	10.3	12.9	Buy	RNAV (27% disc)
03/17/26	CIMB	UOL	9.76	12.83	Add
04/02/26	DBS Vickers	UOL	9.95	13	Buy	RNAV (25% disc)
04/20/26	JPM	UOL	10.16	12	Overweight
07/15/26	DBS Vickers	UOL	9.34	13	Buy	RNAV (25% disc)
07/29/26	OCBC	UOL	9.42	12.87	Buy	RNAV
08/13/26	CIMB	UOL	10.17	12.83	Add	RNAV
08/14/26	DBS Vickers	UOL	9.55	13	Buy	RNAV (25% disc)
09/01/26	Lim & Tan	UOL	9.07	12	Accumulate
09/01/26	Citi Research	UOL	9.07	12.9	Buy	RNAV (27% disc)
09/03/26	CIMB	UOL	9.19	12.83	Add	RNAV
09/23/26	Lim & Tan	UOL	8.56	12.09	Accumulate

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