analyst montage6.22 
The information below is extracted from analyst reports. The target prices are set by analysts with, typically, a 12-month time frame in mind. No, they are not cast in stone: You can expect them to be revised as new business developments materialise.

LionelLim8.16Shared by Lionel Lim, remisier.
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Counter Date Broking House Last Done Price Target Price Buy Sell Hold Valuation Methodology
SGX 11 Sept Lim & Tan $24.68 $25.00 (Consensus) Hold  
Geo Energy 11 Sept Lim & Tan $0.55 $0.82 (Consensus) Accumulate  
Singtel 11 Sept UOB Kayhian $4.52 $5.50 Buy SOTP
DBS Group Ltd 10 Sept Lim & Tan $77.50 $78.00 (Consensus) Hold  
Centurion Accomodation Reit 10 Sept UOB Kayhian $1.13 $1.39 (Downgrade) Buy DDM
Coliwoo 9 Sept Maybank Securities $0.48 $0.74 Buy  
Centurion Corp 9 Sept Maybank Securities $1.54 $1.78 Buy  
OKP Hldgs 9 Sept Lim & Tan $0.68 $1.10 (Upgrade) Buy P/E
Delfi Ltd 9 Sept UOB Kayhian $0.76 $0.98 (Downgrade) Buy P/E
Frencken Group 8 Sept Maybank Securities $2.40 $3.32 (Downgrade) Buy P/E
IX Biopharma 8 Sept Phillip Securities $0.51 $1.00 Buy DCF
IReit Global 8 Sept Lim & Tan $0.168 $0.30 (Consensus) Accumulate on Weakness  
Marco Polo Marine 7 Sept Marco Polo Marine $0.129 $0.24 Buy P/E
AddValue Tech 7 Sept Maybank Securities $0.193 $0.34 Buy Price to Sales
Grab Holdings 7 Sept Maybank Securities US$3.42 US$5.40 Buy SOTP
HongKong Land 7 Sept Lim & Tan US$8.55 US$10.40 (Consensus) Buy  
Reclaims Global Ltd 7 Sept Lim & Tan $0.205 $0.29 (Downgrade) Buy P/E
Soon Hock Enterprises 7 Sept UOB Kayhian $0.59 $0.66 (Downgrade) Buy P/BV
Tai Sin Electric Ltd 7 Sept CGS International $0.525 $0.80 (Upgrade) Add  P/E
ISO Team 3 Sept Maybank Securities $0.067 $0.09 (Downgrade) Buy P/E
Q&M Dental 3 Sept CGS International $0.52 $0.76 (Upgrade) Add P/E
CNMC Goldmine 2 Sept SAC Capital $1.35 $2.01 (Downgrade) Buy  
UOL Group 2 Sept CGS International $9.19 $12.83 Add RNAV
Lum Chang Creations 2 Sept CGS International $0.315 $0.64 Add P/E
Geo Energy 2 Sept KGI Securities $0.55 $1.15 (Downgrade) Outperform DCF
China Sunsine Chemicals 2 Sept KGI Securities $0.66 $1.145 Outperform DCF
Kin Global 2 Sept KGI Securities $0.19 $0.14 (Downgrade) Neutral (Downgrade)  
ASL Marine 2 Sept UOB Kayhian $0.30 $0.41 (Downgrade) Buy P/E
Aspial Lifestyle Corp 1 Sept SAC Capital $0.355 $0.50 Buy  
Keppel DC Reit 1 Sept CGS International $2.20 $2.68 Add DDM
Keppel Ltd 1 Sept Maybank Securities $11.60 $13.00  Buy Initiate SOTP
UOL 1 Sept Lim & Tan $9.07 $12.00 (Consensus) Accumulate  
ComfortDelgro 1 Sept Lim & Tan $1.29 $1.50 (Consensus) Accumulate on Weakness  
KORE US Reit 1 Sept UOB Kayhian US$0.173 US$0.25 Buy DDM
Tiong Woon Corp 1 Sept CGS International $0.965 $1.33 (Upgrade) Add EV/EBITDA
ISO Team 31 Aug CGS International $0.068 $0.11 Add P/E
Singtel 28 Aug Maybank Securities $4.51 $5.21 Buy SOTP
SembCorp Ind 27 Aug CGS International $6.09 $7.15 Add P/E
Singtel 27 Aug CGS International $4.51 $5.16 Add RNAV
Coliwoo Hldgs 27 Aug CGS International $0.49 $0.69 (Downgrade) Add DCF
Ever Glory 27 Aug Phillip Securities $0.84 $1.20 (Upgrade) Buy P/E
Pan United 27 Aug UOB Kayhian $1.53 $1.88 (Upgrade) Buy P/E
Marco Polo Marine 26 Aug CGS International $0.128 $0.21 Add P/E
Lum Chang Creations 26 Aug CGS International $0.335 $0.64 Add P/E
Huationg Global 26 Aug UOB Kayhian $0.555 $0.88 (Downgrade) Buy P/E
Kingsmen Creatives 25 Aug Lim & Tan $0.525   Buy  
Lendlease Global Commercial Reit 24 Aug Maybank Securities $0.575 $0.71 (Downgrade) Buy  
Keppel Reit 24 Aug Maybank Securities $0.89 $1.00 (Upgrade) Buy (Upgrade)  
Capitaland Integrated Comm Trust 24 Aug Maybank Securities $2.41 $2.70 (Upgrade) Buy  
BRC Asia 24 Aug CGS International $4.26 $5.50 Add EV/EBITDA
Seatrium 24 Aug CGS International $2.09 $2.60 (Upgrade) Add P/BV
Wee Hur 24 Aug Phillip Securities $0.64 $1.08 Buy SOTP
Starhub Ltd 24 Aug Phillip Securities $1.07 $1.07 (Upgrade) Neutral  
Hypens Pharma 24 Aug Phillip Securities $0.365 $0.46 (Downgrade) Buy DCF
NTT DC Reit 24 Aug UOB Kayhian Us$0.95 US$1.31 (Downgrade) Buy DDM
DBS Group 24 Aug UOB Kayhian $76.00 $74,70 Hold (Downgrade) P/BV
OCBC 24 Aug UOB Kayhian $30.98 $32.50 Buy P/BV
Lum Chang Creation 21 Aug DBS Group Research $0.35 $0.51 Buy Initiate P/E
Thakral Corp 21 Aug Phillip Securities $1.62 $2.22 (Downgrade) Buy SOTP
Ultragreen.ai 21 Aug Phillip Securities US$0.74 US$1.81 (Downgrade) Buy DCF
SATS 21 Aug CGS International $4.12 $5.20 Add DCF
Telechoice 20 Aug Phillip Securities $0.235 $0.33 Buy P/E
Kimly Ltd 20 Aug DBS Group Research $0.39 $0.52 Buy  
Olam Group 20 Aug Maybank Securities $1.24 $1.45 (Downgrade) Buy  
Food Empire 19 Aug KGI Securties $2.36 $3.186 Outperform DCF
CNMC Goldmine 19 Aug Phillip Securities $1.39 $2.01 (Downgrade) Buy DCF
BRC Asia 19 Aug UOB Kayhian $4.32 $5.30 Buy P/E
Wee Hur 19 Aug CGS International $0.675 $0.95 Add SOP
Marco Polo Marine 19 Aug CGS International $0.132 $0.21 Add P/E
United Hampshire Reit  18 Aug Phillip Securities US$0.52 US$0.69 Buy DDM
Golden Agri 17 Aug OCBC Group Research $0.29 $0.31 (Upgrade) Hold  
Soildbuild Construction Group 17 Aug CGS International $0.65 $1.00 (Downgrade) Add SOP
ISDN Holdings 17 Aug CGS International $0.695 $1.05 (Upgrade) Add P/E
HRNetGroup Ltd 17 Aug Phillip Securities $0.74 $0.82 Accumulate ex-cash/PE
ComfortDelgro 17 Aug Maybank Securities $1.35 $1.45 (Downgrade) Hold DCF
Bumitama Agri 17 Aug Maybank Securities $1.86 $2.06 (Upgrade) Buy P/E
UMS Integrated 17 Aug UOB Kayhian $2.72 $3.27 (Downgrade) Buy P/E
First Resources  17 Aug UOB Kayhian $3.95 $4.57 (Upgrade) Buy P/E
Centurion Corp 17 Aug CGS International $1.62 $2.05 (Upgrade) Add RNAV
CSE Global 17 Aug CGS International $1.24 $1.95 (Downgrade) Add P/E
Nanofilm Tech 14 Aug CGS International $1.05 $1.40 Add P/E
Thai Bev 14 Aug CGS International $0.47 $0.58 Add P/E
Seatrium 14 Aug CGS International $2.14 $2.52 Add P/BV
Pan United 14 Aug DBS Group Research $1.58 $1.88 Buy  
Frencken Group 14 Aug DBS Group Research $2.79 $3.76 Buy P/E
China Aviation Oil 14 Aug DBS Group Research $1.75 $2.50 Buy  
Nordic Group 14 Aug Phillip Securities $0.54 $0.68 Buy P/E
Ultragreen.AI 14 Aug UOB Kayhian $1.32 $1.95 Buy P/E
Hong Leong Asia 14 Aug UOB Kayhian $3.18 $4.70 (Downgrade) Buy P/E
City Dev 14 Aug CGS International $8.20 $12.11 Add RNAV
SembCorp Ind 14 Aug CGS International $5.59 $7.15 Add P/E
Soildbuild Construction Group 14 Aug CGS International $0.59 $1.10 Add SOP
Starhub 14 Aug CGS International $1.10 $0.87  Reduce GGM
PropNex 13 Aug Maybank Securities $1.82 $1.95 (Downgrade) Hold P/E
AEM 13 Aug CGS International $9.63 $14.79 Add P/E
Wilmar 13 Aug CGS International $3.71 $3.60 Hold P/E
Singtel 13 Aug CGS International $4.25 $5.16 (Downgrade) Add RNAV
Capitaland Investment 13 Aug OCBC Group Research $2.73 $3.58 Buy  
APAC Realty 13 Aug Lim & Tan $0.62 $0.68 (Upgrade) Accumulate P/E
Yangzijiang Maritime 13 Aug DBS Group Research $0.59 $0.88 Buy  
ST Engineering 13 Aug DBS Group Research $10.28 $12.40 Buy  
NTT DC Reit 13 Aug DBS Group Research US$0.94 US$1.30 Buy  
Centurion Corp 13 Aug DBS Group Research $1.70 $1.86 Buy  
Food Empire 13 Aug UOB Kayhian $2.51 $3.49 Buy P/E
Capitaland Integrated Comm Trust 13 Aug UOB Kayhian $2.49 $3.06 Buy DDM
UOL 13 Aug CGS International $10.17 $12.83 Add RNAV
Riverstone 13 Aug UOB Kayhian $0.85 $1.21 (Upgrade) Buy P/E
Delfi Ltd 12 Aug DBS Group Research $0.87 $1.00 Hold  
Capitaland Integrated Commercial Trust 12 Aug OCBC Group Research $2.51 $2.69 (Upgrade) Buy  
Netlink NBN Trust 12 Aug CGS International $0.985 $1.07 Add DDM
Soon Hock Enterprise 12 Aug Maybank Securities $0.59 $0.81 (Upgrade) Buy RNAV
Info-Tech Systems 12 Aug Maybank Securities $0.97 $1.46 Buy P/E
SEA (SE US) 12 Aug UOB Kayhian US$114.80 US$181.18 Buy SOTP
Beng Kuang Marine 12 Aug UOB Kayhian $0.475 $0.75 Buy P/E
UOB Kayhian 11 Aug DBS Group Research $4.14 $4.80 Buy  
Singapore Exchange Ltd 11 Aug OCBC Group Research $24.51 $24.62 (Upgrade) Hold  
Grab Holdings 11 Aug Phillip Securities US$3.70 US$7.00 Buy DCF
Elite UK Reit 11 Aug Phillip Securities GBP 0.32 GBP 0.41 Buy DDM
Justco 10 Aug Maybank Securities $0.64 $1.02 Buy EV/cash EBITDA
EverGlory Ltd 10 Aug CGS International $0.86 $1.10 (Upgrade) Add P/E
OCBC Group 7 Aug CGS International $29.33 $28.40 Hold GGM
SingInvestments & Finance 7 Aug Maybank Securities $1.61 $2.11 Buy P/BV
SGX 7 Aug UOB Kayhian $23.32 $23.40 (Upgrade) Hold P/E
DBS Group 6 Aug CGS International $73.55 $77.10 Add GGM
Yangzijiang 6 Aug CGS International $3.94 $5.10 Add P/E
Venture Corp 6 Aug CGS International $16.21 $21.78 Add P/E
Centurion Accomodation Reit 6 Aug CGS International $1.16 $1.39 Add  
Capitaland Ascendas Reit 6 Aug CGS International $2.57 $3.12 Add DDM
Keppel Ltd 5 Aug CGS International $11.21 $13.52 Add SOP
Daiwa House Log Trust 4 Aug Lim & Tan $0.49 $0.60 (Consensus) Accumulate on Weakness  
Sasseur Reit 4 Aug Lim & Tan $0.68 $0.91 (Consensus)    
Lendlease Global Comm Reit 4 Aug CGS International $0.575 $0.70 (Upgrade) Add DDM
Grab Holdings 4 Aug CGS International US$3.67 US$4.60 (Upgrade) Add SOP
Parkway Life Reit 4 Aug OCBC Group Research $4.22 $4.80 Buy  
APAC Realty 4 Aug DBS Group Research $0.57 $0.70 Hold  
First Reit 3 Aug Phillip Securities $0.23 $0.23 Accumulate P/NAV
Frasers Log & Comm Trust 31 July UOB Kayhian $0.99 $1.33 Buy DDM
Seatrium 31 July CGS International $2.15 $2.52 Add P/BV
Riverstone 31 July CGS International $0.84 $1.00 Add P/E
Jardine C&C 31 July Lim & Tan $28.33 $35.00 (Consensus) Buy  
CDL Hospitality Trust 31 July CGS Internaional $0.795 $0.89 (Downgrade) Add DDM
Mapletree Pan Asia Trust 31 July CGS International $1.36 $1.52 Add DDM
AIMS APAC Reit 30 July Maybank Securities $1.65 $1.68 Buy DDM
Keppel Ltd 30 July CGS International $11.48 $13.52 Add SOP
Far East Hospitality Trust 30 July Lim & Tan $0.59 $0.73 (Consensus) Accumulate  
Singtel 30 July DBS Group Research $4.61 $5.46 Buy  
Digital Core Reit 30 July DBS Group Research US$0.50 US$0.70 (Upgrade) Buy DCF
Sheng Siong 30 July CGS International $3.26 $3.60 Add P/E
Hongkong Land 29 July DBS Group Research US$7.89 US$9.89 Buy NAV
Keppel Reit 29 July CGS International $0.915 $1.09 Add DDM
Capitaland India Trust 29 July OCBC Group Research $1.02 $1.32 (Upgrade) Buy  
KORE US Reit 29 July DBS Group Research US$0.18 US$0.40 Buy DCF
Mapletree Log Trust 29 July OCBC Group Research $1.20 $1.34 (Downgrade) Buy  
UI Boustead Reit 29 July UOB Kayhian $0.81 $1.16 (Downgrade) Buy DDM
Aztech Global 29 July UOB Kayhian $0.83 $0.73 (Downgrade) Hold (Downgrade) P/E
SIA 29 July CGS International $7.77 $7.65 Hold P/BV
Keppel Infrastructure 28 July OCBC Group Research $0.535 $0.575 (Downgrade) Buy  
DFI Retail Group 28 July CGS International US$3.52 US$5.50 Add P/E
UOL 28 July OCBC Group Research $9.51 $12.87 Buy  
Capitaland Ascott Trust 28 July OCBC Group Research $0.915 $0.95 Buy  
ESR Reit 28 July CGS International $2.48 $3.43 Add  
Keppel Ltd 28 July CGS International $11.35 $13.52 Add SOP
Raffles Medical 28 July CGS International $0.91 $0.95 (Downgrade) Hold (Downgrade) EV/EBITDA
Frasers Centerpoint Trust 28 July CGS International $2.26 $2.86 Add DDM
IFAST 27 July DBS Group Research $9.28 $12.15 Buy  
Singtel 27 July DBS Group Research $4.39 $5.46 Buy  
Starhub 27 July DBS Group Research $1.02 $1.40 (Upgrade) Buy (Upgrade) EV/EBITDA
CSE Global 27 July CGS International $1.24 $2.00 Add P/E
Suntec Reit 24 July OCBC Group Research 1.51 $1.46 (Upgrade) Hold  
Mapletree Ind Trust 24 July DBS Group Research $1.93 $2.05 Hold  
SGX 24 July DBS Group Research $23.70 $26.40 Buy  
SIA Engineering 23 July CGS International $3.27 $3.80 Add P/E
Keppel DC Reit 23 July OCBC Group Research $2.34 $2.86 (Upgrade) Buy  
OUE Reit 23 July DBS Group Research $0.37 $0.45 Buy  
Food Empire 23 July UOB Kayhian $2.40 $3.49 Buy  
Beng Kuang 23 July UOB Kayhian $0.53 $0.75 Buy  
Pan United Corp 22 July DBS Group Research $1.60 $1.88 Initiate Buy P/E
HPH Trust 22 July Lim & Tan US$0.189 US$0.23 (Consensus)    
Innotek 22 July Lim & Tan $0.555   Hold  
Riverstone 22 July UOB Kayhian $0.86 $1.10 Buy P/E
Yangzijiang 21 July CGS International $3.73 $5.10 (Upgrade) Add P/E
Capitaland Integrated Commercial Trust 21 July DBS Group Research $2.45 $2.80 Buy  
Frasers Centerpoint Trust 21 July Lim & Tan $2.27 $2.60 (Consensus) Accumulate on Weakness  
Metro Hldgs 21 July Lim & Tan $0.46 $0.70 (Consensus)    
Oiltek  21 July UOB Kayhian $1.60 $2.78 Buy P/E
DBS Group 21 July CGS International $71.90 $77.10 (Upgrade) Add GGM
OCBC 21 July CGS International $28.69 $28.40 (Upgrade) Hold (Downgrade) GGM
ISDN 20 July SAC Capital $0.63 $0.97 Initiation Buy P/E
Grab Holdings 20 July Maybank Securities US$3.57 US$6.25 Buy EV/EBITDA
Comfortdelgro 17 July DBS Group Research $1.34 $1.30 Hold  
Keppel Infrastructure 17 July Lim & Tan $0.53 $0.58 (Consensus) Accumulate  
Geo Energy 17 July Lim & Tan $0.54 $0.80 (Consensus) Accumulate  
UOB 17 July CGS International $43.50 $42.60 Hold (Downgrade) GGM
The Hour Glass 16 July KGI Securities $2.61 $3.94 Outperform DCF
Capitaland Ascendas Reit 16 July Lim & Tan $2.49 $3.11 (Consensus) Accumulate  
Lum Chang Creations 15 July CGS International $0.385 $0.64 Add P/E
Wee Hur 15 July CGS International $0.655 $0.95 Add SOP
Justco 14 July DBS Group Research $0.595 $1.06 Buy Initiate EV/Cash
SGX 14 July Lim & Tan $24.42 $23.00  Hold  
Lum Chang Creations 14 July UOB Kayhian $0.375 $0.51 Buy P/E
SIA 14 July CGS International $7.67 $7.67 (Upgrade) Hold P/BV
Parkway Life Reit 13 July DBS Group Research $4.11 $4.75 Buy  
Jardine C&C 13 July DBS Group Research $27.27 $35.50 (Downgrade) Buy SOTP
Q & M Dental 13 July Lim & Tan $0.555 $0.70 (Consensus) Accumulate  
SIA Engineering 13 July Phillip Securities $3.35 $4.06 Buy  
China Aviation Oil 13 July Phillip Securities $1.72 $2.53 Buy  
IFAST 10 July Maybank Securities $9.21 $11.76 Buy DCF
Food Empire 10 July CGS Internaional $2.54 $3.33 Add P/E
Centurion Corp 10 July Maybank Securities $1.48 $1.69 Buy  
Singtel 10 July Maybank Securities $4.39 $4.00 Buy  
Marco Polo Marine 10 July Lim & Tan $0.129 $0.21 (Consensus) Buy  
CNMC Goldmine 10 July Lim & Tan $1.17 $1.90 (Upgrade) Buy P/E
China Aviation Oil 9 July CGS International $1.77 $2.68 Add SOP
Keppel Corp 9 July CGS International $10.89 $13.52 (Upgrade) Add SOP
Frencken Group 9 July CGS International $2.71 $3.25 Add P/E
Keppel DC Reit 9 July CGS International $2.21 $2.64 Add  
Capitaland Integrated Comm Trust 9 July CGS International $2.41 $2.74 Add  
Capitaland Ascendas Reit 9 July CGS International $2.49 $3.12 Add  
Aspial Lifestyle  8 July SAC Capital $0.355 $0.50 Buy Initiate P/E
Boustead Singapore 8 July Lim & Tan $2.07 $2.67 (Consensus) Accumulate  
Beng Kuang Marine 8 July Lim & Tan $0.46 $0.72 (Consensus) Buy  
EverGlory 7 July CGS International $0.775 $0.90 Add P/E
Coliwoo Hldgs 6 July Maybank Securities $0.48 $0.74 Buy P/E
NTT DC Reit 6 July Lim & Tan US$0.94 US$1.30 (Consensus)    
Boustead 6 July Lim & Tan $2.09 $2.70 (Consensus) Accumulate  
OCBC 6 July UOB Kayhian $25.31 $29.70 Buy P/BV
China Sunsine 3 July KGI Securities $0.675 $1.145 Outperform DCF
SembCorp Ind 3 July CGS International $5.98 $7.15 (Downgraded) Add P/E
SGX 3 July Lim & Tan $24.11 $22.34 (Consensus) Hold  
Guocoland 3 July Lim & Tan $2.14 $3.30 (Consensus) Accumulate  
Frasers Centerpoint Trust 2 July UOB Kayhian $2.23 $2.99 Buy DDM
Parkway Life Reit 1 July OCBC Group Research $4.05 $4.80 (Downgrade) Buy  
Grab Holdings 1 July CGS International US$3.77 US$4.50 Add SOP
Lum Chang Creations 1 July Lim & Tan $0.78 $1.04 Buy  
SATS 1 July Maybank Securities $4.53 $5.09 (Upgrade) Buy DCF
Frasers Centerpoint Trust 1 July DBS Group Research $2.26 $2.75 Buy  
Attica Group 30 June KGI Securities $0.165 $0.312 Outperform DCF
Skylink Holdings 30 June KGI Securities $0.22 $0.58 Outperform DCF
Marco Polo Marine 30 June Maybank Securities $0.134 $0.24 Buy P/E
AddValue Technologies 30 June Maybank Securities $0.137 $0.34 Buy P/E
Keppel DC Reit 30 June UOB Kayhian $2.26 $2.99 (Upgraded) Buy DDM
Hongkong Land 29 June DBS Group Research US$7.10 US$10.17 Buy  
Wee Hur 29 June CGS International $0.65 $0.95 Add SOP
Food Empire 29 June UOB Kayhian $2.33 $3.49 Buy  
Valuetronics 29 June UOB Kayhian $1.07 $1.88 Buy  
Ultragreen.ai 29 June Phillip Securities US$1.23 US$1.92 Buy Initiate DCF
Capitaland Investment 25 June DBS Group Research $2.51 $3.40 Buy  
Netlink Trust 25 June Lim & Tan $0.98 $1.02 (Consensus) Accumulate on Weakness  
OUE Reit 25 June Lim & Tan $0.355 $0.44 (Consensus) Accumulate  
Keppel Ltd 25 June UOB Kayhian $11.20 $13.23 Buy P/E
Fuxing China Group Ltd 24 June SAC Capital $0.99 $1.51 Buy Initiate P/E
Singapore Exchange 24 June DBS Group Research $23.84 $26.40 (Upgrade) Buy P/E
Thai Bev 24 June CGS International $0.445 $0.58 Add P/E
Valuetronics 24 June UOB Kayhian $1.10 $1.88 Buy P/E
Huationg Global 24 June UOB Kayhian $0.71 $1.23 Buy P/E
Singtel 23 June DBS Group Research $4.36 $5.46 Buy  
Geo Energy 23 June Lim & Tan $0.435 $1.00 (Consensus) Accumulate  
Mapletree Ind Trust 23 June Lim & Tan $1.95 $2.03 (Consensus) Hold  
OCBC 23 June UOB Kayhian $24.63 $29.70 Buy P/BV
DBS Group 23 June UOB Kayhian $66.96 $72.50 Buy P/BV
ComfortDelgro 22 June DBS Group Research $1.30 $1.30 (Upgrade) Hold (Upgrade) EV/EBITDA
Lum Chang Creations 22 June Lim & Tan $0.805 $1.04 Buy  
Yangzijiang Shipbuilding 22 June UOB Kayhian $3.69 $4.75 Buy P/E
ASL Marine 19 June Lim & Tan $0.315 $0.47 Buy P/E
Soildbuild Construction 19 June CGS International $0.79 $1.10 (Downgrade) Add SOP
Olam Group 19 June Maybank Securities $1.28 $1.60 Buy EV/EBIT
SEA Ltd 19 June Maybank Securities US$90.84 US$127 Buy  
Food Empire 19 June UOB Kayhian $2.50 $3.49 Buy P/E
Centurion Corp 18 June DBS Group Research $1.51 $1.86 Buy  
Keppel Ltd 18 June Lim & Tan $11.37 $12.66 (Consensus) Buy  
CSE Global 18 June UOB Kayhian $1.37 $1.79 Buy P/E
Hongkong Land 17 June DBS Group Research   US$10.17 Buy  
Bumitama Agri 17 June Maybank Securities $1.68 $1.87 Buy (Upgrade) P/E
Boustead 17 June Lim & Tan $2.05 $2.70 (Consensus) Accumulate  
SATS 17 June CGS International $4.05 $5.20 (Upgrade) Add DCF
Beng Kuang Marine 17 June UOB Kayhian $0.49 $0.75 Buy P/E
DFI Retail Group 17 June CGS International US$3.76 US$5.50 Add P/E
SIA 16 June UOB Kayhian $7.17 $6.66 (Upgrade) Hold P/BV
UI Boustead Reit 15 June UOB Kayhian $0.79 $1.17 Buy DDM
First Resources  15 June UOB Kayhian $2.83 $3.65 Buy (Upgrade) P/E
Keppel Ltd 12 June Lim & Tan $10.59 $12.60 (Consensus) Buy  
LHN 12 June UOB Kayhian $0.58 $0.71 Buy P/E
Capitaland Integrated Comm Trust 11 June Lim & Tan $2.33 $2.70 (Consensus) Buy  
Sing Investments & Finance 11 June Maybank Securities $1.53 $2.11 Buy P/BV
Singapore Exchange 11 June UOB Kayhian $21.70 $21.70 (Upgrade) Hold P/E
Centurion Corp 10 June DBS Group Research $1.40 $1.86 Buy Initiate SOTP
Wee Hur  10 June DBS Group Research $0.64 $0.90 Buy  
CSE Global 9 June UOB Kayhian $1.33 $1.79 Buy P/E
UOB  8 June Phillip Securities $37 $39 (Upgrade) Neutral  
OCBC 8 June Phillip Securities $22 $24 (Upgrade) Neutral  
DBS Group Holdings 8 June Phillip Securities $63.90 $67.50 (Upgrade) Accumulate  
UMS Integrated 8 June DBS Group Research $2.53 $3.17 Buy  
Civmec 8 June Lim & Tan $1.56 $1.61 (Consensus) Accumulate on Weakness  
Lum Chang Creations 8 June Lim & Tan $0.84 $1.00 (Consensus) Accumulate on Weakness  
Delfi Ltd 8 June UOB Kayhian $0.94 $1.68 Buy P/E
Thakral Corp 8 June Phillip Securities  $1.85 $2.56 Buy SOTP
Elite UK Reit 7 June Maybank Securities GBP 0.34 GBP 0.44 Buy Intiate P/NAV
SembCorp Ind 5 June Maybank Securities $6.21 $6.00 (Upgrade) Hold SOTP
Sanli Env 5 June CGS International $0.176 $0.22 (Downgrade) Add P/E
Grand Bank Yatch 5 June Lim & Tan $0.72 $1.49 Buy P/E
KSH Holdings 5 June Lim & Tan $0.34 $0.50 (Downgrade) Buy SOTP
Pan United  5 June CGS Interntaional $1.47 $1.85 (Upgrade) Add EV/EBITDA
First Reit 4 June Lim & Tan $0.235   Vote in Favour  
Capitaland Ascendas Reit 4 June Lim & Tan $2.50 $3.12 (Consensus) Accumulate  
Food Empire 3 June DBS Group Research $3.02 $3.05 Buy SOP
CSE Global 3 June CGS International $1.65 $2.00 (Downgrade) Add P/E
OKP Holdings 3 June KGI Securities $0.80 $1.31 Outperform DCF
China Aviation Oil 2 June OCBC Group Research $1.93 $2.48 Buy  
Genting Singapore 2 June  OCBC Group Research $0.60 $0.77 Buy  
Zixin Group 2 June Lim & Tan $0.033 $0.066  Buy P/E
Valuetronics 2 June Phillip Securities $1.17 $1.29 (Upgrade) Accumulate P/E
Geo Energy 2 June Phillip Securities $0.47 $0.75 Buy DCF
Seatrium 29 May CGS International $2.17 $2.52 (Downgrade) Add P/BV
KSH Holdings 29 May Lim & Tan $0.355   Accumulate  
Capitaland Ascott Trust 29 May OCBC Group Research $0.895 $0.95 Buy  
Seatrium 29 May OCBC Group Research $2.17 $2.79 Buy P/BV
Valuetronics 29 May UOB Kayhian $1.14 $1.88 (Upgrade) Buy P/E
Nordic Group 28 May Phillip Securities $0.58 $0.68 (Upgrade) Buy DCF
Boustead Singapore 28 May OCBC Group Research $2.23 $2.67 (Upgrade) Buy  
City Dev 28 May DBS Group Research $8.24 $12.00 Buy RNAV
Valuetronics 28 May Lim & Tan $1.01   Accumulate  
OKP 28 May Lim & Tan $0.82 $1.03 Buy  
SATS 26 May DBS Group Research $3.37 $4.20 Buy  
Frasers Log & Commercial Trust 26 May DBS Group Research $0.98 $1.05 Buy  
Skylink Hldgs 26 May Lim & Tan $0.265 $0.36 (Consensus) Buy  
Mapletree Ind Trust 26 May Lim & Tan $1.95 $2.04 (Consensus) Hold  
UI Boustead Reit 26 May UOB Kayhian $0.805 $1.17 (Upgrade) Buy DDM
AddValue Technologies 25 May Maybank Securities $0.166 $0.34 (Upgrade) Buy Price to Sales
Geo Energy 25 May Lim & Tan $0.50 $0.93 (Consensus) Buy  
Capitaland Ascendas Reit 25 May UOB Kayhian $2.52 $3.78 (Upgrade) Buy DDM
Elite UK Reit 25 May Phillip Securities GBP 0.34 GBP 0.41 Buy DDM
City Dev Ltd 25 May Phillip Securities $8.19 $11.32 Buy RNAV
LHN Holdings 22 May CGS International $0.64 $0.67 (Downgrade) Hold P/E
Coliwoo Hldgs 22 May CGS International $0.495 $0.74 Add DCF
Parkway Life Reit 22 May DBS Group Research $4.02 $4.75 Buy  
Singtel 22 May UOB Kayhian $4.70 $5.50 Buy SOTP
UI Boustead Reit 21 May UOB Kayhian $0.77 $1.13 Buy DDM
Telechoice 21 May Phillip Securities $0.255 $0.33 (Upgrade) Buy P/E
Yangzijiang 20 May CGS International $3.94 $4.95 Add P/E
ISDN Holdings 20 May CGS International $0.65 $0.96 Add P/E
Lum Chang Creations 20 May Lim & Tan $1.01 $1.14 (Consensus)    
HongKong Land 20 May Lim & Tan US$7.96 US$10.24 (Consensus) Accumulate  
Delfi Ltd 20 May DBS Group Research $1.00 $1.00 Hold  
Lendlease Reit 20 May Phillip Securities $0.57 $0.73 Buy DDM
Raffles Education 19 May KGI Securities $0.13 $0.32 Outperform DCF
Ever Glory 19 May CGS International $0.85 $0.90 (Downgrade) Add P/E
Frencken Group 19 May CGS International $2.81 $3.25 (Upgrade) Add (Upgrade) P/E
City Dev 19 May DBS Group Research $7.84 $12.00 Buy  
Keppel Ltd 19 May UOB Kayhian $10.38 $13.23 Buy P/E
Capitaland Integrated Comm Trust 19 May UOB Kayhian $2.25 $3.06 (Upgrade) Buy P/E
Singapore Technologies Engineering 19 May UOB Kayhian $10.79 $11.75 (Upgrade) Buy P/E
Civmec 18 May Lim & Tan $1.47   Accumulate on Weakness  
Geo Energy 18 May KGI Securities $0.58 $1.27 (Upgrade) Outperform DCF
Netlink NBN Trust 18 May CGS International $1.02 $1.07 (Upgrade) Add DDM
Marco Polo Marine 16 May CGS International $0.187 $0.21 (Upgrade) Add P/E
First Resources 16 May CGS International $3.90 $4.39 (Upgrade) Add P/E
SIA 15 May CGS International $6.27 $6.44 (Downgrade) Hold P/BV
Keppel Infrastructure 15 May CGS International $0.535 $0.60 Add DDM
United Hamshire Reit 14 May Phillip Securities US$0.52 US$0.69 Buy DDM
Thai Bev 14 May CGS International $0.42 $0.58 Add SOP
CSE Global 14 May CGS International $1.77 $2.10 (Upgrade) Add P/E
AEM 14 May Maybank Securities $8.35 $11.48 (Upgrade) Buy P/E
Food Empire Holdings 14 May UOB Kayhian $3.08 $4.21 Buy P/E
NTT DC Reit 14 May UOB Kayhian US$1.02 US$1.43 (Upgrade) Buy DDM
Prime US Reit 14 May Phillip Securities US$0.17 US$0.32 Buy DDM
BRC Asia 14 May Phillip Securities $4.58 $5.30 Buy DCF
ComfortDelgro 13 May CGS International $1.42 $1.70 Add P/E
Bumutama Agri 13 May OCBC Group Research $1.82 $2.20 (Upgrade) Buy P/E
Fortress Minerals 13 May KGI Fraser $0.26 $0.26 (Downgrade) Neutral DCF
UMS Integrated 13 May UOB Kayhian $2.60 $4.01 (Upgrade) Buy P/E
Parkway Life Reit 13 May UOB Kayhian $3.99 $5.45 Buy DDM
NTT DC Reit 13 May Lim & Tan US$1.01 US$1.27 (Consensus)    
Valuetronics 13 May Lim & Tan $1.18 $1.00 (Consensus)    
SEA Ltd 13 May CGS International US$84.87 US$195.00 Add SOP
SIA Engineering 13 May CGS Internaional $3.28 $3.80 (Downgrade) Add  
BRC Asia 13 May CGS International $4.49 $5.50 (Upgrade) Add EV/EBITDA
Genting Singapore 13 May CGS International $0.69 $0.67 (Downgrade) Hold EV/EBITDA
Centurion Corp 12 May UOB Kayhian $1.61 $2.10 (Upgrade) Buy P/E
UMS Integrated 12 May DBS Group Research $2.36 $2.92 Buy  
SIA Engineering 12 May DBS Group Research $3.18 $3.80 Buy  
Riverstone Hldgs 11 May CGS International $0.82 $1.00 (Upgrade) Add (Upgrade) P/E
Frasers Property Ltd 11 May CGS International $1.11 $1.41 Add RNAV
Jardine Cycle & Carriage Ltd 11 May DBS Group Research $32.88 $39.00 Buy  
Geo Energy 11 May Lim & Tan $0.61 $0.80    
BRC Asia 11 May Lim & Tan $4.70 $5.20 (Consensus) Accumulate  
Hong Leong Asia 8 May CGS International $3.22 $5.50 (Upgrade) Add SOP
Aoxin Q&M Dental 8 May UOB Kayhian $0.26 $0.36 Buy Initiate P/E
OCBC 8 May DBS Group Research $21.88 $25.50 Buy  
Starhub 8 May Maybank Securities $1.01 $1.00 (Downgrade) Hold (Downgrade)  
Beng Kuang Marine 8 May UOB Kayhian $0.57 $0.75 (Upgrade) Buy P/E
United Overseas Bank 7 May OCBC Group Research $36.65 $41.00 Buy  
AIMS APAC Reit 7 May Maybank Securities $1.52 $1.68 (Upgrade) Buy DDM
Kimly Ltd 7 May DBS Group Research $0.40 $0.52 Buy Intiate P/E
Marco Polo Marine 7 May UOB Kayhian $0.16 $0.19 Buy  
Seatrium 7 May UOB Kayhian $2.37 $3.15 Buy  
Frencken Group 6 May Maybank Securities $2.81 $3.40 (Upgrade) Buy P/E
Cooliwoo Holdings 6 May Maybank Securities $0.51 $0.74 Buy P/E
Centurion Accomodation Reit 6 May CGS International $1.12 $1.39 Add DDM
CSE Global 6 May Lim & Tan $1.36 $1.60 Accumulate  
Ultragreen.ai 6 May UOB Kayhian US$1.38 US$1.95 Buy P/E
Ever Glory United Holdings 6 May Phillip Securities $0.80 $1.05 Buy  
Wee Hur Holdings 6 May Phillip Securities $0.735 $1.08 Buy  
First Resources 5 May DBS Group Research $3.57 $5.00 Buy P/E
AddValue Tech 5 May Maybank Securities $0.14 $0.31 Buy Price to Sales
Keppel Infrastructure 5 May CGS International $0.535 $0.60 Add DDM
Venture Corp 5 May Maybank Securities $16.48 $21.40 (Upgrade) Buy P/E
Grab Holdings 5 May CGS International US$3.62 US$4.50 (Downgrade) Add SOP
Fraser Log & Comm Trust 5 May CGS International $0.97 $1.10 Add DDM
Winking Studios 5 May KGI Securities $0.23 $0.30 Outperform DCF
Keppel Ltd 5 May Lim & Tan $10.87 $12.94 (Consensus) Accumulate  
Frasers Log & Commercial Trust 5 May Lim & Tan $0.97 $1.10 (Consensus) Accumulate  
AEM 4 May CGS International $7.35 $10.15 Add P/E
Lum Chang Creations 4 May CGS International $1.03 $1.32 (Upgrade) Add P/E
Olam Group 4 May Maybank Securities $1.02 $1.60 (Upgrade) Buy Initiate SOTP
Parkway Life Reit 4 May OCBC Group Research $4.02 $4.82 (Downgrade) Buy  
CDL Hospitality Trust 4 May CGS International $0.81 $0.90 Add DDM
Sheng Siong Group 4 May Phillip Securities $3.03 $3.16 (Upgrade) Add P/E
Parkway Life Reit 4 May CGS International $4.02 $4.97 Add DDM
Mapletree Log Trust 4 May CGS International $1.22 $1.48 (Downgrade) Add DDM
Far East Hospitality 3 May Maybank Securities $0.58 $0.65 Buy DDM
Grab 3 May Maybank Securities US$3.67 US$6.48 Buy SOTP
DBS Group 30 April CGS International $56.56 $60.00 Hold GGM
Capitaland Investment 30 April UOB Kayhian $2.80 $3.93 (Downgrade) Buy SOTP
Mapletree Ind Trust 30 April CGS International $1.97 $2.22 (Downgrade) Add DDM
Centurion Corp 29 April CGS Internatonal $1.60 $1.89 (Upgrade) Add RNAV
Frencken Group 29 April DBS Group Research $2.63 $3.22 Buy  
UMS Integrated 29 April DBS Group Research $2.15 $2.92 Buy  
HongKong Land 29 April Lim & Tan US$7.89 US$10.07 (Consensus) Accumulate  
First Reit 28 April Phillip Securities $0.24 $0.25 Accumulate P/NAV
Aztech Global 28 April CGS International $0.875 $1.14 Add P/E
Mapletree Pan Asia Trust 28 April CGS International $1.40 $1.52 Add DDM
ESR Reit 28 April CGS International $2.51 $3.43 Add DDM
Mapletree Pan Asia Trust 28 April Lim & Tan $1.40 $1.60 (Consensus) Hold  
Yangzijiang Maritime 28 April DBS Group Research $0.66 $0.88 Buy  
UI Boustead Reit 28 April UOB Kayhian $0.835 $1.16 Buy DDM
Capitaland Ascott Trust 28 April CGS International $0.90 $1.13 Add DDM
Capitaland Ascendas Reit 28 April CGS International $2.54 $3.12 (Downgrade) Add DDM
ISDN 27 April CGS International $0.485 $0.96 (Upgrade) Add P/E
Sanli Enviromental 27 April Maybank Securities $0.196 $0.31 (Downgrade) Buy P/E
Addvalue Tech 27 April Maybank Securities $0.118 $0.31 (Upgraade) Buy Price to Sales
Capitaland Integrated Comm 27 April CGS International $2.48 $2.74 Add DDM
Coliwoo Holdings 26 April Maybank Securities $0.48 $0.74 Buy  
AEM 25 April CGS International $6.00 $10.15 (Upgrade) Add P/E
Capitaland India Trust 24 April OCBC Investment Research $1.05 $1.30 (Downgrade) Buy  
Frasers Centerpoint Trust 24 April DBS Group Research $2.28 $2.75 Buy  
Suntec Reit 24 April DBS Group Research $1.49 $1.60 Buy  
IFAST 24 April DBS Group Research $9.49 $12.15 Buy SOTP
Nanofilm Tech 24 April UOB Kayhian $1.43 $1.91 Buy P/E
Ever Glory 23 April CGS International $0.955 $1.13 (Upgrade) Add P/E
Keppel Ltd 23 April CGS International $12.03 $13.52 Add SOP
Genting Singapore 23 April DBS Group Research $0.70 $0.85 Buy  
Digital Core  Reit 23 April UOB Kayhian US$0.515 US$0.93 Buy DDM
OUE Reit 23 April CGS International $0.365 $0.44 (Upgrade) Add DDM
Nanofilm Tech 22 April CGS International $1.02 $1.40 (Upgrade) Add P/E
Nam Cheong 22 April CGS International $1.54 $1.92 Add P/E
Hong Leong Asia 22 April UOB Kayhian $3.17 $4.90 (Upgrade) Buy SOTP
DFI Retail 22 April CGS International US$4.16 US$5.50 Add P/E
ISO Team 21 April Maybank Securities $0.084 $0.12 Buy P/E
Keppel Reit 21 April CGS International $0.91 $1.09 (Downgrade) Add DDM
Beng Kuang Marine 20 April UOB Kayhian $0.48 $0.64 Buy Initiate P/E
DFI Retail Group 20 April DBS Group Research $4.07 $5.00 Buy  
Capitaland Investment 20 April Lim & Tan $2.85 $3.50 (Consensus) Accumulate  
Centurion Corp 20 April Lim & Tan $1.68 $1.83 (Consensus) Accumulate  
Reclaims Global 20 April UOB Kayhian $0.22 $0.27 (Downgrade) Buy P/E
KORE US Reit 20 April UOB Kayhian US$0.189 US$0.25 Buy DDM
HRnetGroup 19 Arpil Maybank Securities $0.76 $0.87 Buy (Reintiate) P/E
Yangzijiang Maritime  17 April DBS Group Research $0.68 $0.88 Buy P/BV
Suntec Reit 16 April DBS Group Research $1.52 $1.60 Buy  
Keppel DC Reit 16 April DBS Group Research $2.33 $2.60 Buy  
OCBC 16 April UOB Kayhian $22.88 $25.30 Buy GGM
United Overseas Bank 16 April CGS International $37.59 $38.70 (Downgrade) Hold GGM
SIA 15 April CGS International $6.57 $6.80 (Upgrade) Hold P/BV
UMS Integrated Ltd 15 April CGS International $1.79 $2.23 (Upgrade) Add P/E
SembCorp Ind 15 April UOB Kayhian $6.89 $8.06 (Upgrade) Buy P/E
Parkwaylife Reit 14 April DBS Group Research $4.01 $4.75 Buy  
Grab Holdings 14 April Maybank Securities US$3.73 US$6.48 Buy EV/EBITDA
DBS Group 14 Apirl CGS International $57.60 $60.00 Hold GGM
Oiltek  14 April CGS International $2.08 $3.38 (Upgrade) Add P/E
Kingsmen Creative 14 April Lim & Tan $0.60   Buy  
Lum Chang Creations 14 April Lim & Tan $0.87 $1.04 (Upgrade) Buy P/E
Q&M Dental  14 April Maybank Securities $0.60 $0.64 (Upgrade) Hold P/E
Delfi Ltd 14 April UOB Kayhian $1.19 $1.69 (Upgrade) Buy P/E
Singtel 13 April Maybank Securities $4.88 $5.25 Buy SOTP
Sing Investments & Finance 12 April Maybank Securities $1.57 $2.11 Buy Initiate P/BV
Olam Group 10 April Lim & Tan $0.87   Buy  
CSE Global 10 Aoril Lim & Tan $1.24 $1.54 (Consensus) Accumulate  
The Assembly Place Hldgs Ltd 10 April KGI Securities $0.24 $0.35 Outperform DCF
iX Biopharma 10 April Phillip Securities $0.20 $1.00 Buy Initiate SOTP
Marco Polo Marine 9 April Maybank Securities $0.145 $0.20 Buy P/E
Info-Tech 9 April Lim & Tan $1.04 $1.35 (Consensus)    
Keppel DC Reit 9 April UOB Kayhian $2.29 $2.82 Buy DDM
Yangzijiang Maritime Development 8 April DBS Group Research $0.54 $0.88 Buy Initiate P/BV
Frasers Property 8 April DBS Group Research $0.98 $1.50 Buy RNAV
Far East Hospitality Trust 8 April CGS International $0.575 $0.72 Add  
Skylink Hldgs Ltd 8 April Lim & Tan $0.24 $0.47 (Consensus)    
Keppel Infrastructure Trust 8 April Lim & Tan $0.52 $0.56 (Consensus) Accumulate  
Sheng Siong Group 7 April CGS International $2.97 $3.40 (Upgrade) Add P/E
Bumitama Agri 7 April DBS Group Research $1.90 $2.30 (Upgrade) Buy P/E
Oiltek International 7 April Phillip Securities $1.87 $2.72 (Upgrade) Buy P/E
Nam Cheong Ltd 7 April CGS International $1.52 $1.92 Add P/E
Centurion Corp 6 April Lim & Tan $1.46 $1.80 Accumulate  
Olam Group 6 April Lim & Tan $0.86   Buy  
DBS Group 6 April Phillip Securities $57.55 $60.00 Accumulate P/BV
Yangzijiang Maritime Development 6 April Phillip Securities $0.52 $0.69 Buy Initiate P/BV
First Reit 6 April Phillip Securities $0.24 $0.25 (Downgrade) Accumulate P/NAV
OKP Holdings 2 April LIm & Tan $0.69 $1.03 Buy  
First Reit 2 April Lim & Tan $0.245 $0.27 (Consensus) Accumulate on Weakness  
ST Engineering 2 April CGS International $11.10 $11.05 Hold (Downgrade) P/E
Grab Holdings 2 April CGS International US$3.67 US$6.25 Add SOP
ComfortDelgro 2 April CGS International $1.46 $1.70 Add  
SIA 2 April CGS International $6.66 $6.77 (Downgrade) Hold P/BV
UOL 1 April DBS Group Research $9.95 $13.00 Buy RNAV
NTT DC Reit 1 April UOB Kayhian US$0.915 US$1.42 Buy  
Capitaland Integrated Commercial Trust 1 April UOB Kayhian $2.29 $2.95 Buy  
United Hampshire US Reit  1 April UOB Kayhian US$0.505 US$0.72 Buy DDM
BRC Asia 31 March CGS International $4.69 $5.40 Add  
SIA Engineering 31 March Phillip Securities $3.23 $4.14 Accumulate  
China Aviation Oil 31 March Phillip Securities $2.07 $2.53 Buy  
SATS 31 March Phillip Securities $3.56 $4.44 Buy  
Hong Leong Asia 30 March DBS Group Research $2.84 $3.90 Buy  
Beng Kuang Marine 30 March Lim & Tan $0.385   Buy  
The Assembly Place Holdings 30 March Lim & Tan $0.24 $0.34 (Consensus)    
Yangzijiang Shipbuilding 27 March Maybank Securities $3.85 $4.15 Hold Initiate DCF
Seatrium 27 March Maybank Securities $2.29 $3.10  Buy Initiate DCF
Hong Leong Asia 27 March Lim & Tan $2.85 $4.20 (Consensus) Accumulate  
Stoneweg Europe Stapled Trust 27 March Lim & Tan $2.23 $2.86 (Consensus) Accumulate  
Lendlease Global Commercial Reit 27 March UOB Kayhian $0.53 $0.78 Buy DDM
Keppel Ltd 27 March CGS International $12.27 $13.52 Add SOP
ComfortDelgro 26 March Lim & Tan $1.44 $1.68 (Consensus) Accumulate on Weakness  
Keppel Ltd 26 March Lim & Tan $12.45 $14.00 (Consensus) Accumulate  
CSE Global 26 March UOB Kayhian $1.25 $1.43 Buy P/E
Tai Sin Electric 25 March CGS International $0.50 $0.743 Add Initiate P/E
Food Empire Holdings 25 March UOB Kayhian $3.18 $4.21 Buy P/E
Q & M Dental 25 March Phillip Securities $0.53 $0.71 (Upgrade) Buy P/E
Capitaland Ascendas Reit 25 March CGS International $2.50 $3.21 Add DDM
SATS 24 March Maybank Securities $3.59 $4.52 Buy DCF
Grab Holdings 24 March Maybank Securities US$3.66 US$6.48 (Upgrade) Buy  
Genting Singapore 24 March Lim & Tan $0.67 $0.85 (Consensus) Accumulate  
Singtel 23 March DBS Group Research $5.21 $5.36 (Downgrade) Hold (Downgrade) P/E
Suntec Reit 23 March UOB Kayhian $1.50 $1.71 (Upgrade) Buy DDM
Prime US Reit 23 March UOB Kayhian US$0.168 US$0.21 (Downgrade) Buy DDM
AEM 20 March DBS Group Research $3.78 $4.60 (Upgrade) Buy P/E
HongKong Land 20 March Lim & Tan US$8.28 US$9.42 (Consensus) Accumulate on Weakness  
UOB  20 March Lim & Tan $37.16 $39.00 (Consensus) Accumulate on Weakness  
LHN 20 March UOB Kayhian $0.585 $0.71 (Downgrade) Buy P/E
Delfi Ltd 20 March CGS International $0.93 $0.91 (Upgrade) Hold P/E
AddValue Tech 19 March Maybank Securities $0.085 $0.12 Buy  
Kore US Reit 19 March UOB Kayhian US$0.19 US$0.26 Buy DDM
Marco Polo Marine 18 March CGS International $0.153 $0.20 Add P/E
PC Partner 18 March KGI Securities $1.34 $1.54 Outperform DCF
UltraGreen.ai 18 March UOB Kayhian US$1.54 US$1.95 Buy P/E
China Aviation Oil 17 March DBS Group Research $0.97 $2.50 (Upgrade) Buy P/E
SembCorp Ind 17 March CGS International $5.85 $7.68 Add P/E
APAC Realty 17 March Lim & Tan $0.56 $0.71 Accumulate  
Far East Hospitality Trust 17 March DBS Group Research $0.56 $0.75 (Upgrade) Buy P/BV
Ever Glory Holings 17 March KGI Securities $0.75 $1.28 (Upgrade) Outperform DCF
Centurion Corp 17 March UOB Kayhian $1.07 $1.55 Buy DDM
UOL 16 March CGS International $10.30 $12.83 Add RNAV
Digital Core US Reit 16 March UOB Kayhian US$0.485 US$0.93 (Upgrade) Buy DDM
Wee Hur 16 March Phillip Securities $0.675 $1.08 (Upgrade) Buy (Upgrade) RNAV
Geo Energy 16 March Phillip Securities $0.54 $0.75 (Upgrade) Buy DCF
Lendlease Global Commercial Reit 15 March Maybank Securities $0.56 $0.74 (Upgrade) Add DDM
SATS 14 March Maybank Securities $3.61 $4.52 Buy Initiate DCF
CNMC Goldmine 13 March SAC Capital $1.71 $2.41 (Upgrade) Buy  
SGX 13 March Lim & Tan $18.30 $19.00 Hold  
RH Petrogas 13 March UOB Kayhian $0.245 $0.263 (Upgrade) Buy SOTP
Oiltek Intl Ltd 13 March Phillip Securities $0.80 $1.18 Buy P/E
Q & M Dental 13 March CGS International $0.555 $0.68 (Upgrade) Add P/E
Grab Holdings Ltd 12 March DBS Group Research US$3.89 US$5.93 Buy EV/EBITDA
Ultragreen.ai 12 March DBS Group Research US$1.53 US$2.00 Buy  
Telechoice 12 March Phillip Securities $0.185 $0.275 (Upgrade) Buy P/E
Soilbuild Construction Group 12 March DBS Group Research $0.985  $1.25 Not Rated P/E
APAC Realty 12 March Lim & Tan $0.58 $0.66 (Downgrade) Accumulate P/E
ComfortDelgro 12 March Lim & Tan $1.45 $1.68 (Consensus) Accumulate on Weakness  
Centurion Corp 12 March Phillip Securities $1.44 $1.81 Buy SOTP
DFI Retail Group 12 March CGS International US$4.75 US$5.50 (Upgrade) Add P/E
Reclaims Global 11 March Lim & Tan $0.47 $0.60 Accumulate  
Huationg Global 11 March UOB Kayhian $0.825 $1.23 (Upgrade) Buy P/E
Yangzijiang 11 March CGS International $4.05 $4.95 Add P/E
ASL Marine 10 March UOB Kayhian $0.285 $0.43 Buy  
DBS Group 10 March UOB Kayhian $54.31 $66.75 Buy  
CSE Global 10 March KGI Securtiies $1.24 $1.79 (Upgrade) Outperform DCF
Wilmar Intl 10 March Maybank Securities $3.53 $3.85 (Upgrade) Buy (Upgrade) DCF
China Aviation Oil 9 March UOB Kayhian $1.83 $2.63 Buy P/E
Frencken Group 9 March Phillip Securities $2.01 $2.50 (Upgrade) Buy P/E
Ever Glory United 9 March Phillip Securities $0.77 $1.05 (Upgrade) Buy (Upgrade) P/E
HongKong Land 6 March DBS Group Research US$8.15 US$10.17 Buy  
United Hampshere Reit 6 March KGI Securities US$0.53 US$0.69 (Upgrade) Outperform DDM
Sasseur Reit 6 March KGI Securities $0.68 $0.87 Outperform DDM
SembCorp Ind 6 March DBS Group Research $5.68 $7.30 Buy P/E
Soon Hock Enterprise 5 March Maybank Securities $0.62 $0.78 (Upgrade) Buy RNAV
OKP Holdings 5 March Lim & Tan $0.78 $1.03 Buy  
DFI Retail Group 4 March CGS International US$4.30 US$4.90 (Upgrade) Add P/E
Jardine Cycle & Carriage 4 March DBS Group Research US$34.56 US$39.00 Buy SOP
ASL Marine 4 March Lim & Tan $0.335 $0.45 (Upgrade) Buy  
UltraGreen.ai 4 March UOB Kayhian US$1.58 US$1.95 (Downgrade) Buy P/E
SEA (SE US) 4 March UOB Kayhian US$105.21 US$181.18 (Downgrade) Buy P/S
Wee Hur 4 March CGS International $0.76 $0.95 Add SOP
Aztech Global 3 March CGS International $0.745 $0.78 (Upgrade) Hold P/E
Soildbuild Construction Group 3 March Phillip Securities $0.905 $1.40 Buy P/E
Nam Cheong 3 March CGS International $1.42 $1.92 (Upgrade) Add P/E
Centurion Corp 3 March UOB Kayhian  $1.51 $1.90  Buy P/E
Tiong Woon Corp 3 March CGS International $1.02 $1.29 Add EV/EBITDA
Sheng Siong 3 March CGS International $2.63 $2.97 (Upgrade) Add P/E
PropNex 2 March Phillip Securities $1.94 $2.08 (Upgrade) Accumulate (Downgrade) DCF
CNMC Goldmine 2 March Phillip Securities $1.99 $2.34 (Upgrade) Buy P/E
Riverstone Hldgs 2 March CGS International $0.765 $0.78 (Downgrade) Add P/E
UMS Integrated  2 March CGS International $1.50 $1.88 (Upgrade) Add P/E
Ever Glory United Hldgs 2 March CGS International $0.76 $0.90 (Upgrade) Add P/E
First Resources 2 March Maybank Securities $2.37 $2.63 (Upgrade) Buy P/E
Wilmar  2 March CGS International $3.52 $3.60 Hold (Downgrade) P/E
SATS 2 March UOB Kayhian $3.92 $4.75 Buy (Upgraded) P/E
Comfort Delgro Corp 2 March UOB Kayhian $1.55 $1.82 (Upgrade) Buy P/E
City Dev 2 March UOB Kayhian $9.82 $11.50 Buy RNAV
ST Engineering 2 March Phillip Securities $9.97 $13.00 (Upgraded) Buy (Upgraded) DCF
Soildbuild Construction  2 March CGS International $1.02 $1.20 Add P/E
Frencken Group 1 March Maybank Securities $2.16 $2.63 (Upgrade) Buy P/E
Bumitama Agri 27 Feb OCBC Group Research $1.33 $1.50 (Upgrade) Buy (Upgrade)  
UOL Group 27 Feb OCBC Group Research $10.68 $12.87 (Upgrade) Buy RNAV
Venture 27 Feb Maybank Securities $16.90 $18.10 (Upgrade) Buy P/E
Hong Leong Asia 27 Feb OCBC Group Research $3.06 $4.20 (Upgrade) Buy  
CSE Global 27 Feb CGS International $1.28 $1.50 Add P/E
Seatrium 27 Feb CGS International $2.28 $2.84 (Upgrade) Add P/BV
Yangzijiang Shipping 27 Feb CGS International $3.92 $4.95 (Upgrade) Add P/E
AEM Holdings Ltd 26 Feb CGS International $2.47 $3.14 (Upgrade) Add (Upgrade) P/E
HR NetGroup Ltd 26 Feb CGS International $0.745 $0.78 (Upgrade) Add P/E
SingPost 26 Feb OCBC Group Research $0.385 $0.40 (Downgrade) Hold  
Capitaland India Trust 26 Feb OCBC Group Research $1.21 $1.37 (Downgrade) Buy  
Food Empire 26 Feb UOB Kayhian $3.27 $4.21 (Upgrade) Buy P/E
Delfi  26 Feb UOB Kayhian $0.945 $1.12 (Upgrade) Buy P/E
Pan United Corp 26 Feb CGS International $1.27 $1.55 (Upgrade) Add EV/EBITDA
Info-Tech Systems 26 Feb CGS International $1.05 $1.35 (Upgrade) Add P/E
SembCorp Ind 26 Feb CGS International $6.20 $7.68 (Downgrade) Add P/E
Skylink Holdings 25 Feb KGI Fraser $0.30 $0.58 Buy Initiate DCF
OCBC 25 Feb CGS International $21.43 $23.40 Add GGM
China Yuchai International 25 Feb CGS International US$55.03 US$65.00 Add P/E
SIA 25 Feb CGS International $7.17 $7.44 (Upgrade) Add P/BV
ISO Team 25 Feb Maybank Securities $0.091 $0.12 Buy P/E
Genting Singapore 25 Feb CGS International $0.79 $0.76 (Downgrade) Hold EV/EBITDA
Centurion Accomodation Reit 25 Feb CGS International $1.13 $1.39 (Upgrade) Add DDM
OUE Reit 25 Feb CGS International $0.37 $0.41 Add DDM
SIA Engineering 25 Feb CGS International $3.61 $4.14 Accumulate P/E
Soon Hock Enterprise 24 Feb Maybank Securities $0.67 $0.75 Buy  
SEA Ltd 24 Feb Maybank Securities US$112 US$156 Buy SOTP
UOB 24 Feb OCBC Group Research $38.80 $41.00 (Upgrade) Hold  
Nam Cheong 24 Feb CGS International $1.33 $1.87 Add P/E
APAC Realty 24 Feb Lim & Tan $0.665   Accumulate on Weakness  
Raffles Medical Group 24 Feb UOB Kayhian $1.07 $1.25 Buy P/E
United Hamshire US Reit 23 Feb Phillip Securities US$0.56 US$0.69 Buy DDM
China Aviation Oil 20 Feb CGS International $1.92 $2.63 (Upgrade) Add SOP
Grab Holdings 20 Feb Phillip Securities US$4.23 US$7.00 Buy DCF
OUE Reit 20 Feb DBS Group Research $0.35 $0.45 Buy  
Huationg Global 20 Feb UOB Kayhian $0.845 $1.15 Buy Initiate P/E
SIA Engineering 20 Feb CGS International $3.57 $4.00 Add P/E
Starhub Ltd 19 Feb DBS Group Research $1.10 $0.94 (Downgrade) Fully Valued EV/EBITDA
Addvalue Technologies 19 Feb Maybank Securities $0.083 $0.12 Buy Initiate P/E
Food Empire 19 Feb CGS International $2.99 $4.00 (Upgrade) Add  P/E
BRC Asia 19 Feb CGS International $4.32 $5.40 (Upgrade) Add P/E
Genting Singapore 19 Feb DBS Group Research $0.77 $0.90 Buy EV/EBITDA
KSH Holdings 19 Feb Lim & Tan $0.35 $0.51 Accumulate SOTP
CSE Global 19 Feb Lim & Tan $1.27 $1.30 (Consensus) Hold  
Marco Polo Marine 19 Feb Maybank Securities  $0.151 $0.20 Buy  
Lendlease Global Commercial Reit 19 Feb UOB Kayhian $0.625 $0.78 (Downgrade) Buy DDM
Thai Bev 16 Feb Maybank Securities $0.47 $0.43 Hold  
Lum Chang Creations 13 Feb CGS International $0.80 $0.93 (Upgrade) Add P/E
Singtel 13 Feb UOB Kayhian $5.00 $5.50 (Upgrade) Buy SOTP
ISO Team 13 Feb CGS International $0.087 $0.122 (Upgrade) Add P/E
SIA 13 Feb CGS International $6.90 $7.23 (Upgrade) Hold P/BV
Far East Hospitality Trust 13 Feb CGS International $0.62 $0.72 (Downgrade) Add DDM
IFAST 12 Feb DBS Group Research $9.85 $12.00 Buy  
Grab Holdings 12 Feb CGS International US$4.23 US$6.25 (Downgrade) Add EV/EBITDA
Reclaims Global 12 Feb Lim & Tan $0.47 $0.60 Buy (Initate) P/E
Far East Hospitality Trust 12 Feb Lim & Tan $0.625 $0.71 (Consensus) Accumulate  
Thomson Medical 12 Feb Maybank Securities $0.062 $0.062 (Upgrade) Hold SOTP
BRC Asia 12 Feb Phillip Securities $4.23 $5.10 Buy  
Soildbuild Construction 12 Feb Phillip Securities $1.00 $1.40 (Upgrade) Buy (Upgrade) P/E
Capitaland Investment 12 Feb CGS International $3.06 $4.19 (Downgrade) Add RNAV
NTT DC Reit 12 Feb UOB Kayhian US$1.01 US$1.42 Buy DDM
Centurion Accomodation Reit 11 Feb DBS Group Research $1.12 $1.30 Buy  
SEA Ltd 11 Feb CGS International US$113.3 US$195.0 Add SOP
LHN 11 Feb UOB Kayhian $0.69 $0.84 Buy  
Capitaland Investment 11 Feb UOB Kayhian $3.17 $3.49 Buy  
NTT DC Reit 10 Feb DBS Group Research US$1.00 US$1.20 Buy  
CSE Global 10 Feb CGS International $1.24 $1.50 (Upgrade) Add P/E
Boustead 10 Feb OCBC Group Research $2.18 $2.45 Buy  
Elite UK Reit 10 Feb DBS Group Research GBP 0.35 GBP 0.40 Buy  
Capitaland Investment 10 Feb Lim & Tan $3.16 $3.30 (Consensus) Hold (Downgrade)  
Seatrium 10 Feb Lim & Tan $2.09 $2.66 (Consensus) Accumulate on Weakness  
DBS Group Holdings 10 Feb UOB Kayhian $58.19 $66.75 (Downgrade) Buy P/BV
Sheng Siong Group 9 Feb OCBC Group Research $2.90 $2.89 (Upgrade) Hold (Downgrade)  
Capitaland Integrated Comm Trust 9 Feb UOB Kayhian $2.45 $2.95 Buy DDM
First Reit 9 Feb Phillip Securities $0.27 $0.29 (Downgrade) Accumulate DDM
First Reit 6 Feb Lim & Tan $0.275 $0.31 (Consensus) Accumulate on Weakness  
Capitaland Integrated Comm Trust 6 Feb Lim & Tan $2.38 $2.84 (Consensus) Accumulate  
AIMS APAC Reit 6 Feb Maybank Securities $1.54 $1.65 (Upgrade) Buy DDM
Capitaland China Trust 6 Feb OCBC Group Research $0.78 $0.655 Sell (Downgrade)  
Keppel Ltd 6 Feb UOB Kayhian $11.62 $13.23 (Upgrade) Buy P/E
Capitaland Ascendas Reit 6 Feb CGS International $2.86 $3.21 (Downgrade) Add DDM
Singapore Exchange 5 Feb CGS International $17.64 $19.10 Add P/E
AIMS APAC Reit 5 Feb Lim & Tan $1.49 $1.52 (Consensus) Accumulate  
Hongkong Land Hldgs 5 Feb DBS Group Research US$8.67 US$10.13 (Upgrade) Buy NAV
Keppel Infrastructure 5 Feb OCBC Group Research $0.53 $0.545 (Upgrade) Buy  
ESR-Reit 5 Feb CGS International $2.75 $3.43 (Downgrade) Add DDM
Frasers Log & Comm Trust 5 Feb UOB Kayhian $1.01 $1.22 Buy DDM
Keppel Reit 4 Feb OCBC Group Research $0.98 $1.06 (Upgrade) Buy  
Singtel 4 Feb CGS International $4.91 $5.34 (Upgrade) Add RNAV
Ever Glory United Hldgs 4 Feb CGS International $0.685 $0.87 Add P/E
Parkway Life Reit 4 Feb CGS International $4.10 $4.97 Add DDM
Keppel Infrastructure Trust 4 Feb CGS International $0.52 $0.60 (Upgrade) Add DDM
China Yuchai International 3 Feb CGS International US$46.05 US$65.00 (Upgrade) Add P/E
Parkway Life Reit 3 Feb Lim & Tan $4.07 $4.80 (Consensus) Accumulate on Weakness  
Capitaland India Trust 3 Feb OCBC Investment Research $1.27 $1.38 (Downgrade) Buy  
Starhill Global Reit 3 Feb OCBC Investment Research $0.59 $0.525 (Downgrade) Hold  
SIA 3 Feb UOB Kayhian $6.36 $6.16 (Upgraded) Hold (Upgraded) P/BV
UOL 2 Feb DBS Group Research $10.84 $13.00 (Upgrade) Buy RNAV
Capitaland India Trust 2 Feb Lim & Tan $1.24 $1.43 (Consensus) Accumulate  
Coliwoo Hldgs 2 Feb Maybank Securities $0.60 $0.74 Buy  
Mapletree Pan Asia Trust 2 Feb Maybank Securities $1.46 $1.55 Buy DDM
CDL Hospitality Trust 2 Feb Maybank Securities $0.87 $1.00 (Upgrade) Buy (Upgrade)  
Keppel DC Reit 2 Feb UOB Kayhian $2.28 $2.82 (Upgrade) Buy DDM
Capitaland Ascott Trust 2 Feb Phillip Securities $0.98 $1.08 (Upgrade) Accumulate DDM