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
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
Netlink NBN Trust 30 Jan Maybank Securities $0.98 $1.05 (Upgrade) Buy
Nordic Group 30 Jan Phillip Securities $0.49 $0.63  Buy Initiate DCF
Guocoland 30 Jan DBS Group Research $2.68 $3.30 (Upgrade) Buy P/NAV
Capitaland Ascott Trust 30 Jan Lim & Tan $0.965 $1.11 (Consensus) Accumulate
Tiong Woon Corp 30 Jan Lim & Tan $0.995 $1.30 Buy P/E
17Live Group 30 Jan Phillip Securities $-0.94 $1.45 Buy P/E
Genting Singapore 29 Jan CGS International $0.73 $0.785 Add EV/EBITDA
United Hampshire US Reit 29 Jan Phillip Securities US$0.54 US$0.69 Buy DDM
Hong Leong Asia 29 Jan UOB Kayhian $3.15 $4.20 (Upgrade) Buy SOTP
Mapletree Ind Trust 29 Jan OCBC Group Research $2.11 $2.34 Buy
Yangzijiang  29 Jan UOB Kayhian $3.35 $4.10 Buy P/E
Seatrium 29 Jan UOB Kayhian $2.12 $2.96 Buy P/BV
Grand Banks Yatch 28 Jan  Lim & Tan $0.82 Hold
OUE Reit 28 Jan CGS International $0.38 $0.41 (Upgrade) Add DDM
ISO Team 27 Jan Maybank Securities $0.087 $0.10 Buy P/E
Frasers Centerpoint Trust 27 Jan Phillip Securities $2.26 $2.74 (Upgrade) Buy DDM
Mapletree Log Trust 27 Jan CGS International $1.35 $1.68 Add DDM
UOB 26 Jan CGS International $39.50 $40.90 (Upgrade) Hold  GGM
OCBC 26 Jan CGS International $21.29 $23.40 (Upgrade) Add GGM
Suntec Reit 26 Jan CGS International $1.46 $1.58 (Upgrade) Add DDM
ST Engineering 26 Jan CGS International $9.40 $10.20 (Upgrade) Add P/E
Frasers Centerpoint Trust 26 Jan CGS International $2.26 $2.86 Add DDM
Ultragreen.ai 26 Jan DBS Group Research US$1.68 US$2.05 Buy (Initiate) P/E
Suntec Reit 26 Jan CGS International $1.46 $1.58 (Upgrade) Add DDM
Marco Polo Marine 25 Jan Maybank Securities $0.157 $0.20 Buy
Fraser Centerpoint Trust 23 Jan DBS Group Research $2.26 $2.75 Buy
Genting Singapore 23 Jan UOB Kayhian $0.73 $0.89 Buy
Sanli Env 23 Jan Maybank Securities $0.32 $0.45 (Downgrade) Buy P/E
SEA Ltd 23 Jan UOB Kayhian US$121.13 US$200.18 Buy
Cooliwoo 22 Jan DBS Group Research $0.60 $0.88 Buy Initiate P/E
Seatrium 22 Jan CGS International $2.13 $2.67 Add P/BV
Seatrium 22 Jan Lim & Tan $2.13 $2.73 (Consensus) Accumulate on Weakness
ST Engineering 22 Jan OCBC  $9.57 $10.90 (Upgrade) Buy P/E
OCBC 22 Jan UOB Kayhian $20.44 $23.65 Buy P/BV
DBS Group 22 Jan UOB Kayhian $58.02 $68.95 Buy P/BV
Info-Tech Systems 21 Jan CGS International $0.76 $1.10 Add P/E
Centurion Accomodation Reit 21 Jan CGS International $1.10 $1.38 Add DDM
CityDev 21 Jan Lim & Tan $9.10 $8.69 (Consensus)  Hold
CNMC Goldmine 21 Jan Lim & Tan $1.24 $1.53 (Upgrade) Buy P/E
City Dev 21 Jan UOB Kayhian $9.10 $11.50 (Upgrade) Buy RNAV
SEA Ltd 20 Jan DBS Group Research US$147.26 US$205  Buy
Reclaims Global 20 Jan UOB Kayhian $0.435 $0.56 Buy
Centurion 20 Jan UOB Kayhian $1.42 $1.90 Buy
Capitaland Integrated Comm Trust 19 Jan Lim & Tan $2.41 $2.56 (Consensus) Accumulate
DFI Retail Group 19 Jan UOB Kayhian US$3.94 US$5.30 (Upgraded) Buy P/E
CNMC Goldmine 18 Jan Phillip Securities $1.16 $1.47 (Upgrade) Buy P/E
Grab Holdings 16 Jan CGS International US$4.38 US$7.20 Add SOP
Tiong Woon Corp 16 Jan CGS International $0.865 $1.23 Add Initiate EV/EBITDA
DBS Group 16 Jan CGS International $59.12 $60.50 Hold (Downgrade) P/BV
City Dev 16 Jan DBS Group Research $8.95 $11.80 Buy RNAV
Centurion Corp 16 Jan Lim & Tan $1.43 $1.78 (Consensus) Accumulate
SEA Ltd 16 Jan Maybank Securities US$123.35 US$156.00 Buy SOTP
First Resources  16 Jan UOB Kayhian $1.97 $2.50 (Upgrade) Buy P/E
Bumitama Agri 16 Jan UOB Kayhian $1.28 $1.45 (Upgrade) Buy (Upgrade) P/E
Nordic Group 15 Jan OCBC Investment Research $0.43 $0.59 Buy Initiate P/E
Soildbuild Construction Group 15 Jan CGS International $0.88 $1.20 Add P/E
OKP Holdings Ltd 15 Jan Lim & Tan $1.26 Buy
Capitaland Intergrated Comm Trust 14 Jan DBS Group Research $2.43 $2.50 Buy
Coliwoo Holdings Ltd 14 Jan CGS International $0.58 $0.74 Add Initiate  P/E
China Aviation Oil 14 Jan UOB Kayhian $1.74 $2.09 Buy Initiate P/E
SATS 14 Jan DBS Group Research $3.81 $4.40 Buy
ST Engineering 14 Jan DBS Group Research $9.25 $10.20 Buy
Centurion Accomodation Reit 14 Jan Lim & Tan $1.14 $1.25 (Consensus) Accumulate
Food Empire 14 Jan UOB Kayhian $2.58 $3.00 Buy P/E
ASL Marine 13 Jan UOB Kayhian $0.27 $0.35 Buy P/E
Soon Hock Enterprise 13 Jan Maybank Securities $0.63 $0.75 Buy Initiate P/E