Phillip Securities Research – Singapore Stocks Coverage

Company Analyst Last report Rating Target Price($) Price($) Upside to TP(%)
17LIVE GROUP Liu Miaomiao 4-Mar-25 BUY 1.28 0.8 60.00
361 DEGREES INT Eric Li 15-Jun-22 ACCUMULATE 4.43 - -
A Sonic Aerospace Limited 16-Mar-22 NON RATED - -
Aac Technologies Holdings Inc Samuel Sung 26-Nov-21 ACCUMULATE 38.35 - -
Adobe Phillip Research Team 28-Apr-25 BUY 543.00 - -
Advanced Info Service Public Company Limited - ADVANC Phillip Research Team (Thailand) 23-Sep-24 BUY 1.1 -
Advanced Micro Devices Yik Ban Chong (Ben) 7-Feb-25 ACCUMULATE 120 - -
Advanced Systems Yik Ban Chong (Ben) 23-Oct-24 NON RATED - -
Airbnb Phillip Research Team 21-Apr-25 NEUTRAL 112.00 - -
Alibaba Eric Li 26-Oct-23 BUY 118.95 - -
Alibaba - RMB Eric Li 26-Oct-23 BUY 118.95 - -
Alliance Healthcare Group 16-Feb-22 REDUCE 0.102 -
Alphabet-C Jonathan Woo 27-Oct-23 BUY 144.00 - -
Amazon Helena Wang 10-Feb-25 ACCUMULATE 271 - -
AOT TH SDR Phillip Research Team (Thailand) 10-Oct-24 BUY 1.43 -
APAC Realty Paul Chew 17-Aug-20 NEUTRAL 0.365 0.395 -7.59
Apple Inc Helena Wang 3-Feb-25 NEUTRAL 235.00 - -
ARM Holdings - ADR Phillip Research Team 13-Sep-23 NON RATED - -
Ascendas Reit 14-Feb-22 BUY 3.52 2.65 32.83
Ascott Reit 29-Jul-20 BUY 1.080 - -
Asian Pay Tv Tr Paul Chew 21-Nov-22 BUY 0.130 0.08 62.50
ASM Pacific Technologly Ltd Eric Li 7-Jun-22 ACCUMULATE 85.25 - -
Baguio Green Eric Li 14-Jan-25 BUY 0.98 - -
Baguio Green Group Ltd Eric Li 25-Nov-22 BUY 0.67 - -
Bank of America Glenn Thum 17-Apr-25 BUY 45.00 - -
Bank Of China Megan Tao 14-Jan-25 ACCUMULATE 4.43 - -
BHG Retail Reit 2-Mar-22 NON RATED 0.43 -
Binhai Investment Eric Li 13-Sep-23 BUY 2.20 - -
Block Inc. Ambrish Shah 14-Nov-24 BUY 105.00 - -
BRC Asia Yik Ban Chong (Ben) 13-Feb-25 ACCUMULATE 3.15 3.2 -1.56
BYD Co. Ltd Zhang Jing 20-Nov-24 REDUCE 337 - -
CapitaCom Trust 27-Jul-20 ACCUMULATE 1.909 - -
CapitaLand 2-Mar-21 BUY 3.75 - -
CapitaLand Ascott Trust Darren Chan 29-Apr-25 BUY 1.05 0.855 22.81
CapitaLand Investment Limited Darren Chan 17-Mar-25 BUY 3.65 2.68 36.19
CapitaMall Trust 9-May-22 BUY 2.46 2.16 13.89
Cathay Pacific Airways Zhang Jing 28-Feb-24 BUY 10 - -
Centurion Yik Ban Chong (Ben) 7-Mar-25 ACCUMULATE 1.22 1.22 0.00
China Aviation Oil (Singapore) Corporation Ltd Liu Miaomiao 7-Mar-25 NEUTRAL 0.85 0.85 0.00
China Literature Elvis Kwok 28-Jun-23 NEUTRAL 36.20 - -
China Oilfield Margaret Li 30-Jul-24 ACCUMULATE 7.51 - -
China Power International Dev Margaret Li 9-Nov-23 ACCUMULATE 3.46 - -
China Resources Pharmaceutical Group Limited Phillip (HK) Research Team 25-May-22 ACCUMULATE 54.95 - -
Chow Tai Fook Jewellery Group Limited Eric Li 5-Sep-22 NEUTRAL 15.52 - -
CityDev Darren Chan 17-Mar-25 BUY 6.02 4.92 22.36
Clearbridge Phillip Research Team 31-Aug-20 BUY 0.26 0.003 8,566.67
CMGE Technology Group Elvis Kwok 24-May-23 BUY 3.00 - -
CMOC Group Limited Margaret Li 11-Nov-24 ACCUMULATE 7.77 - -
CNMC Goldmine Liu Miaomiao 1-Apr-25 BUY 0.49 0.425 15.29
ComfortDelGro Paul Chew 3-Mar-25 BUY 1.68 1.54 9.09
Cosco Shipping Margaret Li 28-May-24 ACCUMULATE 12.72 - -
CP ALL TH SDR Phillip Research Team (Thailand) 27-Sep-24 BUY 1.96 -
CSOP iEdge SREIT ETF S$ Helena Wang 5-Feb-25 ACCUMULATE 0.805 0.71 13.38
Dasin Retail Tr 7-Dec-20 BUY 0.900 0.021 4,185.71
DBS Glenn Thum 12-Feb-25 ACCUMULATE 46.90 42.08 11.45
Del Monte Pac Paul Chew 15-Mar-23 BUY 0.400 0.066 506.06
Dongfeng Zhang Jing 29-Oct-21 BUY 12.00 - -
EC World Reit 15-May-20 BUY 0.770 0.28 175.00
Elite UK REIT Liu Miaomiao 11-Feb-25 BUY 0.35 0.285 22.81
Enn Energy Holdings Margaret Li 14-Jan-25 ACCUMULATE 58.81 - -
Far East HTrust Liu Miaomiao 13-Feb-25 BUY 0.73 0.555 31.53
First Reit Darren Chan 13-Feb-25 BUY 0.32 0.255 25.49
First Sponsor Terence Chua 2-Nov-22 ACCUMULATE 1.390 1.04 33.65
Food Empire Paul Chew 5-Sep-23 NON RATED 1.5 -
Fortress Minerals 4-May-22 BUY 0.660 0.21 214.29
Fortress Minerals Ltd 19-Jan-22 ACCUMULATE 0.500 - -
Frasers Cpt Tr Darren Chan 24-Jan-25 BUY 2.44 2.26 7.96
Frasers Property Darren Chan 9-Dec-24 NON RATED 0.815 -
FSE Lifestyle Services Eric Li 31-Jan-24 ACCUMULATE 6.45 - -
Fuyao Glass Industry Group Zhang Jing 19-Feb-25 REDUCE 59.30 - -
Geely Automobile Holdings Limited Zhang Jing 28-Apr-23 BUY 12.9 - -
Geo Energy Res Paul Chew 1-Apr-25 BUY 0.47 0.36 30.56
Global X Lithium & Battery Tech ETF Louis Tan 4-Jan-22 REDUCE - -
GOOGLE inc. Jonathan Woo 1-Nov-24 BUY 240 - -
Grab - A Helena Wang 8-Apr-25 BUY 5.8 - -
Great Wall Motor Company Limited Zhang Jing 8-Dec-22 BUY 14.10 - -
Guangzhou Automobile Group Co Ltd Zhang Jing 15-Feb-22 BUY 22.00 - -
Gulf Energy Development Public Co. Ltd Phillip Research Team (Thailand) 23-Sep-24 BUY - -
Haichang Ocean Park Holdings Ltd Zhang Jing 26-Jul-23 BUY -0.5 - -
Hengan International Group Company Ltd Eric Li 10-Jun-24 BUY 35.18 - -
Hengyang Petro Paul Chew 29-Aug-22 BUY 0.430 0.162 165.43
Hong Kong Exchanges and Clearing Limited Eric Li 22-Apr-22 BUY 464.70 - -
HRnetGroup Paul Chew 10-Mar-25 ACCUMULATE 0.78 0.695 12.23
Hua Hong Semiconductor Megan Tao 25-Feb-25 ACCUMULATE 30.30 - -
Hyphens Pharma Paul Chew 10-Mar-25 BUY 0.35 0.285 22.81
IFAST Zane Aw 27-Mar-25 TRADING BUY 6.3 -
Intron Technology Zhang Jing 8-Sep-23 ACCUMULATE 4.15 - -
IREIT Global 1-Mar-21 ACCUMULATE 0.700 0.23 204.35
IX Biopharma Paul Chew 3-Oct-22 BUY 0.250 0.02 1,150.00
Jason Marine Phillip Research Team 15-Jul-19 NON RATED 0.167 -
JD.com Inc Megan Tao 15-Apr-25 BUY 200.30 - -
JEP Paul Chew 21-Aug-20 REDUCE 0.158 0.255 -38.04
Jiangxi Copper Margaret Li 11-Mar-24 ACCUMULATE 14.89 - -
JNBY Design Eric Li 19-Mar-24 NEUTRAL 15.27 - -
JPMorgan Chase & Co Glenn Thum 14-Apr-25 ACCUMULATE 252.00 - -
Karrie International Eric Li 25-Feb-25 ACCUMULATE 0.98 - -
KBank TH SDR Phillip Research Team (Thailand) 27-Sep-24 ACCUMULATE 6.06 -
Keppel Corp Paul Chew 25-Apr-25 BUY 8.000 6.5 23.08
Keppel DC Reit Darren Chan 21-Apr-25 ACCUMULATE 2.25 2.08 8.17
Koda Paul Chew 5-Sep-22 NEUTRAL 0.50 0.195 156.41
Koufu Terence Chua 6-Sep-21 NEUTRAL 0.640 - -
Kuaishou Technology Elvis Kwok 19-Jan-23 BUY 90.3 - -
L'Occitane International S.A. Eric Li 31-Oct-22 BUY 25.89 - -
Laopu Gold Margaret Li 12-Feb-25 ACCUMULATE 458.32 - -
Lee & Man Paper Manufacturing Limited Eric Li 15-Nov-22 BUY 3.70 - -
Lendlease Reit Liu Miaomiao 5-Feb-25 BUY 0.74 0.51 45.10
LHN Paul Chew 12-Mar-25 BUY 0.56 0.46 21.74
Lian Beng 26-Jan-22 NON RATED - -
LION-PHILLIP S-REIT Helena Wang 5-Feb-25 ACCUMULATE 0.860 0.782 9.97
ManulifeReit USD 11-May-22 BUY 0.86 0.064 1,243.75
Memiontec Hldgs Phillip Research Team 13-May-24 NON RATED 0.023 -
META Platforms Jonathan Woo 6-Nov-24 ACCUMULATE 640.00 - -
Micro-Mechanics Paul Chew 8-Feb-21 NEUTRAL 3.35 1.6 109.38
Microsoft Corporation Phillip Research Team 17-Apr-25 BUY 480.00 - -
Minth Group Zhang Jing 30-Oct-24 BUY 22.65 - -
MM2 Asia Paul Chew 15-Feb-21 NON RATED 0.008 -
Netease Inc Phillip (HK) Research Team 9-Nov-22 BUY 98.70 - -
Netflix Inc Helena Wang 21-Apr-25 NEUTRAL 950 - -
NetLink NBN Tr Paul Chew 6-Nov-24 NEUTRAL 0.870 0.91 -4.40
NikkoAM-STC Asia REIT Helena Wang 10-Feb-25 ACCUMULATE 0.82 0.757 8.32
Nongfu Spring Co Ltd Phillip (HK) Research Team 14-Dec-21 BUY 64.59 - -
Nvidia Yik Ban Chong (Ben) 4-Mar-25 ACCUMULATE 130 - -
OCBC Bank Glenn Thum 27-Feb-25 ACCUMULATE 18.9 15.98 18.27
Oiltek Paul Chew 11-Mar-25 BUY 1.48 1.34 10.45
Oriental Watch Holdings Ltd Eric Li 9-May-23 ACCUMULATE 5.14 - -
OUE Com Reit Liu Miaomiao 27-Jan-25 BUY 0.40 0.28 42.86
OUE REIT Liu Miaomiao 28-Apr-25 BUY 0.40 0.945 -57.67
Pacific Radiance Paul Chew 17-Mar-25 BUY 0.06 0.04 50.00
PanUnited Yik Ban Chong (Ben) 28-Feb-25 BUY 0.75 0.68 10.29
Paypal Holdings Inc Ambrish Shah 1-Nov-24 ACCUMULATE 90 - -
Penguin Intl Paul Chew 3-Jun-20 ACCUMULATE 0.550 1.1 -50.00
Perfect Medical Eric Li 2-Jan-24 BUY 4.37 - -
PHIL AP DIV REIT US$ Helena Wang 24-Feb-25 NEUTRAL 0.99 0.814 21.62
Plover bay Technologies Eric Li 24-Mar-25 ACCUMULATE 6.58 - -
Pop Mart International Group Limited Eric Li 4-Dec-23 ACCUMULATE 28.47 - -
PRIME US REIT USD Darren Chan 25-Feb-25 BUY 0.20 0.144 38.89
Property Guru Maximilian Koeswoyo 6-Mar-23 ACCUMULATE 5.20 - -
propnex Paul Chew 27-Feb-25 BUY 1.33 - -
PropNex Paul Chew 16-Aug-24 BUY 0.89 1.06 -16.04
PTTEP TH SDR Phillip Research Team (Thailand) 25-Sep-24 BUY 3.85 -
Q&M Dental Paul Chew 13-Mar-25 BUY 0.40 0.29 37.93
Raffles Medical Paul Chew 25-Feb-25 ACCUMULATE 1.02 1.01 0.99
Resources Gbl Peggy Mak 11-Mar-24 NON RATED - -
Robosense Technology Zhang Jing 28-Mar-25 ACCUMULATE 48 - -
Salesforce Inc Ambrish Shah 30-Aug-24 ACCUMULATE 305.00 - -
Santak Paul Chew 14-Nov-22 ACCUMULATE 1.15 0.07 1,542.86
Sasseur Reit Liu Miaomiao 21-Feb-25 BUY 0.81 0.63 28.57
Sasseur REIT Liu Miaomiao 11-Nov-24 BUY 0.84 0.63 33.33
SATS Liu Miaomiao 24-Feb-25 BUY 3.34 2.78 20.14
Sea Ltd Helena Wang 27-Mar-25 ACCUMULATE 140 - -
Sembcorp Ind Paul Chew 6-Mar-25 ACCUMULATE 7.1 6.62 7.25
Semiconductor Manufacturing Megan Tao 12-Feb-25 NEUTRAL 44.80 - -
SGX Glenn Thum 7-Feb-25 ACCUMULATE 13.9 14.14 -1.70
Sheng Siong Paul Chew 3-Mar-25 ACCUMULATE 1.76 1.74 1.15
Shopify -A Helena Wang 17-Feb-25 ACCUMULATE 140.00 - -
Siam Cement Public Co. Ltd Phillip Research Team (Thailand) 23-Sep-24 ACCUMULATE 0.595 -
Silverlake Axis Glenn Thum 29-Aug-24 NON RATED - -
Singapore Airlines Liu Miaomiao 24-Feb-25 NEUTRAL 5.73 6.68 -14.22
Singapore Telecommunications Ltd Paul Chew 20-Feb-25 ACCUMULATE 3.77 3.76 0.27
Sinotruk Hong Kong Ltd Zhang Jing 14-Feb-24 BUY 24.10 - -
Soilbuild Const Yik Ban Chong (Ben) 14-Apr-25 ACCUMULATE 0.97 - -
Southern Pkg 23-May-22 NON RATED 0.475 -
Spotify Helena Wang 11-Feb-25 NEUTRAL 600.00 - -
ST Engineering Paul Chew 3-Mar-25 ACCUMULATE 6.10 7.32 -16.67
StarHub Paul Chew 24-Feb-25 ACCUMULATE 0.29 1.17 -75.21
Stoneweg European REIT Darren Chan 13-Mar-25 BUY 1.86 1.5 24.00
Straits Trading Phillip Research Team 12-Jun-19 NON RATED 1.43 -
Sunny Optical Megan Tao 17-Mar-25 ACCUMULATE 97.32 - -
Suntec Reit Liu Miaomiao 28-Apr-25 BUY 1.33 1.15 15.65
TDCX Inc Jonathan Woo 23-Nov-23 BUY 8.60 - -
Tesla Glenn Thum 24-Apr-25 SELL 200.00 - -
ThaiBev Paul Chew 17-Feb-25 ACCUMULATE 0.56 0.505 10.89
THE HONG KONG AND CHINA GAS CO LTD Margaret Li 25-Mar-25 ACCUMULATE 6.90 - -
Thomson Medical Group Paul Chew 18-Feb-25 NEUTRAL 0.048 0.042 14.29
Tianli International Eric Li 15-May-24 ACCUMULATE 6.01 - -
Topsports International Holdings Limited Eric Li 6-Feb-25 ACCUMULATE 3.36 - -
UG Healthcare Paul Chew 30-Aug-22 NEUTRAL 0.200 0.105 90.48
Uni-Asia Grp Paul Chew 16-Jun-23 ACCUMULATE 0.94 0.785 19.75
UOB Glenn Thum 21-Feb-25 ACCUMULATE 41.80 34.36 21.65
Valuetronics Paul Chew 14-Nov-24 BUY 0.785 0.65 20.77
Venture Paul Chew 24-Feb-25 NEUTRAL 10.8 11.41 -5.35
Vertex Technology Acquisition Corporation Ltd Paul Chew 20-Nov-23 REDUCE - -
Vinda International Eric Li 14-Aug-23 SELL 9.78 - -
Vitasoy International Holdings Eric Li 11-Mar-25 BUY 11.66 - -
Wee Hur Yik Ban Chong (Ben) 4-Apr-25 BUY 0.62 0.52 19.23
Weichai Power Zhang Jing 6-Feb-25 BUY 17.97 - -
Wells Fargo & Co Glenn Thum 14-Apr-25 BUY 75.00 - -
Wing Tai Paul Chew 24-Oct-19 NON RATED 1.17 -
XD Inc Elvis Kwok 12-Dec-22 BUY 27.31 - -
Xiaomi Corp Victoria Wei 21-Jul-22 BUY 16.24 - -
Xinyi Energy Holdings Ltd Eric Li 7-Jul-22 ACCUMULATE 4.74 - -
Xinyi Solar Holdings Zhang Jing 14-May-24 BUY 7.26 - -
Xtep International Eric Li 14-Jun-23 ACCUMULATE 9.61 - -
Xtep International Eric Li 7-Nov-24 BUY 8.20 - -
Yankuang Energy Margaret Li 28-Apr-25 ACCUMULATE 8.48 - -
Yoma Strategic Paul Chew 25-Nov-24 NON RATED 0.068 -
Yue Yuen Industrial Holding Eric Li 25-Nov-24 ACCUMULATE 20 - -
Yum China Holdings, Inc Eric Li 6-Nov-24 NEUTRAL 337.00 - -
Zhaojin Mining Industry Co Ltd Margaret Li 19-Feb-25 ACCUMULATE 15.58 - -
Zhongsheng Group Holdings Limited Zhang Jing 23-Aug-21 BUY 99.00 - -
Zixin Group Holdings Limited Phillip Research Team 13-Jan-25 BUY 0.056 0.028 100.00

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