Phillip Securities Research – Singapore Stocks Coverage

Company Analyst Last report Rating Target Price($) Price($) Upside to TP(%)
17LIVE GROUP Serena Lim Yi Qi 24-Aug-26 REDUCE 0.575 -
361 DEGREES INT Margaret Li 22-Dec-25 BUY 7.47 - -
A Sonic Aerospace Limited Paul Chew 5-Aug-26 NON RATED - -
Aac Technologies Holdings Inc Samuel Sung 26-Nov-21 ACCUMULATE 38.35 - -
Adobe Alif Fahmi 18-Sep-26 NEUTRAL 261.00 - -
Advanced Info Service Public Company Limited - ADVANC Phillip Research Team (Thailand) 23-Sep-24 BUY 1.3 -
Advanced Micro Devices Yik Ban Chong (Ben) 6-Nov-26 BUY 755.00 - -
Advanced Systems Yik Ban Chong (Ben) 23-Oct-24 NON RATED - -
Airbnb Alif Fahmi 11-Aug-26 REDUCE 158.00 - -
Alibaba Megan Tao 27-Aug-25 ACCUMULATE 144 - -
Alibaba - RMB Eric Li 26-Oct-23 BUY 118.95 - -
Alliance Healthcare Group 16-Feb-22 REDUCE 0.18 -
Alphabet-C Serena Lim Yi Qi 27-Jul-26 BUY 425.00 - -
Amazon Helena Wang 2-Nov-26 BUY 330.00 - -
Amova-Straits Trading Asia ex Japan ETF REIT Helena Wang 19-Oct-26 ACCUMULATE 0.765 0.748 2.27
Anthropic Serena Lim Yi Qi 30-Oct-26 REDUCE - -
AOT TH SDR Adisorn Muangparnchon 4-Nov-26 BUY 70.50 2.3 2,965.22
APAC Realty Paul Chew 17-Aug-20 NEUTRAL 0.365 0.46 -20.65
Apple Inc Helena Wang 6-Nov-26 REDUCE 310.00 - -
AppLovin - A Serena Lim Yi Qi 10-Nov-26 BUY 470.00 - -
ARM Holdings - ADR Phillip Research Team 13-Sep-23 NON RATED - -
Ascendas Reit 14-Feb-22 BUY 3.52 2.21 59.28
Ascott Reit 29-Jul-20 BUY 1.080 - -
Asian Pay Tv Tr Paul Chew 21-Nov-22 BUY 0.130 0.07 85.71
ASM Pacific Technologly Ltd Eric Li 7-Jun-22 ACCUMULATE 85.25 - -
AvePoint Helena Wang 13-Nov-26 ACCUMULATE 22.50 21.04 6.94
Baguio Green Group Margaret Li 11-Nov-25 BUY 1.55 - -
Bank of America Glenn Thum 16-Oct-26 BUY 65.00 - -
Bank Of China Megan Tao 14-Jan-25 ACCUMULATE 4.43 - -
BDMS TH SDR 1to2 Sippagon Kanjana 2-Sep-26 BUY 25.00 1.52 1,544.74
BHG Retail Reit 2-Mar-22 NON RATED 0.47 -
Binhai Investment Eric Li 13-Sep-23 BUY 2.20 - -
Block Inc. Ambrish Shah 14-Nov-24 BUY 105.00 - -
Bloks Margaret Li 29-Apr-26 BUY 78.14 - -
BRC Asia Yik Ban Chong (Ben) 24-Aug-26 BUY 5.30 4.12 28.64
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 28-Oct-26 BUY 1.04 0.83 25.30
CapitaLand Investment Limited Darren Chan 5-Nov-26 BUY 3.69 2.38 55.04
CapitaMall Trust 9-May-22 BUY 2.46 2.35 4.68
Cathay Pacific Airways Zhang Jing 15-Apr-26 ACCUMULATE 13.60 - -
Centurion Yik Ban Chong (Ben) 17-Aug-26 BUY 1.94 1.21 60.33
China Aviation Oil (Singapore) Corporation Ltd Hashim Osman 20-Aug-26 BUY 2.15 1.26 70.63
China Literature Elvis Kwok 28-Jun-23 NEUTRAL 36.20 - -
China Mobile HK Eric Li 21-May-25 REDUCE 81.66 - -
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 - -
China Risun Group Margaret Li 12-Nov-25 REDUCE 3.13 - -
China Unicom Eric Li 3-Jun-25 NEUTRAL 9.19 - -
Chow Tai Fook Jewellery Group Limited Eric Li 5-Sep-22 NEUTRAL 15.52 - -
CityDev Darren Chan 29-Sep-26 BUY 11.32 6.64 70.48
Clearbridge Phillip Research Team 31-Aug-20 BUY 0.26 0.001 25,900.00
CMGE Technology Group Elvis Kwok 24-May-23 BUY 3.00 - -
CMOC Group Limited Margaret Li 11-Feb-26 ACCUMULATE 26.97 - -
CNMC Goldmine Hashim Osman 19-Aug-26 BUY 2.01 1.03 95.15
ComfortDelGro Paul Chew 24-Aug-26 NEUTRAL 1.21 1.29 -6.20
Cosco Shipping Margaret Li 28-May-24 ACCUMULATE 12.72 - -
CP ALL TH SDR Napasak Srisakda 9-Jul-26 REDUCE 1.85 -
CSOP iEdge SREIT ETF S$ Helena Wang 19-Oct-26 ACCUMULATE 0.715 0.687 4.08
Dasin Retail Tr 7-Dec-20 BUY 0.900 0.02 4,400.00
DBS Glenn Thum 6-Nov-26 ACCUMULATE 76.00 71 7.04
Del Monte Pac Paul Chew 15-Mar-23 BUY 0.400 0.052 669.23
Delta TH SDR 1to1 Totsawan Tammasuk 4-Nov-26 BUY 313.00 7.25 4,217.24
Disney Co Walt Helena Wang 11-Aug-26 BUY 130.00 - -
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 Hashim Osman 3-Nov-26 BUY 0.40 0.3 33.33
Enn Energy Holdings Margaret Li 16-Jul-25 ACCUMULATE 72.86 - -
Ever Glory Yik Ban Chong (Ben) 12-Aug-25 BUY 0.81 0.675 20.00
Ever Glory A Yik Ban Chong (Ben) 27-Aug-26 BUY 1.20 0.4 200.00
Far East HTrust Liu Miaomiao 31-Jul-25 BUY 0.70 0.505 38.61
First Reit Darren Chan 30-Oct-26 ACCUMULATE 0.17 0.175 -2.86
First Sponsor Terence Chua 2-Nov-22 ACCUMULATE 1.390 0.965 44.04
Flat Glass Group Zhang Jing 19-Nov-25 REDUCE 14.4 - -
Food Empire Paul Chew 5-Sep-23 NON RATED 1.79 -
Fortress Minerals 4-May-22 BUY 0.660 0.2 230.00
Fortress Minerals Ltd 19-Jan-22 ACCUMULATE 0.500 - -
Frasers Cpt Tr Darren Chan 26-Oct-26 BUY 2.50 2.14 16.82
Frasers L&I Tr AUD Darren Chan 10-Nov-26 ACCUMULATE 1.01 - -
Frasers Property Darren Chan 8-Dec-25 NON RATED 0.91 -
Frencken Yik Ban Chong (Ben) 17-Aug-26 BUY 3.30 1.84 79.35
FSE Lifestyle Services Eric Li 31-Jan-24 ACCUMULATE 6.45 - -
Fuxing China Serena Lim Yi Qi 26-Jan-26 NON RATED 0.43 -
Fuyao Glass Industry Group Zhang Jing 10-Nov-25 ACCUMULATE 80.8 - -
Geely Automobile Holdings Limited Zhang Jing 20-Apr-26 ACCUMULATE 26.60 - -
Geo Energy Res Paul Chew 31-Aug-26 BUY 0.75 0.505 48.51
Giant Biogene Margaret Li 7-Oct-25 ACCUMULATE 73.72 - -
Global X Lithium & Battery Tech ETF Louis Tan 4-Jan-22 REDUCE - -
Goldwind Science & Technology Margaret Li 19-Jan-26 BUY 19.21 - -
GOOGLE inc. Serena Lim Yi Qi 2-Nov-26 BUY 375.00 - -
Grab - A Helena Wang 10-Nov-26 BUY 6.50 - -
Great Wall Motor Company Limited Zhang Jing 20-Mar-26 BUY 17.00 - -
Guangzhou Automobile Group Co Ltd Zhang Jing 15-Feb-22 BUY 22.00 - -
Gulf Dev TH SDR 1to1 Natthanon Monklang 29-Jun-26 ACCUMULATE 60.00 2.37 2,431.65
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 0.15 186.67
Hong Kong Exchanges and Clearing Limited Eric Li 22-Apr-22 BUY 464.70 - -
HRnetGroup Paul Chew 17-Aug-26 ACCUMULATE 0.82 0.67 22.39
Hua Hong Semiconductor Megan Tao 25-Feb-25 ACCUMULATE 30.30 - -
Hyphens Pharma Paul Chew 24-Aug-26 BUY 0.46 0.345 33.33
IFAST Zane Aw 27-Mar-25 TRADING BUY 8.06 -
Intron Technology Zhang Jing 8-Sep-23 ACCUMULATE 4.15 - -
IREIT Global 1-Mar-21 ACCUMULATE 0.700 0.161 334.78
IX Biopharma Paul Chew 8-Sep-26 BUY 1.00 0.48 108.33
Jason Marine Phillip Research Team 15-Jul-19 NON RATED 0.15 -
JD.com Inc Megan Tao 15-Apr-25 BUY 200.30 - -
JEP Yik Ban Chong (Ben) 6-Oct-26 BUY 0.83 0.485 71.13
Jiangsu Zenergy Battery Technologies Group Zhang Jing 21-Jul-26 BUY 9 - -
Jiangxi Copper Margaret Li 6-Aug-25 ACCUMULATE 18.22 - -
JNBY Design Eric Li 19-Mar-24 NEUTRAL 15.27 - -
JPMorgan Chase & Co Glenn Thum 15-Oct-26 ACCUMULATE 370.00 - -
Karrie International Eric Li 25-Feb-25 ACCUMULATE 0.98 - -
KBank TH SDR Adisorn Muangparnchon 23-Oct-26 BUY 261.00 9.36 2,688.46
Keppel DC Reit Darren Chan 26-Oct-26 ACCUMULATE 2.33 2.17 7.37
Keppel Limited Paul Chew 2-Nov-26 BUY 13.80 9.89 39.53
Koda Paul Chew 5-Sep-22 NEUTRAL 0.50 0.28 78.57
Koufu Terence Chua 6-Sep-21 NEUTRAL 0.640 - -
Kuaishou Technology Megan Tao 21-Jul-25 ACCUMULATE 73.00 - -
L'Occitane International S.A. Eric Li 31-Oct-22 BUY 25.89 - -
Laopu Gold Margaret Li 17-Apr-26 BUY 815.96 - -
Lee & Man Paper Manufacturing Limited Eric Li 15-Nov-22 BUY 3.70 - -
Lendlease Reit Hashim Osman 3-Nov-26 BUY 0.73 0.54 35.19
LHN Paul Chew 28-May-26 BUY 0.77 0.465 65.59
Lian Beng 26-Jan-22 NON RATED - -
LION-PHILLIP S-REIT Helena Wang 12-Oct-26 ACCUMULATE 0.85 0.765 11.11
ManulifeReit USD 11-May-22 BUY 0.86 0.033 2,506.06
Mao Geping Cosmetics Margaret Li 17-Sep-25 ACCUMULATE 108.52 - -
Maxi-Cash Fin Tan Tze Yi 24-Sep-26 REDUCE 0.3 -
Meituan - RMB Megan Tao 16-Sep-25 ACCUMULATE 118.30 - -
Meituan - W Megan Tao 16-Sep-25 ACCUMULATE 118.30 - -
Memiontec Hldgs Phillip Research Team 13-May-24 NON RATED 0.007 -
META Platforms Serena Lim Yi Qi 26-Oct-26 BUY 780.00 - -
Micro-Mechanics Paul Chew 8-Feb-21 NEUTRAL 3.35 2.3 45.65
Micron Tech Yik Ban Chong (Ben) 5-Oct-26 BUY 1950.00 - -
Microsoft Corporation Alif Fahmi 2-Nov-26 NEUTRAL 515.00 - -
MINISO Margaret Li 1-Apr-26 BUY 39.20 - -
Minth Group Zhang Jing 5-Nov-25 ACCUMULATE 32.60 - -
MM2 Asia Paul Chew 15-Feb-21 NON RATED 0.003 -
Nanofilm Yik Ban Chong (Ben) 4-Nov-26 BUY 1.20 0.75 60.00
NetDragon Megan Tao 18-Nov-25 ACCUMULATE 14.1 - -
Netease Inc Phillip (HK) Research Team 9-Nov-22 BUY 98.70 - -
Netflix Inc Helena Wang 23-Oct-26 ACCUMULATE 100.00 - -
NetLink NBN Tr Paul Chew 2-Nov-26 NEUTRAL 0.96 0.925 3.78
NikkoAM-STC Asia REIT Helena Wang 26-Nov-25 ACCUMULATE 0.84 0.748 12.30
Nongfu Spring Co Ltd Phillip (HK) Research Team 14-Dec-21 BUY 64.59 - -
Nordic Hashim Osman 14-Aug-26 BUY 0.68 0.485 40.21
Nvidia Yik Ban Chong (Ben) 31-Aug-26 BUY 300.00 - -
OCBC Bank Glenn Thum 10-Nov-26 ACCUMULATE 30.50 28.67 6.38
Oiltek Paul Chew 4-Sep-26 BUY 2.00 1.06 88.68
Oracle Alif Fahmi 4-Nov-26 BUY 225.00 - -
Oriental Watch Holdings Ltd Eric Li 9-May-23 ACCUMULATE 5.14 - -
OUE Com Reit Hashim Osman 23-Oct-26 BUY 0.43 0.35 22.86
OUE REIT Phillip Research Team 25-Jul-25 BUY 0.40 0.91 -56.04
Pacific Radiance Paul Chew 14-Sep-26 NON RATED 0.047 -
Palantir Technologies - A Alif Fahmi 11-Aug-26 BUY 215.00 - -
Palo Alto Networks Alif Fahmi 7-Sep-26 NEUTRAL 346.00 - -
PanUnited Yik Ban Chong (Ben) 17-Aug-26 BUY 1.96 1.43 37.06
Paypal Holdings Inc Ambrish Shah 1-Nov-24 ACCUMULATE 90 - -
Penguin Intl Paul Chew 3-Jun-20 ACCUMULATE 0.550 1.65 -66.67
Perfect Medical Eric Li 2-Jan-24 BUY 4.37 - -
PHIL AP DIV REIT US$ Helena Wang 22-Apr-26 ACCUMULATE 1.14 0.844 35.07
Phillip Sing Income ETF Helena Wang 20-Aug-26 ACCUMULATE 1.820 1.517 19.97
Pinterest Inc-Class A Serena Lim Yi Qi 6-Nov-26 BUY 25.00 - -
Plover bay Technologies Eric Li 24-Mar-25 ACCUMULATE 6.58 - -
Pop Mart International Group Limited Margaret Li 13-May-26 NEUTRAL 158.90 - -
PRIME US REIT USD Darren Chan 13-Nov-26 BUY 0.21 0.112 87.50
Property Guru Maximilian Koeswoyo 6-Mar-23 ACCUMULATE 5.20 - -
propnex Paul Chew 17-Aug-26 ACCUMULATE 2.08 - -
PropNex Paul Chew 3-Mar-26 ACCUMULATE 2.08 1.65 26.06
PT Telekom Indonesia Edo Ardiansyah 7-Oct-26 REDUCE - -
PTTEP TH SDR Totsawan Tammasuk 4-Nov-26 NEUTRAL 140.00 5.47 2,459.41
Q&M Dental Paul Chew 7-Sep-26 BUY 0.71 0.48 47.92
Raffles Edu Hashim Osman 12-Nov-26 BUY 0.20 0.082 143.90
Raffles Medical Paul Chew 29-Jul-26 NEUTRAL 0.92 0.85 8.24
Reddit - A Serena Lim Yi Qi 4-Nov-26 BUY 140.00 - -
Resources Gbl Peggy Mak 11-Mar-24 NON RATED - -
Robosense Technology Zhang Jing 28-Mar-25 ACCUMULATE 48 - -
Salesforce Inc Alif Fahmi 31-Aug-26 NEUTRAL 243.00 - -
Santak Paul Chew 14-Nov-22 ACCUMULATE 1.15 0.029 3,865.52
Sasseur Reit Helena Wang 21-Sep-26 NON RATED 0.615 -
Sasseur REIT Liu Miaomiao 15-Aug-25 BUY 0.78 0.615 26.83
SATS Hashim Osman 24-Aug-26 BUY 5.01 4.17 20.14
Sea Ltd Helena Wang 17-Aug-26 BUY 170.00 - -
Sembcorp Ind Paul Chew 20-Aug-26 BUY 7.21 5.76 25.17
Semiconductor Manufacturing Megan Tao 3-Nov-25 ACCUMULATE 87 - -
SGX Glenn Thum 17-Aug-26 NEUTRAL 25.00 20.75 20.48
Shanghai Chicmax Cosmetic Margaret Li 17-Mar-26 BUY 78.64 - -
Sheng Siong Paul Chew 2-Nov-26 NEUTRAL 2.75 2.36 16.53
Shopify -A Helena Wang 10-Nov-26 ACCUMULATE 170.00 - -
SIA Engineering Hashim Osman 5-Nov-26 BUY 2.93 -
Siam Cement Public Co. Ltd Totsawan Tammasuk 4-Nov-26 REDUCE 0.92 -
Silverlake Axis Glenn Thum 29-Aug-24 NON RATED - -
Singapore Airlines Hashim Osman 13-Nov-26 NEUTRAL 7.06 7.25 -2.62
Singapore Telecommunications Ltd Paul Chew 17-Aug-26 BUY 5.20 4.15 25.30
Sinotruk Hong Kong Ltd Zhang Jing 14-Feb-24 BUY 24.10 - -
Snowflake Alif Fahmi 28-Sep-26 BUY 423.00 - -
Soilbuild Const Yik Ban Chong (Ben) 21-Aug-26 BUY 1.20 - -
SoilbuildConstr Yik Ban Chong (Ben) 4-Mar-26 BUY 1.40 0.51 174.51
Southern Pkg 23-May-22 NON RATED 0.325 -
SpaceX Glenn Thum 23-Oct-26 BUY 250.00 - -
Spotify Helena Wang 26-Oct-26 ACCUMULATE 650.00 - -
ST Engineering Paul Chew 17-Aug-26 BUY 13.00 9.76 33.20
StarHub Paul Chew 24-Aug-26 NEUTRAL 1.07 1.03 3.88
Stoneweg European Stapled Trust Darren Chan 13-Nov-26 BUY 1.70 1.48 14.86
Straits Trading Phillip Research Team 12-Jun-19 NON RATED 1.44 -
Sunny Optical Megan Tao 17-Mar-25 ACCUMULATE 97.32 - -
Suntec Reit Darren Chan 26-Oct-26 BUY 1.61 1.36 18.38
TDCX Inc Jonathan Woo 23-Nov-23 BUY 8.60 - -
TeleChoice Intl Paul Chew 20-Aug-26 BUY 0.33 0.22 50.00
Tencent Holdings Megan Tao 17-Sep-25 ACCUMULATE 682 - -
Tencent Music Entertainment - A Megan Tao 28-Jul-25 ACCUMULATE 96 - -
Tesla Glenn Thum 23-Oct-26 SELL 230.00 - -
ThaiBev Paul Chew 29-Jun-26 BUY 0.53 0.43 23.26
Thakral Phillip Research Team 25-Aug-26 BUY 1.35 -
THE HONG KONG AND CHINA GAS CO LTD Margaret Li 25-Mar-25 ACCUMULATE 6.90 - -
Thomson Medical Group Paul Chew 31-Aug-26 BUY 0.71 0.047 1,410.64
Tianli International Eric Li 15-May-24 ACCUMULATE 6.01 - -
Topsports International Holdings Limited Eric Li 6-Feb-25 ACCUMULATE 3.36 - -
Trip.com Group Megan Tao 8-Oct-25 NEUTRAL 610 - -
UG Healthcare Paul Chew 30-Aug-22 NEUTRAL 0.200 0.072 177.78
ULTRAGREEN AI USD Hashim Osman 30-Oct-26 BUY 0.73 0.385 89.61
Uni-Asia Grp Paul Chew 16-Jun-23 ACCUMULATE 0.94 0.915 2.73
United Hampshire Reit USD Darren Chan 18-Aug-26 BUY 0.69 0.435 58.62
UOB Glenn Thum 5-Nov-26 NEUTRAL 38.00 37.77 0.61
Valuetronics Paul Chew 12-Nov-26 ACCUMULATE 1.02 0.95 7.37
Venture Paul Chew 10-Nov-26 BUY 19.50 14.87 31.14
Vertex Technology Acquisition Corporation Ltd Paul Chew 20-Nov-23 REDUCE - -
Vinda International Eric Li 14-Aug-23 SELL 9.78 - -
VinFast Auto Glenn Thum 25-Sep-26 NON RATED - -
Vitasoy International Holdings Eric Li 11-Mar-25 BUY 11.66 - -
Wee Hur Yik Ban Chong (Ben) 10-Nov-26 BUY 1.08 0.61 77.05
Weichai Power Zhang Jing 11-Feb-26 BUY 34.60 - -
Wells Fargo & Co Glenn Thum 15-Oct-26 BUY 105.00 - -
Wilmar Intl Liu Miaomiao 21-May-25 NON RATED 2.95 -
Wing Tai Paul Chew 24-Oct-19 NON RATED 1.43 -
XD Inc Elvis Kwok 12-Dec-22 BUY 27.31 - -
Xiaomi Corp Megan Tao 25-Jun-25 ACCUMULATE 60 - -
Xinyi Energy Holdings Ltd Eric Li 7-Jul-22 ACCUMULATE 4.74 - -
Xinyi Glass Zhang Jing 10-Sep-25 ACCUMULATE 9.20 - -
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 - -
Yangzijiang Maritime Development Ltd Glenn Thum 19-Aug-26 ACCUMULATE 0.68 0.58 17.24
Yankuang Energy Margaret Li 28-Apr-25 ACCUMULATE 8.48 - -
Yoma Strategic Paul Chew 5-Oct-26 NON RATED 0.078 -
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 Serena Lim Yi Qi 16-Jun-26 BUY 0.06 0.025 140.00

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