Stock calls for 10 November 2017

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
11/10/17	CIMB	5ER	Best World	1.26	1.4	Hold	11.11	PER14.6x CY18
11/10/17	DBS Vickers	5ER	Best World	1.26	1.45	Hold	15.08	PER17x FY18
11/10/17	phillip	OU8	Centurion	0.535	0.59	Accumulate	10.28	DCF
11/10/17	Kim Eng	C09	City Developments	12.14	13.8	Buy	13.67	RNAV
11/10/17	UOB Kay Hian	C09	City Developments	12.14	11.4	Hold	-6.10	RNAV (12% discount), Buy @ $9.7
11/10/17	CIMB	C09	City Developments	12.14	13.15	Add	8.32	RNAV (20% discount)
11/10/17	DBS Vickers	C09	City Developments	12.14	14.03	Buy	15.57	RNAV, PB1.2x
11/10/17	CIMB	544	CSE Global	0.345	0.31	Reduce	-10.14	PER10x CY19
11/10/17	DBS Vickers	5ME	Ezion	0.197	0.13	Fully Valued	-34.01	PB0.15x FY17
11/10/17	DMG & Partners	F03	Food Empire	0.66	1	Buy	51.52	PER18x FY18
11/10/17	Lim & Tan	TQ5	Frasers Centrepoint Ltd	2.04	0	Buy	-100.00
11/10/17	phillip	H13	Ho Bee	2.57	2.98	Accumulate	15.95	RNAV (30% discount)
11/10/17	DBS Vickers	H78	Hongkong Land	7.32	8.93	Buy	21.99	RNAV (30% discount)
11/10/17	DBS Vickers	CJLU	Netlink	0.825	0.95	Buy	15.15
11/10/17	DBS Vickers	TS0U	OUE Commercial	0.71	0.73	Hold	2.82	DCF
11/10/17	CIMB	C2PU	Parkway Life	2.86	2.93	Hold	2.45	DDM
11/10/17	DBS Vickers	C2PU	Parkway Life	2.86	3.1	Buy	8.39
11/10/17	UOB Kay Hian	S58	SATS	4.71	6	Buy	27.39	DCF, PER24.6x FY18
11/10/17	OCBC	S58	SATS	4.71	5.05	Buy	7.22
11/10/17	CIMB	S58	SATS	4.71	4.81	Hold	2.12	PER20x CY18
11/10/17	phillip	S58	SATS	4.71	5.24	Accumulate	11.25	DCF, PER23.2x FY18
11/10/17	DMG & Partners	BHK	SIIC	0.515	0.54	Neutral	4.85	DCF
11/10/17	CIMB	Z74	Singtel	3.76	4.1	Add	9.04	Sum of parts
11/10/17	Credit Suisse	Z74	Singtel	3.76	4.7	Outperform	25.00
11/10/17	DMG & Partners	Z74	Singtel	3.76	4.1	Neutral	9.04	Sum of parts, PER16.6x FY18, EV/Ebitda15.1x FY18
11/10/17	OCBC	Z74	Singtel	3.76	4.19	Buy	11.44
11/10/17	DBS Vickers	Z74	Singtel	3.76	4.3	Buy	14.36	Sum of parts
11/10/17	UOB Kay Hian	BHQ	Sunningdale	2.15	2.51	Buy	16.74	PER11.4x FY18
11/10/17	DBS Vickers	BHQ	Sunningdale	2.15	2.7	Buy	25.58	PER13x FY18
11/10/17	Lim & Tan	U10	UOB Kay Hian	1.385	0	Buy
11/10/17	Credit Suisse	U14	UOL	8.8	9.4	Outperform	6.82
11/10/17	Kim Eng	U14	UOL	8.8	9.85	Buy	11.93	RNAV (10% discount)
11/10/17	CIMB	U14	UOL	8.8	9.62	Add	9.32	RNAV (20% discount)
11/10/17	DBS Vickers	U14	UOL	8.8	10.15	Buy	15.34	RNAV (20% discount)
11/10/17	Lim & Tan	U14	UOL	8.8	0	Buy	-100.00
11/10/17	DMG & Partners	BN2	Valuetronics	0.995	1.05	Neutral	5.53	DCF