Stock calls for 13 November 2017

Date	Analyst	Company	Last	Target	Call	Valuation
11/13/17	Phillip	800Super	1.175	1.43	Buy	DCF, PER15.9x FY18
11/13/17	DBS Vickers	APAC Realty	0.905	1.12	Buy	DCF & PER15x FY18
11/13/17	phillip	Banyan Tree	0.605	0.71	Accumulate	Sum of parts, PB0.7x FY18
11/13/17	Kim Eng	Bumitama	0.805	0.95	Buy
11/13/17	DBS Vickers	Bumitama	0.805	0.94	Buy
11/13/17	Phillip	Capitaland	3.58	4.19	Accumulate	RNAV (20% discount)
11/13/17	phillip	City Developments	12.2	12.1	Accumulate	RNAV (15% discount), Potential upside $13.50
11/13/17	OCBC	City Developments	12.2	13.5	Buy
11/13/17	Amfrasers	Cityneon	1.095	1.38	Buy	PER15.1x FY18
11/13/17	phillip	Comfortdelgro	2	2.69	Buy	DCF
11/13/17	UOB Kay Hian	Comfortdelgro	2	2.25	Buy	PER16.6x FY18
11/13/17	DBS Vickers	Comfortdelgro	2	2.18	Hold	DCF & PER15.3x FY17/18
11/13/17	Kim Eng	Comfortdelgro	2	2.4	Buy	DCF, PER16x FY18
11/13/17	OCBC	Comfortdelgro	2	2.05	Hold
11/13/17	CIMB	Comfortdelgro	2	2.15	Hold	DCF
11/13/17	Lim & Tan	Comfortdelgro	2	0	Hold
11/13/17	Credit Suisse	Comfortdelgro	2	3.1	Outperform
11/13/17	DBS Vickers	CourtsAsia	0.345	0.36	Hold	PER10x FY19
11/13/17	phillip	F & N	2.6	2.83	Accumulate	Sum of parts, PER27.1x FY18
11/13/17	Kim Eng	First Resources	1.94	2.04	Hold
11/13/17	DBS Vickers	First Resources	1.94	2.13	Buy
11/13/17	DBS Vickers	Hong Leong Finance	2.72	3.2	Buy
11/13/17	DBS Vickers	Indofood Agri	0.455	0.48	Hold
11/13/17	DMG & Partners	ISOTeam	0.345	0.46	Buy	DCF, PER13x FY18
11/13/17	CIMB	Jadason	0.087	0.11	Add	PER12.34x FY19
11/13/17	Lim & Tan	KSH	0.86	0	Hold
11/13/17	CIMB	Memtech	1.14	1.33	Add	PER10x FY19
11/13/17	UOB Kay Hian	Netlink	0.825	0.93	Buy	DCF
11/13/17	Kim Eng	SATS	5.01	5.7	Buy	PER21x FY19/20
11/13/17	Credit Suisse	SATS	5.01	4.6	Neutral
11/13/17	DBS Vickers	Singapore Medical	0.6	0.75	Buy	PER25x FY18/19, PEG0.3x
11/13/17	DBS Vickers	UMS	1.02	1.21	Buy	PER12x FY18
11/13/17	CIMB	UMS	1.02	1.21	Add	GGM, PB2.88x
11/13/17	OCBC	UOL	8.75	9.7	Buy
11/13/17	DBS Vickers	Wilmar	3.31	3.52	Hold
11/13/17	OCBC	Yangzijiang	1.64	1.63	Hold
11/13/17	CIMB	Yangzijiang	1.64	1.8	Add	Sum of parts