Stock calls for 18 December 2017

Date	Analyst	Company	Last	Target	Call	Valuation
12/18/17	DBS Vickers	A-Reit	2.68	2.85	Buy
12/18/17	Kim Eng	CapitaCommercial	1.87	1.8	Hold	Target yield 5%
12/18/17	Kim Eng	Capitaland	3.5	3.75	Hold
12/18/17	DBS Vickers	CDL Hospitality	1.66	1.95	Buy
12/18/17	DBS Vickers	City Developments	12.15	14.03	Buy
12/18/17	Kim Eng	City Developments	12.15	13.8	Buy
12/18/17	DBS Vickers	Frasers Centrepoint Ltd	2.12	2.35	Buy
12/18/17	DBS Vickers	Frasers Centrepoint Trust	2.2	2.37	Buy
12/18/17	OCBC	Frasers Commercial Trust	1.42	1.51	Buy	DDM
12/18/17	DBS Vickers	Frasers Hospitality Trust	0.785	0.89	Buy
12/18/17	Kim Eng	Ho Bee	2.41	3	Buy
12/18/17	Amfrasers	Keppel Corp	7.53	8.67	Buy	Sum of parts
12/18/17	DBS Vickers	Keppel Reit	1.25	1.39	Buy
12/18/17	Kim Eng	Keppel Reit	1.25	1.19	Hold	Target yield 5.25%, Up from $1.16
12/18/17	DBS Vickers	Mapletree Greater China	1.19	1.3	Buy
12/18/17	DBS Vickers	Mapletree Logistics	1.32	1.38	Buy
12/18/17	DIR	SIA Engineering	3.11	3.56	Outperform
12/18/17	Kim Eng	Suntec Reit	2.12	1.89	Hold	Target yield 5.25%, Up from $1.84
12/18/17	Amfrasers	Uni-Asia	1.23	1.85	Buy	Sum of parts, PB0.5x FY17, PER8.2x FY17
12/18/17	Kim Eng	UOL	8.54	9.85	Buy