Metro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/26/16	Lim & Tan	Metro	1.09	0	Hold
10/12/16	Lim & Tan	Metro	1.01	0	Hold
05/30/17	Lim & Tan	Metro	1.17	0	Hold

Mermaid Maritime - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/17/16	DBS Vickers	Mermaid Maritime	0.116	0.09	Fully Valued	PB0.2x FY16
03/01/16	DBS Vickers	Mermaid Maritime	0.104	0.09	Fully Valued
05/25/16	DBS Vickers	Mermaid Maritime	0.102	0.09	Fully Valued
06/10/16	CIMB	Mermaid Maritime	0.122	0.16	Add	PB0.5x FY16
09/30/16	CIMB	Mermaid Maritime	0.102	0.16	Add
10/21/16	CIMB	Mermaid Maritime	0.103	0.16	Add	PB0.5x FY16
11/16/16	CIMB	Mermaid Maritime	0.119	0.17	Add	PB0.5x FY17
11/16/16	DBS Vickers	Mermaid Maritime	0.119	0.12	Hold	PB0.35x FY17
12/05/16	CIMB	Mermaid Maritime	0.145	0.17	Add	PB0.5x FY17
12/05/16	DBS Vickers	Mermaid Maritime	0.145	0.14	Hold
01/03/17	CIMB	Mermaid Maritime	0.15	0.24	Add	PB0.65x CY17
01/09/17	DBS Vickers	Mermaid Maritime	0.195	0.24	Buy	PB0.7x FY17
03/02/17	CIMB	Mermaid Maritime	0.2	0.28	Add	PB0.77x FY17
03/02/17	DBS Vickers	Mermaid Maritime	0.2	0.25	Buy	DCF & PER0.7x
05/17/17	CIMB	Mermaid Maritime	0.18	0.19	Hold	PB0.56x FY17
05/17/17	DBS Vickers	Mermaid Maritime	0.18	0.2	Hold	Sum of parts
08/18/17	CIMB	Mermaid Maritime	0.143	0.14	Reduce	PB0.4x FY17
08/18/17	DBS Vickers	Mermaid Maritime	0.143	0.14	Hold	PB0.6x
09/14/17	CIMB	Mermaid Maritime	0.126	0.14	Reduce
11/16/17	CIMB	Mermaid Maritime	0.138	0.14	Reduce	PB0.4x CY17
11/17/17	DBS Vickers	Mermaid Maritime	0.138	0.14	Hold	PB0.6x
01/12/18	CIMB	Mermaid Maritime	0.139	0.14	Hold	PB0.43x CY18
01/23/18	DBS Vickers	Mermaid Maritime	0.155	0.14	Hold

Stock calls for 31 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/31/18	DBS Vickers	China Aviation Oil	1.65	2.08	Buy	PER13x FY18
01/31/18	Phillip	Micro-Mechanics	2.35	2.5	Accumulate
01/31/18	DBS Vickers	OUE Hospitality	0.885	0.93	Buy	DCF
01/31/18	Lim & Tan	OUE Hospitality	0.885	0	Hold

Taiwanese ex-judge was caught selling coal for North Korea!

http://www.taipeitimes.com/News/front/archives/2018/01/31/2003686741

After a Taiwanese businessman was caught selling oil to North Korea in international water, another Taiwanese ex-judge was caught selling coal for North Korea to Vietnam.

We know now that Vietnam has been buying North Korea's coal for a long time.  How will the USA deal with Taiwan & Vietnam?

Let's see.

Indian man raped an 8-month old baby!

https://sg.news.yahoo.com/outcry-india-eight-month-old-baby-girl-raped-cousin-094544449.html

Indian men are just beasts!

They can get sexually excited easily when they see babies and women.

https://sg-stock.blogspot.sg/2017/11/indian-man-raped-18-month-toddler.html

https://sg-stock.blogspot.sg/2017/02/visit-india-at-your-own-risk.html

https://sg-stock.blogspot.sg/2017/10/here-we-go-again-indian-man-raped-woman.html

Bitcoin encourages illegal money transfers.

https://finance.yahoo.com/news/south-korea-says-uncovered-600-million-cryptocurrency-crimes-024544384--business.html

This kind of illegal money transfer will prompt the Korean government to do more to ban crypto trading because bitcoin will disrupt monetary policies such as capital control in times of economic downturns.

We've stated this a couple of times.

http://sg-stock.blogspot.sg/2017/09/china-has-made-decision-to-shut-down.html

Memtech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/16	OCBC	Memtech	0.615	0.72	Hold	Stock consol 5-into-1
02/29/16	CIMB	Memtech	0.595	0.94	Add	PER9x CY17
02/29/16	OCBC	Memtech	0.595	0.725	Hold	PER9.1x
03/07/16	OCBC	Memtech	0.65	0.725	Hold
03/17/16	CIMB	Memtech	0.63	0.94	Add
04/01/16	OCBC	Memtech	0.7	0.725	Hold
04/29/16	Amfrasers	Memtech	0.73	0.69	Hold
05/03/16	OCBC	Memtech	0.69	0.68	Hold	PER11.1x
05/04/16	CIMB	Memtech	0.69	0.86	Add	PER9x CY17
06/01/16	OCBC	Memtech	0.665	0.68	Hold
06/20/16	CIMB	Memtech	0.66	0.86	Add	PER9x CY17
08/10/16	OCBC	Memtech	0.63	0.5	Hold
08/15/16	Amfrasers	Memtech	0.57	0.52	Hold	PER8x FY16/17
08/15/16	CIMB	Memtech	0.57	0.64	Add	PER8x FY17
08/17/16	OCBC	Memtech	0.58	0.48	Hold	PER11.1x FY16/17
09/13/16	OCBC	Memtech	0.6	0.48	Hold
11/14/16	Amfrasers	Memtech	0.595	0.67	Buy	PER8x FY17
11/14/16	CIMB	Memtech	0.595	0.74	Add	PER8x CY18
11/14/16	OCBC	Memtech	0.595	0.76	Buy	PER11.1x FY17
12/06/16	CIMB	Memtech	0.63	0.74	Add	PER8x CY18
01/10/17	OCBC	Memtech	0.635	0.76	Buy
02/27/17	CIMB	Memtech	0.65	0.76	Add	PER8x FY18
02/27/17	OCBC	Memtech	0.65	0.77	Hold	PER11.1x FY17, Buy @ $0.60 or lower
04/25/17	Lim & Tan	Memtech	0.79	1	Buy	PER10.6x, PB0.9x
04/25/17	UOB Kay Hian	Memtech	0.79	1.05	Buy
04/28/17	CIMB	Memtech	0.875	1.09	Add	PER10x FY18
05/02/17	OCBC	Memtech	0.855	0.85	Hold
05/19/17	CIMB	Memtech	0.785	1.09	Add	PER10x FY18
05/29/17	Lim & Tan	Memtech	0.92	1.1	Buy	PER11x, PB1x
05/30/17	UOB Kay Hian	Memtech	0.97	1.15	Buy	PER12.5x FY17
07/03/17	UOB Kay Hian	Memtech	0.895	1.15	Buy	PER12.5x FY17
07/05/17	CIMB	Memtech	0.905	1.09	Add
07/06/17	OCBC	Memtech	0.91	0.85	Hold
07/28/17	Lim & Tan	Memtech	1.005	0	Buy
08/04/17	CIMB	Memtech	1.035	1.16	Add	PER10.4x FY18
08/08/17	UOB Kay Hian	Memtech	1.02	1.15	Buy	PER12.5x FY17
08/11/17	UOB Kay Hian	Memtech	1.04	1.18	Buy	PER10.3x FY18
08/11/17	Lim & Tan	Memtech	1.04	1.13	Buy	PB1x
09/05/17	UOB Kay Hian	Memtech	0.945	1.18	Buy	PER10.3x FY18
10/04/17	UOB Kay Hian	Memtech	1.01	1.18	Buy	PER10.3x FY18
10/11/17	UOB Kay Hian	Memtech	1.045	1.33	Buy	PER11.6x FY18
10/11/17	Lim & Tan	Memtech	1.045	1.3	Buy	PER13.7x
11/02/17	UOB Kay Hian	Memtech	1.175	1.33	Buy
11/13/17	CIMB	Memtech	1.14	1.33	Add	PER10x FY19
12/20/17	CIMB	Memtech	1.09	1.33	Add
01/10/18	CIMB	Memtech	1.15	1.33	Add
01/24/18	CLSA	Memtech	1.28	2	Buy	PEG0.45x, PER15x CY18

Mapletree Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	UOB Kay Hian	Mapletree Logistics	0.99	1.28	Buy
01/08/16	DBS Vickers	Mapletree Logistics	0.985	1.15	Buy	DCF
01/26/16	Deutsche	Mapletree Logistics	0.91	1.1	Buy
01/26/16	DIR	Mapletree Logistics	0.91	1.04	Outperform	DDM
01/26/16	OCBC	Mapletree Logistics	0.91	1.04	Buy	DDM
01/27/16	DMG & Partners	Mapletree Logistics	0.93	0.89	Neutral	DDM, PB0.87x
02/25/16	Deutsche	Mapletree Logistics	0.97	1.1	Buy
03/17/16	DMG & Partners	Mapletree Logistics	0.98	0.89	Neutral
03/24/16	Deutsche	Mapletree Logistics	1.01	1.1	Buy
03/28/16	UOB Kay Hian	Mapletree Logistics	1.005	1.28	Buy
04/05/16	Deutsche	Mapletree Logistics	1.005	1.1	Buy
04/13/16	Kim Eng	Mapletree Logistics	1.005	1.06	Not Rated
04/15/16	DBS Vickers	Mapletree Logistics	1.01	1.15	Buy
04/27/16	UOB Kay Hian	Mapletree Logistics	1.085	1.28	Buy
05/03/16	CIMB	Mapletree Logistics	1.08	1.02	Hold	DDM
05/03/16	Credit Suisse	Mapletree Logistics	1.08	1.08	Neutral
05/03/16	DBS Vickers	Mapletree Logistics	1.08	1.1	Hold
05/03/16	OCBC	Mapletree Logistics	1.08	1.02	Hold
05/04/16	DIR	Mapletree Logistics	1.05	1.02	Hold	DDM
05/17/16	Deutsche	Mapletree Logistics	0.98	1.05	Buy
05/17/16	DMG & Partners	Mapletree Logistics	0.98	0.89	Neutral
06/29/16	Lim & Tan	Mapletree Logistics	1	0	Hold
06/29/16	OCBC	Mapletree Logistics	1	1.02	Hold
06/29/16	UOB Kay Hian	Mapletree Logistics	1	1.28	Buy
06/30/16	DIR	Mapletree Logistics	1	1	Hold	DDM
07/04/16	DMG & Partners	Mapletree Logistics	1	0.89	Neutral
07/18/16	UOB Kay Hian	Mapletree Logistics	1.05	1.32	Buy
07/19/16	Credit Suisse	Mapletree Logistics	1.045	1.12	Neutral
07/26/16	Deutsche	Mapletree Logistics	1.06	1.05	Buy
07/26/16	DIR	Mapletree Logistics	1.06	1.04	Hold	DDM
07/26/16	Lim & Tan	Mapletree Logistics	1.06	0	Hold
07/26/16	OCBC	Mapletree Logistics	1.06	1.04	Hold
07/27/16	CIMB	Mapletree Logistics	1.065	1.04	Hold	DDM
07/27/16	DBS Vickers	Mapletree Logistics	1.065	1.15	Buy
07/27/16	UOB Kay Hian	Mapletree Logistics	1.065	1.28	Buy	DDM
08/16/16	DBS Vickers	Mapletree Logistics	1.06	1.15	Buy
08/16/16	Deutsche	Mapletree Logistics	1.06	1.15	Buy
08/31/16	Credit Suisse	Mapletree Logistics	1.075	1.12	Neutral
09/26/16	DMG & Partners	Mapletree Logistics	1.08	0.89	Neutral
09/26/16	Lim & Tan	Mapletree Logistics	1.08	0	Hold
09/29/16	UOB Kay Hian	Mapletree Logistics	1.08	1.28	Buy	DDM
10/14/16	DIR	Mapletree Logistics	1.045	1.04	Hold
10/25/16	Lim & Tan	Mapletree Logistics	1.055	0	Hold
10/25/16	OCBC	Mapletree Logistics	1.055	1.05	Hold
10/26/16	CIMB	Mapletree Logistics	1.055	1.03	Hold	DDM
10/26/16	Credit Suisse	Mapletree Logistics	1.055	1.12	Neutral
10/26/16	DBS Vickers	Mapletree Logistics	1.055	1.15	Buy
10/26/16	UOB Kay Hian	Mapletree Logistics	1.055	1.21	Buy
11/16/16	Deutsche	Mapletree Logistics	0.975	1.15	Buy
12/05/16	DMG & Partners	Mapletree Logistics	1.015	0.89	Neutral
12/07/16	Deutsche	Mapletree Logistics	1.015	1.15	Buy
12/09/16	UOB Kay Hian	Mapletree Logistics	1.025	1.2	Buy
12/16/16	CIMB	Mapletree Logistics	0.995	1.02	Hold	DDM
12/19/16	Lim & Tan	Mapletree Logistics	1	0	Hold
01/09/17	DBS Vickers	Mapletree Logistics	1.04	1.15	Buy
01/24/17	DIR	Mapletree Logistics	1.06	1.04	Hold	DDM
01/24/17	UOB Kay Hian	Mapletree Logistics	1.06	1.2	Buy	DDM
01/25/17	CIMB	Mapletree Logistics	1.055	1.02	Hold	DDM
01/25/17	OCBC	Mapletree Logistics	1.055	1.06	Hold
01/31/17	Credit Suisse	Mapletree Logistics	1.055	1.12	Neutral
02/28/17	Deutsche	Mapletree Logistics	1.07	1.15	Buy
03/07/17	UOB Kay Hian	Mapletree Logistics	1.06	1.2	Buy
03/24/17	OCBC	Mapletree Logistics	1.08	1.06	Hold
03/30/17	DBS Vickers	Mapletree Logistics	1.09	1.28	Buy
03/30/17	DIR	Mapletree Logistics	1.09	1.09	Hold	DDM
04/11/17	UOB Kay Hian	Mapletree Logistics	1.11	1.2	Buy
04/18/17	DIR	Mapletree Logistics	1.105	1.09	Hold
04/18/17	Kim Eng	Mapletree Logistics	1.105	1.2	Hold	DDM
05/02/17	CIMB	Mapletree Logistics	1.13	1.1	Hold	DDM
05/02/17	DBS Vickers	Mapletree Logistics	1.13	1.28	Buy
05/02/17	DIR	Mapletree Logistics	1.13	1.1	Hold	DDM
05/02/17	Kim Eng	Mapletree Logistics	1.13	1.2	Buy	DDM
05/02/17	OCBC	Mapletree Logistics	1.13	1.14	Hold	DDM
05/25/17	Deutsche	Mapletree Logistics	1.155	1.2	Buy
05/25/17	UOB Kay Hian	Mapletree Logistics	1.155	1.29	Buy
06/12/17	DBS Vickers	Mapletree Logistics	1.2	1.28	Buy
06/22/17	Deutsche	Mapletree Logistics	1.18	1.2	Buy
06/22/17	Kim Eng	Mapletree Logistics	1.18	1.2	Hold
07/03/17	Kim Eng	Mapletree Logistics	1.2	1.2	Hold
07/05/17	Lim & Tan	Mapletree Logistics	1.195	0	Hold
07/11/17	DIR	Mapletree Logistics	1.19	1.07	Underperform	DDM
07/11/17	OCBC	Mapletree Logistics	1.19	1.15	Hold	DDM
07/25/17	UOB Kay Hian	Mapletree Logistics	1.22	1.29	Buy	DDM
07/25/17	Credit Suisse	Mapletree Logistics	1.22	1.15	Neutral
07/26/17	CIMB	Mapletree Logistics	1.235	1.12	Hold	DDM
07/26/17	DBS Vickers	Mapletree Logistics	1.235	1.28	Buy	DCF
08/14/17	OCBC	Mapletree Logistics	1.19	1.15	Hold
08/15/17	DBS Vickers	Mapletree Logistics	1.19	1.28	Buy
08/30/17	Kim Eng	Mapletree Logistics	1.21	1.19	Hold	DDM
08/30/17	CIMB	Mapletree Logistics	1.21	1.13	Hold	DDM
08/30/17	Lim & Tan	Mapletree Logistics	1.21	0	Hold
08/31/17	OCBC	Mapletree Logistics	1.23	1.35	Buy
09/22/17	OCBC	Mapletree Logistics	1.2	1.35	Buy
09/27/17	DIR	Mapletree Logistics	1.205	1.1	Underperform
10/05/17	OCBC	Mapletree Logistics	1.24	1.35	Buy
10/20/17	DBS Vickers	Mapletree Logistics	1.225	1.38	Buy
10/23/17	UOB Kay Hian	Mapletree Logistics	1.24	1.29	Buy
10/24/17	Lim & Tan	Mapletree Logistics	1.275	0	Hold
10/25/17	Credit Suisse	Mapletree Logistics	1.255	1.18	Neutral
10/25/17	Kim Eng	Mapletree Logistics	1.255	1.25	Hold	DDM
10/25/17	CIMB	Mapletree Logistics	1.255	1.21	Hold	DDM
11/30/17	OCBC	Mapletree Logistics	1.26	1.35	Buy
12/01/17	UOB Kay Hian	Mapletree Logistics	1.27	1.37	Buy
12/06/17	Lim & Tan	Mapletree Logistics	1.28	0	Hold
12/18/17	DBS Vickers	Mapletree Logistics	1.32	1.38	Buy
01/09/18	DBS Vickers	Mapletree Logistics	1.36	1.38	Buy
01/10/18	Lim & Tan	Mapletree Logistics	1.35	0	Hold
01/23/18	UOB Kay Hian	Mapletree Logistics	1.35	1.41	Hold	DDM
01/23/18	OCBC	Mapletree Logistics	1.35	1.35	Buy
01/24/18	CIMB	Mapletree Logistics	1.38	1.43	Add	DDM
01/24/18	Credit Suisse	Mapletree Logistics	1.38	1.18	Neutral
01/24/18	OCBC	Mapletree Logistics	1.38	1.48	Buy
01/24/18	DBS Vickers	Mapletree Logistics	1.38	1.45	Buy

Stock calls for 30 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/30/18	DBS Vickers	Ascendas Hospitality Trust	0.875	0.91	Buy
01/30/18	DBS Vickers	Ascendas India Trust	1.13	1.25	Buy
01/30/18	UOB Kay Hian	SIA Engineering	3.26	4	Buy	DCF, PER24.9x FY18
01/30/18	OCBC	Starhill	0.78	0.77	Hold
01/30/18	Lim & Tan	Starhill	0.78	0	Hold

Apple is in trouble now! - Part 2

https://sg.news.yahoo.com/slow-response-forces-apple-halve-iphone-x-production-050404632.html

Apple is cutting its Iphone X production more than analysts predicted.

Apple has faced up to the reality now.  We did warn about it previously because of its high price & bad reviews.

https://sg-stock.blogspot.sg/2017/12/apple-is-in-trouble-now.html

OMG! Noble group investors will lose 90% of equity after the debt restructuring deal.

https://finance.yahoo.com/news/noble-group-shares-tumble-debt-013601667.html

Existing shareholders took a heavy hit on the debt restructuring, causing them to suffer 90% share dilution.

Initially, Noble group denied the conclusion of the debt restructuring deal but it admitted lately that in-principle approval was received for the conclusion.

https://www.reuters.com/article/us-noble-debt-restructuring/creditors-to-take-70-percent-of-noble-group-in-3-5-billion-debt-restructuring-idUSKBN1FI256

What is an artificial deadline?

https://sg.yahoo.com/news/picking-next-pm-not-constrained-artificial-deadline-ong-ye-kung-024640353.html

What is the definition of an artificial deadline? I thought all deadlines were synthetic as they're all set by humans.  Is there a natural or spontaneous deadline?

Is this the new way to circumvent a deadline that you cannot meet?  When you cannot meet a deadline, you can just tell your boss that we must not be constrained by the artificial deadline.

Our government has redefined many things recently.

Mapletree Industrial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	UOB Kay Hian	Mapletree Industrial	1.53	1.61	Hold
01/08/16	DBS Vickers	Mapletree Industrial	1.52	1.62	Buy
01/26/16	Deutsche	Mapletree Industrial	1.51	1.5	Hold
01/27/16	DIR	Mapletree Industrial	1.495	1.63	Outperform	DDM
01/27/16	Kim Eng	Mapletree Industrial	1.495	1.5	Hold
01/27/16	OCBC	Mapletree Industrial	1.495	1.48	Hold	DDM
01/28/16	CIMB	Mapletree Industrial	1.52	1.62	Hold	DDM
02/16/16	JP Morgan	Mapletree Industrial	1.545	1.7	Overweight	Cut from $1.75
02/16/16	Kim Eng	Mapletree Industrial	1.545	1.71	Buy	Yield 7%
02/25/16	Deutsche	Mapletree Industrial	1.55	1.6	Hold
03/24/16	Credit Suisse	Mapletree Industrial	1.59	1.72	Outperform
03/24/16	Deutsche	Mapletree Industrial	1.59	1.6	Hold
03/28/16	Kim Eng	Mapletree Industrial	1.6	1.71	Buy
03/30/16	UOB Kay Hian	Mapletree Industrial	1.6	1.61	Hold
04/05/16	Deutsche	Mapletree Industrial	1.6	1.6	Hold
04/11/16	Phillip	Mapletree Industrial	1.61	1.7	Accumulate	DDM
04/13/16	Kim Eng	Mapletree Industrial	1.595	1.71	Buy	Yield 7%
04/26/16	CIMB	Mapletree Industrial	1.64	1.67	Hold	DDM
04/26/16	DBS Vickers	Mapletree Industrial	1.64	1.64	Hold
04/26/16	DIR	Mapletree Industrial	1.64	1.68	Hold	DDM
04/27/16	Credit Suisse	Mapletree Industrial	1.64	1.71	Outperform
04/27/16	OCBC	Mapletree Industrial	1.64	1.64	Hold
04/27/16	Phillip	Mapletree Industrial	1.64	1.72	Accumulate	DDM
04/27/16	UOB Kay Hian	Mapletree Industrial	1.64	1.61	Hold
05/17/16	Deutsche	Mapletree Industrial	1.6	1.6	Hold
05/17/16	Kim Eng	Mapletree Industrial	1.6	1.78	Buy
06/27/16	UOB Kay Hian	Mapletree Industrial	1.63	1.61	Hold
07/01/16	UBS	Mapletree Industrial	1.72	1.5	Sell
07/08/16	Phillip	Mapletree Industrial	1.79	1.72	Neutral	DDM
07/12/16	DBS Vickers	Mapletree Industrial	1.79	1.81	Hold
07/18/16	UOB Kay Hian	Mapletree Industrial	1.725	1.7	Sell	DDM
07/19/16	Credit Suisse	Mapletree Industrial	1.75	1.82	Outperform
07/26/16	Deutsche	Mapletree Industrial	1.7	1.6	Hold
07/26/16	JP Morgan	Mapletree Industrial	1.7	1.8	Overweight
07/27/16	CIMB	Mapletree Industrial	1.755	1.9	Add	DDM
07/27/16	DBS Vickers	Mapletree Industrial	1.755	1.9	Buy	Up from $1.81
07/27/16	DIR	Mapletree Industrial	1.755	1.7	Hold	DDM
07/27/16	OCBC	Mapletree Industrial	1.755	1.67	Hold
07/28/16	Kim Eng	Mapletree Industrial	1.775	1.9	Buy
08/01/16	UOB Kay Hian	Mapletree Industrial	1.81	1.7	Sell
08/16/16	CIMB	Mapletree Industrial	1.76	1.9	Add
08/16/16	DBS Vickers	Mapletree Industrial	1.76	1.9	Buy
08/16/16	Deutsche	Mapletree Industrial	1.76	1.7	Hold
09/07/16	CIMB	Mapletree Industrial	1.76	1.9	Add
09/07/16	Credit Suisse	Mapletree Industrial	1.76	1.82	Outperform
10/14/16	DIR	Mapletree Industrial	1.715	1.7	Hold
10/14/16	Phillip	Mapletree Industrial	1.715	1.72	Neutral
10/25/16	OCBC	Mapletree Industrial	1.715	1.67	Hold	DDM
10/25/16	Phillip	Mapletree Industrial	1.715	1.74	Neutral	DDM
10/26/16	CIMB	Mapletree Industrial	1.74	1.9	Add	DDM
10/26/16	UOB Kay Hian	Mapletree Industrial	1.74	1.61	Sell
10/27/16	DBS Vickers	Mapletree Industrial	1.74	1.9	Buy
11/04/16	CIMB	Mapletree Industrial	1.705	1.9	Add
11/11/16	Phillip	Mapletree Industrial	1.69	1.74	Neutral
11/16/16	Deutsche	Mapletree Industrial	1.59	1.7	Hold
11/16/16	JP Morgan	Mapletree Industrial	1.59	1.75	Overweight
11/24/16	CIMB	Mapletree Industrial	1.565	1.68	Add	PB1.15x
11/24/16	OCBC	Mapletree Industrial	1.565	1.67	Buy
11/29/16	Phillip	Mapletree Industrial	1.59	1.74	Accumulate	DDM
12/06/16	CIMB	Mapletree Industrial	1.615	1.68	Add
12/06/16	Kim Eng	Mapletree Industrial	1.615	1.9	Buy
12/07/16	Deutsche	Mapletree Industrial	1.64	1.7	Hold
12/09/16	UOB Kay Hian	Mapletree Industrial	1.66	1.6	Hold
01/09/17	DBS Vickers	Mapletree Industrial	1.665	1.9	Buy
01/25/17	Deutsche	Mapletree Industrial	1.645	1.65	Hold
01/25/17	OCBC	Mapletree Industrial	1.645	1.79	Buy
01/25/17	UOB Kay Hian	Mapletree Industrial	1.645	1.6	Hold	DDM
01/26/17	CIMB	Mapletree Industrial	1.65	1.68	Add	DDM
01/26/17	Phillip	Mapletree Industrial	1.65	1.74	Accumulate	DDM
01/31/17	Credit Suisse	Mapletree Industrial	1.665	1.82	Outperform
02/14/17	CIMB	Mapletree Industrial	1.665	1.68	Add
02/17/17	JP Morgan	Mapletree Industrial	1.675	1.75	Overweight
02/20/17	Phillip	Mapletree Industrial	1.66	1.74	Accumulate
02/28/17	Deutsche	Mapletree Industrial	1.66	1.65	Hold
03/06/17	CIMB	Mapletree Industrial	1.67	1.68	Add	DDM
03/06/17	DBS Vickers	Mapletree Industrial	1.67	1.9	Buy
03/07/17	DIR	Mapletree Industrial	1.685	1.7	Hold	DDM
03/07/17	UOB Kay Hian	Mapletree Industrial	1.685	1.6	Hold
03/29/17	OCBC	Mapletree Industrial	1.76	1.88	Buy
03/30/17	DBS Vickers	Mapletree Industrial	176	1.94	Buy
04/11/17	UOB Kay Hian	Mapletree Industrial	1.77	1.6	Hold
04/18/17	DIR	Mapletree Industrial	1.785	1.7	Hold
04/18/17	Kim Eng	Mapletree Industrial	1.785	2	Buy	DDM
04/25/17	DBS Vickers	Mapletree Industrial	1.795	1.94	Buy	DCF
04/25/17	DIR	Mapletree Industrial	1.795	1.71	Hold	DDM
04/25/17	OCBC	Mapletree Industrial	1.795	1.93	Buy
04/26/17	CIMB	Mapletree Industrial	1.82	1.8	Hold	DDM
04/26/17	Kim Eng	Mapletree Industrial	1.82	2.05	Buy	DDM
04/26/17	Phillip	Mapletree Industrial	1.82	1.8	Neutral	DDM
04/26/17	UOB Kay Hian	Mapletree Industrial	1.82	1.69	Hold	DDM
05/08/17	Deutsche	Mapletree Industrial	1.81	1.7	Hold
05/08/17	Phillip	Mapletree Industrial	1.81	1.8	Neutral
05/25/17	UOB Kay Hian	Mapletree Industrial	1.815	1.78	Hold
06/09/17	Lim & Tan	Mapletree Industrial	1.84	0	Hold
06/12/17	DBS Vickers	Mapletree Industrial	1.825	1.94	Buy
06/20/17	OCBC	Mapletree Industrial	1.8	1.93	Buy
06/22/17	Deutsche	Mapletree Industrial	1.815	1.7	Hold
06/22/17	Kim Eng	Mapletree Industrial	1.815	2.05	Buy
07/03/17	Kim Eng	Mapletree Industrial	1.86	2.05	Buy	DDM
07/26/17	DIR	Mapletree Industrial	1.88	1.71	Hold	DDM
07/26/17	UOB Kay Hian	Mapletree Industrial	1.88	1.78	Hold	DDM
07/26/17	OCBC	Mapletree Industrial	1.88	1.92	Hold
07/26/17	DBS Vickers	Mapletree Industrial	1.88	1.94	Buy	DCF
07/26/17	Religare	Mapletree Industrial	1.88	1.9	Buy
07/26/17	Phillip	Mapletree Industrial	1.88	1.98	Accumulate	DDM, PB1.41x FY18
07/27/17	CIMB	Mapletree Industrial	1.905	1.91	Hold	DDM
08/03/17	Kim Eng	Mapletree Industrial	1.84	2.05	Buy
08/22/17	Phillip	Mapletree Industrial	1.855	1.98	Accumulate
09/27/17	DBS Vickers	Mapletree Industrial	1.84	1.94	Buy	DCF
09/28/17	Kim Eng	Mapletree Industrial	1.85	2.05	Buy
10/09/17	Phillip	Mapletree Industrial	1.875	1.98	Accumulate
10/23/17	UOB Kay Hian	Mapletree Industrial	1.9	1.78	Hold
10/25/17	OCBC	Mapletree Industrial	1.96	1.92	Hold
10/25/17	Kim Eng	Mapletree Industrial	1.96	2.05	Buy
10/25/17	UOB Kay Hian	Mapletree Industrial	1.97	1.88	Hold
10/26/17	CIMB	Mapletree Industrial	1.97	1.94	Hold	DDM
10/27/17	Phillip	Mapletree Industrial	1.97	1.99	Neutral	DDM, PB1.37x FY18
11/08/17	DBS Vickers	Mapletree Industrial	1.965	2.15	Buy	DCF
11/28/17	Kim Eng	Mapletree Industrial	1.99	2.1	Buy
12/01/17	UOB Kay Hian	Mapletree Industrial	1.97	1.88	Hold
12/04/17	Phillip	Mapletree Industrial	1.99	2.06	Hold
12/04/17	OCBC	Mapletree Industrial	1.99	2.06	Hold
01/19/18	Kim Eng	Mapletree Industrial	2.11	2.1	Buy
01/24/18	OCBC	Mapletree Industrial	2.07	2.06	Hold
01/24/18	UOB Kay Hian	Mapletree Industrial	2.07	1.88	Hold	DDM
01/24/18	DBS Vickers	Mapletree Industrial	2.07	2.15	Buy
01/25/18	Phillip	Mapletree Industrial	2.12	2.15	Neutral	DDM, PB1.48x FY18
01/25/18	CIMB	Mapletree Industrial	2.12	2.16	Add	DDM