Stock calls for 27 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/27/18	Kim Eng	Best World	1.37	2.06	Buy
02/27/18	phillip	CNMC	0.26	0.3	Accumulate	DCF
02/27/18	CIMB	CSE Global	0.37	0.39	Hold	PER12x CY19
02/27/18	Kim Eng	First Resources	1.76	2.2	Buy	PER17x FY18
02/27/18	DMG & Partners	First Resources	1.76	1.75	Neutral	PER12x FY18
02/27/18	UOB Kay Hian	Hock Lian Seng	0.51	0.65	Buy
02/27/18	Credit Suisse	HRnetGroup	0.805	1.06	Outperform
02/27/18	DBS Vickers	HRnetGroup	0.805	0.97	Buy	PER15x FY18, Ex-cash
02/27/18	Phillip	Raffles Medical	1.1	1.32	Accumulate	DCF
02/27/18	UOB Kay Hian	Raffles Medical	1.1	1.32	Buy	DCF
02/27/18	OCBC	Raffles Medical	1.1	1.26	Buy	Sum of parts
02/27/18	Kim Eng	Raffles Medical	1.1	1.13	Hold	DCF
02/27/18	DMG & Partners	Raffles Medical	1.1	1.02	Neutral	DCF
02/27/18	CIMB	Sarine	1.18	1.53	Add	PER17.2x CY19
02/27/18	DBS Vickers	Sembcorp Industries	3.2	4.4	Buy	Sum of parts (10% discount), PB1.1x
02/27/18	Amfrasers	Sembcorp Marine	2.18	2.06	Hold
02/27/18	DMG & Partners	ST Engineering	3.44	4.04	Buy	PER23x & PB5.5x & EV/Ebitda16x & DCF