Stock calls for 20 March 2018

Date	Analyst	Company	Last	Target	Call	Valuation
03/20/18	DBS Vickers	APAC Realty	1.19	1.42	Buy	DCF & PER15x FY18
03/20/18	Kim Eng	Bukit Sembawang	6.03	8.55	Buy	RNAV (20% discount)
03/20/18	Kim Eng	Capitaland	3.67	4.1	Buy
03/20/18	DMG & Partners	China Aviation Oil	1.54	1.8	Buy	PER12.2x FY18, PEG1x FY18
03/20/18	UOB Kay Hian	Chip Eng Seng	0.94	1.38	Buy	Sum of parts
03/20/18	DBS Vickers	Chip Eng Seng	0.94	1.18	Buy	Sum of parts
03/20/18	DMG & Partners	City Developments	13.25	15	Buy	RNAV (10% discount), Up froM $14.12 (RNAV 20% discount)
03/20/18	Kim Eng	DBS	28.07	29.66	Hold
03/20/18	CIMB	Guocoland	2.11	2.88	Add	RNAV (25% discount)
03/20/18	Kim Eng	Guocoland	2.11	3	Buy	RNAV (20% discount)
03/20/18	DBS Vickers	IHH Healthcare	2.02	2.29	Buy	Ringgit $6.81 target
03/20/18	UOB Kay Hian	M1	1.79	1.6	Sell
03/20/18	Kim Eng	OCBC	13.18	14.83	Buy
03/20/18	DBS Vickers	Religare Health Trust	0.775	0.85	Hold
03/20/18	DBS Vickers	Roxy-Pacific	0.555	0.69	Buy	RNAV (30% discount)
03/20/18	UOB Kay Hian	Starhub	2.43	2.25	Sell
03/20/18	Kim Eng	UOB	28.1	31.08	Buy
03/20/18	Kim Eng	UOL	8.69	10.4	Buy
03/20/18	Lim & Tan	Yuuzoo	0.038	0	Sell/Avoid