Stock calls for 19 April 2018

Date	Analyst	Company	Last	Target	Call	Valuation
04/19/18	UOB Kay Hian	ART	1.14	1.23	Hold	DDM
04/19/18	DBS Vickers	ART	1.14	1.3	Buy	DCF
04/19/18	UOB Kay Hian	DBS	29.36	31.08	Buy	GGM, PB1.7x FY18
04/19/18	phillip	First Reit	1.37	1.31	Neutral	PB1.19x FY18
04/19/18	OCBC	First Reit	1.37	1.48	Buy
04/19/18	DBS Vickers	Keppel KBS	0.885	0.95	Buy
04/19/18	UOB Kay Hian	Keppel Reit	1.2	1.43	Buy	DDM
04/19/18	DBS Vickers	Keppel Reit	1.2	1.41	Buy
04/19/18	Lim & Tan	Keppel Reit	1.2	0	Hold
04/19/18	CIMB	SATS	5.45	5.17	Hold