Stock calls for 20 April 2018

Date	Analyst	Company	Last	Target	Call	Valuation
04/20/18	UOB Kay Hian	Banyan Tree	0.605	1	Buy	Sum of parts
04/20/18	CIMB	DBS	29.92	33	Add	GGM, PB1.7x FY18
04/20/18	UOB Kay Hian	Keppel Corp	8.07	9	Buy	Sum of parts
04/20/18	Lim & Tan	Keppel Corp	8.07	0	Hold
04/20/18	UOB Kay Hian	OCBC	13.74	16.02	Buy	GGM, PB1.64x FY18
04/20/18	CIMB	OCBC	13.74	15	Add	GGM, PB1.5x FY18
04/20/18	CIMB	UOB	29.78	33	Add	GGM, PB1.5x FY18
04/20/18	Lim & Tan	Venture	28.82	0	Hol