Stock calls for 25 April 2018

Date	Analyst	Company	Last	Target	Call	Valuation
04/25/18	Jefferies	A-Reit	2.68	2.95	Buy
04/25/18	NRA	Addvalue	0.04	0.079	Not Rated
04/25/18	Phillip	CapitaCommercial	1.8	1.88	Accumulate	DDM
04/25/18	DMG & Partners	CapitaCommercial	1.8	1.63	Sell	DDM
04/25/18	CIMB	CapitaCommercial	1.8	1.93	Hold	DDM
04/25/18	Amfrasers	Ezion	0.158	0.1	Sell	RNAV
04/25/18	OCBC	Frasers Centrepoint Trust	2.22	2.49	Buy
04/25/18	Kim Eng	Mapletree Commercial	1.6	1.5	Hold	DDM
04/25/18	CIMB	Mapletree Commercial	1.6	1.75	Add	DDM
04/25/18	DBS Vickers	Mapletree Commercial	1.6	1.8	Buy	DCF, PB1.2x
04/25/18	CIMB	Mapletree Industrial	2	2.12	Add	DDM
04/25/18	Phillip	Mapletree Industrial	2	2.09	Neutral	PB1.48x FY19
04/25/18	OCBC	Mapletree Industrial	2	2.06	Hold
04/25/18	Kim Eng	Mapletree Industrial	2	2.25	Buy	DDM
04/25/18	CIMB	Silverlake	0.53	0.58	Add	DCF
04/25/18	UOB Kay Hian	Sunningdale	1.47	2	Buy	PER11.9x FY18
04/25/18	CIMB	Sunningdale	1.47	2.5	Add	PB1.23x FY18
04/25/18	DBS Vickers	Sunningdale	1.47	1.53	Hold	PER11x FY18
04/25/18	DBS Vickers	Suntec Reit	1.9	2.3	Buy
04/25/18	OCBC	Suntec Reit	1.9	1.81	Sell