Stock calls for 16 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/16/18	DMG & Partners	Amara	0.515	0.88	Buy	PB0.65x
05/16/18	DMG & Partners	Avi-Tech	0.44	0.43	Neutral	DCF, PER11.5x FY19
05/16/18	UOB Kay Hian	Banyan Tree	0.58	1	Buy	Sum of parts
05/16/18	CIMB	Best World	1.29	1.39	Hold	PER12.5x CY19
05/16/18	DMG & Partners	First Resources	1.56	1.6	Neutral	PER12x FY18
05/16/18	DBS Vickers	First Resources	1.56	2.18	Buy
05/16/18	DMG & Partners	Fu Yu	0.186	0.2	Neutral	DCF
05/16/18	UOB Kay Hian	Golden Agri	0.35	0.26	Sell	PER14x FY18
05/16/18	CIMB	Golden Agri	0.35	0.31	Reduce	Sum of parts (10% discount)
05/16/18	OCBC	Golden Agri	0.35	0.34	Hold
05/16/18	Kim Eng	HMI	0.665	0.8	Buy
05/16/18	CIMB	Jadason	0.05	0.077	Add	PB1x CY18
05/16/18	UOB Kay Hian	Jumbo	0.54	0.53	Hold	DCF, Buy @ $0.48
05/16/18	OCBC	Netlink	0.82	0.9	Buy
05/16/18	DBS Vickers	Netlink	0.82	0.97	Buy	DCF
05/16/18	phillip	Q & M	0.605	0.625	Neutral	PER27x FY18
05/16/18	Lim & Tan	SIA Engineering	3.33	0	Hold
05/16/18	DMG & Partners	Silverlake	0.55	0.65	Buy	DCF, PER21x FY19
05/16/18	CIMB	Silverlake	0.55	0.56	Add	DCF
05/16/18	UOB Kay Hian	Singapore Medical	0.505	0.74	Buy	PER26.8x FY18
05/16/18	DMG & Partners	Singapore Medical	0.505	0.68	Buy	DCF
05/16/18	DBS Vickers	Singapore Medical	0.505	0.73	Buy	PER25x FY19
05/16/18	DMG & Partners	Spackman	0.073	0.1	Buy	DCF, PER14x FY18
05/16/18	DBS Vickers	Thai Beverage	0.8	1.02	Buy
05/16/18	Kim Eng	Viva Industrial	0.89	1.05	Buy	DDM
05/16/18	CIMB	Yongnam	0.31	0.56	Add	PB0.8x FY19