Stock calls for 21 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/21/18	Phillip	A-Reit	2.65	2.91	Accumulate
05/21/18	Lim & Tan	Boustead Projects	0.81	0	Hold
05/21/18	phillip	Cache Logistics	0.805	0.91	Accumulate
05/21/18	DMG & Partners	Dairy Farm	8.6	9.66	Buy	DCF
05/21/18	CIMB	ESR-Reit	0.525	0.6	Add	DDM
05/21/18	DBS Vickers	ESR-Reit	0.525	0.63	Buy
05/21/18	Phillip	Keppel DC Reit	1.36	1.51	Accumulate
05/21/18	Phillip	Mapletree Industrial	1.95	2.09	Neutral
05/21/18	DMG & Partners	Sheng Siong	1	1.18	Buy	DCF & PER
05/21/18	UOB Kay Hian	SIA	11.56	12.6	Buy	Sum of parts, PB1x FY19
05/21/18	OCBC	SIA	11.56	11.3	Hold
05/21/18	DBS Vickers	SIA	11.56	13.7	Buy	PB1.2x FY19
05/21/18	UOB Kay Hian	Tianjin Zhongxin	1.2	1.72	Buy	PER14.1x FY18
05/21/18	Kim Eng	Viva Industrial	0.89	1.05	Hold
05/21/18	OCBC	Viva Industrial	0.89	0.942	Accept Offer	$0.096 cash & 1.6 ESR-Reit share (New value $0.53)
05/21/18	DBS Vickers	Yanlord	1.67	2.27	Buy	PER6x FY18