Stock calls for 22 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/22/18	Amfrasers	Japan Foods	0.485	0.64	Buy	DCF
05/22/18	CIMB	Keppel Corp	8.19	10	Add	Sum of parts
05/22/18	CIMB	Sembcorp Marine	2.27	2.52	Add	PB2.2x CY18
05/22/18	NRA	Serial System	0.1666	0.24	Overweight	DCF
05/22/18	Amfrasers	Uni-Asia	1.4	1.81	Buy	Sum of parts, PB0.5x FY18, PER10x FY18
05/22/18	DMG & Partners	Valuetronics	0.845	0.96	Buy
05/22/18	Lim & Tan	Wheelock Properties	1.81	0	Buy