Stock calls for 31 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/31/18	Lim & Tan	Accordia Golf Trust	0.595	0	Hold
05/31/18	NRA	Accrelist	0.006	0.012	Overweight
05/31/18	CIMB	Dairy Farm	8.95	9.55	Add
05/31/18	DBS Vickers	Frasers Commercial Trust	1.36	1.65	Buy
05/31/18	phillip	Old Chang Kee	0.755	0.98	Buy	DCF, PER22.6x FY19
05/31/18	phillip	SATS	5.28	5.58	Accumulate	DCF
05/31/18	UOB Kay Hian	SATS	5.28	5.7	Buy	DCF, PER24.3x FY19
05/31/18	DBS Vickers	SATS	5.28	5.64	Buy
05/31/18	OCBC	SATS	5.28	5.5	Hold
05/31/18	DBS Vickers	Yoma	0.4	0.58	Buy