Stock calls for 19 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/19/18	DMG & Partners	Breadtalk	1.1	1.04	Neutral	Sum of parts
07/19/18	phillip	First Reit	1.32	1.31	Neutral	DDM, PB1.21x
07/19/18	OCBC	First Reit	1.32	1.34	Hold
07/19/18	CIMB	First Reit	1.32	1.41	Hold	DDM
07/19/18	DBS Vickers	Keppel Infrastructure	0.53	0.58	Buy	DDM
07/19/18	DBS Vickers	Keppel KBS	0.88	0.95	Buy	DCF
07/19/18	Lim & Tan	MIT	0.33	0.456	Buy
07/19/18	UOB Kay Hian	OCBC	11.15	13.52	Buy	GGM, PB1.41x FY18
07/19/18	Credit Suisse	Venture	16.89	14.5	Underperform	PER11x
07/19/18	Lim & Tan	Wheelock Properties	1.74	2.1	Reject offer	Offer $2.1
07/19/18	OCBC	Wheelock Properties	1.74	2.34	Reject offer	Offer $2.1