Stock calls for 3 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/03/18	UOB Kay Hian	A-Reit	2.61	3.05	Buy
07/03/18	DMG & Partners	APAC Realty	0.785	1.35	Buy
07/03/18	DBS Vickers	Bumitama	0.635	0.88	Buy	DCF, PER13.7x FY19
07/03/18	UOB Kay Hian	CapitaCommercial	1.63	2.11	Buy
07/03/18	UOB Kay Hian	Capitaland	3.14	4.3	Buy
07/03/18	UOB Kay Hian	Capitamall Trust	2.02	2.13	Hold
07/03/18	OCBC	CapitaRetail China	1.51	1.64	Buy
07/03/18	DMG & Partners	China Aviation Oil	1.5	1.8	Buy
07/03/18	UOB Kay Hian	City Developments	10.88	14.03	Buy
07/03/18	DMG & Partners	City Developments	10.88	15	Buy
07/03/18	Amfrasers	CNMC	0.27	0.38	Buy	PER10x FY19
07/03/18	UOB Kay Hian	Comfortdelgro	2.26	2.43	Buy
07/03/18	UOB Kay Hian	DBS	26.38	30.15	Buy
07/03/18	UOB Kay Hian	DISA	0.009	0.013	Buy	DCF
07/03/18	DBS Vickers	First Resources	1.55	2	Buy	DCF
07/03/18	UOB Kay Hian	Genting	1.21	1.38	Buy
07/03/18	DBS Vickers	Genting	1.21	1.49	Buy
07/03/18	UOB Kay Hian	Golden Agri	0.305	0.26	Sell
07/03/18	UOB Kay Hian	Hongkong Land	7.13	8.55	Not Rated
07/03/18	UOB Kay Hian	Hutchison Port	0.28	0.34	Not Rated
07/03/18	UOB Kay Hian	Jardine C&C	30.77	44.13	Not Rated
07/03/18	UOB Kay Hian	Jardine Matheson	63.2	65.72	Not Rated
07/03/18	UOB Kay Hian	Jardine Strategic	36.65	42.67	Not Rated
07/03/18	UOB Kay Hian	Keppel Corp	7.01	9	Buy
07/03/18	DBS Vickers	Keppel Corp	7.01	10.2	Buy
07/03/18	DMG & Partners	M1	1.59	1.63	Hold	DCF
07/03/18	UOB Kay Hian	OCBC	11.51	14.28	Buy
07/03/18	UOB Kay Hian	SATS	4.91	5.7	Buy
07/03/18	UOB Kay Hian	Sembcorp Industries	2.72	3.6	Buy
07/03/18	UOB Kay Hian	SGX	7.14	8.14	Not Rated
07/03/18	UOB Kay Hian	SIA	10.42	11.9	Hold
07/03/18	UOB Kay Hian	Singtel	3.05	4.22	Buy
07/03/18	UOB Kay Hian	SPH	2.59	2.46	Hold
07/03/18	UOB Kay Hian	ST Engineering	3.27	4.1	Buy
07/03/18	UOB Kay Hian	Starhub	1.64	1.98	Hold
07/03/18	UOB Kay Hian	Thai Beverage	0.7	0.99	Buy
07/03/18	UOB Kay Hian	Venture	17.66	25	Buy
07/03/18	UOB Kay Hian	Wilmar	3.04	3.9	Buy
07/03/18	DBS Vickers	Wilmar	3.04	3.5	Buy	DCF
07/03/18	DBS Vickers	Yangzijiang	0.885	1.82	Buy	Sum of parts, PB1.25x
07/03/18	UOB Kay Hian	Yangzijiang	0.885	1.3	Buy