Stock calls for 15 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/15/18	UOB Kay Hian	Banyan Tree	0.535	1	Buy	Sum of parts
08/15/18	DBS Vickers	Bumitama	0.705	0.88	Buy	DCF, PER13.7x FY19
08/15/18	DMG & Partners	Bumitama	0.705	0.8	Buy	PER11x FY19
08/15/18	CIMB	CSE Global	0.45	0.5	Add	PER13.5x CY19
08/15/18	UOB Kay Hian	CSE Global	0.45	0.58	Buy	PER15x FY19
08/15/18	DMG & Partners	Food Empire	0.56	0.6	Neutral	PER14x FY18
08/15/18	DMG & Partners	Fu Yu	0.174	0.22	Buy	DCF
08/15/18	OCBC	Golden Agri	0.28	0.26	Hold	PER17.5x FY19
08/15/18	CIMB	Jumbo	0.515	0.62	Add	PER23x CY19
08/15/18	DBS Vickers	MM2 Asia	0.42	0.62	Buy	Sum of parts
08/15/18	DMG & Partners	Singapore Medical	0.43	0.56	Buy	DCF
08/15/18	CIMB	Starhub	1.65	1.85	Add	DCF
08/15/18	DBS Vickers	Thai Beverage	0.7	0.94	Buy	Sum of parts
08/15/18	CIMB	UMS	0.79	1.21	Add	PB2.82x
08/15/18	DBS Vickers	UMS	0.79	1.01	Buy	PER10x FY19
08/15/18	Kim Eng	Valuetronics	0.735	1.05	Buy
08/15/18	UOB Kay Hian	Valuetronics	0.735	0.96	Buy	PER11.3x FY19
08/15/18	DMG & Partners	Valuetronics	0.735	0.92	Buy	PER10x FY19
08/15/18	CIMB	Valuetronics	0.735	0.95	Add	PER10x CY19
08/15/18	DBS Vickers	Wilmar	3.25	3.61	Buy	DCF
08/15/18	DMG & Partners	Wilmar	3.25	3.69	Buy	Sum of parts
08/15/18	CIMB	Yongnam	0.255	0.45	Add	PB0.8x FY19