Stock calls for 31 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/31/18	UOB Kay Hian	A-Reit	2.76	3.01	Buy	DDM
07/31/18	DBS Vickers	CapitaRetail China	1.57	1.7	Buy	DCF
07/31/18	OCBC	Frasers Logistics	1.05	1.21	Buy
07/31/18	CIMB	M1	1.64	1.5	Hold	DCF
07/31/18	OCBC	Mapletree North Asia	1.15	1.42	Buy
07/31/18	OCBC	OUE Hospitality	0.805	0.79	Hold
07/31/18	phillip	SGX	7.41	8.93	Buy	DCF
07/31/18	UOB Kay Hian	Sheng Siong	1.07	1.09	Hold	PER22.5x FY18, Buy @ $0.98
07/31/18	DBS Vickers	Sheng Siong	1.07	1.26	Buy	PER25x FY19
07/31/18	UOB Kay Hian	SIA	10.1	11.1	Hold	PB0.8x, Buy @ $9.80
07/31/18	DMG & Partners	Singapore Medical	0.425	0.56	Buy	DCF, PER21.5x
07/31/18	CIMB	Starhill	0.685	0.69	Hold	DDM