Stock calls for 25 October 2018

Date	Analyst	Company	Last	Target	Call	Valuation
10/25/18	UOB Kay Hian	A-Reit	2.56	3.01	Buy
10/25/18	UOB Kay Hian	ART	1.07	1.18	Hold
10/25/18	DBS Vickers	Ascendas India Trust	1.06	1.25	Buy
10/25/18	UOB Kay Hian	CapitaCommercial	1.73	1.99	Buy
10/25/18	UOB Kay Hian	Capitamall Trust	2.14	2.02	Hold
10/25/18	OCBC	Frasers Centrepoint Trust	2.23	2.5	Buy
10/25/18	UOB Kay Hian	Frasers Centrepoint Trust	2.23	2.32	Buy	DDM
10/25/18	DBS Vickers	Frasers Centrepoint Trust	2.23	2.35	Buy
10/25/18	CIMB	Frasers Centrepoint Trust	2.23	2.4	Add	DDM
10/25/18	Lim & Tan	Frasers Centrepoint Trust	2.23	0	Hold
10/25/18	UOB Kay Hian	Frasers Hospitality Trust	0.7	0.82	Buy
10/25/18	UOB Kay Hian	Frasers Logistics	1.03	1.16	Buy
10/25/18	UOB Kay Hian	Genting	0.91	1.38	Buy	EV/Ebitda10.5x FY18
10/25/18	DBS Vickers	Japfa	0.63	0.86	Buy	Sum of parts (10% discount), PER12.2x FY19
10/25/18	UOB Kay Hian	M1	2.1	2.06	Accept Offer	Offer $2.06, PER13.2x, EV/Ebidta7.2x FY18
10/25/18	OCBC	M1	2.1	2.06	Hold	Offer $2.06
10/25/18	UOB Kay Hian	Manulife US Reit	0.775	1.06	Buy
10/25/18	Phillip	Mapletree Industrial	1.95	1.99	Neutral	DDM, PB1.34x FY19
10/25/18	UOB Kay Hian	Mapletree Industrial	1.95	1.94	Hold	DDM
10/25/18	CIMB	Mapletree Industrial	1.95	2.08	Add	DDM
10/25/18	UOB Kay Hian	Parkway Life	2.67	3.15	Buy
10/25/18	CIMB	Suntec Reit	1.81	2.06	Add	DDM
10/25/18	UOB Kay Hian	Suntec Reit	1.81	2.01	Hold
10/25/18	DBS Vickers	Suntec Reit	1.81	2.3	Buy
10/25/18	OCBC	Suntec Reit	1.81	1.83	Hold