Stock calls for 13 November 2018

Date	Analyst	Company	Last	Target	Call	Valuation
11/13/18	Phillip	800Super	0.785	0.8	Neutral	DCF, PER18.2x FY19
11/13/18	DMG & Partners	APAC Realty	0.495	0.72	Buy	DCF
11/13/18	DMG & Partners	Avi-Tech	0.32	0.34	Neutral	DCF
11/13/18	DBS Vickers	Bumitama	0.61	0.85	Buy	DCF, PER14.5x FY19
11/13/18	UOB Kay Hian	Bumitama	0.61	0.81	Buy	PER11x FY19
11/13/18	Kim Eng	Bumitama	0.61	0.98	Buy
11/13/18	Amfrasers	Comfortdelgro	2.21	2.72	Buy	PER19x FY18
11/13/18	Soochow	Dasin Retail	0.855	0.97	Buy
11/13/18	DBS Vickers	Ezion	0.047	0.14	Buy	PB0.8x FY18
11/13/18	DBS Vickers	First Resources	1.56	1.97	Buy	DCF
11/13/18	CIMB	First Resources	1.56	2.08	Add	PER15x FY19
11/13/18	DBS Vickers	Frasers Property	1.63	1.98	Buy	RNAV (35% discount)
11/13/18	OCBC	Golden Agri	0.245	0.24	Hold
11/13/18	Amfrasers	Japan Foods	0.455	0.56	Hold	DCF
11/13/18	DBS Vickers	Koufu	0.635	0.8	Buy	PER17x FY19
11/13/18	CIMB	Lippo-Malls Indo	0.23	0.27	Hold	DDM
11/13/18	OCBC	OUE	1.37	2.25	Buy
11/13/18	Kim Eng	Sasseur	0.68	0.9	Buy
11/13/18	DMG & Partners	ST Engineering	3.5	3.97	Buy
11/13/18	Amfrasers	Thai Beverage	0.65	0.75	Buy	Sum of parts
11/13/18	DBS Vickers	UOB	24.49	29.5	Buy
11/13/18	Kim Eng	Valuetronics	0.68	0.96	Buy	ROE-g/COE-g
11/13/18	UOB Kay Hian	Valuetronics	0.68	0.87	Buy	PER10.9x FY19
11/13/18	DMG & Partners	Valuetronics	0.68	0.82	Buy	DCF, PER10x FY19
11/13/18	CIMB	Valuetronics	0.68	0.93	Add	PER10x CY19
11/13/18	CIMB	Wilmar	3.18	4.1	Add	Sum of parts
11/13/18	UOB Kay Hian	Wilmar	3.18	3.9	Buy	Sum of parts, PER13.7x FY19