Stock calls for 17 May 2019

Date	Analyst	Company	Last	Target	Call	Valuation
05/17/19	DMG & Partners	Bumitama	0.7	0.62	Neutral
05/17/19	DBS Vickers	CapitaCommercial	1.93	2.1	Buy	DCF, PB1.15x
05/17/19	phillip	City Developments	8.63	11.82	Buy	RNAV (30% discount)
05/17/19	phillip	Comfortdelgro	2.54	2.72	Accumulate	DCF, PER16.8x FY19
05/17/19	OCBC	Frasers Centrepoint Trust	2.45	2.61	Buy
05/17/19	DMG & Partners	Frasers Centrepoint Trust	2.45	2.25	Neutral
05/17/19	CIMB	Frasers Centrepoint Trust	2.45	2.55	Add	DDM
05/17/19	DMG & Partners	Mindchamps	0.66	0.83	Buy	DCF
05/17/19	OCBC	SATS	5.22	5.35	Hold
05/17/19	phillip	Sembcorp Industries	2.55	3.75	Buy	Sum of parts
05/17/19	CIMB	SIA	9.4	10.14	Hold	PB0.9x CY19
05/17/19	Phillip	Singtel	3.14	3.31	Accumulate	Sum of parts, EV/Ebitda7x FY20
05/17/19	Amfrasers	Uni-Asia	1.13	1.86	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19
05/17/19	DBS Vickers	Yanlord	1.44	1.47	Hold	PER6x FY19/20
05/17/19	CIMB	Yongnam	0.169	0.33	Add