Stock calls for 22 May 2019

Date	Analyst	Company	Last	Target	Call	Valuation
05/22/19	phillip	Banyan Tree	0.535	0.76	Accumulate	Sum of parts, PB0.7x FY19
05/22/19	phillip	CNMC	0.2	0.31	Buy	DCF
05/22/19	CIMB	DBS	25.74	27.64	Hold
05/22/19	Kim Eng	DBS	25.74	29.46	Buy
05/22/19	Amfrasers	Japan Foods	0.44	0.55	Neutral	DCF
05/22/19	Kim Eng	OCBC	11.09	11.07	Hold
05/22/19	DMG & Partners	ST Engineering	3.96	4.45	Buy	DCF & PER20.5x FY20 & PB5.5x FY20 & EV/Ebitda11x FY20
05/22/19	Kim Eng	UOB	24.83	28.97	Buy