Stock calls for 12 July 2019

Date	Analyst	Company	Last	Target	Call	Valuation
07/12/19	DMG & Partners	DBS	25.61	30.3	Buy	PB1.47x FY20
07/12/19	DBS Vickers	Frasers Centrepoint Trust	2.64	2.95	Buy
07/12/19	DBS Vickers	Frasers Commercial Trust	1.65	1.7	Hold	DCF
07/12/19	DBS Vickers	Frasers Hospitality Trust	0.72	0.77	Hold	DCF
07/12/19	DMG & Partners	Keppel KBS	0.79	0.88	Buy	DDM
07/12/19	DMG & Partners	Manulife US Reit	0.875	0.98	Buy	DDM
07/12/19	CIMB	SPH Reit	1.12	1.11	Hold	DDM
07/12/19	Lim & Tan	SPH Reit	1.12	0	Hold