Stock calls for 15 July 2019

Date	Analyst	Company	Last	Target	Call	Valuation
07/15/19	Phillip	APAC Realty	0.545	0.65	Buy	DCF
07/15/19	Phillip	Capitaland	3.69	4	Accumulate
07/15/19	CIMB	Capitaland	3.69	4.15	Add	RNAV (35% discount)
07/15/19	OCBC	Capitaland	3.69	4.04	Buy
07/15/19	UOB Kay Hian	CDL Hospitality	1.65	2.06	Buy
07/15/19	OCBC	City Developments	9.47	10.68	Buy
07/15/19	phillip	Comfortdelgro	2.81	2.99	Accumulate	DCF
07/15/19	UOB Kay Hian	Fu Yu	0.215	0.29	Buy
07/15/19	OCBC	Hotel Properties	3.69	4.74	Buy
07/15/19	Phillip	Netlink	0.88	0.93	Accumulate	DCF
07/15/19	OCBC	Roxy-Pacific	0.385	0.41	Hold
07/15/19	UOB Kay Hian	SATS	5.37	5.05	Sell
07/15/19	phillip	SGX	7.99	8.09	Accumulate	PER21.4x
07/15/19	phillip	Sheng Siong	1.1	1.3	Buy	PER25x
07/15/19	Phillip	Singtel	3.54	3.66	Accumulate	Sum of parts
07/15/19	UOB Kay Hian	SPH	2.49	2.33	Hold	Sum of parts
07/15/19	OCBC	SPH Reit	1.1	1.05	Hold
07/15/19	UOB Kay Hian	ST Engineering	4.29	4.7	Buy
07/15/19	OCBC	UOL	7.61	8.5	Buy
07/15/19	DBS Vickers	Venture	14.9	18.6	Buy	PER13.7x FY20
07/15/19	UOB Kay Hian	Venture	14.9	17.91	Hold
07/15/19	DMG & Partners	Wilmar	3.76	4.5	Buy	Sum of parts
07/15/19	OCBC	Wing Tai	2.07	2.41	Buy
07/15/19	OCBC	Yanlord	1.32	1.68	Buy