Stock calls for 16 August 2019

Date	Analyst	Company	Last	Target	Call	Valuation
08/16/19	Amfrasers	Accordia Golf Trust	0.535	0.67	Buy	DDM
08/16/19	phillip	Banyan Tree	0.455	0.51	Accumulate	Sum of parts, PB0.6x FY19
08/16/19	phillip	China Everbright	0.315	0.5	Buy	PER9x
08/16/19	DMG & Partners	CSE Global	0.44	0.61	Buy	DCF
08/16/19	UOB Kay Hian	CSE Global	0.44	0.62	Buy
08/16/19	phillip	Dasin Retail	0.87	0.94	Accumulate	DDM, PB0.65x
08/16/19	DMG & Partners	Golden Agri	0.295	0.22	Sell	Sum of parts
08/16/19	UOB Kay Hian	Propnex	0.505	0.5	Hold
08/16/19	DBS Vickers	Sembcorp Industries	2.26	3.2	Buy	Sum of parts (10% discount), PER16x FY19, PB0.8x FY19
08/16/19	CIMB	ST Engineering	4.07	4.36	Add	Sum of parts
08/16/19	DBS Vickers	ST Engineering	4.07	4.64	Buy	Sum of parts
08/16/19	Lim & Tan	ST Engineering	4.07	0	Hold
08/16/19	UOB Kay Hian	Sunpower	0.44	0.83	Buy
08/16/19	CIMB	Thai Beverage	0.905	1	Add	Sum of parts
08/16/19	DMG & Partners	Thai Beverage	0.905	0.92	Take Profit	Sum of parts, PER19x FY20
08/16/19	DBS Vickers	UMS	0.585	0.49	Fully Valued	PER9x FY20
08/16/19	Kim Eng	Valuetronics	0.62	0.94	Buy	ROE-g/COE-g
08/16/19	DMG & Partners	Valuetronics	0.62	0.61	Neutral	DCF
08/16/19	UOB Kay Hian	Valuetronics	0.62	0.8	Buy
08/16/19	OCBC	Wilmar	3.78	4.26	Buy
08/16/19	DBS Vickers	Wilmar	3.78	4.25	Buy	Sum of parts, PER16.3x FY20