Stock calls for 22 November 2019

Date	Analyst	Company	Last	Target	Call	Valuation
11/22/19	UOB Kay Hian	ART	1.31	1.66	Buy	DDM
11/22/19	UOB Kay Hian	Bumitama	0.7	0.75	Buy
11/22/19	DMG & Partners	CDL Hospitality	1.59	1.78	Buy	DDM
11/22/19	UOB Kay Hian	Golden Agri	0.235	0.27	Hold
11/22/19	CIMB	Golden Agri	0.235	0.23	Reduce	Sum of parts (10% discount)
11/22/19	DBS Vickers	Singtel	3.26	3.6	Buy	Sum of parts