Stock calls for 10 December 2019

Date	Analyst	Company	Last	Target	Call	Valuation
12/10/19	DMG & Partners	A-Reit	3.03	3	Neutral
12/10/19	DBS Vickers	AEM	1.91	2.38	Buy	PER12.1x FY20
12/10/19	DMG & Partners	Avi-Tech	0.4	0.44	Buy	DCF
12/10/19	DBS Vickers	Bumitama	0.725	0.81	Buy	DCF
12/10/19	DMG & Partners	Cache Logistics	0.72	0.8	Buy
12/10/19	DMG & Partners	CapitaCommercial	2	1.98	Neutral
12/10/19	DMG & Partners	Capitamall Trust	2.52	2.38	Neutral
12/10/19	DMG & Partners	CDL Hospitality	1.63	1.78	Buy
12/10/19	DMG & Partners	CSE Global	0.535	0.69	buy
12/10/19	DMG & Partners	EC World Reit	0.765	0.82	Buy
12/10/19	DMG & Partners	ESR-Reit	0.545	0.6	Buy
12/10/19	DBS Vickers	First Resources	1.83	2.1	Buy	DCF
12/10/19	DMG & Partners	Frasers Centrepoint Trust	2.74	2.55	Neutral
12/10/19	DMG & Partners	Frencken	0.94	0.92	Neutral	DCF
12/10/19	DMG & Partners	Fu Yu	0.25	0.27	Buy	DCF
12/10/19	DBS Vickers	Indofood Agri	0.33	0.29	Hold
12/10/19	DMG & Partners	Keppel Pacific	0.775	0.88	Buy
12/10/19	DMG & Partners	Keppel Reit	1.25	1.23	Neutral
12/10/19	DMG & Partners	Manulife US Reit	1.02	1	Buy
12/10/19	DMG & Partners	Sheng Siong	1.24	1.39	Buy	DCF
12/10/19	DMG & Partners	Silverlake	0.41	0.46	Neutral
12/10/19	DMG & Partners	Starhill	0.725	0.8	Neutral
12/10/19	DMG & Partners	Suntec Reit	1.84	2.08	Buy
12/10/19	DMG & Partners	Valuetronics	0.785	0.81	Buy
12/10/19	DMG & Partners	Venture	15.76	16.3	Neutral
12/10/19	UOB Kay Hian	Wilmar	4.1	4.75	Buy
12/10/19	DBS Vickers	Wilmar	4.1	4.6	Buy	Sum of parts, PER17.6x FY20