Stock calls for 2 December 2019

Date	Analyst	Company	Last	Target	Call	Valuation
12/02/19	Amfrasers	Accordia Golf Trust	0.7	0.67	Outperform
12/02/19	Amfrasers	ARA Hospitality	0.855	0.99	Outperform	DDM
12/02/19	Phillip	Capitaland	3.68	4.2	Buy	RNAV (20% discount)
12/02/19	DMG & Partners	Capitaland	3.68	4.2	Buy	RNAV (20% discount)
12/02/19	UOB Kay Hian	Capitaland	3.68	3.8	Hold
12/02/19	Amfrasers	China Sunsine	1.03	1.2	Outperform	DCF
12/02/19	Amfrasers	Comfortdelgro	2.35	2.61	Outperform	PER19x FY20
12/02/19	Amfrasers	CSE Global	0.525	0.61	Outperform	Sum of parts
12/02/19	CIMB	DBS	25.25	28.29	Hold
12/02/19	Kim Eng	DBS	25.25	29.92	Buy
12/02/19	Amfrasers	Eagle Hospitality Trust	0.525	0.61	outperform	DDM
12/02/19	Amfrasers	EC World Reit	0.745	0.84	outperform	DDM
12/02/19	Amfrasers	Frencken	0.89	0.93	outperform	PER10x FY20
12/02/19	Amfrasers	IFS Capital	0.23	0.3	Outperform	PB0.6x FY20
12/02/19	Amfrasers	Japan Foods	0.43	0.46	Neutral
12/02/19	Amfrasers	Manulife US Reit	0.965	1.03	outperform
12/02/19	CIMB	OCBC	10.78	11.94	Hold
12/02/19	Kim Eng	OCBC	10.78	11.26	Hold
12/02/19	CIMB	UOB	25.82	29.1	Add
12/02/19	Kim Eng	UOB	25.82	30.5	Buy