Stock calls for 3 December 2019

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/19	Kim Eng	A-Reit	2.97	3.35	Buy	DDM
12/03/19	DMG & Partners	DBS	25.13	25.8	Neutral
12/03/19	DMG & Partners	Frasers Commercial Trust	1.71	1.68	Take Profit	PB1.05x
12/03/19	CIMB	Frasers Commercial Trust	1.71	1.71	Add
12/03/19	CIMB	Frasers Logistics	1.24	1.31	Add
12/03/19	DMG & Partners	Jumbo	0.37	0.44	Buy	DCF
12/03/19	DMG & Partners	OCBC	10.75	11.5	Neutral
12/03/19	DBS Vickers	OCBC	10.75	11.5	Hold
12/03/19	Kim Eng	Singtel	3.46	3.72	Hold	Sum of parts
12/03/19	UOB Kay Hian	Thai Beverage	0.89	0.9	Hold	Sum of parts
12/03/19	Amfrasers	Uni-Asia	0.73	1.24	Outperform	Sum of parts, PB0.6x FY20, PER8.5x FY20
12/03/19	DBS Vickers	UOB	25.77	29.2	Buy
12/03/19	DMG & Partners	UOB	25.77	29.5	Buy
12/03/19	Lim & Tan	UOL	7.79	0	Buy