Stock calls for 29 April 2020

Date	Analyst	Company	Last	Target	Call	Valuation
04/29/20	OCBC	A-Reit	2.86	3.52	Buy
04/29/20	UOB Kay Hian	A-Reit	2.86	3.35	Buy
04/29/20	DBS Vickers	A-Reit	2.86	3.45	Buy
04/29/20	CIMB	A-Reit	2.86	3	Add
04/29/20	Phillip	APTV	0.129	0.15	Buy	EV/Ebitda10x
04/29/20	DMG & Partners	ARA Logistics	0.525	0.64	Buy	DDM
04/29/20	DBS Vickers	ARA Logistics	0.525	0.56	Hold	DCF
04/29/20	DMG & Partners	Centurion	0.385	0.41	Neutral	DCF
04/29/20	DBS Vickers	Dairy Farm	4.75	5.1	Buy
04/29/20	HSBC	Keppel Corp	6.03	6.74	Buy	Cut from $7.80
04/29/20	Kim Eng	Mapletree Industrial	2.53	2.95	Buy	DDM
04/29/20	UOB Kay Hian	Mapletree Industrial	2.53	2.85	Buy
04/29/20	CIMB	Mapletree Industrial	2.53	2.66	Add	DDM
04/29/20	UOB Kay Hian	Micro-Mechanics	1.7	1.82	Hold	Buy @ $1.55
04/29/20	Kim Eng	Raffles Medical	0.87	0.99	Buy	DCF
04/29/20	DBS Vickers	Raffles Medical	0.87	0.96	Hold	Sum of parts
04/29/20	HSBC	Sembcorp Industries	1.57	2.21	Buy	Cut from $2.68
04/29/20	HSBC	Sembcorp Marine	0.74	0.79	Hold	Cut from $1.31
04/29/20	DMG & Partners	Sheng Siong	1.46	1.63	Buy	DCF
04/29/20	DBS Vickers	Sheng Siong	1.46	1.58	Buy	PER25x FY20
04/29/20	Lim & Tan	Sheng Siong	1.46	0	Hold