Stock calls for 18 May 2020

Date	Analyst	Company	Last	Target	Call	Valuation
05/18/20	DBS Vickers	Centurion	0.375	0.42	Hold	DCF
05/18/20	Kim Eng	Comfortdelgro	1.46	1.99	Buy	DCF
05/18/20	Amfrasers	EC World Reit	0.675	0.73	outperform
05/18/20	UOB Kay Hian	Japfa	0.635	0.98	Buy	Sum of parts
05/18/20	DBS Vickers	Japfa	0.635	0.86	Buy	Sum of parts, PER10x FY21
05/18/20	DMG & Partners	Jumbo	0.25	0.19	Sell	DCF
05/18/20	DBS Vickers	Jumbo	0.25	0.21	Fully Valued	PER18x FY21
05/18/20	CIMB	Jumbo	0.25	0.2	Reduce
05/18/20	UOB Kay Hian	SIA	3.9	4.34	Buy
05/18/20	DBS Vickers	Silverlake	0.245	0.38	Buy	PER20x
05/18/20	CIMB	Singtel	2.66	3.4	Add
05/18/20	DMG & Partners	ST Engineering	3.27	3.9	Buy	Sum of parts
05/18/20	UOB Kay Hian	ST Engineering	3.27	3.5	Hold	Buy @ $3-3.10
05/18/20	DBS Vickers	ST Engineering	3.27	3.4	Hold	Sum of parts
05/18/20	Amfrasers	Sunpower	0.43	0.91	Buy	Sum of parts
05/18/20	DBS Vickers	Sunpower	0.43	0.49	Hold
05/18/20	Phillip	Thai Beverage	0.67	0.82	Buy	PER18x FY20
05/18/20	DMG & Partners	Thai Beverage	0.67	0.72	Neutral	Sum of parts
05/18/20	UOB Kay Hian	Thai Beverage	0.67	0.78	Buy
05/18/20	CIMB	Thai Beverage	0.67	0.7	Hold	Sum of parts