Stock calls for 14 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/14/20	DBS Vickers	APAC Realty	0.38	0.4	Hold	PER11.4x FY21
08/14/20	DBS Vickers	China Everbright	0.235	0.33	Buy
08/14/20	CIMB	China Sunsine	0.32	0.38	Add
08/14/20	OCBC	City Developments	8.46	10.64	Buy
08/14/20	CIMB	City Developments	8.46	10.1	Add
08/14/20	DMG & Partners	City Developments	8.46	9.5	Buy	RNAV (45% discount)
08/14/20	UOB Kay Hian	City Developments	8.46	9.2	Buy
08/14/20	DBS Vickers	Delfi	0.725	0.98	Buy	PER18x FY21
08/14/20	DMG & Partners	Food Empire	0.62	0.75	Buy	PER12x FY20
08/14/20	UOB Kay Hian	Frencken	1.24	1.37	Buy
08/14/20	DBS Vickers	Frencken	1.24	1.43	Buy	PER13.2x FY21
08/14/20	CIMB	Frencken	1.24	1.06	Reduce
08/14/20	UOB Kay Hian	Propnex	0.585	0.69	Buy
08/14/20	DBS Vickers	Sunpower	0.58	0.69	Buy	DCF
08/14/20	UOB Kay Hian	Sunpower	0.58	0.92	Buy	Sum of parts
08/14/20	DBS Vickers	UMS	1.18	1.37	Buy	PER15x FY21
08/14/20	CIMB	UOL	6.64	7.29	Add
08/14/20	OCBC	Wilmar	4.87	5.4	Buy