Stock calls for 25 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/25/20	UOB Kay Hian	Bumitama	0.515	0.52	Hold
08/25/20	DMG & Partners	CDL Hospitality	1	1.25	Buy	DDM
08/25/20	DBS Vickers	China Aviation Oil	0.865	1.2	Buy	PER11x FY20/21
08/25/20	phillip	City Developments	8	10.68	Buy	RNAV (30% discount)
08/25/20	UOB Kay Hian	Golden Agri	0.145	0.14	Hold
08/25/20	Lim & Tan	Guocoland	1.4	0	Accumulate
08/25/20	Lim & Tan	Koufu	0.675	0	Accumulate
08/25/20	CIMB	SATS	3.08	3	Hold	PB2.1x FY21
08/25/20	phillip	SATS	3.08	1.95	Sell	PB1.35x
08/25/20	UOB Kay Hian	SATS	3.08	2.67	Sell
08/25/20	Lim & Tan	SATS	3.08	0	Avoid