Stock calls for 2 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/02/20	DBS Vickers	A-Reit	3.34	4	Buy	DCF
09/02/20	DBS Vickers	ARA Logistics	0.635	0.7	Buy	DCF
09/02/20	DBS Vickers	ART	0.895	1.1	Buy	DCF
09/02/20	OCBC	ART	0.895	1.03	Buy
09/02/20	DBS Vickers	Capitamall Trust	1.99	2.4	Buy	DCF
09/02/20	UOB Kay Hian	Capitamall Trust	1.99	2.55	Buy
09/02/20	OCBC	CDL Hospitality	1.05	0.92	Sell
09/02/20	Macquarie	DBS	20.87	24.1	outperform
09/02/20	DBS Vickers	Far East Hospitality	0.54	0.6	Buy
09/02/20	OCBC	Far East Hospitality	0.54	0.51	Hold
09/02/20	UOB Kay Hian	Far East Hospitality	0.54	0.58	Buy
09/02/20	Lim & Tan	Food Empire	0.62	0.72	Accumulate	PER11x
09/02/20	DBS Vickers	Frasers Centrepoint Trust	2.55	2.95	Buy	PB1.45x FY21
09/02/20	UOB Kay Hian	Frasers Centrepoint Trust	2.55	2.9	Buy
09/02/20	DBS Vickers	Frasers Logistics	1.36	1.6	Buy	DCF
09/02/20	Lim & Tan	Keppel Corp	4.55	0	Accumulate
09/02/20	DBS Vickers	Keppel Reit	1.05	1.35	Buy	DCF
09/02/20	UOB Kay Hian	Keppel Reit	1.05	1.3	Buy
09/02/20	Macquarie	OCBC	8.68	8.85	Neutral
09/02/20	CIMB	Overseas Edu	0.28	0.26	Hold
09/02/20	Lim & Tan	Sembcorp Industries	1.86	0	Accumulate
09/02/20	DBS Vickers	Soilbuild Reit	0.455	0.5	Buy	DCF
09/02/20	Macquarie	UOB	19.62	20.85	Neutral
09/02/20	UOB Kay Hian	Wing Tai	1.7	2.04	Buy	RNAV (30% discount)