Stock calls for 22 February 2021

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/21	Phillip	BRC Asia	1.59	1.87	Buy	PER11x FY21
02/22/21	Lim & Tan	Bumitama	0.54	0	Accumulate
02/22/21	phillip	Comfortdelgro	1.58	1.83	Buy	DCF
02/22/21	phillip	Dasin Retail	0.73	0.91	Accumulate
02/22/21	Phillip	First Ship Lease Trust	0.085	0.105	Buy	PB1x FY22
02/22/21	Phillip	Frasers Centrepoint Trust	2.52	2.93	Buy
02/22/21	Phillip	Ireit	0.645	0.68	Accumulate
02/22/21	DBS Vickers	MM2 Asia	0.083	0.089	Hold	Sum of parts
02/22/21	phillip	Prime US Reit	0.825	0.94	Buy
02/22/21	Lim & Tan	Raffles Medical	0.985	0	Hold
02/22/21	UOB Kay Hian	ST Engineering	3.75	4	Buy
02/22/21	OCBC	ST Engineering	3.75	4.3	Buy
02/22/21	DMG & Partners	ST Engineering	3.75	4.25	Buy
02/22/21	CIMB	ST Engineering	3.75	4	Add
02/22/21	DBS Vickers	Straits Trading	2.77	3.9	Buy	Sum of parts (40% discount)
02/22/21	Phillip	Starhub	1.28	1.24	Neutral	Ev/Ebitda 6x
02/22/21	UOB Kay Hian	Starhub	1.28	1.35	Hold
02/22/21	DMG & Partners	Starhub	1.28	1.38	Neutral