Stock calls for 25 February 2021

Date	Analyst	Company	Last	Target	Call	Valuation
02/25/21	DBS Vickers	APAC Realty	0.44	0.61	Buy	PER11.4x FY21
02/25/21	CIMB	APAC Realty	0.44	0.675	Add	DCF
02/25/21	CIMB	Capitaland	3.15	3.42	Add	RNAV
02/25/21	OCBC	Capitaland	3.15	3.79	Buy	RNAV (20% discount)
02/25/21	UOB Kay Hian	Capitaland	3.15	3.1	Hold
02/25/21	Macquarie	City Developments	7.33	8.2	Outperform	RNAV (40% discount)
02/25/21	CIMB	CSE Global	0.49	0.63	Add	PER12x CY22
02/25/21	DBS Vickers	CSE Global	0.49	0.64	Buy	PER9.9x
02/25/21	DBS Vickers	EC World Reit	0.72	0.8	Buy	DCF
02/25/21	Lim & Tan	Fu Yu	0.28	0	Hold
02/25/21	CIMB	Jiutian	0.096	0.135	Add	PER5.7x FY22
02/25/21	UOB Kay Hian	Koufu	0.665	0.77	Buy
02/25/21	DBS Vickers	Koufu	0.665	0.77	Buy	PER17x FY21
02/25/21	UOB Kay Hian	OCBC	10.85	14.68	Buy
02/25/21	DBS Vickers	OCBC	10.85	11.9	Buy	GGM, PB1.03x FY21
02/25/21	DMG & Partners	OCBC	10.85	12.5	Buy
02/25/21	Kim Eng	OCBC	10.85	12.74	Buy	DDM
02/25/21	Jefferies	OCBC	10.85	12.5	Buy
02/25/21	CIMB	OCBC	10.85	12.52	Add	GGM
02/25/21	phillip	Sembcorp Industries	1.62	1.77	Accumulate	PB0.85x FY21
02/25/21	DBS Vickers	Sheng Siong	1.57	1.77	Buy	PER25x FY21
02/25/21	DBS Vickers	UOB	23.88	26.8	Buy	GGM, PB1.04x FY21
02/25/21	Lim & Tan	UOB	23.88	0	Accumulate
02/25/21	UOB Kay Hian	Venture	19.48	23.76	Buy	PER19.4x FY21