Stock calls for 21 November 2023

Date	Analyst	Company	Last	Target	Call	Valuation
11/21/23	UOB Kay Hian	Delfi	1.16	1.76	Buy	PER17x FY24
11/21/23	Amfrasers	Food Empire	1.1	1.45	outperform	Sum of parts
11/21/23	DBS Vickers	Frasers Hospitality Trust	0.515	0.62	Buy	DCF
11/21/23	CIMB	Frasers Property	0.825	1.41	Add	RNAV (45% discount)
11/21/23	Lim & Tan	Keppel Corp	6.43	7.52	Accumulate
11/21/23	DBS Vickers	Sarine	0.285	0.25	Fully Valued	PER21x FY24
11/21/23	DMG & Partners	SGX	9.44	10.3	Neutral
11/21/23	DMG & Partners	Wilmar	3.64	4.4	Buy