Netlink - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/19	UOB Kay Hian	Netlink	0.83	0.92	Buy
04/01/19	Kim Eng	Netlink	0.83	0.93	Buy
05/07/19	UOB Kay Hian	Netlink	0.825	0.92	Buy	DCF
05/09/19	DBS Vickers	Netlink	0.82	0.87	Buy
05/15/19	OCBC	Netlink	0.835	0.95	Buy
05/15/19	DBS Vickers	Netlink	0.835	0.9	Buy	DCF
05/15/19	Phillip	Netlink	0.835	0.93	Accumulate	DCF
05/15/19	Kim Eng	Netlink	0.835	0.94	Buy	DDM
06/03/19	Phillip	Netlink	0.83	0.93	Buy	DCF
06/06/19	DBS Vickers	Netlink	0.825	0.9	Buy
06/12/19	UOB Kay Hian	Netlink	0.835	0.97	Buy
06/27/19	Kim Eng	Netlink	0.89	0.94	Buy
07/15/19	Phillip	Netlink	0.88	0.93	Accumulate	DCF
07/17/19	Kim Eng	Netlink	0.885	0.94	Buy
08/06/19	UOB Kay Hian	Netlink	0.88	0.92	Buy	DCF
08/06/19	Phillip	Netlink	0.88	0.93	Accumulate	DCF
08/07/19	Kim Eng	Netlink	0.865	0.94	Buy	DDM
08/07/19	DBS Vickers	Netlink	0.865	0.95	Buy	DCF
10/07/19	UOB Kay Hian	Netlink	0.9	1.01	Buy	DCF
10/11/19	Phillip	Netlink	0.91	0.93	Accumulate
10/17/19	Kim Eng	Netlink	0.9	1.03	Buy	DDM
10/18/19	DBS Vickers	Netlink	0.91	0.95	Buy
11/04/19	UOB Kay Hian	Netlink	0.935	1.01	Buy	DCF
11/04/19	Phillip	Netlink	0.935	0.99	Accumulate	DCF
11/05/19	OCBC	Netlink	0.955	1.03	Buy
11/05/19	DBS Vickers	Netlink	0.955	1.04	Buy	DCF
11/05/19	Kim Eng	Netlink	0.955	1.06	Buy
01/03/20	DBS Vickers	Netlink	0.94	1.04	Buy	DCF
01/30/20	UOB Kay Hian	Netlink	1	1.05	Buy	DCF
02/10/20	DBS Vickers	Netlink	1.01	1.04	Buy	DCF
02/11/20	UOB Kay Hian	Netlink	1	1.05	Buy	DCF
02/12/20	DBS Vickers	Netlink	1	1.05	Buy	DCF
02/14/20	Phillip	Netlink	1.01	0.99	Neutral	DCF
03/02/20	DBS Vickers	Netlink	0.98	1.05	Buy
03/23/20	DBS Vickers	Netlink	0.9	0.95	Buy	DCF
05/08/20	DBS Vickers	Netlink	1	1.02	Hold	DCF
05/11/20	phillip	Netlink	0.985	1.03	Accumlate	DCF
05/11/20	UOB Kay Hian	Netlink	0.985	1.08	Buy

Moya Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/02/19	DMG & Partners	Moya Asia	0.081	0.095	Buy
06/06/19	DMG & Partners	Moya Asia	0.076	0.1	Buy
08/20/19	DMG & Partners	Moya Asia	0.068	0.083	Buy	DCF
10/15/19	DMG & Partners	Moya Asia	0.065	0.08	Buy
01/09/20	DMG & Partners	Moya Asia	0.08	0.093	Buy	DCF
03/02/20	DMG & Partners	Moya Asia	0.073	0.082	Buy	DCF

Stock calls for 29 May 2020

Date	Analyst	Company	Last	Target	Call	Valuation
05/29/20	DMG & Partners	APAC Realty	0.35	0.6	Buy
05/29/20	DBS Vickers	Capitamall Trust	1.93	2.15	Buy	PB1x
05/29/20	DBS Vickers	China Everbright	0.199	0.49	Buy	PER7x
05/29/20	DMG & Partners	City Developments	7.67	9.5	Buy	RNAV (45% discount)
05/29/20	DBS Vickers	Keppel Corp	5.97	6.8	Buy
05/29/20	CIMB	Keppel Corp	5.97	7.48	Add	Sum of parts
05/29/20	DMG & Partners	Keppel Corp	5.97	7.3	Buy
05/29/20	DBS Vickers	Mapletree Commercial	1.66	2.25	Buy
05/29/20	DMG & Partners	Sheng Siong	1.52	1.72	Buy	DCF
05/29/20	DBS Vickers	Singtel	2.51	3.09	Buy
05/29/20	UOB Kay Hian	Singtel	2.51	2.8	Buy	DCF
05/29/20	DMG & Partners	Singtel	2.51	3.4	Buy	Sum of parts
05/29/20	Lim & Tan	Singtel	2.51	2.45	Hold
05/29/20	OCBC	Singtel	2.51	3.24	Buy
05/29/20	DBS Vickers	SPH Reit	0.825	0.8	Hold
05/29/20	DBS Vickers	Starhill	0.46	0.5	Hold
05/29/20	Kim Eng	Top Glove	4.62	6.52	Buy	Ringgit target $20, PER23x CY21

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/31/19	DBS Vickers	MM2 Asia	0.24	0.34	Buy	Sum of parts, PER16x FY20
06/04/19	Kim Eng	MM2 Asia	0.245	0.26	Hold
07/19/19	DBS Vickers	MM2 Asia	0.23	0.34	Buy	PER16x FY20
08/15/19	DBS Vickers	MM2 Asia	0.197	0.29	Buy	Sum of parts
08/20/19	Kim Eng	MM2 Asia	0.186	0.2	Hold	PEG1x
10/09/19	CIMB	MM2 Asia	0.215	0.32	Add	Sum of parts
11/15/19	DBS Vickers	MM2 Asia	0.285	0.3	Hold	Sum of parts, PER12.8x FY20
03/25/20	DBS Vickers	MM2 Asia	0.124	0.107	Fully Valued

Mindchamps - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/19	DMG & Partners	Mindchamps	0.655	0.87	Buy
05/17/19	DMG & Partners	Mindchamps	0.66	0.83	Buy	DCF
08/27/19	DMG & Partners	Mindchamps	0.525	0.83	Buy
12/11/19	DMG & Partners	Mindchamps	0.46	0.87	Buy
03/02/20	DMG & Partners	Mindchamps	0.395	0.37	Neutral	DCF

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/02/19	Phillip	Micro-Mechanics	1.63	1.63	Neutral	PER15x FY20
09/03/19	Phillip	Micro-Mechanics	1.59	1.6	Neutral	PER15x FY20
11/05/19	Phillip	Micro-Mechanics	1.9	1.6	Reduce
02/12/20	Phillip	Micro-Mechanics	1.88	1.6	Reduce	PER15x FY20
04/27/20	Phillip	Micro-Mechanics	1.64	1.6	Neutral
04/29/20	UOB Kay Hian	Micro-Mechanics	1.7	1.82	Hold	Buy @ $1.55

Stock calls for 28 May 2020

Date	Analyst	Company	Last	Target	Call	Valuation
05/28/20	Macquarie	AIMS AMP Cap Ind Reit	1.22	1.45	Outperform
05/28/20	Lim & Tan	City Developments	7.68	11.2	Buy
05/28/20	Macquarie	Dairy Farm	4.26	5.8	Outperform
05/28/20	Macquarie	Keppel Corp	6.03	7	Outperform
05/28/20	Macquarie	SGX	8.75	11	Outperform
05/28/20	DMG & Partners	SGX	8.75	8.6	Hold	PER24x FY21
05/28/20	DBS Vickers	SGX	8.75	7.4	Fully Valued	DDM
05/28/20	CIMB	SGX	8.75	8	Reduce
05/28/20	OCBC	SGX	8.75	8	Sell	PER21.6x FY21
05/28/20	Jefferies	SGX	8.75	8.5	Hold	PER23.5x
05/28/20	Lim & Tan	SGX	8.75	0	Buy on weakness
05/28/20	UOB Kay Hian	Unusual	0.135	0.123	Hold	Buy @ $0.111
05/28/20	Macquarie	UOL	6.71	10.15	Outperform

Memtech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/26/19	UOB Kay Hian	Memtech	0.96	1.33	Buy
05/15/19	CIMB	Memtech	1.09	1.35	Accept offer	offer $1.35
05/15/19	Lim & Tan	Memtech	1.09	1.35	Accept offer	offer $1.35
06/17/19	Lim & Tan	Memtech	1.33	1.35	Accept offer	offer $1.35

Mapletree North Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/03/19	DBS Vickers	Mapletree North Asia	1.31	1.45	Buy
05/02/19	OCBC	Mapletree North Asia	1.36	1.4	Hold
05/02/19	DBS Vickers	Mapletree North Asia	1.36	1.6	Buy	DCF
07/19/19	DBS Vickers	Mapletree North Asia	1.45	1.65	Buy	DCF
07/30/19	OCBC	Mapletree North Asia	1.38	1.43	Hold
07/31/19	CIMB	Mapletree North Asia	1.42	1.5	Add	DDM
08/14/19	OCBC	Mapletree North Asia	1.28	1.43	Buy
09/30/19	DBS Vickers	Mapletree North Asia	1.33	1.65	Buy	DCF
10/29/19	Lim & Tan	Mapletree North Asia	1.26	0	Hold
10/30/19	DBS Vickers	Mapletree North Asia	1.27	1.6	Buy	DCF
10/31/19	OCBC	Mapletree North Asia	1.27	1.43	Buy
11/12/19	DBS Vickers	Mapletree North Asia	1.23	1.6	Buy
12/05/19	OCBC	Mapletree North Asia	1.16	1.41	Buy
12/06/19	DBS Vickers	Mapletree North Asia	1.15	1.3	Buy	DCF
12/09/19	OCBC	Mapletree North Asia	1.18	1.36	Buy
01/20/20	OCBC	Mapletree North Asia	1.24	1.37	Buy
01/20/20	Lim & Tan	Mapletree North Asia	1.24	0	Hold
01/22/20	CIMB	Mapletree North Asia	1.24	1.31	Add	DDM
01/22/20	DBS Vickers	Mapletree North Asia	1.24	1.35	Buy	DCF
04/03/20	DBS Vickers	Mapletree North Asia	0.78	1.05	Buy	DCF
04/03/20	CIMB	Mapletree North Asia	0.78	1.3	Add
05/04/20	CIMB	Mapletree North Asia	0.945	1.26	Add
05/04/20	DBS Vickers	Mapletree North Asia	0.945	1.05	Buy	DCF

Mapletree Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/18/19	OCBC	Mapletree Logistics	1.44	1.45	Hold
04/29/19	Kim Eng	Mapletree Logistics	1.48	1.4	Hold
04/29/19	DBS Vickers	Mapletree Logistics	1.48	1.6	Buy
04/29/19	CIMB	Mapletree Logistics	1.48	1.48	Hold
04/30/19	OCBC	Mapletree Logistics	1.47	1.38	Hold
05/02/19	UOB Kay Hian	Mapletree Logistics	1.48	1.39	Hold	Buy @ $1.26
06/06/19	DBS Vickers	Mapletree Logistics	1.5	1.6	Buy
07/19/19	DBS Vickers	Mapletree Logistics	1.61	1.85	Buy
07/23/19	OCBC	Mapletree Logistics	1.61	1.4	Hold
07/24/19	Kim Eng	Mapletree Logistics	1.61	1.55	Hold
07/25/19	UOB Kay Hian	Mapletree Logistics	1.6	1.39	Hold	DDM
09/18/19	DBS Vickers	Mapletree Logistics	1.58	1.85	Buy
10/22/19	Kim Eng	Mapletree Logistics	1.66	1.6	Hold
10/22/19	OCBC	Mapletree Logistics	1.66	1.41	Hold
10/22/19	CIMB	Mapletree Logistics	1.66	1.55	Hold	DDM
11/07/19	DBS Vickers	Mapletree Logistics	1.69	1.9	Buy
12/19/19	DBS Vickers	Mapletree Logistics	1.67	1.9	Buy
01/21/20	DBS Vickers	Mapletree Logistics	1.81	1.9	Buy	DCF
01/21/20	OCBC	Mapletree Logistics	1.81	1.59	Hold
01/21/20	Lim & Tan	Mapletree Logistics	1.81	0	Hold
01/22/20	DBS Vickers	Mapletree Logistics	1.82	1.9	Buy	DCF
01/22/20	CIMB	Mapletree Logistics	1.82	1.56	Hold	DDM
01/31/20	CIMB	Mapletree Logistics	1.85	1.59	Hold
02/04/20	DBS Vickers	Mapletree Logistics	1.85	1.9	Buy
03/02/20	DBS Vickers	Mapletree Logistics	1.85	1.9	Hold
03/04/20	UOB Kay Hian	Mapletree Logistics	1.89	2.08	Buy	DDM
04/08/20	DBS Vickers	Mapletree Logistics	1.63	1.85	Buy
04/27/20	UOB Kay Hian	Mapletree Logistics	1.73	2.08	Buy	DDM
04/27/20	Kim Eng	Mapletree Logistics	1.73	1.85	Hold

Stock calls for 27 May 2020

Date	Analyst	Company	Last	Target	Call	Valuation
05/27/20	UOB Kay Hian	Capitamall Trust	1.88	2.6	Buy
05/27/20	phillip	Dasin Retail	0.83	0.91	Accumulate	DDM
05/27/20	Lim & Tan	Food Empire	0.515	0.63	Accumlate	PER12.3x FY20
05/27/20	UOB Kay Hian	Frasers Centrepoint Trust	2.25	2.85	Buy
05/27/20	UOB Kay Hian	Mapletree Commercial	1.95	2.38	Buy
05/27/20	DMG & Partners	Oxley	0.23	0.29	Buy	RNAV (55% discount)
05/27/20	Amfrasers	Soilbuild Reit	0.38	0.48	Neutral
05/27/20	CIMB	Top Glove	4.42	5.37	Add	Ringgit target $15.50, PER36.8x CY21

Mapletree Industrial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/03/19	DBS Vickers	Mapletree Industrial	2.12	2.3	Buy
04/04/19	Kim Eng	Mapletree Industrial	2.11	2.25	Buy	DDM
06/19/19	Phillip	Mapletree Industrial	2.17	2.03	Neutral
06/25/19	Kim Eng	Mapletree Industrial	2.18	2.25	Buy
07/11/19	CIMB	Mapletree Industrial	2.29	2.32	Add	DDM
07/11/19	Kim Eng	Mapletree Industrial	2.29	2.4	Buy	DDM
07/11/19	DBS Vickers	Mapletree Industrial	2.29	2.5	Buy	DCF
07/22/19	Phillip	Mapletree Industrial	2.31	2.03	Neutral	DDM, PB1.36x FY19
07/24/19	OCBC	Mapletree Industrial	2.3	2.06	Hold
07/24/19	CIMB	Mapletree Industrial	2.3	2.37	Hold
07/25/19	OCBC	Mapletree Industrial	2.25	2.29	Hold
07/25/19	UOB Kay Hian	Mapletree Industrial	2.25	1.94	Hold
08/26/19	Phillip	Mapletree Industrial	2.28	2.03	Neutral
09/13/19	UOB Kay Hian	Mapletree Industrial	2.3	2.58	Buy	DDM
09/17/19	OCBC	Mapletree Industrial	2.33	2.29	Hold
09/19/19	Kim Eng	Mapletree Industrial	2.4	2.5	Buy
09/19/19	OCBC	Mapletree Industrial	2.4	2.55	Buy
09/24/19	Phillip	Mapletree Industrial	2.47	2.03	Neutral
09/25/19	DBS Vickers	Mapletree Industrial	2.49	2.75	Buy
09/26/19	CIMB	Mapletree Industrial	2.49	2.44	Add	DDM
10/10/19	UOB Kay Hian	Mapletree Industrial	2.5	2.69	Buy
10/18/19	Phillip	Mapletree Industrial	2.57	2.06	Neutral
10/24/19	OCBC	Mapletree Industrial	2.52	2.55	Hold
10/24/19	UOB Kay Hian	Mapletree Industrial	2.52	2.9	Buy
10/24/19	DBS Vickers	Mapletree Industrial	2.52	2.75	Buy
11/21/19	Kim Eng	Mapletree Industrial	2.5	2.7	Buy
11/25/19	Phillip	Mapletree Industrial	2.51	2.03	Neutral
12/19/19	DBS Vickers	Mapletree Industrial	2.52	2.75	Buy
01/22/20	OCBC	Mapletree Industrial	2.78	2.87	Hold
01/22/20	DBS Vickers	Mapletree Industrial	2.78	3	Buy
01/23/20	UOB Kay Hian	Mapletree Industrial	2.77	2.9	Buy
02/04/20	DBS Vickers	Mapletree Industrial	2.78	3	Buy
03/02/20	DBS Vickers	Mapletree Industrial	2.68	3	Buy
03/13/20	Phillip	Mapletree Industrial	2.77	2.03	Neutral
03/18/20	UOB Kay Hian	Mapletree Industrial	2.14	2.9	Buy
04/17/20	DBS Vickers	Mapletree Industrial	2.41	2.7	Buy	DCF
04/28/20	Lim & Tan	Mapletree Industrial	2.44	0	Hold
04/29/20	Kim Eng	Mapletree Industrial	2.53	2.95	Buy	DDM
04/29/20	UOB Kay Hian	Mapletree Industrial	2.53	2.85	Buy
04/29/20	CIMB	Mapletree Industrial	2.53	2.66	Add	DDM

Mapletree Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/04/19	Kim Eng	Mapletree Commercial	1.87	1.8	Hold
04/24/19	OCBC	Mapletree Commercial	1.84	1.85	Hold
04/25/19	DBS Vickers	Mapletree Commercial	1.89	2	Buy	DCF
05/28/19	CIMB	Mapletree Commercial	1.93	2.03	Add
06/21/19	UOB Kay Hian	Mapletree Commercial	2.04	2.22	Buy	DDM
07/10/19	CIMB	Mapletree Commercial	2.05	2.03	Add
07/19/19	DBS Vickers	Mapletree Commercial	2.07	2.25	Buy	DCF
07/26/19	OCBC	Mapletree Commercial	2.1	1.89	Sell
07/26/19	UOB Kay Hian	Mapletree Commercial	2.1	2.22	Buy
07/26/19	Lim & Tan	Mapletree Commercial	2.1	0	Hold
07/29/19	Kim Eng	Mapletree Commercial	2.07	2.1	Hold	DDM
08/22/19	CIMB	Mapletree Commercial	2.08	2.24	Add
08/28/19	UOB Kay Hian	Mapletree Commercial	2.12	2.22	Buy
09/09/19	DBS Vickers	Mapletree Commercial	2.24	2.39	Buy	DCF
09/27/19	Lim & Tan	Mapletree Commercial	2.36	0	Hold
09/30/19	UOB Kay Hian	Mapletree Commercial	2.34	2.38	Hold	DDM
09/30/19	Kim Eng	Mapletree Commercial	2.34	2.1	Hold
09/30/19	CIMB	Mapletree Commercial	2.34	2.38	Hold	DDM
10/16/19	UOB Kay Hian	Mapletree Commercial	2.34	2.38	Hold	DDM, Buy @ $2.16
10/16/19	CIMB	Mapletree Commercial	2.34	2.39	Hold	DDM
10/16/19	OCBC	Mapletree Commercial	2.34	2.28	Hold
10/16/19	Kim Eng	Mapletree Commercial	2.34	2.35	Hold	DDM
11/08/19	DBS Vickers	Mapletree Commercial	2.39	2.6	Buy	DCF
01/23/20	Kim Eng	Mapletree Commercial	2.44	2.45	Hold	DDM
01/24/20	DBS Vickers	Mapletree Commercial	2.43	2.6	Buy
01/24/20	Lim & Tan	Mapletree Commercial	2.43	0	Hold
02/03/20	OCBC	Mapletree Commercial	2.35	2.44	Hold
03/06/20	UOB Kay Hian	Mapletree Commercial	2.3	2.62	Buy	DDM
03/18/20	DBS Vickers	Mapletree Commercial	1.77	2.6	Buy
04/02/20	DBS Vickers	Mapletree Commercial	1.75	1.9	Buy
04/23/20	Lim & Tan	Mapletree Commercial	1.77	0	Take Profit
04/24/20	UOB Kay Hian	Mapletree Commercial	1.76	2.02	Buy	DDM
04/27/20	Kim Eng	Mapletree Commercial	1.76	2.15	Buy	DDM