Yongnam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/26/17	CIMB	Yongnam	0.305	0.53	Add	PB0.8x FY18
12/20/17	CIMB	Yongnam	0.325	0.53	Add
01/05/18	CIMB	Yongnam	0.335	0.53	Add	PB0.8x FY18
02/02/18	CIMB	Yongnam	0.35	0.53	Add	PB0.8x FY18
03/02/18	CIMB	Yongnam	0.3	0.57	Add	PB0.8x FY19
04/10/18	CIMB	Yongnam	0.29	0.57	Add	PB0.8x FY19
05/16/18	CIMB	Yongnam	0.31	0.56	Add	PB0.8x FY19
08/15/18	CIMB	Yongnam	0.255	0.45	Add	PB0.8x FY19

Yoma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Yoma	0.585	0.75	Buy	Sum of parts (10% discount)
02/13/17	DBS Vickers	Yoma	0.58	0.8	Buy
03/28/17	DMG & Partners	Yoma	0.62	0.78	Buy	Sum of parts (10% discount)
04/11/17	DIR	Yoma	0.63	0.66	Hold	Sum of parts (30% discount)
05/24/17	OCBC	Yoma	0.575	0.54	Hold
05/25/17	DBS Vickers	Yoma	0.575	0.8	Buy
05/25/17	DIR	Yoma	0.575	0.62	Hold	Sum of parts (30% discount)
06/06/17	DMG & Partners	Yoma	0.59	0.78	Buy	Sum of parts (10% discount)
07/05/17	OCBC	Yoma	0.585	0.54	Hold
07/27/17	OCBC	Yoma	0.61	0.58	Hold
07/27/17	DMG & Partners	Yoma	0.61	0.78	Buy	Sum of parts (10% discount)
08/21/17	OCBC	Yoma	0.565	0.58	Hold
09/15/17	OCBC	Yoma	0.58	0.58	Hold
10/11/17	OCBC	Yoma	0.6	0.58	Hold
10/30/17	DBS Vickers	Yoma	0.59	0.75	Buy	Sum of parts (30% discount)
11/06/17	OCBC	Yoma	0.585	0.55	Hold
12/15/17	DBS Vickers	Yoma	0.54	0.75	Buy
01/02/18	OCBC	Yoma	0.54	0.55	Hold
02/07/18	OCBC	Yoma	0.48	0.55	Buy
03/07/18	OCBC	Yoma	0.42	0.51	Buy	Sum of parts
03/07/18	DBS Vickers	Yoma	0.42	0.75	Buy
05/03/18	DMG & Partners	Yoma	0.43	0.66	Buy	Sum of parts
05/31/18	DBS Vickers	Yoma	0.4	0.58	Buy	RNAV (40% discount)
06/29/18	CIMB	Yoma	0.365	0.62	Not Rated	Bloomberg consensus

Yanlord - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/17	DBS Vickers	Yanlord	1.5	2.21	Buy	PER8.9x FY17
05/17/17	DBS Vickers	Yanlord	1.895	2.25	Buy	PER8.3x FY17
05/18/17	Macquarie	Yanlord	1.88	0	Outperform
11/15/17	DBS Vickers	Yanlord	1.74	2.25	Buy	PER7.1x FY18
01/03/18	Citibank	Yanlord	1.72	1.75	Neutral	RNAV (50% discount)
05/21/18	DBS Vickers	Yanlord	1.67	2.27	Buy	PER6x FY18
06/06/18	OCBC	Yanlord	1.7	2.24	Buy	PER6x
08/16/18	OCBC	Yanlord	1.51	2.13	Buy	PER5.5x
08/20/18	DBS Vickers	Yanlord	1.48	2.17	Buy	PER5.5x FY18/19

Stock calls for 28 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/28/18	CIMB	Capitamall Trust	2.17	2.21	Hold	DDM
08/28/18	UOB Kay Hian	Capitamall Trust	2.17	2.02	Hold	DDM, Buy @ $1.84
08/28/18	phillip	Geo Energy	0.22	0.34	Buy	PER10x
08/28/18	Kim Eng	Guocoland	1.93	1.9	Hold	RNAV (45% discount)
08/28/18	UOB Kay Hian	HMI	0.62	0.82	Buy	DCF
08/28/18	UOB Kay Hian	Keppel T&T	1.4	1.51	Hold	Sum of parts, Buy @ $1.36
08/28/18	DBS Vickers	Koufu	0.655	0.84	Buy	PER17x FY19
08/28/18	DMG & Partners	Silverlake	0.46	0.57	Buy	DCF
08/28/18	DBS Vickers	UMS	0.825	0.86	Hold	PER10x FY19
08/28/18	Lim & Tan	Wheelock Properties	2.2	2.1	Reject offer	Offer $2.1
08/28/18	DBS Vickers	Y Venture	0.4	0.48	Hold	EV/Ebitda19x FY19

This is the reason why we need to avoid property investments in Malaysia.

https://sg.finance.yahoo.com/news/malaysia-bars-foreigners-forest-city-053237909.html

Malaysia is not a place for property investments because of its political instability.  This instability will affect the investment climate and shatter investors' confidence.

The forest city project will fall in prices because Malaysia is going to bar foreigners from investing and living in forest city by not issuing the visas.

Yangzijiang - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/17	DBS Vickers	Yangzijiang	0.98	1.12	Buy	Sum of parts
03/02/17	DIR	Yangzijiang	0.98	0.82	Underperform	PER7.4x FY17
03/02/17	OCBC	Yangzijiang	0.98	0.96	Hold	PER8x
03/15/17	CIMB	Yangzijiang	1.105	1.21	Add	Sum of parts
04/03/17	CIMB	Yangzijiang	1.13	1.21	Add	Sum of parts
04/12/17	Credit Suisse	Yangzijiang	1.155	1	Neutral
04/28/17	Credit Suisse	Yangzijiang	1.16	1.1	Neutral
04/28/17	OCBC	Yangzijiang	1.16	0.96	Hold
05/02/17	CIMB	Yangzijiang	1.15	1.25	Buy	Sum of parts
05/02/17	DBS Vickers	Yangzijiang	1.15	1.35	Buy	Sum of parts
05/02/17	OCBC	Yangzijiang	1.15	1.18	Hold	Sum of parts
06/08/17	CLSA	Yangzijiang	1.235	0.9	Sell
07/06/17	OCBC	Yangzijiang	1.225	1.18	Hold
07/18/17	Credit Suisse	Yangzijiang	1.34	1.1	Neutral
07/21/17	DBS Vickers	Yangzijiang	1.35	1.35	Buy
08/10/17	UOB Kay Hian	Yangzijiang	1.555	1.42	Hold	PB1.1x, Buy @ $1.14
08/10/17	CIMB	Yangzijiang	1.555	1.66	Add	Sum of parts, PB1x
08/10/17	Credit Suisse	Yangzijiang	1.555	1.5	Neutral	Sum of parts
08/10/17	OCBC	Yangzijiang	1.555	1.58	Hold	Buy @ $1.48
08/11/17	DBS Vickers	Yangzijiang	1.595	1.7	Buy	Sum of parts, PB1.3x
08/25/17	DIR	Yangzijiang	1.565	1.24	Sell	PER10x FY17/18
09/04/17	CIMB	Yangzijiang	1.495	1.66	Add	Sum of parts
09/04/17	DBS Vickers	Yangzijiang	1.495	1.7	Buy	Sum of parts, PB1.3x
09/06/17	Credit Suisse	Yangzijiang	1.415	1.5	Neutral
09/25/17	OCBC	Yangzijiang	1.41	1.48	Hold
10/09/17	DBS Vickers	Yangzijiang	1.49	1.7	Buy
10/26/17	Credit Suisse	Yangzijiang	1.53	1.5	Neutral
11/13/17	OCBC	Yangzijiang	1.64	1.63	Hold
11/13/17	CIMB	Yangzijiang	1.64	1.8	Add	Sum of parts
11/14/17	DBS Vickers	Yangzijiang	1.67	1.82	Buy	Sum of parts, PB1.3x
12/20/17	CIMB	Yangzijiang	1.49	1.8	Add
03/02/18	OCBC	Yangzijiang	1.45	1.49	Hold	Sum of parts
03/02/18	CIMB	Yangzijiang	1.45	1.51	Hold	Sum of parts
03/05/18	DBS Vickers	Yangzijiang	1.41	1.82	Buy	Sum of parts, PB1.3x
03/16/18	OCBC	Yangzijiang	1.3	1.34	Hold	Sum of parts
04/30/18	DBS Vickers	Yangzijiang	1.16	1.82	Buy
04/30/18	CIMB	Yangzijiang	1.16	1.27	Hold	Sum of parts
04/30/18	OCBC	Yangzijiang	1.16	1.22	Hold
05/02/18	DBS Vickers	Yangzijiang	1.17	1.82	Buy	Sum of parts
06/06/18	CIMB	Yangzijiang	1.02	1.27	Add	Sum of parts
06/12/18	OCBC	Yangzijiang	0.995	1.18	Buy	Sum of parts
06/25/18	UOB Kay Hian	Yangzijiang	0.96	1.3	Buy
07/03/18	DBS Vickers	Yangzijiang	0.885	1.82	Buy	Sum of parts, PB1.25x
07/03/18	UOB Kay Hian	Yangzijiang	0.885	1.3	Buy
07/11/18	CIMB	Yangzijiang	0.91	1.27	Add	Sum of parts
08/08/18	CIMB	Yangzijiang	0.91	1.29	Add	Sum of parts
08/10/18	DBS Vickers	Yangzijiang	0.99	1.82	Buy	Sum of parts

Y Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/22/17	UOB Kay Hian	Y Venture	0.196	0.28	Buy
01/29/18	Phillip	Y Venture	0.44	0.7	Buy	PER30x FY18
03/05/18	Phillip	Y Venture	0.68	0.7	Neutral	PER30x FY18
03/05/18	UOB Kay Hian	Y Venture	0.68	0.8	Buy	Up from $0.65
03/28/18	DBS Vickers	Y Venture	0.535	0.77	Buy	EV/Ebitda20x FY19
04/09/18	UOB Kay Hian	Y Venture	0.53	0.8	Buy	PEG0.86x, Price-To-Sales2.6x FY19
05/28/18	CIMB	Y Venture	0.48	0.62	Add
06/28/18	CIMB	Y Venture	0.445	0.62	Add	PER30x CY19
08/02/18	CIMB	Y Venture	0.5	0.62	Add	PER30x FY19
08/02/18	DBS Vickers	Y Venture	0.5	0.77	Buy	EV/Ebitda20x FY19
08/03/18	Phillip	Y Venture	0.5	0.7	Buy
08/16/18	CIMB	Y Venture	0.445	0.56	Add	PER30x FY19
08/17/18	Phillip	Y Venture	0.44	0.61	Buy	PER30x FY18

World Class - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/26/17	UOB Kay Hian	World Class	0.23	0.32	Buy

Stock calls for 27 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/18	Lim & Tan	GL Ltd	0.77	0	Buy
08/27/18	Kim Eng	Oxley	0.35	0.36	Hold
08/27/18	CIMB	Silverlake	0.455	0.56	Add	DCF
08/27/18	UOB Kay Hian	Synagie	0.27	0.45	Buy	Price-to-Sales 4.2x FY19
08/27/18	DMG & Partners	UG Healthcare	0.22	0.32	Buy	PER12x FY19

Is a HDB really the same as a leasehold private property?

http://www.asiaone.com/singapore/pm-lee-hsien-loong-refutes-notion-99-year-hdb-lease-extended-rental-not-sale

Quote:

"HDB lessees have all the rights over their flats that owners of such leasehold private properties have. You can live in it, you can transact it, you can bequeath it to your children - it is yours," said Mr Lee, at a book launch held at the National University of Singapore.

End Quote.

If a HDB has the same property right as a leasehold private property, why does the HDB address a HDB owner as lessee instead of property owner whilst the URA addresses the leasehold private property owner as owner?

This shows that the HDB doesn't recognise the HDB as the true owner of the flat but just a lessee whilst URA recognises the leasehold property owner as the true owner.

Baltic dry index - 1697

Today, Friday, August 24 2018, the Baltic Dry Index decreased by 12 points, reaching 1697 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

=====================

Related stocks: Sembcorp Marine, Cosco & Pan Ocean.

US rig count - 1044

HOUSTON, Aug. 24 (Xinhua) -- The number of active drilling rigs in the United States decreased by 13 to 1044 this week, showed weekly data released by Baker Hughes on Friday.

The Houston-based oilfield services company reported that the U.S. state of Louisiana led the drop with reducing by seven rigs, while Texas gained three rigs and increased its overall rig count to 528.

The number of rigs operating in U.S. oil fields fell by nine to a total of 860 rigs this week, which is the biggest reduction since May 2016. More than half of the U.S. oil rigs were located in the Permian Basin region of western Texas and southeastern New Mexico.

The West Texas Intermediate (WTI) for October delivery rose 0.89 U.S. dollar to settle at 68.72 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 1.09 dollars to 75.82 dollars a barrel on the London ICE Futures Exchange.

==================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

Wing Tai - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/17	Kim Eng	Wing Tai	1.64	1.67	Hold
01/11/17	Jefferies	Wing Tai	1.64	2.88	Buy	Up from $2.40
02/07/17	OCBC	Wing Tai	1.785	2.37	Buy
03/10/17	CIMB	Wing Tai	1.79	2.05	Add	RNAV (35% discount)
03/13/17	Deutsche	Wing Tai	1.935	2	Buy
03/13/17	Kim Eng	Wing Tai	1.935	1.67	Hold
03/13/17	OCBC	Wing Tai	1.935	2.37	Buy
03/13/17	UOB Kay Hian	Wing Tai	1.935	2.54	Buy
03/16/17	Kim Eng	Wing Tai	1.9	1.8	Hold
05/12/17	Deutsche	Wing Tai	1.86	2.4	Buy
05/12/17	Kim Eng	Wing Tai	1.86	1.85	Hold
05/24/17	CIMB	Wing Tai	1.845	2.05	Add	RNAV (35% discount)
05/24/17	Lim & Tan	Wing Tai	1.845	0	Buy on weakness
05/24/17	OCBC	Wing Tai	1.845	2.37	Buy
05/24/17	UOB Kay Hian	Wing Tai	1.845	2.61	Buy	RNAV (25% discount)
06/05/17	OCBC	Wing Tai	1.91	2.37	Buy
06/14/17	DBS Vickers	Wing Tai	2.01	2.37	Buy
06/22/17	Deutsche	Wing Tai	2.02	2.93	Buy
07/18/17	CIMB	Wing Tai	2.02	2.05	Add
08/25/17	CIMB	Wing Tai	2.13	2.32	Add	RNAV (35% discount)
08/25/17	Lim & Tan	Wing Tai	2.13	0	Buy
08/29/17	OCBC	Wing Tai	2.12	2.37	Buy
09/05/17	UOB Kay Hian	Wing Tai	2.11	2.61	Buy	RNAV (25% discount)
10/04/17	UOB Kay Hian	Wing Tai	2.18	2.61	Buy	RNAV (25% discount)
10/06/17	Lim & Tan	Wing Tai	2.24	0	Buy
10/20/17	Deutsche	Wing Tai	2.24	2.6	Buy
10/24/17	Lim & Tan	Wing Tai	2.32	0	Buy
10/25/17	OCBC	Wing Tai	2.33	2.77	Buy
10/25/17	DBS Vickers	Wing Tai	2.33	2.77	Buy
11/02/17	UOB Kay Hian	Wing Tai	2.42	2.61	Buy	RNAV (25% discount)
12/01/17	UOB Kay Hian	Wing Tai	2.17	2.78	Buy
12/14/17	OCBC	Wing Tai	2.3	2.77	Buy
01/04/18	UOB Kay Hian	Wing Tai	2.29	2.78	Buy	RNAV (20% discount)
01/04/18	Deutsche	Wing Tai	2.29	2.6	Buy
01/19/18	UOB Kay Hian	Wing Tai	2.34	2.78	Buy
02/13/18	OCBC	Wing Tai	2.13	2.64	Buy
02/13/18	UOB Kay Hian	Wing Tai	2.13	2.78	Buy
03/02/18	UOB Kay Hian	Wing Tai	2.2	2.78	Buy
04/03/18	UOB Kay Hian	Wing Tai	2.06	2.78	Buy
05/03/18	UOB Kay Hian	Wing Tai	2.05	2.78	Buy	RNAV (20% discount)
06/05/18	UOB Kay Hian	Wing Tai	2.05	2.78	Buy	RNAV (20% discount)
07/04/18	UOB Kay Hian	Wing Tai	1.99	2.78	Buy	RNAV (20% discount)
07/24/18	Jefferies	Wing Tai	2.11	2.4	Buy

Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Wilmar	3.59	3.28	Neutral
01/11/17	DBS Vickers	Wilmar	3.67	3.39	Hold
02/01/17	UOB Kay Hian	Wilmar	3.88	3.5	Sell	Sum of parts, PER12.1x FY17
02/13/17	DBS Vickers	Wilmar	3.93	3.39	Hold
02/21/17	CIMB	Wilmar	3.9	3.93	Hold	Sum of parts
02/21/17	Credit Suisse	Wilmar	3.9	3.73	Neutral
02/22/17	DMG & Partners	Wilmar	3.78	3.56	Neutral	Sum of parts
02/22/17	OCBC	Wilmar	3.78	3.7	Hold	PER14x FY17
03/02/17	UOB Kay Hian	Wilmar	3.65	3.5	Sell	Sum of parts, PER12.1x FY17, Buy @ $3.20
03/13/17	DBS Vickers	Wilmar	3.58	3.9	Hold
04/11/17	DBS Vickers	Wilmar	3.52	3.9	Hold
04/11/17	DMG & Partners	Wilmar	3.52	3.62	Neutral
04/13/17	Credit Suisse	Wilmar	3.52	3.5	Neutral
05/05/17	UOB Kay Hian	Wilmar	3.47	3.5	Hold	Sum of parts, PER12.1x FY17, Buy @ $3.20
05/12/17	CIMB	Wilmar	3.43	3.93	Add	Sum of parts
05/12/17	Credit Suisse	Wilmar	3.43	3.5	Neutral
05/12/17	OCBC	Wilmar	3.43	3.7	Hold
05/15/17	CIMB	Wilmar	3.76	4.52	Add	Sum of parts
05/15/17	DMG & Partners	Wilmar	3.76	3.62	Neutral	DCF, PER13x
05/15/17	Macquarie	Wilmar	3.76	3.7	Neutral
05/15/17	UOB Kay Hian	Wilmar	3.76	4.4	Buy	Sum of parts, PER20x
05/16/17	Credit Suisse	Wilmar	3.82	3.9	Neutral	Sum of parts
05/16/17	DBS Vickers	Wilmar	3.82	3.9	Hold	DCF
06/14/17	UOB Kay Hian	Wilmar	3.51	4.4	Buy	Sum of parts
07/11/17	DBS Vickers	Wilmar	3.32	3.9	Hold
08/11/17	CIMB	Wilmar	3.42	4.52	Add	Sum of parts
08/11/17	DMG & Partners	Wilmar	3.42	3.43	Neutral	Sum of parts
08/11/17	OCBC	Wilmar	3.42	3.66	Hold
08/14/17	DBS Vickers	Wilmar	3.2	3.52	Hold	DCF
08/15/17	Credit Suisse	Wilmar	3.2	3.5	Neutral	PER15x FY17
08/28/17	DIR	Wilmar	3.22	3.82	Buy	PER15x FY17/18
09/05/17	DBS Vickers	Wilmar	3.25	3.52	Hold	DCF
09/07/17	OCBC	Wilmar	3.27	3.68	Hold
10/31/17	UOB Kay Hian	Wilmar	3.4	4.1	Buy	Sum of parts, PER14x FY18
11/13/17	DBS Vickers	Wilmar	3.31	3.52	Hold
11/14/17	UOB Kay Hian	Wilmar	3.32	4.1	Buy	Sum of parts, PER14x FY18
11/14/17	DMG & Partners	Wilmar	3.32	3.33	Neutral	Sum of parts
11/14/17	CIMB	Wilmar	3.32	4.27	Add	Sum of parts
11/14/17	OCBC	Wilmar	3.32	3.51	Hold
11/16/17	DBS Vickers	Wilmar	3.22	3.5	Hold	DCF, PER15x FY18
12/13/17	DMG & Partners	Wilmar	3.11	3.31	Neutral	Sum of parts
12/20/17	CIMB	Wilmar	3.1	4.27	Add
01/04/18	CIMB	Wilmar	3.16	4.27	Add
01/15/18	DBS Vickers	Wilmar	3.16	3.5	Hold
01/16/18	UOB Kay Hian	Wilmar	3.19	4.1	Buy	Sum of parts, PER14x FY18
02/23/18	CIMB	Wilmar	3.04	4.1	Add	Sum of parts
02/23/18	UOB Kay Hian	Wilmar	3.04	4.1	Buy	Sum of parts, PER14x FY18
02/23/18	OCBC	Wilmar	3.04	3.51	Hold	PER13.5x FY18/19
02/26/18	DBS Vickers	Wilmar	3.13	3.65	Buy	DCF
02/26/18	DMG & Partners	Wilmar	3.13	3.45	Buy	Sum of parts
03/05/18	CIMB	Wilmar	3.18	4.1	Add	Sum of parts
03/07/18	UOB Kay Hian	Wilmar	3.16	4.1	Buy	Sum of parts
03/08/18	OCBC	Wilmar	3.18	3.51	Buy
03/14/18	DBS Vickers	Wilmar	3.23	3.65	Buy
04/03/18	DBS Vickers	Wilmar	3.21	3.65	Buy
04/05/18	DMG & Partners	Wilmar	3.08	3.45	Buy
04/06/18	CIMB	Wilmar	3.1	4.1	Add
04/30/18	UOB Kay Hian	Wilmar	3.26	4.1	Buy	Sum of parts, PER14x FY18
05/11/18	CIMB	Wilmar	3.21	4.1	Add	Sum of parts
05/11/18	UOB Kay Hian	Wilmar	3.21	4.1	Buy	Sum of parts, PER14x FY18
05/11/18	DMG & Partners	Wilmar	3.21	3.45	Buy
05/14/18	UOB Kay Hian	Wilmar	3.16	3.9	Buy	Sum of parts, PER14.5x FY18
05/14/18	DBS Vickers	Wilmar	3.16	3.65	Buy	DCF, PER14.4x FY18
05/14/18	OCBC	Wilmar	3.16	3.51	Buy
05/14/18	DMG & Partners	Wilmar	3.16	3.59	Buy	Sum of parts
06/05/18	DBS Vickers	Wilmar	3.28	3.65	Buy
06/21/18	UOB Kay Hian	Wilmar	3.12	3.9	Buy
06/27/18	OCBC	Wilmar	3.06	3.51	Buy
07/03/18	UOB Kay Hian	Wilmar	3.04	3.9	Buy	PER14.5x FY18
07/03/18	DBS Vickers	Wilmar	3.04	3.5	Buy	DCF
07/04/18	DMG & Partners	Wilmar	3.07	3.59	Buy	Sum of parts
08/02/18	DMG & Partners	Wilmar	3.15	3.51	Buy	Sum of parts
08/14/18	UOB Kay Hian	Wilmar	3.13	3.9	Buy	PER14.5x FY18
08/14/18	CIMB	Wilmar	3.13	4.1	Add	Sum of parts
08/15/18	DBS Vickers	Wilmar	3.25	3.61	Buy	DCF
08/15/18	DMG & Partners	Wilmar	3.25	3.69	Buy	Sum of parts

Stock calls for 24 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/24/18	DBS Vickers	A-Reit	2.73	3	Buy
08/24/18	phillip	Banyan Tree	0.54	0.73	Accumulate	Sum of parts, PB0.94x FY18
08/24/18	DBS Vickers	CDL Hospitality	1.52	1.95	Buy
08/24/18	DBS Vickers	Frasers Centrepoint Trust	2.28	2.45	Buy
08/24/18	CIMB	Ho Bee	2.65	3	Add	RNAV (40% discount)
08/24/18	UOB Kay Hian	Keppel Corp	6.81	7.37	Hold	Sum of parts, Buy @ $6.6
08/24/18	DBS Vickers	Mapletree Logistics	1.25	1.53	Buy
08/24/18	Kim Eng	Singtel	3.28	3.46	Hold	DCF
08/24/18	Lim & Tan	UG Healthcare	0.23	0	Buy

Yeah! The current Australian PM is ousted!

https://sg.news.yahoo.com/australian-pms-rival-cleared-remain-parliament-ahead-expected-012503157--business.html

The anti-China Aussie PM is ousted!

The relationship between China & Australia will turn for the better with the new Aussie PM in place.

Wheelock Properties - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/17	Lim & Tan	Wheelock Properties	1.82	0	Hold
03/13/17	OCBC	Wheelock Properties	1.88	2.27	Buy
06/02/17	Phillip	Wheelock Properties	1.74	2.28	Trading Buy	RNAV (15% discount)
06/05/17	OCBC	Wheelock Properties	1.82	2.27	Buy
06/14/17	DBS Vickers	Wheelock Properties	1.895	2.27	Buy
08/15/17	OCBC	Wheelock Properties	1.805	2.27	Buy
09/06/17	UOB Kay Hian	Wheelock Properties	1.84	2.33	Buy	RNAV (15% discount)
09/28/17	OCBC	Wheelock Properties	1.865	2.27	Buy
10/06/17	Lim & Tan	Wheelock Properties	1.905	0	Buy
11/15/17	UOB Kay Hian	Wheelock Properties	1.95	2.33	Buy	RNAV (15% discount)
11/24/17	OCBC	Wheelock Properties	1.91	2.27	Buy
12/01/17	UOB Kay Hian	Wheelock Properties	1.9	2.33	Buy
12/14/17	OCBC	Wheelock Properties	1.89	2.27	Buy
03/01/18	OCBC	Wheelock Properties	1.87	2.34	Buy
05/22/18	Lim & Tan	Wheelock Properties	1.81	0	Buy
06/05/18	UOB Kay Hian	Wheelock Properties	1.74	2.33	Buy
07/16/18	Lim & Tan	Wheelock Properties	1.74	0	Buy
07/19/18	Lim & Tan	Wheelock Properties	1.74	2.1	Reject offer	Offer $2.1
07/19/18	OCBC	Wheelock Properties	1.74	2.34	Reject offer	Offer $2.1
08/14/18	OCBC	Wheelock Properties	2.19	2.34	Reject offer	Offer $2.1