Stock calls for 29 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/29/23	DMG & Partners	A-Reit	2.82	3.25	Buy
03/29/23	DMG & Partners	AIMS AMP Cap Ind Reit	1.3	1.5	Buy
03/29/23	Lim & Tan	City Developments	7.33	9.27	Accumulate
03/29/23	CIMB	Lendlease Reit	0.68	0.9	Add	DDM
03/29/23	Lim & Tan	Propnex	1.91	2.13	Buy
03/29/23	DBS Vickers	ST Engineering	3.62	4.2	Buy
03/29/23	DMG & Partners	Thai Beverage	0.645	0.91	Buy

Elite Commercial Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/22	CIMB	Elite ComReit	0.675	0.76	Add	DDM
02/22/22	DBS Vickers	Elite ComReit	0.675	0.8	Buy
03/01/22	CIMB	Elite ComReit	0.615	0.76	Add	DDM
03/03/22	DBS Vickers	Elite ComReit	0.645	0.8	Buy
05/05/22	CIMB	Elite ComReit	0.66	0.76	Add	DDM
05/09/22	DBS Vickers	Elite ComReit	0.655	0.75	Buy	DCF
05/19/22	UOB Kay Hian	Elite ComReit	0.64	0.87	Buy	DDM
06/03/22	UOB Kay Hian	Elite ComReit	0.66	0.83	Buy
08/08/22	UOB Kay Hian	Elite ComReit	0.61	0.79	Buy	DDM
08/15/22	CIMB	Elite ComReit	0.61	0.76	Add
08/16/22	DBS Vickers	Elite ComReit	0.605	0.7	Buy	DCF
11/08/22	DBS Vickers	Elite ComReit	0.49	0.53	Hold	DCF
11/09/22	CIMB	Elite ComReit	0.49	0.59	Add
02/14/23	DBS Vickers	Elite ComReit	0.525	0.53	Hold	DCF

Econ Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/22	DBS Vickers	Econ Healthcare	0.29	0.28	Hold	DCF
06/03/22	DBS Vickers	Econ Healthcare	0.255	0.26	Hold	PER16.5x FY23
11/11/22	DBS Vickers	Econ Healthcare	0.2	0.22	Hold	PER15.5x FY23/24

EC World Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/24/22	DBS Vickers	EC World Reit	0.755	0.85	Buy	DCF
02/24/22	DMG & Partners	EC World Reit	0.755	0.76	Neutral	DDM
04/11/22	DBS Vickers	EC World Reit	0.655	0.85	Buy	DCF
05/17/22	DBS Vickers	EC World Reit	0.615	0.7	Buy	DCF
05/17/22	DMG & Partners	EC World Reit	0.615	0.65	Neutral	DDM
06/28/22	DMG & Partners	EC World Reit	0.55	0.55	Neutral
07/12/22	DBS Vickers	EC World Reit	0.48	0.7	Buy
08/15/22	DBS Vickers	EC World Reit	0.55	0.7	Buy
10/04/22	DBS Vickers	EC World Reit	0.525	0.7	Buy
10/10/22	DMG & Partners	EC World Reit	0.52	0.55	Neutral	DDM
11/10/22	DBS Vickers	EC World Reit	0.44	0.55	Buy
11/21/22	DBS Vickers	EC World Reit	0.485	0.4	Fully Valued

Stock calls for 28 March 2023

Date	Analyst	Company	Last	Target	Call	Valuation
03/28/23	Lim & Tan	Choo Chiang	0.3	0.48	Buy
03/28/23	UOB Kay Hian	Raffles Medical	1.43	1.9	Buy	PER26x FY23
03/28/23	DBS Vickers	Sembcorp Marine	0.105	0.14	Buy	PB1.2x FY23
03/28/23	DMG & Partners	ST Engineering	3.63	4.1	Buy	Sum of parts