CapitaRetail China - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/27/17	DIR	CapitaRetail China	1.41	1.29	Underperform	DDM
01/27/17	OCBC	CapitaRetail China	1.41	1.56	Buy
01/31/17	DBS Vickers	CapitaRetail China	1.41	1.6	Buy	DCF
01/31/17	Phillip	CapitaRetail China	1.41	1.44	Hold	DDM
02/17/17	JP Morgan	CapitaRetail China	1.42	1.55	Overweight
03/15/17	OCBC	CapitaRetail China	1.415	1.56	Buy
04/18/17	DIR	CapitaRetail China	1.475	1.29	Underperform
04/24/17	OCBC	CapitaRetail China	1.515	1.58	Buy
04/25/17	DBS Vickers	CapitaRetail China	1.495	1.68	Buy	DCF
04/25/17	DIR	CapitaRetail China	1.495	1.31	Underperform	DDM
04/25/17	Phillip	CapitaRetail China	1.495	1.44	Neutral	DDM
07/12/17	OCBC	CapitaRetail China	1.61	1.58	Hold
07/28/17	DIR	CapitaRetail China	1.63	1.21	Underperform	DDM
07/28/17	OCBC	CapitaRetail China	1.63	1.55	Hold
07/28/17	DBS Vickers	CapitaRetail China	1.63	1.7	Buy
07/31/17	Phillip	CapitaRetail China	1.645	1.64	Neutral	DDM
08/17/17	DBS Vickers	CapitaRetail China	1.585	1.7	Buy	DCF
09/15/17	OCBC	CapitaRetail China	1.62	1.59	Hold
10/24/17	OCBC	CapitaRetail China	1.685	1.61	Hold
10/24/17	DBS Vickers	CapitaRetail China	1.685	1.8	Buy	DCF, PB1.07x
10/25/17	Phillip	CapitaRetail China	1.66	1.64	Neutral	DDM
11/30/17	OCBC	CapitaRetail China	1.65	1.63	Hold
12/04/17	Phillip	CapitaRetail China	1.64	1.66	Neutral	DDM
12/13/17	DBS Vickers	CapitaRetail China	1.6	1.75	Buy	DCF
02/01/18	DBS Vickers	CapitaRetail China	1.69	1.8	Buy	DCF
02/01/18	OCBC	CapitaRetail China	1.69	1.66	Hold
02/02/18	Phillip	CapitaRetail China	1.67	1.66	Neutral	DDM, PB1.02x
03/19/18	DBS Vickers	CapitaRetail China	1.58	1.8	Buy
03/28/18	OCBC	CapitaRetail China	1.55	1.66	Buy
04/27/18	OCBC	CapitaRetail China	1.55	1.66	Buy
04/30/18	Phillip	CapitaRetail China	1.55	1.66	Accumulate	DDM
07/03/18	OCBC	CapitaRetail China	1.51	1.64	Buy
07/30/18	OCBC	CapitaRetail China	1.57	1.55	Hold
07/31/18	DBS Vickers	CapitaRetail China	1.57	1.7	Buy	DCF
08/30/18	DBS Vickers	CapitaRetail China	1.45	1.7	Buy

Capitaland mall - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	Capitamall Trust	1.97	2.25	Buy	DCF
01/12/17	HSBC	Capitamall Trust	2.01	2.25	Buy
01/20/17	Lim & Tan	Capitamall Trust	1.97	0	Hold
01/23/17	CIMB	Capitamall Trust	1.985	1.98	Hold	DDM
01/23/17	Credit Suisse	Capitamall Trust	1.985	2.25	Neutral
01/23/17	DBS Vickers	Capitamall Trust	1.985	2.17	Buy	DCF, PB1.17x
01/23/17	DIR	Capitamall Trust	1.985	2.16	Outperform	DDM
01/23/17	DMG & Partners	Capitamall Trust	1.985	2.07	Neutral	DDM
01/23/17	OCBC	Capitamall Trust	1.985	2.2	Buy
01/25/17	OCBC	Capitamall Trust	2.08	2.26	Buy
01/25/17	CIMB	Capitamall Trust	2.08	2.25	Add	DDM
01/25/17	DMG & Partners	Capitamall Trust	2.08	2.1	Neutral	DDM
02/09/17	Credit Suisse	Capitamall Trust	1.97	2.25	Neutral
02/28/17	Deutsche	Capitamall Trust	1.965	2.1	Hold
03/07/17	UOB Kay Hian	Capitamall Trust	1.935	1.95	Hold
03/10/17	DMG & Partners	Capitamall Trust	1.925	2.07	Neutral
03/24/17	DIR	Capitamall Trust	1.945	2.16	Outperform	DDM
03/24/17	Lim & Tan	Capitamall Trust	1.945	0	Buy
04/04/17	DBS Vickers	Capitamall Trust	1.97	2.17	Buy	DCF
04/07/17	DMG & Partners	Capitamall Trust	1.965	2.07	Neutral
04/11/17	UOB Kay Hian	Capitamall Trust	1.975	1.95	Hold
04/18/17	DIR	Capitamall Trust	2	2.16	Outperform	DDM
04/21/17	CIMB	Capitamall Trust	2.01	2.05	Hold	DDM
04/21/17	Credit Suisse	Capitamall Trust	2.01	2.25	Neutral
04/21/17	OCBC	Capitamall Trust	2.01	2.2	Buy
05/25/17	Deutsche	Capitamall Trust	1.985	2.15	Buy
05/25/17	UOB Kay Hian	Capitamall Trust	1.985	2.04	Hold
06/05/17	OCBC	Capitamall Trust	1.955	2.2	Buy
06/06/17	DIR	Capitamall Trust	1.95	2.16	Outperform
06/09/17	Deutsche	Capitamall Trust	1.94	2.15	Buy	RNAV & DDM
06/12/17	Phillip	Capitamall Trust	1.925	2.01	Neutral	DDM
06/16/17	DBS Vickers	Capitamall Trust	1.94	2.17	Buy
06/22/17	Deutsche	Capitamall Trust	1.945	2.15	Buy
07/04/17	DMG & Partners	Capitamall Trust	1.965	2.07	Neutral
07/21/17	Lim & Tan	Capitamall Trust	2	0	Hold
07/24/17	OCBC	Capitamall Trust	2.03	2.2	Buy
07/24/17	DIR	Capitamall Trust	2.03	2.2	Outperform	DDM
07/24/17	Phillip	Capitamall Trust	2.03	2.01	Neutral	DDM, PB1x
07/24/17	UOB Kay Hian	Capitamall Trust	2.03	2.04	Hold	DDM
07/24/17	CIMB	Capitamall Trust	2.03	2.11	Hold	DDM
07/24/17	DBS Vickers	Capitamall Trust	2.03	2.17	Buy
07/24/17	DMG & Partners	Capitamall Trust	2.03	2.08	Neutral
08/04/17	OCBC	Capitamall Trust	2.02	2.2	Buy
08/07/17	DBS Vickers	Capitamall Trust	2.02	2.19	Buy
08/25/17	Credit Suisse	Capitamall Trust	2.13	2.32	Outperform
09/13/17	Credit Suisse	Capitamall Trust	2.11	2.32	Outperform
09/21/17	DMG & Partners	Capitamall Trust	2.05	2.08	Neutral
10/23/17	Phillip	Capitamall Trust	2.04	2.01	Neutral	DDM, PB1x
10/23/17	UOB Kay Hian	Capitamall Trust	2.04	2.04	Hold	DDM
10/23/17	Credit Suisse	Capitamall Trust	2.04	2.3	Outperform
10/23/17	OCBC	Capitamall Trust	2.04	2.2	Buy
10/23/17	CIMB	Capitamall Trust	2.04	2.15	Hold	DDM
10/23/17	DBS Vickers	Capitamall Trust	2.04	2.19	Buy
10/23/17	Lim & Tan	Capitamall Trust	2.04	0	Hold	Buy @ $1.90
10/24/17	DMG & Partners	Capitamall Trust	2.06	2.08	Neutral	DDM
12/01/17	UOB Kay Hian	Capitamall Trust	2.05	2.04	Hold
12/20/17	CIMB	Capitamall Trust	2.15	2.15	Hold
01/02/18	Kim Eng	Capitamall Trust	2.13	2.15	Hold	DDM
01/04/18	Deutsche	Capitamall Trust	2.12	2.3	Buy
01/05/18	DMG & Partners	Capitamall Trust	2.11	2.08	Neutral
01/15/18	OCBC	Capitamall Trust	2.06	2.2	Buy
01/26/18	Phillip	Capitamall Trust	2.1	2.03	Neutral	DDM, PB1.02x
01/26/18	UOB Kay Hian	Capitamall Trust	2.1	2.04	Hold	DDM
01/26/18	DBS Vickers	Capitamall Trust	2.1	2.19	Buy
04/23/18	CIMB	Capitamall Trust	2.1	2.25	Add	DDM
04/23/18	Phillip	Capitamall Trust	2.1	2.05	Neutral	DDM
04/23/18	UOB Kay Hian	Capitamall Trust	2.1	2.13	Hold	DDM, Buy @ $1.81
04/23/18	DBS Vickers	Capitamall Trust	2.1	2.19	Buy
04/23/18	OCBC	Capitamall Trust	2.1	2.26	Buy
04/23/18	DMG & Partners	Capitamall Trust	2.1	2.1	Neutral	DDM
04/23/18	Kim Eng	Capitamall Trust	2.1	2.1	Hold
05/17/18	DMG & Partners	Capitamall Trust	2.08	2.1	Neutral
07/03/18	UOB Kay Hian	Capitamall Trust	2.02	2.13	Hold
07/06/18	DBS Vickers	Capitamall Trust	2.05	2.19	Buy
07/23/18	Phillip	Capitamall Trust	2.16	2.05	Neutral	DDM, PB1.03x FY18
07/23/18	DBS Vickers	Capitamall Trust	2.16	2.3	Buy
07/23/18	UOB Kay Hian	Capitamall Trust	2.16	2.02	Hold	DDM, Buy @ $1.84
07/23/18	Credit Suisse	Capitamall Trust	2.16	2.3	Outperform
07/23/18	OCBC	Capitamall Trust	2.16	2.1	Hold
07/23/18	CIMB	Capitamall Trust	2.16	2.21	Hold	DDM
07/23/18	Deutsche	Capitamall Trust	2.16	2.3	Buy	DDM & RNAV
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
08/29/18	Phillip	Capitamall Trust	2.15	2.05	Neutral	DDM
08/30/18	DBS Vickers	Capitamall Trust	2.17	2.3	Buy
08/31/18	Lim & Tan	Capitamall Trust	2.15	0	Hold
09/11/18	DBS Vickers	Capitamall Trust	2.09	2.45	Buy

Stock calls for 14 September 2018

Date	Analyst	Company	Last	Target	Call	Valuation
09/14/18	OCBC	Capitaland	3.27	4.09	Buy
09/14/18	UOB Kay Hian	City Developments	8.63	12	Buy	RNAV (15% discount)
09/14/18	CIMB	Dairy Farm	9.1	9.55	Hold
09/14/18	DBS Vickers	Keppel Reit	1.16	1.41	Buy
09/14/18	CIMB	MM2 Asia	0.365	0.72	Add
09/14/18	CIMB	Sheng Siong	1.12	1.26	Add
09/14/18	CIMB	Silverlake	0.42	0.56	Add
09/14/18	DBS Vickers	ST Engineering	3.29	4.3	Buy
09/14/18	OCBC	ST Engineering	3.29	3.95	Buy
09/14/18	UOB Kay Hian	Sunningdale	1.35	1.7	Buy
09/14/18	DBS Vickers	Suntec Reit	1.85	2.3	Buy
09/14/18	CIMB	Thai Beverage	0.62	0.88	Add
09/14/18	UOB Kay Hian	Tianjin Zhongxin	0.915	1.59	Buy
09/14/18	OCBC	UOL	6.85	8.48	Buy
09/14/18	Lim & Tan	Venture	15.9	0	Buy on weakness
09/14/18	CIMB	Y Venture	0.275	0.56	Add

Look like the upcoming US-China trade talk will end with no deal again.

https://sg.finance.yahoo.com/news/china-not-surrender-u-demands-trade-talks-state-000707781--business.html

Both China and the USA have come out strongly about compromising in their trade negotiation in the upcoming trade talk.

Therefore, it looks like there won't be any trade deal soon and we're back to square one.

Trump is losing domestic support so fast that he cannot act tough towards China.

https://sg.finance.yahoo.com/news/u-invites-china-trade-talks-tariffs-loom-white-000038068--finance.html

The USA has invited China for another round of trade talk to de-escalate the trade tension created by the US in the first place.

Investors are pinning hopes on this round of trade talk and stock markets are up over this US trade invitation.

As long as the US doesn't understand that it cannot cower China into submission, no trade deal will come out of this upcoming trade talk.  Hopefully, the badly affected businessmen are able to persuade the USA to back down.

https://sg.finance.yahoo.com/news/us-companies-china-tariffs-hurting-014500585.html

Capitaland - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	UOB Kay Hian	Capitaland	3.02	4.05	Buy
01/09/17	DBS Vickers	Capitaland	3.09	3.6	Buy	RNAV (25% discount)
01/10/17	Lim & Tan	Capitaland	3.09	0	Buy
01/11/17	Credit Suisse	Capitaland	3.14	3.5	Neutral
01/11/17	Kim Eng	Capitaland	3.14	3.46	Buy
01/12/17	CIMB	Capitaland	3.15	4.17	Add
01/17/17	DMG & Partners	Capitaland	3.15	3.15	Neutral
01/17/17	Lim & Tan	Capitaland	3.15	0	Buy
01/18/17	CIMB	Capitaland	3.14	4.15	Add	RNAV (20% discount)
01/19/17	OCBC	Capitaland	3.12	3.68	Buy
02/02/17	Macquarie	Capitaland	3.37	4.22	Outperform	RNAV (20% discount)
02/15/17	Lim & Tan	Capitaland	3.46	0	Buy
02/15/17	OCBC	Capitaland	3.46	3.68	Buy
02/16/17	CIMB	Capitaland	3.49	4.19	Add	RNAV (20% discount)
02/16/17	Credit Suisse	Capitaland	3.49	3.8	Neutral
02/16/17	DIR	Capitaland	3.49	3.82	Outperform	RNAV (20% discount)
02/16/17	Macquarie	Capitaland	3.49	4.32	Outperform
02/16/17	UOB Kay Hian	Capitaland	3.49	4.05	Buy	RNAV (20% discount)
02/17/17	DBS Vickers	Capitaland	3.45	3.85	Buy	RNAV (20% discount)
02/27/17	Kim Eng	Capitaland	3.63	3.66	Hold
03/01/17	DMG & Partners	Capitaland	3.64	3.6	Hold	RNAV (25% discount)
03/02/17	UOB Kay Hian	Capitaland	3.6	4.05	Buy
03/03/17	DIR	Capitaland	3.65	3.82	Outperform	RNAV (20% discount)
03/13/17	CIMB	Capitaland	3.7	4.19	Add
03/13/17	Kim Eng	Capitaland	3.7	3.66	Hold
03/13/17	UOB Kay Hian	Capitaland	3.7	4.3	Buy
03/14/17	UBS	Capitaland	3.69	3.65	Buy
03/16/17	Kim Eng	Capitaland	3.65	3.7	Hold
03/27/17	DMG & Partners	Capitaland	3.69	3.84	Neutral	RNAV (20% discount)
03/28/17	Lim & Tan	Capitaland	3.64	4.15	Buy
03/29/17	OCBC	Capitaland	3.66	3.68	Buy
03/30/17	OCBC	Capitaland	3.68	3.93	Buy
04/04/17	Lim & Tan	Capitaland	3.67	0	Buy
04/18/17	CIMB	Capitaland	3.64	4.19	Add	RNAV (20% discount)
04/27/17	Credit Suisse	Capitaland	3.72	3.8	Neutral
04/27/17	DBS Vickers	Capitaland	3.72	4.33	Buy	RNAV (10% discount)
04/27/17	DIR	Capitaland	3.72	3.9	Outperform	RNAV (20% discount)
04/27/17	DMG & Partners	Capitaland	3.72	3.84	Neutral	RNAV (20% discount)
04/27/17	Macquarie	Capitaland	3.72	4.32	Outperform
04/27/17	Phillip	Capitaland	3.72	4.19	Accumulate	RNAV
04/27/17	UOB Kay Hian	Capitaland	3.72	4.3	Buy	RNAV (15% discount)
05/17/17	DBS Vickers	Capitaland	3.5	4.33	Buy
05/17/17	Deutsche	Capitaland	3.5	4.5	Buy
05/17/17	UOB Kay Hian	Capitaland	3.5	4.3	Buy
05/23/17	DIR	Capitaland	3.51	3.9	Outperform	Sum of parts (20% discount)
05/29/17	Kim Eng	Capitaland	3.52	3.75	Hold	RNAV (29% discount)
06/02/17	DIR	Capitaland	3.58	3.93	Outperform	Sum of parts (20% discount)
06/02/17	Lim & Tan	Capitaland	3.58	0	Buy
06/05/17	DBS Vickers	Capitaland	3.62	4.33	Buy	RNAV (10% discount)
06/05/17	OCBC	Capitaland	3.62	4.07	Buy
06/07/17	DMG & Partners	Capitaland	3.59	3.84	Neutral	RNAV (20% discount)
06/09/17	Deutsche	Capitaland	3.62	4.5	Buy	Sum of parts
06/14/17	DBS Vickers	Capitaland	3.62	4.07	Buy
06/16/17	CIMB	Capitaland	3.55	4.19	Add
06/16/17	Kim Eng	Capitaland	3.55	3.75	Hold
06/16/17	Lim & Tan	Capitaland	3.55	0	Buy
07/03/17	Lim & Tan	Capitaland	3.5	0	Buy
07/04/17	CIMB	Capitaland	3.5	4.19	Add	RNAV (20% discount)
07/06/17	Kim Eng	Capitaland	3.54	3.75	Hold	RNAV (29% discount)
07/07/17	Macquarie	Capitaland	3.5	4.18	Outperform
07/07/17	DBS Vickers	Capitaland	3.5	4.33	Buy	RNAV (10% discount)
07/07/17	OCBC	Capitaland	3.5	4.07	Buy
08/01/17	DBS Vickers	Capitaland	3.69	4.33	Buy	RNAV (10% discount)
08/03/17	Kim Eng	Capitaland	3.76	3.75	Hold
08/04/17	Macquarie	Capitaland	3.74	4.18	Outperform
08/04/17	UOB Kay Hian	Capitaland	3.74	4.3	Buy	RNAV (15% discount)
08/04/17	Phillip	Capitaland	3.74	4.19	Accumulate	RNAV (20% discount)
08/04/17	Credit Suisse	Capitaland	3.74	3.9	Neutral	RNAV (20% discount)
08/04/17	DMG & Partners	Capitaland	3.74	3.9	Neutral	RNAV (20% discount)
08/04/17	Kim Eng	Capitaland	3.74	3.75	Hold	RNAV (29% discount)
08/04/17	CIMB	Capitaland	3.74	4.21	Add	RNAV (20% discount)
08/04/17	DBS Vickers	Capitaland	3.74	4.35	Buy	RNAV (10% discount)
08/04/17	Deutsche	Capitaland	3.74	4.6	Buy
08/23/17	Lim & Tan	Capitaland	3.73	0	Buy
09/05/17	CIMB	Capitaland	3.72	4.21	Add
09/07/17	Lim & Tan	Capitaland	3.7	0	Buy
09/08/17	OCBC	Capitaland	3.71	4.13	Buy
09/12/17	DBS Vickers	Capitaland	3.7	4.35	Buy
09/18/17	UOB Kay Hian	Capitaland	3.64	4.3	Buy
09/25/17	Kim Eng	Capitaland	3.61	3.75	Hold
09/29/17	DIR	Capitaland	3.55	3.94	Outperform
10/03/17	CIMB	Capitaland	3.64	4.21	Add
10/06/17	Lim & Tan	Capitaland	3.7	0	Buy
10/20/17	Deutsche	Capitaland	3.72	4.6	Buy
11/08/17	OCBC	Capitaland	3.72	4.13	Buy
11/08/17	Kim Eng	Capitaland	3.72	3.75	Hold	RNAV (30% discount)
11/09/17	CIMB	Capitaland	3.64	4.25	Add
11/09/17	UOB Kay Hian	Capitaland	3.64	4.3	Buy	RNAV (15% discount)
11/09/17	Credit Suisse	Capitaland	3.64	3.9	Neutral
11/09/17	DMG & Partners	Capitaland	3.64	3.9	Neutral	RNAV (20% discount)
11/09/17	CIMB	Capitaland	3.64	4.25	Add	RNAV (20% discount)
11/09/17	DBS Vickers	Capitaland	3.64	4.35	Buy	RNAV (10% discount)
11/13/17	Phillip	Capitaland	3.58	4.19	Accumulate	RNAV (20% discount)
11/17/17	Lim & Tan	Capitaland	3.53	0	Buy
11/27/17	Macquarie	Capitaland	3.57	4.5	Outperform
12/01/17	UOB Kay Hian	Capitaland	3.53	5.06	Buy
12/08/17	Lim & Tan	Capitaland	3.44	0	Buy
12/14/17	CIMB	Capitaland	3.51	4.25	Add	RNAV (20% discount)
12/14/17	OCBC	Capitaland	3.51	4.13	Buy
12/18/17	Kim Eng	Capitaland	3.5	3.75	Hold
12/20/17	DBS Vickers	Capitaland	3.51	4.35	Buy
01/03/18	Deutsche	Capitaland	3.55	4.6	Buy
01/04/18	Deutsche	Capitaland	3.61	4.3	Buy
01/05/18	OCBC	Capitaland	3.66	4.13	Buy
01/05/18	Lim & Tan	Capitaland	3.66	0	Buy
01/08/18	DBS Vickers	Capitaland	3.65	4.35	Buy	RNAV (10% discount)
01/08/18	CIMB	Capitaland	3.65	4.25	Add	RNAV (20% discount)
01/08/18	UOB Kay Hian	Capitaland	3.65	4.3	Buy	RNAV (15% discount)
01/08/18	DMG & Partners	Capitaland	3.65	4.2	Buy	RNAV (15% discount)
01/17/18	Macquarie	Capitaland	3.8	4.5	Outperform	RNAV (20% discount)
02/13/18	Lim & Tan	Capitaland	3.47	0	Buy
02/14/18	OCBC	Capitaland	3.52	4.26	Buy
02/14/18	UOB Kay Hian	Capitaland	3.52	4.3	Buy	RNAV (15% discount)
02/14/18	Kim Eng	Capitaland	3.52	4.1	Buy	RNAV (25% discount)
02/14/18	CIMB	Capitaland	3.52	4.34	Add	RNAV (20% discount)
02/14/18	DMG & Partners	Capitaland	3.52	4.2	Buy	RNAV (15% discount)
02/15/18	Credit Suisse	Capitaland	3.53	3.9	Neutral
02/15/18	DBS Vickers	Capitaland	3.53	4.35	Buy	RNAV (10% discount)
02/19/18	Phillip	Capitaland	3.57	4.19	Accumulate	RNAV (20% discount)
02/20/18	DMG & Partners	Capitaland	3.63	4.2	Buy
03/05/18	UOB Kay Hian	Capitaland	3.59	4.3	Buy
03/12/18	OCBC	Capitaland	3.6	4.26	Buy
03/20/18	Kim Eng	Capitaland	3.67	4.1	Buy
03/21/18	DIR	Capitaland	3.68	4.1	Outperform	RNAV (20% discount), Up from $4
04/03/18	OCBC	Capitaland	3.62	4.26	Buy
04/03/18	DBS Vickers	Capitaland	3.62	4.35	Buy
04/10/18	DMG & Partners	Capitaland	3.61	4.2	Buy	RNAV (15% discount)
04/10/18	Lim & Tan	Capitaland	3.61	0	Buy
04/11/18	Kim Eng	Capitaland	3.63	4.1	Buy
05/02/18	DBS Vickers	Capitaland	3.76	4.35	Buy
05/02/18	OCBC	Capitaland	3.76	4.26	Buy	RNAV
05/02/18	DMG & Partners	Capitaland	3.76	4.2	Buy	RNAV (15% discount)
05/02/18	UOB Kay Hian	Capitaland	3.76	4.3	Buy	RNAV (15% discount)
05/02/18	DIR	Capitaland	3.76	4.1	Outperform	RNAV (20% discount)
05/02/18	CIMB	Capitaland	3.76	4.37	Add	RNAV (20% discount)
05/02/18	Kim Eng	Capitaland	3.76	4.1	Buy
05/03/18	Phillip	Capitaland	3.76	4.19	Accumulate	RNAV (20% discount)
06/06/18	UOB Kay Hian	Capitaland	3.54	4.3	Buy
06/11/18	Lim & Tan	Capitaland	3.5	0	Buy
06/20/18	Kim Eng	Capitaland	3.31	4.1	Buy
06/26/18	OCBC	Capitaland	3.18	4.26	Buy
06/26/18	CIMB	Capitaland	3.18	3.55	Add
06/28/18	DBS Vickers	Capitaland	3.13	4.35	Buy
06/28/18	DMG & Partners	Capitaland	3.13	4.25	Buy	RNAV (15% discount)
07/03/18	UOB Kay Hian	Capitaland	3.14	4.3	Buy
07/06/18	Kim Eng	Capitaland	3.18	4.1	Buy
07/09/18	Phillip	Capitaland	2.99	4.19	Accumulate
07/09/18	DBS Vickers	Capitaland	2.99	3.62	Buy	RNAV (25% discount)
07/09/18	Kim Eng	Capitaland	2.99	3.8	Buy
07/23/18	DMG & Partners	Capitaland	3.19	3.95	Buy	RNAV (20% discount)
08/08/18	Macquarie	Capitaland	3.26	4.32	Outperform
08/10/18	Kim Eng	Capitaland	3.3	3.8	Buy
08/10/18	UOB Kay Hian	Capitaland	3.3	3.78	Buy	RNAV (20% discount)
08/10/18	CIMB	Capitaland	3.3	3.55	Add	RNAV (35% discount)
08/10/18	OCBC	Capitaland	3.3	4.09	Buy
08/13/18	DBS Vickers	Capitaland	3.31	3.62	Buy	RNAV (25% discount)
08/16/18	DMG & Partners	Capitaland	3.31	3.95	Buy
08/17/18	Lim & Tan	Capitaland	3.32	0	Buy
08/23/18	DMG & Partners	Capitaland	3.34	4	Buy	RNAV (20% discount)
09/04/18	Lim & Tan	Capitaland	3.42	0	Buy
09/06/18	Kim Eng	Capitaland	3.35	3.8	Buy
09/11/18	DMG & Partners	Capitaland	3.29	4	Buy
09/13/18	Macquarie	Capitaland	3.26	4.32	Outperform

Capital World - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/17	NRA	Capital World	0.131	0.255	Overweight

Capitacommercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	CapitaCommercial	1.48	1.68	Buy	DDM
01/03/17	UOB Kay Hian	CapitaCommercial	1.48	1.78	Buy
01/09/17	DBS Vickers	CapitaCommercial	1.535	1.7	Buy	DCF
01/11/17	Deutsche	CapitaCommercial	1.56	1.6	Hold
01/11/17	Kim Eng	CapitaCommercial	1.56	1.81	Buy
01/18/17	DIR	CapitaCommercial	1.565	1.37	Underperform
01/18/17	Lim & Tan	CapitaCommercial	1.565	0	Buy
01/18/17	OCBC	CapitaCommercial	1.565	1.53	Hold
01/18/17	Religare	CapitaCommercial	1.565	1.46	Hold
01/19/17	Credit Suisse	CapitaCommercial	1.565	1.51	Underperform
01/19/17	DBS Vickers	CapitaCommercial	1.565	1.69	Buy	DCF
01/19/17	DIR	CapitaCommercial	1.565	1.35	Underperform	DDM
01/19/17	UOB Kay Hian	CapitaCommercial	1.565	1.75	Buy	DDM
01/24/17	Phillip	CapitaCommercial	1.565	1.63	Neutral	DDM
02/09/17	Credit Suisse	CapitaCommercial	1.54	1.51	Neutral
02/17/17	JP Morgan	CapitaCommercial	1.535	1.65	Overweight
02/28/17	Deutsche	CapitaCommercial	1.545	1.6	Hold
03/02/17	UOB Kay Hian	CapitaCommercial	1.55	1.75	Buy
03/08/17	DBS Vickers	CapitaCommercial	1.525	1.69	Buy	DCF
03/10/17	DMG & Partners	CapitaCommercial	1.525	1.68	Buy
03/24/17	Kim Eng	CapitaCommercial	1.53	1.81	Buy	Target yield 5%
04/07/17	DMG & Partners	CapitaCommercial	1.56	1.68	Buy
04/11/17	UOB Kay Hian	CapitaCommercial	1.57	1.75	Buy
04/18/17	DIR	CapitaCommercial	1.61	1.35	Underperform
04/18/17	Kim Eng	CapitaCommercial	1.61	1.81	Buy
04/19/17	OCBC	CapitaCommercial	1.62	1.53	Hold
04/19/17	Religare	CapitaCommercial	1.62	1.5	Hold
04/20/17	CIMB	CapitaCommercial	1.63	1.55	Hold	DDM
04/20/17	Credit Suisse	CapitaCommercial	1.63	1.51	Neutral
04/20/17	DIR	CapitaCommercial	1.63	1.38	Underperform	DDM
04/20/17	DMG & Partners	CapitaCommercial	1.63	1.68	Take Profit	DDM
04/20/17	Lim & Tan	CapitaCommercial	1.63	0	Hold
04/20/17	Phillip	CapitaCommercial	1.63	1.63	Neutral	DDM
05/02/17	DBS Vickers	CapitaCommercial	1.625	1.69	Buy
05/03/17	CIMB	CapitaCommercial	1.63	1.55	Hold	DDM
05/03/17	Kim Eng	CapitaCommercial	1.63	1.81	Buy	Target yield 5%
05/03/17	Phillip	CapitaCommercial	1.63	1.63	Neutral	DDM
05/03/17	UOB Kay Hian	CapitaCommercial	1.63	1.75	Buy
05/25/17	Deutsche	CapitaCommercial	1.68	1.7	Hold
05/25/17	UOB Kay Hian	CapitaCommercial	1.68	1.94	Buy
06/13/17	OCBC	CapitaCommercial	1.645	1.69	Hold
06/22/17	Deutsche	CapitaCommercial	1.64	1.7	Hold
06/23/17	UOB Kay Hian	CapitaCommercial	1.65	1.9	Buy	DDM
07/04/17	DBS Vickers	CapitaCommercial	1.665	1.69	Buy
07/04/17	Lim & Tan	CapitaCommercial	1.665	0	Hold
07/04/17	UOB Kay Hian	CapitaCommercial	1.665	1.9	Buy	DDM
07/05/17	DIR	CapitaCommercial	1.675	1.36	Sell	DDM
07/05/17	DMG & Partners	CapitaCommercial	1.675	1.68	Take Profit	DDM
07/11/17	Kim Eng	CapitaCommercial	1.71	1.81	Buy
07/14/17	CIMB	CapitaCommercial	1.67	1.68	Hold	DDM
07/19/17	OCBC	CapitaCommercial	1.69	1.69	Hold
07/20/17	DMG & Partners	CapitaCommercial	1.725	1.69	Take Profit	DDM
07/20/17	DIR	CapitaCommercial	1.725	1.42	Sell	DDM
07/20/17	Phillip	CapitaCommercial	1.725	1.8	Accumulate	DDM
07/20/17	Credit Suisse	CapitaCommercial	1.725	1.54	Neutral
07/20/17	DBS Vickers	CapitaCommercial	1.725	1.85	Buy	DCF
07/25/17	UOB Kay Hian	CapitaCommercial	1.755	1.9	Buy
07/31/17	UOB Kay Hian	CapitaCommercial	1.73	1.75	Buy
08/01/17	DBS Vickers	CapitaCommercial	1.72	1.85	Buy	DCF
08/17/17	UOB Kay Hian	CapitaCommercial	1.715	1.9	Buy
09/21/17	DMG & Partners	CapitaCommercial	1.71	1.68	Take Profit
09/21/17	Deutsche	CapitaCommercial	1.71	1.75	Hold
09/22/17	Kim Eng	CapitaCommercial	1.695	1.81	Buy	Target yield 5%
09/22/17	DIR	CapitaCommercial	1.695	1.39	Sell	DDM, Ex-rights 166-for-1000 at 1.363
09/22/17	UOB Kay Hian	CapitaCommercial	1.695	1.9	Buy
09/22/17	Lim & Tan	CapitaCommercial	1.695	0	Buy on weakness
09/22/17	Phillip	CapitaCommercial	1.695	1.8	Accumulate	DDM, PB1x
09/26/17	OCBC	CapitaCommercial	1.7	1.65	Hold
10/09/17	Phillip	CapitaCommercial	1.64	1.8	Accumulate	DDM, PB1x
10/20/17	Kim Eng	CapitaCommercial	1.66	1.77	Buy	Target yield 5%
10/23/17	UOB Kay Hian	CapitaCommercial	1.66	1.9	Buy	DDM
10/23/17	Credit Suisse	CapitaCommercial	1.66	1.49	Neutral
10/23/17	DMG & Partners	CapitaCommercial	1.66	1.6	Take Profit	DDM
10/23/17	OCBC	CapitaCommercial	1.66	1.66	Hold	DDM
10/23/17	CIMB	CapitaCommercial	1.66	1.68	Hold	DDM
10/23/17	DBS Vickers	CapitaCommercial	1.66	1.8	Buy	DCF
11/09/17	UOB Kay Hian	CapitaCommercial	1.81	1.9	Buy
12/01/17	UOB Kay Hian	CapitaCommercial	1.89	2.09	Buy
12/18/17	Kim Eng	CapitaCommercial	1.87	1.8	Hold	Target yield 5%
12/20/17	CIMB	CapitaCommercial	1.93	1.68	Hold
01/04/18	Deutsche	CapitaCommercial	1.99	1.85	Hold
01/05/18	DMG & Partners	CapitaCommercial	2.03	1.6	Take Profit
01/19/18	UOB Kay Hian	CapitaCommercial	1.92	2.09	Buy
01/25/18	Lim & Tan	CapitaCommercial	1.91	0	Hold
01/26/18	Kim Eng	CapitaCommercial	1.9	1.8	Hold
01/26/18	DMG & Partners	CapitaCommercial	1.9	1.63	Sell	DDM
01/26/18	OCBC	CapitaCommercial	1.9	1.84	Hold
01/26/18	DBS Vickers	CapitaCommercial	1.9	2.1	Buy	DCF
01/26/18	CIMB	CapitaCommercial	1.9	1.84	Hold
01/29/18	Phillip	CapitaCommercial	1.92	1.8	Neutral	DDM
02/13/18	UOB Kay Hian	CapitaCommercial	1.72	2.09	Buy
02/14/18	Deutsche	CapitaCommercial	1.74	1.9	Buy
02/20/18	DBS Vickers	CapitaCommercial	1.78	2.1	Buy
03/05/18	UOB Kay Hian	CapitaCommercial	1.72	2.09	Buy
03/06/18	UOB Kay Hian	CapitaCommercial	1.7	1.91	Buy
03/14/18	Lim & Tan	CapitaCommercial	1.77	0	Buy
04/13/18	DBS Vickers	CapitaCommercial	1.83	2.1	Buy	DCF
04/24/18	UOB Kay Hian	CapitaCommercial	1.82	2.09	Buy	DDM
04/24/18	OCBC	CapitaCommercial	1.82	1.84	Hold
04/24/18	Lim & Tan	CapitaCommercial	1.82	0	Buy
04/25/18	Phillip	CapitaCommercial	1.8	1.88	Accumulate	DDM
04/25/18	DMG & Partners	CapitaCommercial	1.8	1.63	Sell	DDM
04/25/18	CIMB	CapitaCommercial	1.8	1.93	Hold	DDM
05/02/18	UOB Kay Hian	CapitaCommercial	1.82	2.09	Buy	DDM
05/08/18	DBS Vickers	CapitaCommercial	1.79	2.1	Buy
05/17/18	DMG & Partners	CapitaCommercial	1.72	1.63	Sell
05/17/18	OCBC	CapitaCommercial	1.72	1.84	Hold
05/18/18	DMG & Partners	CapitaCommercial	1.72	1.65	Neutral	DDM
05/18/18	CIMB	CapitaCommercial	1.72	1.94	Add	DDM
06/04/18	UOB Kay Hian	CapitaCommercial	1.69	2.09	Buy
06/12/18	DBS Vickers	CapitaCommercial	1.7	2.1	Buy
06/22/18	UOB Kay Hian	CapitaCommercial	1.64	2.11	Buy	DDM
06/26/18	DBS Vickers	CapitaCommercial	1.64	2.12	Buy	DCF
06/26/18	Lim & Tan	CapitaCommercial	1.64	0	Buy
07/02/18	Phillip	CapitaCommercial	1.66	1.88	Accumulate	DDM, PB0.97x
07/02/18	CIMB	CapitaCommercial	1.66	1.9	Add	DDM
07/02/18	OCBC	CapitaCommercial	1.66	1.84	Hold
07/02/18	DBS Vickers	CapitaCommercial	1.66	2.12	Buy	DCF
07/03/18	UOB Kay Hian	CapitaCommercial	1.63	2.11	Buy
07/13/18	Lim & Tan	CapitaCommercial	1.75	0	Buy
07/20/18	CIMB	CapitaCommercial	1.75	1.9	Add
07/20/18	UOB Kay Hian	CapitaCommercial	1.75	1.99	Buy	DDM
08/02/18	DBS Vickers	CapitaCommercial	1.74	2.12	Buy
08/17/18	UOB Kay Hian	CapitaCommercial	1.74	1.99	Buy
09/13/18	OCBC	CapitaCommercial	1.74	1.69	Hold
09/13/18	DBS Vickers	CapitaCommercial	1.74	2.12	Buy
09/13/18	UOB Kay Hian	CapitaCommercial	1.74	1.99	Buy	DDM