Stock calls for 19 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/19/18	DBS Vickers	APAC Realty	1.02	1.12	Buy
02/19/18	Phillip	Capitaland	3.57	4.19	Accumulate	RNAV (20% discount)
02/19/18	phillip	Chip Eng Seng	0.955	1.21	Buy	RNAV (40% discount)
02/19/18	DBS Vickers	City Developments	12.72	14.03	Buy
02/19/18	DMG & Partners	Dairy Farm	8.38	9.53	Buy	DCF
02/19/18	OCBC	Far East Hospitality	0.715	0.75	Buy
02/19/18	UOB Kay Hian	Jumbo	0.575	0.59	Hold	DCF, Buy @ $0.53
02/19/18	DBS Vickers	Roxy-Pacific	0.56	0.69	Buy	RNAV (30% discount)
02/19/18	Lim & Tan	Sembcorp Industries	3.22	0	Buy
02/19/18	Jefferies	SGX	7.37	8	Buy
02/19/18	DMG & Partners	Sheng Siong	0.915	0.99	Neutral	Up from $0.93
02/19/18	DBS Vickers	Thai Beverage	0.85	1.02	Buy	Sum of parts
02/19/18	DBS Vickers	UOL	8.34	10.15	Buy