Stock calls for 15 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/15/18	DBS Vickers	Ascendas India Trust	1.05	1.22	Buy
05/15/18	DBS Vickers	Best World	1.45	1.29	Fully Valued	PER15x FY18/19
05/15/18	phillip	City Developments	12.4	13.4	Accumulate	RNAV (15% discount), PB1.29x FY18
05/15/18	Lim & Tan	City Developments	12.4	15	Buy
05/15/18	UOB Kay Hian	Cityneon	1.06	1.55	Buy	PER15.4x FY18
05/15/18	CIMB	Cityneon	1.06	1.16	Hold	PER11x FY19
05/15/18	Kim Eng	Comfortdelgro	2.34	2.65	Buy
05/15/18	DBS Vickers	Ezion	0.115	0.29	Buy	PB1.4x FY18
05/15/18	CIMB	First Resources	1.61	2.03	Add	PER15x CY19
05/15/18	DMG & Partners	First Resources	1.61	1.75	Neutral	PER12x FY18
05/15/18	UOB Kay Hian	ISDN	0.21	0.365	Buy
05/15/18	DBS Vickers	Jumbo	0.56	0.58	Hold	PER23x FY18/19
05/15/18	Amfrasers	Mindchamps	0.78	0.86	Buy	PER23.2x FY18
05/15/18	OCBC	Netlink	0.815	0.91	Buy
05/15/18	OCBC	Roxy-Pacific	0.515	0.6	Buy
05/15/18	CIMB	Sarine	1.03	1.53	Add	PER17.2x CY19
05/15/18	phillip	Singapore O&G	0.38	0.42	Accumulate	PB1.82x FY18, PER23.2x
05/15/18	DBS Vickers	Singapore Post	1.37	1.55	Buy	DCF
05/15/18	CIMB	UMS	1.07	1.21	Add	PB2.81x
05/15/18	DBS Vickers	UOL	8.61	10.23	Buy