Stock calls for 17 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/17/18	DMG & Partners	A-Reit	2.64	2.95	Buy
05/17/18	Phillip	APTV	0.465	0.52	Buy
05/17/18	phillip	Banyan Tree	0.575	0.73	Accumulate	Sum of parts, PB0.94x FY18
05/17/18	DMG & Partners	Cache Logistics	0.795	0.98	Buy
05/17/18	DMG & Partners	CapitaCommercial	1.72	1.63	Sell
05/17/18	OCBC	CapitaCommercial	1.72	1.84	Hold
05/17/18	DMG & Partners	Capitamall Trust	2.08	2.1	Neutral
05/17/18	DBS Vickers	Chip Eng Seng	0.945	1.18	Buy
05/17/18	DBS Vickers	City Developments	11.97	15.4	Buy
05/17/18	phillip	CNMC	0.275	0.42	Buy	DCF
05/17/18	DMG & Partners	Frasers Centrepoint Trust	2.16	2.24	Neutral
05/17/18	DMG & Partners	Frasers Commercial Trust	1.36	1.49	Neutral
05/17/18	DMG & Partners	ISOTeam	0.35	0.42	Buy
05/17/18	DMG & Partners	Keppel Reit	1.18	1.06	Sell
05/17/18	phillip	SIA Engineering	3.31	3.57	Accumulate	DCF
05/17/18	DBS Vickers	SIA Engineering	3.31	3.92	Buy	Sum of parts
05/17/18	UOB Kay Hian	SIA Engineering	3.31	3.8	Buy	PER19.6x ex-cash
05/17/18	OCBC	SIA Engineering	3.31	3.7	Buy
05/17/18	Lim & Tan	Singtel	3.42	0	Buy
05/17/18	DMG & Partners	Starhill	0.685	0.81	Neutral
05/17/18	DMG & Partners	Suntec Reit	1.83	1.75	Neutral
05/17/18	Phillip	Thai Beverage	0.795	1.05	Buy	Sum of parts
05/17/18	CIMB	Thai Beverage	0.795	0.98	Add	Sum of parts
05/17/18	OCBC	Thai Beverage	0.795	0.95	Buy
05/17/18	OCBC	Viva Industrial	0.89	0.9	Hold