Stock calls for 2 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/02/18	DBS Vickers	CapitaCommercial	1.74	2.12	Buy
08/02/18	UOB Kay Hian	China Aviation Oil	1.53	2.05	Buy	PER13.5x FY18
08/02/18	CIMB	China Aviation Oil	1.53	2.03	Add	PER12.5x FY19
08/02/18	DMG & Partners	China Aviation Oil	1.53	1.8	Buy
08/02/18	Macquarie	DBS	26.94	29.5	Neutral
08/02/18	DMG & Partners	DBS	26.94	30.3	Buy	ROE
08/02/18	Lim & Tan	DBS	26.94	0	Buy
08/02/18	UOB Kay Hian	First Resources	1.62	1.6	Hold	PER13x FY18, Buy @ $1.40
08/02/18	DBS Vickers	Frasers Commercial Trust	1.42	1.65	Buy
08/02/18	DBS Vickers	Hi-P	1.27	1.21	Hold	PER11.2x FY18/19
08/02/18	DBS Vickers	Keppel Reit	1.19	1.41	Buy
08/02/18	DBS Vickers	OUE Commercial	0.695	0.73	Hold
08/02/18	DBS Vickers	Roxy-Pacific	0.44	0.4	Fully Valued	RNAV (55% discount)
08/02/18	phillip	Sheng Siong	1.09	1.13	Accumulate	PER23x FY18
08/02/18	OCBC	Sheng Siong	1.09	1.25	Buy
08/02/18	DBS Vickers	Suntec Reit	1.87	2.3	Buy
08/02/18	DMG & Partners	Wilmar	3.15	3.51	Buy	Sum of parts
08/02/18	CIMB	Y Venture	0.5	0.62	Add	PER30x FY19
08/02/18	DBS Vickers	Y Venture	0.5	0.77	Buy	EV/Ebitda20x FY19