Stock calls for 12 November 2018

Date	Analyst	Company	Last	Target	Call	Valuation
11/12/18	DMG & Partners	Best World	1.85	2.13	Buy	PER13x FY19
11/12/18	CIMB	Best World	1.85	1.9	Hold	PER12.5x CY20
11/12/18	DMG & Partners	Bumitama	0.62	0.8	Buy
11/12/18	OCBC	City Developments	8.45	10.73	Buy
11/12/18	phillip	Comfortdelgro	2.18	2.69	Buy	DCF, PER19.2x FY18
11/12/18	DBS Vickers	Comfortdelgro	2.18	2.56	Buy	PER16x FY19
11/12/18	DMG & Partners	Comfortdelgro	2.18	2.35	Neutral	PER15x FY19
11/12/18	OCBC	Comfortdelgro	2.18	2.29	Hold
11/12/18	CIMB	Comfortdelgro	2.18	2.74	Add	DCF, PER17.7x FY19
11/12/18	UOB Kay Hian	First Resources	1.6	1.6	Hold	PER13x FY18, Buy @ $1.40
11/12/18	DMG & Partners	First Resources	1.6	1.6	Neutral	PER11x FY19
11/12/18	Kim Eng	First Resources	1.6	2	Buy	PER17x FY18
11/12/18	CIMB	Frasers Property	1.62	2.08	Add	RNAV (35% discount)
11/12/18	Kim Eng	Hi-P	0.845	0.84	Hold	PB1x FY19
11/12/18	DMG & Partners	HRnetGroup	0.815	1.18	Buy	DCF
11/12/18	DBS Vickers	HRnetGroup	0.815	1.1	Buy	PER15x FY19, ex-cash
11/12/18	CIMB	HRnetGroup	0.815	1.1	Add	PER18x CY20
11/12/18	DMG & Partners	Mindchamps	0.625	0.87	Buy	DCF & EV/Ebitda17x FY19
11/12/18	Macquarie	OCBC	11.46	13	Outperform
11/12/18	DBS Vickers	OUE Commercial	0.465	0.47	Hold
11/12/18	CIMB	OUE Commercial	0.465	0.57	Hold	DDM
11/12/18	DBS Vickers	SATS	4.88	5.6	Buy	DCF, PER22x FY20
11/12/18	CIMB	SIA	9.52	10.1	Hold	PB0.9x CY19
11/12/18	phillip	SIA Engineering	2.83	2.81	Neutral	DCF, PER20.6x FY19
11/12/18	UOB Kay Hian	SIA Engineering	2.83	2.7	Hold	DCF, Buy @ $2.40 or PER15x FY19
11/12/18	DBS Vickers	SIA Engineering	2.83	2.94	Hold	Sum of parts
11/12/18	CIMB	SIA Engineering	2.83	3.11	Add	DCF, PER19.6x CY19
11/12/18	UOB Kay Hian	Starhub	1.94	2.3	Buy	DCF
11/12/18	DMG & Partners	Starhub	1.94	1.9	Neutral	DCF
11/12/18	OCBC	Starhub	1.94	1.92	Hold
11/12/18	CIMB	Sunningdale	1.41	1.84	Add	PB0.92x
11/12/18	UOB Kay Hian	Sunningdale	1.41	1.5	Hold	PER10.6x FY19, Buy @ $1.25
11/12/18	Lim & Tan	Sunningdale	1.41	0	Buy
11/12/18	Lim & Tan	Sunpower	0.41	0	Buy
11/12/18	DMG & Partners	Wilmar	3.15	3.69	Buy
11/12/18	DBS Vickers	Yangzijiang	1.3	1.82	Buy	Sum of parts