Stock calls for 19 July 2019

Date	Analyst	Company	Last	Target	Call	Valuation
07/19/19	DBS Vickers	AIMS AMP Cap Ind Reit	1.46	1.5	Buy	DCF
07/19/19	DBS Vickers	Cache Logistics	0.78	0.75	Hold	DCF
07/19/19	DMG & Partners	CapitaCommercial	2.15	1.98	Neutral	DDM
07/19/19	DBS Vickers	Hi-P	1.43	1.41	Hold	PER12x FY19
07/19/19	DMG & Partners	Keppel Corp	6.59	7.3	Buy	Sum of parts
07/19/19	CIMB	Keppel Corp	6.59	8.41	Add
07/19/19	UOB Kay Hian	Keppel Corp	6.59	7.61	Buy
07/19/19	Lim & Tan	Keppel Corp	6.59	0	Hold
07/19/19	DBS Vickers	Mapletree Commercial	2.07	2.25	Buy	DCF
07/19/19	DBS Vickers	Mapletree Logistics	1.61	1.85	Buy
07/19/19	DBS Vickers	Mapletree North Asia	1.45	1.65	Buy	DCF
07/19/19	DBS Vickers	MM2 Asia	0.23	0.34	Buy	PER16x FY20
07/19/19	UOB Kay Hian	SATS	5.32	4.8	Sell
07/19/19	DBS Vickers	SATS	5.32	5	Hold	DCF
07/19/19	CIMB	SATS	5.32	5.4	Hold	PER21.9x CY20
07/19/19	UOB Kay Hian	Soilbuild Reit	0.615	0.6	Hold
07/19/19	DBS Vickers	Soilbuild Reit	0.615	0.63	Hold	DCF