Stock calls for 15 August 2019

Date	Analyst	Company	Last	Target	Call	Valuation
08/15/19	DBS Vickers	Bumitama	0.59	0.69	Buy	DCF, PER18.5x FY19
08/15/19	DMG & Partners	Centurion	0.41	0.43	Neutral	DCF
08/15/19	Amfrasers	Comfortdelgro	2.51	2.77	Neutral	PER19x FY19
08/15/19	CIMB	Comfortdelgro	2.51	2.78	Add
08/15/19	Lim & Tan	CSE Global	0.435	0	Buy
08/15/19	Kim Eng	First Resources	1.57	1.8	Buy
08/15/19	DMG & Partners	First Resources	1.57	1.45	Neutral	PER14x FY20
08/15/19	CIMB	First Resources	1.57	1.76	Add
08/15/19	Amfrasers	Manulife US Reit	0.89	0.98	outperform
08/15/19	DMG & Partners	Manulife US Reit	0.89	0.98	Buy	DDM
08/15/19	DBS Vickers	MM2 Asia	0.197	0.29	Buy	Sum of parts
08/15/19	CIMB	Sembcorp Industries	2.26	2.83	Add	Sum of parts
08/15/19	UOB Kay Hian	Sembcorp Industries	2.26	2.34	Hold
08/15/19	UOB Kay Hian	ST Engineering	4.22	4.36	Hold
08/15/19	DMG & Partners	ST Engineering	4.22	4.7	Buy	Sum of parts
08/15/19	DBS Vickers	Thai Beverage	0.83	0.91	Buy
08/15/19	UOB Kay Hian	Tianjin Zhongxin	0.795	1.4	Buy
08/15/19	UOB Kay Hian	Wilmar	3.86	4.4	Buy
08/15/19	CIMB	Yongnam	0.171	0.28	Add