Stock calls for 18 October 2019

Date	Analyst	Company	Last	Target	Call	Valuation
10/18/19	Phillip	A-Reit	3.13	3.31	Accumulate
10/18/19	phillip	Cache Logistics	0.73	0.75	Neutral
10/18/19	Phillip	CapitaCommercial	2.05	2.18	Neutral
10/18/19	Phillip	Capitamall Trust	2.63	2.68	Neutral
10/18/19	Phillip	CapitaRetail China	1.53	1.66	Accumulate
10/18/19	Credit Suisse	City Developments	10.39	11.6	Outperform
10/18/19	phillip	Dasin Retail	0.845	0.94	Accumulate
10/18/19	phillip	EC World Reit	0.735	0.87	Buy
10/18/19	Phillip	Frasers Centrepoint Trust	2.77	2.77	Accumulate
10/18/19	CIMB	Keppel Corp	5.96	8.36	Add	Sum of parts
10/18/19	DMG & Partners	Keppel Corp	5.96	7.18	Buy	Sum of parts
10/18/19	Lim & Tan	Keppel Corp	5.96	0	Hold
10/18/19	DBS Vickers	Keppel Corp	5.96	7.5	Buy	Sum of parts, PB1.2x FY19
10/18/19	Phillip	Mapletree Industrial	2.57	2.06	Neutral
10/18/19	DBS Vickers	Netlink	0.91	0.95	Buy
10/18/19	CIMB	Singtel	3.16	3.6	Add
10/18/19	DBS Vickers	Soilbuild Reit	0.525	0.55	Hold	DCF
10/18/19	OCBC	Soilbuild Reit	0.525	0.52	Hold
10/18/19	Amfrasers	Soilbuild Reit	0.525	0.58	Neutral
10/18/19	DBS Vickers	Starhub	1.28	1.55	Hold