Stock calls for 12 November 2019

Date	Analyst	Company	Last	Target	Call	Valuation
11/12/19	Phillip	APTV	0.171	0.165	Neutral	EV/Ebitda9.5x
11/12/19	DMG & Partners	Bumitama	0.595	0.69	Buy	PER16x FY20
11/12/19	UOB Kay Hian	CDL Hospitality	1.58	2.05	Buy
11/12/19	Amfrasers	China Sunsine	1.03	1.2	Outperform	DCF
11/12/19	Macquarie	DBS	26.64	25.8	Neutral	PB
11/12/19	phillip	DBS	26.64	27.3	Accumulate	GGM, PB1.4x
11/12/19	DMG & Partners	DBS	26.64	25.8	Neutral	GGM, PB1.28x FY20
11/12/19	Kim Eng	DBS	26.64	29.92	Buy	DDM
11/12/19	UOB Kay Hian	DBS	26.64	30	Buy
11/12/19	phillip	EC World Reit	0.74	0.84	Buy	DDM
11/12/19	DBS Vickers	EC World Reit	0.74	0.86	Buy	DCF
11/12/19	DMG & Partners	First Resources	1.73	1.95	Buy	PER18x FY20
11/12/19	DMG & Partners	Food Empire	0.54	0.73	Buy
11/12/19	UOB Kay Hian	Fu Yu	0.225	0.285	Buy
11/12/19	UOB Kay Hian	Keppel Corp	6.86	7.61	Buy
11/12/19	Lim & Tan	KSH	0.465	0	Buy
11/12/19	DBS Vickers	Mapletree North Asia	1.23	1.6	Buy
11/12/19	UOB Kay Hian	Overseas Edu	0.285	0.46	Buy
11/12/19	UOB Kay Hian	Sembcorp Marine	1.33	1.22	Sell
11/12/19	DBS Vickers	ST Engineering	4	4.64	Buy
11/12/19	CIMB	ST Engineering	4	4.47	Add
11/12/19	Kim Eng	ST Engineering	4	4.5	Buy
11/12/19	OCBC	ST Engineering	4	4.64	Buy
11/12/19	DMG & Partners	ST Engineering	4	4.55	Buy	Sum of parts
11/12/19	UOB Kay Hian	ST Engineering	4	4.32	Buy
11/12/19	UOB Kay Hian	Wilmar	3.83	4.4	Buy
11/12/19	UOB Kay Hian	Yangzijiang	0.98	1.46	Buy