Stock calls for 18 November 2019

Date	Analyst	Company	Last	Target	Call	Valuation
11/18/19	Phillip	APAC Realty	0.5	0.55	Accumulate	DCF
11/18/19	CIMB	BRC Asia	1.47	1.9	Add
11/18/19	Lim & Tan	BRC Asia	1.47	1.8	Buy	DCF
11/18/19	Amfrasers	Eagle Hospitality Trust	0.535	0.61	Buy	DDM
11/18/19	Citibank	Frasers Centrepoint Trust	2.72	3	Buy
11/18/19	DBS Vickers	Frasers Property	1.82	2.05	Buy
11/18/19	Amfrasers	Frencken	0.92	0.93	Neutral	PER10x FY20
11/18/19	DMG & Partners	ISOTeam	0.24	0.31	Buy	DCF
11/18/19	UOB Kay Hian	ISOTeam	0.24	0.34	Buy
11/18/19	phillip	Propnex	0.515	0.59	Buy	DCF
11/18/19	Kim Eng	Sasseur	0.845	1	Buy	DDM
11/18/19	UOB Kay Hian	Sasseur	0.845	0.97	Buy
11/18/19	DBS Vickers	Sasseur	0.845	0.97	Buy
11/18/19	UOB Kay Hian	Sembcorp Industries	2.26	2.19	Hold	Buy @ $2
11/18/19	DBS Vickers	Sembcorp Industries	2.26	2.9	Buy	RNAV (10% discount), PB0.7x
11/18/19	DMG & Partners	Silverlake	0.43	0.46	Neutral	DCF
11/18/19	Phillip	Singtel	3.18	3.31	Accumulate	Sum of parts
11/18/19	DMG & Partners	Singtel	3.18	3.5	Neutral	Sum of parts
11/18/19	CIMB	Singtel	3.18	3.6	Add	Sum of parts
11/18/19	DBS Vickers	Singtel	3.18	3.12	Hold
11/18/19	OCBC	Singtel	3.18	3.53	Buy
11/18/19	DBS Vickers	Yangzijiang	1	1.68	Buy	Sum of parts