Stock calls for 14 February 2020

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/20	CIMB	DBS	25.42	27.09	Add	GGM
02/14/20	UOB Kay Hian	DBS	25.42	28	Buy	GGM, PB1.39x FY20
02/14/20	DMG & Partners	DBS	25.42	24.8	Neutral	GGM, PB1.25x FY20
02/14/20	Kim Eng	DBS	25.42	28.6	Buy
02/14/20	Jefferies	DBS	25.42	28.5	Buy
02/14/20	DBS Vickers	Hi-P	1.3	1.37	Hold
02/14/20	Phillip	Ireit	0.865	0.885	Accumulate	DDM
02/14/20	Phillip	Netlink	1.01	0.99	Neutral	DCF
02/14/20	DBS Vickers	SATS	4.54	4.46	Hold	DCF & PER22x FY21
02/14/20	DBS Vickers	Silverlake	0.37	0.48	Buy	PER21x FY20
02/14/20	DMG & Partners	Silverlake	0.37	0.41	Neutral	DCF
02/14/20	DMG & Partners	Singtel	3.28	3.45	Neutral	Sum of parts
02/14/20	UOB Kay Hian	Singtel	3.28	3.2	Hold	Buy @ $3
02/14/20	DBS Vickers	Singtel	3.28	3.63	Buy
02/14/20	Lim & Tan	Singtel	3.28	0	Hold
02/14/20	DMG & Partners	Unusual	0.21	0.35	Buy	DCF
02/14/20	UOB Kay Hian	Unusual	0.21	0.32	Buy
02/14/20	DMG & Partners	Wilmar	4.1	4.43	Buy	Sum of parts