Stock calls for 22 April 2020

Date	Analyst	Company	Last	Target	Call	Valuation
04/22/20	DBS Vickers	Breadtalk	0.765	0.49	Accept offer	offer @ $0.77
04/22/20	DMG & Partners	CapitaCommercial	1.5	1.7	Neutral	DDM
04/22/20	DBS Vickers	Centurion	0.38	0.41	Hold	DCF
04/22/20	DMG & Partners	China Aviation Oil	1.02	1.3	Buy	Sum of parts
04/22/20	DBS Vickers	Jumbo	0.245	0.18	Hold
04/22/20	CIMB	Keppel DC Reit	2.44	2.17	Hold
04/22/20	DBS Vickers	Keppel Infrastructure	0.48	0.54	Buy	DDM
04/22/20	DBS Vickers	Koufu	0.615	0.68	Hold
04/22/20	UOB Kay Hian	OCBC	8.7	9.78	Buy
04/22/20	DMG & Partners	OCBC	8.7	9	Neutral	GGM, PB0.84x FY20
04/22/20	DBS Vickers	Sheng Siong	1.45	1.56	Buy
04/22/20	UOB Kay Hian	ST Engineering	3.33	3.6	Hold	EV/Invested capital basis, Buy @ $3.10
04/22/20	CIMB	ST Engineering	3.33	3.86	Add
04/22/20	CIMB	Venture	15.53	16.78	Add