Stock calls for 1 June 2020

Date	Analyst	Company	Last	Target	Call	Valuation
06/01/20	DBS Vickers	ART	0.96	1.1	Buy
06/01/20	DBS Vickers	CDL Hospitality	0.95	1.3	Buy
06/01/20	DBS Vickers	Comfortdelgro	1.44	1.68	Buy	PER16.8x FY20/21
06/01/20	DBS Vickers	Far East Hospitality	0.495	0.6	Buy
06/01/20	DBS Vickers	Frasers Centrepoint Trust	2.43	2.65	Buy	PB1.2x
06/01/20	CIMB	ISDN	0.235	0.279	Add	Up from $0.22
06/01/20	DBS Vickers	Koufu	0.65	0.68	Hold
06/01/20	DBS Vickers	Lendlease Reit	0.67	0.85	Buy
06/01/20	DBS Vickers	OCBC	8.55	7.9	Hold
06/01/20	Lim & Tan	Penguin	0.5	0	Buy
06/01/20	DBS Vickers	SATS	2.66	2.64	Hold
06/01/20	DBS Vickers	Sembcorp Industries	1.36	1.7	Buy	Sum of parts (10% discount)
06/01/20	Phillip	Singtel	2.49	2.44	Neutral	Sum of parts
06/01/20	DBS Vickers	UOB	19.5	17.5	Hold