Stock calls for 23 July 2021

Date	Analyst	Company	Last	Target	Call	Valuation
07/23/21	DBS Vickers	ARA Logistics	0.88	1	Buy	DCF
07/23/21	UOB Kay Hian	ARA Logistics	0.88	1.02	Buy	DDM
07/23/21	DMG & Partners	ARA Logistics	0.88	0.95	Buy
07/23/21	CIMB	ARA Logistics	0.88	0.961	Add
07/23/21	Amfrasers	Don Agro	0.39	0.64	Buy	DCF
07/23/21	Lim & Tan	ESR-Reit	0.44	0	Hold
07/23/21	SAC Capital	Grand Venture	1.02	1.18	Buy	DCF, PER21.2x FY22
07/23/21	Phillip	Koda	0.8	1.32	Buy	PER7x FY21, Ex-cash
07/23/21	DBS Vickers	OCBC	12.12	14	Buy	PB
07/23/21	DBS Vickers	Sabana	0.44	0.49	Buy
07/23/21	CIMB	SATS	3.87	4.3	Add	DCF
07/23/21	Lim & Tan	SATS	3.87	0	Hold
07/23/21	UOB Kay Hian	Suntec Reit	1.49	1.78	Buy	DDM
07/23/21	Jefferies	Suntec Reit	1.49	1.7	Buy
07/23/21	DBS Vickers	UOB	25.92	29.2	Buy	PB