Stock calls for 13 August 2021

Date	Analyst	Company	Last	Target	Call	Valuation
08/13/21	DBS Vickers	APAC Realty	0.815	1.05	Buy	PER14x FY21
08/13/21	CIMB	APAC Realty	0.815	0.94	Add
08/13/21	UOB Kay Hian	City Developments	6.76	8.5	Buy	RNAV
08/13/21	Macquarie	City Developments	6.76	9.55	Outperform
08/13/21	DIR	City Developments	6.76	9.35	Buy	RNAV (25% disc), Up from $9.28
08/13/21	UBS	City Developments	6.76	9.7	Buy	RNAV (30% discount)
08/13/21	Citi Research	City Developments	6.76	11.02	Buy
08/13/21	DMG & Partners	City Developments	6.76	8.5	Buy
08/13/21	Amfrasers	Civmec	0.745	0.86	Outperform
08/13/21	DBS Vickers	CSE Global	0.515	0.61	Buy	PER11x FY22
08/13/21	DBS Vickers	Frencken	2.16	2.65	Buy	PER15.5x FY22
08/13/21	DMG & Partners	Frencken	2.16	2.3	Buy
08/13/21	DBS Vickers	Genting	0.8	1	Buy	Sum of parts
08/13/21	CIMB	Genting	0.8	0.95	Add	EV/Ebita9.5x FY22
08/13/21	DBS Vickers	GHY	0.63	0.87	Buy	Sum of parts
08/13/21	SAC Capital	Grand Venture	1.23	1.3	Hold	DCF, PER22.2x FY22
08/13/21	Lim & Tan	Innotek	0.915	0	Accumulate
08/13/21	Phillip	Ireit	0.645	0.75	Buy	DDM
08/13/21	CIMB	Koufu	0.675	0.8	Add
08/13/21	Phillip	Lendlease Reit	0.885	0.87	Neutral	DDM
08/13/21	DBS Vickers	Manulife US Reit	0.765	0.88	Buy	DCF
08/13/21	Kim Eng	Manulife US Reit	0.765	1	Buy	DDM
08/13/21	UOB Kay Hian	Manulife US Reit	0.765	0.84	Buy	DDM
08/13/21	CIMB	Propnex	1.95	2.05	Hold	DCF & PER
08/13/21	UOB Kay Hian	Riverstone	1.26	1.32	Hold	PER9.6x FY22
08/13/21	CIMB	SBS Transit	3	3.5	Add	PER13.2x CY21
08/13/21	phillip	SGX	10.9	11.54	Neutral	PER25x FY22
08/13/21	Macquarie	Singtel	2.37	2.84	outperform	DCF
08/13/21	UOB Kay Hian	Singtel	2.37	2.75	Buy	DCF
08/13/21	CIMB	Singtel	2.37	2.9	Add
08/13/21	DMG & Partners	Singtel	2.37	3	Buy
08/13/21	OCBC	ST Engineering	4.08	4.4	Buy
08/13/21	OCBC	UOL	7.23	9.27	Buy	RNAV
08/13/21	Lim & Tan	UOL	7.23	0	Accumulate
08/13/21	UOB Kay Hian	Venture	19.53	23.57	Add	PER19.5x FY22