Stock calls for 28 November 2022

Date	Analyst	Company	Last	Target	Call	Valuation
11/28/22	CLSA	A-Reit	2.71	3.2	Buy	Up from $2.90
11/28/22	CIMB	Boustead	0.785	1.35	Add
11/28/22	CLSA	Capitaland Integrated Commercial Trust	2.03	2.35	Buy	Cut from $2.57
11/28/22	CLSA	ESR-Reit	0.35	0.38	outperform	Cut from $0.50
11/28/22	UOB Kay Hian	Far East Hospitality	0.62	0.71	Buy	DDM
11/28/22	CLSA	Frasers Centrepoint Trust	2.06	2.1	Underperform	cut from $2.30
11/28/22	Lim & Tan	Innotek	0.42	0.6	Buy	EV/Ebitda1.5x FY22
11/28/22	CLSA	Keppel DC Reit	1.83	1.95	Outperform	Cut from $2
11/28/22	CLSA	Keppel Reit	0.875	0.95	Outperform	cut from $1.32
11/28/22	CLSA	Manulife US Reit	0.385	0.4	Outperform	cut from $0.65
11/28/22	CLSA	Mapletree Commercial	1.7	1.7	Underperform	Cut from $1.80
11/28/22	CLSA	Mapletree Industrial	2.23	2.2	Underperform	Cut from $3.10
11/28/22	CLSA	Mapletree Logistics	1.58	1.85	Buy	Cut from $2.06
11/28/22	Kim Eng	Sembcorp Industries	3.2	4	Buy
11/28/22	CLSA	Suntec Reit	1.38	1.2	Sell	cut from $1.45
11/28/22	UOB Kay Hian	Thai Beverage	0.61	0.73	Buy	Sum of parts
11/28/22	DBS Vickers	Thai Beverage	0.61	0.87	Buy	Sum of parts
11/28/22	DMG & Partners	Thai Beverage	0.61	0.91	Buy
11/28/22	CIMB	Thai Beverage	0.61	0.88	Add
11/28/22	Lim & Tan	Thai Beverage	0.61	0.84	Accumulate