Stock calls for 14 November 2023

Date	Analyst	Company	Last	Target	Call	Valuation
11/14/23	DBS Vickers	AEM	3.34	3	Hold	PER12.5x FY24
11/14/23	DBS Vickers	ARA Hospitality	0.27	0.45	Buy	DCF
11/14/23	Phillip	Capitaland Investment	2.94	3.68	Buy	Sum of parts, PER18x
11/14/23	DBS Vickers	Cromwell EUR	1.22	2	Buy	DCF
11/14/23	UOB Kay Hian	First Resources	1.43	1.65	Buy	PER8x FY24
11/14/23	DBS Vickers	First Resources	1.43	2	Buy	DCF
11/14/23	UOB Kay Hian	Frasers Centrepoint Trust	2.11	2.52	Buy
11/14/23	DBS Vickers	Frasers Property	0.765	1.21	Buy	RNAV (60% disc)
11/14/23	Lim & Tan	Frasers Property	0.765	1.21	Accumulate
11/14/23	UOB Kay Hian	Genting	0.85	1.25	Buy	EV/Ebitda9x FY24
11/14/23	DBS Vickers	Genting	0.85	1.05	Buy	Sum of parts
11/14/23	CIMB	Genting	0.85	1.3	Add
11/14/23	Citi Research	Genting	0.85	1.2	Buy
11/14/23	Kim Eng	Genting	0.85	1.16	Buy
11/14/23	DBS Vickers	Mapletree Logistics	1.54	1.88	Buy	DCF
11/14/23	UOB Kay Hian	OCBC	12.97	17.35	Buy	GGM, PB1.42x FY24
11/14/23	phillip	OCBC	12.97	14.96	Buy	GGM, PB1.29x FY22
11/14/23	phillip	Sasseur	0.66	0.9	Buy	DDM
11/14/23	phillip	SATS	2.56	2.23	Reduce	DCF
11/14/23	DBS Vickers	SATS	2.56	3.2	Buy	Sum of parts
11/14/23	Nomura	SIA	6.21	9.17	Buy
11/14/23	OCBC	Singtel	2.36	3.11	Buy
11/14/23	Phillip	Singtel	2.36	2.8	Buy	Sum of parts
11/14/23	UOB Kay Hian	ST Engineering	3.76	4.2	Buy	DCF
11/14/23	Phillip	ST Engineering	3.76	4.5	Buy	DCF
11/14/23	Lim & Tan	ST Engineering	3.76	0	Accumulate
11/14/23	DBS Vickers	ST Engineering	3.76	4.5	Buy
11/14/23	DMG & Partners	ST Engineering	3.76	4.45	Buy
11/14/23	CIMB	ST Engineering	3.76	4.27	Add
11/14/23	CIMB	Starhub	1.07	1.15	Hold
11/14/23	DMG & Partners	Starhub	1.07	1.15	Neutral	DCF
11/14/23	DBS Vickers	UMS	1.29	1.55	Buy	PER13x FY2
11/14/23	phillip	UOB	27.4	35.9	Buy
11/14/23	phillip	Valuetronics	0.545	0.7	Buy	PER11x