Stock calls for 29 February 2024

Date	Analyst	Company	Last	Target	Call	Valuation
02/29/24	DBS Vickers	ARA Hospitality	0.3	0.4	Buy	DCF
02/29/24	Uob Kay Hian	Capitaland Investment	2.78	4.04	Buy	Sum of parts
02/29/24	Lim & Tan	Capitaland Investment	2.78	3.89	Accumulate
02/29/24	UOB Kay Hian	City Developments	5.78	8.2	Buy	RNAV (45% disc)
02/29/24	DBS Vickers	Daiwa House	0.64	0.75	Buy	DCF
02/29/24	Lim & Tan	Delfi	0.955	0	Accumulate
02/29/24	UOB Kay Hian	Food Empire	1.43	1.69	Buy	PER11x FY24
02/29/24	UOB Kay Hian	Frencken	1.52	1.74	Buy	PER17x FY24
02/29/24	Kim Eng	Frencken	1.52	1.77	Buy
02/29/24	DMG & Partners	Golden Agri	0.27	0.29	Neutral	Sum of parts
02/29/24	UOB Kay Hian	OCBC	13.31	17.22	Buy	GGM, PB1.31x FY25
02/29/24	DBS Vickers	OCBC	13.31	14	Hold	GGM, PB1x FY24
02/29/24	Amfrasers	Sasseur	0.685	1.01	Outperform	DDM
02/29/24	DBS Vickers	SATS	2.6	3.4	Buy
02/29/24	DMG & Partners	Sheng Siong	1.56	1.96	Buy	PER21x FY24
02/29/24	DBS Vickers	UMS	1.51	1.84	Buy	PER15x