Ascott Residence Trust (ART) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	UOB Kay Hian	ART	1.185	1.39	Buy
01/08/16	DBS Vickers	ART	1.15	1.33	Buy	DCF
01/26/16	Lim & Tan	ART	1.1	0	Buy
01/26/16	OCBC	ART	1.1	1.28	Buy
01/27/16	CIMB	ART	1.115	1.19	Hold	DDM
01/27/16	DIR	ART	1.115	1.28	Outperform	DDM
03/10/16	OCBC	ART	1.13	1.28	Buy
03/15/16	CIMB	ART	1.13	1.19	Hold	DDM
03/15/16	DBS Vickers	ART	1.13	1.33	Buy
03/15/16	DIR	ART	1.13	1.21	Outperform	DDM
03/15/16	Lim & Tan	ART	1.13	0	Buy on weakness
03/16/16	OCBC	ART	1.075	1.29	Buy
03/16/16	UOB Kay Hian	ART	1.075	1.39	Buy	DDM
04/12/16	OCBC	ART	1.1	1.29	Buy
04/13/16	DBS Vickers	ART	1.11	1.33	Buy
04/18/16	CIMB	ART	1.125	1.14	Hold
04/18/16	DBS Vickers	ART	1.125	1.28	Buy
04/18/16	UOB Kay Hian	ART	1.125	1.36	Buy
05/03/16	UOB Kay Hian	ART	1.135	1.36	Buy
05/18/16	OCBC	ART	1.125	1.29	Buy
06/14/16	CIMB	ART	1.125	1.14	Hold
06/17/16	UOB Kay Hian	ART	1.11	1.36	Buy
06/22/16	OCBC	ART	1.115	1.29	Buy
06/29/16	CIMB	ART	1.09	1.16	Hold	DDM
07/13/16	Lim & Tan	ART	1.12	0	Buy
07/14/16	UOB Kay Hian	ART	1.13	1.36	Buy
07/18/16	UOB Kay Hian	ART	1.135	1.39	Buy
07/20/16	OCBC	ART	1.135	1.29	Buy
07/21/16	DBS Vickers	ART	1.145	1.31	Buy
07/21/16	DIR	ART	1.145	1.24	Outperform	DDM
07/21/16	OCBC	ART	1.145	1.24	Buy
07/21/16	Religare	ART	1.145	1.22	Hold
07/21/16	UOB Kay Hian	ART	1.145	1.37	Buy	DDM
07/22/16	CIMB	ART	1.16	1.18	Hold	DDM
07/22/16	Credit Suisse	ART	1.16	1.23	Neutral
08/01/16	UOB Kay Hian	ART	1.13	1.37	Buy
08/04/16	DIR	ART	1.125	1.24	Outperform
08/16/16	DBS Vickers	ART	1.15	1.31	Buy
08/29/16	OCBC	ART	1.145	1.24	Buy
08/31/16	Credit Suisse	ART	1.135	1.23	Neutral
09/15/16	DIR	ART	1.135	1.24	Outperform	DDM
10/05/16	UOB Kay Hian	ART	1.145	1.37	Buy	DDM
10/06/16	OCBC	ART	1.145	1.24	Buy
10/14/16	DIR	ART	1.14	1.24	Outperform	DDM
10/18/16	DBS Vickers	ART	1.14	1.31	Buy
10/21/16	CIMB	ART	1.135	1.18	Hold	DDM
10/21/16	DBS Vickers	ART	1.135	1.32	Buy	DCF
11/21/16	CIMB	ART	1.135	1.11	Hold
11/21/16	OCBC	ART	1.135	1.24	Buy
12/09/16	UOB Kay Hian	ART	1.165	1.3	Buy
12/16/16	OCBC	ART	1.155	1.24	Buy
01/04/17	OCBC	ART	1.14	1.24	Buy
01/04/17	UOB Kay Hian	ART	1.14	1.3	Buy	DDM
01/09/17	DBS Vickers	ART	1.16	1.32	Buy	DCF
01/18/17	DIR	ART	1.17	1.24	Outperform	DDM
01/24/17	Lim & Tan	ART	1.17	0	Buy
01/25/17	CIMB	ART	1.185	1.14	Hold	DDM
01/25/17	DBS Vickers	ART	1.185	1.28	Buy	DCF
01/25/17	OCBC	ART	1.185	1.22	Hold
01/31/17	Credit Suisse	ART	1.185	1.23	Neutral
02/08/17	DIR	ART	1.14	1.24	Outperform	DDM
03/07/17	Lim & Tan	ART	1.17	0	Hold	CR = 29 for 100 @ $0.919
03/07/17	UOB Kay Hian	ART	1.17	1.3	Buy
03/08/17	CIMB	ART	1.13	1	Reduce	DDM
03/08/17	Credit Suisse	ART	1.13	1.11	Neutral
03/08/17	DIR	ART	1.13	1.12	Hold	DDM
03/08/17	OCBC	ART	1.13	1.16	Hold	Target $1.105 ex-rights 29-for-100 @ $0.919
03/08/17	UOB Kay Hian	ART	1.13	1.2	Hold	DDM, Ex rights 29 for 100 $0.919
03/23/17	OCBC	ART	1.065	1.105	Hold
04/06/17	OCBC	ART	1.1	1.05	Hold
04/11/17	UOB Kay Hian	ART	1.09	1.2	Hold
04/17/17	OCBC	ART	1.09	1.105	Hold
04/18/17	DIR	ART	1.095	1.12	Hold
04/24/17	DBS Vickers	ART	1.09	1.16	Buy	DCF, Ex-Rights
04/24/17	DIR	ART	1.09	1.08	Hold	DDM
04/24/17	OCBC	ART	1.09	1.09	Hold
04/24/17	UOB Kay Hian	ART	1.09	1.15	Hold	DDM, Buy @ $1 or below
05/25/17	UOB Kay Hian	ART	1.12	1.17	Hold	DDM, Buy @ $1
05/31/17	Lim & Tan	ART	1.125	0	Buy
06/01/17	CIMB	ART	1.125	1.05	Hold	DDM
06/01/17	DBS Vickers	ART	1.125	1.16	Buy
06/01/17	OCBC	ART	1.125	1.095	Hold
07/04/17	DBS Vickers	ART	1.16	1.16	Buy
07/04/17	OCBC	ART	1.16	1.095	Hold
07/20/17	Lim & Tan	ART	1.175	0	Sell
07/21/17	CIMB	ART	1.195	1.14	Hold	DDM
07/21/17	DIR	ART	1.195	1.12	Hold	DDM
07/21/17	UOB Kay Hian	ART	1.195	1.18	Hold	DDM, Buy @ $1
07/24/17	DBS Vickers	ART	1.21	1.28	Buy	DCF
08/17/17	DBS Vickers	ART	1.18	1.28	Buy	DCF
09/29/17	OCBC	ART	1.18	1.1	Hold
10/23/17	UOB Kay Hian	ART	1.215	1.18	Hold
10/25/17	OCBC	ART	1.22	1.11	Hold
10/25/17	CIMB	ART	1.22	1.16	Hold	DDM
10/25/17	DBS Vickers	ART	1.22	1.28	Buy	DCF

Asian Pay TV - Stock calls

02/24/16	DBS Vickers	APTV	0.63	0.62	Hold	DCF
02/24/16	Lim & Tan	APTV	0.63	0	Hold
05/10/16	Lim & Tan	APTV	0.595	0	Hold
05/11/16	Amfrasers	APTV	0.595	0.51	Hold	EV/Ebitda9.7x FY16
04/21/17	Phillip	APTV	0.49	0.64	Buy	DCF, EV/Ebitda10.7x
05/16/17	Phillip	APTV	0.55	0.64	Buy	DCF, EV/Ebitda10.7x
05/17/17	Amfrasers	APTV	0.55	0.65	Buy	DDM
08/15/17	Phillip	APTV	0.58	0.64	Buy
08/16/17	Amfrasers	APTV	0.58	0.6	Buy	DDM
11/14/17	Phillip	APTV	0.605	0.64	Accumulate

Stock calls for 15 November 2017

Date	Analyst	Company	Last	Target	Call	Valuation
11/15/17	DMG & Partners	Amara	0.54	0.88	Buy	PB0.65x
11/15/17	Kim Eng	Bumitama	0.835	0.95	Buy	PER14x FY17
11/15/17	DMG & Partners	Bumitama	0.835	0.95	Buy	PER12x FY18
11/15/17	UOB Kay Hian	Bumitama	0.835	1.03	Buy	PER13x FY18
11/15/17	Credit Suisse	Bumitama	0.835	1	Outperform
11/15/17	DMG & Partners	China Everbright	0.45	0.54	Buy	DCF
11/15/17	DMG & Partners	Delfi	1.45	1.65	Buy	DCF
11/15/17	DBS Vickers	First Resources	1.93	2.18	Buy	DCF, PER14.5x FY18
11/15/17	UOB Kay Hian	First Resources	1.93	1.95	Hold	PER16x FY18, Buy @ $1.75
11/15/17	Credit Suisse	First Resources	1.93	2.3	Neutral
11/15/17	Amfrasers	Frencken	0.54	0.66	Buy	PER10x FY18
11/15/17	UOB Kay Hian	Golden Agri	0.39	0.34	Hold	PER13x FY18, Buy @ $0.3
11/15/17	OCBC	Golden Agri	0.39	0.37	Hold
11/15/17	Credit Suisse	Golden Agri	0.39	0.35	Underperform
11/15/17	CIMB	Golden Agri	0.39	0.36	Reduce	PER15x FY19
11/15/17	CIMB	HMI	0.715	0.83	Add	DCF
11/15/17	phillip	HMI	0.715	0.83	Buy	DCF
11/15/17	UOB Kay Hian	HMI	0.715	0.83	Buy	DCF
11/15/17	Kim Eng	HMI	0.715	0.8	Buy	DCF
11/15/17	UOB Kay Hian	ISDN	0.245	0.35	Buy
11/15/17	Amfrasers	Japan Foods	0.43	0.53	Buy	DCF
11/15/17	OCBC	KSH	0.865	0.79	Hold
11/15/17	Lim & Tan	Singapore Post	1.3	0	Hold
11/15/17	UOB Kay Hian	Wheelock Properties	1.95	2.33	Buy	RNAV (15% discount)
11/15/17	DBS Vickers	Yanlord	1.74	2.25	Buy	PER7.1x FY18

China has the fastest supercomputers for the fourth time in a row.

http://en.people.cn/n3/2017/1114/c90000-9292150.html

China took the first and 2nd spots in the fastest supercomputers in the world.

Great job, China!

Dr Watson is the best medical AI.

https://www.technologyreview.com/s/607965/a-reality-check-for-ibms-ai-ambitions/

IBM's medical AI, Watson, can diagnose and provide at least 3 treatment plans for the patients.  It is currently on trial in Taiwan and Japan.

Dr Watson is able to do much better than a medical doctor because it can analyze from its huge databases and prescribe the latest treatments and medicines whereby a medical doctor cannot.

This is really good news for the public.

Hot news! SMRT collision!

https://sg.news.yahoo.com/23-injured-smrt-trains-collide-joo-koon-mrt-station-030029616.html

What happened to the safety feature? The train behind shouldn't move when there is an existing train in the station.

Who will the government blame this time?  The top management is always getting away from the blame.

APAC Realty - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/25/17	Lim & Tan	APAC Realty	0.66	0	Subscribe	IPO
11/09/17	DBS Vickers	APAC Realty	0.89	1.03	Buy	DCF & PER15x FY18
11/13/17	DBS Vickers	APAC Realty	0.905	1.12	Buy	DCF & PER15x FY18

Amara - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/12/17	DMG & Partners	Amara	0.54	0.88	Buy	PB0.65x
05/17/17	DMG & Partners	Amara	0.56	0.88	Buy	PB0.65x
10/09/17	DMG & Partners	Amara	0.53	0.88	Buy

Stock calls for 14 November 2017

Date	Analyst	Company	Last	Target	Call	Valuation
11/14/17	Phillip	APTV	0.605	0.64	Accumulate
11/14/17	CIMB	Aspen	0.22	0.29	Add	RNAV (45% discount)
11/14/17	DMG & Partners	Avi-Tech	0.525	0.59	Buy	DCF, PER12x FY18
11/14/17	phillip	CNMC	0.28	0.3	Neutral	DCF
11/14/17	DMG & Partners	Comfortdelgro	2.1	2	Neutral	DCF, PER14.5x FY18
11/14/17	Kim Eng	First Resources	1.95	2.04	Hold	PER17x FY17
11/14/17	DMG & Partners	First Resources	1.95	2.13	Neutral	PER13x FY18
11/14/17	CIMB	First Resources	1.95	2.13	Add	PER13x FY19
11/14/17	DBS Vickers	Frasers Centrepoint Ltd	2.05	2.35	Buy	RNAV (20% discount), PB1x
11/14/17	CIMB	Frasers Centrepoint Ltd	2.05	2.37	Add	RNAV (30% discount)
11/14/17	OCBC	Midas	0.215	0.225	Hold
11/14/17	DMG & Partners	Moya Asia	0.101	0.17	Buy	DCF
11/14/17	DMG & Partners	Neo Group	0.66	0.64	Neutral	PER21x FY18
11/14/17	phillip	Old Chang Kee	0.75	0.98	Buy	DCF
11/14/17	DBS Vickers	PACC Offshore	0.345	0.41	Buy	PB0.8x
11/14/17	DBS Vickers	Pan-United	0.575	0.51	Fully Valued
11/14/17	SAC Advisors	Sanli Env	0.3	0.36	Buy
11/14/17	CIMB	Valuetronics	1.01	1.1	Add	PER11x CY19
11/14/17	DBS Vickers	Vard	0.245	0.25	Hold	PB0.78x, P/NTA0.99x, Offer price $0.25
11/14/17	UOB Kay Hian	Wilmar	3.32	4.1	Buy	Sum of parts, PER14x FY18
11/14/17	DMG & Partners	Wilmar	3.32	3.33	Neutral	Sum of parts
11/14/17	CIMB	Wilmar	3.32	4.27	Add	Sum of parts
11/14/17	OCBC	Wilmar	3.32	3.51	Hold
11/14/17	DBS Vickers	Yangzijiang	1.67	1.82	Buy	Sum of parts, PB1.3x

We have bitcoin gold now after bitcoin cash.

https://www.investopedia.com/news/bitcoin-gold-now-live/?partner=YahooSA&yptr=yahoo

We did warn about such splitting developments in our previous post.

https://sg-stock.blogspot.sg/2017/08/death-knell-for-virtual-currency-is.html

SMRT has a new culture now! Hush! Hush!

https://sg.news.yahoo.com/smrt-draws-flak-lack-announcements-morning-nsl-disruption-091315912.html

SMRT took steps to hush up its delay on 9 November.

https://sg.news.yahoo.com/delay-hits-north-south-line-tuesday-morning-track-fault-toa-payoh-011038906.html

SMRT took steps to hush up its delay again on 14 November.

The new culture of SMRT is setting in.  When the top management cannot resolve the problem, a new culture is being introduced.

AIMS AMP Cap Ind Reit - Stock calls

01/29/16	Kim Eng	AIMS AMP Cap Ind Reit	1.315	1.45	Hold	Yield 7.75%
03/22/16	Kim Eng	AIMS AMP Cap Ind Reit	1.34	1.47	Buy	Yield 7.75%
04/13/16	Kim Eng	AIMS AMP Cap Ind Reit	1.345	1.47	Buy	Yield 7.5%
04/20/16	Kim Eng	AIMS AMP Cap Ind Reit	1.355	1.49	Buy	Yield 7.5%
05/17/16	Kim Eng	AIMS AMP Cap Ind Reit	1.39	1.55	Buy
05/24/16	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.52	Not Rated
06/30/16	Kim Eng	AIMS AMP Cap Ind Reit	1.38	1.55	Buy
07/27/16	Kim Eng	AIMS AMP Cap Ind Reit	1.485	1.59	Buy	Yield 7.5%
08/16/16	DBS Vickers	AIMS AMP Cap Ind Reit	1.46	1.52	Not Rated
12/06/16	Kim Eng	AIMS AMP Cap Ind Reit	1.315	1.58	Buy
05/26/17	Kim Eng	AIMS AMP Cap Ind Reit	1.415	1.6	Buy	DDM
06/22/17	Kim Eng	AIMS AMP Cap Ind Reit	1.44	1.6	Buy
07/03/17	Kim Eng	AIMS AMP Cap Ind Reit	1.48	1.6	Buy
10/27/17	Kim Eng	AIMS AMP Cap Ind Reit	1.435	1.6	Buy

AEM - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/09/17	CIMB	AEM	1.555	2.69	Add	GGM, PB2.95x, PER8x FY18
04/26/17	CIMB	AEM	2.22	3.39	Add	PER10x FY18, Ex-CB
05/19/17	CIMB	AEM	2.45	3.39	Add
05/23/17	DBS Vickers	AEM	2.61	3.35	Not Rated	PER10x FY18
07/05/17	CIMB	AEM	2.2	3.39	Add	PER10x FY18
08/04/17	CIMB	AEM	2.8	3.39	Add
08/10/17	CIMB	AEM	2.77	3.43	Add	PER10x FY18
10/17/17	CIMB	AEM	2.87	4.55	Add	PER10x FY18
11/06/17	CIMB	AEM	3.39	4.55	Add	PER10x FY19

Advancer Global Ltd - Stock calls

07/07/16	Phillip	Advancer Global Ltd	0.22	0	Subscribe	IPO
08/25/16	DBS Vickers	Advancer Global Ltd	0.4	0.5	Not Rated	PER15x FY17
08/04/17	SAC Advisors	Advancer Global Ltd	0.285	0.36	Buy

Stock calls for 13 November 2017

Date	Analyst	Company	Last	Target	Call	Valuation
11/13/17	Phillip	800Super	1.175	1.43	Buy	DCF, PER15.9x FY18
11/13/17	DBS Vickers	APAC Realty	0.905	1.12	Buy	DCF & PER15x FY18
11/13/17	phillip	Banyan Tree	0.605	0.71	Accumulate	Sum of parts, PB0.7x FY18
11/13/17	Kim Eng	Bumitama	0.805	0.95	Buy
11/13/17	DBS Vickers	Bumitama	0.805	0.94	Buy
11/13/17	Phillip	Capitaland	3.58	4.19	Accumulate	RNAV (20% discount)
11/13/17	phillip	City Developments	12.2	12.1	Accumulate	RNAV (15% discount), Potential upside $13.50
11/13/17	OCBC	City Developments	12.2	13.5	Buy
11/13/17	Amfrasers	Cityneon	1.095	1.38	Buy	PER15.1x FY18
11/13/17	phillip	Comfortdelgro	2	2.69	Buy	DCF
11/13/17	UOB Kay Hian	Comfortdelgro	2	2.25	Buy	PER16.6x FY18
11/13/17	DBS Vickers	Comfortdelgro	2	2.18	Hold	DCF & PER15.3x FY17/18
11/13/17	Kim Eng	Comfortdelgro	2	2.4	Buy	DCF, PER16x FY18
11/13/17	OCBC	Comfortdelgro	2	2.05	Hold
11/13/17	CIMB	Comfortdelgro	2	2.15	Hold	DCF
11/13/17	Lim & Tan	Comfortdelgro	2	0	Hold
11/13/17	Credit Suisse	Comfortdelgro	2	3.1	Outperform
11/13/17	DBS Vickers	CourtsAsia	0.345	0.36	Hold	PER10x FY19
11/13/17	phillip	F & N	2.6	2.83	Accumulate	Sum of parts, PER27.1x FY18
11/13/17	Kim Eng	First Resources	1.94	2.04	Hold
11/13/17	DBS Vickers	First Resources	1.94	2.13	Buy
11/13/17	DBS Vickers	Hong Leong Finance	2.72	3.2	Buy
11/13/17	DBS Vickers	Indofood Agri	0.455	0.48	Hold
11/13/17	DMG & Partners	ISOTeam	0.345	0.46	Buy	DCF, PER13x FY18
11/13/17	CIMB	Jadason	0.087	0.11	Add	PER12.34x FY19
11/13/17	Lim & Tan	KSH	0.86	0	Hold
11/13/17	CIMB	Memtech	1.14	1.33	Add	PER10x FY19
11/13/17	UOB Kay Hian	Netlink	0.825	0.93	Buy	DCF
11/13/17	Kim Eng	SATS	5.01	5.7	Buy	PER21x FY19/20
11/13/17	Credit Suisse	SATS	5.01	4.6	Neutral
11/13/17	DBS Vickers	Singapore Medical	0.6	0.75	Buy	PER25x FY18/19, PEG0.3x
11/13/17	DBS Vickers	UMS	1.02	1.21	Buy	PER12x FY18
11/13/17	CIMB	UMS	1.02	1.21	Add	GGM, PB2.88x
11/13/17	OCBC	UOL	8.75	9.7	Buy
11/13/17	DBS Vickers	Wilmar	3.31	3.52	Hold
11/13/17	OCBC	Yangzijiang	1.64	1.63	Hold
11/13/17	CIMB	Yangzijiang	1.64	1.8	Add	Sum of parts

Noble Group loses DBS banking support.

https://www.bloomberg.com/news/articles/2017-11-13/noble-group-is-said-to-lose-key-bank-support-as-dbs-cuts-lending

This is really bad news for Noble.  If more banks pull back their credit facilities, Noble will go bankrupt.

Acromec - stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
03/14/16	Phillip	43F	Acromec	0.22	0	Subscribe	-100.00
06/24/16	DMG & Partners	43F	Acromec	0.645	0.92	Buy	42.64	DCF
10/10/16	DMG & Partners	43F	Acromec	0.765	0.78	Neutral	1.96
10/31/16	Lim & Tan	43F	Acromec	0.65	0	Take profit	-100.00
01/03/17	DMG & Partners	43F	Acromec	0.565	0.5	Buy	-11.50

Baltic dry index - 1464

Today, Friday, November 10 2017, the Baltic Dry Index decreased by 17 points, reaching 1464 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

=====================

Related stocks; Sembcorp Marine, Cosco & Pan Ocean

US rig count - 907

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by nine this week to 907.

That's up from the 568 rigs that were active a year ago.

Houston oilfield services company Baker Hughes said Friday that 738 rigs sought oil and 169 explored for natural gas this week.

Among major oil- and gas-producing states, Oklahoma gained six rigs, New Mexico increased by four and Alaska and Utah each gained one.

Texas lost two rigs and West Virginia decreased by one.

Arkansas, California, Colorado, Louisiana, North Dakota, Ohio, Pennsylvania and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.

==========================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Hot news! Trump released classified information about JFK assassination.

https://www.washingtonpost.com/news/retropolis/wp/2017/11/09/a-huge-trove-of-jfk-assassination-files-reveal-redacted/?utm_term=.98368406485a

https://www.poynter.org/news/media-dissects-jfk-assassination-records-dark-vietnam-war-details-emerge

It turned out that the South Vietnam killed JFK to avenge the deaths of the president of South Vietnam Ngo Dinh Diem and his brother Ngo Dinh Nhu who were murdered in a coup because the USA abandoned them.  The USA supported the South Vietnam to overthrow the Viet Cong but abandoned the South Vietnam in the end.  Therefore, the South Vietnam felt betrayed and took revenge for its President by killing the USA President JFK.

Bad karma for the USA but the USA has not learnt the lesson and is still doing the despicable act now.  The USA is still trying to dethrone any government which is not an ally of the USA.

Stock calls for 10 November 2017

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
11/10/17	CIMB	5ER	Best World	1.26	1.4	Hold	11.11	PER14.6x CY18
11/10/17	DBS Vickers	5ER	Best World	1.26	1.45	Hold	15.08	PER17x FY18
11/10/17	phillip	OU8	Centurion	0.535	0.59	Accumulate	10.28	DCF
11/10/17	Kim Eng	C09	City Developments	12.14	13.8	Buy	13.67	RNAV
11/10/17	UOB Kay Hian	C09	City Developments	12.14	11.4	Hold	-6.10	RNAV (12% discount), Buy @ $9.7
11/10/17	CIMB	C09	City Developments	12.14	13.15	Add	8.32	RNAV (20% discount)
11/10/17	DBS Vickers	C09	City Developments	12.14	14.03	Buy	15.57	RNAV, PB1.2x
11/10/17	CIMB	544	CSE Global	0.345	0.31	Reduce	-10.14	PER10x CY19
11/10/17	DBS Vickers	5ME	Ezion	0.197	0.13	Fully Valued	-34.01	PB0.15x FY17
11/10/17	DMG & Partners	F03	Food Empire	0.66	1	Buy	51.52	PER18x FY18
11/10/17	Lim & Tan	TQ5	Frasers Centrepoint Ltd	2.04	0	Buy	-100.00
11/10/17	phillip	H13	Ho Bee	2.57	2.98	Accumulate	15.95	RNAV (30% discount)
11/10/17	DBS Vickers	H78	Hongkong Land	7.32	8.93	Buy	21.99	RNAV (30% discount)
11/10/17	DBS Vickers	CJLU	Netlink	0.825	0.95	Buy	15.15
11/10/17	DBS Vickers	TS0U	OUE Commercial	0.71	0.73	Hold	2.82	DCF
11/10/17	CIMB	C2PU	Parkway Life	2.86	2.93	Hold	2.45	DDM
11/10/17	DBS Vickers	C2PU	Parkway Life	2.86	3.1	Buy	8.39
11/10/17	UOB Kay Hian	S58	SATS	4.71	6	Buy	27.39	DCF, PER24.6x FY18
11/10/17	OCBC	S58	SATS	4.71	5.05	Buy	7.22
11/10/17	CIMB	S58	SATS	4.71	4.81	Hold	2.12	PER20x CY18
11/10/17	phillip	S58	SATS	4.71	5.24	Accumulate	11.25	DCF, PER23.2x FY18
11/10/17	DMG & Partners	BHK	SIIC	0.515	0.54	Neutral	4.85	DCF
11/10/17	CIMB	Z74	Singtel	3.76	4.1	Add	9.04	Sum of parts
11/10/17	Credit Suisse	Z74	Singtel	3.76	4.7	Outperform	25.00
11/10/17	DMG & Partners	Z74	Singtel	3.76	4.1	Neutral	9.04	Sum of parts, PER16.6x FY18, EV/Ebitda15.1x FY18
11/10/17	OCBC	Z74	Singtel	3.76	4.19	Buy	11.44
11/10/17	DBS Vickers	Z74	Singtel	3.76	4.3	Buy	14.36	Sum of parts
11/10/17	UOB Kay Hian	BHQ	Sunningdale	2.15	2.51	Buy	16.74	PER11.4x FY18
11/10/17	DBS Vickers	BHQ	Sunningdale	2.15	2.7	Buy	25.58	PER13x FY18
11/10/17	Lim & Tan	U10	UOB Kay Hian	1.385	0	Buy
11/10/17	Credit Suisse	U14	UOL	8.8	9.4	Outperform	6.82
11/10/17	Kim Eng	U14	UOL	8.8	9.85	Buy	11.93	RNAV (10% discount)
11/10/17	CIMB	U14	UOL	8.8	9.62	Add	9.32	RNAV (20% discount)
11/10/17	DBS Vickers	U14	UOL	8.8	10.15	Buy	15.34	RNAV (20% discount)
11/10/17	Lim & Tan	U14	UOL	8.8	0	Buy	-100.00
11/10/17	DMG & Partners	BN2	Valuetronics	0.995	1.05	Neutral	5.53	DCF

Accordia Golf Trust - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
02/16/16	Bloomberg	ADQU	Accordia Golf Trust	0.54	0.87	Buy	61.11	Consensus target
05/20/16	DIR	ADQU	Accordia Golf Trust	0.635	0.87	Buy	37.01	DDM
05/27/16	DIR	ADQU	Accordia Golf Trust	0.65	0.89	Buy	36.92
07/01/16	DIR	ADQU	Accordia Golf Trust	0.6	0.9	Buy	50.00	DDM
10/04/16	Lim & Tan	ADQU	Accordia Golf Trust	0.675	0.77	Buy	14.07	PB0.8x
11/15/16	DIR	ADQU	Accordia Golf Trust	0.65	0.86	Buy	32.31	Cut from $0.88
02/17/17	Amfrasers	ADQU	Accordia Golf Trust	0.73	0.8	Buy	9.59	DDM
04/06/17	CIMB	ADQU	Accordia Golf Trust	0.73	0.83	Not Rated	13.70	Bloomberg consensus
04/12/17	DIR	ADQU	Accordia Golf Trust	0.73	0.85	Buy	16.44	DDM
04/17/17	Amfrasers	ADQU	Accordia Golf Trust	0.735	0.8	Buy	8.84
05/29/17	DIR	ADQU	Accordia Golf Trust	0.745	0.82	Outperform	10.07
05/30/17	Amfrasers	ADQU	Accordia Golf Trust	0.745	0.8	Buy	7.38
08/17/17	Amfrasers	ADQU	Accordia Golf Trust	0.715	0.8	Buy	11.89