Stock calls for 15 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/15/18	DBS Vickers	Ascendas India Trust	1.05	1.22	Buy
05/15/18	DBS Vickers	Best World	1.45	1.29	Fully Valued	PER15x FY18/19
05/15/18	phillip	City Developments	12.4	13.4	Accumulate	RNAV (15% discount), PB1.29x FY18
05/15/18	Lim & Tan	City Developments	12.4	15	Buy
05/15/18	UOB Kay Hian	Cityneon	1.06	1.55	Buy	PER15.4x FY18
05/15/18	CIMB	Cityneon	1.06	1.16	Hold	PER11x FY19
05/15/18	Kim Eng	Comfortdelgro	2.34	2.65	Buy
05/15/18	DBS Vickers	Ezion	0.115	0.29	Buy	PB1.4x FY18
05/15/18	CIMB	First Resources	1.61	2.03	Add	PER15x CY19
05/15/18	DMG & Partners	First Resources	1.61	1.75	Neutral	PER12x FY18
05/15/18	UOB Kay Hian	ISDN	0.21	0.365	Buy
05/15/18	DBS Vickers	Jumbo	0.56	0.58	Hold	PER23x FY18/19
05/15/18	Amfrasers	Mindchamps	0.78	0.86	Buy	PER23.2x FY18
05/15/18	OCBC	Netlink	0.815	0.91	Buy
05/15/18	OCBC	Roxy-Pacific	0.515	0.6	Buy
05/15/18	CIMB	Sarine	1.03	1.53	Add	PER17.2x CY19
05/15/18	phillip	Singapore O&G	0.38	0.42	Accumulate	PB1.82x FY18, PER23.2x
05/15/18	DBS Vickers	Singapore Post	1.37	1.55	Buy	DCF
05/15/18	CIMB	UMS	1.07	1.21	Add	PB2.81x
05/15/18	DBS Vickers	UOL	8.61	10.23	Buy

China's moves on USA pork & apple are forcing Trump to back down.

http://sg-stock.blogspot.sg/2018/05/china-is-targeting-usa-agricultural.html

http://sg-stock.blogspot.sg/2018/05/china-is-also-targeting-usa-pork-now.html

https://sg.finance.yahoo.com/news/china-says-appreciates-u-position-zte-080108847--finance.html

Trump has tweeted that he will help China ZTE to get back into the business fast.

This shows that China's moves to hurt Trump's supporters are working successfully.

Kudos to China!

Ellipsiz - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/22/17	Lim & Tan	Ellipsiz	0.665	0	Buy

EC World Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/17	Religare	EC World Reit	0.74	0.92	Buy
05/16/17	Religare	EC World Reit	0.765	0.92	Buy
04/16/18	Soochow	EC World Reit	0.735	0.88	Buy

Dyna-Mac - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/22/18	CIMB	Dyna-Mac	0.13	0.18	Add	PB1.8x CY18

Stock calls for 14 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/14/18	Phillip	800Super	1.12	1.3	Accumulate	DCF, PER19.1x FY18
05/14/18	phillip	China Everbright	0.43	0.55	Buy	PER11.4x FY18
05/14/18	OCBC	City Developments	12.53	15.78	Buy
05/14/18	DBS Vickers	City Developments	12.53	15.4	Buy
05/14/18	CIMB	City Developments	12.53	13.41	Add	RNAV (20% discount)
05/14/18	DMG & Partners	City Developments	12.53	15	Buy	RNAV (10% discount)
05/14/18	Kim Eng	City Developments	12.53	14.2	Buy
05/14/18	phillip	Comfortdelgro	2.33	2.48	Accumulate	DCF, PER17.8x FY18
05/14/18	UOB Kay Hian	Comfortdelgro	2.33	2.43	Buy	PER16.6x FY19
05/14/18	DBS Vickers	Comfortdelgro	2.33	2.12	Hold
05/14/18	OCBC	Comfortdelgro	2.33	2.5	Buy
05/14/18	CIMB	Comfortdelgro	2.33	2.37	Hold	DCF
05/14/18	DMG & Partners	Comfortdelgro	2.33	2.2	Neutral	DCF
05/14/18	CIMB	CSE Global	0.46	0.5	Add
05/14/18	DMG & Partners	Food Empire	0.67	1.07	Buy	PER18x FY18
05/14/18	DMG & Partners	Genting	1.28	1.42	Buy	DCF
05/14/18	OCBC	OUE	1.81	2.25	Buy
05/14/18	CIMB	Riverstone	1	1.28	Add
05/14/18	UOB Kay Hian	Singapore Post	1.36	1.59	Buy	Sum of parts
05/14/18	Kim Eng	Singapore Post	1.36	1.5	Buy	DCF
05/14/18	CIMB	Singapore Post	1.36	1.59	Add	DCF
05/14/18	CIMB	ST Engineering	3.39	3.8	Add	DCF & PER20x CY19
05/14/18	DBS Vickers	ST Engineering	3.39	4.1	Buy
05/14/18	DMG & Partners	ST Engineering	3.39	4.04	Buy
05/14/18	DMG & Partners	UG Healthcare	0.205	0.32	Buy	PER14x FY19
05/14/18	DBS Vickers	UMS	1.04	1.37	Buy	PER12x FY19
05/14/18	OCBC	UOL	8.72	10.63	Buy
05/14/18	CIMB	UOL	8.72	9.65	Add	RNAV (20% discount)
05/14/18	Lim & Tan	UOL	8.72	0	Buy
05/14/18	UOB Kay Hian	Wilmar	3.16	3.9	Buy	Sum of parts, PER14.5x FY18
05/14/18	DBS Vickers	Wilmar	3.16	3.65	Buy	DCF, PER14.4x FY18
05/14/18	OCBC	Wilmar	3.16	3.51	Buy
05/14/18	DMG & Partners	Wilmar	3.16	3.59	Buy	Sum of parts

Baltic dry index - 1472

Today, Friday, May 11 2018, the Baltic Dry Index climbed by 19 points, reaching 1472 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 - 1045

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. increased by 13 this week to 1,045.

At this time a year ago there were 885 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 844 rigs drilled for oil this week and 199 for gas. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Texas added eight rigs, Colorado and Oklahoma each gained three, Alaska added two and Louisiana and West Virginia each gained one.

New Mexico declined by four rigs and Wyoming lost one.

Arkansas, California, North Dakota, Ohio, Pennsylvania and Utah 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

Duty Free - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	UOB Kay Hian	Duty Free	0.37	0.57	Buy
01/13/17	UOB Kay Hian	Duty Free	0.39	0.55	Buy	DCF
01/16/17	CIMB	Duty Free	0.39	0.55	Add	DCF
04/28/17	CIMB	Duty Free	0.415	0.57	Add	DCF
04/28/17	UOB Kay Hian	Duty Free	0.415	0.49	Buy	DCF
07/14/17	UOB Kay Hian	Duty Free	0.315	0.37	Hold	DCF, Buy @ $0.3
07/14/17	CIMB	Duty Free	0.315	0.33	Hold	DCF, PER18x CY18
10/13/17	UOB Kay Hian	Duty Free	0.28	0.33	Hold	DCF, Buy @ $0.26

Dutech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/17	CIMB	Dutech	0.475	0.55	Hold	DCF
05/12/17	CIMB	Dutech	0.495	0.53	Hold	DCF CY17

Delfi - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
01/03/17	DMG & Partners	P34	Delfi	2.22	2.55	Buy	14.86
01/16/17	OCBC	P34	Delfi	2.25	2.39	Hold	6.22
02/23/17	CIMB	P34	Delfi	2.32	2.3	Hold	-0.86	PER25x CY18
02/23/17	OCBC	P34	Delfi	2.32	2.39	Hold	3.02	PER30x FY17
02/24/17	DMG & Partners	P34	Delfi	2.35	2.55	Neutral	8.51	DCF
02/24/17	OCBC	P34	Delfi	2.35	2.37	Hold	0.85	PER30x FY17
02/27/17	DBS Vickers	P34	Delfi	2.33	2.26	Hold	-3.00	PER26x FY17/18
03/17/17	OCBC	P34	Delfi	2.24	2.37	Hold	5.80
05/09/17	OCBC	P34	Delfi	2.2	2.37	Hold	7.73
05/11/17	CIMB	P34	Delfi	2.2	2.3	Hold	4.55	PER25x CY18
05/11/17	OCBC	P34	Delfi	2.2	2.21	Hold	0.45	PER30x FY17/18
06/16/17	OCBC	P34	Delfi	2.05	2.21	Hold	7.80
08/10/17	OCBC	P34	Delfi	2.12	2.08	Hold	-1.89	PER30x FY18
08/10/17	DMG & Partners	P34	Delfi	2.12	2	Neutral	-5.66	DCF
10/02/17	DMG & Partners	P34	Delfi	1.515	1.86	Buy	22.77	DCF
11/15/17	DMG & Partners	P34	Delfi	1.45	1.65	Buy	13.79	DCF
12/19/17	DBS Vickers	P34	Delfi	1.43	1.8	Buy	25.87	PER26x FY18/19
02/28/18	DMG & Partners	P34	Delfi	1.52	1.54	Neutral	1.32	DCF
05/09/18	DBS Vickers	P34	Delfi	1.48	1.8	Buy	21.62	PER26x FY18/19
05/09/18	DMG & Partners	P34	Delfi	1.48	1.54	Neutral	4.05

Stock calls for 11 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/11/18	phillip	China Aviation Oil	1.58	2	Buy	PER13.3x FY18
05/11/18	DMG & Partners	China Aviation Oil	1.58	1.8	Buy	DCF & PER12.2x FY18 & PEG1x FY18
05/11/18	Lim & Tan	Creative Tech	5.85	0	Sell
05/11/18	DBS Vickers	Cromwell Reit (EUR)	0.61	0.66	Buy	DCF
05/11/18	CIMB	Frasers Property	1.95	2.4	Add
05/11/18	UOB Kay Hian	Frencken	0.54	0.79	Buy
05/11/18	CIMB	Genting	1.16	1.4	Add	EV/Ebitda11.5x FY19
05/11/18	UOB Kay Hian	Genting	1.16	1.38	Buy	Sum of parts, EV/Ebitda10.3x FY18
05/11/18	DBS Vickers	Genting	1.16	1.49	Buy	DCF
05/11/18	OCBC	Genting	1.16	1.45	Buy	FCFE
05/11/18	Nomura	Genting	1.16	1.52	Buy
05/11/18	phillip	HMI	0.645	0.83	Buy	DCF
05/11/18	UOB Kay Hian	HMI	0.645	0.83	Buy	DCF
05/11/18	DBS Vickers	Hongkong Land	7.26	8.53	Buy
05/11/18	DBS Vickers	HRnetGroup	0.83	0.98	Buy	DCF & PER15x (ex-cash)
05/11/18	DMG & Partners	HRnetGroup	0.83	1.14	Buy	DCF
05/11/18	OCBC	OUE Commercial	0.72	0.68	Hold
05/11/18	UOB Kay Hian	SIA Engineering	3.31	4	Buy	DCF, PER20.8x FY18
05/11/18	Lim & Tan	ST Engineering	3.46	0	Buy
05/11/18	CIMB	Wilmar	3.21	4.1	Add	Sum of parts
05/11/18	UOB Kay Hian	Wilmar	3.21	4.1	Buy	Sum of parts, PER14x FY18
05/11/18	DMG & Partners	Wilmar	3.21	3.45	Buy

Why did Kim visit China again in May 2018?

http://www.scmp.com/news/china/diplomacy-defence/article/2145185/chinese-president-xi-jinping-surprise-trip-northern

There are many speculations about his intention of visiting China again so soon.

The speculations are:
Kim wants to garner support from Xi for his June meeting with Trump in Singapore.
Kim is offering concessions to China to invest in NK.
Kim is borrowing a plane from China to fly to Singapore as his own plane is too old for long distance flight.

No matter what the reason is, the significant importance is that the Korean Peninsula crisis can only be resolved through China.  The SK President understands this now and is working closely with China to mend its relationship with NK.  Upon seeing this development, Japan PM, being an opportunist, also rides on this new wave by organizing a 3-way summit (China, SK & Japan) to resolve the NK crisis.

This unfolding new situation will definitely put pressure on Trump in June in Singapore because many countries are very supportive of the latest development.

Hot news! Trump and Kim will meet in Singapore on 12 June.

Singapore will be busy preparing for this important meeting.  Security will be super tight in June.

Del Monte - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/13/17	DBS Vickers	Del Monte	0.345	0.36	Hold	PER12x FY18
03/14/17	Lim & Tan	Del Monte	0.345	0	Neutral
03/15/17	CIMB	Del Monte	0.345	0.35	Hold	PER11.3x FY17
06/29/17	DBS Vickers	Del Monte	0.34	0.36	Hold	PER12x
07/04/17	DBS Vickers	Del Monte	0.325	0.32	Hold	PER15x FY18/19
09/08/17	Lim & Tan	Del Monte	0.31	0	Hold

DBS Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	DBS	17.34	18.38	Buy
01/04/17	Kim Eng	DBS	17.32	15.68	Hold
01/05/17	Credit Suisse	DBS	17.52	18.93	Outperform
01/06/17	UOB Kay Hian	DBS	17.8	21.2	Buy	GGM, PB1.17x FY17
01/10/17	OCBC	DBS	17.85	17.83	Hold	PB1x
01/11/17	DIR	DBS	17.99	22.4	Buy
01/16/17	Jefferies	DBS	18.31	14	Underperform
01/16/17	phillip	DBS	18.31	16.85	Neutral	PB0.95x FY17
01/16/17	UBS	DBS	18.31	17.9	Neutral
02/02/17	Lim & Tan	DBS	18.88	0	Hold
02/02/17	UOB Kay Hian	DBS	18.88	21.2	Buy	GGM, PB1.17x FY17
02/03/17	CIMB	DBS	18.78	15.4	Hold
02/06/17	Macquarie	DBS	18.66	21.5	Outperform
02/16/17	Lim & Tan	DBS	18.23	0	Take profit/Sell	Buy @ $16.87
02/17/17	CIMB	DBS	18.54	17.66	Hold	GGM, PB0.99x CY17
02/17/17	Credit Suisse	DBS	18.54	19.8	Neutral
02/17/17	DIR	DBS	18.54	22.5	Buy	Warranted Equity Method, PB1.24x
02/17/17	DMG & Partners	DBS	18.54	19.8	Neutral	GGM, PB1.1x FY17
02/17/17	Kim Eng	DBS	18.54	18.13	Hold	PB1x FY17
02/17/17	phillip	DBS	18.54	16.73	Reduce	PB0.95x FY17
02/17/17	UOB Kay Hian	DBS	18.54	21.5	Buy	GGM, PB1.19x FY17
03/03/17	CIMB	DBS	19.03	17.66	Hold
03/03/17	Jefferies	DBS	19.03	16.2	Underperform
03/06/17	Macquarie	DBS	18.97	21	Outperform
03/14/17	UOB Kay Hian	DBS	19.11	21.5	Buy	GGM, PB1.19x FY17
03/21/17	Kim Eng	DBS	19.01	18.13	Hold	PB1x
04/03/17	Kim Eng	DBS	19.4	18.13	Hold
04/18/17	DIR	DBS	18.9	22.5	Buy
04/20/17	UOB Kay Hian	DBS	18.79	21.5	Buy	GGM, PB1.19x FY17
04/25/17	CIMB	DBS	19	17.66	Hold
05/02/17	Bernstein	DBS	19.35	22	Outperform
05/02/17	UBS	DBS	19.35	19.2	Neutral
05/03/17	CIMB	DBS	19.86	18.75	Hold	GGM, PB1.04x CY17
05/03/17	Credit Suisse	DBS	19.86	22.6	Outperform
05/03/17	DMG & Partners	DBS	19.86	20.5	Neutral
05/03/17	Kim Eng	DBS	19.86	19.18	Hold	PB1.1x FY18
05/03/17	Lim & Tan	DBS	19.86	0	Hold
05/03/17	phillip	DBS	19.86	17.24	Reduce	PB0.95x FY17
05/03/17	UOB Kay Hian	DBS	19.86	23.3	Buy	GGM, PB1.25x FY17
05/08/17	Macquarie	DBS	20.42	21	Outperform
05/18/17	DIR	DBS	20.8	23	Outperform
05/23/17	Jefferies	DBS	20.86	22.5	Buy	DDM
05/31/17	Macquarie	DBS	20.6	22	Outperform
06/08/17	UOB Kay Hian	DBS	20.43	23.3	Buy
06/09/17	Credit Suisse	DBS	20.47	22.6	Outperform
06/09/17	Deutsche	DBS	20.47	21	Buy	GGM, PB1.3x
06/14/17	Kim Eng	DBS	20.78	19.18	Hold	PB1.1x FY18
06/22/17	Macquarie	DBS	20.4	22.2	Outperform	PB1.22x
06/28/17	DMG & Partners	DBS	20.26	20.5	Neutral
07/03/17	Kim Eng	DBS	20.74	19.18	Hold
07/04/17	UOB Kay Hian	DBS	20.65	25.25	Buy	GGM, PB1.3x FY18
07/12/17	Credit Suisse	DBS	20.77	22.7	Outperform
08/02/17	Macquarie	DBS	21.95	22.2	Outperform	PB1.22x
08/04/17	Lim & Tan	DBS	22.08	0	Hold
08/04/17	DMG & Partners	DBS	22.08	20.65	Neutral	GGM, PB1.1x FY17
08/04/17	OCBC	DBS	22.08	22.5	Hold	Buy @ $21 or lower
08/07/17	CIMB	DBS	21.49	21.5	Hold	GGM
08/07/17	DIR	DBS	21.49	23	Outperform	Warranted Equity Method, PB1.24x
08/07/17	UOB Kay Hian	DBS	21.49	24.85	Buy	GGM, PB1.29x FY18
08/07/17	Kim Eng	DBS	21.49	19.18	Hold
08/07/17	phillip	DBS	21.49	17.92	Reduce	GGM, PB0.98x FY18
08/07/17	UBS	DBS	21.49	21.2	Neutral
08/22/17	Kim Eng	DBS	20.49	21.5	Hold	GGM, PB1x FY18
08/23/17	Deutsche	DBS	20.54	22	Hold
09/05/17	OCBC	DBS	20.35	22.4	Hold
09/12/17	DMG & Partners	DBS	20.43	20.65	Neutral	PB1x FY18
09/14/17	OCBC	DBS	20.38	22.5	Buy
09/18/17	phillip	DBS	20.06	21.45	Accumulate	GGM, PB1.2x FY17
09/18/17	Kim Eng	DBS	20.06	21.5	Hold
09/21/17	DIR	DBS	20.48	23.3	Outperform	GGM, PB1.24x
10/09/17	DIR	DBS	21.5	23.3	Outperform
10/20/17	UOB Kay Hian	DBS	21.7	24.48	Buy	GGM, PB1.27x FY17
10/20/17	phillip	DBS	21.7	25.7	Buy
11/01/17	UOB Kay Hian	DBS	22.78	24.48	Buy	GGM, PB1.27x FY18
11/06/17	DMG & Partners	DBS	22.97	20.65	Neutral
11/06/17	Lim & Tan	DBS	22.97	0	Neutral
11/07/17	Kim Eng	DBS	22.79	22.75	Hold	GGM, PB1.2x FY18
11/07/17	UOB Kay Hian	DBS	22.79	24.4	Buy	GGM, PB1.3x FY18
11/07/17	Credit Suisse	DBS	22.79	25.3	Outperform
11/07/17	DMG & Partners	DBS	22.79	21.45	Neutral	GGM, PB1.08x FY18
11/07/17	UBS	DBS	22.79	26	Buy
11/08/17	phillip	DBS	23.49	26.83	Buy	GGM, PB1.39x FY18
11/20/17	CIMB	DBS	24.13	25	Add
11/20/17	UOB Kay Hian	DBS	24.13	26.1	Buy	GGM, PB1.38x FY17
11/20/17	Credit Suisse	DBS	24.13	27.4	Outperform
11/21/17	DMG & Partners	DBS	23.86	23.33	Neutral	GGM
11/27/17	phillip	DBS	25.1	29.3	Buy	GGM, PB1.51x FY18
12/01/17	UOB Kay Hian	DBS	24.43	26.1	Buy	GGM, PB1.38x FY18
12/08/17	phillip	DBS	24.24	29.3	Buy
12/13/17	OCBC	DBS	25.2	27.4	Buy	GGM, PB1.4x
12/20/17	CIMB	DBS	24.71	25	Add
01/02/18	UOB Kay Hian	DBS	24.85	26.1	Buy	GGM, PB1.38x FY18
01/05/18	UOB Kay Hian	DBS	26.5	29.5	Buy	GGM, PB1.56x FY18
01/08/18	DMG & Partners	DBS	26.32	23.33	Neutral
01/09/18	Deutsche	DBS	26.45	27.1	Hold
01/10/18	phillip	DBS	26.51	29.3	Buy
02/01/18	OCBC	DBS	26.4	29.5	Buy	PB1.45x FY18
02/02/18	UOB Kay Hian	DBS	26.61	28.38	Buy
02/08/18	Macquarie	DBS	25.36	27.5	Outperform
02/08/18	Lim & Tan	DBS	25.36	0	Buy
02/08/18	DMG & Partners	DBS	25.36	25	Neutral	PB1.3x FY18
02/09/18	Kim Eng	DBS	26.71	29.66	Hold
02/09/18	UOB Kay Hian	DBS	26.71	30.4	Buy	GGM, PB1.62x FY18
02/09/18	CIMB	DBS	26.71	29	Add	GGM, PB1.5x FY18, PER11.6x FY19
02/12/18	phillip	DBS	26.71	29.3	Buy	GGM, PB1.58x
02/22/18	UBS	DBS	29.45	35	Buy
03/02/18	UOB Kay Hian	DBS	28.8	30.4	Buy
03/05/18	OCBC	DBS	28.41	32.53	Buy	PB1.7x
03/05/18	Credit Suisse	DBS	28.41	31.1	Outperform
03/15/18	DMG & Partners	DBS	29.12	27	Neutral	GGM, PB1.39x FY18
03/20/18	Kim Eng	DBS	28.07	29.66	Hold
03/22/18	Lim & Tan	DBS	28.4	0	Buy
04/03/18	UOB Kay Hian	DBS	27.32	30.4	Buy
04/16/18	Credit Suisse	DBS	28.42	35.5	Buy
04/19/18	UOB Kay Hian	DBS	29.36	31.08	Buy	GGM, PB1.7x FY18
04/20/18	CIMB	DBS	29.92	33	Add	GGM, PB1.7x FY18
04/30/18	DMG & Partners	DBS	30	27	Neutral
04/30/18	OCBC	DBS	30	34.6	Buy
05/02/18	phillip	DBS	30.84	32.7	Accumulate	GGM, PB1.8x FY18
05/02/18	UOB Kay Hian	DBS	30.84	35.5	Buy	GGM, PB1.82x FY19
05/02/18	DMG & Partners	DBS	30.84	29.6	Neutral	GGM, PB1.51x (ex-div)
05/02/18	CIMB	DBS	30.84	34	Add	GGM, PB1.8x FY18
05/02/18	Lim & Tan	DBS	30.84	0	Buy on weakness
05/02/18	Kim Eng	DBS	30.84	30.8	Hold	GGM, PB1.6 FY18
05/04/18	Macquarie	DBS	29.28	29.5	Neutral
05/08/18	Goldman Sachs	DBS	28.97	36	Buy	DDM

Stock calls for 10 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/10/18	DBS Vickers	APAC Realty	1.03	1.32	Buy	DCF & PER15x FY18
05/10/18	CIMB	China Aviation Oil	1.56	2.03	Add	PER12.5x FY19
05/10/18	UOB Kay Hian	China Aviation Oil	1.56	2.13	Buy	PER13.5x FY18
05/10/18	phillip	Comfortdelgro	2.34	2.5	Buy
05/10/18	UOB Kay Hian	CSE Global	0.44	0.61	Buy	PER15x FY19
05/10/18	phillip	F & N	2.08	2.75	Buy	Sum of parts
05/10/18	DBS Vickers	PACC Offshore	0.345	0.32	Hold	PB1x FY18
05/10/18	CIMB	Perennial Reit	0.86	1.18	Add	RNAV (40% discount)
05/10/18	DMG & Partners	Thai Beverage	0.83	1.06	Buy

KL-SG HSR might be aborted after Mahathir won the GE.

https://www.channelnewsasia.com/news/asia/hsr-wasted-opportunity-if-kl-singapore-high-speed-rail-cancelled-10198022

Mahathir had stated that he might terminate the KL-SG HSR if he had won the GE and he did.

Mahathir will be the new PM and he may execute what was said during his GE propaganda.

Dasin Retail - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/16/18	phillip	Dasin Retail	0.85	0.98	Buy	DDM
03/02/18	phillip	Dasin Retail	0.87	0.98	Buy	DDM