Stock calls for 20 February 2020

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/20	Amfrasers	ARA Hospitality	0.86	0.95	Outperform
02/20/20	UOB Kay Hian	ARA Hospitality	0.86	1.25	Buy
02/20/20	UOB Kay Hian	Avi-Tech	0.42	0.57	Buy
02/20/20	Amfrasers	Eagle Hospitality Trust	0.53	0.51	Neutral
02/20/20	Jefferies	Eagle Hospitality Trust	0.53	0.7	Buy
02/20/20	OCBC	Sembcorp Marine	1.24	1.24	Hold
02/20/20	Amfrasers	Thai Beverage	0.845	0.96	Outperform	Sum of parts

Keppel Pacific - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	DBS Vickers	Keppel Pacific	0.61	0.78	Buy	DCF
01/28/19	DBS Vickers	Keppel Pacific	0.68	0.8	Buy	DCF
04/03/19	DBS Vickers	Keppel Pacific	0.705	0.8	Buy
06/06/19	DBS Vickers	Keppel Pacific	0.74	0.8	Buy
06/17/19	DBS Vickers	Keppel Pacific	0.75	0.9	Buy	DCF
07/12/19	DMG & Partners	Keppel Pacific	0.79	0.88	Buy	DDM
07/18/19	DBS Vickers	Keppel Pacific	0.82	0.9	Buy
09/06/19	DMG & Partners	Keppel Pacific	0.74	0.88	Buy	DDM
09/09/19	DBS Vickers	Keppel Pacific	0.75	0.9	Buy
10/16/19	DBS Vickers	Keppel Pacific	0.76	0.9	Buy	DCF
10/16/19	DMG & Partners	Keppel Pacific	0.76	0.88	Buy	DDM
12/10/19	DMG & Partners	Keppel Pacific	0.775	0.88	Buy
01/22/20	DMG & Partners	Keppel Pacific	0.765	0.88	Buy	DDM
01/24/20	DBS Vickers	Keppel Pacific	0.785	0.9	Buy	DCF

Keppel Infrastructure - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/23/19	DBS Vickers	Keppel Infrastructure	0.515	0.58	Buy	DDM
03/15/19	Lim & Tan	Keppel Infrastructure	0.485	0	Hold
04/16/19	DBS Vickers	Keppel Infrastructure	0.48	0.58	Buy	DDM
07/16/19	DBS Vickers	Keppel Infrastructure	0.505	0.58	Buy	DDM
10/15/19	DBS Vickers	Keppel Infrastructure	0.545	0.58	Buy
01/22/20	DBS Vickers	Keppel Infrastructure	0.55	0.58	Buy	DDM

Keppel DC Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/19	Phillip	Keppel DC Reit	1.36	1.45	Accumulate
01/23/19	Phillip	Keppel DC Reit	1.44	1.52	Accumulate	DDM
01/23/19	CIMB	Keppel DC Reit	1.44	1.51	Add	DDM
01/23/19	OCBC	Keppel DC Reit	1.44	1.6	Buy
01/23/19	DBS Vickers	Keppel DC Reit	1.44	1.6	Buy	DCF
02/15/19	Phillip	Keppel DC Reit	1.45	1.52	Accumulate
03/12/19	OCBC	Keppel DC Reit	1.44	1.6	Buy
04/08/19	Amfrasers	Keppel DC Reit	1.47	1.62	Buy	DDM
04/09/19	CIMB	Keppel DC Reit	1.48	1.54	Add	DDM
04/16/19	OCBC	Keppel DC Reit	1.49	1.64	Buy
04/16/19	Lim & Tan	Keppel DC Reit	1.49	0	Hold
04/18/19	Phillip	Keppel DC Reit	1.49	1.59	Accumulate	DDM, PB1.37x FY19
05/02/19	Amfrasers	Keppel DC Reit	1.51	1.62	Buy
06/19/19	Phillip	Keppel DC Reit	1.64	1.59	Accumulate
07/10/19	CIMB	Keppel DC Reit	1.67	1.54	Add
07/17/19	OCBC	Keppel DC Reit	1.71	1.93	Buy
07/17/19	DBS Vickers	Keppel DC Reit	1.71	1.9	Buy	DCF
07/18/19	Phillip	Keppel DC Reit	1.73	1.71	Hold	DDM
07/18/19	CIMB	Keppel DC Reit	1.73	1.67	Hold	DDM
07/23/19	Amfrasers	Keppel DC Reit	1.75	1.71	Neutral
07/26/19	OCBC	Keppel DC Reit	1.71	1.93	Hold
08/26/19	Phillip	Keppel DC Reit	1.74	1.71	Neutral
09/17/19	OCBC	Keppel DC Reit	1.8	2.08	Buy	DDM
09/17/19	Amfrasers	Keppel DC Reit	1.8	1.95	Outperform
09/18/19	CIMB	Keppel DC Reit	1.93	1.82	Hold	DDM
09/19/19	Phillip	Keppel DC Reit	1.97	2	Accumulate	DDM
10/08/19	DBS Vickers	Keppel DC Reit	1.9	2.2	Buy	DCF
10/16/19	CIMB	Keppel DC Reit	1.99	1.88	Hold	DDM
10/16/19	Phillip	Keppel DC Reit	1.99	2.06	Accumulate	DDM
10/16/19	Lim & Tan	Keppel DC Reit	1.99	0	Hold
10/17/19	Amfrasers	Keppel DC Reit	2	2.11	Outperform
10/17/19	OCBC	Keppel DC Reit	2	2.08	Hold
11/25/19	Phillip	Keppel DC Reit	2.01	2.06	Accumulate
12/18/19	DBS Vickers	Keppel DC Reit	1.97	2.23	Buy	DCF
01/22/20	CIMB	Keppel DC Reit	2.25	2.03	Hold	DDM
01/23/20	DBS Vickers	Keppel DC Reit	2.22	2.4	Buy	DCF
02/04/20	DBS Vickers	Keppel DC Reit	2.27	2.4	Buy