Stock calls for 2 February 2021

Date	Analyst	Company	Last	Target	Call	Valuation
02/02/21	Phillip	ART	1.04	1.17	Buy	DDM
02/02/21	Lim & Tan	Bukit Sembawang	4.12	5.57	Buy	RNAV
02/02/21	Macquarie	DBS	25.24	25.8	Neutral
02/02/21	UOB Kay Hian	First Resources	1.55	1.85	Buy
02/02/21	DBS Vickers	Frasers Centrepoint Trust	2.58	3	Buy
02/02/21	OCBC	Mapletree Industrial	2.85	3.51	Buy
02/02/21	UOB Kay Hian	Micro-Mechanics	3.75	2.87	Sell
02/02/21	Macquarie	OCBC	10.37	10.44	Neutral
02/02/21	CIMB	SATS	3.85	4.3	Add	DDM
02/02/21	DBS Vickers	SATS	3.85	4.5	Buy
02/02/21	DBS Vickers	SPH Reit	0.83	0.8	Hold
02/02/21	OCBC	Starhill	0.535	0.53	Hold
02/02/21	Macquarie	UOB	23.55	26.6	Outperform
02/02/21	DMG & Partners	Venture	19.82	22.6	Buy	PER19x FY21

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/12/20	Phillip	Micro-Mechanics	1.88	1.6	Reduce	PER15x FY20
04/27/20	Phillip	Micro-Mechanics	1.64	1.6	Neutral
04/29/20	UOB Kay Hian	Micro-Mechanics	1.7	1.82	Hold	Buy @ $1.55
06/24/20	Lim & Tan	Micro-Mechanics	1.78	0	Buy on weakness
08/31/20	Lim & Tan	Micro-Mechanics	2.07	0	Buy on weakness
09/07/20	Phillip	Micro-Mechanics	2.2	2.5	Buy	PER18x FY21
09/18/20	UOB Kay Hian	Micro-Mechanics	2.28	2.01	Hold	EV/Ebitda9.1x, Buy @ $1.70
10/02/20	Lim & Tan	Micro-Mechanics	2.3	0	Hold
11/02/20	Phillip	Micro-Mechanics	2.66	2.93	Accumulate	PER18x FY21, Ex-cash
02/01/21	Lim & Tan	Micro-Mechanics	3.64	0	Hold

Mermaid - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/20	Amfrasers	Mermaid	0.07	0.085	Neutral	Sum of parts

Medtecs - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/08/20	DBS Vickers	Medtecs	0.905	1.3	Buy	PER9.5x FY21/22

Stock calls for 1 February 2021

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/21	DBS Vickers	CapitaRetail China	1.38	1.55	Buy
02/01/21	DBS Vickers	CDL Hospitality	1.23	1.35	Buy
02/01/21	CIMB	CDL Hospitality	1.23	1.24	Hold
02/01/21	DMG & Partners	CDL Hospitality	1.23	1.25	Neutral
02/01/21	DBS Vickers	Hutchison Port	0.205	0.27	Buy	DCF
02/01/21	Phillip	Keppel Corp	5.01	6.12	Buy	Sum of parts (10% discount), PB1x FY21
02/01/21	Phillip	Keppel DC Reit	2.98	3.2	Accumulate	DDM
02/01/21	CIMB	Mapletree Commercial	2.07	2.26	Hold	Up from $1.88
02/01/21	OCBC	Mapletree Commercial	2.07	2.28	Hold
02/01/21	UOB Kay Hian	Mapletree Industrial	2.87	3.45	Buy	DDM
02/01/21	Lim & Tan	Mapletree Industrial	2.87	0	Accumulate
02/01/21	CIMB	Mapletree Industrial	2.87	3.03	Hold	DDM
02/01/21	CIMB	Mapletree North Asia	0.98	1.15	Add	DDM
02/01/21	Lim & Tan	Micro-Mechanics	3.64	0	Hold
02/01/21	UOB Kay Hian	SIA Engineering	1.9	1.64	Sell
02/01/21	DBS Vickers	SIA Engineering	1.9	1.8	Hold	Sum of parts
02/01/21	CIMB	Starhill	0.525	0.66	Add	DDM