CapitaRetail China (CRCT) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	CapitaRetail China	1.415	1.69	Buy
02/04/16	OCBC	CapitaRetail China	1.46	1.48	Hold
02/05/16	DBS Vickers	CapitaRetail China	1.43	1.69	Buy
02/05/16	DIR	CapitaRetail China	1.43	1.34	Hold	DDM
02/10/16	JP Morgan	CapitaRetail China	1.435	1.65	Overweight	Cut from $1.85
02/10/16	Phillip	CapitaRetail China	1.435	1.68	Buy	DDM
04/14/16	DBS Vickers	CapitaRetail China	1.455	1.69	Buy
04/14/16	DIR	CapitaRetail China	1.455	1.4	Hold
04/14/16	OCBC	CapitaRetail China	1.455	1.48	Hold
04/15/16	Phillip	CapitaRetail China	1.475	1.55	Accumulate	DDM
06/17/16	OCBC	CapitaRetail China	1.495	1.43	Hold
07/18/16	Phillip	CapitaRetail China	1.61	1.55	Accumulate	DDM
07/27/16	JP Morgan	CapitaRetail China	1.61	1.7	Overweight
07/27/16	Lim & Tan	CapitaRetail China	1.61	0	Hold
07/28/16	DBS Vickers	CapitaRetail China	1.555	1.6	Hold
07/28/16	DIR	CapitaRetail China	1.555	1.4	Underperform	DDM
07/28/16	OCBC	CapitaRetail China	1.555	1.51	Hold	DDM
08/16/16	DBS Vickers	CapitaRetail China	1.545	1.6	Hold
08/19/16	JP Morgan	CapitaRetail China	1.605	1.75	Overweight
08/19/16	Lim & Tan	CapitaRetail China	1.605	0	Hold
08/22/16	DIR	CapitaRetail China	1.6	1.45	Underperform	DDM
08/22/16	OCBC	CapitaRetail China	1.6	1.67	Buy
08/23/16	DBS Vickers	CapitaRetail China	1.61	1.65	Hold	DCF
08/23/16	Phillip	CapitaRetail China	1.61	1.62	Accumulate	DDM
10/03/16	OCBC	CapitaRetail China	1.615	1.67	By
10/14/16	DIR	CapitaRetail China	1.565	1.45	Underperform	DDM
10/14/16	Phillip	CapitaRetail China	1.565	1.62	Accumulate	DDM
10/26/16	DBS Vickers	CapitaRetail China	1.56	1.6	Hold	DCF
10/26/16	OCBC	CapitaRetail China	1.56	1.6	Hold	DDM
11/08/16	DIR	CapitaRetail China	1.455	1.35	Underperform	DDM
11/08/16	JP Morgan	CapitaRetail China	1.455	1.55	Overweight
12/01/16	DBS Vickers	CapitaRetail China	1.38	1.6	Buy	DCF
01/27/17	DIR	CapitaRetail China	1.41	1.29	Underperform	DDM
01/27/17	OCBC	CapitaRetail China	1.41	1.56	Buy
01/31/17	DBS Vickers	CapitaRetail China	1.41	1.6	Buy	DCF
01/31/17	Phillip	CapitaRetail China	1.41	1.44	Hold	DDM
02/17/17	JP Morgan	CapitaRetail China	1.42	1.55	Overweight
03/15/17	OCBC	CapitaRetail China	1.415	1.56	Buy
04/18/17	DIR	CapitaRetail China	1.475	1.29	Underperform
04/24/17	OCBC	CapitaRetail China	1.515	1.58	Buy
04/25/17	DBS Vickers	CapitaRetail China	1.495	1.68	Buy	DCF
04/25/17	DIR	CapitaRetail China	1.495	1.31	Underperform	DDM
04/25/17	Phillip	CapitaRetail China	1.495	1.44	Neutral	DDM
07/12/17	OCBC	CapitaRetail China	1.61	1.58	Hold
07/28/17	DIR	CapitaRetail China	1.63	1.21	Underperform	DDM
07/28/17	OCBC	CapitaRetail China	1.63	1.55	Hold
07/28/17	DBS Vickers	CapitaRetail China	1.63	1.7	Buy
07/31/17	Phillip	CapitaRetail China	1.645	1.64	Neutral	DDM
08/17/17	DBS Vickers	CapitaRetail China	1.585	1.7	Buy	DCF
09/15/17	OCBC	CapitaRetail China	1.62	1.59	Hold
10/24/17	OCBC	CapitaRetail China	1.685	1.61	Hold
10/24/17	DBS Vickers	CapitaRetail China	1.685	1.8	Buy	DCF, PB1.07x
10/25/17	Phillip	CapitaRetail China	1.66	1.64	Neutral	DDM

Capitamall Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	UOB Kay Hian	Capitamall Trust	1.91	2.05	Hold	Buy @ $1.74
01/08/16	DBS Vickers	Capitamall Trust	1.91	2.05	Buy	DCF
01/22/16	OCBC	Capitamall Trust	1.96	2.1	Buy
01/25/16	CIMB	Capitamall Trust	1.965	2.15	Add	DDM
01/25/16	DIR	Capitamall Trust	1.965	2.12	Outperform	DDM
01/25/16	Kim Eng	Capitamall Trust	1.965	1.66	Sell	Yield 6.75%
01/26/16	Deutsche	Capitamall Trust	1.965	2.05	Buy
02/02/16	DMG & Partners	Capitamall Trust	2	2.29	Buy
02/25/16	Deutsche	Capitamall Trust	2.06	2.1	Hold
03/03/16	DIR	Capitamall Trust	3.07	2.18	Hold	DDM
03/03/16	OCBC	Capitamall Trust	3.07	2.1	Hold
03/07/16	CIMB	Capitamall Trust	2.17	2.15	Hold	DDM
03/17/16	DMG & Partners	Capitamall Trust	2.1	2.37	Buy	DDM
03/18/16	Lim & Tan	Capitamall Trust	2.13	0	Hold
03/24/16	Deutsche	Capitamall Trust	2.17	2.1	Hold
03/28/16	UOB Kay Hian	Capitamall Trust	2.14	2.05	Hold
04/05/16	Deutsche	Capitamall Trust	2.1	2.1	Hold
04/13/16	Kim Eng	Capitamall Trust	2.12	1.97	Sell	Yield 5.7%
04/18/16	CIMB	Capitamall Trust	2.17	2.15	Hold	DDM
04/18/16	Credit Suisse	Capitamall Trust	2.17	2.22	Outperform
04/18/16	DBS Vickers	Capitamall Trust	2.17	2.2	Hold
04/18/16	DMG & Partners	Capitamall Trust	2.17	2.37	Buy	DDM
04/18/16	OCBC	Capitamall Trust	2.17	2.1	Hold
04/19/16	DIR	Capitamall Trust	2.16	2.18	Hold	DDM
04/27/16	UOB Kay Hian	Capitamall Trust	2.14	2.05	Hold
05/17/16	Deutsche	Capitamall Trust	2.06	2.1	Hold
05/17/16	Kim Eng	Capitamall Trust	2.06	1.97	Sell
06/22/16	DMG & Partners	Capitamall Trust	2.02	2.36	Buy
07/01/16	DBS Vickers	Capitamall Trust	2.13	2.2	Hold
07/04/16	DMG & Partners	Capitamall Trust	2.17	2.37	Buy
07/18/16	UOB Kay Hian	Capitamall Trust	2.16	2.24	Hold
07/19/16	Credit Suisse	Capitamall Trust	2.18	2.32	Outperform
07/22/16	Lim & Tan	Capitamall Trust	2.22	0	Hold
07/25/16	CIMB	Capitamall Trust	2.2	2.2	Hold	DDM
07/25/16	Credit Suisse	Capitamall Trust	2.2	2.3	Neutral
07/25/16	DIR	Capitamall Trust	2.2	2.27	Hold	DDM
07/25/16	Kim Eng	Capitamall Trust	2.2	2.1	Hold
07/25/16	OCBC	Capitamall Trust	2.2	2.23	Hold	DDM
07/25/16	UOB Kay Hian	Capitamall Trust	2.2	2.18	Sell	DDM, Buy @ $1.90
07/26/16	DBS Vickers	Capitamall Trust	2.15	2.23	Hold
07/26/16	Deutsche	Capitamall Trust	2.15	2.1	Hold
08/01/16	UOB Kay Hian	Capitamall Trust	2.14	2.18	Hold
08/16/16	DBS Vickers	Capitamall Trust	2.18	2.23	Hold
08/16/16	Deutsche	Capitamall Trust	2.18	2.2	Hold
08/31/16	Credit Suisse	Capitamall Trust	2.14	2.3	Neutral
08/31/16	Lim & Tan	Capitamall Trust	2.14	0	Buy
09/08/16	Lim & Tan	Capitamall Trust	2.18	0	Hold
09/22/16	DBS Vickers	Capitamall Trust	2.1	2.25	Buy	DCF
10/14/16	DIR	Capitamall Trust	2.11	2.27	Hold	DDM
10/24/16	CIMB	Capitamall Trust	2.11	2.2	Hold	DDM
10/24/16	Credit Suisse	Capitamall Trust	2.11	2.3	Neutral
10/24/16	DBS Vickers	Capitamall Trust	2.11	2.25	Buy
11/16/16	Deutsche	Capitamall Trust	1.9	2.1	Hold
11/22/16	DIR	Capitamall Trust	1.885	2.12	Outperform	DDM
11/22/16	Lim & Tan	Capitamall Trust	1.885	0	Buy
12/02/16	DMG & Partners	Capitamall Trust	1.93	2.36	Buy
12/06/16	Kim Eng	Capitamall Trust	1.94	2.1	Hold
12/07/16	Deutsche	Capitamall Trust	1.94	2.1	Hold
12/09/16	UOB Kay Hian	Capitamall Trust	1.96	1.95	Hold
01/09/17	DBS Vickers	Capitamall Trust	1.97	2.25	Buy	DCF
01/12/17	HSBC	Capitamall Trust	2.01	2.25	Buy
01/20/17	Lim & Tan	Capitamall Trust	1.97	0	Hold
01/23/17	CIMB	Capitamall Trust	1.985	1.98	Hold	DDM
01/23/17	Credit Suisse	Capitamall Trust	1.985	2.25	Neutral
01/23/17	DBS Vickers	Capitamall Trust	1.985	2.17	Buy	DCF, PB1.17x
01/23/17	DIR	Capitamall Trust	1.985	2.16	Outperform	DDM
01/23/17	DMG & Partners	Capitamall Trust	1.985	2.07	Neutral	DDM
01/23/17	OCBC	Capitamall Trust	1.985	2.2	Buy
02/09/17	Credit Suisse	Capitamall Trust	1.97	2.25	Neutral
02/28/17	Deutsche	Capitamall Trust	1.965	2.1	Hold
03/07/17	UOB Kay Hian	Capitamall Trust	1.935	1.95	Hold
03/10/17	DMG & Partners	Capitamall Trust	1.925	2.07	Neutral
03/24/17	DIR	Capitamall Trust	1.945	2.16	Outperform	DDM
03/24/17	Lim & Tan	Capitamall Trust	1.945	0	Buy
04/04/17	DBS Vickers	Capitamall Trust	1.97	2.17	Buy	DCF
04/07/17	DMG & Partners	Capitamall Trust	1.965	2.07	Neutral
04/11/17	UOB Kay Hian	Capitamall Trust	1.975	1.95	Hold
04/18/17	DIR	Capitamall Trust	2	2.16	Outperform	DDM
04/21/17	CIMB	Capitamall Trust	2.01	2.05	Hold	DDM
04/21/17	Credit Suisse	Capitamall Trust	2.01	2.25	Neutral
04/21/17	OCBC	Capitamall Trust	2.01	2.2	Buy
05/25/17	Deutsche	Capitamall Trust	1.985	2.15	Buy
05/25/17	UOB Kay Hian	Capitamall Trust	1.985	2.04	Hold
06/05/17	OCBC	Capitamall Trust	1.955	2.2	Buy
06/06/17	DIR	Capitamall Trust	1.95	2.16	Outperform
06/09/17	Deutsche	Capitamall Trust	1.94	2.15	Buy	RNAV & DDM
06/12/17	Phillip	Capitamall Trust	1.925	2.01	Neutral	DDM
06/16/17	DBS Vickers	Capitamall Trust	1.94	2.17	Buy
06/22/17	Deutsche	Capitamall Trust	1.945	2.15	Buy
07/04/17	DMG & Partners	Capitamall Trust	1.965	2.07	Neutral
07/21/17	Lim & Tan	Capitamall Trust	2	0	Hold
07/24/17	OCBC	Capitamall Trust	2.03	2.2	Buy
07/24/17	DIR	Capitamall Trust	2.03	2.2	Outperform	DDM
07/24/17	Phillip	Capitamall Trust	2.03	2.01	Neutral	DDM, PB1x
07/24/17	UOB Kay Hian	Capitamall Trust	2.03	2.04	Hold	DDM
07/24/17	CIMB	Capitamall Trust	2.03	2.11	Hold	DDM
07/24/17	DBS Vickers	Capitamall Trust	2.03	2.17	Buy
07/24/17	DMG & Partners	Capitamall Trust	2.03	2.08	Neutral
08/04/17	OCBC	Capitamall Trust	2.02	2.2	Buy
08/07/17	DBS Vickers	Capitamall Trust	2.02	2.19	Buy
08/25/17	Credit Suisse	Capitamall Trust	2.13	2.32	Outperform
09/13/17	Credit Suisse	Capitamall Trust	2.11	2.32	Outperform
09/21/17	DMG & Partners	Capitamall Trust	2.05	2.08	Neutral
10/23/17	Phillip	Capitamall Trust	2.04	2.01	Neutral	DDM, PB1x
10/23/17	UOB Kay Hian	Capitamall Trust	2.04	2.04	Hold	DDM
10/23/17	Credit Suisse	Capitamall Trust	2.04	2.3	Outperform
10/23/17	OCBC	Capitamall Trust	2.04	2.2	Buy
10/23/17	CIMB	Capitamall Trust	2.04	2.15	Hold	DDM
10/23/17	DBS Vickers	Capitamall Trust	2.04	2.19	Buy
10/23/17	Lim & Tan	Capitamall Trust	2.04	0	Hold	Buy @ $1.90
10/24/17	DMG & Partners	Capitamall Trust	2.06	2.08	Neutral	DDM

Stock calls for 29 November 2017

Date	Analyst	Company	Last	Target	Call	Valuation
11/29/17	DMG & Partners	Dairy Farm	8.31	9.53	Buy
11/29/17	OCBC	Keppel Corp	7.74	8.41	Buy
11/29/17	DBS Vickers	Manulife US Reit	0.865	0.99	Buy
11/29/17	Phillip	Nam Lee	0.395	0.56	Buy	DCF, PER11.1x FY18, PB0.96x FY18
11/29/17	DMG & Partners	Raffles Medical	1.06	1.1	Neutral
11/29/17	DMG & Partners	Sheng Siong	0.95	0.98	Neutral
11/29/17	UOB Kay Hian	Tuan Sing	0.415	0.71	Buy	Sum of parts

Japan eateries are coming into Singapore.

https://sg.style.yahoo.com/24-hour-japanese-discount-store-don-don-donki-open-orchard-central-1-dec-10am-034620438.html

http://www.channelnewsasia.com/news/singapore/japanese-food-court-to-open-at-changi-airport-terminal-2-on-nov-9366048

Do you dare to eat imported Japanese food when the USA FDA deems it to be unsafe for consumption?

http://sg-stock.blogspot.sg/2017/11/is-japan-food-safe-for-consumption-part.html

Food & Drug Administration (FDA) is in charge of Food & Drug safety in the USA.

When Japan cannot export its food to the USA, it is exporting to SG, Taiwan and other Asian countries.

North Korea fired an ICBM but the US and Japan didn't do anything to intercept.

https://sg.news.yahoo.com/north-korea-fires-ballistic-missile-u-government-sources-192352938.html

The USA and Japan didn't intercept the ICBM fired by the North Korea.

Why?

This was because the ICBM flew beyond the altitudes of THAAD and other missiles defence system.

China will deploy its latest DF-41 ICBM in 2018.

http://en.people.cn/n3/2017/1128/c90000-9297997.html

DF-41 can strike anywhere because it has 12,000km range and can carry 10 maneuverable nuclear warheads at supersonic speed of Mach 25.

https://en.wikipedia.org/wiki/DF-41

The USA THAAD system is useless against such ICBMs because of the high maneuverability and supersonic speed.

Singapore GST could rise by 2% in 2018 budget.

https://sg.news.yahoo.com/singapores-gst-rise-2-percentage-points-budget-2018-dbs-092915686.html

This 2% increase in GST is projected by our largest market capitalization company on SGX, DBS.

I guess DBS is making this projection on the premise of PM Lee's speech earlier.

No wonder PM Lee was prepping SG for tax increases in our previous post as he had already made the tax decision.

http://sg-stock.blogspot.sg/2017/11/singapore-government-is-going-to.html

Capitaland - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	Capitaland	3.14	3.73	Buy	RNAV (25% discount)
01/08/16	Deutsche	Capitaland	3.14	3.95	Buy
01/08/16	Nomura	Capitaland	3.14	4.05	Buy
01/14/16	Kim Eng	Capitaland	3.12	3.71	Buy	RNAV (22% discount), PB0.9x
01/18/16	CIMB	Capitaland	3.07	4.06	Add
01/21/16	UOB Kay Hian	Capitaland	2.97	4.08	Buy
02/16/16	Credit Suisse	Capitaland	2.89	3.5	Neutral
02/17/16	Lim & Tan	Capitaland	2.9	0	Buy
02/18/16	CIMB	Capitaland	2.86	4.05	Add	RNAV (20% discount)
02/18/16	DBS Vickers	Capitaland	2.86	3.7	Hold	RNAV (25% discount)
02/18/16	DMG & Partners	Capitaland	2.86	3.64	Buy	RNAV (30% discount)
02/18/16	Kim Eng	Capitaland	2.86	3.71	Buy	RNAV (22% discount)
02/18/16	Macquarie	Capitaland	2.86	3.92	Outperform
02/18/16	OCBC	Capitaland	2.86	3.68	Buy
02/18/16	UOB Kay Hian	Capitaland	2.86	4.08	Buy	RNAV (20% discount)
02/19/16	DMG & Partners	Capitaland	2.91	3.15	Neutral	RNAV (30% discount)
02/25/16	Deutsche	Capitaland	2.86	3.95	Buy	RNAV (40% discount)
02/29/16	DIR	Capitaland	2.94	3.93	Buy	Sum of parts (20% discount)
03/08/16	Lim & Tan	Capitaland	3.13	0	Buy on weakness	Buy @ $3
03/10/16	Kim Eng	Capitaland	3.1	3.83	Buy	RNAV (22% discount)
03/15/16	CIMB	Capitaland	3.14	4.05	Add
03/16/16	DBS Vickers	Capitaland	3.13	3.7	Buy
03/17/16	DMG & Partners	Capitaland	3.14	3.15	Neutral
03/24/16	Deutsche	Capitaland	3.14	3.95	Buy	RNAV (35.8% discount)
03/28/16	UOB Kay Hian	Capitaland	3.09	4.08	Buy	RNAV (20% discount)
04/04/16	Kim Eng	Capitaland	3.02	3.83	Buy
04/18/16	CIMB	Capitaland	3.13	4.05	Add
04/18/16	DBS Vickers	Capitaland	3.13	3.7	Buy
04/20/16	Kim Eng	Capitaland	3.22	3.95	Buy	RNAV (20% discount)
04/20/16	Lim & Tan	Capitaland	3.22	0	Buy
04/20/16	OCBC	Capitaland	3.22	3.68	Buy
04/21/16	CIMB	Capitaland	3.17	4.07	Add	RNAV (20% discount)
04/21/16	Credit Suisse	Capitaland	3.17	3.5	Neutral
04/21/16	DIR	Capitaland	3.17	3.94	Buy	Sum of parts (20% discount)
04/21/16	Macquarie	Capitaland	3.17	3.92	Outperform	RNAV
04/21/16	UOB Kay Hian	Capitaland	3.17	4.08	Buy	RNAV (20% discount)
05/17/16	CIMB	Capitaland	2.99	4.07	Add
05/24/16	Credit Suisse	Capitaland	2.96	3.5	Neutral
05/24/16	Lim & Tan	Capitaland	2.96	0	Buy
06/02/16	Lim & Tan	Capitaland	2.98	0	Buy
06/07/16	DIR	Capitaland	3.04	3.96	Buy	Sum of parts (20% discount)
06/08/16	UOB Kay Hian	Capitaland	3.08	4.08	Buy
06/09/16	CIMB	Capitaland	3.09	4.07	Add
06/09/16	Kim Eng	Capitaland	3.09	3.95	Buy
06/13/16	OCBC	Capitaland	3.03	3.68	Buy
06/15/16	DMG & Partners	Capitaland	2.96	3.15	Neutral
06/17/16	DBS Vickers	Capitaland	2.96	3.7	Buy
06/30/16	Kim Eng	Capitaland	3.01	3.93	Buy	RNAV (21% discount)
07/05/16	OCBC	Capitaland	3.05	3.68	Buy
07/07/16	UOB Kay Hian	Capitaland	2.99	4.05	Buy
07/13/16	Lim & Tan	Capitaland	3.03	0	Buy
07/18/16	CIMB	Capitaland	3.09	4.07	Add
07/26/16	Deutsche	Capitaland	3.18	4.05	Buy
08/04/16	JP Morgan	Capitaland	3.15	3.65	Overweight
08/04/16	OCBC	Capitaland	3.15	3.68	Buy
08/04/16	UBS	Capitaland	3.15	4.1	Buy
08/05/16	CIMB	Capitaland	3.18	4.17	Add	RNAV (20% discount)
08/05/16	Credit Suisse	Capitaland	3.18	3.5	Neutral
08/05/16	DIR	Capitaland	3.18	3.97	Buy	Sum of parts (20% discount)
08/05/16	Lim & Tan	Capitaland	3.18	0	Buy
08/05/16	Macquarie	Capitaland	3.18	3.9	Outperform	RNAV
08/05/16	UOB Kay Hian	Capitaland	3.18	4.05	Buy	RNAV (20% discount)
08/08/16	DBS Vickers	Capitaland	3.22	3.6	Buy
09/02/16	Credit Suisse	Capitaland	3.07	3.5	Neutral
09/02/16	OCBC	Capitaland	3.07	3.68	Buy
09/09/16	Kim Eng	Capitaland	3.2	3.93	Buy
09/16/16	CIMB	Capitaland	3.1	4.17	Add
09/16/16	DBS Vickers	Capitaland	3.1	3.6	Buy
09/23/16	Nomura	Capitaland	3.13	4.05	Buy
09/28/16	Lim & Tan	Capitaland	3.17	0	Buy
10/05/16	Kim Eng	Capitaland	3.19	3.93	Buy
10/18/16	CIMB	Capitaland	3.12	4.17	Add
10/18/16	DBS Vickers	Capitaland	3.12	3.6	Buy
11/09/16	Lim & Tan	Capitaland	3.06	0	Buy
11/09/16	OCBC	Capitaland	3.06	3.68	Buy
11/10/16	CIMB	Capitaland	3.03	4.17	Add	RNAV (20% discount)
11/10/16	Credit Suisse	Capitaland	3.03	3.5	Neutral
11/10/16	DBS Vickers	Capitaland	3.03	3.6	Buy	RNAV (25% discount)
11/10/16	DIR	Capitaland	3.03	3.84	Buy	Sum of parts (20% discount)
11/10/16	Kim Eng	Capitaland	3.03	4.06	Buy	RNAV (21% discount)
11/10/16	UBS	Capitaland	3.03	3.65	Buy
11/10/16	UOB Kay Hian	Capitaland	3.03	4.05	Buy	RNAV (20% discount)
12/01/16	DIR	Capitaland	3.08	3.84	Buy	Sum of parts (20% discount)
12/02/16	DMG & Partners	Capitaland	3.08	3.15	Neutral
12/05/16	OCBC	Capitaland	3.07	3.68	Buy
12/06/16	CIMB	Capitaland	3.08	4.17	Add	RNAV (20% discount)
12/06/16	Kim Eng	Capitaland	3.08	3.46	Buy
12/07/16	Deutsche	Capitaland	3.1	4.05	Buy
12/07/16	Lim & Tan	Capitaland	3.1	0	Buy
12/12/16	JP Morgan	Capitaland	3.1	3.65	Overweight
12/13/16	UOB Kay Hian	Capitaland	3.11	4.05	Buy
01/03/17	UOB Kay Hian	Capitaland	3.02	4.05	Buy
01/09/17	DBS Vickers	Capitaland	3.09	3.6	Buy	RNAV (25% discount)
01/10/17	Lim & Tan	Capitaland	3.09	0	Buy
01/11/17	Credit Suisse	Capitaland	3.14	3.5	Neutral
01/11/17	Kim Eng	Capitaland	3.14	3.46	Buy
01/12/17	CIMB	Capitaland	3.15	4.17	Add
01/17/17	DMG & Partners	Capitaland	3.15	3.15	Neutral
01/17/17	Lim & Tan	Capitaland	3.15	0	Buy
01/18/17	CIMB	Capitaland	3.14	4.15	Add	RNAV (20% discount)
01/19/17	OCBC	Capitaland	3.12	3.68	Buy
02/02/17	Macquarie	Capitaland	3.37	4.22	Outperform	RNAV (20% discount)
02/15/17	Lim & Tan	Capitaland	3.46	0	Buy
02/15/17	OCBC	Capitaland	3.46	3.68	Buy
02/16/17	CIMB	Capitaland	3.49	4.19	Add	RNAV (20% discount)
02/16/17	Credit Suisse	Capitaland	3.49	3.8	Neutral
02/16/17	DIR	Capitaland	3.49	3.82	Outperform	RNAV (20% discount)
02/16/17	Macquarie	Capitaland	3.49	4.32	Outperform
02/16/17	UOB Kay Hian	Capitaland	3.49	4.05	Buy	RNAV (20% discount)
02/17/17	DBS Vickers	Capitaland	3.45	3.85	Buy	RNAV (20% discount)
02/27/17	Kim Eng	Capitaland	3.63	3.66	Hold
03/01/17	DMG & Partners	Capitaland	3.64	3.6	Hold	RNAV (25% discount)
03/02/17	UOB Kay Hian	Capitaland	3.6	4.05	Buy
03/03/17	DIR	Capitaland	3.65	3.82	Outperform	RNAV (20% discount)
03/13/17	CIMB	Capitaland	3.7	4.19	Add
03/13/17	Kim Eng	Capitaland	3.7	3.66	Hold
03/13/17	UOB Kay Hian	Capitaland	3.7	4.3	Buy
03/14/17	UBS	Capitaland	3.69	3.65	Buy
03/16/17	Kim Eng	Capitaland	3.65	3.7	Hold
03/27/17	DMG & Partners	Capitaland	3.69	3.84	Neutral	RNAV (20% discount)
03/28/17	Lim & Tan	Capitaland	3.64	4.15	Buy
03/29/17	OCBC	Capitaland	3.66	3.68	Buy
03/30/17	OCBC	Capitaland	3.68	3.93	Buy
04/04/17	Lim & Tan	Capitaland	3.67	0	Buy
04/18/17	CIMB	Capitaland	3.64	4.19	Add	RNAV (20% discount)
04/27/17	Credit Suisse	Capitaland	3.72	3.8	Neutral
04/27/17	DBS Vickers	Capitaland	3.72	4.33	Buy	RNAV (10% discount)
04/27/17	DIR	Capitaland	3.72	3.9	Outperform	RNAV (20% discount)
04/27/17	DMG & Partners	Capitaland	3.72	3.84	Neutral	RNAV (20% discount)
04/27/17	Macquarie	Capitaland	3.72	4.32	Outperform
04/27/17	Phillip	Capitaland	3.72	4.19	Accumulate	RNAV
04/27/17	UOB Kay Hian	Capitaland	3.72	4.3	Buy	RNAV (15% discount)
05/17/17	DBS Vickers	Capitaland	3.5	4.33	Buy
05/17/17	Deutsche	Capitaland	3.5	4.5	Buy
05/17/17	UOB Kay Hian	Capitaland	3.5	4.3	Buy
05/23/17	DIR	Capitaland	3.51	3.9	Outperform	Sum of parts (20% discount)
05/29/17	Kim Eng	Capitaland	3.52	3.75	Hold	RNAV (29% discount)
06/02/17	DIR	Capitaland	3.58	3.93	Outperform	Sum of parts (20% discount)
06/02/17	Lim & Tan	Capitaland	3.58	0	Buy
06/05/17	DBS Vickers	Capitaland	3.62	4.33	Buy	RNAV (10% discount)
06/05/17	OCBC	Capitaland	3.62	4.07	Buy
06/07/17	DMG & Partners	Capitaland	3.59	3.84	Neutral	RNAV (20% discount)
06/09/17	Deutsche	Capitaland	3.62	4.5	Buy	Sum of parts
06/14/17	DBS Vickers	Capitaland	3.62	4.07	Buy
06/16/17	CIMB	Capitaland	3.55	4.19	Add
06/16/17	Kim Eng	Capitaland	3.55	3.75	Hold
06/16/17	Lim & Tan	Capitaland	3.55	0	Buy
07/03/17	Lim & Tan	Capitaland	3.5	0	Buy
07/04/17	CIMB	Capitaland	3.5	4.19	Add	RNAV (20% discount)
07/06/17	Kim Eng	Capitaland	3.54	3.75	Hold	RNAV (29% discount)
07/07/17	Macquarie	Capitaland	3.5	4.18	Outperform
07/07/17	DBS Vickers	Capitaland	3.5	4.33	Buy	RNAV (10% discount)
07/07/17	OCBC	Capitaland	3.5	4.07	Buy
08/01/17	DBS Vickers	Capitaland	3.69	4.33	Buy	RNAV (10% discount)
08/03/17	Kim Eng	Capitaland	3.76	3.75	Hold
08/04/17	Macquarie	Capitaland	3.74	4.18	Outperform
08/04/17	UOB Kay Hian	Capitaland	3.74	4.3	Buy	RNAV (15% discount)
08/04/17	Phillip	Capitaland	3.74	4.19	Accumulate	RNAV (20% discount)
08/04/17	Credit Suisse	Capitaland	3.74	3.9	Neutral	RNAV (20% discount)
08/04/17	DMG & Partners	Capitaland	3.74	3.9	Neutral	RNAV (20% discount)
08/04/17	Kim Eng	Capitaland	3.74	3.75	Hold	RNAV (29% discount)
08/04/17	CIMB	Capitaland	3.74	4.21	Add	RNAV (20% discount)
08/04/17	DBS Vickers	Capitaland	3.74	4.35	Buy	RNAV (10% discount)
08/04/17	Deutsche	Capitaland	3.74	4.6	Buy
08/23/17	Lim & Tan	Capitaland	3.73	0	Buy
09/05/17	CIMB	Capitaland	3.72	4.21	Add
09/07/17	Lim & Tan	Capitaland	3.7	0	Buy
09/08/17	OCBC	Capitaland	3.71	4.13	Buy
09/12/17	DBS Vickers	Capitaland	3.7	4.35	Buy
09/18/17	UOB Kay Hian	Capitaland	3.64	4.3	Buy
09/25/17	Kim Eng	Capitaland	3.61	3.75	Hold
09/29/17	DIR	Capitaland	3.55	3.94	Outperform
10/03/17	CIMB	Capitaland	3.64	4.21	Add
10/06/17	Lim & Tan	Capitaland	3.7	0	Buy
10/20/17	Deutsche	Capitaland	3.72	4.6	Buy
11/08/17	OCBC	Capitaland	3.72	4.13	Buy
11/08/17	Kim Eng	Capitaland	3.72	3.75	Hold	RNAV (30% discount)
11/09/17	CIMB	Capitaland	3.64	4.25	Add
11/09/17	UOB Kay Hian	Capitaland	3.64	4.3	Buy	RNAV (15% discount)
11/09/17	Credit Suisse	Capitaland	3.64	3.9	Neutral
11/09/17	DMG & Partners	Capitaland	3.64	3.9	Neutral	RNAV (20% discount)
11/09/17	CIMB	Capitaland	3.64	4.25	Add	RNAV (20% discount)
11/09/17	DBS Vickers	Capitaland	3.64	4.35	Buy	RNAV (10% discount)
11/13/17	Phillip	Capitaland	3.58	4.19	Accumulate	RNAV (20% discount)
11/17/17	Lim & Tan	Capitaland	3.53	0	Buy
11/27/17	Macquarie	Capitaland	3.57	4.5	Outperform