Geo Energy - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/19	phillip	Geo Energy	0.176	0.245	Buy
02/13/19	phillip	Geo Energy	0.198	0.245	Buy
03/18/19	phillip	Geo Energy	0.183	0.245	Buy
03/25/19	phillip	Geo Energy	0.186	0.215	Accumulate	PER10x
03/26/19	Amfrasers	Geo Energy	0.182	0.19	Hold	DCF
04/26/19	phillip	Geo Energy	0.176	0.215	Accumulate
05/29/19	phillip	Geo Energy	0.148	0.15	Neutral	PER10x
06/03/19	phillip	Geo Energy	0.149	0.15	Neutral
07/04/19	phillip	Geo Energy	0.155	0.15	Neutral
08/29/19	Amfrasers	Geo Energy	0.15	0.14	Neutral	DCF
09/24/19	Amfrasers	Geo Energy	0.148	0.14	Neutral	DCF

Genting - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	DMG & Partners	Genting	0.975	1.23	Buy	DCF
01/15/19	Kim Eng	Genting	1.03	1.26	Buy	EV/Ebitda9x FY19
01/28/19	UOB Kay Hian	Genting	1.06	1.38	Buy	EV/Ebitda10x FY19
02/15/19	DMG & Partners	Genting	1.1	1.23	Buy	DCF
02/22/19	CIMB	Genting	1.11	1.28	Add	EV/Ebitda9x CY20
02/22/19	OCBC	Genting	1.11	1.31	Buy	FCFE
02/22/19	DMG & Partners	Genting	1.11	1.22	Buy	DCF
02/22/19	UOB Kay Hian	Genting	1.11	1.32	Buy
02/22/19	Kim Eng	Genting	1.11	1.26	Buy	EV/Ebitda9x FY19
02/25/19	DBS Vickers	Genting	1.07	1.54	Buy	EV/Ebitda12x
03/13/19	DMG & Partners	Genting	1.02	1.22	Buy
03/26/19	CIMB	Genting	1.03	1.28	Add
04/04/19	UOB Kay Hian	Genting	1.07	1.26	Buy	EV/Ebitda 9x
04/04/19	DMG & Partners	Genting	1.07	1.08	Neutral	DCF
04/04/19	CIMB	Genting	1.07	1.11	Add	EV/Ebitda8x
04/04/19	OCBC	Genting	1.07	1.31	Buy
04/04/19	DBS Vickers	Genting	1.07	1.54	Buy	EV/Ebitda 12x
04/04/19	Kim Eng	Genting	1.07	1.12	Hold	EV/Ebitda 8x FY19
04/04/19	Citibank	Genting	1.07	1.28	Buy
05/10/19	Kim Eng	Genting	0.95	1.04	Hold
05/10/19	OCBC	Genting	0.95	1.23	Buy
05/10/19	DMG & Partners	Genting	0.95	1.02	Neutral	DCF
05/10/19	CIMB	Genting	0.95	1.06	Add	EV/Ebitda8x CY20
05/10/19	UOB Kay Hian	Genting	0.95	1.26	Buy
05/10/19	DBS Vickers	Genting	0.95	1.2	Buy	DCF
05/10/19	Citibank	Genting	0.95	1.16	Buy
06/06/19	DMG & Partners	Genting	0.86	1.02	Neutral
06/24/19	CIMB	Genting	0.93	1.06	Add
08/05/19	DMG & Partners	Genting	0.9	0.97	Neutral	EV/Ebitda7x FY19
08/05/19	UOB Kay Hian	Genting	0.9	1.11	Buy
08/06/19	Kim Eng	Genting	0.885	0.99	Hold
08/06/19	Citibank	Genting	0.885	1.07	Buy
08/06/19	CIMB	Genting	0.885	1	Add	EV/Ebitda8x CY20
08/06/19	DBS Vickers	Genting	0.885	1.2	Buy
08/06/19	Lim & Tan	Genting	0.885	0	Hold
10/01/19	DBS Vickers	Genting	0.88	1.2	Buy
10/11/19	DMG & Partners	Genting	0.9	0.97	Neutral
10/25/19	UOB Kay Hian	Genting	0.925	1.11	Buy

Stock calls for 4 November 2019

Date	Analyst	Company	Last	Target	Call	Valuation
11/04/19	DMG & Partners	A-Reit	3.17	3	Neutral	DDM
11/04/19	OCBC	A-Reit	3.17	3.25	Hold
11/04/19	Amfrasers	AEM	1.53	1.8	Outperform	PER12x FY20
11/04/19	CIMB	ART	1.37	1.34	Hold
11/04/19	OCBC	ART	1.37	1.41	Hold
11/04/19	CIMB	CDL Hospitality	1.64	1.83	Add
11/04/19	OCBC	CDL Hospitality	1.64	1.69	Hold
11/04/19	DMG & Partners	China Aviation Oil	1.23	1.55	Buy	Sum of parts
11/04/19	CIMB	Far East Hospitality	0.735	0.7	Hold
11/04/19	OCBC	Far East Hospitality	0.735	0.68	Hold
11/04/19	UOB Kay Hian	Netlink	0.935	1.01	Buy	DCF
11/04/19	Phillip	Netlink	0.935	0.99	Accumulate
11/04/19	phillip	Sheng Siong	1.18	1.32	Accumulate	PER25x
11/04/19	Amfrasers	Sheng Siong	1.18	1.35	Outperform
11/04/19	CIMB	Sheng Siong	1.18	1.3	Add	PER22.5x CY20
11/04/19	OCBC	Sheng Siong	1.18	1.21	Hold
11/04/19	Lim & Tan	SIA Engineering	2.65	0	Hold
11/04/19	CIMB	Singapore Post	0.965	1.13	Add	DCF
11/04/19	phillip	UOB	26.57	27.8	Accumulate	GGM, PB1.3x
11/04/19	Kim Eng	UOB	26.57	30.5	Buy	DDM
11/04/19	OCBC	UOB	26.57	29.4	Buy
11/04/19	DBS Vickers	UOB	26.57	29.2	Buy	GGM, PB1.1x FY20

The US PMI is still contracting in October 2019.

The ISM PMI is in its 3rd consecutive contraction month at 48.3.

The PMI prices decreased to 45.5 because the producers reduced their imports and used more local raw materials.

The supplier's deliveries were reduced because of lower production.  However, the new order increased because of a huge jump in the export order.  The new local order decreased tremendously which showed that the local consumption was weakening drastically.  As the US economy is made up of 70% consumer consumption, this drastic drop will affect the US GDP severely.  This might also explain the reduced production as the producers were not optimistic about the US future economic growth.

The increase in customers' inventories was just to fulfill existing orders (backlog of order) and the export order but the local consumption is deteriorating rapidly which is a major concern.

The latest GDP forecast by the Atlanta FED is also showing a worrying economic sign.

The Atlanta FED is forecasting real GDP growth of 1.1% for 4th Qtr 2019 which is way below the recent 1.9% GDP growth in 3rd Qtr 2019.

Baltic dry index - 1731

Today, Thursday, October 31 2019, the Baltic Dry Index decreased by 51 points, reaching 1731 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 stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 822

Related stock: Keppel Corp, Sembcorp Marine & Cosco.

Do not take Boeing 737 because it is a flying coffin. - Part 2

https://www.channelnewsasia.com/news/business/boeing-737ng-up-to-50-planes-grounded-globally-over-cracks-12050670

Boeing 737 is really an unsafe airplane.  We had already warned our viewers in October 2019.  We cannot trust the US FAA anymore.

http://sg-stock.blogspot.com/2019/10/do-not-take-boeing-737-because-it-is.html

Fu Yu - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	DMG & Partners	Fu Yu	0.19	0.23	Buy	DCF
01/04/19	UOB Kay Hian	Fu Yu	0.186	0.27	Buy	EV/Ebitda 5.3x FY19
01/15/19	CIMB	Fu Yu	0.2	0.2	Hold	PB0.9x
02/08/19	UOB Kay Hian	Fu Yu	0.205	0.27	Buy
02/27/19	UOB Kay Hian	Fu Yu	0.21	0.285	Buy
02/27/19	Lim & Tan	Fu Yu	0.21	0	Buy
02/28/19	DMG & Partners	Fu Yu	0.215	0.24	Buy	DCF
02/28/19	CIMB	Fu Yu	0.215	0.2	Hold
03/13/19	DMG & Partners	Fu Yu	0.205	0.24	Buy
03/26/19	UOB Kay Hian	Fu Yu	0.2	0.285	Buy
04/15/19	UOB Kay Hian	Fu Yu	0.205	0.285	Buy	EV/Ebitda5.5x
05/07/19	DMG & Partners	Fu Yu	0.21	0.24	Buy	DCF
05/10/19	UOB Kay Hian	Fu Yu	0.205	0.285	Buy
05/10/19	Lim & Tan	Fu Yu	0.205	0	Buy
06/06/19	DMG & Partners	Fu Yu	0.19	0.24	Buy
06/13/19	UOB Kay Hian	Fu Yu	0.2	0.29	Buy
07/09/19	DMG & Partners	Fu Yu	0.215	0.24	Buy	DCF
07/15/19	UOB Kay Hian	Fu Yu	0.215	0.29	Buy
08/14/19	Lim & Tan	Fu Yu	0.215	0	Buy
08/14/19	DMG & Partners	Fu Yu	0.215	0.24	Buy	DCF
08/14/19	UOB Kay Hian	Fu Yu	0.215	0.285	Buy
09/11/19	DMG & Partners	Fu Yu	0.215	0.24	Buy
09/16/19	UOB Kay Hian	Fu Yu	0.23	0.285	Buy	EV/Ebitda5.7x FY19
10/02/19	DMG & Partners	Fu Yu	0.22	0.24	Buy	DCF
10/09/19	UOB Kay Hian	Fu Yu	0.225	0.285	Buy

Frencken - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/12/19	Amfrasers	Frencken	0.51	0.67	Buy	PER10x FY19
04/15/19	DBS Vickers	Frencken	0.6	0.75	Buy	PER8.5x FY19/20
04/17/19	CIMB	Frencken	0.635	0.9	Add	PER10x FY20
05/09/19	DMG & Partners	Frencken	0.615	0.82	Buy	DCF
05/10/19	DBS Vickers	Frencken	0.615	0.75	Buy	PER8.5x FY19/20
05/10/19	Lim & Tan	Frencken	0.615	0	Buy
05/10/19	CIMB	Frencken	0.615	0.9	Add
05/14/19	Amfrasers	Frencken	0.595	0.67	Buy	PER10x FY19
06/12/19	DMG & Partners	Frencken	0.625	0.82	Buy	DCF
08/13/19	DBS Vickers	Frencken	0.66	0.8	Buy
08/13/19	CIMB	Frencken	0.66	0.9	Add
08/13/19	DMG & Partners	Frencken	0.66	0.82	Buy	DCF
08/13/19	DBS Vickers	Frencken	0.66	0.8	Buy	PER8.5x
08/22/19	CIMB	Frencken	0.73	0.95	Add
08/22/19	Amfrasers	Frencken	0.73	0.81	Neutral	PER10x FY20
09/11/19	Amfrasers	Frencken	0.675	0.81	outperform	PER10x FY20
10/08/19	DMG & Partners	Frencken	0.675	0.82	Buy

Frasers Property - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/17/19	DBS Vickers	Frasers Property	1.74	1.98	Buy	RNAV (35% discount)
02/14/19	CIMB	Frasers Property	1.7	2.08	Add
02/14/19	DBS Vickers	Frasers Property	1.7	1.98	Buy	RNAV (35% discount)
03/22/19	DBS Vickers	Frasers Property	1.77	1.98	Buy	RNAV (35% discount)
04/08/19	DBS Vickers	Frasers Property	1.81	1.98	Buy
04/10/19	DBS Vickers	Frasers Property	1.84	2.3	Buy	RNAV (35% discount)
05/06/19	DBS Vickers	Frasers Property	1.89	2.3	Buy	RNAV (35% discount)
05/07/19	CIMB	Frasers Property	1.85	2.08	Add

Stock calls for 1 November 2019

Date	Analyst	Company	Last	Target	Call	Valuation
11/01/19	Kim Eng	ART	1.38	1.35	Hold	DDM
11/01/19	Amfrasers	CapitaRetail China	1.52	1.74	Outperform
11/01/19	DMG & Partners	CSE Global	0.525	0.69	Buy	DCF
11/01/19	Kim Eng	Far East Hospitality	0.73	0.8	Buy	DDM
11/01/19	Kim Eng	Frasers Hospitality Trust	0.735	0.8	Buy	DDM
11/01/19	DBS Vickers	Hi-P	1.44	1.39	Hold
11/01/19	Kim Eng	Hi-P	1.44	1.34	Sell	PB1.5x FY20
11/01/19	DBS Vickers	Ifast Corp	1.01	1.05	Hold	DDM
11/01/19	UOB Kay Hian	Japfa	0.49	0.5	Hold	Sum of parts, Buy @ $0.44
11/01/19	DBS Vickers	Japfa	0.49	0.53	Hold
11/01/19	CIMB	Japfa	0.49	0.56	Add
11/01/19	CIMB	Manulife US Reit	0.915	1.12	Add
11/01/19	UOB Kay Hian	Parkway Life	3.27	3.58	Buy	DDM
11/01/19	CIMB	Parkway Life	3.27	3.26	Hold
11/01/19	UOB Kay Hian	Sheng Siong	1.17	1.27	Hold	Buy @ $1.14
11/01/19	DMG & Partners	Sheng Siong	1.17	1.32	Buy
11/01/19	Kim Eng	Sheng Siong	1.17	1	Sell	DCF
11/01/19	DBS Vickers	Sheng Siong	1.17	1.32	Buy
11/01/19	CIMB	UOB	26.83	29.54	Add	GGM, PB1.3x
11/01/19	DMG & Partners	UOB	26.83	29.5	Buy	GGM, PB1.24x FY20
11/01/19	Lim & Tan	UOB	26.83	0	Buy on weakness

Frasers Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/28/19	DBS Vickers	Frasers Logistics	1.06	1.2	Buy	DCF
01/28/19	OCBC	Frasers Logistics	1.06	1.19	Buy
01/28/19	CIMB	Frasers Logistics	1.06	1.19	Add
02/08/19	DBS Vickers	Frasers Logistics	1.09	1.2	Buy
04/03/19	DBS Vickers	Frasers Logistics	1.16	1.2	Buy
04/30/19	OCBC	Frasers Logistics	1.18	1.2	Hold
05/02/19	CIMB	Frasers Logistics	1.18	1.21	Hold	DDM
06/28/19	OCBC	Frasers Logistics	1.19	1.2	Hold
07/04/19	OCBC	Frasers Logistics	1.23	1.2	Hold
07/04/19	Lim & Tan	Frasers Logistics	1.23	0	Hold
07/04/19	CIMB	Frasers Logistics	1.23	1.25	Hold
08/21/19	CIMB	Frasers Logistics	1.2	1.27	Add

Frasers Hospitality Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/19	Kim Eng	Frasers Hospitality Trust	0.735	0.8	Buy	DDM
02/01/19	DBS Vickers	Frasers Hospitality Trust	0.735	0.78	Buy
02/04/19	UOB Kay Hian	Frasers Hospitality Trust	0.74	0.82	Buy
05/03/19	Kim Eng	Frasers Hospitality Trust	0.745	0.85	Buy
05/03/19	DBS Vickers	Frasers Hospitality Trust	0.745	0.77	Hold	DCF
07/12/19	DBS Vickers	Frasers Hospitality Trust	0.72	0.77	Hold	DCF
10/09/19	DBS Vickers	Frasers Hospitality Trust	0.715	0.77	Hold
10/31/19	DBS Vickers	Frasers Hospitality Trust	0.735	0.78	Hold

Frasers Commercial Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/19	DBS Vickers	Frasers Commercial Trust	1.47	1.7	Buy
01/21/19	OCBC	Frasers Commercial Trust	1.45	1.56	Buy
01/21/19	CIMB	Frasers Commercial Trust	1.45	1.5	Hold	DDM
01/21/19	Lim & Tan	Frasers Commercial Trust	1.45	0	Hold
03/18/19	DMG & Partners	Frasers Commercial Trust	1.47	1.5	Neutral
04/08/19	DBS Vickers	Frasers Commercial Trust	1.47	1.7	Buy
04/24/19	DMG & Partners	Frasers Commercial Trust	1.49	1.5	Neutral	DDM
04/24/19	OCBC	Frasers Commercial Trust	1.49	1.58	Buy
04/24/19	CIMB	Frasers Commercial Trust	1.49	1.5	Hold	DDM
06/06/19	DBS Vickers	Frasers Commercial Trust	1.51	1.7	Buy
06/26/19	OCBC	Frasers Commercial Trust	1.58	1.69	Buy
06/26/19	CIMB	Frasers Commercial Trust	1.58	1.64	Add	DDM
06/27/19	DMG & Partners	Frasers Commercial Trust	1.66	1.65	Neutral	DDM
07/04/19	DMG & Partners	Frasers Commercial Trust	1.68	1.65	Neutral
07/12/19	DBS Vickers	Frasers Commercial Trust	1.65	1.7	Hold	DCF
07/22/19	OCBC	Frasers Commercial Trust	1.64	1.7	Hold
10/04/19	DBS Vickers	Frasers Commercial Trust	1.6	1.7	Hold	DCF
10/23/19	DMG & Partners	Frasers Commercial Trust	1.64	1.65	Neutral	DDM
10/24/19	OCBC	Frasers Commercial Trust	1.65	1.76	Hold
10/24/19	CIMB	Frasers Commercial Trust	1.65	1.71	Add	DDM

Stock calls for 31 October 2019

Date	Analyst	Company	Last	Target	Call	Valuation
10/31/19	UOB Kay Hian	ART	1.4	1.66	Buy	DDM
10/31/19	DMG & Partners	CDL Hospitality	1.63	1.78	Buy	DDM
10/31/19	Kim Eng	CDL Hospitality	1.63	1.8	Buy	DDM
10/31/19	UOB Kay Hian	CDL Hospitality	1.63	2.05	Buy
10/31/19	CIMB	CSE Global	0.525	0.68	Buy
10/31/19	DBS Vickers	Delfi	0.995	1.49	Buy	PER23.7x FY20
10/31/19	UOB Kay Hian	Far East Hospitality	0.71	0.86	Buy
10/31/19	DBS Vickers	Far East Hospitality	0.71	0.8	Buy
10/31/19	DBS Vickers	Frasers Hospitality Trust	0.735	0.78	Hold
10/31/19	OCBC	Mapletree North Asia	1.27	1.43	Buy
10/31/19	Lim & Tan	Parkway Life	3.24	0	Hold
10/31/19	DBS Vickers	Singapore Post	0.96	0.96	Hold

APEC summit is cancelled!

https://sg.finance.yahoo.com/news/chiles-apec-cancellation-raises-hurdle-002610187.html

The APEC summit in Chile is cancelled because of its ongoing violent protests.

Shall we support the Chilean protests? Fight for freedom in Chile! Fight for democracy in Chile! Hahaha!

The US GDP growth declined to 1.9%.

https://sg.news.yahoo.com/us-economy-grows-modest-1-123602190.html

The US GDP growth slowed to 1.9% but this would still be an optimistic number in the face of the consecutive declines in its PMI.

https://sg-stock.blogspot.com/2019/10/ism-pmi-declined-to-478-in-september.html

We don't want to accuse the US of fudging its GDP number but the declining PMI numbers are showing a more dire strait situation.

Anyway, let's put this aside and look at another thing that most media omit.

https://sg-stock.blogspot.com/2019/07/the-us-china-trade-war-impacts-on-both_27.html

China GDP growth - 3rd Qtr: 6%
US GDP growth - 3rd Qtr: 1.9%

China has grown its GDP by US$0.82T (6% of GDP US$13.6T) this quarter but the US is only growing at US$0.39T (1.9% of GDP US$20.5T).  In other words, China is growing at twice the US growth rate in absolute terms.

The FED has cut rates as we had predicted.

https://finance.yahoo.com/news/wrapup-4-u-fed-cuts-180003179.html

The US FED has cut rates to 1.5-1.75% and will remain on hold for now.  This means there won't be any further cut anymore in 2019.

We had anticipated such a rate cut in our previous post with our own analysis.

http://sg-stock.blogspot.com/2019/10/the-us-fed-will-cut-rates-again-in.html

The UK has started to withdraw its support for the Hong Kong protest.

http://sg-stock.blogspot.com/2019/10/the-hong-kong-protestors-have-just.html

As stated in our previous post, the HK protestors will start to lose the western support.

The UK knows that it cannot support the HK protests anymore because it has its own Brexit protest now.  Although the Brexit protest is still peaceful, it may escalate into a violent protest in the future and the UK police will have some difficulty to do a violent crackdown on its own violent protest if the UK government keeps supporting the violent protests in HK.  The UK also doesn't want the HK protestors to support the Brexit protest after they showed support for the Catalan protestors.

The US will also withdraw its support for the HK protestors if the US has a protest.  There may be an impeachment protest in the US since Nancy Pelosi is putting her political life at stake by spearheading the President's impeachment.

There are few protests going on in the west now.

Chile
Spain (Catalan)
UK (Brexit)
France (Yellow vest)

Frasers Centrepoint Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/17/19	Kim Eng	Frasers Centrepoint Trust	2.27	2.55	Buy	DDM
01/22/19	Lim & Tan	Frasers Centrepoint Trust	2.26	0	Hold
01/22/19	OCBC	Frasers Centrepoint Trust	2.26	2.5	Buy
01/23/19	Phillip	Frasers Centrepoint Trust	2.27	2.21	Neutral	DDM, PB1.09x FY19
01/23/19	DBS Vickers	Frasers Centrepoint Trust	2.27	2.4	Buy
01/28/19	UOB Kay Hian	Frasers Centrepoint Trust	2.29	2.32	Buy
01/28/19	CIMB	Frasers Centrepoint Trust	2.29	2.35	Add	DDM
02/15/19	Phillip	Frasers Centrepoint Trust	2.24	2.21	Neutral
02/28/19	Kim Eng	Frasers Centrepoint Trust	2.3	2.55	Buy
03/01/19	OCBC	Frasers Centrepoint Trust	2.29	2.5	Buy
03/01/19	DBS Vickers	Frasers Centrepoint Trust	2.29	2.4	Buy	DCF
03/14/19	DBS Vickers	Frasers Centrepoint Trust	2.26	2.6	Buy
03/18/19	DMG & Partners	Frasers Centrepoint Trust	2.28	2.19	Neutral
04/03/19	DBS Vickers	Frasers Centrepoint Trust	2.38	2.6	Buy
04/04/19	Kim Eng	Frasers Centrepoint Trust	2.36	2.6	Buy
04/24/19	Lim & Tan	Frasers Centrepoint Trust	2.36	0	Buy
04/25/19	DMG & Partners	Frasers Centrepoint Trust	2.36	2.19	Neutral	DDM
04/25/19	OCBC	Frasers Centrepoint Trust	2.36	2.61	Buy	DDM
04/26/19	Phillip	Frasers Centrepoint Trust	2.37	2.31	Neutral	DDM
05/17/19	OCBC	Frasers Centrepoint Trust	2.45	2.61	Buy
05/17/19	DMG & Partners	Frasers Centrepoint Trust	2.45	2.25	Neutral
05/17/19	CIMB	Frasers Centrepoint Trust	2.45	2.55	Add	DDM
05/21/19	Kim Eng	Frasers Centrepoint Trust	2.4	2.6	Buy
05/23/19	UOB Kay Hian	Frasers Centrepoint Trust	2.41	2.71	Buy
05/24/19	Phillip	Frasers Centrepoint Trust	2.44	2.36	Neutral	DDM
06/06/19	DMG & Partners	Frasers Centrepoint Trust	2.52	2.25	Neutral
06/10/19	UOB Kay Hian	Frasers Centrepoint Trust	2.52	2.71	Buy
06/19/19	Phillip	Frasers Centrepoint Trust	2.61	2.36	Neutral
06/21/19	UOB Kay Hian	Frasers Centrepoint Trust	2.55	2.72	Buy
06/24/19	DBS Vickers	Frasers Centrepoint Trust	2.54	2.85	Buy
06/24/19	Amfrasers	Frasers Centrepoint Trust	2.54	2.33	Neutral	DDM
06/25/19	Kim Eng	Frasers Centrepoint Trust	2.59	2.6	Buy
07/04/19	DMG & Partners	Frasers Centrepoint Trust	2.64	2.25	Neutral
07/12/19	DBS Vickers	Frasers Centrepoint Trust	2.64	2.95	Buy
07/16/19	UOB Kay Hian	Frasers Centrepoint Trust	2.62	2.72	Buy
07/22/19	Phillip	Frasers Centrepoint Trust	2.65	2.36	Neutral
07/24/19	UOB Kay Hian	Frasers Centrepoint Trust	2.65	2.66	Hold	DDM, Buy @ $2.42
07/24/19	Kim Eng	Frasers Centrepoint Trust	2.65	2.8	Buy	DDM
07/24/19	OCBC	Frasers Centrepoint Trust	2.65	2.69	Hold
07/24/19	CIMB	Frasers Centrepoint Trust	2.65	2.79	Add	DDM
07/24/19	Lim & Tan	Frasers Centrepoint Trust	2.65	0	Hold
07/26/19	Amfrasers	Frasers Centrepoint Trust	2.63	2.51	Neutral
07/29/19	Phillip	Frasers Centrepoint Trust	2.68	2.77	Accumulate	DDM
08/22/19	CIMB	Frasers Centrepoint Trust	2.68	2.79	Add
08/26/19	Phillip	Frasers Centrepoint Trust	2.68	2.77	Accumulate
08/30/19	CIMB	Frasers Centrepoint Trust	2.74	2.9	Add	DDM
08/30/19	DMG & Partners	Frasers Centrepoint Trust	2.74	2.55	Neutral	DDM
09/19/19	Kim Eng	Frasers Centrepoint Trust	2.7	2.8	Buy
09/24/19	Phillip	Frasers Centrepoint Trust	2.71	2.77	Accumulate
10/02/19	DBS Vickers	Frasers Centrepoint Trust	2.7	2.95	Buy
10/18/19	Phillip	Frasers Centrepoint Trust	2.77	2.77	Accumulate
10/24/19	DMG & Partners	Frasers Centrepoint Trust	2.72	2.55	Neutral	DDM
10/24/19	OCBC	Frasers Centrepoint Trust	2.72	2.75	Hold
10/24/19	UOB Kay Hian	Frasers Centrepoint Trust	2.72	3.05	Buy
10/24/19	Lim & Tan	Frasers Centrepoint Trust	2.72	0	Hold
10/25/19	Phillip	Frasers Centrepoint Trust	2.75	3.11	Accumulate	DDM