UOB Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/02/19	phillip	UOB	25.42	32.5	Buy
04/02/19	DBS Vickers	UOB	25.42	29.2	Buy
04/11/19	CIMB	UOB	26.56	29	Add
04/12/19	Kim Eng	UOB	26.53	29.71	Buy
04/18/19	phillip	UOB	26.87	32.02	Buy	GGM, PB1.4x FY19
04/22/19	DMG & Partners	UOB	26.8	29.8	Buy
04/24/19	DMG & Partners	UOB	26.99	30.8	Buy	PB1.29x FY20
05/03/19	phillip	UOB	27.75	32.5	Buy
05/03/19	DMG & Partners	UOB	27.75	30.8	Buy	GGM, PB1.29x FY20
05/03/19	DBS Vickers	UOB	27.75	29.2	Buy	GGM, PB1.2x FY19
05/03/19	CIMB	UOB	27.75	29	Add	GGM
05/03/19	Citibank	UOB	27.75	28.6	Hold
05/06/19	Jefferies	UOB	27.77	31	Buy	PER12.4x FY19
05/06/19	OCBC	UOB	27.77	28.9	Hold	GGM, PB1.2x
05/06/19	phillip	UOB	27.77	30.87	Accumulate	GGM, PB1.4x FY19
05/06/19	CIMB	UOB	27.77	29.58	Add	GGM, PB1.3x
05/06/19	Lim & Tan	UOB	27.77	0	Buy on weakness
05/07/19	OCBC	UOB	25.85	27.3	Hold
05/16/19	CIMB	UOB	25.1	29.58	Add	GGM
05/22/19	Kim Eng	UOB	24.83	28.97	Buy
06/03/19	CIMB	UOB	23.5	29.58	Add
06/06/19	phillip	UOB	24	30.9	Accumulate
06/06/19	DMG & Partners	UOB	24	30.8	Buy
06/17/19	Kim Eng	UOB	24.99	28.97	Buy
06/20/19	OCBC	UOB	26.14	28.9	Buy
06/25/19	DBS Vickers	UOB	25.86	29.2	Buy
07/01/19	Kim Eng	UOB	26.13	28.97	Buy
07/02/19	OCBC	UOB	26.61	29.4	Buy	GGM, PB1.3x, PER11.3x
07/03/19	phillip	UOB	26.55	30.9	Accumulate
07/08/19	DMG & Partners	UOB	26.26	30.8	Buy	PB1.29x FY20
07/22/19	CIMB	UOB	26.94	29.58	Add
07/23/19	DBS Vickers	UOB	26.8	29.2	Buy
08/02/19	DMG & Partners	UOB	26.28	29.5	Buy	GGM, PB1.24x FY20
08/02/19	Lim & Tan	UOB	26.28	0	Buy on weakness
08/02/19	Jefferies	UOB	26.28	30	Buy
08/05/19	phillip	UOB	26	28.6	Accumulate	GGM, PB1.3x
08/05/19	DBS Vickers	UOB	26	29.2	Buy	GGM, PB1.2x FY19
08/05/19	Kim Eng	UOB	26	29.13	Buy	DDM
08/06/19	CIMB	UOB	25.91	29.58	Add	GGM, PB1.3x
08/20/19	CIMB	UOB	25.15	29.54	Add
08/29/19	Macquarie	UOB	24.41	27.2	Neutral	PB
09/02/19	CIMB	UOB	24.96	29.54	Add
09/05/19	phillip	UOB	25.1	28.6	Accumulate
09/11/19	DMG & Partners	UOB	25.77	29.5	Buy
09/11/19	Citibank	UOB	25.77	28.6	Buy
09/26/19	Kim Eng	UOB	25.38	29.13	Buy
09/26/19	Jefferies	UOB	25.38	29.5	Buy
10/01/19	DBS Vickers	UOB	25.66	29.2	Buy
10/02/19	DMG & Partners	UOB	25.9	29.5	Buy
10/04/19	phillip	UOB	25.33	28.6	Accumulate
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
11/01/19	Citibank	UOB	26.83	27.5	Hold
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
12/02/19	CIMB	UOB	25.82	29.1	Add
12/02/19	Kim Eng	UOB	25.82	30.5	Buy
12/03/19	DBS Vickers	UOB	25.77	29.2	Buy
12/03/19	DMG & Partners	UOB	25.77	29.5	Buy
12/04/19	phillip	UOB	25.54	27.8	Accumulate
01/08/20	CIMB	UOB	26.7	29.1	Add
01/08/20	DMG & Partners	UOB	26.7	29.5	Buy
02/03/20	DBS Vickers	UOB	25.66	29.2	Buy
02/04/20	DMG & Partners	UOB	25.3	25.8	Neutral	GGM, PB1.11x FY20
02/24/20	phillip	UOB	25.68	27.8	Accumulate	GGM, PB1.2x FY20
02/24/20	DMG & Partners	UOB	25.68	25.2	Neutral	GGM, PB1.07x FY20
02/24/20	DBS Vickers	UOB	25.68	27.2	Buy	GGM, PB1.1x FY20
02/24/20	Citibank	UOB	25.68	26	Hold
02/24/20	Jefferies	UOB	25.68	27	Hold
03/02/20	DBS Vickers	UOB	24.48	27.2	Buy
03/04/20	Citibank	UOB	24.27	24.4	Hold
03/05/20	DBS Vickers	UOB	24	25.5	Hold	GGM, PB1x FY20
03/05/20	CIMB	UOB	24	24.91	Hold
03/05/20	OCBC	UOB	24	26.3	Hold	GGM, PB1.2x
03/09/20	Citibank	UOB	23.2	19.3	Sell
03/10/20	phillip	UOB	21.5	27.8	Accumulate
03/10/20	Jefferies	UOB	21.5	27	Hold
03/17/20	DBS Vickers	UOB	19.45	19	Hold	GGM, PB0.8x FY20
03/17/20	Jefferies	UOB	19.45	23	Hold
03/19/20	Macquarie	UOB	19.2	22.5	Outperform
03/19/20	Jefferies	UOB	19.2	19.5	Hold
03/23/20	DMG & Partners	UOB	18.96	20	Neutral	GGM, PB0.85x FY20
04/01/20	DBS Vickers	UOB	19.45	19	Hold
04/01/20	Jefferies	UOB	19.45	19.5	Hold
04/01/20	Citibank	UOB	19.45	19.3	Sell
04/08/20	Kim Eng	UOB	20.15	22.55	Buy
04/13/20	phillip	UOB	20.17	27.8	Accumulate
04/23/20	DBS Vickers	UOB	19.6	17.5	Hold	GGM, PB0.7x FY21
04/24/20	Macquarie	UOB	19.57	21.25	Outperform
05/06/20	Macquarie	UOB	19.9	21.25	Outperform
05/06/20	Lim & Tan	UOB	19.9	0	Buy
05/06/20	DMG & Partners	UOB	19.9	19.4	Neutral	GGM, PB0.83x FY20
05/08/20	DBS Vickers	UOB	19.88	17.5	Hold	GGM, PB0.7x FY21
05/08/20	Citi Research	UOB	19.88	18	Sell
05/11/20	phillip	UOB	19.9	20.7	Accumlate	GGM, PB0.9x FY20
05/11/20	Kim Eng	UOB	19.9	22.42	Buy
05/11/20	CIMB	UOB	19.9	19.04	Hold
05/14/20	OCBC	UOB	19.69	21.5	Hold	PB1x
06/01/20	DBS Vickers	UOB	19.5	17.5	Hold
06/08/20	phillip	UOB	22	20.7	Neutral
06/08/20	Citi Research	UOB	22	25	Buy
06/08/20	Lim & Tan	UOB	22	0	Hold
06/11/20	Macquarie	UOB	23.1	23	Neutral
06/18/20	DMG & Partners	UOB	21.03	19.4	Neutral

Unusual - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/17/19	DMG & Partners	Unusual	0.28	0.42	Buy	DCF
10/15/19	DMG & Partners	Unusual	0.27	0.42	Buy	DCF
11/19/19	DMG & Partners	Unusual	0.295	0.42	Buy	DCF
11/20/19	UOB Kay Hian	Unusual	0.305	0.44	Buy
12/05/19	DMG & Partners	Unusual	0.27	0.42	Buy	DCF
12/13/19	UOB Kay Hian	Unusual	0.28	0.44	Buy
01/08/20	DMG & Partners	Unusual	0.285	0.42	Buy
01/09/20	UOB Kay Hian	Unusual	0.275	0.44	Buy
02/12/20	DMG & Partners	Unusual	0.2	0.38	Buy	DCF
02/14/20	DMG & Partners	Unusual	0.21	0.35	Buy	DCF
02/14/20	UOB Kay Hian	Unusual	0.21	0.32	Buy
04/06/20	DMG & Partners	Unusual	0.126	0.16	Buy	DCF
05/28/20	UOB Kay Hian	Unusual	0.135	0.123	Hold	Buy @ $0.111
06/11/20	DMG & Partners	Unusual	0.133	0.16	Buy	DCF

Stock calls for 23 June 2020

Date	Analyst	Company	Last	Target	Call	Valuation
06/23/20	DMG & Partners	A-Reit	3.13	3	Neutral
06/23/20	DMG & Partners	ARA Logistics	0.57	0.64	Buy
06/23/20	DMG & Partners	CapitaCommercial	1.73	1.7	Neutral
06/23/20	DMG & Partners	Capitamall Trust	2	2.03	Neutral
06/23/20	DMG & Partners	CDL Hospitality	1.09	1.03	Neutral
06/23/20	DMG & Partners	EC World Reit	0.7	0.76	Buy
06/23/20	DMG & Partners	Frasers Centrepoint Trust	2.39	2.07	Neutral
06/23/20	DMG & Partners	Ireit	0.735	0.83	Buy
06/23/20	DMG & Partners	Keppel Reit	1.13	1.07	Neutral
06/23/20	DMG & Partners	Manulife US Reit	0.76	0.9	Buy
06/23/20	Lim & Tan	PanUnited	0.315	0	Hold
06/23/20	DBS Vickers	Starhub	1.31	1.37	Hold	DCF
06/23/20	DMG & Partners	Suntec Reit	1.45	1.78	Buy
06/23/20	CIMB	UG Healthcare	0.785	1.36	Buy	PER15x CY21
06/23/20	Kim Eng	UMS	0.945	1	Buy	PB1x FY20

United Engineers - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/25/19	Lim & Tan	United Engineers	2.66	0	Sell
12/27/19	Lim & Tan	United Engineers	2.69	0	Accept offer	Cash offer @ $2.70

Uni-Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/09/19	Amfrasers	Uni-Asia	1.16	1.86	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19
05/17/19	Amfrasers	Uni-Asia	1.13	1.86	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19
08/28/19	Amfrasers	Uni-Asia	0.73	1.24	Buy	Sum of parts, PB0.6x FY20, PER8.5x FY20
09/26/19	Amfrasers	Uni-Asia	0.71	1.24	Buy	Sum of parts, PB0.6x FY20, PER8.5x FY20
12/03/19	Amfrasers	Uni-Asia	0.73	1.24	Outperform	Sum of parts, PB0.6x FY20, PER8.5x FY20
03/12/20	Amfrasers	Uni-Asia	0.56	0.62	Neutral

UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/14/19	DBS Vickers	UMS	0.615	0.55	Fully Valued	PER8x FY19
05/16/19	DBS Vickers	UMS	0.64	0.45	Fully Valued	PER8x FY19/20
05/21/19	CIMB	UMS	0.62	0.55	Reduce
08/16/19	DBS Vickers	UMS	0.585	0.49	Fully Valued	PER9x FY20
08/16/19	CIMB	UMS	0.585	0.55	Hold	PB1.24x FY19
10/24/19	DBS Vickers	UMS	0.705	0.87	Buy	PER12x FY20
10/25/19	CIMB	UMS	0.74	0.67	Hold	PB1.4x FY20
11/13/19	DBS Vickers	UMS	0.81	1	Buy	PER13x FY20
11/29/19	DBS Vickers	UMS	0.89	1.08	Buy	PER14x FY20
12/05/19	Kim Eng	UMS	0.95	1.13	Buy	PB2.2x FY20
01/03/20	Kim Eng	UMS	1.08	1.13	Buy	PB2.2x FY20
01/24/20	DBS Vickers	UMS	0.98	1.16	Buy	PER14.9x FY20
02/04/20	CIMB	UMS	0.925	0.96	Hold	GGM, PB1.93x FY20
02/11/20	Kim Eng	UMS	0.94	1.13	Buy
02/26/20	CIMB	UMS	0.965	1.08	Add	GGM, PB2.16x FY20
02/26/20	DBS Vickers	UMS	0.965	1.12	Buy	PER15x FY20
03/10/20	Kim Eng	UMS	0.81	1.13	Buy	PB2.3x FY20
03/30/20	Kim Eng	UMS	0.635	0.96	Buy	PB2x FY20
04/02/20	DBS Vickers	UMS	0.62	0.77	Buy
04/20/20	Kim Eng	UMS	0.78	0.96	Buy
05/04/20	Amfrasers	UMS	0.82	0.67	Underperform	PER11x FY20
05/11/20	CIMB	UMS	0.795	0.98	Add
05/14/20	DBS Vickers	UMS	0.94	1.04	Buy	PER13x FY20
05/14/20	Kim Eng	UMS	0.94	0.96	Buy	Roe-g/Coe-g
05/21/20	Amfrasers	UMS	0.915	0.74	Underperform

Stock calls for 22 June 2020

Date	Analyst	Company	Last	Target	Call	Valuation
06/22/20	UOB Kay Hian	Frencken	0.86	1.15	Buy
06/22/20	CIMB	Ifast Corp	1.31	1.65	Add	Sum of parts
06/22/20	phillip	Sheng Siong	1.54	0	Hold
06/22/20	DBS Vickers	Valuetronics	0.58	0.53	Hold	PER9.4x
06/22/20	Phillip	Yoma	0.245	0.46	Buy	Sum of parts (20% discount)

No money, no honey for Hong Kong!

https://sg.news.yahoo.com/hong-kong-unions-students-fail-012434300.html

Without foreign funding, the HK organizers cannot even get 9,000 supporters.  Hahaha!

Where were those 1-2 million protestors from last year?  All went missing and hiding?

The hard truth speaks for itself now.

The latest US unemployment data is a fudge. - Part 2

https://www.bbc.com/news/business-53096716

The latest US jobless claims have debunked the recent euphoric US employment data.

https://sg-stock.blogspot.com/2020/06/the-latest-us-unemployment-data-is-fudge.html

We've stated that the US employment data was a fudge because the US manipulated the data.  We've been proven right again with the latest US jobless claims.  The US cannot keep fudging its employment data when the US jobless claims are showing otherwise.

Baltic dry index - 1555

Today, Friday, June 19 2020, the Baltic Dry Index climbed by 28 points, reaching 1555 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 - 967

Related stock: Keppel Corp, Sembcorp Marine & Cosco

The IMF has finally agreed with our US economic assessment for Q2.

https://www.channelnewsasia.com/news/business/imf-says-deeper-than-expected-contraction-in-us-economy-likely-in-second-quarter-12849538

We had stated that the US Q2 economic growth would be worse than Q1 by analyzing the ISM PMI data in April 2020.  We are right again in our analysis.

http://sg-stock.blogspot.com/2020/05/the-us-ism-pmi-in-april-had-worsened.html

The IMF has concurred with our previous assessment now.

UG Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/07/19	DMG & Partners	UG Healthcare	0.18	0.32	Buy	PER10x FY20
08/28/19	DMG & Partners	UG Healthcare	0.18	0.3	Buy	PER11x FY20
02/18/20	Lim & Tan	UG Healthcare	0.25	0	Buy on weakness
02/21/20	DMG & Partners	UG Healthcare	0.235	0.33	Buy	PER9.2x FY21

Tuan Sing - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/16/20	DBS Vickers	Tuan Sing	0.235	0.38	Buy	Sum of parts

Top Glove - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/17/19	UOB Kay Hian	Top Glove	1.48	1.34	Hold	Ringgit target $4.10, Buy @ $3.70
06/27/19	Kim Eng	Top Glove	1.62	1.59	Hold	Ringgit target $4.85
03/20/20	Kim Eng	Top Glove	1.9	2.08	Buy	Ringgit target $6.32, PER30x CY21
03/20/20	UOB Kay Hian	Top Glove	1.9	1.99	Hold	Ringgit target $6.05, Buy @ $5.50
03/20/20	CIMB	Top Glove	1.9	2.24	Add	Ringgit target $6.80
03/27/20	DBS Vickers	Top Glove	2.02	1.99	Hold	Ringgit target $6.05
05/14/20	CIMB	Top Glove	3.08	3.41	Add	Ringgit target $10.40, PER32x CY21
05/14/20	Kim Eng	Top Glove	3.08	3.59	Buy	Ringgit target $10.95, PER30x CY21
05/27/20	CIMB	Top Glove	4.42	5.37	Add	Ringgit target $15.50, PER36.8x CY21
05/27/20	UOB Kay Hian	Top Glove	4.42	6.05	Buy	Ringgit target $17.50
05/29/20	Kim Eng	Top Glove	4.62	6.52	Buy	Ringgit target $20, PER23x CY21
06/10/20	Kim Eng	Top Glove	5.7	6.52	Buy	Ringgit target $20, PER23x CY21
06/10/20	CIMB	Top Glove	5.7	8.14	Add	Ringgit target $25, PER22x CY21
06/12/20	Kim Eng	Top Glove	5.56	7.13	Buy	Ringgit target $21.9, PER23x CY21
06/12/20	UOB Kay Hian	Top Glove	5.56	7.13	Buy	Ringgit target $21.90

Stock calls for 19 June 2020

Date	Analyst	Company	Last	Target	Call	Valuation
06/19/20	UOB Kay Hian	Singapore Post	0.775	0.8	Hold	Sum of parts, Buy @ $0.7
06/19/20	DMG & Partners	ST Engineering	3.41	3.9	Buy

Tianjin Zhongxin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/19	UOB Kay Hian	Tianjin Zhongxin	0.915	1.7	Buy	PER13.6x FY19
05/02/19	UOB Kay Hian	Tianjin Zhongxin	0.985	1.7	Buy
06/14/19	UOB Kay Hian	Tianjin Zhongxin	0.885	1.7	Buy
08/15/19	UOB Kay Hian	Tianjin Zhongxin	0.795	1.4	Buy
04/20/20	Lim & Tan	Tianjin Zhongxin	0.67	0	Accumulate
04/21/20	UOB Kay Hian	Tianjin Zhongxin	0.715	1.35	Buy	PER10.5x FY20

Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/19	DMG & Partners	Thai Beverage	0.825	0.92	Buy
05/13/19	Phillip	Thai Beverage	0.825	0.83	Neutral	Sum of parts
05/13/19	CIMB	Thai Beverage	0.825	0.94	Add
05/13/19	UOB Kay Hian	Thai Beverage	0.825	0.85	Hold	Sum of parts, Buy @ $0.76
05/13/19	DMG & Partners	Thai Beverage	0.825	0.92	Buy	Sum of parts
05/13/19	OCBC	Thai Beverage	0.825	0.88	Hold
05/13/19	DBS Vickers	Thai Beverage	0.825	0.91	Buy	Sum of parts
05/14/19	Amfrasers	Thai Beverage	0.765	0.75	Hold
05/28/19	OCBC	Thai Beverage	0.805	0.86	Hold
06/06/19	DMG & Partners	Thai Beverage	0.84	0.92	Buy	Sum of parts, PER23x
06/06/19	JP Morgan	Thai Beverage	0.84	0.88	Overweight
06/06/19	DBS Vickers	Thai Beverage	0.84	0.91	Buy
06/06/19	Amfrasers	Thai Beverage	0.885	0.8	Neutral
08/15/19	DBS Vickers	Thai Beverage	0.83	0.91	Buy
08/15/19	JP Morgan	Thai Beverage	0.83	0.96	Overweight
08/16/19	CIMB	Thai Beverage	0.905	1	Add	Sum of parts
08/16/19	DMG & Partners	Thai Beverage	0.905	0.92	Take Profit	Sum of parts, PER19x FY20
08/22/19	Phillip	Thai Beverage	0.925	0.83	Neutral	Sum of parts
09/02/19	UOB Kay Hian	Thai Beverage	0.9	0.87	Hold	Sum of parts, Buy @ $0.76
10/01/19	DBS Vickers	Thai Beverage	0.885	0.91	Buy
10/03/19	CIMB	Thai Beverage	0.88	1	Add	Sum of parts
10/03/19	UOB Kay Hian	Thai Beverage	0.88	0.87	Hold	Sum of parts, Buy @ $0.76
11/25/19	UOB Kay Hian	Thai Beverage	0.89	0.9	Hold	Buy @ $0.78
11/25/19	DMG & Partners	Thai Beverage	0.89	0.95	Neutral	Sum of parts
11/25/19	CIMB	Thai Beverage	0.89	1.02	Add	Sum of parts
11/25/19	DBS Vickers	Thai Beverage	0.89	1.04	Buy	Sum of parts
11/26/19	Phillip	Thai Beverage	0.89	0.8	Reduce	Sum of parts
11/26/19	OCBC	Thai Beverage	0.89	0.91	Hold
11/29/19	Morgan Stanley	Thai Beverage	0.865	1.08	Overweight
11/29/19	Nomura	Thai Beverage	0.865	1.04	Buy
11/29/19	JP Morgan	Thai Beverage	0.865	1	Overweight
11/29/19	Credit Suisse	Thai Beverage	0.865	0.9	Neutral
12/03/19	UOB Kay Hian	Thai Beverage	0.89	0.9	Hold	Sum of parts, Buy @ $0.78
12/11/19	DMG & Partners	Thai Beverage	0.89	0.95	Neutral
01/06/20	DBS Vickers	Thai Beverage	0.895	1.04	Buy
01/28/20	UOB Kay Hian	Thai Beverage	0.795	0.9	Hold	Sum of parts, Buy @ $0.75
02/17/20	Phillip	Thai Beverage	0.785	0.95	Buy	Sum of parts
02/17/20	DMG & Partners	Thai Beverage	0.785	0.92	Buy	Sum of parts
02/17/20	UOB Kay Hian	Thai Beverage	0.785	0.9	Hold	Buy @ $0.75
02/17/20	CIMB	Thai Beverage	0.785	0.9	Add	Sum of parts
02/20/20	Amfrasers	Thai Beverage	0.845	0.96	Outperform	Sum of parts
03/10/20	Amfrasers	Thai Beverage	0.755	0.96	Outperform
04/16/20	DMG & Partners	Thai Beverage	0.675	0.79	Buy	Sum of parts
04/16/20	OCBC	Thai Beverage	0.675	0.9	Buy
04/20/20	CIMB	Thai Beverage	0.695	0.7	Hold
05/15/20	DBS Vickers	Thai Beverage	0.665	0.9	Buy	Sum of parts
05/18/20	Phillip	Thai Beverage	0.67	0.8	Buy	PER18x FY20
05/18/20	DMG & Partners	Thai Beverage	0.67	0.72	Neutral	Sum of parts
05/18/20	UOB Kay Hian	Thai Beverage	0.67	0.78	Buy
05/18/20	CIMB	Thai Beverage	0.67	0.7	Hold	Sum of parts
05/20/20	OCBC	Thai Beverage	0.66	0.71	Hold

Talkmed - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/29/19	DMG & Partners	Talkmed	0.51	0.62	Buy	DCF
10/15/19	DMG & Partners	Talkmed	0.515	0.62	Buy
11/15/19	DMG & Partners	Talkmed	0.505	0.62	Buy	DCF
02/19/20	DMG & Partners	Talkmed	0.515	0.62	Buy	DCF
04/01/20	DMG & Partners	Talkmed	0.43	0.53	Buy	DCF

Stock calls for 18 June 2020

Date	Analyst	Company	Last	Target	Call	Valuation
06/18/20	DMG & Partners	DBS	21.57	18.7	Neutral
06/18/20	DMG & Partners	OCBC	9.16	8.7	Neutral
06/18/20	Lim & Tan	Overseas Edu	0.32	0	Buy on weakness
06/18/20	Lim & Tan	PanUnited	0.31	0	Buy
06/18/20	CIMB	Penguin	0.49	0.55	Add
06/18/20	UOB Kay Hian	SIA	4.13	3.8	Sell	PB0.8x
06/18/20	DMG & Partners	UOB	21.03	19.4	Neutral