Stock calls for 10 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/08/19	OCBC	Viva Industrial	0.895	0.942	Accept Offer	$0.096 cash & 1.6 ESR-Reit share (New value $0.53)
08/10/18	CIMB	Best World	1.25	1.39	Hold	PER12.5x CY19
08/10/18	DBS Vickers	Best World	1.25	1.15	Fully Valued	PER15x FY18
08/10/18	Kim Eng	Capitaland	3.3	3.8	Buy
08/10/18	UOB Kay Hian	Capitaland	3.3	3.78	Buy	RNAV (20% discount)
08/10/18	CIMB	Capitaland	3.3	3.55	Add	RNAV (35% discount)
08/10/18	OCBC	Capitaland	3.3	4.09	Buy
08/10/18	DMG & Partners	Centurion	0.45	0.47	Neutral
08/10/18	UOB Kay Hian	City Developments	9.89	12	Buy	RNAV (15% discount)
08/10/18	CIMB	City Developments	9.89	10.89	Add	RNAV (35% discount)
08/10/18	OCBC	City Developments	9.89	9.81	Hold
08/10/18	Lim & Tan	City Developments	9.89	0	Hold
08/10/18	DBS Vickers	City Developments	9.89	10	Hold	RNAV (35% discount)
08/10/18	DBS Vickers	Comfortdelgro	2.37	2.59	Buy
08/10/18	DMG & Partners	Kimly	0.335	0.46	Buy
08/10/18	DBS Vickers	PACC Offshore	0.305	0.32	Hold	PB1x FY18
08/10/18	OCBC	Singtel	3.2	4.08	Buy
08/10/18	UOB Kay Hian	Singtel	3.2	4.05	Buy	DCF
08/10/18	CIMB	Singtel	3.2	3.7	Add	Sum of parts
08/10/18	DBS Vickers	Singtel	3.2	3.7	Buy	Sum of parts
08/10/18	DMG & Partners	Singtel	3.2	3.7	Buy	Sum of parts
08/10/18	Kim Eng	ST Engineering	3.45	4.15	Buy	DCF
08/10/18	CIMB	ST Engineering	3.45	3.8	Add	Sum of parts
08/10/18	OCBC	ST Engineering	3.45	3.9	Buy	FCFE
08/10/18	DBS Vickers	ST Engineering	3.45	4.1	Buy
08/10/18	DMG & Partners	ST Engineering	3.45	3.97	Buy
08/10/18	CIMB	Sunningdale	1.42	2.05	Add	PB1.02x FY18
08/10/18	DBS Vickers	Yangzijiang	0.99	1.82	Buy	Sum of parts

Sunpower - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/06/18	UOB Kay Hian	Sunpower	0.48	0.77	Buy	Sum of parts
06/06/18	Lim & Tan	Sunpower	0.48	0.95	Buy	Sum of parts

Sunningdale - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/17	CIMB	Sunningdale	1.285	1.56	Add
02/28/17	Lim & Tan	Sunningdale	1.285	0	Buy
03/06/17	UOB Kay Hian	Sunningdale	1.365	1.83	Buy
03/09/17	DBS Vickers	Sunningdale	1.445	1.64	Not Rated	PER10x FY17
04/07/17	UOB Kay Hian	Sunningdale	1.76	1.83	Hold	PER11x FY17, Buy @ $1.65
05/15/17	Lim & Tan	Sunningdale	1.84	0	Buy
05/15/17	UOB Kay Hian	Sunningdale	1.84	2.04	Buy
05/16/17	CIMB	Sunningdale	1.835	2.19	Add	PB1.11x FY17
05/25/17	DBS Vickers	Sunningdale	1.95	2.62	Buy	PER13x FY18
07/05/17	CIMB	Sunningdale	1.765	2.19	Add	PB1.11x FY17
07/28/17	Lim & Tan	Sunningdale	1.995	0	Buy
08/03/17	UOB Kay Hian	Sunningdale	2.05	2.51	Buy	PER11.4x FY18, PB1.34x FY16
08/03/17	DBS Vickers	Sunningdale	2.05	2.62	Buy	PER13x FY18
08/03/17	Lim & Tan	Sunningdale	2.05	0	Buy
08/04/17	CIMB	Sunningdale	2.15	2.19	Add	PB1.11x FY17
08/04/17	DBS Vickers	Sunningdale	2.15	2.7	Buy	PER13x FY18
10/02/17	DBS Vickers	Sunningdale	1.97	2.7	Buy	PER13x FY18
10/03/17	NRA	Sunningdale	2.02	2.73	Not Rated	PER13.46x
10/30/17	CIMB	Sunningdale	2.14	2.86	Add	PB1.36x FY18
11/09/17	CIMB	Sunningdale	2.25	2.79	Add	PB1.33x FY18
11/09/17	Lim & Tan	Sunningdale	2.25	0	Buy
11/10/17	UOB Kay Hian	Sunningdale	2.15	2.51	Buy	PER11.4x FY18
11/10/17	DBS Vickers	Sunningdale	2.15	2.7	Buy	PER13x FY18
12/06/17	DBS Vickers	Sunningdale	1.89	2.7	Buy
12/20/17	CIMB	Sunningdale	1.84	2.79	Add
01/10/18	CIMB	Sunningdale	1.92	2.79	Add
02/07/18	CIMB	Sunningdale	1.86	2.79	Add
02/23/18	CIMB	Sunningdale	1.93	2.82	Add	PB1.374x FY18
02/23/18	UOB Kay Hian	Sunningdale	1.93	2.51	Buy	PER11.4x FY18
02/23/18	DBS Vickers	Sunningdale	1.93	2.7	Buy	PER13x FY18
02/23/18	Lim & Tan	Sunningdale	1.93	0	Buy on weakness
04/03/18	DBS Vickers	Sunningdale	1.89	2.7	Buy
04/24/18	Lim & Tan	Sunningdale	1.73	0	Hold
04/25/18	UOB Kay Hian	Sunningdale	1.47	2	Buy	PER11.9x FY18
04/25/18	CIMB	Sunningdale	1.47	2.5	Add	PB1.23x FY18
04/25/18	DBS Vickers	Sunningdale	1.47	1.53	Hold	PER11x FY18
05/23/18	UOB Kay Hian	Sunningdale	1.27	2	Buy	PER11.9x FY18
05/25/18	CIMB	Sunningdale	1.28	2.5	Add
06/04/18	UOB Kay Hian	Sunningdale	1.38	2	Buy
07/04/18	UOB Kay Hian	Sunningdale	1.29	2	Buy
08/08/18	Lim & Tan	Sunningdale	1.31	0	Buy

Straits Trading - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
04/10/17	OCBC	S20	Straits Trading	2.27	2.73	Buy	20.26
05/16/17	OCBC	S20	Straits Trading	2.31	2.73	Buy	18.18

Stock calls for 8 August 2018

Date	Analyst	Company	Last	Target	Call	Valuation
08/08/19	OCBC	Viva Industrial	0.895	0.942	Accept Offer	$0.096 cash & 1.6 ESR-Reit share (New value $0.53)
08/08/18	DMG & Partners	APAC Realty	0.63	0.77	Buy	DCF
08/08/18	DBS Vickers	APAC Realty	0.63	0.62	Hold	PER10x FY19
08/08/18	Macquarie	Capitaland	3.26	4.32	Outperform
08/08/18	CIMB	China Sunsine	1.49	1.41	Hold	PER7.7x CY19
08/08/18	OCBC	City Developments	9.88	9.59	Hold
08/08/18	Soochow	EC World Reit	0.71	0.88	Buy
08/08/18	DMG & Partners	Japan Foods	0.49	0.58	Buy	Sum of parts, PER16.6x FY19
08/08/18	DBS Vickers	Keppel DC Reit	1.39	1.52	Buy
08/08/18	Phillip	Nam Lee	0.365	0.51	Buy	DCF, PER10.5x FY18, PB0.88x FY18
08/08/18	Phillip	Raffles Medical	1.11	1.32	Accumulate	DCF
08/08/18	CIMB	Riverstone	1.1	1.28	Add	PER16.7x FY19
08/08/18	DBS Vickers	Riverstone	1.1	1.25	Buy	PER16x FY19
08/08/18	UOB Kay Hian	Starhub	1.69	1.92	Hold	DCF, Buy @ $1.65
08/08/18	DBS Vickers	Starhub	1.69	1.42	Hold	EV/Ebitda5.6x
08/08/18	DMG & Partners	Starhub	1.69	1.78	Neutral	DCF
08/08/18	OCBC	Starhub	1.69	1.65	Hold
08/08/18	Lim & Tan	Sunningdale	1.31	0	Buy
08/08/18	CIMB	Yangzijiang	0.91	1.29	Add	Sum of parts

Starhub - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Starhub	2.81	2.82	Neutral
01/03/17	UOB Kay Hian	Starhub	2.81	2.4	Sell
01/12/17	Deutsche	Starhub	2.93	3.9	Buy
01/13/17	Credit Suisse	Starhub	2.92	2.65	Underperform
01/13/17	DBS Vickers	Starhub	2.92	3.01	Hold	DCF
01/17/17	DIR	Starhub	3.01	2.56	Underperform	DDM
01/18/17	UOB Kay Hian	Starhub	3.08	3.55	Buy	DCF
02/06/17	CIMB	Starhub	3	2.6	Reduce	DCF, Buy @ $2.30 or below
02/06/17	Credit Suisse	Starhub	3	2.35	Underperform
02/06/17	DBS Vickers	Starhub	3	2.85	Hold	DCF
02/06/17	DIR	Starhub	3	2.31	Sell	DDM
02/06/17	DMG & Partners	Starhub	3	2.7	Neutral	DCF
02/06/17	Kim Eng	Starhub	3	2.49	Sell	DCF
02/06/17	OCBC	Starhub	3	2.65	Sell	DCF
02/06/17	UOB Kay Hian	Starhub	3	3.22	Buy	DCF
02/07/17	Lim & Tan	Starhub	2.8	0	Sell
03/09/17	UOB Kay Hian	Starhub	2.85	3.1	Hold	DCF, Buy @ $2.80
03/17/17	OCBC	Starhub	2.81	2.5	Sell
03/20/17	Credit Suisse	Starhub	2.87	2.25	Underperform
03/24/17	Kim Eng	Starhub	2.86	2.49	Sell	DCF
03/27/17	UOB Kay Hian	Starhub	2.88	2.5	Hold
04/05/17	CIMB	Starhub	2.88	2.6	Reduce
04/05/17	Credit Suisse	Starhub	2.88	2.25	Underperform
04/05/17	DMG & Partners	Starhub	2.88	2.7	Neutral
04/05/17	Kim Eng	Starhub	2.88	2.36	Sell	DCF
04/05/17	OCBC	Starhub	2.88	2.5	Sell
04/06/17	DBS Vickers	Starhub	2.86	2.85	Hold
05/04/17	Credit Suisse	Starhub	2.78	2.2	Underperform
05/04/17	DMG & Partners	Starhub	2.78	2.7	Neutral	DCF
05/04/17	Kim Eng	Starhub	2.78	2.36	Sell	DCF
05/04/17	OCBC	Starhub	2.78	2.4	Sell	DCF
05/04/17	UOB Kay Hian	Starhub	2.78	2.98	Hold	DCF, Buy @ $2.62
05/05/17	CIMB	Starhub	2.78	2.45	Reduce	DCF, Buy @ $2.15 or below
06/05/17	DBS Vickers	Starhub	2.73	2.7	Fully Valued
06/09/17	OCBC	Starhub	2.74	2.4	Sell
06/16/17	UOB Kay Hian	Starhub	2.73	2.98	Hold	DCF, Buy @ $2.62
06/23/17	DIR	Starhub	2.7	2.31	Sell	DDM
07/07/17	DMG & Partners	Starhub	2.72	2.7	Neutral
07/20/17	Credit Suisse	Starhub	2.74	2.2	Underperform
08/03/17	DMG & Partners	Starhub	2.7	2.7	Hold	DCF
08/03/17	DIR	Starhub	2.7	2.31	Sell	DDM
08/03/17	UOB Kay Hian	Starhub	2.7	2.9	Hold	DCF, Buy @ $2.60
08/03/17	OCBC	Starhub	2.7	2.4	Sell	DCF
08/03/17	CIMB	Starhub	2.7	2.5	Reduce	DCF, Buy @ $2.20 or below
08/03/17	Lim & Tan	Starhub	2.7	0	Hold
08/03/17	DBS Vickers	Starhub	2.7	2.33	Fully Valued	DCF
08/22/17	UOB Kay Hian	Starhub	2.59	2.62	Hold	DCF, Buy @ $2.38
09/07/17	UOB Kay Hian	Starhub	2.63	2.62	Hold	DCF, Buy @ $2.38
09/08/17	Credit Suisse	Starhub	2.64	2.2	Underperform
09/11/17	OCBC	Starhub	2.63	2.3	Sell
09/14/17	Kim Eng	Starhub	2.58	2.17	Sell	DCF
09/20/17	Deutsche	Starhub	2.59	3.5	Buy
09/25/17	CIMB	Starhub	2.6	2.5	Hold
09/28/17	DIR	Starhub	2.65	2.25	Sell	DDM
10/12/17	UOB Kay Hian	Starhub	2.64	2.62	Hold	DCF, Buy @ $2.38
10/16/17	DBS Vickers	Starhub	2.67	2.2	Fully Valued	DCF
11/03/17	OCBC	Starhub	2.64	2.3	Sell
11/03/17	Kim Eng	Starhub	2.64	2.17	Sell	DCF
11/03/17	UOB Kay Hian	Starhub	2.64	2.62	Hold	DCF, Buy @ $2.38
11/03/17	Credit Suisse	Starhub	2.64	2.2	Underperform
11/03/17	DMG & Partners	Starhub	2.64	2.7	Neutral	DCF
11/03/17	CIMB	Starhub	2.64	2.5	Hold	DCF
11/06/17	DBS Vickers	Starhub	2.72	2.2	Fully Valued	DCF
12/20/17	CIMB	Starhub	2.88	2.5	Hold
01/10/18	DMG & Partners	Starhub	2.89	2.7	Neutral
01/12/18	UOB Kay Hian	Starhub	2.93	2.62	Hold
01/17/18	CIMB	Starhub	2.92	2.8	Hold	DCF
01/26/18	DBS Vickers	Starhub	2.97	2.2	Fully Valued	DCF
02/15/18	OCBC	Starhub	2.86	2.2	Sell
02/15/18	UOB Kay Hian	Starhub	2.86	2.7	Hold	DCF, Buy @ $2.50
02/15/18	Kim Eng	Starhub	2.86	2.27	Sell	DCF
02/15/18	Credit Suisse	Starhub	2.86	2.15	Underperform
02/15/18	CIMB	Starhub	2.86	2.7	Hold	DCF
02/15/18	Lim & Tan	Starhub	2.86	0	Sell
02/15/18	DMG & Partners	Starhub	2.86	2.65	Neutral
02/20/18	DBS Vickers	Starhub	2.6	2.2	Fully Valued	DCF
03/12/18	UOB Kay Hian	Starhub	2.47	2.7	Hold
03/14/18	Kim Eng	Starhub	2.44	2.27	Sell	DCF
03/15/18	CIMB	Starhub	2.43	2.7	Hold	DCF
03/15/18	DMG & Partners	Starhub	2.43	2.65	Neutral
03/20/18	UOB Kay Hian	Starhub	2.43	2.25	Sell
04/03/18	Kim Eng	Starhub	2.33	2.27	Hold
04/10/18	OCBC	Starhub	2.28	2.2	Hold
04/10/18	UOB Kay Hian	Starhub	2.28	2.25	Sell
05/04/18	UOB Kay Hian	Starhub	2.31	2.25	Sell	DCF
05/04/18	Kim Eng	Starhub	2.31	2.27	Hold	DCF
05/04/18	DMG & Partners	Starhub	2.31	2.5	Neutral	DCF
05/04/18	OCBC	Starhub	2.31	2.2	Hold
05/07/18	CIMB	Starhub	2.29	2.4	Hold	DCF
05/07/18	DBS Vickers	Starhub	2.29	2.05	Fully Valued	DCF
06/12/18	UOB Kay Hian	Starhub	1.84	1.98	Hold	DCF
06/27/18	DMG & Partners	Starhub	1.73	1.9	Neutral	DCF
06/27/18	DBS Vickers	Starhub	1.73	1.42	Hold	EV/Ebitda5.6x
07/03/18	UOB Kay Hian	Starhub	1.64	1.98	Hold
07/09/18	Kim Eng	Starhub	1.7	1.96	Buy	DCF

Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	Starhill	0.77	0.87	Buy	DCF
01/18/17	DIR	Starhill	0.75	0.88	Outperform	DDM
01/31/17	DBS Vickers	Starhill	0.76	0.85	Buy	DCF
02/02/17	CIMB	Starhill	0.77	0.72	Hold	DDM
02/02/17	DIR	Starhill	0.77	0.86	Outperform	DDM
02/02/17	DMG & Partners	Starhill	0.77	0.81	Buy	DDM
02/02/17	OCBC	Starhill	0.77	0.82	Buy
03/07/17	UOB Kay Hian	Starhill	0.745	0.9	Buy
03/10/17	DMG & Partners	Starhill	0.735	0.81	Buy
04/04/17	DBS Vickers	Starhill	0.76	0.85	Buy
04/07/17	DMG & Partners	Starhill	0.765	0.81	Buy	DDM
04/11/17	UOB Kay Hian	Starhill	0.77	0.9	Buy	DDM
04/18/17	DIR	Starhill	0.765	0.86	Outperform
04/28/17	DBS Vickers	Starhill	0.775	0.83	Buy	PB0.86x
04/28/17	OCBC	Starhill	0.775	0.82	Buy
05/05/17	DIR	Starhill	0.76	0.85	Outperform	DDM
05/17/17	OCBC	Starhill	0.75	0.82	Buy
05/26/17	OCBC	Starhill	0.76	0.81	Hold
06/06/17	DIR	Starhill	0.755	0.85	Outperform
07/04/17	DMG & Partners	Starhill	0.78	0.81	Buy
07/31/17	DIR	Starhill	0.775	0.85	Outperform	DDM
07/31/17	Religare	Starhill	0.775	0.88	Buy
08/01/17	OCBC	Starhill	0.78	0.82	Buy	DDM
08/01/17	DMG & Partners	Starhill	0.78	0.81	Neutral	DDM
08/01/17	CIMB	Starhill	0.78	0.83	Hold	DDM
08/02/17	DBS Vickers	Starhill	0.78	0.82	Buy
09/15/17	DIR	Starhill	0.75	0.8	Outperform	DDM
09/21/17	DMG & Partners	Starhill	0.75	0.81	Neutral
10/23/17	UOB Kay Hian	Starhill	0.775	0.9	Buy
10/31/17	CIMB	Starhill	0.775	0.83	Hold	DDM
11/01/17	OCBC	Starhill	0.77	0.77	Hold
11/01/17	DBS Vickers	Starhill	0.77	0.82	Buy	DCF
01/02/18	Kim Eng	Starhill	0.78	0.7	Sell	DDM
01/05/18	DMG & Partners	Starhill	0.775	0.81	Neutral	DDM
01/30/18	OCBC	Starhill	0.78	0.77	Hold
01/30/18	Lim & Tan	Starhill	0.78	0	Hold
03/19/18	DBS Vickers	Starhill	0.725	0.82	Buy
04/27/18	OCBC	Starhill	0.72	0.77	Hold
04/27/18	Kim Eng	Starhill	0.72	0.7	Sell
05/17/18	DMG & Partners	Starhill	0.685	0.81	Neutral
06/19/18	OCBC	Starhill	0.66	0.65	Hold
07/30/18	Kim Eng	Starhill	0.685	0.65	Hold	DDM
07/30/18	OCBC	Starhill	0.685	0.65	Hold
07/31/18	CIMB	Starhill	0.685	0.69	Hold	DDM

ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/17	OCBC	ST Engineering	3.3	3.2	Hold
01/03/17	UOB Kay Hian	ST Engineering	3.23	3.42	Buy
01/05/17	Credit Suisse	ST Engineering	3.3	4	Outperform
01/13/17	DBS Vickers	ST Engineering	3.34	3.5	Buy
01/19/17	Lim & Tan	ST Engineering	3.41	0	Buy
02/08/17	UOB Kay Hian	ST Engineering	3.37	3.42	Buy
02/10/17	CIMB	ST Engineering	3.36	3.75	Add	DCF & PER22x CY18
02/10/17	Credit Suisse	ST Engineering	3.36	4	Outperform
02/17/17	CIMB	ST Engineering	3.4	3.82	Add	DCF & PER22x
02/17/17	Lim & Tan	ST Engineering	3.4	0	Buy
02/17/17	OCBC	ST Engineering	3.4	3.2	Hold
02/17/17	UOB Kay Hian	ST Engineering	3.4	3.7	Buy	DDM, PER21x
03/13/17	Credit Suisse	ST Engineering	3.66	4	Outperform
03/21/17	UOB Kay Hian	ST Engineering	3.68	3.7	Buy
03/24/17	Kim Eng	ST Engineering	3.64	3.17	Hold	PER18x FY17
04/04/17	DBS Vickers	ST Engineering	3.65	3.8	Buy
04/05/17	UOB Kay Hian	ST Engineering	3.64	3.7	Buy
04/10/17	CIMB	ST Engineering	3.65	3.82	Add
04/19/17	Credit Suisse	ST Engineering	3.75	4	Outperform
04/19/17	Lim & Tan	ST Engineering	3.75	0	Buy
05/15/17	CIMB	ST Engineering	3.75	3.82	Add	PER22x & DCF
05/15/17	Credit Suisse	ST Engineering	3.75	4	Outperform
05/15/17	DBS Vickers	ST Engineering	3.75	4.12	Buy	DCF & PER23x
05/15/17	OCBC	ST Engineering	3.75	3.7	Hold	DCF
05/15/17	UOB Kay Hian	ST Engineering	3.75	3.9	Hold	DCF, PER22.7x FY17, Buy @ $3.60 or lower
05/16/17	Lim & Tan	ST Engineering	3.71	0	Buy
06/06/17	UOB Kay Hian	ST Engineering	3.73	3.9	Hold
06/16/17	DBS Vickers	ST Engineering	3.72	4.12	Buy
07/24/17	CIMB	ST Engineering	3.77	3.82	Add	DCF & PER22x
07/27/17	DBS Vickers	ST Engineering	3.79	4.12	Buy	PER23x
08/02/17	DIR	ST Engineering	3.8	4.46	Buy	DCF
08/14/17	OCBC	ST Engineering	3.7	3.61	Hold	DCF
08/14/17	DIR	ST Engineering	3.7	4.39	Buy	DCF
08/14/17	UOB Kay Hian	ST Engineering	3.7	3.8	Hold	Buy @ $3.50
08/14/17	CIMB	ST Engineering	3.7	3.82	Add	DCF & PER22x CY18
08/14/17	DBS Vickers	ST Engineering	3.7	3.8	Hold
08/14/17	Lim & Tan	ST Engineering	3.7	0	Buy
08/15/17	Credit Suisse	ST Engineering	3.68	4	Outperform
09/06/17	DMG & Partners	ST Engineering	3.59	4.07	Buy	DCF & PER23.3x FY18 & PB5.5x & EV/Ebitda16x
09/28/17	Lim & Tan	ST Engineering	3.49	0	Buy
10/04/17	DIR	ST Engineering	3.43	4.39	Buy	DCF
10/12/17	Crucial Perspective	ST Engineering	3.35	4.3	Outperform
10/25/17	Lim & Tan	ST Engineering	3.38	0	Buy
10/27/17	UOB Kay Hian	ST Engineering	3.46	3.8	Buy
11/08/17	Lim & Tan	ST Engineering	3.47	0	Buy
11/09/17	DMG & Partners	ST Engineering	3.41	4.04	Buy	PER23x & PB5.5x & EV/Ebitda16x & DCF
11/09/17	UOB Kay Hian	ST Engineering	3.41	3.8	Buy	DCF
11/09/17	Credit Suisse	ST Engineering	3.41	4	Outperform
11/09/17	OCBC	ST Engineering	3.41	3.61	Hold
11/09/17	CIMB	ST Engineering	3.41	3.85	Add	PER22x CY19
11/09/17	DBS Vickers	ST Engineering	3.41	3.7	Hold
12/20/17	CIMB	ST Engineering	3.17	3.85	Add
01/05/18	DBS Vickers	ST Engineering	3.3	3.7	Hold
01/18/18	CIMB	ST Engineering	3.31	3.85	Add	DCF & PER22x CY19
01/22/18	Lim & Tan	ST Engineering	3.32	0	Buy
02/07/18	OCBC	ST Engineering	3.23	4	Buy
02/07/18	CIMB	ST Engineering	3.23	3.85	Add
02/20/18	DMG & Partners	ST Engineering	3.35	4.2	Buy
02/26/18	CIMB	ST Engineering	3.39	3.8	Add	DCF, PER & Div yield
02/26/18	UOB Kay Hian	ST Engineering	3.39	3.6	Hold	DCF, Buy @ $3.20
02/26/18	DBS Vickers	ST Engineering	3.39	3.9	Buy
02/26/18	Lim & Tan	ST Engineering	3.39	0	Buy
02/27/18	DMG & Partners	ST Engineering	3.44	4.04	Buy	PER23x & PB5.5x & EV/Ebitda16x & DCF
03/02/18	Lim & Tan	ST Engineering	3.38	0	Buy
03/05/18	CIMB	ST Engineering	3.36	3.8	Add	DCF & PER & Div Yield
03/09/18	UOB Kay Hian	ST Engineering	3.38	3.6	Hold
03/12/18	Kim Eng	ST Engineering	3.38	4.15	Buy	DCF
03/13/18	Amfrasers	ST Engineering	3.43	3.88	Buy
03/13/18	Credit Suisse	ST Engineering	3.43	4	Outperform	DCF
03/23/18	UOB Kay Hian	ST Engineering	3.47	4.1	Buy	EV/Invested capital basis, PER23x FY19
03/23/18	DBS Vickers	ST Engineering	3.47	4.1	Buy	DCF & PER22x
04/12/18	Lim & Tan	ST Engineering	3.65	0	Buy
04/16/18	DMG & Partners	ST Engineering	3.67	4.04	Buy
04/23/18	Macquarie	ST Engineering	3.65	3.9	Outperform
05/11/18	Lim & Tan	ST Engineering	3.46	0	Buy
05/14/18	CIMB	ST Engineering	3.39	3.8	Add	DCF & PER20x CY19
05/14/18	DBS Vickers	ST Engineering	3.39	4.1	Buy
05/14/18	DMG & Partners	ST Engineering	3.39	4.04	Buy	PER23x & PB5.5x & EV/Ebitda16x & DCF
05/23/18	UOB Kay Hian	ST Engineering	3.47	4.1	Buy
06/04/18	UOB Kay Hian	ST Engineering	3.45	4.1	Buy
06/28/18	DBS Vickers	ST Engineering	3.29	4.1	Buy
07/03/18	UOB Kay Hian	ST Engineering	3.27	4.1	Buy
07/05/18	OCBC	ST Engineering	3.25	3.9	Buy
08/03/18	UOB Kay Hian	ST Engineering	3.36	4.1	Buy	EV/Invested capital basis, PER22x FY18