analyst montage6.22 
The information below is extracted from analyst reports. The target prices are set by analysts with, typically, a 12-month time frame in mind. No, they are not cast in stone: You can expect them to be revised as new business developments materialise.

LionelLim8.16Shared by Lionel Lim, remisier.
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Counter Date Broking House Last Done Price Target Price Buy Sell Hold Valuation Methodology
Tiong Woon Corp 11 Oct Lim & Tan $0.525 $0.87 (Consensus) Accumulate  
Capitaland Integrated Commercial Trust 11 Oct UOB Kayhian $2.12 $2.59 Buy DDM
Starhub 10 Oct CGS CIMB $1.20 $1.40 Add DCF
Singtel 10 Oct  CGS CIMB $3.18 $3.40 Add SOP
Creative Tech 10 Oct Lim & Tan $1.28   Avoid  
Singapore Post 10 Oct  UOB kayhian $0.515 $0.61 Buy SOTP
Digital Core Reit 9 Oct Lim & Tan USD 0.58 USD 0.76 (Consensus) Accumulate  
SEA Ltd 9 Oct Maybank Kim Eng USD 95.27 USD 110 (Upgrade) Buy EV/EBITDA
Prime US Reit 9 Oct UOB Kayhian USD 0.169 USD 0.37 Buy DDM
Keppel Pacific Oak Reit  9 Oct UOB Kayhian USD 0.225 USD 0.39 Buy DDM
Yangzijiang 8 Oct  UOB Kayhian $2.55 $3.40 Buy  
SembCorp Ind 8 Oct UOB Kayhian $5.56 $7.47 Buy  
Keppel Ltd 8 Oct UOB Kayhian $6.65 $8.86 Buy  
Mermaid Maritime 7 Oct CGS CIMB $0.18 $0.20 Add P/E
Seatrium 7 Oct Lim & Tan $1.99 $2.57 Overweight  
Marco Polo Marine 7 Oct  Lim & Tan $0.058 $0.074 Overweight  
Beng Kuang Marine 7 Oct Lim & Tan $0.27 $0.29 (Consensus)    
China Sunsine Chemical 7 Oct UOB Kayhian $0.48 $0.58 Buy P/E
Aztech Global 4 Oct CGS CIMB $1.02 $1.21 Add P/E
Far East H Trust 4 Oct UOB Kayhian $0.645 $0.80 Buy DDM
CDL H Trust 4 Oct UOB Kayhian $1.02 $1.50 Buy DDM
Capitaland Ascott Trust 4 Oct UOB Kayhian $0.975 $1.38 Buy DDM
Capitaland Integrated Commercial Trust 4 Oct UOB Kayhian $2.13 $2.59 (Upgrade) Buy DDM
Lendlease Reit 3 Oct  Lim & Tan $0.625 $0.73 (Consensus)    
Mapletree Ind Trust 3 Oct UOB Kayhian $2.50 $3.05 (Upgrade) Buy DDM
ST Engineering 2 Oct CGS CIMB $4.64 $5.30 (Upgrade) Add P/E
Keppel Corp 2 Oct Lim & Tan $6.64 $7.74 (Consensus) Accumulate  
Capitaland Ascott Trust 2 Oct CGS CIMB $0.975 $1.18 (Upgrade) Add DDM
SEA (SE US) 29 Sept UOB Kayhian US$94.83 US$112.54 Buy PS
Zixin Group Holdings 29 Sept Phillip Securities $0.023 $0.05 Buy (Initiation) DCF
Pac Radiance 27 Sept Phillip Securities $0.041 $0.06 Buy (Initiation) P/E
Mermaid Maritime 27 Sept CGS CIMB $0.158 $0.20 Add (Initiation) P/E
Emperador Inc 27 Sept UOB Kayhian $0.435 $0.30 (Downgrade) Sell P/E
Venture Corp Ltd 27 Sept Lim & Tan $14.16   Accumulate  
SIA Engineering 26 Sept Lim & Tan $2.38 $2.68 (Consensus) Accumulate  
Mapletree Ind Trust 26 Sept UOB Kayhian $2.44 $3.03 Buy DDM
Keppel DC Reit 26 Sept UOB Kayhian $2.19 $2.28 Buy DDM
Digital Core Reit 26 Sept UOB Kayhian US$0.61 US$0.88 Buy DDM
Capitaland Ascendas Reit 25 Sept CGS CIMB $2.88 $3.23 Add DDM
Lendlease Global Commercial Reit 25 Sept CGS CIMB $0.60 $0.71 Add DDM
IReit Global 25 Sept Lim & Tan $0.31 $0.37 (Consensus)    
DFI Retail Group Hldgs 25 Sept UOB Kayhian US$2.03 US$2.57 Buy P/E
United Overseas Bank 24 Sept OCBC $33.25 $33.50 Hold  
Capitaland Investment 24 Sept Lim & Tan $2.94 $3.52 (Consensus) Accumulate  
Dyna Mac 24 Sept Lim & Tan $0.63 $0.715 Hold Tight  
Tiong Woon Corporation 24 Sept UOB Kayhian $0.50 $0.87 (Downgrade) Buy P/BV
Parkway Life Reit 23 Sept OCBC Investment Research $4.09 $4.48 Buy  
Centurion Corp 23 Sept Phillip Securities $0.795 $0.90 Accumulate DCF
Wilmar Intl 20 Sept CGS CIMB $3.18 $3.63 Add P/E
Marco Polo Marine 20 Sept Lim & Tan $0.055 $0.074 (Downgrade) Buy P/E
LHN 20 Sept UOB Kayhian $0.355 $0.40 Buy P/E
Wilmar 20 Sept CGS CIMB $3.18 $3.63 Add P/E
Singtel 19 Sept Maybank Kim Eng $3.38 $3.45 Buy SOTP
Keppel Corp 19 Sept UOB Kayhian $6.51 $8.86 Buy  
UOB  19 Sept Phillip Securities $32.55 $34.90 Accumulate (Downgrade) P/BV
OCBC 19 Sept Phillip Securities $15.34 $15.40 Accumulate P/BV
DBS Group 19 Sept Phillip Securities $38.10 $38.50  Accumulate (Downgrade) P/BV
Digital Core Reit 18 Sept UOB Kayhian US$0.595 US$0.88 (Upgrade) Buy DDM
SembCorp Ind 18 Sept CGS CIMB $5.19 $7.32 Add P/E
SIA 17 Sept UOB Kayhian $6.50 $5.83 (Upgrade) Sell P/BV
Marco Polo Marine 16 Sept Maybank Kim Eng $0.05 $0.08 Buy P/E
UOL 16 Sept CGS CIMB $5.64 $8.20 Add RNAV
City Dev 16 Sept CGS CIMB $5.45 $8.97 Add RNAV
Capitaland Investment 16 Sept CGS CIMB $2.91 $4.30 Add RNAV
Civmec 16 Sept Lim & Tan $0.94 $1.20 Accumulate P/E
Singapore Exchange 16 Sept UOB Kayhian $11.23 $11.62 (Upgrade) Hold P/E
Thomson Medical 16 Sept Phillip Securities $0.049 $0.061 Buy SOTP
Keppel DC Reit 13 Sept UOB Kayhian $2.18 $2.28 (Upgrade) Buy DDM
Dyna Mac 12 Sept Maybank Kim Eng $0.50 $0.64 Buy  
Food Empire 12 Sept Maybank Kim Eng $0.97 $1.02 Hold  
Yangzijiang Shipbullding 12 Sept CGS CIMB $2.48 $3.20 Add P/E
Mapletree Log Trust 11 Sept Lim & Tan $1.43 $1.60 (Consensus)    
Keppel Reit 11 Sept Lim & Tan $0.925 $1.02 (Consensus)    
Hypens Pharma 11 Sept CGS CIMB $0.29 $0.40 (Upgrade) Add DCF
Mapletree Pan Asia Commercial Trust 10 Sept DBS Research $1.41 $1.75 Buy  
BRC Asia 10 Sept UOB Kayhian $2.29 $2.29 (Downgrade) Hold (Downgrade) P/E
ComfortDelgro 9 Sept DBS Research $1.44 $1.80 Buy  
Seatrium 9 Sept UOB Kayhian $1.56 $2.31 Buy P/BV
Cromwell European Reit 9 Sept OCBC Investmet Research Eur 1.53 Eur 1.87 Buy (Initiate) DDM
SEA Ltd 6 Sept DBS Investment Research US$77.18 US$99 Buy  
Neratel 6 Sept Lim & Tan $0.078   Sell/Hold  
Delfi Ltd 6 Sept UOB Kayhian $0.81 $0.83 (Downgrade) Hold P/E
Keppel Infrastructure Trust 5 Sept

OCBC Investment Research

$0.45 $0.51 Buy  
Lendlease Global Commercial Reit 5 Sept CGS CIMB $0.595 $0.71 Add DDM
Guocoland 5 Sept DBS Research $1.53 $2.00 (Downgrade) Buy RNAV
LHN Ltd 5 Sept Maybank Kim Eng $0.34 $0.43 Buy P/E
SATS 5 Sept Phillip Securities $3.62 $4.37 (Upgrade) Buy (Upgrade) DCF
ComfortDelgro 4 Sept Maybank Kim Eng $1.41 $1.65 (Upgrade) Buy DCF
Capitaland Investment Ltd 4 Sept Phillip Securities $2.80 $3.38 Buy SOTP
Food Empire 4 Sept UOB Kayhian $0.995 $1.00 (Downgrade) Hold (Downgrade) P/E
Seatrium 3 Spet CGS CIMB $1.57 $2.69 Add P/BV
Capitaland Integrated Commercial Trust 3 Sept CGS CIMB $2.13 $2.21 Add DDM
Dyna Mac 3 Sept Lim & Tan $0.54 $0.715 (Upgrade) Buy P/E
Genting Singapore 3 Sept UOB Kayhian $0.82 $1.18 Buy  
SingPost 3 Sept UOB Kayhian $0.435 $0.61 Buy  
UOB 2 Sept CGS CIMB $31.39 $34.50 Add  
OCBC 2 Sept CGS CIMB $14.55 $16.70 Add  
Singtel 1 Sept Phillip Securities $3.13 $3.44 Accumulate SOP
Hong Leong Asia 30 Aug CGS CIMB $0.79 $1.20 Add  
Frasers Log and Comm Trust 30 Aug CGS CIMB $1.08 $1.27 Add  
Capitaland Ascendas Reit 30 Aug CGS CIMB $2.86 $3.06 Add  
Centurion Corp 30 Aug Lim & Tan $0.74 $0.83 (Upgrade) Accumulate P/E
Civmec Ltd 30 Aug Maybank Kim Eng $0.94 $1.05 Buy P/E
Pan-United Corp 30 Aug UOB Kayhian $0.51 $0.71 Buy P/E
IHH Healthcare 29 Aug DBS Research $1.90 $2.18 Buy  
Singtel 29 Aug CGS CIMB $3.02 $3.40 Add SOP
Marco Polo Marine 29 Aug UOB Kayhian $0.051 $0.061 (Downgrade) Buy P/E
Silverlake Axis 29 Aug Phillip Securiites $0.30 Offer Price $0.36 Accept Offer  
Q & M Dental 29 Aug Phillip Securities $0.27 $0.36 Buy P/E
SEA Ltd 28 Aug DBS Research US$82.32 US$99.00 Buy  
Wing Tai Holdings 28 Aug Lim & Tan $1.26   Accumulate on Weakness  
Innotek 28 Aug Lim & Tan $0.495   Accumulate  
Valuetronics 28 Aug UOB Kayhian $0.60 $0.78 Buy  
Venture Corp 28 Aug UOB Kayhian $14.07 $16.17 Buy  
Frencken Group 28 Aug UOB Kayhian $1.33 $1.74 Buy  
HPH Trust 27 Aug DBS Investment Research US$0.126 US$0.22 Buy  
BRC Asia 23 Aug Phillip Securities $2.22 $2.27 Accumulate DCF
Food Empire 23 Aug KGI Fraser $1.01 $1.35 Outperform DCF
Marco Polo Marine 23 Aug Lim & Tan $0.054 $0.083 Accumulate  
Winking Studios 23 Aug UOB Kayhian $0.29 $0.38 Buy P/E
Q & M Dental 22 Aug KGI Fraser $0.265 $0.35 Outperform DCF
LHN Limited 22 Aug Lim & Tan $0.325 $0.41 (Consensus) Accumulate  
SembCorp Ind 22 Aug Lim & Tan $4.76 $4.80 (Consensus) Accumulate  
Keppel Reit 22 Aug UOB Kayhian $0.855 $1.15 Buy  
Frasers Log and Comm Trust 22 Aug UOB Kayhian $1.03 $1.40 Buy  
Capitaland Ascott Trust 22 Aug UOB Kayhian $0.885 $1.30 Buy  
SATS 22 Aug UOB Kayhian $3.59 $4.00 (Upgrade) Buy P/E
China Aviation Oil 22 Aug Phillip Securities $0.85 $1.05 Buy DCF
Sea Limited 21 Aug OCBC Investment Research US$81.06 US$98.00 (Upgrade) Buy  
Hypens Pharma 21 Aug Phillip Securities $0.29 $0.35 Buy DCF
Capitaland Integrated Comm Trust 21 Aug DBS Investment Research $2.08 $2.30 Buy  
China Aviation Oil 21 Aug Lim & Tan $0.86 $1.24 Buy P/E
RH Petrogas 21 Aug UOB Kayhian $0.141 $0.231 (Downgrade) Buy SOTP
Capitaland Investment 20 Aug CGS CIMB $2.57 $4.30 Add  
Japfa 20 Aug DBS Investment Research $0.335 $0.45 Buy  
Keppel Ltd 20 Aug Lim & Tan $6.00 $7.80 (Consensus) Accumulate  
UOL 20 Aug Lim & Tan $5.20 $7.47 (Consensus) Accumulate  
Sheng Siong 20 Aug UOB Kayhian $1.52 $1.88 Buy P/E
17Live Group Limited 19 Aug Phillip Securities $0.85 $1.80 (Downgrade) Buy DCF
SingPost 19 Aug UOB Kayhian $0.44 $0.61 Buy SOTP
Frencken Group 19 Aug UOB Kayhian $1.40 $1.74 Buy P/E
Centurion Corp 19 Aug UOB Kayhian $0.655 $0.85 (Upgrade) Buy P/E
UOB 19 Aug Phillip Securities $30.43 $34.90 Buy (Upgrade) P/BV
Singtel 19 Aug Phillip Securities $2.98 $3.44 Accumulate SOP
PropNex 16 Aug Phillip Securiites $0.785 $0.89 (Downgrade) Buy (Upgrade) DCF
China Aviation Oil 16 Aug OCBC Investment Research $0.86 $1.10 Buy P/E
Delfi 16 Aug Lim & Tan $0.83 $1.07 (Consensus) Accumulate  
Wilmar Intl 16 Aug UOB Kayhian $3.12 $3.25 Hold SOTP
SIA 16 Aug UOB Kayhian $6.12 $5.71 (Downgrade) Sell (Downgrade) P/BV
Singtel 16 Aug UOB Kayhian $3.02 $3.58 Buy DCF
Prime US Reit 16 Aug Phillip Securities US$0.181 US$0.22 (Upgrade) Buy (Upgrade) P/NAV
HR Network Group 16 Aug Phillip Securities $0.66 $0.82 (Downgrade) Buy P/E
First Resources 15 Aug Maybank Kim Eng $1.39 $1.46 (Upgrade) Hold P/E
Starhub 15 Aug UOB Kayhian $1.29 $1.41 Buy DCF
Singapore Technology Engineering 15 Aug UOB Kayhian $4.37 $4.95 Buy P/E
Genting Singapore 15 Aug UOB Kayhian $0.82 $1.18 (Downgrade) Buy EV/EBITDA
Capitaland Investment Ltd 15 Aug UOB Kayhian $2.49 $4.04 Buy SOTP
City Dev 15 Aug UOB Kayhian $5.21 $7.00 (Downgrade) Buy RNAV
Comfortdelgro 14 Aug Maybank Kim Eng $1.40 $1.60 Buy DCF
Bumitama Agri 14 Aug OCBC Investment Research $0.72 $0.77 Hold P/E
Golden Agri  14 Aug OCBC Investment Research $0.27 $0.27 Hold  
UOL Group 14 Aug OCBC Investment Research $5.31 $8.11 Buy  
ST Engineering 14 Aug OCBC Investment Research $4.28 $4.83 Buy  
Grand Venture Tech 14 Aug DBS Research $0.55 $0.70 (Upgrade) Buy P/E
Food Empire 14 Aug Maybank Kim Eng $0.98 $1.02 (Downgrade) Hold (Downgrade) P/E
Sea Ltd 14 Aug Maybank Kim Eng US$74.51 US$96.00 (Upgrade) Buy SOTP
Innotek Ltd 14 Aug Lim & Tan $0.515   Accumulate P/BV
City Dev 14 Aug Lim & Tan $5.22 $7.40 (Consensus) Accumulate RNAV
United Hampshire US Reit 13 Aug KGI Fraser US$0.43 US$0.60 Outperform (Initate Coverage)  
Wilmar 13 Aug DBS Research $3.04 $4.30 Buy  
UMS Holdings 13 Aug Maybank Kim Eng $1.07 $0.85 Sell P/E
Propnex 13 Aug Maybank Kim Eng $0.81 $0.87 (Downgrade) Hold P/E
Capitaland Integrated Commercial Trust 13 Aug Maybank Kim Eng $2.10 $2.25 Buy DDM
Daiwa House Log Trust 13 Aug DBS Research $0.585 $0.70 (Downgrade) Buy  
Yangzijiang Shipbuilding 13 Aug DBS Research $2.38 $2.88 (upgrade) Buy  
Centurion Corp 13 Aug Lim & Tan $0.64   Accumulate  
China Aviation Oil 13 Aug Lim & Tan $0.87 $1.24 Buy P/E
HR Networks 13 Aug Maybank Kim Eng $0.67 $0.70 (Downgrade) Hold P/E
Q & M Dental 13 Aug CGS CIMB $0.275 $0.37 Add P/E
Keppel Infrastructure 12 Aug OCBC $0.445 $0.55 Buy  
Singtel 12 Aug Maybank Kim Eng $2.84 $3.40 Buy SOTP
APAC Realty 12 Aug CGS CIMB $0.385 $0.45 (Downgrade) Add P/E
Q & M Dental 12 Aug Lim & Tan $0.26 $0.37 (Consensus) Accumulate  
Daiwa House Log Trust 12 Aug Lim & Tan $0.58   Accumulate  
Capitaland Ascendas Reit 12 Aug UOB Kayhian $2.65 $3.44 Buy DDM
Thai Bev 12 Aug Phillip Securities $0.50 $0.63 Buy P/E
Singapore Exchange 12 Aug Phillip Securities $9.82 $10.78 (Upgrade) Accumulate P/E
SembCorp Ind 12 Aug Phillip Securities $4.75 $6.27 (Upgrade) Buy (Upgrade) EV/EBITDA
Sasseur Reit 12 Aug Phillip Securiites $0.68 $0.87 Buy DDM
Cromwell European Reit 12 Aug Phillip Securities Eur 1.41 Eur 1.91 Buy DDM
Frasers Property Ltd 9 Aug CGS CIMB $0.785 $1.41 Add RNAV
Starhill Global Reit 8 Aug DBS Research $0.475 $0.68 Buy  
Cromwell European Reit 8 Aug DBS Research Euro 1.43 Euro 1.90 (Downgrade) Buy  
Elite UK Reit 8 Aug Phillip Securities GBP 0.27 GBP 0.32 Buy DDM
Riverstone 8 Aug UOB Kayhian $0.925 $1.16 Buy P/E
DBS Group 8 Aug UOB Kayhian $33.65 $41.50 (Upgrade) Buy P/BV
CSE Global 8 Aug UOB Kayhian $0.465 $0.60 (Upgrade) Buy P/E
Frencken Group 7 Aug Maybank Kim Eng $1.18 $1.77 Buy  
Dyna Mac 7 Aug OCBC $0.52 $0.665 (Upgrade) Buy  
BRC Asia 7 Aug CGS CIMB $2.16 $2.40 (Downgrade) Add P/BV
Paragon Reit 7 Aug CGS CIMB $0.855 $0.85 Hold DDM
Oiltek 7 Aug Phillip Securities $0.445 $0.70 Buy P/E
CSE Global 7 Aug Lim & Tan $0.45 $0.59 Accumulate  
Venture Corp 7 Aug UOB Kayhian $14.40 $16.17 Buy P/E
Manulife US Reit 6 Aug CGS CIMB US$0.07 US$0.22 Add DDM
SembCorp Ind 6 Aug CGS CIMB $4.45 $7.32 (Upgrade) Add P/E
Lendlease Global Commercial Reit 6 Aug Phillip Securities $0.56 $0.80 (Downgrade) Buy DDM
Paragon Reit 6 Aug DBS Research $0.855 $$1.05 Buy  
Keppel Ltd 6 Aug Phillip Securities $6.00 $7.60 (Downgrade) Buy (Upgrade) SOTP
UOL 6 Aug OCBC Investment Research $5.25 $8.11 Buy  
WIlmar Intl 6 Aug UOB Kayhian $3.09 $3.25 (Downgrade) Hold P/E
Netlink NBN Trust 6 Aug UOB Kayhian $0.835 $0.98 Buy DCF
CSE Global 6 Aug Lim & Tan $0.435 $0.59 (Consensus) Accumulate  
City Dev 5 Aug OCBC Investment Research $5.28 $6.75 Buy  
Beng Kuang Marine 5 Aug Maybank Kim Eng $0.24 $0.29 (Downgrade) Buy P/E
Hongkong Land Holdings 5 Aug CGS CIMB US$3.26 US$3.21 (Hold) Hold NAV
Seatrium 5 Aug UOB Kayhian $1.49 $2.31 (Downgrade) Buy P/E
Far East Hospitality Trust 5 Aug UOB Kayhian $0.63 $0.73 Buy DDM
DFI Retail Group Holdings 5 Aug UOB Kayhian US$1.74 US$2.57 Buy P/E
United Overseas Bank 5 Aug Phillip Securities $31.83 $34.90 Accumulate (Downgrade) P/BV
Pan United Corp 5 Aug Phillip Securities $0.525 $0.68 (Upgrade) Buy DCF
OCBC 5 Aug Phillip Securities $14.80 $15.40 Accumulate P/BV
Keppel Reit 2 Aug Maybank Kim Eng $0.89 $1.00 Buy DDM
AIMS APAC Reit 2 Aug Maybank Kim Eng $1.31 $1.39 Buy DDM
SEA Ltd 2 Aug CGS CIMB US$64.05 US$88.00 Add SOP
OCBC 2 Aug CGS CIMB $14.82 $16.70 Add GGM
Japfa 2 Aug CGS CIMB $0.335 $0.43 (Upgrade) Add P/BV
United Overseas Bank 1 Aug CGS CIMB $32.04 $36.40 Add GGM
Keppel Ltd 1 Aug CGS CIMB $6.33 $8.28 (Downgrade) Add SOP
Frasers Logistic and Commercial Trust 1 Aug DBS Research $0.99 $1.44 Buy  
ESR Logos Reit 1 Aug DBS Research $0.275 $0.34 Buy  
Keppel Pacific Oak US Reit 1 Aug UOB Kayhian US$0.20 US$0.34 Buy DDM
Capitaland Ascott Trust 31 July Maybank Kim Eng $0.90 $1.10 Buy DDM
Far East Hospitality 31 July CGS CIMB $0.63 $0.78 (Upgrade) Add DDM
Starhill Global Reit 31 July OCBC Investment $0.485 $0.50 Buy  
Mapletree Pan Asia Trust 31 July CGS CIMB $1.29 $1.58 Add DDM
Venture Corp 31 July UOB Kayhian $14.96 $16.37 Buy P/E
SIA 31 July CGS CIMB $6.97 $5.88 (Downgrade) Reduce (Downgrade) P/BV
CDL Hospitality Trust 31 July CGS CIMB $0.97 $1.16 (Downgrade) Add DDM
Capitaland Ascendas Reit 30 July CGS CIMB $2.68 $3.06 Add DDM
SATS 30 July CGS CIMB $3.17 $4.10 (Upgrade) Add DCF
Keppel Reit 30 July CGS CIMB $0.885 $1.15 Add DDM
Aztech Global Ltd 30 July CGS CIMB $1.02 $1.21 (Downgrade) Add P/E
Sheng Siong Group 30 July CGS CIMB $1.50 $1.90 (Upgrade) Add P/E
Sheng Siong Group 30 July Lim & Tan $1.50 $1.80 (Consensus) Accumulate  
Raffles Medical Group 30 July CGS CIMB $1.00 $1.15 (Downgrade) Add EV/EBITDA
First Reit 30 July Phillip Securities $0.25 $0.30 Buy DDM
Seatrium 29 July DBS Research $1.50 $3.00 Buy P/BV
Suntec Reit 29 July Phillip Securities $1.18 $1.41 Buy DDM
Capitaland Ascott Trust 29 July Phillip Securities $0.905 $1.04 Buy DDM
Parkway Life Reit 29 July OCBC Investment Research $3.58 $4.29 Buy  
Parkway Life Reit 29 July Lim & Tan $3.58 $4.27 (Consensus)    
Raffles Medical Group 29 July Lim & Tan $1.02 $1.14 (Consensus) Hold  
SIA Engineering 29 July UOB Kayhian $2.29 $2.70 Buy DCF
Mapletree Ind Trust 29 July UOB Kayhian $2.27 $2.78 Buy DDM
Keppel DC Reit 29 July UOB Kayhian $1.90 $2.09 (Upgrade) Buy DDM
IFAST 29 July UOB Kayhian $7.50 $8.03 (Upgrade) Hold P/E
First Reit 26 July OCBC Investment Research $0.255 $0.28 Buy  
UOB  26 July DBS Research $32.50 $34.50 Buy P/BV
First Reit 26 July Lim & Tan $0.255   Accumulate  
Capitaland Ascott Trust 26 July Lim & Tan $0.90 $1.21 (Consensus) Accumulate  
OUE Reit 26 July Phillip Securities $0.28 $0.33 Buy DDM
Mapletree Log Trust 25 July OCBC Investment Research $1.35 $1.65 (Downgrade) Buy  
Frasers Centerpoint Trust 25 July OCBC Investment Research $2.19 $2.46 (Upgrade) Buy  
Mapletree Ind Trust 25 July DBS Research $2.26 $2.60 Buy  
Genting Singapore 25 July CGS CIMB $0.85 $1.30 Add EV/EBITDA
OUE Reit 25 July Lim & Tan $0.29 $0.32 (Consensus) Accumulate on Weakness  
Riverstone Holdings 25 July UOB Kayhian $0.95 $1.16 (Upgrade) Buy P/E
Digital Core Reit 25 July UOB Kayhian US$0.62 US$0.81 (Upgrade) Buy DDM
Yanlord 24 July DBS Research $0.44 $0.67 Buy NAV
HPH Trust 24 July Lim & Tan US$0.129 US$0.32 (Consensus) Accumulate  
Civmec 24 July Lim & Tan $0.945 $1.20 Accumulate P/E
CSE Global 23 July Maybank Kim Eng $0.46 $0.64 Buy  
Dyna Mac 23 July OCBC Investment Research $0.505 $0.605 (Upgrade) Buy  
SEA Ltd 23 July CGS CIMB US$67.47 US$88.00 Add SOP
Q & M Dental 23 July Lim & Tan $0.28 $0.37 (Consensus) Accumulate  
Seatrium 23 July Lim & Tan $1.45 $2.71 (Consensus) Accumulate  
Marco Polo Marine 23 July UOB Kayhian $0.057 $0.086 Buy  
Yangzijiang 23 July UOB Kayhian $2.30 $2.86 Buy P/E
SembCorp Ind 23 July UOB Kayhian $4.62 $7.49 Buy P/E
Keppel Corp 23 July UOB Kayhian $6.57 $8.89 Buy SOTP
Kimly 22 July UOB Kayhian $0.31 $0.35 (Download) Hold P/E
Suntec Reit 22 July Phillip Securities $1.07 $1.41 Buy  
OUE Reit 22 July Phillip Securities $0.27 $0.33 Buy  
Lendlease Global Commercial Reit 22 July Phillip Securities $0.56 $0.83 Buy  
Far East Hospitality 22 July Phillip Securities $0.62 $0.79 Buy  
OCBC 19 July UOB Kayhian $15.12 $18.35 Buy P/BV
Thai Beverage 19 July UOB Kayhian $0.50 $0.60 Buy P/BV
DBS Group 19 July UOB Kayhian $36.90 $41.40 Buy P/BV
Singtel 18 July Phillip Securities $3.08 $3.44 (Upgrade) Accumulate (Downgrade) SOP
SATS 18 July Lim & Tan $3.27 $2.75 (Consensus)    
Thai Bev 18 July Lim & Tan $0.495 $0.64 (Consensus) Accumulate  
HongKong Land 17 July CGS CIMB US$3.39 US$3.30 (Downgrade) Hold NAV
Ossia  17 July Lim & Tan $0.155 General Offer $0.145 Accept the Offer (ID Recommendation)  
SIA 17 July UOB Kayhian $7.09 $6.43 (Upgrade) Hold P/BV
Singtel 16 July OCBC Research $3.01 $3.50 (Upgrade) Buy  
UOB 16 July Lim & Tan     Hold  
OCBC 16 July Lim & Tan     Hold  
DBS Group 16 July Lim & Tan     Hold  
Civmec 16 July Lim & Tan $0.87 $1.20 Accumulate  P/E
ST Engineering 16 July UOB Kayhian $4.38 $4.95 (Upgrade) Buy DCF
Capitaland Integrated Commercial Trust 16 July UOB Kayhian $2.09 $2.29 (Upgrade) Buy DDM
UOL 15 July CGS CIMB $5.43 $8.20 Add RNAV
City Dev 15 July CGS CIMB $5.49 $8.97 Add RNAV
Capitaland Investment 15 July CGS CIMB $2.81 $4.30 Add RNAV
Comfortdelgro 15 July CGS CIMB $1.39 $1.70 Add P/E
Yangzijiang Shipbuilding 15 July CGS CIMB $2.30 $2.50 Add P/BV
Capitaland Investments 15 July Lim & Tan $2.81 $3.68 (Consensus) Accumulate  
Prime US Reit 15 July UOB Kayhian US$0.129 US$0.28 Buy DDM
UOB Group 15 July Phillip Securities $33.05 $34.90 Buy P/BV
OCBC 15 July Phillip Securities $15.28 $15.40 Add P/BV
DBS Group 15 July Phillip Securities $37.93 $38.50 Add P/BV
Yangzijiang Shipbuilding 12 July CGS CIMB $2.26 $2.50 (Upgrade) Add P/BV
Wilmar 12 July CGS CIMB $3.10 $3.94 Add P/E
Boustead Singapore 12 July Lim & Tan $1.04 $1.40 (Consensus) Accumulate  
SembCorp Ind 12 July CGS CIMB $4.77 $7.49 Buy P/E
Keppel DC Reit 12 July CGS CIMB $1.91 $1.99 (Upgrade) Hold DDM
Capitaland Ascendas Reit 11 July UOB Kayhian $2.57 $3.44 Buy DDM
Mapletree Ind Trust 11 July UOB Kayhian $2.11 $2.78 Buy DDM
Digital Core Reit 11 July UOB Kayhian US$0.65 US$0.80 Buy DDM
Frasers Centerpoint Trust 11 July DBS Research $2.15 $2.70 Buy  
Nanofilm 10 July DBS Research $0.84 $0.63 Hold  
Dyna-Mac 9 July OCBC $0.495 $0.52 Buy  
Capitaland Investment 9 July Lim & Tan $2.64 $3.67 (Consensus) Accumulate  
Netlink Trust  9 July Lim & Tan $0.83 $0.96 (Consensus) Accumulate  
Mapletree Pan Asia Commercial Trust 9 July UOB Kayhian $1.23 $1.68 Buy DDM
Beng Kuang Marine 8 July Maybank Kim Eng $0.28 $0.47 Buy (Initiate) P/E
Dyna Mac 8 July Lim & Tan $0.455 $0.52 (Consensus) Buy  
CSE Global 8 July UOB Kayhian $0.405 $0.46 Buy P/E
Mapletree Pan Asia Commercial Trust 5 July CGS CIMB $1.23 $1.58 Add DDM
Comfortdelgro 5 July CGS CIMB $1.35 $1.70 Add P/E
Centurion Corp 5 July Lim & Tan $0.585 $0.66 Accumulate  
Marco Polo Marine 5 July Maybank Kim Eng $0.06 $0.09 Buy P/E
First Reit 5 July Phillip Securities $0.25 $0.30 (Initiate) Buy DDM
Bukit Sembawang 4 July Lim & Tan $3.40 $5.92 (Consensus) Accumulate  
Marco Polo Marine 4 July UOB Kayhian $0.058 $0.086 Buy  
CSE Global 4 July UOB Kayhian $0.39 $0.56 Buy  
Yangzijiang 4 July UOB Kayhian $2.44 $2.86 Buy  
SembCorp Ind 4 July UOB Kayhian $4.65 $7.49 Buy  
Genting S 4 July UOB Kayhian $0.83 $1.25 Buy  
Capitaland Investment 4 July UOB Kayhian $2.64 $4.04 Buy  
OCBC 4 July UOB Kayhian $14.98 $18.35 Buy P/BV
DBS Group 4 July UOB Kayhian $37.96 $41.40 Buy P/BV
Valuetronics 3 July Lim & Tan $0.64 $0.77 (Consensus) Accumulate  
Mermaid Maritime 3 July Lim & Tan $0.19 $0.30 Buy (Initiate) P/E
SIA 2 July Lim & Tan $6.88   Accumulate  
Mapletree Pan Asia 2 July UOB Kayhian $1.24 $1.73 Buy  
MapleTree Ind Trust 2 July UOB Kayhian $2.11 $2.78 Buy  
Lendlease Reit 2 July UOB Kayhian $0.56 $0.85 Buy  
Keppel Reit 2 July UOB Kayhian $0.84 $1.15 Buy  
Far East H Trust 2 July UOB Kayhian $0.63 $0.77 Buy  
Civmec 2 July Maybank Kim Eng $0.83 $1.05 Buy P/E
UMS Holdings 1 July DBS Research $1.18 $1.00 Hold  
Valuetronics 1 July Phillip Securities $0.64 $0.76 Buy  
Keppel Ltd 1 July Phillip Securities $6.49 $7.98 Accumulate  
ST Engineering 1 July Phillip Securities $4.34 $4.90 Accumulate  
OUE Reit 1 July Phillip Securities $0.26 $0.33 Buy  
Singtel 1 July Maybank Kim Eng $2.76 $3.40 Buy SOTP
Singtel 1 July DBS Research $2.75 $3.50 Buy  
UOB 1 July CGS CIMB $31.33 $33.30 Add  
OCBC 1 July CGS CIMB $14.33 $15.40 Add  
Mapletree Pan Asia Commercial Trust 28 June Lim & Tan $1.22 $1.55 Accumulate  
Valuetronics 28 June UOB Kayhian $0.635 $0.78 Buy P/E
Yangzijiang Financial 27 June Lim & Tan $0.345 $0.45 (Consensus) Accumulate  
Netlink Trust 27 June  Lim & Tan $0.825 $0.96 (Consensus) Accumulate  
Digital Core Reit  27 June UOB Kayhian US$0.56 US$0.85 Buy DDM
OCBC 27 June UOB Kayhian $14.40 $18.35 Buy  
DBS Group 27 June UOB Kayhian $35.69 $41.40 Buy  
CDL Hospitality Trust 27 June CGS CIMB $0.955 $1.25 Add DDM
First Reit 26 June Maybank Kim Eng $0.25 $0.28 Buy Initiate DDM
ST Engineering 26 June Maybank Kim Eng $4.14 $4.60 (Upgrade) Buy SOTP
Seatrium 26 June UOB Kayhian $1.49 $2.35 (Downgrade) Buy P/BV
Singpost 26 June Lim & Tan $0.445 $0.62 (Consensus) Accumulate  
AEM 25 June DBS Research $1.85 $1.97 Hold  
Mapletree Ind Trust 25 June UOB Kayhian $2.14 $2.93 Buy  
Capitaland Ascendas Reit 25 June UOB Kayhian $2.54 $3.62 Buy  
Centurion 24 June Lim & Tan $0.575 $0.66 (Upgrade) Accumulate  
Thai Bev 24 June UOB Kayhian $0.47 $0.57 (Downgrade) Buy SOTP
OUE Reit 24 June Phillip Securiites $0.26 $0.33 Initiate Buy DDM
Far East Hospitality Trust 24 June Phillip Securities $0.62 $0.79 Buy  
Lendlease Global Commercial  24 June Phillip Securities $0.57 $0.83 Buy  
Paragon Reit 21 June CGS CIMB $0.865 $0.85 (Downgrade) Hold DDM
Capitaland Investment 21 June Lim & Tan $2.65 $3.67 (Consensus)    
Paragon Reit 21 June DBS Research $0.84 $1.05 Buy DCF
Civmec 21 June UOB Kayhian $0.815 $1.23 Buy P/E
Venture Corp 20 June CGS CIMB $14.00 $15.93 Add P/E
SIA Engineering 20 June Lim & Tan $2.33 $2.71 (Consensus)    
Civmec 20 June Lim & Tan $0.82 $1.14 (Consensus) Accumulate  
Dyna Mac 19 June Maybank Kim Eng $0.38 $0.52 Buy P/E
Singtel 19 June CGS CIMB $2.58 $2.90 Add SOP
Keppel DC Reit 11 June UOB Kayhian $1.78 $2.20 Buy DDM
AEM 10 June CGS CIMB $1.97 $1.82 (Downgrade) Reduce P/E
Yangzijiang 10 June UOB Kayhian $2.41 $2.86 Buy P/E
Oiltek International Ltd 10 June Phillip Securities $0.365 $0.70  Buy (Initate) EV/EBITDA
SembCorp Ind 7 June Lim & Tan $5.06 $7.00 Accumulate (Consensus)  
LHN 7 June UOB Kayhian $0.33 $0.40 Buy P/E
Yangzijiang Financial 6 June Lim & Tan $0.325 $0.45 (Consensus) Accumulate  
United Overseas Bank 6 June Phillip Securities $30.86 $34.90 Buy P/BV
OCBC 6 June Phillip Securities $14.32 $15.40 Accumulate P/BV
DBS Group 6 June Phillip Securities $35.73 $38.50 Accumulate P/BV
Seatrium 5 June CGS CIMB $1.78 $2.62 Add P/BV
SIA 5 June Lim & Tan $6.80 $6.88 (Consensus) Accumulate  
Keppel Ltd 4 June Lim & Tan $6.68 $8.31 (Consensus) Accumulate  
Capitaland Ascott Trust 4 June Lim & Tan $0.895 $1.18 (Consensus) Accumulate  
Lendlease Reit 4 June UOB Kayhian $0.55 $0.96 Buy  
Keppel Reit 4 June UOB Kayhian $0.855 $1.20 Buy  
Frasers Log & Commercial Trust 4 June UOB Kayhian $0.99 $1.55 Buy  
Far East Hospitality Trust 4 June UOB Kayhian $0.63 $0.82 Buy  
Frasers Centerpoint Trust 4 June UOB Kayhian $2.17 $2.71 Buy  
CDL H Trust 4 June UOB Kayhian $0.98 $1.48 Buy  
Mapletree Pan Asia Commercial Trust 3 June UOB Kayhian $1.22 $1.90 Buy (Upgrade) P/NAV
Delfi Ltd 3 June CGS CIMB $0.855 $1.10 Add (Downgrade) P/E
Valuetronics 3 June Phillip Securities $0.625 $0.76 Buy P/E
OUE Reit 31 May KGI Fraser $0.27 $0.309 Outperform  
Singtel 31 May CGS CIMB $2.46 $2.90 (Upgrade) Add SOP
Q&M Dental 30 May KGI $0.24 $0.35  Outperform (Initiate) DCF
Delfi 30 May UOB Kayhian $0.875 $1.07 Hold P/E
Grand Venture  29 May DBS Research $0.525 $0.58 Buy  
Delfi 29 May Lim & Tan $0.885 $1.20 (Consensus) Accumulate  
Seatrium 29 May UOB Kayhian $1.75 $3.23 (Upgrade) Buy P/BV
Civmec 28 May UOB Kayhian $0.795 $1.23 Buy P/E
Frencken Group 27 May Maybank Kim Eng $1.45 $1.77 Buy  
Seatrium 27 May DBS Research $1.54 $3.00 Buy P/BV
Singtel 27 May Phillip Securities $2.42 $3.00 Buy SOP
Marco Polo Marine 27 May UOB Kayhian $0.067 $0.086 Buy P/E
HongKong Land 24 May DBS Research US$3.39 US$4.05 Buy NAV
Mapletree Log Trust 24 May DBS Research $1.37 $1.75 Buy  
Seatrium 24 May CGS CIMB $1.58 $2.62 Add P/BV
Marco Polo Marine 24 May Lim & Tan $0.068 $0.83 Buy P/E
Singtel 23 May CGS CIMB $2.40 $2.84 Add SOP
City Dev 23 May Phillip Securities $5.77 $6.87 Buy RNAV
City Dev 23 May Lim & Tan $5.85 $7.39 (Consensus) Accumulate  
Sheng Siong Group 23 May UOB Kayhian $1.50 $1.88 Buy P/E
Netlink NBN Trust 23 May Phillip Securities $0.865 $0.87 Neutral DCF
LHN Limited 23 May Phillip Securities $0.33 $0.42 (Upgrade) Buy P/E
OUE Limited 21 May Lim & Tan $1.05 $1.25 (Equal Access Offer) Accept Offer if Market Price is Lower  
LHN Limited 21 May Lim & Tan $0.335 $0.47 Accumulate P/E
SIA Engineering 21 May KGI  $2.33 $2.59 Outperform P/E
Centurion Corp 21 May UOB Kayhian $0.535 $0.77 Buy P/E
Mapletree Log Trust 21 May UOB Kayhian $1.37 $1.89 Buy  
Capland Integrated Commercial Trust 21 May UOB Kayhian $1.97 $2.34 Buy  
Capland Ascendas Reit 21 May UOB Kayhian $2.64 $3.62 Buy  
Seatrium 20 May CGS CIMB $1.56 $2.68 Add  
ComfortDelgro 20 May CGS CIMB $1.38 $1.70 Add  
Capitaland Investment Ltd 20 May CGS CIMB $2.72 $4.30 Add  
SIA 20 May OCBC Research $6.78 $7.53 Buy P/BV
PropNex 20 May DBS Resaerch $0.87 $0.95 Hold  
APAC Realty 20 May DBS Research $0.395 $0.48 Hold  
RE & S 20 May Lim & Tan $0.265 $0.36 (Offer Price) Vote In Favour  
SembCorp Ind 20 May Lim & Tan $5.26 $6.77 (Consensus) Accumulate  
Sea Ltd 20 May Phillip Securities US$73.76 US$75 (Upgrade) Neutral (Downgrade) DCF
Suntec Reit 20 May Phillip Securities $1.15 $1.41 Buy  
Sasseur Reit 20 May Phillip Securities $0.68 $0.87 Buy  
Lendlease Global Commercial Reit 20 May Phillip Securities $0.58 $0.83 Buy  
Far East Hospitality Trust 20 May Phillip Securities $0.63 $0.79 Buy  
Netlink NBN Trust 17 May Phillip Securities $0.865 $1.01 (Consensus) Accumulate  
OCBC 17 May Phillip Securites $14.35 $15.40 Accumulate  
UOB Ltd 17 May Phillip Securities $30.15 $34.90 Accumulate  
DBS Group 17 May Phillip Securities $35.59 $38.50 Accumulate  
Grab Holdings 17 May CGS CIMB US$3.60 US$4.30 Add SOP
Thai Bev 16 May Phillip Securities $0.495 $0.63 Add P/E
Singtel 16 May CGS CIMB $2.43 $2.84 Add SOP
SIA 16 May Lim & Tan $6.81   Accumulate  
Riverstone 16 May UOB Kayhian $0.93 $1.12 Buy P/E
First Resources 16 May UOB Kayhian $1.42 $1.65 Buy P/E
Starhub 16 May Phillip Securities $1.26 $1.29 Accumulate EV/EBITDA
Silverlake Axis 16 May Phillip Securities $0.30 $0.33 (Downgrade) Accumulate P/E
ComfortDelgro 15 May Phillip Securities $1.41 $1.63 Buy DCF
Hyphens Pharma 15 May CGS CIMB $0.29 $0.35 Add DCF
Frencken Group 15 May CGS CIMB $1.36 $1.70 Add P/E
Food Empire 15 May CGS CIMB $1.12 $1.73 (Downgrade) Add P/E
LHN Ltd 15 May Lim & Tan $0.335   Accumulate  
Marco Polo Marine 15 May Lim & Tan $0.071 $0.085 (Consensus) Accumulate P/E
Thai Bev 15 May UOB Kayhian $0.505 $0.70 Buy SOTP
SEA 15 May UOB Kayhian US$64.46 US$78.39 Buy SOTP
Bumitama Agri 15 May UOB Kayhian $0.685 $0.70 Buy P/E
Silverlake Axis 15 May CGS CIMB  $0.29 $0.31 (Downgrade) Hold P/E
Sasseur Reit 15 May Phillip Securities $0.57 $0.87 Buy DDM
ComfortDelgro 14 May CGS CIMB $1.44 $1.70 Add P/E
Starhub 14 May CGS CIMB $1.26 $1.30 (Upgrade) Add DCF
ST Engineering 14 May Phillip Securities $4.17 $4.90 (Upgrade) Accumulate DCF
ST Engineering 14 May UOB Kayhian $4.03 $4.50 Buy WACC
RH Petrogas 14 May UOB Kayhian $0.164 $0.242 Buy SOTP
UMS Holdings 13 May CGS CIMB $1.11 $1.06 Hold P/E
ST Engineering 13 May CGS CIMB $3.98 $4.36 Add P/E
SIA Engineering 13 May CGS CIMB $2.29 $2.75 Add P/E
Frasers Property Ltd 13 May CGS CIMB $0.80 $1.41 Add RNAV
Genting Singapore 13 May CGS CIMB $0.885 $1.30 Add EV/EBITDA
Prime US Reit 13 May Phillip Securities US$0.11 US$0.12 (Downgrade) Accumulate (Downgrade) P/NAV
OCBC 13 May Phillip Securities $14.12 $15.40 (Upgrade) Accumulate (Downgrade) GGM
BRC Asia Ltd 13 May Phillip Securiites $2.06 $2.27 Accumulate DCF
Keppel Ltd 10 May DBS Research $6.62 $9.00 Buy  
CSE Global 10 May CGS CIMB $0.41 $0.57 (Downgrade) Add P/E
Centurion Corp 10 May CGS CIMB $0.51 $0.65 (Upgrade) Add RNAV
Civmec 10 May Maybank Kim Eng $0.78 $1.05 Buy P/E
AEM 10 May Maybank Kim Eng $2.32 $2.04 (Downgrade) Hold (Downgrade) P/E
SingPost 10 May Lim & Tan $0.46 $0.56 (Consensus) Accumulate  
BRC Asia 9 May Lim & Tan $1.97 $2.30 (Consensus) Accumulate  
UOB Limited 9 May Phillip Securities $29.88 $34.90 Buy GGM
AIMS APAC Reit 8 May Maybank Kim Eng $1.27 $1.39 Buy  
Seatrium 8 May OCBC $1.94 $2.73 Buy  
Boustead 8 May OCBC $0.935 $1.20 Buy  
UOB 8 May CGS CIMB $30.55 $33.30 Add  
Daiwa House Log Trust 8 May Lim & Tan $0.57 $0.75 (Consensus) Accumulate  
Frasers Log and Commercial Trust 8 May UOB Kayhian $1.01 $1.55 (Upgrade) Buy DDM
Lendlease Global Comm Reit 7 May Phillip Securities $0.55 $0.83 Buy DDM
Grab Holdings  7 May CGS CIMB US$3.53 US$4.30 Add EV/EBITDA
Lendlease Global Com Reit 7 May DBS Research $0.55 $0.90 Buy  
Frasers Log & Com Trust 7 May Lim & Tan $1.01 $1.25 Accumulate  
AIMS APAC Reit 7 May Lim & Tan $1.27   Accumulate  
Wilmar 7 May UOB Kayhian $3.22 $3.35 Buy  
Starhub 7 May UOB Kayhian $1.18 $1.41 Buy  
Marco Polo Marine 7 May UOB Kayhian $0.068 $0.086 Buy  
Yangzijiang 7 May UOB Kayhian $1.71 $2.19 Buy  
SembCorp Ind 7 May UOB Kayhian $5.31 $7.49 Buy  
Seatrium 7 May UOB Kayhian $1.82 $3.02 Buy  
Keppel Corp 7 May UOB Kayhian $6.82 $8.89 Buy  
LHN Limited 6 May Lim & Tan $0.33   Accumulate on Weakness  
Far East Hospitality 6 May UOB Kayhian $0.615 $0.82 Buy DDM
Venture Corp 6 May Phillip Securities $12.75 $14.22 Neutral P/E
Elite Commercial Reit 6 May Phillip Securities GBP 0.24 GBP 0.32 (Downgrade) Buy DDM
Japfa 3 May CGS CIMB $0.325 $0.37 Add P/BV
Capitaland India Trust 3 May Lim & Tan $1.03 $1.26 Accumulate  
CSE Global 3 May Lim & Tan $0.425   Accumulate  
DBS Group 3 May Phillip Securities $35.55 $38.50 (Downgrade) Accumulate (Downgrade) P/BV
Cromwell European Reit 3 May CGS CIMB Euro 1.49 Euro 2.02 Add DDM
Parkway Life Reit 2 May OCBC $3.59 $4.29 Buy  
DBS Group 2 May Lim & Tan $34.90   Accumulate (Upgrade)  
CDL Hospitality Trust 2 May UOB Kayhian $0.975 $1.48 Buy DDM
Mapletree Log Trust 2 May UOB Kayhian $1.35 $1.89 (Upgrade) Buy DDM
Starhill Global Reit 2 May OCBC $0.48 $0.50 Hold  
Far East Hospitality Trust 2 May Phillip Securities $0.62 $0.79 Buy DDM
Singtel 2 May Phillip Securities $2.38 $2.80 Buy SOP
CSE Global 1 May Maybank Kim Eng $0.43 $0.64 Buy P/E
Cromwell European Reit 30 April DBS Research Euro 1.49 Euro 2.00 Buy  
IReit Global 30 April DBS Research $0.325 $0.44 Hold  
Mapletree Log Trust 30 April Lim & Tan $1.34 $1.66 Accumulate  
Singtel 30 April UOB Kayhian $2.35 $2.99 Buy EV/EBITDA
Wilmar Intl 30 April UOB Kayhian $3.34 $3.35 Hold SOTP
Mapletree Pan Asia Commercial Trust 30 April UOB Kayhian $1.26 $1.89 (Upgrade) Buy DDM
SIA 29 April CGS CIMB $6.54 $6.76 (Downgrade) Hold P/BV
IFAST Corporation 29 April CGS CIMB $7.10 $9.10 Add DCF
LHN 29 April Lim & Tan $0.325 $0.47    
Daiwa House Log Trust 29 April Lim & Tan $0.58 $0.75    
Winking Studio 29 April KGI Fraser $0.25 $0.34 (Initate Buy) Outperform DCF
IFAST 29 April CGS CIMB $7.10 $9.10 Add DCF
Sheng Siong Group 29 April Phillip Securities $1.53 $1.66 Accumulate P/E
Capitaland Investment Ltd 29 April Phillip Securities $2.64 $3.38 Buy SOP
Mapletree Ind Trust 26 April CGS CIMB $2.27 $2.61 Add DDM
Keppel Ltd 26 April Phillip Securities $6.84 $7.98 Accumulate SOTP
Frasers Centerpoint Trust 26 April Phillip Securities $2.17 $2.38 Accumulate DDM
OUE Reit 26 April CGS CIMB $0.275 $0.30 (Downgrade) Hold DDM
Fraser Centerpoint Trust 26 April UOB Kayhian $2.17 $2.71 Buy DDM
Suntec Reit 26 April Phillip Securities $1.11 $1.41 (Downgrade) Buy DDM
Keppel Ltd 25 April CGS CIMB $7.11 $8.98 Add SOP
Frasers Centerpoint Trust 25 April Lim & Tan $2.18 $2.48 Accumulate  
Capitaland Ascott Trust 25 April Phillip Securities $0.90 $1.04 Buy (Upgrade) DDM
Suntec Reit 25 April Lim & Tan $1.10 $1.23 Accumulate  
SEA (SE US) 25 April UOB Kayhian US$62.01 US$78.39 (Upgrade) Buy PS
Capitaland Ascott Trust 25 April UOB Kayhian $0.905 $1.40 Buy DDM
First Reit 24 April Lim & Tan $0.25   Accumulate  
Mapletree Pan Asia Commercial Trust 24 April Lim & Tan $1.25 $1.64 (Consensus) Accumulate on Weakness  
SEA Ltd 24 April CGS CIMB US$59.43 US$76.00 Add SOP
ESR-LOGOS Reit 23 April CGS CIMB $0.29 $0.39 Add DDM
Aztech Global 23 April CGS CIMB $0.935 $1.23 Add P/E
Keppel Reit 23 April Lim & Tan $0.85 $1.01 Accumulate  
Nanofilm Tech 23 April CGS CIMB $0.64 $0.70 Hold P/E
ComfortDelgro 23 April UOB Kayhian $1.48 $1.72 (Upgrade) Buy P/E
AEM 22 April CGS CIMB $2.29 $2.32 Hold  
Capitaland Ascendas Reit 22 April CGS CIMB $2.55 $3.06 Add DDM
Sheng SIong 22 April Lim & Tan $1.50 $1.74 (Consensus) Accumulate  
Wilmar 22 April UOB Kayhian $3.37 $3.35 Hold SOTP
Keppel DC Reit 22 April Phillip Securities $1.64 $1.86 Accumulate DDM
Capitaland Integrated Commercial Trust 22 April CGS CIMB $1.86 $2.18 Add DDM
ComfortDelgro 19 April Lim & Tan $1.46   Accumulate  
Keppel Pacific Oak US Reit 18 April UOB Kayhian US$0.14 US$0.35 Buy DDM
Hong Leong Asia 18 April CGS CIMB $0.60 $1.00 Add P/E
Genting Singapore 18 April UOB Kayhian $0.91 $1.25 Buy EV/EBITDA
Keppel DC Reit 17 April CGS CIMB $1.68 $1.88 Hold DDM
Marco Polo Marine 17 April Maybank Kim Eng $0.07 $0.088 Buy P/E
Delfi 17 April Lim & Tan $0.91 $1.30 (Downgraded) Accumulate P/E
SIA 17 April UOB Kayhian $6.22 $6.31 Hold P/BV
OCBC 16 April UOB Kayhian $13.71 $18.15 Buy  
DBS Group 16 April UOB Kayhian $35.64 $43.25 Buy  
Elite Commercial Reit 15 April CGS CIMB Euro 0.24 Euro 0.38 Add DDM
Suntec Reit 15 April Phillip Securities $1.15 $1.47 Buy  
Lendlease Global Commercial Reit 15 April Phillip Securities $0.58 $0.83