STI - 3,819.78 ( Part - 2 )

Hsu Fu Chi Int Ltd - Buy
Previous Close: S$1.18, Target Price (12 Months): S$1.45 - By DBS Group Research

Jiutian - Buy
Previous Close: S$0.615, Target Price (12 Months): S$0.72 - By DBS Group Research

Man Wah Holdings - Buy
Previous Close: S$0.725, Target Price (12 Months): S$1.10 - By DBS Group Research

Allco Commercial REIT - Buy
Previous Close: S$1.04, Target Price (12 Months): S$1.65 - By DBS Group Research

Raffles Medical - Buy
Previous Close: S$1.53, Target Price (12 Months): S$1.80 - By DBS Group Research

Suntec REIT - Buy
Previous Close: S$1.84, Target Price (12 Months): S$2.46 - By DBS Group Research

Ezra - Buy
Previous Close: S$7.00, Target Price (12 Months): S$8.00 - By DBS Group Research

UOB - Buy
Previous Close: S$22.00, Target Price (12 Months): S$27.50 - By DBS Group Research

STI - 3,819.78 ( Part - 1 )

CapitaLand Limited - Hold
Previous Close: S$8.05, Fair Value: S$7.83 - By OCBC Investment Research

Labroy Marine - Hold
Previous Close: S$2.75, Target Price: S$2.84 - By KELIVE Research

Labroy Marine - Neutral
Previous Close: S$2.75, Target Price: S$2.85 - By CIMB

Chartered Semiconductor - UnderPerform
Previous Close: S$1.13, Target Price: S$1.00 - By CIMB

China Sunsine Chemical Hldgs - OutPerform
Previous Close: S$0.31, Target Price: S$0.62 - By CIMB

UOL Group Limited - Buy
Previous Close: S$5.05, Fair Value: S$5.48 - By OCBC Investment Research

Hiap Hoe Limited - Buy
Previous Close: S$0.94, Target Price: S$1.45 - By Westcomb

Keppel Corp - Buy
Previous Close: S$14.30, Fair Value: S$15.87 - By Nomura

SMRT Corporation - UnderPerform
Previous Close: S$1.73, Target Price: S$1.82 - By CIMB

STI - 3,771.55

Raffles Medical Group - OutPerform
Previous Close: S$1.50, Target Price: S$1.66 - By CIMB

Yangzijiang - Buy
Previous Close: S$2.66, Target Price (12 months): S$3.04 - By DBS Group Research

Capital Land - Buy
Previous Close: S$8.05, Target Price: S$10.25 - By KELIVE Research

Capital Land - Buy
Previous Close: S$8.05, Target Price: S$8.85 - By DBS Group Research

China Sports Int’l - Buy
Previous Close: S$1.85, Target Price: S$2.52 - By KELIVE Research

DBS Group Hldgs - Buy
Previous Close: S$22.00, Target Price: S$25.60 - By KELIVE Research

DBS Group Hldgs - Buy
Previous Close: S$22.00, Fair Value: S$25.40 - By Phillip Securities

SMRT Corporation Ltd - Hold
Previous Close: S$1.73, Target Price: S$1.59 - By KELIVE Research

SMRT Corporation Ltd - Hold
Previous Close: S$1.73, Target Price: S$1.78 - By DBS Group Research

United Overseas Land - Buy
Previous Close: S$5.05, Target Price: S$6.80 - By DBS Group Research

Osim International - OutPerform
Previous Close: S$0.595, Fair Value: S$1.00 - By Cazenove

Miyoshi Precison Ltd - Buy
Previous Close: S$0.245, Fair Value: S$0.325 - By OCBC Investment Research

Chartered Semiconductor - Hold
Previous Close: S$1.08, Fair Value: S$1.13 - By OCBC Investment Research

Gems TV Holding Limited - OutPerform
Previous Close: S$0.55, Target Price: S$1.32 - By CIMB

The Ascott Group - OutPerform
Previous Close: S$1.50, Target Price: S$2.25 - By CIMB

STI - 3,707.14

Cosco Corp - Buy
Previous Close: S$7.60, Fair Value: S$8.77 - By Nomura

Keppel Corporation - Buy
Previous Close: S$14.30, Target Price (12 Months): S$16.50 - By DBS Group Research

Keppel Corporation - OutPerform
Previous Close: S$14.30, Target Price: S$18.20 - By CIMB

Keppel Corporation - Buy
Previous Close: S$14.30, Target Price: S$15.60 - By KELIVE Research

Mapletree Logistics Trust - OutPerform
Previous Close: S$1.19, Target Price: S$1.65 - By CIMB

Mapletree Logistics Trust - Buy
Previous Close: S$1.19, Target Price (12 Months): S$1.68 - By DBS Group Research

Man Wah - Buy
Previous Close: S$0.71, Target Price: S$0.89 - By KELIVE Research

People’s Food - Trading Sell
Previous Close: S$1.35, Target Price: S$1.26 - By CIMB

Yanlord Land Group - Buy
Previous Close: S$3.64, Target Price (12 Months): S$4.27 - By DBS Group Research

Eu Yan Sang International - Hold
Previous Close: S$0.61, Fair Value: S$0.56 - By OCBC Investment Research

Suntec REIT - Buy
Previous Close: S$1.84, Fair Value: S$2.18 - By OCBC Investment Research

STI - 3,649.12

Keppel Land Limited - Hold
Previous Close: S$8.25, Fair Value: S$7.90 - By OCBC Investment Research

Ascott Residence Trust - Buy
Previous Close: S$1.58, Fair Value: S$1.94 - By OCBC Investment Research

Elec & Eltek International - Hold
Previous Close: S$1.97, Fair Value: S$3.32 - By Phillip Securities

MacarthurCook Industrial REIT - Buy
Previous Close: S$1.16, Fair Value: S$1.39 - By Phillip Securities

STI - 3,649.12

Singapore Banking Sector - By DBS Group Research



Cosco Corporation - Buy
Previous Close: S$6.95, Target Price (12 Months): S$9.00 - By DBS Group Research

Cosco Corporation - OutPerform
Previous Close: S$6.95, Target Price: S$8.60- By CIMB

Rotary Engineering Ltd - Buy
Previous Close: S$1.32, Target Price: S$1.79 - By KELIVE Research

DBS Group Holdings - OutPerform
Previous Close: S$20.70, Target Price: S$27.00- By CIMB

Frasers Centrepoint Trust - Buy
Previous Close: S$1.49, Target Price (12 Months): S$1.71 - By DBS Group Research

Ferrochina - Buy
Previous Close: S$2.38, Target Price (12 Months): S$3.38 - By DBS Group Research

Mapletree Logistics Trust - OutPerform
Previous Close: S$1.17, Target Price: S$1.65- By CIMB

STI - 3,695.30

Miyoshi Precison Ltd - Buy
Previous CLose: S$0.23, Fair Value: S$0.31 - By OCBC Investment Research

Frasers Centrepoint Trust - Buy
Previous CLose: S$1.50, Fair Value: S$1.67 - By OCBC Investment Research

GuocoLand - Overweight
Previous Close: S$5.40, Target Price: S$6.50 - By JP Morgan

Silverlake Axis - Buy
Previous Close: S$0.63, Target Price (12 Months): S$0.95 - By DBS Group Research

CapitaCommercial Trust - Neutral
Previous Close: S$2.54, Target Price: S$2.80 - By CIMB

CapitaCommercial Trust - Buy
Previous Close: S$2.57, Target Price (12 Months): S$2.97 - By DBS Group Research

Keppel Land - OutPerform
Previous Close: S$8.25, Target Price: S$10.90 - By CIMB

Keppel Land - Buy
Previous Close: S$8.25, Target Price: S$11.45 - By KELIVE

Keppel Land - Buy
Previous Close: S$8.25, Target Price: S$9.39 - By DBS Group Research

Ascendas India Trust - Buy
Previous Close: S$1.39, Target Price: S$1.84 - By DBS Group Research

STI - 3,642.64

Rotary Engineering Ltd - Buy
Previous Close: S$1.30, Fair Value: S$1.60 - By OCBC Investment Research

Silverlake Axis Ltd - Buy
Previous Close: S$0.63, Fair Value: S$0.835 - By OCBC Investment Research

Advance SCT Limited - Buy
Previous Close: S$1.06, Fair Value: S$0.95 - By Phillip Securities

QIAN HU CORPORATION - Buy
Previous Close: S$0.165, Fair Value: S$0.25 - By Phillip Securities

CapitaMall Trust - Buy
Previous Close: S$3.64, Target Price: S$4.56 - By UBS Investment Research

SembCorp Marine - Hold
Previous Close: S$5.60, Target Price: S$4.80 - By KELIVE Research

SembCorp Marine - Hold
Previous Close: S$5.60, Target Price (12 Months):S$5.50 - By DBS Group Research

SembCorp Marine - Trading Sell
Previous Close: S$5.60, Target Price: S$4.70 - By CIMB

SembCorp Marine - Buy/Low Risk
Previous Close: S$5.60 , Target Price: S$5.60 - By Citi Investment Research

MobileOne - Buy
Previous Close: S$2.06, Target Price: S$2.64 - By KELIVE Research

MobileOne - Neutral
Previous Close: S$2.06, Target Price: S$2.40 - By CIMB

Delong Holdings - OutPerform
Previous Close: S$2.94, Target Price: S$3.67 - By CIMB

STI - 3,747.98

Man Wah Holdings Limited - Sell
Previous Close: S$0.71, Fair Value: S$0.41 - By Phillip Securities

Guocoland - Buy
Previous Close: S$5.55, Target Price (12 Months): S$6.16 - By DBS Group Research

Ascendas REIT - Buy
Previous Close: S$2.39, Target Price: S$3.18 - By DBS Group Research

Ascendas REIT - Hold
Previous Close: S$2.39, Fair Value: S$2.63 - By OCBC Investment Research

CapitaMall Trust - Buy
Previous Close: S$3.66, Target Price: S$4.34 - By DBS Group Research

CapitaMall Trust - Hold
Previous Close: S$3.70, Fair Value: S$3.44 - By OCBC Investment Research

STI - 3,809.69

Advance SCT - Buy
Previous Close: S$1.02, Target Price (12 Months): S$1.45 - By DBS Group Research

Nera Telecom - Buy
Previous Close: S$0.435, Target Price (12 Months): S$0.54 - By DBS Group Research

Singapore Food Industries - Buy
Previous Close: S$0.815, Fair Value: S$0.81 - By OCBC Investment Research

STI - 3,839.73

Chemical Fibers Sector - By KELIVE Research
China Sky – In the midst of M&As (Buy, TP S$3.60)
Fibrechem – maintaining its growth trajectory (Buy, TP S$2.40)
C&G Industrial - Attractive valuation (Buy, TP S$1.00)

China Dairy Group Ltd - Hold
Previous Close: S$0.44, Target Price (12 Months): S$0.49 - By DBS Group Research

China Hongxing Sports - OutPerform
Previous Close: S$1.10, Target Price: S$1.47 - By CIMB

Singapore Airlines - OutPerform
Previous Close: S$19.80, Target Price: S$28.40 - By CIMB

SNP Corporation Limited - Buy
Previous Close: S$1.13, Fair Value: S$1.36 - By Phillip Securities

ComfortDelGro Corp - Buy
Previous Close: S$1.95, Target Price: S$2.27 - By Nomura

STI - 3,810.72

Ezra Holdings - Buy
Previous Close: S$7.00, Target Price: S$7.80 - By KELIVE Research

Ezra Holdings - Buy
Previous Close: S$7.00, Target Price (12 Months): S$8.00 - By DBS Group Research

Ezra Holdings - Buy
Previous Close: S$7.00, Fair Value: S$8.05 - By OCBC Investment Research

Golden Agri-Resources - Buy
Previous Close: S$1.38, Target Price: S$1.78 - By OSK Research

Hotel Grand Central - Buy
Previous Close: S$1.16, Target Price (12 Months): S$1.34 - By DBS Group Research

Parkway Holdings Limited - OutPerform
Previous Close: S$4.22, Target Price: S$4.60 - By CIMB

Cheung Woh - Hold
Previous Close: S$0.285, Target Price: S$0.32 - By KELIVE Research

STI - 3,862.02

Unisteel Technology - Buy
Previous Close: S$2.15, Target Price: S$2.58 - By BNP Paribas

Silverlake Axis - Buy
Previous Close: S$0.645, Target Price: S$1.00 - By KELIVE Research

China Essence - Buy
Previous Close: S$1.07, Target Price: S$1.35 - By KELIVE Research

China Fishery Group Limited - OutPerform
Previous Close: S$2.26, Target Price: S$3.30 - By CIMB

Pacific Andes (Holdings) Ltd - OutPerform
Previous Close: S$0.835, Target Price: S$1.10 - By CIMB

China Auto Electronics - Buy
Previous Close: S$0.675, Target Price (12 Months): S$1.16 - By DBS Group Research

STI - 3,857.25

Chemoil Energy Limited - TRADING BUY
Previous Close: S$0.56, Target Price: S$0.79 - By CIMB

Epure International - Buy
Previous Close: S$2.38, Target Price (12 Months): S$3.22 - By DBS Group Research

Raffles Education - Buy
Previous Close: S$3.06, Target Price (12 Months): S$3.72 - By DBS Group Research

Singapore Press Holdings - Buy
Previous Close: S$4.48, Target Price: S$5.84 - By KELIVE Research

Singapore Press Holdings - Overweight
Previous Close: S$4.48, Target Price: S$5.50 - By JP Morgan

Singapore Press Holdings - OutPerform
Previous Close: S$4.48, Target Price: S$5.10 - By CIMB

Jackspeed Corporation - Hold
Previous Close: S$0.26, Fair Value: S$0.26 - By OCBC Investment Research

Hyflux - Neutral
Previous Close: S$3.50, Target Price (12 Months): S$3.08 - By Goldman Sachs

STI - 3,875.77

OCBC Bank - Buy
Previous Close: S$9.30, Target Price (12 Months): S$10.40 - By DBS Group Research

Sihuan Pharmaceutical Holding - Buy
Previous Close: S$0.935, Fair Value: S$1.33 - By Phillip Securities

Karin Technology Hldgs Ltd - Buy
Previous Close: S$0.255, Fair Value: S$0.44 - By OCBC Investment Research

OKP - Buy
Previous Close: S$0.83, Target Price: S$1.16 - By KELIVE Research

STI - 3,814.45

Hiap Hoe Limited - Buy
Previous Close: S$1.05, Target Price: S$1.90 - By Westcomb

Hiap Seng Engineering - OutPerform
Previous Close: S$0.765, Target Price: S$1.20 - By CIMB

Mapletree Logistics Trust - Buy
Previous Close: S$1.23, Target Price (12 Months): S$1.69 - By DBS Group Research

Labroy Marine - Buy
Previous Close: S$2.44, Target Price: S$3.20 - By BNP Paribas

Jishan Holdings Ltd - Sell
Previous Close: S$0.11, Fair Value: S$0.09 - By OCBC Investment Research

Amara Holdings - Buy
Previous Close: S$0.735, Target Price: S$1.07 - By BNP Paribas

STI - 3,865.75

Singapore Tech Sector Picks - By CIMB



China pharmaceutical sector comparison - By Daiwa



Mapletree Logistics Trust - Buy
Previous Close: S$1.22, Target Price (12 Months): S$1.59 - By DBS Group Research

Singapore Exchange Ltd - Hold
Previous Close: S$16.30, Fair Value: S$16.20 - By OCBC Investment Research

Singapore Exchange Ltd - Hold
Previous Close: S$16.30, Target Price (12 Months): S$17.00 - By DBS Group Research

Labroy Marine - Buy
Previous Close: S$2.52, Target Price: S$3.22 - By KELIVE Research

Olam International - OutPerform
Previous Close: S$3.16, Target Price (12 Months): S$3.57 - By Macquarie Research

Olam International - OutPerform
Previous Close: S$3.28, Target Price: S$3.72 - By CIMB

HG Metal Manufacturing - OutPerform
Previous Close: S$0.465, Target Price: S$0.79 - By CIMB

Yangzijiang Shipbuilding - Buy
Previous Close: S$2.43, Target Price (12 Months): S$3.06 - By DBS Group Research

STI - 3,820.31

Allco Commercial REIT - Buy
Previous Close: S$1.08, Fair Value: S$1.68 - By Phillip Securities

Valuetronics Holdings Ltd - OutPerform
Previous Close: S$0.285, Target Price: S$0.47 - By CIMB

Man Wah Holdings Ltd - Buy
Previous Close: S$0.65, Fair Value: S$0.74 - By OCBC Investment Research

Singapore Exchange - UnderPerform
Previous Close: S$16.40, Target Price: S$14.20 - By CIMB

Tsit Wing International - Buy
Previous Close: S$0.275, Fair Value: S$0.305 - By OCBC Investment Research

Lian Beng Group - OutPerform
Previous Close: S$0.58, Target Price: S$0.89 - By CIMB

Cosco Corp - Buy
Previous Close: S$6.50, Target Price: S$8.60 - By BNP Paribas

Parkway Life REIT - Buy
Previous Close: S$1.22, Target Price (12 Months): S$1.45 - By DBS Group Research

STI - 3,822.62

Allco Commercial REIT - Buy
Previous Close: S$1.04, Target Price (12 Months): S$1.65 - By DBS Group Research

Celestial Nutrifoods Ltd - OutPerform
Previous Close: S$1.54, Target Price: S$2.23 - By CIMB

Yangzijiang Shipbuilding - Buy
Previous Close: S$2.43, Target Price (12 Months): S$3.04 - By DBS Group Research

UMS Holdings Ltd - Buy
Previous Close: S$0.565, Fair Value: S$0.735 - By OCBC Investment Research

STI - 3,783.81

Aqua-Terra Supply Co - Buy
Previous Close: S$0.50, Fair Value: S$0.70 - By OCBC Investment Research

UOB - Buy
Previous Close: S$22.40, Target Price (12 months): S$27.50 - By DBS Group Research

AusGroup Limited - Buy
Previous Close: S$1.83, Target Price: S$2.39 - By KELIVE Research

MobileOne - Neutral
Previous Close: S$2.09, Target Price: S$2.40 - By CIMB

StarHub Ltd - OutPerform
Previous Close: S$3.00, Target Price: S$3.64 - By CIMB

Singapore Telecommunications - OutPerform
Previous Close: S$3.98, Target Price: S$4.54 - By CIMB

Singapore Airlines - OutPerform
Previous Close: S$19.50, Target Price: S$28.40 - By CIMB

MacarthurCook Industrial REIT - Buy
Previous Close: S$1.17, Fair Value: S$1.39 - By Phillip Securities

Singapore Exchange - Overweight
Previous Close: S$14.40, Target Price: S$17.00 - By JP Morgan

STI - 3,754.62

Synear Foods - Strong Buy
Previous Close: S$2.15, Fair Value: S$2.68 - By Nomura

Golden Agri-Resources Ltd - Buy
Previous Close: S$1.35, Fair Value: S$1.61 - By OCBC Investment Research

Hi-P International - Fully Valued
Previous Close: S$0.59, Target Price (12 Months): S$0.55 - By DBS Group Research

China Sky - Buy
Previous Close: S$2.46, Target Price (12 Months): S$3.20 - By DBS Group Research

Singapore Airlines - Buy
Previous Close: S$19.00, Target Price (12 Months): S$23.90 - By DBS Group Research

Techcomp Holdings Ltd - Buy
Previous Close: S$0.615, Target Price: S$1.00 - By Westcomb

STI - 3,793.83

SembCorp Marine - Buy
Previous Close: S$4.82, Target Price (12 Months): S$6.00 - By UBS Investment Research

SembCorp Marine - Buy
Previous Close: S$5.15, Target Price (12 Months): S$7.75 - By DBS Group Research

CapitaCommercial Trust - Buy
Previous Close: S$2.85, Target Price: S$3.17 - By UBS Investment Research

Venture Corporation - Buy
Previous Close: S$16.10, Target Price (12 Months): S$18.90 - By DBS Group Research

Fibrechem Technologies Ltd - OutPerform
Previous Close: S$1.83, Target Price: S$2.23 - By CIMB

China Sky Chemical Fibre - OutPerform
Previous Close: S$2.50, Target Price: S$3.24 - By CIMB

Armstrong Industrial Corp Ltd - OutPerform
Previous Close: S$0.43, Target Price: S$0.55 - By CIMB

Cosco Corporation - Buy
Previous Close: S$6.70, Target Price: S$7.50 - By KELIVE Research

Noble Group - Hold
Previous Close: S$2.13, Fair Value: S$2.20 - By OCBC Investment Research

STI - 3,755.22

SembCorp Marine - Buy
Previous Close: S$4.82, Target Price: S$6.00 - By UBS Investment Research

Singapore Banks - By DBS Group Research


China Sunsine Chemical Holdings - OutPerform
Previous Close: S$0.46, Target Price: S$0.62 - By CIMB

Singapore Airlines - OutPerform
Previous Close: S$18.70, Target Price: S$28.40 - By CIMB

STI - 3,706.23

Singapore Top Picks - By CIMB



Singapore Health Sector - By CIMB



Delong Holdings Ltd - Buy
Previous Close: S$3.30, Fair Value: S$4.56 - By OCBC Investment Research.

Tiong Woon Corp - Buy
Previous Close: S$1.11, Target Price: S$1.35 - By KELIVE Research

Tiong Woon Corp - OutPerform
Previous Close: S$1.11, Target Price: S$1.50 - By CIMB

Straits Asia Resources - Neutral
Previous Close: S$1.56, Target Price: S$1.34 - By CIMB

Celestial NutriFoods - Buy
Previous Close: S$1.43, Target Price (12 Months): S$2.10 - By DBS Group Research

Fibrechem - Buy
Previous Close: S$1.57, Target Price (12 Months): S$2.02 - By DBS Group Research

Singapore Petroleum - Hold
Previous Close: S$6.80, Target Price (12 Months): S$6.85 - By DBS Group Research

Singapore Telecommunications - OutPerform
Previous Close: S$4.02, Target Price: S$4.27 - By CIMB