**Evening Live SGX News**

S'pore's Raffles Edu stock looks expensive on valuations:

SINGAPORE - Raffles Education Corp fares badly on the Relative Valuation Model with a score of 8. The lower the RV score, the more expensive the stock.The company's forward 12-month P/E is 25.4 against the 10-year median of 18.5. Its EV/EBITDA is 39.3 against the peer average of 10.7, according to StarMine data.Raffles' low earnings quality score of 6 suggests poor earnings sustainability.

DMG downgrades CapitalMall:

DMG & Partners Research downgraded CapitaMall Trust to neutral from buy and maintained its target price at S$2.03, citing limited room for an upside in the near term.As at 2.08pm local Singapore time, shares were up 1.30 per cent, at S$1.95.

DMG upgrades Sheng Siong to buy, TP at S$0.51:

DMG & Partners upgraded supermarket chain operator Sheng Siong Group Ltd to buy from neutral and raised its target price to S$0.51 from S$0.45, citing an expected strong dividend payout.

At 0133 GMT, shares of Sheng Siong were up 2.3 per cent at S$0.44, and have remained unchanged so far this year, compared to the FT Small Cap Index's 14.4 per cent gain.

OCBC raises Golden Agri TP to S$0.81, maintains buy rating:

OCBC Investment Research raised its target price for palm oil firm Golden Agri-Resources Ltd to S$0.81 from S$0.74 and kept its buy rating, citing a possible recovery in crude palm oil (CPO) prices.