Hock Lian Seng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/04/16	phillip	Hock Lian Seng	0.345	0.31	Reduce	Sum of parts
08/12/16	phillip	Hock Lian Seng	0.345	0.31	Reduce	Sum of parts
08/18/16	phillip	Hock Lian Seng	0.375	0.34	Reduce	Sum of parts
11/03/16	CIMB	Hock Lian Seng	0.365	0.34	Not Rated	Bloomberg consensus target
11/08/16	phillip	Hock Lian Seng	0.37	0.38	Neutral	Sum of parts
02/16/17	UOB Kay Hian	Hock Lian Seng	0.515	0.69	Buy	PER7.6x FY17, Ex-Cash
03/02/17	phillip	Hock Lian Seng	0.585	0.57	Neutral	Sum of parts
03/02/17	UOB Kay Hian	Hock Lian Seng	0.585	0.69	Buy
05/11/17	phillip	Hock Lian Seng	0.475	0.57	Accumulate	Sum of parts
05/11/17	UOB Kay Hian	Hock Lian Seng	0.475	0.585	Buy	PER7.6x FY17, Ex-Cash
12/06/17	DBS Vickers	Hock Lian Seng	0.455	0.58	Not Rated	PER11x FY18