Nam Cheong - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	UOB Kay Hian	Nam Cheong	0.135	0.12	Sell
01/15/16	UOB Kay Hian	Nam Cheong	0.113	0.09	Sell
02/15/16	DBS Vickers	Nam Cheong	0.094	0.07	Fully Valued	PB0.4x FY16
02/26/16	Amfrasers	Nam Cheong	0.097	0.07	Sell	PB0.3x FY16
03/07/16	UOB Kay Hian	Nam Cheong	0.103	0.085	Sell
03/31/16	DBS Vickers	Nam Cheong	0.11	0.07	Fully Valued
05/16/16	Amfrasers	Nam Cheong	0.076	0.11	Buy	PB0.5x FY16
05/16/16	DBS Vickers	Nam Cheong	0.076	0.07	Fully Valued
05/20/16	UOB Kay Hian	Nam Cheong	0.084	0.065	Sell
06/09/16	UOB Kay Hian	Nam Cheong	0.092	0.07	Sell
08/12/16	DBS Vickers	Nam Cheong	0.06	0.04	Fully Valued
08/17/16	Amfrasers	Nam Cheong	0.047	0.05	Hold	PB0.4x FY16
11/11/16	Amfrasers	Nam Cheong	0.067	0.07	Hold	PB0.5x FY17
11/11/16	DBS Vickers	Nam Cheong	0.067	0.04	Fully Valued	PB0.2x
12/02/16	UOB Kay Hian	Nam Cheong	0.068	0.055	Sell
03/01/17	DBS Vickers	Nam Cheong	0.055	0.04	Fully Valued	PB0.2x
07/20/17	Lim & Tan	Nam Cheong	0.021	0	Avoid