PACC Offshore - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/16	DBS Vickers	PACC Offshore	0.3	0.29	Hold
02/22/16	DBS Vickers	PACC Offshore	0.28	0.28	Hold	PB0.4x FY16
02/22/16	Kim Eng	PACC Offshore	0.28	0.42	Buy	GGM, PB0.5x FY16
02/22/16	OCBC	PACC Offshore	0.28	0.28	Hold	P/NTA0.4x
03/22/16	Bloomberg	PACC Offshore	0.355	0.33	Not Rated	Consensus target
04/01/16	Kim Eng	PACC Offshore	0.36	0.42	Buy	GGM, PB0.5x FY16
04/20/16	DBS Vickers	PACC Offshore	0.375	0.28	Hold	PB0.4x
05/05/16	Kim Eng	PACC Offshore	0.365	0.42	Buy	GGM, PB0.5x FY16
05/06/16	DBS Vickers	PACC Offshore	0.365	0.35	Hold	PB0.5x
05/06/16	OCBC	PACC Offshore	0.365	0.35	Hold
06/06/16	Kim Eng	PACC Offshore	0.37	0.42	Buy
06/06/16	OCBC	PACC Offshore	0.37	0.35	Hold	Buy @ $0.32
07/01/16	OCBC	PACC Offshore	0.365	0.35	Hold	Buy @ $0.32
08/03/16	OCBC	PACC Offshore	0.34	0.29	Sell	PB0.45x
08/04/16	DBS Vickers	PACC Offshore	0.31	0.33	Hold
09/01/16	OCBC	PACC Offshore	0.31	0.29	Hold
11/08/16	DBS Vickers	PACC Offshore	0.315	0.33	Hold	PB0.5x
11/08/16	OCBC	PACC Offshore	0.315	0.3	Hold	PB0.45x FY17
12/06/16	DBS Vickers	PACC Offshore	0.31	0.41	Buy	PB0.6x
01/13/17	DBS Vickers	PACC Offshore	0.335	0.41	Buy
02/22/17	DBS Vickers	PACC Offshore	0.365	0.42	Buy	PB0.8x
02/22/17	OCBC	PACC Offshore	0.365	0.33	Sell	PB0.7x
04/10/17	DBS Vickers	PACC Offshore	0.34	0.42	Buy
04/12/17	OCBC	PACC Offshore	0.35	0.335	Hold	PB0.7x
05/08/17	DBS Vickers	PACC Offshore	0.32	0.41	Buy	PB0.8x
05/09/17	OCBC	PACC Offshore	0.325	0.335	Hold	PB0.7x FY17/18
05/31/17	OCBC	PACC Offshore	0.305	0.325	Hold
08/02/17	DBS Vickers	PACC Offshore	0.285	0.41	Buy	PB0.8x
11/14/17	DBS Vickers	PACC Offshore	0.345	0.41	Buy	PB0.8x
01/23/18	DBS Vickers	PACC Offshore	0.43	0.51	Buy	PB1x
02/13/18	DBS Vickers	PACC Offshore	0.37	0.51	Buy