Pan-United - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/16	DBS Vickers	Pan-United	0.54	0.57	Hold	Sum of parts
05/12/16	DBS Vickers	Pan-United	0.615	0.49	Fully Valued
08/16/16	DBS Vickers	Pan-United	0.6	0.53	Fully Valued	Sum of parts
09/29/16	DBS Vickers	Pan-United	0.61	0.56	Hold	Sum of parts
10/05/16	NRA	Pan-United	0.59	0.7	Overweight
11/04/16	NRA	Pan-United	0.605	0.7	Overweight
11/14/16	DBS Vickers	Pan-United	0.6	0.59	Hold	Sum of parts
02/14/17	DBS Vickers	Pan-United	0.665	0.63	Hold	Sum of parts
05/15/17	DBS Vickers	Pan-United	0.69	0.63	Hold	Sum of parts
08/14/17	DBS Vickers	Pan-United	0.565	0.51	Fully Valued
11/14/17	DBS Vickers	Pan-United	0.575	0.51	Fully Valued
12/06/17	DBS Vickers	Pan-United	0.545	0.51	Fully Valued	Sum of parts