Soilbuild Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	Soilbuild Reit	0.765	0.88	Buy	DCF
01/22/16	Amfrasers	Soilbuild Reit	0.72	0.775	Buy	DDM
01/22/16	DBS Vickers	Soilbuild Reit	0.72	0.84	Buy
01/22/16	OCBC	Soilbuild Reit	0.72	0.85	Buy
01/25/16	phillip	Soilbuild Reit	0.725	0.86	Accumulate	DDM
04/13/16	Kim Eng	Soilbuild Reit	0.74	0.84	Not Rated
04/15/16	Amfrasers	Soilbuild Reit	0.75	0.755	Hold	DDM
04/15/16	DBS Vickers	Soilbuild Reit	0.75	0.84	Buy	DCF
04/15/16	OCBC	Soilbuild Reit	0.75	0.82	Buy	DDM
04/18/16	phillip	Soilbuild Reit	0.745	0.83	Accumulate	DDM
05/19/16	OCBC	Soilbuild Reit	0.705	0.82	Buy
05/20/16	DBS Vickers	Soilbuild Reit	0.7	0.84	Buy
06/06/16	OCBC	Soilbuild Reit	0.7	0.82	Buy
06/15/16	Religare	Soilbuild Reit	0.69	0.88	Buy
06/16/16	DBS Vickers	Soilbuild Reit	0.685	0.84	Buy
06/16/16	phillip	Soilbuild Reit	0.685	0.83	Accumulate	DDM
06/28/16	OCBC	Soilbuild Reit	0.66	0.76	Buy
07/14/16	Lim & Tan	Soilbuild Reit	0.7	0	Buy
07/14/16	OCBC	Soilbuild Reit	0.7	0.76	Buy
07/14/16	phillip	Soilbuild Reit	0.7	0.79	Accumulate	DDM
07/15/16	DBS Vickers	Soilbuild Reit	0.705	0.79	Buy
08/16/16	DBS Vickers	Soilbuild Reit	0.675	0.79	Buy
08/19/16	OCBC	Soilbuild Reit	0.68	0.76	Buy
08/22/16	Lim & Tan	Soilbuild Reit	0.68	0	Hold
08/22/16	OCBC	Soilbuild Reit	0.68	0.78	Buy
08/25/16	phillip	Soilbuild Reit	0.685	0.79	Accumulate	DDM
10/11/16	phillip	Soilbuild Reit	0.72	0.69	Neutral	DDM
10/13/16	DBS Vickers	Soilbuild Reit	0.71	0.75	Buy	DCF
10/13/16	OCBC	Soilbuild Reit	0.71	0.77	Buy
10/13/16	phillip	Soilbuild Reit	0.71	0.72	Neutral	DDM
10/14/16	Lim & Tan	Soilbuild Reit	0.705	0	Buy on weakness
11/11/16	phillip	Soilbuild Reit	0.665	0.72	Neutral
12/12/16	phillip	Soilbuild Reit	0.65	0.67	Neutral	DDM
01/09/17	DBS Vickers	Soilbuild Reit	0.66	0.75	Buy	DCF
01/25/17	DBS Vickers	Soilbuild Reit	0.655	0.7	Buy	DCF
01/25/17	OCBC	Soilbuild Reit	0.655	0.64	Hold
01/26/17	phillip	Soilbuild Reit	0.65	0.68	Neutral	DDM
02/20/17	phillip	Soilbuild Reit	0.65	0.68	Neutral
04/13/17	OCBC	Soilbuild Reit	0.685	0.64	Hold
04/17/17	DBS Vickers	Soilbuild Reit	0.685	0.73	Buy	DCF
04/17/17	phillip	Soilbuild Reit	0.685	0.66	Neutral	DDM, PB0.93x FY17
05/08/17	phillip	Soilbuild Reit	0.68	0.66	Neutral
06/14/17	Amfrasers	Soilbuild Reit	0.71	0.68	Hold	Consensus target
07/17/17	OCBC	Soilbuild Reit	0.74	0.67	Hold	DDM
07/17/17	phillip	Soilbuild Reit	0.74	0.73	Neutral	DDM, PB1.05x FY17
07/18/17	DBS Vickers	Soilbuild Reit	0.74	0.73	Hold	DCF
07/21/17	Lim & Tan	Soilbuild Reit	0.705	0	Hold
09/20/17	OCBC	Soilbuild Reit	0.7	0.66	Hold
10/16/17	phillip	Soilbuild Reit	0.705	0.64	Reduce	DDM, PB0.9x FY17
10/17/17	DBS Vickers	Soilbuild Reit	0.705	0.62	Hold	DCF
11/09/17	OCBC	Soilbuild Reit	0.66	0.66	Hold
11/09/17	phillip	Soilbuild Reit	0.66	0.61	Reduce	DDM, PB0.86x FY17
01/18/18	OCBC	Soilbuild Reit	0.695	0.68	Hold
01/19/18	DBS Vickers	Soilbuild Reit	0.7	0.62	Hold	DCF
01/19/18	Lim & Tan	Soilbuild Reit	0.7	0	Hold