Telechoice - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/16	NRA	Telechoice	0.255	0.223	Neutral	PER9.3x FY16
02/29/16	Lim & Tan	Telechoice	0.25	0	Buy
03/11/16	NRA	Telechoice	0.27	0.305	Overweight	PER13.3x FY15
07/12/16	NRA	Telechoice	0.28	0.34	Overweight	PER13.86x FY16
08/29/16	NRA	Telechoice	0.275	0.34	Overweight	PER16.2x FY17
11/14/16	Lim & Tan	Telechoice	0.27	0	Buy
12/14/16	NRA	Telechoice	0.26	0.34	Overweight
04/10/17	NRA	Telechoice	0.27	0.34	Overweight	PER15.56x FY17
08/15/17	NRA	Telechoice	0.25	0.34	Overweight