Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/02/16	UOB Kay Hian	Valuetronics	0.395	0.54	Buy
02/04/16	Amfrasers	Valuetronics	0.385	0.56	Buy	PER9x FY17
02/04/16	DMG & Partners	Valuetronics	0.385	0.5	Buy
02/04/16	UOB Kay Hian	Valuetronics	0.385	0.52	Buy	PER8.7x FY17
03/10/16	CIMB	Valuetronics	0.43	0.56	Add	PER8.4x CY17
03/15/16	UOB Kay Hian	Valuetronics	0.44	0.52	Buy
04/22/16	UOB Kay Hian	Valuetronics	0.485	0.52	Buy
05/09/16	Amfrasers	Valuetronics	0.46	0.56	Buy	PER9x FY17
05/27/16	Amfrasers	Valuetronics	0.49	0.62	Buy	PER10x FY17
05/27/16	UOB Kay Hian	Valuetronics	0.49	0.6	Buy	PER9.5x FY18
05/30/16	DMG & Partners	Valuetronics	0.515	0.54	Neutral	DCF
06/09/16	UOB Kay Hian	Valuetronics	0.525	0.6	Buy
06/17/16	Amfrasers	Valuetronics	0.51	0.62	Buy
07/14/16	UOB Kay Hian	Valuetronics	0.52	0.6	Buy
08/16/16	Amfrasers	Valuetronics	0.51	0.62	Buy	PER10x FY17
08/16/16	CIMB	Valuetronics	0.51	0.6	Add	PER8.4x CY17
08/16/16	UOB Kay Hian	Valuetronics	0.51	0.6	Buy	PER9.5x FY18
08/18/16	DMG & Partners	Valuetronics	0.515	0.54	Neutral
11/07/16	Amfrasers	Valuetronics	0.495	0.62	Buy	PER10x FY17
11/08/16	CIMB	Valuetronics	0.545	0.6	Add	PER8.4x CY17
11/08/16	DMG & Partners	Valuetronics	0.545	0.57	Neutral
11/08/16	UOB Kay Hian	Valuetronics	0.545	0.6	Buy	PER9.5x FY18
12/06/16	CIMB	Valuetronics	0.53	0.6	Add	PER8.4x CY18
02/14/17	CIMB	Valuetronics	0.65	0.72	Add	PER9.8x CY18
02/14/17	DMG & Partners	Valuetronics	0.65	0.65	Buy	DCF
02/14/17	UOB Kay Hian	Valuetronics	0.65	0.72	Buy	PER10.1x FY18
05/23/17	DBS Vickers	Valuetronics	0.85	0.95	Not Rated	PER8x CY17 ex-cash
05/30/17	CIMB	Valuetronics	0.815	0.89	Add	PER11x CY18
05/30/17	UOB	Valuetronics	0.815	0.8	Hold
05/31/17	DMG & Partners	Valuetronics	0.8	0.81	Neutral	DCF
06/22/17	DMG & Partners	Valuetronics	0.795	0.85	Neutral	DCF, PER10x FY18
06/30/17	Amfrasers	Valuetronics	0.795	0.86	Buy	DCF
07/05/17	CIMB	Valuetronics	0.785	0.89	Add	PER11x CY18
08/07/17	DMG & Partners	Valuetronics	0.825	0.85	Neutral
08/15/17	UOB Kay Hian	Valuetronics	0.975	0.94	Hold	PER11.7x FY18, Buy @ $0.85
08/15/17	Amfrasers	Valuetronics	0.975	0.91	Hold	DCF, PER13.6x FY18
08/15/17	CIMB	Valuetronics	0.975	1.02	Add	PER11.9x CY18
08/16/17	DMG & Partners	Valuetronics	0.96	0.93	Neutral	DCF
09/26/17	CIMB	Valuetronics	0.865	1.02	Add
11/10/17	DMG & Partners	Valuetronics	0.995	1.05	Neutral	DCF
11/14/17	CIMB	Valuetronics	1.01	1.1	Add	PER11x CY19
02/13/18	CIMB	Valuetronics	0.92	1.1	Add	PER11x CY19
02/13/18	UOB Kay Hian	Valuetronics	0.92	0.95	Buy	PER11.3x FY19, Buy @ $0.86
02/15/18	DMG & Partners	Valuetronics	0.915	1.05	Buy	DCF
03/23/18	Kim Eng	Valuetronics	0.955	1.25	Buy	ROE-g/COE-g, PB2.8x FY19