Frencken - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/22/17	UOB Kay Hian	Frencken	0.59	0.79	Buy	PER12.3x FY18
05/16/17	Amfrasers	Frencken	0.445	0.63	Buy	PER10x FY17
08/11/17	Lim & Tan	Frencken	0.52	0.63	Buy	PER8.1x
08/16/17	Amfrasers	Frencken	0.51	0.73	Buy	PER10x FY18, PB1.2x
11/15/17	Amfrasers	Frencken	0.54	0.66	Buy	PER10x FY18
02/26/18	Amfrasers	Frencken	0.67	0.72	Hold	PER12x FY18
03/07/18	Amfrasers	Frencken	0.63	0.72	Buy	PER12x FY18
05/11/18	UOB Kay Hian	Frencken	0.54	0.79	Buy