Ascendas Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	UOB Kay Hian	A-Reit	2.27	2.71	Buy	DDM
01/05/17	Credit Suisse	A-Reit	2.31	2.63	Outperform
01/06/17	DMG & Partners	A-Reit	2.33	2.65	Buy	DDM
01/06/17	OCBC	A-Reit	2.33	2.72	Buy
01/09/17	DBS Vickers	A-Reit	2.38	2.65	Buy	DCF
01/25/17	Deutsche	A-Reit	2.4	2.55	Hold
01/25/17	OCBC	A-Reit	2.4	2.68	Buy
01/26/17	CIMB	A-Reit	2.4	2.31	Hold	DDM
01/26/17	DIR	A-Reit	2.4	2.38	Hold	DDM
02/09/17	Credit Suisse	A-Reit	2.42	2.63	Outperform
02/17/17	JP Morgan	A-Reit	2.47	2.65	Overweight
02/28/17	Deutsche	A-Reit	2.48	2.55	Hold
03/02/17	UOB Kay Hian	A-Reit	2.49	2.71	Buy
03/06/17	OCBC	A-Reit	2.49	2.68	Buy
03/10/17	DMG & Partners	A-Reit	2.45	2.65	Buy
03/13/17	Credit Suisse	A-Reit	2.47	2.63	Outperform
03/17/17	DBS Vickers	A-Reit	2.5	2.65	Buy
03/20/17	DIR	A-Reit	2.5	2.44	Hold	DDM
04/07/17	DMG & Partners	A-Reit	2.53	2.65	Buy
04/11/17	UOB Kay Hian	A-Reit	2.52	2.71	Buy
04/18/17	DIR	A-Reit	2.52	2.44	Hold
04/18/17	Kim Eng	A-Reit	2.52	2.85	Buy	DDM
04/26/17	CIMB	A-Reit	2.55	2.59	Hold	DDM
04/26/17	DBS Vickers	A-Reit	2.55	2.65	Buy	DCF
04/26/17	DIR	A-Reit	2.55	2.45	Hold	DDM
04/26/17	DMG & Partners	A-Reit	2.55	2.73	Buy	DDM
04/26/17	OCBC	A-Reit	2.55	2.66	Buy
04/26/17	UOB Kay Hian	A-Reit	2.55	2.75	Buy
05/02/17	Kim Eng	A-Reit	2.56	2.85	Buy
05/17/17	Deutsche	A-Reit	2.6	2.6	Hold
05/17/17	UOB Kay Hian	A-Reit	2.6	2.75	Buy
05/18/17	DBS Vickers	A-Reit	2.58	2.65	Buy
05/25/17	UOB Kay Hian	A-Reit	2.62	2.97	Buy
06/01/17	DMG & Partners	A-Reit	2.62	2.73	Buy	DDM
06/02/17	OCBC	A-Reit	2.64	2.66	Buy
06/08/17	Lim & Tan	A-Reit	2.67	0	Buy on weakness
06/12/17	Kim Eng	A-Reit	2.7	2.9	Buy`	DDM
06/21/17	Credit Suisse	A-Reit	2.72	2.62	Neutral
06/22/17	Deutsche	A-Reit	2.66	2.6	Hold
06/28/17	DIR	A-Reit	2.66	2.45	Underperform	DDM
07/03/17	Kim Eng	A-Reit	2.61	2.9	Buy	DDM
07/12/17	DMG & Partners	A-Reit	2.58	2.73	Buy
07/14/17	Phillip	A-Reit	2.59	2.86	Accumulate	DDM, PB1.35x FY18
07/25/17	UOB Kay Hian	A-Reit	2.7	2.97	Buy	DDM
07/26/17	DBS Vickers	A-Reit	2.72	2.78	Buy	DCF
07/28/17	DIR	A-Reit	2.72	2.45	Underperform	DDM
07/28/17	Credit Suisse	A-Reit	2.72	2.62	Neutral
07/28/17	DMG & Partners	A-Reit	2.72	2.9	Buy	DDM
07/28/17	OCBC	A-Reit	2.72	2.66	Hold
07/28/17	CIMB	A-Reit	2.72	2.71	Hold	DDM
07/31/17	UOB Kay Hian	A-Reit	2.71	2.75	Buy
07/31/17	DBS Vickers	A-Reit	2.71	2.85	Buy	DCF
08/03/17	Kim Eng	A-Reit	2.68	2.9	Buy
08/14/17	OCBC	A-Reit	2.66	2.66	Hold
08/17/17	UOB Kay Hian	A-Reit	2.67	2.97	Buy
08/22/17	Phillip	A-Reit	2.65	2.86	Accumulate
08/28/17	DBS Vickers	A-Reit	2.61	2.85	Buy
09/04/17	CIMB	A-Reit	2.66	2.71	Hold
09/21/17	DMG & Partners	A-Reit	2.7	2.9	Buy	DDM
09/26/17	OCBC	A-Reit	2.68	2.66	Hold
09/26/17	Kim Eng	A-Reit	2.68	2.9	Buy
10/09/17	Phillip	A-Reit	2.69	2.86	Accumulate	DDM, PB1.35x FY18
10/23/17	UOB Kay Hian	A-Reit	2.72	2.97	Buy	DDM
10/25/17	Kim Eng	A-Reit	2.75	2.9	Buy
10/31/17	DMG & Partners	A-Reit	2.71	2.9	Buy	DDM
10/31/17	OCBC	A-Reit	2.71	2.67	Hold
10/31/17	CIMB	A-Reit	2.71	2.72	Hold	DDM
11/01/17	DBS Vickers	A-Reit	2.74	2.85	Buy
11/09/17	UOB Kay Hian	A-Reit	2.66	2.97	Buy
11/28/17	Kim Eng	A-Reit	2.63	3	Buy
11/28/17	Jefferies	A-Reit	2.63	2.9	Buy
12/01/17	UOB Kay Hian	A-Reit	2.64	3.05	Buy
12/18/17	DBS Vickers	A-Reit	2.68	2.85	Buy
12/19/17	DMG & Partners	A-Reit	2.69	2.9	Buy
12/20/17	CIMB	A-Reit	2.69	2.72	Hold
01/04/18	Deutsche	A-Reit	2.74	2.75	Hold
01/05/18	DMG & Partners	A-Reit	2.79	2.9	Buy	DDM
01/19/18	UOB Kay Hian	A-Reit	2.77	3.05	Buy
01/19/18	Kim Eng	A-Reit	2.77	3	Buy
01/26/18	Phillip	A-Reit	2.75	2.89	Accumulate	DDM, PB1.36x FY18
01/26/18	OCBC	A-Reit	2.75	2.69	Hold
01/26/18	DBS Vickers	A-Reit	2.75	2.85	Buy
01/26/18	CIMB	A-Reit	2.75	2.88	Add
02/12/18	Phillip	A-Reit	2.57	2.87	Accumulate
02/13/18	UOB Kay Hian	A-Reit	2.58	3.05	Buy
02/20/18	DMG & Partners	A-Reit	2.62	2.9	Buy
02/20/18	DBS Vickers	A-Reit	2.62	2.85	Buy
03/05/18	UOB Kay Hian	A-Reit	2.61	3.05	Buy
03/06/18	UOB Kay Hian	A-Reit	2.58	2.76	Buy
03/19/18	DBS Vickers	A-Reit	2.66	2.85	Buy
03/27/18	Phillip	A-Reit	2.6	2.89	Accumulate
04/16/18	Kim Eng	A-Reit	2.69	3.05	Buy	DDM
04/16/18	DMG & Partners	A-Reit	2.69	2.9	Buy
04/24/18	Phillip	A-Reit	2.65	2.91	Accumulate	DDM, PB1.37x FY18/19
04/24/18	UOB Kay Hian	A-Reit	2.65	3.05	Buy	DDM
04/24/18	DMG & Partners	A-Reit	2.65	2.95	Buy	DDM
04/24/18	CIMB	A-Reit	2.65	2.85	add	DDM
04/24/18	OCBC	A-Reit	2.65	2.71	Hold
04/24/18	DBS Vickers	A-Reit	2.65	3	Buy	DCF
04/25/18	Jefferies	A-Reit	2.68	2.95	Buy
05/02/18	UOB Kay Hian	A-Reit	2.67	3.05	Buy
05/08/18	DBS Vickers	A-Reit	2.65	3	Buy
05/17/18	DMG & Partners	A-Reit	2.64	2.95	Buy
05/21/18	Phillip	A-Reit	2.65	2.91	Accumulate
06/04/18	UOB Kay Hian	A-Reit	2.64	3.05	Buy
06/26/18	DBS Vickers	A-Reit	2.58	3	Buy
07/03/18	UOB Kay Hian	A-Reit	2.61	3.05	Buy
07/06/18	DBS Vickers	A-Reit	2.65	3	Buy
07/16/18	Phillip	A-Reit	2.71	2.91	Accumulate
07/27/18	OCBC	A-Reit	2.72	2.71	Hold
07/30/18	Phillip	A-Reit	2.73	2.96	Accumulate	DDM, PB1.39x FY19
07/30/18	CIMB	A-Reit	2.73	2.89	Add	DDM
07/31/18	UOB Kay Hian	A-Reit	2.76	3.01	Buy	DDM
08/17/18	UOB Kay Hian	A-Reit	2.73	3.01	Buy
08/24/18	DBS Vickers	A-Reit	2.73	3	Buy