| Date | Analyst | Company | Last | Target | Call | Valuation |
| 05/15/17 | OCBC | Vard | 0.24 | 0.23 | Hold | PB0.8x |
| 05/16/17 | DBS Vickers | Vard | 0.24 | 0.25 | Hold | PB0.8x |
| 07/21/17 | DBS Vickers | Vard | 0.245 | 0.25 | Hold | |
| 07/26/17 | DBS Vickers | Vard | 0.245 | 0.24 | Hold | PB0.8x |
| 11/14/17 | DBS Vickers | Vard | 0.245 | 0.25 | Hold | PB0.78x, P/NTA0.99x, Offer price $0.25 |
| 07/09/18 | CIMB | Vard | 0.25 | 0.25 | Do Not Accept | Offer $0.25 is not fair |
Tuesday, August 21, 2018
Vard - Stock calls
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