Ascendas Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
07/27/18	Deutsche	A-Reit	2.72	2.8	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
07/31/18	Deutsche	A-Reit	2.76	2.75	Hold
08/17/18	UOB Kay Hian	A-Reit	2.73	3.01	Buy
08/24/18	DBS Vickers	A-Reit	2.73	3	Buy
09/07/18	OCBC	A-Reit	2.69	2.71	Hold
09/10/18	CIMB	A-Reit	2.63	2.89	Add	DDM
09/25/18	Deutsche	A-Reit	2.59	2.75	Hold
10/01/18	Kim Eng	A-Reit	2.64	3.05	Buy	DDM
10/01/18	OCBC	A-Reit	2.64	2.71	Hold
10/02/18	Lim & Tan	A-Reit	2.63	0	Hold
10/04/18	Jefferies	A-Reit	2.6	2.95	Buy
10/04/18	Phillip	A-Reit	2.6	2.82	Accumulate	DDM, PB1.32x FY18
10/12/18	UOB Kay Hian	A-Reit	2.57	3.01	Buy
10/16/18	DMG & Partners	A-Reit	2.5	2.9	Buy	DDM
10/25/18	UOB Kay Hian	A-Reit	2.56	3.01	Buy
10/26/18	CIMB	A-Reit	2.58	2.84	Add	DDM
10/26/18	DBS Vickers	A-Reit	2.58	2.95	Buy	DCF
10/26/18	Phillip	A-Reit	2.58	2.78	Accumulate	DDM, PB1.3x FY19
10/26/18	OCBC	A-Reit	2.58	2.64	Hold
10/26/18	Kim Eng	A-Reit	2.58	2.95	Buy	DDM
11/08/18	UOB Kay Hian	A-Reit	2.54	3.01	Buy
11/21/18	Phillip	A-Reit	2.55	2.78	Accumulate
12/11/18	DMG & Partners	A-Reit	2.56	2.9	Buy