First Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/18	Lim & Tan	First Reit	1.4	0	Hold
01/19/18	CIMB	First Reit	1.41	1.44	Hold	DDM
01/19/18	OCBC	First Reit	1.41	1.48	Buy
01/23/18	phillip	First Reit	1.42	1.32	Neutral	DDM
04/18/18	CIMB	First Reit	1.37	1.44	Hold	DDM
04/19/18	phillip	First Reit	1.37	1.31	Neutral	PB1.19x FY18
04/19/18	OCBC	First Reit	1.37	1.48	Buy
05/25/18	OCBC	First Reit	1.35	1.48	Buy
07/19/18	phillip	First Reit	1.32	1.31	Neutral	DDM, PB1.21x
07/19/18	OCBC	First Reit	1.32	1.34	Hold
07/19/18	CIMB	First Reit	1.32	1.41	Hold	DDM
09/19/18	phillip	First Reit	1.24	1.31	Neutral	DDM, PB1.2x FY18
10/17/18	phillip	First Reit	1.18	1.3	Neutral	DDM, PB1.2x FY18
10/17/18	CIMB	First Reit	1.18	1.36	Add	DDM
11/21/18	phillip	First Reit	0.975	1.3	Neutral
12/13/18	OCBC	First Reit	1.04	1.05	Buy
01/16/19	phillip	First Reit	1.04	0.88	Neutral	DDM
01/17/19	Lim & Tan	First Reit	1.03	0	Neutral
01/18/19	OCBC	First Reit	1.01	0.97	Hold
01/18/19	CIMB	First Reit	1.01	1.2	Add	DDM