Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/22/18	Kim Eng	Japfa	0.625	0.86	Buy	Sum of parts, PER14x FY18
08/01/18	Kim Eng	Japfa	0.745	0.86	Buy	Sum of parts
09/11/18	CIMB	Japfa	0.595	0.8	Add	Sum of parts
10/17/18	UOB Kay Hian	Japfa	0.61	0.9	Buy	Sum of parts, PER12.2x FY18
10/25/18	DBS Vickers	Japfa	0.63	0.86	Buy	Sum of parts (10% discount), PER12.2x FY19
10/31/18	UOB Kay Hian	Japfa	0.69	0.98	Buy	Sum of parts, PER12.2x FY18
11/01/18	CIMB	Japfa	0.665	0.8	Add	Sum of parts
11/02/18	DBS Vickers	Japfa	0.68	0.89	Buy	Sum of parts (15% discount), PER12.6x FY19
11/08/18	UOB Kay Hian	Japfa	0.715	0.98	Buy
12/10/18	UOB Kay Hian	Japfa	0.755	0.98	Buy
12/12/18	Kim Eng	Japfa	0.735	0.99	Buy	Sum of parts
01/29/19	CIMB	Japfa	0.82	0.9	Add	Sum of parts
01/30/19	Kim Eng	Japfa	0.81	0.99	Buy