Mermaid Maritime - Stock calls

Date	Analyst	Company	Last	Target	Valuation
01/12/18	CIMB	Mermaid Maritime	0.139	0.14	PB0.43x CY18
01/23/18	DBS Vickers	Mermaid Maritime	0.155	0.14
03/01/18	CIMB	Mermaid Maritime	0.152	0.16	PB0.48x CY18
03/13/18	DBS Vickers	Mermaid Maritime	0.15	0.14	Sum of parts
05/18/18	DBS Vickers	Mermaid Maritime	0.138	0.13	PB0.6x
08/17/18	DBS Vickers	Mermaid Maritime	0.106	0.13	Sum of parts
08/20/18	CIMB	Mermaid Maritime	0.106	0.13
11/15/18	DBS Vickers	Mermaid Maritime	0.094	0.1	PB0.5x