Venture - Stock calls

Date	Analyst	Company	Last	Target	Percent	Valuation
01/05/18	DBS Vickers	Venture	21.97	26	18.34
01/10/18	Kim Eng	Venture	21.57	27.5	27.49	PER18.8x FY18
01/15/18	UOB Kay Hian	Venture	22.65	23.5	3.75
01/19/18	Lim & Tan	Venture	23.15	0	-100.00
01/24/18	DMG & Partners	Venture	23.9	24.1	0.84
01/24/18	Credit Suisse	Venture	23.9	27.2	13.81
02/07/18	CIMB	Venture	22.48	24.74	10.05
02/08/18	CIMB	Venture	22.29	29.13	30.69
02/13/18	UOB Kay Hian	Venture	21.92	23.5	7.21
02/20/18	DMG & Partners	Venture	23.53	24.1	2.42
02/23/18	UOB Kay Hian	Venture	25.03	31.88	27.37	PER19x FY18
02/23/18	Citibank	Venture	25.03	31.74	26.81
03/01/18	OCBC	Venture	27.56	34	23.37
03/01/18	UOB Kay Hian	Venture	27.56	31.88	15.67	PER19x FY18
03/01/18	DMG & Partners	Venture	27.56	30.5	10.67	DCF, PER19x FY18
03/01/18	Kim Eng	Venture	27.56	31.2	13.21	PB3.7x FY18
03/01/18	CIMB	Venture	27.56	30.81	11.79	PER17.7x FY19
03/01/18	Lim & Tan	Venture	27.56	0	-100.00
03/01/18	DBS Vickers	Venture	27.56	32.2	16.84	PER19.5x FY18/19
03/05/18	Credit Suisse	Venture	26.84	32	19.23
04/03/18	DBS Vickers	Venture	28.14	32.2	14.43
04/06/18	CIMB	Venture	27.73	30.81	11.11	PER17.7x FY19
04/20/18	Lim & Tan	Venture	28.82	0	-100.00
04/23/18	UOB Kay Hian	Venture	25.29	30.6	21.00	PER19x FY18
04/26/18	UOB Kay Hian	Venture	22.57	25	10.77	PER16.1x FY18
04/26/18	Credit Suisse	Venture	22.57	24	6.34
04/26/18	OCBC	Venture	22.57	30	32.92	DCF
04/26/18	CIMB	Venture	22.57	25.64	13.60	PER15.4x
04/26/18	Lim & Tan	Venture	22.57	23.4	3.68	PER16x FY18
04/26/18	DMG & Partners	Venture	22.57	26	15.20	DCF, PER17.2x FY18
04/26/18	Kim Eng	Venture	22.57	28.83	27.74
04/26/18	DBS Vickers	Venture	22.57	27.2	20.51	PER17.5x FY18/19
05/08/18	Lim & Tan	Venture	20.65	0	-100.00
05/08/18	Citibank	Venture	20.65	31.74	53.70
05/25/18	CIMB	Venture	20.55	25.64	24.77
06/06/18	Kim Eng	Venture	21.63	28.83	33.29	PB3.4x
06/11/18	CIMB	Venture	21.13	25.64	21.34	PER15.4x
06/13/18	Lim & Tan	Venture	20.65	0	-100.00
07/03/18	UOB Kay Hian	Venture	17.66	25	41.56
07/05/18	UOB Kay Hian	Venture	17.5	18.2	4.00	PER14x FY18, Buy @ $14
07/12/18	CIMB	Venture	16.67	17.83	6.96	PER12.3x
07/19/18	Credit Suisse	Venture	16.89	14.5	-14.15	PER11x
08/06/18	UOB Kay Hian	Venture	16.85	18.2	8.01	PER14x FY18, Buy @ $16
08/06/18	DMG & Partners	Venture	16.85	22.2	31.75	PER15.5x FY18
08/06/18	OCBC	Venture	16.85	23.23	37.86	PER15x
08/06/18	CIMB	Venture	16.85	17.83	5.82	PER12.3x
08/06/18	Lim & Tan	Venture	16.85	0	-100.00
08/07/18	DBS Vickers	Venture	18.6	22.9	23.12	PER15.8x FY18/19
09/14/18	Lim & Tan	Venture	15.9	0	-100.00
10/02/18	UOB Kay Hian	Venture	18.52	18.2	-1.73	PER14x FY18, Buy @ $15.50
11/05/18	DMG & Partners	Venture	16.26	19	16.85	PER14x FY19
11/05/18	UOB Kay Hian	Venture	16.26	12.9	-20.66	PER11x FY19
11/05/18	OCBC	Venture	16.26	20.13	23.80	PER15x FY19
11/05/18	DBS Vickers	Venture	16.26	21.3	31.00	PER15.8x FY18/19
11/05/18	CIMB	Venture	16.26	17.44	7.26	PER12.3x FY20
11/05/18	Lim & Tan	Venture	16.26	0	-100.00
11/05/18	Kim Eng	Venture	16.26	22.23	36.72	PB2.5x FY19
11/26/18	CIMB	Venture	14.72	17.44	18.48	PER12.3x FY20
12/06/18	UOB Kay Hian	Venture	15.33	12.9	-15.85
12/14/18	DMG & Partners	Venture	14.89	19	27.60
01/02/19	DMG & Partners	Venture	13.85	19	37.18	PER14x FY19
01/07/19	UOB Kay Hian	Venture	13.71	12.9	-5.91
01/07/19	Lim & Tan	Venture	13.71	0	-100.00
01/08/19	Kim Eng	Venture	14.44	17.48	21.05	PB2x FY19, PER14.4x FY19
02/11/19	UOB Kay Hian	Venture	15.72	12.9	-17.94	PER11x FY19, Buy @ $12.40
02/12/19	CIMB	Venture	15.97	17.44	9.20	PER12.56x FY20
02/25/19	CIMB	Venture	16.12	17.88	10.92	PER12.56x FY20
02/25/19	Kim Eng	Venture	16.12	19.23	19.29	Roe-g/Coe-g, PB2.2x FY19
02/25/19	DMG & Partners	Venture	16.12	19	17.87
02/25/19	DBS Vickers	Venture	16.12	21.7	34.62	PER15.8x FY19
02/25/19	Lim & Tan	Venture	16.12	0	-100.00
02/25/19	OCBC	Venture	16.12	20.89	29.59	PER15x
03/19/19	DMG & Partners	Venture	18	19	5.56
03/29/19	DBS Vickers	Venture	17.8	21.7	21.91
04/03/19	Lim & Tan	Venture	18.6	0	-100.00