First Resources - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/20	DMG & Partners	First Resources	1.77	2.3	Buy	PER18x FY20
02/06/20	UOB Kay Hian	First Resources	1.78	2.1	Buy
02/26/20	DMG & Partners	First Resources	1.66	2	Buy	PER17x FY20
02/28/20	DBS Vickers	First Resources	1.63	1.99	Buy	DCF
02/28/20	Kim Eng	First Resources	1.63	1.85	Buy	PER18x FY20
03/24/20	DMG & Partners	First Resources	1.04	1.2	Buy	Sum of parts, PER12x FY20
04/13/20	DBS Vickers	First Resources	1.27	1.99	Buy
05/26/20	CIMB	First Resources	1.28	1.8	Add
05/26/20	Kim Eng	First Resources	1.28	1.85	Buy	PER18x FY20
05/26/20	DMG & Partners	First Resources	1.28	1.25	Neutral	PER14x FY20
05/26/20	UOB Kay Hian	First Resources	1.28	1.65	Buy
05/26/20	DBS Vickers	First Resources	1.28	1.7	Buy	DCF
06/26/20	DMG & Partners	First Resources	1.33	1.35	Neutral	PER14x FY21
07/27/20	DMG & Partners	First Resources	1.39	1.45	Neutral	PER14x FY21
08/17/20	CIMB	First Resources	1.38	1.8	Add
08/17/20	DBS Vickers	First Resources	1.38	1.7	Buy	DCF
08/17/20	DMG & Partners	First Resources	1.38	1.45	Neutral	PER14x FY21
08/17/20	UOB Kay Hian	First Resources	1.38	1.65	Buy
08/17/20	Kim Eng	First Resources	1.38	1.79	Buy	PER18x FY20
11/03/20	CIMB	First Resources	1.22	1.8	Add
11/03/20	DMG & Partners	First Resources	1.22	1.45	Buy
11/16/20	UOB Kay Hian	First Resources	1.28	1.75	Buy
11/16/20	DBS Vickers	First Resources	1.28	1.7	Buy	DCF
11/16/20	CIMB	First Resources	1.28	1.64	Add
11/16/20	Kim Eng	First Resources	1.28	1.96	Buy	PER17x FY21
12/08/20	CIMB	First Resources	1.37	1.64	Add