Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/15/20	DBS Vickers	Thai Beverage	0.665	0.9	Buy	Sum of parts
05/18/20	Phillip	Thai Beverage	0.67	0.8	Buy	PER18x FY20
05/18/20	DMG & Partners	Thai Beverage	0.67	0.72	Neutral	Sum of parts
05/18/20	UOB Kay Hian	Thai Beverage	0.67	0.78	Buy
05/18/20	CIMB	Thai Beverage	0.67	0.7	Hold	Sum of parts
05/20/20	OCBC	Thai Beverage	0.66	0.71	Hold
07/03/20	DBS Vickers	Thai Beverage	0.675	0.9	Buy
08/07/20	DBS Vickers	Thai Beverage	0.63	0.9	Buy
08/17/20	DMG & Partners	Thai Beverage	0.605	0.72	Buy	Sum of parts
08/17/20	CIMB	Thai Beverage	0.605	0.7	Hold
08/17/20	Amfrasers	Thai Beverage	0.605	0.93	Outperform
08/18/20	Phillip	Thai Beverage	0.635	0.82	Buy	PER18x FY21
08/18/20	UOB Kay Hian	Thai Beverage	0.635	0.78	Buy	Sum of parts
09/24/20	CIMB	Thai Beverage	0.59	0.7	Add	Sum of parts, PER16.7x CY21
09/28/20	UOB Kay Hian	Thai Beverage	0.585	0.78	Buy	Sum of parts
10/05/20	Phillip	Thai Beverage	0.595	0.82	Buy
10/13/20	DBS Vickers	Thai Beverage	0.585	0.9	Buy	DCF
11/26/20	DBS Vickers	Thai Beverage	0.72	0.93	Buy	Sum of parts
11/27/20	UOB Kay Hian	Thai Beverage	0.745	0.85	Buy	Sum of parts
11/27/20	CIMB	Thai Beverage	0.745	0.87	Add
11/27/20	DMG & Partners	Thai Beverage	0.745	0.82	Buy
11/30/20	Phillip	Thai Beverage	0.75	0.86	Buy	PER18x FY21
12/08/20	OCBC	Thai Beverage	0.73	0.89	Buy
01/04/21	DBS Vickers	Thai Beverage	0.74	0.93	Buy
01/05/21	Phillip	Thai Beverage	0.73	0.86	Buy
01/18/21	UOB Kay Hian	Thai Beverage	0.775	0.85	Buy	Sum of parts
02/08/21	CIMB	Thai Beverage	0.82	0.872	Add	Sum of parts
02/15/21	Phillip	Thai Beverage	0.785	0.86	Accumulate	PER18x FY21
02/15/21	UOB Kay Hian	Thai Beverage	0.785	0.95	Buy	Sum of parts
02/15/21	DMG & Partners	Thai Beverage	0.785	0.94	Buy
03/29/21	Kim Eng	Thai Beverage	0.72	0.95	Buy
04/20/21	UOB Kay Hian	Thai Beverage	0.72	0.92	Buy	Sum of parts
04/20/21	CIMB	Thai Beverage	0.72	0.95	Add	PER20x FY21
04/21/21	Kim Eng	Thai Beverage	0.715	0.95	Buy
05/17/21	UOB Kay Hian	Thai Beverage	0.67	0.92	Buy
05/17/21	Kim Eng	Thai Beverage	0.67	0.99	Buy	PER20x FY21
05/17/21	CIMB	Thai Beverage	0.67	0.84	Add
05/17/21	DMG & Partners	Thai Beverage	0.67	0.94	Buy
05/18/21	Phillip	Thai Beverage	0.695	0.86	Buy	PER18x FY21
06/28/21	UOB Kay Hian	Thai Beverage	0.685	0.92	Buy	Sum of parts
07/06/21	Kim Eng	Thai Beverage	0.68	0.99	Buy
07/12/21	UOB Kay Hian	Thai Beverage	0.665	0.92	Buy	Sum of parts
08/16/21	UOB Kay Hian	Thai Beverage	0.665	0.92	Buy	Sum of parts