Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/25/22	UOB Kay Hian	Thai Beverage	0.615	0.87	Buy	Sum of parts
11/28/22	UOB Kay Hian	Thai Beverage	0.61	0.73	Buy	Sum of parts
11/28/22	DBS Vickers	Thai Beverage	0.61	0.87	Buy	Sum of parts
11/28/22	DMG & Partners	Thai Beverage	0.61	0.91	Buy	Sum of parts
11/28/22	CIMB	Thai Beverage	0.61	0.88	Add
11/28/22	Lim & Tan	Thai Beverage	0.61	0.84	Accumulate
12/05/22	Phillip	Thai Beverage	0.64	0.8	Buy	PER18x F23
12/20/22	DMG & Partners	Thai Beverage	0.675	0.91	Buy
01/05/23	DMG & Partners	Thai Beverage	0.675	0.91	Buy
01/18/23	UOB Kay Hian	Thai Beverage	0.705	0.85	Buy	Sum of parts
02/10/23	CIMB	Thai Beverage	0.7	0.88	Add	Sum of parts
02/13/23	UOB Kay Hian	Thai Beverage	0.7	0.8	Buy	Sum of parts
02/13/23	Phillip	Thai Beverage	0.7	0.8	Accumulate	PER18x F23
02/13/23	DBS Vickers	Thai Beverage	0.7	0.87	Buy	PER14.5x FY23
02/14/23	DMG & Partners	Thai Beverage	0.675	0.91	Buy	Sum of parts
03/13/23	DBS Vickers	Thai Beverage	0.64	0.87	Buy	DCF
03/16/23	DBS Vickers	Thai Beverage	0.62	0.86	Buy
03/29/23	DMG & Partners	Thai Beverage	0.645	0.91	Buy
04/03/23	CIMB	Thai Beverage	0.63	0.88	Add
04/10/23	UOB Kay Hian	Thai Beverage	0.655	0.78	Buy	Sum of parts
05/11/23	UOB Kay Hian	Thai Beverage	0.615	0.75	Buy	Sum of parts
05/12/23	DBS Vickers	Thai Beverage	0.6	0.86	Buy
05/15/23	Phillip	Thai Beverage	0.59	0.8	Buy	PER18x F23
05/16/23	CIMB	Thai Beverage	0.595	0.88	Add	Sum of parts
06/13/23	UOB Kay Hian	Thai Beverage	0.565	0.75	Buy	Sum of parts
06/22/23	DMG & Partners	Thai Beverage	0.57	0.87	Buy	Sum of parts, PER17.3x FY23/24
07/05/23	Amfrasers	Thai Beverage	0.58	0.65	Buy
07/13/23	DBS Vickers	Thai Beverage	0.565	0.86	Buy
07/13/23	CIMB	Thai Beverage	0.565	0.88	Add
07/20/23	DMG & Partners	Thai Beverage	0.585	0.87	Buy
08/10/23	UOB Kay Hian	Thai Beverage	0.57	0.83	Buy	Sum of parts
08/10/23	DBS Vickers	Thai Beverage	0.57	0.86	Buy
08/10/23	DMG & Partners	Thai Beverage	0.57	0.87	Buy
08/10/23	CIMB	Thai Beverage	0.57	0.75	Add	Sum of parts
08/14/23	Phillip	Thai Beverage	0.575	0.75	Buy	PER18x FY23