Ascott Residence Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/24	UOB Kay Hian	ART	0.99	1.25	Buy
01/03/24	UOB Kay Hian	ART	0.99	1.4	Buy
01/22/24	Phillip	ART	0.945	1.04	Buy
01/30/24	DBS Vickers	ART	0.95	1.3	Buy	DCF
01/30/24	UOB Kay Hian	ART	0.95	1.45	Buy	DDM
02/06/24	DBS Vickers	ART	0.93	1.3	Buy	DCF
02/09/24	Phillip	ART	0.92	1.04	Accumulate	DDM
03/13/24	UOB Kay Hian	ART	0.905	1.45	Buy	DDM
03/28/24	Lim & Tan	ART	0.94	1.18	Accumulate
03/28/24	Citi Research	ART	0.94	1.12	Buy
04/03/24	UOB Kay Hian	ART	0.95	1.45	Buy	DDM
04/03/24	DBS Vickers	ART	0.95	1.3	Buy	DCF
04/05/24	CIMB	ART	0.94	1.17	Add	DDM
04/15/24	Phillip	ART	0.93	1.04	Accumulate	DDM
04/25/24	UOB Kay Hian	ART	0.905	1.4	Buy	DDM
05/20/24	Phillip	ART	0.915	1.04	Accumulate
05/20/24	OCBC	ART	0.915	1.13	Buy
06/04/24	Lim & Tan	ART	0.895	1.18	Accumulate
07/05/24	DBS Vickers	ART	0.87	1.3	Buy	DCF
07/22/24	Phillip	ART	0.9	1.04	Accumulate	DDM
07/26/24	Lim & Tan	ART	0.9	1.21	Accumulate
07/29/24	DBS Vickers	ART	0.9	1.15	Buy	DCF
07/29/24	Kim Eng	ART	0.9	1.1	Buy	DDM
07/29/24	Citi Research	ART	0.9	1.12	Buy	DDM & RNAV
08/22/24	UOB Kay Hian	ART	0.885	1.3	Buy
08/26/24	Phillip	ART	0.895	1.04	Buy	DDM
08/26/24	DBS Vickers	ART	0.895	1.15	Buy	DCF
08/26/24	OCBC	ART	0.895	1.08	Buy
09/23/24	Phillip	ART	0.955	1.04	Buy	DDM
10/01/24	DBS Vickers	ART	0.975	1.15	Buy	DCF
10/02/24	CIMB	ART	0.975	1.18	Add	DDM
10/02/24	OCBC	ART	0.975	1.08	Buy
10/02/24	Citi Research	ART	0.975	1.12	Buy	DDM & RNAV
10/04/24	UOB Kay Hian	ART	0.975	1.38	Buy	DDM
10/09/24	Lim & Tan	ART	0.955	1.46	Accumulate
10/18/24	Phillip	ART	0.95	1.04	Buy	DDM
11/01/24	UOB Kay Hian	ART	0.905	1.38	Buy	DDM
11/01/24	Phillip	ART	0.905	1.04	Buy	DDM
11/04/24	Kim Eng	ART	0.905	1.15	Buy	DDM
12/17/24	DBS Vickers	ART	0.875	1.15	Buy	DCF
12/19/24	OCBC	ART	0.875	1.06	Buy
01/02/25	UOB Kay Hian	ART	0.87	1.38	Buy	DDM
01/03/25	Phillip	ART	0.89	1.03	Buy	DDM
01/09/25	Kim Eng	ART	0.895	1.15	Buy
01/27/25	Lim & Tan	ART	0.88	1.08	Accumulate
01/28/25	Phillip	ART	0.89	1.05	Buy	DDM
01/28/25	Citi Research	ART	0.89	1.12	Buy	DDM & RNAV
02/04/25	OCBC	ART	0.895	0.99	Buy
02/17/25	Phillip	ART	0.875	1.05	Buy	DDM