Sabana - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/25/23	DBS Vickers	Sabana	0.425	0.48	Hold
06/09/23	DBS Vickers	Sabana	0.435	0.48	Hold
08/08/23	DBS Vickers	Sabana	0.405	0.3	Fully Valued	DCF
10/19/23	DBS Vickers	Sabana	0.39	0.3	Fully Valued	DCF
11/20/23	DBS Vickers	Sabana	0.395	0.3	Fully Valued	DCF
01/24/24	Lim & Tan	Sabana	0.39	0.3	Avoid
01/25/24	DBS Vickers	Sabana	0.39	0.3	Fully Valued	DCF

Riverstone - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/09/23	Lim & Tan	Riverstone	0.585	0.63	Hold
11/07/23	CIMB	Riverstone	0.615	0.75	Add	PER14.5x FY25
12/12/23	CIMB	Riverstone	0.61	0.75	Add
12/12/23	DMG & Partners	Riverstone	0.61	0.74	Buy
01/22/24	CIMB	Riverstone	0.65	0.88	Add
01/26/24	UOB Kay Hian	Riverstone	0.67	0.82	Buy	PER17.3x FY24
03/01/24	UOB Kay Hian	Riverstone	0.675	0.88	Buy	PER17.6x FY24
03/21/24	DMG & Partners	Riverstone	0.765	0.93	Buy	DCF, PER18x FY24

Stock calls for 25 March 2024

Date	Analyst	Company	Last	Target	Call	Valuation
03/25/24	UOB Kay Hian	RH Petrogas	0.16	0.242	Buy	Sum of parts
03/25/24	Phillip	Thomson Medical	0.051	0.066	Buy	Sum of parts

Baltic dry index - 2196

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 624

Related stock: Seatrium & Cosco.

RH Petrogas - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/23	UOB Kay Hian	RH Petrogas	0.2	0.25	Buy
04/06/23	UOB Kay Hian	RH Petrogas	0.199	0.255	Buy	Sum of parts
06/08/23	UOB Kay Hian	RH Petrogas	0.187	0.255	Buy
07/25/23	UOB Kay Hian	RH Petrogas	0.205	0.25	Buy	Sum of parts
08/24/23	UOB Kay Hian	RH Petrogas	0.185	0.238	Buy	Sum of parts

Rex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/21/23	UOB Kay Hian	Rex	0.137	0.1	Sell
06/14/23	UOB Kay Hian	Rex	0.164	0.1	Sell	PB0.5x
07/25/23	UOB Kay Hian	Rex	0.18	0.1	Sell
08/28/23	UOB Kay Hian	Rex	0.153	0.1	Sell
11/27/23	UOB Kay Hian	Rex	0.17	0.1	Sell	PB0.5x
03/12/24	UOB Kay Hian	Rex	0.132	0.08	Sell	PB1x