ARA Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/21	UOB Kay Hian	ARA Logistics	0.595	0.85	Buy	DDM
01/14/21	DMG & Partners	ARA Logistics	0.67	0.74	Buy
01/27/21	Kim Eng	ARA Logistics	0.675	0.8	Buy	DDM
01/28/21	UOB Kay Hian	ARA Logistics	0.71	0.89	Buy
01/28/21	CIMB	ARA Logistics	0.71	0.749	Add	DDM
01/28/21	DBS Vickers	ARA Logistics	0.71	0.8	Buy
02/23/21	DBS Vickers	ARA Logistics	0.715	0.8	Buy
03/04/21	UOB Kay Hian	ARA Logistics	0.715	0.89	Buy
03/12/21	DMG & Partners	ARA Logistics	0.715	0.78	Buy
04/21/21	DBS Vickers	ARA Logistics	0.735	0.8	Buy
04/26/21	CIMB	ARA Logistics	0.75	0.814	Add	DDM
04/28/21	UOB Kay Hian	ARA Logistics	0.765	0.89	Buy	DDM
05/27/21	DMG & Partners	ARA Logistics	0.77	0.85	Buy
06/10/21	DBS Vickers	ARA Logistics	0.815	0.85	Buy
06/29/21	UOB Kay Hian	ARA Logistics	0.84	0.89	Buy
07/23/21	DBS Vickers	ARA Logistics	0.88	1	Buy	DCF
07/23/21	UOB Kay Hian	ARA Logistics	0.88	1.02	Buy	DDM
07/23/21	DMG & Partners	ARA Logistics	0.88	0.95	Buy
07/23/21	CIMB	ARA Logistics	0.88	0.961	Add	DDM
07/29/21	Kim Eng	ARA Logistics	0.9	0.95	Buy	DDM
09/20/21	UOB Kay Hian	ARA Logistics	0.935	1.02	Buy
10/08/21	UOB Kay Hian	ARA Logistics	0.905	1.07	Buy	DDM
10/18/21	UOB Kay Hian	ARA Logistics	0.89	1.07	Accept Offer	DDM
10/18/21	Lim & Tan	ARA Logistics	0.89	0	Accept Offer
10/18/21	DMG & Partners	ARA Logistics	0.89	0.95	Take Profit
10/27/21	CIMB	ARA Logistics	0.885	0.978	Add	DDM
01/24/22	Lim & Tan	ARA Logistics	0.895	0.933	Accept Offer
01/27/22	CIMB	ARA Logistics	0.87	0.987	Add	DDM

ARA Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/21	DBS Vickers	ARA Hospitality	0.485	0.69	Buy	DCF
03/23/21	DBS Vickers	ARA Hospitality	0.555	0.69	Buy
07/09/21	DBS Vickers	ARA Hospitality	0.555	0.79	Buy	DCF
08/20/21	DBS Vickers	ARA Hospitality	0.495	0.75	Buy	DCF

Stock calls for 23 February 2022

Date	Analyst	Company	Last	Target	Call	Valuation
02/23/22	DBS Vickers	Aztech	0.915	1.48	Buy
02/23/22	Kim Eng	Aztech	0.915	1.14	Buy
02/23/22	DBS Vickers	CDL Hospitality	1.21	1.4	Buy
02/23/22	DBS Vickers	Delfi	0.75	1.07	Buy
02/23/22	OCBC	Mapletree Commercial	1.85	2.04	Buy
02/23/22	DBS Vickers	OCBC	13.16	14	Buy
02/23/22	Lim & Tan	OCBC	13.16	0	Accumulate on weakness
02/23/22	DBS Vickers	Q&M	0.57	0.8	Buy
02/23/22	DMG & Partners	Raffles Medical	1.23	1.55	Buy	PER40x FY22
02/23/22	OCBC	Raffles Medical	1.23	1.65	Buy
02/23/22	phillip	Raffles Medical	1.23	1.27	Neutral	DCF
02/23/22	UOB Kay Hian	Wilmar	4.62	6	Buy	Sum of parts
02/23/22	DBS Vickers	Wilmar	4.62	6.67	Buy
02/23/22	CIMB	Wilmar	4.62	5.69	Add	Sum of parts, PER15x FY22
02/23/22	Citi Research	Wilmar	4.62	6.08	Buy