Frasers Centrepoint Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/05/20	Phillip	Frasers Centrepoint Trust	2.41	2.79	Accumulate
11/03/20	DBS Vickers	Frasers Centrepoint Trust	2.08	2.94	Buy
11/03/20	Lim & Tan	Frasers Centrepoint Trust	2.08	0	Hold
11/04/20	UOB Kay Hian	Frasers Centrepoint Trust	2.11	3.15	Buy	DDM
11/04/20	DBS Vickers	Frasers Centrepoint Trust	2.11	3	Buy
11/04/20	CIMB	Frasers Centrepoint Trust	2.11	2.89	Add
11/04/20	Kim Eng	Frasers Centrepoint Trust	2.11	2.9	Buy
11/09/20	Phillip	Frasers Centrepoint Trust	2.26	2.79	Buy	DDM
11/12/20	OCBC	Frasers Centrepoint Trust	2.33	2.75	Buy
12/03/20	Lim & Tan	Frasers Centrepoint Trust	2.32	0	Accumulate
12/09/20	UOB Kay Hian	Frasers Centrepoint Trust	2.42	3.15	Buy
12/18/20	DMG & Partners	Frasers Centrepoint Trust	2.5	2.4	Neutral
01/05/21	Phillip	Frasers Centrepoint Trust	2.48	2.79	Buy
01/11/21	UOB Kay Hian	Frasers Centrepoint Trust	2.57	3.15	Buy	DDM
01/18/21	Credit Suisse	Frasers Centrepoint Trust	2.6	2.97	outperform
01/25/21	Phillip	Frasers Centrepoint Trust	2.59	2.93	Buy	DDM
01/25/21	Kim Eng	Frasers Centrepoint Trust	2.59	2.9	Buy	DDM
01/25/21	UOB Kay Hian	Frasers Centrepoint Trust	2.59	3.18	Buy
01/25/21	OCBC	Frasers Centrepoint Trust	2.59	2.95	Buy
01/26/21	CIMB	Frasers Centrepoint Trust	2.61	3.01	Add
02/02/21	DBS Vickers	Frasers Centrepoint Trust	2.58	3	Buy
02/22/21	Phillip	Frasers Centrepoint Trust	2.52	2.93	Buy
03/04/21	CIMB	Frasers Centrepoint Trust	2.48	3.01	Add
03/08/21	JP Morgan	Frasers Centrepoint Trust	2.48	2.55	Neutral
03/22/21	Lim & Tan	Frasers Centrepoint Trust	2.56	0	Hold
03/22/21	CIMB	Frasers Centrepoint Trust	2.56	3.18	Add
04/06/21	DBS Vickers	Frasers Centrepoint Trust	2.53	3	Buy	DCF
04/26/21	Kim Eng	Frasers Centrepoint Trust	2.45	2.9	Buy	DDM
04/26/21	UOB Kay Hian	Frasers Centrepoint Trust	2.45	3.06	Buy
04/26/21	Lim & Tan	Frasers Centrepoint Trust	2.45	0	Accumulate
04/27/21	CIMB	Frasers Centrepoint Trust	2.48	2.87	Add
04/27/21	OCBC	Frasers Centrepoint Trust	2.48	2.78	Buy
04/27/21	Phillip	Frasers Centrepoint Trust	2.48	2.88	Buy
05/18/21	OCBC	Frasers Centrepoint Trust	2.34	2.78	Buy
05/21/21	DBS Vickers	Frasers Centrepoint Trust	2.32	3	Buy
05/21/21	UOB Kay Hian	Frasers Centrepoint Trust	2.32	3.06	Buy
05/27/21	Phillip	Frasers Centrepoint Trust	2.29	2.88	Buy
06/02/21	DBS Vickers	Frasers Centrepoint Trust	2.42	3	Buy
06/02/21	UOB Kay Hian	Frasers Centrepoint Trust	2.42	3.06	Buy	DDM
07/16/21	UOB Kay Hian	Frasers Centrepoint Trust	2.46	3.06	Buy	DDM
07/22/21	DBS Vickers	Frasers Centrepoint Trust	2.4	3	Buy	DCF
07/26/21	Phillip	Frasers Centrepoint Trust	2.38	2.87	Buy	DDM
07/26/21	CIMB	Frasers Centrepoint Trust	2.38	2.91	Add
07/27/21	OCBC	Frasers Centrepoint Trust	2.36	2.78	Buy
08/25/21	Phillip	Frasers Centrepoint Trust	2.3	2.87	Buy

Fortress Minerals - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/14/20	Phillip	Fortress Minerals	0.205	0.275	Buy	PER11x FY21
01/18/21	Phillip	Fortress Minerals	0.31	0.47	Buy	PER11x FY21
04/26/21	Phillip	Fortress Minerals	0.445	0.64	Buy	PER11x FY22
07/16/21	Phillip	Fortress Minerals	0.68	0.81	Buy	PER10x FY22

Food Empire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/16/20	DMG & Partners	Food Empire	0.585	0.75	Buy
11/13/20	DMG & Partners	Food Empire	0.575	0.8	Buy
11/13/20	UOB Kay Hian	Food Empire	0.575	0.88	Buy
12/09/20	UOB Kay Hian	Food Empire	0.595	0.88	Buy
12/10/20	Lim & Tan	Food Empire	0.595	0.72	Accumulate	PER11x
01/14/21	UOB Kay Hian	Food Empire	0.75	0.88	Buy	PER12.3x FY21
01/18/21	UOB Kay Hian	Food Empire	0.75	0.95	Buy
02/08/21	DMG & Partners	Food Empire	0.875	1.27	Buy
02/09/21	UOB Kay Hian	Food Empire	0.955	1.3	Buy
03/02/21	DMG & Partners	Food Empire	0.915	1.27	Buy
03/04/21	Lim & Tan	Food Empire	0.905	0	Accumulate on weakness
05/14/21	UOB Kay Hian	Food Empire	0.86	1.3	Buy
05/17/21	DMG & Partners	Food Empire	0.84	1.27	Buy
06/07/21	UOB Kay Hian	Food Empire	0.915	1.3	Buy
06/23/21	Lim & Tan	Food Empire	0.89	1.2	Accumulate
07/07/21	DMG & Partners	Food Empire	0.88	1.27	Buy
08/17/21	DMG & Partners	Food Empire	0.81	1.23	Buy	PER15x FY22
09/02/21	UOB Kay Hian	Food Empire	0.78	1.3	Buy

Stock calls for 17 September 2021

Date	Analyst	Company	Last	Target	Call	Valuation
09/17/21	DMG & Partners	China Aviation Oil	0.975	1.15	Buy
09/17/21	Kim Eng	Comfortdelgro	1.55	1.88	Buy
09/17/21	Lim & Tan	Hongkong Land	4.66	5.9	Accumulate
09/17/21	CIMB	Keppel Corp	5.27	6.9	Add	Sum of parts
09/17/21	DBS Vickers	Propnex	1.78	1.83	Hold	PER12x FY22
09/17/21	DBS Vickers	Suntec Reit	1.41	1.9	Buy	DCF
09/17/21	Kim Eng	UMS	1.72	2.1	Buy

First Sponsor - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/28/20	Phillip	First Sponsor	1.28	1.56	Buy	RNAV (30% discount)
02/18/21	Phillip	First Sponsor	1.33	1.56	Buy	Sum of parts (20% discount)
04/29/21	Phillip	First Sponsor	1.39	1.55	Accumulate	Sum of parts (20% discount)
08/04/21	Phillip	First Sponsor	1.36	1.56	Accumulate	Sum of parts (20% discount)

First Ship Lease Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/21	Phillip	First Ship Lease Trust	0.085	0.105	Buy	PB1x FY22
02/24/21	Phillip	First Ship Lease Trust	0.085	0.105	Accumulate	PB0.9x FY22
05/03/21	Phillip	First Ship Lease Trust	0.09	0.03	Accumulate	PB0.9x FY22