ART - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/29/18	UOB Kay Hian	ART	1.26	1.23	Hold
01/29/18	OCBC	ART	1.26	1.16	Hold
01/29/18	DBS Vickers	ART	1.26	1.34	Buy	DCF
03/15/18	UOB Kay Hian	ART	1.16	1.23	Hold
04/17/18	DBS Vickers	ART	1.14	1.34	Buy
04/18/18	Lim & Tan	ART	1.13	0	Neutral
04/19/18	UOB Kay Hian	ART	1.14	1.23	Hold	DDM
04/19/18	DBS Vickers	ART	1.14	1.3	Buy	DCF
07/06/18	DBS Vickers	ART	1.09	1.3	Buy
07/25/18	OCBC	ART	1.13	1	Sell
07/25/18	UOB Kay Hian	ART	1.13	1.18	Hold	DDM
07/25/18	CIMB	ART	1.13	1.16	Hold	DDM
07/25/18	DBS Vickers	ART	1.13	1.25	Buy	DCF
08/30/18	DBS Vickers	ART	1.08	1.25	Buy	DCF
09/17/18	Kim Eng	ART	1.07	1.15	Hold	DDM
09/20/18	Lim & Tan	ART	1.09	0	Hold
09/21/18	CIMB	ART	1.09	1.12	Hold
09/21/18	DBS Vickers	ART	1.09	1.25	Buy
10/25/18	UOB Kay Hian	ART	1.07	1.18	Hold
11/02/18	Kim Eng	ART	1.05	1.15	Hold	DDM
11/02/18	OCBC	ART	1.05	1.03	Hold
11/02/18	UOB Kay Hian	ART	1.05	1.15	Hold	DDM, Buy @ $1.05
11/02/18	CIMB	ART	1.05	1.12	Hold
11/02/18	Lim & Tan	ART	1.05	0	Buy

Stock calls for 4 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
11/04/19	phillip	China Sunsine	1.2	1.68	Buy
01/04/19	Phillip	A-Reit	2.57	2.78	Accumulate
01/04/19	Phillip	CapitaCommercial	1.75	1.9	Accumulate
01/04/19	Lim & Tan	City Developments	7.94	0	Buy
01/04/19	UOB Kay Hian	CSE Global	0.385	0.59	Buy
01/04/19	UOB Kay Hian	Fu Yu	0.186	0.27	Buy
01/04/19	phillip	Geo Energy	0.176	0.245	Buy
01/04/19	DBS Vickers	Jardine C&C	35.28	43.1	Buy
01/04/19	OCBC	Keppel Corp	5.81	7.25	Buy	Sum of parts
01/04/19	Phillip	Keppel DC Reit	1.36	1.45	Accumulate
01/04/19	Phillip	M1	2.08	2.06	Accept Offer	Offer $2.06
01/04/19	UOB Kay Hian	OCBC	11.03	14.05	Buy
01/04/19	UOB Kay Hian	SATS	4.59	5.6	Buy
01/04/19	phillip	SGX	7.15	9.01	Buy
01/04/19	phillip	Sheng Siong	1.07	1.13	Accumulate
01/04/19	Phillip	Singtel	2.86	3.4	Buy	Sum of parts
01/04/19	Phillip	Starhub	1.71	1.88	Accumlate	EV/Ebitda6x FY19
01/04/19	phillip	UOB	23.99	32.52	Buy
01/04/19	Lim & Tan	UOL	6	0	Buy
01/04/19	UOB Kay Hian	Valuetronics	0.66	0.87	Buy
01/04/19	CIMB	Yongnam	0.183	0.4	Add	PB0.8x FY19

Iphone sales in China won't be good in these 2 years. Why?

Apple won't be performing well in China in these 2 years. Why?

This is because China will be deploying Huawei 5G in 2020 and Huawei will be pushing out its 5G mobile phones with its own 5G chips to tap on the super fast 5G network.  Many China mobile manufacturers like Xiaomi, Oppo, Vivo, etc will be producing their own 5G phones too.

Huawei 5G network is super fast and cheap.  Please see below for more information.

http://sg-stock.blogspot.com/2019/01/the-real-reason-behind-ban-of-huaweis-5g.html

Therefore, consumers won't be upgrading their phones now and will be delaying their purchases because they will want the 5G phones for the fast network.  As the current Iphones are not 5G ready since they don't have 5G chips, Iphones' sales will be bad in China for these 2 years.

Hot news! NTUC Fairprice will sign a 3-year contract with Kaohsiung for its farm products.

I've just watched the online news announced by Kaohsiung Mayor Han.  He announced that Kaohsiung would be signing a 3-year contract with NTUC Fairprice for its farm products.

NTUC Fairprice will be selling a lot of Taiwanese farm products soon.

The real reason behind the ban of Huawei's 5G.

When the western countries cannot compete with Huawei's 5G, they will embark on smearing campaign to discredit Huawei.

Nokia and A1 5G speed are 1.4gbps.

https://www.telegeography.com/products/commsupdate/articles/2018/06/12/a1-and-nokia-5g-trial-achieves-speeds-of-1-4gbps/

AT&T 5G speed is 625mbps.

https://www.androidpolice.com/2018/12/31/atts-first-5g-speed-tests-are-here-and-theyre-not-great/

Huawei 5G speed is 2.7gbps.

https://defence.pk/pdf/threads/huawei-successfully-completed-5g-network-speed-test-in-italy-speed-up-to-2-7g-sec.594137/

The real reason that the western countries ban Huawei's 5G is that it is cheaper and faster.  They simply cannot compete with Huawei because Huawei has the most 5G patents in the world.

Does STI really generate 9.2% annualised total return from 2009-2018?

https://www.businesstimes.com.sg/companies-markets/sti-generates-92-annualised-total-return-in-2009-2018-period-sgx

This is a pseudo analysis generated by an inexperienced person with limited financial knowledge.

STI components had been changing over the last decade and the weaker stocks had been kicked out of the STI constituents.  STI is downsized to 30 stocks now compared to the original 50 stocks.  The STI was downsized to 45 and 30 respectively.  Even the 30 stocks had been changed a few times as the weaker stocks were removed from the STI.

Therefore, it is irrelevant to do the annualised total return on STI because the current 30 stocks are not the original 30 stocks.  We are not comparing apples to apples now.

Do not get deceived by this pseudo analysis!

APTV - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/18	Phillip	APTV	0.575	0.62	Accumulate
05/17/18	Phillip	APTV	0.465	0.52	Buy
07/16/18	Phillip	APTV	0.425	0.52	Buy
08/07/18	Phillip	APTV	0.405	0.35	Reduce
11/19/18	Phillip	APTV	0.167	0.17	Accumulate	DCF

APAC Realty - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/18	DMG & Partners	APAC Realty	0.94	1.2	Buy
02/19/18	DBS Vickers	APAC Realty	1.02	1.12	Buy
02/20/18	DMG & Partners	APAC Realty	1.06	1.2	Buy
02/26/18	DMG & Partners	APAC Realty	1.1	1.35	Buy	DCF
02/26/18	DBS Vickers	APAC Realty	1.1	1.25	Buy	DCF & PER15x FY18
03/20/18	DBS Vickers	APAC Realty	1.19	1.42	Buy	DCF & PER15x FY18
04/10/18	DMG & Partners	APAC Realty	1.17	1.35	Buy
05/10/18	DBS Vickers	APAC Realty	1.03	1.32	Buy	DCF & PER15x FY18
05/30/18	DMG & Partners	APAC Realty	0.905	1.35	Buy	DCF
06/06/18	DBS Vickers	APAC Realty	0.925	1.32	Buy
06/18/18	DBS Vickers	APAC Realty	0.815	1.22	Buy	DCF
07/03/18	DMG & Partners	APAC Realty	0.785	1.35	Buy
07/09/18	DBS Vickers	APAC Realty	0.58	0.66	Fully Valued	PER10x FY18
07/13/18	DMG & Partners	APAC Realty	0.605	0.77	Buy	DCF
08/08/18	DMG & Partners	APAC Realty	0.63	0.77	Buy	DCF
08/08/18	DBS Vickers	APAC Realty	0.63	0.62	Hold	PER10x FY19
09/03/18	DMG & Partners	APAC Realty	0.57	0.77	Buy	DCF
09/07/18	DBS Vickers	APAC Realty	0.565	0.62	Hold	PER10x FY19
11/13/18	DMG & Partners	APAC Realty	0.495	0.72	Buy	DCF
11/14/18	DBS Vickers	APAC Realty	0.5	0.56	Hold	PER10x FY19

Aoxin Q&M - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
06/01/18	Phillip	1D4	Aoxin Q&M	0.22	0.29	Not Rated	31.82	PER35x FY19

Stock calls for 3 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/19	UOB Kay Hian	Bumitama	0.67	0.81	Buy
01/03/19	OCBC	Capitaland	3.07	3.96	Buy
01/03/19	CIMB	DBS	23.49	27	Hold
01/03/19	UOB Kay Hian	First Resources	1.56	1.6	Hold
01/03/19	UOB Kay Hian	Golden Agri	0.245	0.2	Sell
01/03/19	CIMB	OCBC	11.1	14	Add
01/03/19	OCBC	UOL	6.07	8.41	Buy
01/03/19	UOB Kay Hian	Wilmar	3.13	3.9	Buy

The US treasury's situation is getting chaotic.

The chaotic situation (yield inversion) is depicted below.

2-year yield > 5-year yield
2-year yield > 3-year yield
1-year yield > 7-year yield
1-year yield > 5-year yield
1-year yield > 3-year yield
1-year yield > 2-year yield
6-month yield > 5-year yield
6-month yield > 3-year yield
6-month yield > 2-year yield
6-month yield > 1-year yield

http://sg-stock.blogspot.com/2018/12/the-us-markets-fell-heavily-because-of.html

The investors are buying the longer maturities rather than the shorter maturities because they've lost faith in the short-term debts out of fear that the government has short-term cashflow problems.  This is understandable from the investors' perspective because of the US government shutdown.  Nobody will believe that the US government will shut down for a long period and this is the reason that the investors will still buy the longer dated treasuries.

Apple plunges after Iphone sales disappoint.

https://finance.yahoo.com/news/apple-cuts-first-quarter-revenue-214529525.html

This is not surprising as we've been warning about Apple.

http://sg-stock.blogspot.com/2018/11/more-bad-news-for-apple.html

http://sg-stock.blogspot.com/2018/12/apple-iphones-are-banned-in-china-now.html

Investors would have avoided catching the falling knife if they've read our postings.

Cheers!

Amara - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/26/18	DMG & Partners	Amara	0.55	0.88	Buy	PB0.65x
05/16/18	DMG & Partners	Amara	0.515	0.88	Buy	PB0.65x
08/21/18	DMG & Partners	Amara	0.475	0.88	Buy	RNAV (35% discount)
11/14/18	DMG & Partners	Amara	0.42	0.88	Buy	PB0.65x

AIMS AMP Cap Ind Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/18	Lim & Tan	AIMS AMP Cap Ind Reit	1.37	0	Hold
02/02/18	Kim Eng	AIMS AMP Cap Ind Reit	1.37	1.5	Buy
03/19/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.57	Not Rated
04/16/18	Kim Eng	AIMS AMP Cap Ind Reit	1.38	1.5	Buy	DDM
06/19/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.55	Buy	DCF
07/06/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.55	Buy
10/26/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.35	1.55	Buy	DCF
12/07/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.34	1.5	Buy	DCF

AEM - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/18	CIMB	AEM	3.31	4.55	Add
01/24/18	CIMB	AEM	4.16	5.97	Add	PER10x CY19
02/02/18	CIMB	AEM	4.97	6.62	Add	PER10x CY19
03/02/18	CIMB	AEM	6.3	8.19	Add	PER10x CY19
04/03/18	CIMB	AEM	6.78	8.19	Add	PER10x FY19
04/26/18	CIMB	AEM	6.32	7.24	Add	PER10x FY19
05/25/18	CIMB	AEM	1.47	1.78	Add	3-for-1 bonus
08/01/18	CIMB	AEM	0.995	0.69	Reduce	PER10x FY19
11/01/18	CIMB	AEM	0.8	0.75	Hold	PER10x FY19

Stock calls for 2 January 2019

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	DMG & Partners	A-Reit	2.57	2.9	Buy
01/02/19	DMG & Partners	Capitaland	3.11	4	Buy
01/02/19	DMG & Partners	CDL Hospitality	1.46	1.8	Buy
01/02/19	CIMB	CDL Hospitality	1.46	1.63	Add
01/02/19	DMG & Partners	DBS	23.69	29.8	Buy	GGM, PB1.54x FY19
01/02/19	DMG & Partners	Delfi	1.32	1.59	Buy
01/02/19	DMG & Partners	Fu Yu	0.19	0.23	Buy
01/02/19	DMG & Partners	Genting	0.975	1.23	Buy
01/02/19	DMG & Partners	HRnetGroup	0.8	1.18	Buy
01/02/19	DBS Vickers	Keppel KBS	0.61	0.78	Buy	DCF
01/02/19	Kim Eng	M1	2.09	1.63	Sell
01/02/19	DMG & Partners	Manulife US Reit	0.77	0.92	Buy
01/02/19	DBS Vickers	Manulife US Reit	0.77	0.88	Buy	DCF
01/02/19	CIMB	Mapletree Logistics	1.26	1.42	Add	DDM
01/02/19	UOB Kay Hian	Netlink	0.765	0.99	Buy	DCF
01/02/19	Kim Eng	Netlink	0.765	0.93	Buy
01/02/19	CIMB	OUE Hospitality	0.67	0.85	Add
01/02/19	DMG & Partners	Sheng Siong	1.06	1.27	Buy
01/02/19	DMG & Partners	Silverlake	0.415	0.65	Buy
01/02/19	DMG & Partners	Singapore Medical	0.4	0.56	Buy
01/02/19	UOB Kay Hian	Singtel	2.83	3.58	Buy	DCF
01/02/19	Kim Eng	Singtel	2.83	3.39	Hold
01/02/19	DMG & Partners	ST Engineering	3.51	3.97	Buy
01/02/19	DMG & Partners	Starhill	0.68	0.8	Buy
01/02/19	UOB Kay Hian	Starhub	1.75	1.6	Sell
01/02/19	Kim Eng	Starhub	1.75	2.21	Buy
01/02/19	DMG & Partners	UOB	24.57	30.8	Buy	GGM, PB1.41x FY19
01/02/19	DMG & Partners	Venture	13.85	19	Buy
01/02/19	DMG & Partners	Wilmar	3.16	3.58	Buy

Singapore Q4 GDP growth has slowed down!

https://sg.finance.yahoo.com/news/singapore-q4-gdp-growth-cools-trade-woes-darken-031521709--business.html

Singapore Q4 GDP growth has slowed to 1.6% compared to the expected 3.2% quarter on quarter forecast.  The year on year growth has also slowed to 2.2% than the 2.3% forecast.

Bitcoin prices will continue to fall in 2019!

https://sg.finance.yahoo.com/news/no-investment-strategies-worse-cryptocurrencies-115440699.html

Bitcoins are the worst investments among other financial derivatives.

As more people get educated about crypto, they will forsake and abandon cryptos.

Please read our analysis on crypto and ICO.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

Do not buy or use digital lock!

There is a cheap and simple device that can be used to unlock all digital locks.  Just wave the device around the digital lock to unlock it. So scary!

Do not use iphone installed car riding app in china.

The installed Iphone's car riding app costs about 30% more than installed Android's car riding app in China.  This is because Apple charges a 30% commission for the installed app.

Baltic dry index - 1271

Today, Monday, December 24 2018, the Baltic Dry Index decreased by 8 points, reaching 1271 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

================

Related stocks: Sembcorp Marine, Cosco & Pan Ocean.

US rig count - 1083

The U.S. added two oil rigs this week, marking the second consecutive week for an increase, according to data compiled by Baker Hughes, a GE Company.

This week’s gain comes on the heels of an addition of 10 oil rigs last week. The nation’s number of active oil rigs is now 885.

The United States also added one gas rig this week.

The rig count for all but three major basins remained flat this week, including the Permian – which accounts for more than half of the nation’s oil rigs. The Granite Wash, Haynesville and Utica all added one rig apiece this week.

For the month of December, the rig count fell by two, its first decline in six months. But for the fourth quarter, the count was up 26, the fourth increase in a row, Reuters reported.

The total active rig count for this week is 1,083. This is 154 more than one year ago.

==================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

Indonesia Tsunami CCTV footage.

The CCTV captured people running for their lives!

Advancer Global Ltd - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/18	SAC Advisors	Advancer Global Ltd	0.285	0.36	Buy
12/20/18	SAC Advisors	Advancer Global Ltd	0.23	0.36	Buy

Addvalue - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/08/18	NRA	Addvalue	0.042	0.079	Not Rated
04/25/18	NRA	Addvalue	0.04	0.079	Not Rated
06/08/18	NRA	Addvalue	0.041	0.052	Overweight	Mid-point of target $0.0485-$0.0552

Accrelist - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/31/18	NRA	Accrelist	0.006	0.012	Overweight

Accordia Golf Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/24/18	Amfrasers	Accordia Golf Trust	0.64	0.78	Buy	DDM
05/31/18	Lim & Tan	Accordia Golf Trust	0.595	0	Hold
06/01/18	Amfrasers	Accordia Golf Trust	0.605	0.7	Buy	DDM
08/21/18	Amfrasers	Accordia Golf Trust	0.565	0.7	Buy
11/15/18	Amfrasers	Accordia Golf Trust	0.49	0.61	Hold

Crypto exchanges are on the verge of collapsing now!

https://sg.finance.yahoo.com/news/bitcoin-exchange-giant-huobi-announces-095511105.html

As crypto prices stay low, these crypto exchanges' survival is getting difficult.  Many crypto exchanges will collapse when crypto prices go lower.  If bitcoin price goes below US$2,000, many crypto exchanges cannot survive because of the high expenses.  The VCs behind these exchanges will suffer humongous losses just like those who invested in bike sharing businesses.

Ascendas Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/18	Deutsche	A-Reit	2.74	2.75	Hold
01/05/18	DMG & Partners	A-Reit	2.79	2.9	Buy	DDM
01/19/18	UOB Kay Hian	A-Reit	2.77	3.05	Buy
01/19/18	Kim Eng	A-Reit	2.77	3	Buy
01/26/18	Phillip	A-Reit	2.75	2.89	Accumulate	DDM, PB1.36x FY18
01/26/18	OCBC	A-Reit	2.75	2.69	Hold
01/26/18	DBS Vickers	A-Reit	2.75	2.85	Buy
01/26/18	CIMB	A-Reit	2.75	2.88	Add
02/12/18	Phillip	A-Reit	2.57	2.87	Accumulate
02/13/18	UOB Kay Hian	A-Reit	2.58	3.05	Buy
02/20/18	DMG & Partners	A-Reit	2.62	2.9	Buy
02/20/18	DBS Vickers	A-Reit	2.62	2.85	Buy
03/05/18	UOB Kay Hian	A-Reit	2.61	3.05	Buy
03/06/18	UOB Kay Hian	A-Reit	2.58	2.76	Buy
03/19/18	DBS Vickers	A-Reit	2.66	2.85	Buy
03/27/18	Phillip	A-Reit	2.6	2.89	Accumulate
04/16/18	Kim Eng	A-Reit	2.69	3.05	Buy	DDM
04/16/18	DMG & Partners	A-Reit	2.69	2.9	Buy
04/24/18	Phillip	A-Reit	2.65	2.91	Accumulate	DDM, PB1.37x FY18/19
04/24/18	UOB Kay Hian	A-Reit	2.65	3.05	Buy	DDM
04/24/18	DMG & Partners	A-Reit	2.65	2.95	Buy	DDM
04/24/18	CIMB	A-Reit	2.65	2.85	add	DDM
04/24/18	OCBC	A-Reit	2.65	2.71	Hold
04/24/18	DBS Vickers	A-Reit	2.65	3	Buy	DCF
04/25/18	Jefferies	A-Reit	2.68	2.95	Buy
05/02/18	UOB Kay Hian	A-Reit	2.67	3.05	Buy
05/08/18	DBS Vickers	A-Reit	2.65	3	Buy
05/17/18	DMG & Partners	A-Reit	2.64	2.95	Buy
05/21/18	Phillip	A-Reit	2.65	2.91	Accumulate
06/04/18	UOB Kay Hian	A-Reit	2.64	3.05	Buy
06/26/18	DBS Vickers	A-Reit	2.58	3	Buy
07/03/18	UOB Kay Hian	A-Reit	2.61	3.05	Buy
07/06/18	DBS Vickers	A-Reit	2.65	3	Buy
07/16/18	Phillip	A-Reit	2.71	2.91	Accumulate
07/27/18	OCBC	A-Reit	2.72	2.71	Hold
07/27/18	Deutsche	A-Reit	2.72	2.8	Hold
07/30/18	Phillip	A-Reit	2.73	2.96	Accumulate	DDM, PB1.39x FY19
07/30/18	CIMB	A-Reit	2.73	2.89	Add	DDM
07/31/18	UOB Kay Hian	A-Reit	2.76	3.01	Buy	DDM
07/31/18	Deutsche	A-Reit	2.76	2.75	Hold
08/17/18	UOB Kay Hian	A-Reit	2.73	3.01	Buy
08/24/18	DBS Vickers	A-Reit	2.73	3	Buy
09/07/18	OCBC	A-Reit	2.69	2.71	Hold
09/10/18	CIMB	A-Reit	2.63	2.89	Add	DDM
09/25/18	Deutsche	A-Reit	2.59	2.75	Hold
10/01/18	Kim Eng	A-Reit	2.64	3.05	Buy	DDM
10/01/18	OCBC	A-Reit	2.64	2.71	Hold
10/02/18	Lim & Tan	A-Reit	2.63	0	Hold
10/04/18	Jefferies	A-Reit	2.6	2.95	Buy
10/04/18	Phillip	A-Reit	2.6	2.82	Accumulate	DDM, PB1.32x FY18
10/12/18	UOB Kay Hian	A-Reit	2.57	3.01	Buy
10/16/18	DMG & Partners	A-Reit	2.5	2.9	Buy	DDM
10/25/18	UOB Kay Hian	A-Reit	2.56	3.01	Buy
10/26/18	CIMB	A-Reit	2.58	2.84	Add	DDM
10/26/18	DBS Vickers	A-Reit	2.58	2.95	Buy	DCF
10/26/18	Phillip	A-Reit	2.58	2.78	Accumulate	DDM, PB1.3x FY19
10/26/18	OCBC	A-Reit	2.58	2.64	Hold
10/26/18	Kim Eng	A-Reit	2.58	2.95	Buy	DDM
11/08/18	UOB Kay Hian	A-Reit	2.54	3.01	Buy
11/21/18	Phillip	A-Reit	2.55	2.78	Accumulate
12/11/18	DMG & Partners	A-Reit	2.56	2.9	Buy

800Super - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/16/18	Phillip	800Super	1.25	1.4	Accumulate	DCF, PER16.3x FY18
02/12/18	Phillip	800Super	1.14	1.35	Accumulate	DCF, PER17.8x FY18
05/14/18	Phillip	800Super	1.12	1.3	Accumulate	DCF, PER19.1x FY18
09/03/18	Phillip	800Super	0.635	1.03	Buy	DCF, PER13x FY19
11/13/18	Phillip	800Super	0.785	0.8	Neutral	DCF, PER18.2x FY19