Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Valuation
01/04/18	CIMB	Wilmar	3.16	4.27
01/15/18	DBS Vickers	Wilmar	3.16	3.5
01/16/18	UOB Kay Hian	Wilmar	3.19	4.1	Sum of parts, PER14x FY18
02/23/18	CIMB	Wilmar	3.04	4.1	Sum of parts
02/23/18	UOB Kay Hian	Wilmar	3.04	4.1	Sum of parts, PER14x FY18
02/23/18	OCBC	Wilmar	3.04	3.51	PER13.5x FY18/19
02/26/18	DBS Vickers	Wilmar	3.13	3.65	DCF
02/26/18	DMG & Partners	Wilmar	3.13	3.45	Sum of parts
03/05/18	CIMB	Wilmar	3.18	4.1	Sum of parts
03/07/18	UOB Kay Hian	Wilmar	3.16	4.1	Sum of parts
03/08/18	OCBC	Wilmar	3.18	3.51
03/14/18	DBS Vickers	Wilmar	3.23	3.65
04/03/18	DBS Vickers	Wilmar	3.21	3.65
04/05/18	DMG & Partners	Wilmar	3.08	3.45
04/06/18	CIMB	Wilmar	3.1	4.1
04/30/18	UOB Kay Hian	Wilmar	3.26	4.1	Sum of parts, PER14x FY18
05/11/18	CIMB	Wilmar	3.21	4.1	Sum of parts
05/11/18	UOB Kay Hian	Wilmar	3.21	4.1	Sum of parts, PER14x FY18
05/11/18	DMG & Partners	Wilmar	3.21	3.45
05/14/18	UOB Kay Hian	Wilmar	3.16	3.9	Sum of parts, PER14.5x FY18
05/14/18	DBS Vickers	Wilmar	3.16	3.65	DCF, PER14.4x FY18
05/14/18	OCBC	Wilmar	3.16	3.51
05/14/18	DMG & Partners	Wilmar	3.16	3.59	Sum of parts
06/05/18	DBS Vickers	Wilmar	3.28	3.65
06/21/18	UOB Kay Hian	Wilmar	3.12	3.9
06/27/18	OCBC	Wilmar	3.06	3.51	PER13x
07/03/18	UOB Kay Hian	Wilmar	3.04	3.9	PER14.5x FY18
07/03/18	DBS Vickers	Wilmar	3.04	3.5	DCF
07/04/18	DMG & Partners	Wilmar	3.07	3.59	Sum of parts
08/02/18	DMG & Partners	Wilmar	3.15	3.51	Sum of parts
08/14/18	UOB Kay Hian	Wilmar	3.13	3.9	PER14.5x FY18
08/14/18	CIMB	Wilmar	3.13	4.1	Sum of parts
08/15/18	DBS Vickers	Wilmar	3.25	3.61	DCF
08/15/18	DMG & Partners	Wilmar	3.25	3.69	Sum of parts
09/13/18	DBS Vickers	Wilmar	3.15	3.61
10/08/18	UOB Kay Hian	Wilmar	3.19	3.9	PER13.7x FY19
10/11/18	DBS Vickers	Wilmar	3.14	3.59	DCF
11/12/18	DMG & Partners	Wilmar	3.15	3.69	Sum of parts
11/13/18	CIMB	Wilmar	3.18	4.1	Sum of parts
11/13/18	UOB Kay Hian	Wilmar	3.18	3.9	Sum of parts, PER13.7x FY19
11/15/18	DMG & Partners	Wilmar	3.19	3.59
11/16/18	OCBC	Wilmar	3.22	3.42	PER12.5x
11/16/18	DBS Vickers	Wilmar	3.22	3.59	DCF
11/16/18	DMG & Partners	Wilmar	3.22	3.69
11/28/18	Exotix Capital	Wilmar	3.16	2.29	PER10x
12/10/18	DMG & Partners	Wilmar	3.15	3.58	Sum of parts
01/02/19	DMG & Partners	Wilmar	3.16	3.58
01/03/19	UOB Kay Hian	Wilmar	3.13	3.9
02/20/19	OCBC	Wilmar	3.37	3.42
02/22/19	DMG & Partners	Wilmar	3.39	3.58
02/22/19	CIMB	Wilmar	3.39	3.96	Sum of parts
02/22/19	UOB Kay Hian	Wilmar	3.39	3.9
02/25/19	DMG & Partners	Wilmar	3.26	3.63	Sum of parts
02/25/19	DBS Vickers	Wilmar	3.26	3.6	DCF, PER15.4x FY19
03/12/19	CIMB	Wilmar	3.2	3.96	Sum of parts
03/12/19	DBS Vickers	Wilmar	3.2	3.6
03/13/19	DMG & Partners	Wilmar	3.24	3.63
03/20/19	UOB Kay Hian	Wilmar	3.3	3.9
04/08/19	UOB Kay Hian	Wilmar	3.48	3.9
04/09/19	OCBC	Wilmar	3.49	3.44	PB0.9x
04/09/19	CIMB	Wilmar	3.49	3.96

Venture - Stock calls

Date	Analyst	Company	Last	Target	Percent	Valuation
01/05/18	DBS Vickers	Venture	21.97	26	18.34
01/10/18	Kim Eng	Venture	21.57	27.5	27.49	PER18.8x FY18
01/15/18	UOB Kay Hian	Venture	22.65	23.5	3.75
01/19/18	Lim & Tan	Venture	23.15	0	-100.00
01/24/18	DMG & Partners	Venture	23.9	24.1	0.84
01/24/18	Credit Suisse	Venture	23.9	27.2	13.81
02/07/18	CIMB	Venture	22.48	24.74	10.05
02/08/18	CIMB	Venture	22.29	29.13	30.69
02/13/18	UOB Kay Hian	Venture	21.92	23.5	7.21
02/20/18	DMG & Partners	Venture	23.53	24.1	2.42
02/23/18	UOB Kay Hian	Venture	25.03	31.88	27.37	PER19x FY18
02/23/18	Citibank	Venture	25.03	31.74	26.81
03/01/18	OCBC	Venture	27.56	34	23.37
03/01/18	UOB Kay Hian	Venture	27.56	31.88	15.67	PER19x FY18
03/01/18	DMG & Partners	Venture	27.56	30.5	10.67	DCF, PER19x FY18
03/01/18	Kim Eng	Venture	27.56	31.2	13.21	PB3.7x FY18
03/01/18	CIMB	Venture	27.56	30.81	11.79	PER17.7x FY19
03/01/18	Lim & Tan	Venture	27.56	0	-100.00
03/01/18	DBS Vickers	Venture	27.56	32.2	16.84	PER19.5x FY18/19
03/05/18	Credit Suisse	Venture	26.84	32	19.23
04/03/18	DBS Vickers	Venture	28.14	32.2	14.43
04/06/18	CIMB	Venture	27.73	30.81	11.11	PER17.7x FY19
04/20/18	Lim & Tan	Venture	28.82	0	-100.00
04/23/18	UOB Kay Hian	Venture	25.29	30.6	21.00	PER19x FY18
04/26/18	UOB Kay Hian	Venture	22.57	25	10.77	PER16.1x FY18
04/26/18	Credit Suisse	Venture	22.57	24	6.34
04/26/18	OCBC	Venture	22.57	30	32.92	DCF
04/26/18	CIMB	Venture	22.57	25.64	13.60	PER15.4x
04/26/18	Lim & Tan	Venture	22.57	23.4	3.68	PER16x FY18
04/26/18	DMG & Partners	Venture	22.57	26	15.20	DCF, PER17.2x FY18
04/26/18	Kim Eng	Venture	22.57	28.83	27.74
04/26/18	DBS Vickers	Venture	22.57	27.2	20.51	PER17.5x FY18/19
05/08/18	Lim & Tan	Venture	20.65	0	-100.00
05/08/18	Citibank	Venture	20.65	31.74	53.70
05/25/18	CIMB	Venture	20.55	25.64	24.77
06/06/18	Kim Eng	Venture	21.63	28.83	33.29	PB3.4x
06/11/18	CIMB	Venture	21.13	25.64	21.34	PER15.4x
06/13/18	Lim & Tan	Venture	20.65	0	-100.00
07/03/18	UOB Kay Hian	Venture	17.66	25	41.56
07/05/18	UOB Kay Hian	Venture	17.5	18.2	4.00	PER14x FY18, Buy @ $14
07/12/18	CIMB	Venture	16.67	17.83	6.96	PER12.3x
07/19/18	Credit Suisse	Venture	16.89	14.5	-14.15	PER11x
08/06/18	UOB Kay Hian	Venture	16.85	18.2	8.01	PER14x FY18, Buy @ $16
08/06/18	DMG & Partners	Venture	16.85	22.2	31.75	PER15.5x FY18
08/06/18	OCBC	Venture	16.85	23.23	37.86	PER15x
08/06/18	CIMB	Venture	16.85	17.83	5.82	PER12.3x
08/06/18	Lim & Tan	Venture	16.85	0	-100.00
08/07/18	DBS Vickers	Venture	18.6	22.9	23.12	PER15.8x FY18/19
09/14/18	Lim & Tan	Venture	15.9	0	-100.00
10/02/18	UOB Kay Hian	Venture	18.52	18.2	-1.73	PER14x FY18, Buy @ $15.50
11/05/18	DMG & Partners	Venture	16.26	19	16.85	PER14x FY19
11/05/18	UOB Kay Hian	Venture	16.26	12.9	-20.66	PER11x FY19
11/05/18	OCBC	Venture	16.26	20.13	23.80	PER15x FY19
11/05/18	DBS Vickers	Venture	16.26	21.3	31.00	PER15.8x FY18/19
11/05/18	CIMB	Venture	16.26	17.44	7.26	PER12.3x FY20
11/05/18	Lim & Tan	Venture	16.26	0	-100.00
11/05/18	Kim Eng	Venture	16.26	22.23	36.72	PB2.5x FY19
11/26/18	CIMB	Venture	14.72	17.44	18.48	PER12.3x FY20
12/06/18	UOB Kay Hian	Venture	15.33	12.9	-15.85
12/14/18	DMG & Partners	Venture	14.89	19	27.60
01/02/19	DMG & Partners	Venture	13.85	19	37.18	PER14x FY19
01/07/19	UOB Kay Hian	Venture	13.71	12.9	-5.91
01/07/19	Lim & Tan	Venture	13.71	0	-100.00
01/08/19	Kim Eng	Venture	14.44	17.48	21.05	PB2x FY19, PER14.4x FY19
02/11/19	UOB Kay Hian	Venture	15.72	12.9	-17.94	PER11x FY19, Buy @ $12.40
02/12/19	CIMB	Venture	15.97	17.44	9.20	PER12.56x FY20
02/25/19	CIMB	Venture	16.12	17.88	10.92	PER12.56x FY20
02/25/19	Kim Eng	Venture	16.12	19.23	19.29	Roe-g/Coe-g, PB2.2x FY19
02/25/19	DMG & Partners	Venture	16.12	19	17.87
02/25/19	DBS Vickers	Venture	16.12	21.7	34.62	PER15.8x FY19
02/25/19	Lim & Tan	Venture	16.12	0	-100.00
02/25/19	OCBC	Venture	16.12	20.89	29.59	PER15x
03/19/19	DMG & Partners	Venture	18	19	5.56
03/29/19	DBS Vickers	Venture	17.8	21.7	21.91
04/03/19	Lim & Tan	Venture	18.6	0	-100.00

Stock calls for 11 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/11/19	CIMB	DBS	26.97	29	Add
04/11/19	CIMB	First Reit	0.99	1.2	Add	DDM
04/11/19	CIMB	OCBC	11.72	12	Hold
04/11/19	Lim & Tan	Sunningdale	1.39	0	Hold
04/11/19	CIMB	UOB	26.56	29	Add
04/11/19	DMG & Partners	Yoma	0.32	0.57	Add	Sum of parts (20% discount)

Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/13/18	CIMB	Valuetronics	0.92	1.1	Add	PER11x CY19
02/13/18	UOB Kay Hian	Valuetronics	0.92	0.95	Buy	PER11.3x FY19, Buy @ $0.86
02/15/18	DMG & Partners	Valuetronics	0.915	1.05	Buy	DCF, PER11x FY19
03/23/18	Kim Eng	Valuetronics	0.955	1.25	Buy	ROE-g/COE-g, PB2.8x FY19
04/27/18	Kim Eng	Valuetronics	0.74	1.25	Buy	ROE-g/COE-g, PB2.8x FY19
04/27/18	CIMB	Valuetronics	0.74	1.1	Add	PER11x CY19
04/30/18	DMG & Partners	Valuetronics	0.68	0.96	Buy	PER10x FY19
05/22/18	DMG & Partners	Valuetronics	0.845	0.96	Buy
05/28/18	Lim & Tan	Valuetronics	0.825	0	Hold
05/30/18	CIMB	Valuetronics	0.795	0.95	Add	PER10x CY19
05/30/18	UOB Kay Hian	Valuetronics	0.795	0.96	Buy	PER11.3x FY19
05/30/18	DMG & Partners	Valuetronics	0.795	0.92	Buy	PER9.5x FY19
05/30/18	Kim Eng	Valuetronics	0.795	1.15	Buy
06/27/18	DMG & Partners	Valuetronics	0.665	0.92	Buy
08/15/18	Kim Eng	Valuetronics	0.735	1.05	Buy
08/15/18	UOB Kay Hian	Valuetronics	0.735	0.96	Buy	PER11.3x FY19
08/15/18	DMG & Partners	Valuetronics	0.735	0.92	Buy	PER10x FY19
08/15/18	CIMB	Valuetronics	0.735	0.95	Add	PER10x CY19
09/03/18	UOB Kay Hian	Valuetronics	0.75	0.96	Buy	PER11.3x FY19
09/24/18	CIMB	Valuetronics	0.68	0.95	Add	PER10x CY19
09/24/18	Kim Eng	Valuetronics	0.68	1.05	Buy	ROE-g/COE-g, PB2.3x FY19
09/25/18	DMG & Partners	Valuetronics	0.685	0.92	Buy	DCF
10/03/18	UOB Kay Hian	Valuetronics	0.7	0.96	Buy
11/02/18	UOB Kay Hian	Valuetronics	0.635	0.96	Buy
11/13/18	Kim Eng	Valuetronics	0.68	0.96	Buy	ROE-g/COE-g, PB2.1x FY19
11/13/18	UOB Kay Hian	Valuetronics	0.68	0.87	Buy	PER10.9x FY19
11/13/18	DMG & Partners	Valuetronics	0.68	0.82	Buy	DCF, PER10x FY19
11/13/18	CIMB	Valuetronics	0.68	0.93	Add	PER10x CY19
12/04/18	UOB Kay Hian	Valuetronics	0.695	0.87	Buy
01/04/19	UOB Kay Hian	Valuetronics	0.66	0.87	Buy
01/07/19	DMG & Partners	Valuetronics	0.675	0.82	Buy
01/08/19	Kim Eng	Valuetronics	0.69	0.9	Buy	PB1.9x FY19
02/14/19	Kim Eng	Valuetronics	0.74	1.05	Buy	ROE-g/COE-g, PB2.1x FY20
02/14/19	DMG & Partners	Valuetronics	0.74	0.78	Neutral	DCF
02/14/19	CIMB	Valuetronics	0.74	0.73	Hold	PER8.5x CY19
02/15/19	UOB Kay Hian	Valuetronics	0.71	0.87	Buy
03/19/19	DMG & Partners	Valuetronics	0.69	0.78	Neutral
03/21/19	Kim Eng	Valuetronics	0.685	1.05	Buy	PB2.1x FY20
04/09/19	Kim Eng	Valuetronics	0.7	1.05	Buy

Valuemax - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/18	Amfrasers	Valuemax	0.295	0.39	Buy

UOL - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/18	Deutsche	UOL	9.08	10	Buy
01/16/18	CIMB	UOL	9.34	9.62	Add
01/16/18	Kim Eng	UOL	9.34	9.85	Buy	RNAV (15% discount), PB0.85x
01/16/18	Credit Suisse	UOL	9.34	10.8	Outperform
02/07/18	OCBC	UOL	8.71	9.7	Buy
02/07/18	CIMB	UOL	8.71	9.62	Add
02/19/18	DBS Vickers	UOL	8.34	10.15	Buy
02/28/18	Kim Eng	UOL	8.52	10.4	Buy	RNAV (10% discount)
02/28/18	OCBC	UOL	8.52	10.63	Buy	RNAV
02/28/18	CIMB	UOL	8.52	9.67	Add	RNAV (20% discount)
02/28/18	Credit Suisse	UOL	8.52	10.8	Outperform
03/06/18	DBS Vickers	UOL	8.38	10.23	Buy	RNAV (15% discount)
03/12/18	OCBC	UOL	8.75	10.63	Buy
03/16/18	CIMB	UOL	8.79	9.67	Add
03/20/18	Kim Eng	UOL	8.69	10.4	Buy
04/02/18	CIMB	UOL	8.55	9.67	Add	RNAV (20% discount)
04/03/18	OCBC	UOL	8.64	10.63	Buy
04/03/18	DBS Vickers	UOL	8.64	10.23	Buy
04/11/18	Kim Eng	UOL	8.64	10.4	Buy	RNAV (10% discount)
04/13/18	Deutsche	UOL	8.64	10	Buy
05/14/18	OCBC	UOL	8.72	10.63	Buy
05/14/18	CIMB	UOL	8.72	9.65	Add	RNAV (20% discount)
05/14/18	Lim & Tan	UOL	8.72	0	Buy
05/15/18	DBS Vickers	UOL	8.61	10.23	Buy
06/13/18	DBS Vickers	UOL	8	10.23	Buy
06/13/18	CIMB	UOL	8	9.65	Add	RNAV (20% discount)
06/20/18	Kim Eng	UOL	7.5	10.85	Buy
06/26/18	OCBC	UOL	7.45	10.63	Buy
07/06/18	CIMB	UOL	7.75	9.65	Add
07/06/18	Kim Eng	UOL	7.75	10.85	Buy
07/06/18	Deutsche	UOL	7.75	8.3	Hold
07/09/18	OCBC	UOL	6.7	8.48	Buy	RNAV (35% discount)
07/09/18	DBS Vickers	UOL	6.7	7.82	Buy	RNAV (35% discount)
07/09/18	Kim Eng	UOL	6.7	8.95	Buy
07/17/18	Lim & Tan	UOL	6.79	0	Buy
08/06/18	Kim Eng	UOL	7	8.8	Buy	RNAV (35% discount)
08/06/18	OCBC	UOL	7	8.48	Buy
08/06/18	CIMB	UOL	7	8.45	Add	RNAV (30% discount)
08/07/18	DBS Vickers	UOL	7.03	7.82	Hold	RNAV (35% discount)
09/06/18	Kim Eng	UOL	6.76	8.8	Buy
09/14/18	OCBC	UOL	6.85	8.48	Buy
09/18/18	CIMB	UOL	6.88	8.45	Add
09/25/18	Deutsche	UOL	6.95	8.3	Hold
10/02/18	CIMB	UOL	6.88	8.45	Add
11/05/18	DBS Vickers	UOL	6.32	7.82	Hold
11/14/18	CIMB	UOL	6.18	8.45	Add	RNAV (30% discount)
11/14/18	OCBC	UOL	6.18	8.41	Buy	RNAV (35% discount)
11/14/18	Lim & Tan	UOL	6.18	0	Buy
12/05/18	OCBC	UOL	6.3	8.41	Buy
12/07/18	Lim & Tan	UOL	6.23	0	Buy
12/11/18	DBS Vickers	UOL	6.15	7.15	Hold	RNAV (40% discount)
01/03/19	OCBC	UOL	6.07	8.41	Buy
01/04/19	Lim & Tan	UOL	6	0	Buy
01/17/19	DBS Vickers	UOL	6.65	7.15	Hold
02/12/19	Lim & Tan	UOL	6.57	0	Buy
02/27/19	CIMB	UOL	6.77	8.45	Add	RNAV
02/27/19	OCBC	UOL	6.77	8.45	Buy	RNAV
02/27/19	Lim & Tan	UOL	6.77	0	Buy
02/28/19	DBS Vickers	UOL	6.75	7.15	Hold	RNAV (40% discount)
03/18/19	OCBC	UOL	6.45	8.45	Buy	RNAV
03/28/19	CIMB	UOL	6.78	8.45	Add
04/02/19	OCBC	UOL	7.11	8.45	Buy	RNAV

Stock calls for 10 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/10/19	DMG & Partners	DBS	27	29.6	Buy	PB1.43x FY20
04/10/19	OCBC	ESR-Reit	0.54	0.55	Hold
04/10/19	DBS Vickers	Frasers Property	1.84	2.3	Buy	RNAV (35% discount)
04/10/19	CIMB	OUE Commercial	0.51	0.57	Hold
04/10/19	CIMB	OUE Hospitality	0.725	0.85	Add
04/10/19	Lim & Tan	SPH	2.53	0	Hold
04/10/19	CIMB	SPH	2.53	2.64	Hold

China imposes another anti-dumping measure against SG again.

https://sg.finance.yahoo.com/news/china-launch-anti-dumping-probe-010949972.html

Poor SG! We get hit with another anti-dumping measure by China.

Previous anti-dumping measures imposed on SG:

http://sg-stock.blogspot.com/2018/04/singapore-gets-hit-again-with-another.html

http://sg-stock.blogspot.com/2017/08/omg-singapore-is-part-of-chinas-anti.html

http://sg-stock.blogspot.com/2018/02/china-imposes-anti-dumping-measure-on.html

UOB Kay Hian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/09/18	Lim & Tan	UOB Kay Hian	1.23	0	Buy

UOB - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/18	DBS Vickers	UOB	27.02	29.5	Buy	GGM, PB1.4x FY18
01/08/18	DMG & Partners	UOB	26.91	28.88	Buy
01/08/18	JP Morgan	UOB	26.91	33	Overweight	Up from $28
01/09/18	Deutsche	UOB	27.25	30.6	Buy
01/10/18	phillip	UOB	27.8	25.22	Accumulate
01/26/18	OCBC	UOB	27.98	30.1	Buy	PB1.3x FY18
02/07/18	OCBC	UOB	26.62	30.1	Buy
02/08/18	Macquarie	UOB	26.4	27.5	Neutral
02/12/18	phillip	UOB	26.24	25.22	Accumulate
02/15/18	CIMB	UOB	26.24	28	Add	GGM, PB1.3x FY18, PER11.3x FY19
02/15/18	DMG & Partners	UOB	26.24	30	Buy	GGM, PB1.35x FY18
02/15/18	Kim Eng	UOB	26.24	29.33	Buy	PB1.3x FY18
02/15/18	Credit Suisse	UOB	26.24	31.7	Outperform	GGM
02/15/18	Jefferies	UOB	26.24	29.5	Buy
02/15/18	DBS Vickers	UOB	26.24	30	Buy	GGM, PB1.3x FY18
02/21/18	phillip	UOB	27.22	29	Buy	GGM, PB1.35x
02/22/18	UBS	UOB	27.6	27.5	Neutral
02/22/18	Jefferies	UOB	27.6	33	Buy
03/05/18	OCBC	UOB	27.75	30.86	Buy	PB1.3x FY18
03/20/18	Kim Eng	UOB	28.1	31.08	Buy	GGM, PB1.4x FY18
03/22/18	Lim & Tan	UOB	28.58	0	Buy
04/04/18	DMG & Partners	UOB	26.96	30	Buy
04/20/18	CIMB	UOB	29.78	33	Add	GGM, PB1.5x FY18
04/27/18	DBS Vickers	UOB	29.39	33.2	Buy	GGM, PB1.5x FY18
05/03/18	Jefferies	UOB	29.99	34	Buy
05/03/18	DMG & Partners	UOB	29.99	33.3	Buy	GGM, PB1.51x FY18
05/04/18	phillip	UOB	29.58	31.7	Accumulate	GGM, PB1.5x FY18
05/04/18	CIMB	UOB	29.58	33	Add	GGM, PB1.5x FY18
05/04/18	Kim Eng	UOB	29.58	32.88	Buy	GGM, PB1.5x FY18
05/04/18	DBS Vickers	UOB	29.58	33.2	Buy	GGM, PB1.5x FY18
05/09/18	Macquarie	UOB	29.34	30.5	Outperform
06/04/18	phillip	UOB	28.1	31.7	Accumulate
06/13/18	OCBC	UOB	27.86	31.02	Buy
06/28/18	DBS Vickers	UOB	26.36	33.2	Buy
07/02/18	phillip	UOB	26.76	31.7	Accumulate
07/06/18	DBS Vickers	UOB	27.09	28.3	Hold	GGM, PB1.3x FY18
07/16/18	DMG & Partners	UOB	26.55	33.3	Buy	GGM, PB1.43x FY19
08/01/18	phillip	UOB	27.02	31.7	Accumulate
08/03/18	Macquarie	UOB	26.7	32	Outperform
08/03/18	Lim & Tan	UOB	26.7	0	Buy
08/03/18	DMG & Partners	UOB	26.7	33.3	Buy	GGM, PB1.42x FY19
08/06/18	OCBC	UOB	26.59	32.09	Buy
08/06/18	CIMB	UOB	26.59	31	Add	GGM, PB1.4x FY18
08/06/18	DBS Vickers	UOB	26.59	31.7	Buy	GGM, PB1.4x FY19
08/06/18	JP Morgan	UOB	26.59	32	Overweight
08/07/18	phillip	UOB	27.13	34.5	Buy	GGM, PB1.6x FY18
09/26/18	phillip	UOB	27.01	33.69	Buy	GGM, PB1.6x FY18
10/01/18	DMG & Partners	UOB	27.08	33.3	Buy	GGM, PB1.45x FY19
10/02/18	phillip	UOB	27.05	33.69	Buy
10/11/18	Jefferies	UOB	25.88	34	Buy
10/19/18	DBS Vickers	UOB	25.48	31.7	Buy
10/26/18	Lim & Tan	UOB	24.95	0	Buy
10/26/18	OCBC	UOB	24.95	32.09	Buy
10/26/18	Jefferies	UOB	24.95	32	Buy
10/29/18	phillip	UOB	24.07	32.52	Buy	GGM, PB1.4x FY19
10/29/18	DBS Vickers	UOB	24.07	29.5	Buy	GGM, PB1.3x FY19
10/29/18	DMG & Partners	UOB	24.07	30.8	Buy	GGM, PB1.41x FY19
10/29/18	CIMB	UOB	24.07	31	Add
10/29/18	OCBC	UOB	24.07	28.8	Buy
10/29/18	Jefferies	UOB	24.07	32	Buy
10/31/18	Macquarie	UOB	24	30.5	Outperform
11/01/18	phillip	UOB	24.38	32.52	Buy
11/13/18	DBS Vickers	UOB	24.49	29.5	Buy
11/13/18	JP Morgan	UOB	24.49	29	Overweight
11/20/18	DMG & Partners	UOB	24.25	30.8	Buy
12/04/18	DBS Vickers	UOB	25.98	29.5	Buy	GGM, PB1.3x FY19
12/14/18	DMG & Partners	UOB	24.89	30.8	Buy
01/02/19	DMG & Partners	UOB	24.57	30.8	Buy	GGM, PB1.41x FY19
01/03/18	CIMB	UOB	24.31	31	Add	PER11.4x FY20
01/03/18	JP Morgan	UOB	24.31	30	Overweight
01/04/19	phillip	UOB	23.99	32.52	Buy
01/04/19	Jefferies	UOB	23.99	31	Buy
01/29/19	DMG & Partners	UOB	25.83	29.8	Buy	GGM, PB1.37x FY19
01/29/19	CIMB	UOB	25.83	32	Add	GGM, PB1.4x CY19
01/31/19	Kim Eng	UOB	25.3	30.5	Buy	DDM
02/01/19	phillip	UOB	25.19	32.52	Buy
02/12/19	Kim Eng	UOB	25.34	30.5	Buy
02/22/19	DMG & Partners	UOB	25.98	29.8	Buy	PB1.35x FY19
02/25/19	Jefferies	UOB	25.58	30	Buy	PER12.3x FY19
02/25/19	OCBC	UOB	25.58	28.3	Buy	PB1.2x FY19
02/25/19	DBS Vickers	UOB	25.58	29.2	Buy	GGM, PB1.2x
02/25/19	phillip	UOB	25.58	32.51	Buy	GGM, PB1.4x FY19
02/25/19	Kim Eng	UOB	25.58	29.71	Buy	DDM
02/25/19	CIMB	UOB	25.58	29	Add	GGM, PB1.3x FY19
02/26/19	Macquarie	UOB	25.39	30.5	Outperform	PB
03/04/19	phillip	UOB	25	32.5	Buy
03/07/19	Kim Eng	UOB	25.1	29.71	Buy
03/11/19	CIMB	UOB	24.91	29	Add
03/13/19	DMG & Partners	UOB	25.04	29.8	Buy
03/26/19	OCBC	UOB	24.95	28.3	Buy
04/02/19	phillip	UOB	25.42	32.5	Buy
04/02/19	DBS Vickers	UOB	25.42	29.2	Buy