SIA Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/12/20	UOB Kay Hian	SIA Engineering	1.82	1.57	Sell	DDM
06/08/20	DBS Vickers	SIA Engineering	2.22	2.3	Hold	Sum of parts (15% premium)
07/20/20	CIMB	SIA Engineering	1.96	1.78	Hold
07/20/20	DBS Vickers	SIA Engineering	1.96	2.1	Hold	Sum of parts (15% premium)
07/21/20	OCBC	SIA Engineering	1.97	1.8	Sell
08/18/20	DBS Vickers	SIA Engineering	1.86	2.4	Buy	Sum of parts
09/07/20	DBS Vickers	SIA Engineering	1.85	2.4	Buy
09/07/20	OCBC	SIA Engineering	1.85	1.75	Hold
09/15/20	UOB Kay Hian	SIA Engineering	1.82	1.57	Sell
10/12/20	UOB Kay Hian	SIA Engineering	1.75	1.89	Hold	FCFE
10/29/20	Lim & Tan	SIA Engineering	1.68	0	Avoid
11/05/20	DBS Vickers	SIA Engineering	1.66	1.6	Hold	Sum of parts (20% premium)
11/05/20	UOB Kay Hian	SIA Engineering	1.66	1.52	Sell	DCF
11/09/20	OCBC	SIA Engineering	1.61	1.66	Hold
02/01/21	UOB Kay Hian	SIA Engineering	1.9	1.64	Sell
02/01/21	DBS Vickers	SIA Engineering	1.9	1.8	Hold	Sum of parts
04/09/21	CIMB	SIA Engineering	2.2	2.85	Add	PB2x
05/06/21	UOB Kay Hian	SIA Engineering	2.2	2	Sell	DCF

SIA - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/06/20	CIMB	SIA	5.91	4.45	Hold	PB0.84x, Ex-rights
05/15/20	Citi Research	SIA	3.81	4	Sell
05/15/20	CIMB	SIA	3.81	4.6	Add	PB0.84x
05/18/20	UOB Kay Hian	SIA	3.9	4.34	Buy	PB0.9x
06/03/20	Lim & Tan	SIA	4.11	0	Take Profit
06/18/20	UOB Kay Hian	SIA	4.13	3.8	Sell	PB0.8x
07/16/20	Lim & Tan	SIA	3.77	0	Sell
07/30/20	DBS Vickers	SIA	3.53	3.75	Hold	PB0.8x FY21/22
07/30/20	CIMB	SIA	3.53	3.55	Hold	PB0.84x FY22
08/03/20	UOB Kay Hian	SIA	3.42	3.64	Hold	Buy @ $3.20
08/04/20	OCBC	SIA	3.31	3.5	Hold
09/15/20	UOB Kay Hian	SIA	3.51	3.64	Hold
10/08/20	UOB Kay Hian	SIA	3.56	3.53	Hold
10/16/20	DBS Vickers	SIA	3.49	3.75	Hold
10/22/20	UOB Kay Hian	SIA	3.51	3.94	Buy	PB0.9x FY21
11/09/20	CIMB	SIA	3.48	3.46	Hold	PB0.75x FY23
11/10/20	UOB Kay Hian	SIA	3.43	3.75	Buy
11/13/20	DBS Vickers	SIA	3.94	3.6	Hold	PB0.9x FY22
11/16/20	CIMB	SIA	3.83	4.57	Add	PB0.94x FY22
12/04/20	UOB Kay Hian	SIA	4.39	3.8	Sell	PB0.9x FY22
12/07/20	CIMB	SIA	4.42	4.91	Hold	PB0.94x FY22
12/15/20	DBS Vickers	SIA	4.42	3.6	Fully Valued	PB0.9x FY22
01/14/21	UOB Kay Hian	SIA	4.35	3.8	Sell	PB0.9x FY22
01/15/21	OCBC	SIA	4.35	3.7	Sell
02/05/21	CIMB	SIA	4.17	4.89	Add	PB0.94x FY22
02/05/21	Lim & Tan	SIA	4.17	0	Avoid
02/08/21	UOB Kay Hian	SIA	4.17	4	Hold	Buy @ $3.80
02/08/21	OCBC	SIA	4.17	4.8	Buy
02/10/21	CIMB	SIA	4.39	4.9	Add	PB0.94x
02/10/21	UOB Kay Hian	SIA	4.39	4.43	Hold	Buy @ $4
03/16/21	DBS Vickers	SIA	5.63	3.6	Fully Valued
03/19/21	CIMB	SIA	5.69	6	Hold	PB1.06x FY22
04/14/21	UOB Kay Hian	SIA	5.53	4.4	Sell	PB1x FY22/23
04/16/21	DBS Vickers	SIA	5.34	3.6	Fully Valued	PB0.9x FY22