Fortress Minerals - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
10/15/21	Phillip	Fortress Minerals	0.465	0.51	Accumulate
01/19/22	Phillip	Fortress Minerals	0.44	0.5	Accumulate	PER10x FY22
03/07/22	Amfrasers	Fortress Minerals	0.505	0.6	Buy

Food Empire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
09/27/21	Lim & Tan	Food Empire	0.76	1.26	Accumulate
10/05/21	DMG & Partners	Food Empire	0.77	1.23	Buy	PER15x FY22
11/10/21	Lim & Tan	Food Empire	0.81	1.26	Accumulate
11/15/21	UOB Kay Hian	Food Empire	0.79	1.3	Buy	PER16.6x FY22
01/10/22	DMG & Partners	Food Empire	0.765	1.01	Buy
02/28/22	DMG & Partners	Food Empire	0.58	0.93	Buy

First Sponsor - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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)
09/21/21	Phillip	First Sponsor	1.36	1.65	Buy	RNAV (30% discount)
02/25/22	Phillip	First Sponsor	1.35	1.39	Hold	Sum of parts

Stock calls for 16 March 2022

Date	Analyst	Company	Last	Target	Call	Valuation
03/16/22	Soochow	Cordlife	0.37	0.47	Buy
03/16/22	UOB Kay Hian	First Resources	2.1	2.1	Buy
03/16/22	Lim & Tan	Sembcorp Marine	0.086	0.091	Buy
03/16/22	Kim Eng	Singtel	2.53	2.98	Buy	Sum of parts
03/16/22	Lim & Tan	ST Engineering	4.02	4.43	Buy
03/16/22	UOB Kay Hian	Trans-China Auto	0.235	0.31	Buy	PER6x FY22

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
02/08/22	Phillip	First Ship Lease Trust	0.075	0.04	Sell