Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/21	Lim & Tan	Raffles Medical	0.985	0	Hold
02/23/21	Kim Eng	Raffles Medical	1.02	1.1	Buy	DCF
02/23/21	UOB Kay Hian	Raffles Medical	1.02	1.12	Buy
02/24/21	OCBC	Raffles Medical	1.04	1.15	Buy	DCF, PER30.7x FY21
02/26/21	phillip	Raffles Medical	1.07	1.18	Accumulate	DCF
04/07/21	DMG & Partners	Raffles Medical	1.17	1.29	Buy
05/10/21	DMG & Partners	Raffles Medical	1.13	1.29	Buy	PER43.5x
05/31/21	CIMB	Raffles Medical	1.08	1.22	Add	Sum of parts
06/07/21	DBS Vickers	Raffles Medical	1.13	1.4	Buy	Sum of parts
06/11/21	UOB Kay Hian	Raffles Medical	1.14	1.27	Buy	DCF
07/09/21	DMG & Partners	Raffles Medical	1.17	1.35	Buy
07/13/21	CIMB	Raffles Medical	1.22	1.4	Add	Sum of parts
07/23/21	DBS Vickers	Raffles Medical	1.32	1.48	Buy	Sum of parts
07/27/21	UOB Kay Hian	Raffles Medical	1.32	1.43	Buy	DCF
07/27/21	CIMB	Raffles Medical	1.32	1.44	Hold
07/27/21	DMG & Partners	Raffles Medical	1.32	1.45	Buy	PER38x FY22
07/29/21	Kim Eng	Raffles Medical	1.34	1.58	Buy	DCF
07/29/21	phillip	Raffles Medical	1.34	1.35	Neutral	DCF
09/21/21	DMG & Partners	Raffles Medical	1.39	1.45	Buy
10/11/21	DMG & Partners	Raffles Medical	1.48	1.65	Buy	PER39x FY22
10/14/21	DBS Vickers	Raffles Medical	1.53	1.81	Buy	Sum of parts
10/14/21	Kim Eng	Raffles Medical	1.53	1.68	Buy	DCF
11/04/21	DMG & Partners	Raffles Medical	1.37	1.65	Buy	DCF
11/19/21	OCBC	Raffles Medical	1.39	1.65	Buy
12/13/21	UOB Kay Hian	Raffles Medical	1.33	1.66	Buy
02/22/22	UOB Kay Hian	Raffles Medical	1.3	1.31	Hold	DCF
02/22/22	DBS Vickers	Raffles Medical	1.3	1.63	Buy	PER40x FY22
02/22/22	Kim Eng	Raffles Medical	1.3	1.5	Buy	DCF
02/23/22	DMG & Partners	Raffles Medical	1.23	1.55	Buy	PER40x FY22
02/23/22	OCBC	Raffles Medical	1.23	1.65	Buy
02/23/22	phillip	Raffles Medical	1.23	1.27	Neutral	DCF
02/24/22	CIMB	Raffles Medical	1.21	1.33	Hold
03/03/22	Lim & Tan	Raffles Medical	1.16	1.42	Accumulate
03/30/22	UOB Kay Hian	Raffles Medical	1.17	1.34	Hold

Q&M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/08/21	phillip	Q&M	0.485	0.7	Buy	PER20x FY21 + assoc cap
03/10/21	CIMB	Q&M	0.645	0.92	Add	PER20x FY22
03/30/21	Kim Eng	Q&M	0.605	0.87	Buy	PER22x FY21
04/30/21	DBS Vickers	Q&M	0.62	0.81	Buy	Sum of parts
05/12/21	CIMB	Q&M	0.61	0.97	Add
05/12/21	Lim & Tan	Q&M	0.61	0	Buy
05/18/21	Kim Eng	Q&M	0.655	0.87	Buy
05/19/21	phillip	Q&M	0.67	1	Buy	PER25x FY21
05/20/21	DBS Vickers	Q&M	0.685	0.84	Buy	Sum of parts
06/09/21	Lim & Tan	Q&M	0.67	0.88	Buy
06/11/21	Amfrasers	Q&M	0.675	0.91	Outperform
06/29/21	UOB Kay Hian	Q&M	0.76	0.94	Buy	PER20x FY22
07/06/21	phillip	Q&M	0.83	1	Buy
07/27/21	DBS Vickers	Q&M	0.805	1	Buy	Sum of parts
08/16/21	CIMB	Q&M	0.855	0.97	Add
08/17/21	DBS Vickers	Q&M	0.815	1	Buy	Sum of parts
08/18/21	Kim Eng	Q&M	0.805	1.03	Buy	PER22x FY22
08/19/21	Lim & Tan	Q&M	0.81	1	Buy
08/23/21	phillip	Q&M	0.775	0.98	Buy	PER25x FY22
09/15/21	Kim Eng	Q&M	0.57	0.85	Buy	PER22x FY22
09/16/21	CIMB	Q&M	0.58	0.89	Add	PER22x FY22
10/05/21	Lim & Tan	Q&M	0.565	0.85	Buy
10/11/21	CIMB	Q&M	0.61	0.89	Add
10/14/21	Kim Eng	Q&M	0.575	0.85	Buy
11/11/21	DBS Vickers	Q&M	0.56	1	Buy
11/12/21	CIMB	Q&M	0.575	0.835	Add
11/18/21	Kim Eng	Q&M	0.595	0.78	Buy	PER22x FY22
11/19/21	phillip	Q&M	0.595	0.82	Buy	PER25x FY22
11/26/21	DBS Vickers	Q&M	0.605	0.8	Buy	Sum of parts
12/01/21	UOB Kay Hian	Q&M	0.65	0.78	Buy
12/08/21	Lim & Tan	Q&M	0.62	0	Buy
01/07/22	phillip	Q&M	0.615	0.82	Buy
01/17/22	Lim & Tan	Q&M	0.61	0.8	Buy
01/24/22	UOB Kay Hian	Q&M	0.605	0.78	Buy
02/11/22	CIMB	Q&M	0.565	0.785	Add	PER22x FY23
02/23/22	DBS Vickers	Q&M	0.57	0.8	Buy
02/25/22	DBS Vickers	Q&M	0.53	0.72	Buy
04/14/22	Lim & Tan	Q&M	0.525	0.74	Accumulate