Stock calls for 12 May 2022

Date	Analyst	Company	Last	Target	Call	Valuation
05/12/22	DBS Vickers	BHG Retail	0.55	0.58	Hold
05/12/22	CIMB	BRC Asia	1.65	2.5	Add
05/12/22	DBS Vickers	Capitaland Investment	3.88	4	Buy
05/12/22	DBS Vickers	Cromwell EUR	2.17	2.8	Buy
05/12/22	DBS Vickers	Daiwa House	0.805	0.95	Buy
05/12/22	DBS Vickers	Kimly	0.39	0.5	Buy
05/12/22	DBS Vickers	Prime US Reit	0.725	1	Buy
05/12/22	Lim & Tan	Propnex	1.73	1.9	Hold
05/12/22	UOB Kay Hian	Propnex	1.73	2.07	Buy	PER7.5x
05/12/22	DBS Vickers	Q&M	0.495	0.72	Buy
05/12/22	CIMB	Q&M	0.495	0.73	Add
05/12/22	Lim & Tan	Q&M	0.495	0.72	Hold
05/12/22	UOB Kay Hian	Riverstone	0.755	0.8	Hold	PER9.2x FY22
05/12/22	DBS Vickers	Riverstone	0.755	0.82	Hold	PER8.5x FY22/23
05/12/22	CIMB	Riverstone	0.755	1.1	Add
05/12/22	Kim Eng	UMS	1.22	1.5	Buy

Tianjin Zhongxin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/17/21	Lim & Tan	Tianjin Zhongxin	1.28	1.6	Buy	PER10x FY21
08/17/21	Lim & Tan	Tianjin Zhongxin	1.12	1.6	Accumulate
03/31/22	Lim & Tan	Tianjin Zhongxin	1.08	1.6	Buy

Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/28/21	UOB Kay Hian	Thai Beverage	0.685	0.92	Buy	Sum of parts
07/06/21	Kim Eng	Thai Beverage	0.68	0.99	Buy
07/12/21	UOB Kay Hian	Thai Beverage	0.665	0.92	Buy	Sum of parts
08/16/21	UOB Kay Hian	Thai Beverage	0.665	0.92	Buy	Sum of parts
08/17/21	CIMB	Thai Beverage	0.685	0.84	Add
08/17/21	DBS Vickers	Thai Beverage	0.685	0.92	Buy
08/17/21	Kim Eng	Thai Beverage	0.685	0.99	Buy
08/19/21	OCBC	Thai Beverage	0.68	0.91	Buy
08/22/21	CIMB	Thai Beverage	0.65	0.84	Add
08/23/21	Phillip	Thai Beverage	0.67	0.86	Buy	PER18x FY21
08/27/21	DMG & Partners	Thai Beverage	0.69	0.94	Buy
09/23/21	CIMB	Thai Beverage	0.645	0.84	Add	PER19x CY22
10/22/21	UOB Kay Hian	Thai Beverage	0.705	0.92	Buy	Sum of parts
10/27/21	CIMB	Thai Beverage	0.715	0.84	Add
11/29/21	DBS Vickers	Thai Beverage	0.695	0.92	Buy
11/29/21	Lim & Tan	Thai Beverage	0.695	0	Accumulate on weakness
11/29/21	Phillip	Thai Beverage	0.695	0.765	Accumulate	PER18x FY22
11/29/21	UOB Kay Hian	Thai Beverage	0.695	0.92	Buy	Sum of parts
12/01/21	OCBC	Thai Beverage	0.67	0.88	Buy
12/13/21	UOB Kay Hian	Thai Beverage	0.665	0.92	Buy
12/17/21	Macquarie	Thai Beverage	0.665	0.86	Outperform	Sum of parts
01/12/22	Kim Eng	Thai Beverage	0.66	0.99	Buy
02/04/22	UOB Kay Hian	Thai Beverage	0.655	0.85	Buy	Sum of parts
02/15/22	CIMB	Thai Beverage	0.66	0.91	Add	Sum of parts
02/15/22	DBS Vickers	Thai Beverage	0.66	0.92	Buy
02/15/22	UOB Kay Hian	Thai Beverage	0.66	0.9	Buy	Sum of parts
02/21/22	Phillip	Thai Beverage	0.71	0.765	Buy	PER18x FY22
04/01/22	UOB Kay Hian	Thai Beverage	0.715	0.9	Buy	Sum of parts
05/05/22	DBS Vickers	Thai Beverage	0.675	0.92	Buy