Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/03/23	CIMB	Japfa	0.22	0.2	Reduce
11/02/23	CIMB	Japfa	0.21	0.28	Add	PB0.5x FY24
03/05/24	CIMB	Japfa	0.21	0.26	Add
05/06/24	CIMB	Japfa	0.32	0.37	Add	PB
06/07/24	CIMB	Japfa	0.32	0.37	Add	PB
07/29/24	DBS Vickers	Japfa	0.33	0.45	Buy	PER6.5x FY25
08/02/24	CIMB	Japfa	0.335	0.43	Add	PB
08/20/24	DBS Vickers	Japfa	0.335	0.45	Buy	PER6.5x FY25
08/23/24	DBS Vickers	Japfa	0.345	0.49	Buy	PER6.5x FY25
11/04/24	DBS Vickers	Japfa	0.39	0.56	Buy

Japan Foods - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/29/23	DMG & Partners	Japan Foods	0.435	0.65	Buy
06/27/23	DMG & Partners	Japan Foods	0.43	0.65	Buy	Sum of parts
09/05/23	DMG & Partners	Japan Foods	0.395	0.45	Buy
12/08/23	DMG & Partners	Japan Foods	0.31	0.3	Neutral
01/22/24	DMG & Partners	Japan Foods	0.325	0.3	Neutral
02/22/24	DMG & Partners	Japan Foods	0.295	0.29	Neutral	Sum of parts
04/25/24	DMG & Partners	Japan Foods	0.265	0.29	Neutral
05/29/24	DMG & Partners	Japan Foods	0.26	0.26	Neutral	Sum of parts

Stock calls for 7 January 2025

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/25	DBS Vickers	APAC Realty	0.385	0.5	Buy	PER13x
01/07/25	DBS Vickers	Propnex	0.945	1.15	Buy	PER15x FY25
01/07/25	DMG & Partners	Singtel	3.08	3.6	Buy
01/07/25	DMG & Partners	Starhub	1.23	1.18	Neutral	DCF
01/07/25	DBS Vickers	Thai Beverage	0.565	0.77	Buy	PER16x FY25
01/07/25	Lim & Tan	United Hampshire	0.475	0.64	Buy