Prime US Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/13/20	Kim Eng	Prime US Reit	1.02	1.1	Buy	DDM
03/06/20	DBS Vickers	Prime US Reit	0.995	1.05	Buy	DCF
06/24/20	DBS Vickers	Prime US Reit	0.805	1	Buy
07/20/20	phillip	Prime US Reit	0.765	0.88	Buy	DDM
08/11/20	phillip	Prime US Reit	0.815	0.94	Buy	DDM
09/14/20	phillip	Prime US Reit	0.8	0.94	Buy
10/19/20	phillip	Prime US Reit	0.835	0.94	Buy
11/09/20	phillip	Prime US Reit	0.755	0.94	Buy	DDM
11/09/20	Kim Eng	Prime US Reit	0.755	1.1	Buy	DDM
12/03/20	DMG & Partners	Prime US Reit	0.765	1	Buy	DDM
01/18/21	phillip	Prime US Reit	0.83	0.94	Buy

Stock calls for 9 February 2021

Date	Analyst	Company	Last	Target	Call	Valuation
02/09/21	UOB Kay Hian	Food Empire	0.955	1.3	Buy
02/09/21	CIMB	Frasers Property	1.21	1.7	Add
02/09/21	UOB Kay Hian	GHY	0.715	1.08	Buy
02/09/21	DBS Vickers	Hutchison Port	0.225	0.32	Buy	DCF
02/09/21	UOB Kay Hian	Ifast Corp	6.21	5.12	Sell
02/09/21	CIMB	Ifast Corp	6.21	5.67	Hold	PER40x FY22
02/09/21	DBS Vickers	Ifast Corp	6.21	7.64	Buy	DDM
02/09/21	UOB Kay Hian	Innotek	0.74	0.82	Buy
02/09/21	DBS Vickers	Manulife US Reit	0.71	0.9	Buy	DCF
02/09/21	Kim Eng	Manulife US Reit	0.71	1.1	Buy	DDM
02/09/21	DMG & Partners	Manulife US Reit	0.71	0.87	Buy
02/09/21	CIMB	Manulife US Reit	0.71	1	Add
02/09/21	OCBC	Manulife US Reit	0.71	0.83	Buy
02/09/21	UOB Kay Hian	Parkway Life	4.04	4.38	Buy	DDM
02/09/21	DBS Vickers	Yangzijiang	0.975	1.4	Buy
02/09/21	UOB Kay Hian	Yangzijiang	0.975	1.17	Buy
02/09/21	CIMB	Yangzijiang	0.975	1.37	Add	Sum of parts
02/09/21	Lim & Tan	Yangzijiang	0.975	0	Accumulate

Perennial Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/20	DBS Vickers	Perennial Reit	0.52	0.83	Buy	RNAV (55% discount)
05/08/20	DBS Vickers	Perennial Reit	0.5	0.83	Buy
06/16/20	CIMB	Perennial Reit	0.94	0.994	Accept offer	Offer $0.95

Penguin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/26/20	CIMB	Penguin	0.71	0.82	Add	PB1x FY20
02/26/20	UOB Kay Hian	Penguin	0.71	0.85	Buy
02/27/20	phillip	Penguin	0.675	0.88	Buy	PER5x FY20 (ex-cash)
04/15/20	Lim & Tan	Penguin	0.495	0.7	Buy	PB1x
06/01/20	Lim & Tan	Penguin	0.5	0	Buy
06/03/20	phillip	Penguin	0.525	0.55	Accumulate	PB0.7x FY20
06/10/20	UOB Kay Hian	Penguin	0.52	0.6	Buy
06/18/20	CIMB	Penguin	0.49	0.55	Add
08/12/20	UOB Kay Hian	Penguin	0.43	0.42	Hold	Buy @ $0.34
08/31/20	CIMB	Penguin	0.435	0.55	Add	PB0.7x FY20
09/04/20	Lim & Tan	Penguin	0.425	0	Buy