SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/04/20	UOB Kay Hian	SATS	4.49	4.8	Hold	Buy @ $4.30
02/06/20	CIMB	SATS	4.46	4.07	Reduce
02/14/20	DBS Vickers	SATS	4.54	4.46	Hold	DCF & PER22x FY21
02/17/20	phillip	SATS	4.43	4.45	Neutral	DCF, PER19x FY21
03/19/20	DBS Vickers	SATS	3.12	2.66	Fully Valued	DCF, PER15.8x FY21
03/27/20	UOB Kay Hian	SATS	3.32	3.96	Buy	PER19.4x FY22
05/04/20	UOB Kay Hian	SATS	3.28	3.3	Hold	Buy @ $2.80-2.90
05/06/20	DBS Vickers	SATS	2.98	2.64	Fully Valued	DCF & PER25x FY22
06/01/20	DBS Vickers	SATS	2.66	2.64	Hold	DCF & PER25x
07/13/20	phillip	SATS	2.88	1.95	Sell	PB1.35x
07/13/20	UOB Kay Hian	SATS	2.88	2.93	Hold	EV/Invested capital basis
07/13/20	Lim & Tan	SATS	2.88	0	Avoid
07/14/20	DBS Vickers	SATS	2.78	2.83	Hold	DCF & PER25x FY22
07/14/20	OCBC	SATS	2.78	2.76	Hold
07/14/20	CIMB	SATS	2.78	2.8	Reduce
08/25/20	CIMB	SATS	3.08	3	Hold	PB2.1x FY21
08/25/20	phillip	SATS	3.08	1.95	Sell	PB1.35x
08/25/20	UOB Kay Hian	SATS	3.08	2.67	Sell
08/25/20	Lim & Tan	SATS	3.08	0	Avoid
09/04/20	CIMB	SATS	3.01	3	Hold	DCF & PB2.1x FY21
09/04/20	OCBC	SATS	3.01	2.93	Hold
09/08/20	DBS Vickers	SATS	2.98	3.15	Hold	DCF, PER25x FY22
09/11/20	UOB Kay Hian	SATS	2.91	3.1	Hold	Buy @ $2.75
10/01/20	DBS Vickers	SATS	2.83	3.66	Buy	DCF & PER25x FY22
10/08/20	UOB Kay Hian	SATS	3.11	3.4	Buy
10/28/20	CIMB	SATS	3.14	3	Hold
11/03/20	DBS Vickers	SATS	3.07	3.66	Buy
11/13/20	UOB Kay Hian	SATS	3.6	3.62	Hold	Buy @ $3.30
11/16/20	OCBC	SATS	3.8	4.31	Buy
11/16/20	CIMB	SATS	3.8	3.27	Hold
11/16/20	DBS Vickers	SATS	3.8	4.02	Buy	DCF & PER25x FY22
11/17/20	DBS Vickers	SATS	3.99	4.5	Buy	DCF & PER25x FY22
11/19/20	phillip	SATS	4.1	4.4	Neutral	PB3.3x
01/04/21	DBS Vickers	SATS	3.98	4.5	Buy
02/02/21	CIMB	SATS	3.85	4.3	Add	DCF
02/02/21	DBS Vickers	SATS	3.85	4.5	Buy
02/11/21	UOB Kay Hian	SATS	4.09	3.96	Hold

Sasseur - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/20	CIMB	Sasseur	0.82	0.85	Add
02/24/20	DBS Vickers	Sasseur	0.815	0.93	Buy	DCF
02/24/20	Kim Eng	Sasseur	0.815	0.95	Buy
03/10/20	UOB Kay Hian	Sasseur	0.73	0.92	Buy	DDM
04/14/20	DBS Vickers	Sasseur	0.62	0.8	Buy	DCF, PB0.9x
05/15/20	UOB Kay Hian	Sasseur	0.72	0.96	Buy	DDM
06/03/20	DBS Vickers	Sasseur	0.8	0.8	Buy
06/11/20	Amfrasers	Sasseur	0.795	0.89	Outperform	DDM
08/17/20	UOB Kay Hian	Sasseur	0.775	0.99	Buy	DDM
08/18/20	CIMB	Sasseur	0.78	0.84	Add
10/12/20	Amfrasers	Sasseur	0.785	0.89	Outperform
11/16/20	DBS Vickers	Sasseur	0.795	0.9	Buy	DCF
11/19/20	CIMB	Sasseur	0.795	0.845	Add
11/19/20	Kim Eng	Sasseur	0.795	1	Buy
11/19/20	Amfrasers	Sasseur	0.795	0.89	Outperform	DDM

Sabana - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/30/20	DBS Vickers	Sabana	0.46	0.48	Hold	DCF
07/17/20	DBS Vickers	Sabana	0.36	0.4	Buy	PB0.94x ESR-Reit
01/22/21	Lim & Tan	Sabana	0.375	0	Accumulate
01/25/21	DBS Vickers	Sabana	0.395	0.45	Buy	DCF