SIA - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/20	UOB Kay Hian	SIA	8.93	9.1	Hold	Sum of parts, Buy @ $8.60
01/14/20	DBS Vickers	SIA	8.95	10.4	Buy
01/14/20	Citi Research	SIA	8.95	7.26	Buy	Ex-rights target price
02/04/20	UOB Kay Hian	SIA	8.49	9.1	Hold	Buy @ $8.40
02/06/20	CIMB	SIA	8.59	8.46	Hold	PB0.86x CY20
02/10/20	DBS Vickers	SIA	8.58	10.4	Buy	PB0.95x FY20
02/18/20	OCBC	SIA	8.66	9.9	Buy
03/13/20	CIMB	SIA	7.34	8	Hold	PB0.86x
03/19/20	DBS Vickers	SIA	6.53	6.6	Hold	PB0.85x
03/20/20	OCBC	SIA	6.12	6.6	Hold
03/23/20	UOB Kay Hian	SIA	6.02	6.6	Hold	Buy @ $5.7 (PB0.5x)
03/30/20	UOB Kay Hian	SIA	6.08	5.8	Hold	Sum of parts, Buy @ $5.2
03/30/20	Citi Research	SIA	6.08	2.82	Sell	Ex-rights target price
04/03/20	CIMB	SIA	5.65	6.27	Hold	Ex-rights price $4.25
04/03/20	DIR	SIA	5.65	5.54	Hold
05/06/20	CIMB	SIA	5.91	4.45	Hold	PB0.84x, Ex-rights
05/15/20	Citi Research	SIA	3.81	4	Sell
05/15/20	CIMB	SIA	3.81	4.6	Add	PB0.84x
05/18/20	UOB Kay Hian	SIA	3.9	4.34	Buy	PB0.9x
06/03/20	Lim & Tan	SIA	4.11	0	Take Profit
06/18/20	UOB Kay Hian	SIA	4.13	3.8	Sell	PB0.8x
07/16/20	Lim & Tan	SIA	3.77	0	Sell
07/30/20	DBS Vickers	SIA	3.53	3.75	Hold	PB0.8x FY21/22
07/30/20	CIMB	SIA	3.53	3.55	Hold	PB0.84x FY22
08/03/20	UOB Kay Hian	SIA	3.42	3.64	Hold	Buy @ $3.20
08/04/20	OCBC	SIA	3.31	3.5	Hold
09/15/20	UOB Kay Hian	SIA	3.51	3.64	Hold
10/08/20	UOB Kay Hian	SIA	3.56	3.53	Hold
10/16/20	DBS Vickers	SIA	3.49	3.75	Hold
10/22/20	UOB Kay Hian	SIA	3.51	3.94	Buy	PB0.9x FY21
11/09/20	CIMB	SIA	3.48	3.46	Hold	PB0.75x FY23
11/10/20	UOB Kay Hian	SIA	3.43	3.75	Buy
11/13/20	DBS Vickers	SIA	3.94	3.6	Hold	PB0.9x FY22
11/16/20	CIMB	SIA	3.83	4.57	Add	PB0.94x FY22
12/04/20	UOB Kay Hian	SIA	4.39	3.8	Sell	PB0.9x FY22
12/07/20	CIMB	SIA	4.42	4.91	Hold	PB0.94x FY22
12/15/20	DBS Vickers	SIA	4.42	3.6	Fully Valued	PB0.9x FY22
01/14/21	UOB Kay Hian	SIA	4.35	3.8	Sell	PB0.9x FY22
01/15/21	OCBC	SIA	4.35	3.7	Sell
02/05/21	CIMB	SIA	4.17	4.89	Add	PB0.94x FY22
02/05/21	Lim & Tan	SIA	4.17	0	Avoid
02/08/21	UOB Kay Hian	SIA	4.17	4	Hold	Buy @ $3.80
02/08/21	OCBC	SIA	4.17	4.8	Buy
02/10/21	CIMB	SIA	4.39	4.9	Add	PB0.94x
02/10/21	UOB Kay Hian	SIA	4.39	4.43	Hold	Buy @ $4