UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/21	CIMB	UMS	1.15	1.27	Add	PB2.46x
01/06/21	DBS Vickers	UMS	1.14	1.36	Buy
01/13/21	Kim Eng	UMS	1.2	1.41	Buy
03/01/21	Kim Eng	UMS	1.15	1.34	Buy	PB2.5x FY21
03/01/21	DBS Vickers	UMS	1.15	1.36	Buy	PER14.9x FY21
03/10/21	DBS Vickers	UMS	1.1	1.57	Buy	PER17x
03/15/21	Kim Eng	UMS	1.16	1.57	Buy	PER15x FY21
03/16/21	UOB Kay Hian	UMS	1.2	1.65	Buy	PER14.9x FY21
03/19/21	Amfrasers	UMS	1.25	1.43	Outperform
03/26/21	CIMB	UMS	1.26	1.53	Add	GGM, PB2.9x
05/11/21	DBS Vickers	UMS	1.36	1.83	Buy	PER17x FY21
05/12/21	CIMB	UMS	1.28	1.58	Add	PB2.9x
05/12/21	Kim Eng	UMS	1.28	1.8	Buy	PER15x FY21
05/12/21	Amfrasers	UMS	1.28	1.51	Outperform	PER15x
06/15/21	DBS Vickers	UMS	1.41	1.83	Buy
06/30/21	UOB Kay Hian	UMS	1.47	1.92	Buy
07/05/21	Kim Eng	UMS	1.53	1.8	Buy
07/29/21	UOB Kay Hian	UMS	1.56	1.92	Buy
08/02/21	CIMB	UMS	1.61	1.97	Add
08/16/21	DBS Vickers	UMS	1.75	2.16	Buy	PER17x FY22
08/17/21	Kim Eng	UMS	1.73	2.1	Buy	PER15x FY22
09/06/21	CIMB	UMS	1.7	1.97	Add
09/17/21	Kim Eng	UMS	1.72	2.1	Buy
10/11/21	Kim Eng	UMS	1.58	2.1	Buy
11/15/21	UOB Kay Hian	UMS	1.38	2.08	Buy
11/15/21	DBS Vickers	UMS	1.38	1.8	Buy	PER17x FY22
11/16/21	Kim Eng	UMS	1.41	1.71	Buy
11/17/21	UOB Kay Hian	UMS	1.48	1.66	Buy	Ex-Bonus
11/17/21	CIMB	UMS	1.48	1.63	Add
12/02/21	Kim Eng	UMS	1.49	1.71	Buy
01/17/22	DBS Vickers	UMS	1.44	1.8	Buy
02/03/22	Kim Eng	UMS	1.2	1.71	Buy
02/09/22	UOB Kay Hian	UMS	1.21	1.8	Buy	PER15.5x FY22

UG Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/21	CIMB	UG Healthcare	0.665	1.7	Add
02/08/21	Phillip	UG Healthcare	0.79	1.03	Buy	PER7x FY22
02/08/21	CIMB	UG Healthcare	0.79	1.7	Add
02/08/21	DMG & Partners	UG Healthcare	0.79	0.95	Buy
03/23/21	DMG & Partners	UG Healthcare	0.59	0.75	Buy	DCF
05/12/21	CIMB	UG Healthcare	0.655	1.2	Add	DCF
05/14/21	Phillip	UG Healthcare	0.67	0.85	Buy	PER7x FY22
06/29/21	DMG & Partners	UG Healthcare	0.585	0.61	Neutral	DCF
07/13/21	CIMB	UG Healthcare	0.56	1.2	Add
08/31/21	CIMB	UG Healthcare	0.555	0.65	Add	PER11.2x CY23
08/31/21	DMG & Partners	UG Healthcare	0.555	0.57	Neutral
09/01/21	Phillip	UG Healthcare	0.535	0.63	Accumulate	PER8x FY22
09/28/21	DMG & Partners	UG Healthcare	0.345	0.37	Neutral	DCF
11/15/21	DMG & Partners	UG Healthcare	0.285	0.27	Neutral
11/17/21	CIMB	UG Healthcare	0.285	0.42	Add

Tuan Sing - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/21	DBS Vickers	Tuan Sing	0.315	0.44	Buy
03/09/21	DBS Vickers	Tuan Sing	0.315	0.46	Buy	Sum of parts
05/05/21	DBS Vickers	Tuan Sing	0.405	0.54	Buy	Sum of parts
08/10/21	DBS Vickers	Tuan Sing	0.545	0.66	Buy	Sum of parts (10% discount)
09/02/21	DBS Vickers	Tuan Sing	0.49	0.66	Buy	Sum of parts (10% discount)
10/01/21	DBS Vickers	Tuan Sing	0.49	0.66	Buy
01/05/22	DBS Vickers	Tuan Sing	0.455	0.66	Buy	Sum of parts