Yangzijiang Shipping - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/22	Citi Research	Yangzijiang	1.26	1.98	Buy
01/26/22	DBS Vickers	Yangzijiang	1.26	1.95	Buy
01/26/22	UOB Kay Hian	Yangzijiang	1.26	2	Buy
02/28/22	DBS Vickers	Yangzijiang	1.4	1.95	Buy
03/01/22	DBS Vickers	Yangzijiang	1.38	2.15	Buy	Sum of parts
03/01/22	UOB Kay Hian	Yangzijiang	1.38	1.95	Buy	PER9.3x FY22
03/28/22	Citi Research	Yangzijiang	1.46	1.98	Buy
03/28/22	Lim & Tan	Yangzijiang	1.46	1.73	Buy
04/01/22	DBS Vickers	Yangzijiang	1.53	2.15	Buy	Sum of parts
04/04/22	Lim & Tan	Yangzijiang	1.54	1.75	Buy
04/05/22	CIMB	Yangzijiang	1.56	2.41	Add	Sum of parts
04/06/22	UOB Kay Hian	Yangzijiang	1.58	1.95	Buy	PER9.3x FY22
04/22/22	OCBC	Yangzijiang	1.54	0.95	Buy	Ex-Entitlement
05/20/22	CIMB	Yangzijiang	0.89	1.63	Add
06/29/22	UOB Kay Hian	Yangzijiang	0.945	1.16	Buy	Sum of parts
07/07/22	CIMB	Yangzijiang	0.93	1.63	Add
08/05/22	DBS Vickers	Yangzijiang	0.92	1.38	Buy	PB1.5x, PER12x FY22
08/08/22	Lim & Tan	Yangzijiang	0.925	1.3	Accumulate
08/10/22	UOB Kay Hian	Yangzijiang	0.935	1.16	Buy	Sum of parts
08/10/22	DBS Vickers	Yangzijiang	0.935	1.4	Buy
09/09/22	DBS Vickers	Yangzijiang	0.9	1.4	Buy
09/09/22	CIMB	Yangzijiang	0.9	1.63	Add
10/06/22	UOB Kay Hian	Yangzijiang	1.04	1.44	Buy	PER9x FY22/23
10/07/22	Lim & Tan	Yangzijiang	1.1	0	Buy
10/27/22	CIMB	Yangzijiang	1.22	1.63	Add
11/14/22	UOB Kay Hian	Yangzijiang	1.38	1.44	Buy
11/14/22	DBS Vickers	Yangzijiang	1.38	1.4	Buy
11/15/22	UOB Kay Hian	Yangzijiang	1.39	1.55	Hold	PER9x FY23
11/15/22	DBS Vickers	Yangzijiang	1.39	1.7	Buy	PB1.7x FY23, PER11x FY23
12/02/22	CIMB	Yangzijiang	1.4	1.63	Add
01/05/23	DBS Vickers	Yangzijiang	1.2	1.7	Buy	PB1.7x FY23, PER11x FY23
01/09/23	Lim & Tan	Yangzijiang	1.23	0	Buy
01/10/23	UOB Kay Hian	Yangzijiang	1.21	1.55	Buy	PER9x FY23
02/23/23	DBS Vickers	Yangzijiang	1.35	1.7	Buy	PB1.7x FY23
02/24/23	UOB Kay Hian	Yangzijiang	1.33	1.58	Buy	PER9x FY23
02/27/23	CIMB	Yangzijiang	1.32	1.66	Add

Wing Tai - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/27/22	DBS Vickers	Wing Tai	1.76	2.05	Buy	RNAV (50% disc)
08/26/22	Lim & Tan	Wing Tai	1.61	2.05	Accumulate
08/29/22	DBS Vickers	Wing Tai	1.68	2.05	Buy
09/12/22	DBS Vickers	Wing Tai	1.66	2.05	Buy
11/01/22	DBS Vickers	Wing Tai	1.52	2.05	Buy
11/11/22	Lim & Tan	Wing Tai	1.47	1.95	Accumulate
02/10/23	DBS Vickers	Wing Tai	1.52	2.05	Buy
02/13/23	Lim & Tan	Wing Tai	1.52	0	Accumulate