China Aviation Oil - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/16	DMG & Partners	China Aviation Oil	0.655	1.24	Buy	DCF, PER12.4x FY16
02/26/16	DMG & Partners	China Aviation Oil	0.615	1.28	Buy	DCF, PER11.8x FY16
03/28/16	phillip	China Aviation Oil	0.795	0.92	Accumulate	DCF
04/25/16	phillip	China Aviation Oil	0.915	0.92	Neutral	DCF
04/27/16	DMG & Partners	China Aviation Oil	0.895	1.22	Buy	DCF, PEG0.9x FY16
05/03/16	DBS Vickers	China Aviation Oil	0.87	1.04	Buy	PER & PB
05/26/16	UOB Kay Hian	China Aviation Oil	0.995	1.56	Buy	DCF, PER12x FY17, PB1.4x
06/10/16	UOB Kay Hian	China Aviation Oil	1.17	1.56	Buy	DCF, PER12x FY17, PB1.4x FY17
07/08/16	DBS Vickers	China Aviation Oil	1.3	1.62	Buy	PER12x FY17
07/12/16	UOB Kay Hian	China Aviation Oil	1.375	1.85	Buy	PER14.4x FY17
07/29/16	UOB Kay Hian	China Aviation Oil	1.46	1.9	Buy	PER14.4x FY17
08/02/16	phillip	China Aviation Oil	1.445	1.92	Buy	PER14.2x
08/03/16	DBS Vickers	China Aviation Oil	1.47	1.7	Buy	PER12x FY17
08/29/16	UOB Kay Hian	China Aviation Oil	1.365	1.9	Buy	PER14.4x FY17
10/03/16	UOB Kay Hian	China Aviation Oil	1.34	1.9	Buy	PER14.4x FY17
11/03/16	DMG & Partners	China Aviation Oil	1.43	1.61	Buy
11/03/16	UOB Kay Hian	China Aviation Oil	1.43	1.9	Buy	PER14.4x FY17
11/04/16	DBS Vickers	China Aviation Oil	1.4	1.7	Buy	PER12x FY17
11/04/16	phillip	China Aviation Oil	1.4	1.92	Buy	PER13.9x
12/05/16	UOB Kay Hian	China Aviation Oil	1.38	1.9	Buy
01/03/17	UOB Kay Hian	China Aviation Oil	1.4	1.9	Buy
01/05/17	UOB Kay Hian	China Aviation Oil	1.4	2.01	Buy	PER14.4x FY17
01/13/17	DBS Vickers	China Aviation Oil	1.505	1.7	Buy
01/17/17	CIMB	China Aviation Oil	1.505	2	Add	PER13x CY18
02/24/17	DBS Vickers	China Aviation Oil	1.51	1.85	Buy	PER12x FY18
02/24/17	UOB Kay Hian	China Aviation Oil	1.51	2.21	Buy	PER14.4x FY17
02/27/17	CIMB	China Aviation Oil	1.525	2.28	Add	PER13x FY18
02/27/17	phillip	China Aviation Oil	1.525	2	Buy	PER11.7x FY17
02/28/17	Edison	China Aviation Oil	1.525	1.53	Buy	DCF
03/02/17	UOB Kay Hian	China Aviation Oil	1.525	2.21	Buy
03/03/17	DMG & Partners	China Aviation Oil	1.5	1.83	Buy	PER11.2x FY17, PEG1x FY17
03/17/17	DBS Vickers	China Aviation Oil	1.475	1.85	Buy
03/24/17	CIMB	China Aviation Oil	1.465	2.28	Add	PER13x FY18
04/03/17	UOB Kay Hian	China Aviation Oil	1.525	2.21	Buy
04/10/17	CIMB	China Aviation Oil	1.64	2.28	Add	PER13x FY18
04/20/17	UOB Kay Hian	China Aviation Oil	1.63	2.26	Buy	PER14.4x FY17
04/21/17	phillip	China Aviation Oil	1.635	2	Buy	PER11.7x
04/26/17	DMG & Partners	China Aviation Oil	1.625	1.9	Buy	PER11.3x FY17, PEG0.68x FY17
05/03/17	UOB Kay Hian	China Aviation Oil	1.62	2.26	Buy
05/31/17	CIMB	China Aviation Oil	1.685	2.28	Add
06/09/17	CIMB	China Aviation Oil	1.65	2.2	Buy	PER13x FY18
06/13/17	UOB Kay Hian	China Aviation Oil	1.685	2.01	Buy
06/28/17	DMG & Partners	China Aviation Oil	1.665	1.9	Buy	PER11.3x FY17, PEG0.68x FY17
07/03/17	UOB Kay Hian	China Aviation Oil	1.67	2.26	Buy	PER14.4x FY17
07/27/17	DBS Vickers	China Aviation Oil	1.765	1.85	Buy	PER12x FY18
07/28/17	DMG & Partners	China Aviation Oil	1.67	1.9	Buy	PER11.3x FY17, PEG0.61x FY17
07/28/17	CIMB	China Aviation Oil	1.67	2.08	Add	PER13x FY18
07/31/17	phillip	China Aviation Oil	1.65	2	Buy	PER11.7x
07/31/17	DBS Vickers	China Aviation Oil	1.65	2.08	Buy	PER13x FY18
08/17/17	UOB Kay Hian	China Aviation Oil	1.535	2.26	Buy
11/03/17	UOB Kay Hian	China Aviation Oil	1.76	2.26	Buy	PER14.4x FY17
11/03/17	DMG & Partners	China Aviation Oil	1.76	1.8	Neutral	PER12x FY17
11/03/17	CIMB	China Aviation Oil	1.76	2.08	Add	PER13x FY18
11/03/17	DBS Vickers	China Aviation Oil	1.76	2.08	Buy
11/06/17	phillip	China Aviation Oil	1.67	2	Buy	PER11.5x FY18