Chip Eng Seng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/16	phillip	Chip Eng Seng	0.685	0.72	Accumulate	RNAV (50% discount)
05/09/16	phillip	Chip Eng Seng	0.645	0.72	Accumulate	RNAV (50% discount)
08/19/16	phillip	Chip Eng Seng	0.63	0.72	Accumulate
11/14/16	phillip	Chip Eng Seng	0.625	0.72	Accumulate	RNAV (50% discount)
02/21/17	phillip	Chip Eng Seng	0.72	0.81	Accumulate	RNAV (50% discount)
03/07/17	phillip	Chip Eng Seng	0.725	0.87	Accumulate	RNAV (50% discount)
05/08/17	phillip	Chip Eng Seng	0.7	0.9	Buy	RNAV (50% discount)
08/10/17	phillip	Chip Eng Seng	0.73	0.9	Buy	RNAV (50% discount)
10/17/17	DBS Vickers	Chip Eng Seng	0.9	1.18	Buy	Sum of parts
11/03/17	DBS Vickers	Chip Eng Seng	0.97	1.18	Buy	Sum of parts
11/09/17	phillip	Chip Eng Seng	0.96	1.21	Buy	RNAV (40% discount)