Dairy Farm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/16	Lim & Tan	Dairy Farm	6.14	0	Buy
03/10/16	DBS Vickers	Dairy Farm	5.85	7.03	Buy	Sum of parts
03/21/16	DMG & Partners	Dairy Farm	5.94	8.5	Buy
05/06/16	DMG & Partners	Dairy Farm	6.73	8.5	Buy
05/19/16	CIMB	Dairy Farm	6.56	6.75	Hold	PER20x CY17
07/29/16	CIMB	Dairy Farm	6.74	6.75	Hold	PER20x CY17
08/02/16	DBS Vickers	Dairy Farm	6.6	7.18	Buy	Sum of parts
08/08/16	DMG & Partners	Dairy Farm	6.8	8.6	Buy
11/11/16	CIMB	Dairy Farm	7.19	8.7	Add	PER23.7x CY18
12/06/16	CIMB	Dairy Farm	7.21	8.7	Add	PER23.7x CY18
12/08/16	DBS Vickers	Dairy Farm	7.3	7.18	Buy
01/03/17	DMG & Partners	Dairy Farm	7.19	8.6	Buy	DCF, PER21x FY17
01/12/17	DMG & Partners	Dairy Farm	7.26	8.5	Buy	DCF
01/20/17	CIMB	Dairy Farm	7.37	8.7	Add
03/03/17	CIMB	Dairy Farm	8.44	9.18	Add	PER23.7x CY18
03/06/17	DBS Vickers	Dairy Farm	8.51	9.96	Buy	Sum of parts
03/06/17	DMG & Partners	Dairy Farm	8.51	10	Buy	DCF
03/06/17	Lim & Tan	Dairy Farm	8.51	0	Hold	PER23x
03/16/17	DIR	Dairy Farm	8.95	10.3	Outperform	PER26.5x FY17
05/02/17	DMG & Partners	Dairy Farm	8.9	10	Buy
05/05/17	CIMB	Dairy Farm	8.89	9.18	Add	PER23.7x CY18
06/16/17	DMG & Partners	Dairy Farm	8.04	10	Buy	DCF, PER26x FY17
06/30/17	DIR	Dairy Farm	7.92	10.5	Buy	PER26.5x FY17
07/04/17	DMG & Partners	Dairy Farm	7.95	10	Buy
07/10/17	DBS Vickers	Dairy Farm	8.14	9.96	Buy
08/02/17	DMG & Partners	Dairy Farm	8.02	10	Buy
08/04/17	CIMB	Dairy Farm	8.06	9.18	Add	PER23.7x CY18
08/07/17	DIR	Dairy Farm	7.72	10	Buy	PER26.5x FY18
08/07/17	DMG & Partners	Dairy Farm	7.72	9.53	Buy	DCF
08/10/17	DBS Vickers	Dairy Farm	7.81	9.89	Buy	Sum of parts
09/14/17	DIR	Dairy Farm	8.06	10	Buy	PER26.5x FY18
09/27/17	phillip	Dairy Farm	7.48	9.89	Buy	Sum of parts
11/29/17	DMG & Partners	Dairy Farm	8.31	9.53	Buy
12/04/17	phillip	Dairy Farm	8.08	9.89	Buy