First Resources - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	UOB Kay Hian	First Resources	1.92	2.4	Buy
01/12/16	CIMB	First Resources	1.81	2.38	Add
01/26/16	Deutsche	First Resources	1.74	2.85	Buy
02/03/16	DMG & Partners	First Resources	1.76	2.69	Buy
02/26/16	CIMB	First Resources	1.84	2.1	Add	PER13x FY17
02/26/16	DBS Vickers	First Resources	1.84	1.85	Hold
02/26/16	DMG & Partners	First Resources	1.84	2.35	Buy	PER19x FY16
02/26/16	Kim Eng	First Resources	1.84	2.08	Buy	PER17x FY16
02/26/16	UOB Kay Hian	First Resources	1.84	2	Buy	PER17x FY16
02/26/16	Credit Suisse	First Resources	1.84	2.1	Outperform	Up from $2
03/31/16	UOB Kay Hian	First Resources	2.08	2.65	Buy
04/01/16	CIMB	First Resources	2.02	2.1	Add
04/12/16	DBS Vickers	First Resources	2.03	1.85	Hold
04/21/16	Deutsche	First Resources	1.99	2.6	Buy
04/21/16	Kim Eng	First Resources	1.99	2.08	Hold	PER17x FY16
05/16/16	CIMB	First Resources	1.645	1.98	Add	PER13x FY17
05/16/16	Credit Suisse	First Resources	1.645	2.3	Outperform
05/16/16	DBS Vickers	First Resources	1.645	1.85	Hold
05/16/16	Deutsche	First Resources	1.645	2.25	Buy
05/16/16	DMG & Partners	First Resources	1.645	1.9	Buy
05/16/16	Kim Eng	First Resources	1.645	1.7	Hold	PER17x FY16
05/16/16	UOB Kay Hian	First Resources	1.645	2.2	Buy	PER17x FY17
06/01/16	CIMB	First Resources	1.615	1.98	Add
06/10/16	Deutsche	First Resources	1.745	2	Buy
06/17/16	Macquarie	First Resources	1.65	2.2	Outperform
06/24/16	UOB Kay Hian	First Resources	1.63	2.2	Buy	PER17x FY17
07/14/16	UOB Kay Hian	First Resources	1.555	2.2	Buy
07/27/16	Kim Eng	First Resources	1.56	1.71	Buy	PER17x FY16
07/28/16	UOB Kay Hian	First Resources	1.565	2	Buy	PER17x FY17
08/11/16	DBS Vickers	First Resources	1.625	1.82	Hold
08/11/16	Credit Suisse	First Resources	1.625	2.1	Outperform
08/15/16	CIMB	First Resources	1.63	1.98	Add	PER13x FY17
08/15/16	UOB Kay Hian	First Resources	1.63	2	Buy	PER17x FY17
08/16/16	CIMB	First Resources	1.705	1.95	Add	PER13x FY17
08/16/16	DBS Vickers	First Resources	1.705	1.8	Buy	DCF
08/16/16	Kim Eng	First Resources	1.705	1.8	Buy	PER17x FY17
09/15/16	UOB Kay Hian	First Resources	1.795	2	Buy	PER17x FY17
10/06/16	Kim Eng	First Resources	1.785	1.8	Buy
10/25/16	DBS Vickers	First Resources	1.77	1.9	Hold	DCF
10/27/16	UOB Kay Hian	First Resources	1.815	2	Buy	PER17x FY17
11/10/16	CIMB	First Resources	1.81	2.32	Add	PER13x FY18
11/10/16	DMG & Partners	First Resources	1.81	1.73	Neutral
11/10/16	UOB Kay Hian	First Resources	1.81	2	Buy	PER17x FY17
11/11/16	DBS Vickers	First Resources	1.85	1.9	Hold	DCF
11/11/16	Kim Eng	First Resources	1.85	1.97	Hold	PER17x FY17
12/06/16	CIMB	First Resources	1.96	2.32	Add	PER13x FY17
12/07/16	Deutsche	First Resources	1.95	2.2	Buy
12/08/16	UOB Kay Hian	First Resources	1.965	2	Buy
01/03/17	DMG & Partners	First Resources	1.9	1.8	Neutral
01/11/17	CIMB	First Resources	1.915	2.32	Add
01/11/17	DBS Vickers	First Resources	1.915	1.9	Hold
01/11/17	Kim Eng	First Resources	1.915	1.97	Hold
01/31/17	UOB Kay Hian	First Resources	1.955	1.98	Buy
02/01/17	Kim Eng	First Resources	1.93	1.97	Hold
02/03/17	UOB Kay Hian	First Resources	1.935	2.15	Buy	PER17x FY17
02/06/17	DMG & Partners	First Resources	1.965	2	Hold	PER19x FY17
02/13/17	DBS Vickers	First Resources	1.97	1.9	Hold
02/17/17	DBS Vickers	First Resources	1.96	2.19	Buy
02/28/17	CIMB	First Resources	1.87	2.32	Add	PER13x FY18
03/01/17	DBS Vickers	First Resources	1.885	2.15	Buy	DCF
03/01/17	Kim Eng	First Resources	1.885	1.97	Hold	PER17x FY17
03/01/17	UOB Kay Hian	First Resources	1.885	2.15	Buy	PER17x FY17
03/09/17	DMG & Partners	First Resources	1.94	1.9	Neutral
04/11/17	DMG & Partners	First Resources	1.915	1.8	Neutral
05/02/17	UOB Kay Hian	First Resources	1.875	2.15	Buy	PER17x FY17
05/12/17	CIMB	First Resources	1.96	2.32	Add	PER13x FY18
05/12/17	Kim Eng	First Resources	1.96	1.97	Hold	PER17x FY17
05/15/17	DMG & Partners	First Resources	1.955	2.05	Neutral	PER17x FY17
05/16/17	DBS Vickers	First Resources	2	2.15	Buy	DCF
06/29/17	UOB Kay Hian	First Resources	1.915	1.95	Hold
07/11/17	DBS Vickers	First Resources	1.89	2.15	Buy
07/20/17	UOB Kay Hian	First Resources	1.885	1.95	Hold	PER16x FY18, Buy @ $1.75
08/14/17	Kim Eng	First Resources	1.84	1.97	Hold	PER17x FY17
08/14/17	DMG & Partners	First Resources	1.84	2.05	Neutral	PER17x FY17
08/15/17	CIMB	First Resources	1.84	2.32	Add	PER13x FY18
08/15/17	DBS Vickers	First Resources	1.84	2.13	Buy	DCF
08/21/17	UOB Kay Hian	First Resources	1.8	1.95	Hold
08/28/17	DIR	First Resources	1.905	2.11	Outperform	PER13x FY17/18
09/11/17	Kim Eng	First Resources	1.88	1.97	Hold
09/13/17	DBS Vickers	First Resources	1.885	2.13	Buy
10/09/17	UOB Kay Hian	First Resources	1.925	1.95	Hold	PER16x FY18, Buy @ $1.75
10/11/17	Kim Eng	First Resources	1.93	2.04	Hold	PER17x FY17
10/11/17	CIMB	First Resources	1.93	2.32	Add
11/02/17	Credit Suisse	First Resources	1.98	2.3	Neutral	PER16x FY18
11/03/17	CIMB	First Resources	1.96	2.32	Add
11/13/17	Kim Eng	First Resources	1.94	2.04	Hold	PER17x FY17
11/13/17	DBS Vickers	First Resources	1.94	2.13	Buy
11/14/17	Kim Eng	First Resources	1.95	2.04	Hold	PER17x FY17
11/14/17	DMG & Partners	First Resources	1.95	2.13	Neutral	PER13x FY18
11/14/17	CIMB	First Resources	1.95	2.13	Add	PER13x FY19
11/15/17	DBS Vickers	First Resources	1.93	2.18	Buy	DCF, PER14.5x FY18
11/15/17	UOB Kay Hian	First Resources	1.93	1.95	Hold	PER16x FY18, Buy @ $1.75
11/15/17	Credit Suisse	First Resources	1.93	2.3	Neutral
12/04/17	CIMB	First Resources	1.88	2.13	Add
12/13/17	Kim Eng	First Resources	1.88	2.04	Hold
12/13/17	DMG & Partners	First Resources	1.88	2.03	Neutral	PER12x FY18