Global Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	Global Logistics	1.96	2.73	Buy	RNAV (20% discount)
01/26/16	Deutsche	Global Logistics	1.73	2.4	Buy
01/29/16	phillip	Global Logistics	1.67	2.48	Buy	PB1x FY16
02/03/16	Deutsche	Global Logistics	1.665	2.3	Buy
02/04/16	Lim & Tan	Global Logistics	1.620	0	Buy
02/04/16	OCBC	Global Logistics	1.620	2.68	Buy
02/05/16	CIMB	Global Logistics	1.630	2.74	Add	Sum of parts
02/05/16	DBS Vickers	Global Logistics	1.630	2.47	Buy	RNAV (30% discount)
02/05/16	JP Morgan	Global Logistics	1.630	2.2	Overweight
02/05/16	phillip	Global Logistics	1.630	2.43	Buy	RNAV
02/11/16	Citigroup	Global Logistics	1.630	1.73	Neutral	RNAV (40% discount)
02/16/16	Macquarie	Global Logistics	1.630	2.89	Outperform
02/25/16	Deutsche	Global Logistics	1.730	2.3	Buy	RNAV (50% discount)
03/24/16	Deutsche	Global Logistics	1.980	2.3	Buy	RNAV (42.4% discount)
04/04/16	OCBC	Global Logistics	1.935	2.68	Buy
05/19/16	Lim & Tan	Global Logistics	1.905	0	Buy
05/20/16	CIMB	Global Logistics	1.845	2.72	Add	RNAV
05/20/16	Macquarie	Global Logistics	1.845	2.89	Outperform	Sum of parts
05/20/16	OCBC	Global Logistics	1.845	2.37	Buy
05/23/16	DBS Vickers	Global Logistics	1.825	2.47	Buy
05/23/16	phillip	Global Logistics	1.825	2.28	Accumulate	RNAV (15% discount)
06/03/16	Lim & Tan	Global Logistics	1.790	0	Buy
06/03/16	OCBC	Global Logistics	1.790	2.37	Buy
07/01/16	Lim & Tan	Global Logistics	1.800	0	Buy
07/11/16	OCBC	Global Logistics	1.830	2.37	Buy
07/26/16	Deutsche	Global Logistics	1.960	2.3	Buy
08/12/16	JP Morgan	Global Logistics	1.950	2.15	Overweight
08/12/16	Lim & Tan	Global Logistics	1.950	0	Hold
08/12/16	OCBC	Global Logistics	1.950	2.37	Buy
08/15/16	CIMB	Global Logistics	1.930	2.72	Add	RNAV
08/15/16	phillip	Global Logistics	1.930	2.28	Accumulate	RNAV (15% discount)
08/16/16	DBS Vickers	Global Logistics	1.930	2.47	Buy	RNAV (30% discount)
08/25/16	Credit Suisse	Global Logistics	1.920	1.65	Underperform	RNAV (32% discount), PER26x
09/02/16	OCBC	Global Logistics	1.825	2.37	Buy
09/13/16	Lim & Tan	Global Logistics	1.860	0	Buy
09/14/16	CIMB	Global Logistics	1.820	2.73	Add	RNAV
09/14/16	DBS Vickers	Global Logistics	1.820	2.47	Buy	RNAV (30% discount)
09/14/16	Macquarie	Global Logistics	1.820	2.4	Outperform
10/11/16	Lim & Tan	Global Logistics	1.860	0	Buy
10/14/16	OCBC	Global Logistics	1.815	2.37	Buy
11/03/16	JP Morgan	Global Logistics	1.945	2.15	Overweight
11/03/16	Macquarie	Global Logistics	1.945	2.4	Outperform	Sum of parts (20% discount)
11/08/16	Lim & Tan	Global Logistics	2.040	0	Buy
11/08/16	OCBC	Global Logistics	2.040	2.37	Buy
11/09/16	CIMB	Global Logistics	2.100	2.73	Add	Sum of parts
11/09/16	Credit Suisse	Global Logistics	2.100	1.73	Underperform
11/09/16	DBS Vickers	Global Logistics	2.100	2.47	Buy	RNAV (30% discount)
11/09/16	OCBC	Global Logistics	2.100	2.37	Buy
11/09/16	phillip	Global Logistics	2.100	2.31	Accumulate	RNAV (15% discount)
11/23/16	UOB Kay Hian	Global Logistics	2.040	2.4	Buy	RNAV (22% discount)
12/01/16	Lim & Tan	Global Logistics	2.060	0	Buy
12/02/16	OCBC	Global Logistics	2.060	2.37	Buy
12/06/16	CIMB	Global Logistics	2.280	2.73	Add	RNAV
12/07/16	Deutsche	Global Logistics	2.270	2.3	Buy
12/13/16	UOB Kay Hian	Global Logistics	2.240	2.4	Hold
12/15/16	DBS Vickers	Global Logistics	2.220	2.47	Buy	RNAV (30% discount)
01/06/17	Lim & Tan	Global Logistics	2.400	0	Buy
01/09/17	DBS Vickers	Global Logistics	2.460	2.47	Buy	RNAV (30% discount)
01/13/17	Lim & Tan	Global Logistics	2.610	0	Hold
01/31/17	Credit Suisse	Global Logistics	2.620	2.55	Underperform
02/06/17	Lim & Tan	Global Logistics	2.620	0	Hold
02/10/17	CIMB	Global Logistics	2.780	2.79	Hold	Sum of parts
02/10/17	Credit Suisse	Global Logistics	2.780	2.75	Neutral
02/10/17	OCBC	Global Logistics	2.780	2.87	Hold
02/10/17	UOB Kay Hian	Global Logistics	2.780	2.5	Hold	RNAV (20% discount)
02/13/17	DBS Vickers	Global Logistics	2.760	3	Buy	RNAV (15% discount)
02/13/17	phillip	Global Logistics	2.760	2.6	Neutral	RNAV (10% discount)
03/09/17	Lim & Tan	Global Logistics	2.730	0	Hold
03/13/17	UOB Kay Hian	Global Logistics	2.720	2.5	Hold
04/03/17	OCBC	Global Logistics	2.780	2.87	Hold
04/27/17	phillip	Global Logistics	2.880	2.6	Neutral
05/17/17	DBS Vickers	Global Logistics	2.910	3	Hold	RNAV (15% discount), PB1.2x
05/19/17	Lim & Tan	Global Logistics	2.900	0	Hold
05/19/17	OCBC	Global Logistics	2.900	2.87	Hold
05/22/17	CIMB	Global Logistics	2.930	3.05	Hold	RNAV
05/22/17	Credit Suisse	Global Logistics	2.930	2.78	Neutral	PB1.07x
05/22/17	UOB Kay Hian	Global Logistics	2.930	2.75	Hold	RNAV (19% discount), Buy @ $2.55
05/23/17	phillip	Global Logistics	2.900	2.87	Neutral	RNAV (10% discount)
06/09/17	Lim & Tan	Global Logistics	2.940	0	Hold
06/22/17	Deutsche	Global Logistics	2.990	2.6	Hold
07/17/17	phillip	Global Logistics	3.290	3.38	Accept Offer	Offer price $3.38
07/17/17	UOB Kay Hian	Global Logistics	3.290	3.38	Accept Offer	Offer price $3.38
07/17/17	Credit Suisse	Global Logistics	3.290	3.38	Accept Offer	Offer price $3.38 (PB1.3x)
07/17/17	Lim & Tan	Global Logistics	3.290	3.38	Accept Offer	Offer price $3.38
08/10/17	CIMB	Global Logistics	3.250	3.38	Hold	Offer price $3.38
09/18/17	UOB Kay Hian	Global Logistics	3.280	2.75	Hold
10/02/17	OCBC	Global Logistics	3.300	2.87	Accept Offer	Offer price $3.38
12/20/17	CIMB	Global Logistics	3.360	3.38	Hold