Indofood Agri - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/17/16	Credit Suisse	Indofood Agri	0.48	0.55	Outperform
02/23/16	DBS Vickers	Indofood Agri	0.46	0.54	Buy
02/29/16	CIMB	Indofood Agri	0.435	0.45	Hold	Sum of parts
02/29/16	DBS Vickers	Indofood Agri	0.435	0.52	Buy	DCF
03/04/16	UOB Kay Hian	Indofood Agri	0.45	0.8	Hold
03/14/16	Credit Suisse	Indofood Agri	0.52	0.54	Outperform	PER13x FY16
04/12/16	DBS Vickers	Indofood Agri	0.555	0.52	Buy
05/03/16	DBS Vickers	Indofood Agri	0.535	0.54	Hold
05/18/16	UOB Kay Hian	Indofood Agri	0.475	0.8	Hold
06/01/16	CIMB	Indofood Agri	0.495	0.54	Hold
06/17/16	Macquarie	Indofood Agri	0.47	0.57	Outperform
08/11/16	DBS Vickers	Indofood Agri	0.465	0.5	Hold
08/15/16	CIMB	Indofood Agri	0.47	0.44	Reduce	Sum of parts (20% discount)
08/16/16	DBS Vickers	Indofood Agri	0.47	0.48	Hold	DCF
08/19/16	UOB Kay Hian	Indofood Agri	0.475	0.8	Hold
09/15/16	DBS Vickers	Indofood Agri	0.445	0.48	Hold
10/25/16	DBS Vickers	Indofood Agri	0.45	0.58	Buy	DCF
10/31/16	CIMB	Indofood Agri	0.49	0.44	Reduce	Sum of parts (22% discount)
01/11/17	DBS Vickers	Indofood Agri	0.545	0.58	Buy
02/13/17	DBS Vickers	Indofood Agri	0.54	0.58	Buy
03/02/17	DBS Vickers	Indofood Agri	0.52	0.56	Hold
05/03/17	DBS Vickers	Indofood Agri	0.49	0.56	Hold	DCF
07/11/17	DBS Vickers	Indofood Agri	0.475	0.56	Hold
07/31/17	DBS Vickers	Indofood Agri	0.495	0.49	Hold	DCF
08/28/17	DIR	Indofood Agri	0.46	0.4	Underperform	PER7.5x FY17/18
09/13/17	DBS Vickers	Indofood Agri	0.46	0.49	Hold
10/30/17	DBS Vickers	Indofood Agri	0.455	0.48	Hold	DCF
11/13/17	DBS Vickers	Indofood Agri	0.455	0.48	Hold
11/20/17	DIR	Indofood Agri	0.445	0.4	Underperform	PER7.5x FY17/18