MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/16	DBS Vickers	MM2 Asia	0.77	1.05	Buy	PER19x
01/12/16	UOB Kay Hian	MM2 Asia	0.745	1.01	Buy
02/05/16	DBS Vickers	MM2 Asia	0.71	1.05	Buy
02/10/16	UOB Kay Hian	MM2 Asia	0.72	1.01	Buy	PER20.3x FY17
03/08/16	DBS Vickers	MM2 Asia	0.49	0.52	Buy
03/24/16	UOB Kay Hian	MM2 Asia	0.54	0.64	Buy	PER22.3x
03/28/16	DBS Vickers	MM2 Asia	0.52	0.63	Buy	PER20x FY17
04/01/16	UOB Kay Hian	MM2 Asia	0.535	0.64	Buy
05/10/16	CIMB	MM2 Asia	0.54	0.7	Add	PER22x CY17
05/25/16	DBS Vickers	MM2 Asia	0.58	0.75	Buy
05/26/16	CIMB	MM2 Asia	0.62	0.73	Add	PER22x CY17
05/26/16	UOB Kay Hian	MM2 Asia	0.62	0.74	Buy
06/10/16	DBS Vickers	MM2 Asia	0.67	0.75	Buy	PER22x FY17
06/13/16	CIMB	MM2 Asia	0.7	0.73	Hold	PER22x CY17
07/01/16	DBS Vickers	MM2 Asia	0.69	0.83	Buy
08/01/16	CIMB	MM2 Asia	0.66	0.73	Hold	PER22x CY17
08/25/16	CIMB	MM2 Asia	0.705	0.84	Add	PER22x CY17
09/13/16	DBS Vickers	MM2 Asia	0.77	0.95	Buy	PER24x FY17
09/14/16	UOB Kay Hian	MM2 Asia	0.78	0.74	Buy
11/09/16	CIMB	MM2 Asia	0.465	0.52	Add	PER22x CY18
11/10/16	DBS Vickers	MM2 Asia	0.465	0.56	Buy	PER24x FY18, Ex 1-for-1 stock split
12/15/16	DBS Vickers	MM2 Asia	0.42	0.56	Buy	PER24x FY18
01/11/17	DBS Vickers	MM2 Asia	0.49	0.56	Buy
04/07/17	CIMB	MM2 Asia	0.5	0.6	Add	Sum of parts, PER22.6x FY18
04/13/17	DBS Vickers	MM2 Asia	0.5	0.63	Buy	Sum of parts
05/23/17	DBS Vickers	MM2 Asia	0.575	0.63	Buy	Sum of parts
05/24/17	DBS Vickers	MM2 Asia	0.585	0.7	Buy	Sum of parts
05/25/17	CIMB	MM2 Asia	0.585	0.65	Add	Sum of parts
06/14/17	CIMB	MM2 Asia	0.62	0.72	Add	Sum of parts
06/14/17	DBS Vickers	MM2 Asia	0.62	0.7	Buy
07/20/17	DBS Vickers	MM2 Asia	0.59	0.75	Buy	Sum of parts
07/25/17	CIMB	MM2 Asia	0.525	0.58	Hold	Sum of parts
08/14/17	DBS Vickers	MM2 Asia	0.465	0.6	Buy	Sum of parts
08/17/17	CIMB	MM2 Asia	0.475	0.58	Add	Sum of parts
11/02/17	DBS Vickers	MM2 Asia	0.58	0.73	Buy	Sum of parts
11/06/17	CIMB	MM2 Asia	0.55	0.76	Add	Sum of parts
12/20/17	CIMB	MM2 Asia	0.52	0.76	Add
01/05/18	DBS Vickers	MM2 Asia	0.545	0.73	Buy