Noble - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	DBS Vickers	Noble	0.395	0.42	Hold	PB1x
01/07/16	Credit Suisse	Noble	0.38	0.4	Neutral
01/07/16	OCBC	Noble	0.38	0.44	Hold
01/07/16	UOB Kay Hian	Noble	0.38	0.65	Hold
01/29/16	Religare	Noble	0.27	0.37	Buy
02/23/16	Lim & Tan	Noble	0.37	0	Neutral
02/25/16	Iceberg Research	Noble	0.34	0.1	Sell	Fraud alert
02/26/16	Credit Suisse	Noble	0.335	0.3	Neutral	PB0.4x
02/26/16	OCBC	Noble	0.335	0.39	Hold
02/29/16	DBS Vickers	Noble	0.355	0.32	Hold	PER5.3x & PB1x
03/01/16	Lim & Tan	Noble	0.345	0	Neutral
03/04/16	OCBC	Noble	0.38	0.39	Hold
04/08/16	Credit Suisse	Noble	0.415	0.3	Neutral
05/13/16	DBS Vickers	Noble	0.36	0.32	Hold
05/13/16	OCBC	Noble	0.36	0.34	Hold	PER7.5x FY16, Buy @ $0.30 or lower
05/18/16	Lim & Tan	Noble	0.33	0	Neutral
06/06/16	Lim & Tan	Noble	0.26	0	Neutral
08/12/16	Credit Suisse	Noble	0.155	0.15	Neutral	Ex-Rights 1-for-1 at $0.11
08/12/16	Lim & Tan	Noble	0.155	0	Neutral
08/15/16	DBS Vickers	Noble	0.148	0.175	Hold	PER7.7x FY17 & PB1x
09/20/16	Lim & Tan	Noble	0.139	0	Avoid
10/10/16	DBS Vickers	Noble	0.192	0.19	Hold	PER7.7x FY17 & PB1x
11/11/16	Credit Suisse	Noble	0.205	0.21	Neutral
11/14/16	DBS Vickers	Noble	0.195	0.2	Hold	PER7.7x FY17 & PB1x
02/14/17	Credit Suisse	Noble	0.197	0.21	Neutral
02/28/17	DBS Vickers	Noble	0.23	0.23	Hold	PB1x
05/12/17	Credit Suisse	Noble	0.87	0.8	Neutral
05/12/17	DBS Vickers	Noble	0.87	0.94	Hold	Stock consol 10-into-1
05/12/17	Macquarie	Noble	0.87	0.7	Underperform	Cut from $1.40
08/03/17	Iceberg Research	Noble	0.395	0	Sell	Bankruptcy alert
08/17/17	Lim & Tan	Noble	0.435	0	Sell/Avoid	Bankruptcy alert
11/21/17	Lim & Tan	Noble	0.193	0	Avoid