Q & M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	CIMB	Q & M	0.7	0.84	Add	PER34.5x CY17
01/21/16	Kim Eng	Q & M	0.695	0.97	Buy	PER42x FY16
02/01/16	Kim Eng	Q & M	0.675	0.93	Buy	PER42x FY16
03/02/16	CIMB	Q & M	0.7	0.64	Reduce	PER34.5x CY17
03/02/16	Kim Eng	Q & M	0.7	0.88	Buy	PER42x FY16
04/14/16	phillip	Q & M	0.685	0.7	Neutral	PER38x
05/12/16	Kim Eng	Q & M	0.67	0.88	Buy	PER42x FY16
05/16/16	CIMB	Q & M	0.67	0.7	Hold	PER34.5x CY17
05/17/16	phillip	Q & M	0.715	0.72	Neutral	PER38.2x
05/25/16	Kim Eng	Q & M	0.795	1.05	Buy	PER42x
06/08/16	CIMB	Q & M	0.76	0.74	Hold	PER34.5x CY17
06/08/16	Kim Eng	Q & M	0.76	1.08	Buy	PER42x FY17
07/05/16	DBS Vickers	Q & M	0.73	0.8	Not Rated	PER36.5x FY17
07/25/16	DMG & Partners	Q & M	0.7	1	Buy
08/15/16	CIMB	Q & M	0.725	0.74	Hold	PER34.5x CY17
08/15/16	phillip	Q & M	0.725	0.72	Neutral	PER38.2x FY16
08/17/16	Kim Eng	Q & M	0.725	1.08	Buy
09/06/16	Kim Eng	Q & M	0.72	1.08	Buy	PER42x FY17
09/07/16	phillip	Q & M	0.725	0.93	Buy	PER38.2x
10/12/16	DBS Vickers	Q & M	0.76	0.8	Not Rated
11/15/16	CIMB	Q & M	0.745	0.77	Hold	PER34.5x CY18
11/15/16	Kim Eng	Q & M	0.745	1	Buy	PER42x FY17
11/15/16	phillip	Q & M	0.745	0.89	Buy	PER38.2x
03/03/17	CIMB	Q & M	0.71	0.6	Reduce	PER28x
03/06/17	Kim Eng	Q & M	0.705	0.77	Hold	PER36x FY18
03/06/17	phillip	Q & M	0.705	0.65	Reduce	PER38.2x FY17
05/12/17	CIMB	Q & M	0.705	0.6	Reduce	PER28x CY18
05/15/17	phillip	Q & M	0.7	0.65	Reduce	PER38.2x FY17
06/05/17	Kim Eng	Q & M	0.685	0.6	Hold	PER28x FY18
08/21/17	phillip	Q & M	0.63	0.61	Neutral	PER32x
01/08/18	CIMB	Q & M	0.65	0.61	Reduce	PER28x CY19