Singapore Post - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	UOB Kay Hian	Singapore Post	1.64	2.18	Buy
01/11/16	CIMB	Singapore Post	1.525	2.04	Add	DCF
01/20/16	UOB Kay Hian	Singapore Post	1.52	2.23	Buy	DCF
02/05/16	CIMB	Singapore Post	1.345	1.89	Add	DCF
02/05/16	OCBC	Singapore Post	1.345	1.37	Hold
02/05/16	UOB Kay Hian	Singapore Post	1.345	2.22	Buy	DCF
02/25/16	Lim & Tan	Singapore Post	1.445	0	Hold
03/11/16	CIMB	Singapore Post	1.6	1.89	Add	DCF
03/11/16	UBS	Singapore Post	1.6	1.7	Neutral
03/28/16	UOB Kay Hian	Singapore Post	1.65	2.22	Buy
04/04/16	OCBC	Singapore Post	1.61	1.37	Hold
04/05/16	Macquarie	Singapore Post	1.63	2.15	Outperform
04/05/16	UOB Kay Hian	Singapore Post	1.63	2.23	Buy	DCF
05/11/16	CIMB	Singapore Post	1.585	1.76	Add	DCF
05/11/16	OCBC	Singapore Post	1.585	1.56	Hold	DCF
05/11/16	UOB Kay Hian	Singapore Post	1.585	2.25	Buy	DCF
05/17/16	Macquarie	Singapore Post	1.57	2.15	Outperform
06/14/16	Kim Eng	Singapore Post	1.57	1.29	Sell	DCF, PER18x FY17
07/04/16	Deutsche	Singapore Post	1.495	1.85	Buy	Sum of parts (10% discount)
07/05/16	Lim & Tan	Singapore Post	1.53	0	Hold
07/07/16	CIMB	Singapore Post	1.53	1.49	Hold	DCF
07/15/16	Kim Eng	Singapore Post	1.57	1.29	Sell	DCF
07/25/16	UOB Kay Hian	Singapore Post	1.49	1.64	Hold	DCF, Buy @ $1.40
08/05/16	CIMB	Singapore Post	1.43	1.49	Hold	DCF
08/05/16	Kim Eng	Singapore Post	1.43	1.29	Sell	DCF
08/05/16	Lim & Tan	Singapore Post	1.43	0	Sell
08/05/16	UBS	Singapore Post	1.43	1.53	Neutral
08/05/16	UOB Kay Hian	Singapore Post	1.43	1.53	Hold	DCF, Buy @ $1.38
08/08/16	OCBC	Singapore Post	1.43	1.42	Hold
08/25/16	Macquarie	Singapore Post	1.375	1.75	Outperform	Sum of parts
09/16/16	UOB Kay Hian	Singapore Post	1.4	1.53	Hold
09/20/16	Kim Eng	Singapore Post	1.43	1.77	Buy
10/04/16	UOB Kay Hian	Singapore Post	1.47	1.77	Buy	Sum of parts
10/07/16	Nomura	Singapore Post	1.52	2.11	Buy
10/11/16	Kim Eng	Singapore Post	1.52	1.77	Buy	DCF
10/12/16	CIMB	Singapore Post	1.54	1.49	Hold	DCF
10/28/16	CIMB	Singapore Post	1.52	1.76	Add	DCF
10/28/16	Lim & Tan	Singapore Post	1.52	0	Buy
10/28/16	OCBC	Singapore Post	1.52	1.42	Hold
11/02/16	Kim Eng	Singapore Post	1.615	1.77	Buy	DCF
11/07/16	CIMB	Singapore Post	1.65	1.76	Add	DCF
11/07/16	Kim Eng	Singapore Post	1.65	1.75	Hold	DCF
11/07/16	OCBC	Singapore Post	1.65	1.47	Hold
11/07/16	UOB Kay Hian	Singapore Post	1.65	1.76	Hold	Sum of parts, Buy @ $1.55
12/06/16	CIMB	Singapore Post	1.47	1.76	Add	DCF
12/07/16	Deutsche	Singapore Post	1.465	1.85	Buy
12/30/16	UOB Kay Hian	Singapore Post	1.47	1.76	Hold	Sum of parts
01/11/17	Deutsche	Singapore Post	1.525	1.7	Buy	Sum of parts
02/10/17	CIMB	Singapore Post	1.475	1.76	Add	DCF
02/13/17	CIMB	Singapore Post	1.47	1.62	Add	DCF, PER21x
02/13/17	Kim Eng	Singapore Post	1.47	1.34	Hold
02/13/17	Lim & Tan	Singapore Post	1.47	0	Neutral
02/13/17	OCBC	Singapore Post	1.47	1.42	Hold
02/13/17	UOB Kay Hian	Singapore Post	1.47	1.46	Hold	Sum of parts, Buy @ $1.30
02/15/17	DBS Vickers	Singapore Post	1.375	1.31	Hold	DCF
03/07/17	OCBC	Singapore Post	1.38	1.39	Hold
03/16/17	UOB Kay Hian	Singapore Post	1.335	1.46	Hold	Sum of parts, Buy @ $1.30
03/24/17	Kim Eng	Singapore Post	1.325	1.34	Hold	DCF
04/20/17	OCBC	Singapore Post	1.365	1.39	Hold
05/09/17	UOB Kay Hian	Singapore Post	1.4	1.46	Hold	Sum of parts, Buy @ $1.30
05/15/17	CIMB	Singapore Post	1.39	1.42	Hold	DCF
05/15/17	OCBC	Singapore Post	1.39	1.2	Sell
05/15/17	UOB Kay Hian	Singapore Post	1.39	1.37	Hold	Sum of parts, Buy @ $1.25
05/16/17	DBS Vickers	Singapore Post	1.34	1.26	Hold	DCF
05/18/17	Lim & Tan	Singapore Post	1.31	0	Hold
06/15/17	OCBC	Singapore Post	1.28	1.2	Hold
07/18/17	UOB Kay Hian	Singapore Post	1.37	1.37	Hold	Buy @ $1.25
07/26/17	DBS Vickers	Singapore Post	1.335	1.26	Hold	DCF
08/07/17	OCBC	Singapore Post	1.32	1.22	Hold	DCF
08/07/17	UOB Kay Hian	Singapore Post	1.32	1.37	Hold	Sum of parts, Buy @ $1.25
08/07/17	CIMB	Singapore Post	1.32	1.35	Hold	DCF
08/07/17	Kim Eng	Singapore Post	1.32	1.22	Hold	DCF
08/07/17	DBS Vickers	Singapore Post	1.32	1.26	Hold	DCF
09/14/17	OCBC	Singapore Post	1.25	1.22	Hold
10/11/17	Kim Eng	Singapore Post	1.275	1.22	Hold	DCF
10/11/17	DBS Vickers	Singapore Post	1.275	1.26	Hold	DCF
11/15/17	Lim & Tan	Singapore Post	1.3	0	Hold
11/16/17	DBS Vickers	Singapore Post	1.28	1.23	Hold	DCF
11/16/17	Kim Eng	Singapore Post	1.28	1.5	Buy	DCF
11/16/17	UOB Kay Hian	Singapore Post	1.28	1.34	Hold	Sum of parts, Buy @ $1.20
11/16/17	CIMB	Singapore Post	1.28	1.28	Hold	DCF
11/16/17	OCBC	Singapore Post	1.28	1.26	Hold
11/20/17	Macquarie	Singapore Post	1.29	0	Underperform
12/04/17	DBS Vickers	Singapore Post	1.28	1.23	Hold
01/10/18	OCBC	Singapore Post	1.23	1.26	Hold
02/02/18	OCBC	Singapore Post	1.3	1.26	Hold
02/05/18	CIMB	Singapore Post	1.38	1.58	Add	DCF
02/05/18	UOB Kay Hian	Singapore Post	1.38	1.62	Buy	Sum of parts
02/05/18	Kim Eng	Singapore Post	1.38	1.5	Buy	DCF
02/05/18	DBS Vickers	Singapore Post	1.38	1.61	Buy	DCF
03/06/18	DBS Vickers	Singapore Post	1.33	1.61	Buy