Suntec Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	UOB Kay Hian	Suntec Reit	1.555	1.81	Buy
01/08/16	DBS Vickers	Suntec Reit	1.56	1.58	Hold
01/14/16	Kim Eng	Suntec Reit	1.55	1.33	Sell	Yield 7.25% FY16
01/26/16	Deutsche	Suntec Reit	1.52	1.45	Sell
01/27/16	CIMB	Suntec Reit	1.51	1.66	Hold	DDM
01/27/16	Credit Suisse	Suntec Reit	1.51	1.36	Underperform
01/27/16	DMG & Partners	Suntec Reit	1.51	1.31	Sell	DDM, PB0.61x FY15
01/27/16	Kim Eng	Suntec Reit	1.51	1.4	Sell	Yield 7.25% FY16
01/27/16	OCBC	Suntec Reit	1.51	1.51	Hold
01/28/16	DIR	Suntec Reit	1.53	1.48	Hold	DDM
02/02/16	DIR	Suntec Reit	1.53	1.47	Hold	DDM
02/25/16	Deutsche	Suntec Reit	1.65	1.45	Sell
02/25/16	JP Morgan	Suntec Reit	1.65	1.35	Underweight	Cut from $1.45
03/07/16	CIMB	Suntec Reit	1.71	1.66	Hold
03/14/16	DIR	Suntec Reit	1.67	1.49	Underperform	DDM
03/17/16	DMG & Partners	Suntec Reit	1.675	1.31	Sell
03/24/16	Deutsche	Suntec Reit	1.69	1.45	Sell
03/30/16	UOB Kay Hian	Suntec Reit	1.675	1.81	Buy
04/05/16	Deutsche	Suntec Reit	1.665	1.45	Sell
04/13/16	Kim Eng	Suntec Reit	1.665	1.56	Hold	Yield 6.5%
04/22/16	CIMB	Suntec Reit	1.745	1.67	Hold	DDM
04/22/16	DBS Vickers	Suntec Reit	1.745	1.58	Hold
04/22/16	DIR	Suntec Reit	1.745	1.51	Underperform	DDM
04/22/16	DMG & Partners	Suntec Reit	1.745	1.31	Sell	DDM
04/22/16	Lim & Tan	Suntec Reit	1.745	0	Hold
04/22/16	OCBC	Suntec Reit	1.745	1.51	Sell
04/27/16	UOB Kay Hian	Suntec Reit	1.7	1.81	Buy
05/17/16	Deutsche	Suntec Reit	1.64	1.45	Sell
05/17/16	Kim Eng	Suntec Reit	1.64	1.56	Hold
06/07/16	Credit Suisse	Suntec Reit	1.675	1.36	Underperform
06/23/16	JP Morgan	Suntec Reit	1.68	1.5	Underweight
06/23/16	Kim Eng	Suntec Reit	1.68	1.56	Hold
07/04/16	DMG & Partners	Suntec Reit	1.78	1.31	Sell
07/18/16	UOB Kay Hian	Suntec Reit	1.795	1.94	Hold
07/19/16	Credit Suisse	Suntec Reit	1.795	1.43	Underperform
07/22/16	CIMB	Suntec Reit	1.785	1.67	Reduce	DDM
07/22/16	DBS Vickers	Suntec Reit	1.785	1.7	Hold
07/22/16	DIR	Suntec Reit	1.785	1.53	Underperform	DDM
07/22/16	DMG & Partners	Suntec Reit	1.785	1.5	Sell
07/22/16	JP Morgan	Suntec Reit	1.785	1.6	Underweight
07/22/16	Kim Eng	Suntec Reit	1.785	1.69	Hold
07/22/16	OCBC	Suntec Reit	1.785	1.54	Sell
07/22/16	Religare	Suntec Reit	1.785	1.66	Hold
07/26/16	Deutsche	Suntec Reit	1.73	1.45	Sell
08/01/16	UOB Kay Hian	Suntec Reit	1.67	1.9	Hold	DDM
08/08/16	Deutsche	Suntec Reit	1.69	1.55	Sell
08/08/16	OCBC	Suntec Reit	1.69	1.54	Sell
08/10/16	CIMB	Suntec Reit	1.7	1.68	Hold	DDM
08/10/16	DBS Vickers	Suntec Reit	1.7	1.71	Hold
08/10/16	DMG & Partners	Suntec Reit	1.7	1.53	Neutral	DDM
08/30/16	DIR	Suntec Reit	1.68	1.54	Underperform	DDM
09/05/16	DBS Vickers	Suntec Reit	1.7	1.71	Hold
09/07/16	Credit Suisse	Suntec Reit	1.755	1.43	Underperform
09/09/16	Kim Eng	Suntec Reit	1.77	1.81	Hold
10/14/16	DIR	Suntec Reit	1.715	1.54	Underperform	DDM
10/21/16	CIMB	Suntec Reit	1.73	1.68	Hold	DDM
10/21/16	Credit Suisse	Suntec Reit	1.73	1.43	Underperform
10/21/16	DBS Vickers	Suntec Reit	1.73	1.71	Hold	DCF
10/21/16	Kim Eng	Suntec Reit	1.73	1.77	Hold	Yield 5.5%
10/21/16	OCBC	Suntec Reit	1.73	1.53	Sell
10/21/16	UOB Kay Hian	Suntec Reit	1.73	1.9	Hold	DDM
11/09/16	DBS Vickers	Suntec Reit	1.67	1.71	Hold
11/16/16	Deutsche	Suntec Reit	1.59	1.55	Sell
11/16/16	JP Morgan	Suntec Reit	1.59	1.55	Underweight
12/05/16	DMG & Partners	Suntec Reit	1.67	1.53	Neutral
12/06/16	Kim Eng	Suntec Reit	1.685	1.77	Hold
12/07/16	Deutsche	Suntec Reit	1.7	1.55	Sell
12/09/16	UOB Kay Hian	Suntec Reit	1.715	1.8	Hold
01/09/17	DBS Vickers	Suntec Reit	1.68	1.71	Hold	DCF
01/11/17	Kim Eng	Suntec Reit	1.72	1.77	Hold
01/25/17	OCBC	Suntec Reit	1.685	1.53	Sell
01/26/17	CIMB	Suntec Reit	1.695	1.55	Reduce	DDM
01/26/17	Credit Suisse	Suntec Reit	1.695	1.46	Underperform
01/26/17	DBS Vickers	Suntec Reit	1.695	1.75	Hold	DCF
01/26/17	DIR	Suntec Reit	1.695	1.46	Underperform	DDM
01/26/17	DMG & Partners	Suntec Reit	1.695	1.53	Neutral	DDM
01/26/17	OCBC	Suntec Reit	1.695	1.54	Hold	DDM
01/26/17	UOB Kay Hian	Suntec Reit	1.695	1.8	Hold	DDM
02/09/17	Credit Suisse	Suntec Reit	1.73	1.43	Underperform
02/17/17	JP Morgan	Suntec Reit	1.725	1.85	Neutral
02/28/17	Deutsche	Suntec Reit	1.71	1.6	Sell
03/07/17	UOB Kay Hian	Suntec Reit	1.74	1.8	Hold
03/10/17	DMG & Partners	Suntec Reit	1.73	1.53	Neutral
04/07/17	DMG & Partners	Suntec Reit	1.79	1.53	Neutral
04/11/17	UOB Kay Hian	Suntec Reit	1.79	1.8	Hold	DDM
04/18/17	DIR	Suntec Reit	1.75	1.46	Underperform
04/18/17	Kim Eng	Suntec Reit	1.75	1.76	Hold
04/27/17	DIR	Suntec Reit	1.755	1.5	Underperform	DDM
04/27/17	OCBC	Suntec Reit	1.755	1.68	Hold
05/25/17	Deutsche	Suntec Reit	1.8	1.7	Hold
05/25/17	UOB Kay Hian	Suntec Reit	1.8	1.9	Hold
06/22/17	Deutsche	Suntec Reit	1.84	1.7	Hold
07/11/17	Kim Eng	Suntec Reit	1.87	1.76	Hold
07/12/17	DMG & Partners	Suntec Reit	1.86	1.53	Neutral
07/26/17	UOB Kay Hian	Suntec Reit	1.93	1.9	Hold	DDM
07/27/17	CIMB	Suntec Reit	1.92	1.77	Reduce	DDM
07/27/17	DIR	Suntec Reit	1.92	1.63	Underperform	DDM
07/27/17	UOB Kay Hian	Suntec Reit	1.92	1.95	Hold	DDM
07/27/17	DMG & Partners	Suntec Reit	1.92	1.75	Neutral	DDM
07/27/17	OCBC	Suntec Reit	1.92	1.8	Hold
07/27/17	Kim Eng	Suntec Reit	1.92	1.8	Hold	Yield 5.5%
07/27/17	Religare	Suntec Reit	1.92	1.66	Hold
08/17/17	DBS Vickers	Suntec Reit	1.895	1.95	Hold	DCF
09/21/17	DMG & Partners	Suntec Reit	1.875	1.75	Neutral
09/25/17	Kim Eng	Suntec Reit	1.855	1.8	Hold
10/23/17	UOB Kay Hian	Suntec Reit	1.91	1.95	Hold
10/27/17	OCBC	Suntec Reit	1.93	1.8	Hold
10/30/17	UOB Kay Hian	Suntec Reit	1.93	2.05	Hold	DDM
10/30/17	CIMB	Suntec Reit	1.93	1.83	Reduce	DDM
10/30/17	DBS Vickers	Suntec Reit	1.93	1.95	Hold
11/20/17	DIR	Suntec Reit	1.97	1.63	Underperform	DDM
12/01/17	UOB Kay Hian	Suntec Reit	2.04	2.13	Hold
12/15/17	DBS Vickers	Suntec Reit	2.07	2.3	Buy	DCF
12/18/17	Kim Eng	Suntec Reit	2.12	1.89	Hold	Target yield 5.25%, Up from $1.84
01/04/18	Deutsche	Suntec Reit	2.14	2.05	Hold
01/05/18	DMG & Partners	Suntec Reit	2.17	1.75	Neutral
01/25/18	CIMB	Suntec Reit	2.15	2.17	Hold	DDM
01/25/18	DBS Vickers	Suntec Reit	2.15	2.3	Buy	DCF
01/25/18	OCBC	Suntec Reit	2.15	1.81	Sell
01/25/18	Kim Eng	Suntec Reit	2.15	1.91	Hold
01/26/18	UOB Kay Hian	Suntec Reit	2.14	2.13	Hold	DDM
02/20/18	DBS Vickers	Suntec Reit	1.97	2.3	Buy