Uni-Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/16	NRA	Uni-Asia	1.12	1.495	Overweight	PB0.353x FY15
03/08/16	NRA	Uni-Asia	1.165	1.495	Overweight	PB0.36x FY16
07/01/16	NRA	Uni-Asia	1.16	1.615	Overweight	PB0.4x
06/19/17	Amfrasers	Uni-Asia	1.165	1.92	Buy	Sum of parts, PB0.5x FY17, PER8.2x FY17
06/21/17	NRA	Uni-Asia	1.35	1.85	Overweight	PB0.5x
08/15/17	NRA	Uni-Asia	1355	1.86	Overweight	PB0.5x
08/22/17	Amfrasers	Uni-Asia	1.37	1.92	Buy	Sum of parts, PB0.5x FY17, PER8.2x FY17
12/18/17	Amfrasers	Uni-Asia	1.23	1.85	Buy	Sum of parts, PB0.5x FY17, PER8.2x FY17
03/16/18	Amfrasers	Uni-Asia	1.45	1.81	Buy	Sum of parts, PB0.5x FY18, PER10x FY18