| Date | Analyst | Company | Last | Target | Call | Valuation |
| 04/11/19 | CIMB | First Reit | 0.99 | 1.2 | Add | DDM |
| 08/13/19 | CIMB | First Reit | 1.06 | 1.23 | Add | |
| 11/07/19 | CIMB | First Reit | 1.05 | 1.2 | Add | DDM |
| 01/30/20 | Lim & Tan | First Reit | 0.995 | 0 | Buy on weakness | |
| 01/31/20 | CIMB | First Reit | 1.02 | 1.15 | Add | DDM |
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