First Resources - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/09/19	CIMB	First Resources	1.79	2.12	Add
04/22/19	UOB Kay Hian	First Resources	1.85	1.85	Hold
05/06/19	Kim Eng	First Resources	1.82	2.03	Buy	PER17x FY19
05/09/19	UOB Kay Hian	First Resources	1.79	1.85	Hold	PER13x FY19, Buy @ $1.65
05/16/19	DMG & Partners	First Resources	1.7	1.53	Neutral	PER13x FY20
05/16/19	Kim Eng	First Resources	1.7	1.93	Buy	PER17x
05/16/19	DBS Vickers	First Resources	1.7	1.95	Buy	DCF, PER16.5x FY19
05/16/19	UOB Kay Hian	First Resources	1.7	1.7	Hold	Buy @ $1.50
06/06/19	DMG & Partners	First Resources	1.56	1.53	Neutral
07/02/19	Kim Eng	First Resources	1.6	1.93	Buy
07/16/19	DBS Vickers	First Resources	1.55	1.82	Buy	DCF
08/06/19	UOB Kay Hian	First Resources	1.53	1.6	Hold	Buy @ $1.45
08/15/19	Kim Eng	First Resources	1.57	1.8	Buy	PER17x FY20
08/15/19	DMG & Partners	First Resources	1.57	1.45	Neutral	PER14x FY20
08/15/19	CIMB	First Resources	1.57	1.76	Add
08/21/19	UOB Kay Hian	First Resources	1.5	1.6	Hold	Buy @ $1.45
08/21/19	DBS Vickers	First Resources	1.5	1.8	Buy	DCF
09/30/19	DMG & Partners	First Resources	1.6	1.9	Buy	PER18x FY20
11/07/19	UOB Kay Hian	First Resources	1.73	1.9	Buy	PER15x FY20
11/12/19	DMG & Partners	First Resources	1.73	1.95	Buy	PER18x FY20
11/13/19	Kim Eng	First Resources	1.78	1.86	Hold	PER18x FY20
11/13/19	UOB Kay Hian	First Resources	1.78	1.85	Buy
11/13/19	DBS Vickers	First Resources	1.78	1.95	Buy	DCF
12/10/19	DBS Vickers	First Resources	1.83	2.1	Buy	DCF
01/20/20	DMG & Partners	First Resources	1.77	2.3	Buy	PER18x FY20
02/06/20	UOB Kay Hian	First Resources	1.78	2.1	Buy
02/26/20	DMG & Partners	First Resources	1.66	2	Buy	PER17x FY20
02/28/20	DBS Vickers	First Resources	1.63	1.99	Buy	DCF
02/28/20	Kim Eng	First Resources	1.63	1.85	Buy	PER18x FY20
03/24/20	DMG & Partners	First Resources	1.04	1.2	Buy	Sum of parts, PER12x FY20
04/13/20	DBS Vickers	First Resources	1.27	1.99	Buy