Dairy Farm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/02/19	DMG & Partners	Dairy Farm	7.29	8.25	Neutral
08/02/19	DBS Vickers	Dairy Farm	7.38	7.99	Hold	Sum of parts
08/05/19	DMG & Partners	Dairy Farm	7.6	7.38	Neutral	DCF
08/13/19	CIMB	Dairy Farm	6.98	7.29	Hold	PER23x CY20
09/23/19	DMG & Partners	Dairy Farm	6.65	6.63	Neutral	DCF
11/29/19	CIMB	Dairy Farm	5.93	5.4	Reduce	PER22x CY20
12/11/19	DMG & Partners	Dairy Farm	5.9	6.63	Neutral
03/06/20	DMG & Partners	Dairy Farm	4.75	5.05	Hold	DCF
03/06/20	DBS Vickers	Dairy Farm	4.75	5.2	Buy	Sum of parts
03/06/20	CIMB	Dairy Farm	4.75	4.38	Reduce	PER17x FY20
03/25/20	DBS Vickers	Dairy Farm	3.96	4.7	Buy	Sum of parts
03/27/20	HSBC	Dairy Farm	4.31	5.05	Hold
04/06/20	DBS Vickers	Dairy Farm	4.31	4.7	Buy
04/09/20	DMG & Partners	Dairy Farm	4.89	4.95	Neutral	DCF
04/15/20	DBS Vickers	Dairy Farm	4.83	5.59	Buy
04/29/20	DBS Vickers	Dairy Farm	4.75	5.1	Buy	Sum of parts
05/28/20	Macquarie	Dairy Farm	4.26	5.8	Outperform
06/08/20	DMG & Partners	Dairy Farm	4.75	4.95	Neutral
06/10/20	CIMB	Dairy Farm	5	5.45	Hold	PER20x CY21
07/03/20	DBS Vickers	Dairy Farm	4.66	5.1	Buy