SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/05/19	Kim Eng	SATS	5.36	6.1	Buy	DCF
07/15/19	UOB Kay Hian	SATS	5.37	5.05	Sell
07/19/19	UOB Kay Hian	SATS	5.32	4.8	Sell
07/19/19	DBS Vickers	SATS	5.32	5	Hold	DCF
07/19/19	CIMB	SATS	5.32	5.4	Hold	PER21.9x CY20
07/22/19	OCBC	SATS	5	5.28	Hold	FCFF
07/22/19	phillip	SATS	5	5.47	Accumulate
07/22/19	Lim & Tan	SATS	5	0	Hold
09/20/19	Kim Eng	SATS	4.78	6.1	Buy
10/15/19	UOB Kay Hian	SATS	4.82	5.3	Buy	DCF
11/13/19	UOB Kay Hian	SATS	5.09	5.3	Buy
11/14/19	DBS Vickers	SATS	4.99	5.06	Hold	DCF & PER22x FY21
11/19/19	phillip	SATS	5.07	5.36	Accumulate	DCF, PER23.3x FY19
11/19/19	OCBC	SATS	5.07	5.28	Hold
11/25/19	Kim Eng	SATS	5.06	6.1	Buy
02/04/20	UOB Kay Hian	SATS	4.49	4.8	Hold	Buy @ $4.30
02/06/20	CIMB	SATS	4.46	4.07	Reduce
02/14/20	DBS Vickers	SATS	4.54	4.46	Hold	DCF & PER22x FY21
02/17/20	phillip	SATS	4.43	4.45	Neutral	DCF, PER19x FY21
03/19/20	DBS Vickers	SATS	3.12	2.66	Fully Valued	DCF, PER15.8x FY21
03/27/20	UOB Kay Hian	SATS	3.32	3.96	Buy	PER19.4x FY22
05/04/20	UOB Kay Hian	SATS	3.28	3.3	Hold	Buy @ $2.80-2.90
05/06/20	DBS Vickers	SATS	2.98	2.64	Fully Valued	DCF & PER25x FY22
06/01/20	DBS Vickers	SATS	2.66	2.64	Hold	DCF & PER25x
07/13/20	phillip	SATS	2.88	1.95	Sell	PB1.35x
07/13/20	UOB Kay Hian	SATS	2.88	2.93	Hold	EV/Invested capital basis
07/13/20	Lim & Tan	SATS	2.88	0	Avoid
07/14/20	DBS Vickers	SATS	2.78	2.83	Hold	DCF & PER25x FY22
07/14/20	OCBC	SATS	2.78	2.76	Hold
07/14/20	CIMB	SATS	2.78	2.8	Reduce
08/25/20	CIMB	SATS	3.08	3	Hold	PB2.1x FY21
08/25/20	phillip	SATS	3.08	1.95	Sell	PB1.35x
08/25/20	UOB Kay Hian	SATS	3.08	2.67	Sell
08/25/20	Lim & Tan	SATS	3.08	0	Avoid