Dairy Farm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
07/03/20	CIMB	Dairy Farm	4.15	4.63	Hold	PER20x CY21, Buy @ $3.80
07/30/20	DMG & Partners	Dairy Farm	4.15	4.47	Neutral	DCF
07/30/20	DBS Vickers	Dairy Farm	4.15	4.86	Buy	Sum of parts
08/19/20	Macquarie	Dairy Farm	4.21	5.7	Outperform	DCF
08/28/20	DMG & Partners	Dairy Farm	4.27	4.47	Neutral
09/10/20	CIMB	Dairy Farm	3.85	4.5	Add	PER20x FY21
10/22/20	DMG & Partners	Dairy Farm	3.78	4.47	Buy
10/26/20	DBS Vickers	Dairy Farm	3.76	4.44	Buy
12/02/20	CIMB	Dairy Farm	4.1	4.5	Add