Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/20	DBS Vickers	Thai Beverage	0.895	1.04	Buy
01/28/20	UOB Kay Hian	Thai Beverage	0.795	0.9	Hold	Sum of parts, Buy @ $0.75
02/17/20	Phillip	Thai Beverage	0.785	0.95	Buy	Sum of parts
02/17/20	DMG & Partners	Thai Beverage	0.785	0.92	Buy	Sum of parts
02/17/20	UOB Kay Hian	Thai Beverage	0.785	0.9	Hold	Buy @ $0.75
02/17/20	CIMB	Thai Beverage	0.785	0.9	Add	Sum of parts
02/20/20	Amfrasers	Thai Beverage	0.845	0.96	Outperform	Sum of parts
03/10/20	Amfrasers	Thai Beverage	0.755	0.96	Outperform
04/16/20	DMG & Partners	Thai Beverage	0.675	0.79	Buy	Sum of parts
04/16/20	OCBC	Thai Beverage	0.675	0.9	Buy
04/20/20	CIMB	Thai Beverage	0.695	0.7	Hold
05/15/20	DBS Vickers	Thai Beverage	0.665	0.9	Buy	Sum of parts
05/18/20	Phillip	Thai Beverage	0.67	0.8	Buy	PER18x FY20
05/18/20	DMG & Partners	Thai Beverage	0.67	0.72	Neutral	Sum of parts
05/18/20	UOB Kay Hian	Thai Beverage	0.67	0.78	Buy
05/18/20	CIMB	Thai Beverage	0.67	0.7	Hold	Sum of parts
05/20/20	OCBC	Thai Beverage	0.66	0.71	Hold
07/03/20	DBS Vickers	Thai Beverage	0.675	0.9	Buy
08/07/20	DBS Vickers	Thai Beverage	0.63	0.9	Buy
08/17/20	DMG & Partners	Thai Beverage	0.605	0.72	Buy	Sum of parts
08/17/20	CIMB	Thai Beverage	0.605	0.7	Hold
08/17/20	Amfrasers	Thai Beverage	0.605	0.93	Outperform
08/18/20	Phillip	Thai Beverage	0.635	0.82	Buy	PER18x FY21
08/18/20	UOB Kay Hian	Thai Beverage	0.635	0.78	Buy	Sum of parts
09/24/20	CIMB	Thai Beverage	0.59	0.7	Add	Sum of parts, PER16.7x CY21
09/28/20	UOB Kay Hian	Thai Beverage	0.585	0.78	Buy	Sum of parts
10/05/20	Phillip	Thai Beverage	0.595	0.82	Buy
10/13/20	DBS Vickers	Thai Beverage	0.585	0.9	Buy	DCF
11/26/20	DBS Vickers	Thai Beverage	0.72	0.93	Buy	Sum of parts
11/27/20	UOB Kay Hian	Thai Beverage	0.745	0.85	Buy	Sum of parts
11/27/20	CIMB	Thai Beverage	0.745	0.87	Add
11/27/20	DMG & Partners	Thai Beverage	0.745	0.82	Buy
11/30/20	Phillip	Thai Beverage	0.75	0.86	Buy	PER18x FY21
12/08/20	OCBC	Thai Beverage	0.73	0.89	Buy
01/04/21	DBS Vickers	Thai Beverage	0.74	0.93	Buy
01/05/21	Phillip	Thai Beverage	0.73	0.86	Buy
01/18/21	UOB Kay Hian	Thai Beverage	0.775	0.85	Buy	Sum of parts
02/08/21	CIMB	Thai Beverage	0.82	0.872	Add	Sum of parts
02/15/21	Phillip	Thai Beverage	0.785	0.86	Accumulate	PER18x FY21
02/15/21	UOB Kay Hian	Thai Beverage	0.785	0.95	Buy	Sum of parts
02/15/21	DMG & Partners	Thai Beverage	0.785	0.94	Buy