Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/18/20	UOB Kay Hian	Japfa	0.635	0.98	Buy	Sum of parts
05/18/20	DBS Vickers	Japfa	0.635	0.86	Buy	Sum of parts, PER10x FY21
06/30/20	DBS Vickers	Japfa	0.67	0.82	Buy	Sum of parts, PER10.5x FY21
08/03/20	UOB Kay Hian	Japfa	0.66	0.98	Buy	Sum of parts
08/03/20	DBS Vickers	Japfa	0.66	0.82	Buy	Sum of parts
08/03/20	CIMB	Japfa	0.66	0.96	Add
10/13/20	CIMB	Japfa	0.65	0.96	Add
11/02/20	UOB Kay Hian	Japfa	0.645	0.98	Buy	Sum of parts
11/02/20	DBS Vickers	Japfa	0.645	1.03	Buy	sum of parts, PER11.3x FY21
12/08/20	UOB Kay Hian	Japfa	0.805	1	Buy	Sum of parts
12/08/20	DBS Vickers	Japfa	0.805	1.03	Buy	sum of parts, PER11.3x FY21
12/10/20	CIMB	Japfa	0.825	1	Add
03/02/21	CIMB	Japfa	0.935	1.18	Add
03/03/21	UOB Kay Hian	Japfa	0.94	1.17	Buy	Sum of parts, PER8.2x FY20
04/08/21	CIMB	Japfa	0.9	1.18	Add
05/03/21	CIMB	Japfa	0.915	1.22	Add
05/03/21	UOB Kay Hian	Japfa	0.915	1.17	Buy
07/02/21	CIMB	Japfa	0.82	1.22	Add	PER11.5x FY22