Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/07/21	DBS Vickers	Raffles Medical	1.13	1.4	Buy	Sum of parts
06/11/21	UOB Kay Hian	Raffles Medical	1.14	1.27	Buy	DCF
07/09/21	DMG & Partners	Raffles Medical	1.17	1.35	Buy
07/13/21	CIMB	Raffles Medical	1.22	1.4	Add	Sum of parts
07/23/21	DBS Vickers	Raffles Medical	1.32	1.48	Buy	Sum of parts
07/27/21	CIMB	Raffles Medical	1.32	1.44	Hold
07/27/21	DMG & Partners	Raffles Medical	1.32	1.45	Buy	PER38x FY22
07/27/21	UOB Kay Hian	Raffles Medical	1.32	1.43	Buy	DCF
07/29/21	Kim Eng	Raffles Medical	1.34	1.58	Buy	DCF
07/29/21	phillip	Raffles Medical	1.34	1.35	Neutral	DCF
09/21/21	DMG & Partners	Raffles Medical	1.39	1.45	Buy
10/11/21	DMG & Partners	Raffles Medical	1.48	1.65	Buy	PER39x FY22
10/14/21	DBS Vickers	Raffles Medical	1.53	1.81	Buy	Sum of parts
10/14/21	Kim Eng	Raffles Medical	1.53	1.68	Buy	DCF
11/04/21	DMG & Partners	Raffles Medical	1.37	1.65	Buy	DCF
11/19/21	OCBC	Raffles Medical	1.39	1.65	Buy
12/13/21	UOB Kay Hian	Raffles Medical	1.33	1.66	Buy
02/22/22	DBS Vickers	Raffles Medical	1.3	1.63	Buy	PER40x FY22
02/22/22	Kim Eng	Raffles Medical	1.3	1.5	Buy	DCF
02/22/22	UOB Kay Hian	Raffles Medical	1.3	1.31	Hold	DCF
02/23/22	DMG & Partners	Raffles Medical	1.23	1.55	Buy	PER40x FY22
02/23/22	OCBC	Raffles Medical	1.23	1.65	Buy
02/23/22	phillip	Raffles Medical	1.23	1.27	Neutral	DCF
02/24/22	CIMB	Raffles Medical	1.21	1.33	Hold
03/03/22	Lim & Tan	Raffles Medical	1.16	1.42	Accumulate
03/30/22	UOB Kay Hian	Raffles Medical	1.17	1.34	Hold
06/20/22	DMG & Partners	Raffles Medical	1.12	1.5	Buy	DCF
07/12/22	CIMB	Raffles Medical	1.11	1.27	Add
07/25/22	DMG & Partners	Raffles Medical	1.12	1.5	Buy	DCF
08/02/22	UOB Kay Hian	Raffles Medical	1.2	1.42	Buy	PER24.5x
08/02/22	DBS Vickers	Raffles Medical	1.2	1.64	Buy	PER26x
08/02/22	Kim Eng	Raffles Medical	1.2	1.57	Buy
08/02/22	DMG & Partners	Raffles Medical	1.2	1.65	Buy	DCF
08/02/22	Lim & Tan	Raffles Medical	1.2	0	Accumulate
08/02/22	CIMB	Raffles Medical	1.2	1.5	Add
08/03/22	phillip	Raffles Medical	1.25	1.46	Buy	DCF
08/11/22	OCBC	Raffles Medical	1.33	1.5	Buy	DCF
09/01/22	DMG & Partners	Raffles Medical	1.39	1.65	Buy	DCF, PER33x FY23
10/13/22	DMG & Partners	Raffles Medical	1.26	1.6	Buy	DCF
10/21/22	DBS Vickers	Raffles Medical	1.23	1.63	Buy
10/25/22	CIMB	Raffles Medical	1.21	1.6	Add	EV/Ebitda15x FY24
11/01/22	UOB Kay Hian	Raffles Medical	1.33	1.58	Buy	PER24.2x FY23
11/01/22	DBS Vickers	Raffles Medical	1.33	1.64	Buy	PER22x FY23
11/01/22	CIMB	Raffles Medical	1.33	1.6	Add
11/02/22	DMG & Partners	Raffles Medical	1.34	1.65	Buy	DCF
11/03/22	OCBC	Raffles Medical	1.33	1.5	Buy
11/03/22	Kim Eng	Raffles Medical	1.33	1.6	Buy