Ascott Residence Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/22	UOB Kay Hian	ART	1.04	1.29	Buy	DDM
01/07/22	CIMB	ART	1.03	1.22	Add
01/31/22	Kim Eng	ART	1.01	1.3	Buy	DDM
02/03/22	UOB Kay Hian	ART	1.02	1.29	Buy	DDM
02/11/22	Phillip	ART	1.06	1.22	Accumulate	DDM
03/03/22	OCBC	ART	1.04	1.22	Buy
03/03/22	CIMB	ART	1.04	1.21	Add
03/09/22	DBS Vickers	ART	1.03	1.3	Buy
03/09/22	Lim & Tan	ART	1.03	1.17	Buy
03/17/22	UOB Kay Hian	ART	1.03	1.29	Buy
04/05/22	Phillip	ART	1.12	1.23	Accumulate
04/05/22	UOB Kay Hian	ART	1.12	1.29	Buy	DDM
05/03/22	DBS Vickers	ART	1.16	1.3	Buy
05/04/22	Phillip	ART	1.16	1.24	Accumulate	DDM
05/05/22	UOB Kay Hian	ART	1.16	1.32	Buy	DDM
05/05/22	DBS Vickers	ART	1.16	1.4	Buy	DCF, PB1.18x
05/06/22	CIMB	ART	1.16	1.24	Add
05/06/22	OCBC	ART	1.16	1.3	Buy
06/01/22	UOB Kay Hian	ART	1.16	1.32	Buy	DDM
06/03/22	UOB Kay Hian	ART	1.15	1.25	Buy
06/14/22	DBS Vickers	ART	1.16	1.4	Buy
06/29/22	UOB Kay Hian	ART	1.15	1.33	Buy	DDM
07/01/22	UOB Kay Hian	ART	1.14	1.31	Buy
08/01/22	Kim Eng	ART	1.17	1.4	Buy	DDM
08/02/22	UOB Kay Hian	ART	1.16	1.35	Buy	DDM
08/02/22	OCBC	ART	1.16	1.29	Buy
08/05/22	DBS Vickers	ART	1.17	1.4	Buy
08/15/22	Lim & Tan	ART	1.18	1.24	Hold
08/17/22	CIMB	ART	1.14	1.25	Add
08/19/22	Phillip	ART	1.15	1.24	Accumulate	DDM
09/20/22	OCBC	ART	1.08	1.29	Buy
09/26/22	UOB Kay Hian	ART	1.09	1.36	Buy	DDM
09/27/22	UOB Kay Hian	ART	1.05	1.29	Buy
10/03/22	UOB Kay Hian	ART	0.98	1.29	Buy	DDM
10/04/22	Phillip	ART	0.965	1.24	Accumulate
10/13/22	UOB Kay Hian	ART	0.935	1.27	Buy
10/25/22	Credit Suisse	ART	0.875	0.97	Buy
11/01/22	Phillip	ART	0.955	1.13	Buy	DDM
11/02/22	UOB Kay Hian	ART	0.96	1.27	Buy	DDM
11/02/22	DBS Vickers	ART	0.96	1.3	Buy
11/30/22	OCBC	ART	0.945	1.2	Buy
12/06/22	Kim Eng	ART	0.975	1.4	Buy
12/15/22	DBS Vickers	ART	1.01	1.31	Buy
01/03/23	UOB Kay Hian	ART	1.05	1.27	Buy
01/05/23	Phillip	ART	1.05	1.13	Buy
01/09/23	UOB Kay Hian	ART	1.03	1.37	Buy
01/18/23	DBS Vickers	ART	1.09	1.3	Buy
01/20/23	CIMB	ART	1.08	1.25	Add
01/31/23	CIMB	ART	1.1	1.27	Add	DDM
02/03/23	UOB Kay Hian	ART	1.12	1.39	Buy	DDM
02/09/23	Phillip	ART	1.1	1.26	Buy	DDM
02/10/23	Kim Eng	ART	1.09	1.25	Buy	DDM