SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/24/22	DBS Vickers	SATS	4.18	4.9	Buy
02/25/22	CIMB	SATS	3.97	4.34	Hold
02/25/22	Citi Research	SATS	3.97	4.6	Buy
03/11/22	CIMB	SATS	3.9	4.77	Add	DCF
03/28/22	DBS Vickers	SATS	4.24	4.9	Buy
03/29/22	UOB Kay Hian	SATS	4.38	4.65	Buy	DCF
03/29/22	OCBC	SATS	4.38	4.94	Buy
04/25/22	UOB Kay Hian	SATS	4.47	4.85	Buy
05/31/22	DBS Vickers	SATS	4.54	4.9	Buy	PER35x FY23
05/31/22	Lim & Tan	SATS	4.54	4.86	Accumulate on weakness
06/01/22	UOB Kay Hian	SATS	4.38	4.75	Buy	DCF
06/01/22	DBS Vickers	SATS	4.38	4.5	Hold	PER30x FY23/24
06/21/22	UOB Kay Hian	SATS	3.97	4.2	Buy	DCF
07/13/22	Citi Research	SATS	4.03	4.7	Buy
07/25/22	UOB Kay Hian	SATS	3.99	4.2	Buy	DCF
07/25/22	DBS Vickers	SATS	3.99	4.3	Hold	DCF
07/25/22	CIMB	SATS	3.99	4.47	Add	DCF
07/25/22	Lim & Tan	SATS	3.99	4.64	Accumulate
07/26/22	Citi Research	SATS	3.94	4.7	Buy
07/26/22	OCBC	SATS	3.94	4.72	Buy
09/22/22	Lim & Tan	SATS	4.09	4.49	Buy
09/29/22	UOB Kay Hian	SATS	3.87	3.82	Hold	DCF
10/05/22	CIMB	SATS	2.99	3.45	Add
10/19/22	UOB Kay Hian	SATS	2.72	3.08	Buy	Sum of parts
11/10/22	UOB Kay Hian	SATS	2.72	3.08	Buy	Sum of parts
11/10/22	CIMB	SATS	2.72	3.45	Add
11/17/22	OCBC	SATS	2.7	3.26	Buy
11/21/22	phillip	SATS	2.69	3.02	Accumulate	PER18.5x FY24
12/05/22	CIMB	SATS	2.67	3.17	Add
12/07/22	phillip	SATS	2.94	3.08	Neutral	PER18.5x FY24
01/06/23	UOB Kay Hian	SATS	2.83	3.1	Buy
01/16/23	CIMB	SATS	2.89	3.21	Add
01/19/23	Lim & Tan	SATS	2.94	3.57	Buy
01/25/23	UOB Kay Hian	SATS	2.93	3.28	Buy	EV/Ebitda9.7x FY25
02/14/23	UOB Kay Hian	SATS	3	3.28	Buy	EV/Ebitda9.7x FY25
02/14/23	CIMB	SATS	3	3.21	Add	DCF
02/23/23	CIMB	SATS	2.72	3.1	Add	DCF
02/24/23	phillip	SATS	2.8	2.92	Neutral	PER20x FY24
03/13/23	UOB Kay Hian	SATS	2.42	3.02	Buy	EV/Ebitda9.7x FY25
03/31/23	Citi Research	SATS	2.8	2.98	Buy	PER20x FY25
04/06/23	CIMB	SATS	2.79	3.1	Add	DCF
04/13/23	OCBC	SATS	2.79	3.38	Buy
05/03/23	UOB Kay Hian	SATS	2.62	3.01	Buy