Dairy Farm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/23	DMG & Partners	Dairy Farm	3.01	2.71	Neutral
02/09/23	UOB Kay Hian	Dairy Farm	3.22	3.9	Buy	PER30x FY23
02/24/23	DBS Vickers	Dairy Farm	3.15	3.9	Buy
03/03/23	DMG & Partners	Dairy Farm	3.24	3.09	Neutral	DCF, PER20x
03/06/23	UOB Kay Hian	Dairy Farm	3.07	3.72	Buy	PER30x FY23
03/06/23	DBS Vickers	Dairy Farm	3.07	3.8	Buy	PER20.3x
03/06/23	Lim & Tan	Dairy Farm	3.07	3.3	Hold
03/07/23	Citi Research	Dairy Farm	3.19	3.16	Hold	Sum of parts
04/24/23	DBS Vickers	Dairy Farm	3.04	3.8	Buy
05/19/23	DBS Vickers	Dairy Farm	2.78	3.8	Buy
05/22/23	UOB Kay Hian	Dairy Farm	3.06	3.72	Buy	PER30x FY23
07/11/23	DMG & Partners	Dairy Farm	2.84	3.09	Neutral
07/31/23	DBS Vickers	Dairy Farm	2.75	3.8	Buy	PER17.4x FY24
08/01/23	UOB Kay Hian	Dairy Farm	2.75	3.49	Buy	PER34x FY23/24
08/01/23	CIMB	Dairy Farm	2.75	2.9	Hold	PER15.6x CY24
08/02/23	Citi Research	Dairy Farm	2.64	3.28	Buy
08/02/23	DMG & Partners	Dairy Farm	2.64	2.92	Neutral	Sum of parts
08/28/23	DMG & Partners	Dairy Farm	2.4	2.92	Buy	Sum of parts
09/19/23	DMG & Partners	Dairy Farm	2.62	2.92	Buy
11/10/23	DBS Vickers	Dairy Farm	2.35	3.8	Buy	PER17.4x FY24
12/12/23	DMG & Partners	Dairy Farm	2.26	2.92	Buy
01/05/24	DMG & Partners	Dairy Farm	2.26	2.92	Buy	PER17x FY24
01/24/24	DBS Vickers	Dairy Farm	2.02	3.8	Buy	PER17.4x FY24