SPH Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/29/20	DBS Vickers	SPH Reit	0.825	0.8	Hold
05/29/20	CIMB	SPH Reit	0.825	1.13	Add
06/03/20	DBS Vickers	SPH Reit	0.88	0.8	Hold
07/03/20	Kim Eng	SPH Reit	0.885	0.8	Hold	DDM
07/03/20	Lim & Tan	SPH Reit	0.885	0	Hold
07/06/20	CIMB	SPH Reit	0.875	1.1	Add
07/06/20	OCBC	SPH Reit	0.875	0.81	Hold
09/11/20	DBS Vickers	SPH Reit	0.885	0.8	Hold
10/07/20	CIMB	SPH Reit	0.885	1.07	Add	DDM
10/07/20	Lim & Tan	SPH Reit	0.885	0	Hold
10/07/20	DBS Vickers	SPH Reit	0.885	0.8	Hold
10/07/20	OCBC	SPH Reit	0.885	0.82	Hold
01/15/21	Kim Eng	SPH Reit	0.86	0.8	Hold	DDM
01/18/21	CIMB	SPH Reit	0.87	1.06	Add
01/18/21	OCBC	SPH Reit	0.87	0.88	Hold
02/02/21	DBS Vickers	SPH Reit	0.83	0.8	Hold
03/04/21	CIMB	SPH Reit	0.83	1.06	Add
03/31/21	Lim & Tan	SPH Reit	0.88	0	Accumulate
03/31/21	Kim Eng	SPH Reit	0.88	0.8	Hold	DDM
05/21/21	DBS Vickers	SPH Reit	0.84	0.8	Hold
07/13/21	Lim & Tan	SPH Reit	0.925	1.03	Accumulate
07/16/21	CIMB	SPH Reit	0.945	1.06	Add
07/16/21	Kim Eng	SPH Reit	0.945	0.8	Hold	DDM
08/03/21	DBS Vickers	SPH Reit	0.905	0.92	Hold	DCF
08/03/21	Lim & Tan	SPH Reit	0.905	0	Hold

SPH - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/21/20	UOB Kay Hian	SPH	1.5	1.52	Hold	Sum of parts, Buy @ $1.30
05/21/20	Lim & Tan	SPH	1.5	0	Hold
05/22/20	DBS Vickers	SPH	1.56	1.57	Hold
06/24/20	UOB Kay Hian	SPH	1.36	1.52	Hold	Buy @ $1.30
06/25/20	CIMB	SPH	1.33	1.57	Hold
07/15/20	UOB Kay Hian	SPH	1.25	1.41	Hold	Sum of parts, Buy @ $1.20
07/15/20	CIMB	SPH	1.25	1.35	Hold	Sum of parts (25% disc)
07/15/20	OCBC	SPH	1.25	1.35	Hold	PER15x
07/16/20	DBS Vickers	SPH	1.25	1.26	Hold	Sum of parts
08/19/20	Lim & Tan	SPH	1.11	0	Hold
08/24/20	UOB Kay Hian	SPH	1.08	1.22	Hold	Sum of parts, Buy @ $1
08/31/20	DBS Vickers	SPH	1.09	1.26	Hold
10/14/20	DBS Vickers	SPH	1.05	1.09	Hold	Sum of parts
10/14/20	CIMB	SPH	1.05	1.1	Hold	Sum of parts (30% disc)
10/14/20	Lim & Tan	SPH	1.05	0	Hold
10/15/20	UOB Kay Hian	SPH	1	1.12	Hold	Sum of parts, Buy @ $1
11/23/20	Lim & Tan	SPH	1.25	0	Hold
01/07/21	CIMB	SPH	1.13	1.1	Hold	Sum of parts
01/20/21	CIMB	SPH	1.21	1.31	Hold	Sum of parts
01/21/21	UOB Kay Hian	SPH	1.22	1.22	Hold	Buy @ $1.05
03/30/21	UOB Kay Hian	SPH	1.5	1.74	Buy
03/31/21	CIMB	SPH	1.5	2.09	Add	Sum of parts
03/31/21	UOB Kay Hian	SPH	1.5	1.85	Buy	Sum of parts
03/31/21	Lim & Tan	SPH	1.5	0	Accumulate
04/06/21	OCBC	SPH	1.77	1.92	Buy	Sum of parts
05/07/21	CIMB	SPH	1.79	2.09	Add	$1.94 target, Sum of parts (20% disc)
05/07/21	OCBC	SPH	1.79	1.92	Hold
05/10/21	UOB Kay Hian	SPH	1.52	1.85	Buy	Sum of parts
06/18/21	CIMB	SPH	1.83	2.19	Add	PB
07/21/21	UOB Kay Hian	SPH	1.8	2	Buy	Sum of parts
07/21/21	Lim & Tan	SPH	1.8	0	Accumulate
08/03/21	DBS Vickers	SPH	1.88	2.1	Accept offer	offer price $2.099
08/03/21	CIMB	SPH	1.88	2.19	Buy	Sum of parts
08/03/21	Lim & Tan	SPH	1.88	0	Accept offer	offer price $2.099
08/05/21	OCBC	SPH	1.92	1.92	Hold
08/05/21	UOB Kay Hian	SPH	1.92	2.1	Buy	Sum of parts (5% disc)