DBS Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/21	CIMB	DBS	25.04	28.35	Add
01/06/21	phillip	DBS	25.35	22.6	Neutral
01/06/21	Jefferies	DBS	25.35	23.5	Hold
01/12/21	UOB Kay Hian	DBS	26.92	31.48	Buy
01/25/21	OCBC	DBS	26.17	29.45	Hold	GGM, PB1.35x FY22
01/25/21	UOB Kay Hian	DBS	26.17	29.45	Hold
01/27/21	Kim Eng	DBS	25.7	29.78	Buy
02/02/21	Macquarie	DBS	25.24	25.8	Neutral
02/04/21	phillip	DBS	25.2	22.6	Neutral
02/10/21	Lim & Tan	DBS	25.93	0	Hold
02/10/21	CIMB	DBS	25.93	28.35	Add	GGM
02/11/21	UOB Kay Hian	DBS	26	29.3	Hold
02/11/21	DMG & Partners	DBS	26	30	Buy
02/11/21	Kim Eng	DBS	26	29.64	Buy	DDM
02/15/21	phillip	DBS	26.07	29.5	Accumulate	GGM, PB1.31x FY21
02/15/21	OCBC	DBS	26.07	29.5	Buy	PB1.47x & PER12.9x FY21
02/15/21	Jefferies	DBS	26.07	29	Buy
02/19/21	UOB Kay Hian	DBS	25.76	29.2	Hold	Buy @ $25.2
02/19/21	Citi Research	DBS	25.76	29.5	Buy
02/19/21	JP Morgan	DBS	25.76	33	Overweight
03/03/21	DMG & Partners	DBS	26.94	30	Buy
03/17/21	OCBC	DBS	27.9	29.5	Buy
03/17/21	UOB Kay Hian	DBS	27.9	30.3	Buy
03/31/21	DMG & Partners	DBS	29	33	Buy
04/01/21	CIMB	DBS	28.79	28.35	Add
04/05/21	phillip	DBS	29	29.5	Accumulate	GGM, PB1.31x FY21
04/05/21	UOB Kay Hian	DBS	29	32.95	Buy	GGM, PB1.48x FY22
04/05/21	Jefferies	DBS	29	33	Buy
04/21/21	Lim & Tan	DBS	29.02	0	Accumulate
04/21/21	Citi Research	DBS	29.02	32.2	Buy
04/21/21	DMG & Partners	DBS	29.02	33	Buy
04/22/21	Macquarie	DBS	28.4	30	Neutral	PB
04/30/21	Morgan Stanley	DBS	29.39	28.4	Overweight
04/30/21	Citi Research	DBS	29.39	33.5	Buy
04/30/21	JP Morgan	DBS	29.39	33	Overweight
05/03/21	phillip	DBS	29.91	31.4	Accumulate	GGM, PB1.36x FY21
05/03/21	UOB Kay Hian	DBS	29.91	35.45	Buy	GGM, PB1.56x FY22
05/03/21	DMG & Partners	DBS	29.91	34	Buy
05/03/21	Jefferies	DBS	29.91	33.5	Buy
05/12/21	Macquarie	DBS	29.44	31	Neutral
05/18/21	Kim Eng	DBS	29.2	33.71	Buy
06/04/21	UOB Kay Hian	DBS	29.82	35.45	Buy	GGM
06/07/21	phillip	DBS	29.71	31.4	Accumulate
06/29/21	CIMB	DBS	29.6	32.64	Add
07/05/21	Macquarie	DBS	30.08	30.5	Neutral
07/09/21	phillip	DBS	29.54	31.4	Accumulate
07/19/21	UOB Kay Hian	DBS	30.12	35.6	Buy
07/21/21	Macquarie	DBS	29.58	31.5	Neutral
07/29/21	CIMB	DBS	30.07	32.64	Add
08/05/21	CIMB	DBS	30.58	32.64	Add	GGM
08/06/21	Macquarie	DBS	30.8	31.25	Neutral
08/06/21	phillip	DBS	30.8	32	Accumulate	GGM, PB1.39x
08/06/21	OCBC	DBS	30.8	34	Buy
08/06/21	DMG & Partners	DBS	30.8	35.5	Buy
08/10/21	UOB Kay Hian	DBS	31	35.8	Buy	GGM, PB1.57x FY22
08/10/21	CIMB	DBS	31	32.7	Add
09/01/21	CIMB	DBS	29.87	32.7	Add
09/23/21	Macquarie	DBS	29.3	31.25	Neutral	PB
09/27/21	Kim Eng	DBS	29.35	35.11	Buy
10/20/21	Macquarie	DBS	31.22	34	outperform	PB
10/20/21	Kim Eng	DBS	31.22	35.11	Buy
10/22/21	UOB Kay Hian	DBS	31.22	35.8	Buy
11/05/21	Lim & Tan	DBS	32.21	0	Hold
11/08/21	Macquarie	DBS	32.29	36	outperform	PB
11/08/21	UOB Kay Hian	DBS	32.29	37	Buy	GGM, PB1.62x FY22
11/08/21	phillip	DBS	32.29	35.9	Accumulate	GGM, PB1.56x FY21
11/08/21	Kim Eng	DBS	32.29	37.03	Buy	PB
11/15/21	DMG & Partners	DBS	32.04	40.4	Buy
11/16/21	CIMB	DBS	32.19	34.9	Add	PB1.5x FY22

Dasin Retail - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/21	phillip	Dasin Retail	0.775	0.91	Accumulate
02/22/21	phillip	Dasin Retail	0.73	0.91	Accumulate
03/03/21	DBS Vickers	Dasin Retail	0.725	0.74	Hold
07/26/21	phillip	Dasin Retail	0.52	0.78	Accumulate	DDM
08/25/21	phillip	Dasin Retail	0.46	0.82	Accumulate

Dairy Farm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/21	CIMB	Dairy Farm	4.27	5.5	Add	PER22x FY21
02/17/21	DBS Vickers	Dairy Farm	4.4	4.44	Buy
03/15/21	CIMB	Dairy Farm	4.51	5.4	Add	PER22x FY22
03/15/21	DBS Vickers	Dairy Farm	4.51	5.02	Buy	Sum of parts
03/15/21	DMG & Partners	Dairy Farm	4.51	4.78	Neutral	PER21x FY21
04/05/21	DBS Vickers	Dairy Farm	4.33	5.02	Buy
04/19/21	UOB Kay Hian	Dairy Farm	4.22	5.19	Buy	PER22x FY22
05/18/21	DBS Vickers	Dairy Farm	4.32	5.02	Buy
05/27/21	DBS Vickers	Dairy Farm	4.45	4.78	Buy	Sum of parts
07/19/21	DMG & Partners	Dairy Farm	4.09	4.78	Buy
07/30/21	DMG & Partners	Dairy Farm	3.98	4.42	Buy
08/02/21	DBS Vickers	Dairy Farm	3.76	3.96	Hold	Sum of parts
08/02/21	UOB Kay Hian	Dairy Farm	3.76	4.53	Buy
08/02/21	CIMB	Dairy Farm	3.76	4	Hold
09/10/21	UOB Kay Hian	Dairy Farm	3.6	4.53	Buy	PER24.7x
09/10/21	CIMB	Dairy Farm	3.6	3.8	Hold
11/18/21	CIMB	Dairy Farm	3.32	3.5	Hold	PER18.5x FY22
12/08/21	UOB Kay Hian	Dairy Farm	3.04	3.6	Buy	PER22.2x