Ascott Residence Trust (ART) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/07/21	CIMB	ART	1.04	1.2	Add
07/27/21	Lim & Tan	ART	1.01	0	Hold
07/28/21	CIMB	ART	1.03	1.22	Add	DDM
07/28/21	Kim Eng	ART	1.03	1.3	Buy	DDM
07/29/21	OCBC	ART	1.03	1.21	Buy
07/30/21	Phillip	ART	1.03	1.19	Buy	DDM
08/25/21	Phillip	ART	1	1.19	Accumulate
09/10/21	Lim & Tan	ART	1.04	0	Hold
09/16/21	UOB Kay Hian	ART	0.98	1.16	Buy	DDM
09/30/21	Phillip	ART	0.935	1.19	Accumulate
10/04/21	UOB Kay Hian	ART	0.92	1.16	Buy
10/12/21	DBS Vickers	ART	0.995	1.2	Buy
11/02/21	UOB Kay Hian	ART	1.06	1.2	Buy	DDM
11/05/21	Phillip	ART	1.05	1.19	Accumulate	DDM
11/17/21	UOB Kay Hian	ART	1.07	1.2	Buy
12/06/21	DBS Vickers	ART	0.975	1.3	Buy
12/27/21	Lim & Tan	ART	1	1.15	Accumulate
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

ARA Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/10/21	DBS Vickers	ARA Logistics	0.815	0.85	Buy
06/29/21	UOB Kay Hian	ARA Logistics	0.84	0.89	Buy
07/23/21	CIMB	ARA Logistics	0.88	0.961	Add	DDM
07/23/21	DBS Vickers	ARA Logistics	0.88	1	Buy	DCF
07/23/21	DMG & Partners	ARA Logistics	0.88	0.95	Buy
07/23/21	UOB Kay Hian	ARA Logistics	0.88	1.02	Buy	DDM
07/29/21	Kim Eng	ARA Logistics	0.9	0.95	Buy	DDM
09/20/21	UOB Kay Hian	ARA Logistics	0.935	1.02	Buy
10/08/21	UOB Kay Hian	ARA Logistics	0.905	1.07	Buy	DDM
10/18/21	DMG & Partners	ARA Logistics	0.89	0.95	Take Profit
10/18/21	Lim & Tan	ARA Logistics	0.89	0	Accept Offer
10/18/21	UOB Kay Hian	ARA Logistics	0.89	1.07	Accept Offer	DDM
10/27/21	CIMB	ARA Logistics	0.885	0.978	Add	DDM
01/24/22	Lim & Tan	ARA Logistics	0.895	0.933	Accept Offer
01/27/22	CIMB	ARA Logistics	0.87	0.987	Add	DDM
03/08/22	CIMB	ARA Logistics	0.815	0.92	Add	DDM

ARA Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/09/21	DBS Vickers	ARA Hospitality	0.555	0.79	Buy	DCF
08/20/21	DBS Vickers	ARA Hospitality	0.495	0.75	Buy	DCF
02/28/22	DBS Vickers	ARA Hospitality	0.5	0.7	Buy	DCF
05/05/22	DBS Vickers	ARA Hospitality	0.505	0.7	Buy