SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/21	DBS Vickers	SATS	3.98	4.5	Buy
01/04/21	Citi Research	SATS	3.98	4.7	Buy
02/02/21	CIMB	SATS	3.85	4.3	Add	DCF
02/02/21	DBS Vickers	SATS	3.85	4.5	Buy
02/11/21	UOB Kay Hian	SATS	4.09	3.96	Hold	DCF
02/15/21	OCBC	SATS	4.12	4.95	Buy
03/19/21	UOB Kay Hian	SATS	4.56	4.27	Hold	EV/Invested capital basis
05/28/21	CIMB	SATS	3.86	4.3	Add	DCF
05/28/21	UOB Kay Hian	SATS	3.86	4.09	Hold
05/31/21	OCBC	SATS	3.97	4.84	Buy
06/02/21	DBS Vickers	SATS	4.03	4.5	Buy
06/09/21	Lim & Tan	SATS	4.05	0	Hold
06/10/21	UOB Kay Hian	SATS	4.08	4.09	Hold
07/23/21	CIMB	SATS	3.87	4.3	Add	DCF
07/23/21	Lim & Tan	SATS	3.87	0	Hold
07/26/21	OCBC	SATS	3.87	4.8	Buy
09/28/21	DBS Vickers	SATS	4.16	4.5	Buy
09/28/21	OCBC	SATS	4.16	4.8	Buy
10/11/21	Citi Research	SATS	4.17	4.7	Buy
10/18/21	CIMB	SATS	4.35	4.66	Hold
10/25/21	UOB Kay Hian	SATS	4.28	4.09	Hold
11/15/21	CIMB	SATS	4.14	4.32	Hold
11/16/21	DBS Vickers	SATS	4.1	4.9	Buy	DCF
11/24/21	Lim & Tan	SATS	4.1	4.81	Buy
02/24/22	DBS Vickers	SATS	4.18	4.9	Buy
02/25/22	Citi Research	SATS	3.97	4.6	Buy
02/25/22	CIMB	SATS	3.97	4.34	Hold
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
04/25/22	UOB Kay Hian	SATS	4.47	4.85	Buy

Sasseur - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/21	Kim Eng	Sasseur	0.84	1.05	Buy	DDM
03/02/21	CIMB	Sasseur	0.86	0.909	Add
06/14/21	DBS Vickers	Sasseur	0.925	1.1	Buy	DCF
08/16/21	CIMB	Sasseur	0.95	1.03	Add	DDM
08/18/21	Kim Eng	Sasseur	0.925	1.05	Buy
08/19/21	Amfrasers	Sasseur	0.935	0.97	Neutral	DDM
11/16/21	Kim Eng	Sasseur	0.895	1.05	Buy	DDM
11/23/21	UOB Kay Hian	Sasseur	0.895	1.05	Buy
02/18/22	DBS Vickers	Sasseur	0.83	1.1	Buy	DCF
02/21/22	DBS Vickers	Sasseur	0.85	1.15	Buy	DCF
02/21/22	Kim Eng	Sasseur	0.85	1.1	Buy	DDM
02/21/22	CIMB	Sasseur	0.85	1.06	Add

Sarine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/06/21	Amfrasers	Sarine	0.565	0.49	Underperform	PER25x FY22
05/07/21	Amfrasers	Sarine	0.575	0.65	Buy	PER25x FY22
05/14/21	Amfrasers	Sarine	0.57	0.82	Outperform
05/31/21	Kim Eng	Sarine	0.605	0.7	Buy	DCF, PER14.4x FY22
08/06/21	Kim Eng	Sarine	0.825	0.94	Buy	DCF
03/11/22	DBS Vickers	Sarine	0.515	0.45	Fully Valued	PER15.5x FY22