Ascott Residence Trust (ART) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/05/20	UOB Kay Hian	ART	0.86	1.16	Buy	DDM
05/08/20	Phillip	ART	0.86	1.17	Buy	DDM
06/01/20	DBS Vickers	ART	0.96	1.1	Buy
06/08/20	CIMB	ART	1.05	1.21	Add
06/08/20	UOB Kay Hian	ART	1.05	1.16	Buy
06/08/20	Phillip	ART	1.05	1.25	Buy
07/02/20	UOB Kay Hian	ART	1	1.16	Buy
07/03/20	DBS Vickers	ART	1.02	1.1	Buy	DCF, PB0.88x
07/14/20	Lim & Tan	ART	0.995	0	Neutral
07/21/20	CIMB	ART	0.955	1.06	Add
07/29/20	UOB Kay Hian	ART	0.895	0.98	Hold	DDM
07/29/20	Phillip	ART	0.895	1.08	Buy	DDM
07/29/20	Kim Eng	ART	0.895	1.05	Buy
07/29/20	CIMB	ART	0.895	1.08	Add
07/30/20	OCBC	ART	0.895	1.03	Buy
09/02/20	DBS Vickers	ART	0.895	1.1	Buy	DCF
09/02/20	OCBC	ART	0.895	1.03	Buy
09/14/20	Phillip	ART	0.915	1.08	Buy
10/02/20	CIMB	ART	0.89	1.05	Add
10/19/20	Phillip	ART	0.89	1.08	Buy
10/20/20	DBS Vickers	ART	0.885	1.1	Buy
11/02/20	Kim Eng	ART	0.83	1.05	Buy	DDM
11/02/20	UOB Kay Hian	ART	0.83	0.91	Hold	Buy @ $0.83
11/03/20	OCBC	ART	0.815	0.97	Buy
11/05/20	CIMB	ART	0.855	1.05	Add
11/12/20	DBS Vickers	ART	1	1.1	Buy
11/16/20	OCBC	ART	0.98	1.2	Buy
11/23/20	Phillip	ART	0.995	1.08	Buy
12/01/20	DBS Vickers	ART	1.04	1.2	Buy	DCF
01/05/21	Phillip	ART	1.09	1.15	Buy
01/06/21	DBS Vickers	ART	1.07	1.2	Buy	DCF
01/18/21	Lim & Tan	ART	1.13	0	Neutral
01/28/21	CIMB	ART	1.05	1.08	Hold
01/28/21	Kim Eng	ART	1.05	1.25	Buy
01/29/21	OCBC	ART	1.05	1.24	Buy
02/02/21	Phillip	ART	1.04	1.17	Buy	DDM
03/09/21	OCBC	ART	1.02	1.24	Buy

ARA Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/12/20	UOB Kay Hian	ARA Logistics	0.54	0.69	Buy
06/16/20	DBS Vickers	ARA Logistics	0.525	0.7	Buy	DCF
06/23/20	DMG & Partners	ARA Logistics	0.57	0.64	Buy
07/08/20	CIMB	ARA Logistics	0.57	0.713	Add
07/09/20	DBS Vickers	ARA Logistics	0.595	0.7	Buy	DCF
07/29/20	Kim Eng	ARA Logistics	0.635	0.8	Buy	DDM
07/29/20	DMG & Partners	ARA Logistics	0.635	0.72	Buy	DDM
08/04/20	OCBC	ARA Logistics	0.665	0.64	Hold
09/02/20	DBS Vickers	ARA Logistics	0.635	0.7	Buy	DCF
10/15/20	CIMB	ARA Logistics	0.625	0.713	Add
10/27/20	CIMB	ARA Logistics	0.61	0.698	Add
10/27/20	DMG & Partners	ARA Logistics	0.61	0.72	Buy	DDM
01/06/21	UOB Kay Hian	ARA Logistics	0.595	0.85	Buy	DDM
01/14/21	DMG & Partners	ARA Logistics	0.67	0.74	Buy
01/27/21	Kim Eng	ARA Logistics	0.675	0.8	Buy	DDM
01/28/21	UOB Kay Hian	ARA Logistics	0.71	0.89	Buy
01/28/21	CIMB	ARA Logistics	0.71	0.749	Add	DDM
01/28/21	DBS Vickers	ARA Logistics	0.71	0.8	Buy
02/23/21	DBS Vickers	ARA Logistics	0.715	0.8	Buy
03/04/21	UOB Kay Hian	ARA Logistics	0.715	0.89	Buy

ARA Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/12/20	UOB Kay Hian	ARA Hospitality	0.425	0.69	Buy	DDM
06/12/20	Amfrasers	ARA Hospitality	0.425	0.67	Outperform
08/06/20	UOB Kay Hian	ARA Hospitality	0.36	0.34	Hold	DDM, Buy @ $0.31
08/07/20	Amfrasers	ARA Hospitality	0.35	0.4	Neutral	DDM
11/10/20	UOB Kay Hian	ARA Hospitality	0.305	0.34	Hold	Buy @ $0.3
01/07/21	DBS Vickers	ARA Hospitality	0.485	0.69	Buy	DCF