Tiong Woon - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/22	Lim & Tan	Tiong Woon	0.46	0	Accumulate
02/15/22	Lim & Tan	Tiong Woon	0.48	0	Accumulate
03/14/22	Lim & Tan	Tiong Woon	0.5	0	Buy
08/23/22	UOB Kay Hian	Tiong Woon	0.555	0.88	Buy	PB0.7x FY22
08/29/22	UOB Kay Hian	Tiong Woon	0.54	0.85	Buy	PB0.7x FY22
02/15/23	Lim & Tan	Tiong Woon	0.47	0.85	Accumulate
03/21/23	Lim & Tan	Tiong Woon	0.47	0.92	Buy

Stock calls for 26 May 2023

Date	Analyst	Company	Last	Target	Call	Valuation
05/26/23	DBS Vickers	Hour Glass	2	2.12	Hold
05/26/23	Lim & Tan	Keppel Corp	6.31	7.35	Accumulate on weakness
05/26/23	CIMB	Mapletree Industrial	2.28	2.61	Add	DDM
05/26/23	CIMB	Sembcorp Industries	4.9	5.12	Add	PER12x FY24
05/26/23	DMG & Partners	Singtel	2.53	3.4	Buy	Sum of parts
05/26/23	CIMB	Singtel	2.53	3	Add	Sum of parts
05/26/23	OCBC	Starhill	0.505	0.62	Buy

Tianjin Zhongxin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/31/22	Lim & Tan	Tianjin Zhongxin	1.08	1.6	Buy
08/10/22	Lim & Tan	Tianjin Zhongxin	1.03	1.6	Buy
09/12/22	Lim & Tan	Tianjin Zhongxin	1.03	1.6	Buy
11/09/22	Lim & Tan	Tianjin Zhongxin	1	1.6	Buy
04/03/23	Lim & Tan	Tianjin Zhongxin	1.53	1.88	Buy

Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/22	Kim Eng	Thai Beverage	0.66	0.99	Buy
02/04/22	UOB Kay Hian	Thai Beverage	0.655	0.85	Buy	Sum of parts
02/15/22	CIMB	Thai Beverage	0.66	0.91	Add	Sum of parts
02/15/22	DBS Vickers	Thai Beverage	0.66	0.92	Buy
02/15/22	UOB Kay Hian	Thai Beverage	0.66	0.9	Buy	Sum of parts
02/21/22	Phillip	Thai Beverage	0.71	0.765	Buy	PER18x FY22
04/01/22	UOB Kay Hian	Thai Beverage	0.715	0.9	Buy	Sum of parts
05/05/22	DBS Vickers	Thai Beverage	0.675	0.92	Buy
05/17/22	Phillip	Thai Beverage	0.68	0.8	Accumulate	PER18x FY22
05/17/22	Lim & Tan	Thai Beverage	0.68	0.9	Buy
05/17/22	CIMB	Thai Beverage	0.68	0.91	Add
05/17/22	DMG & Partners	Thai Beverage	0.68	0.97	Buy	Sum of parts
05/20/22	OCBC	Thai Beverage	0.705	0.88	Buy
06/01/22	DMG & Partners	Thai Beverage	0.695	0.97	Buy
06/02/22	UOB Kay Hian	Thai Beverage	0.695	1.05	Buy	Sum of parts
06/16/22	UOB Kay Hian	Thai Beverage	0.64	0.94	Buy	Sum of parts
07/28/22	OCBC	Thai Beverage	1.59	1.5	Hold
08/12/22	CIMB	Thai Beverage	0.68	0.88	Add	Sum of parts
08/15/22	Phillip	Thai Beverage	0.655	0.8	Buy	PER18x FY22
08/26/22	UOB Kay Hian	Thai Beverage	0.65	0.89	Buy	Sum of parts
08/29/22	OCBC	Thai Beverage	0.645	0.88	Buy
09/27/22	UOB Kay Hian	Thai Beverage	0.62	0.87	Buy	Sum of parts
10/21/22	CIMB	Thai Beverage	0.57	0.88	Add
11/18/22	DBS Vickers	Thai Beverage	0.615	0.84	Buy	Sum of parts
11/25/22	UOB Kay Hian	Thai Beverage	0.615	0.87	Buy	Sum of parts
11/28/22	UOB Kay Hian	Thai Beverage	0.61	0.73	Buy	Sum of parts
11/28/22	DBS Vickers	Thai Beverage	0.61	0.87	Buy	Sum of parts
11/28/22	DMG & Partners	Thai Beverage	0.61	0.91	Buy	Sum of parts
11/28/22	CIMB	Thai Beverage	0.61	0.88	Add
11/28/22	Lim & Tan	Thai Beverage	0.61	0.84	Accumulate
12/05/22	Phillip	Thai Beverage	0.64	0.8	Buy	PER18x F23
12/20/22	DMG & Partners	Thai Beverage	0.675	0.91	Buy
01/05/23	DMG & Partners	Thai Beverage	0.675	0.91	Buy
01/18/23	UOB Kay Hian	Thai Beverage	0.705	0.85	Buy	Sum of parts
02/10/23	CIMB	Thai Beverage	0.7	0.88	Add	Sum of parts
02/13/23	UOB Kay Hian	Thai Beverage	0.7	0.8	Buy	Sum of parts
02/13/23	Phillip	Thai Beverage	0.7	0.8	Accumulate	PER18x F23
02/13/23	DBS Vickers	Thai Beverage	0.7	0.87	Buy	PER14.5x FY23
02/14/23	DMG & Partners	Thai Beverage	0.675	0.91	Buy	Sum of parts
03/13/23	DBS Vickers	Thai Beverage	0.64	0.87	Buy	DCF
03/16/23	DBS Vickers	Thai Beverage	0.62	0.86	Buy
03/29/23	DMG & Partners	Thai Beverage	0.645	0.91	Buy
04/03/23	CIMB	Thai Beverage	0.63	0.88	Add
04/10/23	UOB Kay Hian	Thai Beverage	0.655	0.78	Buy	Sum of parts
05/11/23	UOB Kay Hian	Thai Beverage	0.615	0.75	Buy	Sum of parts
05/12/23	DBS Vickers	Thai Beverage	0.6	0.86	Buy
05/15/23	Phillip	Thai Beverage	0.59	0.8	Buy	PER18x F23
05/16/23	CIMB	Thai Beverage	0.595	0.88	Add	Sum of parts