See important disclosures at the end of this report

RHB Guide to Investment Ratings

• Buy: Share price may exceed 10% over the next 12 months
• Trading Buy: Share price may exceed 15% over the next 3 months, however longer-term outlook remains uncertain
• Neutral: Share price may fall within the range of +/- 10% over the next 12 months
• Take Profit: Target price has been attained. Look to accumulate at lower levels
• Sell: Share price may fall by more than 10% over the next 12 months
• Not Rated: Stock is not within regular research coverage

Investment Research Disclaimers

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Analyst Certification

1. (1) No part of my compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.
2. (2) No part of my compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

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