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Tuesday, August 24, 2010

Banyan Tree - A lousy resort?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/01/10 CIMB Banyan Tree 0.69 0.86 Outperform EV/Ebita 12x
05/18/10 CIMB Banyan Tree 0.83 0.8 Underperform
08/16/10 CIMB Banyan Tree 0.85 0.86 Underperform Sum of parts, Cease coverage

03/03/10 DBS Vickers Banyan Tree 0.71 1.04 Buy Sum of parts, EV/Ebita 15x
05/14/10 DBS Vickers Banyan Tree 0.82 0.96 Hold Sum of parts
08/12/10 DBS Vickers Banyan Tree 0.86 0.98 Hold Sum of parts

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