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Monday, January 31, 2011

Jaya - Buy calls from analysts.

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

10/14/10 DBS Vickers Jaya 0.68 1.15 Buy RNAV
11/09/10 DBS Vickers Jaya 0.73 1.15 Buy RNAV
01/03/11 DBS Vickers Jaya 0.72 1.15 Buy

11/09/10 DnB Nor Jaya 0.73 1 Buy NAV 1.09

Innotek - Lim & Tan withdrew buy call for this stock.

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

11/30/10 Lim & Tan Innotek 0.545 0 Withdraw Buy call

Indofood Agri - Mixed calls by analysts.

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

05/03/10 AmFraser Indofood Agri 2.42 2.3 Hold

04/30/10 CIMB Indofood Agri 2.42 2.86 Trading Buy PER18x
08/12/10 CIMB Indofood Agri 2.45 2.25 Underperform PER15x
08/12/10 CIMB Indofood Agri 2.45 2.25 Underperform PER15x
09/13/10 CIMB Indofood Agri 2.35 2.25 Underperform
12/09/10 CIMB Indofood Agri 2.89 3.24 Neutral PER18x

02/26/10 DBS Vickers Indofood Agri 2.15 2.3 Hold
05/03/10 DBS Vickers Indofood Agri 2.4 2.75 Buy
05/17/10 DBS Vickers Indofood Agri 2.22 2.75 Buy
08/13/10 DBS Vickers Indofood Agri 2.34 2.4 Hold DCF
11/01/10 DBS Vickers Indofood Agri 2.6 3.05 Buy
11/22/10 DBS Vickers Indofood Agri 2.66 3.05 Buy
12/13/10 DBS Vickers Indofood Agri 2.84 3.05 Buy

03/03/10 DMG & Partners Indofood Agri 2.09 2.02 Neutral PER15x
05/03/10 DMG & Partners Indofood Agri 2.39 2.19 Neutral PER15x
08/16/10 DMG & Partners Indofood Agri 2.34 2.33 Neutral PER15x
12/09/10 DMG & Partners Indofood Agri 2.89 2.92 Buy Under Review

02/26/10 Kim Eng Indofood Agri 2.11 2.61 Buy PER18x
05/03/10 Kim Eng Indofood Agri 2.4 2.79 Buy PER17x
08/13/10 Kim Eng Indofood Agri 2.34 2.34 Hold PER17x
11/01/10 Kim Eng Indofood Agri 2.6 2.34 Hold

01/04/11 Nomura Indofood Agri 2.89 3.2 Buy

12/06/10 OCBC Indofood Agri 2.84 3.05 Buy

03/25/10 phillip Indofood Agri 2.15 2.51 Buy DCF
05/03/10 phillip Indofood Agri 2.4 2.83 Buy DCF
08/13/10 phillip Indofood Agri 2.34 2.67 Hold DCF
10/18/10 phillip Indofood Agri 2.65 2.78 Hold RNAV
11/01/10 phillip Indofood Agri 2.6 2.78 Hold DCF
01/20/11 phillip Indofood Agri 2.81 2.91 Hold DCF

Sunday, January 30, 2011

Hyflux Water Trust - Just accept the offer and move on.

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

08/03/10 DBS Vickers Hyflux Water Trust 0.685 0.78 Accept Offer

Hyflux - Downgraded by analysts.

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

10/08/10 CIMB Hyflux 3.17 4.52 Outperform Sum of parts (5% discount)
11/08/10 CIMB Hyflux 3.18 4.06 Outperform Sum of parts

11/08/10 DBS Vickers Hyflux 3.18 3.2 Hold Sum of parts

11/08/10 Kim Eng Hyflux 3.18 2.81 Hold Sum of parts

09/07/10 OCBC Hyflux 3.03 3.89 Buy
11/08/10 OCBC Hyflux 3.18 3.66 Buy PER25x
11/23/10 OCBC Hyflux 3.28 3.66 Buy PER25x
01/13/11 OCBC Hyflux 2.38 2.7 Buy PER25x

Saturday, January 29, 2011

Huan Hsin - Buy call from CIMB.

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

02/24/10 CIMB Huan Hsin 0.26 0.37 Outperform PB0.5x
03/11/10 CIMB Huan Hsin 0.23 0.37 Outperform
04/26/10 CIMB Huan Hsin 0.38 0.53 Outperform PB0.7x

Baltic Dry Index (BDI) - 1137

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, fell 4.13 per cent, or 49 points, to 1,137 points and was at its lowest since Feb 2, 2009.

End Quote.

Hu An Cable - Buy calls from analysts.

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

01/11/11 CIMB Hu An Cable 0.4 0.64 Outperform

10/08/10 phillip Hu An Cable 0.415 0.53 Buy
11/10/10 phillip Hu An Cable 0.365 0.53 Buy PER5.5x

Friday, January 28, 2011

HTL - Furniture making is no longer a good business.

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

05/05/10 CIMB HTL 0.79 1.1 Outperform PER8x
05/12/10 CIMB HTL 0.72 1.1 Outperform PER8x
05/18/10 CIMB HTL 0.66 1.1 Outperform
07/08/10 CIMB HTL 0.6 0.73 Outperform PER6x
08/12/10 CIMB HTL 0.73 0.85 Outperform PER7x

03/22/10 DBS Vickers HTL 0.68 1.09 Buy PER7x
03/26/10 DBS Vickers HTL 0.79 1.09 Buy PER7x
05/10/10 DBS Vickers HTL 0.76 0.8 Hold PER7x
05/13/10 DBS Vickers HTL 0.72 0.8 Hold PER7x
08/13/10 DBS Vickers HTL 0.725 0.8 Hold PER7x

04/08/10 DMG & Partners HTL 0.84 1.1 Buy PER8x
04/12/10 DMG & Partners HTL 0.89 1.1 Buy PER8x
05/13/10 DMG & Partners HTL 0.72 1.1 Buy
05/14/10 DMG & Partners HTL 0.675 0.99 Buy PER8x
05/17/10 DMG & Partners HTL 0.675 0.99 Buy PER8x
07/12/10 DMG & Partners HTL 0.615 0.7 Buy PER8x
08/16/10 DMG & Partners HTL 0.75 0.73 Neutral PER8x
11/11/10 DMG & Partners HTL 0.67 0.65 Neutral PER8x

Hour Glass - Do you like watches?

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

02/11/10 Kim Eng Hour Glass 0.71 0.87 Buy BV
05/26/10 Kim Eng Hour Glass 0.8 0.92 Hold DCF
08/06/10 Kim Eng Hour Glass 0.84 0.92 Hold

Thursday, January 27, 2011

Hotel Properties - Buy call from Kim Eng.

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

02/23/10 DBS Vickers Hotel Properties 2.03 2.17 Hold RNAV (20% discount)
05/14/10 DBS Vickers Hotel Properties 2.22 2.3 Hold RNAV (20% discount)

02/23/10 Kim Eng Hotel Properties 2.03 2.4 Buy RNAV (20% discount)
06/02/10 Kim Eng Hotel Properties 2.05 3.33 Buy RNAV (20% discount)
01/05/11 Kim Eng Hotel Properties 2.83 3.38 Buy RNAV (20% discount)

Hong Leong Finance - Mixed calls by analysts.

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

04/26/10 DMG & Partners Hong Leong Finance 3.16 3.5 Buy NTA
11/11/10 DMG & Partners Hong Leong Finance 3.09 3.61 Buy PB1x

11/11/10 Lim & Tan Hong Leong Finance 3.09 0 Hold Buy @ $2.70-2.80
01/25/11 Lim & Tan Hong Leong Finance 3.04 0 Hold

Wednesday, January 26, 2011

Baltic Dry Index (BDI) - 1292.

Quote:

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, slid to a near two-year low of 1,292 points on Tuesday, as a glut of ships and slow business took their toll.

End Quote.

Hong Leong Asia - Downgraded by some analysts.

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

02/02/10 CIMB Hong Leong Asia 3.52 6.33 Outperform
02/05/10 CIMB Hong Leong Asia 3.35 6.33 Outperform Sum of parts
02/10/10 CIMB Hong Leong Asia 3.4 6.33 Outperform Sum of parts
03/01/10 CIMB Hong Leong Asia 3.68 6.4 Outperform Sum of parts
03/17/10 CIMB Hong Leong Asia 4.01 6 Outperform Sum of parts
04/01/10 CIMB Hong Leong Asia 4.54 6 Outperform Sum of parts
04/19/10 CIMB Hong Leong Asia 4.94 6 Outperform
04/27/10 CIMB Hong Leong Asia 4.85 6 Outperform Sum of parts
05/17/10 CIMB Hong Leong Asia 4.24 5.78 Outperform Sum of parts
05/18/10 CIMB Hong Leong Asia 4 5.78 Outperform
05/31/10 CIMB Hong Leong Asia 3.2 4.88 Outperform Sum of parts
07/14/10 CIMB Hong Leong Asia 3.45 4.86 Outperform Sum of parts
08/16/10 CIMB Hong Leong Asia 3.71 3.21 Underperform Sum of parts
11/15/10 CIMB Hong Leong Asia 3.43 3.23 Underperform Sum of parts

03/01/10 DBS Vickers Hong Leong Asia 3.68 4.36 Buy Sum of parts
03/08/10 DBS Vickers Hong Leong Asia 3.85 4.36 Buy
04/14/10 DBS Vickers Hong Leong Asia 4.7 5.67 Buy Sum of parts
08/12/10 DBS Vickers Hong Leong Asia 3.73 4.54 Hold Under Review

04/01/10 DMG & Partners Hong Leong Asia 4.54 6 Buy Sum of parts
04/06/10 DMG & Partners Hong Leong Asia 4.7 6 Buy Sum of parts
05/14/10 DMG & Partners Hong Leong Asia 4.24 5.48 Buy Sum of parts
05/17/10 DMG & Partners Hong Leong Asia 4.24 5.48 Buy
08/16/10 DMG & Partners Hong Leong Asia 3.71 4.88 Buy Sum of parts
10/22/10 DMG & Partners Hong Leong Asia 3.48 4.88 Buy Sum of parts
11/15/10 DMG & Partners Hong Leong Asia 3.43 4.18 Buy Sum of parts (10% discount)

11/22/10 phillip Hong Leong Asia 3.32 3.62 Hold Sum of parts, PER10x

Ho Bee - Mixed calls by analysts.

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

11/12/10 CIMB Ho Bee 1.68 2.07 Outperform RNAV (25% discount)

08/17/10 DBS Vickers Ho Bee 1.61 2.15 Buy
10/18/10 DBS Vickers Ho Bee 1.67 2.24 Buy
12/16/10 DBS Vickers Ho Bee 1.56 2.2 Buy
12/20/10 DBS Vickers Ho Bee 1.56 2.2 Buy

12/23/10 DIR Ho Bee 1.57 1.92 Hold

09/08/10 Kim Eng Ho Bee 1.51 1.91 Buy RNAV (30% discount)
11/12/10 Kim Eng Ho Bee 1.68 1.91 Buy

11/16/10 OCBC Ho Bee 1.66 2.2 Buy

10/04/10 phillip Ho Bee 1.65 1.91 Buy RNAV (20% discount), PER5.6x
11/12/10 phillip Ho Bee 1.68 1.91 Hold
12/16/10 phillip Ho Bee 1.56 1.91 Hold

Tuesday, January 25, 2011

Hi-P - Upgraded by analysts.

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

08/04/10 Credit Suisse Hi-P 0.815 0.75 Neutral

02/24/10 DBS Vickers Hi-P 0.71 0.53 Fully Valued PER9x
05/06/10 DBS Vickers Hi-P 0.64 0.49 Fully Valued PER9x
06/21/10 DBS Vickers Hi-P 0.54 0.51 Fully Valued PER9x
08/03/10 DBS Vickers Hi-P 0.75 0.94 Buy PER9x
09/22/10 DBS Vickers Hi-P 0.875 1.26 Buy PER11x + 1SD
09/27/10 DBS Vickers Hi-P 0.98 1.26 Buy
09/28/10 DBS Vickers Hi-P 0.98 1.26 Buy
10/22/10 DBS Vickers Hi-P 1.06 1.26 Buy
11/02/10 DBS Vickers Hi-P 1.07 1.3 Buy PER11x
01/17/11 DBS Vickers Hi-P 1.08 1.43 Buy

02/22/10 DMG & Partners Hi-P 0.71 0.725 Neutral PER10.5x
02/26/10 DMG & Partners Hi-P 0.67 0.66 Neutral PER10.4x
05/05/10 DMG & Partners Hi-P 0.67 0.66 Neutral
05/06/10 DMG & Partners Hi-P 0.64 0.595 Neutral PER11.3x
06/21/10 DMG & Partners Hi-P 0.51 0.595 Neutral
08/06/10 DMG & Partners Hi-P 0.78 0.97 Buy PER11.3x
11/03/10 DMG & Partners Hi-P 0.97 1.25 Buy PER12.9x
11/04/10 DMG & Partners Hi-P 1.11 1.25 Buy PER12.9x

02/24/10 Lim & Tan Hi-P 0.71 0 Sell
05/05/10 Lim & Tan Hi-P 0.67 0 Sell
06/21/10 Lim & Tan Hi-P 0.54 0 Hold
09/17/10 Lim & Tan Hi-P 0.9 0 Neutral
09/22/10 Lim & Tan Hi-P 0.875 0 Buy
09/30/10 Lim & Tan Hi-P 1.01 0 Buy
10/01/10 Lim & Tan Hi-P 1.02 0 Buy
10/04/10 Lim & Tan Hi-P 1.08 0 Buy
10/11/10 Lim & Tan Hi-P 1.05 0 Buy
11/02/10 Lim & Tan Hi-P 1.07 0 Buy
01/17/11 Lim & Tan Hi-P 1.08 0 Buy
01/18/11 Lim & Tan Hi-P 1.18 0 Buy

Hiap Seng - Downgraded by CIMB.

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

04/26/10 CIMB Hiap Seng 0.66 1.15 Outperform PER11x
05/18/10 CIMB Hiap Seng 0.68 1.15 Outperform
08/10/10 CIMB Hiap Seng 0.64 0.89 Outperform PER8.5x
11/10/10 CIMB Hiap Seng 0.7 0.92 Outperform PER8.5x
01/20/11 CIMB Hiap Seng 0.655 0.75 Neutral PER7.5x

02/11/10 DBS Vickers Hiap Seng 0.62 0.94 Buy PER12x
05/25/10 DBS Vickers Hiap Seng 0.64 0.94 Buy PER12x
08/10/10 DBS Vickers Hiap Seng 0.635 0.94 Buy Blended PER10.5x
09/23/10 DBS Vickers Hiap Seng 0.65 0.94 Buy PER12x

Monday, January 24, 2011

Hersing - Buy call from Phillip.

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

09/23/10 phillip Hersing 0.3 0.355 Buy FCFE Model
11/18/10 phillip Hersing 0.28 0.355 Buy FCFE Model

Healthway Medical - Target price was downgraded by DMG despite a buy call.

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

05/26/10 DMG & Partners Healthway Medical 0.14 0.3 Buy
08/23/10 DMG & Partners Healthway Medical 0.18 0.23 Buy DCF

Celestial Nutrifood - Another S-chip goes up in smoke!

Celestial Nutrifood is winding up finally after being suspended for so long.

Beware when you invest in China stock or you will end up losing all your money.

Guocoland - Hold calls from analysts.

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

07/16/10 DBS Vickers Guocoland 2.16 2.08 Hold

11/16/10 OCBC Guocoland 2.25 2.08 Hold

Sunday, January 23, 2011

Guangzhao - Don't buy this stock as its shares were placed out so cheaply to 2 investors.

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

09/30/10 Lim & Tan Guangzhao 0.14 0 Sell Shares placed out to 2 investors @$0.04

Goodpack - Downgraded by some analysts.

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

05/24/10 AmFraser Goodpack 1.44 1.5 Accumulate PER15.7x

05/27/10 CIMB Goodpack 1.43 1.89 Outperform PER19x
08/06/10 CIMB Goodpack 1.74 1.89 Outperform
08/30/10 CIMB Goodpack 1.89 1.94 Neutral PER19x
09/08/10 CIMB Goodpack 1.86 2.05 Outperform PER19x
11/12/10 CIMB Goodpack 2.09 2.2 Neutral PER19x

02/10/10 DMG & Partners Goodpack 1.36 1.85 Buy DCF (25% discount)
05/17/10 DMG & Partners Goodpack 1.56 1.85 Buy
05/24/10 DMG & Partners Goodpack 1.44 1.85 Buy PER16.1x
06/21/10 DMG & Partners Goodpack 1.65 1.85 Buy
08/30/10 DMG & Partners Goodpack 1.89 1.82 Neutral DCF
11/12/10 DMG & Partners Goodpack 2.09 1.99 Neutral DCF

02/04/10 Kim Eng Goodpack 1.26 1.98 Buy PER20x
02/11/10 Kim Eng Goodpack 1.33 2.1 Buy PER20x
03/19/10 Kim Eng Goodpack 1.62 2.18 Buy PER20x
05/17/10 Kim Eng Goodpack 1.56 2.18 Buy PER20x
06/04/10 Kim Eng Goodpack 1.64 2.18 Buy PER20x
06/22/10 Kim Eng Goodpack 1.7 2.18 Buy PER20x
08/30/10 Kim Eng Goodpack 1.89 2.4 Buy PER22x
11/12/10 Kim Eng Goodpack 2.09 2.48 Buy PER25x

02/10/10 OCBC Goodpack 1.36 1.51 Buy DCF
05/18/10 OCBC Goodpack 1.54 1.77 Buy DCF
09/02/10 OCBC Goodpack 1.93 2.13 Buy
11/12/10 OCBC Goodpack 2.09 2.28 Buy DDM, PER18.5x

Saturday, January 22, 2011

Market analyses for US (Dow Jones Industrial Average Index), Japan (Nikkei 225 Index), Hong Kong (Hang Seng Index) & Singapore (Straits Times Index)

All the charts above are dated 21/01/11.

The 100-day simple moving averages for the daily transacted volumes are usually harbingers of what's to come in the future for the stock market indices.

Golden Agri - Phillips doesn't like plantation stock.

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

02/02/10 CIMB Golden Agri 0.52 0.69 Trading Buy
03/24/10 CIMB Golden Agri 0.56 0.69 Trading Buy PER18x
03/26/10 CIMB Golden Agri 0.54 0.69 Trading Buy
05/13/10 CIMB Golden Agri 0.55 0.72 Outperform PER18x
05/18/10 CIMB Golden Agri 0.54 0.72 Outperform PER18x
06/21/10 CIMB Golden Agri 0.54 0.62 Outperform PER15x
08/11/10 CIMB Golden Agri 0.6 0.62 Trading Buy PER15x
09/28/10 CIMB Golden Agri 0.565 0.62 Trading Buy PER15x
11/12/10 CIMB Golden Agri 0.76 0.88 Outperform PER18x
01/04/11 CIMB Golden Agri 0.82 0.88 Trading Buy

02/03/10 DMG & Partners Golden Agri 0.505 0.635 Buy
02/26/10 DMG & Partners Golden Agri 0.54 0.68 Trading Buy PER15x
05/13/10 DMG & Partners Golden Agri 0.55 0.68 Buy PER12x
08/12/10 DMG & Partners Golden Agri 0.57 0.68 Buy
08/18/10 DMG & Partners Golden Agri 0.575 0.68 Buy
08/23/10 DMG & Partners Golden Agri 0.56 0.5 Neutral PER11x
09/14/10 DMG & Partners Golden Agri 0.585 0.68 Trading Buy PER15x
11/15/10 DMG & Partners Golden Agri 0.76 0.87 Buy

09/06/10 Lim & Tan Golden Agri 0.575 0 Neutral

01/04/11 Nomura Golden Agri 0.82 0.85 Buy

02/26/10 OCBC Golden Agri 0.54 0.66 Buy
03/22/10 OCBC Golden Agri 0.565 0.66 Buy
04/06/10 OCBC Golden Agri 0.61 0.72 Buy PER17x
04/28/10 OCBC Golden Agri 0.6 0.72 Buy
06/21/10 OCBC Golden Agri 0.54 0.72 Buy
07/22/10 OCBC Golden Agri 0.565 0.72 Buy
08/12/10 OCBC Golden Agri 0.57 0.655 Buy PER16x
09/02/10 OCBC Golden Agri 0.56 0.655 Buy
10/26/10 OCBC Golden Agri 0.695 0.78 Buy PER16x
11/12/10 OCBC Golden Agri 0.76 0.78 Hold PER16x
12/14/10 OCBC Golden Agri 0.77 0.91 Buy PER17x

03/02/10 phillip Golden Agri 0.54 0.46 Hold DCF
05/13/10 phillip Golden Agri 0.55 0.66 Buy DCF
08/12/10 phillip Golden Agri 0.57 0.61 Hold DCF
10/06/10 phillip Golden Agri 0.58 0.61 Hold DCF
11/15/10 phillip Golden Agri 0.73 0.72 Hold DCF
01/20/11 phillip Golden Agri 0.76 0.74 Hold DCF

Global Palm Resources - Buy call from Amfraser.

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

01/05/11 Amfraser Global Palm Resources 0.37 0.51 Buy PER12x

Friday, January 21, 2011

Global Logistics - Buy calls from all analysts.

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

11/23/10 Citigroup Global Logistics 2.26 2.78 Buy
12/23/10 Citigroup Global Logistics 2.18 2.8 Buy NAV, PB1.53x
01/07/11 Citigroup Global Logistics 2.19 2.95 Buy NAV

11/24/10 DBS Vickers Global Logistics 2.18 2.76 Buy RNAV
11/30/10 DBS Vickers Global Logistics 2.22 2.76 Buy Sum of parts
12/20/10 DBS Vickers Global Logistics 2.26 2.76 Buy
01/06/11 DBS Vickers Global Logistics 2.16 2.76 Buy Sum of parts

11/19/10 JP Morgan Global Logistics 2.25 2.9 Overweight Sum of parts

11/19/10 Nomura Global Logistics 2.25 2.58 Buy

11/19/10 UBS Global Logistics 2.25 2.65 Buy
11/23/10 UBS Global Logistics 2.26 2.65 Buy

Gentings - HSBC doesn't like casino!

08/13/10 AmFraser Genting 1.28 2.13 Buy

08/25/10 CIMB Genting 1.54 1.88 Outperform Sum of parts
08/25/10 CIMB Genting 1.54 1.88 Outperform Sum of parts
10/11/10 CIMB Genting 1.98 2.45 Outperform Sum of parts
11/12/10 CIMB Genting 2.28 2.7 Outperform Sum of parts
01/04/11 CIMB Genting 2.22 2.7 Outperform

08/13/10 Citigroup Genting 1.46 1.55 Buy EV/Ebitda12.5x
09/15/10 Citigroup Genting 2.03 2.45 Buy Sum of parts & DCF
09/16/10 Citigroup Genting 1.97 2.45 Buy
11/15/10 Citigroup Genting 2.13 2.75 Buy

08/13/10 DBS Vickers Genting 1.28 2 Buy Sum of parts
08/20/10 DBS Vickers Genting 1.55 2 Buy
08/23/10 DBS Vickers Genting 1.5 2 Buy
09/16/10 DBS Vickers Genting 1.97 2.36 Buy EV/Ebitda16.5x
09/27/10 DBS Vickers Genting 2.01 2.36 Buy
11/12/10 DBS Vickers Genting 2.13 2.7 Buy Sum of parts
11/22/10 DBS Vickers Genting 2.04 2.7 Buy
11/23/10 DBS Vickers Genting 2.05 2.7 Buy

08/13/10 DMG & Partners Genting 1.28 2.02 Buy Sum of parts
09/17/10 DMG & Partners Genting 2.03 2.65 Buy Sum of parts
09/20/10 DMG & Partners Genting 2.09 2.65 Buy
09/29/10 DMG & Partners Genting 1.95 2.65 Buy EV/Ebitda16x
10/29/10 DMG & Partners Genting 2.16 2.65 Buy
11/12/10 DMG & Partners Genting 2.28 2.51 Buy Ev/Ebitda 16x
01/05/11 DMG & Partners Genting 2.08 2.51 Buy

11/19/10 HSBC Genting 2.04 2.05 Sell

09/30/10 Macquarie Genting 1.9 1.75 Neutral

08/20/10 Nomura Genting 1.55 1.01 Reduce
09/16/10 Nomura Genting 1.97 1.01 Reduce EV/Ebitda12x

08/13/10 OCBC Genting 1.28 1.66 Buy DCF
08/26/10 OCBC Genting 1.58 1.85 Buy DCF
09/02/10 OCBC Genting 1.69 1.85 Buy
10/01/10 OCBC Genting 1.95 2.38 Buy DCF
11/12/10 OCBC Genting 2.28 2.53 Buy DCF

01/17/11 phillip Genting 2.2 2.74 Buy EV/Ebitda 15x

08/13/10 RHB Genting 1.28 2.4 Outperform EV/Ebitda & DCF

10/22/10 UBS Genting 2.22 2.39 Neutral

08/20/10 UOB Kay Hian Genting 1.55 1.58 Hold

Thursday, January 20, 2011

Baltic Dry Index (BDI) - Fell to 1432.

Quote:

The Baltic Dry Index of costs for carrying commodities such as coal and iron ore by sea fell 19 per cent to 1,432 points this year, for a 12-month decline of 57 per cent, data from the Baltic Exchange in London show.

End Quote.

Gallant Venture - Strong buy from Kim Eng.

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

11/23/10 Kim Eng Gallant Venture 0.255 0.75 Buy
12/10/10 Kim Eng Gallant Venture 0.36 0.75 Buy

Fuxing - Buy calls from analysts.

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

08/11/10 DMG & Partners Fuxing 0.155 0.255 Buy Net cash PER6x
09/30/10 DMG & Partners Fuxing 0.17 0.255 Buy Ex-Cash PER6x
10/22/10 DMG & Partners Fuxing 0.16 0.255 Buy
11/10/10 DMG & Partners Fuxing 0.165 0.255 Buy
11/11/10 DMG & Partners Fuxing 0.165 0.255 Buy

12/27/10 NRA Fuxing 0.17 0.28 Buy PER11x

Wednesday, January 19, 2011

Frasers Commercial Trust - Mixed calls by analysts.

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

07/30/10 DBS Vickers Frasers Commercial Trust 0.15 0.16 Hold
10/25/10 DBS Vickers Frasers Commercial Trust 0.165 0.19 Hold DCF

11/18/10 OCBC Frasers Commercial Trust 0.16 0.17 Buy RNAV (40% discount)
12/10/10 OCBC Frasers Commercial Trust 0.165 0.18 Buy RNAV

07/30/10 phillip Frasers Commercial Trust 0.15 0.17 Hold
10/25/10 phillip Frasers Commercial Trust 0.165 0.18 Hold DDM

Frasers Centrepoint Trust - Downgraded by some analysts.

07/26/10 CIMB Frasers Centrepoint Trust 1.39 1.84 Outperform DDM
11/18/10 CIMB Frasers Centrepoint Trust 1.46 1.86 Outperform DDM
01/05/11 CIMB Frasers Centrepoint Trust 1.5 1.86 Outperform DDM

07/26/10 DBS Vickers Frasers Centrepoint Trust 1.39 1.66 Buy
08/23/10 DBS Vickers Frasers Centrepoint Trust 1.41 1.66 Buy
08/31/10 DBS Vickers Frasers Centrepoint Trust 1.38 1.66 Buy
10/27/10 DBS Vickers Frasers Centrepoint Trust 1.5 1.74 Buy
12/13/10 DBS Vickers Frasers Centrepoint Trust 1.44 1.74 Buy
12/17/10 DBS Vickers Frasers Centrepoint Trust 1.45 1.74 Buy

07/22/10 DMG & Partners Frasers Centrepoint Trust 1.39 1.66 Buy
07/26/10 DMG & Partners Frasers Centrepoint Trust 1.39 1.66 Buy DDM
10/27/10 DMG & Partners Frasers Centrepoint Trust 1.5 1.66 Buy DDM
01/10/11 DMG & Partners Frasers Centrepoint Trust 1.53 1.66 Buy

09/02/10 OCBC Frasers Centrepoint Trust 1.39 1.49 Buy
09/29/10 OCBC Frasers Centrepoint Trust 1.52 1.49 Hold
09/30/10 OCBC Frasers Centrepoint Trust 1.5 1.49 Hold
10/08/10 OCBC Frasers Centrepoint Trust 1.5 1.49 Hold
11/09/10 OCBC Frasers Centrepoint Trust 1.49 1.55 Hold
12/06/10 OCBC Frasers Centrepoint Trust 1.44 1.74 Buy
12/10/10 OCBC Frasers Centrepoint Trust 1.45 1.5 Hold
01/11/11 OCBC Frasers Centrepoint Trust 1.51 1.58 Hold

Foreland Fabritech - CIMB loves this stock!

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

11/29/10 CIMB Foreland Fabritech 0.09 0.16 Outperform

Tuesday, January 18, 2011

FJ Benjamin - Kim Eng loves fashion!

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

08/24/10 DMG & Partners FJ Benjamin 0.365 0.52 Buy DCF
11/15/10 DMG & Partners FJ Benjamin 0.41 0.52 Buy Under Review

08/24/10 Kim Eng FJ Benjamin 0.34 0.6 Buy DCF
11/15/10 Kim Eng FJ Benjamin 0.41 0.6 Buy DCF

First Ship Lease Trust - Hold calls as not much upside left.

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

06/10/10 DBS Vickers First Ship Lease Trust 0.395 0.36 Fully Valued
07/27/10 DBS Vickers First Ship Lease Trust 0.42 0.4 Fully Valued
10/26/10 DBS Vickers First Ship Lease Trust 0.47 0.45 Fully Valued Target yield 12%

05/19/10 OCBC First Ship Lease Trust 0.48 0.48 Hold FCFE Model (25% discount)

Monday, January 17, 2011

First Resources - Mixed calls by analysts.

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

01/18/10 DBS Vickers First Resources 1.24 1.16 Hold DCF
03/02/10 DBS Vickers First Resources 1.04 1.29 Buy
05/12/10 DBS Vickers First Resources 1.06 1.36 Buy
08/03/10 DBS Vickers First Resources 1.14 1.35 Buy DCF
11/22/10 DBS Vickers First Resources 1.39 1.55 Buy

01/13/10 DMG & Partners First Resources 1.23 1.4 Buy PER15x
03/03/10 DMG & Partners First Resources 1.03 1.4 Buy PER15x
04/09/10 DMG & Partners First Resources 1.17 1.5 Buy PER15x
05/12/10 DMG & Partners First Resources 1.07 1.4 Buy PER15x
05/14/10 DMG & Partners First Resources 1.1 1.4 Buy PER15x
06/15/10 DMG & Partners First Resources 1.07 1.4 Buy PER15x
08/17/10 DMG & Partners First Resources 1.13 1.54 Buy
08/17/10 DMG & Partners First Resources 1.13 1.54 Buy PER15x
11/16/10 DMG & Partners First Resources 1.4 1.87 Buy PER18x
12/09/10 DMG & Partners First Resources 1.54 2.05 Buy
12/13/10 DMG & Partners First Resources 1.53 2.05 Buy
12/23/10 DMG & Partners First Resources 1.48 2.05 Buy PER17.1x
01/05/11 DMG & Partners First Resources 1.41 2.05 Buy

09/28/10 phillip First Resources 1.14 1.33 Buy DCF
11/15/10 phillip First Resources 1.4 1.54 Hold DCF

09/06/10 UOB Kay Hian First Resources 1.13 1.13 Hold Buy @ $1

Wilmar is wrong to dabble in china property market.

For one to be successful in any business, one has to focus on its core competencies.  Wilmar is doing its investors a disservice by going into the property business in China even though it has partnered with local developers.

I would label Wilmar's latest move as wrong move at the wrong time when China is trying to cool down its property market.  Wilmar should not try to outbid other developers when China tries to curb the property market.

I hope Wilmar won't pay a painful lesson in China.

First Reit - OCBC likes this reit.

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

01/07/11 OCBC First Reit 0.74 0.84 Buy RNAV

Sunday, January 16, 2011

Falcon Energy - Buy calls from analysts.

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

11/09/10 DnB Nor Falcon Energy 0.5 0.7 Buy NAV 0.68, PER8.6x, EV/Ebitda9.3x

04/12/10 Kim Eng Falcon Energy 0.705 0.99 Buy PER11x, PEG0.4x
05/13/10 Kim Eng Falcon Energy 0.635 0.99 Buy PER11x
08/16/10 Kim Eng Falcon Energy 0.555 0.85 Buy PER10x
11/24/10 Kim Eng Falcon Energy 0.42 0.6 Buy PER10x

F&N - Downgraded by some anlaysts.

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

01/08/10 CIMB F & N 4.37 5.01 Outperform RNAV
03/05/10 CIMB F & N 4.35 5.31 Outperform RNAV
04/16/10 CIMB F & N 4.96 5.31 Outperform
04/19/10 CIMB F & N 4.89 5.31 Outperform
05/10/10 CIMB F & N 4.65 5.31 Outperform
05/17/10 CIMB F & N 4.7 5.9 Outperform Sum of parts
05/18/10 CIMB F & N 4.7 5.9 Outperform
06/14/10 CIMB F & N 4.91 5.9 Outperform
06/23/10 CIMB F & N 5.14 6.15 Outperform Sum of parts, PB1.1x
06/28/10 CIMB F & N 5.2 6.22 Outperform Sum of parts
07/19/10 CIMB F & N 5.47 6.34 Outperform Sum of parts
07/27/10 CIMB F & N 5.67 6.41 Outperform Sum of parts
08/16/10 CIMB F & N 5.7 6.41 Outperform Sum of parts
11/04/10 CIMB F & N 6.69 6.91 Neutral Sum of parts
11/15/10 CIMB F & N 6.58 6.91 Neutral Sum of parts

11/16/10 CLSA F & N 6.51 6.95 Outperform

03/29/10 DBS Vickers F & N 4.66 5.48 Buy RNAV (10% discount)
04/08/10 DBS Vickers F & N 4.97 5.48 Buy
05/17/10 DBS Vickers F & N 4.7 5.49 Buy RNAV (10% discount)
07/19/10 DBS Vickers F & N 5.47 5.9 Buy RNAV (10% discount)
07/27/10 DBS Vickers F & N 5.67 6.6 Buy Sum of parts
08/20/10 DBS Vickers F & N 5.54 6.4 Buy
11/15/10 DBS Vickers F & N 6.58 6.9 Hold RNAV (5% discount)

07/27/10 Deutsche F & N 5.67 6.3 Buy

03/31/10 DMG & Partners F & N 4.72 5.3 Buy Sum of parts
04/06/10 DMG & Partners F & N 5.05 5.3 Buy Sum of parts
04/16/10 DMG & Partners F & N 4.96 5.3 Buy
05/14/10 DMG & Partners F & N 4.7 5.3 Buy Sum of parts
07/27/10 DMG & Partners F & N 5.67 5.3 Neutral RNAV
08/05/10 DMG & Partners F & N 5.66 6 Neutral PER22x
08/16/10 DMG & Partners F & N 5.7 6 Neutral Sum of parts
08/27/10 DMG & Partners F & N 5.55 6 Neutral Sum of parts
10/01/10 DMG & Partners F & N 6.5 6.02 Neutral Sum of parts
11/15/10 DMG & Partners F & N 6.58 6.33 Neutral RNAV

02/12/10 Kim Eng F & N 3.92 4.28 Hold RNAV
05/17/10 Kim Eng F & N 4.7 4.71 Neutral RNAV
08/16/10 Kim Eng F & N 5.7 6.5 Buy
10/08/10 Kim Eng F & N 6.34 6.72 Hold Sum of parts
10/28/10 Kim Eng F & N 6.18 6.72 Hold RNAV (5% discount)
11/15/10 Kim Eng F & N 6.58 7.06 Hold Sum of parts
12/02/10 Kim Eng F & N 6.21 7.08 Buy Sum of parts (5% discount)
12/08/10 Kim Eng F & N 6.21 8.98 Buy Sum of parts

07/27/10 Lim & Tan F & N 5.67 0 Buy
09/17/10 Lim & Tan F & N 6.14 0 Buy

Saturday, January 15, 2011

Ezra - DnB Nor hated this stock!

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

10/26/10 BofA Ezra 1.78 0 Underperform

10/25/10 CIMB Ezra 1.82 3 Outperform Sum of parts
01/13/11 CIMB Ezra 1.81 3 Outperform Sum of parts

10/26/10 DMG & Partners Ezra 1.82 2.4 Buy PER15x
11/23/10 DMG & Partners Ezra 1.74 2.4 Buy
12/15/10 DMG & Partners Ezra 1.67 2.4 Buy PER15x
01/04/11 DMG & Partners Ezra 1.85 2.4 Buy
01/13/11 DMG & Partners Ezra 1.81 2.4 Buy PER15x

11/09/10 DnB Nor Ezra 1.77 1.45 Sell NAV 1.42, PER17.8x, EV/Ebitda17.2x

09/27/10 OCBC Ezra 1.76 2.52 Buy
10/04/10 OCBC Ezra 1.8 2.52 Buy
10/25/10 OCBC Ezra 1.82 2.27 Buy
11/22/10 OCBC Ezra 1.72 2.27 Buy
12/02/10 OCBC Ezra 1.66 2.27 Buy
01/13/11 OCBC Ezra 1.81 2.2 Buy

Ezion - Every analyst likes this stock!

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

01/18/10 CIMB Ezion 0.83 1 Outperform PER10x
03/02/10 CIMB Ezion 0.75 0.93 Outperform PER10x
04/28/10 CIMB Ezion 0.74 0.98 Outperform PER12x
05/14/10 CIMB Ezion 0.71 0.98 Outperform
05/18/10 CIMB Ezion 0.71 0.98 Outperform
05/31/10 CIMB Ezion 0.61 0.98 Outperform
06/08/10 CIMB Ezion 0.6 0.98 Outperform
07/21/10 CIMB Ezion 0.71 0.99 Outperform PER12x
07/27/10 CIMB Ezion 0.71 0.97 Outperform PER12x
08/06/10 CIMB Ezion 0.68 0.97 Outperform
08/19/10 CIMB Ezion 0.64 0.98 Outperform
11/12/10 CIMB Ezion 0.735 0.98 Outperform PER12x

02/25/10 DBS Vickers Ezion 0.74 0.92 Buy PER12x
05/14/10 DBS Vickers Ezion 0.71 0.87 Buy PER12x
07/14/10 DBS Vickers Ezion 0.665 0.88 Buy PER12x
07/27/10 DBS Vickers Ezion 0.705 0.86 Buy PER12x
08/13/10 DBS Vickers Ezion 0.64 0.86 Buy PER12x
09/01/10 DBS Vickers Ezion 0.61 0.82 Buy PER12x
09/27/10 DBS Vickers Ezion 0.685 0.82 Buy
01/03/11 DBS Vickers Ezion 0.69 1 Buy

06/16/10 DMG & Partners Ezion 0.635 0.87 Buy PER14x
06/17/10 DMG & Partners Ezion 0.66 0.87 Buy
07/15/10 DMG & Partners Ezion 0.665 0.87 Buy PER14x
07/20/10 DMG & Partners Ezion 0.69 0.87 Buy
07/21/10 DMG & Partners Ezion 0.69 0.87 Buy PER14x
07/27/10 DMG & Partners Ezion 0.705 0.85 Buy PER14x
08/13/10 DMG & Partners Ezion 0.64 0.89 Buy PER14x
10/14/10 DMG & Partners Ezion 0.72 0.89 Buy PER14x
11/12/10 DMG & Partners Ezion 0.735 1 Buy PER12x

09/02/10 Dnb Nor Ezion 0.61 0.9 Buy
11/09/10 DnB Nor Ezion 0.73 0.9 Buy NAV 0.8, DCF 0.92

02/25/10 Kim Eng Ezion 0.74 0.99 Buy PER15x
03/02/10 Kim Eng Ezion 0.75 0.99 Buy
04/06/10 Kim Eng Ezion 0.785 0.99 Buy
04/28/10 Kim Eng Ezion 0.74 0.99 Buy
05/14/10 Kim Eng Ezion 0.71 0.99 Buy PEG0.25x
07/14/10 Kim Eng Ezion 0.665 0.99 Buy PEG0.25x
07/27/10 Kim Eng Ezion 0.705 0.99 Buy PEG0.25x
08/13/10 Kim Eng Ezion 0.64 0.99 Buy PEG0.25x
10/14/10 Kim Eng Ezion 0.72 0.99 Buy
11/12/10 Kim Eng Ezion 0.735 0.99 Buy

06/30/10 OCBC Ezion 0.625 0.81 Buy PER12x
07/08/10 OCBC Ezion 0.63 0.81 Buy
07/14/10 OCBC Ezion 0.665 0.81 Buy
07/15/10 OCBC Ezion 0.7 0.81 Buy
09/02/10 OCBC Ezion 0.61 0.79 Buy
09/13/10 OCBC Ezion 0.655 0.79 Buy
09/27/10 OCBC Ezion 0.685 0.79 Buy
10/04/10 OCBC Ezion 0.69 0.79 Buy
10/15/10 OCBC Ezion 0.72 0.82 Buy PER12x
11/12/10 OCBC Ezion 0.735 0.82 Buy
12/02/10 OCBC Ezion 0.675 0.82 Buy

09/01/10 Pareto Ezion 0.61 0.85 Buy PER8.3x

Epicentre - New kid on the block!

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

01/06/11 DMG & Partners Epicentre 0.3 0.51 Buy PER8x

Friday, January 14, 2011

Baltic Dry Index (BDI) - Drops further to 1446.

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, fell 0.48 per cent, or seven points, to 1,446 points and was at its lowest since Feb 4, 2009.

End Quote.

Elec & Eltek - Buy calls from all analysts.

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

02/26/10 CIMB Elec & Eltek 1.87 2.85 Outperform PER8x
03/11/10 CIMB Elec & Eltek 2.2 2.85 Outperform
04/29/10 CIMB Elec & Eltek 2.22 3.48 Outperform PER8x
05/03/10 CIMB Elec & Eltek 2.39 3.48 Outperform PER8x
05/18/10 CIMB Elec & Eltek 2.35 3.48 Outperform
07/23/10 CIMB Elec & Eltek 2.53 3.48 Outperform PER8x
07/29/10 CIMB Elec & Eltek 2.77 4.04 Outperform PER8x
08/03/10 CIMB Elec & Eltek 2.97 4.04 Outperform PER8x
09/16/10 CIMB Elec & Eltek 2.67 4.04 Outperform PER8x
11/03/10 CIMB Elec & Eltek 3 4.3 Outperform PER8x

02/26/10 Lim & Tan Elec & Eltek 1.87 0 Buy
04/29/10 Lim & Tan Elec & Eltek 2.22 0 Buy
07/29/10 Lim & Tan Elec & Eltek 2.77 0 Buy
11/03/10 Lim & Tan Elec & Eltek 3 0 Buy
11/04/10 Lim & Tan Elec & Eltek 3.03 0 Buy

Design Studio - More MICEs, more profits!

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

02/25/10 Kim Eng Design Studio 0.635 1 Buy PER7.5x
03/15/10 Kim Eng Design Studio 0.605 1 Buy PER7.5x
06/17/10 Kim Eng Design Studio 0.475 0.9 Buy PER7.5x
07/01/10 Kim Eng Design Studio 0.565 0.9 Buy PER7.5x

Delong - Sell call by Lim & Tan.

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

01/26/10 Lim & Tan Delong 0.655 0 Sell

Thursday, January 13, 2011

Baltic Dry Index (BDI) - Drops to 1480 due to australia flood.

Quote:

The index, which gauges the cost of shipping commodities, fell one per cent, or 15 points, to 1,480 points and was at its lowest since April 9, 2009.

End Quote.

Debao Property - A good property developer in China?

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

07/02/10 UOB Kay Hian Debao Property 0.295 0.37 Buy RNAV (40% discount)

DBS - How is this bank doing?

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

02/05/10 CIMB DBS 14.2 16.28 Neutral PB1.4x
02/08/10 CIMB DBS 14.04 14.88 Underperform PB1.3x
04/30/10 CIMB DBS 15.3 14.88 Underperform
05/06/10 CIMB DBS 14.64 14.88 Underperform
05/18/10 CIMB DBS 14.36 14.88 Underperform
06/03/10 CIMB DBS 13.52 13.97 Underperform PB1.23x
07/30/10 CIMB DBS 14.5 13.97 Underperform PB1.23x
08/02/10 CIMB DBS 14.4 14.03 Underperform PB1.28x
08/05/10 CIMB DBS 14.5 14.03 Underperform PB1.28x
10/28/10 CIMB DBS 14.02 14.03 Underperform PB1.28x, Gordon Growth Model
11/04/10 CIMB DBS 14.1 17 Outperform PB1.45x & Gordon Growth Model
11/08/10 CIMB DBS 14.22 17 Outperform PB1.45x & Gordon Growth Model
11/16/10 CIMB DBS 14 17 Outperform
01/04/11 CIMB DBS 14.5 17 Outperform

01/27/10 DMG & Partners DBS 14.7 14 Neutral BV1.3x
02/05/10 DMG & Partners DBS 14.2 14 Neutral
03/31/10 DMG & Partners DBS 14.56 14 Neutral
04/30/10 DMG & Partners DBS 15.3 14 Neutral PB1.3x
05/07/10 DMG & Partners DBS 14.36 13.6 Neutral PB1.25x
05/10/10 DMG & Partners DBS 14.36 13.6 Neutral PB1.25x
06/01/10 DMG & Partners DBS 13.78 13.6 Neutral
07/15/10 DMG & Partners DBS 14.78 13.6 Neutral
07/30/10 DMG & Partners DBS 14.5 13.6 Neutral
08/02/10 DMG & Partners DBS 14.4 13.4 Neutral PB1.25x
08/05/10 DMG & Partners DBS 14.4 13.4 Neutral PB1.25x
10/15/10 DMG & Partners DBS 14.6 13.4 Neutral
11/08/10 DMG & Partners DBS 14.22 14.3 Neutral PB1.22x
11/19/10 DMG & Partners DBS 13.94 14.3 Neutral

02/08/10 Kim Eng DBS 14.04 17.4 Buy PB1.5x
03/08/10 Kim Eng DBS 14.06 17.4 Buy PB1.5x
05/10/10 Kim Eng DBS 14.36 17.8 Buy PB1.58x
08/02/10 Kim Eng DBS 14.4 17.4 Buy PB1.58x
11/08/10 Kim Eng DBS 14.22 13.4 Hold PB1.35x
11/22/10 Kim Eng DBS 13.9 13.3 Hold PB1.1x

06/07/10 Lim & Tan DBS 13.78 0 Buy
07/30/10 Lim & Tan DBS 14.5 0 Buy
10/04/10 Lim & Tan DBS 14.22 0 Buy
11/04/10 Lim & Tan DBS 14.1 0 Buy Div Yield 4%

02/02/10 OCBC DBS 14.16 16.6 Buy PB1.5x
02/08/10 OCBC DBS 14.04 16.6 Buy
05/10/10 OCBC DBS 14.36 16.6 Buy
09/02/10 OCBC DBS 13.88 16 Buy
11/08/10 OCBC DBS 14.22 16 Buy

01/19/10 phillip DBS 15.14 14.55 Hold NAV1.31x
02/08/10 phillip DBS 14.04 14.55 Hold NAV1.32x, Gordon Growth Model
05/03/10 phillip DBS 15.3 14.55 Hold Gordon Growth Model
05/10/10 phillip DBS 14.36 14.55 Hold Gordon Growth Model
08/02/10 phillip DBS 14.4 14.55 Hold
11/08/10 phillip DBS 14.22 14.55 Hold

Wednesday, January 12, 2011

Datapulse - Neutral call by Lim & Tan.

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

03/03/10 Lim & Tan Datapulse 0.235 0 Sell
09/13/10 Lim & Tan Datapulse 0.215 0 Neutral

Dapai - No more coverage for this company.

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

08/13/10 CIMB Dapai 0.23 0.36 Outperform PER5x, Cease coverage

Dairy Farm - Do you like to frequent 7-11 shop?

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

03/29/10 Citigroup Dairy Farm 6.53 6.7 Hold

Tuesday, January 11, 2011

CWT - A good logistics company!

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

04/13/10 CIMB CWT 1.09 1 Underperform PER14x
05/07/10 CIMB CWT 0.9 1.03 Neutral PER14x
05/18/10 CIMB CWT 0.96 1.03 Neutral
06/11/10 CIMB CWT 0.88 1.03 Outperform PER14x
08/06/10 CIMB CWT 1.01 1.03 Neutral PER14x
10/20/10 CIMB CWT 0.96 1.12 Outperform PER14x
11/09/10 CIMB CWT 0.965 1.12 Outperform PER14x
11/26/10 CIMB CWT 0.915 1.72 Outperform PER19x

01/28/10 DMG & Partners CWT 0.875 1.19 Buy PER16.6x
03/19/10 DMG & Partners CWT 1.04 1.19 Buy
05/10/10 DMG & Partners CWT 0.87 1.1 Buy PER18.1x
07/20/10 DMG & Partners CWT 0.91 1.1 Buy PER18x
08/06/10 DMG & Partners CWT 1.01 1.16 Buy PER16.6x
09/28/10 DMG & Partners CWT 0.98 1.1 Buy
11/10/10 DMG & Partners CWT 0.965 1.16 Buy PER16.6x
11/25/10 DMG & Partners CWT 0.91 1.16 Buy

01/26/10 Kim Eng CWT 0.895 1.08 Buy PER15x
02/02/10 Kim Eng CWT 0.93 1.23 Buy
02/26/10 Kim Eng CWT 0.9 1.32 Buy PER18x
03/25/10 Kim Eng CWT 1.07 1.3 Buy
05/07/10 Kim Eng CWT 0.895 1.25 Buy PER18x
08/06/10 Kim Eng CWT 1.01 1.4 Buy Sum of parts
09/06/10 Kim Eng CWT 0.91 1.34 Buy
11/09/10 Kim Eng CWT 0.965 1.33 Buy Sum of parts

CSE Global - Buy calls from all analysts.

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

02/26/10 CIMB CSE Global 0.88 1.37 Outperform PER11x
03/25/10 CIMB CSE Global 0.97 1.42 Outperform PER11x
04/05/10 CIMB CSE Global 1.02 1.42 Outperform PER11x
04/08/10 CIMB CSE Global 1.16 1.55 Outperform PER12x
04/15/10 CIMB CSE Global 1.19 1.55 Outperform PER12x
05/10/10 CIMB CSE Global 0.95 1.55 Outperform PER12x
05/14/10 CIMB CSE Global 1.01 1.55 Outperform
05/18/10 CIMB CSE Global 0.98 1.55 Outperform
05/31/10 CIMB CSE Global 0.865 1.55 Outperform PER12x
08/12/10 CIMB CSE Global 0.94 1.55 Outperform PER12x
11/12/10 CIMB CSE Global 1.16 1.71 Outperform PER12x
12/02/10 CIMB CSE Global 1.13 1.71 Outperform PER12x
12/29/10 CIMB CSE Global 1.26 1.61 Outperform PER10x

01/04/10 DBS Vickers CSE Global 0.85 1.18 Buy
02/26/10 DBS Vickers CSE Global 0.88 1.18 Buy PER12.5x
03/25/10 DBS Vickers CSE Global 0.97 1.25 Buy PER11x
05/11/10 DBS Vickers CSE Global 0.98 1.27 Buy PER12x
08/12/10 DBS Vickers CSE Global 0.935 1.27 Buy PER12x
09/27/10 DBS Vickers CSE Global 1.07 1.25 Buy
11/01/10 DBS Vickers CSE Global 1.06 1.25 Buy
12/13/10 DBS Vickers CSE Global 1.15 1.45 Buy
12/29/10 DBS Vickers CSE Global 1.25 1.45 Buy
01/04/11 DBS Vickers CSE Global 1.29 1.57 Buy PER12x

12/06/10 OCBC CSE Global 1.15 1.45 Buy

Monday, January 10, 2011

CSC - Target price is downgraded by DMG despite a buy call.

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

02/09/10 DMG & Partners CSC 0.16 0.29 Buy PER12x
04/07/10 DMG & Partners CSC 0.165 0.29 Buy
04/19/10 DMG & Partners CSC 0.175 0.29 Buy PER12x
05/24/10 DMG & Partners CSC 0.155 0.265 Buy PER12x
06/17/10 DMG & Partners CSC 0.16 0.265 Buy
07/01/10 DMG & Partners CSC 0.155 0.265 Buy
08/12/10 DMG & Partners CSC 0.16 0.265 Buy PER12x
09/29/10 DMG & Partners CSC 0.16 0.265 Buy
11/09/10 DMG & Partners CSC 0.17 0.235 Buy PER12x
11/23/10 DMG & Partners CSC 0.17 0.235 Buy

Baltic Dry Index (BDI) - 1519

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, fell 1.62 per cent, or 25 points, to 1,519 points last Friday and was at its lowest since April 14,2009.

End Quote.

Creative Tech - Not creative anymore.

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

02/04/10 DBS Vickers Creative Tech 5.93 5.46 Hold PB1x
08/10/10 DBS Vickers Creative Tech 4.01 3.51 Fully Valued PB0.8x

05/06/10 Lim & Tan Creative Tech 5.03 0 Sell
12/06/10 Lim & Tan Creative Tech 4.06 0 Sell
12/15/10 Lim & Tan Creative Tech 4.03 0 Sell

Sunday, January 9, 2011

Cosco - Mixed calls by analysts.

06/03/10 CIMB Cosco 1.33 1.41 Underperform Sum of parts
06/16/10 CIMB Cosco 1.45 1.24 Underperform Sum of parts
07/23/10 CIMB Cosco 1.61 1.24 Underperform Sum of parts
08/03/10 CIMB Cosco 1.68 1.41 Underperform
10/07/10 CIMB Cosco 1.87 2.01 Neutral PER15x
11/04/10 CIMB Cosco 1.94 2.2 Outperform PER15x
12/02/10 CIMB Cosco 2.06 2.63 Outperform PER18x

09/22/10 Citigroup Cosco 1.73 2.3 Buy

06/16/10 DBS Vickers Cosco 1.45 1.8 Buy Sum of parts
06/18/10 DBS Vickers Cosco 1.5 1.8 Buy Sum of parts
07/23/10 DBS Vickers Cosco 1.61 1.8 Buy Sum of parts
08/02/10 DBS Vickers Cosco 1.64 1.8 Buy
08/03/10 DBS Vickers Cosco 1.68 1.88 Buy Sum of parts
09/27/10 DBS Vickers Cosco 1.86 2.35 Buy
11/04/10 DBS Vickers Cosco 1.94 2.35 Buy Sum of parts & PB
11/22/10 DBS Vickers Cosco 2.08 2.35 Buy
12/02/10 DBS Vickers Cosco 2.06 2.35 Buy
12/13/10 DBS Vickers Cosco 2.11 2.35 Buy
12/16/10 DBS Vickers Cosco 2.14 2.76 Buy PER14x
01/03/11 DBS Vickers Cosco 2.11 2.76 Buy Sum of parts & PB4.19x
01/04/11 DBS Vickers Cosco 2.24 2.76 Buy

10/06/10 Deutsche Cosco 1.85 2.25 Buy

11/02/10 DMG & Partners Cosco 1.88 2.15 Neutral

06/16/10 Kim Eng Cosco 1.45 1.44 Hold PB3x
07/06/10 Kim Eng Cosco 1.45 1.44 Hold BV3x
07/23/10 Kim Eng Cosco 1.61 2.1 Buy BV4.2x
08/03/10 Kim Eng Cosco 1.68 2.1 Buy PB4.2x
08/05/10 Kim Eng Cosco 1.63 2.1 Buy
09/27/10 Kim Eng Cosco 1.86 2.1 Buy PB4.2x
11/02/10 Kim Eng Cosco 1.88 2.1 Buy
11/04/10 Kim Eng Cosco 1.94 2.43 Buy
11/04/10 Kim Eng Cosco 1.86 2.43 Buy PB4.8x

12/06/10 OCBC Cosco 2.11 2.35 Buy

07/01/10 phillip Cosco 1.49 1.65 Hold BV3.2x
08/03/10 phillip Cosco 1.68 1.65 Hold
09/24/10 phillip Cosco 1.85 1.65 Hold PB1.32x
11/04/10 phillip Cosco 1.94 2.32 Buy PB3.8x
12/15/10 phillip Cosco 2.14 2.32 Neutral

Contel - Will the reserve takeover save this company?

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

06/17/10 Lim & Tan Contel 0.01 0 Sell Insolvent

Lim & Tan deemed this company to be insolvent after looking through its financial statement in June but this company maybe magically revived by the reverse takeover if this really materializes.

ConscienceFood - Buy call from DBS Vickers.

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

12/09/10 DBS Vickers ConscienceFood 0.225 0.38 Buy PER7x

Comfortdelgro - Buy calls from all analysts.

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

05/18/10 AmFraser Comfortdelgro 1.5 1.89 Buy
08/16/10 AmFraser Comfortdelgro 1.57 1.89 Buy

05/18/10 CIMB Comfortdelgro 1.49 1.73 Underperform
08/16/10 CIMB Comfortdelgro 1.55 1.83 Outperform DCF
10/01/10 CIMB Comfortdelgro 1.52 1.9 Outperform DCF
11/15/10 CIMB Comfortdelgro 1.46 1.9 Outperform DCF

08/17/10 DBS Vickers Comfortdelgro 1.55 1.65 Hold
11/15/10 DBS Vickers Comfortdelgro 1.46 1.79 Buy DCF & PER15x

06/01/10 DMG & Partners Comfortdelgro 1.45 1.78 Buy
06/21/10 DMG & Partners Comfortdelgro 1.45 1.78 Buy
08/02/10 DMG & Partners Comfortdelgro 1.6 1.78 Buy
08/16/10 DMG & Partners Comfortdelgro 1.55 1.78 Buy DCF
08/17/10 DMG & Partners Comfortdelgro 1.55 1.78 Buy
09/03/10 DMG & Partners Comfortdelgro 1.53 1.78 Buy
10/21/10 DMG & Partners Comfortdelgro 1.49 1.74 Buy
10/22/10 DMG & Partners Comfortdelgro 1.5 1.74 Buy
11/15/10 DMG & Partners Comfortdelgro 1.46 1.85 Buy DCF
01/05/11 DMG & Partners Comfortdelgro 1.54 1.85 Buy

07/19/10 Kim Eng Comfortdelgro 1.51 1.87 Buy PER17x
08/16/10 Kim Eng Comfortdelgro 1.55 1.87 Buy PER17x
11/15/10 Kim Eng Comfortdelgro 1.46 1.87 Buy PER17x
12/17/10 Kim Eng Comfortdelgro 1.55 2.08 Buy PER17x

12/10/10 Macquarie Comfortdelgro 1.54 2 Outperform

06/04/10 phillip Comfortdelgro 1.41 1.73 Buy
08/12/10 phillip Comfortdelgro 1.58 1.73 Hold
08/16/10 phillip Comfortdelgro 1.55 1.75 Buy
11/15/10 phillip Comfortdelgro 1.46 1.75 Buy

Saturday, January 8, 2011

Combine Will - Buy call from Phillip.

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

11/15/10 phillip Combine Will 0.32 0.4 Buy

Friday, January 7, 2011

CitySpring - No prospect!

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

02/17/10 DBS Vickers CitySpring 0.62 0.62 Hold DDM
05/25/10 DBS Vickers CitySpring 0.595 0.67 Buy DDM

02/17/10 Kim Eng CitySpring 0.615 0.69 Buy
11/15/10 Kim Eng CitySpring 0.605 0.62 Hold
11/30/10 Kim Eng CitySpring 0.595 0.52 Sell FCFE Model

01/05/10 OCBC CitySpring 0.595 0.68 Buy DDM
02/12/10 OCBC CitySpring 0.61 0.68 Buy DDM
05/25/10 OCBC CitySpring 0.595 0.6 Hold DDM
06/24/10 OCBC CitySpring 0.595 0.6 Hold DDM
10/05/10 OCBC CitySpring 0.6 0 Cease Coverage No Prospect

City Developments - Mixed calls by analysts.

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

08/13/10 AmFraser City Developments 12 13.82 Buy RNAV
08/30/10 AmFraser City Developments 11.96 13.82 Buy

05/18/10 CIMB City Developments 10.48 12.09 neutral
05/20/10 CIMB City Developments 10.4 11.46 Neutral RNAV
06/14/10 CIMB City Developments 10.82 11.46 Neutral
06/15/10 CIMB City Developments 10.9 11.46 Neutral
10/18/10 CIMB City Developments 13.56 11.27 Underperform RNAV (10% discount)
11/11/10 CIMB City Developments 13.48 12.89 Underperform RNAV

07/20/10 Credit Suisse City Developments 11.4 13.18 Outperform
12/16/10 Credit Suisse City Developments 13 17.16 Outperform

06/16/10 DBS Vickers City Developments 10.9 12.04 Hold
07/16/10 DBS Vickers City Developments 11.34 12.04 Buy
08/13/10 DBS Vickers City Developments 12 12.52 Hold RNAV (15% premium)
12/20/10 DBS Vickers City Developments 12.92 13.26 Fully Valued

06/01/10 DMG & Partners City Developments 10.28 12.48 Buy
08/12/10 DMG & Partners City Developments 11.92 10.6 Neutral RNAV
08/13/10 DMG & Partners City Developments 11.92 10.6 Neutral RNAV
11/11/10 DMG & Partners City Developments 13.48 11.07 Neutral RNAV
12/03/10 DMG & Partners City Developments 12.32 11.07 Neutral RNAV
12/20/10 DMG & Partners City Developments 12.92 11.07 Neutral

06/23/10 Kim Eng City Developments 10.9 13.2 Buy RNAV (15% premium)
08/13/10 Kim Eng City Developments 12 13.8 Buy RNAV (15% premium)
09/15/10 Kim Eng City Developments 11.62 13.4 Buy RNAV (10% premium)
10/06/10 Kim Eng City Developments 12.3 13.95 Buy RNAV (10% premium)
11/12/10 Kim Eng City Developments 13.5 14.2 Hold

07/14/10 Lim & Tan City Developments 10.88 0 Buy
08/12/10 Lim & Tan City Developments 11.92 0 Buy
10/01/10 Lim & Tan City Developments 12.76 0 Buy
11/11/10 Lim & Tan City Developments 13.48 0 Buy

06/03/10 OCBC City Developments 10.24 11.11 Hold RNAV
06/07/10 OCBC City Developments 10.64 11.11 Hold RNAV
06/16/10 OCBC City Developments 10.9 11.11 Hold
07/05/10 OCBC City Developments 11.02 11.11 Hold
07/15/10 OCBC City Developments 11.04 11.16 Hold RNAV
07/16/10 OCBC City Developments 11.34 11.16 Hold
08/12/10 OCBC City Developments 11.92 11.16 Hold, Under Review RNAV
11/02/10 OCBC City Developments 12.86 11.16 Hold Under Review
11/11/10 OCBC City Developments 13.48 12.35 Hold RNAV
11/16/10 OCBC City Developments 13.04 13.26 Fully Valued

09/14/10 UBS City Developments 11.76 10.96 Sell

Thursday, January 6, 2011

China Zaino - Outperform call by CIMB.

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

02/25/10 CIMB China Zaino 0.24 0.34 Outperform PER4x
04/26/10 CIMB China Zaino 0.29 0.36 Outperform PER5x
04/29/10 CIMB China Zaino 0.27 0.36 Outperform PER5x

China XLX Fertiliser - Buy calls from analysts.

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

01/08/10 CIMB China XLX Fertiliser 0.67 0.72 Neutral PER12x
02/24/10 CIMB China XLX Fertiliser 0.52 0.72 Outperform PER12x
03/18/10 CIMB China XLX Fertiliser 0.58 0.72 Outperform PER7x
03/29/10 CIMB China XLX Fertiliser 0.575 0.72 Outperform
04/28/10 CIMB China XLX Fertiliser 0.58 0.72 Outperform PER7x
04/30/10 CIMB China XLX Fertiliser 0.6 0.72 Outperform
05/21/10 CIMB China XLX Fertiliser 0.52 0.72 Outperform PER7x
06/10/10 CIMB China XLX Fertiliser 0.495 0.72 Outperform PER7x
07/29/10 CIMB China XLX Fertiliser 0.53 0.72 Outperform PER7x
09/14/10 CIMB China XLX Fertiliser 0.555 0.72 Outperform PER7x
09/27/10 CIMB China XLX Fertiliser 0.58 0.72 Outperform PER7x
10/27/10 CIMB China XLX Fertiliser 0.59 0.71 Outperform PER7x
10/28/10 CIMB China XLX Fertiliser 0.58 0.71 Outperform PER7x
12/01/10 CIMB China XLX Fertiliser 0.59 0.71 Outperform PER7x

01/04/10 DBS Vickers China XLX Fertiliser 0.68 0.35 Fully Valued
01/08/10 DBS Vickers China XLX Fertiliser 0.67 0.35 Fully Valued
02/24/10 DBS Vickers China XLX Fertiliser 0.52 0.54 Hold PER12x
07/30/10 DBS Vickers China XLX Fertiliser 0.53 0.68 Buy PER14x
09/14/10 DBS Vickers China XLX Fertiliser 0.555 0.66 Buy PER14x
09/27/10 DBS Vickers China XLX Fertiliser 0.58 0.66 Buy
10/28/10 DBS Vickers China XLX Fertiliser 0.58 0.66 Buy PER14x
11/25/10 DBS Vickers China XLX Fertiliser 0.59 0.66 Buy

Wednesday, January 5, 2011

China Sunsine - Buy calls from analysts.

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

05/03/10 AmFraser China Sunsine 0.245 0.405 Buy
08/02/10 AmFraser China Sunsine 0.255 0.46 Buy

01/07/10 phillip China Sunsine 0.235 0.34 Buy PER7.5x
03/01/10 phillip China Sunsine 0.235 0.34 Buy PER7.5x
04/30/10 phillip China Sunsine 0.25 0.34 Buy PER7.5x
08/04/10 phillip China Sunsine 0.245 0.35 Buy PER7.5x
09/29/10 phillip China Sunsine 0.245 0.35 Buy
11/02/10 phillip China Sunsine 0.275 0.36 Buy PER7.5x
12/15/10 phillip China Sunsine 0.275 0.36 Buy

China Sports - Avoid call by Lim & Tan.

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

01/08/10 DBS Vickers China Sports 0.175 0.26 Buy PER8x
01/25/10 DBS Vickers China Sports 0.21 0.3 Buy PER8x
03/01/10 DBS Vickers China Sports 0.16 0.18 Hold PER6x
05/21/10 DBS Vickers China Sports 0.12 0.11 Fully Valued PER5x

11/24/10 Lim & Tan China Sports 0.11 0 Avoid

Tuesday, January 4, 2011

China Sky - Falling from the sky!

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

01/08/10 DBS Vickers China Sky 0.2 0.14 Fully Valued
03/02/10 DBS Vickers China Sky 0.19 0.14 Fully Valued PB0.2x, PER6.6x
05/17/10 DBS Vickers China Sky 0.18 0.14 Fully Valued PER6.6x, PB0.2x

China Minzhong - Buy calls from analysts.

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

11/15/10 CIMB China Minzhong 1.24 1.65 Outperform PER6.3x

09/07/10 DBS Vickers China Minzhong 1.37 1.58 Buy DCF
09/27/10 DBS Vickers China Minzhong 1.39 1.58 Buy
11/19/10 DBS Vickers China Minzhong 1.25 1.6 Buy PER10.3x

07/13/10 DMG & Partners China Minzhong 1.2 1.68 Buy PER9x
07/14/10 DMG & Partners China Minzhong 1.2 1.68 Buy
08/23/10 DMG & Partners China Minzhong 1.3 1.68 Buy
08/25/10 DMG & Partners China Minzhong 1.27 1.68 Buy Under Review
09/01/10 DMG & Partners China Minzhong 1.28 1.78 Buy PER9x
09/13/10 DMG & Partners China Minzhong 1.38 1.78 Buy
10/22/10 DMG & Partners China Minzhong 1.37 1.78 Buy
11/16/10 DMG & Partners China Minzhong 1.24 1.78 Buy

09/08/10 Lim & Tan China Minzhong 1.38 0 Buy
10/04/10 Lim & Tan China Minzhong 1.37 0 Buy
11/12/10 Lim & Tan China Minzhong 1.25 0 Buy Near IPO price of $1.20
11/15/10 Lim & Tan China Minzhong 1.24 0 Buy PER7x

11/24/10 Macquarie China Minzhong 1.27 1.8 Buy

Monday, January 3, 2011

China Merchant - Buy call from DBS Vickers.

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

01/08/10 DBS Vickers China Merchant 0.61 0.81 Buy
02/26/10 DBS Vickers China Merchant 0.64 0.81 Buy

China Hongxing - Lim & Tan is very concerned about this stock.

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

01/08/10 DBS Vickers China Hongxing 0.2 0.22 Hold
03/02/10 DBS Vickers China Hongxing 0.175 0.13 Fully Valued PER15x

04/16/10 DMG & Partners China Hongxing 0.155 0.22 Buy PB0.7x
04/19/10 DMG & Partners China Hongxing 0.155 0.22 Buy PB0.7x
07/29/10 DMG & Partners China Hongxing 0.155 0.22 Buy
08/12/10 DMG & Partners China Hongxing 0.155 0.22 Buy
09/09/10 DMG & Partners China Hongxing 0.2 0.22 Buy
10/15/10 DMG & Partners China Hongxing 0.19 0.22 Buy

02/05/10 Lim & Tan China Hongxing 0.175 0 Buy
02/18/10 Lim & Tan China Hongxing 0.175 0 Buy
03/02/10 Lim & Tan China Hongxing 0.175 0 Sell
03/18/10 Lim & Tan China Hongxing 0.15 0 Sell
05/13/10 Lim & Tan China Hongxing 0.135 0 Sell
05/27/10 Lim & Tan China Hongxing 0.12 0 Sell
08/11/10 Lim & Tan China Hongxing 0.155 0 Sell
09/09/10 Lim & Tan China Hongxing 0.2 0 Sell Receivables & Prepayments Risks

Sunday, January 2, 2011

Market analyses for US market (Dow Jones Industrial Average Index), Japan market (Nikkei 225 Index), Hong Kong market (Hang Seng Index) & Singapore market (Straits Times Index)

The chart dated 01/01/11 above indicated declining trading volumes due to end of the year festivals and there were not much window dressings done by the funds as DJIA was only moving sideways.
The chart dated 01/01/11 above indicated the same phemonemon in Japan.
The chart dated 01/01/11 indicated the same phemonemon in Hong Kong market.
The chart dated 01/01/11 indicated the same phemonemon in Singapore market.

China Fishery - Not everyone likes fishing.

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

01/21/10 CIMB China Fishery 1.86 2.3 Outperform PER11x
02/11/10 CIMB China Fishery 1.7 2.3 Outperform PER11x
04/30/10 CIMB China Fishery 2.16 2.3 Outperform
06/22/10 CIMB China Fishery 1.94 1.6 Underperform PER7.6x
06/30/10 CIMB China Fishery 1.83 1.7 Neutral PER9.4x
08/11/10 CIMB China Fishery 1.87 1.75 Neutral PER9.4x
09/22/10 CIMB China Fishery 1.94 1.75 Neutral PER9.4x
11/26/10 CIMB China Fishery 2.18 2.55 Outperform PER12.5x
12/21/10 CIMB China Fishery 2.27 2.55 Outperform PER12.5x

01/04/10 DBS Vickers China Fishery 1.32 1.63 Buy PER8x
01/08/10 DBS Vickers China Fishery 1.41 1.63 Buy
02/11/10 DBS Vickers China Fishery 1.7 2.5 Buy PER10x
05/13/10 DBS Vickers China Fishery 2.15 2.5 Buy PER10x
06/30/10 DBS Vickers China Fishery 1.83 2.2 Buy PER10x
07/12/10 DBS Vickers China Fishery 2 2.12 Hold PER10x
08/11/10 DBS Vickers China Fishery 1.87 2.12 Hold PER10x
11/26/10 DBS Vickers China Fishery 2.18 1.83 Fully Valued PER10x
12/20/10 DBS Vickers China Fishery 2.26 2.38 Fully Valued PER13x

10/08/10 Deutsche China Fishery 2.1 2.6 Buy PER11x

01/14/10 DMG & Partners China Fishery 1.88 1.84 Neutral PER7.1x
01/22/10 DMG & Partners China Fishery 1.87 2.4 Buy PER9.3x
02/11/10 DMG & Partners China Fishery 1.7 2.4 Buy PER9.3x
02/18/10 DMG & Partners China Fishery 1.8 2.4 Buy
04/20/10 DMG & Partners China Fishery 2.15 2.4 Buy
05/14/10 DMG & Partners China Fishery 2.15 2.4 Buy PER8.6x
05/19/10 DMG & Partners China Fishery 2.05 2.4 Buy PER8.6x
06/03/10 DMG & Partners China Fishery 1.83 2.4 Buy PER8.6x
06/30/10 DMG & Partners China Fishery 1.83 2.1 Buy PER8.6x
07/21/10 DMG & Partners China Fishery 1.97 1.98 Neutral PER8.6x
08/11/10 DMG & Partners China Fishery 1.87 1.98 Neutral PER8.6x
11/26/10 DMG & Partners China Fishery 2.18 2 Neutral PER9.2x
12/21/10 DMG & Partners China Fishery 2.26 2 Neutral PER9.2x

Saturday, January 1, 2011

China Essence - Downgraded by Lim & Tan.

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

02/10/10 Lim & Tan China Essence 0.39 0 Buy
06/03/10 Lim & Tan China Essence 0.42 0 Hold

China Environment - Buy call from DMG.

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

10/22/10 DMG & Partners China Environment 0.255 0.32 Buy PATMI