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