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