SMRT - Mixed calls from analysts.

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

08/03/10	AmFraser	SMRT	2.1	1.99	Hold
05/18/10	CIMB	SMRT	2.11	2.35	Neutral
08/02/10	CIMB	SMRT	2.22	2.31	Buy	DCF
09/17/10	CIMB	SMRT	2.09	1.95	Underperform	DCF
01/31/11	CIMB	SMRT	2.05	2.1	Underperform	DCF
05/03/11	CIMB	SMRT	1.9	2.03	Underperform	DCF
05/09/11	CIMB	SMRT	1.9	2.03	Underperform
07/30/10	Citigroup	SMRT	2.1	1.9	Sell
12/15/10	CLSA	SMRT	2.04	2.05	Underperform
08/02/10	DBS Vickers	SMRT	2.22	1.88	Fully Valued	DCF & PER15x
08/17/10	DBS Vickers	SMRT	2.1	1.88	Fully Valued
11/01/10	DBS Vickers	SMRT	2.05	1.88	Fully Valued	PER15x & DCF
01/31/11	DBS Vickers	SMRT	2.05	2.15	Hold	PER, DCF
02/22/11	DBS Vickers	SMRT	2	2.15	Hold
03/11/11	DBS Vickers	SMRT	1.93	2.03	Hold	DCF & PER17x
05/03/11	DBS Vickers	SMRT	1.9	2.08	Hold	DCF & PER
05/17/10	DMG & Partners	SMRT	2.11	2	Sell
06/07/10	DMG & Partners	SMRT	2.14	2	Sell
06/21/10	DMG & Partners	SMRT	2.22	2	Sell
08/02/10	DMG & Partners	SMRT	2.22	2	Sell	PER20x
08/17/10	DMG & Partners	SMRT	2.1	2	Sell
09/03/10	DMG & Partners	SMRT	2.06	2	Sell
10/21/10	DMG & Partners	SMRT	2.04	2.08	Neutral
01/12/11	DMG & Partners	SMRT	2.05	2.08	Neutral	PATMI 18x
01/13/11	DMG & Partners	SMRT	2.06	2.08	Neutral
01/18/11	DMG & Partners	SMRT	2.07	2.08	Neutral	PATMI 18x
01/31/11	DMG & Partners	SMRT	2.05	2.02	Neutral	DCF
02/25/11	DMG & Partners	SMRT	1.95	2.02	Neutral
03/09/11	DMG & Partners	SMRT	1.93	2.02	Neutral
03/10/11	DMG & Partners	SMRT	1.93	2.02	Neutral
03/14/11	DMG & Partners	SMRT	1.91	1.75	Neutral
08/02/10	Kim Eng	SMRT	2.22	1.57	Sell	PER17x
09/28/10	Kim Eng	SMRT	2.07	1.71	Sell
11/01/10	Kim Eng	SMRT	2.05	1.71	Sell
01/31/11	Kim Eng	SMRT	2.05	1.97	Hold	PER17x
05/03/11	Kim Eng	SMRT	1.9	2	Hold
08/02/10	Lim & Tan	SMRT	2.22	2	Buy	Buy when hit $2, Div Yield 4.4%
08/10/10	Lim & Tan	SMRT	2.04	0	Buy
01/03/11	Macquarie	SMRT	2.03	1.75	Underperform
05/27/10	OCBC	SMRT	2.11	2.33	Buy
08/02/10	OCBC	SMRT	2.22	2.16	Hold	DDM
10/18/10	OCBC	SMRT	2.06	2.16	Hold
01/14/11	OCBC	SMRT	2.06	2.16	Hold	DDM
04/15/11	OCBC	SMRT	1.89	2.16	Hold	Under Review
05/03/11	OCBC	SMRT	1.9	2.07	Hold
05/21/10	phillip	SMRT	2.1	2.36	Hold
07/20/10	phillip	SMRT	2.3	2.36	Hold
08/02/10	phillip	SMRT	2.22	2.18	Hold
10/25/10	phillip	SMRT	2.06	2.18	Hold	PER19.6x
11/01/10	phillip	SMRT	2.05	2.18	Hold
02/01/11	phillip	SMRT	2.04	2.18	Hold
03/03/11	phillip	SMRT	1.95	2.3	Buy
04/27/11	phillip	SMRT	1.87	2.3	Buy
05/03/11	phillip	SMRT	1.9	2.22	Buy	DCF & PER