China XLX Fertiliser - Only CLSA liked this S-Chip.

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

01/07/11 CIMB China XLX Fertiliser 0.61 0.45 Underperform PER7x
01/28/11 CIMB China XLX Fertiliser 0.52 0.45 Underperform PER7x
02/28/11 CIMB China XLX Fertiliser 0.425 0.39 Underperform PER7x

02/17/11 CLSA China XLX Fertiliser 0.5 0.63 Buy
02/21/11 CLSA China XLX Fertiliser 0.48 0.63 Buy

02/17/11 DBS Vickers China XLX Fertiliser 0.5 0.42 Fully Valued PER13x
02/28/11 DBS Vickers China XLX Fertiliser 0.425 0.42 Fully Valued PER13x

China Sunsine - Phillip reiterated its buy call for this S-Chip.

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

01/21/11 phillip China Sunsine 0.315 0.36 Buy
03/03/11 phillip China Sunsine 0.27 0.36 Buy PER7.5x

China Minzhong - Lim & Tan downgraded this S-Chip.

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

02/15/11 CIMB China Minzhong 1.51 1.85 Outperform PER7x

03/25/11 DBS Vickers China Minzhong 1.56 1.8 Buy

02/07/11 DMG & Partners China Minzhong 1.54 1.78 Buy
02/09/11 DMG & Partners China Minzhong 1.55 1.78 Buy
02/15/11 DMG & Partners China Minzhong 1.51 1.78 Buy PER9x
02/16/11 DMG & Partners China Minzhong 1.51 2.08 Buy PER9x
02/28/11 DMG & Partners China Minzhong 1.74 2.08 Buy
03/25/11 DMG & Partners China Minzhong 1.56 2.08 Buy

01/04/11 Kim Eng China Minzhong 1.39 1.8 Buy PER9x
02/16/11 Kim Eng China Minzhong 1.57 1.9 Buy PER9x

01/05/11 Lim & Tan China Minzhong 1.42 0 Buy
01/25/11 Lim & Tan China Minzhong 1.48 0 Buy
02/18/11 Lim & Tan China Minzhong 1.67 0 Buy
03/02/11 Lim & Tan China Minzhong 1.8 0 Hold

China Hongxing - Lim & Tan was right again for asking investors to sell this S-Chip.

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

02/28/11 Lim & Tan China Hongxing 0.115 0 Sell A/C irregularities

China Gaoxian - Lim & Tim was right in asking investors to get out of this S-Chip.

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

01/14/11 Lim & Tan China Gaoxian 0.445 0 Take Profit

China Flexible - Buy call from CIMB.

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

09/17/10 CIMB China Flexible 0.205 0.34 Buy

China Fishery - Only CIMB likes fishing.

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

02/07/11 CIMB China Fishery 2.18 2.55 Outperform PER12.5x

02/07/11 DBS Vickers China Fishery 2.18 2.38 Hold PER13x

02/07/11 DMG & Partners China Fishery 2.14 2.18 Neutral PER10x
02/28/11 DMG & Partners China Fishery 1.91 2.18 Neutral

China Farm - Good to invest in agricultural market.

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

02/08/11 DMG & Partners China Farm 0.255 0.43 Buy PER11x
03/03/11 DMG & Partners China Farm 0.265 0.43 Buy PER11x

China Environment - Buy call from DMG.

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

02/17/11 DMG & Partners China Environment 0.215 0.29 Under Review
02/18/11 DMG & Partners China Environment 0.21 0.31 Buy PATMI 9x

China Animal - Buy calls from analysts.

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

02/14/11 Amfraser China Animal 0.355 0.47 Buy PER14x

02/09/11 DBS Vickers China Animal 0.36 0.45 Buy PER13x
02/09/11 DBS Vickers China Animal 0.36 0.45 Buy
02/24/11 DBS Vickers China Animal 0.32 0.45 Buy PER13x

01/05/11 DMG & Partners China Animal 0.4 0.48 Buy
02/07/11 DMG & Partners China Animal 0.35 0.48 Buy
02/09/11 DMG & Partners China Animal 0.36 0.48 Buy
02/24/11 DMG & Partners China Animal 0.315 0.48 Buy
02/25/11 DMG & Partners China Animal 0.31 0.48 Buy EV/Ebitda 7x, PER15x
02/28/11 DMG & Partners China Animal 0.31 0.48 Buy
03/21/11 DMG & Partners China Animal 0.29 0.48 Buy

01/27/11 Kim Eng China Animal 0.335 0.48 Buy PER15x
02/24/11 Kim Eng China Animal 0.315 0.48 Buy

CH Offshore - Hold call by DBS Vickers.

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

01/03/11 DBS Vickers CH Offshore 0.48 0.6 Hold
01/31/11 DBS Vickers CH Offshore 0.49 0.6 Hold PER9x

Cerebos - CIMB still likes chicken essence.

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

02/02/11 CIMB Cerebos 4.87 7.3 Outperform Sum of parts

CDL Hospitality - Mixed calls by analysts.

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

01/05/11 CIMB CDL Hospitality 2.08 2.21 Neutral DDM
01/27/11 CIMB CDL Hospitality 2.09 2.14 Neutral DDM
03/03/11 CIMB CDL Hospitality 1.94 2.14 Neutral DDM

01/27/11 DBS Vickers CDL Hospitality 2.09 2.3 Buy
03/02/11 DBS Vickers CDL Hospitality 1.97 2.3 Buy
03/03/11 DBS Vickers CDL Hospitality 1.94 2.3 Buy DDM
03/09/11 DBS Vickers CDL Hospitality 2.02 2.3 Buy

01/05/11 DMG & Partners CDL Hospitality 2.04 2.39 Buy
01/26/11 DMG & Partners CDL Hospitality 2.09 2.39 Buy
01/27/11 DMG & Partners CDL Hospitality 2.08 2.39 Buy DDM
03/02/11 DMG & Partners CDL Hospitality 1.97 2.46 Buy
03/03/11 DMG & Partners CDL Hospitality 1.94 2.46 Buy DDM

01/26/11 Lim & Tan CDL Hospitality 2.09 0 Buy
03/02/11 Lim & Tan CDL Hospitality 1.97 0 Buy

02/10/11 Morgan Stanley CDL Hospitality 2.06 2.3 Overweight

03/16/11 OCBC CDL Hospitality 10.52 11.89 Hold

01/05/11 phillip CDL Hospitality 2.08 2.38 Buy PB1.6x
01/27/11 phillip CDL Hospitality 2.09 2.38 Buy

CapitaRetail China - Nobody likes China reit?

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

07/26/10 DBS Vickers CapitaRetail China 1.26 1.26 Hold
10/21/10 DBS Vickers CapitaRetail China 1.25 1.3 Hold
01/27/11 DBS Vickers CapitaRetail China 1.27 1.28 Hold
03/09/11 DBS Vickers CapitaRetail China 1.23 1.28 Hold

Capitamalls Asia - CIMB doesn't like this reit.

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

02/17/11 CIMB Capitamalls Asia 1.96 2.15 Underperform RNAV
02/18/11 CIMB Capitamalls Asia 1.92 2.24 Neutral RNAV

02/18/11 DBS Vickers Capitamalls Asia 1.92 2.51 Buy RNAV (10% premium)
03/16/11 DBS Vickers Capitamalls Asia 1.67 2.51 Buy

02/09/11 DIR Capitamalls Asia 2.01 2.65 Outperform

02/17/11 OCBC Capitamalls Asia 1.96 2.4 Under Review
02/18/11 OCBC Capitamalls Asia 1.92 2.15 Buy RNAV
03/16/11 OCBC Capitamalls Asia 1.59 2.15 Buy

Capitamall Trust - Mixed calls for this reit.

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

01/05/11 CIMB Capitamall Trust 1.97 1.98 Underperform DDM
01/21/11 CIMB Capitamall Trust 1.89 1.95 Underperform DDM
03/02/11 CIMB Capitamall Trust 1.86 2 Neutral DDM

03/02/11 Citigroup Capitamall Trust 1.86 2 Buy

01/21/11 DBS Vickers Capitamall Trust 1.89 2.08 Buy
02/16/11 DBS Vickers Capitamall Trust 1.83 2.08 Buy
03/02/11 DBS Vickers Capitamall Trust 1.86 2.08 Buy DCF
03/09/11 DBS Vickers Capitamall Trust 1.84 2.08 Buy

03/04/11 DIR Capitamall Trust 1.8 1.97 Outperform
03/07/11 DIR Capitamall Trust 1.82 1.97 Outperform

01/20/11 DMG & Partners Capitamall Trust 1.9 2.05 Neutral DDM
01/21/11 DMG & Partners Capitamall Trust 1.9 2 Neutral
02/17/11 DMG & Partners Capitamall Trust 1.83 2 Neutral
03/01/11 DMG & Partners Capitamall Trust 1.81 2 Neutral

01/24/11 IIFL Capitamall Trust 1.91 2.38 Buy

01/21/11 Kim Eng Capitamall Trust 1.89 2.32 Buy DDM
01/24/11 Kim Eng Capitamall Trust 1.91 2.32 Buy

03/11/11 Lim & Tan Capitamall Trust 1.83 0 Buy

02/10/11 Morgan Stanley Capitamall Trust 1.89 1.8 Underweight

01/21/11 OCBC Capitamall Trust 1.89 1.96 Hold RNAV
02/22/11 OCBC Capitamall Trust 1.82 1.98 Buy RNAV
02/28/11 OCBC Capitamall Trust 1.78 1.98 Buy
03/02/11 OCBC Capitamall Trust 1.86 2 Buy RNAV
03/03/11 OCBC Capitamall Trust 1.81 2 Buy

02/28/11 UOB Kay Hian Capitamall Trust 1.78 1.85 Sell

Capitaland - Mixed calls for this mega property developer.

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

02/23/11 CIMB Capitaland 3.29 4.04 Neutral RNAV (15% discount)
02/25/11 CIMB Capitaland 3.27 4.04 Neutral RNAV (15% discount)

12/16/10 DBS Vickers Capitaland 3.68 4.95 Buy
12/20/10 DBS Vickers Capitaland 3.62 4.96 Buy
02/22/11 DBS Vickers Capitaland 3.36 4.95 Buy
02/25/11 DBS Vickers Capitaland 3.27 4.76 Buy
03/16/11 DBS Vickers Capitaland 3.26 4.76 Buy

02/24/11 DMG & Partners Capitaland 3.29 4.33 Buy RNAV

02/17/11 Kim Eng Capitaland 3.4 4.3 Buy RNAV
02/23/11 Kim Eng Capitaland 3.29 4.3 Buy RNAV

01/05/11 OCBC Capitaland 3.76 4.48 Buy RNAV
02/23/11 OCBC Capitaland 3.29 4.03 Buy RNAV
03/16/11 OCBC Capitaland 3.13 4.03 Buy

02/23/11 UOB Kay Hian Capitaland 3.28 3.7 Hold

CapitaCommercial - Mixed calls by analysts.

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

01/05/11 CIMB CapitaCommercial 1.54 1.41 Neutral DDM
01/20/11 CIMB CapitaCommercial 1.53 1.38 Underperform DDM
01/28/11 CIMB CapitaCommercial 1.46 1.38 Underperform

03/09/11 DBS Vickers CapitaCommercial 1.45 1.57 Hold

01/19/11 DMG & Partners CapitaCommercial 1.51 1.55 Neutral DDM

01/20/11 Kim Eng CapitaCommercial 1.53 1.25 Hold DDM

01/31/11 Lim & Tan CapitaCommercial 1.46 0 Buy

01/20/11 OCBC CapitaCommercial 1.53 1.61 Buy RNAV
02/10/11 OCBC CapitaCommercial 1.49 1.61 Buy
03/03/11 OCBC CapitaCommercial 1.43 1.61 Buy

Cambridge Industrial - Analysts likes this reit.

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

02/14/11 DBS Vickers Cambridge Industrial 0.515 0.58 Buy DCF
03/09/11 DBS Vickers Cambridge Industrial 0.505 0.58 Buy
03/14/11 DBS Vickers Cambridge Industrial 0.5 0.58 Buy

01/19/11 DMG & Partners Cambridge Industrial 0.52 0.61 Buy
03/11/11 DMG & Partners Cambridge Industrial 0.51 0.61 Buy DDM

02/14/11 phillip Cambridge Industrial 0.515 0.61 Buy Div Yield 9.4%

Cache Logistics - Well-loved by analysts.

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

01/04/11 CIMB Cache Logistics 0.97 1.3 Outperform
01/05/11 CIMB Cache Logistics 0.96 1.3 Outperform DDM
01/28/11 CIMB Cache Logistics 0.99 1.32 Outperform DDM
03/15/11 CIMB Cache Logistics 0.94 1.32 Outperform DDM

01/28/11 DBS Vickers Cache Logistics 0.99 1.11 Buy
03/09/11 DBS Vickers Cache Logistics 0.95 1.11 Buy

03/14/11 OCBC Cache Logistics 0.935 1.03 Buy RNAV
03/18/11 OCBC Cache Logistics 0.92 1.04 Buy RNAV

C&O Pharm - Buy call from Phillip.

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

02/14/11 phillip C&O Pharm 0.42 0.65 Buy PER13.7x

Bukit Sembawang - Mixed calls by analysts.

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

01/10/11 CIMB Bukit Sembawang 4.77 5.86 Outperform RNAV (30% discount)

03/16/11 DBS Vickers Bukit Sembawang 4.35 5.25 Hold

Broadway - Mixed calls by analysts.

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

02/17/11 CIMB Broadway 0.99 1.84 Outperform PER8x

02/17/11 DBS Vickers Broadway 0.99 0.91 Hold PER4.5x

02/21/11 DMG & Partners Broadway 1.06 1.27 Buy PER7.1x

02/17/11 Lim & Tan Broadway 0.99 0 Neutral

02/22/11 NRA Broadway 1 1.93 Buy PER8x

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 charts above dated 18/03/2011 show the inflows and outflows of funds in the stock markets by displaying the moving averages of 100-day volumes (blue line).  The flows of funds usually determine the future trajectories of a stock market.

Breadtalk - Do you still like pork floss bun?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
 
02/25/11 Kim Eng Breadtalk 0.61 0 Under Review
 
03/10/11 OCBC Breadtalk 0.66 0.74 Buy DCF

Boustead - Mixed calls from analysts.

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

02/15/11 DBS Vickers Boustead 1.06 1.1 Hold Sum of parts
02/22/11 DBS Vickers Boustead 1.02 1.1 Hold

01/03/11 Kim Eng Boustead 1.1 1.39 Buy Sum of parts, PER10.9x
01/27/11 Kim Eng Boustead 1.11 1.39 Buy Sum of parts
02/15/11 Kim Eng Boustead 1.06 1.39 Buy
03/01/11 Kim Eng Boustead 0.935 1.39 Buy Under Review

Biosensors - Mixed calls from analysts.

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

01/31/11 DBS Vickers Biosensors 1.14 1.2 Hold
02/18/11 DBS Vickers Biosensors 1.04 1.13 Hold Sum of parts

01/31/11 OCBC Biosensors 1.14 1.36 Buy DCF
02/18/11 OCBC Biosensors 1.04 1.36 Under Review
02/21/11 OCBC Biosensors 1.01 1.36 Buy
03/14/11 OCBC Biosensors 1.18 1.36 Buy

Beyonics - No cure for this company.

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

03/07/11 Lim & Tan Beyonics 0.195 0 Sell
03/14/11 Lim & Tan Beyonics 0.17 0 Sell

Berlian Laju - CIMB downgraded this shipper due to change in government regulation.

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

03/11/11 CIMB Berlian Laju 0.05 0.05 Trading Sell

BBR - DMG upgraded the target price.

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

02/17/11 DMG & Partners BBR 0.27 0.33 Buy PER6.5x
02/28/11 DMG & Partners BBR 0.265 0.45 Buy PER6.5x
03/10/11 DMG & Partners BBR 0.19 0.45 Buy

Baltic Dry Index (BDI) - 1548

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for a second day on Tuesday in slower activity with the market still assessing Japan's earthquake.


The index fell by 0.71 per cent or 11 points to 1,548 points. Prior to the move lower it had risen for 11 consecutive sessions.

End Quote.

Avi-Tech - Buy call from OCBC.

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

01/04/11 OCBC Avi-Tech 0.195 0.28 Buy NTA1.5x
02/11/11 OCBC Avi-Tech 0.195 0.28 Under Review
02/15/11 OCBC Avi-Tech 0.19 0.28 Buy NTA1x

Ausgroup - Downgraded by CIMB.

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

02/14/11 CIMB Ausgroup 0.4 0.42 Underperform PER7.5x

ASTI - Strong buy from NRA.

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

02/24/11 NRA ASTI 0.1 0.22 Buy PB1.2x, PER8x

ASL Marine - Mixed calls by analysts.

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

01/03/11 DBS Vickers ASL Marine 0.98 0.96 Hold

02/14/11 Kim Eng ASL Marine 0.69 0.85 Buy NTA1x

01/05/11 OCBC ASL Marine 0.75 0.67 Hold
02/14/11 OCBC ASL Marine 0.69 0.67 Neutral
03/09/11 OCBC ASL Marine 0.645 0.67 Hold
03/11/11 OCBC ASL Marine 0.625 0.67 Hold

02/14/11 UOB Kay Hian ASL Marine 0.69 0.84 Hold Sum of parts

Asia Travel - Cease coverage by Kim Eng.

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

11/30/10 DBS Vickers Asiatravel 0.42 0.4 Hold


01/27/11 Kim Eng Asiatravel 0.445 0.47 Hold Cease coverage as no positive catalyst

Ascendas India Trust - Buy calls from analysts.

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

02/02/11 Citigroup Ascendas India Trust 0.99 1.18 Buy DDM

01/27/11 DBS Vickers Ascendas India Trust 0.96 1.08 Buy
02/25/11 DBS Vickers Ascendas India Trust 0.935 1.13 Buy DDM
03/09/11 DBS Vickers Ascendas India Trust 0.94 1.13 Buy

Ascott Residences Trust (ART) - CIMB upgraded this reit.

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

01/05/11 CIMB ART 1.25 1.24 Underperform DDM
01/25/11 CIMB ART 1.22 1.32 Neutral

01/07/11 DBS Vickers ART 1.26 1.38 Buy
03/09/11 DBS Vickers ART 1.19 1.38 Buy

01/24/11 Kim Eng ART 1.22 1.38 Buy

01/21/11 Lim & Tan ART 1.22 0 Buy

01/24/11 OCBC ART 1.22 1.34 Buy
03/15/11 OCBC ART 1.19 1.34 Buy Under Review

Armstrong - Downgraded to hold by Lim & Tan.

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

02/28/11 CIMB Armstrong 0.395 0.575 Outperform PER9x

03/03/11 DMG & Partners Armstrong 0.395 0.545 Buy
03/04/11 DMG & Partners Armstrong 0.395 0.545 Buy

01/03/11 Kim Eng Armstrong 0.43 0.53 Buy

02/28/11 Lim & Tan Armstrong 0.395 0 Hold

Ascendas Reit (A-Reit) - No buy call for this reit.

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

01/05/11 CIMB A-Reit 2.12 2.13 Neutral DDM
01/18/11 CIMB A-Reit 2.16 2.09 Underperform DDM
01/28/11 CIMB A-Reit 2.12 2.09 Underperform

01/19/11 Credit Suisse A-Reit 2.15 2.33 Neutral

01/18/11 DBS Vickers A-Reit 2.16 2.19 Hold
02/14/11 DBS Vickers A-Reit 2.06 2.19 Hold DCF
03/09/11 DBS Vickers A-Reit 2.03 2.19 Hold

01/18/11 DMG & Partners A-Reit 2.16 2.2 Neutral
02/14/11 DMG & Partners A-Reit 2.06 2.2 Neutral

01/18/11 OCBC A-Reit 2.16 2.2 Hold RNAV
03/08/11 OCBC A-Reit 2 2.2 Hold

ARA Asset Management - Target price and call was upgraded by CIMB.

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

11/11/10 CIMB ARA Asset Management 1.56 1.58 Neutral Sum of parts
02/25/11 CIMB ARA Asset Management 1.63 1.98 Outperform Sum of parts

02/25/11 DBS Vickers ARA Asset Management 1.63 1.77 Buy Sum of parts

Amtek - Buy calls from CIMB & DBS Vickers.

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

01/03/11 CIMB Amtek 1.08 1.52 Outperform PER9x

01/11/11 DBS Vickers Amtek 1.29 1.65 Buy PER11x
01/25/11 DBS Vickers Amtek 1.33 1.65 Buy
02/14/11 DBS Vickers Amtek 1.24 1.65 Buy PER11x

Allied Tech - Buy call from NRA.

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

03/01/11 NRA Allied Tech 0.065 0.13 Buy PB1x

Allgreen - No longer a favoured developer.

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

02/25/11 CIMB Allgreen 1.02 1.17 Underperform RNAV (30% discount)

12/20/10 DBS Vickers Allgreen 1.17 1.34 Hold

Adampak - Hold call by Lim & Tan.

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

03/02/11 Lim & Tan Adampak 0.335 0 Hold PER7x

Ziwo - Well-liked by Phillip.

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

12/15/10 phillip Ziwo 0.375 0.47 Buy
02/25/11 phillip Ziwo 0.285 0.47 Buy PER5x

Yongnam - Buy calls from analysts.

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

03/01/11 CIMB Yongnam 0.25 0.4 Outperform PER8x

03/02/11 DMG & Partners Yongnam 1.85 2.3 Buy

Ying Li - Buy call from Kim Eng.

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

03/02/11 Kim Eng Ying Li 0.365 0.5 Buy RNAV (40% discount)

Yangzijiang - Analysts loves this shipyard.

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

12/14/10 CIMB Yangzijiang 1.94 2.57 Outperform PER14x
01/04/11 CIMB Yangzijiang 1.97 2.57 Outperform
01/13/11 CIMB Yangzijiang 2.01 2.69 Outperform PER14x
01/28/11 CIMB Yangzijiang 1.92 2.69 Outperform
02/21/11 CIMB Yangzijiang 1.9 2.69 Outperform PER14x
02/22/11 CIMB Yangzijiang 1.89 2.69 Outperform PER14x
02/23/11 CIMB Yangzijiang 1.89 2.69 Outperform PER14x
03/10/11 CIMB Yangzijiang 1.81 2.69 Outperform

12/16/10 DBS Vickers Yangzijiang 1.93 2.6 Buy Sum of parts, PB
12/17/10 DBS Vickers Yangzijiang 1.89 2.6 Buy PER14x
01/04/11 DBS Vickers Yangzijiang 1.97 2.6 Buy
01/13/11 DBS Vickers Yangzijiang 2.01 2.6 Buy PER14x
03/02/11 DBS Vickers Yangzijiang 1.85 2.6 Buy PER14x
03/10/11 DBS Vickers Yangzijiang 1.81 2.6 Buy PER14x

12/17/10 DMG & Partners Yangzijiang 1.89 2.2 Buy PER15x
01/13/11 DMG & Partners Yangzijiang 2.01 2.2 Buy
02/22/11 DMG & Partners Yangzijiang 1.89 2.2 Under Review
02/23/11 DMG & Partners Yangzijiang 1.89 2.3 Buy PER15x

02/24/11 Morgan Stanley Yangzijiang 1.85 2.11 Overweight

03/08/11 Nomura Yangzijiang 1.82 2.3 Buy Sum of parts

01/18/11 OCBC Yangzijiang 2.02 2.36 Buy PER15x
02/01/11 OCBC Yangzijiang 1.86 2.36 Buy
02/07/11 OCBC Yangzijiang 1.93 2.36 Buy
02/23/11 OCBC Yangzijiang 1.89 2.36 Buy
03/02/11 OCBC Yangzijiang 1.85 2.36 Buy
03/09/11 OCBC Yangzijiang 1.81 2.36 Buy

12/02/10 UOB Kay Hian Yangzijiang 1.88 2.37 Buy PER15x

Yamada Green - DMG likes mushrooms.

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

01/07/11 DMG & Partners Yamada Green 0.32 0.4 Buy
02/07/11 DMG & Partners Yamada Green 0.325 0.4 Buy
02/09/11 DMG & Partners Yamada Green 0.335 0.4 Buy
03/02/11 DMG & Partners Yamada Green 0.28 0.43 Buy PER6x
03/03/11 DMG & Partners Yamada Green 0.27 0.43 Buy PER6x

Baltic Dry Index (BDI) - 1538

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose to a two-month high on Thursday as buoyant cargo demand bolstered sentiment. The index rose by 4.48 per cent or 66 points to 1,538 points in a tenth session of gains to reach its highest since Jan 6.

End Quote.

Xinren Aluminum - Buy call from DBS Vickers.

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

12/16/10 DBS Vickers Xinren Aluminum 0.46 0.7 Buy PER7.9x
03/01/11 DBS Vickers Xinren Aluminum 0.43 0.7 Buy PER8.8x

Wing Tai - DBS Vickers doesn't like this developer.

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

01/06/11 CIMB Wing Tai 1.72 2.19 Outperform RNAV (15% discount)

12/20/10 DBS Vickers Wing Tai 1.67 2.05 Hold
02/01/11 DBS Vickers Wing Tai 1.64 2.05 Hold RNAV (15% discount)

12/16/10 DMG & Partners Wing Tai 1.69 2.2 Buy
01/05/11 DMG & Partners Wing Tai 1.65 2.2 Buy
02/01/11 DMG & Partners Wing Tai 1.64 2.2 Buy RNAV

02/01/11 Kim Eng Wing Tai 1.64 2.26 Buy RNAV (20% discount)

Wilmar - 4 buy calls, 8 neutral calls & 2 sell calls.

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

12/30/10 Amfraser Wilmar 5.69 7.6 Buy

01/10/11 CIMB Wilmar 5.7 5.6 Neutral PER14.2x
02/02/11 CIMB Wilmar 5.3 5.8 Neutral PER14.2x
02/24/11 CIMB Wilmar 5.2 5.8 Neutral PER14.5x

02/24/11 Citigroup Wilmar 5.2 5.4 Neutral

01/11/11 CLSA Wilmar 5.7 4.95 Sell

12/30/10 DBS Vickers Wilmar 5.69 6.6 Buy
01/10/11 DBS Vickers Wilmar 5.7 6.15 Hold DCF

12/22/10 DIR Wilmar 5.62 6.73 Outperform PER14.4x
02/22/11 DIR Wilmar 5.47 6.73 Buy
03/01/11 DIR Wilmar 5.09 5.2 Hold

01/10/11 DMG & Partners Wilmar 5.7 7.88 Buy
02/25/11 DMG & Partners Wilmar 5.2 6.15 Buy

02/24/11 HSBC Wilmar 5.2 6.44 Overweight

01/05/11 JP Morgan Wilmar 5.5 4.6 Underweight PER14x
03/07/11 JP Morgan Wilmar 5.19 5.4 Neutral

12/16/10 Kim Eng Wilmar 5.92 6.24 Hold PER15x
01/13/11 Kim Eng Wilmar 5.72 5.85 Hold PER15x
02/24/11 Kim Eng Wilmar 5.2 5.31 Hold PER15x

02/23/11 Lim & Tan Wilmar 5.41 0 Sell

12/14/10 OCBC Wilmar 5.96 6.48 Hold PER18x
01/10/11 OCBC Wilmar 5.7 6.48 Buy
02/23/11 OCBC Wilmar 5.41 6.48 Under Review Downgrade

12/22/10 phillip Wilmar 5.92 7.08 Buy DCF
02/24/11 phillip Wilmar 5.2 6.42 Buy DCF

01/06/11 UBS Wilmar 5.56 7 Buy
02/23/11 UBS Wilmar 5.41 5.7 Neutral

02/24/11 UOB Kay Hian Wilmar 5.2 5.8 Hold

SGX - Things don't look so good.

The average trading volume for Singapore market is dropping significantly as shown in my most recent market analyses posting and SGX stock will not outperform the market.

Wheelock Properties - Amfraser doesn't like this developer.

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

02/23/11 Amfraser Wheelock Properties 1.86 2.08 Hold RNAV

02/22/11 CIMB Wheelock Properties 1.84 2.37 Outperform RNAV (10% discount)
02/25/11 CIMB Wheelock Properties 1.89 2.41 Outperform RNAV (10% discount)

12/20/10 DBS Vickers Wheelock Properties 1.96 2.32 Buy
02/22/11 DBS Vickers Wheelock Properties 1.84 2.27 Buy RNAV

11/16/10 OCBC Wheelock Properties 2 2.32 Buy

Wee Hur - This stock is still a buy by phillip after ex-bonus.

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

12/09/10 phillip Wee Hur 0.475 0.62 Buy PER5.5x, Ex-bonus $0.31
02/28/11 phillip Wee Hur 0.29 0.35 Buy PER5.5x

Viking Offshore & Marine - Buy call from OCBC.

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

01/07/11 OCBC Viking Offshore & Marine 0.2 0.32 Buy Sum of parts
02/16/11 OCBC Viking Offshore & Marine 0.21 0.32 Under Review
02/17/11 OCBC Viking Offshore & Marine 0.21 0.32 Buy Sum of parts
03/04/11 OCBC Viking Offshore & Marine 0.195 0.32 Buy

Venture - Buy calls from analysts.

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

01/04/11 CIMB Venture 9.3 11.98 Outperform
01/28/11 CIMB Venture 9.69 11.98 Outperform
02/24/11 CIMB Venture 9.23 12 Outperform PER14x

02/24/11 DBS Vickers Venture 9.23 11.4 Buy PER15x

01/07/11 Kim Eng Venture 9.48 11.8 Buy PER15x
02/18/11 Kim Eng Venture 9.45 11.8 Buy PER15x

02/24/11 Lim & Tan Venture 9.23 0 Buy Div Yield 6%

02/24/11 OCBC Venture 9.23 12.1 Buy PER15x

Valuetronics - Buy call from OCBC.

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

12/07/10 OCBC Valuetronics 0.235 0.44 Buy PER8x
01/27/11 OCBC Valuetronics 0.245 0.47 Buy

UOL - Buy calls from all analysts.

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

02/23/11 CIMB UOL 4.28 5.55 Outperform RNAV (15% discount)

12/16/10 DBS Vickers UOL 4.68 5.17 Buy
12/20/10 DBS Vickers UOL 4.72 5.23 Buy
02/23/11 DBS Vickers UOL 4.28 5.31 Buy RNAV (10% discount)

01/19/11 Lim & Tan UOL 5.07 0 Hold
02/23/11 Lim & Tan UOL 4.28 0 Buy

12/08/10 OCBC UOL 4.64 5.42 Buy RNAV (10% discount)
01/14/11 OCBC UOL 5.04 5.42 Buy
01/19/11 OCBC UOL 5.07 5.61 Buy RNAV (15% discount)
02/07/11 OCBC UOL 4.99 5.61 Buy RNAV (15% discount)
02/23/11 OCBC UOL 4.28 5.24 Buy RNAV (20% discount)

UOB - CIMB doesn't like this bank.

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

02/10/11 CIMB UOB 19.24 20.83 Underperform PB1.55x & GGM
02/28/11 CIMB UOB 18.28 20.38 Underperform PB1.5x & GGM
03/03/11 CIMB UOB 18.36 20.38 Underperform PB1.5x & GGM

01/28/11 DBS Vickers UOB 19.86 21.5 Buy
02/28/11 DBS Vickers UOB 18.28 21.7 Buy
03/03/11 DBS Vickers UOB 18.4 21.7 Buy PB1.8x & GGM

01/04/11 DMG & Partners UOB 18.2 22 Buy PB1.5x
01/05/11 DMG & Partners UOB 17.8 22 Buy
02/01/11 DMG & Partners UOB 19.84 22 Buy
02/28/11 DMG & Partners UOB 18.24 22 Buy PB1.65x
03/02/11 DMG & Partners UOB 18.4 22 Buy PB1.65x

02/28/11 Kim Eng UOB 18.24 21.5 Buy PB1.65x & GGM

02/28/11 OCBC UOB 18.28 19.7 Buy

02/28/11 phillip UOB 18.28 20.12 Hold

01/21/11 RBS UOB 19.34 23 Buy

United Envirotech - Buy calls from analysts.

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

02/10/11 DMG & Partners United Envirotech 0.45 0.61 Buy PER10.8x

02/01/11 OCBC United Envirotech 0.455 0.69 Buy DCF, Under Review
02/02/11 OCBC United Envirotech 0.435 0.65 Buy DCF

United Engineers - Target price was being downgraded by CIMB.

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

02/16/11 CIMB United Engineers 2.44 3.27 Outperform RNAV (10% discount)
03/02/11 CIMB United Engineers 2.43 3.21 Outperform RNAV (15% discount)

UIC - Fully valued.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
 
12/20/10 DBS Vickers UIC 2.4 2.21 Hold
02/21/11 DBS Vickers UIC 2.78 2.38 Fully Valued RNAV (5% discount)

Tiong Seng - Target price was downgraded by DBS Vickers but retained buy call.

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

12/01/10 DBS Vickers Tiong Seng 0.25 0.36 Buy Sum of parts (30% discount)
02/24/11 DBS Vickers Tiong Seng 0.24 0.31 Buy Sum of parts (35% discount)

Tiger Airways - Look like Tiger really cannot fly.

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

01/12/11 CIMB Tiger Airways 1.8 1.59 Underperform PER8x
01/28/11 CIMB Tiger Airways 1.78 1.59 Underperform
01/31/11 CIMB Tiger Airways 1.77 1.59 Underperform PER8x
02/11/11 CIMB Tiger Airways 1.66 1.64 Underperform PER8x
02/17/11 CIMB Tiger Airways 1.58 1.64 Underperform PER8x
02/25/11 CIMB Tiger Airways 1.35 1.64 Underperform PER8x

02/16/11 Citigroup Tiger Airways 1.65 2.15 Buy

02/11/11 Credit Suisse Tiger Airways 1.72 1.9 Underperform
02/18/11 Credit Suisse Tiger Airways 1.59 1.9 Underperform
03/02/11 Credit Suisse Tiger Airways 1.39 1.65 Neutral

02/01/11 DBS Vickers Tiger Airways 1.74 1.9 Hold PER15x

12/10/10 DMG & Partners Tiger Airways 1.85 2 Neutral PER16.5x
01/11/11 DMG & Partners Tiger Airways 1.8 2.24 Buy PER12x
02/01/11 DMG & Partners Tiger Airways 1.77 2.24 Buy PER12x
02/18/11 DMG & Partners Tiger Airways 1.59 2.24 Buy
02/25/11 DMG & Partners Tiger Airways 1.35 2.24 Buy
03/01/11 DMG & Partners Tiger Airways 1.36 1.65 Buy PER12x
03/03/11 DMG & Partners Tiger Airways 1.39 1.65 Buy PER12x

01/21/11 Macquarie Tiger Airways 1.79 1.5 Underperform

12/09/10 phillip Tiger Airways 1.86 1.65 Sell
01/12/11 phillip Tiger Airways 1.8 1.65 Sell DCF & PER
02/01/11 phillip Tiger Airways 1.74 1.64 Hold PER12x & DCF

12/03/10 StanChart Tiger Airways 1.84 2.5 Buy EV/Ebitda 15x

02/17/11 UOB Kay Hian Tiger Airways 1.58 1.54 sell Under Review
02/18/11 UOB Kay Hian Tiger Airways 1.59 1.59 Hold EV/Ebitda 8x

Think Environment - Buy or Sell?

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

12/17/10 DMG & Partners Think Environment 0.66 0.135 Sell PATMI 14x

12/29/10 SIAS Think Environment 0.72 0.9 Increase

Tee International - Buy call from NetResearch.

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

01/05/11 NRA Tee International 0.25 0.38 Buy Sum of parts
01/10/11 NRA Tee International 0.31 0.38 Buy Sum of parts

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 charts dated 04/03/11 above showed the the 100-day moving average for trading volume (Blue line) and market index (Pink line) for US, HK, JP & SG. From the charts, we can see the movements of fund flows of each market and predict the trajectory of the index in the market as fund inflow or outflow will definitely affect the market.  Generally speaking, the decline in the blue line is not good for the index.

Tat Hong - Crane operator falls out of favour?

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

02/15/11 CIMB Tat Hong 0.915 1.02 Neutral PER10x

02/16/11 Credit Suisse Tat Hong 0.875 0.85 Underperform

12/01/10 DBS Vickers Tat Hong 0.94 1.08 Hold PER12x
02/15/11 DBS Vickers Tat Hong 0.915 0.83 Fully Valued PER12x

01/18/11 OCBC Tat Hong 0.95 0.99 Hold
01/19/11 OCBC Tat Hong 0.945 0.99 Hold
02/15/11 OCBC Tat Hong 0.915 0.85 Hold

TAC (Baht) - Neutral call by CIMB.

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

02/08/11 CIMB TAC 41 46 Neutral DCF

Swiber - Downgraded by analysts.

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

03/02/11 CIMB Swiber 0.805 1.01 Outperform PER12x
03/04/11 CIMB Swiber 0.81 1.01 Outperform

01/03/11 DBS Vickers Swiber 1 1.28 Buy
03/03/11 DBS Vickers Swiber 0.79 0.83 Hold PER10x

03/02/11 DMG & Partners Swiber 0.805 1.25 Under Review PER10x
03/03/11 DMG & Partners Swiber 0.79 0.85 Neutral PER10x

12/02/10 OCBC Swiber 0.985 1.33 Buy
03/02/11 OCBC Swiber 0.805 1.33 Under Review
03/03/11 OCBC Swiber 0.79 0.94 Buy PER11x
03/04/11 OCBC Swiber 0.81 0.94 Buy

Baltic Dry Index (BDI) - 1281

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for a fourth session on Wednesday as modest cargo activity boosted sentiment. The index rose 1.51 per cent, or 19 points, to 1,281 points.

End Quote.

Super Group - DMG doesn't like coffee but UOB & Kim Eng love coffee.

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

11/16/10 DMG & Partners Super Group / Coffeemix 1.31 1.24 Neutral PER14.6x
02/07/11 DMG & Partners Super Group / Coffeemix 1.47 1.24 Neutral
02/24/11 DMG & Partners Super Group / Coffeemix 1.4 1.28 Neutral PER15x

01/27/11 Kim Eng Super Group / Coffeemix 1.47 1.8 Buy DCF & PER14.5x
02/24/11 Kim Eng Super Group / Coffeemix 1.4 1.72 Buy

12/20/10 UOB Kay Hian Super Group / Coffeemix 1.43 1.66 Buy PEG1x

Sunvic Chemical - Wanna buy a chemical company?

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

01/04/11 Amfraser Sunvic Chemical 0.66 1.02 Buy PER6x
03/02/11 Amfraser Sunvic Chemical 0.745 1.05 Buy PER6

12/15/10 phillip Sunvic Chemical 0.605 0.95 Buy
01/17/11 phillip Sunvic Chemical 0.71 1.07 Buy PER6x
03/03/11 phillip Sunvic Chemical 0.74 1.2 Buy PER6x

Suntec Reit - Mixed calls by analysts.

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

11/30/10 CIMB Suntec Reit 1.43 1.63 Outperform DDM
01/05/11 CIMB Suntec Reit 1.51 1.63 Outperform DDM

01/24/11 DBS Vickers Suntec Reit 1.58 1.69 Buy

01/06/11 DMG & Partners Suntec Reit 1.53 1.71 Buy
01/24/11 DMG & Partners Suntec Reit 1.58 1.76 Buy

01/13/11 JP Morgan Suntec Reit 1.57 1.6 Neutral

12/10/10 OCBC Suntec Reit 1.49 1.5 Hold DCF
01/06/11 OCBC Suntec Reit 1.53 1.55 Neutral
01/24/11 OCBC Suntec Reit 1.58 1.6 Hold
02/10/11 OCBC Suntec Reit 1.58 1.6 Hold

12/01/10 phillip Suntec Reit 1.42 1.37 Hold

Sunpower - Buy call from phillip.

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

12/03/10 phillip Sunpower 0.31 0.57 Buy PB2.04x
12/15/10 phillip Sunpower 0.37 0.57 Buy
02/25/11 phillip Sunpower 0.395 0.79 Buy PATMI, PER6.5x

Sunmart - Buy calls from analysts.

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

12/08/10 Asiaons Sunmart 0.21 0.33 Buy FCFE Model

01/19/11 NRA Sunmart 0.23 0.29 Buy PER11.2x

STX Pan Ocean - Nobody likes this shipper.

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

11/15/10 CIMB STX Pan Ocean 14.62 13.85 Underperform
01/25/11 CIMB STX Pan Ocean 13 13.2 Underperform
02/21/11 CIMB STX Pan Ocean 12 11.9 Underperform

12/21/10 Goldman Sachs STX Pan Ocean 13.16 11.3 Neutral

12/08/10 HSBC STX Pan Ocean 13.28 14.9 Neutral

Baltic Dry Index (BDI) - 1251

Quote:

The index rose six points to 1,251 points in a second session of modest gains, after falling in the four previous sessions.

End Quote.

STX OSV - Mostly buy calls from analysts.

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

01/11/11 CIMB STX OSV 1.15 1.6 Outperform PER11x
02/16/11 CIMB STX OSV 1.19 1.6 Outperform PER11x

01/14/11 Credit Suisse STX OSV 1.23 1.55 Outperform

01/10/11 DMG & Partners STX OSV 1.2 1.56 Buy PER12x
01/11/11 DMG & Partners STX OSV 1.15 1.56 Outperform
02/15/11 DMG & Partners STX OSV 1.19 1.75 Buy PER12x
02/16/11 DMG & Partners STX OSV 1.19 1.75 Buy PER12x

12/15/10 Goldman Sachs STX OSV 1.1 1.54 Buy PB2.9x

12/02/10 Lim & Tan STX OSV 0.81 0 Neutral

Straits Asia - Mixed calls for this commodity (coal) company.

08/16/10 CIMB Straits Asia 2.08 1.95 Underperform DCF
11/03/10 CIMB Straits Asia 2.32 2.01 Underperform DCF
12/10/10 CIMB Straits Asia 2.52 2.27 Underperform DCF
01/28/11 CIMB Straits Asia 2.66 2.27 Underperform DCF
02/22/11 CIMB Straits Asia 2.42 2.7 Outperform DCF (15% premium)

11/23/10 Credit Suisse Straits Asia 2.53 3.1 Outperform

10/08/10 DBS Vickers Straits Asia 2.34 2.3 Hold DCF
11/04/10 DBS Vickers Straits Asia 2.33 2.3 Hold DCF

06/17/10 DMG & Partners Straits Asia 2.04 2.08 Neutral DCF, PER11.4x
08/16/10 DMG & Partners Straits Asia 2.08 2.08 Neutral DCF
08/23/10 DMG & Partners Straits Asia 2.13 2.1 Neutral DCF, PER11.5x
11/03/10 DMG & Partners Straits Asia 2.32 2.1 Neutral DCF, PER11.5x
11/08/10 DMG & Partners Straits Asia 2.35 2.1 Neutral DCF, PER11.5x
12/08/10 DMG & Partners Straits Asia 2.69 2.49 Neutral PER16.3x
01/13/11 DMG & Partners Straits Asia 2.88 2.49 Sell DCF, PER15.4x
02/22/11 DMG & Partners Straits Asia 2.42 2.49 Neutral DCF, PER15.4x

08/02/10 Merrill Lynch Straits Asia 2.14 2.87 Buy DCF

11/04/10 Nomura Straits Asia 2.33 2.8 Buy
12/06/10 Nomura Straits Asia 2.69 2.8 Reduce

06/03/10 OCBC Straits Asia 1.85 1.82 Hold DCF
06/15/10 OCBC Straits Asia 2.01 1.82 Hold
07/09/10 OCBC Straits Asia 1.95 1.85 Hold DCF
08/18/10 OCBC Straits Asia 2.04 2.08 Hold
09/08/10 OCBC Straits Asia 2.1 2.08 Hold
10/06/10 OCBC Straits Asia 2.33 2.24 Hold
11/30/10 OCBC Straits Asia 2.64 3.13 Buy
12/14/10 OCBC Straits Asia 2.5 3.13 Buy
01/11/11 OCBC Straits Asia 2.59 2.89 Buy
02/22/11 OCBC Straits Asia 2.42 2.74 Buy

Stats Chippac - Downgraded by Lim & Tan.

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

08/02/10 Lim & Tan STATS Chippac 1.15 0 Buy
08/05/10 Lim & Tan STATS Chippac 1.23 0 Buy
10/29/10 Lim & Tan STATS Chippac 0.985 0 Sell
01/28/11 Lim & Tan STATS Chippac 0.885 0 Sell

Starhub - Mixed calls by analysts for telecommunication sector.

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

08/06/10 AmFraser Starhub 2.33 1.88 Sell

08/06/10 CIMB Starhub 2.33 2.14 Underperform DCF
08/30/10 CIMB Starhub 2.38 2.14 Underperform
09/03/10 CIMB Starhub 2.52 2.14 Underperform DCF
09/13/10 CIMB Starhub 2.47 2.14 Underperform
10/18/10 CIMB Starhub 2.62 2.24 Underperform DCF
11/10/10 CIMB Starhub 2.8 2.5 Underperform DCF

07/28/10 DBS Vickers Starhub 2.31 2.2 Fully Valued DCF
07/30/10 DBS Vickers Starhub 2.35 2.2 Fully Valued
08/06/10 DBS Vickers Starhub 2.33 2.2 Fully Valued DCF
08/18/10 DBS Vickers Starhub 2.38 2.2 Fully Valued
09/01/10 DBS Vickers Starhub 2.46 2.2 Fully Valued
09/03/10 DBS Vickers Starhub 2.52 2.2 Fully Valued
09/07/10 DBS Vickers Starhub 2.49 2.2 Fully Valued
11/04/10 DBS Vickers Starhub 2.76 2.2 Sell DCF
01/03/11 DBS Vickers Starhub 2.63 2.2 Sell

07/22/10 DMG & Partners Starhub 2.32 2.15 Neutral
08/06/10 DMG & Partners Starhub 2.32 2.15 Neutral
09/01/10 DMG & Partners Starhub 2.46 2.15 Neutral
09/02/10 DMG & Partners Starhub 2.46 2.15 Neutral
09/07/10 DMG & Partners Starhub 2.49 2.15 Neutral
11/10/10 DMG & Partners Starhub 2.8 2.85 Neutral DCF
01/17/11 DMG & Partners Starhub 2.57 2.85 Neutral
01/26/11 DMG & Partners Starhub 2.53 2.85 Neutral
02/14/11 DMG & Partners Starhub 2.61 2.88 Neutral DCF

08/06/10 Kim Eng Starhub 2.33 2.78 Buy PER15x
10/06/10 Kim Eng Starhub 2.6 2.78 Buy
11/10/10 Kim Eng Starhub 2.8 3.27 Buy Yield 5.5%
02/14/11 Kim Eng Starhub 2.61 3.08 Buy Div Yield 7.7%

02/14/11 Morgan Stanley Starhub 2.61 2.7 Equalweight

06/16/10 OCBC Starhub 2.24 2.32 Buy Div Yield 8.8%
07/06/10 OCBC Starhub 2.29 2.32 Buy
07/28/10 OCBC Starhub 2.31 2.32 Buy Div Yield 8.8%
09/01/10 OCBC Starhub 2.46 2.41 Buy Div Yield 7.3%
10/11/10 OCBC Starhub 2.57 2.58 Buy Div Yield 7%
11/29/10 OCBC Starhub 2.69 3.02 Buy DCF
01/04/11 OCBC Starhub 2.63 3.02 Buy Div Yield 7.6%
02/01/11 OCBC Starhub 2.55 3.02 Buy DCF
02/14/11 OCBC Starhub 2.61 3.02 Buy DCF

08/06/10 phillip Starhub 2.33 2.16 Hold DCF
09/03/10 phillip Starhub 2.52 2.41 Hold
11/10/10 phillip Starhub 2.8 2.63 Hold

02/14/11 UOB Kay Hian Starhub 2.61 3.1 Buy

Starhill - Twinkle twinkle little stars, how I wonder what you are......

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

04/19/10 DBS Vickers Starhill 0.595 0.73 Buy
07/27/10 DBS Vickers Starhill 0.59 0.73 Buy
10/27/10 DBS Vickers Starhill 0.61 0.76 Buy
01/27/11 DBS Vickers Starhill 0.65 0.78 Buy

11/25/10 Kim Eng Starhill 0.615 0.8 Buy DDM
01/11/11 Kim Eng Starhill 0.63 0.8 Buy DDM, Div Yield 6.7%
01/27/11 Kim Eng Starhill 0.635 0.8 Buy DDM

07/02/10 OCBC Starhill 0.545 0.65 Buy DDM
07/12/10 OCBC Starhill 0.57 0.65 Buy
07/27/10 OCBC Starhill 0.59 0.65 Buy DDM
09/02/10 OCBC Starhill 0.575 0.65 Buy
09/15/10 OCBC Starhill 0.585 0.65 Buy DDM
09/30/10 OCBC Starhill 0.585 0.65 Buy
10/08/10 OCBC Starhill 0.595 0.65 Buy
11/09/10 OCBC Starhill 0.62 0.66 Buy Under Review
12/10/10 OCBC Starhill 0.62 0.66 Buy
01/27/11 OCBC Starhill 0.65 0.74 Buy

Stamford Land - Buy call from Lim & Tan.

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

07/08/10 Lim & Tan Stamford Land 0.495 0 Buy
09/14/10 Lim & Tan Stamford Land 0.48 0 Buy
09/21/10 Lim & Tan Stamford Land 0.49 0 Buy
09/30/10 Lim & Tan Stamford Land 0.525 0 Buy
02/17/11 Lim & Tan Stamford Land 0.625 0 Buy

Baltic Dry Index (BDI) - 1245

Quote:

The index rose 0.24 per cent or three points to 1,245 points, after falling in the four previous sessions. That slump followed 10 days of gains.


End Quote.

ST Engineering - 5 buy calls & 1 hold call.

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

08/04/10 CIMB ST Engineering 3.26 3.62 Outperform
11/10/10 CIMB ST Engineering 3.47 3.88 Outperform DCF & PER
01/26/11 CIMB ST Engineering 3.29 3.88 Outperform
02/16/11 CIMB ST Engineering 3.15 3.88 Outperform DCF & PER & Div Yield

08/04/10 DBS Vickers ST Engineering 3.26 3.55 Buy
08/20/10 DBS Vickers ST Engineering 3.15 3.55 Buy
11/10/10 DBS Vickers ST Engineering 3.47 3.85 Buy Sum of parts

08/04/10 Kim Eng ST Engineering 3.26 3.15 Hold PER20x
09/30/10 Kim Eng ST Engineering 3.37 3.15 Hold
11/10/10 Kim Eng ST Engineering 3.47 3.15 Hold
02/16/11 Kim Eng ST Engineering 3.15 3.15 Hold PER17.1x

08/04/10 Macquarie ST Engineering 3.26 3.8 Outperform

09/20/10 OCBC ST Engineering 3.32 3.66 Buy PER20x
11/09/10 OCBC ST Engineering 3.4 3.66 Buy
02/16/11 OCBC ST Engineering 3.15 3.71 Buy PER21x

07/15/10 phillip ST Engineering 3.28 3.64 Buy FCFE Model
08/04/10 phillip ST Engineering 3.26 3.64 Buy
09/21/10 phillip ST Engineering 3.29 3.69 Buy FCFE Model
11/10/10 phillip ST Engineering 3.47 3.88 Buy
02/16/11 phillip ST Engineering 3.15 3.8 Buy DCF & PER20x

Singapore Press Holdings (SPH) - Does monopoly pay well in the business strategy?

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

03/15/10 CIMB SPH 3.8 4.5 Outperform Sum of parts
04/14/10 CIMB SPH 3.93 4.5 Outperform Sum of parts
05/18/10 CIMB SPH 3.84 4.5 Outperform
06/02/10 CIMB SPH 3.69 4.43 Outperform Sum of parts
07/13/10 CIMB SPH 3.93 4.47 Outperform Sum of parts
09/03/10 CIMB SPH 4.15 4.47 Outperform Sum of parts
10/13/10 CIMB SPH 4.22 4.51 Neutral Sum of parts
01/17/11 CIMB SPH 3.98 4.51 Neutral Sum of parts

03/05/10 DBS Vickers SPH 3.77 4.32 Buy Sum of parts
03/08/10 DBS Vickers SPH 3.8 4.32 Buy
04/14/10 DBS Vickers SPH 3.93 4.32 Buy
04/15/10 DBS Vickers SPH 3.97 4.42 Buy Sum of parts
05/27/10 DBS Vickers SPH 3.73 4.42 Buy Sum of parts
06/04/10 DBS Vickers SPH 3.79 4.42 Buy
07/13/10 DBS Vickers SPH 3.93 4.42 Buy Sum of parts
08/23/10 DBS Vickers SPH 3.98 4.42 Buy
09/08/10 DBS Vickers SPH 4.18 4.52 Buy Sum of parts
10/13/10 DBS Vickers SPH 4.22 4.37 Hold Sum of parts
01/17/11 DBS Vickers SPH 3.98 4.37 Hold

04/14/10 DMG & Partners SPH 3.93 3.95 Neutral Sum of parts
07/13/10 DMG & Partners SPH 3.93 4.31 Neutral Sum of parts
10/13/10 DMG & Partners SPH 4.22 4.11 Neutral
01/17/11 DMG & Partners SPH 3.98 4.11 Neutral Sum of parts

04/14/10 Kim Eng SPH 3.93 4.61 Buy
07/13/10 Kim Eng SPH 3.93 4.62 Buy Sum of parts
09/07/10 Kim Eng SPH 4.17 4.62 Buy Sum of parts
10/13/10 Kim Eng SPH 4.22 4.7 Buy Sum of parts
01/17/11 Kim Eng SPH 3.98 4.75 Buy

07/13/10 Lim & Tan SPH 3.93 0 Buy
09/03/10 Lim & Tan SPH 4.15 0 Buy
10/04/10 Lim & Tan SPH 4.24 0 Buy
10/13/10 Lim & Tan SPH 4.22 0 Buy Div Yield 6.4%

04/14/10 OCBC SPH 3.97 4.31 Buy Sum of parts
07/13/10 OCBC SPH 3.93 4.63 Buy Sum of parts
09/02/10 OCBC SPH 4.08 4.63 Buy
01/17/11 OCBC SPH 3.98 4.59 Buy

10/14/10 UOB Kay Hian SPH 4.25 4.35 Hold

Sound Global (Epure) - Mixed calls by analysts.

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

08/10/10 CIMB Sound Global 0.78 1.08 Outperform PER14x

07/07/10 Citigroup Sound Global 0.75 0.7 Sell PER13x

08/11/10 DBS Vickers Sound Global 0.765 0.84 Hold PER12x
08/26/10 DBS Vickers Sound Global 0.72 0.84 Hold
09/29/10 DBS Vickers Sound Global 0.81 0.96 Buy PER13.2x
11/15/10 DBS Vickers Sound Global 0.87 0.94 Hold PER14.3x
02/22/11 DBS Vickers Sound Global 0.71 0.8 Hold
06/11/10 DMG & Partners Sound Global 0.85 1.04 Buy
08/11/10 DMG & Partners Sound Global 0.765 0.93 Buy PER14x
11/16/10 DMG & Partners Sound Global 0.84 1.05 Buy PER14x
02/07/11 DMG & Partners Sound Global 0.75 1.05 Buy

06/29/10 phillip Sound Global 0.78 1.1 Buy DCF
07/06/10 phillip Sound Global 0.77 1.04 Buy
08/11/10 phillip Sound Global 0.77 1.06 Buy DCF
09/06/10 phillip Sound Global 0.71 0.82 Hold DCF
11/16/10 phillip Sound Global 0.84 0.82 Hold DCF

Soilbuild - Accept the offer!

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

06/16/10 OCBC Soilbuild 0.64 0.88 Buy
07/05/10 OCBC Soilbuild 0.59 0.88 Buy
07/16/10 OCBC Soilbuild 0.615 0.88 Buy
08/13/10 OCBC Soilbuild 0.62 1.76 Under Review
09/22/10 OCBC Soilbuild 0.705 0.8 Accept Offer
10/11/10 OCBC Soilbuild 0.795 0 Accept Offer
11/02/10 OCBC Soilbuild 0.79 0 Accept Offer

SMRT - Public transports company is no longer favoured by 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

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

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

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

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

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

Sinotel - Hold calls by analysts.

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

03/02/10 AmFraser Sinotel 0.505 0.89 Accumulate PER8.9x
05/03/10 AmFraser Sinotel 0.455 0.53 Hold

04/14/10 DBS Vickers Sinotel 0.56 0.61 Hold PER7x

05/05/10 DMG & Partners Sinotel 0.44 0.49 Neutral PER6.5x

Sinopipe - Increase your holdings for this stock.

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

01/19/11 SIAS Sinopipe 0.26 0.4 Increase

Sinomem - CIMB loved this stock!

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

03/02/10 CIMB Sinomem 0.51 1.2 Outperform Sum of parts
04/14/10 CIMB Sinomem 0.61 1.2 Outperform Sum of parts
05/17/10 CIMB Sinomem 0.53 1.2 Outperform Sum of parts
08/16/10 CIMB Sinomem 0.485 1.2 Outperform Sum of parts

Sino Grandness Food - Mostly buy calls from analysts for this food company.

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

10/26/10 AmFraser Sino Grandness Food 0.415 0.58 Buy PER7.5x
11/03/10 AmFraser Sino Grandness Food 0.42 0.63 Buy PER7.5x
02/17/11 Amfraser Sino Grandness Food 0.58 0.63 Buy
02/24/11 Amfraser Sino Grandness Food 0.51 0.73 Buy PER7.5x

06/29/10 DMG & Partners Sino Grandness Food 0.285 0.4 Buy
07/16/10 DMG & Partners Sino Grandness Food 0.33 0.4 Buy
08/10/10 DMG & Partners Sino Grandness Food 0.355 0.4 Buy
08/16/10 DMG & Partners Sino Grandness Food 0.345 0.5 Buy PER6x
08/17/10 DMG & Partners Sino Grandness Food 0.345 0.5 Buy Sum of parts
08/23/10 DMG & Partners Sino Grandness Food 0.36 0.5 Buy
09/13/10 DMG & Partners Sino Grandness Food 0.355 0.5 Buy
10/06/10 DMG & Partners Sino Grandness Food 0.37 0.46 Buy
10/22/10 DMG & Partners Sino Grandness Food 0.38 0.5 Buy
11/03/10 DMG & Partners Sino Grandness Food 0.42 0.56 Buy PER6x
01/12/11 DMG & Partners Sino Grandness Food 0.475 0.68 Buy PER6x
02/17/11 DMG & Partners Sino Grandness Food 0.58 0.68 Buy PER6x
02/23/11 DMG & Partners Sino Grandness Food 0.53 0.68 Buy PER6x

10/04/10 Lim & Tan Sino Grandness Food 0.37 0 Buy
10/06/10 Lim & Tan Sino Grandness Food 0.37 0 Buy
10/07/10 Lim & Tan Sino Grandness Food 0.415 0 Buy
01/07/11 Lim & Tan Sino Grandness Food 0.455 0 Buy
01/24/11 Lim & Tan Sino Grandness Food 0.515 0 Buy
02/17/11 Lim & Tan Sino Grandness Food 0.58 0 Buy
02/23/11 Lim & Tan Sino Grandness Food 0.53 0 Neutral

07/09/10 phillip Sino Grandness Food 0.31 0.53 Buy PER7x
08/10/10 phillip Sino Grandness Food 0.355 0.58 Buy PER7x
08/16/10 phillip Sino Grandness Food 0.345 0.58 Buy
10/07/10 phillip Sino Grandness Food 0.415 0.57 Buy PER7x
10/27/10 phillip Sino Grandness Food 0.415 0.57 Buy
12/07/10 phillip Sino Grandness Food 0.375 0.59 Buy
12/15/10 phillip Sino Grandness Food 0.405 0.57 Buy
02/24/11 phillip Sino Grandness Food 0.51 0.67 Buy

Singtel - Analysts have reservations for this telecommunication company.

08/13/10 AmFraser Singtel 2.99 2.82 Hold

05/18/10 CIMB Singtel 2.96 3 Underperform
06/21/10 CIMB Singtel 3.1 3 Underperform Sum of parts
06/25/10 CIMB Singtel 3.04 3 Underperform Sum of parts
08/12/10 CIMB Singtel 3.06 3 Underperform Sum of parts
08/30/10 CIMB Singtel 3 3.09 Underperform Sum of parts
09/07/10 CIMB Singtel 3.11 3.09 Underperform Sum of parts
09/13/10 CIMB Singtel 3.08 3.09 Underperform
09/23/10 CIMB Singtel 3.13 3.09 Underperform Sum of parts
10/18/10 CIMB Singtel 3.07 3.09 Underperform Sum of parts
11/09/10 CIMB Singtel 3.28 3.09 Underperform Sum of parts
11/11/10 CIMB Singtel 3.25 3.09 Underperform Sum of parts
11/12/10 CIMB Singtel 3.31 3.29 Underperform Sum of parts
12/03/10 CIMB Singtel 3.13 3.29 Underperform Sum of parts
01/21/11 CIMB Singtel 3.04 3.29 Underperform Sum of parts
02/10/11 CIMB Singtel 3.09 3.29 Underperform Sum of parts

02/25/11 Citigroup Singtel 2.86 3.36 Buy

09/17/10 Credit Suisse Singtel 3.09 3.84 Outperform

07/12/10 DBS Vickers Singtel 3.12 3.45 Buy Sum of parts
07/15/10 DBS Vickers Singtel 3.15 3.45 Buy
07/30/10 DBS Vickers Singtel 3.11 3.45 Buy
08/18/10 DBS Vickers Singtel 2.95 3.45 Buy
09/01/10 DBS Vickers Singtel 3.08 3.45 Buy
09/07/10 DBS Vickers Singtel 3.11 3.45 Buy PER12.1x
12/08/10 DBS Vickers Singtel 3.13 3.55 Buy
01/03/11 DBS Vickers Singtel 3.07 3.5 Buy

05/17/10 DMG & Partners Singtel 2.97 3.01 Neutral
06/09/10 DMG & Partners Singtel 2.88 3.01 Neutral
06/11/10 DMG & Partners Singtel 2.95 3.01 Neutral
07/12/10 DMG & Partners Singtel 3.09 3.01 Neutral Sum of parts
07/22/10 DMG & Partners Singtel 3.06 3.01 Neutral
08/12/10 DMG & Partners Singtel 3.06 3.01 Neutral
08/13/10 DMG & Partners Singtel 3.01 2.98 Neutral Sum of parts
09/01/10 DMG & Partners Singtel 3.08 2.98 Neutral
09/07/10 DMG & Partners Singtel 3.11 2.98 Neutral
11/11/10 DMG & Partners Singtel 3.25 2.98 Under Review
11/15/10 DMG & Partners Singtel 3.31 3.05 Neutral
11/26/10 DMG & Partners Singtel 3.09 3.05 Neutral Sum of parts
12/08/10 DMG & Partners Singtel 3.13 3.05 Neutral
01/03/11 DMG & Partners Singtel 3.05 3.05 Neutral
01/26/11 DMG & Partners Singtel 3.07 3.05 Neutral
02/10/11 DMG & Partners Singtel 3.09 3.05 Neutral

11/09/10 Goldman Sachs Singtel 3.28 3.47 Buy Sum of parts

08/12/10 Kim Eng Singtel 3.06 3.13 Hold
10/06/10 Kim Eng Singtel 3.15 2.88 Hold
11/11/10 Kim Eng Singtel 3.25 0 Under Review
11/12/10 Kim Eng Singtel 3.31 3.11 Hold
02/11/11 Kim Eng Singtel 3.05 3.11 Hold PER12x

11/11/10 Lim & Tan Singtel 3.25 0 Hold
02/10/11 Lim & Tan Singtel 3.09 0 Hold

05/19/10 OCBC Singtel 2.97 3.4 Buy 5.4% Div Yield
06/16/10 OCBC Singtel 2.98 3.4 Buy Div Yield 4.8%
07/28/10 OCBC Singtel 3.1 3.4 Buy Div Yield 4.8%
08/12/10 OCBC Singtel 3.06 3.34 Buy Sum of parts
09/01/10 OCBC Singtel 3.08 3.34 Buy Div Yield 4.2%
10/11/10 OCBC Singtel 3.09 3.34 Buy Div Yield 4.2%
11/11/10 OCBC Singtel 3.25 3.34 Buy Under Review
11/29/10 OCBC Singtel 3.1 3.51 Buy Sum of parts
01/04/11 OCBC Singtel 3.07 3.59 Buy Div Yield 4.3%

08/13/10 phillip Singtel 2.99 3.43 Hold
11/12/10 phillip Singtel 3.31 3.52 Hold
01/18/11 phillip Singtel 3.09 3.32 Hold Sum of parts
02/11/11 phillip Singtel 3.05 3.32 Hold DCF

01/13/11 UBS Singtel 3.09 3.53 Buy

02/11/11 UOB Kay Hian Singtel 3.05 3.07 Sell

Singapore Shipping - Lim & Tan loved this stock.

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

03/11/10 Lim & Tan Singapore Shipping 0.265 0 Buy

Singapore Post - Nobody likes to post mail anymore.

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

07/29/10 CIMB Singapore Post 1.14 1.13 Neutral DDM

10/07/10 CLSA Singapore Post 1.22 0 Underperform

07/29/10 DBS Vickers Singapore Post 1.13 1.17 Hold DDM
11/01/10 DBS Vickers Singapore Post 1.18 1.17 Hold DDM
01/31/11 DBS Vickers Singapore Post 1.17 1.17 Hold DDM

07/29/10 Kim Eng Singapore Post 1.13 1.25 Hold PER15x
11/01/10 Kim Eng Singapore Post 1.18 1.25 Hold PER15x
01/31/11 Kim Eng Singapore Post 1.17 1.29 Hold PER15x

08/13/10 Lim & Tan Singapore Post 1.15 0 Buy
09/08/10 Lim & Tan Singapore Post 1.23 0 Sell

06/25/10 OCBC Singapore Post 1.12 1.16 Hold
07/29/10 OCBC Singapore Post 1.13 1.16 Hold
01/31/11 OCBC Singapore Post 1.17 1.16 Hold DCF