OCBC Bank - 5 buy calls, 1 hold call & 1 sell call.

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

02/21/11 CIMB OCBC 9.41 11.04 Outperform PB1.8x, GGM
03/03/11 CIMB OCBC 9.25 11.04 Outperform PB1.8x & GGM
03/25/11 CIMB OCBC 9.3 11.04 Outperform PB1.8x & GGM
04/05/11 CIMB OCBC 9.65 11.04 Outperform

02/21/11 Citigroup OCBC 9.41 10.6 Buy

03/18/11 CLSA OCBC 9.02 9.25 Underperform
04/14/11 CLSA OCBC 9.64 9.25 Underperform

02/16/11 DBS Vickers OCBC 9.44 11.3 Buy
02/21/11 DBS Vickers OCBC 9.41 11.3 Buy
02/22/11 DBS Vickers OCBC 9.32 11.3 Buy
02/28/11 DBS Vickers OCBC 9.26 11.3 Buy
03/03/11 DBS Vickers OCBC 9.35 11.3 Buy PB1.9x & GGM
04/01/11 DBS Vickers OCBC 9.46 11.3 Buy
04/04/11 DBS Vickers OCBC 9.59 11.3 Buy
04/12/11 DBS Vickers OCBC 9.69 11.3 Buy
04/18/11 DBS Vickers OCBC 9.69 11.3 Buy
04/25/11 DBS Vickers OCBC 9.47 11.3 Buy

02/21/11 DMG & Partners OCBC 9.41 10.6 Buy PB1.7x
03/02/11 DMG & Partners OCBC 9.35 10.6 Buy PB1.7x
04/01/11 DMG & Partners OCBC 9.46 10.6 Buy PB1.7x

02/21/11 Kim Eng OCBC 9.41 11.18 Buy PB1.7x, GGM
03/08/11 Kim Eng OCBC 9.29 11.18 Buy

02/21/11 phillip OCBC 9.41 10 Hold

Ntegrator - Hold call by NRA.

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

03/03/11 NRA Ntegrator 0.025 0.035 Hold PB1x

Baltic Dry Index (BDI) - 1254

Quote:

The index was down 0.63 per cent or 8 points to 1,254 points, its lowest since Feb 28.

End Quote.

NOL - 7 buy calls, 1 hold call & 1 sell call.

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

03/08/11 CIMB NOL 2.06 2.65 Outperform PB1.5x
03/16/11 CIMB NOL 1.92 2.65 Outperform
03/22/11 CIMB NOL 1.97 2.65 Outperform
03/28/11 CIMB NOL 1.99 2.45 Outperform
04/05/11 CIMB NOL 1.99 2.45 Outperform PB1.4x

02/17/11 Citigroup NOL 2.13 2.5 Buy

03/25/11 Credit Suisse NOL 2.01 2.38 Outperform PB1.3x

02/22/11 DBS Vickers NOL 2.12 2.5 Buy
03/07/11 DBS Vickers NOL 2.06 2.15 Hold EV/Ebitda 6x
03/11/11 DBS Vickers NOL 2.08 2.15 Hold EV/Ebitda 6x
04/04/11 DBS Vickers NOL 1.95 2.15 Hold

04/06/11 Jefferies NOL 1.97 1.35 Underperform

02/17/11 Morgan Stanley NOL 2.13 2.9 Buy

02/17/11 OCBC NOL 2.13 2.7 Buy

02/17/11 phillip NOL 2.13 2.5 Buy PB1.4x

02/17/11 UOB Kay Hian NOL 2.13 2.55 Buy PB1.4x
03/08/11 UOB Kay Hian NOL 2.06 2.55 Buy PB1.4x

Noble - Buy calls from all analysts.

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

03/01/11 CIMB Noble 2.05 2.6 Outperform PER14x
03/04/11 CIMB Noble 2.18 2.7 Outperform PER15x

03/17/11 DBS Vickers Noble 2.05 2.6 Buy DCF

03/07/11 DIR Noble 2.13 2.42 Buy

03/01/11 DMG & Partners Noble 2.05 2.58 Buy PER13.8x
03/04/11 DMG & Partners Noble 2.18 2.58 Buy
03/17/11 DMG & Partners Noble 2.05 2.58 Buy
03/28/11 DMG & Partners Noble 2.17 2.58 Buy

03/16/11 IIFL Noble 1.97 2.8 Buy

03/01/11 Kim Eng Noble 2.04 3 Buy PER20x

03/01/11 Lim & Tan Noble 2.05 0 Buy
03/04/11 Lim & Tan Noble 2.18 0 Buy
03/22/11 Lim & Tan Noble 2.07 0 Buy
04/12/11 Lim & Tan Noble 2.19 0 Buy

04/21/11 Nomura Noble 2.24 2.75 Buy

03/01/11 OCBC Noble 2.05 2.92 Buy
03/01/11 OCBC Noble 2.05 2.92 Buy PER12x

03/02/11 phillip Noble 2.19 2.53 Buy PER16x

03/04/11 RBS Noble 2.18 3 Buy

03/01/11 UBS Noble 2.05 2.7 Buy

03/08/11 UOB Kay Hian Noble 2.15 2.5 Buy
03/08/11 UOB Kay Hian Noble 2.15 2.5 Buy PER14.4x

Nera Telecommunication - Lim & Tan downgraded this stock.

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

10/15/10 Lim & Tan Nera Telecom 0.34 0 Buy
02/11/11 Lim & Tan Nera Telecom 0.395 0 Neutral

Natural Cool - Buy call from NRA.

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

03/08/11 NRA Natural Cool 0.185 0.235 Buy Sum of parts

Mun Siong - Buy call from DMG.

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

02/23/11 DMG & Partners Mun Siong 0.185 0.28 Buy DCF

Macquarie Infrastructure International Fund (MIIF) - Buy call from NRA.

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

03/01/11 NRA MIIF 0.55 0.63 Buy DCF
03/21/11 NRA MIIF 0.575 0.645 Buy DCF

Midas - 6 buy calls & 3 hold calls.

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

02/16/11 CIMB Midas 0.865 1.26 Outperform PER15x
02/28/11 CIMB Midas 0.75 1.07 Outperform PER13x
04/07/11 CIMB Midas 0.775 1.07 Outperform PER13x

02/17/11 Credit Suisse Midas 0.85 1.2 Outperform

02/28/11 DBS Vickers Midas 0.75 1.2 Buy PER20x
04/12/11 DBS Vickers Midas 0.815 1.2 Buy PER20x

02/16/11 DMG & Partners Midas 0.865 1.2 Buy PER20x
02/24/11 DMG & Partners Midas 0.745 1.2 Buy PER20x
02/28/11 DMG & Partners Midas 0.75 1.2 Buy
03/01/11 DMG & Partners Midas 0.75 1.2 Buy PER20x
03/25/11 DMG & Partners Midas 0.75 1.2 Buy
04/13/11 DMG & Partners Midas 0.815 0.98 Buy PER18x

02/17/11 Kim Eng Midas 0.865 0.78 Hold PER15x
02/28/11 Kim Eng Midas 0.75 0.76 Hold PER15x

02/16/11 Lim & Tan Midas 0.865 0 Neutral
02/28/11 Lim & Tan Midas 0.75 0 Hold
03/03/11 Lim & Tan Midas 0.76 0 Hold
04/12/11 Lim & Tan Midas 0.815 0 Hold

02/16/11 Nomura Midas 5.33 5.9 Neutral HK

02/28/11 OCBC Midas 0.75 1.1 Buy

02/28/11 phillip Midas 0.75 1.06 Buy

Micro-Mechanics - Buy calls from analysts.

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

03/07/11 Amfraser Micro-Mechanics 0.43 0.62 Buy PEG0.6x, PER12x

02/01/11 OCBC Micro-Mechanics 0.495 0.67 Buy PER12x
03/22/11 OCBC Micro-Mechanics 0.43 0.67 Buy PER12x
04/11/11 OCBC Micro-Mechanics 0.46 0.67 Buy PER12x

Mewah - Buy calls from all analysts.

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

02/25/11 CIMB Mewah 1.03 1.41 Outperform PER13x

04/01/11 DBS Vickers Mewah 0.975 1.21 Buy PER14x
04/04/11 DBS Vickers Mewah 1.04 1.21 Buy PER14x
04/12/11 DBS Vickers Mewah 1.03 1.21 Buy
04/18/11 DBS Vickers Mewah 0.99 1.21 Buy

03/09/11 DIR Mewah 1 1.15 Outperform PER13.6x

04/18/11 JP Morgan Mewah 0.99 1.3 Overweight Sum of parts

03/23/11 StanChart Mewah 0.92 1.1 Outperform

02/16/11 UOB Kay Hian Mewah 1.06 1.28 Buy
02/17/11 UOB Kay Hian Mewah 1.06 1.28 Buy PER12x
04/04/11 UOB Kay Hian Mewah 1.04 1.27 Buy

Mermaid Maritime - Not a good stock to invest.

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

02/15/11 CIMB Mermaid 0.41 0.41 Underperform PB0.7x
02/28/11 CIMB Mermaid 0.37 0.41 Underperform PB0.7x
04/04/11 CIMB Mermaid 0.355 0.36 Underperform

02/15/11 DBS Vickers Mermaid 0.405 0.46 Hold PB0.8x
04/19/11 DBS Vickers Mermaid 0.38 0.46 Hold

Meiban - Hold call by DBS Vickers.

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

03/29/11 DBS Vickers Meiban 0.32 0.3 Hold

Megachem - Buy call from NRA.

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

02/23/11 NRA Megachem 0.21 0.32 Buy PER8x

Baltic Dry Index (BDI) - 1262

Quote:

The index was down 0.71 percent or 9 points to 1,262 points, falling for a 17th session to its lowest since Feb. 28.

End Quote.

Marco Polo - Buy calls from analysts.

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

02/10/11 DMG & Partners Marco Polo 0.41 0.605 Buy

02/10/11 Kim Eng Marco Polo 0.41 0.55 Buy

Mapletree Logistics - 6 buy calls.

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

03/14/11 CIMB Mapletree Logistics 0.9 1.05 Outperform DDM

03/28/11 Citigroup Mapletree Logistics 0.875 1 Buy

03/09/11 DBS Vickers Mapletree Logistics 0.92 1.07 Buy
03/28/11 DBS Vickers Mapletree Logistics 0.885 1.07 Buy
04/04/11 DBS Vickers Mapletree Logistics 0.905 1.07 Buy
04/13/11 DBS Vickers Mapletree Logistics 0.89 1.07 Buy

02/10/11 Morgan Stanley Mapletree Logistics 0.96 1.1 Overweight

03/03/11 OCBC Mapletree Logistics 0.9 1.03 Buy
03/08/11 OCBC Mapletree Logistics 0.915 1.03 Buy
03/15/11 OCBC Mapletree Logistics 0.88 1.03 Buy
04/12/11 OCBC Mapletree Logistics 0.915 1.01 Buy RNAV

04/11/11 RBS Mapletree Logistics 0.915 1.14 Buy

Mapletree Industrial - Buy calls from analysts.

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

02/18/11 CIMB Mapletree Industrial 1.09 1.24 Outperform DDM

03/09/11 DBS Vickers Mapletree Industrial 1.05 1.18 Buy
04/13/11 DBS Vickers Mapletree Industrial 1.06 1.16 Buy

M1 - Mixed calls from analysts.

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

04/12/11 CIMB M1 2.39 2.65 Neutral DCF
04/18/11 CIMB M1 2.41 2.63 Neutral DCF

04/18/11 DBS Vickers M1 2.41 2.6 Buy DCF

04/18/11 DMG & Partners M1 2.41 2.85 Buy DCF

04/18/11 HSBC M1 2.41 2.48 Underweight

04/01/11 Kim Eng M1 2.41 2.88 Buy
04/18/11 Kim Eng M1 2.41 2.88 Buy PER16x

04/04/11 OCBC M1 2.42 2.79 Buy

Longcheer - Sell this China phone maker!

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

02/10/11 Lim & Tan Longcheer 0.355 0 Sell/Avoid
04/18/11 Lim & Tan Longcheer 0.32 0 Sell

Lippo-Mapletree Indo - Buy call from OCBC.

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

02/17/11 OCBC Lippo-Mapletree Indo 0.54 0.59 Buy
03/03/11 OCBC Lippo-Mapletree Indo 0.53 0.59 Buy
03/25/11 OCBC Lippo-Mapletree Indo 0.54 0.59 Buy

Lian beng - Buy call from DMG.

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

04/05/11 DMG & Partners Lian Beng 0.315 0.61 Buy
04/18/11 DMG & Partners Lian Beng 0.36 0.67 Buy PER7x

Li Heng - Kim Eng has ceased coverage for this counter.

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

05/17/10 Kim Eng Li Heng 0.24 0.35 Buy PER10x
07/05/10 Kim Eng Li Heng 0.215 0.35 Buy PER10x
11/10/10 Kim Eng Li Heng 0.225 0.24 Hold PER9x
03/15/11 Kim Eng Li Heng 0.16 0 Cease Coverage

04/15/10 OCBC Li Heng 0.3 0.34 Buy DCF
05/17/10 OCBC Li Heng 0.24 0.34 Buy
06/28/10 OCBC Li Heng 0.225 0.32 Buy DCF
08/16/10 OCBC Li Heng 0.215 0.32 Buy DCF
09/02/10 OCBC Li Heng 0.19 0.32 Buy

Leader Environment - Buy call from DMG.

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

03/02/11 DMG & Partners Leader Environment 0.22 0.53 Buy PER10x
04/14/11 DMG & Partners Leader Environment 0.27 0.56 Buy PATMI 10x

KSH - DMG likes this stock.

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

02/18/11 DMG & Partners KSH 0.25 0.31 Buy Sum of parts
03/10/11 DMG & Partners KSH 0.24 0.31 Buy

KS Energy - OCBC doesn't like this stock but DnB Nor likes it.

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

03/10/11 DnB Nor KS Energy 0.89 1.4 Buy

02/25/11 OCBC KS Energy 0.865 0.91 Hold NTA
03/04/11 OCBC KS Energy 0.88 0.91 Hold
03/15/11 OCBC KS Energy 0.885 0.91 Hold
04/14/11 OCBC KS Energy 1.03 0.91 Hold

Kreuz - Buy call from DnB Nor.

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

03/10/11 DnB Nor Kreuz 0.37 0.5 Buy DCF

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

The charts above dated 15/04/11 show that there are fund outflows from US, HK & SG and JP is the only country with huge inflow of funds.  It will be interesting to see how the 3 markets with fund outflows will move in the future.

K-Reit - Citigroup hates this reit.

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

03/22/11 CIMB K-Reit 1.29 1.52 Neutral DDM
04/15/11 CIMB K-Reit 1.32 1.52 Outperform DDM

03/22/11 Citigroup K-Reit 1.29 1.2 Sell

03/09/11 DBS Vickers K-Reit 1.32 1.24 Hold
03/22/11 DBS Vickers K-Reit 1.29 1.32 Hold DCF
04/13/11 DBS Vickers K-Reit 1.29 1.2 Hold
04/15/11 DBS Vickers K-Reit 1.32 1.32 Hold

03/23/11 DIR K-Reit 1.29 1.3 Hold

03/22/11 Nomura K-Reit 1.29 1.76 Buy RNAV

Koda - OCBC gave up on this stock due to low liquidity.

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

02/16/11 OCBC Koda 0.16 0 Cease Coverage Low liquidity

Kingsmen Creatives - OCBC upgraded the target price.

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

08/13/10 DMG & Partners Kingsmen Creatives 0.59 0.77 Buy
08/18/10 DMG & Partners Kingsmen Creatives 0.6 0.77 Buy
08/19/10 DMG & Partners Kingsmen Creatives 0.6 0.82 Buy PER9x
02/23/11 DMG & Partners Kingsmen Creatives 0.56 0.76 Buy
02/25/11 DMG & Partners Kingsmen Creatives 0.56 0.76 Buy PER9x

08/13/10 Kim Eng Kingsmen Creatives 0.59 0.85 Buy
11/12/10 Kim Eng Kingsmen Creatives 0.6 0.79 Buy
12/07/10 Kim Eng Kingsmen Creatives 0.565 0.79 Buy
02/24/11 Kim Eng Kingsmen Creatives 0.56 0.84 Buy

09/02/10 OCBC Kingsmen Creatives 0.595 0.82 Buy
01/28/11 OCBC Kingsmen Creatives 0.575 0.665 Hold PER9x
01/31/11 OCBC Kingsmen Creatives 0.565 0.65 Hold
02/23/11 OCBC Kingsmen Creatives 0.56 0.665 Hold
02/24/11 OCBC Kingsmen Creatives 0.56 0.72 Hold

Kinergy - Buy call from NRA.

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

03/01/11 NRA Kinergy 0.15 0.31 Buy PER7x

Kian Ann - Buy call from DMG.

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

02/16/11 DMG & Partners Kian Ann 0.22 0.27 Buy PER7x
03/10/11 DMG & Partners Kian Ann 0.21 0.27 Buy

Keppel Land - 6 buy calls & 1 hold call.

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

02/11/11 CIMB Keppel Land 4.12 5.91 Buy
03/16/11 CIMB Keppel Land 4.15 5.2 Outperform RNAV (10% discount)

04/07/11 CLSA Keppel Land 4.54 4.99 Buy RNAV (10% discount)

02/22/11 DBS Vickers Keppel Land 4.21 5.09 Buy
03/16/11 DBS Vickers Keppel Land 4.31 5.09 Buy

03/18/11 Kim Eng Keppel Land 4.12 5.9 Buy RNAV (10% premium)

03/29/11 Morgan Stanley Keppel Land 4.46 0 Equalweight

03/17/11 OCBC Keppel Land 4.15 4.67 Buy RNAV
03/30/11 OCBC Keppel Land 4.39 5.12 Buy RNAV

03/18/11 phillip Keppel Land 4.12 4.99 Buy RNAV

Keppel Corp - 11 buy calls & 1 hold call.

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

02/14/11 CIMB Keppel Corp 11.16 14.1 Outperform
02/16/11 CIMB Keppel Corp 11.22 14.1 Outperform Sum of parts
02/17/11 CIMB Keppel Corp 11.58 13.4 Buy
03/01/11 CIMB Keppel Corp 11.26 15 Outperform
03/07/11 CIMB Keppel Corp 11.68 15 Outperform
03/08/11 CIMB Keppel Corp 11.7 15 Outperform Sum of parts
03/10/11 CIMB Keppel Corp 12 15 Outperform
03/14/11 CIMB Keppel Corp 11.7 15 Outperform
03/16/11 CIMB Keppel Corp 11.36 15 Outperform Sum of parts
04/01/11 CIMB Keppel Corp 12.3 15 Outperform Sum of parts
04/04/11 CIMB Keppel Corp 12.4 15 Outperform Sum of parts
04/11/11 CIMB Keppel Corp 12.72 15 Outperform
04/12/11 CIMB Keppel Corp 12.5 15 Outperform Sum of parts
04/14/11 CIMB Keppel Corp 12.6 15 Outperform

02/15/11 Citigroup Keppel Corp 11.16 14.45 Buy

02/14/11 DBS Vickers Keppel Corp 11.16 13.55 Buy
02/17/11 DBS Vickers Keppel Corp 11.58 14.63 Buy Sum of parts
02/22/11 DBS Vickers Keppel Corp 11.44 14.63 Buy
03/10/11 DBS Vickers Keppel Corp 12 14.63 Buy Sum of parts
03/16/11 DBS Vickers Keppel Corp 11.36 14.63 Buy
03/28/11 DBS Vickers Keppel Corp 11.92 14.63 Buy
04/04/11 DBS Vickers Keppel Corp 12.4 14.63 Buy
04/12/11 DBS Vickers Keppel Corp 12.5 14.63 Buy
04/14/11 DBS Vickers Keppel Corp 12.6 14.63 Buy

02/10/11 DMG & Partners Keppel Corp 11.56 13 Buy Sum of parts
02/14/11 DMG & Partners Keppel Corp 11.16 13 Buy PER17.5x
02/15/11 DMG & Partners Keppel Corp 11.22 13.94 Buy Sum of parts
02/17/11 DMG & Partners Keppel Corp 11.58 13.94 Buy
02/18/11 DMG & Partners Keppel Corp 11.58 13.94 Buy
03/08/11 DMG & Partners Keppel Corp 11.7 13.94 Buy Sum of parts
03/11/11 DMG & Partners Keppel Corp 11.82 13.94 Buy Sum of parts
03/16/11 DMG & Partners Keppel Corp 11.36 13.94 Buy Sum of parts
04/04/11 DMG & Partners Keppel Corp 12.4 13.94 Buy PER17x
04/12/11 DMG & Partners Keppel Corp 12.5 13.94 Buy
04/13/11 DMG & Partners Keppel Corp 12.5 13.94 Buy Sum of parts

03/10/11 DnB Nor Keppel Corp 12.1 11.5 Hold Sum of parts

03/23/11 HSBC Keppel Corp 11.72 14.2 Overweight

03/11/11 IIFL Keppel Corp 11.82 16.96 Buy

02/14/11 Kim Eng Keppel Corp 11.16 13.05 Buy
02/16/11 Kim Eng Keppel Corp 11.22 13.05 Buy
02/17/11 Kim Eng Keppel Corp 11.58 13.05 Buy
03/03/11 Kim Eng Keppel Corp 11.5 13.95 Buy Sum of parts
03/07/11 Kim Eng Keppel Corp 11.68 13.95 Buy
04/04/11 Kim Eng Keppel Corp 12.4 13.95 Buy

02/16/11 Lim & Tan Keppel Corp 11.22 0 Buy
02/17/11 Lim & Tan Keppel Corp 11.58 0 Buy
03/08/11 Lim & Tan Keppel Corp 11.7 0 Buy
03/31/11 Lim & Tan Keppel Corp 12.26 0 Buy

02/16/11 OCBC Keppel Corp 11.22 13.24 Buy
02/17/11 OCBC Keppel Corp 11.58 13.24 Buy
03/04/11 OCBC Keppel Corp 11.6 13.26 Buy
03/08/11 OCBC Keppel Corp 11.7 13.26 Buy
03/15/11 OCBC Keppel Corp 11.82 13.24 Buy
04/05/11 OCBC Keppel Corp 12.7 13.92 Buy RNAV
04/14/11 OCBC Keppel Corp 12.6 13.92 Buy

02/17/11 phillip Keppel Corp 11.58 13.4 Buy
04/15/11 phillip Keppel Corp 10.82 12.52 Buy

02/21/11 UOB Kay Hian Keppel Corp 11.72 13 Buy

Kencana Agri - DMG upgraded the target price.

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

03/03/11 DMG & Partners Kencana Agri 0.415 0.6 Buy Sum of parts

Karin - OCBC upgraded this stock.

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

02/15/11 OCBC Karin 0.24 0.28 Under Review
04/04/11 OCBC Karin 0.24 0.315 Buy PER8x

JES International - Buy call from DBS Vickers.

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

03/02/11 DBS Vickers JES International 0.31 0.5 Buy PB1.5x
03/10/11 DBS Vickers JES International 0.31 0.5 Buy PB1.5x

Jaya Holdings - DnB loves this stock.

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

02/01/11 DBS Vickers Jaya 0.69 0.66 Hold PB1x
02/14/11 DBS Vickers Jaya 0.66 0.66 Hold Offer at $0.48

03/10/11 DnB Nor Jaya 0.54 1 Buy

Jasper Investments - Something big maybe brewing, stated by Kim Eng.

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

04/05/11 Kim Eng Jasper Investments 0.065 0.12 Not Rated RNAV Possible M&A

Indofood Agri - Mixed calls from analysts.

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

02/28/11 CIMB Indofood Agri 2.3 3 Outperform PER16x
04/06/11 CIMB Indofood Agri 2.28 2.73 Outperform PER14.5x

02/17/11 Credit Suisse Indofood Agri 2.53 3 Neutral
02/21/11 Credit Suisse Indofood Agri 2.46 3 Neutral

02/21/11 DBS Vickers Indofood Agri 2.46 0 Under Review

02/22/11 DIR Indofood Agri 2.41 2.5 Neutral

03/02/11 DMG & Partners Indofood Agri 2.28 2.67 Buy PER15x

02/10/11 Kim Eng Indofood Agri 2.59 3.33 Buy PER19x

02/28/11 phillip Indofood Agri 2.3 2.78 Buy
02/28/11 phillip Indofood Agri 2.3 2.78 Buy DCF

04/04/11 UOB Kay Hian Indofood Agri 2.31 2.59 Hold

Hyflux - Mostly buy calls except neutral call by JPM.

02/22/11 CIMB Hyflux 2.15 2.71 Outperform Sum of parts
02/24/11 CIMB Hyflux 1.98 2.71 Outperform Sum of parts

03/08/11 Credit Suisse Hyflux 1.83 3 Buy

02/22/11 DBS Vickers Hyflux 2.15 2.17 Hold
03/08/11 DBS Vickers Hyflux 1.83 2.47 Buy Sum of parts

04/12/11 DIR Hyflux 2.14 2.4 Outperform PER17.5x, 2012

02/22/11 JP Morgan Hyflux 2.15 1.9 Neutral

02/24/11 Kim Eng Hyflux 1.98 1.59 Sell Sum of parts
03/08/11 Kim Eng Hyflux 1.83 2.1 Buy Sum of parts

02/24/11 OCBC Hyflux 1.98 2.41 Buy PER22.5x
03/08/11 OCBC Hyflux 1.83 2.41 Buy PER22.5x
03/17/11 OCBC Hyflux 1.95 2.41 Buy PER22.5x
04/08/11 OCBC Hyflux 2.19 2.41 Buy

03/08/11 UBS Hyflux 1.83 2.4 Buy

Hu An Cable - Phillip upgraded the target price.

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

02/24/11 phillip Hu An Cable 0.38 0.615 Buy PER5.85x + NAV $0.10

HTL - Oh my god! DMG downgraded this furniture maker.

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

03/01/11 DMG & Partners HTL 0.595 0.5 Sell PER8x

Hotel Properties - Target price was upgraded by Kim Eng.

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

03/04/11 Kim Eng Hotel Properties 2.4 3.42 Buy RNAV (20% discount)

Hongkong Land - Hold call by Deutsche.

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

03/10/11 Deutsche Hongkong Land 6.98 7.4 Hold

Hong Leong Finance (HL Finance) - Buy calls from analysts.

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

03/08/11 DMG & Partners Hong Leong Finance 2.96 3.61 Buy PB1x

02/25/11 Lim & Tan Hong Leong Finance 2.86 0 Buy

Baltic Dry Index (BDI) - 1376

Quote:

The index fell 1.78 per cent or 25 points to 1,376 points on Friday, in a ninth straight fall, and was at its lowest since March 4.

End Quote.

Hong Leong Asia (HL Asia) - Mixed calls from analysts.

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

01/28/11 CIMB Hong Leong Asia 2.93 3.23 Underperform
03/02/11 CIMB Hong Leong Asia 2.84 3.01 Underperform Sum of parts

03/02/11 DMG & Partners Hong Leong Asia 2.84 3.7 Buy RNAV (20% discount)
03/03/11 DMG & Partners Hong Leong Asia 2.77 3.7 Buy Sum of parts (20% discount)

Ho Bee - Mixed calls from analysts.

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

02/25/11 CIMB Ho Bee 1.31 1.85 Outperform RNAV (25% discount)

03/16/11 DBS Vickers Ho Bee 1.36 1.93 Buy

12/23/10 DIR Ho Bee 1.57 1.92 Hold

03/09/11 DMG & Partners Ho Bee 2.96 3.61 Buy

02/25/11 Kim Eng Ho Bee 1.31 2.01 Buy

02/25/11 phillip Ho Bee 1.31 1.42 Hold

Hi-P - Analysts love this stock.

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

02/23/11 Credit Suisse Hi-P 1.11 1.4 Outperform

02/22/11 DBS Vickers Hi-P 1.12 1.43 Buy
02/23/11 DBS Vickers Hi-P 1.11 1.43 Buy PER11x
03/03/11 DBS Vickers Hi-P 1.2 1.43 Buy PER11x
03/29/11 DBS Vickers Hi-P 1.15 1.43 Buy PER11x

02/24/11 DMG & Partners Hi-P 1.11 1.28 Buy PER13.2x

02/22/11 Lim & Tan Hi-P 1.12 0 Buy
02/24/11 Lim & Tan Hi-P 1.11 0 Buy
02/25/11 Lim & Tan Hi-P 1.17 0 Buy
03/01/11 Lim & Tan Hi-P 1.2 0 Buy
03/04/11 Lim & Tan Hi-P 1.22 0 Buy
03/15/11 Lim & Tan Hi-P 1.15 0 Buy
03/18/11 Lim & Tan Hi-P 1.04 0 Buy Buy on weakness
03/28/11 Lim & Tan Hi-P 1.14 0 Buy

Hiap Seng - Buy call from CIMB but fully valued by DBS Vickers.

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

02/08/11 CIMB Hiap Seng 0.57 0.7 Trading Buy PER7.5x
02/14/11 CIMB Hiap Seng 0.56 0.67 Trading Buy PER7.5x
04/01/11 CIMB Hiap Seng 0.5 0.67 Trading Buy

02/08/11 DBS Vickers Hiap Seng 0.565 0.56 Fully Valued Sum of parts
02/14/11 DBS Vickers Hiap Seng 0.555 0.56 Fully Valued

Hersing - Target price was downgraded by Phillip.

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

02/28/11 phillip Hersing 0.27 0.32 Buy

Guocoland - Hold call from DBS Vickers.

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

03/16/11 DBS Vickers Guocoland 2.45 2.08 Hold

Goodpack - Mixed calls from analysts.

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

02/15/11 CIMB Goodpack 2.21 2.19 Underperform PER19x
03/11/11 CIMB Goodpack 1.96 2.19 Neutral PER19x

03/15/11 DBS Vickers Goodpack 1.86 2.25 Buy DCF & PER14.7x
03/21/11 DBS Vickers Goodpack 1.74 2.25 Buy

02/15/11 DMG & Partners Goodpack 2.21 2.12 Neutral DCF
03/21/11 DMG & Partners Goodpack 1.74 2 Buy
03/22/11 DMG & Partners Goodpack 1.74 2 Buy DCF

02/16/11 IIFL Goodpack 2.25 2.28 Reduce

02/15/11 Kim Eng Goodpack 2.21 2.48 Buy PER25x
03/21/11 Kim Eng Goodpack 1.74 2.42 Buy PER25x

02/15/11 OCBC Goodpack 2.21 2.28 Under Review

Golden Agri - 4 buy call, 1 hold call & 1 sell call.

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

01/28/11 CIMB Golden Agri 0.72 0.88 Trading Buy
03/01/11 CIMB Golden Agri 0.65 0.85 Outperform PER16x

03/04/11 CLSA Golden Agri 0.7 0.87 Buy
03/07/11 CLSA Golden Agri 0.7 0.87 Buy

03/01/11 DMG & Partners Golden Agri 0.65 0.83 Buy
03/31/11 DMG & Partners Golden Agri 0.695 0.83 Buy

02/08/11 OCBC Golden Agri 0.72 0.91 Buy
03/01/11 OCBC Golden Agri 0.65 0.88 Buy PER17x
03/21/11 OCBC Golden Agri 0.64 0.88 Buy PER17x

02/11/11 phillip Golden Agri 0.715 0.74 Hold
03/01/11 phillip Golden Agri 0.65 0.74 Hold DCF

03/01/11 UOB Kay Hian Golden Agri 0.695 0.73 Hold
04/04/11 UOB Kay Hian Golden Agri 0.705 0.62 Sell

GMG - BofA loves rubber plantation.

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

01/26/11 BofA GMG 0.285 0.5 Buy PER15.5x

Global Palm Resources - OCBC doesn't like this stock that it has downgraded its target price.

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

01/26/11 OCBC Global Palm Resources 0.355 0.4 Hold PER18x
03/04/11 OCBC Global Palm Resources 0.345 0.365 Hold PER18x

Global Logistics - Buy calls from analysts.

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

02/15/11 DBS Vickers Global Logistics 1.96 2.76 Buy Sum of parts
03/16/11 DBS Vickers Global Logistics 1.88 2.76 Buy

02/14/11 JP Morgan Global Logistics 1.93 0 Overweight

Genting HK - 3 buy calls & 2 sell calls.

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

04/07/11 CIMB Genting Hong Kong 0.42 0.48 Outperform Sum of parts

03/25/11 Credit Suisse Genting Hong Kong 0.42 0.37 Sell PER22.2x, EV/Ebitda 10.9x

03/14/11 Kim Eng Genting Hong Kong 0.395 0.54 Buy Sum of parts
03/25/11 Kim Eng Genting Hong Kong 0.42 0.54 Buy Sum of parts

01/24/11 Macquarie Genting Hong Kong 0.47 0.6 Outperform

03/28/11 UOB Kay Hian Genting Hong Kong 0.42 0.37 Sell

Genting - 9 buy calls & 3 hold calls.

01/24/11 CIMB Genting 2.15 2.7 Outperform Sum of parts
01/25/11 CIMB Genting 2.12 2.7 Outperform Sum of parts
01/28/11 CIMB Genting 2.06 2.7 Outperform
02/09/11 CIMB Genting 2.09 2.7 Outperform Sum of parts
02/23/11 CIMB Genting 1.98 2.7 Outperform Sum of parts

02/07/11 Citigroup Genting 2.13 2.6 Buy

01/28/11 Credit Suisse Genting 2.04 0 Outperform
02/11/11 Credit Suisse Genting 2.03 2.65 Outperform

03/30/11 DBS Vickers Genting 2 2.7 Buy Sum of parts

02/23/11 DMG & Partners Genting 1.98 2.51 Buy

01/28/11 HSBC Genting 2.06 1.95 Underweight EV/Ebitda
02/24/11 HSBC Genting 1.98 2.16 Neutral

02/23/11 JP Morgan Genting 1.98 2.15 Neutral

02/22/11 Lim & Tan Genting 2 0 Buy

02/21/11 OCBC Genting 2.01 2.53 Buy
02/23/11 OCBC Genting 1.98 2.53 Buy DCF
03/31/11 OCBC Genting 2.07 2.53 Buy DCF

02/22/11 phillip Genting 1.99 2.36 Buy

02/07/11 UBS Genting 2.13 2.39 Neutral
03/23/11 UBS Genting 1.93 2.3 Buy EV/Ebitda 15x

02/23/11 UOB Kay Hian Genting 1.98 1.94 Hold

Gallant Venture - Buy calls from analysts.

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

04/06/11 DBS Vickers Gallant Venture 0.43 0.88 Buy Sum of parts

01/27/11 Kim Eng Gallant Venture 0.42 0.75 Buy Sum of parts
02/15/11 Kim Eng Gallant Venture 0.39 0.75 Buy Sum of parts

Fuxing China - Buy calls from analysts.

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

02/03/11 NRA Fuxing China 0.165 0.28 Overweight PER11x

03/02/11 DMG & Partners Fuxing China 0.17 0.255 Buy PER9x

Frasers Commercial Trust (FCOT) - How is this trust faring after shares consolidation?

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

03/09/11 DBS Vickers Frasers Commercial Trust 0.82 1.05 Buy

01/28/11 OCBC Frasers Commercial Trust 0.17 0.18 Buy RNAV (40% discount), Div Yield 7.26%
02/10/11 OCBC Frasers Commercial Trust 0.86 0.9 Buy
02/11/11 OCBC Frasers Commercial Trust 0.85 0.92 Buy RNAV (40% discount)
03/03/11 OCBC Frasers Commercial Trust 0.805 0.92 Buy
03/15/11 OCBC Frasers Commercial Trust 0.79 0.92 Buy Under Review
03/25/11 OCBC Frasers Commercial Trust 0.785 0.92 Buy

01/31/11 phillip Frasers Commercial Trust 0.17 0.18 Hold

Frasers Centrepoint Trust (FCT) - OCBC put a hold on this stock while others put a buy.

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

01/25/11 CIMB Frasers Centrepoint Trust 1.52 1.86 Outperform DDM
03/23/11 CIMB Frasers Centrepoint Trust 1.45 1.86 Outperform DDM

01/25/11 DBS Vickers Frasers Centrepoint Trust 1.52 1.73 Buy
03/09/11 DBS Vickers Frasers Centrepoint Trust 1.51 1.73 Buy
03/23/11 DBS Vickers Frasers Centrepoint Trust 1.45 1.73 Buy

01/25/11 DMG & Partners Frasers Centrepoint Trust 1.52 1.73 Buy DDM

01/25/11 OCBC Frasers Centrepoint Trust 1.52 1.58 Hold
03/25/11 OCBC Frasers Centrepoint Trust 1.46 1.58 Hold

Fortune Reit - Not a fortune afterall.

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

03/15/11 Goldman Sachs Fortune Reit 3.95 4.6 Neutral

Foreland Fabritech - Buy call from NRA.

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

03/02/11 NRA Foreland Fabritech 0.13 0.185 Buy PER7x

FJ Benjamin - Mixed calls from analysts.

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

02/10/11 DMG & Partners FJ Benjamin 0.405 0.52 Buy

02/10/11 Kim Eng FJ Benjamin 0.405 0.62 Buy DCF

02/22/11 UOB Kay Hian FJ Benjamin 0.385 0.425 Hold

First Ship Lease Trust - Target price was downgraded by DBS Vickers.

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

01/21/11 DBS Vickers First Ship Lease Trust 0.47 0.45 Hold

First Resources - Phillip doesn't like this resources stock.

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

01/21/11 DBS Vickers First Resources 1.45 1.55 Hold DCF
03/02/11 DBS Vickers First Resources 1.34 1.65 Buy DCF

01/25/11 DMG & Partners First Resources 1.41 2.05 Buy
03/04/11 DMG & Partners First Resources 1.32 1.77 Buy PER15x

01/21/11 phillip First Resources 1.45 1.53 Hold DCF
03/03/11 phillip First Resources 1.32 1.47 Hold DCF

04/04/11 UOB Kay Hian First Resources 1.36 1.6 Buy

First Reit - Target price was downgraded by OCBC but retained buy call.

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

01/24/11 OCBC First Reit 0.76 0.84 Buy
01/25/11 OCBC First Reit 0.765 0.82 Buy RNAV
02/18/11 OCBC First Reit 0.74 0.82 Buy Div Yield 8.6%
02/25/11 OCBC First Reit 0.725 0.82 Under Review
02/28/11 OCBC First Reit 0.73 0.8 Buy RNAV, Div Yield 8.5%
03/10/11 OCBC First Reit 0.74 0.8 Buy

Falcon Energy - Downgraded by Kim Eng.

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

02/28/11 Kim Eng Falcon Energy 0.375 0.41 Hold PER10x

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 1/4/2011 show that US, HK and SG markets have fund outflows except JP which has fund inflows. SG market is in a precarious position as a recent business times article reported that trading volume was very low for SG and speculated that people bet in casino instead of in the stock market.  With lesser funds flowing into SG market, STI has a high chance of falling.

F&N - DMG doesn't like this beverage & property stock.

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

03/17/11 CIMB F & N 5.42 6.84 Outperform Sum of parts (10% discount)

02/08/11 DBS Vickers F & N 6.06 7 Buy
02/11/11 DBS Vickers F & N 6.06 7 Buy RNAV (5% discount)
02/16/11 DBS Vickers F & N 6 7 Buy RNAV
03/09/11 DBS Vickers F & N 5.85 7 Buy
03/21/11 DBS Vickers F & N 5.36 7 Buy

02/11/11 DMG & Partners F & N 6.06 6.33 Neutral
02/17/11 DMG & Partners F & N 6 6.33 Neutral RNAV

02/14/11 HSBC F & N 6.02 6.77 Overweight

02/11/11 Kim Eng F & N 6.06 8.94 Buy Sum of parts
03/09/11 Kim Eng F & N 5.85 8.54 Buy Sum of parts

02/08/11 Lim & Tan F & N 6.06 0 Buy

Ezra - DnB Nor hated this marine stock to the core.

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

03/02/11 CIMB Ezra 1.62 3 Outperform Sum of parts
03/04/11 CIMB Ezra 1.68 3 Outperform Sum of parts

03/02/11 DMG & Partners Ezra 1.62 2.4 Buy PER15x

03/10/11 DnB Nor Ezra 1.78 1.45 Sell

03/02/11 OCBC Ezra 1.62 2.2 Buy
03/02/11 OCBC Ezra 1.62 2.2 Buy
03/04/11 OCBC Ezra 1.68 2.2 Buy
03/15/11 OCBC Ezra 1.71 2.2 Buy

03/31/11 UOB Kay Hian Ezra 1.76 2.1 Buy

Ezion - Buy calls from all analysts.

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

02/25/11 CIMB Ezion 0.625 1.31 Outperform PER12x
03/15/11 CIMB Ezion 0.65 1.03 Outperform PER11x

02/25/11 DBS Vickers Ezion 0.625 0.92 Buy PER12x
03/28/11 DBS Vickers Ezion 0.665 0.92 Buy

02/25/11 DMG & Partners Ezion 0.625 0.92 Buy PER12x

03/10/11 DnB Nor Ezion 0.67 0.9 Buy DCF

02/25/11 Kim Eng Ezion 0.625 0.99 Buy PEG 0.5x, PER12.5x

02/24/11 OCBC Ezion 0.625 0.82 Under Review
02/25/11 OCBC Ezion 0.625 0.84 Buy PER11x
03/04/11 OCBC Ezion 0.65 0.84 Buy
03/15/11 OCBC Ezion 0.65 0.84 Buy
03/31/11 OCBC Ezion 0.665 0.79 Buy

03/31/11 UOB Kay Hian Ezion 0.665 0.9 Buy

Baltic Dry Index (BDI) - 1520

Quote:

The index fell 0.65 per cent or 10 points to 1,520 points.

End Quote.

Etika - Hold call by NRA.

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

02/24/11 NRA Etika 0.36 0.355 Hold PER15.4x

Equation - Hold call by NRA.

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

02/16/11 NRA Equation 0.05 0.04 Hold Ebitda 6x

Epicentre - DMG likes apple products.

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

02/08/11 DMG & Partners Epicentre 0.37 0.51 Buy PER8x
02/15/11 DMG & Partners Epicentre 0.4 0.68 Buy PER8x
03/14/11 DMG & Partners Epicentre 0.46 0.68 Buy PER8x

Baltic Dry Index (BDI) - 1545

Quote:

The Baltic Dry Index has dropped 48 per cent in the past year. The index fell by 1.72 per cent or 27 points from Tuesday to 1,545 points.

End Quote.

Elec & Eltek - CIMB likes this stock but not Lim & Tan.

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

02/25/11 CIMB Elec & Eltek 3.45 4.03 Outperform

02/25/11 Lim & Tan Elec & Eltek 3.45 0 Hold
03/21/11 Lim & Tan Elec & Eltek 3.27 0 Neutral

ECS - Buy calls from analysts.

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

02/14/11 NRA ECS 0.845 1.42 Buy PER10x
02/28/11 NRA ECS 0.865 1.37 Buy PER10x

03/21/11 UOB Kay Hian ECS 0.83 1.18 Buy

DMX - Neutral call by NRA.

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

03/21/11 NRA DMX 0.35 0.37 Neutral 17x

Baltic Dry Index (BDI) - 1572

Quote:

The index fell by 0.82 per cent or 13 points to 1,572 points, after being flat on Monday.

End Quote.

DBS Bank - 7 buy calls, 1 sell call, 2 hold calls.

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

01/28/11 CIMB DBS 15.08 17 Outperform
02/08/11 CIMB DBS 15.18 17 Outperform PB1.45x
02/11/11 CIMB DBS 14.82 17 Outperform PB1.45x & GGM
02/14/11 CIMB DBS 14.8 17 Outperform PB1.45x, GGM
03/03/11 CIMB DBS 14.16 17 Outperform PB1.45x & GGM
03/08/11 CIMB DBS 14.34 17 Outperform PB1.45x & GGM
03/25/11 CIMB DBS 14.24 17 Outperform PB1.45x & GGM

03/07/11 Citigroup DBS 14.54 16.5 Buy

03/18/11 CLSA DBS 14.04 13.6 Underperform

02/07/11 DMG & Partners DBS 15.14 14.3 Neutral PB1.22x
02/14/11 DMG & Partners DBS 14.8 15 Neutral PB1.3x
03/02/11 DMG & Partners DBS 14.42 15 Neutral PB1.3x

02/11/11 JP Morgan DBS 14.82 24 Buy

02/11/11 Kim Eng DBS 14.82 0 Under Review
02/14/11 Kim Eng DBS 14.8 13.74 Hold GGM
03/08/11 Kim Eng DBS 14.34 13.75 Hold

02/11/11 Lim & Tan DBS 14.82 0 Buy

03/21/11 Morgan Stanley DBS 14 17 Overweight

02/11/11 OCBC DBS 14.82 16 Buy

02/14/11 phillip DBS 14.8 16.98 Buy PB1.4x
03/09/11 phillip DBS 14.54 16.98 Buy PB1.4x

Datapulse - Being an OEM manufacturer is not good enough!

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

03/09/11 Lim & Tan Datapulse 0.205 0 Neutral
03/23/11 Lim & Tan Datapulse 0.21 0 Neutral

Dairy Farm - Citigroup upgraded its call on this stock.

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

03/08/11 Citigroup Dairy Farm 8.21 7.5 Sell
03/11/11 Citigroup Dairy Farm 8.07 7.5 Hold

CWT - Analysts love this logistics company.

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

02/17/11 CIMB CWT 1.24 1.72 Outperform PER19x
02/25/11 CIMB CWT 1.2 1.72 Outperform PER19x

01/21/11 DMG & Partners CWT 1.16 1.45 Buy PER20.8x
02/25/11 DMG & Partners CWT 1.2 1.45 Buy PER20.8x

01/27/11 Kim Eng CWT 1.18 1.7 Buy Sum of parts
02/25/11 Kim Eng CWT 1.2 1.7 Buy

CSE Global - Mixed calls from analysts.

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

02/22/11 CIMB CSE Global 1.3 1.59 Outperform PER10x

02/22/11 DBS Vickers CSE Global 1.3 1.44 Hold PER12x

CSC - Buy call from DMG.

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

01/31/11 DMG & Partners CSC 0.16 0.235 Buy
02/02/11 DMG & Partners CSC 0.155 0.225 Buy PER12x
02/17/11 DMG & Partners CSC 0.15 0.225 Buy
03/10/11 DMG & Partners CSC 0.14 0.225 Buy

Creative Technology - Sell call by Lim & Tan due to declining revenue & profit.

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

01/27/11 Lim & Tan Creative Tech 4.03 0 Sell Declining revenue, profit & NAV

Cosco - CIMB was panicky about this ship builder.

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

02/16/11 CIMB Cosco 2.09 2.63 Outperform PER18x
02/23/11 CIMB Cosco 2.02 2.85 Outperform PER18x
03/01/11 CIMB Cosco 1.96 2.85 Outperform PER18x
03/02/11 CIMB Cosco 2.04 2.85 Outperform PER18x
03/10/11 CIMB Cosco 2 2.85 Outperform PER18x
03/16/11 CIMB Cosco 1.84 1.74 Trading Sell PER11x
03/28/11 CIMB Cosco 2.01 2.38 Neutral PER15x

01/19/11 DBS Vickers Cosco 2.33 3.03 Buy Sum of parts (PB5x & PER)
02/22/11 DBS Vickers Cosco 2.11 3.03 Buy
02/23/11 DBS Vickers Cosco 2.02 3.16 Buy Sum of parts
03/10/11 DBS Vickers Cosco 2 3.16 Buy Sum of parts
03/16/11 DBS Vickers Cosco 1.84 3.16 Buy Sum of parts
03/21/11 DBS Vickers Cosco 1.81 3.16 Buy
03/28/11 DBS Vickers Cosco 2.01 3.16 Buy Sum of parts

02/16/11 Kim Eng Cosco 2.09 2.43 Buy
02/23/11 Kim Eng Cosco 2.02 2.43 Buy PB4.8x
03/28/11 Kim Eng Cosco 2.01 2.43 Buy

01/13/11 Lim & Tan Cosco 2.01 0 Buy
03/28/11 Lim & Tan Cosco 2.01 0 Buy

01/21/11 phillip Cosco 2.33 2.68 Buy PB3.8x & PER20x
02/23/11 phillip Cosco 2.02 2.68 Buy PER20x

03/01/11 UOB Kay Hian Cosco 1.96 2.3 Buy
03/28/11 UOB Kay Hian Cosco 2.01 2.5 Buy

ConscienceFood - Downgraded heavily by 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
01/19/11 DBS Vickers ConscienceFood 0.315 0.39 Buy PER7x
02/22/11 DBS Vickers ConscienceFood 0.27 0.39 Buy
02/28/11 DBS Vickers ConscienceFood 0.255 0.26 Hold PER7x

01/28/11 DMG & Partners ConscienceFood 0.285 0.39 Buy PER7x
01/31/11 DMG & Partners ConscienceFood 0.285 0.39 Buy PER7x
03/02/11 DMG & Partners ConscienceFood 0.245 0.39 Buy PER7x

Baltic Dry Index (BDI) - 1585

Quote:

The index rose by 0.13 per cent or two points to 1,585 points on Friday.

End Quote.

Comfortdelgro - Buy calls from all analysts.

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

04/21/10 AmFraser Comfortdelgro 1.59 1.9 Buy
05/18/10 AmFraser Comfortdelgro 1.5 1.89 Buy
08/16/10 AmFraser Comfortdelgro 1.57 1.89 Buy

01/10/11 BNP Paribas Comfortdelgro 1.59 1.98 Buy

04/21/10 CIMB Comfortdelgro 1.59 1.73 Underperform DCF
05/17/10 CIMB Comfortdelgro 1.49 1.73 Underperform DCF (10% discount)
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
01/14/11 CIMB Comfortdelgro 1.63 1.9 Outperform DCF
02/15/11 CIMB Comfortdelgro 1.56 1.87 Outperform DCF

02/11/11 Credit Suisse Comfortdelgro 1.56 1.9 Outperform

05/17/10 DBS Vickers Comfortdelgro 1.49 1.64 Hold DCF, PER15x
08/17/10 DBS Vickers Comfortdelgro 1.55 1.65 Hold
11/15/10 DBS Vickers Comfortdelgro 1.46 1.79 Buy DCF & PER15x
02/22/11 DBS Vickers Comfortdelgro 1.55 1.95 Buy
03/11/11 DBS Vickers Comfortdelgro 1.55 1.86 Buy DCF & PER

04/01/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy
05/03/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy PER13x
05/14/10 DMG & Partners Comfortdelgro 1.49 1.78 Buy DCF
05/17/10 DMG & Partners Comfortdelgro 1.49 1.78 Buy DCF
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
01/12/11 DMG & Partners Comfortdelgro 1.62 1.85 Buy
01/13/11 DMG & Partners Comfortdelgro 1.63 1.85 Buy
01/18/11 DMG & Partners Comfortdelgro 1.63 1.85 Buy PER14x
01/19/11 DMG & Partners Comfortdelgro 1.63 1.85 Buy
01/25/11 DMG & Partners Comfortdelgro 1.62 1.87 Buy DCF
02/15/11 DMG & Partners Comfortdelgro 1.56 1.8 Buy DCF
02/25/11 DMG & Partners Comfortdelgro 1.52 1.8 Buy
03/09/11 DMG & Partners Comfortdelgro 1.54 1.8 Buy

01/25/11 JP Morgan Comfortdelgro 1.62 2 Overweight

04/21/10 Kim Eng Comfortdelgro 1.59 1.72 Hold
05/17/10 Kim Eng Comfortdelgro 1.49 1.87 Buy PER17x
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
01/25/11 Kim Eng Comfortdelgro 1.62 2.08 Buy
02/15/11 Kim Eng Comfortdelgro 1.56 1.95 Buy PER17x

12/10/10 Macquarie Comfortdelgro 1.54 2 Outperform

05/17/10 phillip Comfortdelgro 1.49 1.73 Buy DCF
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
02/15/11 phillip Comfortdelgro 1.56 1.81 Buy PER17.3x
03/24/11 phillip Comfortdelgro 1.51 2.01 Buy DCF & PER17x

Combine Will - Buy call from Phillip.

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

02/22/11 phillip Combine Will 0.315 0.5 Buy PER8.76x

CitySpring - Hold call by DBS Vickers.

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

02/15/11 DBS Vickers CitySpring 0.57 0.58 Hold DDM

City Developments - Downgraded by OCBC.

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

02/25/11 CIMB City Developments 10.92 11.58 Underperform RNAV (10% discount)

02/25/11 Credit Suisse City Developments 10.92 15.6 Outperform
02/25/11 Credit Suisse City Developments 10.92 15.6 Outperform RNAV

03/16/11 DBS Vickers City Developments 10.92 11.89 Hold

01/12/11 DMG & Partners City Developments 12.66 11.07 Neutral RNAV
02/24/11 DMG & Partners City Developments 10.7 11.07 Neutral
03/01/11 DMG & Partners City Developments 11.3 11.07 Neutral RNAV

02/25/11 HSBC City Developments 10.92 11.64 Neutral

02/09/11 Kim Eng City Developments 11.2 14.2 Buy RNAV (10% premium)
02/25/11 Kim Eng City Developments 10.92 14.6 Buy
02/25/11 Kim Eng City Developments 10.92 14.6 Buy RNAV (10% premium)
03/10/11 Kim Eng City Developments 11.24 14.6 Buy RNAV (10% premium)

02/24/11 Lim & Tan City Developments 10.7 0 Buy

02/09/11 OCBC City Developments 11.2 12.35 Under Review
02/24/11 OCBC City Developments 10.7 12.35 Hold RNAV
02/24/11 OCBC City Developments 10.7 12.35 Under Review RNAV
02/25/11 OCBC City Developments 10.92 11.89 Hold RNAV
03/23/11 OCBC City Developments 10.84 10.72 Hold RNAV (10% discount)