Straits Asia - Mixed calls by analysts.

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

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
03/18/11	DBS Vickers	Straits Asia	2.46	2.92	Buy	PB & PER
04/20/11	DBS Vickers	Straits Asia	2.56	2.92	Buy	Sum of parts
04/28/11	DBS Vickers	Straits Asia	2.78	3.44	Buy
05/09/11	DBS Vickers	Straits Asia	2.73	3.44	Buy
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
03/15/11	DMG & Partners	Straits Asia	2.41	2.49	Neutral
03/17/11	DMG & Partners	Straits Asia	2.49	2.49	Neutral
04/20/11	DMG & Partners	Straits Asia	2.54	2.49	Under Review
03/18/11	Goldman Sachs	Straits Asia	2.46	2	Sell
04/18/11	Goldman Sachs	Straits Asia	2.58	2	Sell
03/15/11	IIFL	Straits Asia	2.41	3.55	Buy
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
04/06/11	OCBC	Straits Asia	2.6	2.91	Buy

STATS - Sell call by Lim & Tan.

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

08/02/10	Lim & Tan	STATS	1.15	0	Buy
08/05/10	Lim & Tan	STATS	1.23	0	Buy
10/29/10	Lim & Tan	STATS	0.985	0	Sell
01/28/11	Lim & Tan	STATS	0.885	0	Sell
04/18/11	Lim & Tan	STATS	0.75	0	Sell
04/25/11	Lim & Tan	STATS	0.755	0	Sell
04/26/11	Lim & Tan	STATS	0.73	0	Sell

Starhub - Mixed calls from analysts.

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

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
05/05/11 DBS Vickers Starhub 2.8 2.9 Hold DCF

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
04/21/11 DMG & Partners Starhub 2.75 2.85 Neutral
05/05/11 DMG & Partners Starhub 2.8 2.85 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%
04/01/11 Kim Eng Starhub 2.7 3.08 Buy
05/05/11 Kim Eng Starhub 2.8 3.27 Buy 6% Target Yield

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%
09/02/10 OCBC Starhub 2.46 2.41 Buy
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 - Buy calls from analysts.

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

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
03/01/11 DBS Vickers Starhill 0.64 0.73 Buy
03/09/11 DBS Vickers Starhill 0.635 0.78 Buy
03/23/11 DBS Vickers Starhill 0.63 0.73 Buy
04/27/11 DBS Vickers Starhill 0.63 0.73 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
03/03/11 OCBC Starhill 0.625 0.74 Buy
03/15/11 OCBC Starhill 0.635 0.74 Buy
03/24/11 OCBC Starhill 0.615 0.69 Buy
03/25/11 OCBC Starhill 0.62 0.69 Buy
04/13/11 OCBC Starhill 0.63 0.7 Buy RNAV

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