Tiger Airways - Mixed calls from analysts.

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

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
03/10/11	CIMB	Tiger Airways	1.42	1.43	Underperform	PER7x
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
03/11/11	DBS Vickers	Tiger Airways	1.42	1.6	Hold	PER13x
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
03/10/11	DMG & Partners	Tiger Airways	1.42	1.65	Buy	PER12x
03/15/11	DMG & Partners	Tiger Airways	1.38	1.65	Buy	PER12x
03/30/11	DMG & Partners	Tiger Airways	1.44	1.65	Buy
04/12/11	DMG & Partners	Tiger Airways	1.49	1.65	Buy	PER12x
04/25/11	DMG & Partners	Tiger Airways	1.5	1.66	Buy
01/21/11	Macquarie	Tiger Airways	1.79	1.5	Underperform
03/16/11	Macquarie	Tiger Airways	1.37	1.45	Neutral
03/10/11	OCBC	Tiger Airways	1.42	1.43	Underperform	PER7x
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
04/12/11	phillip	Tiger Airways	1.49	1.64	Hold	DCF & PER
04/25/11	phillip	Tiger Airways	1.5	1.64	Hold
12/03/10	StanChart	Tiger Airways	1.84	2.5	Buy	EV/Ebitda 15x
04/15/11	UBS	Tiger Airways	1.51	1.5	Sell
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
04/15/11	UOB Kay Hian	Tiger Airways	1.51	1.32	Hold
04/26/11	UOB Kay Hian	Tiger Airways	1.5	1.32	Sell

Think Environment - Sell by DMG but Buy by SIAS.

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

Telechoice - Buy call from NRA.

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

03/04/11	NRA	Telechoice	0.26	0.29	Overweight
05/16/11	NRA	Telechoice	0.24	0.28	Overweight	PER8x

Tee International - Buy call from NRA.

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

Baltic Dry Index (BDI) - 1291

Quote:

The index fell 1.16 per cent, or 15 points, to 1,291 points. Traders said dry
freight rates continued to be under downward pressure as a large amount of
new vessels was entering the market.

End quote.

Technics Oil & Gas - Buy call from AmFraser.

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

04/29/11	AmFraser	Technics oil & gas	0.97	1.2	Buy
05/09/11	AmFraser	Technics oil & gas	0.97	1.22	Buy	PER11.74x