Dairy Farm - Hold call from Citigroup.

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

03/29/10 Citigroup Dairy Farm 6.53 6.7 Hold

Datapulse - A stock with no pulse?

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

03/03/10 Lim & Tan Datapulse 0.235 0 Sell

The bond market is forming a BIG bubble!

The governments around the world had been raising funds in the bond markets since the crisis started and this had resulted in low liquidities in the stock markets worldwide which stifled the recoveries of the stock markets.

Governments have raised more than $4 trillions dollars since the inception of the crisis and a BIG bubble is starting to form in the bond market.  Corporations around the world also tapped into the bond market after exhausting the tradition means of raising funds due to the financial crisis which made the banks reluctant to give loans.

When this burgeoning bubble bursts, many fixed income funds like pension funds will fall into the abyss and the men on the streets will suffer.  World demands will collapse and businesses will be greatly affected.  Stock markets around the world will tumble heavily causing great panic everywhere.

This scenario is not a remote possibility if we do not do the right thing.

Abterra - Danger lurking for small investors!

The announcement of 25-into-1 share consolidation on 30 June 2010 doesn't bode well for abterra shareholders as there seems to be an ulterior motive behind this corporate move.  Where else can you find a stock with a market capitalization of around $250m to have a share price that is around $1.25 on Singapore Stock Exchange?

Therefore, I expect a big fund raising exercise in any way in the foreseeable future as the only logical rationale for the reverse stock split.  Current shareholders will suffer from major share dilutions if there is indeed a fund raising movement if they are holding on the stock.

The explanation given by abterra was just a classical textbook excuse and should be disregarded as the stock will have more downside after stock consolidation as it seriously affects or twists the risk perception since it has more room to fall when it is above $1.

Abterra should just focus on its core competencies and not get involved in the capital market.  There is no better way to prop up the stock price than to improve on its profit.  By making the stock above $1 through stock consolidation will not attract fund managers to take notice of this stock but instead will attract speculators to play it.

When the management starts to alter the share price, it shows that they can't improve on its business anymore and try to work on other means.

Debao Property - A good developer?

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

07/02/10 UOB Kay Hian Debao Property 0.295 0.37 Buy RNAV (40% discount)

Delong - A lousy stock?

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

01/26/10 Lim & Tan Delong 0.655 0 Sell

FJ Benajmin - Is fashion a good pick?

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

02/17/10 DMG & Partners FJ Benjamin 0.255 0.46 Buy DCF
05/11/10 DMG & Partners FJ Benjamin 0.325 0.46 Buy

02/12/10 Kim Eng FJ Benjamin 0.255 0.42 Buy DCF
05/11/10 Kim Eng FJ Benjamin 0.325 0.45 Buy DCF
07/15/10 Kim Eng FJ Benjamin 0.325 0.66 Buy DCF

Fortune Reit - Is this stock worth a fortune?

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

01/27/10 DBS Vickers Fortune Reit 3.08 3.71 Buy DDM

Frasers Centrepoint Trust - Buy calls from all analysts!

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

01/26/10 CIMB Frasers Centrepoint Trust 1.4 1.73 Outperform DDM
03/25/10 CIMB Frasers Centrepoint Trust 1.36 1.73 Outperform
05/18/10 CIMB Frasers Centrepoint Trust 1.35 1.73 Outperform

01/04/10 DBS Vickers Frasers Centrepoint Trust 1.29 1.49 Buy
04/09/10 DBS Vickers Frasers Centrepoint Trust 1.32 1.63 Buy
04/15/10 DBS Vickers Frasers Centrepoint Trust 1.37 1.63 Buy
06/04/10 DBS Vickers Frasers Centrepoint Trust 1.29 1.63 Buy

01/07/10 DMG & Partners Frasers Centrepoint Trust 1.45 1.66 Buy DDM
04/26/10 DMG & Partners Frasers Centrepoint Trust 1.38 1.66 Buy DDM

01/04/10 OCBC Frasers Centrepoint Trust 1.4 1.3 Hold
01/26/10 OCBC Frasers Centrepoint Trust 1.4 1.47 Hold DCF
01/27/10 OCBC Frasers Centrepoint Trust 1.4 1.5 Buy
03/04/10 OCBC Frasers Centrepoint Trust 1.37 1.5 Buy
03/17/10 OCBC Frasers Centrepoint Trust 1.33 1.5 Buy
04/14/10 OCBC Frasers Centrepoint Trust 1.35 1.5 Buy
05/12/10 OCBC Frasers Centrepoint Trust 1.33 1.5 Buy
06/17/10 OCBC Frasers Centrepoint Trust 1.35 1.5 Buy
07/12/10 OCBC Frasers Centrepoint Trust 1.37 1.5 Buy

Frasers Commercial Trust - DBS vs Phillip? Who will win?

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

01/28/10 DBS Vickers Frasers Commercial Trust 0.15 0.14 Hold
04/23/10 DBS Vickers Frasers Commercial Trust 0.14 0.16 Hold

02/03/10 phillip Frasers Commercial Trust 0.15 0.18 Buy DCF
04/26/10 phillip Frasers Commercial Trust 0.155 0.18 Buy

Guocoland - Hold call from DBS Vickers

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

03/08/10 DBS Vickers Guocoland 2.22 2.09 Hold
04/23/10 DBS Vickers Guocoland 2.36 2.08 Hold
06/16/10 DBS Vickers Guocoland 2.12 2.08 Hold
07/16/10 DBS Vickers Guocoland 2.16 2.08 Hold

Healthway Medical - Only DMG covers this stock.

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

01/04/10 DMG & Partners Healthway Medical 0.16 0.28 Buy PER25x
01/28/10 DMG & Partners Healthway Medical 0.17 0.21 Buy DCF
03/08/10 DMG & Partners Healthway Medical 0.165 0.26 Buy DCF
03/17/10 DMG & Partners Healthway Medical 0.17 0.3 Buy
03/18/10 DMG & Partners Healthway Medical 0.17 0.3 Buy DCF
05/26/10 DMG & Partners Healthway 0.14 0.3 Buy

Heeton - A small-time property developer.

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

03/24/10 Westcomb Heeton 0.445 0.75 Buy RNAV (35% discount)

Hisaka - CIMB likes this stock!

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

05/04/10 CIMB Hisaka 0.28 0.35 Outperform PER6.7x

HL Finance - The only bright spot in the finance industry?

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

02/25/10 DMG & Partners HL Finance 2.98 3.5 Buy NTA1x
04/26/10 DMG & Partners HL Finance 3.16 3.5 Buy NTA1x

Hongguo - Not a good consumer stock?

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

01/04/10 DBS Vickers Hongguo 0.33 0.3 Hold

Hsu Fu Chi - Really so fu chi?

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

02/09/10 Lim & Tan Hsu Fu Chi 2.05 0 Buy

Kencana Agri - The stock that analysts loved!

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

02/01/10 DBS Vickers Kencana Agri 0.275 0.37 Buy DCF
03/02/10 DBS Vickers Kencana Agri 0.285 0.37 Buy DCF
05/13/10 DBS Vickers Kencana Agri 0.32 0.39 Buy DCF (40% discount)

04/07/10 DMG & Partners Kencana Agri 0.3 0.375 Buy PER20x

Baltic Dry Index - BDI falls again to 1902 points!

The index of freight rates on international trade routes fell 38 points, or 2 per cent, to 1,902 points on Friday, according to the London-based Baltic Exchange.

Innovalues - is there value in this counter?

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

02/26/10 CIMB Innovalues 0.15 0.2 Outperform PB1x
03/11/10 CIMB Innovalues 0.16 0.2 Outperform