Ezion - Buy calls from all analysts!

01/18/10 CIMB Ezion 0.83 1 Outperform PER10x
03/02/10 CIMB Ezion 0.75 0.93 Outperform PER10x
04/28/10 CIMB Ezion 0.74 0.98 Outperform PER12x
05/14/10 CIMB Ezion 0.71 0.98 Outperform
05/18/10 CIMB Ezion 0.71 0.98 Outperform
05/31/10 CIMB Ezion 0.61 0.98 Outperform
06/08/10 CIMB Ezion 0.6 0.98 Outperform
07/21/10 CIMB Ezion 0.71 0.99 Outperform PER12x
07/27/10 CIMB Ezion 0.71 0.97 Outperform PER12x
08/06/10 CIMB Ezion 0.68 0.97 Outperform
08/19/10 CIMB Ezion 0.64 0.98 Outperform

02/25/10 DBS Vickers Ezion 0.74 0.92 Buy PER12x
05/14/10 DBS Vickers Ezion 0.71 0.87 Buy PER12x
07/14/10 DBS Vickers Ezion 0.665 0.88 Buy PER12x
07/27/10 DBS Vickers Ezion 0.705 0.86 Buy PER12x
08/13/10 DBS Vickers Ezion 0.64 0.86 Buy PER12x
09/01/10 DBS Vickers Ezion 0.61 0.82 Buy PER12x

06/16/10 DMG & Partners Ezion 0.635 0.87 Buy PER14x
06/17/10 DMG & Partners Ezion 0.66 0.87 Buy
07/15/10 DMG & Partners Ezion 0.665 0.87 Buy PER14x
07/20/10 DMG & Partners Ezion 0.69 0.87 Buy
07/21/10 DMG & Partners Ezion 0.69 0.87 Buy PER14x
07/27/10 DMG & Partners Ezion 0.705 0.85 Buy PER14x
08/13/10 DMG & Partners Ezion 0.64 0.89 Buy PER14x

09/02/10 Dnb Nor Ezion 0.61 0.9 Buy

02/25/10 Kim Eng Ezion 0.74 0.99 Buy PER15x
03/02/10 Kim Eng Ezion 0.75 0.99 Buy
04/06/10 Kim Eng Ezion 0.785 0.99 Buy
04/28/10 Kim Eng Ezion 0.74 0.99 Buy
05/14/10 Kim Eng Ezion 0.71 0.99 Buy PEG0.25x
07/14/10 Kim Eng Ezion 0.665 0.99 Buy PEG0.25x
07/27/10 Kim Eng Ezion 0.705 0.99 Buy PEG0.25x
08/13/10 Kim Eng Ezion 0.64 0.99 Buy PEG0.25x

06/30/10 OCBC Ezion 0.625 0.81 Buy PER12x
07/08/10 OCBC Ezion 0.63 0.81 Buy
07/14/10 OCBC Ezion 0.665 0.81 Buy
07/15/10 OCBC Ezion 0.7 0.81 Buy
09/02/10 OCBC Ezion 0.61 0.79 Buy
09/13/10 OCBC Ezion 0.655 0.79 Buy

09/01/10 Pareto Ezion 0.61 0.85 Buy PER8.3x

Epure - Well-loved by analysts!

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

02/04/10 CIMB Epure 0.9 1.28 Outperform PER20x
03/01/10 CIMB Epure 0.81 1.33 Outperform PER20x

01/04/10 DBS Vickers Epure 0.69 0.71 Buy
01/07/10 DBS Vickers Epure 0.825 1.1 Buy PER29x
01/08/10 DBS Vickers Epure 0.825 1.1 Buy
02/02/10 DBS Vickers Epure 0.905 1.2 Buy PER26x

02/08/10 phillip Epure 0.83 1.08 Buy DCF
03/04/10 phillip Epure 0.86 1.1 Buy DCF

Elec & Eltek - Time to invest in electronics sector?

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

02/26/10 CIMB Elec & Eltek 1.87 2.85 Outperform PER8x
03/11/10 CIMB Elec & Eltek 2.2 2.85 Outperform
04/29/10 CIMB Elec & Eltek 2.22 3.48 Outperform PER8x
05/03/10 CIMB Elec & Eltek 2.39 3.48 Outperform PER8x
05/18/10 CIMB Elec & Eltek 2.35 3.48 Outperform
07/23/10 CIMB Elec & Eltek 2.53 3.48 Outperform PER8x
07/29/10 CIMB Elec & Eltek 2.77 4.04 Outperform PER8x
08/03/10 CIMB Elec & Eltek 2.97 4.04 Outperform PER8x
09/16/10 CIMB Elec & Eltek 2.67 4.04 Outperform PER8x

02/26/10 Lim & Tan Elec & Eltek 1.87 0 Buy
04/29/10 Lim & Tan Elec & Eltek 2.22 0 Buy
07/29/10 Lim & Tan Elec & Eltek 2.77 0 Buy

Baltic Dry Index (BDI) - 2676 on 17/09/2010

Baltic Dry Index had fallen to 2676 on Friday, 17/09/2010.

Design Studio - The more MICEs, the better!

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

02/25/10 Kim Eng Design Studio 0.635 1 Buy PER7.5x
03/15/10 Kim Eng Design Studio 0.605 1 Buy PER7.5x
06/17/10 Kim Eng Design Studio 0.475 0.9 Buy PER7.5x
07/01/10 Kim Eng Design Studio 0.565 0.9 Buy PER7.5x

Debao Property - A good china 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)

DBS - How is this bank stock performing?

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

02/05/10 CIMB DBS 14.2 16.28 Neutral PB1.4x
02/08/10 CIMB DBS 14.04 14.88 Underperform PB1.3x
04/30/10 CIMB DBS 15.3 14.88 Underperform
05/06/10 CIMB DBS 14.64 14.88 Underperform
05/18/10 CIMB DBS 14.36 14.88 Underperform
06/03/10 CIMB DBS 13.52 13.97 Underperform PB1.23x
07/30/10 CIMB DBS 14.5 13.97 Underperform PB1.23x
08/02/10 CIMB DBS 14.4 14.03 Underperform PB1.28x
08/05/10 CIMB DBS 14.5 14.03 Underperform PB1.28x

01/27/10 DMG & Partners DBS 14.7 14 Neutral BV1.3x
02/05/10 DMG & Partners DBS 14.2 14 Neutral
03/31/10 DMG & Partners DBS 14.56 14 Neutral
04/30/10 DMG & Partners DBS 15.3 14 Neutral PB1.3x
05/07/10 DMG & Partners DBS 14.36 13.6 Neutral PB1.25x
05/10/10 DMG & Partners DBS 14.36 13.6 Neutral PB1.25x
05/11/10 DMG & Partners DBS 14.36 13.6 Neutral PB1.25x
06/01/10 DMG & Partners DBS 13.78 13.6 Neutral
07/15/10 DMG & Partners DBS 14.78 13.6 Neutral
07/30/10 DMG & Partners DBS 14.5 13.6 Neutral
08/02/10 DMG & Partners DBS 14.4 13.4 Neutral PB1.25x
08/05/10 DMG & Partners DBS 14.4 13.4 Neutral PB1.25x

02/08/10 Kim Eng DBS 14.04 17.4 Buy PB1.5x
03/08/10 Kim Eng DBS 14.06 17.4 Buy PB1.5x
05/10/10 Kim Eng DBS 14.36 17.8 Buy PB1.58x
08/02/10 Kim Eng DBS 14.4 17.4 Buy PB1.58x

06/07/10 Lim & Tan DBS 13.78 0 Buy
07/30/10 Lim & Tan DBS 14.5 0 Buy

02/02/10 OCBC DBS 14.16 16.6 Buy PB1.5x
02/08/10 OCBC DBS 14.04 16.6 Buy
05/10/10 OCBC DBS 14.36 16.6 Buy
09/02/10 OCBC DBS 13.88 16 Buy

01/19/10 phillip DBS 15.14 14.55 Hold NAV1.31x
02/08/10 phillip DBS 14.04 14.55 Hold NAV1.32x, Gordon Growth Model
05/03/10 phillip DBS 15.3 14.55 Hold Gordon Growth Model
05/10/10 phillip DBS 14.36 14.55 Hold Gordon Growth Model
08/02/10 phillip DBS 14.4 14.55 Hold

Datapulse - Lim & Tan upgraded this stock.

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

03/03/10 Lim & Tan Datapulse 0.235 0 Sell
09/13/10 Lim & Tan Datapulse 0.215 0 Neutral

Dapai - CIMB had ceased coverage on this stock

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

08/13/10 CIMB Dapai 0.23 0.36 Outperform PER5x, Cease coverage

Baltic Dry Index - 2940!

Quote:

The index dropped 1.2 per cent, the most since Aug 26, to 2,940 points, according to the Baltic Exchange in London.

End Quote

Dairy Farm - Hold call by citigroup

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

03/29/10 Citigroup Dairy Farm 6.53 6.7 Hold

CWT - A good warehousing & logistical stock to invest in?

04/13/10 CIMB CWT 1.09 1 Underperform PER14x
05/07/10 CIMB CWT 0.9 1.03 Neutral PER14x
05/18/10 CIMB CWT 0.96 1.03 Neutral
06/11/10 CIMB CWT 0.88 1.03 Outperform PER14x
08/06/10 CIMB CWT 1.01 1.03 Neutral PER14x

01/28/10 DMG & Partners CWT 0.875 1.19 Buy PER16.6x
03/19/10 DMG & Partners CWT 1.04 1.19 Buy
05/10/10 DMG & Partners CWT 0.87 1.1 Buy PER18.1x
07/20/10 DMG & Partners CWT 0.91 1.1 Buy PER18x
08/06/10 DMG & Partners CWT 1.01 1.16 Buy PER16.6x

01/26/10 Kim Eng CWT 0.895 1.08 Buy PER15x
02/02/10 Kim Eng CWT 0.93 1.23 Buy
02/26/10 Kim Eng CWT 0.9 1.32 Buy PER18x
03/25/10 Kim Eng CWT 1.07 1.3 Buy
05/07/10 Kim Eng CWT 0.895 1.25 Buy PER18x
08/06/10 Kim Eng CWT 1.01 1.4 Buy Sum of parts
09/06/10 Kim Eng CWT 0.91 1.34 Buy

CSE Global - Buy calls from CIMB & DBS Vickers

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

01/07/10 CIMB CSE Global 0.96 1.37 Outperform PER11x
02/26/10 CIMB CSE Global 0.88 1.37 Outperform PER11x
03/25/10 CIMB CSE Global 0.97 1.42 Outperform PER11x
04/05/10 CIMB CSE Global 1.02 1.42 Outperform PER11x
04/08/10 CIMB CSE Global 1.16 1.55 Outperform PER12x
04/15/10 CIMB CSE Global 1.19 1.55 Outperform PER12x
05/10/10 CIMB CSE Global 0.95 1.55 Outperform PER12x
05/14/10 CIMB CSE Global 1.01 1.55 Outperform
05/18/10 CIMB CSE Global 0.98 1.55 Outperform
05/18/10 CIMB CSE Global 1 1.55 Outperform
05/31/10 CIMB CSE Global 0.865 1.55 Outperform PER12x
08/12/10 CIMB CSE Global 0.94 1.55 Outperform PER12x

01/04/10 DBS Vickers CSE Global 0.85 1.18 Buy
02/26/10 DBS Vickers CSE Global 0.88 1.18 Buy PER12.5x
03/25/10 DBS Vickers CSE Global 0.97 1.25 Buy PER11x
05/11/10 DBS Vickers CSE Global 0.98 1.27 Buy PER12x
08/12/10 DBS Vickers CSE Global 0.935 1.27 Buy PER12x

CSC - DMG supports this stock!

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

02/09/10 DMG & Partners CSC 0.16 0.29 Buy PER12x
04/07/10 DMG & Partners CSC 0.165 0.29 Buy
04/19/10 DMG & Partners CSC 0.175 0.29 Buy PER12x
05/24/10 DMG & Partners CSC 0.155 0.265 Buy PER12x
06/17/10 DMG & Partners CSC 0.16 0.265 Buy
07/01/10 DMG & Partners CSC 0.155 0.265 Buy
08/12/10 DMG & Partners CSC 0.16 0.265 Buy PER12x

Creative Tech - Not creative anymore?

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

02/04/10 DBS Vickers Creative Tech 5.93 5.46 Hold PB1x
08/10/10 DBS Vickers Creative Tech 4.01 3.51 Fully Valued PB0.8x

05/06/10 Lim & Tan Creative Tech 5.03 0 Sell

Cosco - Not as promising as before?

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

02/23/10 AmFraser Cosco 1.28 1.17 Hold PER17x
03/08/10 AmFraser Cosco 1.21 1.17 Hold PER17x

02/23/10 CIMB Cosco 1.28 0.67 Underperform Sum of parts
03/15/10 CIMB Cosco 1.23 0.87 Underperform Sum of parts
06/03/10 CIMB Cosco 1.33 1.41 Underperform Sum of parts
06/16/10 CIMB Cosco 1.45 1.24 Underperform Sum of parts
07/23/10 CIMB Cosco 1.61 1.24 Underperform Sum of parts
08/03/10 CIMB Cosco 1.68 1.41 Underperform

01/08/10 DBS Vickers Cosco 1.26 0.78 Fully Valued
02/23/10 DBS Vickers Cosco 1.28 1 Fully Valued Sum of parts
04/07/10 DBS Vickers Cosco 1.35 1.6 Buy Sum of parts
04/13/10 DBS Vickers Cosco 1.65 1.8 Buy Sum of parts
04/16/10 DBS Vickers Cosco 1.75 1.8 Buy
05/07/10 DBS Vickers Cosco 1.56 1.8 Buy Sum of parts
06/16/10 DBS Vickers Cosco 1.45 1.8 Buy Sum of parts
06/18/10 DBS Vickers Cosco 1.5 1.8 Buy Sum of parts
07/23/10 DBS Vickers Cosco 1.61 1.8 Buy Sum of parts
08/02/10 DBS Vickers Cosco 1.64 1.8 Buy
08/03/10 DBS Vickers Cosco 1.68 1.88 Buy Sum of parts

02/23/10 Kim Eng Cosco 1.28 0.81 Sell PB1.7x
03/16/10 Kim Eng Cosco 1.25 0.81 Sell
04/20/10 Kim Eng Cosco 1.79 1.17 Sell PB2.4x
04/21/10 Kim Eng Cosco 1.79 1.17 Sell PB2.5x
06/16/10 Kim Eng Cosco 1.45 1.44 Hold PB3x
07/06/10 Kim Eng Cosco 1.45 1.44 Hold BV3x
07/23/10 Kim Eng Cosco 1.61 2.1 Buy BV4.2x
08/03/10 Kim Eng Cosco 1.68 2.1 Buy PB4.2x
08/05/10 Kim Eng Cosco 1.63 2.1 Buy

02/23/10 phillip Cosco 1.28 1.03 Sell BV2.01x
03/16/10 phillip Cosco 1.25 1.45 Buy PB2.8x
05/07/10 phillip Cosco 1.56 1.86 Buy BV3.6x
07/01/10 phillip Cosco 1.49 1.65 Hold BV3.2x
08/03/10 phillip Cosco 1.68 1.65 Hold

A perfect storm is brewing in Europe!

A country is on the verge of bankrupt in Europe in the near future. Why?

When a country is having a recession, colossal debts, very high unemployment (around 20%) and draconian austerity measures, the only ensuing outcome would be a total collapse as all these factors are a perfect recipe for bankruptcy.

Any economist would know that austerity measures are only meant for overheating economies, not for those in recession and especially for country with high unemployment.  Having austerity measures will mean that the country doesn't encourage investments and business expansions which in turn will not reduce high unemployment rate.  More businesses are expected to close down and unemployment rate will spiral up which will engender into a vicious cycle.  Under these conditions, there will be more protests in the country.

When this country collapses, the banking industry will suffer a direct blow which will cause people to lose faith in banks and/or financial instruments. All these will cause another financial crisis to resurface and some banks will go bankrupt too.  Maybe more than 1 country in Europe will turn belly up when this happens.

I am not here to talk down on the market but I leave it to the smart investors like you to ponder on what I have said so far.  Just remember "Caveat Emptor"!

Contel - Sell at all cost as it is insolvent!

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

06/17/10 Lim & Tan Contel 0.01 0 Sell Insolvent

Comfortdelgro - A good defensive stock?

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

01/27/10 AmFraser Comfortdelgro 1.61 1.89 Buy
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

02/11/10 CIMB Comfortdelgro 1.57 1.73 Underperform DCF (10% discount)
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

05/17/10 DBS Vickers Comfortdelgro 1.49 1.64 Hold DCF, PER15x
08/17/10 DBS Vickers Comfortdelgro 1.55 1.65 Hold

02/10/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy DCF, PER16.5x
02/11/10 DMG & Partners Comfortdelgro 1.57 1.78 Neutral DCF, PER16.5x
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

02/11/10 Kim Eng Comfortdelgro 1.57 1.72 Hold
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

03/18/10 phillip Comfortdelgro 1.58 1.68 Hold
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

CitySpring - Is Spring coming?

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

02/17/10 DBS Vickers CitySpring 0.62 0.62 Hold DDM
05/25/10 DBS Vickers CitySpring 0.595 0.67 Buy DDM

02/17/10 Kim Eng CitySpring 0.615 0.69 Buy

01/05/10 OCBC CitySpring 0.595 0.68 Buy DDM
02/12/10 OCBC CitySpring 0.61 0.68 Buy DDM
05/25/10 OCBC CitySpring 0.595 0.6 Hold DDM
06/24/10 OCBC CitySpring 0.595 0.6 Hold DDM