ST Engineering - This company covers businesses from the air, sea & land!

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

02/19/10 CIMB ST Engineering 3.19 2.98 Underperform PER20.1x
04/01/10 CIMB ST Engineering 3.19 3.62 Outperform PER18.5x
05/05/10 CIMB ST Engineering 3.13 3.62 Outperform Blended (PER, DCF, Div Yield)
05/18/10 CIMB ST Engineering 3.22 3.62 Outperform
08/04/10 CIMB ST Engineering 3.26 3.62 Outperform
11/10/10 CIMB ST Engineering 3.47 3.88 Outperform DCF & PER

01/06/10 DBS Vickers ST Engineering 3.27 3.8 Buy PER23x
01/18/10 DBS Vickers ST Engineering 3.22 3.8 Buy
02/19/10 DBS Vickers ST Engineering 3.19 3.6 Buy
05/05/10 DBS Vickers ST Engineering 3.13 3.55 Buy
08/04/10 DBS Vickers ST Engineering 3.26 3.55 Buy
08/20/10 DBS Vickers ST Engineering 3.15 3.55 Buy
11/10/10 DBS Vickers ST Engineering 3.47 3.85 Buy Sum of parts

05/05/10 DMG & Partners ST Engineering 3.13 3.15 Hold PER19.9x

02/19/10 Kim Eng ST Engineering 3.19 3.15 Hold PER19x
04/01/10 Kim Eng ST Engineering 3.19 3.15 Hold PER19.3x
04/09/10 Kim Eng ST Engineering 3.28 3.15 Hold PER15x
08/04/10 Kim Eng ST Engineering 3.26 3.15 Hold PER20x
09/30/10 Kim Eng ST Engineering 3.37 3.15 Hold
11/10/10 Kim Eng ST Engineering 3.47 3.15 Hold

08/04/10 Macquarie ST Engineering 3.26 3.8 Outperform

09/20/10 OCBC ST Engineering 3.32 3.66 Buy PER20x
11/09/10 OCBC ST Engineering 3.4 3.66 Buy

07/15/10 phillip ST Engineering 3.28 3.64 Buy FCFE Model
08/04/10 phillip ST Engineering 3.26 3.64 Buy
09/21/10 phillip ST Engineering 3.29 3.69 Buy FCFE Model
11/10/10 phillip ST Engineering 3.47 3.88 Buy

SPH - Is monopoly really good for this stock?

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

03/15/10 CIMB SPH 3.8 4.5 Outperform Sum of parts
04/14/10 CIMB SPH 3.93 4.5 Outperform Sum of parts
05/18/10 CIMB SPH 3.84 4.5 Outperform
06/02/10 CIMB SPH 3.69 4.43 Outperform Sum of parts
07/13/10 CIMB SPH 3.93 4.47 Outperform Sum of parts
09/03/10 CIMB SPH 4.15 4.47 Outperform Sum of parts
10/13/10 CIMB SPH 4.22 4.51 Neutral Sum of parts

01/14/10 DBS Vickers SPH 3.82 4.33 Buy Div Yield 6.8%
01/14/10 DBS Vickers SPH 3.66 4.33 Buy Sum of parts
02/23/10 DBS Vickers SPH 3.73 4.33 Buy
03/05/10 DBS Vickers SPH 3.77 4.32 Buy Sum of parts
03/08/10 DBS Vickers SPH 3.8 4.32 Buy
04/14/10 DBS Vickers SPH 3.93 4.32 Buy
04/15/10 DBS Vickers SPH 3.97 4.42 Buy Sum of parts
05/27/10 DBS Vickers SPH 3.73 4.42 Buy Sum of parts
06/04/10 DBS Vickers SPH 3.79 4.42 Buy
07/13/10 DBS Vickers SPH 3.93 4.42 Buy Sum of parts
08/23/10 DBS Vickers SPH 3.98 4.42 Buy
09/08/10 DBS Vickers SPH 4.18 4.52 Buy Sum of parts
10/13/10 DBS Vickers SPH 4.22 4.37 Hold Sum of parts

04/14/10 DMG & Partners SPH 3.93 3.95 Neutral Sum of parts
07/13/10 DMG & Partners SPH 3.93 4.31 Neutral Sum of parts
10/13/10 DMG & Partners SPH 4.22 4.11 Neutral

01/14/10 Kim Eng SPH 3.66 4.47 Buy
04/14/10 Kim Eng SPH 3.93 4.61 Buy
07/13/10 Kim Eng SPH 3.93 4.62 Buy Sum of parts
09/07/10 Kim Eng SPH 4.17 4.62 Buy Sum of parts
10/13/10 Kim Eng SPH 4.22 4.7 Buy Sum of parts

01/14/10 Lim & Tan SPH 3.66 0 Buy Div Yield 6.8%
07/13/10 Lim & Tan SPH 3.93 0 Buy
09/03/10 Lim & Tan SPH 4.15 0 Buy
10/04/10 Lim & Tan SPH 4.24 0 Buy
10/13/10 Lim & Tan SPH 4.22 0 Buy Div Yield 6.4%

04/14/10 OCBC SPH 3.97 4.31 Buy Sum of parts
07/13/10 OCBC SPH 3.93 4.63 Buy Sum of parts
09/02/10 OCBC SPH 4.08 4.63 Buy

10/14/10 UOB Kay Hian SPH 4.25 4.35 Hold

Sound Global - Citigroup hated this stock!

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

04/09/10 CIMB Sound Global 0.99 1.33 Outperform PER20x
04/30/10 CIMB Sound Global 0.91 1.33 Outperform
05/17/10 CIMB Sound Global 0.81 1.33 Outperform PER20x
08/10/10 CIMB Sound Global 0.78 1.08 Outperform PER14x
08/11/10 CIMB Sound Global 0.765 1.08 Outperform PER14x

07/07/10 Citigroup Sound Global 0.75 0.7 Sell PER13x

08/11/10 DBS Vickers Sound Global 0.765 0.84 Hold PER12x
08/26/10 DBS Vickers Sound Global 0.72 0.84 Hold
09/29/10 DBS Vickers Sound Global 0.81 0.96 Buy PER13.2x
11/15/10 DBS Vickers Sound Global 0.87 0.94 Hold PER14.3x

05/18/10 DMG & Partners Sound Global 0.81 1.04 Buy PER16x
05/24/10 DMG & Partners Sound Global 0.83 1.04 Buy PER16x
05/31/10 DMG & Partners Sound Global 0.78 1.04 Buy
06/11/10 DMG & Partners Sound Global 0.85 1.04 Buy
08/11/10 DMG & Partners Sound Global 0.765 0.93 Buy PER14x
11/16/10 DMG & Partners Sound Global 0.84 1.05 Buy PER14x

05/17/10 phillip Sound Global 0.81 1.1 Buy DCF
06/29/10 phillip Sound Global 0.78 1.1 Buy DCF
07/06/10 phillip Sound Global 0.77 1.04 Buy
08/11/10 phillip Sound Global 0.77 1.06 Buy DCF
09/06/10 phillip Sound Global 0.71 0.82 Hold DCF
11/16/10 phillip Sound Global 0.84 0.82 Hold DCF

Soilbuild - Accept the offer!

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

02/01/10 OCBC Soilbuild 0.97 1.33 Buy
02/11/10 OCBC Soilbuild 1.05 1.75 Buy RNAV
03/03/10 OCBC Soilbuild 1.16 1.75 Buy
04/05/10 OCBC Soilbuild 1.47 1.75 Buy
04/15/10 OCBC Soilbuild 1.49 1.81 Buy RNAV
05/14/10 OCBC Soilbuild 1.3 1.76 Buy RNAV
06/03/10 OCBC Soilbuild 0.62 0.88 Buy RNAV
06/07/10 OCBC Soilbuild 0.65 0.88 Buy RNAV
06/16/10 OCBC Soilbuild 0.64 0.88 Buy
07/05/10 OCBC Soilbuild 0.59 0.88 Buy
07/16/10 OCBC Soilbuild 0.615 0.88 Buy
08/13/10 OCBC Soilbuild 0.62 1.76 Under Review RNAV
09/22/10 OCBC Soilbuild 0.705 0.8 Accept Offer
10/11/10 OCBC Soilbuild 0.795 0 Accept Offer
11/02/10 OCBC Soilbuild 0.79 0 Accept Offer

SMRT - A lousy transports operator?

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

01/27/10 AmFraser SMRT 1.86 2.03 Buy
01/28/10 AmFraser SMRT 1.89 2.19 Buy
04/08/10 AmFraser SMRT 2.13 2.19 Hold
04/21/10 AmFraser SMRT 2.19 2.19 Hold
05/03/10 AmFraser SMRT 2.16 1.99 Hold
08/03/10 AmFraser SMRT 2.1 1.99 Hold

01/28/10 CIMB SMRT 1.89 2.26 Outperform DCF
04/21/10 CIMB SMRT 2.19 2.41 Outperform DCF
05/03/10 CIMB SMRT 2.28 2.35 Neutral DCF
05/18/10 CIMB SMRT 2.11 2.35 Neutral
08/02/10 CIMB SMRT 2.22 2.31 Buy DCF
09/17/10 CIMB SMRT 2.09 1.95 Underperform DCF

04/30/10 Citigroup SMRT 2.15 1.9 Sell PER16.4x, PB3.5x
07/30/10 Citigroup SMRT 2.1 1.9 Sell

01/05/10 DBS Vickers SMRT 1.91 2.08 Buy
01/28/10 DBS Vickers SMRT 1.89 2.08 Buy DCF, PER15x
02/23/10 DBS Vickers SMRT 1.94 2.08 Buy
05/03/10 DBS Vickers SMRT 2.28 2 Fully Valued DCF, PER15x
08/02/10 DBS Vickers SMRT 2.22 1.88 Fully Valued DCF & PER15x
08/17/10 DBS Vickers SMRT 2.1 1.88 Fully Valued
11/01/10 DBS Vickers SMRT 2.05 1.88 Fully Valued PER15x & DCF
01/28/10 DMG & Partners SMRT 1.89 2 Buy DCF, PER16.5x
04/05/10 DMG & Partners SMRT 2.05 2 Buy DCF
04/30/10 DMG & Partners SMRT 2.28 2 Neutral
05/03/10 DMG & Partners SMRT 2.28 2 Neutral PER21x
05/17/10 DMG & Partners SMRT 2.11 2 Sell
06/07/10 DMG & Partners SMRT 2.14 2 Sell
06/21/10 DMG & Partners SMRT 2.22 2 Sell
08/02/10 DMG & Partners SMRT 2.22 2 Sell PER20x
08/17/10 DMG & Partners SMRT 2.1 2 Sell
09/03/10 DMG & Partners SMRT 2.06 2 Sell
10/21/10 DMG & Partners SMRT 2.04 2.08 Neutral

03/16/10 Kim Eng SMRT 1.99 0 Buy
04/13/10 Kim Eng SMRT 2.13 2.22 Buy PER20x
04/21/10 Kim Eng SMRT 2.19 2.47 Buy
08/02/10 Kim Eng SMRT 2.22 1.57 Sell PER17x
09/28/10 Kim Eng SMRT 2.07 1.71 Sell
11/01/10 Kim Eng SMRT 2.05 1.71 Sell

01/28/10 Lim & Tan SMRT 1.89 0 Buy
04/21/10 Lim & Tan SMRT 2.19 0 Buy
08/02/10 Lim & Tan SMRT 2.22 2 Buy Buy when hit $2, Div Yield 4.4%
08/10/10 Lim & Tan SMRT 2.04 0 Buy

03/08/10 OCBC SMRT 1.96 2.05 Buy DDM
04/07/10 OCBC SMRT 2.09 2.22 Buy DDM, PER19x
05/27/10 OCBC SMRT 2.11 2.33 Buy
08/02/10 OCBC SMRT 2.22 2.16 Hold DDM
10/18/10 OCBC SMRT 2.06 2.16 Hold

03/18/10 phillip SMRT 2.01 2.19 Buy
04/28/10 phillip SMRT 2.24 2.42 Hold DCF
05/03/10 phillip SMRT 2.28 2.36 Hold DCF
05/21/10 phillip SMRT 2.1 2.36 Hold
07/20/10 phillip SMRT 2.3 2.36 Hold
08/02/10 phillip SMRT 2.22 2.18 Hold
10/25/10 phillip SMRT 2.06 2.18 Hold PER19.6x
11/01/10 phillip SMRT 2.05 2.18 Hold

Sinotel - Hold calls by analysts!

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

03/02/10 AmFraser Sinotel 0.505 0.89 Accumulate PER8.9x
05/03/10 AmFraser Sinotel 0.455 0.53 Hold

01/22/10 DBS Vickers Sinotel 0.625 0.8 Buy PER8.5x
04/14/10 DBS Vickers Sinotel 0.56 0.61 Hold PER7x

05/05/10 DMG & Partners Sinotel 0.44 0.49 Neutral PER6.5x

Sinomem - Buy call from CIMB

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

03/02/10 CIMB Sinomem 0.51 1.2 Outperform Sum of parts
04/14/10 CIMB Sinomem 0.61 1.2 Outperform Sum of parts
05/17/10 CIMB Sinomem 0.53 1.2 Outperform Sum of parts
08/16/10 CIMB Sinomem 0.485 1.2 Outperform Sum of parts

Sino Grandness Food - Everyone likes this!

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

10/26/10 AmFraser Sino Grandness Food 0.415 0.58 Buy PER7.5x
11/03/10 AmFraser Sino Grandness Food 0.42 0.63 Buy PER7.5x

06/29/10 DMG & Partners Sino Grandness Food 0.285 0.4 Buy
07/16/10 DMG & Partners Sino Grandness Food 0.33 0.4 Buy
08/10/10 DMG & Partners Sino Grandness Food 0.355 0.4 Buy
08/16/10 DMG & Partners Sino Grandness Food 0.345 0.5 Buy PER6x
08/17/10 DMG & Partners Sino Grandness Food 0.345 0.5 Buy Sum of parts
08/23/10 DMG & Partners Sino Grandness Food 0.36 0.5 Buy
09/13/10 DMG & Partners Sino Grandness Food 0.355 0.5 Buy
10/06/10 DMG & Partners Sino Grandness Food 0.37 0.46 Buy
10/22/10 DMG & Partners Sino Grandness Food 0.38 0.5 Buy
11/03/10 DMG & Partners Sino Grandness Food 0.42 0.56 Buy PER6x

10/04/10 Lim & Tan Sino Grandness Food 0.37 0 Buy
10/06/10 Lim & Tan Sino Grandness Food 0.37 0 Buy
10/07/10 Lim & Tan Sino Grandness Food 0.415 0 Buy

07/09/10 phillip Sino Grandness Food 0.31 0.53 Buy PER7x
08/10/10 phillip Sino Grandness Food 0.355 0.58 Buy PER7x
08/16/10 phillip Sino Grandness Food 0.345 0.58 Buy
10/07/10 phillip Sino Grandness Food 0.415 0.57 Buy PER7x
10/27/10 phillip Sino Grandness Food 0.415 0.57 Buy

Singtel - No longer the best telecom?

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

02/02/10 AmFraser Singtel 3.01 3.05 Hold
02/09/10 AmFraser Singtel 3.01 3.05 Hold
02/18/10 AmFraser Singtel 3 3.05 Hold
05/10/10 AmFraser Singtel 2.98 3.05 Hold
05/14/10 AmFraser Singtel 2.97 3.04 Hold
08/13/10 AmFraser Singtel 2.99 2.82 Hold

01/25/10 CIMB Singtel 3.01 3.3 Underperform Sum of parts
02/04/10 CIMB Singtel 2.99 3.3 Underperform Sum of parts
02/09/10 CIMB Singtel 2.95 3.3 Underperform Sum of parts
02/10/10 CIMB Singtel 3.03 3.3 Underperform Sum of parts
03/05/10 CIMB Singtel 3.05 3.3 Underperform
04/05/10 CIMB Singtel 3.19 3.3 Underperform Sum of parts
04/05/10 CIMB Singtel 3.2 3.3 Underperform Sum of parts
04/15/10 CIMB Singtel 3.15 3.3 Underperform
04/22/10 CIMB Singtel 3.12 3.3 Neutral Sum of parts
04/29/10 CIMB Singtel 3.01 3.3 Underperform Sum of parts
05/12/10 CIMB Singtel 2.98 3.3 Underperform
05/14/10 CIMB Singtel 2.97 3 Underperform Sum of parts
05/18/10 CIMB Singtel 2.96 3 Underperform
05/19/10 CIMB Singtel 2.97 3 Underperform
06/21/10 CIMB Singtel 3.1 3 Underperform Sum of parts
06/25/10 CIMB Singtel 3.04 3 Underperform Sum of parts
08/12/10 CIMB Singtel 3.06 3 Underperform Sum of parts
08/30/10 CIMB Singtel 3 3.09 Underperform Sum of parts
09/07/10 CIMB Singtel 3.11 3.09 Underperform Sum of parts
09/13/10 CIMB Singtel 3.08 3.09 Underperform
09/23/10 CIMB Singtel 3.13 3.09 Underperform Sum of parts
10/18/10 CIMB Singtel 3.07 3.09 Underperform Sum of parts
11/09/10 CIMB Singtel 3.28 3.09 Underperform Sum of parts
11/11/10 CIMB Singtel 3.25 3.09 Underperform Sum of parts
11/12/10 CIMB Singtel 3.31 3.29 Underperform Sum of parts

09/17/10 Credit Suisse Singtel 3.09 3.84 Outperform

01/25/10 DBS Vickers Singtel 3.01 3.15 Hold Sum of parts
02/01/10 DBS Vickers Singtel 3.01 3.5 Buy Sum of parts
02/09/10 DBS Vickers Singtel 2.95 3.5 Buy
02/23/10 DBS Vickers Singtel 3.02 3.5 Buy
03/15/10 DBS Vickers Singtel 3.12 3.5 Buy
05/05/10 DBS Vickers Singtel 2.96 3.4 Buy PER12x
05/13/10 DBS Vickers Singtel 3 3.4 Buy Sum of parts
07/12/10 DBS Vickers Singtel 3.12 3.45 Buy Sum of parts
07/15/10 DBS Vickers Singtel 3.15 3.45 Buy
07/30/10 DBS Vickers Singtel 3.11 3.45 Buy
08/18/10 DBS Vickers Singtel 2.95 3.45 Buy
09/01/10 DBS Vickers Singtel 3.08 3.45 Buy
09/07/10 DBS Vickers Singtel 3.11 3.45 Buy PER12.1x

02/10/10 DMG & Partners Singtel 3.02 2.98 Neutral Sum of parts
04/28/10 DMG & Partners Singtel 3.09 2.98 Neutral
05/10/10 DMG & Partners Singtel 2.98 2.98 Neutral
05/17/10 DMG & Partners Singtel 2.97 3.01 Neutral
06/09/10 DMG & Partners Singtel 2.88 3.01 Neutral
06/11/10 DMG & Partners Singtel 2.95 3.01 Neutral
07/12/10 DMG & Partners Singtel 3.09 3.01 Neutral Sum of parts
07/22/10 DMG & Partners Singtel 3.06 3.01 Neutral
08/12/10 DMG & Partners Singtel 3.06 3.01 Neutral
08/13/10 DMG & Partners Singtel 3.01 2.98 Neutral Sum of parts
09/01/10 DMG & Partners Singtel 3.08 2.98 Neutral
09/02/10 DMG & Partners Singtel 3.08 2.98 Neutral
09/07/10 DMG & Partners Singtel 3.11 2.98 Neutral
11/11/10 DMG & Partners Singtel 3.25 2.98 Under Review
11/15/10 DMG & Partners Singtel 3.31 3.05 Neutral

11/09/10 Goldman Sachs Singtel 3.28 3.47 Buy Sum of parts

02/10/10 Kim Eng Singtel 3.03 3.42 Buy
03/18/10 Kim Eng Singtel 3.2 3.42 Buy
04/01/10 Kim Eng Singtel 3.17 3.42 Buy
05/14/10 Kim Eng Singtel 2.97 3.13 Hold PER12x
08/12/10 Kim Eng Singtel 3.06 3.13 Hold
10/06/10 Kim Eng Singtel 3.15 2.88 Hold
11/11/10 Kim Eng Singtel 3.25 0 Under Review
11/12/10 Kim Eng Singtel 3.31 3.11 Hold

02/09/10 Lim & Tan Singtel 2.95 0 Neutral
04/29/10 Lim & Tan Singtel 3.01 0 Neutral
05/13/10 Lim & Tan Singtel 3 0 Neutral
11/11/10 Lim & Tan Singtel 3.25 0 Hold

02/09/10 OCBC Singtel 2.95 3.51 Buy Sum of parts
04/26/10 OCBC Singtel 3.14 3.51 Buy
05/14/10 OCBC Singtel 2.97 3.4 Buy Sum of parts
05/19/10 OCBC Singtel 2.97 3.4 Buy 5.4% Div Yield
06/16/10 OCBC Singtel 2.98 3.4 Buy Div Yield 4.8%
07/28/10 OCBC Singtel 3.1 3.4 Buy Div Yield 4.8%
08/12/10 OCBC Singtel 3.06 3.34 Buy Sum of parts
09/01/10 OCBC Singtel 3.08 3.34 Buy Div Yield 4.2%
09/02/10 OCBC Singtel 3.08 3.34 Buy
10/11/10 OCBC Singtel 3.09 3.34 Buy Div Yield 4.2%
11/11/10 OCBC Singtel 3.25 3.34 Buy Under Review

02/10/10 phillip Singtel 3.03 3.52 Buy DCF
05/14/10 phillip Singtel 2.96 3.43 Buy DCF
08/13/10 phillip Singtel 2.99 3.43 Hold
11/12/10 phillip Singtel 3.31 3.52 Hold

Singapore Shipping - Lim & Tan supports this stock!

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

03/11/10 Lim & Tan Singapore Shipping 0.265 0 Buy

Singapore Post - Nobody sends letters anymore?

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

02/01/10 CIMB Singapore Post 1.01 1.11 Neutral DDM
05/18/10 CIMB Singapore Post 1.14 1.13 Neutral
07/29/10 CIMB Singapore Post 1.14 1.13 Neutral DDM

10/07/10 CLSA Singapore Post 1.22 0 Underperform

01/05/10 DBS Vickers Singapore Post 1.02 1.05 Hold Div Yield 6% PER13.5x
02/01/10 DBS Vickers Singapore Post 1.01 1.05 Hold
03/25/10 DBS Vickers Singapore Post 1.08 1.05 Hold 6% yield
05/03/10 DBS Vickers Singapore Post 1.09 1.05 Hold 6% Yield
07/29/10 DBS Vickers Singapore Post 1.13 1.17 Hold DDM
11/01/10 DBS Vickers Singapore Post 1.18 1.17 Hold DDM

02/01/10 Kim Eng Singapore Post 1.01 1.12 Hold PER14x
07/29/10 Kim Eng Singapore Post 1.13 1.25 Hold PER15x
11/01/10 Kim Eng Singapore Post 1.18 1.25 Hold PER15x

01/05/10 Lim & Tan Singapore Post 1.02 0 Buy
02/01/10 Lim & Tan Singapore Post 1.01 0 Buy
03/24/10 Lim & Tan Singapore Post 1.07 0 Buy
08/13/10 Lim & Tan Singapore Post 1.15 0 Buy
09/08/10 Lim & Tan Singapore Post 1.23 0 Sell

03/24/10 OCBC Singapore Post 1.08 1.16 Buy
04/09/10 OCBC Singapore Post 1.06 1.16 Buy
05/03/10 OCBC Singapore Post 1.09 1.16 Buy DCF
05/03/10 OCBC Singapore Post 1.09 1.16 Buy DCF
06/25/10 OCBC Singapore Post 1.12 1.16 Hold
07/29/10 OCBC Singapore Post 1.13 1.16 Hold

Singapore Land - The largest commercial landlord in Singapore!

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

02/17/10 AmFraser Singapore Land 6.3 8.98 Buy RNAV
04/30/10 AmFraser Singapore Land 6.69 8.78 Buy RNAV
08/10/10 AmFraser Singapore Land 6.8 8.8 Buy RNAV
08/30/10 AmFraser Singapore Land 6.78 8.8 Buy

01/11/10 CIMB Singapore Land 6.66 6.51 Underperform RNAV (20% discount)
02/17/10 CIMB Singapore Land 6.3 6.73 Underperform RNAV (20% discount)
04/16/10 CIMB Singapore Land 6.89 6.73 Underperform
05/10/10 CIMB Singapore Land 6.7 6.73 Neutral
05/18/10 CIMB Singapore Land 6.73 6.73 Underperform
05/20/10 CIMB Singapore Land 6.75 7.68 Neutral RNAV (15% discount)
06/14/10 CIMB Singapore Land 6.58 7.68 Neutral
06/15/10 CIMB Singapore Land 6.6 7.68 Neutral
11/10/10 CIMB Singapore Land 7.17 8.54 Outperform RNAV (15% discount)

02/17/10 DBS Vickers Singapore Land 6.3 6.94 Hold RNAV (10% discount)
03/08/10 DBS Vickers Singapore Land 6.63 6.94 Hold
06/16/10 DBS Vickers Singapore Land 6.58 7.99 Buy
07/16/10 DBS Vickers Singapore Land 6.62 7.99 Buy
08/10/10 DBS Vickers Singapore Land 6.8 7.85 Buy RNAV (15% discount)
08/31/10 DBS Vickers Singapore Land 6.76 7.85 Buy

02/17/10 Kim Eng Singapore Land 6.3 6.69 Hold RNAV (20% discount)
04/26/10 Kim Eng Singapore Land 6.8 6.69 Hold
08/10/10 Kim Eng Singapore Land 6.8 6.92 Hold PB0.8x
09/29/10 Kim Eng Singapore Land 7.01 7.38 Hold RNAV (20% discount)

11/15/10 Nomura Singapore Land 7.43 9.58 Buy

Baltic Dry Index (BDI) - 2366!

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, dropped 3.59 per cent, or 88 points, to 2,366 points in an eleventh straight drop and was at its lowest since Aug 10.

End Quote

Sing Holdings - Hold call by Phillip!

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

02/22/10 phillip Sing Holdings 0.38 0.43 Hold
02/24/10 phillip Sing Holdings 0.385 0.43 Hold RNAV (10% discount)
05/14/10 phillip Sing Holdings 0.35 0.46 Buy RNAV (10% discount)
08/13/10 phillip Sing Holdings 0.33 0.37 Hold RNAV (30% discount)
08/31/10 phillip Sing Holdings 0.32 0.36 Hold RNAV (30% discount)
09/22/10 phillip Sing Holdings 0.335 0.36 Hold RNAV (30% discount)
10/04/10 phillip Sing Holdings 0.33 0.36 Hold RNAV (30% discount), PER25x
11/10/10 phillip Sing Holdings 0.345 0.38 Hold RNAV (25% discount)

Sim Lian - Hold calls by analysts.

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

05/12/10 DBS Vickers Sim Lian 0.52 0.56 Hold RNAV (40% discount)

09/22/10 BNP Paribas Sim Lian 0.755 0.8 Hold RNAV (20% discount)

Starhill - A bright & upcoming star?

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

01/29/10 DBS Vickers Starhill 0.545 0.66 Buy PB0.64x, Div Yield 7.3%
04/19/10 DBS Vickers Starhill 0.595 0.73 Buy
07/27/10 DBS Vickers Starhill 0.59 0.73 Buy
10/27/10 DBS Vickers Starhill 0.61 0.76 Buy

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

Stamford Land - Lim & Tan is a strong supporter for this stock!

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

01/22/10 Lim & Tan Stamford Land 0.43 0 Buy
02/10/10 Lim & Tan Stamford Land 0.405 0 Buy
03/22/10 Lim & Tan Stamford Land 0.43 0 Buy
03/30/10 Lim & Tan Stamford Land 0.475 0 Buy
04/29/10 Lim & Tan Stamford Land 0.52 0 Buy
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

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

Let's look at the chart above dated 12/11/2010 after the announcement of QE2.  It seems like QE2 has stopped the outflow of funds from the US stock market but it may be premature to make such a conclusion as there are still many crosswinds in the international arena.  Nevertheless, it is a blessing to see that the average trading volume has stopped deteriorating further for the time being.

The chart above dated 12/11/10 shows that fund outflows have stopped and new investors are entering Japan stock market with the increases in the recent average trading volumes.  Previously, funds had been flowing into Asia excluding Japan but it was interesting to note that investors had changed their investment mentalities toward Japan.

The chart dated 12/11/10 above depicts an ebullient Hong Kong market as fund are pouring into this market as early as late September with ever increasing average trading volumes.  This is a well supported market and Hang Seng Index had hit a recent new high.

The chart dated 12/11/10 above indicates that funds started to pour into the Singapore market as early as 3 months ago and this helped to push STI to close above 3,300 points.  Singapore is also a well supported and favoured market as its economy is growing at 15% and its economic size will soon overtake Malaysia's which is 478 times bigger.

SIA Engineering - If you like the MRO business, you can buy this stock.

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

01/29/10 CIMB SIA Engineering 3.43 3.58 Underperform DCF, PER14x
03/29/10 CIMB SIA Engineering 3.56 4.12 Outperform DCF & PER15x
05/17/10 CIMB SIA Engineering 3.71 4.48 Outperform DCF, PER15x
05/18/10 CIMB SIA Engineering 3.74 4.48 Outperform
05/18/10 CIMB SIA Engineering 3.71 4.48 Outperform
07/26/10 CIMB SIA Engineering 4.13 4.48 Outperform PER15x & DCF
11/03/10 CIMB SIA Engineering 4.42 5.05 Outperform DCF

01/05/10 DBS Vickers SIA Engineering 3.34 3.5 Buy
01/29/10 DBS Vickers SIA Engineering 3.43 3.8 Buy PER15x
02/03/10 DBS Vickers SIA Engineering 3.47 3.8 Buy PER17.5x
03/08/10 DBS Vickers SIA Engineering 3.69 3.8 Buy
05/18/10 DBS Vickers SIA Engineering 3.74 4.3 Buy
06/04/10 DBS Vickers SIA Engineering 3.79 4.3 Buy
07/26/10 DBS Vickers SIA Engineering 4.13 4.6 Buy Sum of parts & DCF
08/20/10 DBS Vickers SIA Engineering 4.11 4.6 Buy
10/05/10 DBS Vickers SIA Engineering 4.51 5.1 Buy Sum of parts
11/03/10 DBS Vickers SIA Engineering 4.42 5.1 Buy Sum of parts

11/09/10 Goldman Sachs SIA Engineering 4.43 5.8 Buy

01/29/10 Kim Eng SIA Engineering 3.48 3.98 Buy PER17x
03/22/10 Kim Eng SIA Engineering 3.63 3.98 Buy PER17x
05/17/10 Kim Eng SIA Engineering 3.71 4.21 Buy PER18x
06/08/10 Kim Eng SIA Engineering 3.8 4.21 Buy
07/26/10 Kim Eng SIA Engineering 4.13 5 Buy PER20x
10/01/10 Kim Eng SIA Engineering 4.6 5 Buy
10/05/10 Kim Eng SIA Engineering 4.51 5 Buy
11/03/10 Kim Eng SIA Engineering 4.42 4.7 Hold PER19x

05/20/10 Lim & Tan SIA Engineering 3.82 0 Buy
06/08/10 Lim & Tan SIA Engineering 3.8 0 Buy
06/30/10 Lim & Tan SIA Engineering 4.02 0 Buy
09/06/10 Lim & Tan SIA Engineering 3.28 0 Hold

04/13/10 OCBC SIA Engineering 3.66 3.66 Hold Sum of parts, PER16.4x
07/26/10 OCBC SIA Engineering 4.13 3.85 Hold

04/29/10 phillip SIA Engineering 3.68 3.94 Hold FCFE Model
05/17/10 phillip SIA Engineering 3.71 3.91 Hold FCFE Model, PER15x, PB3.5x
07/26/10 phillip SIA Engineering 4.13 4.37 Hold
11/04/10 phillip SIA Engineering 4.53 4.37 Hold BV & PER

SIA - The world's best airline!

02/09/10 AmFraser SIA 14.3 18.6 Buy EV/Ebita 6x
05/24/10 AmFraser SIA 14.16 18.6 Buy EV/Ebitda 6x

01/18/10 CIMB SIA 14.38 15 Underperform PB1.4x
02/03/10 CIMB SIA 13.66 15.9 Outperform PB1.4x, PER12.5x
02/08/10 CIMB SIA 14.1 15.9 Trading Buy PB1.4x
02/18/10 CIMB SIA 14.8 15.9 Trading Buy PB1.4x
03/16/10 CIMB SIA 15.78 17.9 Outperform PER14x
04/16/10 CIMB SIA 15.44 17.9 Outperform PER14x
05/18/10 CIMB SIA 14.8 17.9 Outperform
05/24/10 CIMB SIA 14.16 17.9 Outperform PER14x
05/24/10 CIMB SIA 14.22 18.6 Outperform PER14x
07/27/10 CIMB SIA 14.76 18.6 Outperform PER14x
07/29/10 CIMB SIA 15.46 18.85 Outperform PER14x
09/16/10 CIMB SIA 16 18.85 Outperform PER14x
11/08/10 CIMB SIA 16 18.85 Outperform PER14x
11/10/10 CIMB SIA 16.32 18.85 Outperform PER14x
11/11/10 CIMB SIA 16.12 20.5 Outperform PER11x

03/09/10 Citigroup SIA 15.62 16 Sell
05/10/10 Citigroup SIA 14.62 16 Buy
07/27/10 Citigroup SIA 14.76 16 Buy

10/19/10 Credit Suisse SIA 16.02 18.5 Outperform

03/09/10 DBS Vickers SIA 15.62 18 Buy PB1.5x
04/15/10 DBS Vickers SIA 15.54 18 Buy PB1.5x
05/25/10 DBS Vickers SIA 14.22 18.2 Buy PB1.5x
07/27/10 DBS Vickers SIA 14.76 18.2 Buy PB1.5x
07/28/10 DBS Vickers SIA 15.02 18.4 Buy PB1.5x
07/30/10 DBS Vickers SIA 15.68 18.62 Buy PB1.5x
08/20/10 DBS Vickers SIA 15.5 18.62 Buy
09/06/10 DBS Vickers SIA 15.6 18.62 Buy
09/27/10 DBS Vickers SIA 16.2 18.62 Buy
11/10/10 DBS Vickers SIA 16.32 18.74 Buy PB1.5x

02/03/10 DMG & Partners SIA 13.66 16.71 Buy PER15x
02/18/10 DMG & Partners SIA 14.8 16.71 Buy PER15x
03/16/10 DMG & Partners SIA 15.78 16.71 Neutral PER15x
04/16/10 DMG & Partners SIA 15.48 17.82 Buy PER16x
05/18/10 DMG & Partners SIA 14.56 17.82 Buy PER16x
05/19/10 DMG & Partners SIA 14.56 17.82 Buy PER16x
05/24/10 DMG & Partners SIA 14.16 17.82 Buy PER16x
06/16/10 DMG & Partners SIA 14.82 17.82 Buy PER16x
07/16/10 DMG & Partners SIA 15.04 17.82 Buy PER16x
07/27/10 DMG & Partners SIA 14.76 17.82 Buy PER16x
07/28/10 DMG & Partners SIA 14.46 17.82 Buy PER16x
07/30/10 DMG & Partners SIA 15.46 17.9 Buy
09/06/10 DMG & Partners SIA 15.6 17.9 Buy
09/17/10 DMG & Partners SIA 16.04 17.9 Buy
09/22/10 DMG & Partners SIA 16.04 17.9 Buy
11/10/10 DMG & Partners SIA 16.32 18.5 Buy PER13x

07/27/10 JP Morgan SIA 14.76 18 Overweight
11/11/10 JP Morgan SIA 16.12 20 Overweight PB1.6x

02/03/10 Kim Eng SIA 13.66 16.2 Buy PB1.5x
02/18/10 Kim Eng SIA 14.8 16.2 Buy PB1.5x
03/16/10 Kim Eng SIA 15.78 16.2 Buy
03/31/10 Kim Eng SIA 15.66 18.9 Buy PB1.7x
04/16/10 Kim Eng SIA 15.44 18.9 Buy PB1.7x
05/18/10 Kim Eng SIA 14.56 18.9 Buy PB1.7x
05/24/10 Kim Eng SIA 14.16 18.9 Buy
05/25/10 Kim Eng SIA 14.22 18.9 Buy PB1.7x
06/16/10 Kim Eng SIA 14.82 18.9 Buy PB1.7x
07/16/10 Kim Eng SIA 15.04 18.9 Buy PB1.7x
07/27/10 Kim Eng SIA 14.76 18.9 Buy PB1.7x
07/29/10 Kim Eng SIA 15.46 18.9 Buy PB1.7x
08/17/10 Kim Eng SIA 15.46 18.9 Buy
09/16/10 Kim Eng SIA 16 18.9 Buy
10/18/10 Kim Eng SIA 16.22 18.9 Buy
11/11/10 Kim Eng SIA 16.12 18.9 Buy

09/06/10 Lim & Tan SIA 15.6 0 Buy

09/06/10 phillip SIA 15.6 15 Hold
11/11/10 phillip SIA 16.12 16.34 Hold

07/27/10 UBS SIA 14.76 16.5 Buy