Ausgroup - Downgraded by CIMB.

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

02/14/11 CIMB Ausgroup 0.4 0.42 Underperform PER7.5x

ASTI - Strong buy from NRA.

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

02/24/11 NRA ASTI 0.1 0.22 Buy PB1.2x, PER8x

ASL Marine - Mixed calls by analysts.

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

01/03/11 DBS Vickers ASL Marine 0.98 0.96 Hold

02/14/11 Kim Eng ASL Marine 0.69 0.85 Buy NTA1x

01/05/11 OCBC ASL Marine 0.75 0.67 Hold
02/14/11 OCBC ASL Marine 0.69 0.67 Neutral
03/09/11 OCBC ASL Marine 0.645 0.67 Hold
03/11/11 OCBC ASL Marine 0.625 0.67 Hold

02/14/11 UOB Kay Hian ASL Marine 0.69 0.84 Hold Sum of parts

Asia Travel - Cease coverage by Kim Eng.

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

11/30/10 DBS Vickers Asiatravel 0.42 0.4 Hold


01/27/11 Kim Eng Asiatravel 0.445 0.47 Hold Cease coverage as no positive catalyst

Ascendas India Trust - Buy calls from analysts.

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

02/02/11 Citigroup Ascendas India Trust 0.99 1.18 Buy DDM

01/27/11 DBS Vickers Ascendas India Trust 0.96 1.08 Buy
02/25/11 DBS Vickers Ascendas India Trust 0.935 1.13 Buy DDM
03/09/11 DBS Vickers Ascendas India Trust 0.94 1.13 Buy

Ascott Residences Trust (ART) - CIMB upgraded this reit.

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

01/05/11 CIMB ART 1.25 1.24 Underperform DDM
01/25/11 CIMB ART 1.22 1.32 Neutral

01/07/11 DBS Vickers ART 1.26 1.38 Buy
03/09/11 DBS Vickers ART 1.19 1.38 Buy

01/24/11 Kim Eng ART 1.22 1.38 Buy

01/21/11 Lim & Tan ART 1.22 0 Buy

01/24/11 OCBC ART 1.22 1.34 Buy
03/15/11 OCBC ART 1.19 1.34 Buy Under Review

Armstrong - Downgraded to hold by Lim & Tan.

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

02/28/11 CIMB Armstrong 0.395 0.575 Outperform PER9x

03/03/11 DMG & Partners Armstrong 0.395 0.545 Buy
03/04/11 DMG & Partners Armstrong 0.395 0.545 Buy

01/03/11 Kim Eng Armstrong 0.43 0.53 Buy

02/28/11 Lim & Tan Armstrong 0.395 0 Hold

Ascendas Reit (A-Reit) - No buy call for this reit.

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

01/05/11 CIMB A-Reit 2.12 2.13 Neutral DDM
01/18/11 CIMB A-Reit 2.16 2.09 Underperform DDM
01/28/11 CIMB A-Reit 2.12 2.09 Underperform

01/19/11 Credit Suisse A-Reit 2.15 2.33 Neutral

01/18/11 DBS Vickers A-Reit 2.16 2.19 Hold
02/14/11 DBS Vickers A-Reit 2.06 2.19 Hold DCF
03/09/11 DBS Vickers A-Reit 2.03 2.19 Hold

01/18/11 DMG & Partners A-Reit 2.16 2.2 Neutral
02/14/11 DMG & Partners A-Reit 2.06 2.2 Neutral

01/18/11 OCBC A-Reit 2.16 2.2 Hold RNAV
03/08/11 OCBC A-Reit 2 2.2 Hold

ARA Asset Management - Target price and call was upgraded by CIMB.

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

11/11/10 CIMB ARA Asset Management 1.56 1.58 Neutral Sum of parts
02/25/11 CIMB ARA Asset Management 1.63 1.98 Outperform Sum of parts

02/25/11 DBS Vickers ARA Asset Management 1.63 1.77 Buy Sum of parts

Amtek - Buy calls from CIMB & DBS Vickers.

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

01/03/11 CIMB Amtek 1.08 1.52 Outperform PER9x

01/11/11 DBS Vickers Amtek 1.29 1.65 Buy PER11x
01/25/11 DBS Vickers Amtek 1.33 1.65 Buy
02/14/11 DBS Vickers Amtek 1.24 1.65 Buy PER11x

Allied Tech - Buy call from NRA.

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

03/01/11 NRA Allied Tech 0.065 0.13 Buy PB1x

Allgreen - No longer a favoured developer.

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

02/25/11 CIMB Allgreen 1.02 1.17 Underperform RNAV (30% discount)

12/20/10 DBS Vickers Allgreen 1.17 1.34 Hold

Adampak - Hold call by Lim & Tan.

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

03/02/11 Lim & Tan Adampak 0.335 0 Hold PER7x

Ziwo - Well-liked by Phillip.

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

12/15/10 phillip Ziwo 0.375 0.47 Buy
02/25/11 phillip Ziwo 0.285 0.47 Buy PER5x

Yongnam - Buy calls from analysts.

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

03/01/11 CIMB Yongnam 0.25 0.4 Outperform PER8x

03/02/11 DMG & Partners Yongnam 1.85 2.3 Buy

Ying Li - Buy call from Kim Eng.

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

03/02/11 Kim Eng Ying Li 0.365 0.5 Buy RNAV (40% discount)

Yangzijiang - Analysts loves this shipyard.

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

12/14/10 CIMB Yangzijiang 1.94 2.57 Outperform PER14x
01/04/11 CIMB Yangzijiang 1.97 2.57 Outperform
01/13/11 CIMB Yangzijiang 2.01 2.69 Outperform PER14x
01/28/11 CIMB Yangzijiang 1.92 2.69 Outperform
02/21/11 CIMB Yangzijiang 1.9 2.69 Outperform PER14x
02/22/11 CIMB Yangzijiang 1.89 2.69 Outperform PER14x
02/23/11 CIMB Yangzijiang 1.89 2.69 Outperform PER14x
03/10/11 CIMB Yangzijiang 1.81 2.69 Outperform

12/16/10 DBS Vickers Yangzijiang 1.93 2.6 Buy Sum of parts, PB
12/17/10 DBS Vickers Yangzijiang 1.89 2.6 Buy PER14x
01/04/11 DBS Vickers Yangzijiang 1.97 2.6 Buy
01/13/11 DBS Vickers Yangzijiang 2.01 2.6 Buy PER14x
03/02/11 DBS Vickers Yangzijiang 1.85 2.6 Buy PER14x
03/10/11 DBS Vickers Yangzijiang 1.81 2.6 Buy PER14x

12/17/10 DMG & Partners Yangzijiang 1.89 2.2 Buy PER15x
01/13/11 DMG & Partners Yangzijiang 2.01 2.2 Buy
02/22/11 DMG & Partners Yangzijiang 1.89 2.2 Under Review
02/23/11 DMG & Partners Yangzijiang 1.89 2.3 Buy PER15x

02/24/11 Morgan Stanley Yangzijiang 1.85 2.11 Overweight

03/08/11 Nomura Yangzijiang 1.82 2.3 Buy Sum of parts

01/18/11 OCBC Yangzijiang 2.02 2.36 Buy PER15x
02/01/11 OCBC Yangzijiang 1.86 2.36 Buy
02/07/11 OCBC Yangzijiang 1.93 2.36 Buy
02/23/11 OCBC Yangzijiang 1.89 2.36 Buy
03/02/11 OCBC Yangzijiang 1.85 2.36 Buy
03/09/11 OCBC Yangzijiang 1.81 2.36 Buy

12/02/10 UOB Kay Hian Yangzijiang 1.88 2.37 Buy PER15x

Yamada Green - DMG likes mushrooms.

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

01/07/11 DMG & Partners Yamada Green 0.32 0.4 Buy
02/07/11 DMG & Partners Yamada Green 0.325 0.4 Buy
02/09/11 DMG & Partners Yamada Green 0.335 0.4 Buy
03/02/11 DMG & Partners Yamada Green 0.28 0.43 Buy PER6x
03/03/11 DMG & Partners Yamada Green 0.27 0.43 Buy PER6x

Baltic Dry Index (BDI) - 1538

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose to a two-month high on Thursday as buoyant cargo demand bolstered sentiment. The index rose by 4.48 per cent or 66 points to 1,538 points in a tenth session of gains to reach its highest since Jan 6.

End Quote.

Xinren Aluminum - Buy call from DBS Vickers.

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

12/16/10 DBS Vickers Xinren Aluminum 0.46 0.7 Buy PER7.9x
03/01/11 DBS Vickers Xinren Aluminum 0.43 0.7 Buy PER8.8x