Falcon Energy - Downgraded by Kim Eng.

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

02/28/11 Kim Eng Falcon Energy 0.375 0.41 Hold PER10x

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

The charts above dated 1/4/2011 show that US, HK and SG markets have fund outflows except JP which has fund inflows. SG market is in a precarious position as a recent business times article reported that trading volume was very low for SG and speculated that people bet in casino instead of in the stock market.  With lesser funds flowing into SG market, STI has a high chance of falling.

F&N - DMG doesn't like this beverage & property stock.

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

03/17/11 CIMB F & N 5.42 6.84 Outperform Sum of parts (10% discount)

02/08/11 DBS Vickers F & N 6.06 7 Buy
02/11/11 DBS Vickers F & N 6.06 7 Buy RNAV (5% discount)
02/16/11 DBS Vickers F & N 6 7 Buy RNAV
03/09/11 DBS Vickers F & N 5.85 7 Buy
03/21/11 DBS Vickers F & N 5.36 7 Buy

02/11/11 DMG & Partners F & N 6.06 6.33 Neutral
02/17/11 DMG & Partners F & N 6 6.33 Neutral RNAV

02/14/11 HSBC F & N 6.02 6.77 Overweight

02/11/11 Kim Eng F & N 6.06 8.94 Buy Sum of parts
03/09/11 Kim Eng F & N 5.85 8.54 Buy Sum of parts

02/08/11 Lim & Tan F & N 6.06 0 Buy

Ezra - DnB Nor hated this marine stock to the core.

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

03/02/11 CIMB Ezra 1.62 3 Outperform Sum of parts
03/04/11 CIMB Ezra 1.68 3 Outperform Sum of parts

03/02/11 DMG & Partners Ezra 1.62 2.4 Buy PER15x

03/10/11 DnB Nor Ezra 1.78 1.45 Sell

03/02/11 OCBC Ezra 1.62 2.2 Buy
03/02/11 OCBC Ezra 1.62 2.2 Buy
03/04/11 OCBC Ezra 1.68 2.2 Buy
03/15/11 OCBC Ezra 1.71 2.2 Buy

03/31/11 UOB Kay Hian Ezra 1.76 2.1 Buy

Ezion - Buy calls from all analysts.

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

02/25/11 CIMB Ezion 0.625 1.31 Outperform PER12x
03/15/11 CIMB Ezion 0.65 1.03 Outperform PER11x

02/25/11 DBS Vickers Ezion 0.625 0.92 Buy PER12x
03/28/11 DBS Vickers Ezion 0.665 0.92 Buy

02/25/11 DMG & Partners Ezion 0.625 0.92 Buy PER12x

03/10/11 DnB Nor Ezion 0.67 0.9 Buy DCF

02/25/11 Kim Eng Ezion 0.625 0.99 Buy PEG 0.5x, PER12.5x

02/24/11 OCBC Ezion 0.625 0.82 Under Review
02/25/11 OCBC Ezion 0.625 0.84 Buy PER11x
03/04/11 OCBC Ezion 0.65 0.84 Buy
03/15/11 OCBC Ezion 0.65 0.84 Buy
03/31/11 OCBC Ezion 0.665 0.79 Buy

03/31/11 UOB Kay Hian Ezion 0.665 0.9 Buy

Baltic Dry Index (BDI) - 1520

Quote:

The index fell 0.65 per cent or 10 points to 1,520 points.

End Quote.

Etika - Hold call by NRA.

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

02/24/11 NRA Etika 0.36 0.355 Hold PER15.4x

Equation - Hold call by NRA.

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

02/16/11 NRA Equation 0.05 0.04 Hold Ebitda 6x

Epicentre - DMG likes apple products.

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

02/08/11 DMG & Partners Epicentre 0.37 0.51 Buy PER8x
02/15/11 DMG & Partners Epicentre 0.4 0.68 Buy PER8x
03/14/11 DMG & Partners Epicentre 0.46 0.68 Buy PER8x

Baltic Dry Index (BDI) - 1545

Quote:

The Baltic Dry Index has dropped 48 per cent in the past year. The index fell by 1.72 per cent or 27 points from Tuesday to 1,545 points.

End Quote.

Elec & Eltek - CIMB likes this stock but not Lim & Tan.

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

02/25/11 CIMB Elec & Eltek 3.45 4.03 Outperform

02/25/11 Lim & Tan Elec & Eltek 3.45 0 Hold
03/21/11 Lim & Tan Elec & Eltek 3.27 0 Neutral

ECS - Buy calls from analysts.

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

02/14/11 NRA ECS 0.845 1.42 Buy PER10x
02/28/11 NRA ECS 0.865 1.37 Buy PER10x

03/21/11 UOB Kay Hian ECS 0.83 1.18 Buy

DMX - Neutral call by NRA.

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

03/21/11 NRA DMX 0.35 0.37 Neutral 17x

Baltic Dry Index (BDI) - 1572

Quote:

The index fell by 0.82 per cent or 13 points to 1,572 points, after being flat on Monday.

End Quote.

DBS Bank - 7 buy calls, 1 sell call, 2 hold calls.

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

01/28/11 CIMB DBS 15.08 17 Outperform
02/08/11 CIMB DBS 15.18 17 Outperform PB1.45x
02/11/11 CIMB DBS 14.82 17 Outperform PB1.45x & GGM
02/14/11 CIMB DBS 14.8 17 Outperform PB1.45x, GGM
03/03/11 CIMB DBS 14.16 17 Outperform PB1.45x & GGM
03/08/11 CIMB DBS 14.34 17 Outperform PB1.45x & GGM
03/25/11 CIMB DBS 14.24 17 Outperform PB1.45x & GGM

03/07/11 Citigroup DBS 14.54 16.5 Buy

03/18/11 CLSA DBS 14.04 13.6 Underperform

02/07/11 DMG & Partners DBS 15.14 14.3 Neutral PB1.22x
02/14/11 DMG & Partners DBS 14.8 15 Neutral PB1.3x
03/02/11 DMG & Partners DBS 14.42 15 Neutral PB1.3x

02/11/11 JP Morgan DBS 14.82 24 Buy

02/11/11 Kim Eng DBS 14.82 0 Under Review
02/14/11 Kim Eng DBS 14.8 13.74 Hold GGM
03/08/11 Kim Eng DBS 14.34 13.75 Hold

02/11/11 Lim & Tan DBS 14.82 0 Buy

03/21/11 Morgan Stanley DBS 14 17 Overweight

02/11/11 OCBC DBS 14.82 16 Buy

02/14/11 phillip DBS 14.8 16.98 Buy PB1.4x
03/09/11 phillip DBS 14.54 16.98 Buy PB1.4x

Datapulse - Being an OEM manufacturer is not good enough!

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

03/09/11 Lim & Tan Datapulse 0.205 0 Neutral
03/23/11 Lim & Tan Datapulse 0.21 0 Neutral

Dairy Farm - Citigroup upgraded its call on this stock.

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

03/08/11 Citigroup Dairy Farm 8.21 7.5 Sell
03/11/11 Citigroup Dairy Farm 8.07 7.5 Hold

CWT - Analysts love this logistics company.

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

02/17/11 CIMB CWT 1.24 1.72 Outperform PER19x
02/25/11 CIMB CWT 1.2 1.72 Outperform PER19x

01/21/11 DMG & Partners CWT 1.16 1.45 Buy PER20.8x
02/25/11 DMG & Partners CWT 1.2 1.45 Buy PER20.8x

01/27/11 Kim Eng CWT 1.18 1.7 Buy Sum of parts
02/25/11 Kim Eng CWT 1.2 1.7 Buy

CSE Global - Mixed calls from analysts.

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

02/22/11 CIMB CSE Global 1.3 1.59 Outperform PER10x

02/22/11 DBS Vickers CSE Global 1.3 1.44 Hold PER12x

CSC - Buy call from DMG.

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

01/31/11 DMG & Partners CSC 0.16 0.235 Buy
02/02/11 DMG & Partners CSC 0.155 0.225 Buy PER12x
02/17/11 DMG & Partners CSC 0.15 0.225 Buy
03/10/11 DMG & Partners CSC 0.14 0.225 Buy