Foreland Fabritech - Buy call from NRA.

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

03/02/11 NRA Foreland Fabritech 0.13 0.185 Buy PER7x

FJ Benjamin - Mixed calls from analysts.

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

02/10/11 DMG & Partners FJ Benjamin 0.405 0.52 Buy

02/10/11 Kim Eng FJ Benjamin 0.405 0.62 Buy DCF

02/22/11 UOB Kay Hian FJ Benjamin 0.385 0.425 Hold

First Ship Lease Trust - Target price was downgraded by DBS Vickers.

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

01/21/11 DBS Vickers First Ship Lease Trust 0.47 0.45 Hold

First Resources - Phillip doesn't like this resources stock.

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

01/21/11 DBS Vickers First Resources 1.45 1.55 Hold DCF
03/02/11 DBS Vickers First Resources 1.34 1.65 Buy DCF

01/25/11 DMG & Partners First Resources 1.41 2.05 Buy
03/04/11 DMG & Partners First Resources 1.32 1.77 Buy PER15x

01/21/11 phillip First Resources 1.45 1.53 Hold DCF
03/03/11 phillip First Resources 1.32 1.47 Hold DCF

04/04/11 UOB Kay Hian First Resources 1.36 1.6 Buy

First Reit - Target price was downgraded by OCBC but retained buy call.

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

01/24/11 OCBC First Reit 0.76 0.84 Buy
01/25/11 OCBC First Reit 0.765 0.82 Buy RNAV
02/18/11 OCBC First Reit 0.74 0.82 Buy Div Yield 8.6%
02/25/11 OCBC First Reit 0.725 0.82 Under Review
02/28/11 OCBC First Reit 0.73 0.8 Buy RNAV, Div Yield 8.5%
03/10/11 OCBC First Reit 0.74 0.8 Buy

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