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

Creative Technology - Sell call by Lim & Tan due to declining revenue & profit.

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

01/27/11 Lim & Tan Creative Tech 4.03 0 Sell Declining revenue, profit & NAV

Cosco - CIMB was panicky about this ship builder.

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

02/16/11 CIMB Cosco 2.09 2.63 Outperform PER18x
02/23/11 CIMB Cosco 2.02 2.85 Outperform PER18x
03/01/11 CIMB Cosco 1.96 2.85 Outperform PER18x
03/02/11 CIMB Cosco 2.04 2.85 Outperform PER18x
03/10/11 CIMB Cosco 2 2.85 Outperform PER18x
03/16/11 CIMB Cosco 1.84 1.74 Trading Sell PER11x
03/28/11 CIMB Cosco 2.01 2.38 Neutral PER15x

01/19/11 DBS Vickers Cosco 2.33 3.03 Buy Sum of parts (PB5x & PER)
02/22/11 DBS Vickers Cosco 2.11 3.03 Buy
02/23/11 DBS Vickers Cosco 2.02 3.16 Buy Sum of parts
03/10/11 DBS Vickers Cosco 2 3.16 Buy Sum of parts
03/16/11 DBS Vickers Cosco 1.84 3.16 Buy Sum of parts
03/21/11 DBS Vickers Cosco 1.81 3.16 Buy
03/28/11 DBS Vickers Cosco 2.01 3.16 Buy Sum of parts

02/16/11 Kim Eng Cosco 2.09 2.43 Buy
02/23/11 Kim Eng Cosco 2.02 2.43 Buy PB4.8x
03/28/11 Kim Eng Cosco 2.01 2.43 Buy

01/13/11 Lim & Tan Cosco 2.01 0 Buy
03/28/11 Lim & Tan Cosco 2.01 0 Buy

01/21/11 phillip Cosco 2.33 2.68 Buy PB3.8x & PER20x
02/23/11 phillip Cosco 2.02 2.68 Buy PER20x

03/01/11 UOB Kay Hian Cosco 1.96 2.3 Buy
03/28/11 UOB Kay Hian Cosco 2.01 2.5 Buy

ConscienceFood - Downgraded heavily by DBS Vickers.

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

12/09/10 DBS Vickers ConscienceFood 0.225 0.38 Buy PER7x
01/19/11 DBS Vickers ConscienceFood 0.315 0.39 Buy PER7x
02/22/11 DBS Vickers ConscienceFood 0.27 0.39 Buy
02/28/11 DBS Vickers ConscienceFood 0.255 0.26 Hold PER7x

01/28/11 DMG & Partners ConscienceFood 0.285 0.39 Buy PER7x
01/31/11 DMG & Partners ConscienceFood 0.285 0.39 Buy PER7x
03/02/11 DMG & Partners ConscienceFood 0.245 0.39 Buy PER7x

Baltic Dry Index (BDI) - 1585

Quote:

The index rose by 0.13 per cent or two points to 1,585 points on Friday.

End Quote.

Comfortdelgro - Buy calls from all analysts.

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

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

01/10/11 BNP Paribas Comfortdelgro 1.59 1.98 Buy

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
10/01/10 CIMB Comfortdelgro 1.52 1.9 Outperform DCF
11/15/10 CIMB Comfortdelgro 1.46 1.9 Outperform DCF
01/14/11 CIMB Comfortdelgro 1.63 1.9 Outperform DCF
02/15/11 CIMB Comfortdelgro 1.56 1.87 Outperform DCF

02/11/11 Credit Suisse Comfortdelgro 1.56 1.9 Outperform

05/17/10 DBS Vickers Comfortdelgro 1.49 1.64 Hold DCF, PER15x
08/17/10 DBS Vickers Comfortdelgro 1.55 1.65 Hold
11/15/10 DBS Vickers Comfortdelgro 1.46 1.79 Buy DCF & PER15x
02/22/11 DBS Vickers Comfortdelgro 1.55 1.95 Buy
03/11/11 DBS Vickers Comfortdelgro 1.55 1.86 Buy DCF & PER

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
10/21/10 DMG & Partners Comfortdelgro 1.49 1.74 Buy
10/22/10 DMG & Partners Comfortdelgro 1.5 1.74 Buy
11/15/10 DMG & Partners Comfortdelgro 1.46 1.85 Buy DCF
01/05/11 DMG & Partners Comfortdelgro 1.54 1.85 Buy
01/12/11 DMG & Partners Comfortdelgro 1.62 1.85 Buy
01/13/11 DMG & Partners Comfortdelgro 1.63 1.85 Buy
01/18/11 DMG & Partners Comfortdelgro 1.63 1.85 Buy PER14x
01/19/11 DMG & Partners Comfortdelgro 1.63 1.85 Buy
01/25/11 DMG & Partners Comfortdelgro 1.62 1.87 Buy DCF
02/15/11 DMG & Partners Comfortdelgro 1.56 1.8 Buy DCF
02/25/11 DMG & Partners Comfortdelgro 1.52 1.8 Buy
03/09/11 DMG & Partners Comfortdelgro 1.54 1.8 Buy

01/25/11 JP Morgan Comfortdelgro 1.62 2 Overweight

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
11/15/10 Kim Eng Comfortdelgro 1.46 1.87 Buy PER17x
12/17/10 Kim Eng Comfortdelgro 1.55 2.08 Buy PER17x
01/25/11 Kim Eng Comfortdelgro 1.62 2.08 Buy
02/15/11 Kim Eng Comfortdelgro 1.56 1.95 Buy PER17x

12/10/10 Macquarie Comfortdelgro 1.54 2 Outperform

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
11/15/10 phillip Comfortdelgro 1.46 1.75 Buy
02/15/11 phillip Comfortdelgro 1.56 1.81 Buy PER17.3x
03/24/11 phillip Comfortdelgro 1.51 2.01 Buy DCF & PER17x

Combine Will - Buy call from Phillip.

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

02/22/11 phillip Combine Will 0.315 0.5 Buy PER8.76x

CitySpring - Hold call by DBS Vickers.

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

02/15/11 DBS Vickers CitySpring 0.57 0.58 Hold DDM

City Developments - Downgraded by OCBC.

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

02/25/11 CIMB City Developments 10.92 11.58 Underperform RNAV (10% discount)

02/25/11 Credit Suisse City Developments 10.92 15.6 Outperform
02/25/11 Credit Suisse City Developments 10.92 15.6 Outperform RNAV

03/16/11 DBS Vickers City Developments 10.92 11.89 Hold

01/12/11 DMG & Partners City Developments 12.66 11.07 Neutral RNAV
02/24/11 DMG & Partners City Developments 10.7 11.07 Neutral
03/01/11 DMG & Partners City Developments 11.3 11.07 Neutral RNAV

02/25/11 HSBC City Developments 10.92 11.64 Neutral

02/09/11 Kim Eng City Developments 11.2 14.2 Buy RNAV (10% premium)
02/25/11 Kim Eng City Developments 10.92 14.6 Buy
02/25/11 Kim Eng City Developments 10.92 14.6 Buy RNAV (10% premium)
03/10/11 Kim Eng City Developments 11.24 14.6 Buy RNAV (10% premium)

02/24/11 Lim & Tan City Developments 10.7 0 Buy

02/09/11 OCBC City Developments 11.2 12.35 Under Review
02/24/11 OCBC City Developments 10.7 12.35 Hold RNAV
02/24/11 OCBC City Developments 10.7 12.35 Under Review RNAV
02/25/11 OCBC City Developments 10.92 11.89 Hold RNAV
03/23/11 OCBC City Developments 10.84 10.72 Hold RNAV (10% discount)

China XLX Fertiliser - Only CLSA liked this S-Chip.

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

01/07/11 CIMB China XLX Fertiliser 0.61 0.45 Underperform PER7x
01/28/11 CIMB China XLX Fertiliser 0.52 0.45 Underperform PER7x
02/28/11 CIMB China XLX Fertiliser 0.425 0.39 Underperform PER7x

02/17/11 CLSA China XLX Fertiliser 0.5 0.63 Buy
02/21/11 CLSA China XLX Fertiliser 0.48 0.63 Buy

02/17/11 DBS Vickers China XLX Fertiliser 0.5 0.42 Fully Valued PER13x
02/28/11 DBS Vickers China XLX Fertiliser 0.425 0.42 Fully Valued PER13x

China Sunsine - Phillip reiterated its buy call for this S-Chip.

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

01/21/11 phillip China Sunsine 0.315 0.36 Buy
03/03/11 phillip China Sunsine 0.27 0.36 Buy PER7.5x

China Minzhong - Lim & Tan downgraded this S-Chip.

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

02/15/11 CIMB China Minzhong 1.51 1.85 Outperform PER7x

03/25/11 DBS Vickers China Minzhong 1.56 1.8 Buy

02/07/11 DMG & Partners China Minzhong 1.54 1.78 Buy
02/09/11 DMG & Partners China Minzhong 1.55 1.78 Buy
02/15/11 DMG & Partners China Minzhong 1.51 1.78 Buy PER9x
02/16/11 DMG & Partners China Minzhong 1.51 2.08 Buy PER9x
02/28/11 DMG & Partners China Minzhong 1.74 2.08 Buy
03/25/11 DMG & Partners China Minzhong 1.56 2.08 Buy

01/04/11 Kim Eng China Minzhong 1.39 1.8 Buy PER9x
02/16/11 Kim Eng China Minzhong 1.57 1.9 Buy PER9x

01/05/11 Lim & Tan China Minzhong 1.42 0 Buy
01/25/11 Lim & Tan China Minzhong 1.48 0 Buy
02/18/11 Lim & Tan China Minzhong 1.67 0 Buy
03/02/11 Lim & Tan China Minzhong 1.8 0 Hold

China Hongxing - Lim & Tan was right again for asking investors to sell this S-Chip.

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

02/28/11 Lim & Tan China Hongxing 0.115 0 Sell A/C irregularities

China Gaoxian - Lim & Tim was right in asking investors to get out of this S-Chip.

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

01/14/11 Lim & Tan China Gaoxian 0.445 0 Take Profit