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Sunday, April 10, 2011

Hiap Seng - Buy call from CIMB but fully valued by DBS Vickers.

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

02/08/11 CIMB Hiap Seng 0.57 0.7 Trading Buy PER7.5x
02/14/11 CIMB Hiap Seng 0.56 0.67 Trading Buy PER7.5x
04/01/11 CIMB Hiap Seng 0.5 0.67 Trading Buy

02/08/11 DBS Vickers Hiap Seng 0.565 0.56 Fully Valued Sum of parts
02/14/11 DBS Vickers Hiap Seng 0.555 0.56 Fully Valued

Hersing - Target price was downgraded by Phillip.

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

02/28/11 phillip Hersing 0.27 0.32 Buy

Guocoland - Hold call from DBS Vickers.

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

03/16/11 DBS Vickers Guocoland 2.45 2.08 Hold

Saturday, April 9, 2011

Goodpack - Mixed calls from analysts.

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

02/15/11 CIMB Goodpack 2.21 2.19 Underperform PER19x
03/11/11 CIMB Goodpack 1.96 2.19 Neutral PER19x

03/15/11 DBS Vickers Goodpack 1.86 2.25 Buy DCF & PER14.7x
03/21/11 DBS Vickers Goodpack 1.74 2.25 Buy

02/15/11 DMG & Partners Goodpack 2.21 2.12 Neutral DCF
03/21/11 DMG & Partners Goodpack 1.74 2 Buy
03/22/11 DMG & Partners Goodpack 1.74 2 Buy DCF

02/16/11 IIFL Goodpack 2.25 2.28 Reduce

02/15/11 Kim Eng Goodpack 2.21 2.48 Buy PER25x
03/21/11 Kim Eng Goodpack 1.74 2.42 Buy PER25x

02/15/11 OCBC Goodpack 2.21 2.28 Under Review

Golden Agri - 4 buy call, 1 hold call & 1 sell call.

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

01/28/11 CIMB Golden Agri 0.72 0.88 Trading Buy
03/01/11 CIMB Golden Agri 0.65 0.85 Outperform PER16x

03/04/11 CLSA Golden Agri 0.7 0.87 Buy
03/07/11 CLSA Golden Agri 0.7 0.87 Buy

03/01/11 DMG & Partners Golden Agri 0.65 0.83 Buy
03/31/11 DMG & Partners Golden Agri 0.695 0.83 Buy

02/08/11 OCBC Golden Agri 0.72 0.91 Buy
03/01/11 OCBC Golden Agri 0.65 0.88 Buy PER17x
03/21/11 OCBC Golden Agri 0.64 0.88 Buy PER17x

02/11/11 phillip Golden Agri 0.715 0.74 Hold
03/01/11 phillip Golden Agri 0.65 0.74 Hold DCF

03/01/11 UOB Kay Hian Golden Agri 0.695 0.73 Hold
04/04/11 UOB Kay Hian Golden Agri 0.705 0.62 Sell

GMG - BofA loves rubber plantation.

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

01/26/11 BofA GMG 0.285 0.5 Buy PER15.5x

Friday, April 8, 2011

Global Palm Resources - OCBC doesn't like this stock that it has downgraded its target price.

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

01/26/11 OCBC Global Palm Resources 0.355 0.4 Hold PER18x
03/04/11 OCBC Global Palm Resources 0.345 0.365 Hold PER18x

Global Logistics - Buy calls from analysts.

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

02/15/11 DBS Vickers Global Logistics 1.96 2.76 Buy Sum of parts
03/16/11 DBS Vickers Global Logistics 1.88 2.76 Buy

02/14/11 JP Morgan Global Logistics 1.93 0 Overweight

Genting HK - 3 buy calls & 2 sell calls.

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

04/07/11 CIMB Genting Hong Kong 0.42 0.48 Outperform Sum of parts

03/25/11 Credit Suisse Genting Hong Kong 0.42 0.37 Sell PER22.2x, EV/Ebitda 10.9x

03/14/11 Kim Eng Genting Hong Kong 0.395 0.54 Buy Sum of parts
03/25/11 Kim Eng Genting Hong Kong 0.42 0.54 Buy Sum of parts

01/24/11 Macquarie Genting Hong Kong 0.47 0.6 Outperform

03/28/11 UOB Kay Hian Genting Hong Kong 0.42 0.37 Sell

Thursday, April 7, 2011

Genting - 9 buy calls & 3 hold calls.

01/24/11 CIMB Genting 2.15 2.7 Outperform Sum of parts
01/25/11 CIMB Genting 2.12 2.7 Outperform Sum of parts
01/28/11 CIMB Genting 2.06 2.7 Outperform
02/09/11 CIMB Genting 2.09 2.7 Outperform Sum of parts
02/23/11 CIMB Genting 1.98 2.7 Outperform Sum of parts

02/07/11 Citigroup Genting 2.13 2.6 Buy

01/28/11 Credit Suisse Genting 2.04 0 Outperform
02/11/11 Credit Suisse Genting 2.03 2.65 Outperform

03/30/11 DBS Vickers Genting 2 2.7 Buy Sum of parts

02/23/11 DMG & Partners Genting 1.98 2.51 Buy

01/28/11 HSBC Genting 2.06 1.95 Underweight EV/Ebitda
02/24/11 HSBC Genting 1.98 2.16 Neutral

02/23/11 JP Morgan Genting 1.98 2.15 Neutral

02/22/11 Lim & Tan Genting 2 0 Buy

02/21/11 OCBC Genting 2.01 2.53 Buy
02/23/11 OCBC Genting 1.98 2.53 Buy DCF
03/31/11 OCBC Genting 2.07 2.53 Buy DCF

02/22/11 phillip Genting 1.99 2.36 Buy

02/07/11 UBS Genting 2.13 2.39 Neutral
03/23/11 UBS Genting 1.93 2.3 Buy EV/Ebitda 15x

02/23/11 UOB Kay Hian Genting 1.98 1.94 Hold

Gallant Venture - Buy calls from analysts.

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

04/06/11 DBS Vickers Gallant Venture 0.43 0.88 Buy Sum of parts

01/27/11 Kim Eng Gallant Venture 0.42 0.75 Buy Sum of parts
02/15/11 Kim Eng Gallant Venture 0.39 0.75 Buy Sum of parts

Fuxing China - Buy calls from analysts.

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

02/03/11 NRA Fuxing China 0.165 0.28 Overweight PER11x

03/02/11 DMG & Partners Fuxing China 0.17 0.255 Buy PER9x

Wednesday, April 6, 2011

Frasers Commercial Trust (FCOT) - How is this trust faring after shares consolidation?

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

03/09/11 DBS Vickers Frasers Commercial Trust 0.82 1.05 Buy

01/28/11 OCBC Frasers Commercial Trust 0.17 0.18 Buy RNAV (40% discount), Div Yield 7.26%
02/10/11 OCBC Frasers Commercial Trust 0.86 0.9 Buy
02/11/11 OCBC Frasers Commercial Trust 0.85 0.92 Buy RNAV (40% discount)
03/03/11 OCBC Frasers Commercial Trust 0.805 0.92 Buy
03/15/11 OCBC Frasers Commercial Trust 0.79 0.92 Buy Under Review
03/25/11 OCBC Frasers Commercial Trust 0.785 0.92 Buy

01/31/11 phillip Frasers Commercial Trust 0.17 0.18 Hold

Frasers Centrepoint Trust (FCT) - OCBC put a hold on this stock while others put a buy.

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

01/25/11 CIMB Frasers Centrepoint Trust 1.52 1.86 Outperform DDM
03/23/11 CIMB Frasers Centrepoint Trust 1.45 1.86 Outperform DDM

01/25/11 DBS Vickers Frasers Centrepoint Trust 1.52 1.73 Buy
03/09/11 DBS Vickers Frasers Centrepoint Trust 1.51 1.73 Buy
03/23/11 DBS Vickers Frasers Centrepoint Trust 1.45 1.73 Buy

01/25/11 DMG & Partners Frasers Centrepoint Trust 1.52 1.73 Buy DDM

01/25/11 OCBC Frasers Centrepoint Trust 1.52 1.58 Hold
03/25/11 OCBC Frasers Centrepoint Trust 1.46 1.58 Hold

Fortune Reit - Not a fortune afterall.

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

03/15/11 Goldman Sachs Fortune Reit 3.95 4.6 Neutral

Tuesday, April 5, 2011

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

Monday, April 4, 2011

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

Sunday, April 3, 2011

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

Saturday, April 2, 2011

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

Friday, April 1, 2011

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

Thursday, March 31, 2011

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

Wednesday, March 30, 2011

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

Tuesday, March 29, 2011

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

Monday, March 28, 2011

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

Sunday, March 27, 2011

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

Saturday, March 26, 2011

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

Friday, March 25, 2011

China Flexible - Buy call from CIMB.

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

09/17/10 CIMB China Flexible 0.205 0.34 Buy

China Fishery - Only CIMB likes fishing.

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

02/07/11 CIMB China Fishery 2.18 2.55 Outperform PER12.5x

02/07/11 DBS Vickers China Fishery 2.18 2.38 Hold PER13x

02/07/11 DMG & Partners China Fishery 2.14 2.18 Neutral PER10x
02/28/11 DMG & Partners China Fishery 1.91 2.18 Neutral

China Farm - Good to invest in agricultural market.

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

02/08/11 DMG & Partners China Farm 0.255 0.43 Buy PER11x
03/03/11 DMG & Partners China Farm 0.265 0.43 Buy PER11x

Thursday, March 24, 2011

China Environment - Buy call from DMG.

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

02/17/11 DMG & Partners China Environment 0.215 0.29 Under Review
02/18/11 DMG & Partners China Environment 0.21 0.31 Buy PATMI 9x

China Animal - Buy calls from analysts.

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

02/14/11 Amfraser China Animal 0.355 0.47 Buy PER14x

02/09/11 DBS Vickers China Animal 0.36 0.45 Buy PER13x
02/09/11 DBS Vickers China Animal 0.36 0.45 Buy
02/24/11 DBS Vickers China Animal 0.32 0.45 Buy PER13x

01/05/11 DMG & Partners China Animal 0.4 0.48 Buy
02/07/11 DMG & Partners China Animal 0.35 0.48 Buy
02/09/11 DMG & Partners China Animal 0.36 0.48 Buy
02/24/11 DMG & Partners China Animal 0.315 0.48 Buy
02/25/11 DMG & Partners China Animal 0.31 0.48 Buy EV/Ebitda 7x, PER15x
02/28/11 DMG & Partners China Animal 0.31 0.48 Buy
03/21/11 DMG & Partners China Animal 0.29 0.48 Buy

01/27/11 Kim Eng China Animal 0.335 0.48 Buy PER15x
02/24/11 Kim Eng China Animal 0.315 0.48 Buy

CH Offshore - Hold call by DBS Vickers.

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

01/03/11 DBS Vickers CH Offshore 0.48 0.6 Hold
01/31/11 DBS Vickers CH Offshore 0.49 0.6 Hold PER9x

Wednesday, March 23, 2011

Cerebos - CIMB still likes chicken essence.

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

02/02/11 CIMB Cerebos 4.87 7.3 Outperform Sum of parts

CDL Hospitality - Mixed calls by analysts.

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

01/05/11 CIMB CDL Hospitality 2.08 2.21 Neutral DDM
01/27/11 CIMB CDL Hospitality 2.09 2.14 Neutral DDM
03/03/11 CIMB CDL Hospitality 1.94 2.14 Neutral DDM

01/27/11 DBS Vickers CDL Hospitality 2.09 2.3 Buy
03/02/11 DBS Vickers CDL Hospitality 1.97 2.3 Buy
03/03/11 DBS Vickers CDL Hospitality 1.94 2.3 Buy DDM
03/09/11 DBS Vickers CDL Hospitality 2.02 2.3 Buy

01/05/11 DMG & Partners CDL Hospitality 2.04 2.39 Buy
01/26/11 DMG & Partners CDL Hospitality 2.09 2.39 Buy
01/27/11 DMG & Partners CDL Hospitality 2.08 2.39 Buy DDM
03/02/11 DMG & Partners CDL Hospitality 1.97 2.46 Buy
03/03/11 DMG & Partners CDL Hospitality 1.94 2.46 Buy DDM

01/26/11 Lim & Tan CDL Hospitality 2.09 0 Buy
03/02/11 Lim & Tan CDL Hospitality 1.97 0 Buy

02/10/11 Morgan Stanley CDL Hospitality 2.06 2.3 Overweight

03/16/11 OCBC CDL Hospitality 10.52 11.89 Hold

01/05/11 phillip CDL Hospitality 2.08 2.38 Buy PB1.6x
01/27/11 phillip CDL Hospitality 2.09 2.38 Buy

CapitaRetail China - Nobody likes China reit?

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

07/26/10 DBS Vickers CapitaRetail China 1.26 1.26 Hold
10/21/10 DBS Vickers CapitaRetail China 1.25 1.3 Hold
01/27/11 DBS Vickers CapitaRetail China 1.27 1.28 Hold
03/09/11 DBS Vickers CapitaRetail China 1.23 1.28 Hold

Tuesday, March 22, 2011

Capitamalls Asia - CIMB doesn't like this reit.

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

02/17/11 CIMB Capitamalls Asia 1.96 2.15 Underperform RNAV
02/18/11 CIMB Capitamalls Asia 1.92 2.24 Neutral RNAV

02/18/11 DBS Vickers Capitamalls Asia 1.92 2.51 Buy RNAV (10% premium)
03/16/11 DBS Vickers Capitamalls Asia 1.67 2.51 Buy

02/09/11 DIR Capitamalls Asia 2.01 2.65 Outperform

02/17/11 OCBC Capitamalls Asia 1.96 2.4 Under Review
02/18/11 OCBC Capitamalls Asia 1.92 2.15 Buy RNAV
03/16/11 OCBC Capitamalls Asia 1.59 2.15 Buy

Capitamall Trust - Mixed calls for this reit.

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

01/05/11 CIMB Capitamall Trust 1.97 1.98 Underperform DDM
01/21/11 CIMB Capitamall Trust 1.89 1.95 Underperform DDM
03/02/11 CIMB Capitamall Trust 1.86 2 Neutral DDM

03/02/11 Citigroup Capitamall Trust 1.86 2 Buy

01/21/11 DBS Vickers Capitamall Trust 1.89 2.08 Buy
02/16/11 DBS Vickers Capitamall Trust 1.83 2.08 Buy
03/02/11 DBS Vickers Capitamall Trust 1.86 2.08 Buy DCF
03/09/11 DBS Vickers Capitamall Trust 1.84 2.08 Buy

03/04/11 DIR Capitamall Trust 1.8 1.97 Outperform
03/07/11 DIR Capitamall Trust 1.82 1.97 Outperform

01/20/11 DMG & Partners Capitamall Trust 1.9 2.05 Neutral DDM
01/21/11 DMG & Partners Capitamall Trust 1.9 2 Neutral
02/17/11 DMG & Partners Capitamall Trust 1.83 2 Neutral
03/01/11 DMG & Partners Capitamall Trust 1.81 2 Neutral

01/24/11 IIFL Capitamall Trust 1.91 2.38 Buy

01/21/11 Kim Eng Capitamall Trust 1.89 2.32 Buy DDM
01/24/11 Kim Eng Capitamall Trust 1.91 2.32 Buy

03/11/11 Lim & Tan Capitamall Trust 1.83 0 Buy

02/10/11 Morgan Stanley Capitamall Trust 1.89 1.8 Underweight

01/21/11 OCBC Capitamall Trust 1.89 1.96 Hold RNAV
02/22/11 OCBC Capitamall Trust 1.82 1.98 Buy RNAV
02/28/11 OCBC Capitamall Trust 1.78 1.98 Buy
03/02/11 OCBC Capitamall Trust 1.86 2 Buy RNAV
03/03/11 OCBC Capitamall Trust 1.81 2 Buy

02/28/11 UOB Kay Hian Capitamall Trust 1.78 1.85 Sell

Capitaland - Mixed calls for this mega property developer.

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

02/23/11 CIMB Capitaland 3.29 4.04 Neutral RNAV (15% discount)
02/25/11 CIMB Capitaland 3.27 4.04 Neutral RNAV (15% discount)

12/16/10 DBS Vickers Capitaland 3.68 4.95 Buy
12/20/10 DBS Vickers Capitaland 3.62 4.96 Buy
02/22/11 DBS Vickers Capitaland 3.36 4.95 Buy
02/25/11 DBS Vickers Capitaland 3.27 4.76 Buy
03/16/11 DBS Vickers Capitaland 3.26 4.76 Buy

02/24/11 DMG & Partners Capitaland 3.29 4.33 Buy RNAV

02/17/11 Kim Eng Capitaland 3.4 4.3 Buy RNAV
02/23/11 Kim Eng Capitaland 3.29 4.3 Buy RNAV

01/05/11 OCBC Capitaland 3.76 4.48 Buy RNAV
02/23/11 OCBC Capitaland 3.29 4.03 Buy RNAV
03/16/11 OCBC Capitaland 3.13 4.03 Buy

02/23/11 UOB Kay Hian Capitaland 3.28 3.7 Hold

Monday, March 21, 2011

CapitaCommercial - Mixed calls by analysts.

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

01/05/11 CIMB CapitaCommercial 1.54 1.41 Neutral DDM
01/20/11 CIMB CapitaCommercial 1.53 1.38 Underperform DDM
01/28/11 CIMB CapitaCommercial 1.46 1.38 Underperform

03/09/11 DBS Vickers CapitaCommercial 1.45 1.57 Hold

01/19/11 DMG & Partners CapitaCommercial 1.51 1.55 Neutral DDM

01/20/11 Kim Eng CapitaCommercial 1.53 1.25 Hold DDM

01/31/11 Lim & Tan CapitaCommercial 1.46 0 Buy

01/20/11 OCBC CapitaCommercial 1.53 1.61 Buy RNAV
02/10/11 OCBC CapitaCommercial 1.49 1.61 Buy
03/03/11 OCBC CapitaCommercial 1.43 1.61 Buy

Cambridge Industrial - Analysts likes this reit.

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

02/14/11 DBS Vickers Cambridge Industrial 0.515 0.58 Buy DCF
03/09/11 DBS Vickers Cambridge Industrial 0.505 0.58 Buy
03/14/11 DBS Vickers Cambridge Industrial 0.5 0.58 Buy

01/19/11 DMG & Partners Cambridge Industrial 0.52 0.61 Buy
03/11/11 DMG & Partners Cambridge Industrial 0.51 0.61 Buy DDM

02/14/11 phillip Cambridge Industrial 0.515 0.61 Buy Div Yield 9.4%

Cache Logistics - Well-loved by analysts.

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

01/04/11 CIMB Cache Logistics 0.97 1.3 Outperform
01/05/11 CIMB Cache Logistics 0.96 1.3 Outperform DDM
01/28/11 CIMB Cache Logistics 0.99 1.32 Outperform DDM
03/15/11 CIMB Cache Logistics 0.94 1.32 Outperform DDM

01/28/11 DBS Vickers Cache Logistics 0.99 1.11 Buy
03/09/11 DBS Vickers Cache Logistics 0.95 1.11 Buy

03/14/11 OCBC Cache Logistics 0.935 1.03 Buy RNAV
03/18/11 OCBC Cache Logistics 0.92 1.04 Buy RNAV

Sunday, March 20, 2011

C&O Pharm - Buy call from Phillip.

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

02/14/11 phillip C&O Pharm 0.42 0.65 Buy PER13.7x

Bukit Sembawang - Mixed calls by analysts.

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

01/10/11 CIMB Bukit Sembawang 4.77 5.86 Outperform RNAV (30% discount)

03/16/11 DBS Vickers Bukit Sembawang 4.35 5.25 Hold

Broadway - Mixed calls by analysts.

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

02/17/11 CIMB Broadway 0.99 1.84 Outperform PER8x

02/17/11 DBS Vickers Broadway 0.99 0.91 Hold PER4.5x

02/21/11 DMG & Partners Broadway 1.06 1.27 Buy PER7.1x

02/17/11 Lim & Tan Broadway 0.99 0 Neutral

02/22/11 NRA Broadway 1 1.93 Buy PER8x

Saturday, March 19, 2011

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 18/03/2011 show the inflows and outflows of funds in the stock markets by displaying the moving averages of 100-day volumes (blue line).  The flows of funds usually determine the future trajectories of a stock market.

Breadtalk - Do you still like pork floss bun?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
 
02/25/11 Kim Eng Breadtalk 0.61 0 Under Review
 
03/10/11 OCBC Breadtalk 0.66 0.74 Buy DCF

Boustead - Mixed calls from analysts.

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

02/15/11 DBS Vickers Boustead 1.06 1.1 Hold Sum of parts
02/22/11 DBS Vickers Boustead 1.02 1.1 Hold

01/03/11 Kim Eng Boustead 1.1 1.39 Buy Sum of parts, PER10.9x
01/27/11 Kim Eng Boustead 1.11 1.39 Buy Sum of parts
02/15/11 Kim Eng Boustead 1.06 1.39 Buy
03/01/11 Kim Eng Boustead 0.935 1.39 Buy Under Review

Biosensors - Mixed calls from analysts.

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

01/31/11 DBS Vickers Biosensors 1.14 1.2 Hold
02/18/11 DBS Vickers Biosensors 1.04 1.13 Hold Sum of parts

01/31/11 OCBC Biosensors 1.14 1.36 Buy DCF
02/18/11 OCBC Biosensors 1.04 1.36 Under Review
02/21/11 OCBC Biosensors 1.01 1.36 Buy
03/14/11 OCBC Biosensors 1.18 1.36 Buy

Friday, March 18, 2011

Beyonics - No cure for this company.

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

03/07/11 Lim & Tan Beyonics 0.195 0 Sell
03/14/11 Lim & Tan Beyonics 0.17 0 Sell

Berlian Laju - CIMB downgraded this shipper due to change in government regulation.

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

03/11/11 CIMB Berlian Laju 0.05 0.05 Trading Sell

BBR - DMG upgraded the target price.

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

02/17/11 DMG & Partners BBR 0.27 0.33 Buy PER6.5x
02/28/11 DMG & Partners BBR 0.265 0.45 Buy PER6.5x
03/10/11 DMG & Partners BBR 0.19 0.45 Buy

Thursday, March 17, 2011

Baltic Dry Index (BDI) - 1548

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for a second day on Tuesday in slower activity with the market still assessing Japan's earthquake.


The index fell by 0.71 per cent or 11 points to 1,548 points. Prior to the move lower it had risen for 11 consecutive sessions.

End Quote.

Avi-Tech - Buy call from OCBC.

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

01/04/11 OCBC Avi-Tech 0.195 0.28 Buy NTA1.5x
02/11/11 OCBC Avi-Tech 0.195 0.28 Under Review
02/15/11 OCBC Avi-Tech 0.19 0.28 Buy NTA1x

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

Wednesday, March 16, 2011

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

Tuesday, March 15, 2011

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

Monday, March 14, 2011

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

Sunday, March 13, 2011

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

Saturday, March 12, 2011

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

Friday, March 11, 2011

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