Baltic Dry Index (BDI) rose to 2504!

Quote:

The Baltic Dry Index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, rose 2.16 per cent, to 2,504, driven mainly by its Capesize component, which rose 7.32 per cent to 3,431 points.

End Quote

Heeton - Buy call from Westcomb.

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

03/24/10 Westcomb Heeton 0.445 0.75 Buy RNAV (35% discount)

Healthway Medical - Good health equates to good stock!

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

01/04/10 DMG & Partners Healthway Medical 0.16 0.28 Buy PER25x
01/28/10 DMG & Partners Healthway Medical 0.17 0.21 Buy DCF
03/08/10 DMG & Partners Healthway Medical 0.165 0.26 Buy DCF
03/17/10 DMG & Partners Healthway Medical 0.17 0.3 Buy DCF
05/26/10 DMG & Partners Healthway Medical 0.14 0.3 Buy
08/23/10 DMG & Partners Healthway Medical 0.18 0.23 Buy DCF

Guocoland - A no man's land?

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

03/08/10 DBS Vickers Guocoland 2.22 2.09 Hold
04/23/10 DBS Vickers Guocoland 2.36 2.08 Hold
06/16/10 DBS Vickers Guocoland 2.12 2.08 Hold
07/16/10 DBS Vickers Guocoland 2.16 2.08 Hold

Goodpack - As good as it gets!

05/24/10 AmFraser Goodpack 1.44 1.5 Accumulate PER15.7x

05/27/10 CIMB Goodpack 1.43 1.89 Outperform PER19x
08/06/10 CIMB Goodpack 1.74 1.89 Outperform
08/30/10 CIMB Goodpack 1.89 1.94 Neutral PER19x
09/08/10 CIMB Goodpack 1.86 2.05 Outperform PER19x

02/10/10 DMG & Partners Goodpack 1.36 1.85 Buy DCF (25% discount)
05/17/10 DMG & Partners Goodpack 1.56 1.85 Buy
05/24/10 DMG & Partners Goodpack 1.44 1.85 Buy PER16.1x
06/21/10 DMG & Partners Goodpack 1.65 1.85 Buy
08/30/10 DMG & Partners Goodpack 1.89 1.82 Neutral DCF

02/04/10 Kim Eng Goodpack 1.26 1.98 Buy PER20x
02/11/10 Kim Eng Goodpack 1.33 2.1 Buy PER20x
03/19/10 Kim Eng Goodpack 1.62 2.18 Buy PER20x
05/17/10 Kim Eng Goodpack 1.56 2.18 Buy PER20x
06/04/10 Kim Eng Goodpack 1.64 2.18 Buy PER20x
06/22/10 Kim Eng Goodpack 1.7 2.18 Buy PER20x
08/30/10 Kim Eng Goodpack 1.89 2.4 Buy PER22x

02/10/10 OCBC Goodpack 1.36 1.51 Buy DCF
05/18/10 OCBC Goodpack 1.54 1.77 Buy DCF
09/02/10 OCBC Goodpack 1.93 2.13 Buy

Golden Agri - Is plantation stock as good as gold?

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

02/02/10 CIMB Golden Agri 0.52 0.69 Trading Buy
03/24/10 CIMB Golden Agri 0.56 0.69 Trading Buy PER18x
03/26/10 CIMB Golden Agri 0.54 0.69 Trading Buy
05/13/10 CIMB Golden Agri 0.55 0.72 Outperform PER18x
05/18/10 CIMB Golden Agri 0.54 0.72 Outperform PER18x
06/21/10 CIMB Golden Agri 0.54 0.62 Outperform PER15x
08/11/10 CIMB Golden Agri 0.6 0.62 Trading Buy PER15x
09/28/10 CIMB Golden Agri 0.565 0.62 Trading Buy PER15x

02/03/10 DMG & Partners Golden Agri 0.505 0.635 Buy
02/26/10 DMG & Partners Golden Agri 0.54 0.68 Trading Buy PER15x
05/13/10 DMG & Partners Golden Agri 0.55 0.68 Buy PER12x
08/12/10 DMG & Partners Golden Agri 0.57 0.68 Buy
08/18/10 DMG & Partners Golden Agri 0.575 0.68 Buy
08/23/10 DMG & Partners Golden Agri 0.56 0.5 Neutral PER11x
09/14/10 DMG & Partners Golden Agri 0.585 0.68 Trading Buy PER15x

09/06/10 Lim & Tan Golden Agri 0.575 0 Neutral

01/08/10 OCBC Golden Agri 0.585 0.66 Buy PER16x
02/26/10 OCBC Golden Agri 0.54 0.66 Buy
03/22/10 OCBC Golden Agri 0.565 0.66 Buy
04/06/10 OCBC Golden Agri 0.61 0.72 Buy PER17x
04/28/10 OCBC Golden Agri 0.6 0.72 Buy
06/21/10 OCBC Golden Agri 0.54 0.72 Buy
07/22/10 OCBC Golden Agri 0.565 0.72 Buy
08/12/10 OCBC Golden Agri 0.57 0.655 Buy PER16x
09/02/10 OCBC Golden Agri 0.56 0.655 Buy

01/04/10 phillip Golden Agri 0.51 0.62 Buy PER17.45x, PB1.03x
03/02/10 phillip Golden Agri 0.54 0.46 Hold DCF
05/13/10 phillip Golden Agri 0.55 0.66 Buy DCF
08/12/10 phillip Golden Agri 0.57 0.61 Hold DCF

Genting - The most hyped stock in Singapore!

01/05/10 AmFraser Genting 1.28 1.28 Under Review
05/14/10 AmFraser Genting 0.98 0.98 Hold
08/13/10 AmFraser Genting 1.28 2.13 Buy

01/14/10 CIMB Genting 1.24 1.5 Outperform Ebitda 20x
01/27/10 CIMB Genting 1.1 1.5 Trading Buy Sum of parts
02/09/10 CIMB Genting 1.09 1.5 Trading Buy Sum of parts
03/18/10 CIMB Genting 0.97 1.23 Trading Buy
04/29/10 CIMB Genting 0.87 1.23 Outperform Sum of parts
05/11/10 CIMB Genting 0.96 1.23 Outperform
05/14/10 CIMB Genting 0.975 1.38 Outperform Sum of aparts
05/18/10 CIMB Genting 0.99 1.38 Outperform
08/25/10 CIMB Genting 1.54 1.88 Outperform Sum of parts

01/22/10 Citigroup Genting 1.23 0.8 Sell
02/22/10 Citigroup Genting 0.97 0.76 Sell Sum of parts/DCF
08/13/10 Citigroup Genting 1.46 1.55 Buy EV/Ebitda12.5x
09/15/10 Citigroup Genting 2.03 2.45 Buy Sum of parts & DCF

02/08/10 DBS Vickers Genting 1.09 1.2 Hold Sum of parts
02/22/10 DBS Vickers Genting 0.94 1.07 Hold Sum of parts
03/08/10 DBS Vickers Genting 0.9 1.07 Hold Sum of parts
03/19/10 DBS Vickers Genting 0.97 1.07 Hold Sum of parts
03/22/10 DBS Vickers Genting 0.97 1.07 Hold Sum of parts
05/14/10 DBS Vickers Genting 0.975 1.2 Buy Sum of parts
06/23/10 DBS Vickers Genting 1.15 1.2 Buy
08/10/10 DBS Vickers Genting 1.26 1.6 Buy Sum of parts
08/13/10 DBS Vickers Genting 1.28 2 Buy Sum of parts
08/20/10 DBS Vickers Genting 1.55 2 Buy
08/23/10 DBS Vickers Genting 1.5 2 Buy
09/16/10 DBS Vickers Genting 1.97 2.36 Buy EV/Ebitda16.5x
09/27/10 DBS Vickers Genting 2.01 2.36 Buy

01/29/10 DMG & Partners Genting 1.08 1.22 Trading Buy
05/14/10 DMG & Partners Genting 0.975 1.26 Buy
08/13/10 DMG & Partners Genting 1.28 2.02 Buy Sum of parts
09/17/10 DMG & Partners Genting 2.03 2.65 Buy Sum of parts
09/20/10 DMG & Partners Genting 2.09 2.65 Buy

07/26/10 Goldman Sachs Genting 1.21 1.15 Neutral

07/02/10 Macquarie Genting 1.18 1.3 Buy

07/08/10 Merrill Lynch Genting 1.19 1.4 Buy Sum of parts, EV/Ebitda 14x

08/20/10 Nomura Genting 1.55 1.01 Reduce
09/16/10 Nomura Genting 1.97 1.01 Reduce EV/Ebitda12x

02/08/10 OCBC Genting 1.09 1.39 Buy
02/22/10 OCBC Genting 0.94 1.04 Buy DCF
03/08/10 OCBC Genting 0.905 1.04 Buy
03/18/10 OCBC Genting 0.94 1.04 Buy
05/27/10 OCBC Genting 1 1.29 Buy
07/05/10 OCBC Genting 1.16 1.34 Buy DCF
08/13/10 OCBC Genting 1.28 1.66 Buy DCF
08/26/10 OCBC Genting 1.58 1.85 Buy DCF
09/02/10 OCBC Genting 1.69 1.85 Buy

08/13/10 RHB Genting 1.28 2.4 Outperform EV/Ebitda & DCF

08/20/10 UOB Kay Hian Genting 1.55 1.58 Hold

Fuxing - Buy call from DMG!

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

08/11/10 DMG & Partners Fuxing 0.155 0.255 Buy Net cash PER6x

Frasers Commercial Trust - Worse than FCT?

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

01/28/10 DBS Vickers Frasers Commercial Trust 0.15 0.14 Hold
04/23/10 DBS Vickers Frasers Commercial Trust 0.14 0.16 Hold
07/30/10 DBS Vickers Frasers Commercial Trust 0.15 0.16 Hold

02/03/10 phillip Frasers Commercial Trust 0.15 0.18 Buy DCF
04/26/10 phillip Frasers Commercial Trust 0.155 0.18 Buy
07/30/10 phillip Frasers Commercial Trust 0.15 0.17 Hold

Frasers Centrepoint Trust - Is this really so good that all analysts love it?

01/26/10 CIMB Frasers Centrepoint Trust 1.4 1.73 Outperform DDM
03/25/10 CIMB Frasers Centrepoint Trust 1.36 1.73 Outperform
05/18/10 CIMB Frasers Centrepoint Trust 1.35 1.73 Outperform
07/26/10 CIMB Frasers Centrepoint Trust 1.39 1.84 Outperform DDM

01/04/10 DBS Vickers Frasers Centrepoint Trust 1.29 1.49 Buy
04/09/10 DBS Vickers Frasers Centrepoint Trust 1.32 1.63 Buy
04/15/10 DBS Vickers Frasers Centrepoint Trust 1.37 1.63 Buy
06/04/10 DBS Vickers Frasers Centrepoint Trust 1.29 1.63 Buy
07/26/10 DBS Vickers Frasers Centrepoint Trust 1.39 1.66 Buy
08/23/10 DBS Vickers Frasers Centrepoint Trust 1.41 1.66 Buy
08/31/10 DBS Vickers Frasers Centrepoint Trust 1.38 1.66 Buy

01/07/10 DMG & Partners Frasers Centrepoint Trust 1.45 1.66 Buy DDM
04/26/10 DMG & Partners Frasers Centrepoint Trust 1.38 1.66 Buy DDM
07/22/10 DMG & Partners Frasers Centrepoint Trust 1.39 1.66 Buy
07/26/10 DMG & Partners Frasers Centrepoint Trust 1.39 1.66 Buy DDM

01/04/10 OCBC Frasers Centrepoint Trust 1.4 1.3 Hold
01/26/10 OCBC Frasers Centrepoint Trust 1.4 1.47 Hold DCF
01/27/10 OCBC Frasers Centrepoint Trust 1.4 1.5 Buy
03/04/10 OCBC Frasers Centrepoint Trust 1.37 1.5 Buy
03/17/10 OCBC Frasers Centrepoint Trust 1.33 1.5 Buy
04/14/10 OCBC Frasers Centrepoint Trust 1.35 1.5 Buy
05/12/10 OCBC Frasers Centrepoint Trust 1.33 1.5 Buy
06/17/10 OCBC Frasers Centrepoint Trust 1.35 1.5 Buy
07/12/10 OCBC Frasers Centrepoint Trust 1.37 1.5 Buy
09/02/10 OCBC Frasers Centrepoint Trust 1.39 1.49 Buy

Fortune Reit - Really so fortunate?

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

01/27/10 DBS Vickers Fortune Reit 3.08 3.71 Buy DDM

FJ Benjamin - Fashion is vogue!

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

02/17/10 DMG & Partners FJ Benjamin 0.255 0.46 Buy DCF
05/11/10 DMG & Partners FJ Benjamin 0.325 0.46 Buy
08/24/10 DMG & Partners FJ Benjamin 0.365 0.52 Buy DCF

02/12/10 Kim Eng FJ Benjamin 0.255 0.42 Buy DCF
05/11/10 Kim Eng FJ Benjamin 0.325 0.45 Buy DCF
07/15/10 Kim Eng FJ Benjamin 0.325 0.66 Buy DCF
08/24/10 Kim Eng FJ Benjamin 0.34 0.6 Buy DCF

First Ship Lease Trust - Hold calls by analysts

01/26/10 DBS Vickers First Ship Lease Trust 0.6 0.78 Buy
04/21/10 DBS Vickers First Ship Lease Trust 0.64 0.78 Buy
05/05/10 DBS Vickers First Ship Lease Trust 0.545 0.55 Hold 12% Yield
06/10/10 DBS Vickers First Ship Lease Trust 0.395 0.36 Fully Valued
07/27/10 DBS Vickers First Ship Lease Trust 0.42 0.4 Fully Valued

01/26/10 OCBC First Ship Lease Trust 0.6 0.53 Hold
03/19/10 OCBC First Ship Lease Trust 0.61 0.53 Hold
04/16/10 OCBC First Ship Lease Trust 0.65 0.53 Hold
04/22/10 OCBC First Ship Lease Trust 0.635 0.59 Hold FCFE Model (20% discount)
05/11/10 OCBC First Ship Lease Trust 0.505 0.48 Hold FCFE Model (25% discount)
05/19/10 OCBC First Ship Lease Trust 0.48 0.48 Hold

First Resources - Does this stock really a first choice?

01/18/10 DBS Vickers First Resources 1.24 1.16 Hold DCF
03/02/10 DBS Vickers First Resources 1.04 1.29 Buy
05/12/10 DBS Vickers First Resources 1.06 1.36 Buy
08/03/10 DBS Vickers First Resources 1.14 1.35 Buy DCF

01/13/10 DMG & Partners First Resources 1.23 1.4 Buy PER15x
03/03/10 DMG & Partners First Resources 1.03 1.4 Buy PER15x
04/09/10 DMG & Partners First Resources 1.17 1.5 Buy PER15x
05/12/10 DMG & Partners First Resources 1.07 1.4 Buy PER15x
05/14/10 DMG & Partners First Resources 1.1 1.4 Buy PER15x
06/15/10 DMG & Partners First Resources 1.07 1.4 Buy PER15x
08/17/10 DMG & Partners First Resources 1.13 1.54 Buy PER15x

09/06/10 UOB Kay Hian First Resources 1.13 1.13 Hold Buy @ $1

Falcon Energy - Soars like a bird?

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

04/12/10 Kim Eng Falcon 0.705 0.99 Buy PER11x, PEG0.4x
05/13/10 Kim Eng Falcon 0.635 0.99 Buy PER11x
08/16/10 Kim Eng Falcon 0.555 0.85 Buy PER10x

Baltic Dry Index (BDI) - 2628

BDI fell to 2628 on Monday, 20 Sep 2010.

F&N - Drink & Property stock!

01/08/10 CIMB F & N 4.37 5.01 Outperform RNAV
03/05/10 CIMB F & N 4.35 5.31 Outperform RNAV
04/16/10 CIMB F & N 4.96 5.31 Outperform
04/19/10 CIMB F & N 4.89 5.31 Outperform
05/10/10 CIMB F & N 4.65 5.31 Outperform
05/17/10 CIMB F & N 4.7 5.9 Outperform Sum of parts
05/18/10 CIMB F & N 4.7 5.9 Outperform
05/18/10 CIMB F & N 4.73 5.9 Outperform
05/18/10 CIMB F & N 4.7 5.9 Outperform
06/14/10 CIMB F & N 4.91 5.9 Outperform
06/23/10 CIMB F & N 5.14 6.15 Outperform Sum of parts, PB1.1x
06/28/10 CIMB F & N 5.2 6.22 Outperform Sum of parts
07/19/10 CIMB F & N 5.47 6.34 Outperform Sum of parts
07/27/10 CIMB F & N 5.67 6.41 Outperform Sum of parts
08/16/10 CIMB F & N 5.7 6.41 Outperform Sum of parts

03/29/10 DBS Vickers F & N 4.66 5.48 Buy RNAV (10% discount)
04/08/10 DBS Vickers F & N 4.97 5.48 Buy
05/17/10 DBS Vickers F & N 4.7 5.49 Buy RNAV (10% discount)
07/19/10 DBS Vickers F & N 5.47 5.9 Buy RNAV (10% discount)
07/27/10 DBS Vickers F & N 5.67 6.6 Buy Sum of parts
08/20/10 DBS Vickers F & N 5.54 6.4 Buy

07/27/10 Deutsche F & N 5.67 6.3 Buy

03/31/10 DMG & Partners F & N 4.72 5.3 Buy Sum of parts
04/06/10 DMG & Partners F & N 5.05 5.3 Buy Sum of parts
04/16/10 DMG & Partners F & N 4.96 5.3 Buy
05/14/10 DMG & Partners F & N 4.7 5.3 Buy Sum of parts
07/27/10 DMG & Partners F & N 5.67 5.3 Neutral RNAV
08/05/10 DMG & Partners F & N 5.66 6 Neutral PER22x
08/16/10 DMG & Partners F & N 5.7 6 Neutral Sum of parts
08/27/10 DMG & Partners F & N 5.55 6 Neutral Sum of parts

02/12/10 Kim Eng F & N 3.92 4.28 Hold RNAV
05/17/10 Kim Eng F & N 4.7 4.71 Neutral RNAV
08/16/10 Kim Eng F & N 5.7 6.5 Buy

07/27/10 Lim & Tan F & N 5.67 0 Buy
09/17/10 Lim & Tan F & N 6.14 0 Buy

Ezra - Buy calls from all analysts!

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

01/15/10 CIMB Ezra 2.49 3.08 Outperform
01/20/10 CIMB Ezra 2.52 3.08 Outperform Sum of parts
02/08/10 CIMB Ezra 2.15 3.12 Outperform Sum of parts
04/12/10 CIMB Ezra 2.55 3.13 Outperform Sum of parts
05/14/10 CIMB Ezra 1.97 3.13 Outperform
05/18/10 CIMB Ezra 1.96 3.13 Outperform
05/31/10 CIMB Ezra 1.71 3.13 Outperform
06/08/10 CIMB Ezra 1.77 3.13 Outperform
07/13/10 CIMB Ezra 1.81 3.13 Outperform Sum of parts
07/22/10 CIMB Ezra 1.89 3.13 Outperform Sum of parts
08/06/10 CIMB Ezra 1.99 3.13 Outperform
08/19/10 CIMB Ezra 1.84 3.13 Outperform
09/01/10 CIMB Ezra 1.77 2.6 Outperform Sum of parts

01/04/10 DBS Vickers Ezra 2.19 2.77 Buy
01/15/10 DBS Vickers Ezra 2.49 2.77 Hold
02/08/10 DBS Vickers Ezra 2.15 2.75 Buy Sum of parts, PER13x
03/08/10 DBS Vickers Ezra 2.32 2.75 Buy
04/12/10 DBS Vickers Ezra 2.55 2.62 Hold
06/15/10 DBS Vickers Ezra 1.82 2.5 Buy
07/13/10 DBS Vickers Ezra 1.81 2.5 Buy
07/22/10 DBS Vickers Ezra 1.89 2.5 Buy PER12.7x
09/03/10 DBS Vickers Ezra 1.74 2.44 Buy Ex-Rights, $2.05

01/29/10 DMG & Partners Ezra 2.19 2.91 Buy Sum of parts, PER12.2x
04/01/10 DMG & Partners Ezra 2.44 2.96 Buy
04/23/10 DMG & Partners Ezra 2.17 2.8 Buy
05/03/10 DMG & Partners Ezra 2.09 2.8 Buy
05/06/10 DMG & Partners Ezra 2.03 2.8 Buy
06/01/10 DMG & Partners Ezra 1.68 2.8 Buy Sum of parts, PER12.8x
06/17/10 DMG & Partners Ezra 1.94 2.8 Buy
07/12/10 DMG & Partners Ezra 1.81 2.54 Buy Sum of parts
07/13/10 DMG & Partners Ezra 1.81 2.54 Buy Sum of parts
09/01/10 DMG & Partners Ezra 1.77 2.54 Buy Ex-Rights $2.32
09/09/10 DMG & Partners Ezra 1.73 2.2 Buy Sum of parts, Ex-Rights $2.03

01/20/10 OCBC Ezra 2.52 2.54 Hold
02/03/10 OCBC Ezra 2.07 2.54 Buy
03/05/10 OCBC Ezra 2.21 2.54 Buy
03/18/10 OCBC Ezra 2.48 2.88 Buy Blended PE
05/06/10 OCBC Ezra 2.03 2.81 Buy
05/20/10 OCBC Ezra 1.82 2.81 Buy
06/09/10 OCBC Ezra 1.79 2.81 Buy
07/08/10 OCBC Ezra 1.74 2.81 Buy
07/13/10 OCBC Ezra 1.81 2.81 Buy
07/15/10 OCBC Ezra 1.89 2.81 Buy
09/02/10 OCBC Ezra 1.77 2.52 Buy
09/13/10 OCBC Ezra 1.74 2.52 Buy

07/23/10 UOB Kay Hian Ezra 1.96 2.5 Buy Sum of parts

Ezion - Buy calls from all analysts!

01/18/10 CIMB Ezion 0.83 1 Outperform PER10x
03/02/10 CIMB Ezion 0.75 0.93 Outperform PER10x
04/28/10 CIMB Ezion 0.74 0.98 Outperform PER12x
05/14/10 CIMB Ezion 0.71 0.98 Outperform
05/18/10 CIMB Ezion 0.71 0.98 Outperform
05/31/10 CIMB Ezion 0.61 0.98 Outperform
06/08/10 CIMB Ezion 0.6 0.98 Outperform
07/21/10 CIMB Ezion 0.71 0.99 Outperform PER12x
07/27/10 CIMB Ezion 0.71 0.97 Outperform PER12x
08/06/10 CIMB Ezion 0.68 0.97 Outperform
08/19/10 CIMB Ezion 0.64 0.98 Outperform

02/25/10 DBS Vickers Ezion 0.74 0.92 Buy PER12x
05/14/10 DBS Vickers Ezion 0.71 0.87 Buy PER12x
07/14/10 DBS Vickers Ezion 0.665 0.88 Buy PER12x
07/27/10 DBS Vickers Ezion 0.705 0.86 Buy PER12x
08/13/10 DBS Vickers Ezion 0.64 0.86 Buy PER12x
09/01/10 DBS Vickers Ezion 0.61 0.82 Buy PER12x

06/16/10 DMG & Partners Ezion 0.635 0.87 Buy PER14x
06/17/10 DMG & Partners Ezion 0.66 0.87 Buy
07/15/10 DMG & Partners Ezion 0.665 0.87 Buy PER14x
07/20/10 DMG & Partners Ezion 0.69 0.87 Buy
07/21/10 DMG & Partners Ezion 0.69 0.87 Buy PER14x
07/27/10 DMG & Partners Ezion 0.705 0.85 Buy PER14x
08/13/10 DMG & Partners Ezion 0.64 0.89 Buy PER14x

09/02/10 Dnb Nor Ezion 0.61 0.9 Buy

02/25/10 Kim Eng Ezion 0.74 0.99 Buy PER15x
03/02/10 Kim Eng Ezion 0.75 0.99 Buy
04/06/10 Kim Eng Ezion 0.785 0.99 Buy
04/28/10 Kim Eng Ezion 0.74 0.99 Buy
05/14/10 Kim Eng Ezion 0.71 0.99 Buy PEG0.25x
07/14/10 Kim Eng Ezion 0.665 0.99 Buy PEG0.25x
07/27/10 Kim Eng Ezion 0.705 0.99 Buy PEG0.25x
08/13/10 Kim Eng Ezion 0.64 0.99 Buy PEG0.25x

06/30/10 OCBC Ezion 0.625 0.81 Buy PER12x
07/08/10 OCBC Ezion 0.63 0.81 Buy
07/14/10 OCBC Ezion 0.665 0.81 Buy
07/15/10 OCBC Ezion 0.7 0.81 Buy
09/02/10 OCBC Ezion 0.61 0.79 Buy
09/13/10 OCBC Ezion 0.655 0.79 Buy

09/01/10 Pareto Ezion 0.61 0.85 Buy PER8.3x

Epure - Well-loved by analysts!

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

02/04/10 CIMB Epure 0.9 1.28 Outperform PER20x
03/01/10 CIMB Epure 0.81 1.33 Outperform PER20x

01/04/10 DBS Vickers Epure 0.69 0.71 Buy
01/07/10 DBS Vickers Epure 0.825 1.1 Buy PER29x
01/08/10 DBS Vickers Epure 0.825 1.1 Buy
02/02/10 DBS Vickers Epure 0.905 1.2 Buy PER26x

02/08/10 phillip Epure 0.83 1.08 Buy DCF
03/04/10 phillip Epure 0.86 1.1 Buy DCF

Elec & Eltek - Time to invest in electronics sector?

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

02/26/10 CIMB Elec & Eltek 1.87 2.85 Outperform PER8x
03/11/10 CIMB Elec & Eltek 2.2 2.85 Outperform
04/29/10 CIMB Elec & Eltek 2.22 3.48 Outperform PER8x
05/03/10 CIMB Elec & Eltek 2.39 3.48 Outperform PER8x
05/18/10 CIMB Elec & Eltek 2.35 3.48 Outperform
07/23/10 CIMB Elec & Eltek 2.53 3.48 Outperform PER8x
07/29/10 CIMB Elec & Eltek 2.77 4.04 Outperform PER8x
08/03/10 CIMB Elec & Eltek 2.97 4.04 Outperform PER8x
09/16/10 CIMB Elec & Eltek 2.67 4.04 Outperform PER8x

02/26/10 Lim & Tan Elec & Eltek 1.87 0 Buy
04/29/10 Lim & Tan Elec & Eltek 2.22 0 Buy
07/29/10 Lim & Tan Elec & Eltek 2.77 0 Buy

Baltic Dry Index (BDI) - 2676 on 17/09/2010

Baltic Dry Index had fallen to 2676 on Friday, 17/09/2010.

Design Studio - The more MICEs, the better!

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

02/25/10 Kim Eng Design Studio 0.635 1 Buy PER7.5x
03/15/10 Kim Eng Design Studio 0.605 1 Buy PER7.5x
06/17/10 Kim Eng Design Studio 0.475 0.9 Buy PER7.5x
07/01/10 Kim Eng Design Studio 0.565 0.9 Buy PER7.5x

Debao Property - A good china developer?

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

07/02/10 UOB Kay Hian Debao Property 0.295 0.37 Buy RNAV (40% discount)

DBS - How is this bank stock performing?

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

02/05/10 CIMB DBS 14.2 16.28 Neutral PB1.4x
02/08/10 CIMB DBS 14.04 14.88 Underperform PB1.3x
04/30/10 CIMB DBS 15.3 14.88 Underperform
05/06/10 CIMB DBS 14.64 14.88 Underperform
05/18/10 CIMB DBS 14.36 14.88 Underperform
06/03/10 CIMB DBS 13.52 13.97 Underperform PB1.23x
07/30/10 CIMB DBS 14.5 13.97 Underperform PB1.23x
08/02/10 CIMB DBS 14.4 14.03 Underperform PB1.28x
08/05/10 CIMB DBS 14.5 14.03 Underperform PB1.28x

01/27/10 DMG & Partners DBS 14.7 14 Neutral BV1.3x
02/05/10 DMG & Partners DBS 14.2 14 Neutral
03/31/10 DMG & Partners DBS 14.56 14 Neutral
04/30/10 DMG & Partners DBS 15.3 14 Neutral PB1.3x
05/07/10 DMG & Partners DBS 14.36 13.6 Neutral PB1.25x
05/10/10 DMG & Partners DBS 14.36 13.6 Neutral PB1.25x
05/11/10 DMG & Partners DBS 14.36 13.6 Neutral PB1.25x
06/01/10 DMG & Partners DBS 13.78 13.6 Neutral
07/15/10 DMG & Partners DBS 14.78 13.6 Neutral
07/30/10 DMG & Partners DBS 14.5 13.6 Neutral
08/02/10 DMG & Partners DBS 14.4 13.4 Neutral PB1.25x
08/05/10 DMG & Partners DBS 14.4 13.4 Neutral PB1.25x

02/08/10 Kim Eng DBS 14.04 17.4 Buy PB1.5x
03/08/10 Kim Eng DBS 14.06 17.4 Buy PB1.5x
05/10/10 Kim Eng DBS 14.36 17.8 Buy PB1.58x
08/02/10 Kim Eng DBS 14.4 17.4 Buy PB1.58x

06/07/10 Lim & Tan DBS 13.78 0 Buy
07/30/10 Lim & Tan DBS 14.5 0 Buy

02/02/10 OCBC DBS 14.16 16.6 Buy PB1.5x
02/08/10 OCBC DBS 14.04 16.6 Buy
05/10/10 OCBC DBS 14.36 16.6 Buy
09/02/10 OCBC DBS 13.88 16 Buy

01/19/10 phillip DBS 15.14 14.55 Hold NAV1.31x
02/08/10 phillip DBS 14.04 14.55 Hold NAV1.32x, Gordon Growth Model
05/03/10 phillip DBS 15.3 14.55 Hold Gordon Growth Model
05/10/10 phillip DBS 14.36 14.55 Hold Gordon Growth Model
08/02/10 phillip DBS 14.4 14.55 Hold

Datapulse - Lim & Tan upgraded this stock.

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

03/03/10 Lim & Tan Datapulse 0.235 0 Sell
09/13/10 Lim & Tan Datapulse 0.215 0 Neutral

Dapai - CIMB had ceased coverage on this stock

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

08/13/10 CIMB Dapai 0.23 0.36 Outperform PER5x, Cease coverage

Baltic Dry Index - 2940!

Quote:

The index dropped 1.2 per cent, the most since Aug 26, to 2,940 points, according to the Baltic Exchange in London.

End Quote

Dairy Farm - Hold call by citigroup

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

03/29/10 Citigroup Dairy Farm 6.53 6.7 Hold

CWT - A good warehousing & logistical stock to invest in?

04/13/10 CIMB CWT 1.09 1 Underperform PER14x
05/07/10 CIMB CWT 0.9 1.03 Neutral PER14x
05/18/10 CIMB CWT 0.96 1.03 Neutral
06/11/10 CIMB CWT 0.88 1.03 Outperform PER14x
08/06/10 CIMB CWT 1.01 1.03 Neutral PER14x

01/28/10 DMG & Partners CWT 0.875 1.19 Buy PER16.6x
03/19/10 DMG & Partners CWT 1.04 1.19 Buy
05/10/10 DMG & Partners CWT 0.87 1.1 Buy PER18.1x
07/20/10 DMG & Partners CWT 0.91 1.1 Buy PER18x
08/06/10 DMG & Partners CWT 1.01 1.16 Buy PER16.6x

01/26/10 Kim Eng CWT 0.895 1.08 Buy PER15x
02/02/10 Kim Eng CWT 0.93 1.23 Buy
02/26/10 Kim Eng CWT 0.9 1.32 Buy PER18x
03/25/10 Kim Eng CWT 1.07 1.3 Buy
05/07/10 Kim Eng CWT 0.895 1.25 Buy PER18x
08/06/10 Kim Eng CWT 1.01 1.4 Buy Sum of parts
09/06/10 Kim Eng CWT 0.91 1.34 Buy

CSE Global - Buy calls from CIMB & DBS Vickers

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

01/07/10 CIMB CSE Global 0.96 1.37 Outperform PER11x
02/26/10 CIMB CSE Global 0.88 1.37 Outperform PER11x
03/25/10 CIMB CSE Global 0.97 1.42 Outperform PER11x
04/05/10 CIMB CSE Global 1.02 1.42 Outperform PER11x
04/08/10 CIMB CSE Global 1.16 1.55 Outperform PER12x
04/15/10 CIMB CSE Global 1.19 1.55 Outperform PER12x
05/10/10 CIMB CSE Global 0.95 1.55 Outperform PER12x
05/14/10 CIMB CSE Global 1.01 1.55 Outperform
05/18/10 CIMB CSE Global 0.98 1.55 Outperform
05/18/10 CIMB CSE Global 1 1.55 Outperform
05/31/10 CIMB CSE Global 0.865 1.55 Outperform PER12x
08/12/10 CIMB CSE Global 0.94 1.55 Outperform PER12x

01/04/10 DBS Vickers CSE Global 0.85 1.18 Buy
02/26/10 DBS Vickers CSE Global 0.88 1.18 Buy PER12.5x
03/25/10 DBS Vickers CSE Global 0.97 1.25 Buy PER11x
05/11/10 DBS Vickers CSE Global 0.98 1.27 Buy PER12x
08/12/10 DBS Vickers CSE Global 0.935 1.27 Buy PER12x

CSC - DMG supports this stock!

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

02/09/10 DMG & Partners CSC 0.16 0.29 Buy PER12x
04/07/10 DMG & Partners CSC 0.165 0.29 Buy
04/19/10 DMG & Partners CSC 0.175 0.29 Buy PER12x
05/24/10 DMG & Partners CSC 0.155 0.265 Buy PER12x
06/17/10 DMG & Partners CSC 0.16 0.265 Buy
07/01/10 DMG & Partners CSC 0.155 0.265 Buy
08/12/10 DMG & Partners CSC 0.16 0.265 Buy PER12x

Creative Tech - Not creative anymore?

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

02/04/10 DBS Vickers Creative Tech 5.93 5.46 Hold PB1x
08/10/10 DBS Vickers Creative Tech 4.01 3.51 Fully Valued PB0.8x

05/06/10 Lim & Tan Creative Tech 5.03 0 Sell

Cosco - Not as promising as before?

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

02/23/10 AmFraser Cosco 1.28 1.17 Hold PER17x
03/08/10 AmFraser Cosco 1.21 1.17 Hold PER17x

02/23/10 CIMB Cosco 1.28 0.67 Underperform Sum of parts
03/15/10 CIMB Cosco 1.23 0.87 Underperform Sum of parts
06/03/10 CIMB Cosco 1.33 1.41 Underperform Sum of parts
06/16/10 CIMB Cosco 1.45 1.24 Underperform Sum of parts
07/23/10 CIMB Cosco 1.61 1.24 Underperform Sum of parts
08/03/10 CIMB Cosco 1.68 1.41 Underperform

01/08/10 DBS Vickers Cosco 1.26 0.78 Fully Valued
02/23/10 DBS Vickers Cosco 1.28 1 Fully Valued Sum of parts
04/07/10 DBS Vickers Cosco 1.35 1.6 Buy Sum of parts
04/13/10 DBS Vickers Cosco 1.65 1.8 Buy Sum of parts
04/16/10 DBS Vickers Cosco 1.75 1.8 Buy
05/07/10 DBS Vickers Cosco 1.56 1.8 Buy Sum of parts
06/16/10 DBS Vickers Cosco 1.45 1.8 Buy Sum of parts
06/18/10 DBS Vickers Cosco 1.5 1.8 Buy Sum of parts
07/23/10 DBS Vickers Cosco 1.61 1.8 Buy Sum of parts
08/02/10 DBS Vickers Cosco 1.64 1.8 Buy
08/03/10 DBS Vickers Cosco 1.68 1.88 Buy Sum of parts

02/23/10 Kim Eng Cosco 1.28 0.81 Sell PB1.7x
03/16/10 Kim Eng Cosco 1.25 0.81 Sell
04/20/10 Kim Eng Cosco 1.79 1.17 Sell PB2.4x
04/21/10 Kim Eng Cosco 1.79 1.17 Sell PB2.5x
06/16/10 Kim Eng Cosco 1.45 1.44 Hold PB3x
07/06/10 Kim Eng Cosco 1.45 1.44 Hold BV3x
07/23/10 Kim Eng Cosco 1.61 2.1 Buy BV4.2x
08/03/10 Kim Eng Cosco 1.68 2.1 Buy PB4.2x
08/05/10 Kim Eng Cosco 1.63 2.1 Buy

02/23/10 phillip Cosco 1.28 1.03 Sell BV2.01x
03/16/10 phillip Cosco 1.25 1.45 Buy PB2.8x
05/07/10 phillip Cosco 1.56 1.86 Buy BV3.6x
07/01/10 phillip Cosco 1.49 1.65 Hold BV3.2x
08/03/10 phillip Cosco 1.68 1.65 Hold

A perfect storm is brewing in Europe!

A country is on the verge of bankrupt in Europe in the near future. Why?

When a country is having a recession, colossal debts, very high unemployment (around 20%) and draconian austerity measures, the only ensuing outcome would be a total collapse as all these factors are a perfect recipe for bankruptcy.

Any economist would know that austerity measures are only meant for overheating economies, not for those in recession and especially for country with high unemployment.  Having austerity measures will mean that the country doesn't encourage investments and business expansions which in turn will not reduce high unemployment rate.  More businesses are expected to close down and unemployment rate will spiral up which will engender into a vicious cycle.  Under these conditions, there will be more protests in the country.

When this country collapses, the banking industry will suffer a direct blow which will cause people to lose faith in banks and/or financial instruments. All these will cause another financial crisis to resurface and some banks will go bankrupt too.  Maybe more than 1 country in Europe will turn belly up when this happens.

I am not here to talk down on the market but I leave it to the smart investors like you to ponder on what I have said so far.  Just remember "Caveat Emptor"!

Contel - Sell at all cost as it is insolvent!

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

06/17/10 Lim & Tan Contel 0.01 0 Sell Insolvent

Comfortdelgro - A good defensive stock?

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

01/27/10 AmFraser Comfortdelgro 1.61 1.89 Buy
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

02/11/10 CIMB Comfortdelgro 1.57 1.73 Underperform DCF (10% discount)
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

05/17/10 DBS Vickers Comfortdelgro 1.49 1.64 Hold DCF, PER15x
08/17/10 DBS Vickers Comfortdelgro 1.55 1.65 Hold

02/10/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy DCF, PER16.5x
02/11/10 DMG & Partners Comfortdelgro 1.57 1.78 Neutral DCF, PER16.5x
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

02/11/10 Kim Eng Comfortdelgro 1.57 1.72 Hold
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

03/18/10 phillip Comfortdelgro 1.58 1.68 Hold
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

CitySpring - Is Spring coming?

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

02/17/10 DBS Vickers CitySpring 0.62 0.62 Hold DDM
05/25/10 DBS Vickers CitySpring 0.595 0.67 Buy DDM

02/17/10 Kim Eng CitySpring 0.615 0.69 Buy

01/05/10 OCBC CitySpring 0.595 0.68 Buy DDM
02/12/10 OCBC CitySpring 0.61 0.68 Buy DDM
05/25/10 OCBC CitySpring 0.595 0.6 Hold DDM
06/24/10 OCBC CitySpring 0.595 0.6 Hold DDM

City Developments - Confusing analysts or confusing market?

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

05/13/10 AmFraser City Developments 10.86 12.72 Buy RNAV
08/13/10 AmFraser City Developments 12 13.82 Buy RNAV
08/30/10 AmFraser City Developments 11.96 13.82 Buy

01/11/10 CIMB City Developments 11.78 12.04 Neutral RNAV (10% premium)
02/05/10 CIMB City Developments 10.64 12.16 Neutral RNAV (10% premium)
04/16/10 CIMB City Developments 11.46 12.16 Neutral
05/10/10 CIMB City Developments 10.46 12.16 Neutral
05/18/10 CIMB City Developments 10.48 12.09 neutral
05/20/10 CIMB City Developments 10.4 11.46 Neutral RNAV
06/14/10 CIMB City Developments 10.82 11.46 Neutral
06/15/10 CIMB City Developments 10.9 11.46 Neutral

07/20/10 Credit Suisse City Developments 11.4 13.18 Outperform

02/26/10 DBS Vickers City Developments 10.34 11.38 Hold RNAV (15% premium)
03/08/10 DBS Vickers City Developments 10.36 11.38 Hold
03/16/10 DBS Vickers City Developments 10.66 11.85 Buy RNAV (15% premium)
03/30/10 DBS Vickers City Developments 10.98 11.85 Buy
04/08/10 DBS Vickers City Developments 11.4 11.85 Buy
05/13/10 DBS Vickers City Developments 10.86 12.04 Buy RNAV (15% premium)
06/16/10 DBS Vickers City Developments 10.9 12.04 Hold
07/16/10 DBS Vickers City Developments 11.34 12.04 Buy
08/13/10 DBS Vickers City Developments 12 12.52 Hold RNAV (15% premium)

02/05/10 DMG & Partners City Developments 10.64 12.44 Buy RNAV (20% premium)
02/26/10 DMG & Partners City Developments 10.34 12.44 Buy RNAV (20% premium)
03/15/10 DMG & Partners City Developments 10.46 12.44 Buy
04/06/10 DMG & Partners City Developments 10.98 12.44 Buy RNAV (20% premium)
04/16/10 DMG & Partners City Developments 11.46 12.44 Buy
04/23/10 DMG & Partners City Developments 11 12.45 Buy RNAV (20% premium)
04/28/10 DMG & Partners City Developments 10.86 12.48 Buy RNAV (20% premium)
05/13/10 DMG & Partners City Developments 10.86 12.48 Buy RNAV (20% premium)
06/01/10 DMG & Partners City Developments 10.28 12.48 Buy
08/12/10 DMG & Partners City Developments 11.92 10.6 Neutral RNAV
08/13/10 DMG & Partners City Developments 11.92 10.6 Neutral RNAV

01/06/10 Kim Eng City Developments 12.04 12.42 Hold RNAV (15% premium)
02/26/10 Kim Eng City Developments 10.34 12.65 Buy RNAV (15% premium)
04/14/10 Kim Eng City Developments 11.22 11.39 Buy RNAV (15% premium)
05/13/10 Kim Eng City Developments 10.86 13.2 Buy RNAV (15% premium)
06/23/10 Kim Eng City Developments 10.9 13.2 Buy RNAV (15% premium)
08/13/10 Kim Eng City Developments 12 13.8 Buy RNAV (15% premium)

01/18/10 Lim & Tan City Developments 11.66 0 Buy
02/25/10 Lim & Tan City Developments 10.32 0 Buy
05/13/10 Lim & Tan City Developments 10.86 0 Buy
07/14/10 Lim & Tan City Developments 10.88 0 Buy
08/12/10 Lim & Tan City Developments 11.92 0 Buy

02/01/10 OCBC City Developments 10.72 10.43 Hold
02/08/10 OCBC City Developments 10.38 10.46 Hold RNAV
03/03/10 OCBC City Developments 10.18 10.95 Hold
03/12/10 OCBC City Developments 10.32 10.95 Hold
04/05/10 OCBC City Developments 10.86 10.95 Hold
04/30/10 OCBC City Developments 10.7 11 Hold RNAV
06/03/10 OCBC City Developments 10.24 11.11 Hold RNAV
06/07/10 OCBC City Developments 10.64 11.11 Hold RNAV
06/16/10 OCBC City Developments 10.9 11.11 Hold
07/05/10 OCBC City Developments 11.02 11.11 Hold
07/15/10 OCBC City Developments 11.04 11.16 Hold RNAV
07/16/10 OCBC City Developments 11.34 11.16 Hold
08/12/10 OCBC City Developments 11.92 11.16 Hold, Under Review RNAV

Chip Eng Seng - Buy call from Westcomb

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

03/25/10 Westcomb Chip Eng Seng 0.39 0.53 Buy Sum of parts

China Zaino - Outperform call by CIMB

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

02/25/10 CIMB China Zaino 0.24 0.34 Outperform PER4x
04/26/10 CIMB China Zaino 0.29 0.36 Outperform PER5x
04/29/10 CIMB China Zaino 0.27 0.36 Outperform PER5x

China XLX Fertiliser - Buy calls from CIMB & DBS Vickers

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

01/08/10 CIMB China XLX Fertiliser 0.67 0.72 Neutral PER12x
02/24/10 CIMB China XLX Fertiliser 0.52 0.72 Outperform PER12x
03/18/10 CIMB China XLX Fertiliser 0.58 0.72 Outperform PER7x
03/29/10 CIMB China XLX Fertiliser 0.575 0.72 Outperform
04/28/10 CIMB China XLX Fertiliser 0.58 0.72 Outperform PER7x
05/21/10 CIMB China XLX Fertiliser 0.52 0.72 Outperform PER7x
06/10/10 CIMB China XLX Fertiliser 0.495 0.72 Outperform PER7x
07/29/10 CIMB China XLX Fertiliser 0.53 0.72 Outperform PER7x

01/04/10 DBS Vickers China XLX Fertiliser 0.68 0.35 Fully Valued
01/08/10 DBS Vickers China XLX Fertiliser 0.67 0.35 Fully Valued
02/24/10 DBS Vickers China XLX Fertiliser 0.52 0.54 Hold PER12x
07/30/10 DBS Vickers China XLX Fertiliser 0.53 0.68 Buy PER14x

China Sunsine - A shinning stock?

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

05/03/10 AmFraser China Sunsine 0.245 0.405 Buy
08/02/10 AmFraser China Sunsine 0.255 0.46 Buy

01/07/10 phillip China Sunsine 0.235 0.34 Buy PER7.5x
03/01/10 phillip China Sunsine 0.235 0.34 Buy PER7.5x
04/30/10 phillip China Sunsine 0.25 0.34 Buy PER7.5x
08/04/10 phillip China Sunsine 0.245 0.35 Buy PER7.5x

Market analysis for Singapore (Straits Times)

The chart above dated on 08/09/10 shows that investors have been pulling funds out from the market but the straits times index is still at a relatively high level.  This doesn't bode well for the market as there are lesser and lesser investors in the market and the market is only supported by institutional funds.  The institutional investors are now stucked in the market as there are lesser investors to buy stocks from them.  If any unexpected event were to happen, these institutional funds would just sell their stocks at low prices which would cause a big tsunami and STI would have a big crash.  Buyers beware!

Market analysis for Hong Kong (Hang Seng)

The chart above dated 08/09/10 shows that investors in Hong Kong have been pulling funds out from the market. Looks like CASH is king in Hong Kong now.

Market analysis for Japan (Nikkei)

The chart above dated 08/09/10 shows that the average trading volumes seem to move in synchronize with the stock market.  It looks like there won't be any recovery for japan as investors are pulling out funds from the market.

Market analysis for US (Dow Jones)

US research report showed that US retail investors have quitted the stock market or pulled their investments out from US market.  The chart dated 08/09/10 also shows that funds have been pulled out of the market as indicated by the declining trading volumes.  Generally speaking, the SMA of the trading volumes is a precursor of future stock market and this doesn't bode well for the US market.

China Sports - Are sports not in favour now?

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

01/08/10 DBS Vickers China Sports 0.175 0.26 Buy PER8x
01/25/10 DBS Vickers China Sports 0.21 0.3 Buy PER8x
03/01/10 DBS Vickers China Sports 0.16 0.18 Hold PER6x
05/21/10 DBS Vickers China Sports 0.12 0.11 Fully Valued PER5x

China Sky - Looks like the sky is not the limit.

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

01/08/10 DBS Vickers China Sky 0.2 0.14 Fully Valued
03/02/10 DBS Vickers China Sky 0.19 0.14 Fully Valued PB0.2x, PER6.6x
05/17/10 DBS Vickers China Sky 0.18 0.14 Fully Valued PER6.6x, PB0.2x

China Minzhong - Buy calls from DBS Vickes & DMG.

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

09/07/10 DBS Vickers China Minzhong 1.37 1.58 Buy DCF

07/13/10 DMG & Partners China Minzhong 1.2 1.68 Buy PER9x
08/23/10 DMG & Partners China Minzhong 1.3 1.68 Buy
08/25/10 DMG & Partners China Minzhong 1.27 1.68 Buy Under Review
09/01/10 DMG & Partners China Minzhong 1.28 1.78 Buy PER9x

Abterra - Aberration trading?

Abterra has an interesting trading pattern today.  First, the sharp downfall was caused by Goldman Sach, then followed by an astounding rise to more than $1.50 due to short-covering and herd-mentality investors chasing after this counter.

Liks i said previously in my post, nothing much has changed for this counter and unsuspecting investors will get bludgeoned by the management for its future fund raising event.

China Merchant - Buy call from DBS Vickers

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

01/08/10 DBS Vickers China Merchant 0.61 0.81 Buy
02/26/10 DBS Vickers China Merchant 0.64 0.81 Buy

China Hongxing - DBS Vickers vs Lim & Tan

01/08/10 DBS Vickers China Hongxing 0.2 0.22 Hold
03/02/10 DBS Vickers China Hongxing 0.175 0.13 Fully Valued PER15x

04/16/10 DMG & Partners China Hongxing 0.155 0.22 Buy PB0.7x
07/29/10 DMG & Partners China Hongxing 0.155 0.22 Buy
08/12/10 DMG & Partners China Hongxing 0.155 0.22 Buy

02/05/10 Lim & Tan China Hongxing 0.175 0 Buy
02/18/10 Lim & Tan China Hongxing 0.175 0 Buy
03/02/10 Lim & Tan China Hongxing 0.175 0 Sell
03/18/10 Lim & Tan China Hongxing 0.15 0 Sell
05/13/10 Lim & Tan China Hongxing 0.135 0 Sell
05/27/10 Lim & Tan China Hongxing 0.12 0 Sell
08/11/10 Lim & Tan China Hongxing 0.155 0 Sell

China Fishery - Neutral calls by analysts

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

01/21/10 CIMB China Fishery 1.86 2.3 Outperform PER11x
02/11/10 CIMB China Fishery 1.7 2.3 Outperform PER11x
04/30/10 CIMB China Fishery 2.16 2.3 Outperform
06/22/10 CIMB China Fishery 1.94 1.6 Underperform PER7.6x
06/30/10 CIMB China Fishery 1.83 1.7 Neutral PER9.4x
08/11/10 CIMB China Fishery 1.87 1.75 Neutral PER9.4x

01/04/10 DBS Vickers China Fishery 1.32 1.63 Buy PER8x
01/08/10 DBS Vickers China Fishery 1.41 1.63 Buy
02/11/10 DBS Vickers China Fishery 1.7 2.5 Buy PER10x
05/13/10 DBS Vickers China Fishery 2.15 2.5 Buy PER10x
06/30/10 DBS Vickers China Fishery 1.83 2.2 Buy PER10x
07/12/10 DBS Vickers China Fishery 2 2.12 Hold PER10x
08/11/10 DBS Vickers China Fishery 1.87 2.12 Hold PER10x

01/14/10 DMG & Partners China Fishery 1.88 1.84 Neutral PER7.1x
01/22/10 DMG & Partners China Fishery 1.87 2.4 Buy PER9.3x
02/11/10 DMG & Partners China Fishery 1.7 2.4 Buy PER9.3x
02/18/10 DMG & Partners China Fishery 1.8 2.4 Buy
04/20/10 DMG & Partners China Fishery 2.15 2.4 Buy
05/14/10 DMG & Partners China Fishery 2.15 2.4 Buy PER8.6x
05/19/10 DMG & Partners China Fishery 2.05 2.4 Buy PER8.6x
06/03/10 DMG & Partners China Fishery 1.83 2.4 Buy PER8.6x
06/30/10 DMG & Partners China Fishery 1.83 2.1 Buy PER8.6x
07/21/10 DMG & Partners China Fishery 1.97 1.98 Neutral PER8.6x
08/11/10 DMG & Partners China Fishery 1.87 1.98 Neutral PER8.6x

China Essence - Downgraded by Lim & Tan to HOLD.

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

02/10/10 Lim & Tan China Essence 0.39 0 Buy
06/03/10 Lim & Tan China Essence 0.42 0 Hold

China Eratat - Buy call from Phillip!

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

03/03/10 phillip China Eratat 0.165 0.205 Trading Buy Total current asset-inventories-liabilities

China Animal - Buy if you are animal lover!

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

02/10/10 AmFraser China Animal 0.24 0.32 Buy
05/10/10 AmFraser China Animal 0.28 0.39 Buy
07/06/10 AmFraser China Animal 0.32 0.39 Buy
08/13/10 AmFraser China Animal 0.3 0.39 Buy Under Review

01/08/10 DBS Vickers China Animal 0.26 0.29 Buy
01/21/10 DBS Vickers China Animal 0.28 0.4 Buy PER12x
02/09/10 DBS Vickers China Animal 0.24 0.33 Buy PER12x
04/16/10 DBS Vickers China Animal 0.33 0.4 Buy PER15x
05/07/10 DBS Vickers China Animal 0.3 0.4 Buy PER10x
07/02/10 DBS Vickers China Animal 0.32 0.39 Buy PER13x
08/13/10 DBS Vickers China Animal 0.3 0.41 Buy PER13x

CH Offshore - A good marine stock?

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

01/04/10 DBS Vickers CH Offshore 0.68 0.89 Buy
02/05/10 DBS Vickers CH Offshore 0.65 0.87 Buy PER9x
02/08/10 DBS Vickers CH Offshore 0.645 0.87 Buy
05/20/10 DBS Vickers CH Offshore 0.605 0.7 Hold PER9x

Baltic Dry Index (BDI) was at 2,713 points last Tuesday!

BDI is forecast to fall below historical record low next year......really bad news!

Latest announcement by Baker Tech

Baker has just announced that it is willing to lower the sale price for PPLH from US$155m to US$116m due to the on-going litigation with sembcorp. I've never seen a company that is so eager to sell off its subsidiary at a much lower price or a further discount of 25%.  Something is obviously and seriously wrong with the company or the management.  Looks like the big winner will be yangzijiang as its acquisition cost is 25% lower and it is protected from the lawsuit taken by sembcorp.

Cerebos - Buy this healthcare stock for your good health!

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

02/09/10 CIMB Cerebos 3.72 5.16 Outperform Sum of parts
05/11/10 CIMB Cerebos 3.72 5.34 Outperform Sum of parts
05/18/10 CIMB Cerebos 3.94 5.34 Outperform
05/18/10 CIMB Cerebos 4.02 5.34 Outperform
06/01/10 CIMB Cerebos 3.91 5.34 Outperform Sum of parts
08/16/10 CIMB Cerebos 4.15 5.98 Outperform Sum of parts

CDL Hospitality - A good reit to invest in?

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

01/29/10 CIMB CDL Hospitality 1.76 2.01 Outperform DDM
03/25/10 CIMB CDL Hospitality 1.76 2.01 Outperform
04/19/10 CIMB CDL Hospitality 1.95 2.01 Outperform
05/03/10 CIMB CDL Hospitality 1.93 2.2 Outperform DDM
05/18/10 CIMB CDL Hospitality 1.92 2.2 Outperform
07/09/10 CIMB CDL Hospitality 1.77 2.04 Outperform DDM

06/23/10 Citigroup CDL Hospitality 1.75 1.63 Sell

01/04/10 DBS Vickers CDL Hospitality 1.65 1.77 Buy
01/28/10 DBS Vickers CDL Hospitality 1.66 2 Buy DDM
01/29/10 DBS Vickers CDL Hospitality 1.76 2.11 Buy
02/22/10 DBS Vickers CDL Hospitality 1.67 2.11 Buy
03/08/10 DBS Vickers CDL Hospitality 1.68 2.11 Buy DDM
04/09/10 DBS Vickers CDL Hospitality 1.84 2.11 Buy
04/15/10 DBS Vickers CDL Hospitality 1.89 2.11 Buy
04/30/10 DBS Vickers CDL Hospitality 1.9 2.11 Buy
05/03/10 DBS Vickers CDL Hospitality 1.93 2.2 Buy
07/01/10 DBS Vickers CDL Hospitality 1.75 2.03 Buy
07/28/10 DBS Vickers CDL Hospitality 1.94 2.14 Buy Div Yield 6.5%
08/18/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy
08/20/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy
08/23/10 DBS Vickers CDL Hospitality 2.07 2.14 Buy
08/31/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy

01/27/10 DMG & Partners CDL Hospitality 1.62 2.15 Buy DDM
01/29/10 DMG & Partners CDL Hospitality 1.76 2.3 Buy DDM
03/29/10 DMG & Partners CDL Hospitality 1.73 2.3 Buy
04/01/10 DMG & Partners CDL Hospitality 1.76 2.3 Buy
04/06/10 DMG & Partners CDL Hospitality 1.87 2.3 Buy 5% yield
04/28/10 DMG & Partners CDL Hospitality 1.89 2.3 Buy
05/03/10 DMG & Partners CDL Hospitality 1.93 2.3 Buy DDM
06/22/10 DMG & Partners CDL Hospitality 1.89 2.3 Buy DDM
07/28/10 DMG & Partners CDL Hospitality 1.94 2.3 Buy DDM
07/29/10 DMG & Partners CDL Hospitality 1.94 2.3 Buy DDM

01/29/10 Lim & Tan CDL Hospitality 1.76 0 Buy
06/23/10 Lim & Tan CDL Hospitality 1.89 0 Buy

02/01/10 phillip CDL Hospitality 1.8 1.96 Hold
05/03/10 phillip CDL Hospitality 1.93 1.96 Hold
05/03/10 phillip CDL Hospitality 1.93 1.96 Hold
06/24/10 phillip CDL Hospitality 1.77 1.92 Hold
07/29/10 phillip CDL Hospitality 2 1.93 Hold

Capitamalls Asia - A good asia reit?

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

04/14/10 CIMB Capitamalls Asia 2.29 2.34 Underperform RNAV
05/10/10 CIMB Capitamalls Asia 1.97 2.34 Underperform
05/18/10 CIMB Capitamalls Asia 2.14 2.34 Underperform

04/05/10 DBS Vickers Capitamalls Asia 2.26 2.51 Buy RNAV (10% premium)
04/14/10 DBS Vickers Capitamalls Asia 2.29 2.51 Buy RNAV (10% premium)
04/23/10 DBS Vickers Capitamalls Asia 2.16 2.51 Buy RNAV (10% premium)
06/14/10 DBS Vickers Capitamalls Asia 2.1 2.51 Buy RNAV (10% premium)
08/04/10 DBS Vickers Capitamalls Asia 2.16 2.58 Buy RNAV (10% premium)

06/21/10 OCBC Capitamalls Asia 2.16 2.4 Buy RNAV
07/05/10 OCBC Capitamalls Asia 2.05 2.4 Buy
07/16/10 OCBC Capitamalls Asia 2.07 2.4 Buy
08/04/10 OCBC Capitamalls Asia 2.16 2.4 Buy Under Review

CapitaRetail China - Is it a good time to invest in stock with exposure to China?

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

01/08/10 DBS Vickers CapitaRetail China 1.29 1.14 Hold
02/01/10 DBS Vickers CapitaRetail China 1.2 1.22 Hold DCF
07/26/10 DBS Vickers CapitaRetail China 1.26 1.26 Hold