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Sunday, October 31, 2010

Pan Hong - China property developer is no longer attractive!

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

06/01/10 CIMB Pan Hong 0.495 0.88 Outperform RNAV (20% discount)

01/18/10 DMG & Partners Pan Hong 0.685 0.85 Buy RNAV (10% premium)
02/19/10 DMG & Partners Pan Hong 0.5 0.85 Buy RNAV (10% premium)
06/02/10 DMG & Partners Pan Hong 0.495 0.5 Neutral RNAV (30% discount)
07/30/10 DMG & Partners Pan Hong 0.485 0.5 Neutral

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