Singtel - No longer the best telecom?

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

02/02/10 AmFraser Singtel 3.01 3.05 Hold
02/09/10 AmFraser Singtel 3.01 3.05 Hold
02/18/10 AmFraser Singtel 3 3.05 Hold
05/10/10 AmFraser Singtel 2.98 3.05 Hold
05/14/10 AmFraser Singtel 2.97 3.04 Hold
08/13/10 AmFraser Singtel 2.99 2.82 Hold

01/25/10 CIMB Singtel 3.01 3.3 Underperform Sum of parts
02/04/10 CIMB Singtel 2.99 3.3 Underperform Sum of parts
02/09/10 CIMB Singtel 2.95 3.3 Underperform Sum of parts
02/10/10 CIMB Singtel 3.03 3.3 Underperform Sum of parts
03/05/10 CIMB Singtel 3.05 3.3 Underperform
04/05/10 CIMB Singtel 3.19 3.3 Underperform Sum of parts
04/05/10 CIMB Singtel 3.2 3.3 Underperform Sum of parts
04/15/10 CIMB Singtel 3.15 3.3 Underperform
04/22/10 CIMB Singtel 3.12 3.3 Neutral Sum of parts
04/29/10 CIMB Singtel 3.01 3.3 Underperform Sum of parts
05/12/10 CIMB Singtel 2.98 3.3 Underperform
05/14/10 CIMB Singtel 2.97 3 Underperform Sum of parts
05/18/10 CIMB Singtel 2.96 3 Underperform
05/19/10 CIMB Singtel 2.97 3 Underperform
06/21/10 CIMB Singtel 3.1 3 Underperform Sum of parts
06/25/10 CIMB Singtel 3.04 3 Underperform Sum of parts
08/12/10 CIMB Singtel 3.06 3 Underperform Sum of parts
08/30/10 CIMB Singtel 3 3.09 Underperform Sum of parts
09/07/10 CIMB Singtel 3.11 3.09 Underperform Sum of parts
09/13/10 CIMB Singtel 3.08 3.09 Underperform
09/23/10 CIMB Singtel 3.13 3.09 Underperform Sum of parts
10/18/10 CIMB Singtel 3.07 3.09 Underperform Sum of parts
11/09/10 CIMB Singtel 3.28 3.09 Underperform Sum of parts
11/11/10 CIMB Singtel 3.25 3.09 Underperform Sum of parts
11/12/10 CIMB Singtel 3.31 3.29 Underperform Sum of parts

09/17/10 Credit Suisse Singtel 3.09 3.84 Outperform

01/25/10 DBS Vickers Singtel 3.01 3.15 Hold Sum of parts
02/01/10 DBS Vickers Singtel 3.01 3.5 Buy Sum of parts
02/09/10 DBS Vickers Singtel 2.95 3.5 Buy
02/23/10 DBS Vickers Singtel 3.02 3.5 Buy
03/15/10 DBS Vickers Singtel 3.12 3.5 Buy
05/05/10 DBS Vickers Singtel 2.96 3.4 Buy PER12x
05/13/10 DBS Vickers Singtel 3 3.4 Buy Sum of parts
07/12/10 DBS Vickers Singtel 3.12 3.45 Buy Sum of parts
07/15/10 DBS Vickers Singtel 3.15 3.45 Buy
07/30/10 DBS Vickers Singtel 3.11 3.45 Buy
08/18/10 DBS Vickers Singtel 2.95 3.45 Buy
09/01/10 DBS Vickers Singtel 3.08 3.45 Buy
09/07/10 DBS Vickers Singtel 3.11 3.45 Buy PER12.1x

02/10/10 DMG & Partners Singtel 3.02 2.98 Neutral Sum of parts
04/28/10 DMG & Partners Singtel 3.09 2.98 Neutral
05/10/10 DMG & Partners Singtel 2.98 2.98 Neutral
05/17/10 DMG & Partners Singtel 2.97 3.01 Neutral
06/09/10 DMG & Partners Singtel 2.88 3.01 Neutral
06/11/10 DMG & Partners Singtel 2.95 3.01 Neutral
07/12/10 DMG & Partners Singtel 3.09 3.01 Neutral Sum of parts
07/22/10 DMG & Partners Singtel 3.06 3.01 Neutral
08/12/10 DMG & Partners Singtel 3.06 3.01 Neutral
08/13/10 DMG & Partners Singtel 3.01 2.98 Neutral Sum of parts
09/01/10 DMG & Partners Singtel 3.08 2.98 Neutral
09/02/10 DMG & Partners Singtel 3.08 2.98 Neutral
09/07/10 DMG & Partners Singtel 3.11 2.98 Neutral
11/11/10 DMG & Partners Singtel 3.25 2.98 Under Review
11/15/10 DMG & Partners Singtel 3.31 3.05 Neutral

11/09/10 Goldman Sachs Singtel 3.28 3.47 Buy Sum of parts

02/10/10 Kim Eng Singtel 3.03 3.42 Buy
03/18/10 Kim Eng Singtel 3.2 3.42 Buy
04/01/10 Kim Eng Singtel 3.17 3.42 Buy
05/14/10 Kim Eng Singtel 2.97 3.13 Hold PER12x
08/12/10 Kim Eng Singtel 3.06 3.13 Hold
10/06/10 Kim Eng Singtel 3.15 2.88 Hold
11/11/10 Kim Eng Singtel 3.25 0 Under Review
11/12/10 Kim Eng Singtel 3.31 3.11 Hold

02/09/10 Lim & Tan Singtel 2.95 0 Neutral
04/29/10 Lim & Tan Singtel 3.01 0 Neutral
05/13/10 Lim & Tan Singtel 3 0 Neutral
11/11/10 Lim & Tan Singtel 3.25 0 Hold

02/09/10 OCBC Singtel 2.95 3.51 Buy Sum of parts
04/26/10 OCBC Singtel 3.14 3.51 Buy
05/14/10 OCBC Singtel 2.97 3.4 Buy Sum of parts
05/19/10 OCBC Singtel 2.97 3.4 Buy 5.4% Div Yield
06/16/10 OCBC Singtel 2.98 3.4 Buy Div Yield 4.8%
07/28/10 OCBC Singtel 3.1 3.4 Buy Div Yield 4.8%
08/12/10 OCBC Singtel 3.06 3.34 Buy Sum of parts
09/01/10 OCBC Singtel 3.08 3.34 Buy Div Yield 4.2%
09/02/10 OCBC Singtel 3.08 3.34 Buy
10/11/10 OCBC Singtel 3.09 3.34 Buy Div Yield 4.2%
11/11/10 OCBC Singtel 3.25 3.34 Buy Under Review

02/10/10 phillip Singtel 3.03 3.52 Buy DCF
05/14/10 phillip Singtel 2.96 3.43 Buy DCF
08/13/10 phillip Singtel 2.99 3.43 Hold
11/12/10 phillip Singtel 3.31 3.52 Hold