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Thursday, December 16, 2010

ARA Asset Management - Downgraded by CIMB.

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

08/13/10 CIMB ARA Asset Management 1.12 1.35 Outperform Sum of parts
10/27/10 CIMB ARA Asset Management 1.29 1.57 Outperform PER18x
11/11/10 CIMB ARA Asset Management 1.56 1.58 Neutral Sum of parts

07/09/10 DBS Vickers ARA Asset Management 1.12 1.3 Buy Sum of parts
08/13/10 DBS Vickers ARA Asset Management 1.12 1.3 Buy Sum of parts

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