Bukit Sembawang - A lousy property developer?

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

07/02/10 CIMB Bukit Sembawang 4.76 4.8 Underperform RNAV (30% discount)
11/15/10 CIMB Bukit Sembawang 4.89 4.8 Underperform RNAV (30% discount)

07/16/10 DBS Vickers Bukit Sembawang 4.8 5.25 Hold
08/10/10 DBS Vickers Bukit Sembawang 4.83 5.25 Hold RNAV (40% discount)
12/20/10 DBS Vickers Bukit Sembawang 4.62 5.25 Hold

11/16/10 OCBC Bukit Sembawang 4.82 5.21 Hold