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Friday, December 31, 2010

CH Offshore - Downgraded by DBS Vickers.

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
11/04/10 DBS Vickers CH offshore 0.535 0.6 Hold PER9x

11/09/10 DnB Nor CH offshore 0.54 0.7 Buy NAV 0.66, PER7.6x, EV/Ebitda6x

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