Keppel Land - Mixed calls by analysts, not as good as KepCorp.

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

04/21/10 AmFraser Keppel Land 3.66 3.87 Hold RNAV
07/21/10 AmFraser Keppel Land 4.21 3.88 Hold RNAV
08/30/10 AmFraser Keppel Land 3.93 3.88 Hold
10/21/10 AmFraser Keppel Land 4.49 4.28 Hold RNAV

02/02/10 CIMB Keppel Land 3.3 4.37 Outperform
03/09/10 CIMB Keppel Land 3.47 4.53 Outperform RNAV
04/16/10 CIMB Keppel Land 3.83 4.53 Outperform
04/19/10 CIMB Keppel Land 3.77 4.53 Outperform
04/21/10 CIMB Keppel Land 3.66 4.53 Outperform RNAV
05/05/10 CIMB Keppel Land 3.7 4.51 Outperform RNAV
05/10/10 CIMB Keppel Land 3.53 4.51 Outperform
05/18/10 CIMB Keppel Land 3.69 4.51 Outperform
05/18/10 CIMB Keppel Land 3.65 4.51 Outperform
05/20/10 CIMB Keppel Land 3.57 4.71 Outperform RNAV
06/14/10 CIMB Keppel Land 3.8 4.71 Outperform
06/15/10 CIMB Keppel Land 3.84 4.72 Outperform
07/21/10 CIMB Keppel Land 4.21 4.94 Outperform RNAV
10/12/10 CIMB Keppel Land 4.11 5.09 Outperform RNAV (10% discount)
10/21/10 CIMB Keppel Land 4.5 5.13 Outperform RNAV (10% discount)
11/10/10 CIMB Keppel Land 4.92 5.64 Outperform RNAV
01/04/11 CIMB Keppel Land 4.84 5.88 Outperform RNAV
01/25/11 CIMB Keppel Land 4.57 5.91 Outperform RNAV
01/28/11 CIMB Keppel Land 4.64 5.91 Outperform

07/21/10 Credit Suisse Keppel Land 4.21 4.13 Neutral RNAV (16% discount)

03/08/10 DBS Vickers Keppel Land 3.45 3.69 Hold
04/21/10 DBS Vickers Keppel Land 3.66 4.13 Buy RNAV (10% discount)
04/23/10 DBS Vickers Keppel Land 3.72 4.14 Buy RNAV (10% discount)
06/16/10 DBS Vickers Keppel Land 3.83 4.13 Buy
07/16/10 DBS Vickers Keppel Land 4.05 4.14 Buy
07/21/10 DBS Vickers Keppel Land 4.21 4.53 Buy RNAV (10% discount)
08/17/10 DBS Vickers Keppel Land 3.9 4.53 Buy
08/31/10 DBS Vickers Keppel Land 3.85 4.53 Buy
10/18/10 DBS Vickers Keppel Land 4.28 4.75 Buy
10/21/10 DBS Vickers Keppel Land 4.5 4.89 Buy RNAV (10% discount)
10/28/10 DBS Vickers Keppel Land 4.41 4.91 Buy
12/16/10 DBS Vickers Keppel Land 4.7 4.89 Buy
12/20/10 DBS Vickers Keppel Land 4.54 4.96 Buy
01/25/11 DBS Vickers Keppel Land 4.57 5.09 Buy RNAV (10% discount)

03/15/10 DMG & Partners Keppel Land 3.64 3.84 Neutral
04/06/10 DMG & Partners Keppel Land 3.72 3.84 Buy RNAV
04/16/10 DMG & Partners Keppel Land 3.83 3.84 Neutral
04/21/10 DMG & Partners Keppel Land 3.66 3.84 Neutral RNAV
05/05/10 DMG & Partners Keppel Land 3.7 3.86 Neutral RNAV
07/21/10 DMG & Partners Keppel Land 4.21 4.6 Buy RNAV
07/22/10 DMG & Partners Keppel Land 4.21 4.6 Buy
07/29/10 DMG & Partners Keppel Land 4.07 4.6 Buy
08/12/10 DMG & Partners Keppel Land 3.88 4.6 Buy
09/24/10 DMG & Partners Keppel Land 3.98 4.6 Buy
10/12/10 DMG & Partners Keppel Land 4.11 4.8 Buy RNAV
10/20/10 DMG & Partners Keppel Land 4.5 5 Buy RNAV
10/22/10 DMG & Partners Keppel Land 4.59 5 Buy RNAV
01/25/11 DMG & Partners Keppel Land 4.57 5 Neutral

03/24/10 Kim Eng Keppel Land 3.6 4.68 Buy RNAV (10% premium)
04/21/10 Kim Eng Keppel Land 3.66 4.68 Buy
05/27/10 Kim Eng Keppel Land 3.48 4.71 Buy RNAV (10% premium)
07/12/10 Kim Eng Keppel Land 4 4.71 Buy RNAV (10% premium)
07/21/10 Kim Eng Keppel Land 4.21 4.85 Buy RNAV (10% premium)
09/01/10 Kim Eng Keppel Land 3.88 4.82 Buy PB1.1x
10/21/10 Kim Eng Keppel Land 4.5 5.6 Buy RNAV (10% premium)
12/02/10 Kim Eng Keppel Land 4.84 5.6 Buy RNAV (10% premium)
01/25/11 Kim Eng Keppel Land 4.57 5.82 Buy RNAV (10% premium)

10/12/10 Lim & Tan Keppel Land 4.11 0 Buy
11/09/10 Lim & Tan Keppel Land 5.05 0 Buy

11/24/10 Nomura Keppel Land 4.57 5.5 Buy PB2x

03/03/10 OCBC Keppel Land 3.41 3.82 Hold
03/12/10 OCBC Keppel Land 3.61 3.82 Buy
03/26/10 OCBC Keppel Land 3.67 4.16 Buy RNAV
04/05/10 OCBC Keppel Land 3.71 4.16 Buy
04/21/10 OCBC Keppel Land 3.66 4.18 Buy RNAV
06/03/10 OCBC Keppel Land 3.46 4.18 Buy RNAV
06/07/10 OCBC Keppel Land 3.71 4.18 Buy RNAV
06/16/10 OCBC Keppel Land 3.83 4.18 Buy
07/05/10 OCBC Keppel Land 3.95 4.18 Buy
07/12/10 OCBC Keppel Land 4 4.5 Buy RNAV
07/16/10 OCBC Keppel Land 4.05 4.5 Buy
11/02/10 OCBC Keppel Land 4.61 4.5 Buy Under Review
11/16/10 OCBC Keppel Land 4.94 4.96 Buy
11/25/10 OCBC Keppel Land 4.57 4.5 Under Review RNAV
12/08/10 OCBC Keppel Land 4.84 4.5 Buy Under Review

11/19/10 phillip Keppel Land 4.76 5.04 Hold RNAV
12/16/10 phillip Keppel Land 4.62 5.04 Hold
01/26/11 phillip Keppel Land 4.61 4.99 Hold RNAV

10/18/10 UBS Keppel Land 4.33 5.08 Buy

07/21/10 UOB Kay Hian Keppel Land 4.21 4.9 Buy