Olam - Not everyone loves commodity trader with 1% profit margin.

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

05/14/10 CIMB Olam 2.52 3.45 Outperform PER21.5x
06/08/10 CIMB Olam 2.44 3.45 Outperform PER21.5x
08/27/10 CIMB Olam 2.51 2.7 Neutral PER16.9x
11/12/10 CIMB Olam 3.33 3.3 Neutral PER18.5x
11/15/10 CIMB Olam 3.25 3.3 Neutral PER18.5x
12/16/10 CIMB Olam 3.07 3.3 Neutral PER18.5x
01/31/11 CIMB Olam 3.09 3.3 Neutral PER18.5x

08/27/10 Credit Suisse Olam 2.51 4.25 Outperform
11/02/10 Credit Suisse Olam 3.18 4.25 Outperform

05/14/10 DBS Vickers Olam 2.52 3.29 Buy DCF
05/18/10 DBS Vickers Olam 2.39 3.29 Buy
06/09/10 DBS Vickers Olam 2.47 3.29 Buy DCF
08/18/10 DBS Vickers Olam 2.55 3.29 Buy
08/24/10 DBS Vickers Olam 2.49 3.3 Buy DCF
08/27/10 DBS Vickers Olam 2.51 3.3 Buy
09/24/10 DBS Vickers Olam 3.15 3.3 Buy
10/15/10 DBS Vickers Olam 3.3 3.6 Buy
11/02/10 DBS Vickers Olam 3.18 3.6 Buy
11/16/10 DBS Vickers Olam 3.18 3.6 Buy
12/03/10 DBS Vickers Olam 3.07 3.6 Buy
01/03/11 DBS Vickers Olam 3.14 3.6 Buy
01/28/11 DBS Vickers Olam 3.11 3.7 Buy DCF
02/01/11 DBS Vickers Olam 3.04 3.7 Buy

01/10/11 DIR Olam 3.2 3.72 Buy

04/01/10 DMG & Partners Olam 2.61 3.24 Buy
05/14/10 DMG & Partners Olam 2.52 3.24 Buy DCF, PER20.4x
06/09/10 DMG & Partners Olam 2.47 3.24 Buy DCF
08/18/10 DMG & Partners Olam 2.55 3.24 Buy DCF
08/27/10 DMG & Partners Olam 2.51 3.24 Buy DCF, PER21x
11/12/10 DMG & Partners Olam 3.33 3.24 Neutral DCF
02/02/11 DMG & Partners Olam 3.04 3.24 Neutral DCF, PER19x

09/08/10 HSBC Olam 2.72 3.41 Overweight

05/14/10 Kim Eng Olam 2.52 3 Buy PER25x
08/27/10 Kim Eng Olam 2.51 3.1 Buy PER20x
10/04/10 Kim Eng Olam 3.31 3.23 Hold PER25x
11/12/10 Kim Eng Olam 3.33 3.31 Hold
12/02/10 Kim Eng Olam 3.1 3.88 Buy PER25x
12/06/10 Kim Eng Olam 3.15 3.88 Buy PER25x
02/01/11 Kim Eng Olam 3.04 3.88 Buy PER25x

09/27/10 Lim & Tan Olam 3.15 3.4 Hold

08/27/10 Nomura Olam 2.51 3.4 Buy
10/19/10 Nomura Olam 3.32 3.4 Buy

03/10/10 OCBC Olam 2.54 3.36 Buy
04/06/10 OCBC Olam 2.62 3.36 Buy
04/27/10 OCBC Olam 2.69 3.36 Buy
06/15/10 OCBC Olam 2.56 3.61 Buy
08/27/10 OCBC Olam 2.51 3.38 Buy PER22x
09/02/10 OCBC Olam 2.67 3.38 Buy
09/08/10 OCBC Olam 2.72 3.38 Buy
12/03/10 OCBC Olam 3.1 3.88 Buy Under Review
12/09/10 OCBC Olam 3.2 3.53 Buy
12/14/10 OCBC Olam 3.11 3.53 Buy

12/02/10 UOB Kay Hian Olam 3.1 3.8 Buy