Otto Marine - 2 buy calls, 3 hold calls & 1 sell call.

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

05/26/10 CIMB Otto Marine 0.37 0.47 Outperform PER10x
05/31/10 CIMB Otto Marine 0.38 0.47 Outperform
06/08/10 CIMB Otto Marine 0.4 0.49 Outperform PER10x
08/06/10 CIMB Otto Marine 0.42 0.48 Outperform PER10x
08/19/10 CIMB Otto Marine 0.38 0.48 Outperform
09/09/10 CIMB Otto Marine 0.37 0.3 Underperform PER9x
10/14/10 CIMB Otto Marine 0.38 0.39 Neutral PER9x
11/15/10 CIMB Otto Marine 0.36 0.39 Neutral PER9x

06/08/10 DMG & Partners Otto Marine 0.395 0.64 Buy
06/17/10 DMG & Partners Otto Marine 0.425 0.64 Buy
07/01/10 DMG & Partners Otto Marine 0.415 0.5 Buy
08/06/10 DMG & Partners Otto Marine 0.415 0.46 Buy PER10x
09/28/10 DMG & Partners Otto Marine 0.375 0.39 Neutral PATMI 10x
10/15/10 DMG & Partners Otto Marine 0.375 0.405 Neutral PER10x
11/15/10 DMG & Partners Otto Marine 0.36 0.335 Neutral PER8x
12/21/10 DMG & Partners Otto Marine 0.33 0.335 Neutral

07/21/10 DnB Nor Otto Marine 0.41 0.35 Sell NAV 0.39, EV/Ebitda13x
08/06/10 DnB Nor Otto Marine 0.42 0.35 Sell NAV 0.39
10/08/10 DnB Nor Otto Marine 0.41 0.35 Sell NAV 0.38, EV/Ebitda12x
11/09/10 DnB Nor Otto Marine 0.35 0.3 Sell NAV 0.33, PER9.5x, EV/Ebitda10.9x
11/15/10 DnB Nor Otto Marine 0.36 0.3 Sell NAV 0.32

06/08/10 Kim Eng Otto Marine 0.395 0.58 Buy Sum of parts
06/28/10 Kim Eng Otto Marine 0.41 0.58 Buy Sum of parts
08/06/10 Kim Eng Otto Marine 0.415 0.58 Buy Sum of parts
11/15/10 Kim Eng Otto Marine 0.36 0.46 Buy Sum of parts

08/10/10 phillip Otto Marine 0.41 0.4 Hold PB1.4x
09/24/10 phillip Otto Marine 0.38 0.4 Hold PB1.4x
11/15/10 phillip Otto Marine 0.36 0.38 Hold PB1.2x
02/02/11 phillip Otto Marine 0.325 0.38 Hold PB1.2x
02/07/11 phillip Otto Marine 0.33 0 Hold

09/21/10 Standard Chart Otto Marine 0.36 0.52 Outperform