Ascendas Reit (A-Reit) - No buy call for this reit.

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

01/05/11 CIMB A-Reit 2.12 2.13 Neutral DDM
01/18/11 CIMB A-Reit 2.16 2.09 Underperform DDM
01/28/11 CIMB A-Reit 2.12 2.09 Underperform

01/19/11 Credit Suisse A-Reit 2.15 2.33 Neutral

01/18/11 DBS Vickers A-Reit 2.16 2.19 Hold
02/14/11 DBS Vickers A-Reit 2.06 2.19 Hold DCF
03/09/11 DBS Vickers A-Reit 2.03 2.19 Hold

01/18/11 DMG & Partners A-Reit 2.16 2.2 Neutral
02/14/11 DMG & Partners A-Reit 2.06 2.2 Neutral

01/18/11 OCBC A-Reit 2.16 2.2 Hold RNAV
03/08/11 OCBC A-Reit 2 2.2 Hold