NOL - 7 buy calls, 1 hold call & 1 sell call.

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

03/08/11 CIMB NOL 2.06 2.65 Outperform PB1.5x
03/16/11 CIMB NOL 1.92 2.65 Outperform
03/22/11 CIMB NOL 1.97 2.65 Outperform
03/28/11 CIMB NOL 1.99 2.45 Outperform
04/05/11 CIMB NOL 1.99 2.45 Outperform PB1.4x

02/17/11 Citigroup NOL 2.13 2.5 Buy

03/25/11 Credit Suisse NOL 2.01 2.38 Outperform PB1.3x

02/22/11 DBS Vickers NOL 2.12 2.5 Buy
03/07/11 DBS Vickers NOL 2.06 2.15 Hold EV/Ebitda 6x
03/11/11 DBS Vickers NOL 2.08 2.15 Hold EV/Ebitda 6x
04/04/11 DBS Vickers NOL 1.95 2.15 Hold

04/06/11 Jefferies NOL 1.97 1.35 Underperform

02/17/11 Morgan Stanley NOL 2.13 2.9 Buy

02/17/11 OCBC NOL 2.13 2.7 Buy

02/17/11 phillip NOL 2.13 2.5 Buy PB1.4x

02/17/11 UOB Kay Hian NOL 2.13 2.55 Buy PB1.4x
03/08/11 UOB Kay Hian NOL 2.06 2.55 Buy PB1.4x