Straits Asia - Mixed calls by analysts.

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

08/16/10	CIMB	Straits Asia	2.08	1.95	Underperform	DCF
11/03/10	CIMB	Straits Asia	2.32	2.01	Underperform	DCF
12/10/10	CIMB	Straits Asia	2.52	2.27	Underperform	DCF
01/28/11	CIMB	Straits Asia	2.66	2.27	Underperform	DCF
02/22/11	CIMB	Straits Asia	2.42	2.7	Outperform	DCF (15% premium)
11/23/10	Credit Suisse	Straits Asia	2.53	3.1	Outperform
10/08/10	DBS Vickers	Straits Asia	2.34	2.3	Hold	DCF
11/04/10	DBS Vickers	Straits Asia	2.33	2.3	Hold	DCF
03/18/11	DBS Vickers	Straits Asia	2.46	2.92	Buy	PB & PER
04/20/11	DBS Vickers	Straits Asia	2.56	2.92	Buy	Sum of parts
04/28/11	DBS Vickers	Straits Asia	2.78	3.44	Buy
05/09/11	DBS Vickers	Straits Asia	2.73	3.44	Buy
06/17/10	DMG & Partners	Straits Asia	2.04	2.08	Neutral	DCF, PER11.4x
08/16/10	DMG & Partners	Straits Asia	2.08	2.08	Neutral	DCF
08/23/10	DMG & Partners	Straits Asia	2.13	2.1	Neutral	DCF, PER11.5x
11/03/10	DMG & Partners	Straits Asia	2.32	2.1	Neutral	DCF, PER11.5x
11/08/10	DMG & Partners	Straits Asia	2.35	2.1	Neutral	DCF, PER11.5x
12/08/10	DMG & Partners	Straits Asia	2.69	2.49	Neutral	PER16.3x
01/13/11	DMG & Partners	Straits Asia	2.88	2.49	Sell	DCF, PER15.4x
02/22/11	DMG & Partners	Straits Asia	2.42	2.49	Neutral	DCF, PER15.4x
03/15/11	DMG & Partners	Straits Asia	2.41	2.49	Neutral
03/17/11	DMG & Partners	Straits Asia	2.49	2.49	Neutral
04/20/11	DMG & Partners	Straits Asia	2.54	2.49	Under Review
03/18/11	Goldman Sachs	Straits Asia	2.46	2	Sell
04/18/11	Goldman Sachs	Straits Asia	2.58	2	Sell
03/15/11	IIFL	Straits Asia	2.41	3.55	Buy
08/02/10	Merrill Lynch	Straits Asia	2.14	2.87	Buy	DCF
11/04/10	Nomura	Straits Asia	2.33	2.8	Buy
12/06/10	Nomura	Straits Asia	2.69	2.8	Reduce
06/03/10	OCBC	Straits Asia	1.85	1.82	Hold	DCF
06/15/10	OCBC	Straits Asia	2.01	1.82	Hold
07/09/10	OCBC	Straits Asia	1.95	1.85	Hold	DCF
08/18/10	OCBC	Straits Asia	2.04	2.08	Hold
09/08/10	OCBC	Straits Asia	2.1	2.08	Hold
10/06/10	OCBC	Straits Asia	2.33	2.24	Hold
11/30/10	OCBC	Straits Asia	2.64	3.13	Buy
12/14/10	OCBC	Straits Asia	2.5	3.13	Buy
01/11/11	OCBC	Straits Asia	2.59	2.89	Buy
02/22/11	OCBC	Straits Asia	2.42	2.74	Buy
04/06/11	OCBC	Straits Asia	2.6	2.91	Buy