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Sunday, May 15, 2011

STX Pan Ocean - Lousy Shipper!

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

12/08/10
HSBC
STX Pan Ocean
13.28
14.9
Neutral
12/21/10
Goldman Sachs
STX Pan Ocean
13.16
11.3
Neutral
01/25/11
CIMB
STX Pan Ocean
13
13.2
Underperform
Oversupply
02/21/11
CIMB
STX Pan Ocean
12
11.9
Underperform
Sum of parts (10% discount)
03/16/11
CIMB
STX Pan Ocean
10.7
11.9
Underperform
05/13/11
CIMB
STX Pan Ocean
10
11.9
Underperform
Sum of parts (10% discount)

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