Tiong Seng - Buy calls from analysts.

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

04/15/11	CIMB	Tiong Seng	0.27	0.36	Outperform
12/01/10	DBS Vickers	Tiong Seng	0.25	0.36	Buy	Sum of parts (30% discount)
02/24/11	DBS Vickers	Tiong Seng	0.24	0.31	Buy	Sum of parts (35% discount)
03/25/11	DBS Vickers	Tiong Seng	0.235	0.31	Buy	Sum of parts (35% discount)
04/05/11	DBS Vickers	Tiong Seng	0.255	0.31	Buy	Sum of parts (35% discount)
05/11/11	DBS Vickers	Tiong Seng	0.25	0.31	Buy
03/29/11	Kim Eng	Tiong Seng	0.24	0.33	Buy	Sum of parts
04/21/11	Kim Eng	Tiong Seng	0.27	0.33	Buy
05/11/11	Kim Eng	Tiong Seng	0.25	0.33	Buy	Sum of parts