Think Environment - Not worth thinking about this, Sell call by DMG.

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

05/31/10 DMG & Partners Think Environment 0.425 0.33 Sell Sum of parts
06/01/10 DMG & Partners Think Environment 0.425 0.33 Sell Sum of parts
07/15/10 DMG & Partners Think Environment 0.4 0.33 Sell
07/20/10 DMG & Partners Think Environment 0.405 0.33 Sell
07/21/10 DMG & Partners Think Environment 0.405 0.35 Sell Sum of parts

Techcomp - Buy call by Westcomb.

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

03/18/10 Westcomb Techcomp 0.475 0.94 Buy PER10x

Market analyses for US market (Dow Jones Industrial Average Index), Japan market (Nikkei 225 Index), Hong Kong market (Hang Seng Index), Singapore market (Straits Times Index)

The chart dated 26/11/10 above indicated that funds were still flowing out of US market after the announcement of QE2 and this was in synchronize with the fall in DJIA index.  As stated before in my earlier postings, the market won't be able to sustain the rally if the average trading volumes kept falling.

The chart dated 26/11/10 above indicated that funds were flowing into the Japan market as indicated by the 100-day average trading volumes and this continued even after the announcement of QE2 in US.  This inflow of funds bodes well for Japan market as this will keep the rally sustainable.

The chart dated 26/11/10 above depicted that investors stopped pulling out funds 3 months ago and started to invest in HK market again as shown by the 100-day average trading volumes which helped to propel HSI to a new high recently.  As HSI is weighted heavily towards property and financial sectors, it will be interesting to observe the future trend after the recent anti-speculative measures in the property sector.

The chart dated 26/11/10 above showed that funds had been coming into Singapore market which aided the recent high closing of STI.  The recent falls in STI were due to concerns in the US & Europe and it seemed that investors were buying on the dips as the average trading volumes kept on increasing.

Tat Hong - Downgraded by all analysts!

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

11/16/10 AmFraser Tat Hong 1.02 0.94 Hold

04/01/10 CIMB Tat Hong 0.87 0.87 Underperform PER7x
04/16/10 CIMB Tat Hong 0.95 1.24 Outperform PER10x
05/25/10 CIMB Tat Hong 0.89 1.24 Outperform PER10x
07/16/10 CIMB Tat Hong 0.94 1.24 Outperform PER10x
07/28/10 CIMB Tat Hong 0.99 1.21 Outperform PER10x
08/16/10 CIMB Tat Hong 0.92 1.21 Outperform PER10x
08/30/10 CIMB Tat Hong 0.9 1.29 Outperform PER10x
11/15/10 CIMB Tat Hong 1.04 1.13 Neutral PER10x

11/18/10 CLSA Tat Hong 0.99 1.06 Underperform

02/17/10 DBS Vickers Tat Hong 0.96 0.89 Fully Valued NTA0.9x, PER9x
05/25/10 DBS Vickers Tat Hong 0.885 1.11 Buy PER10x, PB1.2x
07/16/10 DBS Vickers Tat Hong 0.935 1.11 Buy PER12x
09/27/10 DBS Vickers Tat Hong 1 1.11 Buy
11/16/10 DBS Vickers Tat Hong 1.02 1.08 Hold PER12x

02/17/10 OCBC Tat Hong 0.96 1.02 Hold NTA1.2x
03/24/10 OCBC Tat Hong 0.88 1.02 Hold
05/25/10 OCBC Tat Hong 0.85 0.975 Buy PER10x
05/31/10 OCBC Tat Hong 0.895 0.975 Buy
08/16/10 OCBC Tat Hong 0.92 1.03 Buy PER10x
09/02/10 OCBC Tat Hong 0.91 1.03 Buy
09/03/10 OCBC Tat Hong 0.93 1.03 Buy
09/17/10 OCBC Tat Hong 0.98 1.1 Buy PER10x
11/16/10 OCBC Tat Hong 1.02 0.99 Hold PER10x

Synear - Downgraded by Lim & Tan

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

05/06/10 Lim & Tan Synear 0.285 0 Buy
08/03/10 Lim & Tan Synear 0.265 0 Hold

Swing Media - DMG loves this stock very much.

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

01/14/10 DMG & Partners Swing Media 0.065 0.105 Buy PB0.7x
03/11/10 DMG & Partners Swing Media 0.06 0.105 Buy PB0.7x
03/17/10 DMG & Partners Swing Media 0.065 0.105 Buy
04/07/10 DMG & Partners Swing Media 0.065 0.105 Buy PB1.1x
04/12/10 DMG & Partners Swing Media 0.07 0.105 Buy PB1.1x
07/06/10 DMG & Partners Swing Media 0.045 0.105 Buy PB0.95x

Swiber - Buy calls from all analysts!

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

03/02/10 AmFraser Swiber 1.08 1.3 Buy PER16x

01/21/10 CIMB Swiber 1.15 1.72 Outperform PER12x
02/05/10 CIMB Swiber 1.04 1.72 Outperform PER12x
03/02/10 CIMB Swiber 1.07 1.65 Outperform PER12x
04/06/10 CIMB Swiber 1.13 1.65 Outperform PER12x
05/03/10 CIMB Swiber 1.15 1.65 Outperform PER12x
05/14/10 CIMB Swiber 1.09 1.65 Outperform PER12x
05/18/10 CIMB Swiber 1.09 1.65 Outperform
05/21/10 CIMB Swiber 1 1.65 Outperform PER12x
05/31/10 CIMB Swiber 0.96 1.65 Outperform
06/08/10 CIMB Swiber 0.92 1.65 Outperform
08/06/10 CIMB Swiber 1.04 1.65 Outperform
08/16/10 CIMB Swiber 1.01 1.42 Outperform PER12x
08/19/10 CIMB Swiber 0.99 1.42 Outperform
09/08/10 CIMB Swiber 1 1.42 Outperform PER12x
11/12/10 CIMB Swiber 1.08 1.37 Outperform PER12x

01/04/10 DBS Vickers Swiber 1.02 1.24 Buy PER5.9x
05/17/10 DBS Vickers Swiber 1.09 1.42 Buy PER10x
11/09/10 DBS Vickers Swiber 1.08 1.28 Buy PER10x
11/15/10 DBS Vickers Swiber 1.04 1.28 Buy PER10x

06/10/10 DMG & Partners Swiber 0.91 1.35 Buy PER10x
06/14/10 DMG & Partners Swiber 0.99 1.35 Buy PER10x
08/16/10 DMG & Partners Swiber 1.01 1.35 Buy PER10x
08/17/10 DMG & Partners Swiber 1.01 1.35 Buy PER10x
11/03/10 DMG & Partners Swiber 1.04 1.35 Buy
11/15/10 DMG & Partners Swiber 1.04 1.25 Buy

09/02/10 Dnb Nor Swiber 0.96 1.5 Buy

01/04/10 OCBC Swiber 1.02 1.1 Hold PER9x
02/19/10 OCBC Swiber 1.05 1.1 Hold
03/03/10 OCBC Swiber 1.03 1.1 Hold
03/05/10 OCBC Swiber 1.03 1.1 Hold
03/26/10 OCBC Swiber 1.05 1.1 Hold
05/06/10 OCBC Swiber 1.12 1.1 Hold
05/17/10 OCBC Swiber 1.09 1.38 Buy PER11x
05/20/10 OCBC Swiber 0.985 1.38 Buy
06/09/10 OCBC Swiber 0.925 1.38 Buy
06/14/10 OCBC Swiber 0.945 1.38 Buy
07/08/10 OCBC Swiber 0.97 1.38 Buy
07/15/10 OCBC Swiber 1.01 1.38 Buy
08/17/10 OCBC Swiber 0.995 1.33 Buy
09/02/10 OCBC Swiber 0.96 1.33 Buy
09/13/10 OCBC Swiber 1.01 1.38 Buy
09/27/10 OCBC Swiber 1.08 1.33 Buy
10/04/10 OCBC Swiber 1.07 1.33 Buy
11/12/10 OCBC Swiber 1.08 1.33 Buy Under Review
11/15/10 OCBC Swiber 1.04 1.33 Buy PER11x

Super Group - Do people still appreciate coffee now?

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

04/30/10 DMG & Partners Super Coffeemix 0.815 1.1 Buy PER11.3x
05/17/10 DMG & Partners Super Coffeemix 0.93 1.1 Buy
05/26/10 DMG & Partners Super Coffeemix 0.82 1.1 Buy
08/12/10 DMG & Partners Super Coffeemix 0.905 1.1 Buy
08/25/10 DMG & Partners Super Coffeemix 0.895 1.1 Buy
09/03/10 DMG & Partners Super Coffeemix 0.955 1.06 Buy PER11x
11/15/10 DMG & Partners Super Group / Coffeemix 1.31 1.24 Neutral PER14.6x

05/04/10 Kim Eng Super Coffeemix 0.875 1.33 Buy Sum of parts
05/17/10 Kim Eng Super Coffeemix 0.925 1.33 Buy Sum of parts
08/12/10 Kim Eng Super Coffeemix 0.905 1.37 Buy Sum of parts
11/12/10 Kim Eng Super Group / Coffeemix 1.31 1.81 Buy

Baltic Dry Index (BDI) - 2199 now!

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, rose 0.92 per cent, or 20 points, to 2,199 in a second session of gains after falling for 17 straight sessions previously.

End Quote

Sunvic Chemical - Target price is being upgraded this month.

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

09/15/10 phillip Sunvic Chemical 0.385 0.6 Buy PER5.5x
11/11/10 phillip Sunvic Chemical 0.675 0.95 Buy PER6x

Suntec Reit - Is this a good reit?

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

02/02/10 CIMB Suntec Reit 1.3 1.59 Outperform
03/25/10 CIMB Suntec Reit 1.35 1.59 Outperform
04/19/10 CIMB Suntec Reit 1.39 1.59 Outperform
04/28/10 CIMB Suntec Reit 1.38 1.59 Outperform DDM
05/18/10 CIMB Suntec Reit 1.31 1.59 Outperform
05/20/10 CIMB Suntec Reit 1.3 1.6 Outperform DDM
06/15/10 CIMB Suntec Reit 1.31 1.6 Outperform
07/23/10 CIMB Suntec Reit 1.44 1.6 Outperform DDM
10/27/10 CIMB Suntec Reit 1.56 1.63 Outperform
11/09/10 CIMB Suntec Reit 1.54 1.55 Neutral DDM
11/18/10 CIMB Suntec Reit 1.47 1.55 Neutral DDM

01/26/10 DBS Vickers Suntec Reit 1.33 1.47 Buy DCF
06/08/10 DBS Vickers Suntec Reit 1.3 1.47 Buy DCF
08/18/10 DBS Vickers Suntec Reit 1.4 1.55 Buy
08/23/10 DBS Vickers Suntec Reit 1.39 1.55 Buy
08/31/10 DBS Vickers Suntec Reit 1.4 1.55 Buy
09/27/10 DBS Vickers Suntec Reit 1.53 1.55 Hold
10/27/10 DBS Vickers Suntec Reit 1.56 1.66 Buy

01/25/10 DMG & Partners Suntec Reit 1.33 1.56 Buy Div Yield 6.5%
03/02/10 DMG & Partners Suntec Reit 1.29 1.56 Buy DDM
04/28/10 DMG & Partners Suntec Reit 1.38 1.56 Buy DDM
07/23/10 DMG & Partners Suntec Reit 1.44 1.71 Buy DDM
08/12/10 DMG & Partners Suntec Reit 1.37 1.71 Buy
09/24/10 DMG & Partners Suntec Reit 1.5 1.71 Buy
10/28/10 DMG & Partners Suntec Reit 1.56 1.71 Buy DDM

10/28/10 JP Morgan Suntec Reit 1.54 1.35 Underweight

01/04/10 OCBC Suntec Reit 1.35 1.4 Buy
02/01/10 OCBC Suntec Reit 1.3 1.44 Buy
03/04/10 OCBC Suntec Reit 1.33 1.44 Buy
04/14/10 OCBC Suntec Reit 1.4 1.44 Buy
05/12/10 OCBC Suntec Reit 1.3 1.44 Buy
06/14/10 OCBC Suntec Reit 1.3 1.44 Buy
07/12/10 OCBC Suntec Reit 1.37 1.44 Buy
09/30/10 OCBC Suntec Reit 1.5 1.44 Hold
10/08/10 OCBC Suntec Reit 1.51 1.44 Hold
10/28/10 OCBC Suntec Reit 1.54 1.64 Buy
11/09/10 OCBC Suntec Reit 1.54 1.64 Buy Under Review
11/19/10 OCBC Suntec Reit 1.45 1.63 Buy

01/26/10 phillip Suntec Reit 1.33 1.21 Hold
04/29/10 phillip Suntec Reit 1.37 1.34 Hold
07/23/10 phillip Suntec Reit 1.44 1.34 Hold
10/27/10 phillip Suntec Reit 1.56 1.34 Hold

Baltic Dry Index (BDI) - 2179 now!

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal, and fertiliser, rose 1.11 per cent, or 24 points, to 2,179 points in the first gain since Oct 28. The index had fallen for 17 straight sessions previously, dropping over 20 per cent.

End Quote

First was Greece, then came Ireland, so who's next?

It seems that the financial problems in EU are deep rooted and are spreading insidiously across Europe.

First, it was Greece to be bailed out.  Then, Ireland also started to seek bailout recently.  Just how many more countries can IMF and EU save?  Portugal and Spain are still struggling now but the last draw will be the collapse of Spain.

Why? Well, the financial strains in Spain are twice bigger than the problems of Greece, Ireland & Portugal added together.

Sunpower - This stock has the power of the sun.

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

08/11/10 phillip Sunpower 0.29 0.46 Buy 58.62068966
11/12/10 phillip Sunpower 0.325 0.56 Buy 72.30769231 PER13.3x

STX Pan Ocean - Not a good shipper!

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

02/22/10 CIMB STX Pan Ocean 13.8 17.3 Outperform Sum of parts
05/14/10 CIMB STX Pan Ocean 15 17.3 Outperform Sum of parts
05/18/10 CIMB STX Pan Ocean 15 17.3 Outperform
08/13/10 CIMB STX Pan Ocean 13.6 13.9 Neutral Sum of parts (10% discount)
08/16/10 CIMB STX Pan Ocean 13.88 13.9 Neutral Sum of parts (10% discount)
11/12/10 CIMB STX Pan Ocean 15.52 13.9 Underperform Sum of parts (10% discount)
11/15/10 CIMB STX Pan Ocean 14.62 13.85 Underperform Sum of parts (10% discount)

02/22/10 DBS Vickers STX Pan Ocean 13.8 10.5 Fully Valued PB0.7x

Straits Asia - No longer in favour?

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

01/13/10 CIMB Straits Asia 2.6 3.37 Trading Buy DCF
03/08/10 CIMB Straits Asia 1.99 2.09 Neutral DCF
08/16/10 CIMB Straits Asia 2.08 1.95 Underperform DCF
11/03/10 CIMB Straits Asia 2.32 2.01 Underperform DCF

01/19/10 DBS Vickers Straits Asia 2.57 3.35 Buy DCF
02/25/10 DBS Vickers Straits Asia 2.14 3.2 Buy DCF
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

04/08/10 DMG & Partners Straits Asia 1.19 1.4 Buy PER15x
04/12/10 DMG & Partners Straits Asia 2.21 2.08 Neutral DCF
04/29/10 DMG & Partners Straits Asia 2.04 2.08 Neutral DCF, PER11.4x
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

08/02/10 Merrill Lynch Straits Asia 2.14 2.87 Buy DCF

11/04/10 Nomura Straits Asia 2.33 2.8 Buy

01/20/10 OCBC Straits Asia 2.57 2.49 Hold
02/25/10 OCBC Straits Asia 2.14 1.73 Sell
03/05/10 OCBC Straits Asia 1.97 1.76 Sell
03/10/10 OCBC Straits Asia 2.12 1.76 Sell
04/27/10 OCBC Straits Asia 2.11 1.76 Sell
04/29/10 OCBC Straits Asia 2.04 1.8 Sell
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

STATS - Sell call by Lim & Tan

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

01/05/10 Lim & Tan STATS 1.09 0 Buy
04/28/10 Lim & Tan STATS 1.15 0 Buy
05/24/10 Lim & Tan STATS 0.97 0 Buy
06/09/10 Lim & Tan STATS 1.07 0 Buy
06/14/10 Lim & Tan STATS 1.08 0 Buy
06/16/10 Lim & Tan STATS 1.07 0 Buy
06/18/10 Lim & Tan STATS 1.08 0 Buy
08/02/10 Lim & Tan STATS 1.15 0 Buy
08/05/10 Lim & Tan STATS 1.23 0 Buy
10/29/10 Lim & Tan STATS 0.985 0 Sell

Starhub - It looks like this stock is no better than Singtel.

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

05/07/10 AmFraser Starhub 2.27 1.88 Sell
05/10/10 AmFraser Starhub 2.19 1.88 Sell
08/06/10 AmFraser Starhub 2.33 1.88 Sell

02/05/10 CIMB Starhub 2.17 2.14 Underperform DCF
03/05/10 CIMB Starhub 2.17 2.14 Underperform
04/15/10 CIMB Starhub 2.38 2.14 Underperform
05/12/10 CIMB Starhub 2.18 2.14 Underperform
05/18/10 CIMB Starhub 2.23 2.14 Underperform
05/19/10 CIMB Starhub 2.27 2.14 Underperform
08/06/10 CIMB Starhub 2.33 2.14 Underperform DCF
08/30/10 CIMB Starhub 2.38 2.14 Underperform
09/03/10 CIMB Starhub 2.52 2.14 Underperform DCF
10/18/10 CIMB Starhub 2.62 2.24 Underperform DCF
11/10/10 CIMB Starhub 2.8 2.5 Underperform DCF

01/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
02/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
03/15/10 DBS Vickers Starhub 2.15 2.06 Fully Valued
05/07/10 DBS Vickers Starhub 2.27 2.06 Fully Valued
07/28/10 DBS Vickers Starhub 2.31 2.2 Fully Valued DCF
07/30/10 DBS Vickers Starhub 2.35 2.2 Fully Valued
08/06/10 DBS Vickers Starhub 2.33 2.2 Fully Valued DCF
08/18/10 DBS Vickers Starhub 2.38 2.2 Fully Valued
09/01/10 DBS Vickers Starhub 2.46 2.2 Fully Valued
09/03/10 DBS Vickers Starhub 2.52 2.2 Fully Valued
09/07/10 DBS Vickers Starhub 2.49 2.2 Fully Valued
11/04/10 DBS Vickers Starhub 2.76 2.2 Sell DCF

02/05/10 DMG & Partners Starhub 2.17 2.2 Neutral DCF
04/09/10 DMG & Partners Starhub 2.35 2.2 Neutral
04/28/10 DMG & Partners Starhub 2.38 2.2 Neutral
05/07/10 DMG & Partners Starhub 2.27 2.15 Neutral DCF
05/10/10 DMG & Partners Starhub 2.19 2.15 Neutral
07/22/10 DMG & Partners Starhub 2.32 2.15 Neutral
08/06/10 DMG & Partners Starhub 2.32 2.15 Neutral
09/01/10 DMG & Partners Starhub 2.46 2.15 Neutral
09/02/10 DMG & Partners Starhub 2.46 2.15 Neutral
09/07/10 DMG & Partners Starhub 2.49 2.15 Neutral
11/10/10 DMG & Partners Starhub 2.8 2.85 Neutral DCF

02/05/10 Kim Eng Starhub 2.17 1.8 Sell PER10x
03/18/10 Kim Eng Starhub 2.23 1.8 Sell
08/06/10 Kim Eng Starhub 2.33 2.78 Buy PER15x
10/06/10 Kim Eng Starhub 2.6 2.78 Buy
11/10/10 Kim Eng Starhub 2.8 3.27 Buy Yield 5.5%

01/29/10 OCBC Starhub 2.1 2.29 Buy
02/05/10 OCBC Starhub 2.17 2.29 Buy
03/30/10 OCBC Starhub 2.3 2.44 Buy DCF
05/19/10 OCBC Starhub 2.27 2.32 Buy 8.8% Div Yield
06/16/10 OCBC Starhub 2.24 2.32 Buy Div Yield 8.8%
07/06/10 OCBC Starhub 2.29 2.32 Buy
07/28/10 OCBC Starhub 2.31 2.32 Buy Div Yield 8.8%
09/01/10 OCBC Starhub 2.46 2.41 Buy Div Yield 7.3%
09/02/10 OCBC Starhub 2.46 2.41 Buy
10/11/10 OCBC Starhub 2.57 2.58 Buy Div Yield 7%

02/05/10 phillip Starhub 2.17 2.05 Hold DCF
05/07/10 phillip Starhub 2.27 1.92 Sell
08/06/10 phillip Starhub 2.33 2.16 Hold DCF
09/03/10 phillip Starhub 2.52 2.41 Hold
11/10/10 phillip Starhub 2.8 2.63 Hold

ST Engineering - This company covers businesses from the air, sea & land!

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

02/19/10 CIMB ST Engineering 3.19 2.98 Underperform PER20.1x
04/01/10 CIMB ST Engineering 3.19 3.62 Outperform PER18.5x
05/05/10 CIMB ST Engineering 3.13 3.62 Outperform Blended (PER, DCF, Div Yield)
05/18/10 CIMB ST Engineering 3.22 3.62 Outperform
08/04/10 CIMB ST Engineering 3.26 3.62 Outperform
11/10/10 CIMB ST Engineering 3.47 3.88 Outperform DCF & PER

01/06/10 DBS Vickers ST Engineering 3.27 3.8 Buy PER23x
01/18/10 DBS Vickers ST Engineering 3.22 3.8 Buy
02/19/10 DBS Vickers ST Engineering 3.19 3.6 Buy
05/05/10 DBS Vickers ST Engineering 3.13 3.55 Buy
08/04/10 DBS Vickers ST Engineering 3.26 3.55 Buy
08/20/10 DBS Vickers ST Engineering 3.15 3.55 Buy
11/10/10 DBS Vickers ST Engineering 3.47 3.85 Buy Sum of parts

05/05/10 DMG & Partners ST Engineering 3.13 3.15 Hold PER19.9x

02/19/10 Kim Eng ST Engineering 3.19 3.15 Hold PER19x
04/01/10 Kim Eng ST Engineering 3.19 3.15 Hold PER19.3x
04/09/10 Kim Eng ST Engineering 3.28 3.15 Hold PER15x
08/04/10 Kim Eng ST Engineering 3.26 3.15 Hold PER20x
09/30/10 Kim Eng ST Engineering 3.37 3.15 Hold
11/10/10 Kim Eng ST Engineering 3.47 3.15 Hold

08/04/10 Macquarie ST Engineering 3.26 3.8 Outperform

09/20/10 OCBC ST Engineering 3.32 3.66 Buy PER20x
11/09/10 OCBC ST Engineering 3.4 3.66 Buy

07/15/10 phillip ST Engineering 3.28 3.64 Buy FCFE Model
08/04/10 phillip ST Engineering 3.26 3.64 Buy
09/21/10 phillip ST Engineering 3.29 3.69 Buy FCFE Model
11/10/10 phillip ST Engineering 3.47 3.88 Buy

SPH - Is monopoly really good for this stock?

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

03/15/10 CIMB SPH 3.8 4.5 Outperform Sum of parts
04/14/10 CIMB SPH 3.93 4.5 Outperform Sum of parts
05/18/10 CIMB SPH 3.84 4.5 Outperform
06/02/10 CIMB SPH 3.69 4.43 Outperform Sum of parts
07/13/10 CIMB SPH 3.93 4.47 Outperform Sum of parts
09/03/10 CIMB SPH 4.15 4.47 Outperform Sum of parts
10/13/10 CIMB SPH 4.22 4.51 Neutral Sum of parts

01/14/10 DBS Vickers SPH 3.82 4.33 Buy Div Yield 6.8%
01/14/10 DBS Vickers SPH 3.66 4.33 Buy Sum of parts
02/23/10 DBS Vickers SPH 3.73 4.33 Buy
03/05/10 DBS Vickers SPH 3.77 4.32 Buy Sum of parts
03/08/10 DBS Vickers SPH 3.8 4.32 Buy
04/14/10 DBS Vickers SPH 3.93 4.32 Buy
04/15/10 DBS Vickers SPH 3.97 4.42 Buy Sum of parts
05/27/10 DBS Vickers SPH 3.73 4.42 Buy Sum of parts
06/04/10 DBS Vickers SPH 3.79 4.42 Buy
07/13/10 DBS Vickers SPH 3.93 4.42 Buy Sum of parts
08/23/10 DBS Vickers SPH 3.98 4.42 Buy
09/08/10 DBS Vickers SPH 4.18 4.52 Buy Sum of parts
10/13/10 DBS Vickers SPH 4.22 4.37 Hold Sum of parts

04/14/10 DMG & Partners SPH 3.93 3.95 Neutral Sum of parts
07/13/10 DMG & Partners SPH 3.93 4.31 Neutral Sum of parts
10/13/10 DMG & Partners SPH 4.22 4.11 Neutral

01/14/10 Kim Eng SPH 3.66 4.47 Buy
04/14/10 Kim Eng SPH 3.93 4.61 Buy
07/13/10 Kim Eng SPH 3.93 4.62 Buy Sum of parts
09/07/10 Kim Eng SPH 4.17 4.62 Buy Sum of parts
10/13/10 Kim Eng SPH 4.22 4.7 Buy Sum of parts

01/14/10 Lim & Tan SPH 3.66 0 Buy Div Yield 6.8%
07/13/10 Lim & Tan SPH 3.93 0 Buy
09/03/10 Lim & Tan SPH 4.15 0 Buy
10/04/10 Lim & Tan SPH 4.24 0 Buy
10/13/10 Lim & Tan SPH 4.22 0 Buy Div Yield 6.4%

04/14/10 OCBC SPH 3.97 4.31 Buy Sum of parts
07/13/10 OCBC SPH 3.93 4.63 Buy Sum of parts
09/02/10 OCBC SPH 4.08 4.63 Buy

10/14/10 UOB Kay Hian SPH 4.25 4.35 Hold