Cerebos - Target price was upgraded by CIMB.

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

06/01/10 CIMB Cerebos 3.91 5.34 Outperform Sum of parts
08/16/10 CIMB Cerebos 4.15 5.98 Outperform Sum of parts
11/15/10 CIMB Cerebos 4.97 6.91 Outperform Sum of parts

CDL Hospitality - Downgraded by analysts recently.

01/29/10 CIMB CDL Hospitality 1.76 2.01 Outperform DDM
03/25/10 CIMB CDL Hospitality 1.76 2.01 Outperform
04/19/10 CIMB CDL Hospitality 1.95 2.01 Outperform
05/03/10 CIMB CDL Hospitality 1.93 2.2 Outperform DDM
05/18/10 CIMB CDL Hospitality 1.92 2.2 Outperform
07/09/10 CIMB CDL Hospitality 1.77 2.04 Outperform DDM
09/27/10 CIMB CDL Hospitality 2.04 2.3 Outperform DDM
10/29/10 CIMB CDL Hospitality 2.15 2.21 Neutral DDM
11/18/10 CIMB CDL Hospitality 2.06 2.21 Neutral DDM

06/23/10 Citigroup CDL Hospitality 1.75 1.63 Sell

01/04/10 DBS Vickers CDL Hospitality 1.65 1.77 Buy
01/28/10 DBS Vickers CDL Hospitality 1.66 2 Buy DDM
01/29/10 DBS Vickers CDL Hospitality 1.76 2.11 Buy
02/22/10 DBS Vickers CDL Hospitality 1.67 2.11 Buy
03/08/10 DBS Vickers CDL Hospitality 1.68 2.11 Buy DDM
04/09/10 DBS Vickers CDL Hospitality 1.84 2.11 Buy
04/15/10 DBS Vickers CDL Hospitality 1.89 2.11 Buy
04/30/10 DBS Vickers CDL Hospitality 1.9 2.11 Buy
05/03/10 DBS Vickers CDL Hospitality 1.93 2.2 Buy
07/01/10 DBS Vickers CDL Hospitality 1.75 2.03 Buy
07/28/10 DBS Vickers CDL Hospitality 1.94 2.14 Buy Div Yield 6.5%
08/18/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy
08/20/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy
08/23/10 DBS Vickers CDL Hospitality 2.07 2.14 Buy
08/31/10 DBS Vickers CDL Hospitality 2.01 2.14 Buy
09/27/10 DBS Vickers CDL Hospitality 2.04 2.28 Buy
11/22/10 DBS Vickers CDL Hospitality 2.06 2.28 Buy
11/23/10 DBS Vickers CDL Hospitality 2.07 2.28 Buy
12/13/10 DBS Vickers CDL Hospitality 2.01 2.28 Buy
12/17/10 DBS Vickers CDL Hospitality 2.07 2.28 Buy

01/27/10 DMG & Partners CDL Hospitality 1.62 2.15 Buy DDM
01/29/10 DMG & Partners CDL Hospitality 1.76 2.3 Buy DDM
03/29/10 DMG & Partners CDL Hospitality 1.73 2.3 Buy
04/01/10 DMG & Partners CDL Hospitality 1.76 2.3 Buy
04/06/10 DMG & Partners CDL Hospitality 1.87 2.3 Buy 5% yield
04/28/10 DMG & Partners CDL Hospitality 1.89 2.3 Buy
05/03/10 DMG & Partners CDL Hospitality 1.93 2.3 Buy DDM
06/22/10 DMG & Partners CDL Hospitality 1.89 2.3 Buy DDM
07/28/10 DMG & Partners CDL Hospitality 1.94 2.3 Buy DDM
07/29/10 DMG & Partners CDL Hospitality 1.94 2.3 Buy DDM
10/29/10 DMG & Partners CDL Hospitality 2.15 2.3 Under Review DDM

01/29/10 Lim & Tan CDL Hospitality 1.76 0 Buy
06/23/10 Lim & Tan CDL Hospitality 1.89 0 Buy

12/06/10 OCBC CDL Hospitality 2.01 2.28 Buy
12/08/10 OCBC CDL Hospitality 12.46 12.35 Neutral RNAV

02/01/10 phillip CDL Hospitality 1.8 1.96 Hold
05/03/10 phillip CDL Hospitality 1.93 1.96 Hold
05/03/10 phillip CDL Hospitality 1.93 1.96 Hold
06/24/10 phillip CDL Hospitality 1.77 1.92 Hold
06/24/10 phillip CDL Hospitality 1.77 1.92 Hold
07/29/10 phillip CDL Hospitality 2 1.93 Hold

Capitamalls Asia - Mostly buy calls from analysts.

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

10/29/10 CIMB Capitamalls Asia 2.14 2.13 Underperform

08/04/10 DBS Vickers Capitamalls Asia 2.16 2.58 Buy RNAV (10% premium)
10/29/10 DBS Vickers Capitamalls Asia 2.14 2.59 Buy RNAV (10% premium)
11/01/10 DBS Vickers Capitamalls Asia 2.14 2.59 Buy
11/08/10 DBS Vickers Capitamalls Asia 2.12 2.59 Buy

09/09/10 DIR Capitamalls Asia 2.2 2.65 Outperform RNAV

12/23/10 IIFL Capitamalls Asia 1.88 2.21 Add

07/05/10 OCBC Capitamalls Asia 2.05 2.4 Buy
07/16/10 OCBC Capitamalls Asia 2.07 2.4 Buy
08/04/10 OCBC Capitamalls Asia 2.16 2.4 Buy Under Review
09/14/10 OCBC Capitamalls Asia 2.25 2.4 Buy RNAV, Under Review
10/29/10 OCBC Capitamalls Asia 2.14 2.4 Under Review RNAV
11/02/10 OCBC Capitamalls Asia 1.98 2.4 Buy Under Review
12/08/10 OCBC Capitamalls Asia 2 2.4 Buy Under Review

Capitamall Trust - Mixed calls from analysts.

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

07/23/10 CIMB Capitamall Trust 1.98 1.93 Neutral DDM
10/25/10 CIMB Capitamall Trust 2.02 1.98 Underperform DDM
11/18/10 CIMB Capitamall Trust 1.94 1.98 Underperform DDM

08/23/10 DBS Vickers Capitamall Trust 1.97 2.09 Buy
10/25/10 DBS Vickers Capitamall Trust 2.02 2.09 Buy DCF
12/17/10 DBS Vickers Capitamall Trust 1.92 2.09 Buy

10/22/10 DMG & Partners Capitamall Trust 2.01 2.05 Neutral DDM

12/10/10 HSBC Capitamall Trust 1.94 2.22 Overweight

07/23/10 JP Morgan Capitamall Trust 1.98 2.15 Overweight

07/23/10 Kim Eng Capitamall Trust 1.98 2.23 Buy DDM
10/25/10 Kim Eng Capitamall Trust 2.02 2.27 Buy DDM

09/24/10 OCBC Capitamall Trust 2.06 2.01 Hold RNAV
09/30/10 OCBC Capitamall Trust 2.07 2.01 Hold
10/08/10 OCBC Capitamall Trust 2.14 2.01 Hold
11/09/10 OCBC Capitamall Trust 2 2.05 Hold Under Review
12/10/10 OCBC Capitamall Trust 1.94 2.05 Hold RNAV

Capitaland - 4 buy calls, 1 sell call & 3 neutral calls for this property developer.

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

08/30/10 AmFraser Capitaland 4 4.84 Buy
11/03/10 AmFraser Capitaland 3.85 4.84 Buy RNAV

08/05/10 CIMB Capitaland 4.08 4.11 Neutral RNAV
08/23/10 CIMB Capitaland 4.05 4.15 Neutral RNAV

06/16/10 DBS Vickers Capitaland 3.75 5.03 Buy
07/16/10 DBS Vickers Capitaland 3.78 5.03 Buy
08/05/10 DBS Vickers Capitaland 4.08 4.93 Buy RNAV (10% discount)
08/17/10 DBS Vickers Capitaland 3.95 4.93 Buy
10/28/10 DBS Vickers Capitaland 3.92 4.94 Buy
11/01/10 DBS Vickers Capitaland 3.89 4.96 Buy RNAV (10% discount)
12/16/10 DBS Vickers Capitaland 3.68 4.95 Buy
12/20/10 DBS Vickers Capitaland 3.62 4.96 Buy

06/16/10 DMG & Partners Capitaland 3.75 4.32 Neutral RNAV
06/17/10 DMG & Partners Capitaland 3.75 4.32 Neutral RNAV
08/05/10 DMG & Partners Capitaland 4.08 4.32 Neutral RNAV
08/23/10 DMG & Partners Capitaland 4.05 4.33 Neutral
10/22/10 DMG & Partners Capitaland 4.06 4.33 Neutral

06/11/10 Kim Eng Capitaland 3.54 5.15 Buy RNAV (15% premium)
08/05/10 Kim Eng Capitaland 4.08 5 Buy PB1.15x
08/23/10 Kim Eng Capitaland 4.05 5 Buy PB1.15x
09/09/10 Kim Eng Capitaland 3.94 5.08 Buy RNAV (15% discount)
11/01/10 Kim Eng Capitaland 3.89 4.88 Buy RNAV (10% premium)
12/15/10 Kim Eng Capitaland 3.68 4.74 Buy RNAV (10% premium)

11/23/10 Lim & Tan Capitaland 3.77 0 Neutral
11/26/10 Lim & Tan Capitaland 3.73 0 Neutral

06/03/10 OCBC Capitaland 3.51 4.97 Buy RNAV
06/07/10 OCBC Capitaland 3.6 4.97 Buy RNAV
06/16/10 OCBC Capitaland 3.75 4.97 Buy
07/05/10 OCBC Capitaland 3.62 4.97 Buy
07/16/10 OCBC Capitaland 3.78 4.97 Buy
11/02/10 OCBC Capitaland 3.84 4.54 Buy
11/16/10 OCBC Capitaland 3.8 4.96 Buy
12/06/10 OCBC Capitaland 3.67 4.95 Buy
12/08/10 OCBC Capitaland 3.69 4.54 Buy RNAV

12/14/10 RBS Capitaland 3.66 3.2 Sell

Capitacommercial - Hold calls from most analysts.

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

06/15/10 CIMB CapitaCommercial 1.17 1.37 Outperform
07/19/10 CIMB CapitaCommercial 1.32 1.37 Outperform DDM
07/22/10 CIMB CapitaCommercial 1.35 1.27 Neutral DDM
10/21/10 CIMB CapitaCommercial 1.44 1.41 Neutral DDM
10/22/10 CIMB CapitaCommercial 1.45 1.41 Neutral DDM
11/18/10 CIMB CapitaCommercial 1.46 1.41 Neutral DDM

07/22/10 Citigroup CapitaCommercial 1.35 1.42 Hold

07/19/10 DBS Vickers CapitaCommercial 1.32 1.3 Hold DCF
07/22/10 DBS Vickers CapitaCommercial 1.33 1.33 Hold
10/22/10 DBS Vickers CapitaCommercial 1.45 1.47 Hold DCF

07/16/10 DMG & Partners CapitaCommercial 1.32 1.24 Neutral
07/20/10 DMG & Partners CapitaCommercial 1.32 1.24 Neutral
07/22/10 DMG & Partners CapitaCommercial 1.33 1.24 Neutral DDM
08/12/10 DMG & Partners CapitaCommercial 1.36 1.24 Neutral
09/24/10 DMG & Partners CapitaCommercial 1.48 1.24 Neutral
10/22/10 DMG & Partners CapitaCommercial 1.44 1.55 Neutral

07/22/10 Kim Eng CapitaCommercial 1.35 1.2 Hold DDM
09/22/10 Kim Eng CapitaCommercial 1.41 1.2 Hold DDM
10/22/10 Kim Eng CapitaCommercial 1.45 1.25 Hold

06/24/10 Lim & Tan CapitaCommercial 1.18 0 Buy
06/29/10 Lim & Tan CapitaCommercial 1.22 0 Buy

06/01/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV
07/07/10 OCBC CapitaCommercial 1.23 1.26 Hold RNAV
07/12/10 OCBC CapitaCommercial 1.33 1.26 Hold
09/30/10 OCBC CapitaCommercial 1.46 1.26 Hold
10/07/10 OCBC CapitaCommercial 1.44 1.5 Hold RNAV
10/28/10 OCBC CapitaCommercial 1.46 1.52 Hold
12/10/10 OCBC CapitaCommercial 1.48 1.52 Hold RNAV

Cambridge Industrial - Analysts are confused about this reit.

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

07/16/10 DBS Vickers Cambridge Industrial 0.51 0.54 Buy
09/30/10 DBS Vickers Cambridge Industrial 0.545 0.54 Hold
10/25/10 DBS Vickers Cambridge Industrial 0.55 0.58 Buy

07/16/10 DMG & Partners Cambridge Industrial 0.51 0.64 Buy
08/13/10 DMG & Partners Cambridge Industrial 0.505 0.62 Buy DCF
10/21/10 DMG & Partners Cambridge Industrial 0.565 0.62 Buy DDM

07/19/10 phillip Cambridge Industrial 0.515 0.51 Hold
08/16/10 phillip Cambridge Industrial 0.51 0.52 Hold DCF
10/25/10 phillip Cambridge Industrial 0.55 0.61 Hold

Cache Logistics - Everyone likes this stock.

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

04/12/10 CIMB Cache Logistics 0.88 1.23 Outperform DDM
05/18/10 CIMB Cache Logistics 0.96 1.23 Outperform
07/30/10 CIMB Cache Logistics 1.01 1.26 Outperform DDM
10/29/10 CIMB Cache Logistics 0.99 1.3 Outperform DDM
11/18/10 CIMB Cache Logistics 0.95 1.3 Outperform DDM

06/09/10 DBS Vickers Cache Logistics 0.95 1.05 Buy DDM
07/30/10 DBS Vickers Cache Logistics 1.01 1.08 Buy
10/29/10 DBS Vickers Cache Logistics 0.99 1.11 Buy
12/17/10 DBS Vickers Cache Logistics 0.94 1.11 Buy

04/12/10 DMG & Partners Cache Logistics 0.88 1.0225 Buy IPO

C&O Pharm - Buy calls from analysts.

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

09/02/10 DMG & Partners C&O Pharm 0.47 0.62 Buy PER13x
10/22/10 DMG & Partners C&O Pharm 0.49 0.62 Buy PER13x
11/16/10 DMG & Partners C&O Pharm 0.475 0.62 Buy PER13x

11/15/10 phillip C&O Pharm 0.475 0.65 Buy DCF, PER13.7x
12/03/10 phillip C&O Pharm 0.495 0.65 Buy DCF, PER13.7x

CNA - DMG downgraded this stock!

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

07/01/10 DMG & Partners CNA 0.235 0.26 Neutral PER3.7x
08/23/10 DMG & Partners CNA 0.23 0.23 Neutral PER7x
12/03/10 DMG & Partners CNA 0.215 0.19 Sell
12/07/10 DMG & Partners CNA 0.2 0.19 Sell PER7x

Bukit Sembawang - A lousy property developer?

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

07/02/10 CIMB Bukit Sembawang 4.76 4.8 Underperform RNAV (30% discount)
11/15/10 CIMB Bukit Sembawang 4.89 4.8 Underperform RNAV (30% discount)

07/16/10 DBS Vickers Bukit Sembawang 4.8 5.25 Hold
08/10/10 DBS Vickers Bukit Sembawang 4.83 5.25 Hold RNAV (40% discount)
12/20/10 DBS Vickers Bukit Sembawang 4.62 5.25 Hold

11/16/10 OCBC Bukit Sembawang 4.82 5.21 Hold

Baltic Dry Index (BDI) - 1830

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal, and fertiliser, fell 2.97 per cent, or 56 points, to 1,830 points and was at its lowest since July 23.


End Quote.

Broadway - Target prices were downgraded by analysts.

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

06/24/10 CIMB Broadway 1.12 1.86 Outperform PER8x
07/23/10 CIMB Broadway 1.14 1.86 Outperform PER8x
07/29/10 CIMB Broadway 1.23 1.86 Outperform PER8x
09/06/10 CIMB Broadway 1.15 1.86 Outperform PER8x
10/26/10 CIMB Broadway 1.23 1.86 Outperform PER8x
10/28/10 CIMB Broadway 1.21 1.82 Outperform PER8x

07/15/10 DBS Vickers Broadway 1.17 1.5 Buy PER7x
07/29/10 DBS Vickers Broadway 1.23 1.5 Buy PER7x
10/22/10 DBS Vickers Broadway 1.22 1.5 Buy
10/28/10 DBS Vickers Broadway 1.21 1.34 Hold PER6x

07/29/10 DMG & Partners Broadway 1.23 1.46 Buy
08/03/10 DMG & Partners Broadway 1.15 1.46 Buy PER6.9x
09/27/10 DMG & Partners Broadway 1.18 1.46 Buy
10/28/10 DMG & Partners Broadway 1.21 1.39 Buy PER7x

07/29/10 Lim & Tan Broadway 1.23 0 Buy
10/28/10 Lim & Tan Broadway 1.21 0 Neutral

Breadtalk - Nobody likes bread anymore.

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

09/15/10 JP Morgan Breadtalk 0.58 0.7 Overweight PER7x

01/29/10 Kim Eng Breadtalk 0.645 1 Buy
02/26/10 Kim Eng Breadtalk 0.705 1 Buy
05/26/10 Kim Eng Breadtalk 0.49 0.7 Buy
08/12/10 Kim Eng Breadtalk 0.56 0.66 Hold DCF
11/15/10 Kim Eng Breadtalk 0.65 0.66 Hold

Boustead - Downgraded by DBS Vickers.

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

01/05/10 DBS Vickers Boustead 0.79 1 Buy Sum of parts
02/09/10 DBS Vickers Boustead 0.79 1 Buy Sum of parts
05/27/10 DBS Vickers Boustead 0.78 1 Buy Sum of parts
06/21/10 DBS Vickers Boustead 0.875 1.1 Buy
06/30/10 DBS Vickers Boustead 0.85 1.1 Buy
09/27/10 DBS Vickers Boustead 1 1.1 Buy
12/02/10 DBS Vickers Boustead 1.12 1 Hold Sum of parts

Biosensors - A good bio-tech firm!

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

09/16/10 DBS Vickers Biosensors 0.84 1.2 Buy Sum of parts
09/27/10 DBS Vickers Biosensors 1.01 1.2 Buy
10/14/10 DBS Vickers Biosensors 1.06 1.2 Buy

10/15/10 OCBC Biosensors 1.04 1.3 Outperform FCFE Model
11/04/10 OCBC Biosensors 1.16 1.3 Buy
11/10/10 OCBC Biosensors 1.22 1.35 Buy DCF
12/01/10 OCBC Biosensors 1.18 1.35 Buy DCF
12/06/10 OCBC Biosensors 1.19 1.35 Buy

Beyonics - Sell call by Lim & Tan.

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

06/07/10 Lim & Tan Beyonics 0.23 0 Sell
09/29/10 Lim & Tan Beyonics 0.24 0 Sell

Baltic Dry Index (BDI) - 1955

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over four months on Monday as weaker activity on the smaller panamaxes weighed on sentiment. The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal as well as fertiliser, fell 2.2 per cent, or 44 points, to 1,955 points in a tenth straight drop - falling to its lowest since July 29.

End Quote.

Berlian Laju - A different kind of shipper!

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

05/27/10 CIMB Berlian Laju 0.06 0.15 Outperform Sum of parts (15% discount)
07/15/10 CIMB Berlian Laju 0.045 0.11 Outperform Sum of parts

BBR - DMG loves this stock very much!

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

03/03/10 DMG & Partners BBR 0.255 0.33 Buy PER7.1x
04/07/10 DMG & Partners BBR 0.25 0.33 Buy
05/10/10 DMG & Partners BBR 0.225 0.33 Buy PER7.1x
05/13/10 DMG & Partners BBR 0.235 0.33 Buy PER7.1x
05/14/10 DMG & Partners BBR 0.235 0.33 Buy PER7.1x
06/17/10 DMG & Partners BBR 0.225 0.33 Buy
07/01/10 DMG & Partners BBR 0.215 0.33 Buy
08/13/10 DMG & Partners BBR 0.23 0.33 Buy PER7.1x
09/29/10 DMG & Partners BBR 0.24 0.33 Buy
11/11/10 DMG & Partners BBR 0.25 0.33 Buy PER6.5x
11/23/10 DMG & Partners BBR 0.26 0.33 Buy