Valuetronics - Buy call from OCBC.

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

12/07/10 OCBC Valuetronics 0.235 0.44 Buy PER8x
01/27/11 OCBC Valuetronics 0.245 0.47 Buy

UOL - Buy calls from all analysts.

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

02/23/11 CIMB UOL 4.28 5.55 Outperform RNAV (15% discount)

12/16/10 DBS Vickers UOL 4.68 5.17 Buy
12/20/10 DBS Vickers UOL 4.72 5.23 Buy
02/23/11 DBS Vickers UOL 4.28 5.31 Buy RNAV (10% discount)

01/19/11 Lim & Tan UOL 5.07 0 Hold
02/23/11 Lim & Tan UOL 4.28 0 Buy

12/08/10 OCBC UOL 4.64 5.42 Buy RNAV (10% discount)
01/14/11 OCBC UOL 5.04 5.42 Buy
01/19/11 OCBC UOL 5.07 5.61 Buy RNAV (15% discount)
02/07/11 OCBC UOL 4.99 5.61 Buy RNAV (15% discount)
02/23/11 OCBC UOL 4.28 5.24 Buy RNAV (20% discount)

UOB - CIMB doesn't like this bank.

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

02/10/11 CIMB UOB 19.24 20.83 Underperform PB1.55x & GGM
02/28/11 CIMB UOB 18.28 20.38 Underperform PB1.5x & GGM
03/03/11 CIMB UOB 18.36 20.38 Underperform PB1.5x & GGM

01/28/11 DBS Vickers UOB 19.86 21.5 Buy
02/28/11 DBS Vickers UOB 18.28 21.7 Buy
03/03/11 DBS Vickers UOB 18.4 21.7 Buy PB1.8x & GGM

01/04/11 DMG & Partners UOB 18.2 22 Buy PB1.5x
01/05/11 DMG & Partners UOB 17.8 22 Buy
02/01/11 DMG & Partners UOB 19.84 22 Buy
02/28/11 DMG & Partners UOB 18.24 22 Buy PB1.65x
03/02/11 DMG & Partners UOB 18.4 22 Buy PB1.65x

02/28/11 Kim Eng UOB 18.24 21.5 Buy PB1.65x & GGM

02/28/11 OCBC UOB 18.28 19.7 Buy

02/28/11 phillip UOB 18.28 20.12 Hold

01/21/11 RBS UOB 19.34 23 Buy

United Envirotech - Buy calls from analysts.

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

02/10/11 DMG & Partners United Envirotech 0.45 0.61 Buy PER10.8x

02/01/11 OCBC United Envirotech 0.455 0.69 Buy DCF, Under Review
02/02/11 OCBC United Envirotech 0.435 0.65 Buy DCF

United Engineers - Target price was being downgraded by CIMB.

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

02/16/11 CIMB United Engineers 2.44 3.27 Outperform RNAV (10% discount)
03/02/11 CIMB United Engineers 2.43 3.21 Outperform RNAV (15% discount)

UIC - Fully valued.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
 
12/20/10 DBS Vickers UIC 2.4 2.21 Hold
02/21/11 DBS Vickers UIC 2.78 2.38 Fully Valued RNAV (5% discount)

Tiong Seng - Target price was downgraded by DBS Vickers but retained buy call.

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

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)

Tiger Airways - Look like Tiger really cannot fly.

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

01/12/11 CIMB Tiger Airways 1.8 1.59 Underperform PER8x
01/28/11 CIMB Tiger Airways 1.78 1.59 Underperform
01/31/11 CIMB Tiger Airways 1.77 1.59 Underperform PER8x
02/11/11 CIMB Tiger Airways 1.66 1.64 Underperform PER8x
02/17/11 CIMB Tiger Airways 1.58 1.64 Underperform PER8x
02/25/11 CIMB Tiger Airways 1.35 1.64 Underperform PER8x

02/16/11 Citigroup Tiger Airways 1.65 2.15 Buy

02/11/11 Credit Suisse Tiger Airways 1.72 1.9 Underperform
02/18/11 Credit Suisse Tiger Airways 1.59 1.9 Underperform
03/02/11 Credit Suisse Tiger Airways 1.39 1.65 Neutral

02/01/11 DBS Vickers Tiger Airways 1.74 1.9 Hold PER15x

12/10/10 DMG & Partners Tiger Airways 1.85 2 Neutral PER16.5x
01/11/11 DMG & Partners Tiger Airways 1.8 2.24 Buy PER12x
02/01/11 DMG & Partners Tiger Airways 1.77 2.24 Buy PER12x
02/18/11 DMG & Partners Tiger Airways 1.59 2.24 Buy
02/25/11 DMG & Partners Tiger Airways 1.35 2.24 Buy
03/01/11 DMG & Partners Tiger Airways 1.36 1.65 Buy PER12x
03/03/11 DMG & Partners Tiger Airways 1.39 1.65 Buy PER12x

01/21/11 Macquarie Tiger Airways 1.79 1.5 Underperform

12/09/10 phillip Tiger Airways 1.86 1.65 Sell
01/12/11 phillip Tiger Airways 1.8 1.65 Sell DCF & PER
02/01/11 phillip Tiger Airways 1.74 1.64 Hold PER12x & DCF

12/03/10 StanChart Tiger Airways 1.84 2.5 Buy EV/Ebitda 15x

02/17/11 UOB Kay Hian Tiger Airways 1.58 1.54 sell Under Review
02/18/11 UOB Kay Hian Tiger Airways 1.59 1.59 Hold EV/Ebitda 8x

Think Environment - Buy or Sell?

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

12/17/10 DMG & Partners Think Environment 0.66 0.135 Sell PATMI 14x

12/29/10 SIAS Think Environment 0.72 0.9 Increase

Tee International - Buy call from NetResearch.

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

01/05/11 NRA Tee International 0.25 0.38 Buy Sum of parts
01/10/11 NRA Tee International 0.31 0.38 Buy Sum of parts

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 charts dated 04/03/11 above showed the the 100-day moving average for trading volume (Blue line) and market index (Pink line) for US, HK, JP & SG. From the charts, we can see the movements of fund flows of each market and predict the trajectory of the index in the market as fund inflow or outflow will definitely affect the market.  Generally speaking, the decline in the blue line is not good for the index.

Tat Hong - Crane operator falls out of favour?

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

02/15/11 CIMB Tat Hong 0.915 1.02 Neutral PER10x

02/16/11 Credit Suisse Tat Hong 0.875 0.85 Underperform

12/01/10 DBS Vickers Tat Hong 0.94 1.08 Hold PER12x
02/15/11 DBS Vickers Tat Hong 0.915 0.83 Fully Valued PER12x

01/18/11 OCBC Tat Hong 0.95 0.99 Hold
01/19/11 OCBC Tat Hong 0.945 0.99 Hold
02/15/11 OCBC Tat Hong 0.915 0.85 Hold

TAC (Baht) - Neutral call by CIMB.

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

02/08/11 CIMB TAC 41 46 Neutral DCF

Swiber - Downgraded by analysts.

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

03/02/11 CIMB Swiber 0.805 1.01 Outperform PER12x
03/04/11 CIMB Swiber 0.81 1.01 Outperform

01/03/11 DBS Vickers Swiber 1 1.28 Buy
03/03/11 DBS Vickers Swiber 0.79 0.83 Hold PER10x

03/02/11 DMG & Partners Swiber 0.805 1.25 Under Review PER10x
03/03/11 DMG & Partners Swiber 0.79 0.85 Neutral PER10x

12/02/10 OCBC Swiber 0.985 1.33 Buy
03/02/11 OCBC Swiber 0.805 1.33 Under Review
03/03/11 OCBC Swiber 0.79 0.94 Buy PER11x
03/04/11 OCBC Swiber 0.81 0.94 Buy

Baltic Dry Index (BDI) - 1281

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for a fourth session on Wednesday as modest cargo activity boosted sentiment. The index rose 1.51 per cent, or 19 points, to 1,281 points.

End Quote.

Super Group - DMG doesn't like coffee but UOB & Kim Eng love coffee.

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

11/16/10 DMG & Partners Super Group / Coffeemix 1.31 1.24 Neutral PER14.6x
02/07/11 DMG & Partners Super Group / Coffeemix 1.47 1.24 Neutral
02/24/11 DMG & Partners Super Group / Coffeemix 1.4 1.28 Neutral PER15x

01/27/11 Kim Eng Super Group / Coffeemix 1.47 1.8 Buy DCF & PER14.5x
02/24/11 Kim Eng Super Group / Coffeemix 1.4 1.72 Buy

12/20/10 UOB Kay Hian Super Group / Coffeemix 1.43 1.66 Buy PEG1x

Sunvic Chemical - Wanna buy a chemical company?

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

01/04/11 Amfraser Sunvic Chemical 0.66 1.02 Buy PER6x
03/02/11 Amfraser Sunvic Chemical 0.745 1.05 Buy PER6

12/15/10 phillip Sunvic Chemical 0.605 0.95 Buy
01/17/11 phillip Sunvic Chemical 0.71 1.07 Buy PER6x
03/03/11 phillip Sunvic Chemical 0.74 1.2 Buy PER6x

Suntec Reit - Mixed calls by analysts.

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

11/30/10 CIMB Suntec Reit 1.43 1.63 Outperform DDM
01/05/11 CIMB Suntec Reit 1.51 1.63 Outperform DDM

01/24/11 DBS Vickers Suntec Reit 1.58 1.69 Buy

01/06/11 DMG & Partners Suntec Reit 1.53 1.71 Buy
01/24/11 DMG & Partners Suntec Reit 1.58 1.76 Buy

01/13/11 JP Morgan Suntec Reit 1.57 1.6 Neutral

12/10/10 OCBC Suntec Reit 1.49 1.5 Hold DCF
01/06/11 OCBC Suntec Reit 1.53 1.55 Neutral
01/24/11 OCBC Suntec Reit 1.58 1.6 Hold
02/10/11 OCBC Suntec Reit 1.58 1.6 Hold

12/01/10 phillip Suntec Reit 1.42 1.37 Hold

Sunpower - Buy call from phillip.

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

12/03/10 phillip Sunpower 0.31 0.57 Buy PB2.04x
12/15/10 phillip Sunpower 0.37 0.57 Buy
02/25/11 phillip Sunpower 0.395 0.79 Buy PATMI, PER6.5x

Sunmart - Buy calls from analysts.

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

12/08/10 Asiaons Sunmart 0.21 0.33 Buy FCFE Model

01/19/11 NRA Sunmart 0.23 0.29 Buy PER11.2x