Mercator - Downgraded by Phillip

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

01/22/10 phillip Mercator 0.305 0.36 Hold BV0.9x
05/13/10 phillip Mercator 0.285 0.4 Buy PB0.9x
07/01/10 phillip Mercator 0.27 0.32 Hold BV0.7x
07/27/10 phillip Mercator 0.29 0.32 Hold PB0.7x

Meiban - Buy call from CIMB but Hold call from DBS Vickers

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

02/24/10 CIMB Meiban 0.29 0.41 Outperform PB0.9x
03/11/10 CIMB Meiban 0.3 0.41 Outperform

05/12/10 DBS Vickers Meiban 0.29 0.3 Hold
07/15/10 DBS Vickers Meiban 0.305 0.3 Hold
08/12/10 DBS Vickers Meiban 0.295 0.3 Hold PER8x

Marco Polo - Buy calls from analysts!

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

01/13/10 DMG & Partners Marco Polo 0.57 0.745 Buy PER11x
02/10/10 DMG & Partners Marco Polo 0.475 0.69 Buy PEG0.72x
04/06/10 DMG & Partners Marco Polo 0.465 0.69 Buy
04/08/10 DMG & Partners Marco Polo 0.47 0.69 Buy PER12x
04/12/10 DMG & Partners Marco Polo 0.47 0.69 Buy PER12x
04/23/10 DMG & Partners Marco Polo 0.45 0.69 Buy
05/03/10 DMG & Partners Marco Polo 0.45 0.69 Buy
05/13/10 DMG & Partners Marco Polo 0.445 0.515 Buy PEG0.46x
08/03/10 DMG & Partners Marco Polo 0.44 0.53 Buy PEG0.46x
08/16/10 DMG & Partners Marco Polo 0.415 0.525 Buy PEG0.45x
08/25/10 DMG & Partners Marco Polo 0.415 0.525 Buy
09/07/10 DMG & Partners Marco Polo 0.425 0.525 Buy
10/06/10 DMG & Partners Marco Polo 0.47 0.505 Neutral PEG0.45
10/15/10 DMG & Partners Marco Polo 0.46 0.505 Neutral

09/24/10 Kim Eng Marco Polo 0.47 0.62 Buy PER9x
09/27/10 Kim Eng Marco Polo 0.47 0.62 Buy PER9x
10/12/10 Kim Eng Marco Polo 0.455 0.55 Buy

Mapletree Logistics - Buy calls from all analysts.

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

01/22/10 CIMB Mapletree Logistics 0.8 0.74 Underperform DDM
03/25/10 CIMB Mapletree Logistics 0.84 0.74 Underperform
04/23/10 CIMB Mapletree Logistics 0.875 0.86 Neutral DDM
05/18/10 CIMB Mapletree Logistics 0.82 0.86 Neutral
08/27/10 CIMB Mapletree Logistics 0.84 1.01 Outperform DDM
09/23/10 CIMB Mapletree Logistics 0.85 0.96 Outperform DDM

03/17/10 Credit Suisse Mapletree Logistics 0.83 0.98 Outperform DDM

01/25/10 DBS Vickers Mapletree Logistics 0.8 0.86 Buy
04/23/10 DBS Vickers Mapletree Logistics 0.875 0.93 Buy
06/01/10 DBS Vickers Mapletree Logistics 0.82 0.93 Buy 7.6% Yield
06/04/10 DBS Vickers Mapletree Logistics 0.83 0.93 Buy
07/27/10 DBS Vickers Mapletree Logistics 0.885 0.98 Buy DCF
07/29/10 DBS Vickers Mapletree Logistics 0.885 1 Buy Div Yield 7.35%
08/18/10 DBS Vickers Mapletree Logistics 0.86 1 Buy
08/31/10 DBS Vickers Mapletree Logistics 0.85 1 Buy

01/04/10 OCBC Mapletree Logistics 0.785 0.78 Buy
03/04/10 OCBC Mapletree Logistics 0.79 0.91 Buy
04/14/10 OCBC Mapletree Logistics 0.845 0.91 Buy
04/23/10 OCBC Mapletree Logistics 0.875 0.93 Buy PB1.07x
05/12/10 OCBC Mapletree Logistics 0.83 0.93 Buy
05/24/10 OCBC Mapletree Logistics 0.81 0.93 Buy
06/02/10 OCBC Mapletree Logistics 0.81 0.84 Buy
07/12/10 OCBC Mapletree Logistics 0.85 0.84 Buy
07/27/10 OCBC Mapletree Logistics 0.885 0.86 Hold
07/29/10 OCBC Mapletree Logistics 0.885 0.89 Hold
09/23/10 OCBC Mapletree Logistics 0.85 0.9 Buy
09/30/10 OCBC Mapletree Logistics 0.865 0.9 Buy

M1 - A very well-covered stock by analysts!

04/19/10 AmFraser M1 2.12 2.29 Hold
07/16/10 AmFraser M1 2.18 2.29 Hold

01/20/10 CIMB M1 1.97 2.07 Neutral DCF
03/05/10 CIMB M1 2.05 2.07 Neutral DCF
04/15/10 CIMB M1 2.1 2.26 Neutral
07/16/10 CIMB M1 2.16 2.2 Outperform DCF
07/26/10 CIMB M1 2.2 2.2 Outperform
07/28/10 CIMB M1 2.23 2.2 Outperform DCF
08/30/10 CIMB M1 2.15 2.6 Outperform
09/13/10 CIMB M1 2.25 2.6 Outperform
10/18/10 CIMB M1 2.24 2.7 Outperform DCF
10/19/10 CIMB M1 2.25 2.65 Outperform DCF

01/05/10 DBS Vickers M1 1.89 2.15 Buy PER13x
03/15/10 DBS Vickers M1 2.1 2.15 Buy
04/19/10 DBS Vickers M1 2.14 2.28 Buy PER13x
06/04/10 DBS Vickers M1 2.11 2.28 Buy
07/16/10 DBS Vickers M1 2.16 2.3 Buy DCF
07/30/10 DBS Vickers M1 2.14 2.3 Buy
08/18/10 DBS Vickers M1 2.1 2.3 Buy
09/01/10 DBS Vickers M1 2.17 2.3 Buy
09/07/10 DBS Vickers M1 2.26 2.3 Buy Div Yield 6.5%
09/30/10 DBS Vickers M1 2.21 2.5 Buy
10/19/10 DBS Vickers M1 2.25 2.5 Buy DCF

01/20/10 DMG & Partners M1 1.97 2.3 Buy DCF
04/01/10 DMG & Partners M1 2.11 2.3 Buy
04/09/10 DMG & Partners M1 2.08 2.55 Buy DCF
04/19/10 DMG & Partners M1 2.14 2.55 Buy DCF
04/28/10 DMG & Partners M1 2.15 2.55 Buy
05/10/10 DMG & Partners M1 2.05 2.55 Buy
06/01/10 DMG & Partners M1 2.07 2.55 Buy
06/16/10 DMG & Partners M1 2.11 2.55 Buy
07/16/10 DMG & Partners M1 2.16 2.55 Buy DCF
07/22/10 DMG & Partners M1 2.18 2.55 Buy
09/01/10 DMG & Partners M1 2.17 2.55 Buy
09/07/10 DMG & Partners M1 2.26 2.55 Buy
10/19/10 DMG & Partners M1 2.25 2.55 Buy DCF
10/20/10 DMG & Partners M1 2.25 2.55 Buy DCF

01/20/10 Kim Eng M1 1.99 2.45 Buy PER14x
03/18/10 Kim Eng M1 2.14 2.45 Buy
04/19/10 Kim Eng M1 2.14 2.62 Buy PER15x
07/07/10 Kim Eng M1 2.17 2.62 Buy
07/16/10 Kim Eng M1 2.16 2.22 Hold
10/06/10 Kim Eng M1 2.22 2.62 Buy
10/19/10 Kim Eng M1 2.25 2.62 Buy

01/20/10 Lim & Tan M1 1.97 0 Buy

04/12/10 OCBC M1 2.09 2.28 Buy
05/19/10 OCBC M1 2.15 2.4 Buy 6.5% Div Yield
06/16/10 OCBC M1 2.11 2.4 Buy Div Yield 6.6%
07/28/10 OCBC M1 2.23 2.4 Buy Div Yield 6.6%
09/01/10 OCBC M1 2.17 2.4 Buy Div Yield 5.9%
09/02/10 OCBC M1 2.17 2.4 Buy
10/11/10 OCBC M1 2.23 2.4 Buy Div Yield 5.8%

01/20/10 phillip M1 1.97 2.03 Hold
10/19/10 phillip M1 2.25 2.22 Hold

Longcheer - It's time to cheer!

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

06/28/10 DBS Vickers Longcheer 0.695 1.22 Buy PER11x
07/15/10 DBS Vickers Longcheer 0.735 1.22 Buy PER11x
08/30/10 DBS Vickers Longcheer 0.725 1.11 Buy PER10x
09/27/10 DBS Vickers Longcheer 0.78 1.11 Buy
09/27/10 DBS Vickers Longcheer 0.78 1.11 Buy

02/10/10 DMG & Partners Longcheer 0.54 0.66 Buy PER7.9x
05/11/10 DMG & Partners Longcheer 0.64 0.66 Buy Under Review
05/12/10 DMG & Partners Longcheer 0.65 0.85 Buy PER8.4x

02/09/10 Lim & Tan Longcheer 0.5 0 Buy
02/17/10 Lim & Tan Longcheer 0.55 0 Buy
03/09/10 Lim & Tan Longcheer 0.575 0 Buy
03/17/10 Lim & Tan Longcheer 0.63 0 Buy
03/24/10 Lim & Tan Longcheer 0.635 0 Buy
04/06/10 Lim & Tan Longcheer 0.685 0 Buy
04/27/10 Lim & Tan Longcheer 0.765 0 Buy
05/11/10 Lim & Tan Longcheer 0.64 0 Buy
05/21/10 Lim & Tan Longcheer 0.68 0 Buy
09/16/10 Lim & Tan Longcheer 0.81 0 Buy

Lippo-Mapletree Indonesia - Buy call from OCBC

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

01/04/10 OCBC Lippo-Mapletree Indo 0.505 0.48 Hold
02/11/10 OCBC Lippo-Mapletree Indo 0.49 0.59 Buy Sum of parts (20% discount), PB0.71x
03/04/10 OCBC Lippo-Mapletree Indo 0.49 0.59 Buy
03/12/10 OCBC Lippo-Mapletree Indo 0.495 0.59 Buy
04/14/10 OCBC Lippo-Mapletree Indo 0.49 0.59 Buy
05/07/10 OCBC Lippo-Mapletree Indo 0.485 0.55 Buy Sum of parts (20% discount)
05/12/10 OCBC Lippo-Mapletree Indo 0.485 0.55 Buy
06/23/10 OCBC Lippo-Mapletree Indo 0.485 0.55 Buy Sum of parts (20% discount)
07/12/10 OCBC Lippo-Mapletree Indo 0.485 0.55 Buy
07/30/10 OCBC Lippo-Mapletree Indo 0.495 0.52 Buy Sum of parts (20% discount)
09/02/10 OCBC Lippo-Mapletree Indo 0.46 0.52 Buy
09/30/10 OCBC Lippo-Mapletree Indo 0.5 0.52 Buy

Li Heng - Buy calls from all analysts.

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

02/26/10 Kim Eng Li Heng 0.275 0.37 Buy PER10x
05/17/10 Kim Eng Li Heng 0.24 0.35 Buy PER10x
07/05/10 Kim Eng Li Heng 0.215 0.35 Buy PER10x

02/25/10 Lim & Tan Li Heng 0.27 0 Buy
02/26/10 Lim & Tan Li Heng 0.275 0 Buy

02/26/10 OCBC Li Heng 0.275 0.34 Buy DCF
04/15/10 OCBC Li Heng 0.3 0.34 Buy DCF
05/17/10 OCBC Li Heng 0.24 0.34 Buy
06/28/10 OCBC Li Heng 0.225 0.32 Buy DCF
08/16/10 OCBC Li Heng 0.215 0.32 Buy DCF
09/02/10 OCBC Li Heng 0.19 0.32 Buy

KSH - DMG likes this stock!

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

02/17/10 DMG & Partners KSH 0.27 0.38 Buy Sum of parts
04/07/10 DMG & Partners KSH 0.27 0.38 Buy
05/25/10 DMG & Partners KSH 0.25 0.38 Buy
05/26/10 DMG & Partners KSH 0.25 0.35 Buy Sum of parts
06/04/10 DMG & Partners KSH 0.26 0.35 Buy Sum of parts
06/17/10 DMG & Partners KSH 0.27 0.35 Buy
07/01/10 DMG & Partners KSH 0.26 0.35 Buy
08/12/10 DMG & Partners KSH 0.27 0.35 Buy Sum of parts
09/29/10 DMG & Partners KSH 0.26 0.35 Buy

KS Energy - OCBC is confused about this stock.

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

01/27/10 OCBC KS Energy 1.23 1.21 Hold PER11x
02/17/10 OCBC KS Energy 1.26 1.23 Hold Sum of parts
03/05/10 OCBC KS Energy 1.25 1.2 Hold
05/06/10 OCBC KS Energy 1.29 1.23 Hold
05/17/10 OCBC KS Energy 1.24 1.21 Hold
05/20/10 OCBC KS Energy 1.19 1.21 Hold
06/09/10 OCBC KS Energy 1.15 1.23 Hold
06/18/10 OCBC KS Energy 1.17 1.21 Hold
07/08/10 OCBC KS Energy 1.08 1.21 Hold
07/15/10 OCBC KS Energy 1.11 1.21 Hold
08/13/10 OCBC KS Energy 1.02 1.11 Hold
09/13/10 OCBC KS Energy 1 1.23 Hold
09/27/10 OCBC KS Energy 1.07 1.11 Hold
10/04/10 OCBC KS Energy 1.08 1.11 Hold

Analysis for Hong Kong market - Hang Seng Index

The chart above dated 16/10/10 shows some promising signs for HK stock market as the average trading volumes have started to improve which means investors are coming into the market.  As this trend has just started, it remains to be seen whether this can continue because Hang Seng Index has just reached recent new high.

Analysis for Singapore market - Straits Times Index

The chart above dated 16/10/10 shows that investors have returned to the Singapore stock market as depicted by the increasing average trading volumes.  This is a healthy sign as it shows that the recent rallies are well-supported by new money.

Analysis of Japan market - Nikkei 225

The chart above dated 16/10/10 shows that investors are also pulling funds out of Japan market as depicted by the declining average trading volumes.  Japan has the same phemonenon as US even after the interest rate cut in Japan.  Looks like investors do not have confidence in Japan.

Analysis of US market - Dow Jones Industrial Average

The chart above dated 16/10/10 shows that investors are still pulling funds out of US markets as depicted by the declines in the average trading volumes.  This goes to show that investors are selling on rallies to reinvest in other areas such as gold and the rallies don't look sustainable at all unless there is a change in the trend.

K-Reit - A lousy reit!

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

05/20/10 CIMB K-Reit 1.06 1.01 Underperform DDM
06/15/10 CIMB K-Reit 1.09 1.01 Underperform
07/20/10 CIMB K-Reit 1.21 1.21 Neutral DDM
10/12/10 CIMB K-Reit 1.37 1.26 Underperform DDM

01/21/10 DBS Vickers K-Reit 1.12 1.11 Hold
02/02/10 DBS Vickers K-Reit 1.08 1.13 Fully Valued
04/20/10 DBS Vickers K-Reit 1.13 1.17 Hold DCF
07/20/10 DBS Vickers K-Reit 1.21 1.2 Hold DCF

10/12/10 Lim & Tan K-Reit 1.37 0 Hold

Koda - OCBC has been cutting the target price for this stock but still retains the BUY call.

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

02/11/10 OCBC Koda 0.22 0.295 Buy NTA1x
03/15/10 OCBC Koda 0.215 0.295 Buy
05/13/10 OCBC Koda 0.23 0.3 Buy
07/28/10 OCBC Koda 0.2 0.275 Buy NTA
09/02/10 OCBC Koda 0.195 0.275 Buy

Kingsmen Creatives - The more MICEs, the better!

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

05/21/10 DMG & Partners Kingsmen Creatives 0.545 0.77 Buy PER9x
05/24/10 DMG & Partners Kingsmen Creatives 0.53 0.77 Buy PER9x
08/13/10 DMG & Partners Kingsmen Creatives 0.59 0.77 Buy
08/18/10 DMG & Partners Kingsmen Creatives 0.6 0.77 Buy
08/19/10 DMG & Partners Kingsmen Creatives 0.6 0.82 Buy PER9x

02/26/10 Kim Eng Kingsmen Creatives 0.595 0.85 Buy
05/14/10 Kim Eng Kingsmen Creatives 0.58 0.85 Buy
06/24/10 Kim Eng Kingsmen Creatives 0.545 0.85 Buy Sum of parts
06/25/10 Kim Eng Kingsmen Creatives 0.545 0.85 Buy Sum of parts
08/13/10 Kim Eng Kingsmen Creatives 0.59 0.85 Buy

06/29/10 OCBC Kingsmen Creatives 0.59 0.84 Buy PER9x
09/02/10 OCBC Kingsmen Creatives 0.595 0.82 Buy

Kingboard Copperfoil - Is there gold in copper or copper is gold?

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

03/11/10 CIMB Kingboard Copper foil 0.31 0.48 Outperform
04/29/10 CIMB Kingboard Copper foil 0.3 0.49 Outperform PB0.7x

Baltic Dry Index (BDI) - 2719

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, rose 0.89 per cent, or 24 points, to 2,719 after falling on Monday.

End Quote:

Kian Ann - Well-liked by DMG only.

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

02/18/10 DMG & Partners Kian Ann 0.18 0.17 Neutral DDM
05/19/10 DMG & Partners Kian Ann 0.175 0.22 Buy PER7.1x
05/24/10 DMG & Partners Kian Ann 0.175 0.22 Buy PER7.1x
06/17/10 DMG & Partners Kian Ann 0.16 0.22 Buy
07/01/10 DMG & Partners Kian Ann 0.175 0.22 Buy
09/03/10 DMG & Partners Kian Ann 0.195 0.22 Buy PER7.1x
09/29/10 DMG & Partners Kian Ann 0.2 0.22 Buy