OCBC - Banking stock is no longer in vogue?

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

02/22/10 CIMB OCBC 8.54 9.38 Neutral
04/30/10 CIMB OCBC 8.69 9.38 Neutral
05/05/10 CIMB OCBC 8.59 10 Outperform Gordon Growth Model, PB1.77x
05/06/10 CIMB OCBC 8.59 10 Outperform PB1.77x
05/18/10 CIMB OCBC 8.84 10 Outperform
06/03/10 CIMB OCBC 8.25 10 Outperform PB1.9x, Gordon Growth Model
08/03/10 CIMB OCBC 9.08 10.08 Outperform PB1.78x

02/04/10 DBS Vickers OCBC 8.35 9.5 Buy
02/22/10 DBS Vickers OCBC 8.54 9.5 Buy Gordon Growth Model
03/04/10 DBS Vickers OCBC 8.45 9.5 Buy Gordon Growth Model
04/08/10 DBS Vickers OCBC 8.91 10.15 Buy BV1.8x
04/15/10 DBS Vickers OCBC 9.16 10.15 Buy PB1.8x
05/03/10 DBS Vickers OCBC 8.8 10.15 Buy PB1.8x
05/06/10 DBS Vickers OCBC 8.59 10.2 Buy Gordon Growth Model
05/19/10 DBS Vickers OCBC 8.84 10.2 Buy Gordon Growth Model, PB1.8x
06/01/10 DBS Vickers OCBC 8.33 10.2 Buy
07/22/10 DBS Vickers OCBC 8.8 10.2 Buy PB1.8x
08/02/10 DBS Vickers OCBC 14.4 16 Buy PB1.4x
08/03/10 DBS Vickers OCBC 9.08 10.7 Buy
09/02/10 DBS Vickers OCBC 8.79 10.7 Buy
02/03/10 DMG & Partners OCBC 8.19 9 Neutral BV1.7x
02/22/10 DMG & Partners OCBC 8.54 9 Neutral PB1.6x
04/28/10 DMG & Partners OCBC 8.81 9 Neutral PB1.6x
05/06/10 DMG & Partners OCBC 8.59 9 Neutral PB1.6x
05/11/10 DMG & Partners OCBC 8.55 9 Neutral PB1.6x
07/29/10 DMG & Partners OCBC 9.1 9 Neutral PB1.6x
08/03/10 DMG & Partners OCBC 9.08 9 Neutral PB1.6x
10/22/10 DMG & Partners OCBC 9.1 9 Neutral

02/22/10 Kim Eng OCBC 8.54 9.5 Hold PB1.65x
03/08/10 Kim Eng OCBC 8.53 9.5 Hold
05/06/10 Kim Eng OCBC 8.59 9.73 Hold PB1.69x
08/03/10 Kim Eng OCBC 9.08 9.7 Hold PB1.69x

02/22/10 phillip OCBC 8.54 8.63 Hold NAV1.54x
05/03/10 phillip OCBC 8.8 8.63 Hold Gordon Growth Model
05/06/10 phillip OCBC 8.59 9.1 Hold Gordon Growth Model, PB1.72x
08/03/10 phillip OCBC 9.08 9.1 Hold Gordon Growth Model

NOL - This shipping liner irks Citigroup!

01/12/10 CIMB NOL 1.9 2.6 Outperform PB1.8x
01/26/10 CIMB NOL 1.74 2.6 Outperform PB1.8x
02/02/10 CIMB NOL 1.7 2.6 Outperform
03/02/10 CIMB NOL 1.81 2.6 Outperform PB1.8x
03/30/10 CIMB NOL 1.93 2.6 Outperform PB1.8x
04/27/10 CIMB NOL 2.18 2.6 Outperform PB1.8x
05/17/10 CIMB NOL 2.14 2.5 Outperform PB1.8x
05/25/10 CIMB NOL 1.89 2.5 Outperform PB1.8x
06/22/10 CIMB NOL 2.1 2.5 Outperform PB1.8x
07/20/10 CIMB NOL 1.96 2.25 Outperform PB1.5x
07/22/10 CIMB NOL 1.98 2.25 Outperform PB1.5x
08/06/10 CIMB NOL 2.13 2.25 Outperform PB1.4x
08/10/10 CIMB NOL 2.06 2.25 Outperform PB1.4x
09/14/10 CIMB NOL 2.03 2.25 Outperform PB1.5x
10/12/10 CIMB NOL 2.07 2.25 Outperform PB1.5x
10/20/10 CIMB NOL 2.06 2.63 Outperform PB1.4x

08/31/10 Citigroup NOL 1.95 1.6 Sell PB1x

03/31/10 DBS Vickers NOL 1.98 2.4 Buy EV/Ebita 7x, PB1.6x
04/15/10 DBS Vickers NOL 2.3 2.4 Buy EV/Ebita 7x
05/13/10 DBS Vickers NOL 2.1 2.4 Buy
05/17/10 DBS Vickers NOL 2.14 2.5 Buy EV/Ebitda 7x
07/28/10 DBS Vickers NOL 2.03 2.4 Buy EV/Ebitda 7x
08/10/10 DBS Vickers NOL 2.06 2.4 Buy
09/27/10 DBS Vickers NOL 2.04 2.4 Buy
10/12/10 DBS Vickers NOL 2.07 2.4 Buy
10/20/10 DBS Vickers NOL 2.06 2.5 Buy EV/Ebitda7x

09/22/10 Macquarie NOL 2 2.5 Outperform

02/03/10 OCBC NOL 1.73 1.63 Hold NTA1.1x
06/29/10 OCBC NOL 2.03 2.35 Buy
08/10/10 OCBC NOL 2.06 2.41 Buy
09/02/10 OCBC NOL 1.91 2.41 Buy
09/09/10 OCBC NOL 1.98 2.41 Buy
10/01/10 OCBC NOL 1.98 2.41 Buy NTA1.46x
10/12/10 OCBC NOL 2.07 2.41 Buy
10/20/10 OCBC NOL 2.06 2.5 Buy

03/03/10 phillip NOL 1.86 1.95 Hold BV1.3x
04/01/10 phillip NOL 2.01 2.32 Buy PB1.6x
05/17/10 phillip NOL 2.14 2.48 Outperform PB1.6x
07/01/10 phillip NOL 2 2.03 Hold BV1.3x
08/10/10 phillip NOL 2.06 2.03 Hold
08/10/10 phillip NOL 2.06 2.03 Hold PB1.24x
09/24/10 phillip NOL 2.03 2.06 Hold PB1.24x
10/20/10 phillip NOL 2.06 2.36 Buy

Noble - Downgraded by analysts!

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


02/02/10 CIMB Noble 2.81 3.7 Outperform
02/12/10 CIMB Noble 2.92 3.7 Outperform
03/26/10 CIMB Noble 3.18 3.75 Outperform PER14x
04/07/10 CIMB Noble 3.21 3.75 Outperform PER14x
04/19/10 CIMB Noble 3.13 3.75 Outperform
04/20/10 CIMB Noble 3.1 3.75 Outperform PER14x
05/07/10 CIMB Noble 2.88 3.75 Outperform PER14x
05/14/10 CIMB Noble 2.95 3.75 Outperform
06/02/10 CIMB Noble 1.72 2.42 Outperform PER14x
06/08/10 CIMB Noble 1.78 2.42 Outperform
08/05/10 CIMB Noble 1.66 2.2 Outperform PER12.8x
08/13/10 CIMB Noble 1.59 1.27 Underperform PER12x
09/21/10 CIMB Noble 1.94 1.62 Neutral PER13x

02/24/10 DBS Vickers Noble 3.12 3.5 Buy DCF
03/24/10 DBS Vickers Noble 3.12 3.5 Buy DCF
04/01/10 DBS Vickers Noble 3.06 3.7 Buy
05/07/10 DBS Vickers Noble 2.88 3.7 Buy
05/18/10 DBS Vickers Noble 1.83 2.37 Buy
08/11/10 DBS Vickers Noble 1.65 2 Buy DCF
08/13/10 DBS Vickers Noble 1.59 1.62 Hold DCF
09/21/10 DBS Vickers Noble 1.94 1.85 Hold

02/01/10 DMG & Partners Noble 2.88 3.36 Buy PER16x
02/25/10 DMG & Partners Noble 3.12 3.57 Buy PER17x
03/24/10 DMG & Partners Noble 3.19 3.57 Buy
04/07/10 DMG & Partners Noble 3.21 3.57 Buy
04/20/10 DMG & Partners Noble 3.1 3.57 Buy
05/07/10 DMG & Partners Noble 2.88 3.57 Buy PER17x
05/18/10 DMG & Partners Noble 1.83 2.31 Buy PER17x, Bonus Issue
06/15/10 DMG & Partners Noble 1.79 2.31 Buy
08/05/10 DMG & Partners Noble 1.66 2.31 Buy
08/16/10 DMG & Partners Noble 1.59 1.92 Buy PER17x
09/21/10 DMG & Partners Noble 1.94 2.24 Buy PER12.6x
10/22/10 DMG & Partners Noble 1.94 2.24 Buy RNAV

10/13/10 HSBC Noble 1.95 2.58 Overweight

06/01/10 Kim Eng Noble 1.81 2.38 Buy PER15x
06/29/10 Kim Eng Noble 1.78 2.38 Buy PER15x
08/13/10 Kim Eng Noble 1.59 2.06 Buy PER15x

02/24/10 Lim & Tan Noble 3.12 0 Buy
04/01/10 Lim & Tan Noble 3.06 0 Hold
04/07/10 Lim & Tan Noble 3.21 0 Buy
04/12/10 Lim & Tan Noble 3.21 0 Hold
04/15/10 Lim & Tan Noble 3.2 0 Buy
04/16/10 Lim & Tan Noble 3.21 0 Buy
04/20/10 Lim & Tan Noble 3.1 0 Buy
06/21/10 Lim & Tan Noble 1.84 0 Buy
08/13/10 Lim & Tan Noble 1.59 0 Buy

01/18/10 OCBC Noble 3.27 3.73 Buy
03/10/10 OCBC Noble 3.35 3.75 Buy
04/06/10 OCBC Noble 3.19 3.75 Buy
04/08/10 OCBC Noble 3.24 3.75 Buy
04/21/10 OCBC Noble 3.11 3.75 Buy
04/27/10 OCBC Noble 3.08 3.75 Buy
06/07/10 OCBC Noble 1.82 2.42 Buy
06/15/10 OCBC Noble 1.79 2.42 Buy
08/05/10 OCBC Noble 1.66 2.27 Buy
08/13/10 OCBC Noble 1.59 1.87 Buy PER17x
09/02/10 OCBC Noble 1.57 1.87 Buy
09/08/10 OCBC Noble 1.71 1.87 Buy
09/21/10 OCBC Noble 1.89 1.97 Buy
09/28/10 OCBC Noble 1.91 1.97 Hold

08/23/10 phillip Noble 1.63 1.96 Buy PER13x
09/22/10 phillip Noble 1.94 1.96 Hold PER13x

New Lakeside - Down deep in the lake!

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

01/27/10 Lim & Tan New Lakeside 0.03 0 Sell Bankrupt

Nera Telecom - A good telecommunication stock?

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

02/12/10 DMG & Partners Nera Telecom 0.34 0.36 Neutral PER10.9x
04/21/10 DMG & Partners Nera Telecom 0.385 0.36 Neutral PER11.5x

02/11/10 Lim & Tan Nera Telecom 0.335 0 Buy
09/03/10 Lim & Tan Nera Telecom 0.325 0 Buy
10/14/10 Lim & Tan Nera Telecom 0.34 0 Buy Div Yield 8.8%

Midas - A stock with the midas touch or just another overhyped china stock?

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

03/04/10 CIMB Midas 1.01 1.21 Outperform PER15x
03/05/10 CIMB Midas 1.01 1.21 Outperform PER15x
04/30/10 CIMB Midas 1.03 1.21 Outperform
06/28/10 CIMB Midas 0.96 1.17 Outperform PER15x
08/16/10 CIMB Midas 0.91 1.14 Outperform PER15x
09/01/10 CIMB Midas 0.87 1.14 Outperform PER15x
09/22/10 CIMB Midas 1.07 1.1 Neutral PER15x

01/04/10 DBS Vickers Midas 0.9 1.1 Buy
01/08/10 DBS Vickers Midas 0.985 1.1 Buy
01/20/10 DBS Vickers Midas 1.07 1.3 Buy PER20x
03/01/10 DBS Vickers Midas 1 1.3 Buy PER20x
04/06/10 DBS Vickers Midas 1.06 1.3 Buy PER22x
05/07/10 DBS Vickers Midas 0.99 1.3 Buy PER20x
07/22/10 DBS Vickers Midas 0.93 1.3 Buy PER20x
09/06/10 DBS Vickers Midas 0.9 1.21 Buy PER20x
09/27/10 DBS Vickers Midas 1.02 1.21 Buy

01/20/10 DMG & Partners Midas 1.07 1.36 Buy PER22.4x
03/02/10 DMG & Partners Midas 1 1.36 Buy PER22.4x
05/07/10 DMG & Partners Midas 0.97 1.28 Buy PER19.9x
05/10/10 DMG & Partners Midas 0.99 1.28 Buy PER19.9x
05/13/10 DMG & Partners Midas 1 1.28 Buy PER19.9x
07/15/10 DMG & Partners Midas 0.945 1.28 Buy
08/16/10 DMG & Partners Midas 0.91 1.28 Buy
08/19/10 DMG & Partners Midas 0.91 1.28 Buy PER19.9x
09/09/10 DMG & Partners Midas 0.945 1.28 Buy
09/21/10 DMG & Partners Midas 1.05 1.28 Buy
09/29/10 DMG & Partners Midas 0.96 1.2 Buy PER20x
10/06/10 DMG & Partners Midas 1.03 1.2 Buy

01/21/10 Kim Eng Midas 1.08 1.25 Buy PER22x
03/01/10 Kim Eng Midas 1 1.22 Buy PER22x
03/11/10 Kim Eng Midas 1.07 1.22 Buy PER22x
07/09/10 Kim Eng Midas 0.905 1.22 Buy PER22x
07/22/10 Kim Eng Midas 0.93 1.22 Buy PER22x
08/16/10 Kim Eng Midas 0.91 1.2 Buy
08/26/10 Kim Eng Midas 0.895 1.2 Buy PER22x
09/20/10 Kim Eng Midas 1.02 1.2 Buy
10/11/10 Kim Eng Midas 1.02 1.15 Buy PER25x

03/01/10 Lim & Tan Midas 1 0 Buy
03/04/10 Lim & Tan Midas 1.01 0 Buy
03/05/10 Lim & Tan Midas 1.04 0 Buy
04/12/10 Lim & Tan Midas 1.09 0 Buy
05/07/10 Lim & Tan Midas 0.99 0 Buy
07/21/10 Lim & Tan Midas 0.925 0 Buy
08/16/10 Lim & Tan Midas 0.91 0 Buy
08/26/10 Lim & Tan Midas 0.875 0 Buy
09/02/10 Lim & Tan Midas 0.895 0 Buy
09/21/10 Lim & Tan Midas 1.05 0 Buy

01/28/10 OCBC Midas 0.935 1.3 Buy PER25x
03/01/10 OCBC Midas 1 1.3 Buy
03/24/10 OCBC Midas 1.06 1.3 Buy
05/07/10 OCBC Midas 0.99 1.58 Buy
05/31/10 OCBC Midas 0.9 1.58 Buy
06/23/10 OCBC Midas 0.985 1.58 Buy
07/19/10 OCBC Midas 0.935 1.27 Buy PER20x
08/16/10 OCBC Midas 0.91 1.29 Buy
08/30/10 OCBC Midas 0.86 1.29 Buy
09/02/10 OCBC Midas 0.865 1.29 Buy
09/03/10 OCBC Midas 0.895 1.29 Buy
09/16/10 OCBC Midas 0.995 1.29 Buy
09/21/10 OCBC Midas 1.05 1.29 Buy PER20x
10/14/10 OCBC Midas 1 1.05 Hold

07/09/10 phillip Midas 0.905 1.16 Buy PER21x
07/29/10 phillip Midas 0.995 1.21 Buy PER21x
08/16/10 phillip Midas 0.91 1.21 Buy
09/02/10 phillip Midas 0.895 1.21 Buy
09/21/10 phillip Midas 1.05 1.21 Buy
10/07/10 phillip Midas 1.01 1.16 Buy PER21x

Micro-Mechanics - OCBC loves this stock!

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

02/02/10 OCBC Micro-Mechanics 0.44 0.4 Hold PB1.98x
04/09/10 OCBC Micro-Mechanics 0.42 0.4 Hold NTA1.5x
04/27/10 OCBC Micro-Mechanics 0.425 0.55 Buy PER12x
05/04/10 OCBC Micro-Mechanics 0.425 0.57 Buy
05/26/10 OCBC Micro-Mechanics 0.4 0.57 Buy PER12x
06/08/10 OCBC Micro-Mechanics 0.4 0.57 Buy PER12x
07/01/10 OCBC Micro-Mechanics 0.39 0.57 Buy
07/08/10 OCBC Micro-Mechanics 0.39 0.57 Buy PER12x
08/31/10 OCBC Micro-Mechanics 0.435 0.58 Buy
09/02/10 OCBC Micro-Mechanics 0.44 0.58 Buy
09/13/10 OCBC Micro-Mechanics 0.44 0.58 Buy PER12x
10/05/10 OCBC Micro-Mechanics 0.445 0.58 Buy PER12x

Mermaid - Nobody likes the little mermaid anymore.

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

04/21/10 CIMB Mermaid 0.73 1 Outperform PER12x
05/14/10 CIMB Mermaid 0.67 1 Outperform
05/17/10 CIMB Mermaid 0.67 0.73 Trading Sell PER12x
05/31/10 CIMB Mermaid 0.48 0.73 Trading Buy
06/08/10 CIMB Mermaid 0.53 0.73 Trading Sell
06/21/10 CIMB Mermaid 0.54 0.49 Underperform PER10x
07/13/10 CIMB Mermaid 0.475 0.35 Underperform PER10x
08/06/10 CIMB Mermaid 0.49 0.35 Underperform
08/16/10 CIMB Mermaid 0.465 0.31 Underperform PER10x
08/19/10 CIMB Mermaid 0.44 0.31 Underperform

01/04/10 DBS Vickers Mermaid 0.83 1.11 Buy
02/17/10 DBS Vickers Mermaid 0.64 1.03 Buy
05/07/10 DBS Vickers Mermaid 0.68 0.64 Fully Valued Blended PER 9X & PER12x
05/17/10 DBS Vickers Mermaid 0.67 0.53 Fully Valued PER9x & 12x
10/04/10 DBS Vickers Mermaid 0.45 0.52 Hold PB0.8x
10/22/10 DBS Vickers Mermaid 0.455 0.52 Hold

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.