Qian Hu - Arowana or Golden Dragon Fish is no longer popular!

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

01/13/10 phillip Qian Hu 0.175 0.18 Hold BV1x
03/29/10 phillip Qian Hu 0.14 0.18 Buy
04/20/10 phillip Qian Hu 0.15 0.18 Buy
07/21/10 phillip Qian Hu 0.13 0.17 Buy BV
10/20/10 phillip Qian Hu 0.135 0.14 Hold

Pine Agritech - Just accept the offer and forget about this stock

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

08/17/10 Lim & Tan Pine Agritech 0.18 0.2 Accept Offer

Petra Foods - Both DBS & CIMB are confused about this stock.

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

02/25/10 CIMB Petra Foods 1.05 1.27 Outperform PER12x
05/13/10 CIMB Petra Foods 1.08 1.27 Outperform PER12x
05/18/10 CIMB Petra Foods 1.16 1.27 Outperform
06/10/10 CIMB Petra Foods 1.2 1.27 Neutral PER13x
08/12/10 CIMB Petra Foods 1.58 1.5 Neutral PER13.5x
10/11/10 CIMB Petra Foods 1.48 1.7 Outperform PER13.5x

01/04/10 DBS Vickers Petra Foods 1.1 0.94 Hold
05/14/10 DBS Vickers Petra Foods 1.15 1.41 Buy PER13x
08/13/10 DBS Vickers Petra Foods 1.58 1.5 Hold PER15x

Petra Foods - Buy call from CIMB but Hold call from DBS Vickers

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

02/25/10 CIMB Petra Foods 1.05 1.27 Outperform PER12x
05/13/10 CIMB Petra Foods 1.08 1.27 Outperform PER12x
05/18/10 CIMB Petra Foods 1.16 1.27 Outperform
06/10/10 CIMB Petra Foods 1.2 1.27 Neutral PER13x
08/12/10 CIMB Petra Foods 1.58 1.5 Neutral PER13.5x
10/11/10 CIMB Petra Foods 1.48 1.7 Outperform PER13.5x

01/04/10 DBS Vickers Petra Foods 1.1 0.94 Hold
05/14/10 DBS Vickers Petra Foods 1.15 1.41 Buy PER13x
08/13/10 DBS Vickers Petra Foods 1.58 1.5 Hold PER15x

PEC - Buy calls from all analysts!

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

06/29/10 CIMB PEC 0.74 1.22 Outperform PER8.5x
08/10/10 CIMB PEC 0.89 1.22 Outperform
08/27/10 CIMB PEC 0.89 1.22 Outperform PER8.5x

01/07/10 DBS Vickers PEC 0.785 1 Buy Sum of parts
02/09/10 DBS Vickers PEC 0.71 1.06 Buy Sum of parts
05/12/10 DBS Vickers PEC 0.745 1.28 Buy PER12x
08/27/10 DBS Vickers PEC 0.89 1.31 Buy Sum of parts
09/27/10 DBS Vickers PEC 1.06 1.31 Buy

10/05/10 phillip PEC 1.05 1.5 Buy PER8.75x & PB1.75x

Parkway Life Reit is better than Parkway Holdings

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

02/11/10 CIMB Parkway Life 1.28 1.57 Outperform DDM
03/25/10 CIMB Parkway Life 1.4 1.57 Outperform
05/18/10 CIMB Parkway Life 1.36 1.57 Outperform
07/15/10 CIMB Parkway Life 1.39 1.57 Outperform
08/10/10 CIMB Parkway Life 1.44 1.57 Outperform DDM
09/07/10 CIMB Parkway Life 1.54 1.91 Outperform DDM
10/01/10 CIMB Parkway Life 1.6 1.91 Outperform DDM

01/04/10 DBS Vickers Parkway Life 1.25 1.45 Buy
05/07/10 DBS Vickers Parkway Life 1.32 1.51 Buy DCF
06/04/10 DBS Vickers Parkway Life 1.35 1.51 Buy
07/14/10 DBS Vickers Parkway Life 1.38 1.59 Buy DCF
08/06/10 DBS Vickers Parkway Life 1.44 1.59 Buy DCF

04/06/10 DMG & Partners Parkway Life 1.37 1.52 Buy 5.7% yield
05/07/10 DMG & Partners Parkway Life 1.32 1.52 Buy 5.7% yield
06/11/10 DMG & Partners Parkway Life 1.35 1.62 Buy
07/16/10 DMG & Partners Parkway Life 1.37 1.66 Buy
07/20/10 DMG & Partners Parkway Life 1.37 1.66 Buy DDM
08/10/10 DMG & Partners Parkway Life 1.44 1.66 Buy DDM

01/25/10 Kim Eng Parkway Life 1.34 1.58 Buy
06/14/10 Kim Eng Parkway Life 1.35 1.59 Buy DDM
07/14/10 Kim Eng Parkway Life 1.38 1.59 Buy
08/10/10 Kim Eng Parkway Life 1.44 1.64 Buy DDM
10/05/10 Kim Eng Parkway Life 1.64 1.94 Buy DDM

07/14/10 Lim & Tan Parkway Life 1.38 0 Buy
08/06/10 Lim & Tan Parkway Life 1.44 0 Buy
08/16/10 Lim & Tan Parkway Life 1.42 0 Buy
10/01/10 Lim & Tan Parkway Life 1.6 0 Buy

10/06/10 OCBC Parkway Life 1.65 1.84 Buy DCF

01/25/10 phillip Parkway Life 1.34 1.56 Buy
05/07/10 phillip Parkway Life 1.32 1.57 Buy
06/15/10 phillip Parkway Life 1.36 1.63 Buy
07/14/10 phillip Parkway Life 1.38 1.66 Buy
08/10/10 phillip Parkway Life 1.44 1.66 Buy

Parkway Holdings - Analysts are no longer interested in this stock.

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

02/24/10 AmFraser Parkway Holdings 2.93 3.55 Buy Sum of parts

02/02/10 CIMB Parkway Holdings 2.64 3.16 Outperform
03/12/10 CIMB Parkway Holdings 3.12 3.69 Outperform Sum of parts
05/18/10 CIMB Parkway Holdings 3.23 3.69 Outperform

07/27/10 CLSA Parkway Holdings 3.88 3.43 Underperform

02/24/10 DBS Vickers Parkway Holdings 2.93 2.71 Hold Sum of parts
03/15/10 DBS Vickers Parkway Holdings 3.11 2.71 Fully Valued Sum of parts, PER20x
05/13/10 DBS Vickers Parkway Holdings 3.35 2.8 Fully Valued Sum of parts
05/31/10 DBS Vickers Parkway Holdings 3.02 3.49 Hold Sum of parts
07/01/10 DBS Vickers Parkway Holdings 3.57 3.49 Hold Offer
07/27/10 DBS Vickers Parkway Holdings 3.8 3.49 Hold

02/25/10 DMG & Partners Parkway Holdings 2.93 3.36 Buy PER22x
06/01/10 DMG & Partners Parkway Holdings 3.02 3.36 Buy Offer
07/02/10 DMG & Partners Parkway Holdings 3.57 0 Accept Offer
07/27/10 DMG & Partners Parkway Holdings 3.88 3.95 Accept Offer
08/16/10 DMG & Partners Parkway Holdings 3.81 3.95 Accept Offer

02/10/10 Kim Eng Parkway Holdings 2.8 3.55 Buy
02/24/10 Kim Eng Parkway Holdings 2.93 3.58 Buy PER16x
03/26/10 Kim Eng Parkway Holdings 3.38 4.06 Buy Sum of parts
05/13/10 Kim Eng Parkway Holdings 3.35 4.03 Buy Sum of parts
05/19/10 Kim Eng Parkway Holdings 3.38 4.03 Buy
05/31/10 Kim Eng Parkway Holdings 3.02 3.78 Buy Offer
06/10/10 Kim Eng Parkway Holdings 3.77 4.03 Buy Sum of parts, offer is pending
07/02/10 Kim Eng Parkway Holdings 3.57 4.03 Buy
07/27/10 Kim Eng Parkway Holdings 3.88 4.03 Hold

02/11/10 Lim & Tan Parkway Holdings 2.77 0 Buy
03/12/10 Lim & Tan Parkway Holdings 3.12 0 Buy
03/29/10 Lim & Tan Parkway Holdings 3.46 0 Buy
05/31/10 Lim & Tan Parkway Holdings 3.02 3.78 Buy Offer
06/10/10 Lim & Tan Parkway Holdings 3.77 0 Buy Offer
06/23/10 Lim & Tan Parkway Holdings 3.75 0 Hold
07/01/10 Lim & Tan Parkway Holdings 3.57 0 Hold
07/27/10 Lim & Tan Parkway Holdings 3.88 3.95 Sell

02/24/10 OCBC Parkway Holdings 2.93 3.31 Buy Sum of parts
03/22/10 OCBC Parkway Holdings 3.16 3.53 Buy Sum of parts
05/13/10 OCBC Parkway Holdings 3.35 3.71 Buy Sum of parts
05/31/10 OCBC Parkway Holdings 3.02 3.78 Accept Offer Offer
08/13/10 OCBC Parkway Holdings 3.81 3.95 Accept Offer Sum of parts

Pan-United - Upgraded by DBS Vickers!

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

02/24/10 DBS Vickers Pan-United 0.505 0.55 Hold Sum of parts
05/10/10 DBS Vickers Pan-United 0.485 0.55 Hold Sum of parts
09/27/10 DBS Vickers Pan-United 0.5 0.6 Buy

Pan Hong - China property developer is no longer attractive!

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

06/01/10 CIMB Pan Hong 0.495 0.88 Outperform RNAV (20% discount)

01/18/10 DMG & Partners Pan Hong 0.685 0.85 Buy RNAV (10% premium)
02/19/10 DMG & Partners Pan Hong 0.5 0.85 Buy RNAV (10% premium)
06/02/10 DMG & Partners Pan Hong 0.495 0.5 Neutral RNAV (30% discount)
07/30/10 DMG & Partners Pan Hong 0.485 0.5 Neutral

Pacific Shipping Trust - Buy call by DBS Vickers but Hold call by OCBC

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

01/22/10 DBS Vickers Pacific Shipping 0.28 0.3 Hold 10% Yield
04/26/10 DBS Vickers Pacific Shipping 0.305 0.37 Buy 9% Yield
07/23/10 DBS Vickers Pacific Shipping 0.295 0.37 Buy
10/22/10 DBS Vickers Pacific Shipping 0.34 0.39 Buy

01/21/10 OCBC Pacific Shipping 0.275 0.23 Hold FCFE Model (30% discount)
03/19/10 OCBC Pacific Shipping 0.28 0.23 Hold
04/16/10 OCBC Pacific Shipping 0.3 0.23 Hold
04/23/10 OCBC Pacific Shipping 0.3 0.29 Hold FCFE Model (20% discount)
05/19/10 OCBC Pacific Shipping 0.28 0.29 Hold

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

The charts above dated 29/10/10 indicated funds are flowing out of US and Japan markets with the average trading volumes declining whilst funds are flowing into Singapore and Hong Kong markets with the average trading volumes increasing.  From these charts, we could see which market is well supported and which is not as the index can't go keep going up without any increase in the trading volume.

Pacific Andes - Target prices are being downgraded!

01/25/10 CIMB Pacific Andes 0.34 0.42 Outperform Sum of parts
02/11/10 CIMB Pacific Andes 0.29 0.42 Outperform Sum of parts
04/30/10 CIMB Pacific Andes 0.38 0.42 Outperform
05/13/10 CIMB Pacific Andes 0.34 0.41 Outperform Sum of parts
07/01/10 CIMB Pacific Andes 0.3 0.32 Neutral Sum of parts
08/11/10 CIMB Pacific Andes 0.3 0.32 Outperform Sum of parts

01/04/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
01/08/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
02/11/10 DBS Vickers Pacific Andes 0.29 0.42 Buy PER6x
05/13/10 DBS Vickers Pacific Andes 0.335 0.42 Buy PER6x
08/11/10 DBS Vickers Pacific Andes 0.3 0.37 Buy PER6x

01/22/10 OCBC Pacific Andes 0.335 0.4 Buy PER8x
08/11/10 OCBC Pacific Andes 0.3 0.4 Buy
09/02/10 OCBC Pacific Andes 0.29 0.4 Buy
09/22/10 OCBC Pacific Andes 0.325 0.4 Buy

OUE - Target price is being upgraded by CIMB

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
07/15/10 CIMB OUE 2.51 3.04 Outperform RNAV (15% discount)
08/12/10 CIMB OUE 2.61 3.37 Outperform RNAV (15% discount)
10/14/10 CIMB OUE 2.92 3.71 Outperform RNAV (15% discount)

Otto Marine - Downgraded by analysts!

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

05/26/10 CIMB Otto Marine 0.37 0.47 Outperform PER10x
05/31/10 CIMB Otto Marine 0.38 0.47 Outperform
06/08/10 CIMB Otto Marine 0.4 0.49 Outperform PER10x
08/06/10 CIMB Otto Marine 0.42 0.48 Outperform PER10x
08/19/10 CIMB Otto Marine 0.38 0.48 Outperform
09/09/10 CIMB Otto Marine 0.37 0.3 Underperform PER9x
10/14/10 CIMB Otto Marine 0.38 0.39 Neutral PER9x

03/02/10 DMG & Partners Otto Marine 0.49 0.64 Buy PEG0.79x, PER14x
04/23/10 DMG & Partners Otto Marine 0.52 0.64 Buy
04/29/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/03/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/13/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/17/10 DMG & Partners Otto Marine 0.455 0.64 Buy
05/19/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/20/10 DMG & Partners Otto Marine 0.415 0.64 Buy
05/24/10 DMG & Partners Otto Marine 0.395 0.64 Buy PER11.9x
06/08/10 DMG & Partners Otto Marine 0.395 0.64 Buy
06/09/10 DMG & Partners Otto Marine 0.395 0.64 Buy
06/17/10 DMG & Partners Otto Marine 0.425 0.64 Buy
07/01/10 DMG & Partners Otto Marine 0.415 0.5 Buy
08/06/10 DMG & Partners Otto Marine 0.415 0.46 Buy PER10x
09/28/10 DMG & Partners Otto Marine 0.375 0.39 Neutral PATMI 10x
10/15/10 DMG & Partners Otto Marine 0.375 0.405 Neutral PER10x

07/22/10 Dnb Nor Otto Marine 0.405 0.35 Sell

02/12/10 Kim Eng Otto Marine 0.415 0.56 Buy Sum of parts
03/02/10 Kim Eng Otto Marine 0.49 0.66 Buy Sum of parts
05/17/10 Kim Eng Otto Marine 0.455 0.58 Buy Sum of parts
06/08/10 Kim Eng Otto Marine 0.395 0.58 Buy Sum of parts
06/28/10 Kim Eng Otto Marine 0.41 0.58 Buy Sum of parts
08/06/10 Kim Eng Otto Marine 0.415 0.58 Buy Sum of parts

01/13/10 phillip Otto Marine 0.5 0.58 Buy BV2x
01/27/10 phillip Otto Marine 0.48 0.58 Buy PB1.67x
02/22/10 phillip Otto Marine 0.45 0.58 Buy PB1.95x
03/02/10 phillip Otto Marine 0.49 0.58 Buy PB1.95x
05/17/10 phillip Otto Marine 0.455 0.58 Buy PB1.95x
05/20/10 phillip Otto Marine 0.415 0.58 Buy PB1.95x
08/10/10 phillip Otto Marine 0.41 0.4 Hold PB1.4x
09/24/10 phillip Otto Marine 0.38 0.4 Hold PB1.4x

09/21/10 Standard Chart Otto Marine 0.36 0.52 Outperform

Baltic Dry Index (BDI) is at 2778.

Quote:

The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal, and fertiliser, rose 1.09 per cent, or 30 points, to 2,778 points.

End Quote.

Osim - A good lifestyle stock!

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

09/24/10 DMG & Partners Osim 0.99 1.32 Buy PER17x
10/21/10 DMG & Partners Osim 1.05 1.57 Buy PER17x
10/22/10 DMG & Partners Osim 1.05 1.57 Buy
10/27/10 DMG & Partners Osim 1.16 1.57 Buy PER17x

07/21/10 Macquarie Osim 1 1.5 Buy

07/01/10 OCBC Osim 0.905 1.22 Buy PER22x
07/21/10 OCBC Osim 1 1.29 Buy PER22x
09/02/10 OCBC Osim 0.97 1.29 Buy
09/27/10 OCBC Osim 0.995 1.29 Buy PER22x
10/20/10 OCBC Osim 1.05 1.52 Buy PER22x

Olam - A very well-covered stock!

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

01/14/10 CIMB Olam 2.72 3.5 Outperform
02/12/10 CIMB Olam 2.38 3.45 Outperform PER21.5x
05/14/10 CIMB Olam 2.52 3.45 Outperform PER21.5x
06/08/10 CIMB Olam 2.44 3.45 Outperform PER21.5x
08/27/10 CIMB Olam 2.51 2.7 Neutral PER16.9x

01/14/10 Credit Suisse Olam 2.72 3.5 Outperform
08/27/10 Credit Suisse Olam 2.51 4.25 Outperform

01/13/10 DBS Vickers Olam 2.72 3.29 Buy DCF
02/12/10 DBS Vickers Olam 2.38 3.29 Buy DCF
05/14/10 DBS Vickers Olam 2.52 3.29 Buy DCF
05/18/10 DBS Vickers Olam 2.39 3.29 Buy
06/09/10 DBS Vickers Olam 2.47 3.29 Buy DCF
08/18/10 DBS Vickers Olam 2.55 3.29 Buy
08/24/10 DBS Vickers Olam 2.49 3.3 Buy DCF
08/27/10 DBS Vickers Olam 2.51 3.3 Buy
09/24/10 DBS Vickers Olam 3.15 3.3 Buy
10/15/10 DBS Vickers Olam 3.3 3.6 Buy

01/14/10 DMG & Partners Olam 2.72 3.24 Buy
01/29/10 DMG & Partners Olam 2.39 3.24 Buy DCF, PER22x
02/01/10 DMG & Partners Olam 2.46 3.24 Buy DCF, PER22x
02/12/10 DMG & Partners Olam 2.38 3.24 Buy DCF
04/01/10 DMG & Partners Olam 2.61 3.24 Buy
05/14/10 DMG & Partners Olam 2.52 3.24 Buy DCF, PER20.4x
06/09/10 DMG & Partners Olam 2.47 3.24 Buy DCF
08/18/10 DMG & Partners Olam 2.55 3.24 Buy DCF
08/27/10 DMG & Partners Olam 2.51 3.24 Buy DCF, PER21x

09/08/10 HSBC Olam 2.72 3.41 Overweight

02/12/10 Kim Eng Olam 2.4 3.1 Buy PER25x
05/14/10 Kim Eng Olam 2.52 3 Buy PER25x
08/27/10 Kim Eng Olam 2.51 3.1 Buy PER20x
10/04/10 Kim Eng Olam 3.31 3.23 Hold PER25x

09/27/10 Lim & Tan Olam 3.15 3.4 Hold

08/27/10 Nomura Olam 2.51 3.4 Buy
10/19/10 Nomura Olam 3.32 3.4 Buy

01/14/10 OCBC Olam 2.72 3.3 Buy
01/18/10 OCBC Olam 2.71 3.33 Buy
03/10/10 OCBC Olam 2.54 3.36 Buy
04/06/10 OCBC Olam 2.62 3.36 Buy
04/27/10 OCBC Olam 2.69 3.36 Buy
06/15/10 OCBC Olam 2.56 3.61 Buy
08/27/10 OCBC Olam 2.51 3.38 Buy PER22x
09/02/10 OCBC Olam 2.67 3.38 Buy
09/08/10 OCBC Olam 2.72 3.38 Buy

MCL Land - A good developer but going to be delisted soon.

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

02/26/10 Kim Eng MCL Land 1.78 2.48 Buy RNAV (30% discount)
04/30/10 Kim Eng MCL Land 2.22 2.69 Buy RNAV (25% discount)
06/15/10 Kim Eng MCL Land 1.79 2.76 Buy RNAV (25% discount)
07/30/10 Kim Eng MCL Land 1.86 2.76 Buy RNAV (25% discount)

OKP - Everyone loves this main construction company!

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

04/01/10 CIMB OKP 0.525 0.85 Outperform PER10x

10/26/10 DBS Vickers OKP 0.565 0.7 Buy

10/01/10 OCBC OKP 0.47 0.7 Buy Sum of parts

Oceanus - Nobody likes abalones anymore?

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

05/19/10 DMG & Partners Oceanus 0.35 0.43 Buy PER12.8x
05/20/10 DMG & Partners Oceanus 0.35 0.43 Buy PER12.8x
07/20/10 DMG & Partners Oceanus 0.31 0.43 Buy
07/26/10 DMG & Partners Oceanus 0.305 0.43 Buy
08/16/10 DMG & Partners Oceanus 0.305 0.4 Buy PER7.9x
08/17/10 DMG & Partners Oceanus 0.305 0.4 Buy PER7.9x
10/26/10 DMG & Partners Oceanus 0.325 0.4 Buy

01/06/10 OCBC Oceanus 0.42 0.41 Hold NAV2x
05/21/10 OCBC Oceanus 0.335 0.365 Hold
06/18/10 OCBC Oceanus 0.325 0.32 Hold

02/26/10 phillip Oceanus 0.355 0.58 Buy
02/26/10 phillip Oceanus 0.355 0.58 Buy FCFE Model
06/09/10 phillip Oceanus 0.305 0.34 Hold DCF
07/06/10 phillip Oceanus 0.31 0.34 Hold
07/06/10 phillip Oceanus 0.31 0.34 Hold
08/16/10 phillip Oceanus 0.305 0.34 Hold