Investment Recommendation – 21 Aug 2008

Date	Stock	Broker	Price	TargetPrice	Recommendation
				(6-12mths)
21/08/08	City Dev	CIMB	9.84	13.05	Outperform Maintained
	StarHub	CIMB	2.59	3.00	Neutral Maintained
	China Milk	Phillip	0.68	0.94	Buy
	ASL Marine	UOB KH	1.04	1.55 (P: 1.90)	Buy
	Keppel Land	CIMB	4.05	5.68	Neutral Maintained
	FerroChina	CIMB	1.02	2.44	Outperform Maintained
	SPH	DBS	4.03	5.75	Buy
	Lion Asiapac	Nra	0.195	0.23	Hold
	ASL Marine	DMG	1.04	1.56	Buy
	CapitaComm	DMG	1.80	2.37	Buy
	ASL MArine	KE	1.03	1.89 (P: 2.04)	Buy Maintained
	Miyoshi	OIR	0.12	0.15	Maintain Buy
	ASL Marine	DBS	1.04	2.07 (P: 2.01)	Buy
	Straits Asia	DBS	2.67	3.49	Buy
	SingTel	DBS	3.46	3.70	Hold
	Starhub	DBS	2.59	2.60	Fully Valued
	M1	DBS	1.90	2.20	Hold
**Source: http://www.onlinetrading-hub.com
**We do not guarantee the accuracy or completeness of the data given