This document provides a daily market and economic summary for Singapore: - It summarizes recent corporate news from Citibank, Singapore Airlines, and Macarthurcook Industrial Reit. - It reviews the performance of key stock market indices in the US, Asia, and Singapore. - It provides technical analysis and recommendations to sell two Singapore stocks, Jaya Holdings and Yongnam Holdings, and to buy Rotary Engineering. - It also includes a section on insider transactions of Singapore stocks.

1. SINGAPORE
CIMB TRADERAM
Retail Research
Contact: Jonathan Ng – +65 6210-8650 – jonathan.ng@cimb.com 22 June 2009
What’s Relevant Events
Corporate news ► 23 June
• Citibank has denied claims by tycoon-investor Oei Hong Leong that he was misled into losing May 09 CPI
some US$518m from foreign exchange trades. Mr Oei is claimed by Citibank to have held a ► 26 June
net open position as big as US$6.89bn in Feb 08.
• SIA announced that its management will take a 10-20% pay cut from July, and that it has May 09 IPP
reached an agreement with the Air Line Pilots Association - Singapore (ALPA-S) concerning ► 29 June
no-pay leave for its pilots. May 09 PITPI
• Macarthurcook Industrial Reit's independent auditors have flagged the trust's going-concern
status. The trust manager says in response that it is working to effect refinancing of debt and
funding of acquisition. Key US economic data
Markets ► 23 Jun
• U.S. stocks finished a volatile session mixed as traders jockeyed for positions on a quadruple-
JP- BSI All industry and large manufacturing,
witching day. Financial stocks and tech stocks showed leadership in this session's late
Supermarket and convenience store sales.
advance. But major averages finished lower for the week, snapping a four-week winning
streak. The Dow Jones Industrial Average lost 15.87, or 0.2%, to close at 8,539.73. The S&P ► 23 Jun
500 gained 0.3%, while the tech-heavy Nasdaq jumped more than 1.1%. US – Richmond Fed Manf. Index, Existing home
• Asian markets snapped a four-day slide last Friday and government bond yields climbed after sales, House price index
upbeat U.S. factory and jobs data provided more evidence that the global economy is EU- PMI Manufacturing, Svcs and Composite,
recovering from its deep recession. Nikkei clung to gains of 0.9% on Friday but posted its OECD May Econ outlook
biggest weekly fall in three months, with jittery investors needing more proof the economic JP- Coincident index, Leading index
recession is easing in order to push shares higher. Hong Kong shares rebounded from a four-
day fall after new U.S. data gave reason for some optimism on the economy, the Hang Seng ► 24 Jun
index closed 0.8% higher. US – ABC consumer confidence, MBA mortgage
• Singapore Straits Times Index was up 1.6%, erasing part of a more than 6% loss over the applications, Durable goods orders, New home
previous six days, with CapitaLand rising 1.4% and Noble Group surging 9.6%. Fitch Ratings sales
affirmed Noble Group's long-term foreign currency issuer default rating and senior unsecured EU- Eurozone current account
rating at 'BBB-', with the outlook stable. Keppel Land, advanced despite a downgrade from ► 25 Jun
broker, after the shares have gained strongly since March. The Nikkei and U.S. futures are red
US – GDP, Personal consumption, GDP price inde,
as of writing with market heading for a shaking start this week. Avoid the shipping names as
Core PCE, initial jobless claims, continuing claims,
the Baltic Dry Index posted its first drop in seven sessions.
RPX Composite index, Personal income.
Trades for the Day ► 26 Jun
US – Personal spending, PCE deflator, PCE core
Technically… JP- All industry activity index, National CPI
• Jaya Holdings (JAYA SP; S$0.425 - SELL) – Stock gapped down last week but losses were
narrowed after Friday’s strong rebound.
Selected Statistics
• Yongnam Holdings (YNH SP; S$0.22 – SELL) – Stock has broken below its uptrend channel,
which is bearish. Any rebound towards resistances would be good opportunities to sell. Indices
Straits Times Index
Level
2,273.18
% chg
+1.6%
Ytd % chg
+29%
• Rotary Engineering (RTRY SP; S$0.67 – BUY) – Stock broke below its uptrend channel early FSTC ST China Index
Dow Jones
233.85
8,539.73
+2.4%
-0.2%
+26%
-3%
last week but was quick enough to reclaim the lost territory. S&P 500 Index 921.23 +0.3% +2%
CSI 300 Index 3,080.00 +0.7% +69%
Hang Seng Index 17,920.93 +0.8% +25%
Crude Oil (US$/barrel) 69.80 +0.4% +57%
STI Chart & Summary Gold Spot (US$/oz) 934.15 +0.0% +6%
STI staged a technical rebound on Friday to Top volume
JAYA HLDGS LTD
Last price
SGD 0.43
% chg
+25.0%
Vol (m)
94.6
end the week 4.4% lower. Overall, technical UNITED FIBER SYS SGD 0.07 +7.7% 65.3
CHINA HONGXING SGD 0.15 +0.0% 55.3
landscape is weak as the candlesticks are GOLDEN AGRI-RESO SGD 0.39 +0.0% 50.1
still hovering below its 30-day SMA. Investors NOBLE GROUP LTD
GENTING SINGAPOR
SGD 1.83
SGD 0.66
+9.6%
+1.6%
39.7
39.6
should remain cautioned as dead cat bounce Top gainers Last price % chg Vol (m)
may occur. This pullback could eventually COMPACT METAL IN SGD 0.02 +50.0% 0.0
TELEDATA SINGAP SGD 0.02 +33.3% 0.5
take the benchmark lower towards the short CENTILLION ENV SGD 0.02 +33.3% 11.7
LIPPO-MAPLETREE SGD 0.45 +30.4% 4.2
term target of (at least) 2,095-2,130 in the ADVANCED INTE MA SGD 0.15 +30.4% 1.3
coming weeks. However, the rising 50-day LINAIR TECHNOLOG SGD 0.11 +29.4% 34.5
SMA at 2,145 and the support trend line at Top losers
INNO-PAC HLDGS
Last price
SGD 0.02
% chg
-25.0%
Vol (m)
0.1
2,167 may offer some support as well. At this SUPERIOR FASTEN SGD 0.06 -20.0% 0.1
SINGXPRESS LTD SGD 0.02 -20.0% 0.2
juncture, its indicators look vulnerable. CPH LTD SGD 0.02 -20.0% 0.2
BENEFUN INTL HLD SGD 0.02 -20.0% 8.8
Bearish divergences were seen in MACD and JUKEN TECHNOLOGY SGD 0.07 -18.8% 0.0
RSI indicators. Resistance is at 2,300 and
2,400.
Please read carefully the important disclosures at the end of this publication.

2. SINGAPORE
Trend Spotter
Retail Research
Contact: Kong Seh Siang: +603-2084-9289 - sehsiang.kong@cimb.com 22 June 2009
Jaya Holdings (JAYA SP; S$0.425) - SELL
FY09P/E: 3.2x, P/BV: 0.7x
• The stock gapped down last week but losses were narrowed after Friday’s
strong rebound. There is a minor resistance at S$0.44, which is also the 50%
Fibonacci Retracement level. Next upside target is at S$0.46 and S$0.485.
• The one-day spike does not alter our negative view on the stock. Even if there
is a rebound towards the stipulated resistance, gains may not be sustainable.
Investors should sell on strength at the stipulated resistance levels.
• MACD histogram bars are losing momentum fast even though RSI has hooked
up. Expect choppy trading in the near-term. Immediate support is seen at
S$0.37, followed by S$0.325 and S$0.29.
Jaya Holdings Limited owns, builds, repairs, manages, and charters ships. The
Group's core activities include offshore marine chartering, containerized vessel
transportation, and shipbuilding and ship repair.
Yongnam Holdings (YNH SP; S$0.22) – SELL
FY09P/E: 6.3x, P/BV: 1.5x
• The stock has broken below its uptrend channel and the 30-day SMA, which
are bearish signs. Although a base-building pattern is seen on its daily chart,
any rebound towards S$0.235 and S$0.26 resistances would be good
opportunities to sell.
• MACD is falling, suggesting there is still room to the downside. Once the
S$0.205 immediate support is taken out, expect selling pressure to accelerate
with next downside target seen at S$0.185 and S$0.165.
• Any rebound is a chance to unload. If it fails to close above Friday’s high of
S$0.23, most probably this sideways trend may not hold out for long.
Yongnam Holdings Limited provides structural steelworks including design,
supply and erection of steel frames for aircraft hangars, high rise buildings,
commercial and industrial buildings. The Company also operates civil and
mechanical engineering businesses.
Rotary Engineering (RTRY SP; S$0.67) – BUY
FY09P/E: 10.6, P/BV: 1.7x
• The stock broke below its uptrend channel early last week but was quick
enough to reclaim the lost territory. We would prefer to wait for confirmation
before turning positive again.
• Indicators are showing improving signs. MACD is slowly gaining momentum
while RSI also hooks up again. It needs to penetrate above S$0.675 before
edging closer to the next resistance seen at S$0.73 and S$0.80.
• If it fails to hold above S$0.65 trend line support, then the technical landscape
would turn bearish again. A break below S$0.59 would likely confirm that a
deeper correction is in store. At present, only risk takers should re-look at this
stock.
Rotary Engineering Limited provides engineering design, procurement, and
construction services for plants and associated facilities. The Company also
provides electrical and engineering contracting, engineering consultation
services, electrical and switchgear testing, steel fabrication, organic water
treatment, as well as insurance, employment, and advertising services.

3. SINGAPORE
Insider Transactions Retail Research
22 June 2009
Updated 22/06/09
Shareholding
Transacted Substantial Buy/Sell/ No of Shs Price Per % Before % After
Stock
Date Shareholder/Director Conv ('000) Share $ Change Change
Buy
Raffles Edu Corp 18-Jun-09 Doris Chung Gim Lian Buy 160000 n.a 16.99 23.18
Raffles Edu Corp 18-Jun-09 Chew Hua Seng Buy 160000 0.64 24.41 30.6
RSH Ltd 18-Jun-09 Standard Chartered Bank * Buy 216169 n.a 0 61.3
Asia Water Tech Ltd 17-Jun-09 EGN Nomonees Pte Ltd Buy 400 n.a 19.09 19.3
Tsit Wing Intl Hldgs Ltd 17-Jun-09 GKI * Buy 518 n.a 55.37 55.64
Tsit Wing Intl Hldgs Ltd 17-Jun-09 Swift Mind * Buy 518 n.a 55.37 55.64
Tsit Wing Intl Hldgs Ltd 17-Jun-09 PTL * Buy 518 n.a 55.37 55.64
Tsit Wing Intl Hldgs Ltd 17-Jun-09 WBC * Buy 518 n.a 0.25 0.52
Tsit Wing Intl Hldgs Ltd 17-Jun-09 Wong Tat Pui * Buy 518 n.a 76.16 76.43
Tsit Wing Intl Hldgs Ltd 17-Jun-09 Wong Tat Tong * Buy 518 n.a 55.37 55.64
Straits Asia Resources 17-Jun-09 Richard Ong Chui Chat Buy 500 1.81 0.65 0.7
Adampak Ltd 17-Jun-09 Chua Chen Song Buy 308 0.16 2.75 2.87
Novena Hldgs Ltd 17-Jun-09 Lim Andy Buy 679 0.09 14.67 14.83
Guocoleisure Ltd 17-Jun-09 Guoco Grp Ltd * Buy 5106 n.a 55.64 56.02
Guocoleisure Ltd 17-Jun-09 Guoline Capital Assets Ltd * Buy 5106 n.a 55.64 56.02
Guocoleisure Ltd 17-Jun-09 Hong Leong Co (Malaysia) * Buy 5106 n.a 55.64 56.02
Guocoleisure Ltd 17-Jun-09 Quek Leng Chan * Buy 330 0.38 55.99 56.02
Guocoleisure Ltd 17-Jun-09 Guocoleisure Assets ltd Buy 5041 n.a 55.65 56.02
Guocoleisure Ltd 17-Jun-09 HL Hldgs Sdn Bhd * Buy 5106 n.a 55.64 56.02
Guocoleisure Ltd 17-Jun-09 Guoline Overseas Ltd * Buy 5106 n.a 55.64 56.02
Ezra Hldgs Ltd 17-Jun-09 UBS AG * Buy 681 n.a 5.99 6.09
Adampak Ltd 16-Jun-09 Chua Chen Song Buy 470 0.17 2.51 2.69
Ltd 16-Jun-09 Sun Liping * Buy 960 0.16 57.33 57.5
Ltd 16-Jun-09 Whitefield Capital Inc Buy 960 n.a 57.33 57.5
Tsit Wing Intl Hldgs Ltd 16-Jun-09 GKI * Buy 477 n.a 55.13 55.37
Tsit Wing Intl Hldgs Ltd 16-Jun-09 Wong Tat Tong * Buy 477 0.26 55.13 55.37
Tsit Wing Intl Hldgs Ltd 16-Jun-09 Wong Tat Pui * Buy 477 0.26 75.91 76.16
Tsit Wing Intl Hldgs Ltd 16-Jun-09 WBC * Buy 477 n.a 0 0.25
Tsit Wing Intl Hldgs Ltd 16-Jun-09 Swift Mind * Buy 477 n.a 55.13 55.37
Tsit Wing Intl Hldgs Ltd 16-Jun-09 PTL * Buy 477 n.a 55.13 55.37
China Healthcare Ltd 16-Jun-09 Koh Hin Ling * Buy 510 n.a 45.45 45.68
China Healthcare Ltd 16-Jun-09 Ong Chu Poh Buy 510 0.15 7.12 7.35
Novena Hldgs Ltd 16-Jun-09 Lim Andy Buy 710 0.11 14.5 14.67
Novena Hldgs Ltd 15-Jun-09 Kwan Chee Seng Buy 61825 0.07 0 14.7
Novena Hldgs Ltd 15-Jun-09 Lim Andy Buy 54000 n.a 1.66 14.5
Saizen Reit 15-Jun-09 Raymond Wong Kin Jeon * Buy 600 0.13 1.71 1.78
Adventus Hldgs Ltd 15-Jun-09 Lim Keng Hock Jonathan Buy 1400 0.07 23.28 24
Food Empire Hldgs Ltd 15-Jun-09 FMR LLC * Buy 3046 n.a 7.72 8.3
Thakral Corp Ltd 15-Jun-09 Prime Trade Enterprises Ltd Buy 61414 n.a 1.49 3.84
City Developments Ltd 12-Jun-09 Aberdeen Asset Mgt plc * Buy 10397 n.a 13.04 14.18
Ltd 12-Jun-09 Jen Shek Chuen Buy 368 n.a 5.28 5.41
Brothers (Hldgs) Ltd 12-Jun-09 Koh Tiak Chye Buy 555 n.a 26.36 26.55
Guocoleisure Ltd 12-Jun-09 Quek Leng Chan * Buy 499 0.39 55.94 55.97
Raffles Edu Corp 12-Jun-09 Credit Suisse (S'pore) Ltd Buy 160000 n.a 0 6.6
Willas-Array 12-Jun-09 HSBC Hldgs BV * Buy 20984 n.a 17.56 24.33
Willas-Array 12-Jun-09 HSBC Asia Hldgs (UK) Ltd * Buy 20984 n.a 17.56 24.33
Source: The Business Times
ST: Shares transfer, IP: Investment purposes, PL: Placement

4. SINGAPORE
Insider Transactions Retail Research
22 June 2009
Updated 22/06/09
Shareholding
Transacted Substantial Buy/Sell/ No of Shs Price Per % Before % After
Stock
Date Shareholder/Director Conv ('000) Share $ Change Change
Sell
Linair Tech Ltd 19-Jun-09 Ong Peng Kwang Jemme Sell 5500 0.12 6.73 1.99
Ltd 18-Jun-09 Goi Seng Hui Sell 4100 n.a 5.26 3.25
Ltd 18-Jun-09 John Lee Thian Guan Sell 855 0.06 5.27 4.85
China New Town Devt 18-Jun-09 Yue Wai Leung, Stan Sell 592 0.1 0.02 0
Digiland Intl Ltd 18-Jun-09 Tan Kim Yong * Sell 33289 n.a 0.47 0.08
Man Wah Hldgs Ltd 17-Jun-09 Man Wah Invest Ltd Sell 432188 n.a 64.87 0
Infinio Grp Ltd 17-Jun-09 Domaine Grp Ltd Sell 13000 n.a 5.29 3.57
Infinio Grp Ltd 17-Jun-09 Lin Anna * Sell 13000 n.a 5.29 3.57
Eu Yan Sang Intl Ltd 17-Jun-09 Laurence Yee Lye Eu Sell 495 0.3 0.32 0.19
Ltd 16-Jun-09 Zhu Wuling Sell 460 0.16 0.33 0.25
Ltd 16-Jun-09 Jiao Xingkun Sell 500 0.16 0.11 0.02
Jiutian Chemical Grp 16-Jun-09 Chan Kam Loon * Sell 1100 n.a 0.09 0.02
Raffles Edu Corp 16-Jun-09 Credit Suisse Grp AG * Sell 160000 n.a 7.13 0.54
Raffles Edu Corp 16-Jun-09 Credit Suisse * Sell 160000 n.a 6.65 0.05
Raffles Edu Corp 16-Jun-09 Credit Suisse (Intl) Hldg AG * Sell 160000 n.a 6.64 0.05
Raffles Edu Corp 16-Jun-09 Credit Suisse (S'pore) Ltd Sell 160000 n.a 6.6 0
Eu Yan Sang Intl Ltd 16-Jun-09 Laurence Yee Lye Eu Sell 405 0.31 0.44 0.32
Ltd 16-Jun-09 John Lee Thian Guan Sell 712 0.06 5.62 5.27
Novena Hldgs Ltd 15-Jun-09 Toh Soon Huat Sell 115825 n.a 27.54 0
United Fiber System Ltd 15-Jun-09 Tektronix Industries Ltd * Sell 155000 n.a 25.36 19.72
Falcon Energy Grp Ltd 15-Jun-09 Tan Pong Tyea Sell 76000 n.a 64.05 53.7
Novena Hldgs Ltd 15-Jun-09 Lee Kek Choo * Sell 115825 n.a 27.54 0
Adventus Hldgs Ltd 15-Jun-09 Soh Eng Bee Sell 1797 n.a 5.96 5.03
Pan Hong Prop Grp Ltd 15-Jun-09 OHPL * Sell 830 n.a 5.16 4.99
Pan Hong Prop Grp Ltd 15-Jun-09 HHCL * Sell 830 n.a 5.16 4.99
Pan Hong Prop Grp Ltd 15-Jun-09 Singapore Warehouse Co Ltd Sell 830 n.a 5.16 4.99
Sinotel Tech Ltd 15-Jun-09 Li Zhen Yu * Sell 7000 0.24 3.4 0.9
Grp 15-Jun-09 Fortis Invest Mgt S.A * Sell 950 n.a 5.04 4.77
MacCook Ind Reit 15-Jun-09 MacarthurCook Ltd * Sell 700 n.a 13.86 13.6
Addvalue Tech Ltd 15-Jun-09 Tan Juay Hwa * Sell 2250 n.a 1.47 1.19
Addvalue Tech Ltd 15-Jun-09 Colin Chan Kum Lok * Sell 27000 n.a 6.24 2.9
Ezra Hldgs Ltd 15-Jun-09 UBS AG * Sell 5704 n.a 6.86 5.99
Eu Yan Sang Intl Ltd 15-Jun-09 Laurence Yee Lye Eu Sell 300 0.32 0.52 0.44
Ltd 15-Jun-09 John Lee Thian Guan Sell 1906 0.06 6.55 5.62
Others
Gems TV Hldgs 10-Jun-09 Eastern Advisors LLC * IP 10851 n.a 12.87 11.82
Hyflux Ltd 18-Jun-09 Olivia Lum OE 750 n.a 31.83 31.97
Source: The Business Times
ST: Shares transfer, IP: Investment purposes, PL: Placement

5. SINGAPORE
Corporate Actions Retail Research
22 Jun 2009
June 2009
SUN MON TUE WED THU FRI SAT
1 2 3 4 5 6
7 8 9 10 11 12 13
May09 Intl Reserves*
14 15 16 17 18 19 20
Apr09 Retail & Catering May09 Mec Trade
21 22 23 24 25 26 27
May09 CPI May 09 IPP
28 29 30
May09 PITPI May09 Central Govt Ops
1Q09 External Debt*
08 Intl Investment Position
July 2009
SUN MON TUE WED THU FRI SAT
1 2 3 4
5 6 7 8 9 10 11
Jun09 Intl Reserves
12 13 14 15 16 17 18
2Q09 Adv GDP Estimates May09 Retail sales and Jun09 Merc Trade
Catering
19 20 21 22 23 24 25
Jun 09 CPI Jun09 IPP
26 27 28 29 30 31
Jun09 PITPI Jun09 Unemployment
Jun09 Employment
Jun09 Central Govt Ops
3Q09 Biz Expectations
Source: Company, Bloomberg, SGX * Not later than

6. SINGAPORE
Important Dates Retail Research
22 June 2009
Company Particulars Ex Date Rec. Date Paid/Payable
UNIONMET (SINGAPORE) LIMITED RIGHTS : OFFER OF 2 FOR 3 @ $0.02 22-Jun-09 24-Jun-09 -
VIBROPOWER CORPORATION LIMITEDDIVIDEND : SGD 0.003 FINAL ONE-TIER TAX 23-Jun-09 25-Jun-09 8-Jul-09
FRAGRANCE GROUP LIMITED DIVIDEND : SGD 0.0025 INTERIM ONE-TIER TAX 25-Jun-09 29-Jun-09 8-Jul-09
ISDN HOLDINGS LIMITED DIVIDEND : WITHSCRIPOPTION SGD 0.0025 FINAL ONE-TIER TAX 25-Jun-09 29-Jun-09 31-Jul-09
PACIFIC ANDES (HOLDINGS) LTD RIGHTS : 5RS1WTFOR5SH OFFER OF 1 FOR 1 @ $0.15 25-Jun-09 29-Jun-09 -
CHEMICAL INDUSTRIES (F.E.) LTD DIVIDEND : SGD 0.015 FINAL ONE-TIER TAX 26-Jun-09 30-Jun-09 13-Jul-09
GLOBAL INVESTMENTS LIMITED DIVIDEND : 010109-300609 SGD 0.02 INTERIM 1-Jul-09 3-Jul-09 20-Aug-09
CHEUNG WOH TECHNOLOGIES LTD DIVIDEND : SGD 0.002 FINAL ONE-TIER TAX 2-Jul-09 6-Jul-09 22-Jul-09
SINGAPORE POST LIMITED DIVIDEND : SGD 0.025 FINAL ONE-TIER TAX 2-Jul-09 6-Jul-09 15-Jul-09
CMZ HOLDINGS LTD. DIVIDEND : SGD 0.01 FINAL ONE-TIER TAX 3-Jul-09 7-Jul-09 16-Jul-09
PCA TECHNOLOGY LIMITED DIVIDEND : SGD 0.005 FINAL ONE-TIER TAX 3-Jul-09 7-Jul-09 17-Jul-09
WBL CORPORATION LIMITED DIVIDEND : SGD 0.025 INTERIM ONE-TIER TAX 10-Jul-09 14-Jul-09 3-Aug-09
MEGHMANI ORGANICS LIMITED DIVIDEND : INR 0.165 FINAL 15-Jul-09 17-Jul-09 11-Aug-09
BUKIT SEMBAWANG ESTATES LTD DIVIDEND : SGD 0.02 FINAL ONE-TIER TAX 24-Jul-09 28-Jul-09 7-Aug-09
SMRT CORPORATION LTD DIVIDEND : SGD 0.06 FINAL ONE-TIER TAX 27-Jul-09 29-Jul-09 12-Aug-09
VALUETRONICS HOLDINGS LIMITED DIVIDEND : HKD 0.045 1ST & FINAL 28-Jul-09 30-Jul-09 11-Aug-09
SIA ENGINEERING CO LTD DIVIDEND : SGD 0.11 FINAL ONE-TIER TAX 29-Jul-09 31-Jul-09 13-Aug-09
BAN LEONG TECHNOLOGIES LIMITED DIVIDEND : SGD 0.003 FINAL ONE-TIER TAX 30-Jul-09 3-Aug-09 21-Aug-09
SINGAPORE AIRPORT TRML SVCSLTD DIVIDEND : SGD 0.06 FINAL ONE-TIER TAX 30-Jul-09 3-Aug-09 14-Aug-09
CORTINA HOLDINGS LIMITED DIVIDEND : SGD 0.01 FINAL ONE-TIER TAX 31-Jul-09 4-Aug-09 17-Aug-09
IDT HOLDINGS (SINGAPORE) LTD DIVIDEND : SGD 0.01 FINAL 31-Jul-09 4-Aug-09 17-Aug-09
BOUSTEAD SINGAPORE LIMITED DIVIDEND : SGD 0.025 FINAL ONE-TIER TAX 4-Aug-09 6-Aug-09 20-Aug-09
GP BATTERIES INT LTD DIVIDEND : SGD 0.015 FINAL TAX EXEMPT 4-Aug-09 6-Aug-09 19-Aug-09
POWERMATIC DATA SYSTEMS LTD DIVIDEND : SGD 0.01 1ST & FINAL ONE-TIER TAX 4-Aug-09 6-Aug-09 24-Aug-09
TAT HONG HOLDINGS LTD DIVIDEND : SGD 0.015 FINAL ONE-TIER TAX 4-Aug-09 6-Aug-09 18-Aug-09
SINGTEL DIVIDEND : SGD 0.069 FINAL ONE-TIER TAX 5-Aug-09 7-Aug-09 27-Aug-09
HIAP SENG ENGINEERING LTD DIVIDEND : SGD 0.015 FINAL ONE-TIER TAX 6-Aug-09 11-Aug-09 28-Aug-09
KSH HOLDINGS LIMITED DIVIDEND : SGD 0.01 SPECIAL ONE-TIER TAX 13-Aug-09 17-Aug-09 28-Aug-09
KSH HOLDINGS LIMITED DIVIDEND : SGD 0.01 FINAL ONE-TIER TAX 13-Aug-09 17-Aug-09 28-Aug-09
SINGAPORE AIRLINES LTD DIVIDEND : SGD 0.2 FINAL ONE-TIER TAX 13-Aug-09 17-Aug-09 28-Aug-09
SINGAPORE AIRLINES LTD ENTITLEMENT : 0.73SATSFOR1SIA OFFER OF 73 FOR 100 13-Aug-09 17-Aug-09 -
TRANSIT-MIXED CONCRETE LTD DIVIDEND : SGD 0.02 FINAL ONE-TIER TAX 20-Aug-09 24-Aug-09 7-Sep-09
Source: SGX - Corporate Actions By Ex-Date

7. 9
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The term “CIMB” shall denote where applicable the relevant entity distributing the report in that particular jurisdiction where mentioned specifically below shall be a CIMB Group Sdn Bhd’s
affiliates, subsidiaries and related companies.
(i) As of 19 June 2009, CIMB has a proprietary position in the following securities in this report:
(a) Rotary
(ii) As of 22 June 2009, the analysts, Jonathan Ng , and Kong Seh Siang, who prepared this report, have an interest in the securities in the following company or companies covered or
recommended in this report:
(a) -
The information contained in this research report is prepared from data believed to be correct and reliable at the time of issue of this report. This report does not purport to contain all the
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RETAIL RESEARCH RECOMMENDATION FRAMEWORK
STOCK RECOMMENDATIONS SECTOR RECOMMENDATIONS
BUY: The stock's total return is expected to be +15% or better over the next three OVERWEIGHT: The industry, as defined by the analyst's coverage universe, has a high
months. number of stocks that are expected to have total returns of +15% or better over the next
three months.
HOLD: The stock's total return is expected to range between +15% and -15% over the NEUTRAL: The industry, as defined by the analyst's coverage universe, has either (i) an
next three months. equal number of stocks that are expected to have total returns of +15% (or better) or -
15% (or worse), or (ii) stocks that are predominantly expected to have total returns that
will range from +15% to -15%; both over the next three months.
SELL: The stock's total return is expected to be -15% or worse over the next three UNDERWEIGHT: The industry, as defined by the analyst's coverage universe, has a
months. high number of stocks that are expected to have total returns of -15% or worse over the
next three months.
CIMB-GK Research Pte Ltd (Co. Reg. No. 198701620M)