* Using previous year's dividend vs current price

** Earnings Per Share, *** Net Asset Value Rule not above 85%

Updated as of : 31st July 2012 Yield > 5% Div Pay < 60% Div Cov > 2.00 PE <COMPANY NAME Last Price Last Price % Change % Change Est Yield* Div EPS ** NAV *** Ratio Ratio Ratio HIT ALL 4

1st Tier

1 SPH $ 4.020 $ 4.110 2.24% 11.38% 3.893% $ 0.159983 $ 0.2411 $ 1.3270 66.35% 1.507 17.046

2 Raffles Medical Group $ 2.470 $ 2.480 0.40% 16.98% 1.389% $ 0.034441 $ 0.0927 $ 0.6390 37.15% 2.692 26.747

3 F & N $ 7.800 $ 8.180 4.87% 31.94% 2.184% $ 0.178671 $ 0.6156 $ 4.9056 29.02% 3.446 13.287

4 SIA Engg $ 4.170 $ 4.080 -2.16% 18.95% 5.137% $ 0.209599 $ 0.2447 $ 1.1405 85.66% 1.167 16.673

5 OCBC $ 9.090 $ 9.550 5.06% 21.97% 3.144% $ 0.300221 $ 0.6732 $ 6.8778 44.60% 2.242 14.187

6 Keppel Corp $ 10.280 $ 11.180 8.75% 20.22% 3.823% $ 0.427458 $ 1.0257 $ 4.7700 41.67% 2.400 10.899

7 Singtel $ 3.300 $ 3.580 8.48% 15.86% 4.413% $ 0.157987 $ 0.2502 $ 1.4694 63.15% 1.584 14.310

8 UOB $ 19.480 $ 20.000 2.67% 30.98% 3.001% $ 0.600141 $ 1.4788 $ 15.1078 40.58% 2.464 13.524

9 FraserCentrepoint Trust $ 1.665 $ 1.800 8.11% 25.00% 4.617% $ 0.083110 $ 0.1882 $ 1.4168 44.16% 2.265 9.564

10 Semb Corp $ 5.330 $ 5.290 -0.75% 30.62% 2.830% $ 0.149708 $ 0.4529 $ 2.4134 33.06% 3.025 11.682

11 MapletreeLog $ 1.015 $ 1.015 0.00% 20.12% 8.118% $ 0.082400 $ 0.1317 $ 1.0429 62.57% 1.598 7.707

12 LKH $ 0.425 $ 0.435 2.35% 42.62% 6.897% $ 0.030000 $ 0.1163 $ 0.5467 25.79% 3.877 3.740 YES

13 SGX $ 6.310 $ 6.690 6.02% 9.14% 4.033% $ 0.269794 $ 0.2761 $ 0.7202 97.73% 1.023 24.234

14 Noble $ 1.115 $ 1.075 -3.59% -4.87% 1.970% $ 0.021175 $ 0.0866 $ 0.9290 24.44% 4.092 12.408

15 Starhub $ 3.420 $ 3.840 12.28% 31.96% 5.203% $ 0.199802 $ 0.1838 $ 0.0637 108.74% 0.920 20.898

16 ARA $ 1.425 $ 1.395 -2.11% 13.88% 3.584% $ 0.050000 $ 0.0888 $ 0.2805 56.33% 1.775 15.715

17 CDL Hospitality Trust $ 1.950 $ 2.050 5.13% 32.69% 5.382% $ 0.110339 $ 0.1223 $ 1.5792 90.25% 1.108 16.768

18 Semb Mar $ 4.780 $ 4.860 1.67% 27.23% 2.258% $ 0.109743 $ 0.3602 $ 1.2324 30.47% 3.282 13.493

19 DBS $ 13.870 $ 14.740 6.27% 27.95% 3.658% $ 0.539185 $ 1.2493 $ 12.2661 43.16% 2.317 11.798

20 SATS $ 2.710 $ 2.580 -4.80% 20.00% 4.266% $ 0.110050 $ 0.1542 $ 1.3619 71.37% 1.401 16.732

2nd Tier

1 ST Engg $ 3.240 $ 3.300 1.85% 22.68% 5.208% $ 0.171860 $ 0.1719 $ 0.6157 100.00% 1.000 19.202

2 UE $ 2.250 $ 2.280 1.33% 21.28% 2.096% $ 0.047798 $ 0.9064 $ 4.0720 5.27% 18.964 2.515

3 Q&M Dental $ 0.385 $ 0.375 -2.60% -2.60% 1.800% $ 0.006750 $ 0.0083 $ 0.0514 81.13% 1.233 45.072

4 HL Finance $ 2.370 $ 2.410 1.69% 14.76% 4.979% $ 0.119991 $ 0.2265 $ 3.6655 52.98% 1.888 10.640

5 UOB Kay-Hian $ 1.570 $ 1.620 3.18% 5.54% 4.012% $ 0.065000 $ 0.1269 $ 1.5187 51.24% 1.952 12.770

6 Wilmar $ 3.550 $ 3.240 -8.73% -35.20% 1.882% $ 0.060988 $ 0.3252 $ 2.6589 18.75% 5.332 9.963

7 HPL $ 1.895 $ 2.230 17.68% 28.53% 0.897% $ 0.020000 $ 0.1392 $ 2.7851 14.37% 6.960 16.021

8 Singapore Land $ 5.600 $ 5.950 6.25% 6.63% 3.361% $ 0.200000 $ 0 .802 $ 11.780 24.94% 4.009 7.421

9 KepLand $ 3.220 $ 3.440 6.83% 54.95% 5.610% $ 0.192972 $ 0.8844 $ 3.6752 21.82% 4.583 3.890 YES

10 Wheelock $ 1.720 $ 1.815 5.52% 20.20% 3.306% $ 0.060000 $ 0.2433 $ 2.4538 24.66% 4.056 7.459

11 Ascott Reit $ 1.085 $ 1.225 12.90% 23.74% 6.933% $ 0.084931 $ 0.1589 $ 1.3072 53.46% 1.871 7.711

12 Challenger Technologies $ 0.390 $ 0.390 0.00% 5.41% 5.641% $ 0.022000 $ 0.0453 $ 0.1343 48.57% 2.059 8.609 YES

13 HupSteel $ 0.190 $ 0.183 -3.68% -6.15% 8.218% $ 0.015039 $ 0.0202 $ 0.3320 74.34% 1.345 9.046

14 Ascendas India Trust $ 0.760 $ 0.775 1.97% 12.32% 7.719% $ 0.059821 $ 0.0601 $ 0.7083 99.54% 1.005 12.895

15 Fragrance Group $ 0.490 $ 0.500 2.04% 58.73% 2.700% $ 0.013500 $ 0.0339 $ 0.2470 39.86% 2.509 14.762

16 Olam $ 1.810 $ 1.845 1.93% -13.38% 2.535% $ 0.046764 $ 0.1798 $ 1.4757 26.00% 3.845 10.260

17 Boustead SP $ 0.925 $ 0.975 5.41% 20.37% 5.128% $ 0.050000 $ 0.1100 $ 0.5035 45.46% 2.200 8.864 YES

18 ComfortDelGro $ 1.545 $ 1.680 8.74% 18.73% 3.571% $ 0.059990 $ 0.1127 $ 0.9339 53.25% 1.878 14.913

19 CWT $ 1.185 $ 1.250 5.49% 26.26% 2.000% $ 0.025000 $ 0.0952 $ 0.8364 26.26% 3.808 13.132

LIVINGSTONE CHEW

LIM TAN SECURITIES

29th Jun 31st Jul MTM YTD (vs 2011 div) 2011 Div Payout Div Cov PE

COMPANY NAME Last Price Last Price % Change % Change Est Yield* Div EPS ** NAV *** Ratio Ratio Ratio HIT ALL 4

20 Sing Investments $ 1.495 $ 1.530 2.34% 6.25% 4.575% $ 0.070000 $ 0.2250 $ 2.3262 31.12% 3.214 6.801

3rd Tier

1 Sheng Siong $ 0.425 $ 0.475 11.76% 7.95% 3.726% $ 0.017700 $ 0.0197 $ 0.1194 89.85% 1.113 24.112

2 Bukit Sembawang $ 4.680 $ 4.700 0.43% 19.90% 0.851% $ 0.040000 $ 0.7064 $ 4.2158 5.66% 17.661 6.653

3 Suntec Reit $ 1.350 $ 1.445 7.04% 34.42% 6.838% $ 0.098813 $ 0.2817 $ 1.9790 35.08% 2.851 5.130 YES

4 Roxy Pacific $ 0.420 $ 0.435 3.57% 11.54% 3.065% $ 0.013333 $ 0.0520 $ 0.2293 25.64% 3.901 8.364

5 UIC $ 2.560 $ 2.650 3.52% -2.93% 1.132% $ 0.029994 $ 0.1554 $ 3.1549 19.30% 5.181 17.053

6 Venture Corp $ 7.820 $ 7.460 -4.60% 20.32% 7.373% $ 0.550000 $ 0.5705 $ 6.8345 96.40% 1.037 13.076

7 GLP $ 2.090 $ 2.250 7.66% 28.21% 1.333% $ 0.029997 $ 0.1479 $ 2.1300 20.28% 4.930 15.213

8 Sakari Resources $ 1.365 $ 1.310 -4.03% -28.80% 9.973% $ 0.130648 $ 0.2177 $ 0.7137 60.02% 1.666 6.018

9 THBEV - Thai Beverage $ 0.340 $ 0.320 -5.88% 30.61% 4.680% $ 0.014975 $ 0.0197 $ 0.1043 76.17% 1.313 16.277

10 Ezra Holdings $ 1.065 $ 0.990 -7.04% 17.86% 0.000% $ - $ 0.0499 $ 1.3011 0.00% #DIV/0! 19.824

11 HoGCen $ 0.760 $ 0.790 3.95% 13.67% 5.986% $ 0.047292 $ 0.0484 $ 1.2581 97.63% 1.024 16.309

12 Metro Holdings $ 0.795 $ 0.825 3.77% 25.95% 2.424% $ 0.020000 $ 0.1110 $ 1.3457 18.02% 5.549 7.434

13 Starhill Global REIT $ 0.665 $ 0.710 6.77% 25.66% 5.803% $ 0.041200 $ 0.0537 $ 0.9569 76.68% 1.304 13.214

14 Hi-P $ 0.810 $ 0.740 -8.64% 22.31% 3.245% $ 0.024016 $ 0.0545 $ 0.7111 44.06% 2.270 13.575

15 Jardine C&C $ 46.310 $ 46.700 0.84% -2.95% 3.295% $ 1.538782 $ 3.6342 $ 16.2964 42.34% 2.362 12.850

16 Biosensors $ 1.195 $ 1.230 2.93% -13.99% 0.000% $ - $ 0.2661 $ 0.8164 0.00% #DIV/0! 4.623

17 Cerebos $ 5.280 $ 5.380 1.89% 8.47% 1.115% $ 0.059976 $ 0.3158 $ 1.4710 18.99% 5.265 17.037

18 UOL $ 4.930 $ 5.180 5.07% 29.50% 1.930% $ 0.099975 $ 0.8643 $ 7.0839 11.57% 8.646 5.993

19 Asia Enterprise Holdings $ 0.265 $ 0.210 -20.75% -2.33% 5.000% $ 0.010500 $ 0.0262 $ 0.3282 40.08% 2.495 8.015 YES

20 China Fish $ 0.875 $ 0.775 -11.43% -14.84% 5.801% $ 0.044960 $ 0.1307 $ 0.9961 34.40% 2.907 5.930 YES

21 PSL $ 0.330 $ 0.305 -7.58% -4.69% 0.000% $ - $ 0.0046 $ 0.1011 0.00% #DIV/0! 66.886

LIVINGSTONE CHEW

LIM TAN SECURITIES

REITS 2012 2012 ABOVE 5% YIELD

29th Jun 31st Jul 30-Dec-11

Last Px Last Px Px % Chng 2011 Div *Div Yield **YTD Comments

1 AIMSAMPIReit $ 1.200 $ 1.285 7.08% $ 0.104402 8.125% 35.98%

2 Ascendas Hospitality Trust $ 0.880 $ 0.875 -0.57% $ - 0.000% -0.57% IPO in JULY, IPO 0.88

3 Ascendas India Trust $ 0.760 $ 0.775 1.97% $ 0.059821 7.719% 12.32%

4 Ascendas Reit $ 2.150 $ 2.270 5.58% $ 0.126360 5.567% 24.04%

5 Ascott Reit $ 1.085 $ 1.225 12.90% $ 0.084931 6.933% 23.74%

6 CACHE $ 1.050 $ 1.105 5.24% $ 0.075103 6.797% 16.32%

7 CDL H Trust $ 1.950 $ 2.050 5.13% $ 0.101525 4.952% 32.69%

8 Cambridge $ 0.570 $ 0.600 5.26% $ 0.043484 7.247% 26.32%

9 CapitaComm $ 1.265 $ 1.340 5.93% $ 0.075200 5.612% 27.01%

10 CapitaMall Trust $ 1.910 $ 1.960 2.62% $ 0.093700 4.781% 15.29%

11 CapitaRChina $ 1.310 $ 1.435 9.54% $ 0.087000 6.063% 24.78%

12 City Spring $ 0.400 $ 0.420 5.00% $ 0.027097 6.452% 25.37%

13 First REIT $ 0.915 $ 0.950 3.83% $ 0.069941 7.362% 25.00%

14 Fortune Reit HK$ $ 4.600 $ 5.540 20.43% $ 0.241704 4.363% 47.34%

15 FrasersCT $ 1.665 $ 1.800 8.11% $ 0.830790 46.155% 25.00%

16 FrasersComm $ 1.000 $ 1.090 9.00% $ 0.057500 5.275% 47.30%

17 HPH Trust US$ $ 0.710 $ 0.760 7.04% $ 0.048520 6.384% 22.58%

18 Indiabulls $ 0.101 $ 0.103 1.98% $ - 0.000% -26.43%

19 K-Green $ 0.995 $ 0.975 -2.01% $ 0.078200 8.021% 7.73%

20 K-Reit $ 1.065 $ 1.110 4.23% $ 0.070800 6.378% 33.73%

21 LippoMalls $ 0.400 $ 0.415 3.75% $ 0.022085 5.322% 18.57%

22 MapletreeCom $ 0.980 $ 1.070 9.18% $ 0.052657 4.921% 25.88%

23 MapletreeInd $ 1.210 $ 1.300 7.44% $ 0.084077 6.467% 20.93%

24 MapletreeLog $ 0.980 $ 1.015 3.57% $ 0.065400 6.443% 20.12%

25 Perennial CRT $ 0.470 $ 0.490 4.26% $ 0.023464 4.789% 3.16%

26 Plife REIT $ 1.880 $ 1.960 4.26% $ 0.096000 4.898% 9.50%

27 Saizen REIT $ 0.145 $ 0.154 6.21% $ 0.009782 6.352% 10.00%

28 Starhill Gbl $ 0.665 $ 0.710 6.77% $ 0.039000 5.493% 25.66%

29 Suntec REIT $ 1.350 $ 1.445 7.04% $ 0.099320 6.873% 34.42%

30 Sabana Shariah REIT $ 0.975 $ 1.010 3.59% $ 0.095132 9.419% 15.43%

31 TCT $ 1.635 $ 1.430 -12.54% $ 0.050523 3.53% -0.69%

DELTED SHIPPING TRUSTS AS I DEEM THEM TO BE UNADVISABLE TO INVEST

* Dividend Yield is calculated versus 2011 dividends

** IPO price used for those listed this year

*** New Addition