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Please find below the quotes from KENANGA Research Report dated July 12, 2007:

"We reiterate our Buy call on Suria, which is under researched and undervalued. Although the share price has increased some 70% since our
last update on the stock in May, we continue to see value in Suria, which trades at attractive PERs of 13.0x FY2007 and 10.9x FY2008. We are upgrading our target price from RM1.30 to RM2.20, based on sum of parts
valuation, including a 10% discount to our DCF valuation and adding back the expected dividends and the property revaluation surplus Suria is currently sitting on. At its target price of RM2.20, Suria would trade at
FY2008 PER of 15.8x, which is reasonable considering that it would still be at a 31% discount to its listed regional peers."

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