You are advising a friend who lives in Singapore and who has nominated the following four stocks as being of interest to add to their investment portfolio. Your assessment is that the risk-free rate of return is currently 3 percent and the market risk premium is estimated to be 8 percent. The information you have been "given" for four shares are as follows:

                          Share        Current Market Price     Dividend just paid     Expected annual growth rate in dividends (%)      Beta

                            Singtek             $12.42                                $0.52                                   3.4%                                                0.7

                         Microsic              $5.63                                 $0.63                                   5%                                                   1.6

                         Compact           $18.51                                 $2.63                                   1%                                                   1.1            

                            Orange            $12.25                                 $0.41                                 1.5%                                                   0.4

Which shares are undervalued, overvalued or correctly valued based on the CAPM model? Briefly note some of the limitations there are in using the information above to determine which shares you may invest in.