Singapore Stock Exchange - Equity Investments

Red alert: US inflation is indeed rising! - Part 3

2026-10-12T01:49:16.816+08:00

Michigan 1-year inflation expectation: 4.7%

All the recent inflation indicators had been showing the US inflattion would continue trend up and the US consumer sentiment had been affected (trending down) by these inflation indicators.

US consumer sentiment: 46.3 points

Thus, it is just a matter of time that the US consumers will pull back on their spendings after frontloading their essential purchases.

What about investors?

The investors are putting their money in money market funds in view of the rising inflation. Why?

This phenomenon happens because the money market funds are starting to pay good interest yields which are considered good returns when compared to the high volatilities in the stock markets now. Morever, these ready monies (cold hard cash) in the money market can be redeployed into the the stock markets for bottom fishing cheap valued stocks during a financial crisis.

Iran had humiliated the US by forcing 7000 US soldiers to flee the Kuwait military base overnight.

2026-10-10T02:45:33.814+08:00

This news was widely reported by the western and the middle east media.

This was the 2nd time that the US had fled overnight in the Middle East. The first time was in afghanistan and the 2nd time was in Kuwait.

What does this mean?

This means that the US is incapable to defend its military bases in the Gulf states anymore. Do you still think that the US dares to launch a large scale attack against Iran now?

17Live Group - Stock calls

2026-10-09T22:51:24.299+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
08/14/25	Phillip	17Live Group	1.05	1.28	Buy	DCF
10/13/25	Phillip	17Live Group	0.96	1.45	Buy	DCF
01/30/26	Phillip	17Live Group	0.94	1.45	Buy	DCF
03/09/26	Phillip	17Live Group	0.85	1.18	Buy	DCF
08/24/26	Phillip	17Live Group	0.8	0	Reduce

Zixin - Stock calls

2026-10-09T22:50:09.976+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
09/22/25	phillip	Zixin	0.031	0.06	Buy	DCF
11/11/25	Lim & Tan	Zixin	0.036	0.066	Buy	PER10x FY26
11/28/25	phillip	Zixin	0.034	0.055	Buy	DCF
12/01/25	Amfrasers	Zixin	0.034	0.048	Outperform	DCF
12/02/25	Lim & Tan	Zixin	0.033	0.066	Buy	PER10x FY26
04/17/26	Lim & Tan	Zixin	0.032	0.066	Buy	PER10x FY26
04/27/26	phillip	Zixin	0.033	0.055	Buy	DCF
06/02/26	Lim & Tan	Zixin	0.033	0.066	Buy	PER10x FY26
06/16/26	phillip	Zixin	0.031	0.06	Buy	DCF
06/24/26	Amfrasers	Zixin	0.031	0.069	Outperform	DCF
07/17/26	Lim & Tan	Zixin	0.032	0.065	Buy

Yeo Hiap Seng - Stock calls

2026-10-09T22:49:31.442+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
02/11/26	uSMART	Yeo Hiap Seng	0.615	0.643	Hold
10/02/26	uSMART	Yeo Hiap Seng	0.55	0.643	Buy

Stock calls for 9 October 2026

2026-10-09T22:48:31.765+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
10/09/26	DBS Vickers	Keppel DC Reit	2.15	2.5	Buy	PB1.5x
10/09/26	CIMB	Sembcorp Industries	5.82	7.15	Add
10/09/26	Kim Eng	Sheng Siong	3.09	3.12	Hold
10/09/26	DBS Vickers	Singtel	4.24	5.46	Buy	Sum of parts (10% disc)
10/09/26	Lim & Tan	Tiong Woon	0.895	1.22	Buy
10/09/26	DBS Vickers	UMS	2.77	3.62	Buy	PER38x FY27
10/09/26	UBS	UMS	2.77	3.3	Buy
10/09/26	DBS Vickers	Venture	16.3	22.9	Buy	PER24x FY27
10/09/26	DBS Vickers	Yangzijiang Maritime	0.58	0.88	Buy	PB1.4x
10/09/26	DBS Vickers	Yangzijiang Shipping	4.94	5.6	Buy	PB2.6x FY27, PER10x FY27
10/09/26	OCBC	Yangzijiang Shipping	4.94	6.1	Buy	PER

Red alert: Iran war is resuming! - Part 3

2026-10-09T13:35:23.295+08:00

Trump has done his TACO move again!

Just as we've stated in Part 2, he was just manipulating the financial market and he's good in doing it.

Red alert: US inflation is indeed rising! - Part 2

2026-10-08T23:26:00.036+08:00

The latest consumer inflation expectation had risen to 3.9% after both the ISM manufacturing and services prices had spiked.

The high oil and diesel prices will keep the US inflation elevated and the US has to raise its Fed rates one more time in December 2026 to slow the inflation down.

Yanlord - Stock calls

2026-10-08T23:21:49.674+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
08/15/25	DBS Vickers	Yanlord	0.585	0.5	Hold	PB0.17x
08/19/25	DBS Vickers	Yanlord	0.62	0.58	Hold	PB0.2x

Yangzijiang Shipping - Stock calls

2026-10-08T23:21:09.438+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
08/07/25	UOB Kay Hian	Yangzijiang Shipping	2.63	3.45	Buy	PER8.6x
08/07/25	DBS Vickers	Yangzijiang Shipping	2.63	3.8	Buy	PB2.5x FY25, PER11x FY25
08/07/25	CIMB	Yangzijiang Shipping	2.63	3.9	Add	PER
09/01/25	DBS Vickers	Yangzijiang Shipping	2.91	3.8	Buy	PB2.5x FY25, PER11x FY25
09/04/25	UOB Kay Hian	Yangzijiang Shipping	3.06	3.6	Buy	PER8.5x
09/29/25	Lim & Tan	Yangzijiang Shipping	3.28	3.73	Accumulate on weakness
10/10/25	DBS Vickers	Yangzijiang Shipping	3.44	3.8	Buy	PB2.5x FY25, PER11x FY25
10/27/25	UOB Kay Hian	Yangzijiang Shipping	3.47	3.9	Buy	PER9.3x FY26
11/18/25	DBS Vickers	Yangzijiang Shipping	3.42	3.8	Buy	PB2.5x FY25, PER11x FY25
11/19/25	UOB Kay Hian	Yangzijiang Shipping	3.26	4.1	Buy	PER9.3x FY26
11/20/25	CIMB	Yangzijiang Shipping	3.35	4.51	Add	PER
12/08/25	UOB Kay Hian	Yangzijiang Shipping	3.43	4.1	Buy	PER9.3x FY26
01/29/26	UOB Kay Hian	Yangzijiang Shipping	3.35	4.1	Buy	PER9.3x FY26
02/27/26	UOB Kay Hian	Yangzijiang Shipping	3.92	4.6	Buy
02/27/26	DBS Vickers	Yangzijiang Shipping	3.92	4.55	Buy	PB2.6x FY26, PER11x FY26
02/27/26	CIMB	Yangzijiang Shipping	3.92	4.95	Add	PER
03/10/26	UOB Kay Hian	Yangzijiang Shipping	4.1	4.6	Buy
03/11/26	DBS Vickers	Yangzijiang Shipping	4.05	4.55	Buy	PB2.6x FY26, PER11x FY26
03/11/26	CIMB	Yangzijiang Shipping	4.05	4.95	Add	PER
03/11/26	Lim & Tan	Yangzijiang Shipping	4.05	4.44	Accumulate on weakness
03/27/26	Kim Eng	Yangzijiang Shipping	3.85	4.15	Hold	DCF
04/26/26	UOB Kay Hian	Yangzijiang Shipping	3.83	4.75	Buy	PER10x FY26
05/07/26	UOB Kay Hian	Yangzijiang Shipping	4.14	4.75	Buy	PER10x FY26
05/20/26	DBS Vickers	Yangzijiang Shipping	3.94	4.55	Buy	PB2.6x FY26, PER11x FY26
05/21/26	CIMB	Yangzijiang Shipping	3.81	4.95	Add	PER
06/22/26	UOB Kay Hian	Yangzijiang Shipping	3.69	4.75	Buy	PER10x FY26
07/08/26	DBS Vickers	Yangzijiang Shipping	3.48	4.55	Buy	PB2.6x FY26, PER11x FY26
07/22/26	CIMB	Yangzijiang Shipping	3.73	5.1	Add	PER
08/07/26	DBS Vickers	Yangzijiang Shipping	3.94	4.55	Buy	PB2.6x FY26, PER11x FY26
08/07/26	CIMB	Yangzijiang Shipping	3.94	5.1	Add	PER
08/11/26	UOB Kay Hian	Yangzijiang Shipping	4.2	5.3	Buy	PER9.1x FY28
08/11/26	DBS Vickers	Yangzijiang Shipping	4.2	5.6	Buy
08/11/26	CIMB	Yangzijiang Shipping	4.2	5.75	Add	PER
09/01/26	UOB Kay Hian	Yangzijiang Shipping	4.84	5.3	Buy	PER9.1x FY28
09/24/26	UOB Kay Hian	Yangzijiang Shipping	5.18	5.9	Buy	PER10.1x FY28

Yangzijiang Maritime - Stock calls

2026-10-08T23:20:17.531+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
11/21/25	DBS Vickers	Yangzijiang Maritime	0.695	0.85	Buy	PB1.4x
04/06/26	phillip	Yangzijiang Maritime	0.52	0.69	Buy	PB1x FY26
04/08/26	DBS Vickers	Yangzijiang Maritime	0.54	0.88	Buy	PB1.4x
04/15/26	Lim & Tan	Yangzijiang Maritime	0.66	0.78	Accumulate
07/14/26	DBS Vickers	Yangzijiang Maritime	0.555	0.88	Buy	PB1.4x
08/11/26	DBS Vickers	Yangzijiang Maritime	0.62	0.88	Buy	PB1.4x
08/20/26	phillip	Yangzijiang Maritime	0.58	0.68	Accumulate	PB1x FY26

Stock calls for 8 October 2026

2026-10-08T23:19:26.614+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
10/08/26	JPM	DBS	77.49	63	Underweight
10/08/26	JPM	OCBC	30.3	20.5	Underweight
10/08/26	DBS Vickers	Soilbuild Construction	0.49	0.93	Unrated	PER7.5x FY27
10/08/26	Lim & Tan	Top Glove	0.265	0.28	Accumulate on weakness
10/08/26	UOB Kay Hian	United Hampshire	0.45	0.63	Buy	DDM
10/08/26	JPM	UOB	42.44	38	Neutral

Red alert: Iran war is resuming! - Part 2

2026-10-08T15:42:47.949+08:00

The Iran war is really resuming!

Trump is manipulating the financial market again without any consideration for his mid-term election. He is just focusing on profiteering from the Iran war instead of retaining control of both the congress houses.

If Trump really resumes the Iran war just before the mid-term election, he is doomed to lose both the congress houses as many politicians and americans are against the Iran war.

Last but not least, the US will suffer heavy casualties if it embarks on a large scale attack against Iran because Iran will retaliate against the US with full force and those pro-US Gulf states will suffer tremendously too.

Yangzijiang Financial - Stock calls

2026-10-07T22:45:05.901+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
09/09/25	CIMB	Yangzijiang Financial	1.09	1.25	Add	Sum of parts
10/02/25	Lim & Tan	Yangzijiang Financial	1.18	1.25	Hold
11/21/25	DBS Vickers	Yangzijiang Financial	0.5	0.48	Hold	PB0.9x (ex-maritime)

XMH - Stock calls

2026-10-07T22:44:22.682+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
12/16/25	Lim & Tan	XMH	0.153	0	Accumulate

Winking - Stock calls

2026-10-07T22:42:29.626+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
11/25/25	Amfrasers	Winking	0.255	0.31	Outperform	DCF
05/05/26	Amfrasers	Winking	0.23	0.3	Outperform	DCF
09/15/26	Amfrasers	Winking	0.21	0.29	Outperform	DCF

Stock calls for 7 October 2026

2026-10-07T22:41:16.366+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
10/07/26	DMG & Partners	DBS	78.56	81.2	Buy	GGM, PB3x FY27
10/07/26	Macquarie	Jardine C&C	29.3	23.5	Underperform
10/07/26	Macquarie	Jardine Matheson	54.65	80	outperform
10/07/26	Phillip	JEP	0.525	0.83	Buy	PER28x FY27
10/07/26	Citi Research	OCBC	32.2	27.5	Sell	GGM, PB1.8x FY27
10/07/26	Lim & Tan	Seatrium	1.98	2.46	Accumulate
10/07/26	Kim Eng	Singtel	4.25	5.21	Buy	Sum of parts
10/07/26	DMG & Partners	UOB	43.72	47.6	Buy	GGM, PB1.3x FY27

Red alert: US inflation is indeed rising!

2026-10-06T21:21:03.544+08:00

The US is a service oriented economy and the services' prices have been rising consecutively to 74 points. Furthermore, the manufacturing prices are also rising due to the Iran war and the burgeoning growth in AI expenditures.

However, the US Fed is not expected to raise its Fed rates in October because of the upcoming mid-term election in November. Therefore, the US Fed will resume raising its Fed rates in December 2026.

Wing Tai - Stock calls

2026-10-06T19:30:28.768+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/25	Lim & Tan	Wing Tai	1.4	0	Hold
09/30/26	Lim & Tan	Wing Tai	1.54	0	Hold

Wilmar - Stock calls

2026-10-06T19:29:49.377+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
08/12/25	DBS Vickers	Wilmar	2.97	3.8	Buy	PER12.1x FY25
08/13/25	UOB Kay Hian	Wilmar	2.97	3.45	Buy	Sum of parts
08/13/25	CIMB	Wilmar	2.97	2.7	Reduce
09/02/25	DBS Vickers	Wilmar	2.96	3	Hold	PER11.7x FY26
09/26/25	Lim & Tan	Wilmar	2.89	0	Avoid
09/26/25	DMG & Partners	Wilmar	2.89	2.5	Sell	Sum of parts
09/29/25	CIMB	Wilmar	2.85	2.7	Reduce
10/09/25	CIMB	Wilmar	2.89	3.3	Add	PER
10/21/25	Lim & Tan	Wilmar	2.95	3	Avoid
10/31/25	UOB Kay Hian	Wilmar	3.12	3.5	Buy	Sum of parts
10/31/25	DBS Vickers	Wilmar	3.12	3	Hold	PER11.7x FY26
11/03/25	CIMB	Wilmar	3.13	3.6	Add
11/03/25	DMG & Partners	Wilmar	3.13	3	Neutral	Sum of parts
11/14/25	OCBC	Wilmar	3.36	3.58	Buy
11/14/25	Kim Eng	Wilmar	3.36	3.12	Hold	DCF
01/08/26	Aletheia Capital	Wilmar	3.09	2.5	Sell	Cut from $3.49
02/03/26	UOB Kay Hian	Wilmar	3.4	3.5	Buy	Sum of parts
02/27/26	DBS Vickers	Wilmar	3.5	3	Hold	PER11.7x FY26
03/02/26	CIMB	Wilmar	3.52	3.6	Hold	PER
03/02/26	OCBC	Wilmar	3.52	3.97	Buy
03/02/26	DMG & Partners	Wilmar	3.52	3.45	Neutral
03/10/26	Kim Eng	Wilmar	3.53	3.85	Buy	DCF
03/10/26	DBS Vickers	Wilmar	3.9	3	Hold	PER11.7x FY26
04/30/26	DBS Vickers	Wilmar	3.83	3.6	Hold	PER12.2x FY26
04/30/26	DMG & Partners	Wilmar	3.83	3.55	Neutral
08/13/26	UOB Kay Hian	Wilmar	3.94	3.5	Hold	Sum of parts
08/13/26	DBS Vickers	Wilmar	3.94	3.6	Hold	PER12.2x FY26
08/14/26	CIMB	Wilmar	3.71	3.6	Hold	PER
08/14/26	DMG & Partners	Wilmar	3.71	3.85	Neutral
08/18/26	Aletheia Capital	Wilmar	3.67	5	Buy
09/25/26	UOB Kay Hian	Wilmar	3.65	3.8	Hold	Sum of parts, PER11.5x FY27

Wee Hur - Stock calls

2026-10-06T19:28:59.373+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
08/06/25	CIMB	Wee Hur	0.695	0.91	Add
08/25/25	phillip	Wee Hur	0.715	0.9	Buy	Sum of parts
10/31/25	phillip	Wee Hur	0.725	0.9	Buy	Sum of parts
11/26/25	CIMB	Wee Hur	0.685	0.95	Add
03/04/26	CIMB	Wee Hur	0.76	0.95	Add	Sum of parts
03/16/26	phillip	Wee Hur	0.675	1.08	Buy	Sum of parts
04/10/26	DBS Vickers	Wee Hur	0.68	0.9	Buy	Sum of parts
05/06/26	phillip	Wee Hur	0.735	1.08	Buy	Sum of parts
06/09/26	Lim & Tan	Wee Hur	0.63	0.9	Accumulate on weakness
06/10/26	UOB Kay Hian	Wee Hur	0.64	0.9	Buy	Sum of parts
06/30/26	CIMB	Wee Hur	0.655	0.95	Add	Sum of parts
07/16/26	CIMB	Wee Hur	0.66	0.95	Add	Sum of parts
08/17/26	DBS Vickers	Wee Hur	0.66	0.9	Buy	Sum of parts (15% disc)
08/19/26	CIMB	Wee Hur	0.675	0.95	Add	Sum of parts
08/24/26	phillip	Wee Hur	0.64	1.08	Buy	Sum of parts
09/29/26	DBS Vickers	Wee Hur	0.625	0.9	Buy	Sum of parts (15% disc)

Stock calls for 6 October 2026

2026-10-06T19:28:03.833+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
10/06/26	UOB Kay Hian	ART	0.83	0.99	Buy	DDM
10/06/26	Phillip	Avepoint	17.98	20	Accumulate	DCF
10/06/26	DBS Vickers	China Aviation Oil	1.32	2.2	Buy	PER13x FY27
10/06/26	Lim & Tan	Civmec	1.52	1.84	Accumulate on weakness
10/06/26	OCBC	EGP Energy	0.74	1.05	Buy	PER
10/06/26	Lim & Tan	Geo Energy	0.6	0.79	Buy
10/06/26	DBS Vickers	SATS	3.74	5	Buy	DCF
10/06/26	DBS Vickers	SIA	6.66	7.7	Hold	EV/Ebitda5x FY27
10/06/26	DBS Vickers	SIA Engineering	3.13	3.8	Buy	PER21x FY27 & DCF
10/06/26	DBS Vickers	ST Engineering	11.23	12.4	Buy	PER28x FY27 & DCF

Baltic dry index - 3070

2026-10-06T15:23:49.284+08:00

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 598

2026-10-06T15:22:29.259+08:00

Related stock: Seatrium & Cosco.

Venture - Stock calls

2026-10-05T21:41:00.897+08:00

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	UOB Kay Hian	Venture	12.7	12.01	Hold	PER15.3x FY25
08/07/25	UOB Kay Hian	Venture	12.72	14.35	Buy	PER17.7x FY26
08/07/25	Phillip	Venture	12.72	11.3	Neutral	PER14x FY25
08/07/25	DBS Vickers	Venture	12.72	13.6	Hold	PER16x FY25/26
08/07/25	CIMB	Venture	12.72	13.45	Add	PER
08/07/25	Citi Research	Venture	12.72	11.8	Neutral	DCF
08/26/25	DMG & Partners	Venture	13.51	15	Buy	PER18x FY25/26
11/14/25	UOB Kay Hian	Venture	15.06	17.43	Buy	PER21.5x FY26
11/14/25	DBS Vickers	Venture	15.06	15.3	Hold	PER18x FY26
11/14/25	CIMB	Venture	15.06	14.75	Hold
11/14/25	Phillip	Venture	15.06	11.8	Hold
11/17/25	Phillip	Venture	14.56	13	Neutral	PER15x
11/26/25	DMG & Partners	Venture	14.99	16.66	Buy
02/27/26	DBS Vickers	Venture	16.9	17.9	Buy	PER21x FY26
02/27/26	Kim Eng	Venture	16.9	18.1	Buy	PER
03/02/26	Phillip	Venture	15.63	16.8	Accumulate	PER19x
03/02/26	CIMB	Venture	15.63	17.04	Add
03/12/26	DBS Vickers	Venture	15.66	17.9	Buy	PER21x FY26
04/23/26	DMG & Partners	Venture	16.56	17.42	Buy
05/04/26	CIMB	Venture	16.2	21.78	Add
05/06/26	UOB Kay Hian	Venture	16.48	20.65	Buy	PER23.7x FY27
05/06/26	DBS Vickers	Venture	16.48	21.8	Buy	PER24x FY27
05/06/26	Kim Eng	Venture	16.48	21.4	Buy	PER
05/08/26	Phillip	Venture	18.65	22.1	Buy	PER25x FY26
06/03/26	UOB Kay Hian	Venture	18.36	20.65	Buy	PER23.7x FY27
07/15/26	DMG & Partners	Venture	16.57	21.81	Buy
07/17/26	UOB Kay Hian	Venture	16.38	20.65	Buy	PER23.7x FY27
08/04/26	UOB Kay Hian	Venture	16.01	20.65	Buy	PER23.7x FY27
08/07/26	UOB Kay Hian	Venture	16.21	21.1	Buy	PER23.7x FY27
08/07/26	DBS Vickers	Venture	16.21	21.8	Buy	PER24x FY27
08/07/26	CIMB	Venture	16.21	21.78	Add	PER
08/11/26	DMG & Partners	Venture	17.19	20.78	Buy
09/01/26	UOB Kay Hian	Venture	16.88	21.1	Buy	PER23.7x FY27
09/14/26	DBS Vickers	Venture	16.67	22.9	Buy	PER24x FY27
09/18/26	CIMB	Venture	16.89	18.94	Add	PER
10/02/26	UOB Kay Hian	Venture	16.39	21.1	Buy	PER23.7x FY27
10/02/26	UBS	Venture	16.39	17.8	Neutral	Up from $15 (Buy)