The Iran war situation report. - Part 83

Just as we were expecting Trump to wrap up the illegal Iran war, he had launched some strikes against Iran suddenly.

Thereafter, Iran retaliated by attacking Bahrain and Kuwait.

Then, Trump announced the US-Iran ceasefire was over after Iran's retaliation.

What's our take on the latest developments?

We believe that Trump is just manipulating the markets for his personal gains and he will do his TACO thing again in the future because he is running out of time.  If he really wants to win his mid-term election, he has to end the Iran and Ukraine wars or else he has nothing to boast about his political achievements.

AIMS AMP Cap Ind Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	Kim Eng	AIMS AMP Cap Ind Reit	1.36	1.25	Hold	DDM
08/06/25	DMG & Partners	AIMS AMP Cap Ind Reit	1.35	1.52	Buy	DDM
10/30/25	DMG & Partners	AIMS AMP Cap Ind Reit	1.39	1.52	Buy	DDM
11/06/25	DBS Vickers	AIMS AMP Cap Ind Reit	1.39	1.6	Buy
11/10/25	Kim Eng	AIMS AMP Cap Ind Reit	1.41	1.44	Buy	DDM
02/05/26	DBS Vickers	AIMS AMP Cap Ind Reit	1.49	1.6	Buy	DCF
02/05/26	Lim & Tan	AIMS AMP Cap Ind Reit	1.49	1.52	Accumulate
02/05/26	Kim Eng	AIMS AMP Cap Ind Reit	1.54	1.65	Buy	DDM
04/23/26	DMG & Partners	AIMS AMP Cap Ind Reit	1.52	1.62	Buy	DDM
05/07/26	Lim & Tan	AIMS AMP Cap Ind Reit	1.52	1.65	Accumulate on weakness
05/08/26	DBS Vickers	AIMS AMP Cap Ind Reit	1.58	1.66	Buy	DCF
05/08/26	Kim Eng	AIMS AMP Cap Ind Reit	1.58	1.68	Buy	DDM
05/12/26	DMG & Partners	AIMS AMP Cap Ind Reit	1.56	1.7	Buy	DDM

AEM - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	UOB Kay Hian	AEM	1.62	1.09	Sell	PER15x FY25
08/14/25	DBS Vickers	AEM	1.53	2.1	Buy	PER25x FY26
08/21/25	CIMB	AEM	1.41	1.44	Hold	PER
08/29/25	UOB Kay Hian	AEM	1.52	1.25	Sell	PER19x FY26
09/19/25	DBS Vickers	AEM	1.57	2.1	Buy	PER25x FY26
09/23/25	Amfrasers	AEM	1.92	2	Buy
10/06/25	DBS Vickers	AEM	2.04	2.1	Buy	PER25x FY26
11/13/25	DBS Vickers	AEM	1.8	2.1	Buy	PER25x FY26
11/14/25	UOB Kay Hian	AEM	1.83	1.51	Sell	PER23x FY26
11/19/25	Lim & Tan	AEM	1.73	1.6	Sell
11/19/25	Kim Eng	AEM	1.73	1.49	Sell
02/10/26	DBS Vickers	AEM	1.9	2.1	Buy	PER25x FY26
02/27/26	UOB Kay Hian	AEM	2.47	2.65	Buy	PER25x FY26
02/27/26	DBS Vickers	AEM	2.47	3.3	Buy	PER30x FY26
02/27/26	CIMB	AEM	2.47	3.14	Add	PER
02/27/26	Kim Eng	AEM	2.47	2.84	Buy
03/05/26	DBS Vickers	AEM	3.05	3.3	Buy	PER30x FY26
03/20/26	DBS Vickers	AEM	3.78	4.6	Buy	PER32x FY27
03/24/26	UOB Kay Hian	AEM	3.96	4.7	Buy	PER33x FY27
04/02/26	DBS Vickers	AEM	4.32	4.6	Buy	PER32x FY27
04/27/26	CIMB	AEM	6.06	10.15	Add	PER
04/29/26	DBS Vickers	AEM	7.15	8.9	Buy	PER42x FY27
05/05/26	CIMB	AEM	7.42	10.15	Add	PER41x
05/14/26	DBS Vickers	AEM	8.35	11.8	Buy	PER42x FY27
05/14/26	Kim Eng	AEM	8.35	11.48	Buy	PER
05/15/26	UOB Kay Hian	AEM	9.91	12.99	Buy	PER40x FY27
05/15/26	CIMB	AEM	9.91	14.79	Add	PER43x FY27

Addvalue - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/19/26	Kim Eng	Addvalue	0.083	0.12	Buy	PER35x FY27/28
03/20/26	Kim Eng	Addvalue	0.086	0.12	Buy	PER35x FY27/28
04/27/26	Kim Eng	Addvalue	0.118	0.31	Buy	P/S
05/06/26	Kim Eng	Addvalue	0.142	0.31	Buy	P/S
05/26/26	Kim Eng	Addvalue	0.166	0.34	Buy	P/S
06/09/26	UOB Kay Hian	Addvalue	0.169	0.36	Buy
07/01/26	Kim Eng	Addvalue	0.139	0.34	Buy	P/S

Stock calls for 8 July 2026

Date	Analyst	Company	Last	Target	Call	Valuation
07/08/26	SAC Capital	Aspial	0.355	0.5	Buy	PER
07/08/26	Lim & Tan	Beng Kuang Marine	0.46	0.72	Buy
07/08/26	Lim & Tan	Boustead	2.07	2.67	Accumulate
07/08/26	DBS Vickers	ESR-Reit	2.34	3.2	Buy	DCF
07/08/26	CIMB	Ever Glory Uinited Holdings	0.775	0.9	Add	PER, Ex-bonus
07/08/26	UOB Kay Hian	Keppel Reit	0.89	1.13	Buy	DDM
07/08/26	DBS Vickers	Yangzijiang Shipping	3.48	4.55	Buy	PB2.6x FY26, PER11x FY26

A-reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/25	UOB Kay Hian	A-Reit	2.55	3.51	Buy	DDM
04/01/25	UOB Kay Hian	A-Reit	2.67	3.51	Buy	DDM
04/17/25	DMG & Partners	A-Reit	2.62	3.2	Buy	DDM
04/29/25	DBS Vickers	A-Reit	2.68	3.2	Buy	DCF
04/29/25	OCBC	A-Reit	2.68	3.21	Buy
05/21/25	UOB Kay Hian	A-Reit	2.58	3.51	Buy	DDM
05/28/25	Lim & Tan	A-Reit	2.61	3.12	Accumulate
05/29/25	CIMB	A-Reit	2.61	3.1	Add	DDM
06/13/25	DBS Vickers	A-Reit	2.6	3.2	Buy	DCF
06/18/25	UOB Kay Hian	A-Reit	2.64	3.58	Buy	DDM
06/27/25	UOB Kay Hian	A-Reit	2.66	4.02	Buy	DDM
07/16/25	CIMB	A-Reit	2.75	3.1	Add	DDM
08/01/25	UOB Kay Hian	A-Reit	2.79	4.02	Buy	DDM
08/05/25	CIMB	A-Reit	2.88	3.15	Add	DDM
08/05/25	Lim & Tan	A-Reit	2.88	3.15	Accumulate on weakness
08/06/25	DMG & Partners	A-Reit	2.75	3.2	Buy	DDM
09/01/25	UOB Kay Hian	A-Reit	2.72	4.02	Buy	DDM
09/01/25	Citi Research	A-Reit	2.72	3.26	Buy
10/01/25	UOB Kay Hian	A-Reit	2.79	4.02	Buy	DDM
10/07/25	DBS Vickers	A-Reit	2.85	3.2	Buy	DCF
10/07/25	Lim & Tan	A-Reit	2.85	3.15	Accumulate on weakness
10/30/25	DMG & Partners	A-Reit	2.87	3.2	Buy	DDM
11/03/25	UOB Kay Hian	A-Reit	2.82	4.02	Buy	DDM
11/03/25	DBS Vickers	A-Reit	2.82	3.2	Buy	DCF
11/03/25	CIMB	A-Reit	2.82	3.27	Add	DDM
11/03/25	Lim & Tan	A-Reit	2.82	3.18	Accumulate on weakness
12/01/25	UOB Kay Hian	A-Reit	2.81	4.02	Buy	DDM
12/22/25	DMG & Partners	A-Reit	2.79	3.2	Buy	DDM
12/30/25	Lim & Tan	A-Reit	2.82	3.27	Accumulate on weakness
01/02/26	UOB Kay Hian	A-Reit	2.83	4.02	Buy	DDM
01/05/26	UOB Kay Hian	A-Reit	2.83	4.02	Buy	DDM
01/19/26	DBS Vickers	A-Reit	2.86	3.2	Buy	DCF
02/06/26	DBS Vickers	A-Reit	2.86	3.2	Buy	DCF
02/06/26	CIMB	A-Reit	2.86	3.21	Add	DDM
02/09/26	UOB Kay Hian	A-Reit	2.8	3.7	Buy	DDM
02/13/26	DMG & Partners	A-Reit	2.7	3.2	Buy	DDM
03/10/26	UOB Kay Hian	A-Reit	2.54	3.7	Buy	DDM
03/24/26	Lim & Tan	A-Reit	2.5	3.22	Accumulate
04/02/26	BOA	A-Reit	2.52	3.1	Buy
04/02/26	CIMB	A-Reit	2.52	3.21	Add	DDM
04/23/26	DMG & Partners	A-Reit	2.57	3	Buy	DDM
04/28/26	DBS Vickers	A-Reit	2.54	3.2	Buy	DCF
04/28/26	CIMB	A-Reit	2.54	3.12	Add	DDM
05/25/26	UOB Kay Hian	A-Reit	2.52	3.78	Buy	DDM
05/25/26	Citi Research	A-Reit	2.52	2.91	Buy	Sum of parts
06/04/26	DBS Vickers	A-Reit	2.5	3.2	Buy	DCF
06/04/26	Lim & Tan	A-Reit	2.5	3.12	Accumulate
07/02/26	DBS Vickers	A-Reit	2.46	3.2	Buy	DCF