Ifast Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/26/24	DBS Vickers	Ifast Corp	7.11	9.57	Buy	DCF
07/29/24	UOB Kay Hian	Ifast Corp	7.5	8.03	Hold
07/30/24	CIMB	Ifast Corp	7.43	9.5	Add
10/28/24	DBS Vickers	Ifast Corp	7.75	9.57	Buy	DCF
10/28/24	Lim & Tan	Ifast Corp	7.75	9.26	Hold
10/29/24	UOB Kay Hian	Ifast Corp	7.65	8.17	Hold	PER25x FY25
10/30/24	CIMB	Ifast Corp	7.47	9.5	Add
02/13/25	DBS Vickers	Ifast Corp	7.65	10.23	Buy	DCF
02/13/25	Lim & Tan	Ifast Corp	7.65	0	Hold
02/14/25	UOB Kay Hian	Ifast Corp	7.87	8.3	Hold	PER25x FY25
03/12/25	DBS Vickers	Ifast Corp	7.75	10.88	Buy	DCF
04/10/25	DBS Vickers	Ifast Corp	6.2	10.88	Buy	DCF
04/28/25	Lim & Tan	Ifast Corp	7.19	9.42	Hold
04/29/25	UOB Kay Hian	Ifast Corp	6.35	7.28	Buy	PER25x FY25
04/29/25	DBS Vickers	Ifast Corp	6.35	9.22	Buy	DCF
05/05/25	Lim & Tan	Ifast Corp	6.3	7	Hold
06/30/25	UOB Kay Hian	Ifast Corp	6.6	7.28	Buy	PER25x FY25
07/28/25	DBS Vickers	Ifast Corp	7.42	9.22	Buy	Sum of parts & DCF
07/29/25	UOB Kay Hian	Ifast Corp	8.17	9.92	Buy	PER29x FY26
07/29/25	DBS Vickers	Ifast Corp	8.17	10	Buy	Sum of parts & DCF

Hyphens Pharma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/21/24	Phillip	Hyphens Pharma	0.29	0.35	Buy	DCF
08/26/24	SAC Capital	Hyphens Pharma	0.285	0.38	Buy
09/11/24	CIMB	Hyphens Pharma	0.29	0.4	Add	DCF
11/18/24	CIMB	Hyphens Pharma	0.28	0.35	Add	DCF
03/10/25	Phillip	Hyphens Pharma	0.28	0.35	Buy	DCF
03/12/25	SAC Capital	Hyphens Pharma	0.28	0.46	Buy
07/18/25	Lim & Tan	Hyphens Pharma	0.33	0.35	Accumulate on weakness

Hutchison Port (HPH) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/24/24	Lim & Tan	Hutchison Port	0.129	0.32	Accumulate
08/28/24	DBS Vickers	Hutchison Port	0.126	0.22	Buy	DCF
12/31/24	DBS Vickers	Hutchison Port	0.164	0.32	Buy	DCF
02/03/25	DBS Vickers	Hutchison Port	0.16	0.2	Buy	DCF
05/02/25	DBS Vickers	Hutchison Port	0.149	0.18	Buy	DCF
05/13/25	DBS Vickers	Hutchison Port	0.148	0.18	Buy	DCF
06/16/25	DBS Vickers	Hutchison Port	0.16	0.18	Buy	DCF
07/23/25	Lim & Tan	Hutchison Port	0.184	0	Hold
07/24/25	DBS Vickers	Hutchison Port	0.192	0.22	Buy	DCF
08/14/25	DBS Vickers	Hutchison Port	0.21	0.22	Buy	DCF

Stock calls for 19 August 2025

Date	Analyst	Company	Last	Target	Call	Valuation
08/19/25	Lim & Tan	Centurion	1.71	2	Accumulate on weakness	Sum of parts
08/19/25	CIMB	China Aviation Oil	1.22	1.45	Add
08/19/25	DMG & Partners	DBS	49.6	52.8	Buy
08/19/25	UOB Kay Hian	Delfi	1.29	1.71	Buy
08/19/25	DBS Vickers	Hong Leong Asia	1.95	2.8	Buy	Sum of parts
08/19/25	Phillip	HRnetGroup	0.715	0.78	Accumulate
08/19/25	Lim & Tan	Marco Polo	0.065	0.065	Hold
08/19/25	UOB Kay Hian	RH Petrogas	0.178	0.245	Buy	Sum of parts
08/19/25	DMG & Partners	ST Engineering	8.14	9.1	Buy
08/19/25	Kim Eng	ST Engineering	8.14	8.4	Hold	PER31x FY25
08/19/25	DBS Vickers	Yanlord	0.62	0.58	Hold	PB0.2x

what are the investment risks now?

The August fund manager survey (FMS) shows the following risks that the fund managers are concerned with.

HRnetGroup - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/28/24	DMG & Partners	HRnetGroup	0.685	0.84	Buy	PER14x FY24/25
08/13/24	Kim Eng	HRnetGroup	0.67	0.7	Hold
08/16/24	Phillip	HRnetGroup	0.655	0.82	Buy	PER11x FY24, Ex-cash
03/10/25	Phillip	HRnetGroup	0.695	0.78	Accumulate
08/15/25	CIMB	HRnetGroup	0.715	0.71	Hold	PER

Hotel Properties (HPL) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/25	DBS Vickers	Hotel Properties	5.21	5	Hold	RNAV (50% disc)

Hongkong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/24	DBS Vickers	Hongkong Land	3.43	4.05	Buy	RNAV (63% disc)
07/02/24	DBS Vickers	Hongkong Land	3.24	4.05	Buy	RNAV (63% disc)
07/17/24	CIMB	Hongkong Land	3.39	3.3	Hold	RNAV
08/05/24	DBS Vickers	Hongkong Land	3.21	3.88	Buy	RNAV (64% disc)
08/05/24	MorningStar	Hongkong Land	3.21	3.86	Buy
08/06/24	CIMB	Hongkong Land	3.25	3.21	Hold	RNAV
09/25/24	DBS Vickers	Hongkong Land	3.69	3.88	Buy	RNAV (64% disc)
10/18/24	DBS Vickers	Hongkong Land	4	3.88	Buy
10/30/24	DBS Vickers	Hongkong Land	3.89	5.34	Buy	RNAV (50% disc)
11/07/24	MorningStar	Hongkong Land	4.79	3.86	3-Star
03/10/25	Lim & Tan	Hongkong Land	4.46	4.73	Accumulate
03/10/25	DBS Vickers	Hongkong Land	4.46	5.25	Buy
03/10/25	CIMB	Hongkong Land	4.46	4.82	Hold
04/25/25	DBS Vickers	Hongkong Land	4.22	5.52	Buy
04/28/25	DBS Vickers	Hongkong Land	4.64	5.62	Buy	RNAV (46% disc)
04/28/25	CIMB	Hongkong Land	4.64	4.91	Hold	RNAV
05/23/25	Lim & Tan	Hongkong Land	5.23	0	Accumulate
05/26/25	DBS Vickers	Hongkong Land	5.27	5.62	Buy	RNAV (46% disc)
07/31/25	DBS Vickers	Hongkong Land	6.3	7.2	Buy	RNAV (35% disc)

Stock calls for 18 August 2025

Date	Analyst	Company	Last	Target	Call	Valuation
08/18/25	Phillip	Capitaland Investment	2.7	3.65	Buy	Sum of parts
08/18/25	Phillip	China Aviation Oil	1.23	1.5	Buy	DCF
08/18/25	phillip	City Developments	6.63	8.34	Buy	RNAV (35% disc)
08/18/25	CIMB	CSE Global	0.645	0.86	Add	PER
08/18/25	DBS Vickers	GuocoLand	1.76	2	Buy	RNAV (50% disc)
08/18/25	UOB Kay Hian	Hong Leong Asia	1.88	2.63	Buy	PER
08/18/25	phillip	PanUnited	1.13	1.34	Buy	DCF
08/18/25	UOB Kay Hian	Parkway Life	4.03	5.34	Buy	DDM
08/18/25	DBS Vickers	Propnex	2.03	2.15	Buy
08/18/25	CIMB	Q&M	0.43	0.49	Add	PER
08/18/25	Kim Eng	Q&M	0.43	0.31	Hold
08/18/25	Kim Eng	Sanli Env	0.21	0.38	Buy	PER15x FY26/27
08/18/25	phillip	SATS	3.27	3.58	Buy	DCF
08/18/25	Phillip	ST Engineering	8.46	8.2	Neutral	DCF
08/18/25	Phillip	Stoneweg Reit	1.59	1.86	Buy	DDM
08/18/25	Lim & Tan	UOL	7.27	8.06	Buy

The Russians are right! - Prof. Jeffrey Sachs

Watch the latest video about Prof. Sachs' opinion on the recent Putin-Trump meeting and learn the true causes of the Ukraine war.

The 1-year and 5-year inflation expectations have spiked in August 2025.

1-year inflation expectation: 4.9%

5-year inflation expectation: 3.9%

Both the 1-year and 5-year inflation expectations have spiked in August 2025.  This shows that the Trump's tariffs have started to affect consumers' sentiments.  The hardcore data will only reflect this poor sentiment later.

Baltic dry index - 2044

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 539

Related stock: Seatrium & Cosco.

Hong Leong Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/29/24	CIMB	Hong Leong Asia	0.795	1.2	Add	Sum of parts
08/29/24	UOB Kay Hian	Hong Leong Asia	0.795	1.38	Buy	Sum of parts
10/11/24	DBS Vickers	Hong Leong Asia	0.805	1.28	Buy	Sum of parts
12/13/24	UOB Kay Hian	Hong Leong Asia	0.83	1.11	Buy	Sum of parts
02/28/25	UOB Kay Hian	Hong Leong Asia	0.925	1.11	Buy	Sum of parts
02/28/25	DBS Vickers	Hong Leong Asia	0.925	1.6	Buy	Sum of parts
03/14/25	UOB Kay Hian	Hong Leong Asia	1	1.11	Buy	Sum of parts
03/24/25	UOB Kay Hian	Hong Leong Asia	1.02	1.46	Buy	Sum of parts
05/27/25	UOB Kay Hian	Hong Leong Asia	1.17	1.46	Buy	Sum of parts
06/23/25	UOB Kay Hian	Hong Leong Asia	1.33	1.46	Buy	Sum of parts
07/07/25	CIMB	Hong Leong Asia	1.6	1.95	Add
07/10/25	UOB Kay Hian	Hong Leong Asia	1.63	1.93	Buy	Sum of parts

Ho Bee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/16/25	Lim & Tan	Ho Bee	1.82	3.8	Accumulate
06/10/25	Lim & Tan	Ho Bee	1.89	0	Accumulate

Haw Par - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/25	DBS Vickers	Haw Par	13.55	23.5	Buy	Sum of parts (20% disc)