SIA - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/16/25	UOB Kay Hian	SIA	6.27	5.8	Sell	PB1.1x FY26
02/18/25	DBS Vickers	SIA	6.42	6	Hold
02/18/25	Citi Research	SIA	6.42	6.34	Hold
02/19/25	Phillip	SIA	6.45	5.25	Reduce	PB1x FY25
02/24/25	Phillip	SIA	6.55	5.73	Neutral	PB1.1x FY25
02/24/25	DBS Vickers	SIA	6.55	6.3	Hold	EV/Ebitda5x FY25/26
02/24/25	OCBC	SIA	6.55	6.5	Hold	PB1.09x FY25
02/25/25	UOB Kay Hian	SIA	6.65	6.09	Hold
03/19/25	Phillip	SIA	6.74	5.74	Neutral	PB1.1x FY25
04/16/25	Phillip	SIA	6.3	5.74	Neutral	PB1.1x FY25
04/17/25	UOB Kay Hian	SIA	6.35	6.22	Hold	PB1.16x FY26
04/24/25	CIMB	SIA	6.59	6	Hold
05/16/25	DBS Vickers	SIA	6.88	6.3	Hold	EV/Ebitda5x FY25/26
05/16/25	CIMB	SIA	6.88	6.88	Hold	PB
05/16/25	Kim Eng	SIA	6.88	6.85	Hold
05/19/25	UOB Kay Hian	SIA	6.9	6.63	Hold	PB1.25x FY26
05/19/25	Phillip	SIA	6.9	6.08	Reduce	PB1.1x FY25
06/12/25	DBS Vickers	SIA	7.06	6.4	Hold	EV/Ebitda5x FY26
06/12/25	Citi Research	SIA	7.06	6.15	Sell
06/16/25	Kim Eng	SIA	6.94	6.85	Hold
06/17/25	UOB Kay Hian	SIA	6.87	6.63	Hold	PB1.25x FY26
06/17/25	Lim & Tan	SIA	6.87	6.73	Hold
07/16/25	Phillip	SIA	7.36	6.08	Reduce	PB1.1x FY25
07/29/25	Kim Eng	SIA	7.6	6.75	Sell
07/29/25	CIMB	SIA	7.6	6.8	Reduce
07/29/25	DBS Vickers	SIA	7.6	6.4	Hold	EV/Ebitda5x FY26
07/29/25	Lim & Tan	SIA	7.6	6.85	Hold
07/29/25	Citi Research	SIA	7.6	6.15	Sell	PB1.15x FY26
07/30/25	UOB Kay Hian	SIA	7.04	6.03	Sell	PB1.17x FY26
07/30/25	Phillip	SIA	7.04	5.94	Reduce	PB1.1x FY25
07/31/25	DBS Vickers	SIA	6.9	6.5	Hold
08/01/25	Phillip	SIA	6.59	5.94	Reduce	PB1.1x FY25
09/15/25	Phillip	SIA	6.54	5.94	Reduce	PB1.1x FY25
09/16/25	UOB Kay Hian	SIA	6.51	6.05	Sell	PB1.17x FY26
10/17/25	UOB Kay Hian	SIA	6.53	6.03	Sell	PB1.17x FY26
10/17/25	Phillip	SIA	6.53	5.94	Reduce	PB1.1x FY25
11/03/25	DBS Vickers	SIA	6.63	6.5	Hold	EV/Ebitda5x FY26
11/14/25	CIMB	SIA	6.65	5.6	Reduce	PB
11/17/25	UOB Kay Hian	SIA	6.52	6.1	Sell	PB1.17x FY27
11/19/25	Lim & Tan	SIA	6.48	6.22	Hold
11/24/25	Phillip	SIA	6.48	6.04	Neutral	PB1.2x FY26

Sheng Siong - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/25	phillip	Sheng Siong	1.64	1.76	Accumulate	PER18x FY25
03/03/25	DBS Vickers	Sheng Siong	1.64	1.9	Buy	PER19x FY25
03/18/25	UOB Kay Hian	Sheng Siong	1.63	1.92	Buy	PER20x FY25
03/18/25	Citi Research	Sheng Siong	1.63	1.9	Buy
04/07/25	Lim & Tan	Sheng Siong	1.65	1.89	Hold
04/08/25	UOB Kay Hian	Sheng Siong	1.59	1.92	Buy	PER20x FY25
04/24/25	DMG & Partners	Sheng Siong	1.76	1.98	Buy
04/30/25	DBS Vickers	Sheng Siong	1.74	1.9	Buy	PER19x FY25
05/02/25	phillip	Sheng Siong	1.76	1.89	Accumulate	PER18x FY25
05/02/25	DBS Vickers	Sheng Siong	1.76	2	Buy	PER19x FY25/26
05/02/25	Citi Research	Sheng Siong	1.76	2.05	Buy	PER20x FY26
05/05/25	UOB Kay Hian	Sheng Siong	1.76	1.97	Buy	PER20x FY25
06/03/25	UOB Kay Hian	Sheng Siong	1.83	1.97	Buy	PER20x FY25
06/10/25	DBS Vickers	Sheng Siong	1.83	2.3	Buy	PER20.9x FY26
06/23/25	OCBC	Sheng Siong	1.89	1.99	Hold
07/03/25	DMG & Partners	Sheng Siong	1.93	2.12	Buy
07/07/25	CIMB	Sheng Siong	1.97	2.21	Add
07/21/25	Kim Eng	Sheng Siong	2.08	2.3	Buy
07/31/25	DBS Vickers	Sheng Siong	2.13	2.3	Buy	PER20.9x FY26
08/01/25	UOB Kay Hian	Sheng Siong	2.1	2.4	Buy	PER23x FY26
08/01/25	phillip	Sheng Siong	2.1	2.3	Accumulate	PER23x FY26
08/01/25	CIMB	Sheng Siong	2.1	2.21	Add
08/06/25	DMG & Partners	Sheng Siong	2.13	2.41	Buy
08/29/25	DBS Vickers	Sheng Siong	2.02	2.3	Buy	PER20.9x FY26
09/26/25	DBS Vickers	Sheng Siong	2.11	2.3	Buy	PER20.9x FY26
10/13/25	Kim Eng	Sheng Siong	2.14	2.3	Buy	PER
10/22/25	DBS Vickers	Sheng Siong	2.18	2.6	Buy	PER23.7x FY26
11/03/25	UOB Kay Hian	Sheng Siong	2.32	2.5	Buy	PER23x FY26
11/03/25	Kim Eng	Sheng Siong	2.32	2.55	Buy
12/05/25	DBS Vickers	Sheng Siong	2.62	2.6	Hold	PER23.7x FY26

SGX - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/10/24	DMG & Partners	SGX	12.57	12.8	Neutral	PER21x
12/11/24	MorningStar	SGX	12.51	13.1	3-Star
01/14/25	UOB Kay Hian	SGX	12.12	11.83	Hold	PER22x FY25
01/15/25	DMG & Partners	SGX	12.13	12.8	Neutral
02/07/25	UOB Kay Hian	SGX	12.71	12.58	Hold	PER22x FY25
02/07/25	phillip	SGX	12.71	13.9	Accumulate	PER21x
02/07/25	DMG & Partners	SGX	12.71	12.8	Neutral	PER21x
02/10/25	DBS Vickers	SGX	13.99	14	Buy	DDM, PER24x FY25
02/14/25	Citi Research	SGX	13.47	11.9	Sell	DDM
02/24/25	DMG & Partners	SGX	12.8	13.6	Neutral	PER22x FY25
02/24/25	CIMB	SGX	12.8	13.2	Hold
04/10/25	OCBC	SGX	12.12	14.09	Buy
04/30/25	OCBC	SGX	14.15	14.78	Hold
05/21/25	DMG & Partners	SGX	14.11	14.1	Neutral
06/13/25	UOB Kay Hian	SGX	13.86	14.08	Hold	PER23x FY26
06/13/25	Lim & Tan	SGX	13.86	13.48	Hold
06/20/25	Kim Eng	SGX	13.85	16.09	Buy	DCF
06/25/25	DBS Vickers	SGX	13.9	14	Buy
07/07/25	DMG & Partners	SGX	15.17	16	Neutral
07/08/25	CIMB	SGX	15.16	18.3	Add
07/10/25	Citi Research	SGX	15.41	13.1	Sell	DDM
07/31/25	DBS Vickers	SGX	15.71	18.2	Buy
08/08/25	DBS Vickers	SGX	16.34	18.2	Buy	PER28x FY27
08/08/25	Lim & Tan	SGX	16.34	15.21	Hold
08/11/25	UOB Kay Hian	SGX	16.02	16.66	Hold	PER24.9x FY27
08/11/25	phillip	SGX	16.02	16.9	Accumulate	PER26x FY26
08/20/25	DMG & Partners	SGX	16.25	15.9	Neutral
09/15/25	DMG & Partners	SGX	16.57	17.8	Neutral	PER25x FY26
09/16/25	Lim & Tan	SGX	17.05	16.06	Hold
10/14/25	Lim & Tan	SGX	17.43	0	Hold
11/28/25	JPM	SGX	16.6	18.15	Overweight

Stock calls for 9 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/09/25	DMG & Partners	Centurion	1.3	1.86	Buy	Sum of parts
12/09/25	CIMB	Frasers Property	1.12	1.41	Add	RNAV (45% discount)
12/09/25	Lim & Tan	Innotek	0.655	0	Accumulate
12/09/25	UOB Kay Hian	LHN	0.675	0.84	Buy	PER12x FY26
12/09/25	CIMB	LHN	0.675	0.88	Add
12/09/25	CIMB	Marco Polo	0.148	0.2	Add
12/09/25	phillip	OUE Commercial	0.35	0.4	Buy	DDM
12/09/25	Lim & Tan	Sembcorp Industries	5.9	7.47	Accumulate
12/09/25	Citi Research	Singtel	4.56	5.08	Buy	Sum of parts

Chinese citizens bashed PM Wong over Sino-Japan spat. - Part 9

PM Wong screwed up again!  What happened this time?

PM Wong called Diaoyu Island as Senkaku Island.  Senkaku was named by Japan and by addressing Diaoyu as Senkaku, PM Wong was acknowledging that Diaoyu belonged to Japan instead of Taiwan (Yilan).

China and Taiwan will see PM Wong as a recalcitrant and anti-china PM now.

Japan has provoked China again!

Japan was trying to harass China's aircraft carrier (Liaoning) exercise in international water and airspace by sending its F15 to breach its exercise zone.  As a result, China had to send its J15 to ward off Japanese F15 by locking fire-control radar on F15.  This was not the first incident because Japan also provoked China in 2016.

https://sg-stock.blogspot.com/2016/10/japan-f15-was-no-match-for-china-su-30.html

In 2016, Japanese F15s were locking fire-control radar on Chinese SU-30 and China engaged in a dog fight that sent the F15s scrambling back to Japan.