ESR Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/25	DMG & Partners	ESR-Reit	0.255	0.34	Buy	DDM
01/24/25	DBS Vickers	ESR-Reit	0.26	0.34	Buy	DCF
01/27/25	DBS Vickers	ESR-Reit	0.26	0.31	Buy	DCF
01/27/25	DMG & Partners	ESR-Reit	0.26	0.33	Buy
01/28/25	CIMB	ESR-Reit	0.255	0.36	Add	DDM
02/11/25	DBS Vickers	ESR-Reit	0.25	0.31	Buy	DCF
04/23/25	CIMB	ESR-Reit	0.205	0.36	Add	DDM
07/14/25	DMG & Partners	ESR-Reit	2.42	3.25	Buy	Share cosol 10-into-1, Up from $3.15
07/29/25	DBS Vickers	ESR-Reit	2.64	3.1	Buy	DCF
07/30/25	DBS Vickers	ESR-Reit	2.71	3.2	Buy	DCF
08/04/25	CIMB	ESR-Reit	2.74	3.55	Add	DDM
10/28/25	DBS Vickers	ESR-Reit	2.87	3.2	Buy	DCF
10/30/25	CIMB	ESR-Reit	2.91	3.64	Add	DDM
10/30/25	DMG & Partners	ESR-Reit	2.91	3.15	Buy
11/06/25	Kim Eng	ESR-Reit	2.82	3	Buy	DDM
12/15/25	Lim & Tan	ESR-Reit	2.74	3.3	Accumulate

Stock calls for 21 January 2026

Date	Analyst	Company	Last	Target	Call	Valuation
01/21/26	UOB Kay Hian	City Developments	9.1	11.5	Buy	RNAV (15% disc)
01/21/26	Lim & Tan	City Developments	9.1	8.69	Hold
01/21/26	Lim & Tan	CNMC	1.24	1.53	Buy	PER12.2x FY26
01/21/26	OCBC	ST Engineering	9.53	10.9	Buy

Elite ComReit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/18/24	Amfrasers	Elite ComReit	0.29	0.37	Outperform	DCF
01/10/25	DMG & Partners	Elite ComReit	0.29	0.35	Buy	DDM
02/10/25	Lim & Tan	Elite ComReit	0.3	0.36	Accumulate
02/11/25	phillip	Elite ComReit	0.31	0.35	Buy	DDM
02/11/25	DMG & Partners	Elite ComReit	0.31	0.35	Buy	DDM
02/12/25	DBS Vickers	Elite ComReit	0.305	0.36	Buy	DCF
03/13/25	UOB Kay Hian	Elite ComReit	0.3	0.35	Buy	DDM
05/02/25	phillip	Elite ComReit	0.295	0.35	Buy	DDM
05/02/25	DMG & Partners	Elite ComReit	0.295	0.35	Buy	DDM
05/05/25	Lim & Tan	Elite ComReit	0.29	0.35	Accumulate
05/06/25	UOB Kay Hian	Elite ComReit	0.29	0.35	Buy	DDM
06/11/25	DBS Vickers	Elite ComReit	0.335	0.36	Buy	DCF
06/11/25	CIMB	Elite ComReit	0.335	0.35	Add
06/11/25	Lim & Tan	Elite ComReit	0.335	0	Accumulate on weakness
06/23/25	phillip	Elite ComReit	0.305	0.35	Buy	DDM
07/15/25	DBS Vickers	Elite ComReit	0.32	0.36	Buy	DCF
07/24/25	CIMB	Elite ComReit	0.34	0.38	Add
08/01/25	phillip	Elite ComReit	0.345	0.39	Buy	DDM
08/04/25	DBS Vickers	Elite ComReit	0.35	0.4	Buy	DCF
08/06/25	DMG & Partners	Elite ComReit	0.345	0.37	Buy
09/19/25	UOB Kay Hian	Elite ComReit	0.35	0.39	Buy	DDM
09/22/25	phillip	Elite ComReit	0.35	0.39	Buy	DDM
10/23/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
11/04/25	Lim & Tan	Elite ComReit	0.36	0.4	Hold
11/19/25	Amfrasers	Elite ComReit	0.36	0.41	Outperform	DDM
11/24/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
12/23/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
01/07/26	phillip	Elite ComReit	0.36	0.39	Buy	DDM

Digicore Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/25	UOB Kay Hian	Digicore Reit	0.58	0.95	Buy	DDM
01/03/25	DBS Vickers	Digicore Reit	0.58	0.75	Buy	DCF
01/08/25	UOB Kay Hian	Digicore Reit	0.545	0.99	Buy	DDM
01/08/25	Citi Research	Digicore Reit	0.545	0.76	Buy	DDM & RNAV
01/28/25	DBS Vickers	Digicore Reit	0.545	0.72	Buy	DCF
01/31/25	UOB Kay Hian	Digicore Reit	0.55	0.93	Buy	DDM
02/13/25	Lim & Tan	Digicore Reit	0.515	0.78	Accumulate
02/14/25	UOB Kay Hian	Digicore Reit	0.535	0.88	Buy	DDM
03/06/25	UOB Kay Hian	Digicore Reit	0.55	0.88	Buy	DDM
04/01/25	UOB Kay Hian	Digicore Reit	0.53	0.88	Buy	DDM
04/24/25	DBS Vickers	Digicore Reit	0.475	0.7	Buy	DCF
05/02/25	phillip	Digicore Reit	0.5	0.9	Buy	DDM
05/21/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
06/27/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
07/24/25	UOB Kay Hian	Digicore Reit	0.555	0.88	Buy	DDM
07/24/25	DBS Vickers	Digicore Reit	0.555	0.68	Buy	DCF
08/29/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
10/23/25	DBS Vickers	Digicore Reit	0.485	0.68	Buy	DCF
11/18/25	DBS Vickers	Digicore Reit	0.5	0.68	Buy	DCF
01/05/26	DBS Vickers	Digicore Reit	0.51	0.68	Buy	DCF
01/06/26	UOB Kay Hian	Digicore Reit	0.545	0.92	Buy	DDM

Dezign Format - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/20/25	UOB Kay Hian	Dezign Format	0.305	0.37	Buy	PER10.5x FY26
09/30/25	Lim & Tan	Dezign Format	0.285	0.37	Buy

Stock calls for 20 January 2026

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/26	UOB Kay Hian	Centurion	1.42	1.9	Buy
01/20/26	Lim & Tan	Mapletree Commercial	1.47	1.55	Hold
01/20/26	UOB Kay Hian	Soon Hock	0.635	0.71	Buy	PB1.2x FY26
01/20/26	DBS Vickers	Thai Beverage	0.465	0.62	Buy	PER14x FY26
01/20/26	UOB Kay Hian	Tiong Woon	0.93	1.11	Buy	PB0.75x FY26

CIA is creating chaos in Iran!

It looks like CIA is orchestrating a colour revolution in Iran now because we see the same modus operandi from 2019 HK riots.

There are price tags to encourage riots and chaos in Iran (see below).

The same thing also happened in HK riots in 2019.

https://sg-stock.blogspot.com/2019/09/hong-kong-protests-continue-again.html

Delfi - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/25	DBS Vickers	Delfi	0.75	0.8	Hold
02/26/25	Lim & Tan	Delfi	0.735	0	Accumulate on weakness
02/27/25	CIMB	Delfi	0.725	0.88	Add
03/11/25	UOB Kay Hian	Delfi	0.755	0.82	Hold	PER12x FY25
04/14/25	Lim & Tan	Delfi	0.69	0.83	Accumulate on weakness
05/21/25	DBS Vickers	Delfi	0.71	0.8	Hold
05/21/25	Lim & Tan	Delfi	0.71	0.83	Accumulate on weakness
05/22/25	Lim & Tan	Delfi	0.715	0.82	Hold	PER12x FY25
05/22/25	CIMB	Delfi	0.715	0.71	Hold	PER
08/13/25	Lim & Tan	Delfi	0.85	0.78	Hold
08/13/25	DBS Vickers	Delfi	0.85	0.7	Fully Valued
08/19/25	UOB Kay Hian	Delfi	1.29	1.71	Buy
08/19/25	DMG & Partners	Delfi	1.29	1.33	Buy
11/14/25	DBS Vickers	Delfi	0.835	0.7	Fully Valued	PER12.4x FY26
11/14/25	CIMB	Delfi	0.835	0.81	Hold	PER
11/17/25	DBS Vickers	Delfi	0.82	0.8	Hold	PER12x FY26
12/11/25	DMG & Partners	Delfi	0.82	0.94	Buy	PER13x FY26

Del Monte - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/12/24	Lim & Tan	Del Monte	0.08	0	Avoid