Pan-United - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/24	Lim & Tan	PanUnited	0.385	0.55	Accumulate
01/17/24	CIMB	PanUnited	0.38	0.55	Add
02/08/24	Lim & Tan	PanUnited	0.38	0.53	Accumulate
02/09/24	CIMB	PanUnited	0.4	0.64	Add	EV/Ebitda
02/13/24	phillip	PanUnited	0.41	0.55	Buy	DCF
04/09/24	Lim & Tan	PanUnited	0.445	0.6	Accumulate
06/12/24	CIMB	PanUnited	0.46	0.69	Add
06/19/24	UOB Kay Hian	PanUnited	0.465	0.71	Buy
08/01/24	CIMB	PanUnited	0.535	0.72	Add
08/05/24	phillip	PanUnited	0.525	0.68	Buy	DCF
08/30/24	UOB Kay Hian	PanUnited	0.51	0.71	Buy
01/14/25	CIMB	PanUnited	0.56	0.75	Add
02/28/25	phillip	PanUnited	0.615	0.75	Buy	DCF
03/07/25	CIMB	PanUnited	0.625	0.75	Add
03/14/25	UOB Kay Hian	PanUnited	0.62	0.81	Buy

Pacific Radiance - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/27/24	phillip	Pacific Radiance	0.041	0.06	Buy	PER8x FY25
12/12/24	CIMB	Pacific Radiance	0.047	0.07	Add	PB
03/05/25	CIMB	Pacific Radiance	0.044	0.07	Add
03/17/25	phillip	Pacific Radiance	0.045	0.06	Buy	PER8x FY25

OUE Ltd - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/21/24	Lim & Tan	OUE Ltd	1.05	1.25	Accept Offer

Stock calls for 7 April 2025

Date	Analyst	Company	Last	Target	Call	Valuation
04/07/25	UOB Kay Hian	DBS	43.3	40	Sell	GGM, PB1.68x FY25
04/07/25	Lim & Tan	DBS	43.3	0	Hold
04/07/25	Citi Research	DBS	43.3	47	Buy
04/07/25	DMG & Partners	Ireit	0.245	0.34	Buy	DDM
04/07/25	UOB Kay Hian	OCBC	16.62	16.85	Hold	GGM, PB1.27x FY25
04/07/25	Lim & Tan	OCBC	16.62	0	Hold
04/07/25	Citi Research	OCBC	16.62	15.7	Hold
04/07/25	Lim & Tan	Sheng Siong	1.65	1.89	Hold
04/07/25	Lim & Tan	UOB	35.46	0	Hold
04/07/25	Citi Research	UOB	35.46	34.8	Hold

China's retaliation has caused more harm to the US stock market than the US's tariffs against China.

5 April 2025 markets:

The US markets had fallen heavily after China's retaliation against the US tariffs and we've stated this on our blog (see below).

https://sg-stock.blogspot.com/2025/04/trumps-tariffs-for-top-dirty-countries.html

The next to retaliate against the US tariffs will be EU and the risk indices will spike further.

The stock market risk/volatility index (VIX) has spiked after the new Trump's tariffs.

The bond market risk/volatility index (MOVE) also spiked simultaneously.

This tariff war is going to drag the global economy down and JPM is the first to declare a US recession in 2025.

Baltic dry index - 1489

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 590

Related stock: Seatrium & Cosco.