Pan-United - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
04/08/25	UOB Kay Hian	PanUnited	0.575	0.81	Buy
04/08/25	Lim & Tan	PanUnited	0.575	0.77	Accumulate
05/27/25	CIMB	PanUnited	0.705	0.823	Add

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 Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/24/24	phillip	OUE Commercial	0.26	0.33	Buy	DDM
07/16/24	Kim Eng	OUE Commercial	0.29	0.3	Buy
07/22/24	phillip	OUE Commercial	0.3	0.33	Buy	DDM
07/25/24	Lim & Tan	OUE Commercial	0.29	0.32	Accumulate on weakness
07/26/24	phillip	OUE Commercial	0.275	0.33	Buy	DDM
07/29/24	DBS Vickers	OUE Commercial	0.285	0.33	Buy	DCF
08/22/24	Amfrasers	OUE Commercial	0.285	0.31	outperform	DDM
08/26/24	phillip	OUE Commercial	0.28	0.33	Buy	DDM
09/23/24	phillip	OUE Commercial	0.325	0.4	Buy	DDM
10/18/24	phillip	OUE Commercial	0.31	0.4	Buy	DDM
10/24/24	Lim & Tan	OUE Commercial	0.3	0.36	Accumulate
11/05/24	OCBC	OUE Commercial	0.29	0.34	Buy
11/25/24	phillip	OUE Commercial	0.285	0.4	Buy	DDM
12/23/24	Lim & Tan	OUE Commercial	0.27	0.36	Accumulate
12/23/24	DBS Vickers	OUE Commercial	0.27	0.33	Buy	DCF
01/24/25	DBS Vickers	OUE Commercial	0.3	0.33	Buy	DCF
01/24/25	Lim & Tan	OUE Commercial	0.3	0.36	Accumulate
01/27/25	phillip	OUE Commercial	0.3	0.4	Buy	DDM
01/28/25	CIMB	OUE Commercial	0.3	0.32	Hold	DDM
01/28/25	OCBC	OUE Commercial	0.3	0.345	Buy
01/28/25	Kim Eng	OUE Commercial	0.3	0.34	Buy
04/28/25	phillip	OUE Commercial	0.275	0.4	Buy	DDM
04/28/25	DBS Vickers	OUE Commercial	0.275	0.33	Buy	DCF
04/28/25	Kim Eng	OUE Commercial	0.275	0.27	Hold
04/29/25	OCBC	OUE Commercial	0.28	0.315	Buy
04/29/25	Kim Eng	OUE Commercial	0.28	0.28	Hold
04/29/25	CIMB	OUE Commercial	0.28	0.33	Add
05/02/25	Amfrasers	OUE Commercial	0.28	0.32	outperform	DDM

Stock calls for 23 June 2025

Date	Analyst	Company	Last	Target	Call	Valuation
06/23/25	DBS Vickers	City Developments	4.99	6.7	Buy	RNAV (60% disc)
06/23/25	phillip	Elite ComReit	0.305	0.35	Buy	DDM
06/23/25	phillip	First Reit	0.26	0.32	Buy	DDM
06/23/25	Phillip	Frasers Centrepoint Trust	2.23	2.44	Accumulate	DDM
06/23/25	UOB Kay Hian	Hong Leong Asia	1.33	1.46	Buy	Sum of parts
06/23/25	DBS Vickers	Netlink	0.87	0.98	Buy	DCF
06/23/25	DMG & Partners	Raffles Medical	0.955	1.08	Buy	Sum of parts
06/23/25	OCBC	Sheng Siong	1.89	1.99	Hold
06/23/25	Phillip	Stoneweg Reit	1.52	1.86	Buy	DDM
06/23/25	Phillip	Suntec Reit	1.12	1.33	Buy	DDM
06/23/25	DBS Vickers	Thai Beverage	0.445	0.63	Buy	PER16x FY25
06/23/25	Phillip	Thai Beverage	0.445	0.56	Buy	PER12x FY25
06/23/25	UOB Kay Hian	Tiong Woon	0.58	0.64	Buy	PB0.45X FY25

The US leading economic indicator is signalling a recession.

The US leading economic indicator has been on a downtrend since 2021.

However, the LEI growth rate has just plunged into a recessionary zone again!  This has definitely increased the US recession risk.

Baltic dry index - 1689

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 554

Related stock: Seatrium & Cosco.

IAEA had reversed its earlier statement about Iran's nuke.

 
IAEA chief was in cahoots with Israel to fabricate the falsehood about Iran's nuke.  Why did he reverse his earlier statement then?

Well, this was because Iran threatened to reveal more proofs about IAEA collusion with Israel after the initial revelation (see below).

Some American are still aware of the true situations and not be deceived by the western media.

Some American are still aware of the true situations and not be deceived by the western media.

Kudos to this American!

The truth:

1. No WMDs in Iraq.

2. No chemical weapon in Syria.

3. No nuke in Iran.

Ossia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/14/24	Lim & Tan	Ossia	0.15	0	Reject Offer	Offer @ $0.145
07/17/24	Lim & Tan	Ossia	0.155	0.145	Accept Offer

OKP - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/25	Lim & Tan	OKP	0.565	0.93	Buy
06/06/25	Lim & Tan	OKP	0.755	0.97	Buy	PER8x FY25

Oiltek - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/10/24	phillip	Oiltek	0.365	0.7	Buy
08/07/24	phillip	Oiltek	0.445	0.7	Buy	PER15x FY24
11/01/24	phillip	Oiltek	0.56	0.7	Buy	PER15x FY24
11/20/24	phillip	Oiltek	0.92	1.19	Buy	PER22x FY25
12/09/24	Lim & Tan	Oiltek	0.96	1.21	Buy
12/11/24	UOB Kay Hian	Oiltek	0.975	1.22	Buy	PER18.9x FY25, PEG0.9x
01/06/25	CIMB	Oiltek	1.03	1.32	Add
02/13/25	UOB Kay Hian	Oiltek	1.15	1.37	Buy	PER19x FY25, PEG0.9x
02/14/25	phillip	Oiltek	1.18	1.48	Buy	PER20x FY25
02/17/25	Lim & Tan	Oiltek	1.17	1.5	Buy	PER20x FY25
03/11/25	phillip	Oiltek	1.22	1.48	Buy	PER20x FY25
03/21/25	Lim & Tan	Oiltek	1.16	1.43	Buy
03/27/25	UOB Kay Hian	Oiltek	1.15	1.44	Buy	PER20x FY25, PEG0.8x
04/10/25	UOB Kay Hian	Oiltek	0.96	1.44	Buy	PER20x FY25, PEG0.8x
04/16/25	Lim & Tan	Oiltek	1.16	1.5	Buy
06/09/25	Lim & Tan	Oiltek	0.605	0	Accumulate on weakness
05/27/25	UOB Kay Hian	Oiltek	0.53	0.48	Buy	Ex-bonus

Stock calls for 20 June 2025

Date	Analyst	Company	Last	Target	Call	Valuation
06/20/25	phillip	CNMC	0.435	0.544	Buy	DCF
06/20/25	DBS Vickers	Lendlease Reit	0.5	0.75	Buy	DCF
06/20/25	UOB Kay Hian	Mapletree Industrial	1.97	2.73	Buy	DDM
06/20/25	Kim Eng	SGX	13.85	16.09	Buy	DCF
06/20/25	Lim & Tan	Singapore Post	0.57	0.7	Hold
06/20/25	DBS Vickers	Singtel	3.91	4.58	Buy	EV/Ebitda18.5x

What will the Fed do for its June FOMC meeting? - Part 2

Just as expected, the US Fed kept its rates on hold for its June FOMC.

What had changed for this June FOMC?

The Fed had revised down its GDP forecast and upped its inflation forecast.  This is a sign of STAGFLATION.