Seatrium - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/24/24	Lim & Tan	Seatrium	1.93	0	Hold
12/24/24	DBS Vickers	Seatrium	1.93	3	Buy
01/02/25	UOB Kay Hian	Seatrium	2.07	2.8	Buy	PB1.4x
01/02/25	OCBC	Seatrium	2.07	2.64	Buy
01/21/25	CIMB	Seatrium	2.23	2.9	Add
01/28/25	DBS Vickers	Seatrium	2.22	3	Buy
01/28/25	Lim & Tan	Seatrium	2.22	0	Hold
02/03/25	UOB Kay Hian	Seatrium	2.23	2.8	Buy	PB1.4x
02/14/25	Lim & Tan	Seatrium	2.55	0	Hold
02/14/25	CIMB	Seatrium	2.55	2.9	Add
02/18/25	OCBC	Seatrium	2.57	2.82	Buy
02/20/25	DBS Vickers	Seatrium	2.55	3	Buy
02/21/25	Lim & Tan	Seatrium	2.5	0	Sell
02/21/25	Citi Research	Seatrium	2.5	2.65	Hold
02/24/25	UOB Kay Hian	Seatrium	2.38	2.96	Buy	PB1.5x
02/24/25	CIMB	Seatrium	2.38	2.8	Add	PB
03/04/25	UOB Kay Hian	Seatrium	2.15	2.96	Buy	PB1.5x
03/04/25	Citi Research	Seatrium	2.15	2.65	Buy
04/10/25	DBS Vickers	Seatrium	1.68	3	Buy
05/07/25	UOB Kay Hian	Seatrium	1.92	2.96	Buy	PB1.5x
05/29/25	DBS Vickers	Seatrium	2.06	3	Buy
05/29/25	Lim & Tan	Seatrium	2.06	2.72	Accumulate on weakness
05/29/25	OCBC	Seatrium	2.06	2.76	Buy
05/30/25	CIMB	Seatrium	2.07	2.8	Add
06/02/25	UOB Kay Hian	Seatrium	2.05	2.96	Buy	PB1.5x
06/02/25	MorningStar	Seatrium	2.05	2.92	4-Star
07/01/25	CIMB	Seatrium	2.01	2.8	Add	PB
07/07/25	UOB Kay Hian	Seatrium	2.07	2.96	Buy	PB1.5x
08/01/25	UOB Kay Hian	Seatrium	2.27	2.96	Buy	PB1.5x
08/01/25	DBS Vickers	Seatrium	2.27	2.96	Buy	PB1.5x FY25
08/01/25	CIMB	Seatrium	2.27	2.8	Add	PB
08/28/25	Lim & Tan	Seatrium	2.29	2.75	Accumulate on weakness
08/28/25	Citi Research	Seatrium	2.29	2.65	Buy
09/23/25	JPM	Seatrium	2.34	3.05	Overweight
09/24/25	DBS Vickers	Seatrium	2.37	2.96	Buy	PB1.5x FY25
09/24/25	CIMB	Seatrium	2.37	2.8	Add	PB
09/26/25	UOB Kay Hian	Seatrium	2.44	2.96	Buy	PB1.5x
10/10/25	DBS Vickers	Seatrium	2.44	2.96	Buy	PB1.5x FY25
10/10/25	CIMB	Seatrium	2.44	2.8	Add	PB
10/16/25	Lim & Tan	Seatrium	2.12	2.84	Accumulate on weakness
11/03/25	DBS Vickers	Seatrium	2.17	2.96	Buy	PB1.5x
11/14/25	UOB Kay Hian	Seatrium	2.18	2.96	Buy	PB1.5x
11/14/25	CIMB	Seatrium	2.18	2.67	Add	PB
11/14/25	MorningStar	Seatrium	2.18	2.92	4-Star
11/14/25	OCBC	Seatrium	2.18	2.76	Buy
11/26/25	Lim & Tan	Seatrium	2.06	2.8	Accumulate on weakness
11/27/25	CIMB	Seatrium	2.12	2.67	Add	PB
12/08/25	UOB Kay Hian	Seatrium	2.12	2.96	Buy	PB1.5x

SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/24	DBS Vickers	SATS	3.75	4.4	Buy	EV/Ebitda8.3x FY25/26
12/03/24	OCBC	SATS	3.75	4.38	Buy
01/02/25	UOB Kay Hian	SATS	3.64	4.3	Buy	PER18.4x FY27
01/03/25	phillip	SATS	3.64	4.62	Buy	DCF
01/10/25	DBS Vickers	SATS	3.62	4.4	Buy	EV/Ebitda8.3x FY25/26
01/10/25	Lim & Tan	SATS	3.62	4.38	Hold
02/04/25	UOB Kay Hian	SATS	3.35	4	Buy	PER18.4x FY27
02/19/25	phillip	SATS	3.35	4.62	Buy	DCF
02/24/25	UOB Kay Hian	SATS	3.3	3.86	Buy	PER18.4x FY27
02/24/25	phillip	SATS	3.3	4.34	Buy	DCF
02/24/25	DBS Vickers	SATS	3.3	4	Buy	EV/Ebitda8.3x FY25/26
02/24/25	OCBC	SATS	3.3	4.11	Buy
03/19/25	phillip	SATS	3.07	4.34	Buy	DCF
03/19/25	OCBC	SATS	3.07	3.93	Buy
03/21/25	DBS Vickers	SATS	3.04	4	Buy	EV/Ebitda8.3x FY25/26
04/09/25	UOB Kay Hian	SATS	2.65	2.89	Hold	PER16.8x FY27
04/10/25	DBS Vickers	SATS	2.46	4	Buy	EV/Ebitda8.3x FY25/26
04/10/25	CIMB	SATS	2.46	3.05	Add	DCF
04/16/25	phillip	SATS	2.67	4.34	Buy	DCF
04/16/25	Lim & Tan	SATS	2.67	3.85	Accumulate
05/19/25	phillip	SATS	2.99	4.34	Buy	DCF
05/26/25	UOB Kay Hian	SATS	2.98	3.22	Buy	PER16.8x FY27
05/26/25	phillip	SATS	2.98	3.58	Buy	DCF
05/26/25	DBS Vickers	SATS	2.98	3.5	Buy
07/16/25	phillip	SATS	3.24	3.58	Buy	DCF
07/17/25	CIMB	SATS	3.25	3.6	Add	DCF
08/18/25	phillip	SATS	3.27	3.58	Buy	DCF
08/21/25	DBS Vickers	SATS	3.18	3.5	Buy	DCF & PER19x FY26
08/21/25	Lim & Tan	SATS	3.18	3.74	Accumulate
08/22/25	UOB Kay Hian	SATS	3.26	3.52	Buy	PER18.4x FY27
08/22/25	phillip	SATS	3.26	3.66	Accumulate	DCF
08/25/25	DBS Vickers	SATS	3.26	3.8	Buy
08/25/25	CIMB	SATS	3.26	3.83	Add	DCF
09/17/25	phillip	SATS	3.29	3.58	Buy	DCF
09/25/25	CIMB	SATS	3.39	3.83	Add	DCF
11/14/25	DBS Vickers	SATS	3.55	3.8	Buy	PER18x & DCF
11/17/25	UOB Kay Hian	SATS	3.47	4.2	Buy	PER19.7x FY27
11/18/25	DBS Vickers	SATS	3.48	4	Buy	PER19x & DCF

Stock calls for 8 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/08/25	DBS Vickers	ART	0.935	1.15	Buy	DCF
12/08/25	Lim & Tan	Capitaland Investment	2.61	3.39	Buy
12/08/25	DBS Vickers	CDL Hospitality	0.81	1	Buy
12/08/25	DBS Vickers	Cenurion Accommodation	1.1	1.3	Buy	DCF
12/08/25	DBS Vickers	Far East Hospitality	0.61	0.7	Buy	DCF
12/08/25	Phillip	LHN	0.69	0.85	Buy	Sum of parts
12/08/25	SAC Capital	Lincotrade	0.2	0.301	Buy
12/08/25	UOB Kay Hian	Marco Polo	0.14	0.188	Buy	PER20.5x FY26
12/08/25	UOB Kay Hian	Seatrium	2.12	2.96	Buy	PB1.5x
12/08/25	UOB Kay Hian	Yangzijiang Shipping	3.43	4.1	Buy	PER9.3x FY26

The US inflation is still a big problem but the US Fed will still ease its rates for this upcoming FOMC.

The monthly PCE and core PCE are relatively stable for the past 3 consecutive months with no sign of abatement. 

The US 1-year inflation expectation is still at a relatively high of 4.1% and the 5-year inflation expectation is still above 3% which is way above the Fed's neutral rate of 2%.

However, the US Fed is expected to ease its rates as shown by the Fedwatch tool below.

This upcoming easing will definitely impact the US inflation for next year.

Baltic dry index - 2727

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 549

 
Related stock: Seatrium & Cosco.

Sasseur - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/25	DBS Vickers	Sasseur	0.69	0.95	Buy	DCF
02/21/25	phillip	Sasseur	0.69	0.81	Buy	DDM
02/21/25	DBS Vickers	Sasseur	0.69	0.9	Buy	DCF
02/25/25	CIMB	Sasseur	0.69	0.85	Add
03/24/25	Amfrasers	Sasseur	0.665	0.9	Outperform	DDM
05/16/25	phillip	Sasseur	0.63	0.78	Buy	DDM
05/30/25	UOB Kay Hian	Sasseur	0.63	0.98	Buy
08/15/25	phillip	Sasseur	0.7	0.78	Buy	DDM
11/17/25	CIMB	Sasseur	0.675	0.9	Add	DDM
11/28/25	Amfrasers	Sasseur	0.68	0.87	Outperform	DDM

Sanli Environment - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/11/25	SAC Capital	Sanli Env	0.157	0.228	Buy
08/18/25	Kim Eng	Sanli Env	0.21	0.38	Buy	PER15x FY26/27
09/04/25	CIMB	Sanli Env	0.275	0.51	Add	PER
09/30/25	Kim Eng	Sanli Env	0.265	0.38	Buy	PER15x FY26/27
10/21/25	Kim Eng	Sanli Env	0.285	0.38	Buy	PER15x FY26/27
10/22/25	Lim & Tan	Sanli Env	0.31	0.44	Buy
10/23/25	Kim Eng	Sanli Env	0.311	0.5	Buy
11/11/25	Kim Eng	Sanli Env	0.34	0.53	Buy	PER
11/17/25	Kim Eng	Sanli Env	0.315	0.5	Buy	PER
11/25/25	CIMB	Sanli Env	0.29	0.47	Add	PER

Sabana - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/22/25	Lim & Tan	Sabana	0.375	0.3	Avoid
03/13/25	Lim & Tan	Sabana	0.365	0	Hold

Stock calls for 5 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/05/25	UOB Kay Hian	BRC Asia	4.01	4.9	Buy	PER14x FY26
12/05/25	DBS Vickers	Sheng Siong	2.62	2.6	Hold	PER23.7x FY26
12/05/25	Lim & Tan	UOL	8.62	0	Accumulate

Hot news: PM Sanae is corrupted!

PM Sanae is not going to last long in her position.  This scandal won't be exposed if she had not offended China. Hahaha!