Sin Heng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/21/25	SIAS	Sin Heng	0.58	0	Reject Offer	DCF & PER24x

SIA Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/08/25	UOB Kay Hian	SIA Engineering	1.96	2.7	Buy	DCF
05/13/25	DBS Vickers	SIA Engineering	2.28	2.5	Hold
05/13/25	Lim & Tan	SIA Engineering	2.28	2.6	Accumulate
05/14/25	UOB Kay Hian	SIA Engineering	2.32	2.7	Buy	DCF
05/14/25	CIMB	SIA Engineering	2.32	2.7	Add	PER
05/15/25	DBS Vickers	SIA Engineering	2.35	2.8	Buy	DCF & PER19x FY26
05/22/25	CIMB	SIA Engineering	2.55	3.1	Add	PER
05/23/25	Amfrasers	SIA Engineering	2.57	2.83	Outperform	DCF
05/30/25	OCBC	SIA Engineering	2.72	3	Buy
06/13/25	DBS Vickers	SIA Engineering	3.07	3.5	Buy	PER21x FY26
06/16/25	OCBC	SIA Engineering	3.08	3.5	Buy
07/23/25	UOB Kay Hian	SIA Engineering	3.35	3.41	Hold	PER20.9x FY27
07/23/25	DBS Vickers	SIA Engineering	3.35	3.5	Buy	PER21x FY26
07/24/25	CIMB	SIA Engineering	3.27	3.1	Reduce
07/25/25	OCBC	SIA Engineering	3.3	3.5	Hold
09/15/25	phillip	SIA Engineering	3.13	3.83	Buy	PER
10/10/25	DBS Vickers	SIA Engineering	3.61	3.5	Under Review	PER21x FY26
10/17/25	phillip	SIA Engineering	3.43	3.83	Buy
11/05/25	DBS Vickers	SIA Engineering	3.47	3.5	Under Review	PER21x FY26
11/05/25	Lim & Tan	SIA Engineering	3.47	3.66	Accumulate on weakness
11/06/25	UOB Kay Hian	SIA Engineering	3.54	3.92	Buy	PER23.3x FY27
11/06/25	DBS Vickers	SIA Engineering	3.54	4	Buy	PER24x
11/12/25	phillip	SIA Engineering	3.71	4.14	Accumulate
11/12/25	OCBC	SIA Engineering	3.71	3.68	Hold
01/14/26	DBS Vickers	SIA Engineering	3.68	4	Buy	PER24x
02/20/26	DBS Vickers	SIA Engineering	3.57	4	Hold	DCF & PER24x
02/20/26	UOB Kay Hian	SIA Engineering	3.57	3.92	Buy	PER23.3x FY27
02/20/26	Lim & Tan	SIA Engineering	3.57	4	Hold
02/20/26	OCBC	SIA Engineering	3.57	4.05	Buy
02/20/26	CIMB	SIA Engineering	3.57	4	Add
02/25/26	phillip	SIA Engineering	3.61	4.14	Accumulate

SIA - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
11/17/25	Kim Eng	SIA	6.52	6.35	Sell
11/19/25	Lim & Tan	SIA	6.48	6.22	Hold
11/24/25	Phillip	SIA	6.48	6.04	Neutral	PB1.2x FY26
11/24/25	OCBC	SIA	6.48	6.4	Hold
01/13/26	DBS Vickers	SIA	6.43	6.5	Hold	EV/Ebitda5x FY26
01/13/26	Citi Research	SIA	6.43	5.98	Sell
02/03/26	UOB Kay Hian	SIA	6.36	6.16	Hold	PB1.18x FY27
02/11/26	Citi Research	SIA	6.8	6.28	Sell	PB1.15x FY26/27
02/13/26	CIMB	SIA	6.9	7.23	Hold	PB
02/25/26	DBS Vickers	SIA	7.03	6.5	Hold	EV/Ebitda5x FY26
02/26/26	UOB Kay Hian	SIA	7.17	7.18	Hold	PB1.36x FY27
02/26/26	DBS Vickers	SIA	7.17	7.5	Hold	EV/Ebitda4.7x FY26
02/26/26	CIMB	SIA	7.17	7.44	Add	PB
02/26/26	OCBC	SIA	7.17	6.88	Hold
02/26/26	Kim Eng	SIA	7.17	7.03	Hold
03/02/26	Phillip	SIA	7.18	7	Neutral	PB1.3x
03/09/26	DBS Vickers	SIA	6.65	7.5	Hold	EV/Ebitda4.7x FY26

Stock calls for 10 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/26	UOB Kay Hian	A-Reit	2.54	3.7	Buy	DDM
03/10/26	UOB Kay Hian	ASL Marine	0.285	0.43	Buy	PER12x FY27
03/10/26	Uob Kay Hian	Capitaland Investment	2.82	4.05	Buy	Sum of parts
03/10/26	UOB Kay Hian	Cenurion Accommodation	1.06	1.55	Buy	DDM
03/10/26	Amfrasers	CSE Global	1.24	1.79	Outperform	DCF
03/10/26	UOB Kay Hian	DBS	54.31	66.75	Buy	GGM, PB2.7x FY26
03/10/26	UOB Kay Hian	Delfi	0.935	1.12	Buy	PER14x FY26
03/10/26	UOB Kay Hian	Food Empire	2.93	4.21	Buy	PER25x FY26
03/10/26	UOB Kay Hian	Ifast Corp	8.67	11.77	Buy	PER32x FY26
03/10/26	UOB Kay Hian	Keppel Corp	11.82	13.23	Buy	PER18x
03/10/26	DBS Vickers	Lum Chang Creations	0.775	1.07	Buy	PER13x FY27
03/10/26	UOB Kay Hian	Singtel	4.95	5.5	Buy	Sum of parts
03/10/26	DBS Vickers	Suntec Reit	1.33	1.6	Buy
03/10/26	UOB Kay Hian	Valuetronics	0.855	1.03	Buy	PER13x FY27
03/10/26	Kim Eng	Wilmar	3.53	3.85	Buy	DCF
03/10/26	UOB Kay Hian	Yangzijiang Shipping	4.1	4.6	Buy

The Iran war situation report. - Part 9

The US denied that its US soldiers were captured in Iran.

However, Iran released a video about the US soldiers being captured in Iran. 

Does that mean that Iran can kill these US soldiers since the US has abandoned them?

The Iran war situation report. - Part 8

There won't be any peace deal between Iran and Israel (US) anymore.  Why?

The new Iran supreme leader is the son of the killed leader.  His wife and young kid were killed together with his father (previous leader).   He is a very angry man and he will unleash his rage on Israel after his succession.  Furthermore, he has unwavering support from Russia now.

The new leader was an experienced military commander because he had fought in wars before and the IRGC supported him to become the new leader.  This angry man has personal and national vendatta to settle with Israel and the US in this unprovoked Iran war.

Iran has issued a stern warning to Israel (see below).

The new leader is adamant to take revenge against Israel now.  He may destroy all the water desalination plants and energy infrastructure in Israel because Iran is capable to do that with its drones and missiles.

The reality is Iran is the only islamic country in the Middle East that can save the palestinians and help them to establish their own country (Palestine) by destroying Israel.  Therefore, he will be able to unite the coalition of resistance against Israel.