US inflation has spiked beyond expectations!

US inflations: 3.8% (YOY) and 0.6% (MOM)

Core inflation: 2.8% (YOY) and 0.4% (MOM)

The US inflation will continue to remain high until next year and the US may not ease its rates this year because of the Iran war.  The longer the Iran war drags, the more the US and the world will suffer.

Jardine Matheson - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/24/25	Lim & Tan	Jardine Matheson	62.15	70.38	Accumulate on weakness

Jardine C&C - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/16/25	Lim & Tan	Jardine C&C	29.28	24.5	Hold
02/23/26	DBS Vickers	Jardine C&C	34.2	38.5	Buy	Sum of parts
03/02/26	DBS Vickers	Jardine C&C	35.36	38.5	Buy	Sum of parts
03/04/26	DBS Vickers	Jardine C&C	34.56	39	Buy	Sum of parts
03/31/26	UOB Kay Hian	Jardine C&C	35.34	37.1	Buy
05/04/26	DBS Vickers	Jardine C&C	32.58	38.5	Buy	Sum of parts (5% disc)
05/11/26	DBS Vickers	Jardine C&C	32.88	39	Buy	Sum of parts (5% disc)

IX Biopharm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/10/26	Phillip	IX Biopharm	0.2	1	Buy	Sum of parts

Stock calls for 12 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/12/26	DMG & Partners	AIMS AMP Cap Ind Reit	1.56	1.7	Buy	DDM
05/12/26	UOB Kay Hian	Centurion	1.61	2.1	Buy	PER12.5x FY26
05/12/26	DBS Vickers	Food Empire	2.88	3.65	Buy	Sum of parts
05/12/26	DBS Vickers	Hong Leong Asia	3.39	4.28	Buy	Sum of parts
05/12/26	UOB Kay Hian	Riverstone	0.82	1.1	Buy	PER25x FY27
05/12/26	CIMB	Riverstone	0.82	1	Add	PER
05/12/26	Lim & Tan	SIA Engineering	3.18	4	Hold
05/12/26	DBS Vickers	UMS	2.36	3.17	Buy	PER38x FY27
05/12/26	Lim & Tan	UMS	2.36	2.5	Accumulate on weakness

Isoteam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/21/25	DMG & Partners	Isoteam	0.077	0.08	Buy
03/25/25	Kim Eng	Isoteam	0.078	0.104	Buy
04/16/25	CIMB	Isoteam	0.069	0.096	Add
05/08/25	Amfrasers	Isoteam	0.077	0.1	outperform	DCF
05/23/25	Kim Eng	Isoteam	0.075	0.104	Buy
07/03/25	CIMB	Isoteam	0.077	0.1	Add
07/03/25	SAC Capital	Isoteam	0.077	0.091	Buy
07/07/25	Kim Eng	Isoteam	0.074	0.104	Buy
08/29/25	CIMB	Isoteam	0.08	0.102	Add	PER
08/29/25	Kim Eng	Isoteam	0.08	0.1	Buy
09/04/25	SAC Capital	Isoteam	0.083	0.096	Buy
09/12/25	Lim & Tan	Isoteam	0.087	0.1	Accumulate
09/17/25	CIMB	Isoteam	0.088	0.11	Add
09/24/25	Lim & Tan	Isoteam	0.084	0.11	Accumulate
09/26/25	DMG & Partners	Isoteam	0.084	0.078	Neutral
10/17/25	Amfrasers	Isoteam	0.081	0.099	outperform	DCF
11/28/25	Lim & Tan	Isoteam	0.077	0.096	Accumulate
12/01/25	DMG & Partners	Isoteam	0.078	0.078	Neutral
01/28/26	Kim Eng	Isoteam	0.087	0.1	Buy	PER9x FY26/27
02/13/26	CIMB	Isoteam	0.087	0.122	Add	PER12x FY26
02/13/26	Kim Eng	Isoteam	0.087	0.12	Buy	PER11x FY26/27
02/13/26	DMG & Partners	Isoteam	0.087	0.087	Neutral
04/21/26	CIMB	Isoteam	0.081	0.11	Add	PER
04/22/26	Kim Eng	Isoteam	0.084	0.12	Buy	PER11x FY26/27

ISDN - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/11/25	CIMB	ISDN	0.35	0.4	Add	PER
04/22/25	CIMB	ISDN	0.315	0.28	Hold
07/31/25	CIMB	ISDN	0.365	0.44	Add
08/25/25	CIMB	ISDN	0.385	0.44	Add
04/28/26	CIMB	ISDN	0.48	0.96	Add	PER

Ireit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/07/25	DMG & Partners	Ireit	0.245	0.34	Buy	DDM
08/11/25	DBS Vickers	Ireit	0.295	0.3	Hold	DCF
09/04/25	DMG & Partners	Ireit	0.285	0.35	Buy	DDM
11/25/25	DMG & Partners	Ireit	0.285	0.35	Buy	DDM
03/06/26	DMG & Partners	Ireit	0.265	0.27	Neutral	DDM
04/29/26	DBS Vickers	Ireit	0.235	0.3	Hold	DCF

Stock calls for 11 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/11/26	DBS Vickers	Avepoint	13.3	20	Buy	EV/Sales 7x
05/11/26	Lim & Tan	BRC Asia	4.7	5.2	Accumulate
05/11/26	CIMB	Frasers Property	1.11	1.41	Add	RNAV (45% discount)
05/11/26	Lim & Tan	Geo Energy	0.61	0.8	Buy
05/11/26	CIMB	Hong Leong Asia	3.29	5.5	Add	Sum of parts
05/11/26	DBS Vickers	Jardine C&C	32.88	39	Buy	Sum of parts (5% disc)
05/11/26	UOB Kay Hian	OCBC	21.92	26.8	Buy	GGM, PB1.9x FY26
05/11/26	phillip	OCBC	21.92	22	Neutral	GGM, PB1.6x FY26
05/11/26	Phillip	Starhub	1.01	0.95	Neutral

The Iran war situation report. - Part 59

We're proven right in Part 58 stating that there would not be any peace deal.  Both sides had rejected each other's peace propositions.

The Iran war must go on!

The Iran war situation report. - Part 58

Despite the current ceasefire status, the Iran war looks like it is resuming with small battles going on.

Iran had shot down another MQ-9A reaper.

There were also some military strikes conducted by both sides (Iran and US).

The US has been saying that a peace deal between the US and iran is nearing to a close.  What's the veracity?

Well, we can only believe in what the US is doing and not what the US is saying.

Judging from the above situations, we don't see any peace deal coming soon.

The US consumer inflation expectation is at a one year high.

The US consumer inflation expectation (1-year) had spiked to 3.6% which was a one year high and the culprit was the illegal Iran war started by the US.

Innotek - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/25	Lim & Tan	Innotek	0.43	0	Accumulate
04/15/25	Lim & Tan	Innotek	0.36	0	Accumulate
08/14/25	Lim & Tan	Innotek	0.395	0	Hold
10/13/25	Lim & Tan	Innotek	0.55	0	Accumulate on weakness
11/20/25	Lim & Tan	Innotek	0.72	0	Accumulate
12/09/25	Lim & Tan	Innotek	0.655	0	Accumulate
01/27/26	Lim & Tan	Innotek	0.92	1	Hold
03/09/26	DBS Vickers	Innotek	0.67	0.88	Unrated	PER21x FY27
03/17/26	Lim & Tan	Innotek	0.625	0	Technical Buy

Info-Tech System - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/12/25	CIMB	Info-Tech System	0.83	1.1	Add	PER
08/29/25	OCBC	Info-Tech System	0.86	1	Buy
08/29/25	Aletheia Capital	Info-Tech System	0.86	1.17	Buy	DCF
01/22/26	CIMB	Info-Tech System	0.86	1.1	Add	PER
02/13/26	DBS Vickers	Info-Tech System	0.955	1.2	Buy	PER20x FY26
02/26/26	CIMB	Info-Tech System	1.05	1.35	Add	PER
03/03/26	OCBC	Info-Tech System	1.08	1.3	Buy
04/09/26	Lim & Tan	Info-Tech System	1.04	1.35	Accumulate
04/17/26	Amfrasers	Info-Tech System	1	1.4	Buy	PER15.5x FY27
04/23/26	DMG & Partners	Info-Tech System	1.09	1.4	Buy