Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/25	DMG & Partners	Starhill	0.5	0.57	Buy	DDM
04/11/25	OCBC	Starhill	0.47	0.46	Buy
04/30/25	DBS Vickers	Starhill	0.495	0.68	Buy
07/30/25	DBS Vickers	Starhill	0.545	0.68	Buy	DCF
07/30/25	DMG & Partners	Starhill	0.545	0.55	Buy
08/04/25	OCBC	Starhill	0.545	0.51	Hold
08/28/25	DMG & Partners	Starhill	0.545	0.6	Buy
11/25/25	uSMART	Starhill	0.58	0.67	Buy
01/30/26	DBS Vickers	Starhill	0.595	0.68	Buy	DCF
02/03/26	OCBC	Starhill	0.59	0.525	Hold
02/03/26	DMG & Partners	Starhill	0.59	0.66	Buy
06/17/26	DMG & Partners	Starhill	0.54	0.66	Buy

Stock calls for 22 June 2026

Date	Analyst	Company	Last	Target	Call	Valuation
06/22/26	DBS Vickers	Comfortdelgro	1.3	1.3	Hold	EV/Ebitda5.1x
06/22/26	phillip	Elite ComReit	0.34	0.41	Buy	DDM
06/22/26	DMG & Partners	First Resources	3.17	3.7	Buy
06/22/26	Lim & Tan	Lum Chang Creations	0.805	1.04	Buy
06/22/26	phillip	Prime US Reit	0.164	0.32	Buy	DDM
06/22/26	Phillip	Stoneweg Reit	1.56	1.89	Buy	DDM
06/22/26	Phillip	United Hampshire	0.515	0.69	Buy	DDM
06/22/26	UOB Kay Hian	Yangzijiang Shipping	3.69	4.75	Buy	PER10x FY26

Shame on you, Lianhe Zaobao!

What has happened?  Here's the synopsis below.

Lianhe Zaobao started a political vitriol against a china movie (Dear you) and had offended many chinese including Malaysian Chinese.  Basically, the movie is about chinese immigrants in Malaysia and Thailand, and Singapore is not even included in the movie.  We can't think of a valid reason for Singapore to criticize this movie except with a political agenda.

Malaysian chinese newspaper and community had criticized Lianhe Zaobao for its smearing campaign against the movie.

Lianhe Zaobao has to back down from its anti-china rhetoric so that it won't damage the good relationship between chinese from both sides.  The malaysian chinese are more nationalistic than Singapore chinese and they will defend China against Singapore.  This nationalism expains the existence of chinese schools in Malaysia but not in Singapore.  Malaysian chinese also donated the most monies and supplies to China during WW2 amongst other south east asia countries.  Furthermore, Singapore has a large vested interest in JB SEZ and it needs Malaysian chinese for the support and success of its JB-SEZ investments.

We had warned of a political collision course with Malaysia in 2019 due to our different political stances (Pro-China from Malaysis versus Pro-US from Singapore).  Therefore, we hope that Lianhe Zaobao won't be the simmering ember.

https://sg-stock.blogspot.com/2019/03/singapore-is-heading-towards-political.html

How successful is this china movie?  Just look at the shedding tears of the moviegoers.  Warning: Please remember to bring tissues along with you when you go to watch this movie.

The Iran war situation report. - Part 81

19th June 2026 had been a dramatic day!  Why?

Initially, the US-Iran peace deal in Geneva had been called off despite both sides had signed the peace deal electronically.

Then, the turnaround came when Israel and Hezbolla agreed to a ceasefire.  This meant that the peace deal was revived and remained in effect.  What happened here? The US had threatened to abandon Israel which was at the behest of the anglo-saxons and let Israel be attacked without rendering any help.  Israel caved in to the US because it knew that Iran could decimate Israel.  Finally, the anglo-saxons are in control now.

Stamford Tyres - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/30/25	Lim & Tan	Stamford Tyres	0.215	0	Hold

ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/25	Phillip	ST Engineering	5.41	6.1	Accumulate	DCF
03/03/25	CIMB	ST Engineering	5.41	5.6	Add
03/03/25	DBS Vickers	ST Engineering	5.41	6	Buy	PER22x FY25
03/03/25	Lim & Tan	ST Engineering	5.41	5.74	Accumulate on weakness
03/03/25	Kim Eng	ST Engineering	5.41	5.7	Buy
03/03/25	DMG & Partners	ST Engineering	5.41	5.9	Buy
03/03/25	OCBC	ST Engineering	5.41	7.75	Buy
03/18/25	Lim & Tan	ST Engineering	6.32	6.45	Accumulate on weakness
03/18/25	Citi Research	ST Engineering	6.32	7.22	Buy
03/19/25	UOB Kay Hian	ST Engineering	6.38	6.8	Buy	PER23.5x FY26
03/19/25	Lim & Tan	ST Engineering	6.38	6.55	Accumulate on weakness
03/19/25	CIMB	ST Engineering	6.38	7.4	Add
03/20/25	DMG & Partners	ST Engineering	6.57	7.8	Buy
04/04/25	DBS Vickers	ST Engineering	6.75	7.5	Buy
04/14/25	DMG & Partners	ST Engineering	6.67	7.8	Buy
04/29/25	Lim & Tan	ST Engineering	7.35	8	Accumulate
05/07/25	DMG & Partners	ST Engineering	7.49	8.3	Buy
05/09/25	Lim & Tan	ST Engineering	7.51	8	Accumulate
05/09/25	Citi Research	ST Engineering	7.51	8.3	Hold
05/13/25	Phillip	ST Engineering	7.63	8.2	Accumulate	DCF
05/13/25	UOB Kay Hian	ST Engineering	7.63	7.37	Hold	PER24.6x FY26
05/28/25	DBS Vickers	ST Engineering	7.57	7.7	Hold
06/04/25	OCBC	ST Engineering	8.01	8.54	Buy
06/04/25	Kim Eng	ST Engineering	8.01	8.3	Hold
06/17/25	DMG & Partners	ST Engineering	7.96	8.9	Buy
06/26/25	Citi Research	ST Engineering	7.95	8.3	Hold	PER22.5x FY27
06/27/25	DMG & Partners	ST Engineering	7.87	8.65	Buy
07/17/25	DBS Vickers	ST Engineering	8.34	7.7	Hold
07/21/25	DMG & Partners	ST Engineering	8.4	8.7	Buy
08/06/25	DMG & Partners	ST Engineering	8.88	8.7	Buy
08/15/25	UOB Kay Hian	ST Engineering	8.4	8.56	Hold	PER25.6x FY27
08/15/25	CIMB	ST Engineering	8.4	8.7	Hold	PER
08/18/25	Phillip	ST Engineering	8.46	8.2	Neutral	DCF
08/19/25	DMG & Partners	ST Engineering	8.14	9.1	Buy
08/19/25	Kim Eng	ST Engineering	8.14	8.4	Hold	PER31x FY25
09/01/25	OCBC	ST Engineering	7.68	8.9	Buy
09/05/25	Lim & Tan	ST Engineering	7.95	8.73	Accumulate
09/23/25	DMG & Partners	ST Engineering	8.53	9.1	Buy
10/08/25	OCBC	ST Engineering	9.01	9.03	Hold
10/22/25	DMG & Partners	ST Engineering	8.25	9.1	Buy
11/13/25	Phillip	ST Engineering	8.29	8.2	Neutral	DCF
11/13/25	UOB Kay Hian	ST Engineering	8.29	9.05	Buy	PER26.1x FY27
11/13/25	DBS Vickers	ST Engineering	8.29	9.4	Buy
11/13/25	CIMB	ST Engineering	8.29	9.5	Add	PER
11/26/25	DMG & Partners	ST Engineering	8.3	9.4	Buy
11/26/25	OCBC	ST Engineering	8.3	9.8	Buy
12/22/25	DMG & Partners	ST Engineering	8.18	9.4	Buy
01/13/26	DBS Vickers	ST Engineering	9.21	10.2	Buy	DCF
01/21/26	OCBC	ST Engineering	9.53	10.9	Buy	PER
01/27/26	CIMB	ST Engineering	9.4	10.2	Add	PER
02/13/26	DMG & Partners	ST Engineering	10.19	10.7	Buy
02/27/26	DBS Vickers	ST Engineering	10.02	10.2	Buy	DCF & PER29x
03/02/26	UOB Kay Hian	ST Engineering	9.97	10.86	Buy	PER29.1x FY27
03/02/26	Phillip	ST Engineering	9.97	13	Buy	DCF
03/02/26	DBS Vickers	ST Engineering	9.97	11	Buy	PER30x FY26 & DCF
03/02/26	DMG & Partners	ST Engineering	9.97	11.7	Buy
03/20/26	UBS	ST Engineering	11.14	12.6	Buy
03/25/26	DMG & Partners	ST Engineering	11.22	12.3	Buy
04/02/26	DBS Vickers	ST Engineering	11.1	12.4	Buy	PER33x FY26/27
04/02/26	CIMB	ST Engineering	11.1	11.05	Hold	PER
04/23/26	DMG & Partners	ST Engineering	11.25	12.3	Buy
05/18/26	DBS Vickers	ST Engineering	10.37	12.4	Buy	PER33x FY26/27
05/19/26	Phillip	ST Engineering	10.79	13	Buy	DCF
05/19/26	UOB Kay Hian	ST Engineering	10.79	11.75	Buy

Spindex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/29/25	Lim & Tan	Spinidex	1.34	1.43	Wait	Offer @ $1.43

Stock calls for 19 June 2026

Date	Analyst	Company	Last	Target	Call	Valuation
06/19/26	Lim & Tan	ASL Marine	0.315	0.47	Buy	PER12x FY27
06/19/26	Kim Eng	CSE Global	1.43	2.25	Buy
06/19/26	UOB Kay Hian	Food Empire	2.5	3.49	Buy	PER25x FY26, Ex-Bonus (1 for 5)
06/19/26	Kim Eng	Olam	1.28	1.6	Buy	EV/Ebitda
06/19/26	Kim Eng	SGX	24.5	25.25	Buy
06/19/26	CIMB	Soilbuild Construction	0.79	1.1	Add	Sum of parts