Red alert: Iran war is resuming! - Part 9

Just as we've expected, the US has resumed the Iran war by striking Iran just before the mid-term election.

How bad will this impact the financial market?

Well, it depends on the intensity of Iran's retaliation.  If Iran is limiting its retaliation for this latest US strike, then the financial market will only have a knee-jerk reaction and not a prolonged repercussion.  Let's hope for the best because we don't want to cross the rubicon and face the Gulf armageddon.

Apple Iphone Duo has a flawed hinge design that causes its screen to crack! - Part 2

 After our 1st warning about Iphone Duo hinge design problem, another major hardware defect has been detected.  There is an usual gap between the frame and the hinge when the Iphone Duo is folded and this gap can expose the internal components to dust and water.

There is a high chance that Apple will face a high pre-order cancellation wave soon as more defective problems are being detected by users.

Hot news: Russia has won the Ukraine war! - Part 2

It looks like Ukraine is the only sore loser in this war.

The US wants to resolve the EU high energy prices by resuming the Russian gas sales to Europe via Ukriane so that Ukraine can earn some fees to rebuild its country.

What does this mean?

This means that businesses will be back to the previous stage between the EU and Russia while Ukraine will lose up to 25% of its territory to Russia.

If this doesn't mean that Russia has won the Ukriane war, what else can it be?  Justice is served!

ESR Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/04/25	CIMB	ESR-Reit	2.74	3.55	Add	DDM
10/28/25	DBS Vickers	ESR-Reit	2.87	3.2	Buy	DCF
10/30/25	CIMB	ESR-Reit	2.91	3.64	Add	DDM
10/30/25	DMG & Partners	ESR-Reit	2.91	3.15	Buy
11/06/25	Kim Eng	ESR-Reit	2.82	3	Buy	DDM
12/15/25	Lim & Tan	ESR-Reit	2.74	3.3	Accumulate
02/04/26	DBS Vickers	ESR-Reit	2.71	3.2	Buy	DCF
02/05/26	CIMB	ESR-Reit	2.75	3.43	Add	DDM
02/05/26	Kim Eng	ESR-Reit	2.75	3	Buy	DDM
04/29/26	CIMB	ESR-Reit	2.47	3.43	Add	DDM
07/08/26	DBS Vickers	ESR-Reit	2.34	3.2	Buy	DCF
07/08/26	DMG & Partners	ESR-Reit	2.34	3.05	Buy	DDM
07/28/26	DBS Vickers	ESR-Reit	2.48	3.1	Buy	DCF
07/29/26	CIMB	ESR-Reit	2.57	3.43	Add	DDM
08/11/26	DBS Vickers	ESR-Reit	2.45	3.2	Buy	DCF
09/07/26	DMG & Partners	ESR-Reit	2.27	2.48	Neutral	DDM
09/07/26	DBS Vickers	ESR-Reit	2.27	2.8	Hold	DCF
10/27/26	DBS Vickers	ESR-Reit	1.97	2.3	Hold	DCF, PB0.9x
10/28/26	Kim Eng	ESR-Reit	1.9	2.78	Buy	DDM

EGP Energy - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/17/26	UOB Kay Hian	EGP Energy	0.73	0.92	Buy	PER13.8x FY27
10/06/26	OCBC	EGP Energy	0.74	1.05	Buy	PER
10/29/26	UOB Kay Hian	EGP Energy	0.66	0.92	Buy	PER13.8x FY27

Elite ComReit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	phillip	Elite ComReit	0.345	0.39	Buy	DDM
08/04/25	DBS Vickers	Elite ComReit	0.35	0.4	Buy	DCF
08/06/25	DMG & Partners	Elite ComReit	0.345	0.37	Buy
09/19/25	UOB Kay Hian	Elite ComReit	0.35	0.39	Buy	DDM
09/22/25	phillip	Elite ComReit	0.35	0.39	Buy	DDM
10/23/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
11/04/25	Lim & Tan	Elite ComReit	0.36	0.4	Hold
11/19/25	Amfrasers	Elite ComReit	0.36	0.41	Outperform	DDM
11/24/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
12/23/25	phillip	Elite ComReit	0.355	0.39	Buy	DDM
01/07/26	phillip	Elite ComReit	0.36	0.39	Buy	DDM
02/06/26	DBS Vickers	Elite ComReit	0.355	0.4	Buy	DCF
02/10/26	DMG & Partners	Elite ComReit	0.365	0.4	Buy
02/12/26	phillip	Elite ComReit	0.36	0.41	Buy	DDM
03/23/26	phillip	Elite ComReit	0.34	0.41	Buy	DDM
03/30/26	DBS Vickers	Elite ComReit	0.335	0.4	Buy	DCF
04/23/26	DMG & Partners	Elite ComReit	0.345	0.41	Buy
04/27/26	phillip	Elite ComReit	0.345	0.41	Buy	DDM
05/25/26	phillip	Elite ComReit	0.34	0.41	Buy	DDM
06/08/26	Kim Eng	Elite ComReit	0.34	0.41	Buy
06/17/26	Lim & Tan	Elite ComReit	0.34	0.42	Buy
06/22/26	phillip	Elite ComReit	0.34	0.41	Buy	DDM
07/27/26	phillip	Elite ComReit	0.31	0.41	Buy	DDM
08/11/26	phillip	Elite ComReit	0.315	0.41	Buy	DDM
08/11/26	DBS Vickers	Elite ComReit	0.315	0.4	Buy	DCF
09/21/26	phillip	Elite ComReit	0.305	0.41	Buy	DDM
10/23/26	phillip	Elite ComReit	0.305	0.41	Buy	DDM
11/02/26	Lim & Tan	Elite ComReit	0.305	0.41	Buy

Stock calls for 2 November 2026

Date	Analyst	Company	Last	Target	Call	Valuation
11/02/26	UOB Kay Hian	A-Reit	2.21	3.25	Neutral	DDM
11/02/26	Uob Kay Hian	Capitaland Integrated Commercial Trust	2.28	3.11	Buy	DDM
11/02/26	DBS Vickers	Daiwa House	0.41	0.44	Hold	DCF
11/02/26	Lim & Tan	Daiwa House	0.41	0.5	Accumulate on weakness
11/02/26	Lim & Tan	Elite ComReit	0.305	0.41	Buy
11/02/26	Phillip	Keppel Corp	10.09	13.8	Buy	Sum of parts
11/02/26	UOB Kay Hian	Keppel Reit	0.815	1.05	Buy	DDM
11/02/26	DBS Vickers	Lendlease Reit	0.545	0.65	Buy	DCF, PB0.9x
11/02/26	UOB Kay Hian	Lendlease Reit	0.545	0.8	Buy	DCF
11/02/26	UOB Kay Hian	Mapletree Commercial	1.15	1.67	Buy	DDM
11/02/26	OCBC	Mapletree Commercial	1.15	1.24	Buy
11/02/26	phillip	Netlink	0.935	0.96	Accumulate
11/02/26	UOB Kay Hian	Netlink	0.935	1.01	Hold	DCF
11/02/26	UOB Kay Hian	NTT DC Reit	0.895	1.29	Buy	DDM
11/02/26	CIMB	SATS	3.66	4.4	Add	DCF
11/02/26	phillip	Sheng Siong	2.67	2.75	Neutral	PER25x FY27
11/02/26	DBS Vickers	Sheng Siong	2.67	2.7	Hold	PER26x FY27
11/02/26	UOB Kay Hian	Sheng Siong	2.67	2.88	Hold	PER24.9x FY27
11/02/26	UOB Kay Hian	UI Boustead	0.795	1.16	Buy	DDM
11/02/26	Kim Eng	Wilmar	3.01	3.1	Hold

Why did Singapore foreign minister visit Pakistan?

FM Vivan was trying to mend a historical feud between Singapore and Pakistan over the Gwadar Port saga.  Why and what had happened?

In the past, Singapore tried to contain Pakistan's port development (Gwadar) for fear that it would snatch away some of Singapore maritime businesses.  Thus, Singapore bought Gwardar port management rights from Pakistan and left it to rot.  After Pakistan found out about the debilitating Gwadar port, Pakistan kicked Singapore out and sold the management rights to China.  We did talk about this Gwadar port before (see below).

https://sg-stock.blogspot.com/2017/11/china-uses-gwadar-to-its-full-advantage.html

Pakistan and Singapore had stopped interacting ever since until the establishment of the Mecca pact had changed everything.  Singapore has to put aside its hubris to reconnect with Pakistan because it fears the consequences of the Mecca pact.  The Mecca pact will become inclusive in the future and it will include the Shia and Sunni islamic countries.  We foresee that Iran, Egypt, Malaysia and Indonesia will become members of the Mecca pact in the future and this outcome will have grave repercussions for the world.

When this outcome materializes, the islamic countries will control 50% of the  primary maritime passages.

The Suez canal, red sea, strait of Hormuz and straits of Malacca will be under islamic control as the Mecca pact expands its members.

As Pakistan is an important Mecca pact member because it is providing the nuclear shield for the Islamic members, Singapore has to put aside its face, just like what it had done for Indonesia recently, to reconnect and mend its relationship with Pakistan.  Therefore, the Singapore's visitation to Pakistan was forced by circumstances and not by choice.

Red alert: Iran war is resuming! - Part 10

Yeah! We've hit the nail on its head (Read part 9).  Trump will end the Iran war after the final battle.

https://sg-stock.blogspot.com/2026/10/red-alert-iran-war-is-resuming-part-9.html

As the AI bloodbath is getting very destructive, it is better to end the Iran and Ukraine wars soon to mitigate the stock malaise.

Digicore Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/29/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
10/23/25	DBS Vickers	Digicore Reit	0.485	0.68	Buy	DCF
11/18/25	DBS Vickers	Digicore Reit	0.5	0.68	Buy	DCF
01/05/26	DBS Vickers	Digicore Reit	0.51	0.68	Buy	DCF
01/06/26	UOB Kay Hian	Digicore Reit	0.545	0.92	Buy	DDM
02/05/26	DBS Vickers	Digicore Reit	0.53	0.7	Buy	DCF
03/16/26	UOB Kay Hian	Digicore Reit	0.485	0.93	Buy	DDM
04/23/26	UOB Kay Hian	Digicore Reit	0.515	0.93	Buy	DDM
04/23/26	DBS Vickers	Digicore Reit	0.515	0.7	Buy	DCF
07/30/26	DBS Vickers	Digicore Reit	0.495	0.7	Buy	DCF
08/12/26	DBS Vickers	Digicore Reit	0.475	0.7	Buy	DCF
10/28/26	DBS Vickers	Digicore Reit	0.44	0.62	Buy	DCF

Dezign Format - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/20/25	UOB Kay Hian	Dezign Format	0.305	0.37	Buy	PER10.5x FY26
09/30/25	Lim & Tan	Dezign Format	0.285	0.37	Buy