Stoneweg Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/25	Phillip	Stoneweg Reit	1.57	1.95	Buy
01/10/25	DMG & Partners	Stoneweg Reit	1.59	1.9	Buy
02/17/25	Phillip	Stoneweg Reit	1.57	1.95	Buy
02/18/25	DBS Vickers	Stoneweg Reit	1.57	1.85	Buy	DCF
03/13/25	Phillip	Stoneweg Reit	1.38	1.86	Buy	DDM
04/21/25	Phillip	Stoneweg Reit	1.42	1.86	Buy	DDM
05/02/25	Phillip	Stoneweg Reit	1.5	1.86	Buy	DDM
06/23/25	Phillip	Stoneweg Reit	1.52	1.86	Buy	DDM
06/25/25	CIMB	Stoneweg Reit	1.55	1.93	Add
06/26/25	DMG & Partners	Stoneweg Reit	1.56	1.9	Buy
08/18/25	Phillip	Stoneweg Reit	1.59	1.86	Buy	DDM
09/22/25	Phillip	Stoneweg Reit	1.55	1.86	Buy	DDM
10/06/25	Lim & Tan	Stoneweg Reit	1.52	1.88	Accumulate
10/07/25	DMG & Partners	Stoneweg Reit	1.52	1.9	Buy
10/23/25	Phillip	Stoneweg Reit	1.53	1.86	Buy	DDM
11/06/25	DBS Vickers	Stoneweg Reit	1.53	1.8	Buy	DCF
11/07/25	OCBC	Stoneweg Reit	1.56	1.87	Buy
11/10/25	Phillip	Stoneweg Reit	1.57	1.86	Buy	DDM

Starhub - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/24	DMG & Partners	Starhub	1.23	1.18	Neutral	DCF
01/07/25	DMG & Partners	Starhub	1.23	1.18	Neutral	DCF
02/24/25	DBS Vickers	Starhub	1.24	1.46	Buy	DCF
02/24/25	Citi Research	Starhub	1.24	1.43	Buy	EV/Ebitda7.2x FY25
02/24/25	DMG & Partners	Starhub	1.24	1.14	Neutral	DCF
02/25/25	UOB Kay Hian	Starhub	1.23	1.26	Hold	DCF
02/25/25	CIMB	Starhub	1.23	1.3	Hold	DCF
03/28/25	UOB Kay Hian	Starhub	1.18	1.26	Buy	DCF
05/13/25	DBS Vickers	Starhub	1.17	1.38	Buy	DCF
05/13/25	Phillip	Starhub	1.17	1.08	Neutral	EV/Ebitda6x FY25
05/13/25	UOB Kay Hian	Starhub	1.17	1.26	Buy	DCF
05/13/25	Citi Research	Starhub	1.17	1.43	Buy	EV/Ebitda7.2x FY25
07/08/25	Kim Eng	Starhub	1.18	1.17	Hold
07/08/25	DMG & Partners	Starhub	1.18	1.14	Neutral	DCF
08/07/25	DBS Vickers	Starhub	1.23	1.2	Hold	Sum of parts
08/13/25	DMG & Partners	Starhub	1.18	1.14	Neutral	DCF
08/15/25	DBS Vickers	Starhub	1.17	1.19	Hold	Sum of parts
08/15/25	CIMB	Starhub	1.17	1.19	Hold	GGM
08/21/25	Phillip	Starhub	1.16	1.08	Neutral	EV/Ebitda6x FY25
09/03/25	Kim Eng	Starhub	1.14	1.35	Buy	DCF
10/17/25	Kim Eng	Starhub	1.13	1.35	Buy	DCF
11/17/25	Phillip	Starhub	1.15	1.05	Neutral
11/17/25	DBS Vickers	Starhub	1.15	1.19	Hold	Sum of parts

Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/25	DMG & Partners	Starhill	0.5	0.57	Buy	DDM
01/24/25	DBS Vickers	Starhill	0.5	0.68	Buy
02/03/25	OCBC	Starhill	0.51	0.5	Buy
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

Stock calls for 16 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/16/25	Lim & Tan	CSE Global	0.91	1.2	Accumulate
12/16/25	MorningStar	SGX	17	15	Overvalued
12/16/25	Lim & Tan	XMH	0.153	0	Accumulate

Ukraine is in a worse situation than before because of Zelensky.

Despite all the good advices (not joining NATO) from Angela Merkel and Henry Kissinger, Zelensky went ahead to change the Ukraine's constitution to join NATO.  After 3 warring years, high debt accumulations and massive losses of young Ukrainians (20-40 years old), he has decided to back down by giving up on joining NATO.

The US and EU have failed to use Ukraine to grind Russia down and this has just dawned on the stupid Zelensky in which he has realized that he can't continue any further because his soldiers' average age is about 50 now.  The entire young working group (20-40years) has been wiped out by the war and this will take at least a few decades to recover because the country is heavily in debts.

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
12/03/24	DBS Vickers	ST Engineering	4.53	5.4	Buy
12/10/24	CIMB	ST Engineering	4.55	5.3	Add
12/16/24	DMG & Partners	ST Engineering	4.53	5.2	Buy	Sum of parts
01/03/25	Phillip	ST Engineering	4.65	5	Accumulate	DCF
01/21/25	DMG & Partners	ST Engineering	4.68	5.2	Buy	Sum of parts
02/07/25	DBS Vickers	ST Engineering	4.83	5.4	Buy
02/07/25	CIMB	ST Engineering	4.83	5.3	Add
02/07/25	Citi Research	ST Engineering	4.83	5.12	Buy	PER20x FY25
02/18/25	DMG & Partners	ST Engineering	5	5.2	Buy	Sum of parts
02/20/25	DBS Vickers	ST Engineering	5.11	5.4	Buy
02/28/25	UOB Kay Hian	ST Engineering	5.11	5.55	Buy	PER20.7x FY26
02/28/25	Citi Research	ST Engineering	5.11	6.1	Buy
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