The Iran war situation report. - Part 57

The US had backed down by suspending its Project Freedom operation because some of its combat ships were hit by Iran while trying to execute the escort operation.

The US has lost the Iran war already, just like it lost the North Korea and Vietnam wars.

It is pretty clear now that the US is unable to control the strait of Hormuz or unblock it.  Thus, the US is trying very hard to negotiate with Iran over a peace deal now as it doesn't want to exit the war like a beaten dog with its tail between its legs.

In the end, Iran has once again debunked the myth that a mid-size country can't defeat the US.  It looks like the US has to accede to several Iran's demands to end the war or else the peace deal can't be achieved.  Let's watch how this will unfold.  Last but not least, the balance of power in the middle east will shift towards Iran after the war.

Hutchison Port (HPH) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/02/25	DBS Vickers	Hutchison Port	0.149	0.18	Buy	DCF
05/13/25	DBS Vickers	Hutchison Port	0.148	0.18	Buy	DCF
06/16/25	DBS Vickers	Hutchison Port	0.16	0.18	Buy	DCF
07/23/25	Lim & Tan	Hutchison Port	0.184	0	Hold
07/24/25	DBS Vickers	Hutchison Port	0.192	0.22	Buy	DCF
08/14/25	DBS Vickers	Hutchison Port	0.21	0.22	Buy	DCF
02/06/26	DBS Vickers	Hutchison Port	0.215	0.26	Buy	DCF

Huationg Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/26	UOB Kay Hian	Huationg Global	0.845	1.15	Buy	PER11x FY26
03/11/26	UOB Kay Hian	Huationg Global	0.825	1.23	Buy	PER11x FY26
05/04/26	UOB Kay Hian	Huationg Global	0.88	1.23	Buy	PER11x FY26

HRnetGroup - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/25	Phillip	HRnetGroup	0.695	0.78	Accumulate
08/15/25	CIMB	HRnetGroup	0.715	0.71	Hold	PER
08/19/25	Phillip	HRnetGroup	0.715	0.78	Accumulate
10/28/25	DMG & Partners	HRnetGroup	0.745	0.85	Buy
12/12/25	DMG & Partners	HRnetGroup	0.715	0.85	Buy
01/30/26	DMG & Partners	HRnetGroup	0.745	0.85	Buy
02/27/26	Phillip	HRnetGroup	0.74	0.82	Accumulate
02/27/26	CIMB	HRnetGroup	0.74	0.78	Add	PER
02/27/26	DMG & Partners	HRnetGroup	0.74	0.84	Buy
03/17/26	DMG & Partners	HRnetGroup	0.725	0.83	Buy
04/20/26	Kim Eng	HRnetGroup	0.76	0.87	Buy

Stock calls for 6 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/06/26	Kim Eng	Addvalue	0.142	0.31	Buy	P/S
05/06/26	DBS Vickers	Cenurion Accommodation	1.1	1.3	Buy	DCF
05/06/26	Lim & Tan	Cenurion Accommodation	1.1	1.31	Accumulate
05/06/26	Lim & Tan	CSE Global	1.36	1.6	Accumulate
05/06/26	phillip	Ever Glory Uinited Holdings	0.8	1.05	Buy	PER18x FY27
05/06/26	DBS Vickers	First Resources	3.75	5	Buy	PER14x FY26
05/06/26	UOB Kay Hian	Frasers Logistics	0.99	1.3	Buy	DDM
05/06/26	CIMB	Frasers Logistics	0.99	1.1	Add	DDM
05/06/26	CIMB	Keppel Infrastructure	0.535	0.6	Add	DDM
05/06/26	DBS Vickers	UOB	36.28	35.7	Hold	GGM, PB1.1x FY26
05/06/26	UOB Kay Hian	Venture	16.48	20.65	Buy	PER23.7x FY27
05/06/26	DBS Vickers	Venture	16.48	21.8	Buy	PER24x FY27
05/06/26	Kim Eng	Venture	16.48	21.4	Buy	PER
05/06/26	phillip	Wee Hur	0.735	1.08	Buy	Sum of parts

The Iran war situation report. - Part 56

Iran has released the video footage of US combat ship getting hit by missiles despite the US denial.

The bad news is that the Iran war looks set to resume soon.

Furthermore, Iran has escalated the tension by threatening to destroy the US data centre in UAE.

Hotel Properties - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/25	DBS Vickers	Hotel Properties	5.21	5	Hold	RNAV (50% disc)

HongKong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/25	Lim & Tan	Hongkong Land	4.46	4.73	Accumulate
03/10/25	DBS Vickers	Hongkong Land	4.46	5.25	Buy
03/10/25	CIMB	Hongkong Land	4.46	4.82	Hold
04/25/25	DBS Vickers	Hongkong Land	4.22	5.52	Buy
04/28/25	DBS Vickers	Hongkong Land	4.64	5.62	Buy	RNAV (46% disc)
04/28/25	CIMB	Hongkong Land	4.64	4.91	Hold	RNAV
05/23/25	Lim & Tan	Hongkong Land	5.23	0	Accumulate
05/26/25	DBS Vickers	Hongkong Land	5.27	5.62	Buy	RNAV (46% disc)
07/31/25	DBS Vickers	Hongkong Land	6.3	7.2	Buy	RNAV (35% disc)
09/19/25	Lim & Tan	Hongkong Land	6.65	6.97	Buy
09/29/25	DBS Vickers	Hongkong Land	6.25	7.6	Buy	RNAV (31% disc)
11/21/25	Lim & Tan	Hongkong Land	6.3	7.5	Accumulate
11/21/25	DBS Vickers	Hongkong Land	6.3	7.7	Buy	RNAV (31% disc)
11/24/25	MorningStar	Hongkong Land	6.33	7.1	4-Star
12/12/25	Lim & Tan	Hongkong Land	6.93	7.5	Accumulate on weakness
12/15/25	MorningStar	Hongkong Land	7.15	7.4	3-Star	Up from $7.10
02/04/26	DBS Vickers	Hongkong Land	8.67	10.13	Buy	RNAV (15% disc)
03/06/26	Lim & Tan	Hongkong Land	8.15	9.09	Accumulate on weakness
03/09/26	DBS Vickers	Hongkong Land	8.38	10.17	Buy	RNAV (15% disc)
03/20/26	Lim & Tan	Hongkong Land	8.28	9.42	Accumulate on weakness
04/29/26	Lim & Tan	Hongkong Land	7.89	10.07	Accumulate

Hong Leong Finance - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/30/26	DBS Vickers	Hong Leong Finance	2.69	3.2	Buy	PB0.7x FY26

Stock calls for 5 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/05/26	CIMB	AEM	7.42	10.15	Add	PER
05/05/26	DBS Vickers	Frasers Logistics	0.97	1.05	Buy	DCF
05/05/26	Lim & Tan	Frasers Logistics	0.97	1.1	Accumulate
05/05/26	Lim & Tan	Keppel Corp	10.87	12.94	Accumulate
05/05/26	DMG & Partners	Sheng Siong	3.04	3.45	Buy
05/05/26	DBS Vickers	Ultragreen	1.49	2	Buy	PER26x FY26
05/05/26	Amfrasers	Winking	0.23	0.3	Outperform	DCF

Hong Leong Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/25	UOB Kay Hian	Hong Leong Asia	1	1.11	Buy	Sum of parts
03/24/25	UOB Kay Hian	Hong Leong Asia	1.02	1.46	Buy	Sum of parts
05/27/25	UOB Kay Hian	Hong Leong Asia	1.17	1.46	Buy	Sum of parts
06/23/25	UOB Kay Hian	Hong Leong Asia	1.33	1.46	Buy	Sum of parts
07/07/25	CIMB	Hong Leong Asia	1.6	1.95	Add
07/10/25	UOB Kay Hian	Hong Leong Asia	1.63	1.93	Buy	Sum of parts
08/18/25	UOB Kay Hian	Hong Leong Asia	1.88	2.63	Buy	Sum of parts
08/19/25	DBS Vickers	Hong Leong Asia	1.95	2.8	Buy	Sum of parts
08/25/25	OCBC	Hong Leong Asia	2.4	3.4	Buy
09/15/25	UOB Kay Hian	Hong Leong Asia	2.43	2.82	Buy	Sum of parts
11/26/25	UOB Kay Hian	Hong Leong Asia	2.13	2.82	Buy	Sum of parts
01/29/26	UOB Kay Hian	Hong Leong Asia	3.15	4.2	Buy	Sum of parts
02/02/26	OCBC	Hong Leong Asia	3.43	3.5	Buy	DCF
02/27/26	DBS Vickers	Hong Leong Asia	3.06	3.9	Buy	Sum of parts
02/27/26	OCBC	Hong Leong Asia	3.06	4.2	Buy	DCF
03/03/26	UOB Kay Hian	Hong Leong Asia	3.1	4.71	Buy	Sum of parts
03/27/26	Lim & Tan	Hong Leong Asia	2.85	4.2	Accumulate
03/30/26	DBS Vickers	Hong Leong Asia	2.84	3.9	Buy	Sum of parts
04/22/26	DBS Vickers	Hong Leong Asia	3.17	3.9	Buy	Sum of parts
04/22/26	UOB Kay Hian	Hong Leong Asia	3.17	4.9	Buy	Sum of parts
05/04/26	UOB Kay Hian	Hong Leong Asia	2.91	4.9	Buy	Sum of parts