The Iran war situation report. - Part 99

The US has no bargaining chip for this illegal Iran war anymore because Iran is dictating the peace deal now (see below).  This is unlikely to happen when the US still has the upperhand but it is not.

The US has no choice but to accede to Iran's terms and the Gulf states are willing to pay for the toll and service fees to end this illegal war because they can't tolerate much longer.  Therefore, Iran will emerge as a victorious WINNER and the gulf states will pivot towards Iran as the islamic leader in the middle east.  Consequently, the US will lose its influence in the middle east and it won't reinstate its US military bases in the gulf states to their original conditions (before the war).  Simultaneously, the gulf states also won't allow the US to have a major influence in the middle east anymore because they DO NOT want to be hit by Iran ever again.

Grand Banks Yacht - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/27/25	Lim & Tan	Grand Banks Yacht	0.745	1.12	Buy	PER10.6x FY26
11/21/25	Lim & Tan	Grand Banks Yacht	0.785	0	Buy
01/28/26	Lim & Tan	Grand Banks Yacht	0.82	1.33	Buy
06/05/26	Lim & Tan	Grand Banks Yacht	0.72	1.49	Buy	PER14.8x

Golden Agri - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/18/25	OCBC	Golden Agri	0.3	0.3	Hold
04/23/26	DMG & Partners	Golden Agri	0.305	0.3	Neutral

Geo Energy - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/04/25	Phillip	Geo Energy	0.39	0.47	Buy	DCF
09/09/25	Lim & Tan	Geo Energy	0.425	0.58	Buy
09/26/25	Phillip	Geo Energy	0.45	0.59	Buy	DCF
09/30/25	Lim & Tan	Geo Energy	0.475	0.59	Buy
11/26/25	Phillip	Geo Energy	0.43	0.59	Buy	DCF
12/23/25	Amfrasers	Geo Energy	0.43	0.76	outperform	DCF
03/02/26	Lim & Tan	Geo Energy	0.415	0.425	Hold
03/16/26	Phillip	Geo Energy	0.54	0.75	Buy	DCF
03/19/26	Amfrasers	Geo Energy	0.525	1.02	outperform	DCF
05/11/26	Lim & Tan	Geo Energy	0.61	0.8	Buy
05/18/26	Amfrasers	Geo Energy	0.58	1.27	outperform	DCF
05/25/26	Lim & Tan	Geo Energy	0.5	0.93	Buy
06/02/26	Phillip	Geo Energy	0.47	0.75	Buy	DCF
06/23/26	Lim & Tan	Geo Energy	0.435	1	Accumulate
07/20/26	Lim & Tan	Geo Energy	0.54	0.8	Accumulate

Stock calls for 7 August 2026

Date	Analyst	Company	Last	Target	Call	Valuation
08/07/26	CIMB	Cenurion Accommodation	1.16	1.39	Add	DDM
08/07/26	UOB Kay Hian	DBS	75.08	80	Buy	GGM, PB3.13x FY27
08/07/26	CIMB	DBS	75.08	77.1	Add	GGM
08/07/26	DBS Vickers	Justco	0.63	1.06	buy	EV/Ebitda8x (cash)
08/07/26	Amfrasers	Mooreast	0.121	0.195	Outperform	DCF
08/07/26	DBS Vickers	OCBC	29.33	30	Buy	GGM, PB1.9x FY27
08/07/26	CIMB	OCBC	29.33	28.4	Hold	GGM
08/07/26	Lim & Tan	OCBC	29.33	30	Hold
08/07/26	UOB Kay Hian	SGX	24.32	23.4	Hold	PER27.9x FY28
08/07/26	DBS Vickers	SGX	24.32	26.4	Buy	PER34x FY27
08/07/26	Kim Eng	Sing Investments & Finance	1.61	2.11	Buy	PB
08/07/26	UOB Kay Hian	Soon Hock	0.58	0.71	Buy	PB1.2x FY26
08/07/26	DBS Vickers	UOB	43.58	42.5	Buy	GGM, PB1.3x FY27
08/07/26	Lim & Tan	UOB	43.58	44	Hold
08/07/26	UOB Kay Hian	Venture	16.21	21.1	Buy	PER23.7x FY27
08/07/26	DBS Vickers	Venture	16.21	21.8	Buy	PER24x FY27
08/07/26	CIMB	Venture	16.21	21.78	Add	PER
08/07/26	DBS Vickers	Yangzijiang Shipping	3.94	4.55	Buy	PB2.6x FY26, PER11x FY26
08/07/26	CIMB	Yangzijiang Shipping	3.94	5.1	Add	PER

Genting - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/04/25	DBS Vickers	Genting	0.735	0.8	Hold	DCF & EV/Ebitda5.3x FY26
08/08/25	UOB Kay Hian	Genting	0.755	0.89	Hold	EV/Ebitda8x FY26
10/14/25	DBS Vickers	Genting	0.715	0.8	Hold	DCF & EV/Ebitda5.3x FY26
11/07/25	UOB Kay Hian	Genting	0.73	0.89	Buy	EV/Ebitda8x FY26
11/07/25	DBS Vickers	Genting	0.73	0.8	Hold	DCF & EV/Ebitda5.3x FY26
11/07/25	CIMB	Genting	0.73	0.785	Add
11/11/25	Kim Eng	Genting	0.77	1	Buy
01/05/26	UOB Kay Hian	Genting	0.725	0.89	Buy	EV/Ebitda8x FY26
01/29/26	DBS Vickers	Genting	0.73	0.8	Hold	DCF & EV/Ebitda5.3x FY26
01/29/26	CIMB	Genting	0.73	0.785	Add	EV/Ebitda
02/19/26	DBS Vickers	Genting	0.77	0.9	Buy	EV/Ebitda7.3x FY26
02/25/26	UOB Kay Hian	Genting	0.79	0.84	Hold	EV/Ebitda8x FY26
02/25/26	DBS Vickers	Genting	0.79	0.85	Buy	EV/Ebitda7.3x FY26
02/25/26	CIMB	Genting	0.79	0.76	Hold	EV/Ebitda
03/24/26	Lim & Tan	Genting	0.67	0.85	Accumulate
04/23/26	DBS Vickers	Genting	0.7	0.85	Buy	EV/Ebitda7.3x FY26
05/13/26	UOB Kay Hian	Genting	0.69	0.75	Hold	EV/Ebitda7.7x FY26
05/13/26	DBS Vickers	Genting	0.69	0.67	Hold	EV/Ebitda7.3x FY26
05/13/26	CIMB	Genting	0.69	0.67	Hold	EV/Ebitda
06/03/26	OCBC	Genting	0.6	0.77	Buy
07/23/26	DBS Vickers	Genting	0.63	0.67	Hold	EV/Ebitda7.3x FY26

Fuxing China - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/26	Phillip	Fuxing China	0.655	0.655	Unrated
06/25/26	SAC Capital	Fuxing China	0.99	1.51	Buy	PER

Frencken - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	UOB Kay Hian	Frencken	1.67	2.08	Buy	PER21x FY26
08/15/25	DBS Vickers	Frencken	1.54	2.03	Buy	PER20x FY25/26
08/20/25	Phillip	Frencken	1.45	1.76	Buy	PER18x FY25
08/26/25	DMG & Partners	Frencken	1.43	1.68	Buy	PER17x FY25
10/17/25	DBS Vickers	Frencken	1.42	2.03	Buy	PER20x FY25/26
11/17/25	DBS Vickers	Frencken	1.54	2.03	Buy	PER20x FY25/26
11/18/25	UOB Kay Hian	Frencken	1.52	1.8	Buy	PER18.8x FY26
11/18/25	DBS Vickers	Frencken	1.52	1.92	Buy	PER20x FY26
11/18/25	CIMB	Frencken	1.52	1.72	Add	PER
11/18/25	Lim & Tan	Frencken	1.52	1.83	Accumulate on weakness
11/19/25	Phillip	Frencken	1.47	1.87	Buy	PER18x FY26
01/09/26	DBS Vickers	Frencken	1.44	1.92	Buy	PER20x FY26
02/06/26	DMG & Partners	Frencken	1.66	2.03	Buy
02/09/26	Macquarie	Frencken	1.59	1.76	outperform
02/10/26	DBS Vickers	Frencken	1.78	1.92	Buy	PER20x FY26
03/02/26	DBS Vickers	Frencken	2.16	1.92	Buy	PER20x FY26
03/02/26	Kim Eng	Frencken	2.16	2.63	Buy	PER
03/03/26	UOB Kay Hian	Frencken	2.09	2.33	Buy	PER22x FY26
03/03/26	DBS Vickers	Frencken	2.09	2.5	Buy	PER26x FY26
03/05/26	CIMB	Frencken	2.01	0	Hold
03/09/26	Phillip	Frencken	2.01	2.5	Buy	PER24x FY26
03/19/26	DMG & Partners	Frencken	2.06	2.56	Buy
04/29/26	DBS Vickers	Frencken	2.72	3.22	Buy	PER30x FY26
05/07/26	Kim Eng	Frencken	2.81	3.4	Buy	PER
05/19/26	DBS Vickers	Frencken	3.04	3.22	Buy	PER30x FY26
05/19/26	Lim & Tan	Frencken	3.04	3.15	Hold
05/20/26	UOB Kay Hian	Frencken	2.81	3.3	Buy	PER29x FY27
05/20/26	DBS Vickers	Frencken	2.81	3.76	Buy	PER35x FY27
05/22/26	Phillip	Frencken	3.11	3.3	Accumulate	PER29x FY27
07/10/26	CIMB	Frencken	2.79	3.25	Add	PER
07/15/26	DMG & Partners	Frencken	2.76	3.57	Buy