The US GDP had collapsed!

Let's break down the GDP numbers to see what had happened.

GDP growth = G + I + C + NE

Q4 GDP (1st estimate) = (-0.9) + 0.66 + 1.58 + 0.08 = 1.42 (1.4)

Q4 GDP (2nd estimate) = (-1.03) + 0.57 + 1.33 + (-0.22) = 0.65 (0.7)

It seems that the US has been fudging its GDP number because the latest GDP estimation has crashed by 50% from 1.4% to 0.7%.

We can see that all the GDP components have fallen from the 1st estimation.

Moreover, the US core inflation (MOM) has remained at a high of 0.4% for the 2nd month while the core inflation (YOY) is showing an upward trend (see below).  If we continue to see a weakening US GDP and an ever rising US inflation, the US will encounter a stagflation in 2026.

US core inflation (YOY): 3.1%

The Iran war situation report. - Part 14

What did the US and Israel achieve so far? Virtually nothing!

The Iran government is still functioning well and is achieving successful strikes against Israel.

The US knows that it is losing the Iran war and is trying to bail out soon, leaving Israel alone to fight with Iran.

Trump has to end the Iran war soon or else more Trump's scandals will be revealed in the future.  The US anti-war campaign has begun now from senator to journalist.

We have been stating that the anglo-saxons in the US are trying to decimate Israel and the Jews via the Iran war.  Israel is in the process of being decimated by Iran with daily bombings and the hatred for Jews is rising significantly day by day.

Spindex - Stock calls

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

Soon Hock - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/27/25	UOB Kay Hian	Soon Hock	0.59	0.68	Buy	PB1x FY26
01/14/26	Kim Eng	Soon Hock	0.63	0.75	Buy
01/14/26	UOB Kay Hian	Soon Hock	0.63	0.65	Buy	PB0.9x FY26
01/20/26	UOB Kay Hian	Soon Hock	0.635	0.71	Buy	PB1.2x FY26
02/11/26	UOB Kay Hian	Soon Hock	0.645	0.71	Buy	PB1.2x FY26
02/25/26	Kim Eng	Soon Hock	0.665	0.75	Buy
03/05/26	Kim Eng	Soon Hock	0.62	0.78	Buy	RNAV
03/12/26	UOB Kay Hian	Soon Hock	0.61	0.71	Buy	PB1.2x FY26

Soilbuild Construction - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/17/25	Lim & Tan	Soilbuild Construction	0.77	0	Accumulate on weakness
04/14/25	Phillip	Soilbuild Construction	0.83	0.97	Accumulate	PER3.5x FY26
05/07/25	SAC Capital	Soilbuild Construction	0.81	1.1	Buy
07/03/25	Lim & Tan	Soilbuild Construction	0.865	0.97	Accumulate
08/15/25	Phillip	Soilbuild Construction	1.86	2.68	Buy	PER5.9x FY26
09/29/25	Phillip	Soilbuild Construction	2.73	3.41	Buy	PER7.5x FY26
10/07/25	CIMB	Soilbuild Construction	3.19	4.21	Add	PER
10/15/25	DBS Vickers	Soilbuild Construction	3.33	4.7	Unrated	PER12x FY26
10/31/25	Phillip	Soilbuild Construction	3.49	3.41	Neutral	PER13x FY26
01/16/26	CIMB	Soilbuild Construction	0.88	1.2	Add	Stock split 1 for 4
02/12/26	Phillip	Soilbuild Construction	1	1.4	Buy	PER
03/02/26	CIMB	Soilbuild Construction	1.02	1.2	Add	PER
03/04/26	Phillip	Soilbuild Construction	0.96	1.4	Buy	PER10.5x FY26
03/12/26	DBS Vickers	Soilbuild Construction	0.985	1.25	Unrated	PER10.1x FY27

Stock calls for 13 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/13/26	DMG & Partners	Lum Chang Creations	0.825	1.13	Buy	PER15x FY26/27
03/13/26	phillip	Oiltek	0.8	1.18	Buy	PER35x FY26
03/13/26	CIMB	Q&M	0.555	0.68	Add	PER
03/13/26	UOB Kay Hian	RH Petrogas	0.245	0.263	Buy	Sum of parts
03/13/26	Lim & Tan	SGX	18.3	19	Hold

The Iran war situation report. - Part 13

In our previous post Part 11, we had stated that 3 commercial ships were hit by Iran in the strait of hormuz.  Why were they targeted?

Iran didn't target these ships indiscriminately but they were targeted specificially.  Why?

Iran had already announced previously that any ship that was associated or affiliated with the US would not be allowed to pass through the strait of hormuz and Iran had delivered its threat.

Thailand (US airbase), Marshall Islands (US army base) and Japan (Naval and air bases) all have US military bases.  By attacking these ships, Iran had proven to the world that having a US military base was a liability and not a shield.  As stated previously in our post, Iran was trying to reset the western world order and it seemed to be working because many US allies were against the US.

Conversely, some Jews have started to protest against the Iran war now because they have realized that the anglo-saxons in the US are trying to destroy them through this war.  Furthermore, they know that Israel will be losing the war and it will be destroyed in the end.

Skylink - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/18/25	DMG & Partners	Skylink	0.295	0.44	Buy
02/26/26	Amfrasers	Skylink	0.295	0.44	Outperform	DCF

Singtel - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/28/25	UOB Kay Hian	Singtel	3.4	3.6	Buy	DCF
04/21/25	Kim Eng	Singtel	3.75	3.96	Buy	Sum of parts
04/24/25	DMG & Partners	Singtel	3.76	3.8	Buy	Sum of parts
05/05/25	DBS Vickers	Singtel	3.8	3.93	Buy	Sum of parts (20% disc)
05/14/25	CIMB	Singtel	3.71	4	Hold
05/20/25	DBS Vickers	Singtel	3.79	4.27	Buy	Sum of parts (15% disc)
05/22/25	Lim & Tan	Singtel	3.85	4	Accumulate on weakness
05/23/25	UOB Kay Hian	Singtel	3.95	4.58	Buy	Sum of parts
05/23/25	DBS Vickers	Singtel	3.95	4.4	Buy	Sum of parts
05/23/25	Citi Research	Singtel	3.95	4.3	Buy
05/26/25	Phillip	Singtel	3.88	4.4	Accumulate	EV/Ebitda7x
05/26/25	DMG & Partners	Singtel	3.88	4.5	Buy
05/26/25	OCBC	Singtel	3.88	4.51	Buy	Up from $4
06/17/25	CIMB	Singtel	3.95	4.1	Hold
06/19/25	DBS Vickers	Singtel	3.97	4.3	Buy	Sum of parts
06/19/25	Kim Eng	Singtel	3.97	4.3	Buy
06/20/25	DBS Vickers	Singtel	3.91	4.58	Buy	EV/Ebitda18.5x
06/20/25	HSBC	Singtel	3.91	4.45	Buy
07/01/25	Lim & Tan	Singtel	3.82	4.4	Accumulate
07/11/25	UOB Kay Hian	Singtel	4.01	4.58	Buy	Sum of parts
07/11/25	Citi Research	Singtel	4.01	4.46	Buy
07/22/25	DMG & Partners	Singtel	4.15	4.7	Buy
08/06/25	DMG & Partners	Singtel	4	4.7	Buy
08/07/25	Kim Eng	Singtel	4.01	4.3	Buy
08/14/25	UOB Kay Hian	Singtel	4.06	4.56	Buy	Sum of parts
08/14/25	Phillip	Singtel	4.06	4.4	Accumulate	Ev/Ebitda7x
08/14/25	DBS Vickers	Singtel	4.06	4.58	Buy	Sum of parts (15% disc)
08/15/25	Lim & Tan	Singtel	4.07	4.4	Accumulate
08/15/25	DMG & Partners	Singtel	4.07	4.7	Buy
08/22/25	DBS Vickers	Singtel	4.11	5.04	Buy	Sum of parts (10% disc)
09/01/25	Phillip	Singtel	4.31	4.86	Accumulate	Ev/Ebitda8x
09/02/25	CIMB	Singtel	4.33	4.8	Add
09/02/25	HSBC	Singtel	4.33	4.75	Buy
09/08/25	DMG & Partners	Singtel	4.39	4.9	Buy
09/10/25	Kim Eng	Singtel	4.31	4.75	Buy
09/19/25	OCBC	Singtel	4.35	5.1	Buy
09/30/25	Kim Eng	Singtel	4.12	4.62	Buy	Sum of parts
09/30/25	Citi Research	Singtel	4.12	4.92	Buy
10/30/25	DMG & Partners	Singtel	4.31	4.9	Buy
11/07/25	DBS Vickers	Singtel	4.5	5.04	Buy	Sum of parts (10% disc)
11/07/25	Kim Eng	Singtel	4.5	4.62	Buy	Sum of parts
11/10/25	Lim & Tan	Singtel	4.63	4.73	Accumulate on weakness
11/12/25	Lim & Tan	Singtel	4.62	5	Accumulate on weakness
11/13/25	UOB Kay Hian	Singtel	4.72	5.2	Buy	Sum of parts
11/13/25	CIMB	Singtel	4.72	5.2	Add	PER
11/17/25	Phillip	Singtel	4.86	5.35	Accumulate
12/09/25	Citi Research	Singtel	4.56	5.08	Buy	Sum of parts
12/12/25	DBS Vickers	Singtel	4.56	5.71	Buy	Sum of parts
12/19/25	Lim & Tan	Singtel	4.53	5.18	Accumulate on weakness
12/22/25	DMG & Partners	Singtel	4.54	5.2	Buy
01/14/26	DBS Vickers	Singtel	4.5	5.71	Buy	Sum of parts (10% disc)
01/14/26	JPM	Singtel	4.5	5.2	Overweight
02/02/26	DMG & Partners	Singtel	4.59	5.2	Buy
02/04/26	DBS Vickers	Singtel	4.86	5.71	Buy	Sum of parts (10% disc)
02/05/26	UOB Kay Hian	Singtel	4.91	5.2	Buy	Sum of parts
02/05/26	Phillip	Singtel	4.91	5.35	Accumulate
02/05/26	CIMB	Singtel	4.91	5.34	Add	RNAV
02/13/26	UOB Kay Hian	Singtel	5	5.5	Buy	Sum of parts
02/13/26	DMG & Partners	Singtel	5	5.5	Buy
02/13/26	HSBC	Singtel	5	5.2	Buy	Up from $5.15
02/16/26	Phillip	Singtel	4.91	5.35	Accumulate
03/09/26	JPM	Singtel	5	5.8	Overweight
03/10/26	UOB Kay Hian	Singtel	4.95	5.5	Buy	Sum of parts