Ever Gloy Uinited Holdings - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/12/25	phillip	Ever Gloy Uinited Holdings	0.57	0.81	Buy	PER
09/03/25	Lim & Tan	Ever Gloy Uinited Holdings	0.74	0.81	Watchlist
11/20/25	CIMB	Ever Gloy Uinited Holdings	0.7	0.87	Add
12/17/25	Amfrasers	Ever Gloy Uinited Holdings	0.7	1.2	Outperform	DCF
02/05/26	CIMB	Ever Gloy Uinited Holdings	0.685	0.87	Add	PER
03/03/26	CIMB	Ever Gloy Uinited Holdings	0.76	0.9	Add	PER
03/09/26	phillip	Ever Gloy Uinited Holdings	0.77	1.05	Buy	PER18x FY27
03/17/26	Amfrasers	Ever Gloy Uinited Holdings	0.745	1.28	Outperform	DCF

ESR Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/23/25	CIMB	ESR-Reit	0.205	0.36	Add	DDM
07/14/25	DMG & Partners	ESR-Reit	2.42	3.25	Buy	Share cosol 10-into-1, Up from $3.15
07/29/25	DBS Vickers	ESR-Reit	2.64	3.1	Buy	DCF
07/30/25	DBS Vickers	ESR-Reit	2.71	3.2	Buy	DCF
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

Elite ComReit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/13/25	UOB Kay Hian	Elite ComReit	0.3	0.35	Buy	DDM
05/02/25	phillip	Elite ComReit	0.295	0.35	Buy	DDM
05/02/25	DMG & Partners	Elite ComReit	0.295	0.35	Buy	DDM
05/05/25	Lim & Tan	Elite ComReit	0.29	0.35	Accumulate
05/06/25	UOB Kay Hian	Elite ComReit	0.29	0.35	Buy	DDM
06/11/25	DBS Vickers	Elite ComReit	0.335	0.36	Buy	DCF
06/11/25	CIMB	Elite ComReit	0.335	0.35	Add
06/11/25	Lim & Tan	Elite ComReit	0.335	0	Accumulate on weakness
06/23/25	phillip	Elite ComReit	0.305	0.35	Buy	DDM
07/15/25	DBS Vickers	Elite ComReit	0.32	0.36	Buy	DCF
07/24/25	CIMB	Elite ComReit	0.34	0.38	Add
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

Stock calls for 21 April 2026

Date	Analyst	Company	Last	Target	Call	Valuation
04/21/26	CIMB	Capitaland Integrated Commercial Trust	2.39	2.74	Add	DDM
04/21/26	Lim & Tan	Capitaland Integrated Commercial Trust	2.39	2.67	Accumulate
04/21/26	UOB Kay Hian	Centurion	1.66	1.9	Buy	PER12.4x FY26
04/21/26	CIMB	Isoteam	0.081	0.11	Add	PER
04/21/26	Lim & Tan	Keppel Corp	11.86	13.38	Accumulate
04/21/26	DBS Vickers	Keppel Reit	0.92	1.05	Buy
04/21/26	DBS Vickers	OCBC	22.67	25.5	Buy	GGM, PB1.7x FY27

The Iran war situation report. - Part 52

Iran has rejected US request for a 2nd peace talk in Pakistan.

Conversely, Iran has started to retaliate against the US and Israel.  In short, the Iran war has resumed and the detente has broken.

Digicore Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/25	UOB Kay Hian	Digicore Reit	0.55	0.88	Buy	DDM
04/01/25	UOB Kay Hian	Digicore Reit	0.53	0.88	Buy	DDM
04/24/25	DBS Vickers	Digicore Reit	0.475	0.7	Buy	DCF
05/02/25	phillip	Digicore Reit	0.5	0.9	Buy	DDM
05/21/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
06/27/25	UOB Kay Hian	Digicore Reit	0.515	0.88	Buy	DDM
07/24/25	UOB Kay Hian	Digicore Reit	0.555	0.88	Buy	DDM
07/24/25	DBS Vickers	Digicore Reit	0.555	0.68	Buy	DCF
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

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

Delfi - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/11/25	UOB Kay Hian	Delfi	0.755	0.82	Hold	PER12x FY25
04/14/25	Lim & Tan	Delfi	0.69	0.83	Accumulate on weakness
05/21/25	DBS Vickers	Delfi	0.71	0.8	Hold
05/21/25	Lim & Tan	Delfi	0.71	0.83	Accumulate on weakness
05/22/25	Lim & Tan	Delfi	0.715	0.82	Hold	PER12x FY25
05/22/25	CIMB	Delfi	0.715	0.71	Hold	PER
08/13/25	Lim & Tan	Delfi	0.85	0.78	Hold
08/13/25	DBS Vickers	Delfi	0.85	0.7	Fully Valued
08/19/25	UOB Kay Hian	Delfi	1.29	1.71	Buy
08/19/25	DMG & Partners	Delfi	1.29	1.33	Buy
11/14/25	DBS Vickers	Delfi	0.835	0.7	Fully Valued	PER12.4x FY26
11/14/25	CIMB	Delfi	0.835	0.81	Hold	PER
11/17/25	DBS Vickers	Delfi	0.82	0.8	Hold	PER12x FY26
12/11/25	DMG & Partners	Delfi	0.82	0.94	Buy	PER13x FY26
01/22/26	UOB Kay Hian	Delfi	0.845	0.82	Hold
02/25/26	DBS Vickers	Delfi	0.99	0.8	Hold	PER12x FY26
02/25/26	Lim & Tan	Delfi	0.99	0.85	Accumulate on weakness
02/26/26	UOB Kay Hian	Delfi	0.945	1.12	Buy	PER14x FY26
02/26/26	DBS Vickers	Delfi	0.945	1	Hold	PER14x FY26
03/06/26	DMG & Partners	Delfi	0.995	1.2	Buy
03/10/26	UOB Kay Hian	Delfi	0.935	1.12	Buy	PER14x FY26
03/20/26	CIMB	Delfi	0.93	0.91	Hold	PER
04/13/26	Lim & Tan	Delfi	1.14	1.02	Accumulate on weakness
04/14/26	UOB Kay Hian	Delfi	1.19	1.68	Buy	PER