US inflation looks poised to rise in the future.

The latest 1-year inflation expectation had spiked to 3.8%.

This spike could be caused by the Iran war and the US consumers were expecting higher inflation because of this war.  Thus, there has been some talk about the US Fed raising its rates to contain the US inflation from going out of control.

Zixin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/08/25	Amfrasers	Zixin	0.028	0.06	Outperform	DCF
06/03/25	phillip	Zixin	0.034	0.06	Buy	DCF
06/10/25	Amfrasers	Zixin	0.033	0.06	Outperform	DCF
09/22/25	phillip	Zixin	0.031	0.06	Buy	DCF
11/11/25	Lim & Tan	Zixin	0.036	0.066	Buy	PER10x FY26
11/28/25	phillip	Zixin	0.034	0.055	Buy	DCF
12/01/25	Amfrasers	Zixin	0.034	0.048	Outperform	DCF
12/02/25	Lim & Tan	Zixin	0.033	0.066	Buy	PER10x FY26

Yeo Hiap Seng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/11/26	uSMART	Yeo Hiap Seng	0.615	0.643	Hold

Yanlord - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/05/25	DBS Vickers	Yanlord	0.485	0.5	Hold	PB0.17x
08/15/25	DBS Vickers	Yanlord	0.585	0.5	Hold	PB0.17x
08/19/25	DBS Vickers	Yanlord	0.62	0.58	Hold	PB0.2x

Stock calls for 30 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/30/26	Lim & Tan	Beng Kuang Marine	0.385	0	Buy
03/30/26	UOB Kay Hian	DBS	57.15	67.55	Buy	GGM, PB2.73x FY26
03/30/26	DBS Vickers	Elite ComReit	0.335	0.4	Buy	DCF
03/30/26	DBS Vickers	Hong Leong Asia	2.84	3.9	Buy	Sum of parts
03/30/26	DMG & Partners	Ifast Corp	9.22	12.2	Buy
03/30/26	UOB Kay Hian	OCBC	21.57	25.3	Buy	GGM, PB1.79x FY26
03/30/26	Lim & Tan	The Assembly Place	0.24	0.34	Accumulate

Baltic dry index - 2031

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 543

Related stock: Seatrium & Cosco.

The Iran war situation report. - Part 32

Look like US ground troop invasion is imminent but Iran is ready for it.

This Iran war is going to escalate with this ground troop invasion.

Red alert for bitcoin (BTC)! - Part 12

Our projection for the BTC industy has materialized!  BTC miners and BTC treasuries companies are selling their BTC holdings.

We've been stating this on numerous occasions.

The Iran war situation report. - Part 31

The ruthless Israel has started to attack Iran's nuclear reactors and this is considered a war crime by the UN.

Israel has escalated the Iran war and Iran will hit back by attacking Israel's power and water plants.

Moreover, the Israeli military can't sustain this Iran war much longer because it is on the verge of collapsing due to manpower issues.

The anglo-saxons in the US have managed to destroy Israel and the Jews via this Iran war so that this evil Israeli regime will cease to exit after the war.  Great job!

Yangzijiang Shipping - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/05/25	Lim & Tan	Yangzijiang Shipping	2.34	3.36	Accumulate
03/25/25	DBS Vickers	Yangzijiang Shipping	2.4	3.8	Buy	PB2.5x FY25, PER11x FY25
04/09/25	Lim & Tan	Yangzijiang Shipping	1.9	3.3	Accumulate on weakness
04/21/25	DBS Vickers	Yangzijiang Shipping	2.06	3.8	Buy	PB2.5x FY25, PER11x FY25
05/07/25	UOB Kay Hian	Yangzijiang Shipping	2.06	3.5	Buy	PER9.6x
05/23/25	DBS Vickers	Yangzijiang Shipping	2.14	3.8	Buy	PB2.5x FY25, PER11x FY25
05/26/25	UOB Kay Hian	Yangzijiang Shipping	2.05	3.29	Buy	PER9.1x
05/26/25	CIMB	Yangzijiang Shipping	2.05	2.72	Add	PER
08/07/25	UOB Kay Hian	Yangzijiang Shipping	2.63	3.45	Buy	PER8.6x
08/07/25	DBS Vickers	Yangzijiang Shipping	2.63	3.8	Buy	PB2.5x FY25, PER11x FY25
08/07/25	CIMB	Yangzijiang Shipping	2.63	3.9	Add	PER
09/01/25	DBS Vickers	Yangzijiang Shipping	2.91	3.8	Buy	PB2.5x FY25, PER11x FY25
09/04/25	UOB Kay Hian	Yangzijiang Shipping	3.06	3.6	Buy	PER8.5x
09/29/25	Lim & Tan	Yangzijiang Shipping	3.28	3.73	Accumulate on weakness
10/10/25	DBS Vickers	Yangzijiang Shipping	3.44	3.8	Buy	PB2.5x FY25, PER11x FY25
10/27/25	UOB Kay Hian	Yangzijiang Shipping	3.47	3.9	Buy	PER9.3x FY26
11/18/25	DBS Vickers	Yangzijiang Shipping	3.42	3.8	Buy	PB2.5x FY25, PER11x FY25
11/19/25	UOB Kay Hian	Yangzijiang Shipping	3.26	4.1	Buy	PER9.3x FY26
11/20/25	CIMB	Yangzijiang Shipping	3.35	4.51	Add	PER
12/08/25	UOB Kay Hian	Yangzijiang Shipping	3.43	4.1	Buy	PER9.3x FY26
01/29/26	UOB Kay Hian	Yangzijiang Shipping	3.35	4.1	Buy	PER9.3x FY26
02/27/26	UOB Kay Hian	Yangzijiang Shipping	3.92	4.6	Buy
02/27/26	DBS Vickers	Yangzijiang Shipping	3.92	4.55	Buy	PB2.6x FY26, PER11x FY26
02/27/26	CIMB	Yangzijiang Shipping	3.92	4.95	Add	PER
03/10/26	UOB Kay Hian	Yangzijiang Shipping	4.1	4.6	Buy
03/11/26	DBS Vickers	Yangzijiang Shipping	4.05	4.55	Buy	PB2.6x FY26, PER11x FY26
03/11/26	CIMB	Yangzijiang Shipping	4.05	4.95	Add	PER
03/11/26	Lim & Tan	Yangzijiang Shipping	4.05	4.44	Accumulate on weakness
03/27/26	Kim Eng	Yangzijiang Shipping	3.85	4.15	Hold	DCF

Yangzijiang Maritime - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/21/25	DBS Vickers	Yangzijiang Maritime	0.695	0.85	Buy	PB1.4x

Yangzijiang Financial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/25	CIMB	Yangzijiang Financial	0.795	1.09	Add
04/01/25	Lim & Tan	Yangzijiang Financial	0.795	0.66	Hold
09/09/25	CIMB	Yangzijiang Financial	1.09	1.25	Add	Sum of parts
10/02/25	Lim & Tan	Yangzijiang Financial	1.18	1.25	Hold
11/21/25	DBS Vickers	Yangzijiang Financial	0.5	0.48	Hold	PB0.9x (ex-maritime)

Stock calls for 27 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/27/26	Amfrasers	Centurion	1.47	1.85	Outperform	DCF
03/27/26	Lim & Tan	Hong Leong Asia	2.85	4.2	Accumulate
03/27/26	CIMB	Keppel Corp	12.27	13.52	Add	Sum of parts
03/27/26	JPM	Keppel Corp	12.27	12	Neutral
03/27/26	UOB Kay Hian	Lendlease Reit	0.53	0.78	Buy	DDM
03/27/26	UOB Kay Hian	Nam Cheong	1.4	2.05	Buy
03/27/26	Kim Eng	Seatrium	2.29	3.1	Buy	DCF
03/27/26	Lim & Tan	Stoneweg Reit SGD	2.23	2.86	Accumulate
03/27/26	Kim Eng	Yangzijiang Shipping	3.85	4.15	Hold	DCF

Red alert for bitcoin (BTC)! - Part 11

As stated previously and on numerous occasions, BTC miners need to sell their BTC holdings to fund their operations or convert into AI infrastructure.  This is the latest BTC miner to do so and it won't be the last because the average mining cost is still way above the BTC price (see below).

The Iran war situation report. - Part 30

The US is going to intensify the Iran war with more airstrikes and ground troops soon as its military resources are being deployed near Iran.

However, we are not optimistic about the US ground troops deployment for the Kharg island attack and the US will suffer heavy casualties because the island is easy to attack but impossible to defend as it doesn't have any hideout place.  In other words, Iran can just bomb the US ground troops with drones and rockets.

Let's watch how this will pan out on weekends because Trump likes to launch attacks on weekends.

XMH - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/16/25	Lim & Tan	XMH	0.153	0	Accumulate

Winking - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/25/25	Amfrasers	Winking	0.255	0.31	Outperform	DCF

Wing Tai - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/25	Lim & Tan	Wing Tai	1.4	0	Hold

Stock calls for 26 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/26/26	Lim & Tan	Keppel Corp	12.45	14	Accumulate
03/26/26	CIMB	Tai Sin Electric	0.5	0.743	Add	PER

The Iran war situation report. - Part 29

Just as we had projected yesterday, Iran had rejected the US ceasefire plan.  Needless to say, the US will reject Iran's demands too.  Therefore, this Iran war won't end soon because the US combat ships will arrive near Iran soon and the US will start a new round of assaults with its new ammunition.

Trump had successfully conned investors to step into the financial market so that he and his cronies could unload their stockholdings.  What a brilliant charade!

The Iran war situation report. - Part 28

What's the probability of the Iran war ending soon?

The Iran war has a low probability of ending soon because Iran is not on talking terms with the US now.  Why?

This is because Iran doesn't see the US as a credible and trurthworthy country anymore after being betrayed and attacked twice by the US.  Remember the famous adage: Once bitten, twice shy?

Simultaneously, Israel also doesn't want the Iran war to end without accomplishing its objective of destroying the IRGC and eliminating the new supreme leader.  Please ignore Netanyahu and focus on the content instead (below).

Moreover, the Jews had realised that the anglo-saxons were trying to compel the US to abandon Israel and its people.  Therefore, Israel had warned the US not to abandon the Jews.

As stated in our previous Part 27 post, Trump and his cronies were only interested in profiteering from this Iran war.

Last but not least, Iraq had decided to join the Iran war and its participation would only prolong the war and make it unlikely for the Iran war to end soon.

Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/22/25	CIMB	Wilmar	3.13	3.15	Hold
04/30/25	UOB Kay Hian	Wilmar	3.02	3.45	Buy	Sum of parts
04/30/25	DBS Vickers	Wilmar	3.02	3.8	Buy	PER12.1x FY25
05/02/25	DMG & Partners	Wilmar	3.06	3	Neutral
05/02/25	Citi Research	Wilmar	3.06	3.25	Buy	PER11x FY26
05/05/25	Kim Eng	Wilmar	3.06	4.05	Buy
05/16/25	DBS Vickers	Wilmar	3.06	3.8	Buy
06/18/25	DBS Vickers	Wilmar	3.01	3.8	Buy
06/19/25	Citi Research	Wilmar	2.93	3.25	Buy	PER11x FY26
07/09/25	DMG & Partners	Wilmar	2.94	2.8	Neutral
07/22/25	CIMB	Wilmar	3.02	2.7	Reduce
08/12/25	DBS Vickers	Wilmar	2.97	3.8	Buy	PER12.1x FY25
08/13/25	UOB Kay Hian	Wilmar	2.97	3.45	Buy	Sum of parts
08/13/25	CIMB	Wilmar	2.97	2.7	Reduce
09/02/25	DBS Vickers	Wilmar	2.96	3	Hold	PER11.7x FY26
09/26/25	Lim & Tan	Wilmar	2.89	0	Avoid
09/26/25	DMG & Partners	Wilmar	2.89	2.5	Sell	Sum of parts
09/29/25	CIMB	Wilmar	2.85	2.7	Reduce
10/09/25	CIMB	Wilmar	2.89	3.3	Add	PER
10/21/25	Lim & Tan	Wilmar	2.95	3	Avoid
10/31/25	UOB Kay Hian	Wilmar	3.12	3.5	Buy	Sum of parts
10/31/25	DBS Vickers	Wilmar	3.12	3	Hold	PER11.7x FY26
11/03/25	CIMB	Wilmar	3.13	3.6	Add
11/03/25	DMG & Partners	Wilmar	3.13	3	Neutral	Sum of parts
11/14/25	OCBC	Wilmar	3.36	3.58	Buy
11/14/25	Kim Eng	Wilmar	3.36	3.12	Hold	DCF
01/08/26	Aletheia Capital	Wilmar	3.09	2.5	Sell	Cut from $3.49
02/03/26	UOB Kay Hian	Wilmar	3.4	7.9	Buy
02/27/26	DBS Vickers	Wilmar	3.5	3	Hold	PER11.7x FY26
03/02/26	CIMB	Wilmar	3.52	3.6	Hold	PER
03/10/26	Kim Eng	Wilmar	3.53	3.85	Buy	DCF
03/10/26	DBS Vickers	Wilmar	3.9	3	Hold	PER11.7x FY26