Red alert for bitcoin (BTC)! - Part 5

Standard Chartered Bank, a bitcoin bull, had predicted that BTC would fall to $50K before rebounding to $100K.  The bank had also cut the BTC target price by 50%.  The significant cut meant that the bank had  been overly ebullient and the latest target price might be too optimistic too.

Manulife US Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/25	DMG & Partners	Manulife US Reit	0.093	0.12	Neutral	DDM
05/13/25	DBS Vickers	Manulife US Reit	0.063	0.1	Hold
05/28/25	DMG & Partners	Manulife US Reit	0.062	0.7	Neutral	DDM

Lum Chang Creations - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/11/25	Lim & Tan	Lum Chang Creations	0.25	0.38	Subscribe	IPO $0.25
07/18/25	UOB Kay Hian	Lum Chang Creations	0.25	0.39	Buy	PER9.5x FY26
08/20/25	Lim & Tan	Lum Chang Creations	0.445	0.49	Accumulate	PER9.6x FY26
08/27/25	CIMB	Lum Chang Creations	0.55	0.81	Add	PER
12/02/25	Lim & Tan	Lum Chang Creations	0.475	0.7	Accumulate	PER11.7x FY26/27
01/07/26	CIMB	Lum Chang Creations	0.5	0.72	Add
02/13/26	CIMB	Lum Chang Creations	0.8	0.93	Add	PER

Lion-Phillip - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/05/25	Phillip	Lion-Phillip	0.775	0.86	Accumulate
10/31/25	Phillip	Lion-Phillip	0.88	0.965	Accumulate

Stock calls for 13 February 2026

Date	Analyst	Company	Last	Target	Call	Valuation
02/13/26	DMG & Partners	A-Reit	2.7	3.2	Buy	DDM
02/13/26	DMG & Partners	Capitaland Integrated Commercial Trust	2.47	2.73	Buy	DDM
02/13/26	Lim & Tan	Civmec	1.36	0	Accumulate on weakness
02/13/26	DMG & Partners	Comfortdelgro	1.49	1.75	Buy	DCF
02/13/26	CIMB	Far East Hospitality	0.62	0.72	Add	DDM
02/13/26	DBS Vickers	Ifast Corp	9.78	12	Buy	Sum of parts & DCF
02/13/26	DBS Vickers	Info-Tech System	0.955	1.2	Buy	PER20x FY26
02/13/26	CIMB	Isoteam	0.087	0.122	Add	PER12x FY26
02/13/26	Kim Eng	Isoteam	0.087	0.12	Buy	PER11x FY26/27
02/13/26	DMG & Partners	Isoteam	0.087	0.087	Neutral
02/13/26	CIMB	Lum Chang Creations	0.8	0.93	Add	PER
02/13/26	DMG & Partners	Raffles Medical	1.02	1.15	Buy	Sum of parts
02/13/26	OCBC	Sheng Siong	2.71	2.89	Buy
02/13/26	CIMB	SIA	6.9	7.23	Hold	PB
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
02/13/26	DMG & Partners	ST Engineering	10.19	10.7	Buy
02/13/26	DMG & Partners	Thai Beverage	0.47	0.62	Buy	Sum of parts

Will China intervene in an Iran-US war? - Part 4

China had sent its most advanced spy ship (liaowang), a type 055 and 052D destroyers to the Oman sea.  What does this China military deployment mean?

China spy ship (liaowang) can track all satellites, all missiles launches and stealth fighter jets and bombers in the region.  Thus, Liaowang can relay the sensitive US military movements to Iran in advance.

Type 055 and  052D specifications:

Does the US navy dare to take on China navy? No!  Why?
This is because YJ21 from type 055 can destroy a US aircraft carrier.

If China can deter the US from attacking Iran with such a small but advanced military deployment, it has shown itself to be a grand maestro in Sun Tze art of war because this is the highest form of victory (without fighting).

Lincotrade - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/08/25	SAC Capital	Lincotrade	0.2	0.301	Buy

LHN - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/24	Kim Eng	LHN	0.44	0.55	Buy
12/04/24	Phillip	LHN	0.44	0.56	Buy	PER6.5x FY25
12/31/24	Lim & Tan	LHN	0.51	0.56	Accumulate
03/06/25	Kim Eng	LHN	0.46	0.55	Buy
03/06/25	Lim & Tan	LHN	0.46	0.55	Accumulate
03/12/25	Phillip	LHN	0.46	0.56	Buy	PER6.5x FY25
04/16/25	Lim & Tan	LHN	0.42	0.56	Accumulate
05/16/25	Lim & Tan	LHN	0.495	0.56	Accumulate
05/19/25	Phillip	LHN	0.505	0.61	Buy	PER7x FY25
05/19/25	Kim Eng	LHN	0.505	0.55	Buy
05/26/25	Lim & Tan	LHN	0.505	0	Accumulate on weakness
06/03/25	Lim & Tan	LHN	0.515	0.6	Accumulate on weakness
06/26/25	DBS Vickers	LHN	0.64	0.81	Not Rated	Sum of parts
07/09/25	CIMB	LHN	0.76	1	Add
09/10/25	Lim & Tan	LHN	0.86	0	Accumulate
09/11/25	Phillip	LHN	0.93	1.13	Buy	PER13x FY25
09/25/25	UOB Kay Hian	LHN	0.985	1.12	Buy	PER12x FY26
10/01/25	Lim & Tan	LHN	0.93	1.15	Accumulate
10/01/25	CIMB	LHN	0.93	1.2	Add
12/01/25	Lim & Tan	LHN	0.67	1.15	Accumulate
12/08/25	Phillip	LHN	0.69	0.85	Buy	Sum of parts
12/09/25	UOB Kay Hian	LHN	0.675	0.84	Buy	PER12x FY26
12/09/25	CIMB	LHN	0.675	0.88	Add
02/11/26	UOB Kay Hian	LHN	0.69	0.84	Buy	PER12x FY26

Ley Choon - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/02/25	Lim & Tan	Ley Choon	0.067	0	Accumulate
01/06/26	Lim & Tan	Ley Choon	0.78	0	Buy

Stock calls for 12 February 2026

Date	Analyst	Company	Last	Target	Call	Valuation
02/12/26	Phillip	BRC Asia	4.23	5.1	Buy
02/12/26	Uob Kay Hian	Capitaland Investment	3.06	4.05	Buy	Sum of parts
02/12/26	CIMB	Capitaland Investment	3.06	4.19	Add	RNAV
02/12/26	Citi Research	Capitaland Investment	3.06	3.4	Buy	RNAV (20% disc)
02/12/26	phillip	Elite ComReit	0.36	0.41	Buy	DDM
02/12/26	DBS Vickers	Far East Hospitality	0.625	0.7	Buy	DCF
02/12/26	Lim & Tan	Far East Hospitality	0.625	0.71	Accumulate
02/12/26	Lim & Tan	Oiltek	0.62	0.94	Buy
02/12/26	DBS Vickers	Prime US Reit	0.23	0.35	Buy	PB0.65x & DCF
02/12/26	Lim & Tan	Reclaims Group	0.47	0.6	Buy	PER
02/12/26	Phillip	Soilbuild Construction	1	1.4	Buy	PER
02/12/26	DBS Vickers	Starhub	1.2	1.19	Hold	Sum of parts
02/12/26	Kim Eng	Thomson Medical	0.062	0.062	Hold	Sum of parts

US retail sales have stalled!

The US retail sales have stalled.  If this is the inception of weakening US consumption, the US economic growth will shrink.  We will need a quarter of US retail sales data to ascertain whether this is a trend or just an aberration.

Lendlease Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/25	UOB Kay Hian	Lendlease Reit	0.55	0.77	Buy	DDM
02/05/25	Phillip	Lendlease Reit	0.54	0.74	Buy	DDM
02/05/25	CIMB	Lendlease Reit	0.54	0.69	Add	DDM
02/07/25	UOB Kay Hian	Lendlease Reit	0.53	0.72	Buy	DDM
02/07/25	DBS Vickers	Lendlease Reit	0.53	0.75	Buy
03/06/25	UOB Kay Hian	Lendlease Reit	0.49	0.72	Buy	DDM
04/01/25	UOB Kay Hian	Lendlease Reit	0.51	0.72	Buy	DDM
05/08/25	DBS Vickers	Lendlease Reit	0.515	0.75	Buy
05/09/25	Phillip	Lendlease Reit	0.505	0.69	Buy	DDM
05/21/25	UOB Kay Hian	Lendlease Reit	0.49	0.72	Buy	DDM
05/21/25	Citi Research	Lendlease Reit	0.49	0.49	Hold	DDM
06/20/25	DBS Vickers	Lendlease Reit	0.5	0.75	Buy	DCF
06/27/25	UOB Kay Hian	Lendlease Reit	0.515	0.8	Buy	DDM
07/03/25	UOB Kay Hian	Lendlease Reit	0.53	0.76	Buy	DDM
07/03/25	Kim Eng	Lendlease Reit	0.53	0.57	Hold
08/01/25	UOB Kay Hian	Lendlease Reit	0.55	0.76	Buy	DDM
08/05/25	DBS Vickers	Lendlease Reit	0.565	0.75	Buy	DCF
08/05/25	Lim & Tan	Lendlease Reit	0.565	0.63	Accumulate
08/06/25	Phillip	Lendlease Reit	0.575	0.7	Buy	DDM
08/08/25	CIMB	Lendlease Reit	0.575	0.67	Add	DDM
08/11/25	UOB Kay Hian	Lendlease Reit	0.575	0.79	Buy	DDM
08/26/25	Citi Research	Lendlease Reit	0.595	0.66	Buy	DDM
09/01/25	UOB Kay Hian	Lendlease Reit	0.6	0.79	Buy	DDM
09/23/25	DBS Vickers	Lendlease Reit	0.615	0.75	Buy	DCF
10/06/25	Kim Eng	Lendlease Reit	0.65	0.69	Buy	DDM
11/03/25	UOB Kay Hian	Lendlease Reit	0.64	0.79	Buy	DDM
11/06/25	UOB Kay Hian	Lendlease Reit	0.635	0.81	Buy	DDM
12/01/25	UOB Kay Hian	Lendlease Reit	0.62	0.81	Buy	DDM
01/02/26	UOB Kay Hian	Lendlease Reit	0.62	0.81	Buy	DDM
02/02/26	UOB Kay Hian	Lendlease Reit	0.64	0.81	Buy	DDM