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Friday, March 13, 2026

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.

Thursday, March 12, 2026

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