Propnex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/25	UOB Kay Hian	Propnex	1.12	1.3	Buy	PER17.6x FY25
03/18/25	Lim & Tan	Propnex	1.12	1.25	Accumulate
03/26/25	DBS Vickers	Propnex	1.14	1.25	Buy
04/08/25	UOB Kay Hian	Propnex	1	1.3	Buy	PER17.6x FY25
05/27/25	UOB Kay Hian	Propnex	1.05	1.3	Buy	PER17.6x FY25
06/16/25	phillip	Propnex	1.07	1.33	Buy	DCF
07/14/25	UOB Kay Hian	Propnex	1.21	1.35	Buy	PER17.6x FY25/26
07/16/25	Lim & Tan	Propnex	1.23	1.375	Accumulate on weakness
08/13/25	phillip	Propnex	1.64	2.02	Buy	DCF
08/13/25	UOB Kay Hian	Propnex	1.64	2	Buy	PER19.5x FY25/26
08/13/25	CIMB	Propnex	1.64	1.77	Add	PER
08/18/25	DBS Vickers	Propnex	2.03	2.15	Buy	PER18x FY26/27
01/08/26	UOB Kay Hian	Propnex	1.96	2.52	Buy	PER22.9x FY26
02/02/26	UOB Kay Hian	Propnex	2.19	2.51	Buy	PER22.9x FY26
03/02/26	UOB Kay Hian	Propnex	2.04	2.55	Buy	PER23.8x FY26
03/02/26	DBS Vickers	Propnex	2.04	1.95	Hold	Sum of parts, PER18x

Prime US Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/15/25	phillip	Prime US Reit	0.144	0.2	Buy	DDM
05/15/25	DBS Vickers	Prime US Reit	0.144	0.19	Hold	PB0.3x
05/15/25	DMG & Partners	Prime US Reit	0.144	0.18	Buy	DDM
07/15/25	DMG & Partners	Prime US Reit	0.165	0.23	Buy	DDM
08/15/25	phillip	Prime US Reit	0.174	0.21	Buy	DDM
09/09/25	UOB Kay Hian	Prime US Reit	0.199	0.31	Buy	DDM
09/29/25	phillip	Prime US Reit	0.2	0.3	Buy	DDM
11/03/25	DBS Vickers	Prime US Reit	0.196	0.35	Buy	PB0.65x & DCF
11/13/25	phillip	Prime US Reit	0.2	0.3	Buy	DDM
01/26/26	phillip	Prime US Reit	0.205	0.3	Buy	DDM
02/12/26	DBS Vickers	Prime US Reit	0.23	0.35	Buy	PB0.65x & DCF
02/16/26	phillip	Prime US Reit	0.215	0.32	Buy	DDM
02/16/26	DBS Vickers	Prime US Reit	0.215	0.33	Buy	PB0.65x & DCF

Phillip Sing Income ETF - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/23/25	phillip	Phillip Sing Income ETF	1.422	1.59	Accumulate	Sum of parts

Stock calls for 2 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/26	DBS Vickers	Avepoint	13.8	20	Buy	EV/Sales 7x
03/02/26	UOB Kay Hian	Bumitama	1.32	1.45	Buy	PER11x FY27
03/02/26	UOB Kay Hian	City Developments	9.82	11.5	Buy	RNAV (15% disc)
03/02/26	DBS Vickers	City Developments	9.82	12	Buy	RNAV (35% disc)
03/02/26	Lim & Tan	City Developments	9.82	10.22	Accumulate on weakness
03/02/26	UOB Kay Hian	Comfortdelgro	1.55	1.82	Buy	PER16x FY26
03/02/26	DBS Vickers	Comfortdelgro	1.55	1.6	Hold	EV/Ebitda5.3x
03/02/26	CIMB	CSE Global	1.32	1.5	Add	PER
03/02/26	DBS Vickers	Daiwa House	0.56	0.63	Buy	DCF
03/02/26	UOB Kay Hian	First Resources	2.37	2.5	Buy	PER10x FY26
03/02/26	Kim Eng	First Resources	2.37	2.63	Buy	PER
03/02/26	DBS Vickers	Food Empire	3.25	3.65	Buy	Sum of parts
03/02/26	UOB Kay Hian	Frasers Logistics	0.99	1.22	Buy	DDM
03/02/26	DBS Vickers	Frencken	2.16	1.92	Buy	PER20x FY26
03/02/26	Kim Eng	Frencken	2.16	2.63	Buy	PER
03/02/26	Lim & Tan	Geo Energy	0.415	0.425	Hold
03/02/26	DBS Vickers	Jardine C&C	35.36	38.5	Buy	Sum of parts
03/02/26	UOB Kay Hian	Mapletree Commercial	1.42	1.84	Buy	DDM
03/02/26	DBS Vickers	Nam Cheong	1.39	1.6	Buy	PER10x FY26
03/02/26	UOB Kay Hian	NTT DC Reit	0.995	1.42	Buy	DDM
03/02/26	UOB Kay Hian	Propnex	2.04	2.55	Buy	PER23.8x FY26
03/02/26	DBS Vickers	Propnex	2.04	1.95	Hold	Sum of parts, PER18x
03/02/26	UOB Kay Hian	SATS	3.92	4.75	Buy	PER19.7x FY28
03/02/26	DBS Vickers	SATS	3.92	4.5	Buy	DCF & PER20x
03/02/26	DBS Vickers	Seatrium	2.4	3	Buy	PB1.35x FY26
03/02/26	phillip	Sembcorp Industries	6.12	7	Accumulate	EV/Ebitda10x FY26
03/02/26	DBS Vickers	Sheng Siong	2.63	2.6	Hold	PER24x FY26
03/02/26	Phillip	SIA	7.18	7	Neutral	PB1.3x
03/02/26	CIMB	Soilbuild Construction	1.02	1.2	Add	PER
03/02/26	UOB Kay Hian	ST Engineering	9.97	10.86	Buy	PER29.1x FY27
03/02/26	Phillip	ST Engineering	9.97	13	Buy	DCF
03/02/26	DBS Vickers	ST Engineering	9.97	11	Buy	PER30x FY26 & DCF
03/02/26	DBS Vickers	Ultragreen	1.7	2	Buy	PER26x FY26
03/02/26	DBS Vickers	UMS	1.45	1.48	Buy	PER25x FY26, Ex-Bonus 1-for-4
03/02/26	Phillip	Venture	15.63	16.8	Accumulate	PER19x

Baltic dry index (BDI) - 2140

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 550

Related stock: Seatrium & Cosco.

Red alert - The Iran war has started!

The Iran war has started!

Just as we've stated  in Part 5, it was safer for the US to attack Iran sooner rather than later.

https://sg-stock.blogspot.com/2026/02/will-china-intervene-in-iran-us-war_27.html

Red alert for bitcoin (BTC)! - Part 8

As stated previously in our post (see Part 2), many more crypto miners are cashing out their BTC holdings and running for the exit.  The video below is corroborating our post.

https://sg-stock.blogspot.com/2026/02/red-alert-for-bitcoin-btc-part-2.html

Will China intervene in an Iran-US war? - Part 5

China is going to supply Iran with CM-302, aka YJ-12, to defend itself against the US aircraft carriers.  Like we've stated from the beginning, China would help Iran because China had more to lose for giving up on Iran.

The US has to strike Iran sooner or else its aircraft carriers will be in grave danger when CM-302 missiles arrive in Iran.  Currently, China is supplying intelligence to Iran for nearby US military deployments and this has made any surprise US strike impossible.

The US inflation is starting to rear its head again! - Part 2

The US core PPI had climbed to 3.6% (YOY).  Now that the core PPI and PCE have both moved in a synchronized upward trend, it is highly unlikely for the US Fed to reduce its rates in the 1st half of 2026.

Phil AP Div Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/29/25	phillip	Phil AP Div Reit	1.1	1.095	Accumulate	Sum of parts
11/28/25	phillip	Phil AP Div Reit	1.191	1.29	Accumulate	Sum of parts

PC Partner - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/26	Amfrasers	PC Partner	1.02	1.73	outperform	DCF
02/09/26	Tickrs Financial	PC Partner	1.33	2.2	Buy	Sum of parts

Parkway Life - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/25	UOB Kay Hian	Parkway Life	3.85	4.85	Buy	DDM
04/01/25	UOB Kay Hian	Parkway Life	4.15	4.85	Buy	DDM
04/23/25	Kim Eng	Parkway Life	4.23	4.5	Buy	DDM
04/30/25	CIMB	Parkway Life	4.18	4.91	Add
04/30/25	OCBC	Parkway Life	4.18	4.65	Buy
05/21/25	UOB Kay Hian	Parkway Life	4.14	4.85	Buy	DDM
05/28/25	Kim Eng	Parkway Life	4.1	4.5	Buy	DDM
06/27/25	UOB Kay Hian	Parkway Life	4.1	5.33	Buy	DDM
08/01/25	UOB Kay Hian	Parkway Life	4.03	5.33	Buy	DDM
08/06/25	Lim & Tan	Parkway Life	4.06	4.85	Accumulate on weakness
08/07/25	Kim Eng	Parkway Life	4.11	4.5	Buy	DDM
08/07/25	CIMB	Parkway Life	4.11	4.93	Add	DDM
08/08/25	DBS Vickers	Parkway Life	4.1	4.75	Buy	DCF
08/18/25	UOB Kay Hian	Parkway Life	4.03	5.34	Buy	DDM
09/01/25	UOB Kay Hian	Parkway Life	4.22	5.34	Buy	DDM
11/06/25	CIMB	Parkway Life	4.05	4.97	Add	DDM
11/25/25	UOB Kay Hian	Parkway Life	4.02	5.42	Buy	DDM
02/03/26	DBS Vickers	Parkway Life	4.07	4.75	Buy	DCF
02/03/26	Lim & Tan	Parkway Life	4.07	4.8	Accumulate on weakness
02/04/26	UOB Kay Hian	Parkway Life	4.1	5.45	Buy	DDM
02/04/26	CIMB	Parkway Life	4.1	4.97	Add	DDM