The Iran war situation report. - Part 25

Trump did it again! TACO!

Trump declared that he had postponed the air strikes against Iran's power plants because of some productive conversations with Iran.

However, Iran had denied that such talk had occured.

It looks like either Trump always chickens out or he is trying to manipulate the stock market.

UOB - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/12/25	Citi Research	UOB	37.35	36.9	Hold	GGM, PB1.3x FY25
03/12/25	Jefferies	UOB	37.35	43	Buy
03/12/25	DBS Vickers	UOB	37.35	38.5	Hold
03/21/25	phillip	UOB	37.8	41.8	Accumulate	GGM, PB1.49x FY25
03/24/25	Lim & Tan	UOB	37.95	42.5	Accumulate
03/24/25	MorningStar	UOB	37.95	37.6	Hold
04/03/25	DMG & Partners	UOB	36.17	41.6	Buy	GGM, PB1.38x FY25
04/07/25	Lim & Tan	UOB	35.46	0	Hold
04/07/25	Citi Research	UOB	35.46	34.8	Hold
04/08/25	DBS Vickers	UOB	33.23	32.7	Hold	GGM, PB1x FY26
04/10/25	Kim Eng	UOB	30.99	32.02	Hold
04/21/25	CIMB	UOB	34.8	38.8	Add
04/22/25	DMG & Partners	UOB	35.3	37.6	Neutral
05/07/25	DBS Vickers	UOB	34.98	32.7	Hold	GGM, PB1x FY26
05/07/25	CIMB	UOB	34.98	38.6	Add	GGM
05/07/25	Lim & Tan	UOB	34.98	38.8	Hold
05/07/25	MorningStar	UOB	34.98	39	Buy	GGM, PB1.3x FY25
05/09/25	phillip	UOB	34.55	35.5	Accumulate	GGM, PB1.26x FY25
05/09/25	MorningStar	UOB	34.55	37.5	Hold
05/19/25	Jefferies	UOB	35.5	40	Buy
06/06/25	Citi Research	UOB	35.21	34.7	Hold	GGM, PB1.2x FY25/26
06/10/25	CIMB	UOB	35.33	38.6	Add	GGM
06/12/25	phillip	UOB	35.12	36.3	Accumulate
06/19/25	Lim & Tan	UOB	34.83	37.99	Accumulate
07/07/25	phillip	UOB	36.12	36.3	Accumulate
07/15/25	CIMB	UOB	36.88	38.6	Add	GGM
08/07/25	DBS Vickers	UOB	36.45	32.7	Hold	GGM, PB1x FY26
08/07/25	Lim & Tan	UOB	36.45	38.27	Hold
08/08/25	DBS Vickers	UOB	35.81	33.9	Hold	GGM, PB1x FY26
08/08/25	Kim Eng	UOB	35.81	38.36	Hold	DDM
08/08/25	CIMB	UOB	35.81	38.3	Hold	GGM
08/08/25	OCBC	UOB	35.81	38.2	Hold	Cut from $41.50
08/11/25	phillip	UOB	35.7	34.6	Neutral	GGM, PB1.23x FY25
08/11/25	Lim & Tan	UOB	35.7	0	Hold
08/11/25	JPM	UOB	35.7	36.5	Neutral
08/11/25	Citi Research	UOB	35.7	34.8	Hold
10/17/25	DBS Vickers	UOB	34.58	33.9	Hold	GGM, PB1x FY26
10/21/25	phillip	UOB	34.3	34.6	Accumulate	GGM, PB1.23x FY25
10/21/25	Citi Research	UOB	34.3	34.5	Hold
11/06/25	Lim & Tan	UOB	34.87	37.24	Accumulate on weakness
11/06/25	Citi Research	UOB	34.87	33.7	Hold
11/07/25	phillip	UOB	33.9	30.4	Neutral	GGM, PB1.08x FY25
11/07/25	DBS Vickers	UOB	33.9	33.9	Hold	GGM, PB1x FY26
11/10/25	DMG & Partners	UOB	33.86	36.1	Buy	Cut from $38.80
01/09/26	JPM	UOB	36.01	34	Neutral
01/26/26	phillip	UOB	39.5	36.7	Neutral
01/27/26	CIMB	UOB	38.5	40.9	Hold	GGM
02/16/26	Citi Research	UOB	38.47	39	Hold	GGM, PB1.3x FY26
02/24/26	DBS Vickers	UOB	38.8	35.7	Hold	GGM, PB1.1x FY26
02/24/26	Lim & Tan	UOB	38.8	0	Hold
02/25/26	OCBC	UOB	37.2	41	Hold
02/26/26	phillip	UOB	36.98	37	Neutral	GGM, PB1.26x FY26
03/20/26	Lim & Tan	UOB	37.16	39	Accumulate on weakness

United Hampshire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/25	Amfrasers	United Hampshire	0.49	0.6	Outperform	DDM
08/14/25	UOB Kay Hian	United Hampshire	0.485	0.7	Buy	DDM
01/29/26	Phillip	United Hampshire	0.54	0.69	Buy	DDM
02/20/26	Lim & Tan	United Hampshire	0.56	0.69	Hold
02/23/26	UOB Kay Hian	United Hampshire	0.56	0.72	Buy	DDM
02/23/26	Phillip	United Hampshire	0.56	0.69	Buy	DDM
03/09/26	Amfrasers	United Hampshire	0.52	0.69	Outperform	DDM
03/23/26	Phillip	United Hampshire	0.515	0.69	Buy	DDM

UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/25	UOB Kay Hian	UMS	1.07	1.21	Buy	PER17.6x FY25
03/04/25	DBS Vickers	UMS	1.07	1.31	Buy	PER18x FY25
03/04/25	Lim & Tan	UMS	1.07	1.16	Hold
03/04/25	Kim Eng	UMS	1.07	1.16	Buy	PER14x FY25/26
04/10/25	DBS Vickers	UMS	0.93	1.31	Buy	PER18x FY25
04/22/25	UOB Kay Hian	UMS	1.02	1.21	Buy	PER17.6x FY25
05/13/25	DBS Vickers	UMS	1.05	1.31	Buy	PER18x FY25
05/13/25	Lim & Tan	UMS	1.05	1.23	Accumulate
05/14/25	UOB Kay Hian	UMS	1.12	1.32	Buy	PER17.5x FY26
05/14/25	DBS Vickers	UMS	1.12	1.38	Buy	PER18.8x FY25/26
05/16/25	Kim Eng	UMS	1.15	1.19	Buy
06/12/25	UOB Kay Hian	UMS	1.21	1.32	Buy	PER17.5x FY26
07/16/25	UOB Kay Hian	UMS	1.39	1.73	Buy	PER23x FY26
07/22/25	Kim Eng	UMS	1.46	1.59	Buy
07/25/25	DBS Vickers	UMS	1.48	1.84	Buy	PER25x FY25/26
08/05/25	UOB Kay Hian	UMS	1.54	1.73	Buy	PER23x FY26
08/14/25	DBS Vickers	UMS	1.48	1.84	Buy	PER25x FY25/26
08/14/25	Kim Eng	UMS	1.48	1.59	Buy
08/25/25	CIMB	UMS	1.38	1.87	Add	Up from $1.06
10/03/25	Lim & Tan	UMS	1.45	0	Sell/Avoid
10/17/25	DBS Vickers	UMS	1.36	1.84	Buy	PER25x FY25/26
10/29/25	UOB Kay Hian	UMS	1.45	1.73	Buy	PER23x FY26
11/03/25	DMG & Partners	UMS	1.48	1.85	Buy
11/10/25	DBS Vickers	UMS	1.51	1.85	Buy	PER25x FY26
11/11/25	UOB Kay Hian	UMS	1.52	1.66	Buy	PER23x FY26
11/11/25	CIMB	UMS	1.52	1.77	Add	PER
11/12/25	DMG & Partners	UMS	1.44	1.86	Buy
11/12/25	Kim Eng	UMS	1.44	1.59	Buy
01/09/26	DBS Vickers	UMS	1.43	1.85	Buy	PER25x FY26
02/10/26	DBS Vickers	UMS	1.32	1.85	Buy	PER25x FY26
03/02/26	DBS Vickers	UMS	1.45	1.48	Buy	PER25x FY26, Ex-Bonus 1-for-4
03/03/26	UOB Kay Hian	UMS	1.5	1.8	Buy	PER28.4x FY26
03/03/26	DBS Vickers	UMS	1.5	1.83	Buy	PER30x FY26
03/03/26	CIMB	UMS	1.5	1.88	Add	PER
03/03/26	Kim Eng	UMS	1.5	1.88	Buy	PER25x FY26/27
03/04/26	Lim & Tan	UMS	1.53	1.88	Accumulate

Stock calls for 23 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/23/26	JPM	DBS	57.14	70	Overweight
03/23/26	phillip	Elite ComReit	0.34	0.41	Buy	DDM
03/23/26	Macquarie	Haw Par	15.9	20.6	outperform
03/23/26	Lim & Tan	Mapletree Logistics	1.21	1.45	Accumulate on weakness
03/23/26	UOB Kay Hian	Prime US Reit	0.168	0.21	Buy	DDM
03/23/26	phillip	Prime US Reit	0.168	0.32	Buy	DDM
03/23/26	Lim & Tan	Seatrium	2.37	2.7	Accumulate on weakness
03/23/26	DBS Vickers	Singtel	5.21	5.36	Hold	Sum of parts (10% disc)
03/23/26	Phillip	Stoneweg Reit	1.53	1.89	Buy	DDM
03/23/26	UOB Kay Hian	Suntec Reit	1.5	1.71	Buy	DDM
03/23/26	Phillip	United Hampshire	0.515	0.69	Buy	DDM