IHH Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/21/25	DBS Vickers	IHH Healthcare	2.04	2.48	Buy	Ringgit $8.20 target price, Sum of parts
06/02/25	DBS Vickers	IHH Healthcare	2.1	2.48	Buy	Ringgit $8.20 target price, Sum of parts
09/02/25	DBS Vickers	IHH Healthcare	2.08	2.61	Buy	Ringgit $8.60 target price, Sum of parts
11/27/25	DBS Vickers	IHH Healthcare	2.51	2.61	Buy	Ringgit $8.60 target price, Sum of parts
11/28/25	DBS Vickers	IHH Healthcare	2.6	2.88	Buy	Ringgit $9.20 target price, Sum of parts
03/03/26	DBS Vickers	IHH Healthcare	2.89	3.26	Buy	Ringgit $10.10 target price, Sum of parts

Ifast Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/12/25	DBS Vickers	Ifast Corp	7.75	10.88	Buy	DCF
04/10/25	DBS Vickers	Ifast Corp	6.2	10.88	Buy	DCF
04/28/25	Lim & Tan	Ifast Corp	7.19	9.42	Hold
04/29/25	UOB Kay Hian	Ifast Corp	6.35	7.28	Buy	PER25x FY25
04/29/25	DBS Vickers	Ifast Corp	6.35	9.22	Buy	DCF
05/05/25	Lim & Tan	Ifast Corp	6.3	7	Hold
06/30/25	UOB Kay Hian	Ifast Corp	6.6	7.28	Buy	PER25x FY25
07/28/25	DBS Vickers	Ifast Corp	7.42	9.22	Buy	Sum of parts & DCF
07/29/25	UOB Kay Hian	Ifast Corp	8.17	9.92	Buy	PER29x FY26
07/29/25	DBS Vickers	Ifast Corp	8.17	10	Buy	Sum of parts & DCF
10/27/25	DBS Vickers	Ifast Corp	9.23	10	Buy	Sum of parts & DCF
10/27/25	Lim & Tan	Ifast Corp	9.23	10	Hold
10/28/25	UOB Kay Hian	Ifast Corp	9.81	11.12	Buy	PER32x FY26
10/28/25	DBS Vickers	Ifast Corp	9.81	12	Buy	Sum of parts & DCF
10/28/25	CIMB	Ifast Corp	9.81	11.7	Add	Sum of parts
10/28/25	Aletheia Capital	Ifast Corp	9.81	11.5	Buy	Up from $10.50
10/31/25	Kim Eng	Ifast Corp	9.72	11.95	Buy	PER29.5x FY26
01/06/26	DBS Vickers	Ifast Corp	9.57	12	Buy	Sum of parts & DCF
01/15/26	Aletheia Capital	Ifast Corp	9.72	13.5	Buy
02/13/26	DBS Vickers	Ifast Corp	9.78	12	Buy	Sum of parts & DCF
02/16/26	UOB Kay Hian	Ifast Corp	9.39	11.77	Buy	PER32x FY26
02/16/26	DBS Vickers	Ifast Corp	9.39	12.15	Buy	Sum of parts
03/10/26	UOB Kay Hian	Ifast Corp	8.67	11.77	Buy	PER32x FY26
03/20/26	DBS Vickers	Ifast Corp	8.78	12.15	Buy	Sum of parts
03/30/26	DMG & Partners	Ifast Corp	9.22	12.2	Buy
04/23/26	DMG & Partners	Ifast Corp	9.6	12.2	Buy
04/24/26	DBS Vickers	Ifast Corp	9.49	12.15	Buy	Sum of parts
04/24/26	Lim & Tan	Ifast Corp	9.49	12.21	Accumulate
04/27/26	UOB Kay Hian	Ifast Corp	9	11.77	Buy	PER32x FY26

Hyphens Pharma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/25	Phillip	Hyphens Pharma	0.28	0.35	Buy	DCF
03/12/25	SAC Capital	Hyphens Pharma	0.28	0.46	Buy
07/18/25	Lim & Tan	Hyphens Pharma	0.33	0.35	Accumulate on weakness
08/21/25	CIMB	Hyphens Pharma	0.29	0.43	Add	DCF
08/25/25	Phillip	Hyphens Pharma	0.315	0.4	Buy	DCF
03/05/26	Phillip	Hyphens Pharma	0.315	0.4	Buy	DCF

Stock calls for 7 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/07/26	Lim & Tan	AIMS AMP Cap Ind Reit	1.52	1.65	Accumulate on weakness
05/07/26	UOB Kay Hian	ASL Marine	0.375	0.43	Buy	PER12x FY27
05/07/26	CIMB	Cenurion Accommodation	1.12	1.39	Add	DDM
05/07/26	Kim Eng	Frencken	2.81	3.4	Buy	PER
05/07/26	DBS Vickers	Kimly	0.395	0.52	Buy	DCF & PER18x
05/07/26	DMG & Partners	Manulife US Reit	0.057	0.06	Neutral	DDM
05/07/26	UOB Kay Hian	Marco Polo	0.16	0.19	Buy	PER20.5x FY26
05/07/26	UOB Kay Hian	Seatrium	2.37	3.15	Buy
05/07/26	Amfrasers	Toku	0.25	0.39	Outperform	DCF
05/07/26	Lim & Tan	UOB	36.65	39	Accumulate
05/07/26	UOB Kay Hian	Yangzijiang Shipping	4.14	4.75	Buy	PER10x FY26

The Iran war situation report. - Part 57

The US had backed down by suspending its Project Freedom operation because some of its combat ships were hit by Iran while trying to execute the escort operation.

The US has lost the Iran war already, just like it lost the North Korea and Vietnam wars.

It is pretty clear now that the US is unable to control the strait of Hormuz or unblock it.  Thus, the US is trying very hard to negotiate with Iran over a peace deal now as it doesn't want to exit the war like a beaten dog with its tail between its legs.

In the end, Iran has once again debunked the myth that a mid-size country can't defeat the US.  It looks like the US has to accede to several Iran's demands to end the war or else the peace deal can't be achieved.  Let's watch how this will unfold.  Last but not least, the balance of power in the middle east will shift towards Iran after the war.

Hutchison Port (HPH) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/02/25	DBS Vickers	Hutchison Port	0.149	0.18	Buy	DCF
05/13/25	DBS Vickers	Hutchison Port	0.148	0.18	Buy	DCF
06/16/25	DBS Vickers	Hutchison Port	0.16	0.18	Buy	DCF
07/23/25	Lim & Tan	Hutchison Port	0.184	0	Hold
07/24/25	DBS Vickers	Hutchison Port	0.192	0.22	Buy	DCF
08/14/25	DBS Vickers	Hutchison Port	0.21	0.22	Buy	DCF
02/06/26	DBS Vickers	Hutchison Port	0.215	0.26	Buy	DCF

Huationg Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/26	UOB Kay Hian	Huationg Global	0.845	1.15	Buy	PER11x FY26
03/11/26	UOB Kay Hian	Huationg Global	0.825	1.23	Buy	PER11x FY26
05/04/26	UOB Kay Hian	Huationg Global	0.88	1.23	Buy	PER11x FY26

HRnetGroup - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/25	Phillip	HRnetGroup	0.695	0.78	Accumulate
08/15/25	CIMB	HRnetGroup	0.715	0.71	Hold	PER
08/19/25	Phillip	HRnetGroup	0.715	0.78	Accumulate
10/28/25	DMG & Partners	HRnetGroup	0.745	0.85	Buy
12/12/25	DMG & Partners	HRnetGroup	0.715	0.85	Buy
01/30/26	DMG & Partners	HRnetGroup	0.745	0.85	Buy
02/27/26	Phillip	HRnetGroup	0.74	0.82	Accumulate
02/27/26	CIMB	HRnetGroup	0.74	0.78	Add	PER
02/27/26	DMG & Partners	HRnetGroup	0.74	0.84	Buy
03/17/26	DMG & Partners	HRnetGroup	0.725	0.83	Buy
04/20/26	Kim Eng	HRnetGroup	0.76	0.87	Buy

Stock calls for 6 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/06/26	Kim Eng	Addvalue	0.142	0.31	Buy	P/S
05/06/26	DBS Vickers	Cenurion Accommodation	1.1	1.3	Buy	DCF
05/06/26	Lim & Tan	Cenurion Accommodation	1.1	1.31	Accumulate
05/06/26	Lim & Tan	CSE Global	1.36	1.6	Accumulate
05/06/26	phillip	Ever Glory Uinited Holdings	0.8	1.05	Buy	PER18x FY27
05/06/26	DBS Vickers	First Resources	3.75	5	Buy	PER14x FY26
05/06/26	UOB Kay Hian	Frasers Logistics	0.99	1.3	Buy	DDM
05/06/26	CIMB	Frasers Logistics	0.99	1.1	Add	DDM
05/06/26	CIMB	Keppel Infrastructure	0.535	0.6	Add	DDM
05/06/26	DBS Vickers	UOB	36.28	35.7	Hold	GGM, PB1.1x FY26
05/06/26	UOB Kay Hian	Venture	16.48	20.65	Buy	PER23.7x FY27
05/06/26	DBS Vickers	Venture	16.48	21.8	Buy	PER24x FY27
05/06/26	Kim Eng	Venture	16.48	21.4	Buy	PER
05/06/26	phillip	Wee Hur	0.735	1.08	Buy	Sum of parts