The Iran war situation report.

The US had abandoned the middle east countries and moved all its missile interceptors to Israel to defend Israel and this action left the middle east full exposed to Iranian missiles.  Why?  This is because Israel is running low on missile interceptors now.

Let's look at some videos that showed the Iranian missiles landed on Israel without much resistance.

The middle east countries must have left betrayed and abandoned by now because the US have fled the  US military bases in their  countries.

Furthermore, Iran had already destroyed many US military bases in the middle east and these bases were no longer in operational conditions.

Moreover, the middle east abandonment had created distrust in the US and these countries were unwilling to provide any resupply mission for the US navy for fear of being targeted by Iran.

Conversely, the US tried to sow discords in the middle east by conducting false flag operations so that they would fight among themselves.  This corroborated what Henry Kissinger had stated before: Being an enemy of the USA can be dangerous, but being a friend is fatal.

Although the Iranian religious leader and over 40 high officials have been killed by the US, Iran is not in disarray and it can still conduct its military strikes against Israel in a coordinated and successful way.

We can see that the US and Israel have grossly underestimated the Iranian military arsenals and things will end very badly for the US and Israel.  Will Israel become the next Gaza?  Let's see!

The ISM PMI has indicated a deeper problem in the US economy.

Missing parameter:

Estimated Local New Orders: New orders - New Export Orders = (-1.3) - 0.10 = -1.4

Estimated Local Material: Inventories - Imports = 1.2 - 4.9 = -3.7

The PMI has decreased to 52.4 (-0.2) because of declines in new orders (-1.3) and local new orders (est'd -1.4).  In short, this meant that the US consumption was weakening.

Due to the declines in orders, the production fell (-2.4), customers' inventories rose (+0.1) marginally, and inventories climbed (+1.2).

Aa the production and orders declined, backlog of orders increased.  The only shocking element was the huge spike in prices (+11.5) and this would mean that the US inflation was rearing its head again.

Although this PMI is still above 50, it denotes a deeper problem which is the price is rising in the face of weakening consumer spending.

Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/08/25	UOB Kay Hian	Raffles Medical	0.92	1.06	Buy	PER28x FY25
04/08/25	DMG & Partners	Raffles Medical	0.92	1.08	Buy	Sum of parts
04/24/25	Kim Eng	Raffles Medical	1.01	1.13	Buy	DCF
06/11/25	Lim & Tan	Raffles Medical	0.975	1.11	Accumulate on weakness
06/23/25	DMG & Partners	Raffles Medical	0.955	1.08	Buy	Sum of parts
06/30/25	UOB Kay Hian	Raffles Medical	0.965	1.06	Buy	PER28x FY25
07/08/25	UOB Kay Hian	Raffles Medical	1	1.18	Buy	PER31x FY25
07/28/25	DBS Vickers	Raffles Medical	1.05	1.12	Buy	Sum of parts, PER25x
07/28/25	Lim & Tan	Raffles Medical	1.05	1.13	Hold
07/29/25	UOB Kay Hian	Raffles Medical	1.07	1.25	Buy	PER31x FY25
07/29/25	DBS Vickers	Raffles Medical	1.07	1.32	Buy	PER30x FY26
07/31/25	phillip	Raffles Medical	1.02	1.02	Neutral	DCF
08/06/25	DMG & Partners	Raffles Medical	1.01	1.1	Neutral	Sum of parts
10/01/25	DBS Vickers	Raffles Medical	0.98	1.32	Buy	PER30x FY26
11/26/25	DMG & Partners	Raffles Medical	0.975	1.15	Buy	Sum of parts
12/22/25	DMG & Partners	Raffles Medical	1.02	1.15	Buy	Sum of parts
01/06/26	CIMB	Raffles Medical	1.01	1.23	Add	Up from $1.20
01/23/26	DMG & Partners	Raffles Medical	1.01	1.15	Buy	Sum of parts
02/13/26	DMG & Partners	Raffles Medical	1.02	1.15	Buy	Sum of parts
02/23/26	DBS Vickers	Raffles Medical	1.02	1.32	Buy	PER30x FY26
02/23/26	Lim & Tan	Raffles Medical	1.02	1.2	Accumulate on weakness
02/24/26	UOB Kay Hian	Raffles Medical	1.07	1.25	Buy	PER29.8x FY27
02/24/26	DBS Vickers	Raffles Medical	1.07	1.25	Buy	PER30x FY26
02/25/26	phillip	Raffles Medical	1.07	1.02	Neutral	DCF

Raffles Education - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/15/25	Amfrasers	Raffles Education	0.107	0.34	outperform	DCF

Q&M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/13/25	phillip	Q&M	0.29	0.4	Buy	PER18x FY25
03/28/25	Amfrasers	Q&M	0.29	0.35	outperform	DCF
04/02/25	CIMB	Q&M	0.3	0.43	Add
06/12/25	CIMB	Q&M	0.4	0.49	Add
08/18/25	CIMB	Q&M	0.43	0.49	Add	PER
08/18/25	Kim Eng	Q&M	0.43	0.31	Hold
08/20/25	phillip	Q&M	0.465	0.545	Buy	PER25x FY26
10/17/25	Lim & Tan	Q&M	0.47	0.49	Buy

Stock calls for 3 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/03/26	UOB Kay Hian	Centurion	1.51	1.9	Buy	PER12.5x
03/03/26	UOB Kay Hian	China Sunsine	0.705	0.7	Hold	PER9x FY26
03/03/26	phillip	CNMC	1.99	2.34	Buy
03/03/26	Lim & Tan	Comfortdelgro	1.49	1.7	Accumulate on weakness
03/03/26	UOB Kay Hian	CSE Global	1.29	1.43	Buy	Per25x FY26
03/03/26	CIMB	Ever Gloy Uinited Holdings	0.76	0.9	Add	PER
03/03/26	UOB Kay Hian	Frencken	2.09	2.33	Buy	PER22x FY26
03/03/26	DBS Vickers	Frencken	2.09	2.5	Buy	PER26x FY26
03/03/26	UOB Kay Hian	Hong Leong Asia	3.1	4.71	Buy	Sum of parts
03/03/26	DBS Vickers	IHH Healthcare	2.89	3.26	Buy	Ringgit $10.10 target price, Sum of parts
03/03/26	OCBC	Info-Tech System	1.08	1.3	Buy
03/03/26	CIMB	Nam Cheong	1.42	1.92	Add	PER
03/03/26	phillip	Propnex	1.94	2.08	Accumulate	DCF
03/03/26	CIMB	Riverstone	0.765	0.78	Add
03/03/26	Lim & Tan	Samudera	1.06	0	Hold
03/03/26	phillip	Sheng Siong	2.63	2.82	Accumulate	PER25x
03/03/26	UOB Kay Hian	Sheng Siong	2.63	3	Buy	PER28.5x FY26
03/03/26	CIMB	Sheng Siong	2.63	2.97	Add	PER
03/03/26	Kim Eng	Sheng Siong	2.63	2.9	Buy
03/03/26	CIMB	Tiong Woon	1.02	1.29	Add	EV/Ebitda
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

Red alert for bitcoin (BTC)! - Part 9

Why is it better to run for the BTC exit?

The US DOJ has released all the epstein files and these files indicated that Trump had raped and sexually abused young teen girls.

Moreover, the US military force is getting whacked in the Iran war because the US has underestimated the Iran's military weaponry.  The US has started to send its deceased soldiers back to the US in body bags.

The video above was captured by a China man in Israel.  The video showed that a US warship (aircraft carrier) was hit by Iranian missiles.

Why are all these affecting BTC?

Trump is a strong supporter of BTC and BTC will collapse when Trump is ousted for starting an illegal war against Iran and being a pervert.

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