Ultragreen - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/03/25	UOB Kay Hian	Ultragreen	1.45	2	Buy	PER24x FY26
01/16/26	UOB Kay Hian	Ultragreen	1.65	2	Buy	PER24x FY26
01/26/26	DBS Vickers	Ultragreen	1.68	2.05	Buy	PER26x FY26
02/02/26	UOB Kay Hian	Ultragreen	1.68	2	Buy	PER24x FY26
02/19/26	DBS Vickers	Ultragreen	1.68	2.05	Buy	PER26x FY26
03/02/26	DBS Vickers	Ultragreen	1.7	2	Buy	PER26x FY26
03/04/26	UOB Kay Hian	Ultragreen	1.58	1.95	Buy	PER26x FY26

UI Boustead - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/09/26	Lim & Tan	UI Boustead	0.88	0	Subscribe

Tiong Woon - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/25	UOB Kay Hian	Tiong Woon	0.575	0.87	Buy
06/23/25	UOB Kay Hian	Tiong Woon	0.58	0.64	Buy	PB0.45X FY25
07/10/25	UOB Kay Hian	Tiong Woon	0.695	0.64	Buy	PB0.45X FY25
08/29/25	Lim & Tan	Tiong Woon	0.775	0	Buy
09/02/25	UOB Kay Hian	Tiong Woon	0.785	0.73	Hold	PB0.5x FY26
01/16/26	CIMB	Tiong Woon	0.865	1.23	Add
01/20/26	UOB Kay Hian	Tiong Woon	0.93	1.11	Buy	PB0.75x FY26
01/30/26	Lim & Tan	Tiong Woon	0.995	1.3	Buy
02/16/26	Lim & Tan	Tiong Woon	0.97	1.17	Buy
03/03/26	CIMB	Tiong Woon	1.02	1.29	Add	EV/Ebitda

Stock calls for 20 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/20/26	Kim Eng	Addvalue	0.086	0.12	Buy	PER35x FY27/28
03/20/26	DBS Vickers	AEM	3.78	4.6	Buy	PER32x FY27
03/20/26	CIMB	Delfi	0.93	0.91	Hold	PER
03/20/26	Lim & Tan	Hongkong Land	8.28	9.42	Accumulate on weakness
03/20/26	DBS Vickers	Ifast Corp	8.78	12.15	Buy	Sum of parts
03/20/26	UOB Kay Hian	LHN	0.585	0.71	Buy	PER18.2x FY26
03/20/26	DMG & Partners	Manulife US Reit	0.06	0.06	Neutral	DDM
03/20/26	Amfrasers	Q&M	0.56	0.65	outperform	DCF
03/20/26	UBS	ST Engineering	11.14	12.6	Buy
03/20/26	Lim & Tan	Suntec Reit	1.46	1.48	Hold
03/20/26	Lim & Tan	UOB	37.16	39	Accumulate on weakness

The Iran war situation report. - Part 22

The Israel government got busted again!  However, Israel is getting better in producing fake AI videos now.

The latest news conference is a fake AI video.  No wonder there was no live camera panning between Netanyahu and the journalists. We had highlighted this point in our previous post Part 21.

Let's look at what's real now!

F35 was detected by a china radar and was shot down by an Iranian missile.

F35 will think twice about flying into the Iranian airspace now.  Hahaha!

The Iran war situation report. - Part 21

"Netanyahu" had just conducted a news conference but we still had some doubt about him because the news conference was set up in a very weird manner.  Why?

There was no live camera panning between Netanyahu and the journalists and the journalists didn't have any ID tags on them.  The uploaded news conference only showed individual camera screens between Netanyahu and the journalists, and didn't show them in the same screen.

Please look at the screenshots below (Individual camera views between Netanyahu and the journalists, and the journalists without ID tags).

In the end, we have some reservation about this "Netanyahu" and this man may be just a double of the real Netanyahu because there is no valid reason for the Israel government to do so many fake AI videos to prove that Netanyahu is still alive.  What's the purpose behind the fake AI videos?  Nothing is achieved through the fake AI videos at all.  However, the fake AI videos will allow the Israel government to buy time to train the fake Netanyahu for this upcoming news conference.

Thomson Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/25	Lim & Tan	Thomson Medical	0.06	0.049	Hold
09/03/25	Phillip	Thomson Medical	0.06	0.074	Buy	Sum of parts
09/03/25	Kim Eng	Thomson Medical	0.06	0.047	Hold
02/12/26	Kim Eng	Thomson Medical	0.062	0.062	Hold	Sum of parts
02/16/26	Phillip	Thomson Medical	0.05	0.071	Accumulate	Sum of parts

The Assembly Place - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/22/26	Amfrasers	The Assembly Place	0.23	0.35	Outperform	DCF

Thakral - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/02/25	Phillip	Thakral	1.52	2.04	Buy	PER8.4x FY25
06/18/25	Lim & Tan	Thakral	1.44	2.04	Accumulate
08/25/25	Phillip	Thakral	1.43	2.12	Buy	Sum of parts
11/24/25	Phillip	Thakral	1.67	2.12	Buy	Sum of parts
03/06/26	Phillip	Thakral	1.84	2.56	Buy	Sum of parts

Stock calls for 19 March 2026

Date	Analyst	Company	Last	Target	Call	Valuation
03/19/26	DBS Vickers	Bumitama	1.66	1.9	Buy	PER16.4x FY26
03/19/26	DMG & Partners	Frencken	2.06	2.56	Buy
03/19/26	Amfrasers	Geo Energy	0.525	1.02	outperform	DCF
03/19/26	UOB Kay Hian	Keppel Pacific	0.19	0.26	Buy	DDM
03/19/26	DBS Vickers	Singtel	5.13	5.71	Buy	Sum of parts (10% disc)

What will the Fed do for the upcoming March FOMC? - Part 2

The US Fed has stayed put on its rates as expected.  However, the economic projections have revealed something unpleasant.

The PCE and core PCE are projected to increase to 2.7%.  This means that US inflation is spiking.

What's the Fed going to do then?

As the US economic growth is weakening and the US inflation is rising, the US Fed has indicated only 1 rate cut for 2026 according to the dot plot chart below.

The Iran war situation report. - Part 20

The netizens have debunked the Israel's government new video about Netanyahu again.

The US is preparing to exit the Iran war at the appropriate time now.  The US exit will be very devastatting for Israel because it is left alone to fight Iran and Iran will intensify its attack against Israel when the US is no longer around.  The anglo-saons have beaten the Jews this time!

Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/24/25	CIMB	Thai Beverage	0.52	0.58	Add
05/13/25	DBS Vickers	Thai Beverage	0.515	0.63	Buy	PER16x FY25
05/13/25	Phillip	Thai Beverage	0.515	0.56	Accumulate	PER12x FY25
05/13/25	UOB Kay Hian	Thai Beverage	0.515	0.51	Hold	Sum of parts
06/16/25	DMG & Partners	Thai Beverage	0.515	0.69	Buy	Sum of parts
06/16/25	UOB Kay Hian	Thai Beverage	0.46	0.45	Hold	Sum of parts
06/23/25	DBS Vickers	Thai Beverage	0.445	0.63	Buy	PER16x FY25
06/23/25	Phillip	Thai Beverage	0.445	0.56	Buy	PER12x FY25
07/22/25	Kim Eng	Thai Beverage	0.475	0.45	Hold
08/15/25	DBS Vickers	Thai Beverage	0.475	0.63	Buy	PER16x FY25
08/15/25	CIMB	Thai Beverage	0.475	0.56	Add	PER
09/02/25	DMG & Partners	Thai Beverage	0.465	0.65	Buy	Sum of parts
10/27/25	DBS Vickers	Thai Beverage	0.495	0.63	Buy	PER16x FY25
11/10/25	DBS Vickers	Thai Beverage	0.475	0.63	Buy	PER16x FY25
11/27/25	DBS Vickers	Thai Beverage	0.465	0.62	Buy	PER14x FY26
11/27/25	Kim Eng	Thai Beverage	0.465	0.43	Hold
11/27/25	CIMB	Thai Beverage	0.465	0.58	Add	Sum of parts
11/27/25	DMG & Partners	Thai Beverage	0.465	0.62	Buy	Sum of parts
12/01/25	Phillip	Thai Beverage	0.465	0.53	Accumulate	PER12x FY26
12/22/25	DMG & Partners	Thai Beverage	0.46	0.62	Buy	Sum of parts
01/08/26	Aletheia Capital	Thai Beverage	0.465	0.39	Sell
01/20/26	DBS Vickers	Thai Beverage	0.465	0.62	Buy	PER14x FY26
01/30/26	UOB Kay Hian	Thai Beverage	0.48	0.45	Hold
02/13/26	DMG & Partners	Thai Beverage	0.47	0.62	Buy	Sum of parts
02/16/26	DBS Vickers	Thai Beverage	0.47	0.62	Buy	PER14x FY26
02/19/26	Kim Eng	Thai Beverage	0.475	0.43	Hold

Telechoice - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/29/25	Phillip	Telechoice	0.164	0.215	Buy	PER15x FY25
11/20/25	Phillip	Telechoice	0.18	0.215	Buy	PER15x FY25
03/12/26	Phillip	Telechoice	0.185	0.275	Buy	PER15x FY26

Suntec Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/25	UOB Kay Hian	Suntec Reit	1.12	1.18	Hold	DDM
04/01/25	UOB Kay Hian	Suntec Reit	1.18	1.18	Hold	DDM
04/25/25	DBS Vickers	Suntec Reit	1.16	1.15	Hold
04/25/25	Lim & Tan	Suntec Reit	1.16	1.25	Hold
04/28/25	Phillip	Suntec Reit	1.15	1.33	Buy	DDM
04/29/25	CIMB	Suntec Reit	1.14	1.26	Hold
04/29/25	CIMB	Suntec Reit	1.14	1.17	Hold
05/21/25	UOB Kay Hian	Suntec Reit	1.13	1.18	Hold	DDM
06/16/25	DMG & Partners	Suntec Reit	1.14	1.35	Buy
06/23/25	Phillip	Suntec Reit	1.12	1.33	Buy	DDM
06/27/25	UOB Kay Hian	Suntec Reit	1.13	1.3	Hold	DDM
07/25/25	DBS Vickers	Suntec Reit	1.18	1.15	Hold
07/25/25	Lim & Tan	Suntec Reit	1.18	1.22	Hold
07/28/25	Phillip	Suntec Reit	1.19	1.36	Buy	DDM
08/01/25	UOB Kay Hian	Suntec Reit	1.16	1.31	Hold	DDM
08/07/25	DBS Vickers	Suntec Reit	1.2	1.4	Buy
08/21/25	JPM	Suntec Reit	1.23	1.45	Overweight
09/01/25	UOB Kay Hian	Suntec Reit	1.32	1.31	Hold	DDM
09/05/25	DBS Vickers	Suntec Reit	1.3	1.4	Buy
09/09/25	DMG & Partners	Suntec Reit	1.35	1.48	Buy
10/27/25	DBS Vickers	Suntec Reit	1.37	1.4	Buy
10/31/25	DMG & Partners	Suntec Reit	1.35	1.6	Buy
10/31/25	OCBC	Suntec Reit	1.35	1.3	Hold
11/03/25	Phillip	Suntec Reit	1.34	1.4	Accumulate	DDM
01/23/26	DBS Vickers	Suntec Reit	1.42	1.6	Buy
01/23/26	Lim & Tan	Suntec Reit	1.42	1.37	Hold
01/26/26	Phillip	Suntec Reit	1.46	1.63	Buy	DDM
01/26/26	UOB Kay Hian	Suntec Reit	1.46	1.47	Hold	DDM
01/26/26	DBS Vickers	Suntec Reit	1.46	1.6	Buy
01/26/26	CIMB	Suntec Reit	1.46	1.58	Add	DDM
01/26/26	OCBC	Suntec Reit	1.46	1.43	Hold
03/10/26	DBS Vickers	Suntec Reit	1.33	1.6	Buy