The Iran war situation report. - Part 109

The US couldn't deny its recent military asset losses because satellite images had been released.

The US couldn't continue attacking Iran illegally because Iran would retaliate by attacking the US military bases in the Gulf and the US fighter jets would either be destroyed or damaged.

The US can't pull its fighter jets out of the Gulf states as the pullout will incapacitate the US strikes against Iran.  Therefore, the US can only do limited airstrikes so that it won't provoke a harsher retaliation from Iran.  What does this show? It means that the US military operation has failed to deliver the desired outcome and it is losing the Iran war.

Q&M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
03/13/26	CIMB	Q&M	0.555	0.68	Add	PER
03/20/26	Amfrasers	Q&M	0.56	0.65	outperform	DCF
03/25/26	phillip	Q&M	0.53	0.71	Buy	PER25x FY26
04/14/26	Kim Eng	Q&M	0.6	0.64	Hold	PER
06/12/26	OCBC	Q&M	0.595	0.76	Buy
07/13/26	Lim & Tan	Q&M	0.555	0.7	Accumulate
07/16/26	phillip	Q&M	0.54	0.71	Buy	PER18x
09/04/26	CIMB	Q&M	0.505	0.76	Add	PER
09/07/26	phillip	Q&M	0.53	0.71	Buy	PER18x

Propnex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
03/03/26	phillip	Propnex	1.94	2.08	Accumulate	DCF
03/17/26	Lim & Tan	Propnex	1.67	2.31	Accumulate
08/14/26	Kim Eng	Propnex	1.82	1.95	Hold	PER
08/17/26	phillip	Propnex	1.84	2.08	Accumulate	DCF
08/17/26	DBS Vickers	Propnex	1.84	1.95	Hold	Sum of parts, PER18x

Prime US Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
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
04/07/26	DBS Vickers	Prime US Reit	0.173	0.33	Buy	PB0.65x & DCF
04/23/26	DMG & Partners	Prime US Reit	0.18	0.28	Buy	DDM
05/14/26	phillip	Prime US Reit	0.174	0.32	Buy	DDM
05/18/26	DBS Vickers	Prime US Reit	0.167	0.33	Buy	PB0.65x & DCF
05/25/26	phillip	Prime US Reit	0.161	0.32	Buy	DDM
06/22/26	phillip	Prime US Reit	0.164	0.32	Buy	DDM
07/27/26	phillip	Prime US Reit	0.155	0.32	Buy	DDM
08/17/26	phillip	Prime US Reit	0.163	0.25	Buy	DDM
08/17/26	DBS Vickers	Prime US Reit	0.163	0.33	Buy	PB0.65x & DCF

Stock calls for 11 September 2026

Date	Analyst	Company	Last	Target	Call	Valuation
09/11/26	Lim & Tan	Geo Energy	0.55	0.82	Accumulate
09/11/26	Lim & Tan	SGX	24.68	25	Hold

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
08/21/26	phillip	Phillip Sing Income ETF	1.603	1.82	Accumulate	Sum of parts

Phil AP Div Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/28/25	phillip	Phil AP Div Reit	1.191	1.29	Accumulate	Sum of parts
04/22/26	phillip	Phil AP Div Reit	0.878	1.14	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
03/18/26	Amfrasers	PC Partner	1.34	2.54	outperform	DCF
07/02/26	DBS Vickers	PC Partner	3.1	3.8	Unrated	PER12x FY27/28
08/27/26	Amfrasers	PC Partner	2.78	6.33	outperform	DCF

Stock calls for 10 September 2026

Date	Analyst	Company	Last	Target	Call	Valuation
09/10/26	UOB Kay Hian	A-Reit	2.35	3.25	Buy	DDM
09/10/26	UOB Kay Hian	ART	0.845	1.03	Buy	DDM
09/10/26	DBS Vickers	Centurion	1.58	1.86	Buy	Sum of parts
09/10/26	UOB Kay Hian	Cenurion Accommodation	1.13	1.39	Buy	DDM
09/10/26	Lim & Tan	DBS	77.5	78	Hold
09/10/26	UOB Kay Hian	Far East Hospitality	0.545	0.79	Buy	DDM
09/10/26	UOB Kay Hian	Frasers Centrepoint Trust	2.11	2.93	Buy	DDM
09/10/26	UOB Kay Hian	Frasers Logistics	0.91	0.96	Buy	DDM
09/10/26	UOB Kay Hian	Keppel DC Reit	2.18	2.77	Buy	DDM
09/10/26	UOB Kay Hian	Keppel Reit	0.855	1.05	Buy	DDM
09/10/26	UOB Kay Hian	Lendlease Reit	0.555	0.79	Buy	DDM
09/10/26	UOB Kay Hian	Mapletree Commercial	1.23	1.71	Buy	DDM
09/10/26	UOB Kay Hian	Mapletree Industrial	1.93	1.74	Hold	DDM
09/10/26	UOB Kay Hian	Mapletree Logistics	1.14	1.15	Hold	DDM
09/10/26	UOB Kay Hian	NTT DC Reit	0.945	1.29	Buy	DDM
09/10/26	UOB Kay Hian	Parkway Life	4.08	4.88	Buy	DDM
09/10/26	DMG & Partners	Raffles Medical	0.835	1.15	Buy
09/10/26	DBS Vickers	Sembcorp Industries	6.19	7.3	Buy	PER12x FY27
09/10/26	DBS Vickers	Singtel	4.56	5.46	Buy	Sum of parts (10% disc)
09/10/26	UOB Kay Hian	Suntec Reit	1.42	1.64	Buy	DDM

Parkway Life - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
08/18/25	OCBC	Parkway Life	4.03	4.85	Buy
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
04/01/26	UOB Kay Hian	Parkway Life	4	5.45	Buy	DDM
04/15/26	OCBC	Parkway Life	4	4.83	Buy
04/15/26	DBS Vickers	Parkway Life	4.02	4.75	Buy	DCF
05/04/26	DBS Vickers	Parkway Life	4.02	4.75	Buy	DCF
05/04/26	OCBC	Parkway Life	4.02	4.82	Buy
05/04/26	CIMB	Parkway Life	4.02	4.97	Add	DDM
05/04/26	Lim & Tan	Parkway Life	4.02	4.83	Accumulate on weakness
05/13/26	UOB Kay Hian	Parkway Life	3.99	5.45	Buy	DDM
07/02/26	OCBC	Parkway Life	4.04	4.8	Buy
07/13/26	DBS Vickers	Parkway Life	4.11	4.75	Buy	DCF
08/04/26	DBS Vickers	Parkway Life	4.22	4.75	Buy	DCF
08/04/26	OCBC	Parkway Life	4.22	4.8	Buy
08/04/26	Lim & Tan	Parkway Life	4.22	4.88	Accumulate