Red alert for bitcoin (BTC)! - Part 18

We've stated previously that cryptocurrencies including BTC have no meaninful purpose in any mainstream payment system because of its fundamentally flawed design.

The cold wallet hack has raised the crypto security issue again because this is not a direct online hack (not attacking the wallet holder directly).

Furthermore, there was a recent incident of a ridiculous processing fee of over US$160K for a ZERO BTC transfer transaction that won't happen in any existing mainstream payment system (non-crypto).  The worst part was this BTC transaction was irreversible because the processing fee had been awarded to the processing nodes in the the blockchain network already.

The above erroneous transaction of a ZERO amount transfer with ridiculous processing fee is not acceptable in any merchant or cross border transaction and the crypto payment system won't become a mainstream payment system due to its flawed design.  Therefore, only CDBC and Qucurrency are the future mainstream payment systems.

The Iran war situation report. - Part 101

The US has shifted its goalposts again and again.  Initially, the US attacked Iran illegally on the premise of nuclear weapons.  Then, it shifted to the reopening of the strait of hormuz.  Now, it is the lowering of the oil prices.

This illegal Iran war has changed the middle east politics and power already.  The middle east has formed a new military alliance that comprises Pakistan, Saudi Arabia and Turkey and this new Islamic alliance will replace the US to become the new deterrence force in the middle east.

This new islamic alliance will become a formidable force because Pakistan has china weapons and nuclear bombs,  Saudi has monies and Turkey has the advanced western weapons.  We foresee more islamic counties will join this new alliance in the future and the US will have no choice but to fade out from the middle east.

Who will feel threatened by this new Islamic alliance?

Israel and India will be directly threatened by this alliance because India will think twice before waging any war against Pakistan and Israel can't bully any islamic country anymore in the middle east.

We're happy to see the formation of this new Islamic alliance because it is time for the middle east to stand on its feet independently now.  Cheers!

The US consumption had crashed!

 US retail sales had crashed!

We had stated previously that the US consumption was unsustainable when we analyzed the US GDP and the latest US retail sales had corroborated our previous analysis.

https://sg-stock.blogspot.com/2026/07/the-us-q2-gdp-is-worse-than-q1-and-us.html

The US inflation expectation had risen in August because of the intensification  of the Iran war.

This doesn't bode well for the US economy because the US consumption won't rebound in an ever rising inflation phenomenon.

Baltic dry index - 2863

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 593

 
Related stock: Seatrium & Cosco.

Hyphens Pharma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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

Hutchison Port (HPH) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
02/06/26	uSMART	Hutchison Port	0.215	0.25	Buy
06/29/26	uSMART	Hutchison Port	0.186	0.19	Hold
07/22/26	DBS Vickers	Hutchison Port	0.189	0.26	Buy	DCF
07/22/26	Lim & Tan	Hutchison Port	0.189	0.23	Accumulate

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
06/03/26	UOB Kay Hian	Huationg Global	0.785	1.23	Buy	PER11x FY26
08/04/26	UOB Kay Hian	Huationg Global	0.735	1.23	Buy	PER11x FY26

Stock calls for 14 August 2026

Date	Analyst	Company	Last	Target	Call	Valuation
08/14/26	UOB Kay Hian	AEM	10.98	12.99	Buy	PER35.5x FY27
08/14/26	DBS Vickers	AEM	10.98	14.6	Buy	PER42x FY27
08/14/26	CIMB	AEM	10.98	14.79	Add	PER43x FY27
08/14/26	Kim Eng	AEM	10.98	13.5	Buy
08/14/26	Lim & Tan	Capitaland Investment	2.75	3.39	Accumulate
08/14/26	Kim Eng	Centurion	1.6	1.78	Buy
08/14/26	DBS Vickers	China Aviation Oil	1.58	2.5	Buy	PER14x FY26
08/14/26	CIMB	City Developments	8.2	12.11	Add	RNAV
08/14/26	Lim & Tan	City Developments	8.2	10.5	Accumulate
08/14/26	DBS Vickers	Frencken	2.79	3.76	Buy	PER35x FY27
08/14/26	Kim Eng	Frencken	2.79	3.4	Buy	PER
08/14/26	UOB Kay Hian	Genting	0.625	0.7	Hold	EV/Ebitda7x FY26
08/14/26	DBS Vickers	Genting	0.625	0.67	Hold	EV/Ebitda6.9x FY26
08/14/26	UOB Kay Hian	Hong Leong Asia	3.18	4.7	Buy	Sum of parts
08/14/26	DBS Vickers	Nanofilm	1.21	1.65	Buy	PER30x FY26/27
08/14/26	phillip	Nordic Group	0.545	0.68	Buy	DCF
08/14/26	OCBC	Nordic Group	0.545	0.6	Buy	PER
08/14/26	DBS Vickers	PanUnited	1.58	1.88	Buy	PER18x FY27/28
08/14/26	Kim Eng	Propnex	1.82	1.95	Hold	PER
08/14/26	CIMB	Sembcorp Industries	5.59	7.15	Add	PER
08/14/26	UOB Kay Hian	Singtel	4.27	5.5	Buy	Sum of parts
08/14/26	CIMB	Singtel	4.27	5.16	Add	RNAV
08/14/26	DMG & Partners	Singtel	4.27	5.4	Buy
08/14/26	CIMB	Soilbuild Construction	0.59	1.1	Add	Sum of parts
08/14/26	UOB Kay Hian	ST Engineering	10.36	11.75	Buy	PER27x FY28
08/14/26	CIMB	Starhub	1.1	0.87	Reduce	GGM
08/14/26	DMG & Partners	Starhub	1.1	1	Neutral
08/14/26	MorningStar	Starhub	1.1	1.1	2-star
08/14/26	DBS Vickers	UMS	2.7	3.17	Buy	PER38x FY27
08/14/26	DBS Vickers	UOL	9.55	13	Buy	RNAV (25% disc)
08/14/26	CIMB	Wilmar	3.71	3.6	Hold	PER
08/14/26	DMG & Partners	Wilmar	3.71	3.85	Neutral

Red alert for bitcoin (BTC)! - Part 17

Just as we've stated in Part 16, there's no real utility in the mainstream payment system for crypto including BTC because CBDC (see above) and Qucurrency will be adopted for their security, speed and cost.

In view of the above, polymarket traders are betting that BTC will continue to fall further.

HRnetGroup - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
07/07/26	CIMB	HRnetGroup	0.74	0.78	Hold	PER

Hour Glass - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/16/26	Amfrasers	Hour Glass	2.61	3.94	outperform	DCF

HongKong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/19/25	Lim & Tan	Hongkong Land	6.65	6.97	Buy
09/29/25	DBS Vickers	Hongkong Land	6.25	7.6	Buy	RNAV (31% disc)
11/21/25	Lim & Tan	Hongkong Land	6.3	7.5	Accumulate
11/21/25	DBS Vickers	Hongkong Land	6.3	7.7	Buy	RNAV (31% disc)
11/24/25	MorningStar	Hongkong Land	6.33	7.1	4-Star
12/12/25	Lim & Tan	Hongkong Land	6.93	7.5	Accumulate on weakness
12/15/25	MorningStar	Hongkong Land	7.15	7.4	3-Star	Up from $7.10
02/04/26	DBS Vickers	Hongkong Land	8.67	10.13	Buy	RNAV (15% disc)
03/06/26	Lim & Tan	Hongkong Land	8.15	9.09	Accumulate on weakness
03/09/26	DBS Vickers	Hongkong Land	8.38	10.17	Buy	RNAV (15% disc)
03/20/26	Lim & Tan	Hongkong Land	8.28	9.42	Accumulate on weakness
04/29/26	Lim & Tan	Hongkong Land	7.89	10.07	Accumulate
05/20/26	Lim & Tan	Hongkong Land	7.96	10.24	Accumulate
07/29/26	DBS Vickers	Hongkong Land	7.89	9.89	Buy	RNAV (25% disc)
07/29/26	Lim & Tan	Hongkong Land	7.89	10.3	Accumulate

Stock calls for 13 August 2026

Date	Analyst	Company	Last	Target	Call	Valuation
08/13/26	Lim & Tan	APAC Realty	0.62	0.68	Accumulate	PER
08/13/26	Uob Kay Hian	Capitaland Integrated Commercial Trust	2.49	3.06	Buy	DDM
08/13/26	OCBC	Capitaland Investment	2.73	3.58	Buy
08/13/26	DBS Vickers	Centurion	1.7	1.86	Buy	Sum of parts
08/13/26	Lim & Tan	Centurion	1.7	1.82	Accumulate
08/13/26	DBS Vickers	Food Empire	2.51	3.05	Buy	Sum of parts, Ex-bonus (1 for 5)
08/13/26	Lim & Tan	Food Empire	2.51	3.31	Buy
08/13/26	OCBC	Info-Tech System	0.965	1.35	Buy	PER16x FY27
08/13/26	CIMB	Info-Tech System	0.965	1.35	Add	PER16x FY27
08/13/26	DBS Vickers	NTT DC Reit	0.94	1.3	Buy	DCF
08/13/26	UOB Kay Hian	Riverstone	0.85	1.21	Buy	PER24x FY27
08/13/26	DBS Vickers	ST Engineering	10.28	12.4	Buy	PER33x FY26/27
08/13/26	DBS Vickers	Ultragreen	1.33	2	Buy	PER26x FY26
08/13/26	CIMB	UOL	10.17	12.83	Add	RNAV
08/13/26	UOB Kay Hian	Wilmar	3.94	3.5	Hold	Sum of parts
08/13/26	DBS Vickers	Wilmar	3.94	3.6	Hold	PER12.2x FY26