The Iran war situation report. - Part 87

Trump has done his TACO again by retracting his 20% Hormuz toll. Hahaha!

Since he has retracted his 20% Hormuz toll, he has to harden his stance by threatening to bomb energy and water infrastructure so that he won't lose his face.  However, he will also TACO on this threat because Iran will destroy the energy and water infracture in the gulf states including Israel for retaliatory attacks.

Trust me, the gulf states and Israel will collapse faster than Iran when they don't have energy to use and water to consume.

Thus, we are very confident that Trump will TACO again.

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/30/25	DBS Vickers	Ascendas India Trust	1.17	1.5	Buy	DDM
11/03/25	OCBC	Ascendas India Trust	1.21	1.42	Buy	DDM
01/02/26	DBS Vickers	Ascendas India Trust	1.22	1.5	Buy	DDM
02/02/26	Lim & Tan	Ascendas India Trust	1.24	1.43	Accumulate
02/03/26	DBS Vickers	Ascendas India Trust	1.27	1.5	Buy	DDM
02/03/26	OCBC	Ascendas India Trust	1.27	1.38	Buy	DDM
02/26/26	OCBC	Ascendas India Trust	1.21	1.37	Buy	DDM
04/24/26	OCBC	Ascendas India Trust	1.05	1.3	Buy	DDM

Ascott Residence Trust (ART) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	UOB Kay Hian	ART	0.895	1.56	Buy	DDM
08/04/25	Kim Eng	ART	0.89	1.05	Buy	DDM
08/05/25	DBS Vickers	ART	0.905	1.15	Buy	DCF
08/28/25	Lim & Tan	ART	0.875	1.08	Accumulate
09/01/25	UOB Kay Hian	ART	0.885	1.56	Buy	DDM
10/29/25	DBS Vickers	ART	0.955	1.15	Buy	DCF
10/29/25	Lim & Tan	ART	0.955	1.06	Accumulate
10/30/25	UOB Kay Hian	ART	0.96	1.56	Buy	DDM
10/30/25	Phillip	ART	0.96	1.05	Buy	DDM
12/01/25	UOB Kay Hian	ART	0.945	1.56	Buy	DDM
12/08/25	DBS Vickers	ART	0.935	1.15	Buy	DCF
01/30/26	DBS Vickers	ART	0.965	1.15	Buy	DCF
01/30/26	Lim & Tan	ART	0.965	1.11	Accumulate
01/30/26	CIMB	ART	0.965	1.18	Add
02/02/26	Phillip	ART	0.98	1.08	Accumulate	DDM
02/03/26	UOB Kay Hian	ART	0.98	1.42	Buy	DDM
02/09/26	Kim Eng	ART	0.97	1.05	Buy	DDM
02/09/26	OCBC	ART	0.97	1.01	Buy
02/09/26	CIMB	ART	0.97	1.18	Add
02/09/26	DBS Vickers	ART	0.97	1.15	Buy
04/01/26	UOB Kay Hian	ART	0.88	1.42	Buy	DDM
04/27/26	OCBC	ART	0.905	0.95	Buy
04/28/26	Phillip	ART	0.9	1.08	Buy	DDM
04/28/26	Lim & Tan	ART	0.9	1.08	Accumulate
04/28/26	CIMB	ART	0.9	1.13	Add	DDM
05/29/26	OCBC	ART	0.895	0.95	Buy
05/29/26	Lim & Tan	ART	0.895	1.08	Accumulate
07/06/26	UOB Kay Hian	ART	0.895	1.42	Buy	DDM

ARA Hospitality (Acrophyte) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/29/26	Lim & Tan	ARA Hospitality (Acrophyte)	0.2	0	Accumulate

Stock calls for 15 July 2026

Date	Analyst	Company	Last	Target	Call	Valuation
07/15/26	DMG & Partners	Capitaland Integrated Commercial Trust	2.43	2.75	Buy	DDM
07/15/26	DMG & Partners	Comfortdelgro	1.33	1.45	Buy	DCF
07/15/26	phillip	DBS	72.03	76	Accumulate
07/15/26	DMG & Partners	First Resources	3.38	3.7	Buy
07/15/26	DMG & Partners	Frencken	2.76	3.57	Buy
07/15/26	DBS Vickers	Keppel Reit	0.875	1.05	Buy
07/15/26	Lim & Tan	Ley Choon	0.086	0	Buy
07/15/26	phillip	OCBC	27.88	28.5	Accumulate
07/15/26	DMG & Partners	OCBC	27.88	29.8	Buy
07/15/26	DMG & Partners	Singtel	4.44	5.4	Buy
07/15/26	DMG & Partners	ST Engineering	10.64	12.3	Buy
07/15/26	DMG & Partners	Tai Sin Electric	0.54	0.75	Buy
07/15/26	DMG & Partners	Thai Beverage	0.435	0.56	Buy
07/15/26	DBS Vickers	UI Boustead	0.82	1.05	Buy
07/15/26	DMG & Partners	UMS	2.56	3.37	Buy
07/15/26	phillip	UOB	44.38	43	Neutral
07/15/26	DMG & Partners	UOB	44.38	41.3	Neutral
07/15/26	DBS Vickers	UOL	9.34	13	Buy	RNAV (25% disc)
07/15/26	DMG & Partners	Venture	16.57	21.81	Buy

The latest global fund manager survey by BOA.

Key findings from the July survey in more detail:

• Investor sentiment rose to its highest level since February, reflecting optimism about ​economic growth, AI-related capital expenditure and expectations for easier monetary ​policy.

• A record 54% of respondents expect a "no landing" scenario for the global ‌economy, ⁠while only 2% anticipate a hard landing.

• U.S. equity allocations were raised to the highest overweight position since December 2024.

• Long global semiconductor stocks remained the market's most crowded trade for a third consecutive ​month, cited by ​82% of ⁠investors.

• While some investors trimmed technology positions in July, none reported being short the sector.

• 61% of respondents ​say hyperscalers are unlikely to cut capital expenditure ​this year, ⁠versus 28% expecting reductions.

• AI bubble risks rose to the top spot among largest tail risk facing markets, pointed to by 45% of ⁠respondents.

• 83% ​do not expect the Fed to ​raise interest rates before the U.S. midterm elections in November.

• Investors cut their end-2026 oil ​price forecast to $71 a barrel from $86 in June.

US inflation had eased in June 2026.

 
Since the US inflation has started to ease in June, it is unlikely for the US Fed to hike its rates in July 2026.

The Iran war situation report. - Part 86

Just as we're projected in our last post, NOT a single country came out to openly oppose the Hormuz toll imposed by the US.

Trump is using this Hormuz toll and maritime blockage to replace his airstrikes against Iran so that the other gulf states won't suffer retaliatory strikes from Iran due to his reckless decision.  We can see that the US is reducing its airstrikes against Iran from the recent announcements.

APAC Realty -Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	Lim & Tan	APAC Realty	0.565	0.66	Accumulate
08/11/25	DBS Vickers	APAC Realty	0.635	0.8	Buy	PER13x FY25/26
08/12/25	Lim & Tan	APAC Realty	0.705	0.8	Accumulate
09/01/25	Lim & Tan	APAC Realty	0.735	0.82	Accumulate	PER15.5x FY25/26
09/15/25	DMG & Partners	APAC Realty	0.88	0.8	Neutral
10/10/25	DBS Vickers	APAC Realty	0.695	0.8	Buy	PER13x FY25/26
02/24/26	DBS Vickers	APAC Realty	0.665	0.7	Hold	Sum of parts
02/24/26	Lim & Tan	APAC Realty	0.665	0	Accumulate on weakness
03/12/26	Lim & Tan	APAC Realty	0.58	0.66	Accumulate	PER15.5x FY26
03/17/26	Lim & Tan	APAC Realty	0.56	0.71	Accumulate
04/23/26	DMG & Partners	APAC Realty	0.61	0.7	Neutral
06/08/26	DMG & Partners	APAC Realty	0.55	0.7	Buy

Aoxin Q&M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/08/26	UOB Kay Hian	Aoxin Q&M	0.26	0.36	Buy	PER52.5x FY27
07/09/26	UOB Kay Hian	Aoxin Q&M	0.23	0.36	Buy	PER52.5x FY27