Red alert for bitcoin (BTC)! - Part 4

Some US investment banks and hedge fund managers are starting to give very harsh warnings about bitcoin now.

Keppel DC Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/27/24	OCBC	Keppel DC Reit	2.17	2.44	Buy
01/02/25	UOB Kay Hian	Keppel DC Reit	2.18	2.64	Buy	DDM
01/03/25	Lim & Tan	Keppel DC Reit	2.21	2.37	Hold
01/20/25	CIMB	Keppel DC Reit	2.21	2.48	Add
01/27/25	Phillip	Keppel DC Reit	2.27	2.25	Neutral	DDM
01/27/25	DBS Vickers	Keppel DC Reit	2.27	2.5	Buy
01/31/25	UOB Kay Hian	Keppel DC Reit	2.15	2.53	Buy	DDM
02/17/25	DBS Vickers	Keppel DC Reit	2.1	2.5	Buy
02/17/25	Lim & Tan	Keppel DC Reit	2.1	2.44	Hold
03/06/25	UOB Kay Hian	Keppel DC Reit	2.11	2.53	Buy	DDM
03/14/25	CIMB	Keppel DC Reit	2.21	2.48	Add
03/20/25	UOB Kay Hian	Keppel DC Reit	2.17	2.55	Buy	DDM
04/04/25	UOB Kay Hian	Keppel DC Reit	2.13	2.55	Buy	DDM
04/17/25	DBS Vickers	Keppel DC Reit	2.05	2.5	Buy
04/21/25	Phillip	Keppel DC Reit	2.03	2.25	Accumulate	DDM
05/21/25	UOB Kay Hian	Keppel DC Reit	2.14	2.55	Buy	DDM
06/27/25	UOB Kay Hian	Keppel DC Reit	2.3	2.87	Buy	DDM
07/09/25	UOB Kay Hian	Keppel DC Reit	2.22	2.69	Buy	DDM
07/16/25	CIMB	Keppel DC Reit	2.24	2.48	Add
07/18/25	Kim Eng	Keppel DC Reit	2.25	2.4	Buy	DDM
07/25/25	Lim & Tan	Keppel DC Reit	2.26	2.46	Accumulate on weakness
07/28/25	Phillip	Keppel DC Reit	2.32	2.33	Neutral	DDM
07/28/25	DBS Vickers	Keppel DC Reit	2.32	2.6	Buy
08/01/25	UOB Kay Hian	Keppel DC Reit	2.37	2.69	Buy	DDM
09/01/25	UOB Kay Hian	Keppel DC Reit	2.36	2.69	Buy	DDM
09/23/25	UOB Kay Hian	Keppel DC Reit	2.37	2.64	Buy	DDM
09/23/25	Lim & Tan	Keppel DC Reit	2.37	2.51	Accumulate
09/24/25	UOB Kay Hian	Keppel DC Reit	2.39	2.69	Buy	DDM
10/13/25	UOB Kay Hian	Keppel DC Reit	2.39	2.69	Buy	DDM
10/27/25	Phillip	Keppel DC Reit	2.4	2.4	Neutral	DDM
10/27/25	CIMB	Keppel DC Reit	2.4	2.59	Add	DDM
11/03/25	UOB Kay Hian	Keppel DC Reit	2.39	2.65	Buy	DDM
12/01/25	UOB Kay Hian	Keppel DC Reit	2.31	2.65	Buy	DDM
12/17/25	Lim & Tan	Keppel DC Reit	2.2	2.61	Accumulate on weakness
01/13/26	Kim Eng	Keppel DC Reit	2.24	2.6	Buy	DDM
02/02/26	UOB Kay Hian	Keppel DC Reit	2.28	2.82	Buy	DDM
02/02/26	Phillip	Keppel DC Reit	2.28	2.37	Accumulate	DDM
02/02/26	DBS Vickers	Keppel DC Reit	2.28	2.6	Buy
02/02/26	Lim & Tan	Keppel DC Reit	2.28	2.63	Accumulate on weakness

Keppel Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/04/24	Lim & Tan	Keppel Corp	6.81	8.11	Accumulate
12/24/24	Lim & Tan	Keppel Corp	6.73	8.1	Accumulate
01/03/25	Phillip	Keppel Corp	6.87	7.6	Buy	Sum of parts
02/03/25	UOB Kay Hian	Keppel Corp	6.78	9.25	Buy	Sum of parts
02/05/25	Lim & Tan	Keppel Corp	6.63	8.39	Accumulate
02/07/25	Phillip	Keppel Corp	6.79	8	Buy	Sum of parts
02/07/25	DBS Vickers	Keppel Corp	6.79	9	Buy
02/07/25	CIMB	Keppel Corp	6.79	9.28	Add
04/10/25	DBS Vickers	Keppel Corp	5.66	9	Buy
04/24/25	Lim & Tan	Keppel Corp	6.4	8.22	Buy
04/25/25	UOB Kay Hian	Keppel Corp	6.59	9.25	Buy	Sum of parts
04/25/25	Phillip	Keppel Corp	6.59	8	Buy	Sum of parts
04/28/25	MorningStar	Keppel Corp	6.64	8.6	4-Star
04/28/25	CIMB	Keppel Corp	6.64	9.28	Add
06/06/25	DBS Vickers	Keppel Corp	6.97	9	Buy
06/26/25	Lim & Tan	Keppel Corp	7.4	0	Accumulate
07/17/25	CIMB	Keppel Corp	8.01	9.28	Add
08/01/25	UOB Kay Hian	Keppel Corp	8.47	9.51	Buy	Sum of parts
08/01/25	CIMB	Keppel Corp	8.47	10.23	Add	Sum of parts
08/01/25	Lim & Tan	Keppel Corp	8.47	8.89	Accumulate
08/04/25	Phillip	Keppel Corp	8.31	10.5	Buy	Sum of parts
08/06/25	Lim & Tan	Keppel Corp	8.42	9.37	Accumulate
08/12/25	UOB Kay Hian	Keppel Corp	8.58	10.46	Buy	Sum of parts
08/12/25	Phillip	Keppel Corp	8.58	10.7	Buy	Sum of parts
08/12/25	Lim & Tan	Keppel Corp	8.58	9.7	Accumulate
09/04/25	Lim & Tan	Keppel Corp	8.64	9.76	Accumulate
09/24/25	Lim & Tan	Keppel Corp	8.91	10	Accumulate
09/26/25	Lim & Tan	Keppel Corp	8.87	9.94	Accumulate
10/03/25	CIMB	Keppel Corp	9.14	10.23	Add	Sum of parts
10/10/25	JPM	Keppel Corp	9.17	12.5	Overweight
10/15/25	UOB Kay Hian	Keppel Corp	9.01	10.85	Buy	Sum of parts
10/30/25	Lim & Tan	Keppel Corp	9.89	10.14	Accumulate on weakness
10/31/25	UOB Kay Hian	Keppel Corp	10.05	11.7	Buy	PER16.8x FY26
10/31/25	CIMB	Keppel Corp	10.05	12.71	Add	PER
10/31/25	Lim & Tan	Keppel Corp	10.05	10.35	Accumulate on weakness
11/03/25	Phillip	Keppel Corp	10.19	12.2	Buy	Sum of parts
01/02/26	Lim & Tan	Keppel Corp	10.35	11.4	Accumulate
01/05/26	UOB Kay Hian	Keppel Corp	10.37	11.7	Buy	PER16.8x FY26
02/05/26	Lim & Tan	Keppel Corp	10.95	11.97	Accumulate
02/06/26	UOB Kay Hian	Keppel Corp	11.62	13.23	Buy	PER
02/09/26	Phillip	Keppel Corp	11.64	13.8	Buy	Sum of parts
02/09/26	Lim & Tan	Keppel Corp	11.64	12.3	Accumulate

Jumbo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/19/25	uSMART	Jumbo	0.28	0.34	Buy
01/12/26	Lim & Tan	Jumbo	0.29	0.35	Accumulate on weakness

Stock calls for 9 February 2026

Date	Analyst	Company	Last	Target	Call	Valuation
02/09/26	UOB Kay Hian	A-Reit	2.8	3.7	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
02/09/26	Uob Kay Hian	Capitaland Integrated Commercial Trust	2.45	2.95	Buy	DDM
02/09/26	DBS Vickers	Capitaland Integrated Commercial Trust	2.45	2.8	Buy
02/09/26	Kim Eng	Capitaland Integrated Commercial Trust	2.45	2.6	Buy
02/09/26	DMG & Partners	Capitaland Integrated Commercial Trust	2.45	2.69	Buy	DDM
02/09/26	Lim & Tan	DBS	59.3	60	Hold
02/09/26	uSMART	F&N	1.5	1.91	Hold
02/09/26	phillip	First Reit	0.27	0.29	Accumulate	DDM
02/09/26	Phillip	Keppel Corp	11.64	13.8	Buy	Sum of parts
02/09/26	Lim & Tan	Keppel Corp	11.64	12.3	Accumulate
02/09/26	Tickrs Financial	PC Partner	1.33	2.2	Buy	Sum of parts

Red alert for bitcoin (BTC)! - Part 3

Like we've stated in our earlier posts, the big whales such as crypto treasuries companies and bitcoin miners will reduce their BTC holdings to sustain their operations.  The UBS had just given its most serious warning about the crypto market (Crypto is not an asset).

Baltic dry index - 1923

Related stock: Seatrium, Cosco & Pan Ocean.