Red alert: The AI bloodbath is not over yet! - Part 2

The US secretary of treasury (Bessant) is likely to sanction China AI as more US corporates and americans dump US AI for China AI because China AI's cost performance index is nonpareil.

Moreover, Nvidia Huang is urging US firms to switch to China AI models due to their excellency.

As usual, the US has started to discredit and smear China AI before imposing any sanction.  The smearing campaign is a precursory signal of more severe measures later but China won't sit back and do nothing to protect its Chinese firms.  We are expecting tit-for-tat retaliations from China for the US sanctions.

The Iran war situation report. - Part 91

The red sea blockage has become more restrictive now as more ships (7 insofar) can't get past because the shippers know that the threat is a real danger.

Thereafter, Trump issued more threats to Iran but Iran won't be threatened by Trump.

The crude oil has spiked to above 93 because of blockages in the red sea and hormuz.

Trump can't sustain this illegal war for long because the US is running out of cash, missiles and rising inflation, particulary the US gas prices.

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/06/25	DMG & Partners	Centurion	1.79	2.01	Buy	Sum of parts
08/08/25	Lim & Tan	Centurion	1.81	1.2	Accumulate on weakness
08/11/25	CIMB	Centurion	1.69	2.04	Add	RNAV
08/13/25	Phillip	Centurion	1.78	2.01	Accumulate	Sum of parts
08/19/25	Lim & Tan	Centurion	1.71	2	Accumulate on weakness	Sum of parts
09/03/25	Lim & Tan	Centurion	1.73	2	Accumulate on weakness	Sum of parts
09/15/25	Phillip	Centurion	1.74	2.01	Accumulate	Sum of parts
10/15/25	Lim & Tan	Centurion	1.42	2.02	Accumulate on weakness	Sum of parts
10/24/25	DMG & Partners	Centurion	1.46	1.85	Buy	Sum of parts
11/06/25	uSMART	Centurion	1.38	1.8	Buy
11/17/25	Phillip	Centurion	1.38	1.81	Buy	Sum of parts
11/17/25	Lim & Tan	Centurion	1.38	1.82	Accumulate
11/20/25	UOB Kay Hian	Centurion	1.36	1.9	Buy	PER
11/24/25	Kim Eng	Centurion	1.37	1.52	Buy
12/03/25	Lim & Tan	Centurion	1.34	1.78	Accumulate
12/09/25	DMG & Partners	Centurion	1.3	1.86	Buy	Sum of parts
12/29/25	Amfrasers	Centurion	1.34	1.8	Outperform	DCF
01/16/26	Lim & Tan	Centurion	1.43	1.78	Accumulate
01/20/26	UOB Kay Hian	Centurion	1.42	1.9	Buy
01/22/26	DMG & Partners	Centurion	1.49	1.88	Buy	Sum of parts
03/03/26	UOB Kay Hian	Centurion	1.51	1.9	Buy	PER12.5x
03/12/26	Phillip	Centurion	1.44	1.81	Buy	Sum of parts
03/18/26	Lim & Tan	Centurion	1.46	1.8	Accumulate
03/27/26	Amfrasers	Centurion	1.47	1.85	Outperform	DCF
04/06/26	Lim & Tan	Centurion	1.46	1.8	Accumulate
04/20/26	Lim & Tan	Centurion	1.68	1.83	Accumulate
04/21/26	UOB Kay Hian	Centurion	1.66	1.9	Buy	PER12.4x FY26
04/23/26	DMG & Partners	Centurion	1.68	1.87	Buy	Sum of parts
04/27/26	Lim & Tan	Centurion	1.65	1.9	Accumulate
04/30/26	CIMB	Centurion	1.63	1.89	Add	RNAV
05/12/26	UOB Kay Hian	Centurion	1.61	2.1	Buy	PER12.5x FY26
05/14/26	Lim & Tan	Centurion	1.67	1.87	Accumulate
05/18/26	Phillip	Centurion	1.52	1.85	Buy	Sum of parts
06/11/26	DBS Vickers	Centurion	1.41	1.86	Buy	Sum of parts
06/18/26	Lim & Tan	Centurion	1.51	1.81	Accumulate
07/07/26	Lim & Tan	Centurion	1.48	1.84	Accumulate
07/10/26	Kim Eng	Centurion	1.48	1.69	Buy
07/13/26	DBS Vickers	Centurion	1.56	1.86	Buy	Sum of parts

CDL Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	Kim Eng	CDL Hospitality	0.8	0.7	Hold	DDM
09/24/25	DMG & Partners	CDL Hospitality	0.815	0.88	Neutral	DDM
10/31/25	CIMB	CDL Hospitality	0.82	0.87	Add	DDM
11/25/25	Lim & Tan	CDL Hospitality	0.825	0.83	Hold
12/08/25	DBS Vickers	CDL Hospitality	0.81	1	Buy
12/08/25	Citi Research	CDL Hospitality	0.81	0.8	Sell
02/02/26	DBS Vickers	CDL Hospitality	0.865	1	Buy	DCF
02/02/26	DMG & Partners	CDL Hospitality	0.865	1	Buy	DDM
02/02/26	Kim Eng	CDL Hospitality	0.865	1	Buy
02/02/26	Citi Research	CDL Hospitality	0.865	0.6	Sell	DDM & RNAV
02/03/26	Lim & Tan	CDL Hospitality	0.875	0.88	Hold
05/04/26	CIMB	CDL Hospitality	0.81	0.9	Add	DDM
06/29/26	JPM	CDL Hospitality	0.775	0.85	Neutral

CapitaRetail China - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	DBS Vickers	CapitaRetail China	0.76	0.75	Hold	DCF
09/30/25	OCBC	CapitaRetail China	0.785	0.705	Hold
10/31/25	DBS Vickers	CapitaRetail China	0.79	0.75	Hold	DCF
02/05/26	JPM	CapitaRetail China	0.79	0.78	Neutral
02/05/26	DBS Vickers	CapitaRetail China	0.785	0.75	Hold	DCF
02/06/26	OCBC	CapitaRetail China	0.78	0.655	Sell
03/25/26	OCBC	CapitaRetail China	0.635	0.655	Hold
04/15/26	JPM	CapitaRetail China	0.67	0.66	Neutral
06/29/26	JPM	CapitaRetail China	0.635	0.66	Neutral

Stock calls for 22 July 2026

Date	Analyst	Company	Last	Target	Call	Valuation
07/22/26	DMG & Partners	A-Reit	2.52	3	Buy	DDM
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
07/22/26	Lim & Tan	Innotek	0.555	0	Hold
07/22/26	DBS Vickers	UOB	42.72	35.7	Hold	GGM, PB1.1x FY26
07/22/26	CIMB	Yangzijiang Shipping	3.73	5.1	Add	PER

Red alert: The AI bloodbath is not over yet!

The US has just announced that it can sanction China AI companies for distillation theft.  Why is the real reason for the US to do this?

The truth is not to punish China for the distillation theft but the US is losing the AI competition to China.  The US AI industry will collapse when more americans are using China AI (see below) because many americans won't pay for the higher prices of US AI when the cheaper or free China AI is on par or better (look at the below chart).

Therefore, there will be heavy knee-jerk reactions to the AI stocks when the US and China start to sanction each other.  Let's watch how this will unfold.

The Iran war situation report. - Part 90

Just as we've projected in Part 89, Iran will outlast the US and the US can't defeat Iran.

The US is facing huge difficulties to sustain this illegal Iran war because it is running out of cash and missiles.

Trump will be compelled to reinstate the ceasefire deal to replenish its missiles in the middle east and also to buy more time to get more Iran war money from the congress.

Furthermore, Saudi is facing maritime blockage imposed by Houthis in the red sea.  This will reduce crude oil exports via the red sea and also will push up the crude oil prices.

Capitaland Investment - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/13/25	Lim & Tan	Capitaland Investment	2.75	3.42	Buy
08/13/25	Citi Research	Capitaland Investment	2.75	3.4	Buy
08/15/25	Uob Kay Hian	Capitaland Investment	2.72	3.49	Buy	Sum of parts
08/15/25	DBS Vickers	Capitaland Investment	2.72	3.65	Buy	Sum of parts
08/15/25	CIMB	Capitaland Investment	2.72	4.3	Add	RNAV
08/15/25	Lim & Tan	Capitaland Investment	2.72	3.38	Buy
08/18/25	Phillip	Capitaland Investment	2.7	3.65	Buy	Sum of parts
09/25/25	Lim & Tan	Capitaland Investment	2.68	3.4	Buy
10/17/25	Lim & Tan	Capitaland Investment	2.65	3.39	Buy
11/04/25	DBS Vickers	Capitaland Investment	2.66	3.65	Buy	Sum of parts
11/07/25	CIMB	Capitaland Investment	2.65	4.3	Add	RNAV
11/07/25	Lim & Tan	Capitaland Investment	2.65	3.41	Buy
11/10/25	Phillip	Capitaland Investment	2.68	3.65	Buy	Sum of parts
11/14/25	Kim Eng	Capitaland Investment	2.69	3.3	Buy	Sum of parts
11/25/25	Lim & Tan	Capitaland Investment	2.63	3.39	Buy
12/08/25	Lim & Tan	Capitaland Investment	2.61	3.39	Buy
12/23/25	Lim & Tan	Capitaland Investment	2.67	3.5	Accumulate
01/05/26	Uob Kay Hian	Capitaland Investment	2.74	3.49	Buy	Sum of parts
01/07/26	Lim & Tan	Capitaland Investment	2.76	3.39	Accumulate
01/08/26	DBS Vickers	Capitaland Investment	2.78	3.65	Buy	Sum of parts
02/10/26	Lim & Tan	Capitaland Investment	3.16	3.3	Hold
02/11/26	Uob Kay Hian	Capitaland Investment	3.17	3.49	Buy	Sum of parts
02/11/26	DBS Vickers	Capitaland Investment	3.17	3.65	Buy	Sum of parts
02/12/26	Uob Kay Hian	Capitaland Investment	3.06	4.05	Buy	Sum of parts
02/12/26	CIMB	Capitaland Investment	3.06	4.19	Add	RNAV
02/12/26	CIMB	Capitaland Investment	3.06	3.4	Buy	RNAV (20% disc)
02/16/26	Phillip	Capitaland Investment	3.12	3.69	Buy	Sum of parts
03/10/26	Uob Kay Hian	Capitaland Investment	2.82	4.05	Buy	Sum of parts
04/20/26	Lim & Tan	Capitaland Investment	2.85	3.5	Accumulate
04/29/26	DBS Vickers	Capitaland Investment	2.81	3.4	Buy	Sum of parts
04/30/26	Phillip	Capitaland Investment	2.8	3.69	Buy	Sum of parts
04/30/26	Uob Kay Hian	Capitaland Investment	2.8	3.93	Buy	Sum of parts
06/25/26	DBS Vickers	Capitaland Investment	2.51	3.4	Buy	Sum of parts
06/25/26	JPM	Capitaland Investment	2.51	4	Overweight