Aedge - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/30/26	Lim & Tan	Aedge	0.215	0.295	Buy

Addvalue - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/19/26	Kim Eng	Addvalue	0.083	0.12	Buy	PER35x FY27/28
03/20/26	Kim Eng	Addvalue	0.086	0.12	Buy	PER35x FY27/28
04/27/26	Kim Eng	Addvalue	0.118	0.31	Buy	P/S
05/06/26	Kim Eng	Addvalue	0.142	0.31	Buy	P/S
05/26/26	Kim Eng	Addvalue	0.166	0.34	Buy	P/S
06/09/26	UOB Kay Hian	Addvalue	0.169	0.36	Buy
07/01/26	Kim Eng	Addvalue	0.139	0.34	Buy	P/S
08/27/26	CLSA	Addvalue	0.149	0.27	Outperform
09/07/26	Kim Eng	Addvalue	0.193	0.34	Buy	P/S
10/05/26	Kim Eng	Addvalue	0.141	0.34	Buy	P/S

Ascendas Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	UOB Kay Hian	A-Reit	2.79	4.02	Buy	DDM
08/05/25	CIMB	A-Reit	2.88	3.15	Add	DDM
08/05/25	Lim & Tan	A-Reit	2.88	3.15	Accumulate on weakness
08/06/25	DMG & Partners	A-Reit	2.75	3.2	Buy	DDM
09/01/25	UOB Kay Hian	A-Reit	2.72	4.02	Buy	DDM
09/01/25	Citi Research	A-Reit	2.72	3.26	Buy
10/01/25	UOB Kay Hian	A-Reit	2.79	4.02	Buy	DDM
10/07/25	DBS Vickers	A-Reit	2.85	3.2	Buy	DCF
10/07/25	Lim & Tan	A-Reit	2.85	3.15	Accumulate on weakness
10/30/25	DMG & Partners	A-Reit	2.87	3.2	Buy	DDM
11/03/25	UOB Kay Hian	A-Reit	2.82	4.02	Buy	DDM
11/03/25	DBS Vickers	A-Reit	2.82	3.2	Buy	DCF
11/03/25	CIMB	A-Reit	2.82	3.27	Add	DDM
11/03/25	Lim & Tan	A-Reit	2.82	3.18	Accumulate on weakness
12/01/25	UOB Kay Hian	A-Reit	2.81	4.02	Buy	DDM
12/22/25	DMG & Partners	A-Reit	2.79	3.2	Buy	DDM
12/30/25	Lim & Tan	A-Reit	2.82	3.27	Accumulate on weakness
01/02/26	UOB Kay Hian	A-Reit	2.83	4.02	Buy	DDM
01/05/26	UOB Kay Hian	A-Reit	2.83	4.02	Buy	DDM
01/19/26	DBS Vickers	A-Reit	2.86	3.2	Buy	DCF
02/06/26	DBS Vickers	A-Reit	2.86	3.2	Buy	DCF
02/06/26	CIMB	A-Reit	2.86	3.21	Add	DDM
02/09/26	UOB Kay Hian	A-Reit	2.8	3.7	Buy	DDM
02/13/26	DMG & Partners	A-Reit	2.7	3.2	Buy	DDM
03/10/26	UOB Kay Hian	A-Reit	2.54	3.7	Buy	DDM
03/24/26	Lim & Tan	A-Reit	2.5	3.22	Accumulate
04/02/26	BOA	A-Reit	2.52	3.1	Buy
04/02/26	CIMB	A-Reit	2.52	3.21	Add	DDM
04/23/26	DMG & Partners	A-Reit	2.57	3	Buy	DDM
04/28/26	DBS Vickers	A-Reit	2.54	3.2	Buy	DCF
04/28/26	CIMB	A-Reit	2.54	3.12	Add	DDM
05/25/26	UOB Kay Hian	A-Reit	2.52	3.78	Buy	DDM
05/25/26	Citi Research	A-Reit	2.52	2.91	Buy	Sum of parts
06/04/26	DBS Vickers	A-Reit	2.5	3.2	Buy	DCF
06/04/26	Lim & Tan	A-Reit	2.5	3.12	Accumulate
07/02/26	DBS Vickers	A-Reit	2.46	3.2	Buy	DCF
07/09/26	CIMB	A-Reit	2.49	3.12	Add	DDM
07/16/26	Lim & Tan	A-Reit	2.49	3.11	Accumulate
07/22/26	DMG & Partners	A-Reit	2.52	3	Buy	DDM
08/06/26	DBS Vickers	A-Reit	2.57	3.2	Buy	DCF
08/06/26	CIMB	A-Reit	2.57	3.12	Add	DDM
09/10/26	UOB Kay Hian	A-Reit	2.35	3.25	Buy	DDM
10/01/26	UOB Kay Hian	A-Reit	2.26	3.25	Buy	DDM

Stock calls for 12 October 2026

Date	Analyst	Company	Last	Target	Call	Valuation
10/12/26	Amfrasers	Centurion	1.37	1.9	Outperform	DCF
10/12/26	phillip	DBS	73.36	85	Accumulate
10/12/26	UOB Kay Hian	DBS	73.36	83.6	Buy	GGM, PB3.23x FY27
10/12/26	CIMB	DBS	73.36	79.5	Add
10/12/26	Amfrasers	Deluge	0.6	1.04	Outperform	DCF
10/12/26	Lim & Tan	Deluge	0.6	0.91	Buy
10/12/26	DMG & Partners	Frasers Centrepoint Trust	2.07	2.7	Buy	DDM
10/12/26	Phillip	Frasers Logistics	0.87	1.01	Buy	DDM
10/12/26	Amfrasers	IX Biopharm	0.53	1.17	outperform	Sum of parts
10/12/26	Phillip	Lion-Phillip	0.76	0.85	Accumulate	Sum of parts
10/12/26	Lim & Tan	NTT DC Reit	0.935	1.21	Accumulate
10/12/26	phillip	OCBC	29	33.2	Accumulate
10/12/26	DBS Vickers	OUE Commercial	0.34	0.4	Buy	DCF, PB0.7x
10/12/26	Lim & Tan	ST Engineering	10.42	11.85	Accumulate
10/12/26	Phillip	Stoneweg Reit	1.5	1.89	Buy	DDM
10/12/26	uSMART	Toku	0.115	0.151	Buy
10/12/26	phillip	UOB	39.96	43	Accumulate	GGM, PB1.46x FY26

Red alert: US inflation is indeed rising! - Part 3

Michigan 1-year inflation expectation: 4.7%

All the recent inflation indicators had been showing the US inflattion would continue trend up and the US consumer sentiment had been affected (trending down) by these inflation indicators.

US consumer sentiment: 46.3 points

Thus, it is just a matter of time that the US consumers will pull back on their spendings after frontloading their essential purchases.

What about investors?

The investors are putting their money in money market funds in view of the rising inflation.  Why?

This phenomenon happens because the money market funds are starting to pay good interest yields which are considered good returns when compared to the high volatilities in the stock markets now.  Morever, these ready monies (cold hard cash) in the money market can be redeployed into the the stock markets for bottom fishing cheap valued stocks during a financial crisis.

Iran had humiliated the US by forcing 7000 US soldiers to flee the Kuwait military base overnight.

This news was widely reported by the western and the middle east media.

This was the 2nd time that the US had fled overnight in the Middle East.  The first time was in afghanistan and the 2nd time was in Kuwait.

What does this mean?

This means that the US is incapable to defend its military bases in the Gulf states anymore.  Do you still think that the US dares to launch a large scale attack against Iran now?

17Live Group - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/14/25	Phillip	17Live Group	1.05	1.28	Buy	DCF
10/13/25	Phillip	17Live Group	0.96	1.45	Buy	DCF
01/30/26	Phillip	17Live Group	0.94	1.45	Buy	DCF
03/09/26	Phillip	17Live Group	0.85	1.18	Buy	DCF
08/24/26	Phillip	17Live Group	0.8	0	Reduce

Zixin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/22/25	phillip	Zixin	0.031	0.06	Buy	DCF
11/11/25	Lim & Tan	Zixin	0.036	0.066	Buy	PER10x FY26
11/28/25	phillip	Zixin	0.034	0.055	Buy	DCF
12/01/25	Amfrasers	Zixin	0.034	0.048	Outperform	DCF
12/02/25	Lim & Tan	Zixin	0.033	0.066	Buy	PER10x FY26
04/17/26	Lim & Tan	Zixin	0.032	0.066	Buy	PER10x FY26
04/27/26	phillip	Zixin	0.033	0.055	Buy	DCF
06/02/26	Lim & Tan	Zixin	0.033	0.066	Buy	PER10x FY26
06/16/26	phillip	Zixin	0.031	0.06	Buy	DCF
06/24/26	Amfrasers	Zixin	0.031	0.069	Outperform	DCF
07/17/26	Lim & Tan	Zixin	0.032	0.065	Buy