Hot news: PM Sanae is corrupted!

PM Sanae is not going to last long in her position.  This scandal won't be exposed if she had not offended China. Hahaha!

Riverstone - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/25	DMG & Partners	Riverstone	1.07	1.22	Buy	DCF, PER20x FY25
02/24/25	DMG & Partners	Riverstone	1	1.2	Buy	DCF, PER20x FY25
02/25/25	UOB Kay Hian	Riverstone	0.99	1.16	Buy	PER20x FY25
02/25/25	DMG & Partners	Riverstone	0.99	1.18	Buy	DCF, PER19x FY25
05/08/25	DMG & Partners	Riverstone	0.935	1.08	Buy
05/09/25	UOB Kay Hian	Riverstone	0.855	0.82	Hold	PER18x FY25
05/13/25	DMG & Partners	Riverstone	0.765	0.95	Buy	DCF
06/19/25	UOB Kay Hian	Riverstone	0.675	0.71	Hold	PER16x FY25
07/01/25	DMG & Partners	Riverstone	0.67	0.95	Buy	DCF
10/08/25	UOB Kay Hian	Riverstone	0.755	0.98	Buy	PER20x FY26
10/14/25	CIMB	Riverstone	0.82	0.91	Add	PER
11/12/25	UOB Kay Hian	Riverstone	0.81	1.05	Buy	PER22x FY26
11/12/25	CIMB	Riverstone	0.81	0.91	Add	PER

RH Petrogas - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/05/25	UOB Kay Hian	RH Petrogas	0.156	0.254	Buy	Sum of parts
08/19/25	UOB Kay Hian	RH Petrogas	0.178	0.245	Buy	Sum of parts

Reclaims Group - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/28/25	SAC Capital	Reclaims Group	0.39	0.497	Buy

Stock calls for 4 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/04/25	Lim & Tan	City Developments	7.31	8.12	Hold
12/04/25	DBS Vickers	Dairy Farm	3.67	4.5	Buy	PER21x FY26
12/04/25	Tickrs Financial	Nanofilm	0.63	0.75	Buy
12/04/25	DBS Vickers	UOL	8.68	8.8	Buy	RNAV (40% disc)

Chinese citizens bashed PM Wong over Sino-Japan spat. - Part 8

The HK media has embarked on its scathing retorts against Singapore news media and PM Wong now because it feels disgruntled over SG smearing campaign.

Our PM Wong has offended HK, Taiwan and China now.  Sigh!

Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/05/24	DMG & Partners	Raffles Medical	0.885	0.9	Neutral	Sum of parts
01/17/25	UOB Kay Hian	Raffles Medical	0.84	1.01	Hold	PER28x FY25
01/20/25	Kim Eng	Raffles Medical	0.84	1	Hold
02/25/25	UOB Kay Hian	Raffles Medical	0.88	1.06	Buy	PER28x FY25
02/25/25	phillip	Raffles Medical	0.88	1.02	Accumulate	DCF
02/25/25	DBS Vickers	Raffles Medical	0.88	1.12	Buy	Sum of parts, PER25x
02/25/25	DMG & Partners	Raffles Medical	0.88	0.95	Neutral	Sum of parts
02/25/25	Kim Eng	Raffles Medical	0.88	1.03	Buy
04/08/25	UOB Kay Hian	Raffles Medical	0.92	1.06	Buy	PER28x FY25
04/08/25	DMG & Partners	Raffles Medical	0.92	1.08	Buy	Sum of parts
04/24/25	Kim Eng	Raffles Medical	1.01	1.13	Buy	DCF
06/11/25	Lim & Tan	Raffles Medical	0.975	1.11	Accumulate on weakness
06/23/25	DMG & Partners	Raffles Medical	0.955	1.08	Buy	Sum of parts
06/30/25	UOB Kay Hian	Raffles Medical	0.965	1.06	Buy	PER28x FY25
07/08/25	UOB Kay Hian	Raffles Medical	1	1.18	Buy	PER31x FY25
07/28/25	DBS Vickers	Raffles Medical	1.05	1.12	Buy	Sum of parts, PER25x
07/28/25	Lim & Tan	Raffles Medical	1.05	1.13	Hold
07/29/25	UOB Kay Hian	Raffles Medical	1.07	1.25	Buy	PER31x FY25
07/29/25	DBS Vickers	Raffles Medical	1.07	1.32	Buy	PER30x FY26
07/31/25	phillip	Raffles Medical	1.02	1.02	Neutral	DCF
08/06/25	DMG & Partners	Raffles Medical	1.01	1.1	Neutral	Sum of parts
10/01/25	DBS Vickers	Raffles Medical	0.98	1.32	Buy	PER30x FY26
11/26/25	DMG & Partners	Raffles Medical	0.975	1.15	Buy	Sum of parts

Q&M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/25	Kim Eng	Q&M	0.275	0.31	Hold
01/21/25	Lim & Tan	Q&M	0.28	0.35	Accumulate on weakness
02/11/25	phillip	Q&M	0.28	0.36	Buy	PER20x FY24
03/13/25	phillip	Q&M	0.29	0.4	Buy	PER18x FY25
03/28/25	Amfrasers	Q&M	0.29	0.35	outperform	DCF
04/02/25	CIMB	Q&M	0.3	0.43	Add
06/12/25	CIMB	Q&M	0.4	0.49	Add
08/18/25	CIMB	Q&M	0.43	0.49	Add	PER
08/18/25	Kim Eng	Q&M	0.43	0.31	Hold
08/20/25	phillip	Q&M	0.465	0.545	Buy	PER25x FY26
10/17/25	Lim & Tan	Q&M	0.47	0.49	Buy

Propnex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/17/24	DBS Vickers	Propnex	0.94	0.95	Hold
01/07/25	DBS Vickers	Propnex	0.945	1.15	Buy	PER15x FY25
01/22/25	UOB Kay Hian	Propnex	1.07	1.18	Buy	PER14.6x FY25
01/22/25	OCBC	Propnex	1.07	1.14	Hold	DCF
02/25/25	Lim & Tan	Propnex	1.13	1.17	Hold
02/26/25	UOB Kay Hian	Propnex	1.14	1.3	Buy	PER17.6x FY25
02/26/25	DBS Vickers	Propnex	1.14	1.25	Buy	PER15x FY25
02/27/25	phillip	Propnex	1.13	1.33	Buy	DCF
03/04/25	UOB Kay Hian	Propnex	1.12	1.3	Buy	PER17.6x FY25
03/18/25	Lim & Tan	Propnex	1.12	1.25	Accumulate
03/26/25	DBS Vickers	Propnex	1.14	1.25	Buy
04/08/25	UOB Kay Hian	Propnex	1	1.3	Buy	PER17.6x FY25
05/27/25	UOB Kay Hian	Propnex	1.05	1.3	Buy	PER17.6x FY25
06/16/25	phillip	Propnex	1.07	1.33	Buy	DCF
07/14/25	UOB Kay Hian	Propnex	1.21	1.35	Buy	PER17.6x FY25/26
07/16/25	Lim & Tan	Propnex	1.23	1.375	Accumulate on weakness
08/13/25	phillip	Propnex	1.64	2.02	Buy	DCF
08/13/25	UOB Kay Hian	Propnex	1.64	2	Buy	PER19.5x FY25/26
08/13/25	CIMB	Propnex	1.64	1.77	Add	PER
08/18/25	DBS Vickers	Propnex	2.03	2.15	Buy

Stock calls for 3 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/25	Lim & Tan	Centurion	1.34	1.78	Accumulate
12/03/25	DBS Vickers	Nam Cheong	0.785	1.25	Buy	PER8x FY26

The US will lose in South China Sea if it engages China in a war.

A Chinese private enterprise has developed a potent and cheap hypersonic missile that has secured China's victory in any South China Sea war.  This YKJ-1000 production cost is about US$100k.  What does this mean?  This means 1 YKJ = 10 Tomahawk = 43 SM-6 missiles.  In other words, China can launch a barrage of  YKJ missiles in any war to destroy its enemies.  If China loads YKJ with CL-20 warhead, it can destroy an aircraft carrier strike group at a very low cost.  Let's not forget that a war is about attrition and whoever can last long will be the winner.

Chinese citizens bashed PM Wong over Sino-Japan spat. - Part 7

Why are Taiwanese political analysts and politicians chastising PM Wong?

After watching so many Taiwanese bashing PM Wong online, I've reached a conclusion.  Those who understand the severity of Japanese atrocities will scold those who do not fully understand or are ignorant of the past, particularly those who try to brush the atrocities aside.

Prime US Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/25	DMG & Partners	Prime US Reit	0.17	0.23	Buy	DDM
01/13/25	UOB Kay Hian	Prime US Reit	0.166	0.33	Buy	DDM
02/20/25	DBS Vickers	Prime US Reit	0.17	0.19	Hold	PB0.3x
02/21/25	UOB Kay Hian	Prime US Reit	0.159	0.29	Buy	DDM
02/21/25	DMG & Partners	Prime US Reit	0.159	0.23	Buy	DDM
02/25/25	phillip	Prime US Reit	0.153	0.2	Buy	DDM
05/15/25	phillip	Prime US Reit	0.144	0.2	Buy	DDM
05/15/25	DBS Vickers	Prime US Reit	0.144	0.19	Hold	PB0.3x
05/15/25	DMG & Partners	Prime US Reit	0.144	0.18	Buy	DDM
07/15/25	DMG & Partners	Prime US Reit	0.165	0.23	Buy	DDM
08/15/25	phillip	Prime US Reit	0.174	0.21	Buy	DDM
09/09/25	UOB Kay Hian	Prime US Reit	0.199	0.31	Buy	DDM
09/29/25	phillip	Prime US Reit	0.2	0.3	Buy	DDM
11/03/25	DBS Vickers	Prime US Reit	0.196	0.35	Buy	PB0.65x & DCF
11/13/25	phillip	Prime US Reit	0.2	0.3	Buy	DDM