Search This Blog

Monday, April 13, 2026

China Sunsine - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

03/04/25

UOB Kay Hian

China Sunsine

0.48

0.58

Buy

PER7.5x FY25

03/26/25

UOB Kay Hian

China Sunsine

0.52

0.63

Buy

PER7.5x FY25

04/10/25

UOB Kay Hian

China Sunsine

0.5

0.63

Buy

PER7.5x FY25

05/27/25

UOB Kay Hian

China Sunsine

0.57

0.63

Buy

PER7.5x FY25

06/03/25

UOB Kay Hian

China Sunsine

0.55

0.63

Buy

PER7.5x FY25

07/02/25

UOB Kay Hian

China Sunsine

0.55

0.63

Buy

PER7.5x FY25

09/03/25

UOB Kay Hian

China Sunsine

0.745

0.75

Buy

PER9.4x FY26

11/05/25

Lim & Tan

China Sunsine

0.7

0.75

Watchlist


11/21/25

UOB Kay Hian

China Sunsine

0.795

0.95

Buy

PER11x FY26

02/02/26

UOB Kay Hian

China Sunsine

0.73

0.95

Buy

PER11x FY26

03/03/26

UOB Kay Hian

China Sunsine

0.705

0.7

Hold

PER9x FY26



China Aviation Oil - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

03/07/25

Phillip

China Aviation Oil

0.86

0.85

Neutral

DCF

03/07/25

OCBC

China Aviation Oil

0.86

1.1

Buy


03/10/25

Lim & Tan

China Aviation Oil

0.865

1

Accumulate


04/16/25

Phillip

China Aviation Oil

0.83

0.85

Neutral

DCF

05/30/25

Phillip

China Aviation Oil

0.83

0.9

Accumulate

DCF

07/08/25

Lim & Tan

China Aviation Oil

0.915

0

Accumulate


07/16/25

Phillip

China Aviation Oil

0.976

0.9

Accumulate

DCF

07/30/25

OCBC

China Aviation Oil

1.15

1.4

Buy


08/18/25

Phillip

China Aviation Oil

1.23

1.5

Buy

DCF

08/19/25

CIMB

China Aviation Oil

1.22

1.45

Add


09/17/25

Phillip

China Aviation Oil

1.39

1.5

Buy


10/10/25

CIMB

China Aviation Oil

1.33

1.52

Add

PER

10/17/25

Phillip

China Aviation Oil

1.28

1.5

Buy


10/29/25

DBS Vickers

China Aviation Oil

1.32

1.75

Buy

PER10.8x FY26

01/09/26

Lim & Tan

China Aviation Oil

1.65

1.8

Accumulate


01/14/26

UOB Kay Hian

China Aviation Oil

1.74

2.09

Buy

PER14.5x FY26

02/02/26

UOB Kay Hian

China Aviation Oil

1.75

2.09

Buy

PER14.5x FY26

03/09/26

UOB Kay Hian

China Aviation Oil

1.83

2.63

Buy

PER15x FY26

03/12/26

Phillip

China Aviation Oil

1.95

2.53

Buy

PER11.2x FY26

03/18/26

DBS Vickers

China Aviation Oil

2.03

2.5

Buy

PER14x FY26



CH Offshore - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

07/30/25

Lim & Tan

CH Offshore

0.019

0.02

Take Profit




Stock calls for 13 April 2026

Date

Analyst

Company

Last

Target

Call

Valuation

04/13/26

Lim & Tan

Delfi

1.14

1.02

Accumulate on weakness


04/13/26

DBS Vickers

Far East Orchard

1.21

2

Unrated

RNAV (30% disc)

04/13/26

Kim Eng

Sing Investments & Finance

1.57

2.11

Buy

PB

04/13/26

Kim Eng

Singtel

4.88

5.25

Buy

Sum of parts



The latest US inflation report is really bad.

 US inflation (YOY): 3.3%

The US inflation had spiked to 3.3% due to the energy crisis caused by the Iran war.

Consequently, the US inflation expectation (1-yr) is projected to rise to 4.8%.  This will definitely cause the US consumption to fall in the future.


The US consumer sentiment had declined significant and this might indicate a significant cutback in consumer spending in the future too.  Subsequently, the US GDP growth will be greatly affected because the US derives 2/3 of its economic growth from US consumption.

Sunday, April 12, 2026

Singapore minister Vivian has screwed up again! - Part 3

The US has just imposed a blockage of the strait of hormuz.


We hope that FM Vivian will use his warped principle of UNCLOS on the US too to insist on a free sea passage and not just on Iran.

The international law principle is that the international law is only applicable to a country that has signed up for it unless it is directed by the UN.  For example, when a country is not an ICC member, the ICC laws are not applicable to that country.

Both the US and Iran are not UNCLOS members and UNCLOS laws are not applicable to them or legally binding for them.  Let's see if FM Vivian will treat the US and Iran equally or he will have double standards between Iran and the US.

The Iran war situation report. - Part 46

Let's look at what happened over this weekend.

Iran and US delegates arrived in Pakistan on 11 April 2026.

However, the ceasefire talk fell out and both parties left Pakistan on 12 April 2026.


What happened next thereafter?

The US has just imposed the blockade of the strait of hormuz with immediate effect after the failure of the ceasefire talk.

This means Iran and US will block the strait of hormuz individually now.

Saturday, April 11, 2026

Singapore minister Vivian has screwed up again! - Part 2

We're proven right when we said that FM Vivian made his 2nd major blunder in his political career.

Malaysia had been deeply offended by FM Vivian's remarks.  Basically, FM Vivian had offended all the UNCLOS members that had negotiated with Iran for the Hormuz passage.

These UNCLOS members were right to fight for the interest of their citizens by negotiating with Iran but FM Vivian preferred to impose his warped legal principle to denigrate others implicitly.

Let us give some simple explanations of UNCLOS and the Laws of War (IHL).

UNCLOS only regulates peacetime maritime navigations and resources but doesn't govern wartime maritime blockages.  Therefore, only the laws of war (IHL) governs maritime blockages in the case of the strait of hormuz as it is located right in front of a war zone (Iran).

In short, FM Vivian was wrong to cite UNCLOS as a legitimate principle to demand for a safe maritime passage in the strait of hormuz during a wartime.  By citing UNCLOS and imposing his warped principle, FM Vivian had offended all the other UNCLOS members that had negotiated with Iran.


It seems that our FM Vivian has to learn more about international laws before he gives his comments in the future.  Singapore (SG) has to be more sensitive towards its neighbour Malaysia because SG is heavily invested in the JB-SG SEZ.  I believe SG doesn't want the CLOB saga 1997 to happen again for the SEZ.  Many SG investors lost a lot of monies when Malaysia terminated CLOB unilaterally.

Friday, April 10, 2026

The Iran war situation report. - Part 45

Iran didn't send its negotiation team to Islamabad to discuss the ceasefire deal with the US today.  This means that there is no ceasefire for the next 2 weeks.

Furthermore, Israel had no real intention of any ceasefire because it had started to bomb the China's BRI route in Iran.

Conversely, Qatar had started to boot out the US military because it was more of a liability than a shield.  Consequently, Saudi also had stated that it won't join the US to attack Iran.  Therefore, there are only 3 gulf states (Kuwait, UAE and Bahrain) that are supporrting the US attacks against Iran.


Last but not least, the truth of the Iranian protestors had come out.

The Iranian protestors were also armed by the US and the Iranian police were right to kill those protestors.

Cenurion Accommodation - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

09/19/25

Lim & Tan

Cenurion Accommodation

0.88

0

Subscribe


10/28/25

UOB Kay Hian

Cenurion Accommodation

1.08

1.23

Buy

DDM

11/06/25

DBS Vickers

Cenurion Accommodation

1.04

1.3

Buy

DCF

11/27/25

Kim Eng

Cenurion Accommodation

1.19

1.27

Buy

DDM

12/08/25

DBS Vickers

Cenurion Accommodation

1.1

1.3

Buy

DCF

01/05/26

UOB Kay Hian

Cenurion Accommodation

1.12

1.23

Buy

DDM

01/14/26

Lim & Tan

Cenurion Accommodation

1.14

1.25

Accumulate


01/19/26

DBS Vickers

Cenurion Accommodation

1.12

1.3

Buy

DCF

01/22/26

CIMB

Cenurion Accommodation

1.1

1.38

Add

DDM

02/11/26

DBS Vickers

Cenurion Accommodation

1.12

1.3

Buy

DCF

02/25/26

UOB Kay Hian

Cenurion Accommodation

1.13

1.55

Buy

DDM

02/25/26

CIMB

Cenurion Accommodation

1.13

1.39

Add

DDM

03/10/26

UOB Kay Hian

Cenurion Accommodation

1.06

1.55

Buy

DDM



Centurion - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

03/04/25

UOB Kay Hian

Centurion

1.02

1.11

Buy

PER8.7x FY25

03/06/25

UOB Kay Hian

Centurion

1.01

1.16

Buy

PER8.7x FY25

03/07/25

Phillip

Centurion

1.08

1.22

Accumulate

DCF

03/12/25

Lim & Tan

Centurion

1

1.2

Accumulate


04/01/25

Kim Eng

Centurion

1.25

1.45

Buy


04/04/25

Lim & Tan

Centurion

1.23

1.45

Accumulate on weakness


04/08/25

UOB Kay Hian

Centurion

1.07

1.16

Buy

PER8.7x FY25

04/11/25

Amfrasers

Centurion

1.13

1.38

Outperform

DCF

04/14/25

UOB Kay Hian

Centurion

1.12

1.48

Buy

PER10.6x FY25

04/24/25

DMG & Partners

Centurion

1.18

1.17

Buy


04/30/25

DMG & Partners

Centurion

1.22

1.43

Buy


05/15/25

Lim & Tan

Centurion

1.25

1.45

Accumulate


05/16/25

CIMB

Centurion

1.26

1.46

Add

RNAV

05/21/25

Phillip

Centurion

1.34

1.45

Accumulate

DCF & EV/Ebitda9.2x FY25

05/27/25

UOB Kay Hian

Centurion

1.34

1.48

Buy

PER10.6x FY25

05/27/25

DMG & Partners

Centurion

1.34

1.5

Buy

PER

05/29/25

DBS Vickers

Centurion

1.42

1.72

Buy

RNAV (20% disc)

06/12/25

Lim & Tan

Centurion

1.53

0

Accumulate on weakness


06/24/25

UOB Kay Hian

Centurion

1.55

1.7

Buy

PER13.3x FY25

07/15/25

Lim & Tan

Centurion

1.75

1.7

Accumulate on weakness


07/21/25

Phillip

Centurion

1.73

1.88

Accumulate

Sum of parts

07/22/25

CIMB

Centurion

1.61

2.05

Add


07/24/25

DMG & Partners

Centurion

1.7

2.01

Buy

Sum of parts

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