The Iran war situation report. - Part 61

Let's look at some US fabrications about the Iran-US peace deal.

US proclaimed that Iran was going to surrender its enriched Uranium and also open Hormuz.  The truth was these 2 US proclamations were false.  Not only did Iran deny the surrender of its Uranium, Iran declared the imposition of the hormuz toll instead.

In the end, the US backed down from the 2 proclamations by stating that it was in no rush to sign the deal.

What Trump was doing was just to talk up the stock market and there was only a remote possibility of Iran acceding to these 2 proclamation without any war reparation.

Nam Cheong - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/23/25	DBS Vickers	Nam Cheong	0.555	1.05	Unrated
11/18/25	DBS Vickers	Nam Cheong	0.79	1.25	Buy	PER8x FY26
12/03/25	DBS Vickers	Nam Cheong	0.785	1.25	Buy	PER8x FY26
12/24/25	Lim & Tan	Nam Cheong	0.845	1.25	Watchlist
01/02/26	DBS Vickers	Nam Cheong	0.94	1.25	Buy	PER8x FY26
01/30/26	DBS Vickers	Nam Cheong	1.19	1.6	Buy	PER10x FY26
02/02/26	CIMB	Nam Cheong	1.19	1.87	Add	PER
02/24/26	DBS Vickers	Nam Cheong	1.33	1.6	Buy	PER10x FY26
03/02/26	DBS Vickers	Nam Cheong	1.39	1.6	Buy	PER10x FY26
03/03/26	CIMB	Nam Cheong	1.42	1.92	Add	PER
03/18/26	DMG & Partners	Nam Cheong	1.36	2.05	Buy
03/27/26	UOB Kay Hian	Nam Cheong	1.4	2.05	Buy
04/22/26	DBS Vickers	Nam Cheong	1.54	1.9	Buy	PER12x FY26
04/22/26	CIMB	Nam Cheong	1.54	1.92	Add	PER
04/23/26	DMG & Partners	Nam Cheong	1.58	2.05	Buy
05/18/26	DBS Vickers	Nam Cheong	1.41	1.9	Buy	PER12x FY26

MoneyMax - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/16/26	DBS Vickers	MoneyMax	0.845	1.13	Unrated	PER11.5x FY26

Metro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/23/25	Lim & Tan	Metro	0.415	0	Hold

Stock calls for 25 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/25/26	UOB Kay Hian	A-Reit	2.52	3.78	Buy	DDM
05/25/26	phillip	City Developments	8.17	11.32	Buy	RNAV (25% disc)
05/25/26	CIMB	Coliwoo	0.5	0.74	Add	DCF
05/25/26	phillip	Elite ComReit	0.34	0.41	Buy	DDM
05/25/26	Lim & Tan	Geo Energy	0.5	0.93	Buy
05/25/26	DBS Vickers	Ifast Corp	8.77	12.15	Buy	Sum of parts
05/25/26	CIMB	LHN	0.64	0.67	Hold	PER
05/25/26	phillip	Prime US Reit	0.161	0.32	Buy	DDM
05/25/26	Phillip	Singtel	4.59	5.2	Accumulate	Sum of parts
05/25/26	Phillip	Stoneweg Reit	1.52	1.89	Buy	DDM
05/25/26	Lim & Tan	UI Boustead	0.78	1.03	Accumulate

US is having a high inflation and low consumer sentiment now.

 The US 1-year inflation expectation has hit 4.8% which is the 2nd highest for the past 1 year.

The US consumer sentiment is at a record low (44.8) now since the 1960s and this doesn't bode well for the US economy because the low consumer sentiment will trigger a recession.  The high inflation and low consumer sentiment will create an economic phenomenon called STAGFLATION that economists find it hard to resolve.

Baltic dry index - 2991

 
Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 558

 Related stock: Seatrium & Cosco.

The Iran war situation report. - Part 60

How likely is the peace deal between Iran and the US?

Well, the US has to give a lot of concessions to Iran if it is really interested in a peace deal with Iran becauase the US is the illegal attacker while Iran is the victim.

It is crystal clear that Iran won't bulge on 2 points: Enriched uranium and Hormuz toll.

Iran has stated very clearly that it won't send its enriched uranium to the US.

Iran has also set up a Hormuz transit authority to oversee and manage the Hormuz passage in the future.  Subsequently, Iran is going to team up with Oman to implement a Hormuz toll system for its war reparation.

Consequently, there's no strenuous hormuz toll objections around the world because this will complicate and implicate the Ukraine reparation too.

If the US doesn't relent on these 2 issues, there won't be any peace deal and the illegal war will continue.  The US had created some chaos it couldn't resolve because the strait of hormuz was free and open before this illegal Iran war.

Metaoptics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/06/26	DBS Vickers	Metaoptics	1.03	1.8	Unrated	P/S 2x

Mermaid Maritime - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/19/25	CIMB	Mermaid Maritime	0.126	0.14	Add

Megachem - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/22/25	SAC Capital	Megachem	0.46	0.5	Hold

Stock calls for 22 May 2026

Date	Analyst	Company	Last	Target	Call	Valuation
05/22/26	DMG & Partners	CSE Global	1.55	1.94	Buy
05/22/26	Lim & Tan	Delfi	0.96	1.23	Accumulate on weakness
05/22/26	CIMB	Ever Glory Uinited Holdings	0.845	0.9	Add	PER, Ex-bonus
05/22/26	Phillip	Frencken	3.11	3.3	Accumulate	PER29x FY27
05/22/26	JPM	Keppel Corp	10.42	12.5	Overweight
05/22/26	Lim & Tan	Kingsmen Creative	0.565	0	Buy
05/22/26	JPM	Mapletree Logistics	1.18	1.4	Overweight
05/22/26	OCBC	SIA Engineering	3.16	4	Buy	PER24x FY27
05/22/26	UOB Kay Hian	Singtel	4.7	5.5	Buy	Sum of parts

Stock market alert: The stock market is getting very dicey! - Part 2

The US 20-year and 30-year bond yields have crossed the 5% rate now which are precursory signals that things don't bode well in the US treasury market.  In other words, this phenomenon denotes the low fixed-income investor confidence in the US debt market (bond price and yield are inversely related).  As the bond yield and the stock market are inversely related, the higher bond yield will cause the stock market to crash as the bond yield will compete with the stock market return (dividend yield).

Marco Polo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/25	UOB Kay Hian	Marco Polo	0.05	0.072	Buy	PER9.5x FY25
03/11/25	Lim & Tan	Marco Polo	0.05	0.0755	Buy
04/30/25	UOB Kay Hian	Marco Polo	0.042	0.066	Buy	PER9.5x FY25
05/07/25	UOB Kay Hian	Marco Polo	0.041	0.072	Buy	PER9.5x FY25
05/15/25	CIMB	Marco Polo	0.044	0.072	Add
05/16/25	CIMB	Marco Polo	0.043	0.06	Add
06/09/25	DMG & Partners	Marco Polo	0.045	0.07	Buy
07/24/25	Kim Eng	Marco Polo	0.056	0.07	Buy
08/06/25	DMG & Partners	Marco Polo	0.058	0.07	Buy
08/19/25	Lim & Tan	Marco Polo	0.065	0.065	Hold
08/20/25	UOB Kay Hian	Marco Polo	0.063	0.076	Buy
08/22/25	Lim & Tan	Marco Polo	0.069	0.082	Buy	PER10x FY26
08/27/25	UOB Kay Hian	Marco Polo	0.067	0.088	Buy	PER11.3x FY26
08/27/25	Kim Eng	Marco Polo	0.067	0.09	Buy	PER11x FY26
09/08/25	Lim & Tan	Marco Polo	0.069	0.082	Buy	PER10x FY26
09/17/25	DMG & Partners	Marco Polo	0.074	0.085	Buy
09/25/25	Lim & Tan	Marco Polo	0.076	0.086	Buy
09/26/25	UOB Kay Hian	Marco Polo	0.077	0.088	Buy	PER11.3x FY26
10/06/25	CIMB	Marco Polo	0.079	0.1	Add	PER
10/23/25	DMG & Partners	Marco Polo	0.088	0.1	Buy
10/24/25	Kim Eng	Marco Polo	0.093	0.11	Buy	PER13.5x FY26
11/14/25	CIMB	Marco Polo	0.104	0.14	Add	PER
11/14/25	Lim & Tan	Marco Polo	0.104	0.11	Buy
11/17/25	UOB Kay Hian	Marco Polo	0.107	0.138	Buy	PER16x FY26
11/18/25	Kim Eng	Marco Polo	0.109	0.13	Buy	PER14x FY26
12/01/25	CIMB	Marco Polo	0.117	0.14	Add	PER
12/01/25	DMG & Partners	Marco Polo	0.117	0.14	Buy
12/01/25	Lim & Tan	Marco Polo	0.117	0.13	Buy
12/08/25	UOB Kay Hian	Marco Polo	0.14	0.188	Buy	PER20.5x FY26
12/09/25	CIMB	Marco Polo	0.148	0.2	Add
01/09/26	Lim & Tan	Marco Polo	0.15	0.18	Accumulate
01/16/26	UOB Kay Hian	Marco Polo	0.153	0.188	Buy	PER20.5x FY26
01/19/26	DMG & Partners	Marco Polo	0.152	0.177	Buy
01/26/26	Kim Eng	Marco Polo	0.157	0.2	Buy
02/19/26	Kim Eng	Marco Polo	0.151	0.2	Buy
02/19/26	Lim & Tan	Marco Polo	0.151	0.19	Accumulate on weakness
02/23/26	DMG & Partners	Marco Polo	0.159	0.18	Buy	DCF & PER15x FY26
02/24/26	UOB Kay Hian	Marco Polo	0.163	0.19	Buy	PER20.5x FY26
03/05/26	Lim & Tan	Marco Polo	0.166	0.19	Accumulate on weakness
03/18/26	CIMB	Marco Polo	0.153	0.2	Add	PER
04/10/26	Kim Eng	Marco Polo	0.158	0.2	Buy	PER
04/23/26	DMG & Partners	Marco Polo	0.161	0.18	Buy	DCF & PER15x FY26
05/07/26	UOB Kay Hian	Marco Polo	0.16	0.19	Buy	PER20.5x FY26
05/18/26	CIMB	Marco Polo	0.187	0.21	Add	PER
05/18/26	Lim & Tan	Marco Polo	0.187	0.2	Accumulate
05/19/26	Kim Eng	Marco Polo	0.184	0.24	Buy