Aztech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	UOB Kay Hian	Aztech	0.645	0.58	Hold	PER12x FY26
08/06/25	DBS Vickers	Aztech	0.65	0.66	Hold	PER14x FY25
10/16/25	UOB Kay Hian	Aztech	0.675	0.58	Hold	PER12x FY26
10/16/25	DBS Vickers	Aztech	0.675	0.66	Hold	PER14x FY25
10/16/25	Lim & Tan	Aztech	0.675	0	Hold
10/16/25	CIMB	Aztech	0.675	0.66	Hold
10/21/25	Kim Eng	Aztech	0.635	0.61	Hold	PER
01/23/26	Lim & Tan	Aztech	0.655	0	Hold
02/27/26	DBS Vickers	Aztech	0.67	0.67	Hold	PER12x FY27
03/04/26	CIMB	Aztech	0.745	0.78	Hold	PER
03/12/26	DBS Vickers	Aztech	0.81	0.67	Hold	PER12x FY27
04/29/26	UOB Kay Hian	Aztech	0.875	1.32	Buy	PER20x FY27
04/29/26	DBS Vickers	Aztech	0.875	0.93	Hold	PER15x FY27
04/29/26	CIMB	Aztech	0.875	1.14	Add	PER
07/29/26	UOB Kay Hian	Aztech	0.83	0.73	Hold	PER19x FY27
07/29/26	DBS Vickers	Aztech	0.83	0.66	Hold	PER18x FY27

Azeus - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/22/26	uSMART	Azeus	9.81	9.45	Hold

Avepoint - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/06/25	DBS Vickers	Avepoint	19.11	28	Buy	EV/Sales 11x
11/10/25	DBS Vickers	Avepoint	17.6	28	Buy	EV/Sales 11x
03/02/26	DBS Vickers	Avepoint	13.8	20	Buy	EV/Sales 7x
05/11/26	DBS Vickers	Avepoint	13.3	20	Buy	EV/Sales 7x
10/06/26	Phillip	Avepoint	17.98	20	Accumulate	DCF

Stock calls for 19 October 2026

Date	Analyst	Company	Last	Target	Call	Valuation
10/19/26	Kim Eng	AIMS AMP Cap Ind Reit	1.39	1.62	Buy	DDM
10/19/26	DMG & Partners	AIMS AMP Cap Ind Reit	1.39	1.66	Buy	DDM
10/19/26	Phillip	Amova-STC Asia Reit	0.732	0.765	Accumulate	Cut from $0.795
10/19/26	UOB Kay Hian	CSE Global	0.96	1.79	Buy	PER29x FY27
10/19/26	phillip	CSOP iEdge SREIT ETF	0.67	0.715	Accumulate	Sum of parts
10/19/26	Amfrasers	Fortress Minerals	0.21	0.2	Neutral	DCF
10/19/26	Lim & Tan	FoundationHealth	0.54	0	Hold
10/19/26	DBS Vickers	OCBC	29	32.5	Buy	GGM, PB2.1x FY27
10/19/26	Kim Eng	Raffles Medical	0.82	1.09	Buy	DCF
10/19/26	DBS Vickers	UOB	41.61	42.5	Buy	GGM, PB1.3x FY27
10/19/26	DBS Vickers	Wee Hur	0.585	0.9	Buy	Sum of parts (15% disc)
10/19/26	Lim & Tan	Wee Hur	0.585	0.98	Accumulate

The cold hard truth about the Ukraine war!

 Itulia Mendel had uncovered and realized the true nature of Zelensky.

Let's do some retrospection first.

Before the war, CIA had already established that Zelensky was a corrupted man and his corruption was well-reported in the western media.  That's how we concluded that Zelensky was very corrupted before the war.

However, the US wiped off all his corruption articles online because the US wanted to turn him into a puppet to provoke Russia.  His aide had uncovered his corruption and how he plundered Ukraine during the war by selling fertile lands to the west, borrowing heavily to fund the war without the means to repay the war debts and also causing the deaths of many innocent lives (soldiers and civilians).

The aide wants Ukaine to surrender now to prevent more war debts, more deaths and more land lossses but Zelensky will definitely shut her up through unscrupulous means.  No matter what, it looks like justice is starting to prevail for Russia.

https://sg-stock.blogspot.com/2025/02/justice-has-prevailed-for-russia-with.html

Singapore NODX spiked more than 68% in September 2026.

NODX: 68.4% (YOY)

NODX: 25.5% (MOM)

The burgeoning growth of SG NODX is clearly unsustainable as depicted by the monthly chart because every sharp spike is followed by a sharp fall.

Attika - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/30/26	Amfrasers	Attika	0.165	0.312	Outperform	DCF
09/09/26	Amfrasers	Attika	0.2	0.308	Outperform	DCF

Aspial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/08/26	SAC Capital	Aspial	0.355	0.5	Buy	PER
09/02/26	SAC Capital	Aspial	0.355	0.5	Buy	PER
09/23/26	OCBC	Aspial	0.35	0.46	Buy	DDM

ASL Marine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/01/25	Lim & Tan	ASL Marine	0.083	0	Accumulate
10/14/25	Lim & Tan	ASL Marine	0.215	0.3	Buy	PER9.5x FY27
11/03/25	UOB Kay Hian	ASL Marine	0.23	0.33	Buy	PER11.6x FY26
11/10/25	Lim & Tan	ASL Marine	0.255	0.3	Buy	PER9.5x FY27
12/02/25	UOB Kay Hian	ASL Marine	0.25	0.35	Buy	PER11.6x FY26
12/02/25	Lim & Tan	ASL Marine	0.25	0.33	Buy	PER9.5x FY27
01/05/26	UOB Kay Hian	ASL Marine	0.29	0.35	Buy	PER11.6x FY26
02/02/26	UOB Kay Hian	ASL Marine	0.31	0.35	Buy	PER11.6x FY26
02/16/26	UOB Kay Hian	ASL Marine	0.32	0.43	Buy	PER12x FY27
03/04/26	Lim & Tan	ASL Marine	0.335	0.45	Buy
03/10/26	UOB Kay Hian	ASL Marine	0.285	0.43	Buy	PER12x FY27
05/07/26	UOB Kay Hian	ASL Marine	0.375	0.43	Buy	PER12x FY27
05/21/26	Lim & Tan	ASL Marine	0.365	0.45	Buy	PER12x FY27
06/19/26	Lim & Tan	ASL Marine	0.315	0.47	Buy	PER12x FY27
06/19/26	Evolve Capital	ASL Marine	0.315	0.42	Buy
08/28/26	Lim & Tan	ASL Marine	0.295	0.43	Buy
09/02/26	UOB Kay Hian	ASL Marine	0.3	0.41	Buy	PER12x FY27
09/03/26	Lim & Tan	ASL Marine	0.295	0.43	Buy
09/16/26	Evolve Capital	ASL Marine	0.29	0.38	Buy
10/14/26	Lim & Tan	ASL Marine	0.24	0.47	Buy

Stock calls for 16 October 2026

Date	Analyst	Company	Last	Target	Call	Valuation
10/16/26	Lim & Tan	APAC Realty	0.45	0.73	Accumulate
10/16/26	Uob Kay Hian	Capitaland Investment	2.38	3.93	Buy	Sum of parts
10/16/26	UOB Kay Hian	Centurion	1.26	2.1	Buy
10/16/26	UOB Kay Hian	City Developments	7.05	11.85	Buy	RNAV (30% disc)
10/16/26	Citi Research	CSE Global	0.92	1.7	Buy	PEG1x
10/16/26	DMG & Partners	Dairy Farm	3.32	4.93	Buy
10/16/26	Amfrasers	Ever Glory Uinited Holdings	0.77	1.07	Outperform	DCF
10/16/26	Phillip	Nanofilm	0.77	1.2	Buy	PER28x FY27
10/16/26	UOB Kay Hian	Propnex	1.69	2.55	Buy
10/16/26	Lim & Tan	Propnex	1.69	2.21	Accumulate
10/16/26	phillip	Raffles Education	0.08	0.2	Buy	DCF
10/16/26	Lim & Tan	UOL	7.61	12.14	Accumulate on weakness

What will the US Fed do for its upcoming October FOMC?

We had projected earlier that the US Fed would hold its rates in October FOMC.  The latest Fedwatch tool shows the same outcome as ours.

There's an 87.3% probability that the US Fed would hold its rates for October FOMC.

As the Fed had just hiked its rates in September, it would take some time for the effects to make some impacts in the market.  Therefore, the Fed can afford to wait until December to hike by 25bps or 50bps when necessary.

Furthermore, by holding the Fed's rates, Trump won't have any excuse to smear the Fed's action(hike) for his own election loss in November.  Cheers!

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/30/25	DBS Vickers	Ascendas India Trust	1.17	1.5	Buy	DDM
11/03/25	OCBC	Ascendas India Trust	1.21	1.42	Buy	DDM
01/02/26	DBS Vickers	Ascendas India Trust	1.22	1.5	Buy	DDM
02/02/26	Lim & Tan	Ascendas India Trust	1.24	1.43	Accumulate
02/03/26	DBS Vickers	Ascendas India Trust	1.27	1.5	Buy	DDM
02/03/26	OCBC	Ascendas India Trust	1.27	1.38	Buy	DDM
02/26/26	OCBC	Ascendas India Trust	1.21	1.37	Buy	DDM
04/24/26	OCBC	Ascendas India Trust	1.05	1.3	Buy	DDM
07/29/26	OCBC	Ascendas India Trust	1.02	1.32	Buy	DDM
07/30/26	DBS Vickers	Ascendas India Trust	1.05	1.5	Buy	DDM