The fabricated Nvidia saga! - Part 4

We've been proven right in our judgement on this Nvidia saga.  The woven china spying story was just a farce because Singapore and Malaysia couldn't find any concrete evidence for the illicit chip transfer by Megaspeed.

The proximate truth is Jensen has offended somebody and that somebody is trying to oust him.  The New York Times has just published Jensen's 2nd affair after weaving the 1st story of China spying.

It looks like Jensen will be ousted successfully because he has only 3.58% stakes in Nvidia.

Golden Agri - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/18/25	OCBC	Golden Agri	0.3	0.3	Hold
04/23/26	DMG & Partners	Golden Agri	0.305	0.3	Neutral
08/18/26	OCBC	Golden Agri	0.29	0.31	Hold
10/14/26	DMG & Partners	Golden Agri	0.305	0.36	Buy
10/30/26	OCBC	Golden Agri	0.28	0.31	Hold

Geo Energy - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/04/25	Phillip	Geo Energy	0.39	0.47	Buy	DCF
09/09/25	Lim & Tan	Geo Energy	0.425	0.58	Buy
09/26/25	Phillip	Geo Energy	0.45	0.59	Buy	DCF
09/30/25	Lim & Tan	Geo Energy	0.475	0.59	Buy
11/26/25	Phillip	Geo Energy	0.43	0.59	Buy	DCF
12/23/25	Amfrasers	Geo Energy	0.43	0.76	outperform	DCF
03/02/26	Lim & Tan	Geo Energy	0.415	0.425	Hold
03/16/26	Phillip	Geo Energy	0.54	0.75	Buy	DCF
03/19/26	Amfrasers	Geo Energy	0.525	1.02	outperform	DCF
05/11/26	Lim & Tan	Geo Energy	0.61	0.8	Buy
05/18/26	Amfrasers	Geo Energy	0.58	1.27	outperform	DCF
05/25/26	Lim & Tan	Geo Energy	0.5	0.93	Buy
06/02/26	Phillip	Geo Energy	0.47	0.75	Buy	DCF
06/23/26	Lim & Tan	Geo Energy	0.435	1	Accumulate
07/20/26	Lim & Tan	Geo Energy	0.54	0.8	Accumulate
08/31/26	Phillip	Geo Energy	0.53	0.75	Buy	DCF
09/02/26	Amfrasers	Geo Energy	0.55	1.15	outperform	DCF
09/11/26	Lim & Tan	Geo Energy	0.55	0.82	Accumulate
10/06/26	Lim & Tan	Geo Energy	0.6	0.79	Buy

Genting - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/04/25	DBS Vickers	Genting	0.735	0.8	Hold	DCF & EV/Ebitda5.3x FY26
08/08/25	UOB Kay Hian	Genting	0.755	0.89	Hold	EV/Ebitda8x FY26
10/14/25	DBS Vickers	Genting	0.715	0.8	Hold	DCF & EV/Ebitda5.3x FY26
11/07/25	UOB Kay Hian	Genting	0.73	0.89	Buy	EV/Ebitda8x FY26
11/07/25	DBS Vickers	Genting	0.73	0.8	Hold	DCF & EV/Ebitda5.3x FY26
11/07/25	CIMB	Genting	0.73	0.785	Add
11/11/25	Kim Eng	Genting	0.77	1	Buy
01/05/26	UOB Kay Hian	Genting	0.725	0.89	Buy	EV/Ebitda8x FY26
01/29/26	DBS Vickers	Genting	0.73	0.8	Hold	DCF & EV/Ebitda5.3x FY26
01/29/26	CIMB	Genting	0.73	0.785	Add	EV/Ebitda
02/19/26	DBS Vickers	Genting	0.77	0.9	Buy	EV/Ebitda7.3x FY26
02/25/26	UOB Kay Hian	Genting	0.79	0.84	Hold	EV/Ebitda8x FY26
02/25/26	DBS Vickers	Genting	0.79	0.85	Buy	EV/Ebitda7.3x FY26
02/25/26	CIMB	Genting	0.79	0.76	Hold	EV/Ebitda
03/24/26	Lim & Tan	Genting	0.67	0.85	Accumulate
04/23/26	DBS Vickers	Genting	0.7	0.85	Buy	EV/Ebitda7.3x FY26
05/13/26	UOB Kay Hian	Genting	0.69	0.75	Hold	EV/Ebitda7.7x FY26
05/13/26	DBS Vickers	Genting	0.69	0.67	Hold	EV/Ebitda7.3x FY26
05/13/26	CIMB	Genting	0.69	0.67	Hold	EV/Ebitda
06/03/26	OCBC	Genting	0.6	0.77	Buy
07/23/26	DBS Vickers	Genting	0.63	0.67	Hold	EV/Ebitda7.3x FY26
08/14/26	UOB Kay Hian	Genting	0.625	0.7	Hold	EV/Ebitda7x FY26
08/14/26	DBS Vickers	Genting	0.625	0.67	Hold	EV/Ebitda6.9x FY26
10/22/26	DBS Vickers	Genting	0.605	0.67	Hold	EV/Ebitda6.9x FY26

Stock calls for 11 November 2026

Date	Analyst	Company	Last	Target	Call	Valuation
11/11/26	OCBC	Boustead	1.62	2.33	Buy	PER
11/11/26	Lim & Tan	Delfi	0.69	0.92	Accumulate on weakness
11/11/26	Kim Eng	Frasers Logistics	0.895	1	Buy	DDM
11/11/26	OCBC	Riverstone	0.72	0.9	Buy	PER
11/11/26	DBS Vickers	UMS	1.75	3.62	Buy	PER38x FY27
11/11/26	Lim & Tan	UMS	1.75	3.42	Accumulate on weakness
11/11/26	OCBC	Yangzijiang Shipping	4.59	6.1	Buy	PER

The fabricated Nvidia saga! - Part 3

The US fabrication about China spying on Nvidia is going to fall apart when Singapore and Malaysia can't find concrete evidence of illegal chip smuggling by Megaspeed.

Insofar, the Malaysian government had cleared Megaspeed of illicit chip transfers or other illegal activities.  Without Malaysian's backing, Singapore is also unable to charge Megaspeed for any illegal activity pertaining to the illegal smuggling of Nvidia chips.

Let's look at some key facts now.

The alleged China spy woman (Alice Huang) is not charged or arrested in Singapore and Megaspeed is not charged for any criminal activity yet.

When there is no illegal chip smuggling from SG/MY to China, the US allegation of China spying can't hold any truth because there is nothing worth spying for when China is also restricting Nvidia chip imports.

Like we've stated earlier, this Nvidia saga is just for personal and commercial gains, and the US is just embarking on a smearing campaign against China.

The US core inflation is above expectations!

 US core inflation: 0.3% (MOM)
This latest inflation is bad and the US Fed will raise its fed rates in December 2026.  The question now is whether the Fed will raise its rates by 25bps or 50bps.  The magnitude of the rise will be dependent on incoming inflation reports before the December FOMC.

Fuxing China - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/26	Phillip	Fuxing China	0.655	0.655	Unrated
06/25/26	SAC Capital	Fuxing China	0.99	1.51	Buy	PER

Frencken - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/05/25	UOB Kay Hian	Frencken	1.67	2.08	Buy	PER21x FY26
08/15/25	DBS Vickers	Frencken	1.54	2.03	Buy	PER20x FY25/26
08/20/25	Phillip	Frencken	1.45	1.76	Buy	PER18x FY25
08/26/25	DMG & Partners	Frencken	1.43	1.68	Buy	PER17x FY25
10/17/25	DBS Vickers	Frencken	1.42	2.03	Buy	PER20x FY25/26
11/17/25	DBS Vickers	Frencken	1.54	2.03	Buy	PER20x FY25/26
11/18/25	UOB Kay Hian	Frencken	1.52	1.8	Buy	PER18.8x FY26
11/18/25	DBS Vickers	Frencken	1.52	1.92	Buy	PER20x FY26
11/18/25	CIMB	Frencken	1.52	1.72	Add	PER
11/18/25	Lim & Tan	Frencken	1.52	1.83	Accumulate on weakness
11/19/25	Phillip	Frencken	1.47	1.87	Buy	PER18x FY26
01/09/26	DBS Vickers	Frencken	1.44	1.92	Buy	PER20x FY26
02/06/26	DMG & Partners	Frencken	1.66	2.03	Buy
02/09/26	Macquarie	Frencken	1.59	1.76	outperform
02/10/26	DBS Vickers	Frencken	1.78	1.92	Buy	PER20x FY26
03/02/26	DBS Vickers	Frencken	2.16	1.92	Buy	PER20x FY26
03/02/26	Kim Eng	Frencken	2.16	2.63	Buy	PER
03/03/26	UOB Kay Hian	Frencken	2.09	2.33	Buy	PER22x FY26
03/03/26	DBS Vickers	Frencken	2.09	2.5	Buy	PER26x FY26
03/05/26	CIMB	Frencken	2.01	0	Hold
03/09/26	Phillip	Frencken	2.01	2.5	Buy	PER24x FY26
03/19/26	DMG & Partners	Frencken	2.06	2.56	Buy
04/29/26	DBS Vickers	Frencken	2.72	3.22	Buy	PER30x FY26
05/07/26	Kim Eng	Frencken	2.81	3.4	Buy	PER
05/19/26	DBS Vickers	Frencken	3.04	3.22	Buy	PER30x FY26
05/19/26	Lim & Tan	Frencken	3.04	3.15	Hold
05/20/26	UOB Kay Hian	Frencken	2.81	3.3	Buy	PER29x FY27
05/20/26	DBS Vickers	Frencken	2.81	3.76	Buy	PER35x FY27
05/22/26	Phillip	Frencken	3.11	3.3	Accumulate	PER29x FY27
07/10/26	CIMB	Frencken	2.79	3.25	Add	PER
07/15/26	DMG & Partners	Frencken	2.76	3.57	Buy
08/14/26	DBS Vickers	Frencken	2.79	3.76	Buy	PER35x FY27
08/14/26	Kim Eng	Frencken	2.79	3.4	Buy	PER
08/17/26	UOB Kay Hian	Frencken	2.72	3.27	Buy	PER29x FY27
08/17/26	Phillip	Frencken	2.72	3.3	Buy	PER29x FY27
08/21/26	Kim Eng	Frencken	2.61	3.7	Buy	PER
08/31/26	CIMB	Frencken	2.35	2.93	Add
09/04/26	Lim & Tan	Frencken	2.25	3.4	Accumulate
09/09/26	Kim Eng	Frencken	2.56	3.32	Buy
10/14/26	DMG & Partners	Frencken	2.39	3.73	Buy
10/29/26	Kim Eng	Frencken	2.14	3.32	Buy	PER