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Tuesday, September 23, 2025

Stamford Tyres - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

06/30/25

Lim & Tan

Stamford Tyres

0.215

0

Hold




ST Engineering - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

06/18/24

Lim & Tan

ST Engineering

3.98

0

Accumulate


06/19/24

Kim Eng

ST Engineering

4.03

4.3

Buy


06/24/24

DMG & Partners

ST Engineering

4.04

4.5

Buy

Sum of parts

06/25/24

DBS Vickers

ST Engineering

4.1

4.8

Buy


06/26/24

Lim & Tan

ST Engineering

4.14

4.53

Accumulate


06/26/24

Kim Eng

ST Engineering

4.14

4.6

Buy

Sum of parts

06/27/24

JPM

ST Engineering

4.19

4.6

Buy


07/08/24

DBS Vickers

ST Engineering

4.26

4.8

Buy


07/16/24

UOB Kay Hian

ST Engineering

4.38

4.95

Buy

DCF

07/22/24

DMG & Partners

ST Engineering

4.45

5

Buy

Sum of parts

07/22/24

CIMB

ST Engineering

4.45

5

Add


08/14/24

OCBC

ST Engineering

4.28

4.83

Buy


08/14/24

Citi Research

ST Engineering

4.28

5.12

Buy


08/15/24

DBS Vickers

ST Engineering

4.47

5

Buy


08/15/24

UOB Kay Hian

ST Engineering

4.47

4.95

Buy

DCF

08/15/24

Citi Research

ST Engineering

4.47

5.12

Buy

PER20x FY25

08/19/24

Phillip

ST Engineering

4.56

5

Accumulate

DCF

08/20/24

DMG & Partners

ST Engineering

4.58

5

Buy

Sum of parts

08/20/24

Kim Eng

ST Engineering

4.58

4.8

Buy


09/02/24

DMG & Partners

ST Engineering

4.45

5

Buy

Sum of parts

09/18/24

Phillip

ST Engineering

4.64

5.32

Buy

Sum of parts

09/24/24

DMG & Partners

ST Engineering

4.72

5.32

Buy

Sum of parts

10/02/24

CIMB

ST Engineering

4.64

5.3

Add


10/09/24

DMG & Partners

ST Engineering

4.67

5.32

Buy

Sum of parts

10/17/24

Citi Research

ST Engineering

4.62

5.12

Buy


11/18/24

DBS Vickers

ST Engineering

4.71

5

Buy


11/19/24

UOB Kay Hian

ST Engineering

4.45

4.95

Buy

PER20.7x FY26

11/19/24

Phillip

ST Engineering

4.45

5

Accumulate

DCF

11/19/24

DBS Vickers

ST Engineering

4.45

5.4

Buy

DCF

11/19/24

DMG & Partners

ST Engineering

4.45

5.32

Buy

Sum of parts

11/19/24

Kim Eng

ST Engineering

4.45

4.7

Buy


11/19/24

Citi Research

ST Engineering

4.45

5.12

Buy

PER20x FY25

11/28/24

DMG & Partners

ST Engineering

4.46

5.2

Buy

Sum of parts

12/03/24

DBS Vickers

ST Engineering

4.53

5.4

Buy


12/10/24

CIMB

ST Engineering

4.55

5.3

Add


12/16/24

DMG & Partners

ST Engineering

4.53

5.2

Buy

Sum of parts

01/03/25

Phillip

ST Engineering

4.65

5

Accumulate

DCF

01/21/25

DMG & Partners

ST Engineering

4.68

5.2

Buy

Sum of parts

02/07/25

DBS Vickers

ST Engineering

4.83

5.4

Buy


02/07/25

CIMB

ST Engineering

4.83

5.3

Add


02/07/25

Citi Research

ST Engineering

4.83

5.12

Buy

PER20x FY25

02/18/25

DMG & Partners

ST Engineering

5

5.2

Buy

Sum of parts

02/20/25

DBS Vickers

ST Engineering

5.11

5.4

Buy


02/28/25

UOB Kay Hian

ST Engineering

5.11

5.55

Buy

PER20.7x FY26

02/28/25

Citi Research

ST Engineering

5.11

6.1

Buy


03/03/25

Phillip

ST Engineering

5.41

6.1

Accumulate

DCF

03/03/25

CIMB

ST Engineering

5.41

5.6

Add


03/03/25

DBS Vickers

ST Engineering

5.41

6

Buy

PER22x FY25

03/03/25

Lim & Tan

ST Engineering

5.41

5.74

Accumulate on weakness


03/03/25

Kim Eng

ST Engineering

5.41

5.7

Buy


03/03/25

DMG & Partners

ST Engineering

5.41

5.9

Buy


03/03/25

OCBC

ST Engineering

5.41

7.75

Buy


03/18/25

Lim & Tan

ST Engineering

6.32

6.45

Accumulate on weakness


03/18/25

Citi Research

ST Engineering

6.32

7.22

Buy


03/19/25

UOB Kay Hian

ST Engineering

6.38

6.8

Buy

PER23.5x FY26

03/19/25

Lim & Tan

ST Engineering

6.38

6.55

Accumulate on weakness


03/19/25

CIMB

ST Engineering

6.38

7.4

Add


03/20/25

DMG & Partners

ST Engineering

6.57

7.8

Buy


04/04/25

DBS Vickers

ST Engineering

6.75

7.5

Buy


04/14/25

DMG & Partners

ST Engineering

6.67

7.8

Buy


04/29/25

Lim & Tan

ST Engineering

7.35

8

Accumulate


05/07/25

DMG & Partners

ST Engineering

7.49

8.3

Buy


05/09/25

Lim & Tan

ST Engineering

7.51

8

Accumulate


05/09/25

Citi Research

ST Engineering

7.51

8.3

Hold


05/13/25

Phillip

ST Engineering

7.63

8.2

Accumulate

DCF

05/13/25

UOB Kay Hian

ST Engineering

7.63

7.37

Hold

PER24.6x FY26

05/28/25

DBS Vickers

ST Engineering

7.57

7.7

Hold


06/04/25

OCBC

ST Engineering

8.01

8.54

Buy


06/04/25

Kim Eng

ST Engineering

8.01

8.3

Hold


06/17/25

DMG & Partners

ST Engineering

7.96

8.9

Buy


06/26/25

Citi Research

ST Engineering

7.95

8.3

Hold

PER22.5x FY27

06/27/25

DMG & Partners

ST Engineering

7.87

8.65

Buy


07/17/25

DBS Vickers

ST Engineering

8.34

7.7

Hold


07/21/25

DMG & Partners

ST Engineering

8.4

8.7

Buy


08/06/25

DMG & Partners

ST Engineering

8.88

8.7

Buy


08/15/25

UOB Kay Hian

ST Engineering

8.4

8.56

Hold

PER25.6x FY27

08/15/25

CIMB

ST Engineering

8.4

8.7

Hold

PER

08/18/25

Phillip

ST Engineering

8.46

8.2

Neutral

DCF

08/19/25

DMG & Partners

ST Engineering

8.14

9.1

Buy


08/19/25

Kim Eng

ST Engineering

8.14

8.4

Hold

PER31x FY25

09/01/25

OCBC

ST Engineering

7.68

8.9

Buy


09/05/25

Lim & Tan

ST Engineering

7.95

8.73

Accumulate




Soilbuild Construction - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

03/17/25

Lim & Tan

Soilbuild Construction

0.77

0

Accumulate on weakness


04/14/25

Phillip

Soilbuild Construction

0.83

0.97

Accumulate

PER3.5x FY26

05/07/25

SAC Capital

Soilbuild Construction

0.81

1.1

Buy


07/03/25

Lim & Tan

Soilbuild Construction

0.865

0.97

Accumulate


08/15/25

Phillip

Soilbuild Construction

1.86

2.68

Buy

PER5.9x FY26



Stock calls for 22 September 2025

Date

Analyst

Company

Last

Target

Call

Valuation

09/22/25

DMG & Partners

Bumitama

1.13

1.1

Neutral


09/22/25

Kim Eng

Comfortdelgro

1.49

1.7

Buy

DCF

09/22/25

Lim & Tan

Comfortdelgro

1.49

1.73

Accumulate


09/22/25

CIMB

CSE Global

0.725

0.86

Add

PER

09/22/25

phillip

Elite ComReit

0.35

0.39

Buy

DDM

09/22/25

phillip

First Reit

0.285

0.31

Buy

DDM

09/22/25

SAC Capital

Megachem

0.46

0.5

Hold


09/22/25

Phillip

Stoneweg Reit

1.55

1.86

Buy

DDM



Monday, September 22, 2025

The US stock market is getting dicey now! - Part 2

The US economy is approaching a RECESSION or is already in one as indicated by the charts below.

The leading economic index has been in a downward trajectory since 2022.


The LEI 6-month growth rate is giving a recession signal now.

The machine learning model is indicating that the probability of a US recession is fast approaching the critical recession level (50).  This model shows that the US always has a recession when it crosses 50.
How long can the ebullience in the stock market last when many indicators are flashing recession alerts?

Baltic dry index - 2203


Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 542

Related stock: Seatrium & Cosco.

Sunday, September 21, 2025

China air defence system is awesome!

China had shown its air defence prowess by destroying a hypersonic meteor.  What's the meteor's speed upon entering earth?  The below information provides the credential that China air defence system can track and destroy a missile that is travelling at above 25 Mach speed.