Ifast Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/26/24	DBS Vickers	Ifast Corp	7.11	9.57	Buy	DCF
07/29/24	UOB Kay Hian	Ifast Corp	7.5	8.03	Hold
07/30/24	CIMB	Ifast Corp	7.43	9.5	Add
10/28/24	DBS Vickers	Ifast Corp	7.75	9.57	Buy	DCF
10/28/24	Lim & Tan	Ifast Corp	7.75	9.26	Hold
10/29/24	UOB Kay Hian	Ifast Corp	7.65	8.17	Hold	PER25x FY25
10/30/24	CIMB	Ifast Corp	7.47	9.5	Add
02/13/25	DBS Vickers	Ifast Corp	7.65	10.23	Buy	DCF
02/13/25	Lim & Tan	Ifast Corp	7.65	0	Hold
02/14/25	UOB Kay Hian	Ifast Corp	7.87	8.3	Hold	PER25x FY25
03/12/25	DBS Vickers	Ifast Corp	7.75	10.88	Buy	DCF
04/10/25	DBS Vickers	Ifast Corp	6.2	10.88	Buy	DCF
04/28/25	Lim & Tan	Ifast Corp	7.19	9.42	Hold
04/29/25	UOB Kay Hian	Ifast Corp	6.35	7.28	Buy	PER25x FY25
04/29/25	DBS Vickers	Ifast Corp	6.35	9.22	Buy	DCF
05/05/25	Lim & Tan	Ifast Corp	6.3	7	Hold
06/30/25	UOB Kay Hian	Ifast Corp	6.6	7.28	Buy	PER25x FY25
07/28/25	DBS Vickers	Ifast Corp	7.42	9.22	Buy	Sum of parts & DCF
07/29/25	UOB Kay Hian	Ifast Corp	8.17	9.92	Buy	PER29x FY26
07/29/25	DBS Vickers	Ifast Corp	8.17	10	Buy	Sum of parts & DCF
10/27/25	DBS Vickers	Ifast Corp	9.23	10	Buy	Sum of parts & DCF
10/27/25	Lim & Tan	Ifast Corp	9.23	10	Hold
10/28/25	UOB Kay Hian	Ifast Corp	9.81	11.12	Buy	PER32x FY26
10/28/25	DBS Vickers	Ifast Corp	9.81	12	Buy	Sum of parts & DCF
10/28/25	CIMB	Ifast Corp	9.81	11.7	Add	Sum of parts
10/31/25	Kim Eng	Ifast Corp	9.72	11.95	Buy	PER29.5x FY26

Hyphens Pharma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/21/24	Phillip	Hyphens Pharma	0.29	0.35	Buy	DCF
08/26/24	SAC Capital	Hyphens Pharma	0.285	0.38	Buy
09/11/24	CIMB	Hyphens Pharma	0.29	0.4	Add	DCF
11/18/24	CIMB	Hyphens Pharma	0.28	0.35	Add	DCF
03/10/25	Phillip	Hyphens Pharma	0.28	0.35	Buy	DCF
03/12/25	SAC Capital	Hyphens Pharma	0.28	0.46	Buy
07/18/25	Lim & Tan	Hyphens Pharma	0.33	0.35	Accumulate on weakness
08/21/25	CIMB	Hyphens Pharma	0.29	0.43	Add	DCF
08/25/25	Phillip	Hyphens Pharma	0.315	0.4	Buy	DCF

Hutchison Port (HPH) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/24/24	Lim & Tan	Hutchison Port	0.129	0.32	Accumulate
08/28/24	DBS Vickers	Hutchison Port	0.126	0.22	Buy	DCF
12/31/24	DBS Vickers	Hutchison Port	0.164	0.32	Buy	DCF
02/03/25	DBS Vickers	Hutchison Port	0.16	0.2	Buy	DCF
05/02/25	DBS Vickers	Hutchison Port	0.149	0.18	Buy	DCF
05/13/25	DBS Vickers	Hutchison Port	0.148	0.18	Buy	DCF
06/16/25	DBS Vickers	Hutchison Port	0.16	0.18	Buy	DCF
07/23/25	Lim & Tan	Hutchison Port	0.184	0	Hold
07/24/25	DBS Vickers	Hutchison Port	0.192	0.22	Buy	DCF
08/14/25	DBS Vickers	Hutchison Port	0.21	0.22	Buy	DCF

Stock calls for 10 November 2025

Date	Analyst	Company	Last	Target	Call	Valuation
11/10/25	Kim Eng	AIMS AMP Cap Ind Reit	1.41	1.44	Buy	DDM
11/10/25	Lim & Tan	ASL Marine	0.255	0.3	Buy	PER9.5x FY27
11/10/25	DBS Vickers	Avepoint	17.6	28	Buy	EV/Sales 11x
11/10/25	Kim Eng	Beng Kuang Marine	0.31	0.3	Hold
11/10/25	Phillip	Capitaland Investment	2.68	3.65	Buy	Sum of parts
11/10/25	Kim Eng	DBS	54.98	62.79	Buy	Up from $56.15
11/10/25	Citi Research	DBS	54.98	61.1	Buy	GGM, PB2.5x
11/10/25	DMG & Partners	DBS	54.98	59	Buy
11/10/25	DBS Vickers	Frasers Logistics	0.95	1.05	Buy	DCF
11/10/25	CIMB	Frasers Logistics	0.95	1.1	Add	DDM
11/10/25	DBS Vickers	OCBC	17.78	19.8	Buy	GGM, PB1.4x FY26
11/10/25	phillip	OCBC	17.78	17	Neutral	GGM, PB1.29x FY25
11/10/25	UOB Kay Hian	OCBC	17.78	20.22	Buy	GGM, PB1.45x FY26
11/10/25	CIMB	OCBC	17.78	19.5	Add	GGM
11/10/25	DMG & Partners	OCBC	17.78	18.7	Neutral
11/10/25	Lim & Tan	Singapore Post	0.42	1	Accumulate on weakness
11/10/25	Lim & Tan	Singtel	4.63	4.73	Accumulate on weakness
11/10/25	Phillip	Stoneweg Reit	1.57	1.86	Buy	DDM
11/10/25	DBS Vickers	Thai Beverage	0.475	0.63	Buy	PER16x FY25
11/10/25	DBS Vickers	UMS	1.51	1.85	Buy	PER25x FY26
11/10/25	DMG & Partners	UOB	33.86	36.1	Buy	Cut from $38.80

The US inflation is unlikely to fall anymore.

 1-year inflation expectation: 4.7%

As we can see from the chart above, the US inflation is likely to fall anymore.  Thus, this is likely hit US consumption as companies will pass the price inflation to the consumers.

Baltic dry index - 2104

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 548

Related stock: Seatrium & Cosco.

HRnetGroup - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/28/24	DMG & Partners	HRnetGroup	0.685	0.84	Buy	PER14x FY24/25
08/13/24	Kim Eng	HRnetGroup	0.67	0.7	Hold
08/16/24	Phillip	HRnetGroup	0.655	0.82	Buy	PER11x FY24, Ex-cash
03/10/25	Phillip	HRnetGroup	0.695	0.78	Accumulate
08/15/25	CIMB	HRnetGroup	0.715	0.71	Hold	PER
08/19/25	Phillip	HRnetGroup	0.715	0.78	Accumulate
10/28/25	DMG & Partners	HRnetGroup	0.745	0.85	Buy

Hotel Properties (HPL) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/25	DBS Vickers	Hotel Properties	5.21	5	Hold	RNAV (50% disc)

HongKong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/24	DBS Vickers	Hongkong Land	3.43	4.05	Buy	RNAV (63% disc)
07/02/24	DBS Vickers	Hongkong Land	3.24	4.05	Buy	RNAV (63% disc)
07/17/24	CIMB	Hongkong Land	3.39	3.3	Hold	RNAV
08/05/24	DBS Vickers	Hongkong Land	3.21	3.88	Buy	RNAV (64% disc)
08/05/24	MorningStar	Hongkong Land	3.21	3.86	Buy
08/06/24	CIMB	Hongkong Land	3.25	3.21	Hold	RNAV
09/25/24	DBS Vickers	Hongkong Land	3.69	3.88	Buy	RNAV (64% disc)
10/18/24	DBS Vickers	Hongkong Land	4	3.88	Buy
10/30/24	DBS Vickers	Hongkong Land	3.89	5.34	Buy	RNAV (50% disc)
11/07/24	MorningStar	Hongkong Land	4.79	3.86	3-Star
03/10/25	Lim & Tan	Hongkong Land	4.46	4.73	Accumulate
03/10/25	DBS Vickers	Hongkong Land	4.46	5.25	Buy
03/10/25	CIMB	Hongkong Land	4.46	4.82	Hold
04/25/25	DBS Vickers	Hongkong Land	4.22	5.52	Buy
04/28/25	DBS Vickers	Hongkong Land	4.64	5.62	Buy	RNAV (46% disc)
04/28/25	CIMB	Hongkong Land	4.64	4.91	Hold	RNAV
05/23/25	Lim & Tan	Hongkong Land	5.23	0	Accumulate
05/26/25	DBS Vickers	Hongkong Land	5.27	5.62	Buy	RNAV (46% disc)
07/31/25	DBS Vickers	Hongkong Land	6.3	7.2	Buy	RNAV (35% disc)
09/19/25	Lim & Tan	Hongkong Land	6.65	6.97	Buy
09/29/25	DBS Vickers	Hongkong Land	6.25	7.6	Buy	RNAV (31% disc)

Stock calls for 7 November 2025

Date	Analyst	Company	Last	Target	Call	Valuation
11/07/25	CIMB	Capitaland Investment	2.65	4.3	Add	RNAV
11/07/25	Lim & Tan	Capitaland Investment	2.65	3.41	Buy
11/07/25	phillip	DBS	55.54	58	Accumulate	GGM, PB2.34x FY25
11/07/25	UOB Kay Hian	DBS	55.54	55.5	Hold	GGM, PB2.26x FY26
11/07/25	CIMB	DBS	55.54	60.5	Add	GGM
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
11/07/25	Lim & Tan	OCBC	17.19	17.66	Accumulate on weakness
11/07/25	DBS Vickers	Singtel	4.5	5.04	Buy	Sum of parts (10% disc)
11/07/25	Kim Eng	Singtel	4.5	4.62	Buy	Sum of parts
11/07/25	OCBC	Stoneweg Reit	1.56	1.87	Buy
11/07/25	phillip	UOB	33.9	30.4	Neutral	GGM, PB1.08x FY25
11/07/25	DBS Vickers	UOB	33.9	33.9	Hold	GGM, PB1x FY26