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Monday, April 6, 2026

Ascendas India Trust - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

04/16/25

DBS Vickers

Ascendas India Trust

0.92

1.45

Buy

DDM

07/31/25

OCBC

Ascendas India Trust

1.17

1.44

Buy

DDM

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



Stock calls for 6 April 2026

Date

Analyst

Company

Last

Target

Call

Valuation

04/06/26

Lim & Tan

Centurion

1.46

1.8

Accumulate


04/06/26

phillip

DBS

57.55

60

Accumulate

GGM, PB2.47x FY26

04/06/26

JPM

DBS

57.55

63

Overweight


04/06/26

phillip

First Reit

0.245

0.25

Accumulate

PB1x FY26

04/06/26

uSMART

GuocoLand

2.37

3.17

Buy


04/06/26

Amfrasers

Infinity

0.4

0.62

outperform

DCF

04/06/26

JPM

OCBC

22.38

20.5

Underweight


04/06/26

Lim & Tan

Olam

0.86

0

Buy


04/06/26

JPM

SGX

20

22

Overweight


04/06/26

phillip

Yangzijiang Maritime

0.52

0.69

Buy

PB1x FY26



The Iran war situation report. - Part 39

This 45-day ceasefire is just a US gambit to regroup and restrategize because the US is not winning the Iran war.  The US is throwing this bait to lure Iran into a trap because the US is losing the war.

China doesn't believe this war will end soon and it is evacuating its embassy staff in Israel because the war is intensify as we've spoken.

The US has continued to hit Iran's nuclear power plant and the nuclear radiation leak may spread to the western china via the wind direction.

Consequently, the UN has issued a nuclear war warning because of the US escalation.
Subsequently, Iran has retaliated againsts Israel and Kuwait after its nuclear power plant was hit.

Futhermore, Iran has also threatened to cut the undersea cables in the Middle East.
What's the impacts of  this escalation?

Besides the usual oil and gas shocks, there will be disruptions in the fertilizers and helium industries.  The shortages in helium will impact the semiconductor and medical sectors.

The world will be facing a global recession if this war continues in its current path because shortages in oil, gas, fertilizer,  helium, and the spread of nuclear radiation in the Middle East and Europe will create detrimental health and economic blowouts.

Sunday, April 5, 2026

The Iran war situation report. - Part 38

Iran had shot down 1 F15 and captured its weapon system officer (watch the video above).

However, the US has just declared it has saved its weapon system officer today.

If the rescued officer is able to appear on the US live media, then we can believe in  the US news.  If not, the US is just lying about its success.

The Iran war has intensified and will continue for these 2 weeks.  Therefore, the financial market will be very volatile because Trump will continue to manipulate the stock market.

Red alert for bitcoin (BTC)! - Part 13

We've been warning about this on numerous occasions.

This big unwind is creating negative demand for BTC now.  Furthermore, the Iran war is also decimating the BTC demands because people will want to hold real money.

Saturday, April 4, 2026

The Iran war situation report. - Part 37

Iran has done the right thing by rejecting the 48-hour ceasefire proposed by the US because the US is just trying to regroup and restrategize its military actions including rescue missions in Iran.

Iran had shot down a multiple of US planes including helicopters operating in Iran's airspace and it also bombarded Israel with more lethality.

The UN had voted and it won't be suppporting any illegal war against Iran including reopening the strait of hormuz with force because the US and Israel started this illegal war.  The time has come for the Gulf states to wake up now.

Friday, April 3, 2026

The latest ISM PMI report showed spiking inflation!

Missing parameter:

Estimated Local New Orders: New orders - New Export Orders = (-2.3) - (-0.4) = -1.9

Estimated Local Material: Inventories - Imports = (-1.7) - (-2.3) = 0.5

The new orders (-2.3), new export orders (-0.4) and local new orders (Est'd -1.9) had all declined that indicated weak consumer demands.  The declines in consumer demands could be explained by the spikes in inflation because the prices spiked by +7.8.

The production increased by +1.6 to boost the customers' inventories by +1.3 but also to help to clear the backlog of orders (-2.2).

Due to the weaker consumer demands, the producers reduced their inventories (-1.7) and imports of materials (-2.3).

As stated in our previous PMI analysis, the important factor to watch out for was the prices and this spike in prices had corroborated our inflation concern.

https://sg-stock.blogspot.com/2026/03/the-ism-pmi-has-indicated-deeper.html

Although the PMI had risen (+0.3) for March 2026, the higher inflation might dampen the consumer spending further and any recovery in the retail sales report would only be temporary due to the frontloading factor in anticipation of higher inflation.

Thursday, April 2, 2026

Ascott Residence Trust (ART) - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

03/06/25

UOB Kay Hian

ART

0.86

1.38

Buy

DDM

03/13/25

CIMB

ART

0.88

1.13

Add

DDM

03/24/25

Phillip

ART

0.87

1.05

Buy

DDM

04/01/25

UOB Kay Hian

ART

0.87

1.38

Buy

DDM

04/21/25

Phillip

ART

0.845

1.05

Buy

DDM

04/28/25

DBS Vickers

ART

0.855

1.15

Buy

DCF

05/21/25

UOB Kay Hian

ART

0.86

1.38

Buy

DDM

05/28/25

Kim Eng

ART

0.86

1.1

Buy


06/27/25

UOB Kay Hian

ART

0.875

1.56

Buy

DDM

07/03/25

Phillip

ART

0.885

1.05

Buy

DDM

07/29/25

DBS Vickers

ART

0.905

1.15

Buy

DCF

07/29/25

Lim & Tan

ART

0.905

1.11

Accumulate


07/30/25

OCBC

ART

0.91

1.02

Buy


07/31/25

Phillip

ART

0.905

1.05

Buy

DDM

08/01/25

UOB Kay Hian

ART

0.895

1.56

Buy

DDM

08/04/25

Kim Eng

ART

0.89

1.05

Buy

DDM

08/05/25

DBS Vickers

ART

0.905

1.15

Buy

DCF

08/28/25

Lim & Tan

ART

0.875

1.08

Accumulate


09/01/25

UOB Kay Hian

ART

0.885

1.56

Buy

DDM

10/29/25

DBS Vickers

ART

0.955

1.15

Buy

DCF

10/29/25

Lim & Tan

ART

0.955

1.06

Accumulate


10/30/25

UOB Kay Hian

ART

0.96

1.56

Buy

DDM

10/30/25

Phillip

ART

0.96

1.05

Buy

DDM

12/01/25

UOB Kay Hian

ART

0.945

1.56

Buy

DDM

12/08/25

DBS Vickers

ART

0.935

1.15

Buy

DCF

01/30/26

DBS Vickers

ART

0.965

1.15

Buy

DCF

01/30/26

Lim & Tan

ART

0.965

1.11

Accumulate


01/30/26

CIMB

ART

0.965

1.18

Add


02/02/26

Phillip

ART

0.98

1.08

Accumulate

DDM

02/03/26

UOB Kay Hian

ART

0.98

1.42

Buy

DDM

02/09/26

Kim Eng

ART

0.97

1.05

Buy

DDM

02/09/26

OCBC

ART

0.97

1.01

Buy


02/09/26

CIMB

ART

0.97

1.18

Add


02/09/26

DBS Vickers

ART

0.97

1.15

Buy


04/01/26

UOB Kay Hian

ART

0.88

1.42

Buy

DDM



ARA Hospitality (Acrophyte) - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

03/03/25

DBS Vickers

ARA Hospitality (Acrophyte)

0.215

0.25

Buy

DCF



APAC Realty - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

03/03/25

DBS Vickers

APAC Realty

0.415

0.5

Buy

PER13x

03/17/25

DMG & Partners

APAC Realty

0.42

0.48

Buy

DCF

03/18/25

Lim & Tan

APAC Realty

0.415

0.49

Accumulate


07/02/25

DMG & Partners

APAC Realty

0.48

0.54

Buy

DCF

08/05/25

Lim & Tan

APAC Realty

0.565

0.66

Accumulate


08/11/25

DBS Vickers

APAC Realty

0.635

0.8

Buy

PER13x FY25/26

08/12/25

Lim & Tan

APAC Realty

0.705

0.8

Accumulate


09/01/25

Lim & Tan

APAC Realty

0.735

0.82

Accumulate

PER15.5x FY25/26

09/15/25

DMG & Partners

APAC Realty

0.88

0.8

Neutral


10/10/25

DBS Vickers

APAC Realty

0.695

0.8

Buy

PER13x FY25/26

02/24/26

DBS Vickers

APAC Realty

0.665

0.7

Hold

Sum of parts

02/24/26

Lim & Tan

APAC Realty

0.665

0

Accumulate on weakness


03/12/26

Lim & Tan

APAC Realty

0.58

0.66

Accumulate

PER15.5x FY26

03/17/26

Lim & Tan

APAC Realty

0.56

0.71

Accumulate




Stock calls for 2 April 2026

Date

Analyst

Company

Last

Target

Call

Valuation

04/02/26

BOA

A-Reit

2.52

3.1

Buy


04/02/26

CIMB

A-Reit

2.52

3.21

Add

DDM

04/02/26

DBS Vickers

AEM

4.32

4.6

Buy

PER32x FY27

04/02/26

CIMB

Comfortdelgro

1.46

1.7

Add


04/02/26

Lim & Tan

First Reit

0.245

0.27

Accumulate on weakness


04/02/26

OCBC

First Reit

0.245

0.245

Hold


04/02/26

Tickrs Financial

Nanofilm

0.65

0.65

Hold


04/02/26

UBS

SATS

3.6

4.35

Buy


04/02/26

BOA

SGX

19.96

20.5

Neutral


04/02/26

CIMB

SIA

6.66

6.77

Hold

PB

04/02/26

DBS Vickers

ST Engineering

11.1

12.4

Buy

PER33x FY26/27

04/02/26

CIMB

ST Engineering

11.1

11.05

Hold

PER

04/02/26

DBS Vickers

UOL

9.95

13

Buy

RNAV (25% disc)

04/02/26

DBS Vickers

ValueMax

1.08

1.45

Buy

PER11x FY26



The Iran war situation report. - Part 36

Iran has struck Israel harder to prove that Trump is lying about any negotiation or a ceasefire.

The EU looks set to pivot from the US and it starts with Spain, Italy and Germany respectively.
The anglo-saxons in the US has managed to make Israel the world's number 1 enemy and Israel is under attacks from many fronts now.  The world order in the Middle East is resetting as the war situation unfolds.

The Iran war situation report. - Part 35

It looks like Trump is bluffing again that the US will end the Iran war soon because the US military is preparing for Iran ground operations.

Iran has reiterated that it is neither seeking a ceasefire nor a negotiation.  As stated by Iran, there is no direct and ongoing talk between the US and Iran.

However, we can see that the US is desperate to end this war from Trump's actions.   This is really bad for Israel and its outcome won't be good. (Watch the video below.)

Wednesday, April 1, 2026

Alpina - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

09/04/25

Lim & Tan

Alpina

0.31

0.38

Wait

Offer $0.38