Singtel - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/28/25	UOB Kay Hian	Singtel	3.4	3.6	Buy	DCF
04/21/25	Kim Eng	Singtel	3.75	3.96	Buy	Sum of parts
04/24/25	DMG & Partners	Singtel	3.76	3.8	Buy	Sum of parts
05/05/25	DBS Vickers	Singtel	3.8	3.93	Buy	Sum of parts (20% disc)
05/14/25	CIMB	Singtel	3.71	4	Hold
05/20/25	DBS Vickers	Singtel	3.79	4.27	Buy	Sum of parts (15% disc)
05/22/25	Lim & Tan	Singtel	3.85	4	Accumulate on weakness
05/23/25	UOB Kay Hian	Singtel	3.95	4.58	Buy	Sum of parts
05/23/25	DBS Vickers	Singtel	3.95	4.4	Buy	Sum of parts
05/23/25	Citi Research	Singtel	3.95	4.3	Buy
05/26/25	Phillip	Singtel	3.88	4.4	Accumulate	EV/Ebitda7x
05/26/25	DMG & Partners	Singtel	3.88	4.5	Buy
05/26/25	OCBC	Singtel	3.88	4.51	Buy	Up from $4
06/17/25	CIMB	Singtel	3.95	4.1	Hold
06/19/25	DBS Vickers	Singtel	3.97	4.3	Buy	Sum of parts
06/19/25	Kim Eng	Singtel	3.97	4.3	Buy
06/20/25	DBS Vickers	Singtel	3.91	4.58	Buy	EV/Ebitda18.5x
06/20/25	HSBC	Singtel	3.91	4.45	Buy
07/01/25	Lim & Tan	Singtel	3.82	4.4	Accumulate
07/11/25	UOB Kay Hian	Singtel	4.01	4.58	Buy	Sum of parts
07/11/25	Citi Research	Singtel	4.01	4.46	Buy
07/22/25	DMG & Partners	Singtel	4.15	4.7	Buy
08/06/25	DMG & Partners	Singtel	4	4.7	Buy
08/07/25	Kim Eng	Singtel	4.01	4.3	Buy
08/14/25	UOB Kay Hian	Singtel	4.06	4.56	Buy	Sum of parts
08/14/25	Phillip	Singtel	4.06	4.4	Accumulate	Ev/Ebitda7x
08/14/25	DBS Vickers	Singtel	4.06	4.58	Buy	Sum of parts (15% disc)
08/15/25	Lim & Tan	Singtel	4.07	4.4	Accumulate
08/15/25	DMG & Partners	Singtel	4.07	4.7	Buy
08/22/25	DBS Vickers	Singtel	4.11	5.04	Buy	Sum of parts (10% disc)
09/01/25	Phillip	Singtel	4.31	4.86	Accumulate	Ev/Ebitda8x
09/02/25	CIMB	Singtel	4.33	4.8	Add
09/02/25	HSBC	Singtel	4.33	4.75	Buy
09/08/25	DMG & Partners	Singtel	4.39	4.9	Buy
09/10/25	Kim Eng	Singtel	4.31	4.75	Buy
09/19/25	OCBC	Singtel	4.35	5.1	Buy
09/30/25	Kim Eng	Singtel	4.12	4.62	Buy	Sum of parts
09/30/25	Citi Research	Singtel	4.12	4.92	Buy
10/30/25	DMG & Partners	Singtel	4.31	4.9	Buy
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
11/10/25	Lim & Tan	Singtel	4.63	4.73	Accumulate on weakness
11/12/25	Lim & Tan	Singtel	4.62	5	Accumulate on weakness
11/13/25	UOB Kay Hian	Singtel	4.72	5.2	Buy	Sum of parts
11/13/25	CIMB	Singtel	4.72	5.2	Add	PER
11/17/25	Phillip	Singtel	4.86	5.35	Accumulate
12/09/25	Citi Research	Singtel	4.56	5.08	Buy	Sum of parts
12/12/25	DBS Vickers	Singtel	4.56	5.71	Buy	Sum of parts
12/19/25	Lim & Tan	Singtel	4.53	5.18	Accumulate on weakness
12/22/25	DMG & Partners	Singtel	4.54	5.2	Buy
01/14/26	DBS Vickers	Singtel	4.5	5.71	Buy	Sum of parts (10% disc)
01/14/26	JPM	Singtel	4.5	5.2	Overweight
02/02/26	DMG & Partners	Singtel	4.59	5.2	Buy
02/04/26	DBS Vickers	Singtel	4.86	5.71	Buy	Sum of parts (10% disc)
02/05/26	UOB Kay Hian	Singtel	4.91	5.2	Buy	Sum of parts
02/05/26	Phillip	Singtel	4.91	5.35	Accumulate
02/05/26	CIMB	Singtel	4.91	5.34	Add	RNAV
02/13/26	UOB Kay Hian	Singtel	5	5.5	Buy	Sum of parts
02/13/26	DMG & Partners	Singtel	5	5.5	Buy
02/13/26	HSBC	Singtel	5	5.2	Buy	Up from $5.15
02/16/26	Phillip	Singtel	4.91	5.35	Accumulate
03/09/26	JPM	Singtel	5	5.8	Overweight
03/10/26	UOB Kay Hian	Singtel	4.95	5.5	Buy	Sum of parts
03/19/26	DBS Vickers	Singtel	5.13	5.71	Buy	Sum of parts (10% disc)
03/23/26	DBS Vickers	Singtel	5.21	5.36	Hold	Sum of parts (10% disc)
04/13/26	Kim Eng	Singtel	4.88	5.25	Buy	Sum of parts
04/23/26	DMG & Partners	Singtel	4.78	5.5	Buy
05/21/26	DBS Vickers	Singtel	5.02	5.36	Hold	Sum of parts (10% disc)
05/21/26	Lim & Tan	Singtel	5.02	5.5	Buy
05/22/26	UOB Kay Hian	Singtel	4.7	5.5	Buy	Sum of parts
05/25/26	Phillip	Singtel	4.59	5.2	Accumulate	Sum of parts
05/26/26	DBS Vickers	Singtel	4.54	5.46	Buy	Sum of parts (10% disc)

Singapore Post - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/25	UOB Kay Hian	Singapore Post	0.56	0.72	Buy	Sum of parts, PB1x FY26
03/10/25	OCBC	Singapore Post	0.56	0.62	Hold	DCF
03/14/25	Lim & Tan	Singapore Post	0.56	0.75	Buy
04/02/25	Lim & Tan	Singapore Post	0.615	0.75	Buy
05/07/25	Kim Eng	Singapore Post	0.6	0.77	Buy
05/15/25	Lim & Tan	Singapore Post	0.635	0.75	Neutral
05/15/25	OCBC	Singapore Post	0.635	0.605	Hold	Sum of parts
05/16/25	UOB Kay Hian	Singapore Post	0.56	0.66	Buy	Sum of parts
06/20/25	Lim & Tan	Singapore Post	0.57	0.7	Hold
06/30/25	UOB Kay Hian	Singapore Post	0.62	0.66	Buy	Sum of parts
07/23/25	Lim & Tan	Singapore Post	0.64	0.7	Hold
07/24/25	Kim Eng	Singapore Post	0.655	0.74	Buy
08/11/25	OCBC	Singapore Post	0.505	0.59	Buy
08/11/25	Kim Eng	Singapore Post	0.505	0.63	Buy
08/22/25	Lim & Tan	Singapore Post	0.5	0.725	Accumulate
08/22/25	OCBC	Singapore Post	0.5	0.495	Hold
08/25/25	Kim Eng	Singapore Post	0.5	0.51	Hold
09/15/25	OCBC	Singapore Post	0.435	0.44	Hold
09/17/25	Lim & Tan	Singapore Post	0.43	0.725	Accumulate
11/10/25	Lim & Tan	Singapore Post	0.42	1	Accumulate on weakness
11/11/25	Kim Eng	Singapore Post	0.42	0.43	Hold
11/12/25	Lim & Tan	Singapore Post	0.42	0.51	Accumulate on weakness
12/10/25	Lim & Tan	Singapore Post	0.42	0.43	Hold
02/26/26	OCBC	Singapore Post	0.385	0.4	Hold
05/14/26	Lim & Tan	Singapore Post	0.375	0.4	Hold
05/14/26	OCBC	Singapore Post	0.335	0.4	Hold

Singapore Paincare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/25	SIAS	Singapore Paincare	0.157	0.365	Hold	Offer @ $0.16

Stock calls for 17 June 2026

Date	Analyst	Company	Last	Target	Call	Valuation
06/17/26	Lim & Tan	Boustead	2.05	2.7	Accumulate
06/17/26	Lim & Tan	Elite ComReit	0.34	0.42	Buy
06/17/26	DMG & Partners	Starhill	0.54	0.66	Buy

The Iran war situation report. - Part 80

Israel has rejected the Iran-US peace deal and it can easily derail the deal by attacking Lebanon or Iran directly.

Conversely, Iran has reiterated that the peace deal involves Israel's withdrawal from Lebanon.

It will a grave mistake for Israel to derail the peace deal because this will give the US a legitimate reason to abandon Israel by exiting the war and leaving Israel to face Iran alone.  Israel will be defeated by Iran without any US backup and this outcome is what the anglo-saxons want.

What will the US Fed do for its June FOMC meeting?

According to the US Fedwatch tool, the US Fed will hold its rates in June 2026.

While this is highly expected, the important thing to watch out will be what the new US Fed will say and also the interest rate direction he sets for the future FOMC.  This will be a market moving event!

Singapore Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/04/25	DBS Vickers	Singapore Land	2.12	2.6	Buy

Sing Investments & Finance - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/13/26	Kim Eng	Sing Investments & Finance	1.57	2.11	Buy	PB
06/11/26	Kim Eng	Sing Investments & Finance	1.53	2.11	Buy	PB

Sinarmas - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/28/25	Lim & Tan	Sinarmas	0.275	0.31	Reject Offer	Cash offer $0.31

Stock calls for 16 June 2026

Date	Analyst	Company	Last	Target	Call	Valuation
06/16/26	JPM	City Developments	8.63	10.45	Overweight
06/16/26	DMG & Partners	Delfi	0.935	1.21	Buy
06/16/26	UOB Kay Hian	SIA	7.17	6.66	Hold	PB1.27x FY27
06/16/26	Lim & Tan	SIA	7.17	6.7	Hold
06/16/26	phillip	Zixin	0.031	0.06	Buy	DCF

The Iran war situation report. - Part 79

Let's take a look at the Iran-US peace deal and we will realize that the US has surrendered to Iran.

The peace deal involves the following:

1. US sanctions for Iran will be lifted.

2. US will release $24B in frozen Iranian assets and $12B will be released immediately in exchange for a non-retaliation against Israel.  However, Iran has rejected the non-retaliation request outright and is going to launch strikes against Israel soon.

3. US will withdraw its troops near Iran.

4. US and its allies will pay $300B to Iran for reconstruction after the US has spent $70B to attack Iran.

5. US will accept a fee-based Hormuz passage.

6. Iran's uranium is excluded from the current MOU.

The US attacked Iran in the name of nuclear weapon (enriched uranium) but this was excluded from the current MOU.  There is going to be a fee-based Hormuz passage soon (after the Iran war) compared to the previous free and open passage (before the Iran war).  Furthermore, the US and its allies will spend a total of $370B for this illegal Iran war.  This is the US 3rd humiliating war after the Korea and Vietnam wars because the US has not compensated any country for its wrongdoing before.

If this is not a US defeat, we don't know what is a US defeat anymore.

Singapore minister Vivian has screwed up again! - Part 7

The US has given SG a tight slap by accepting a fee based hormuz passage.

We've stated previously that FM Vivian had a warped principle and using UNCLOS to defend a free passage during wartime was wrong in the first place.

We've been proven right now!

The Iran war situation report. - Part 78

Just as we've projected in Part 76, the US had to give more to Iran after Israel strikes on Beirut.

https://sg-stock.blogspot.com/2026/06/the-iran-war-situation-report-part-76.html

The only hurdle that remains now before the peace deal can be achieved is the US must let Iran hit Israel as a retaliatory military action.

Let's see how this will unfold.

The Iran war situation report. - Part 77

Trump had declared that the peace deal would be signed on 19 June 2026.  This was not his 1st proclamation because the previous peace deal announcement was last Sunday (14 June 2026).
However, people are losing faith in his announcement already.

What's the truth?

The Iranian hardliners objected to the peace deal after the Israel strikes on Beirut.

In order to appease these hardliners, Iran had announced a strong response/retaliation against Israel.

If Trump is really sincere in signing the peace deal with Iran, Trump has to let Iran do its retaliation against Israel without any intervention.

This is bad news for Israel because it has to face Iran on its own without the US help.

Sin Heng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/21/25	SIAS	Sin Heng	0.58	0	Reject Offer	DCF & PER24x