ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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
09/23/25	DMG & Partners	ST Engineering	8.53	9.1	Buy
10/08/25	OCBC	ST Engineering	9.01	9.03	Hold
10/22/25	DMG & Partners	ST Engineering	8.25	9.1	Buy
11/13/25	Phillip	ST Engineering	8.29	8.2	Neutral	DCF
11/13/25	UOB Kay Hian	ST Engineering	8.29	9.05	Buy	PER26.1x FY27
11/13/25	DBS Vickers	ST Engineering	8.29	9.4	Buy
11/13/25	CIMB	ST Engineering	8.29	9.5	Add	PER
11/26/25	DMG & Partners	ST Engineering	8.3	9.4	Buy
11/26/25	OCBC	ST Engineering	8.3	9.8	Buy
12/22/25	DMG & Partners	ST Engineering	8.18	9.4	Buy
01/13/26	DBS Vickers	ST Engineering	9.21	10.2	Buy	DCF
01/21/26	OCBC	ST Engineering	9.53	10.9	Buy	PER
01/27/26	CIMB	ST Engineering	9.4	10.2	Add	PER
02/13/26	DMG & Partners	ST Engineering	10.19	10.7	Buy
02/27/26	DBS Vickers	ST Engineering	10.02	10.2	Buy	DCF & PER29x
03/02/26	UOB Kay Hian	ST Engineering	9.97	10.86	Buy	PER29.1x FY27
03/02/26	Phillip	ST Engineering	9.97	13	Buy	DCF
03/02/26	DBS Vickers	ST Engineering	9.97	11	Buy	PER30x FY26 & DCF
03/02/26	DMG & Partners	ST Engineering	9.97	11.7	Buy
03/20/26	UBS	ST Engineering	11.14	12.6	Buy
03/25/26	DMG & Partners	ST Engineering	11.22	12.3	Buy
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
04/23/26	DMG & Partners	ST Engineering	11.25	12.3	Buy
05/18/26	DBS Vickers	ST Engineering	10.37	12.4	Buy	PER33x FY26/27
05/19/26	Phillip	ST Engineering	10.79	13	Buy	DCF
05/19/26	UOB Kay Hian	ST Engineering	10.79	11.75	Buy

Spindex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/29/25	Lim & Tan	Spinidex	1.34	1.43	Wait	Offer @ $1.43

Stock calls for 19 June 2026

Date	Analyst	Company	Last	Target	Call	Valuation
06/19/26	Lim & Tan	ASL Marine	0.315	0.47	Buy	PER12x FY27
06/19/26	Kim Eng	CSE Global	1.43	2.25	Buy
06/19/26	UOB Kay Hian	Food Empire	2.5	3.49	Buy	PER25x FY26, Ex-Bonus (1 for 5)
06/19/26	Kim Eng	Olam	1.28	1.6	Buy	EV/Ebitda
06/19/26	Kim Eng	SGX	24.5	25.25	Buy
06/19/26	CIMB	Soilbuild Construction	0.79	1.1	Add	Sum of parts

Soon Hock - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/27/25	UOB Kay Hian	Soon Hock	0.59	0.68	Buy	PB1x FY26
01/14/26	Kim Eng	Soon Hock	0.63	0.75	Buy
01/14/26	UOB Kay Hian	Soon Hock	0.63	0.65	Buy	PB0.9x FY26
01/20/26	UOB Kay Hian	Soon Hock	0.635	0.71	Buy	PB1.2x FY26
02/11/26	UOB Kay Hian	Soon Hock	0.645	0.71	Buy	PB1.2x FY26
02/25/26	Kim Eng	Soon Hock	0.665	0.75	Buy
03/05/26	Kim Eng	Soon Hock	0.62	0.78	Buy	RNAV
03/12/26	UOB Kay Hian	Soon Hock	0.61	0.71	Buy	PB1.2x FY26
04/22/26	uSMART	Soon Hock	0.635	0.72	Buy

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
09/29/25	Phillip	Soilbuild Construction	2.73	3.41	Buy	PER7.5x FY26
10/07/25	CIMB	Soilbuild Construction	3.19	4.21	Add	PER
10/15/25	DBS Vickers	Soilbuild Construction	3.33	4.7	Unrated	PER12x FY26
10/31/25	Phillip	Soilbuild Construction	3.49	3.41	Neutral	PER13x FY26
01/16/26	CIMB	Soilbuild Construction	0.88	1.2	Add	Stock split 1 for 4
02/12/26	Phillip	Soilbuild Construction	1	1.4	Buy	PER
03/02/26	CIMB	Soilbuild Construction	1.02	1.2	Add	PER
03/04/26	Phillip	Soilbuild Construction	0.96	1.4	Buy	PER10.5x FY26
03/12/26	DBS Vickers	Soilbuild Construction	0.985	1.25	Unrated	PER10.1x FY27

Skylink - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/18/25	DMG & Partners	Skylink	0.295	0.44	Buy
02/26/26	Amfrasers	Skylink	0.295	0.44	Outperform	DCF
04/08/26	Lim & Tan	Skylink	0.24	0.47	Accumulate
05/26/26	Lim & Tan	Skylink	0.265	0.36	Buy

Stock calls for 18 June 2026

Date	Analyst	Company	Last	Target	Call	Valuation
06/18/26	Lim & Tan	Centurion	1.51	1.81	Accumulate
06/18/26	Lim & Tan	Keppel Corp	11.37	12.66	Buy
06/18/26	CIMB	SATS	4.18	5.2	Add

What will the US Fed do for its June FOMC meeting? - Part 2

 
The US Fed has hold its rates as expected but 50% of its members are expecting a hike this year (as shown on dot plot).  In other words, there won't be any easing for this year anymore.

Singapore NODX spiked significantly in May 2026.

https://tradingeconomics.com/singapore/domestic-exports-of-non-oil-nodx-pctyoy/news/559485

Year-on-year changes:

May 2026: 38.4%

April 2026: 24.4%

March 2026: 15.3%

February 2026: 4%

January  2026: 9.3%

December 2025: 6.1%

November 2025: 11.5%

October 2025: 22.2%

September 2025: 6.9%

August 2025: -11.3%

July 2025: -4.6%

June 2025: 13%

May 2025: -3.5%

April 2025:12.4%

March 2025: 5.4%

February 2025: 7.6%

January 2025: -2.1%

December 2024: 9%

November 2024: 3.4%

October 2024: -4.6%

September 2024: 2.7%

August 2024: 10.7%

July 2024: 15.7%

June 2024: -8.7%

May 2024: -0.1%

April 2024: -9.6%

March 2024: -20.7%

February 2024: -0.1%

January 2024: +16.8%