Info-Tech System - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/12/25	CIMB	Info-Tech System	0.83	1.1	Add	PER
08/29/25	OCBC	Info-Tech System	0.86	1	Buy
08/29/25	Aletheia Capital	Info-Tech System	0.86	1.17	Buy	DCF

IHH Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/30/24	DBS Vickers	IHH Healthcare	1.9	2.18	Buy
08/30/24	Kim Eng	IHH Healthcare	1.9	2.05	Buy	Ringgit $7.13, Sum of parts
12/02/24	DBS Vickers	IHH Healthcare	2.19	2.58	Buy	Ringgit $8.50 target price, Sum of parts
12/02/24	Lim & Tan	IHH Healthcare	2.19	2.4	Hold
12/30/24	Kim Eng	IHH Healthcare	2.19	2.43	Buy	Ringgit $7.97, Sum of parts
01/22/25	DBS Vickers	IHH Healthcare	2.15	2.58	Buy	Ringgit $8.50 target price, Sum of parts
02/28/25	DBS Vickers	IHH Healthcare	2.15	2.58	Buy	Ringgit $8.50 target price, Sum of parts
03/21/25	DBS Vickers	IHH Healthcare	2.04	2.48	Buy	Ringgit $8.20 target price, Sum of parts
06/02/25	DBS Vickers	IHH Healthcare	2.1	2.48	Buy	Ringgit $8.20 target price, Sum of parts
09/02/25	DBS Vickers	IHH Healthcare	2.08	2.61	Buy	Ringgit $8.60 target price, Sum of parts

Stock calls for 11 November 2025

Date	Analyst	Company	Last	Target	Call	Valuation
11/11/25	Kim Eng	Genting	0.77	1	Buy
11/11/25	Kim Eng	Sanli Env	0.34	0.53	Buy	PER
11/11/25	Kim Eng	Singapore Post	0.42	0.43	Hold
11/11/25	UOB Kay Hian	UMS	1.52	1.66	Buy	PER23x FY26
11/11/25	CIMB	UMS	1.52	1.77	Add	PER
11/11/25	Lim & Tan	Zixin	0.036	0.066	Buy	PER10x FY26

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)