Mandai Freehold B2 Industrial Space - 新加坡唯一一个B2永久重型工业厂房.

Mandai Freehold B2 Industrial Space - 新加坡唯一一个B2永久重型工业厂房.
Please click the advertisement for more information.

Search This Blog

Monday, December 15, 2025

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 15 December 2025

Date

Analyst

Company

Last

Target

Call

Valuation

12/15/25

Lim & Tan

ESR-Reit

2.74

3.3

Accumulate


12/15/25

MorningStar

Hongkong Land

7.15

7.4

3-Star

Up from $7.10

12/15/25

Kim Eng

Keppel Reit

0.96

1

Hold

DDM

12/15/25

Amfrasers

Raffles Education

0.107

0.34

outperform

DCF

12/15/25

phillip

Sembcorp Industries

5.92

7.1

Buy

EV/Ebitda8.3x FY26



Sunday, December 14, 2025

Is Singapore going to lose its sea hub status for taking sides?


It looks like SG is losing its sea hub status for taking sides.  What are our neighbours (Malaysia and Indonesia) doing? They're getting cozy with China instead of taking sides and this has benefitted them.

Trump is proposing a new world order (Core 5) by abandoning the EU.

President Trump is proposing a new core 5 to replace G7 and abandoning the EU.

The EU abandonment is not a surprise at all because the US has been trying to break up the EU ever since the advent of the EURO currency.  President Trump also tried to break up the EU by persuading 4 EU nations to leave the EU bloc.

The US has proven itself to be an untrusted, unreliable and incredible partner and ally.

Baltic dry index - 2205

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 548

Related stock: Seatrium & Cosco

Chinese citizens bashed PM Wong over Sino-Japan spat. - Part 10

Is China taking revanchism against Singapore now?

China has revised its Hainan port policies to compete more effectively with Singapore.  Is this a retaliation against PM Wong?  I just find the timing very uncanny.

Friday, December 12, 2025

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



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




Singtel - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

12/03/24

Kim Eng

Singtel

3.13

3.65

Buy


12/03/24

DMG & Partners

Singtel

3.13

3.6

Buy


12/04/24

MorningStar

Singtel

3.13

3.46

4-Star

Up from $3.37

01/07/25

DMG & Partners

Singtel

3.08

3.6

Buy


01/10/25

Kim Eng

Singtel

3.08

3.65

Buy


01/20/25

CIMB

Singtel

3.14

3.7

Add


01/21/25

UOB Kay Hian

Singtel

3.15

3.58

Buy

DCF

01/22/25

HSBC

Singtel

3.13

3.7

Buy

Up from $3.65

02/05/25

CIMB

Singtel

3.24

3.7

Add


02/19/25

DBS Vickers

Singtel

3.33

3.82

Buy

Sum of parts

02/19/25

DMG & Partners

Singtel

3.33

3.6

Buy


02/19/25

Citi Research

Singtel

3.33

3.8

Buy


02/20/25

UOB Kay Hian

Singtel

3.37

3.6

Buy

DCF

02/20/25

Phillip

Singtel

3.37

3.77

Accumulate

EV/Ebitda6x FY25

02/20/25

DBS Vickers

Singtel

3.37

3.93

Buy

Sum of parts

02/20/25

DMG & Partners

Singtel

3.37

3.8

Buy

Sum of parts

02/20/25

Lim & Tan

Singtel

3.37

3.75

Accumulate


02/20/25

Kim Eng

Singtel

3.37

3.72

Buy

Sum of parts

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



Stock calls for 12 December 2025

Date

Analyst

Company

Last

Target

Call

Valuation

12/12/25

Lim & Tan

Hongkong Land

6.93

7.5

Accumulate on weakness


12/12/25

DMG & Partners

HRnetGroup

0.715

0.85

Buy


12/12/25

CIMB

Keppel Reit

1.03

1.2

Add

DDM

12/12/25

CIMB

Mapletree Commercial

1.43

1.52

Add

DDM

12/12/25

CIMB

Seatrium

2.08

2.67

Add

DDM

12/12/25

Lim & Tan

Seatrium

2.08

2.81

Accumulate on weakness


12/12/25

CIMB

Sembcorp Industries

5.82

7.77

Add

PER13x

12/12/25

JPM

Sembcorp Industries

5.82

5.9

Neutral


12/12/25

UOB Kay Hian

SGX

16.7

17.3

Hold

PER25.5x FY27

12/12/25

Kim Eng

SGX

16.7

18.81

Buy


12/12/25

DBS Vickers

Singtel

4.56

5.71

Buy

Sum of parts