Yangzijiang Shipping - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/03/24	DBS Vickers	Yangzijiang Shipping	2.43	2.88	Buy
12/03/24	Lim & Tan	Yangzijiang Shipping	2.43	3.25	Accumulate
01/02/25	UOB Kay Hian	Yangzijiang Shipping	2.99	3.6	Buy	PER9.7x
01/08/25	CIMB	Yangzijiang Shipping	2.95	3.62	Add
02/03/25	UOB Kay Hian	Yangzijiang Shipping	3.05	3.6	Buy	PER9.7x
02/04/25	DBS Vickers	Yangzijiang Shipping	3.03	3.8	Buy	PB2.5x FY25, PER11x FY25
02/28/25	UOB Kay Hian	Yangzijiang Shipping	2.44	3.5	Buy	PER9.5x
03/05/25	Lim & Tan	Yangzijiang Shipping	2.34	3.36	Accumulate
03/25/25	DBS Vickers	Yangzijiang Shipping	2.4	3.8	Buy	PB2.5x FY25, PER11x FY25
04/09/25	Lim & Tan	Yangzijiang Shipping	1.9	3.3	Accumulate on weakness
04/21/25	DBS Vickers	Yangzijiang Shipping	2.06	3.8	Buy	PB2.5x FY25, PER11x FY25
05/07/25	UOB Kay Hian	Yangzijiang Shipping	2.06	3.5	Buy	PER9.6x
05/23/25	DBS Vickers	Yangzijiang Shipping	2.14	3.8	Buy	PB2.5x FY25, PER11x FY25
05/26/25	UOB Kay Hian	Yangzijiang Shipping	2.05	3.29	Buy	PER9.1x
05/26/25	CIMB	Yangzijiang Shipping	2.05	2.72	Add	PER
08/07/25	UOB Kay Hian	Yangzijiang Shipping	2.63	3.45	Buy	PER8.6x
08/07/25	DBS Vickers	Yangzijiang Shipping	2.63	3.8	Buy	PB2.5x FY25, PER11x FY25
08/07/25	CIMB	Yangzijiang Shipping	2.63	3.9	Add	PER
09/01/25	DBS Vickers	Yangzijiang Shipping	2.91	3.8	Buy	PB2.5x FY25, PER11x FY25
09/04/25	UOB Kay Hian	Yangzijiang Shipping	3.06	3.6	Buy	PER8.5x
09/29/25	Lim & Tan	Yangzijiang Shipping	3.28	3.73	Accumulate on weakness
10/10/25	DBS Vickers	Yangzijiang Shipping	3.44	3.8	Buy	PB2.5x FY25, PER11x FY25
10/27/25	UOB Kay Hian	Yangzijiang Shipping	3.47	3.9	Buy	PER9.3x FY26
11/18/25	DBS Vickers	Yangzijiang Shipping	3.42	3.8	Buy	PB2.5x FY25, PER11x FY25
11/19/25	UOB Kay Hian	Yangzijiang Shipping	3.26	4.1	Buy	PER9.3x FY26
11/20/25	CIMB	Yangzijiang Shipping	3.35	4.51	Add	PER
12/08/25	UOB Kay Hian	Yangzijiang Shipping	3.43	4.1	Buy	PER9.3x FY26

Yangzijiang Maritime - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/21/25	DBS Vickers	Yangzijiang Maritime	0.695	0.85	Buy	PB1.4x

Stock calls for 29 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/29/25	Amfrasers	Centurion	1.34	1.8	Outperform	DCF

Chinese citizens bashed PM Wong over Sino-Japan spat. - Part 11

PM Wong continued to infuriate and antagonize China!

We need to hang on for a rough ride under PM Wong's leadership because he will keep offending China.  A big economy like China won't just tolerate any nonsensical attack from a small country like Singapore.  Singapore will become a sunset country if we keep offending China because the US will abandon Singapore in the end.

https://inf.news/en/world/45714017d2e5ca88269b24a2e211471a.html

Baltic dry index - 1877

 
Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 545

Related stock: Seatrium & Cosco.

Yangzijiang Financial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/27/24	Lim & Tan	Yangzijiang Financial	0.4	0	Buy
04/01/25	CIMB	Yangzijiang Financial	0.795	1.09	Add
04/01/25	Lim & Tan	Yangzijiang Financial	0.795	0.66	Hold
09/09/25	CIMB	Yangzijiang Financial	1.09	1.25	Add	Sum of parts
10/02/25	Lim & Tan	Yangzijiang Financial	1.18	1.25	Hold
11/21/25	DBS Vickers	Yangzijiang Financial	0.5	0.48	Hold	PB0.9x (ex-maritime)

XMH - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/13/24	Lim & Tan	XMH	0.365	0	Accumulate
12/16/25	Lim & Tan	XMH	0.153	0	Accumulate

Winking - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/25/25	Amfrasers	Winking	0.255	0.31	Outperform	DCF

Stock calls for 26 December 2025

Date	Analyst	Company	Last	Target	Call	Valuation
12/26/25	Lim & Tan	Frasers Centrepoint Trust	2.31	2.6	Accumulate on weakness

The quarterly core PCE inflation is rearing its head again.

The US government is struggling to bring down its inflation to the Fed's target of 2%.

The latest US GDP figure is severely skewed by the government shutdown.

Let's break down the GDP numbers to see what had happened.

GDP growth = G + I + C + NE

Q2 GDP (Final estimate) = (-0.01) + (-2.66) + 1.68 + 4.83 = 3.84 (3.8)

Q3 GDP (First estimate) = 0.39 + (-0.02) + 2.39 + 1.59 = 4.35 (4.3)

We can ignore this fantastic GDP headline figure because it is heavily skewed by the US government shutdown.  Many micro GDP component data had been skewed and these skewed data had caused the headline GDP figure to spike.  The next GDP figure will crash because of this skewed effect.

Wing Tai - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/25	Lim & Tan	Wing Tai	1.4	0	Hold

Wilmar - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
12/31/24	Lim & Tan	Wilmar	3.09	3.27	Hold
01/09/25	CIMB	Wilmar	3.05	3.47	Add
01/10/25	Aletheia Capital	Wilmar	3.04	3.54	Buy
01/22/25	DMG & Partners	Wilmar	3.08	3.1	Neutral	Sum of parts
02/07/25	UOB Kay Hian	Wilmar	3.26	3.18	Hold	Sum of parts
02/21/25	DBS Vickers	Wilmar	3.21	3.8	Buy	PER12.1x FY25
02/24/25	UOB Kay Hian	Wilmar	3.08	3.45	Buy	Sum of parts
02/24/25	DMG & Partners	Wilmar	3.08	3	Neutral	Sum of parts
02/24/25	Citi Research	Wilmar	3.08	3.15	Hold
02/24/25	OCBC	Wilmar	3.08	3.67	Buy
04/22/25	CIMB	Wilmar	3.13	3.15	Hold
04/30/25	UOB Kay Hian	Wilmar	3.02	3.45	Buy	Sum of parts
04/30/25	DBS Vickers	Wilmar	3.02	3.8	Buy	PER12.1x FY25
05/02/25	DMG & Partners	Wilmar	3.06	3	Neutral
05/02/25	Citi Research	Wilmar	3.06	3.25	Buy	PER11x FY26
05/05/25	Kim Eng	Wilmar	3.06	4.05	Buy
05/16/25	DBS Vickers	Wilmar	3.06	3.8	Buy
06/18/25	DBS Vickers	Wilmar	3.01	3.8	Buy
06/19/25	Citi Research	Wilmar	2.93	3.25	Buy	PER11x FY26
07/09/25	DMG & Partners	Wilmar	2.94	2.8	Neutral
07/22/25	CIMB	Wilmar	3.02	2.7	Reduce
08/12/25	DBS Vickers	Wilmar	2.97	3.8	Buy	PER12.1x FY25
08/13/25	UOB Kay Hian	Wilmar	2.97	3.45	Buy	Sum of parts
08/13/25	CIMB	Wilmar	2.97	2.7	Reduce
09/02/25	DBS Vickers	Wilmar	2.96	3	Hold	PER11.7x FY26
09/26/25	Lim & Tan	Wilmar	2.89	0	Avoid
09/26/25	DMG & Partners	Wilmar	2.89	2.5	Sell	Sum of parts
09/29/25	CIMB	Wilmar	2.85	2.7	Reduce
10/09/25	CIMB	Wilmar	2.89	3.3	Add	PER
10/21/25	Lim & Tan	Wilmar	2.95	3	Avoid
10/31/25	UOB Kay Hian	Wilmar	3.12	3.5	Buy	Sum of parts
10/31/25	DBS Vickers	Wilmar	3.12	3	Hold	PER11.7x FY26
11/03/25	CIMB	Wilmar	3.13	3.6	Add
11/03/25	DMG & Partners	Wilmar	3.13	3	Neutral	Sum of parts
11/14/25	OCBC	Wilmar	3.36	3.58	Buy

Wee Hur - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/25	phillip	Wee Hur	0.42	0.62	Buy	Sum of parts
03/10/25	phillip	Wee Hur	0.43	0.62	Buy	Sum of parts
04/04/25	phillip	Wee Hur	0.46	0.62	Buy	Sum of parts
05/02/25	phillip	Wee Hur	0.525	0.62	Buy	Sum of parts
07/03/25	phillip	Wee Hur	0.475	0.55	Buy	Sum of parts
07/21/25	DBS Vickers	Wee Hur	0.585	0.8	Unrated	Sum of parts (10% disc)
08/06/25	CIMB	Wee Hur	0.695	0.91	Add
08/25/25	phillip	Wee Hur	0.715	0.9	Buy	Sum of parts
10/31/25	phillip	Wee Hur	0.725	0.9	Buy	Sum of parts
11/26/25	DMG & Partners	Wee Hur	0.685	0.95	Add