Cenurion Accommodation - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/19/25	Lim & Tan	Cenurion Accommodation	0.88	0	Subscribe
10/28/25	UOB Kay Hian	Cenurion Accommodation	1.08	1.23	Buy	DDM
11/06/25	DBS Vickers	Cenurion Accommodation	1.04	1.3	Buy	DCF
11/27/25	Kim Eng	Cenurion Accommodation	1.19	1.27	Buy	DDM
12/08/25	DBS Vickers	Cenurion Accommodation	1.1	1.3	Buy	DCF
01/05/26	UOB Kay Hian	Cenurion Accommodation	1.12	1.23	Buy	DDM
01/14/26	Lim & Tan	Cenurion Accommodation	1.14	1.25	Accumulate
01/19/26	DBS Vickers	Cenurion Accommodation	1.12	1.3	Buy	DCF
01/22/26	CIMB	Cenurion Accommodation	1.1	1.38	Add	DDM
02/11/26	DBS Vickers	Cenurion Accommodation	1.12	1.3	Buy	DCF
02/25/26	UOB Kay Hian	Cenurion Accommodation	1.13	1.55	Buy	DDM
02/25/26	CIMB	Cenurion Accommodation	1.13	1.39	Add	DDM
03/10/26	UOB Kay Hian	Cenurion Accommodation	1.06	1.55	Buy	DDM
05/06/26	DBS Vickers	Cenurion Accommodation	1.1	1.3	Buy	DCF
05/06/26	Lim & Tan	Cenurion Accommodation	1.1	1.31	Accumulate
05/07/26	CIMB	Cenurion Accommodation	1.12	1.39	Add	DDM

Stock calls for 23 July 2026

Date	Analyst	Company	Last	Target	Call	Valuation
07/23/26	UOB Kay Hian	Food Empire	2.4	3.49	Buy	PER25x FY26, Ex-Bonus (1 for 5)
07/23/26	DBS Vickers	Genting	0.63	0.67	Hold	EV/Ebitda7.3x FY26
07/23/26	DBS Vickers	Keppel DC Reit	2.34	2.6	Buy
07/23/26	OCBC	Keppel DC Reit	2.34	2.86	Buy
07/23/26	Lim & Tan	Keppel DC Reit	2.34	2.65	Accumulate
07/23/26	Lim & Tan	OUE Commercial	0.365	0.44	Accumulate
07/23/26	DBS Vickers	PanUnited	1.59	1.88	Buy	PER18x FY27/28

Red alert: The AI bloodbath is not over yet! - Part 2

The US secretary of treasury (Bessant) is likely to sanction China AI as more US corporates and americans dump US AI for China AI because China AI's cost performance index is nonpareil.

Moreover, Nvidia Huang is urging US firms to switch to China AI models due to their excellency.

As usual, the US has started to discredit and smear China AI before imposing any sanction.  The smearing campaign is a precursory signal of more severe measures later but China won't sit back and do nothing to protect its Chinese firms.  We are expecting tit-for-tat retaliations from China for the US sanctions.

The Iran war situation report. - Part 91

The red sea blockage has become more restrictive now as more ships (7 insofar) can't get past because the shippers know that the threat is a real danger.

Thereafter, Trump issued more threats to Iran but Iran won't be threatened by Trump.

The crude oil has spiked to above 93 because of blockages in the red sea and hormuz.

Trump can't sustain this illegal war for long because the US is running out of cash, missiles and rising inflation, particulary the US gas prices.

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/06/25	DMG & Partners	Centurion	1.79	2.01	Buy	Sum of parts
08/08/25	Lim & Tan	Centurion	1.81	1.2	Accumulate on weakness
08/11/25	CIMB	Centurion	1.69	2.04	Add	RNAV
08/13/25	Phillip	Centurion	1.78	2.01	Accumulate	Sum of parts
08/19/25	Lim & Tan	Centurion	1.71	2	Accumulate on weakness	Sum of parts
09/03/25	Lim & Tan	Centurion	1.73	2	Accumulate on weakness	Sum of parts
09/15/25	Phillip	Centurion	1.74	2.01	Accumulate	Sum of parts
10/15/25	Lim & Tan	Centurion	1.42	2.02	Accumulate on weakness	Sum of parts
10/24/25	DMG & Partners	Centurion	1.46	1.85	Buy	Sum of parts
11/06/25	uSMART	Centurion	1.38	1.8	Buy
11/17/25	Phillip	Centurion	1.38	1.81	Buy	Sum of parts
11/17/25	Lim & Tan	Centurion	1.38	1.82	Accumulate
11/20/25	UOB Kay Hian	Centurion	1.36	1.9	Buy	PER
11/24/25	Kim Eng	Centurion	1.37	1.52	Buy
12/03/25	Lim & Tan	Centurion	1.34	1.78	Accumulate
12/09/25	DMG & Partners	Centurion	1.3	1.86	Buy	Sum of parts
12/29/25	Amfrasers	Centurion	1.34	1.8	Outperform	DCF
01/16/26	Lim & Tan	Centurion	1.43	1.78	Accumulate
01/20/26	UOB Kay Hian	Centurion	1.42	1.9	Buy
01/22/26	DMG & Partners	Centurion	1.49	1.88	Buy	Sum of parts
03/03/26	UOB Kay Hian	Centurion	1.51	1.9	Buy	PER12.5x
03/12/26	Phillip	Centurion	1.44	1.81	Buy	Sum of parts
03/18/26	Lim & Tan	Centurion	1.46	1.8	Accumulate
03/27/26	Amfrasers	Centurion	1.47	1.85	Outperform	DCF
04/06/26	Lim & Tan	Centurion	1.46	1.8	Accumulate
04/20/26	Lim & Tan	Centurion	1.68	1.83	Accumulate
04/21/26	UOB Kay Hian	Centurion	1.66	1.9	Buy	PER12.4x FY26
04/23/26	DMG & Partners	Centurion	1.68	1.87	Buy	Sum of parts
04/27/26	Lim & Tan	Centurion	1.65	1.9	Accumulate
04/30/26	CIMB	Centurion	1.63	1.89	Add	RNAV
05/12/26	UOB Kay Hian	Centurion	1.61	2.1	Buy	PER12.5x FY26
05/14/26	Lim & Tan	Centurion	1.67	1.87	Accumulate
05/18/26	Phillip	Centurion	1.52	1.85	Buy	Sum of parts
06/11/26	DBS Vickers	Centurion	1.41	1.86	Buy	Sum of parts
06/18/26	Lim & Tan	Centurion	1.51	1.81	Accumulate
07/07/26	Lim & Tan	Centurion	1.48	1.84	Accumulate
07/10/26	Kim Eng	Centurion	1.48	1.69	Buy
07/13/26	DBS Vickers	Centurion	1.56	1.86	Buy	Sum of parts

CDL Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	Kim Eng	CDL Hospitality	0.8	0.7	Hold	DDM
09/24/25	DMG & Partners	CDL Hospitality	0.815	0.88	Neutral	DDM
10/31/25	CIMB	CDL Hospitality	0.82	0.87	Add	DDM
11/25/25	Lim & Tan	CDL Hospitality	0.825	0.83	Hold
12/08/25	DBS Vickers	CDL Hospitality	0.81	1	Buy
12/08/25	Citi Research	CDL Hospitality	0.81	0.8	Sell
02/02/26	DBS Vickers	CDL Hospitality	0.865	1	Buy	DCF
02/02/26	DMG & Partners	CDL Hospitality	0.865	1	Buy	DDM
02/02/26	Kim Eng	CDL Hospitality	0.865	1	Buy
02/02/26	Citi Research	CDL Hospitality	0.865	0.6	Sell	DDM & RNAV
02/03/26	Lim & Tan	CDL Hospitality	0.875	0.88	Hold
05/04/26	CIMB	CDL Hospitality	0.81	0.9	Add	DDM
06/29/26	JPM	CDL Hospitality	0.775	0.85	Neutral

CapitaRetail China - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/25	DBS Vickers	CapitaRetail China	0.76	0.75	Hold	DCF
09/30/25	OCBC	CapitaRetail China	0.785	0.705	Hold
10/31/25	DBS Vickers	CapitaRetail China	0.79	0.75	Hold	DCF
02/05/26	JPM	CapitaRetail China	0.79	0.78	Neutral
02/05/26	DBS Vickers	CapitaRetail China	0.785	0.75	Hold	DCF
02/06/26	OCBC	CapitaRetail China	0.78	0.655	Sell
03/25/26	OCBC	CapitaRetail China	0.635	0.655	Hold
04/15/26	JPM	CapitaRetail China	0.67	0.66	Neutral
06/29/26	JPM	CapitaRetail China	0.635	0.66	Neutral

Stock calls for 22 July 2026

Date	Analyst	Company	Last	Target	Call	Valuation
07/22/26	DMG & Partners	A-Reit	2.52	3	Buy	DDM
07/22/26	DBS Vickers	Hutchison Port	0.189	0.26	Buy	DCF
07/22/26	Lim & Tan	Hutchison Port	0.189	0.23	Accumulate
07/22/26	Lim & Tan	Innotek	0.555	0	Hold
07/22/26	DBS Vickers	UOB	42.72	35.7	Hold	GGM, PB1.1x FY26
07/22/26	CIMB	Yangzijiang Shipping	3.73	5.1	Add	PER