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Tuesday, April 4, 2023

Stock calls for 3 April 2023

Date

Analyst

Company

Last

Target

Call

Valuation

04/03/23

Lim & Tan

Civmec

0.685

0

Buy


04/03/23

DMG & Partners

DBS

33

39.8

Buy


04/03/23

CIMB

Thai Beverage

0.63

0.88

Add


04/03/23

Lim & Tan

Tianjin Zhongxin

1.53

1.88

Buy


04/03/23

CIMB

Venture

17.67

20.1

Add


Sunday, April 2, 2023

Does Belarus have sovereignty rights, territorial integrity, and political independence?

The western world always advocates and supports sovereignty rights, territorial integrity and political independence for an independent state.  However, when a country exercises such rights against the interest of the western world, that "independent" country will become a target of the western world.

Belarus is an independent state and it has the prerogative to form any strategic military alliance with another country for its own security.  By depriving Belarus of such rights, the western world has violated the sovereignty rights of a nation.

If the western world can deprive Belarus, Cuba and Solomon of such rights, Russia also has the same prerogative to deprive Ukraine of joining NATO based on the universal rules based order unless the rules based order is discriminatory.

https://sg-stock.blogspot.com/2022/03/the-hard-truth-russia-is-not-wrong-to.html

China is investigating Micron chips for cybersecurity breaches.


Micron has 11% exposure to the China market and China's investigation into Micron will definitely make the other semiconductor manufacturers uptight because of the tit-for-tat action against the US.  Although the 11% is insignificant to Micron, the other Chinese electronic component supplies are the ones that worry the semiconductor manufacturers as China is a manufacturing hub.  These semiconductor manufacturers' sales will decline severely if China restricts the sales of other electronic components to them.

The US stock markets rose significantly because of receding inflation data.

The US Fed's favourite inflation indicator, Core PCE price index, had been receding which caused the US stock markets to rise significantly.  However, we do not see the Fed to reduce its rates for 2023 because of persistent sticky inflation.


Baltic dry index - 1389

Related stock: Sembcorp Marine, Cosco & Pan Ocean.

US rig count (weekly) - 755


Related stock: Sembcorp Marine & Cosco.

Saturday, April 1, 2023

First Ship Lease Trust - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

02/08/22

Phillip

First Ship Lease Trust

0.075

0.04

Sell


First Resources - Stock calls

Date

Analyst

Company

Last

Target

Call

Valuation

01/11/22

DMG & Partners

First Resources

1.6

1.6

Neutral


02/28/22

CIMB

First Resources

1.84

2.12

Add


02/28/22

DMG & Partners

First Resources

1.84

1.6

Neutral


03/01/22

DMG & Partners

First Resources

1.84

2

Neutral

PER10x FY22

03/01/22

Kim Eng

First Resources

1.84

1.88

Hold


03/16/22

UOB Kay Hian

First Resources

2.1

2.1

Buy


03/22/22

DBS Vickers

First Resources

2.01

2.5

Buy

DCF

04/12/22

DBS Vickers

First Resources

2.02

2.5

Buy


04/12/22

DMG & Partners

First Resources

2.02

2

Neutral


05/17/22

DMG & Partners

First Resources

2.11

2.2

Neutral

PER10x FY23

05/17/22

Kim Eng

First Resources

2.11

1.94

Sell


05/18/22

CIMB

First Resources

2.1

2.1

Hold


05/18/22

UOB Kay Hian

First Resources

2.1

2.3

Hold


06/23/22

UOB Kay Hian

First Resources

1.84

1.7

Hold


07/05/22

Kim Eng

First Resources

1.62

1.62

Hold


07/12/22

CIMB

First Resources

1.51

2.1

Hold

PER16x FY22

08/11/22

DMG & Partners

First Resources

1.45

1.5

Neutral

Sum of parts, PER8x FY23

08/15/22

DBS Vickers

First Resources

1.53

2.5

Buy


08/15/22

Kim Eng

First Resources

1.53

1.62

Buy


08/17/22

CIMB

First Resources

1.5

1.76

Add

PER11.6x FY23

09/13/22

UOB Kay Hian

First Resources

1.55

2.9

Buy


09/13/22

Kim Eng

First Resources

1.55

1.62

Buy


10/28/22

UOB Kay Hian

First Resources

1.49

1.7

Buy


11/07/22

UOB Kay Hian

First Resources

1.57

1.7

Buy


11/15/22

UOB Kay Hian

First Resources

1.71

1.85

Hold

PER9x FY23

11/15/22

DBS Vickers

First Resources

1.71

2.5

Buy


11/15/22

Kim Eng

First Resources

1.71

1.79

Buy


11/15/22

DMG & Partners

First Resources

1.71

1.75

Neutral

PER8x FY23

12/09/22

Kim Eng

First Resources

1.48

1.79

Buy


02/07/23

UOB Kay Hian

First Resources

1.52

1.85

Buy

PER9x FY23

03/02/23

UOB Kay Hian

First Resources

1.63

1.55

Hold

PER9x FY23

03/02/23

CIMB

First Resources

1.63

1.88

Add


03/02/23

DMG & Partners

First Resources

1.63

1.6

Neutral

PER8x FY23