Hongkong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/05/20	DBS Vickers	Hongkong Land	4.13	5.22	Buy	RNAV (55% discount)
07/30/20	Lim & Tan	Hongkong Land	3.72	0	Buy
07/30/20	DBS Vickers	Hongkong Land	3.72	4.94	Buy	RNAV (55% discount)
08/03/20	DBS Vickers	Hongkong Land	3.79	4.8	Buy	RNAV (55% discount)
08/03/20	CIMB	Hongkong Land	3.79	5.1	Add
09/15/20	Lim & Tan	Hongkong Land	3.8	0	Buy
10/16/20	Lim & Tan	Hongkong Land	3.79	0	Buy
12/02/20	CIMB	Hongkong Land	4.19	5.1	Add
03/16/21	CIMB	Hongkong Land	5.15	5.7	Add	RNAV (45% discount), Up from $5.30

Ho Bee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/14/20	CIMB	Ho Bee	2.19	2.7	Add	Up from $2.56
10/20/20	UOB Kay Hian	Ho Bee	2.28	3.32	Buy	RNAV (40% discount)

Stock calls for 7 April 2021

Date	Analyst	Company	Last	Target	Call	Valuation
04/07/21	UOB Kay Hian	CSE Global	0.54	0.68	Buy
04/07/21	CIMB	Hong Leong Asia	0.825	1.18	Add	Sum of parts
04/07/21	Lim & Tan	Overseas Edu	0.315	0	Accumulate on weakness
04/07/21	DMG & Partners	Raffles Medical	1.17	1.29	Buy
04/07/21	DBS Vickers	ST Engineering	3.95	4.2	Buy
04/07/21	DBS Vickers	Straits Trading	2.89	3.9	Buy	Sum of parts (40% discount)

The US is imposing its economic policies on the world again! - Part 2

https://finance.yahoo.com/news/gopinath-imf-very-much-in-support-of-global-minimum-corporate-tax-144331721.html

Omg! The US is proposing to set the minimum global corporate tax rate at 21% which is much higher than Singapore's corporate rate tax of 17%.  This means SG will have to increase its corporate tax by 4% to 21% for compliance and this will increase the cost of doing business.  It doesn't make sense for SG to have a high corporate tax because SG is not a welfare state and SG doesn't have unemployment and other benefits like the western countries.

Western countries need high taxes because they have welfare and retirement benefits but many Asian countries do not.  Therefore, Asian countries cannot afford to follow western economic policies.

As the world bank and IMF are under the control of these western countries, they can easily force Asian countries to comply with the "global rules" that they set.  Therefore, we need to set up our own Asian Bloc to serve and protect our own Asian interests.

Russia has thrown its weight behind Myanmar Junta. - Part 2

https://www.channelnewsasia.com/news/world/russia-warns-myanmar-sanctions-spark-full-blown-civil-conflict-14566310

Russia has spoken up for Myanmar Junta again.  However, Myanmarese protestors still don't dare to protest against Russia or burn the Russian flag.

It looks like the Myanmarese specifically target only China.

https://sg.news.yahoo.com/myanmar-protesters-burn-chinese-flag-120821284.html

China, Russia, India and Vietnam all refused to take further punitive actions against the military junta in the recent UNSC meeting but the Myanmarese only targeted China by burning China's flag.

We had stated previously we couldn't comprehend the Myanmarese protestors.  The only logical deduction is that they're being controlled by a foreign power.

https://sg-stock.blogspot.com/2021/03/russia-has-thrown-its-weight-behind.html

The Myanmarese protestors are not getting support from its neighbours and they don't bother to understand the conundrum.  India and Vietnam won't support the protestors because they don't want to offend Russia since they're buying Russian weapons.  China has a diplomatic policy of not interfering in internal domestic affairs and won't be supporting the protestors.  Thailand also won't support the protestors since it is on good terms with the junta.  Let's not forget that Thailand was the only one giving advice to the junta on the military coup since it had the experience.  Thailand also stopped the Myanmarese refugees from crossing the Thai border.

https://www.hrw.org/news/2021/03/10/thailand-stop-border-pushbacks-provide-protection

If these protestors want China to rein in the junta, they should approach China with good gestures.  No matter what, they shouldn't protest against China and burn the China flag but still want China to help them.

Furthermore, many other ASEAN countries (including SG) also won't sanction the military junta.  Therefore, the Myanmarese protestors are making the wrong move by allowing themselves to be used by the west.  The west wants to see the China-Myanmar port and oil pipeline being terminated and these protestors are playing right into the western hand.

These protestors will only lose more lives and bring a civil war upon themselves.  I don't know whether I should pity them or laugh at their own stupidity.

Hi-P - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/03/20	Kim Eng	Hi-P	1.28	1.23	Hold	PB1.4x FY21
08/03/20	DBS Vickers	Hi-P	1.28	1.34	Hold	PER13x FY21
08/03/20	UOB Kay Hian	Hi-P	1.28	1.11	Sell
09/09/20	CIMB	Hi-P	1.18	1.23	Hold	PB1.52x FY20
09/30/20	Kim Eng	Hi-P	1.13	1.23	Buy	PB1.4x FY21
10/05/20	CIMB	Hi-P	1.14	1.23	Hold
12/21/20	Kim Eng	Hi-P	2	1.23	Sell	Accept offer price of $2
12/21/20	Lim & Tan	Hi-P	2	2	Accept Offer	offer price @ $2

Guocoland - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/25/20	Lim & Tan	Guocoland	1.4	0	Accumulate

Grand Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/06/20	CIMB	Grand Venture	0.22	0.262	Add
08/12/20	CIMB	Grand Venture	0.26	0.36	Add
02/23/21	CIMB	Grand Venture	0.54	0.605	Add	GGM, PB3.31x FY21

Stock calls for 6 April 2021

Date	Analyst	Company	Last	Target	Call	Valuation
04/06/21	DBS Vickers	Frasers Centrepoint Trust	2.53	3	Buy	DCF
04/06/21	Lim & Tan	KSH	0.36	0	Accumulate
04/06/21	DMG & Partners	Singtel	2.48	3.1	Buy
04/06/21	OCBC	SPH	1.77	1.92	Buy	Sum of parts
04/06/21	DMG & Partners	Starhub	1.32	1.38	Neutral

The US is imposing its economic policies on the world again!

https://sg.news.yahoo.com/yellen-says-global-minimum-tax-172944769.html

The US wants the world to impose a minimum global corporate tax rate because the US has to increase its corporate tax rate to finance its trillion dollars stimulus packages and welfares.

The developing countries are not welfare states and don't have trillion dollars stimulus packages.  Therefore, it is unfair for these developing countries to have similar corporate tax rates to the US.

Thus, this accentuates again the need for Asia to form an Asian Bloc to protect Asia from unilateral western economic policies.

http://sg-stock.blogspot.com/2021/03/the-time-for-asia-to-rise-up-has-come.html

Pfizer has finally come clean about its vaccine efficacy. - Part 2

http://sg-stock.blogspot.com/2021/02/pfizer-has-finally-come-clean-about-its.html

In Feb 2021, Pfizer said that the B1351 variant would reduce its vaccine's efficacy by 2/3 after analyzing its lab studies.

https://www.reuters.com/article/us-health-coronavirus-vaccines-variants-idUSKBN2AH2VG

In April 2021, Pfizer declared that its vaccine was effective against B1351.

https://www.beckershospitalreview.com/pharmacy/pfizer-covid-19-vaccine-effective-against-south-africa-variant.html

Look like we'll only know the truth in the real world.

Since Japan is inoculating its people with Pfizer's vaccines, we will know the truth soon by observing Japan's situation.  How is Japan doing now?

https://news.yahoo.com/japan-fears-covid-19-variants-084416503.html

Japan is having a resurgent right now (4th wave) and the bad news is Pfizer's vaccines are unlikely to stop the 4th wave as indicated by an AI simulation.

https://www.japantimes.co.jp/news/2021/04/03/national/vaccination-impact-fourth-wave/

United Nations: French military airstrike killed Mali civilians.

https://news.un.org/en/story/2021/03/1088722

France used falsehoods to smear China about its human rights violations such as forced labour, forced sterilization and even genocide in Xinjiang but France killed innocent Mali civilians without any remorse.

Shame on you, France!