CSE Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/18/21	DBS Vickers	CSE Global	0.5	0.55	Buy
02/18/21	UOB Kay Hian	CSE Global	0.5	0.53	Hold
02/25/21	CIMB	CSE Global	0.49	0.63	Add	PER12x CY22
02/25/21	DBS Vickers	CSE Global	0.49	0.64	Buy	PER9.9x
03/17/21	Amfrasers	CSE Global	0.535	0.61	Outperform	PER12x FY21
04/07/21	UOB Kay Hian	CSE Global	0.54	0.68	Buy	PER13x FY22
05/21/21	CIMB	CSE Global	0.51	0.63	Add
05/21/21	DBS Vickers	CSE Global	0.51	0.63	Buy	PER11.1x FY21
05/24/21	UOB Kay Hian	CSE Global	0.52	0.68	Buy
06/15/21	UOB Kay Hian	CSE Global	0.535	0.68	Buy
08/13/21	DBS Vickers	CSE Global	0.515	0.61	Buy	PER11x FY22
09/03/21	CIMB	CSE Global	0.475	0.61	Add	PER12x FY22
10/20/21	DBS Vickers	CSE Global	0.51	0.61	Buy
11/12/21	DBS Vickers	CSE Global	0.51	0.61	Buy
11/12/21	CIMB	CSE Global	0.51	0.61	Add	PER12x FY22
11/15/21	UOB Kay Hian	CSE Global	0.5	0.59	Buy	PER11.4x FY22
11/25/21	DBS Vickers	CSE Global	0.5	0.6	Buy	PER11.5x FY22
02/08/22	Lim & Tan	CSE Global	0.485	0	Buy
02/21/22	Lim & Tan	CSE Global	0.49	0	Hold
03/01/22	DBS Vickers	CSE Global	0.485	0.6	Buy
03/02/22	UOB Kay Hian	CSE Global	0.485	0.44	Hold	PER13x FY22
03/02/22	DBS Vickers	CSE Global	0.485	0.59	Buy	PER13.8x FY22
03/03/22	CIMB	CSE Global	0.475	0.57	Add

Cromwell EUR - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/03/21	DBS Vickers	Cromwell EUR	0.475	0.6	Buy	DCF
06/23/21	DBS Vickers	Cromwell EUR	2.37	3	Buy	DCF
08/17/21	DBS Vickers	Cromwell EUR	2.53	3	Buy	DCF
02/24/22	DBS Vickers	Cromwell EUR	2.36	2.8	Buy	DCF

Credit Bureau - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/17/21	CIMB	Credit Bureau	1.26	1.53	Add	DCF
06/07/21	Lim & Tan	Credit Bureau	1.25	0	Buy
08/03/21	CIMB	Credit Bureau	1.3	1.53	Add	DCF
08/10/21	CIMB	Credit Bureau	1.29	1.43	Add
02/25/22	CIMB	Credit Bureau	1	1.2	Add	DCF

Stock calls for 7 March 2022

Date	Analyst	Company	Last	Target	Call	Valuation
03/07/22	phillip	Comfortdelgro	1.41	1.8	Buy	DCF
03/07/22	UOB Kay Hian	Dairy Farm	2.64	3.65	Buy	PER21.1x FY22
03/07/22	DBS Vickers	Dairy Farm	2.64	3.01	Hold	Sum of parts
03/07/22	DMG & Partners	Dairy Farm	2.64	2.88	Neutral
03/07/22	CIMB	Dairy Farm	2.64	2.9	Hold
03/07/22	Amfrasers	Fortress Minerals	0.505	0.6	Buy
03/07/22	DBS Vickers	Hongkong Land	5.4	6.61	Buy	RNAV (45% discount)
03/07/22	CIMB	Hongkong Land	5.4	6.1	Add	RNAV
03/07/22	Amfrasers	Mermaid	0.091	0.084	Buy
03/07/22	OCBC	Yanlord	1.2	1.44	Buy

Hot news: FDA has just released information about mRNA side effects!

https://finance.yahoo.com/news/chd-says-pfizer-fda-dropped-205400826.html

The US FDA had tried to suppress the side effects information for 75 years but it was ordered by the court to release the information recently.

Quote:

The list includes acute kidney injury, acute flaccid myelitis, anti-sperm antibody positive, brain stem embolism, brain stem thrombosis, cardiac arrest, cardiac failure, cardiac ventricular thrombosis, cardiogenic shock, central nervous system vasculitis, death neonatal, deep vein thrombosis, encephalitis brain stem, encephalitis hemorrhagic, frontal lobe epilepsy, foaming at mouth, epileptic psychosis, facial paralysis, fetal distress syndrome, gastrointestinal amyloidosis, generalized tonic-clonic seizure, Hashimoto's encephalopathy, hepatic vascular thrombosis, herpes zoster reactivation, immune-mediated hepatitis, interstitial lung disease, jugular vein embolism, juvenile myoclonic epilepsy, liver injury, low birth weight, multisystem inflammatory syndrome in children, myocarditis, neonatal seizure, pancreatitis, pneumonia, stillbirth, tachycardia, temporal lobe epilepsy, testicular autoimmunity, thrombotic cerebral infarction, Type 1 diabetes mellitus, venous thrombosis neonatal, and vertebral artery thrombosis among 1,246 other medical conditions following vaccination.

“This is a bombshell,” said Children’s Health Defense (CHD) president and general counsel Mary Holland. “At least now we know why the FDA and Pfizer wanted to keep this data under wraps for 75 years. These findings should put an immediate end to the Pfizer COVID vaccines. The potential for serious harm is very clear, and those injured by the vaccines are prohibited from suing Pfizer for damages.”

End Quote.

Good luck to those who took the mRNA (Pfizer) vaccine!

The hard truth: Russia is not wrong to invade Ukraine. - Part 2

This is a short video about an Indian berating the US and UK for coercing India to support Ukraine.  If Russia was really wrong to invade Ukraine, there was no need to coerce others to support Ukraine.

We had stated earlier that Russia was not wrong to invade Ukraine.  Please read our post below.

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

Baltic dry index - 2148

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 650

 Related stock: Sembcorp Marine & Cosco.

The hard truth: Russia is not wrong to invade Ukraine.

Before I embark on this heartwrenching analysis, I would like that state very clearly that I am only saying it is not wrong for Russia to invade Ukraine but I'm not saying it is the right thing to do.

Why?

Let me jolt your memory about a similar historical event before we start the ball rolling.

Cuban missiles crisis:

The US used its military might to besiege Cuba to prevent it from deploying the Russian missiles system which posed a national security threat to the US because of its proximity.  In the end, Cuba relented in exchange for non-invasion by the US.  Thus, the US had never considered and respected the sovereignty rights, territorial integrity, and political independence of Cuba but instead used its military superiority to coerce Cuba into submission all in the name of US national security.  No country had sanctioned the US for this.

What were Putin's concerns prior to Ukraine's invasion?

1. Nato had expanded 5 times eastward towards Russia and had deployed its missiles systems in neighbouring countries around Russia.  Ukraine is just beside Russia and Russia won't allow Nato to deploy its missile system in Ukraine.

Since it takes at least a few minutes from the time a radar detects an incoming missile to the time in seeking approval from the higher authority to intercept the missile, no country will have enough time to prepare for a missile interception if a foreign missile can hit a country in just a few minutes.  Therefore, it is a national security threat to any country, be it the US or Russia, when a nearby hostile country is able to conduct a missile attack in just a few minutes.

2.  As Crimea is already under Russia's jurisdiction, Putin won't allow Ukraine to reclaim it under the pretext of being a Nato member.  This further reinforced Putin's conviction to invade Ukraine to eliminate his primary concerns.

We could see that Ukraine was not as smart as Cuba because it didn't avoid an invasive war like Cuba did.  The former US secretary of state, Henry Kissinger, had already stated very clearly in 2014 that Ukraine shouldn't join Nato because it would pose a serious threat to Russia and Russia would retaliate.

As the UN and the rest of the world have not punished the US retroactively for its past deeds, I see nothing wrong with Russia or other countries following in the footsteps of the US.  As the US has done many past deeds of war crimes, human rights violations, and invasions, I will only list some to substantiate my points.

Past deeds of the US:

1. US used a bottle of washing powder in the UN to declare war against Iraq and attacked Iraq without UN mandate.

2. US attacked Syria without UN mandate.

3. US attacked Libya without UN mandate.

4. US attacked Afghanistan without UN mandate.  (Bin Laden was found and killed by the US in Pakistan and not in Afghanistan.)

UN and the rest of the world didn't punish and sanction the US for all these illegal invasions and attacks that were without UN mandates.  Therefore, I can't find any valid reason to punish Russia for invading Ukraine in the name of its national security because Russia is just emulating the US.  As long as the world doesn't punish the US retroactively for its past deeds, this kind of "maverick" political action will continue in the future.

The world must enforce a universal rule-based order and condemn discriminatory rule-based order because every country must be subjected to the same scrutiny and standard.  In other words, we cannot allow a particular country to invade another country in the name of national security but condemn another country for doing exactly the same thing.  This is a very important message I want to accentuate for my viewers.

Cordlife - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/12/21	Soochow	Cordlife	0.37	0.52	Buy