Date | Analyst | Company | Last | Target | Call | Valuation |
01/13/23 | CIMB | BRC Asia | 1.83 | 2.5 | Add | |
02/09/23 | DBS Vickers | BRC Asia | 1.86 | 2.22 | Buy | |
02/09/23 | Lim & Tan | BRC Asia | 1.86 | 0 | Hold | |
02/13/23 | CIMB | BRC Asia | 1.82 | 2.4 | Add | PER6x CY24 |
02/16/23 | Phillip | BRC Asia | 1.84 | 2.14 | Buy | PER7x FY23 |
03/10/23 | UOB Kay Hian | BRC Asia | 1.77 | 1.66 | Hold | PER7x FY23 |
05/11/23 | DBS Vickers | BRC Asia | 1.65 | 2.22 | Buy | |
05/11/23 | CIMB | BRC Asia | 1.65 | 2.2 | Add | |
05/12/23 | Lim & Tan | BRC Asia | 1.65 | 0 | Neutral | |
05/17/23 | DBS Vickers | BRC Asia | 1.64 | 1.89 | Buy | PER8x FY23/24 |
05/18/23 | Phillip | BRC Asia | 1.63 | 1.99 | Buy | DCF |
05/18/23 | UOB Kay Hian | BRC Asia | 1.63 | 1.73 | Hold | PER7x FY23 |
08/07/23 | DBS Vickers | BRC Asia | 1.67 | 1.89 | Buy | |
08/11/23 | Phillip | BRC Asia | 1.68 | 1.99 | Buy | |
08/17/23 | UOB Kay Hian | BRC Asia | 1.66 | 1.73 | Hold | PER7x FY23 |
11/22/23 | DBS Vickers | BRC Asia | 1.65 | 1.89 | Buy | |
11/22/23 | CIMB | BRC Asia | 1.65 | 2.3 | Add | PER6x FY24 |
Thursday, November 23, 2023
BRC Asia - Stock calls
Boustead Projects - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/07/23 | Lim & Tan | Boustead Projects | 0.84 | 0.9 | Hold | Offer @ $0.90 |
Stock calls for 23 November 2023
Date | Analyst | Company | Last | Target | Call | Valuation |
11/23/23 | DBS Vickers | Frencken | 1.08 | 1.33 | Buy | PER13x |
11/23/23 | Lim & Tan | Frencken | 1.08 | 0 | Hold | |
11/23/23 | Lim & Tan | Thai Beverage | 0.54 | 0.78 | Buy |
Wednesday, November 22, 2023
Philippines President Marcos created troubles in South China Sea (SCS) for his own personal gains. - Part 2
From our backend data, we found out that many viewers were interested to read our post below. Thus, we've decided to provide more information about the historical facts in SCS.
Why didn't other claimants such as Philippines, Vietnam and Malaysia stake their SCS claims immediately after Japan's surrender? Please bear in mind that China was the sole country to stake its SCS claims in 1946.
First of all, let's figure out the period in which the 2 US navy ships accompanied the Chinese navy to reclaim the SCS.
As there was no public record of the exact date, we could only derive the time from the sea voyaged records. The USS Hornet was in the western pacific ocean from March to May of 1946 and the USS Midway was in the same region from February to June of 1946. Therefore, we could surmise that the US navy ships accompanied the Chinese navy between March to May of 1946.
Philippines was still a US colony in the first half of 1946 and it only gained independence from the US on 4th July 1946. After the US conquered and occupied Philippines from Spain, it had rejected all the illegal Spanish occupations in SCS. Thus, Philippines had no right to stake any claim in SCS when it was not even a country and its basis that it could subsume its SCS claim from its previous colonial master (Spain) was invalid.
In 1946, Vietnam was still a separated country (North Vietnam vs South Vietnam) and either side couldn't reach an agreement to stake its SCS claim. Vietnam only became a whole country (united) on 2nd July 1976. Therefore, North or South Vietnam had no right to stake its SCS claim.
In 1946, Malaysia was still a British colony and it only gained independence on 31 August 1957. The British government didn't allow its colony (Malaysia) to make any SCS claim because Britain was an US ally. Thus, Malaysia had no right to stake its SCS claim when it was not even an independent country.
In conclusion, we can determine that Philippines President Marcos sacrifices the harmony between Philippines and China for his own personal interest which is to unfreeze his family US$3B fund in the US.
Boustead - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/07/23 | CIMB | Boustead | 0.825 | 1.35 | Add | Sum of parts (20% disc) |
06/08/23 | CIMB | Boustead | 0.82 | 1.4 | Add | Sum of parts |
09/25/23 | OCBC | Boustead | 0.84 | 1.05 | Buy | Sum of parts |
11/16/23 | OCBC | Boustead | 0.86 | 1.2 | Buy |
Banyan Tree - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/25/23 | Amfrasers | Banyan Tree | 0.4 | 0.415 | Buy |
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