Emperador - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/11/22	UOB Kay Hian	Emperador	0.48	0.53	Hold	PER30x FY23
05/04/23	UOB Kay Hian	Emperador	0.5	0.57	Hold	PER31.5x FY23

Elite ComReit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/08/22	UOB Kay Hian	Elite ComReit	0.61	0.79	Buy	DDM
08/15/22	CIMB	Elite ComReit	0.61	0.76	Add
08/16/22	DBS Vickers	Elite ComReit	0.605	0.7	Buy	DCF
11/08/22	DBS Vickers	Elite ComReit	0.49	0.53	Hold	DCF
11/09/22	CIMB	Elite ComReit	0.49	0.59	Add
02/14/23	DBS Vickers	Elite ComReit	0.525	0.53	Hold	DCF
04/20/23	DBS Vickers	Elite ComReit	0.41	0.53	Hold

Econ Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/11/22	DBS Vickers	Econ Healthcare	0.2	0.22	Hold	PER15.5x FY23/24

Stock calls for 28 June 2023

Date	Analyst	Company	Last	Target	Call	Valuation
06/28/23	DBS Vickers	HRnetGroup	0.755	0.86	Hold	PER10x FY23/24 Ex-cash
06/28/23	DMG & Partners	Isoteam	0.056	0.12	Buy	PER9x FY24
06/28/23	UOB Kay Hian	Yangzijiang Shipping	1.45	1.65	Buy	PER8.7x FY23/24

Why did the military mutiny collapse in Russia in a day?

The Wagner leader couldn't get the Russian security forces to defect to his side because Putin enjoyed strong support in Russia.  It would be very difficult to dethrone a leader that had majority support in the country.

Let's take a look at Putin's approval ratings before and after the Ukraine war.

Putin's approval rating was at 71% before Ukraine invasion.

Putin's approval rating increased to 82% in May 2023 after Ukraine invasion.

Let's take a look at how supportive the Russians are towards Ukraine invasion.

75% of Russians still supported Ukraine invasion despite the US and EU sanctions because they knew they faced a significant threat from NATO if Ukraine joined NATO as NATO would install missiles defence system in Ukraine.

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

EC World Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/12/22	DBS Vickers	EC World Reit	0.48	0.7	Buy
08/15/22	DBS Vickers	EC World Reit	0.55	0.7	Buy
10/04/22	DBS Vickers	EC World Reit	0.525	0.7	Buy
10/10/22	DMG & Partners	EC World Reit	0.52	0.55	Neutral	DDM
11/10/22	DBS Vickers	EC World Reit	0.44	0.55	Buy
11/21/22	DBS Vickers	EC World Reit	0.485	0.4	Fully Valued
05/15/23	DBS Vickers	EC World Reit	0.295	0.4	Fully Valued

Dyna-Mac - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/18/23	Kim Eng	Dyna-Mac	0.24	0.35	Buy	PER9.5x FY23, Ex-cash
05/04/23	Kim Eng	Dyna-Mac	0.295	0.35	Buy
05/10/23	Kim Eng	Dyna-Mac	0.285	0.4	Buy
05/12/23	OCBC	Dyna-Mac	0.31	0.37	Buy
06/21/23	OCBC	Dyna-Mac	0.375	0.415	Buy	DCF
06/27/23	Kim Eng	Dyna-Mac	0.375	0.4	Buy