First Resources - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/26/20	CIMB	First Resources	1.28	1.8	Add
05/26/20	Kim Eng	First Resources	1.28	1.85	Buy	PER18x FY20
05/26/20	DMG & Partners	First Resources	1.28	1.25	Neutral	PER14x FY20
05/26/20	UOB Kay Hian	First Resources	1.28	1.65	Buy
05/26/20	DBS Vickers	First Resources	1.28	1.7	Buy	DCF
06/26/20	DMG & Partners	First Resources	1.33	1.35	Neutral	PER14x FY21
07/27/20	DMG & Partners	First Resources	1.39	1.45	Neutral	PER14x FY21
08/17/20	CIMB	First Resources	1.38	1.8	Add
08/17/20	DBS Vickers	First Resources	1.38	1.7	Buy	DCF
08/17/20	DMG & Partners	First Resources	1.38	1.45	Neutral	PER14x FY21
08/17/20	UOB Kay Hian	First Resources	1.38	1.65	Buy
08/17/20	Kim Eng	First Resources	1.38	1.79	Buy	PER18x FY20
11/03/20	CIMB	First Resources	1.22	1.8	Add
11/03/20	DMG & Partners	First Resources	1.22	1.45	Buy
11/16/20	UOB Kay Hian	First Resources	1.28	1.75	Buy
11/16/20	DBS Vickers	First Resources	1.28	1.7	Buy	DCF
11/16/20	CIMB	First Resources	1.28	1.64	Add
11/16/20	Kim Eng	First Resources	1.28	1.96	Buy	PER17x FY21
12/08/20	CIMB	First Resources	1.37	1.64	Add
01/06/21	DBS Vickers	First Resources	1.38	1.7	Buy
01/11/21	UOB Kay Hian	First Resources	1.49	1.75	Buy	PER12x FY21
01/14/21	UOB Kay Hian	First Resources	1.69	1.85	Buy
01/15/21	DMG & Partners	First Resources	1.63	1.9	Buy	PER15x FY21
02/02/21	UOB Kay Hian	First Resources	1.55	1.85	Buy
02/03/21	DBS Vickers	First Resources	1.59	1.83	Buy	DCF
03/01/21	Kim Eng	First Resources	1.45	1.88	Buy	PER17x FY21
03/01/21	UOB Kay Hian	First Resources	1.45	1.7	Buy
03/01/21	DMG & Partners	First Resources	1.45	1.6	Neutral	PER14x FY22
03/15/21	DBS Vickers	First Resources	1.44	1.83	Buy

First Reit- Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/03/20	CIMB	First Reit	0.555	0.957	Add	DDM
09/21/20	Lim & Tan	First Reit	0.455	0	Hold

Far East Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/05/20	UOB Kay Hian	Far East Hospitality	0.49	0.62	Buy	DDM
06/01/20	DBS Vickers	Far East Hospitality	0.495	0.6	Buy
06/08/20	UOB Kay Hian	Far East Hospitality	0.545	0.62	Buy
06/09/20	CIMB	Far East Hospitality	0.57	0.59	Add
07/02/20	UOB Kay Hian	Far East Hospitality	0.5	0.62	Buy
07/21/20	CIMB	Far East Hospitality	0.49	0.592	Add
08/03/20	DBS Vickers	Far East Hospitality	0.49	0.6	Buy
08/04/20	OCBC	Far East Hospitality	0.49	0.51	Hold
08/26/20	UOB Kay Hian	Far East Hospitality	0.52	0.58	Buy
09/02/20	DBS Vickers	Far East Hospitality	0.54	0.6	Buy
09/02/20	OCBC	Far East Hospitality	0.54	0.51	Hold
09/02/20	UOB Kay Hian	Far East Hospitality	0.54	0.58	Buy
09/25/20	UOB Kay Hian	Far East Hospitality	0.555	0.72	Buy	DDM
10/02/20	CIMB	Far East Hospitality	0.545	0.629	Add
10/13/20	DBS Vickers	Far East Hospitality	0.56	0.6	Buy
11/02/20	Kim Eng	Far East Hospitality	0.56	0.6	Buy	DDM
11/03/20	DBS Vickers	Far East Hospitality	0.55	0.6	Buy
11/03/20	OCBC	Far East Hospitality	0.55	0.58	Hold
11/05/20	CIMB	Far East Hospitality	0.575	0.629	Add
11/18/20	UOB Kay Hian	Far East Hospitality	0.655	0.74	Buy
11/23/20	OCBC	Far East Hospitality	0.635	0.66	Hold
12/01/20	DBS Vickers	Far East Hospitality	0.635	0.7	Buy
12/02/20	UOB Kay Hian	Far East Hospitality	0.645	0.74	Buy	DDM
01/11/21	UOB Kay Hian	Far East Hospitality	0.62	0.74	Buy
02/15/21	Kim Eng	Far East Hospitality	0.585	0.7	Buy	DDM
02/16/21	UOB Kay Hian	Far East Hospitality	0.59	0.72	Buy
02/17/21	CIMB	Far East Hospitality	0.595	0.639	Add
02/17/21	OCBC	Far East Hospitality	0.595	0.66	Buy
03/09/21	OCBC	Far East Hospitality	0.575	0.66	Buy
03/24/21	CIMB	Far East Hospitality	0.62	0.745	Add	DDM

Stock calls for 26 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/26/21	CIMB	ART	1.06	1.2	Add	PB1.07x
03/26/21	CIMB	CDL Hospitality	1.24	1.43	Add	PB1.1x
03/26/21	CIMB	Comfortdelgro	1.69	1.82	Add	PER16.8x CY22
03/26/21	CIMB	UMS	1.26	1.53	Add	PB
03/26/21	UOB Kay Hian	Wilmar	5.36	6.4	Buy

The truth about Xinjiang's cotton!

https://www.reuters.com/article/us-usa-china-xinjiang-idUSKBN2AI2H7

The US falsely accused China of using forced labour and slaves of more than half a million to harvest cotton (by hands) in Xinjiang.  The accusation is completely false and can be easily refuted by this video.

Machinery is used to harvest cotton in Xinjiang many years ago because it is more productive and also cheaper.  However, some ill-intentioned people paid Uyghurs to take pictures in the cotton field so that they could use the pictures to smear China (See below).

The US had used this ruse before by using a bogus HK virologist.

http://sg-stock.blogspot.com/2020/09/bogus-hk-virologists-accusation-about.html

Xinjiang's GDP was growing at 7.2% annually before the pandemic and it wouldn't have achieved a high growth annually with such labourers.  I'm surprised that there was no mass exodus of Uyghurs under such "harsh working" conditions.

If using machinery to harvest crops is considered forced labour, then the US also uses a lot of forced labour because it uses machinery too.