Singapore Stock Exchange - Equity Investments

Tuesday, April 4, 2023

Stock calls for 4 April 2023

Date	Analyst	Company	Last	Target	Call	Valuation
04/04/23	UOB Kay Hian	A-Reit	2.88	3.3	Buy
04/04/23	UOB Kay Hian	ART	1.01	1.39	Buy
04/04/23	UOB Kay Hian	Aztech	0.815	1.05	Buy	PER8.5x FY23
04/04/23	Lim & Tan	Capitaland Investment	3.75	4.23	Buy
04/04/23	DMG & Partners	Comfortdelgro	1.2	1.4	Buy	DCF
04/04/23	UOB Kay Hian	Frasers Logistics	1.31	1.56	Buy
04/04/23	Lim & Tan	Hongkong Land	4.4	5.11	Accumulate
04/04/23	UOB Kay Hian	Lendlease Reit	0.705	0.87	Buy
04/04/23	UOB Kay Hian	Mapletree Logistics	1.75	1.99	Buy
04/04/23	UOB Kay Hian	OCBC	12.46	16.92	Buy
04/04/23	UOB Kay Hian	Sembcorp Marine	0.123	0.156	Buy
04/04/23	CIMB	UOB	29.64	33.3	Add

Fortress Minerals - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/19/22	Phillip	Fortress Minerals	0.44	0.5	Accumulate	PER10x FY22
03/07/22	Amfrasers	Fortress Minerals	0.505	0.6	Buy
05/04/22	Phillip	Fortress Minerals	0.455	0.66	Buy	PER11x FY23

Food Empire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/22	DMG & Partners	Food Empire	0.765	1.01	Buy
02/28/22	DMG & Partners	Food Empire	0.58	0.93	Buy
05/19/22	DMG & Partners	Food Empire	0.53	0.95	Buy	PER13x FY22
06/01/22	DMG & Partners	Food Empire	0.54	0.95	Buy
07/05/22	DMG & Partners	Food Empire	0.515	0.95	Buy	PER13x FY22
08/15/22	DMG & Partners	Food Empire	0.555	0.95	Buy	PER10x FY22
11/14/22	UOB Kay Hian	Food Empire	0.54	0.78	Buy	PER8.4x FY23
01/04/23	UOB Kay Hian	Food Empire	0.65	0.78	Buy	PER8.4x FY23
02/13/23	Kim Eng	Food Empire	0.765	1.2	Buy	PE11x FY23
03/01/23	UOB Kay Hian	Food Empire	0.83	1.28	Buy	PER10.5x FY23
03/02/23	Kim Eng	Food Empire	0.835	1.29	Buy	PER11x FY23
03/16/23	DMG & Partners	Food Empire	0.87	1.39	Buy	PER10x FY23

First Sponsor - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/25/22	Phillip	First Sponsor	1.35	1.39	Hold	Sum of parts
08/05/22	Phillip	First Sponsor	1.27	1.39	Accumulate	Sum of parts
11/02/22	Phillip	First Sponsor	1.24	1.39	Accumulate	Sum of parts

Stock calls for 3 April 2023

Date	Analyst	Company	Last	Target	Call	Valuation
04/03/23	Lim & Tan	Civmec	0.685	0	Buy
04/03/23	DMG & Partners	DBS	33	39.8	Buy
04/03/23	CIMB	Thai Beverage	0.63	0.88	Add
04/03/23	Lim & Tan	Tianjin Zhongxin	1.53	1.88	Buy
04/03/23	CIMB	Venture	17.67	20.1	Add

Sunday, April 2, 2023

Does Belarus have sovereignty rights, territorial integrity, and political independence?

The western world always advocates and supports sovereignty rights, territorial integrity and political independence for an independent state. However, when a country exercises such rights against the interest of the western world, that "independent" country will become a target of the western world.

Belarus is an independent state and it has the prerogative to form any strategic military alliance with another country for its own security. By depriving Belarus of such rights, the western world has violated the sovereignty rights of a nation.

If the western world can deprive Belarus, Cuba and Solomon of such rights, Russia also has the same prerogative to deprive Ukraine of joining NATO based on the universal rules based order unless the rules based order is discriminatory.

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

China is investigating Micron chips for cybersecurity breaches.

Micron has 11% exposure to the China market and China's investigation into Micron will definitely make the other semiconductor manufacturers uptight because of the tit-for-tat action against the US. Although the 11% is insignificant to Micron, the other Chinese electronic component supplies are the ones that worry the semiconductor manufacturers as China is a manufacturing hub. These semiconductor manufacturers' sales will decline severely if China restricts the sales of other electronic components to them.