Fortress Minerals - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/14/20	Phillip	Fortress Minerals	0.205	0.275	Buy	PER11x FY21
01/18/21	Phillip	Fortress Minerals	0.31	0.47	Buy	PER11x FY21

Stock calls for 30 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/30/21	Macquarie	Comfortdelgro	1.74	1.8	Outperform
03/30/21	DMG & Partners	Fu Yu	0.305	0.33	Buy
03/30/21	Kim Eng	Q&M	0.605	0.87	Buy
03/30/21	OCBC	Shangri-La HKD	8	9.74	Buy	Up from $7.02
03/30/21	UOB Kay Hian	SPH	1.5	1.74	Buy

Is Quad Alliance serious in helping South East Asia (SEA)? No! - Part 2

https://www.channelnewsasia.com/news/asia/covid-19-asian-countries-scramble-vaccine-india-export-curbs-14523688

See, we told you so, didn't we?

http://sg-stock.blogspot.com/2021/03/is-quad-alliance-serious-in-helping.html

Don't be deceived by pseudo goodwill from the Quad Alliance!

The West is trying to use falsehoods to smear and bargain with China. - Part 2

https://tendenzblick.net/french-journalists-real-experience-truth-about-uyghur-lives-in-xinjiang/

If you want to know the true situation in Xinjiang, read a french journalist's book "The End of Uyghur Fake News".  He had visited Xinjiang twice before writing his book.

We had also used our analyses to debunk Xinjiang's falsehoods.

http://sg-stock.blogspot.com/2021/03/the-west-is-trying-to-use-falsehoods-to.html

Russia has thrown its weight behind Myanmar Junta.

Russia had sent its deputy defence minister to Myanmar to seek closer military ties and Russia would sell more military weapons to Myanmar to maintain control and power.

https://www.rferl.org/a/burma-russia-military-parade-armed-forces-day/31172189.html

The Myanmarese didn't protest against Thailand when Myanmar Junta sought military coup advice from the Thailand PM.  They also didn't protest against Russia when Russia threw its weight behind the Junta.  They only singled out China for supporting the Junta.  Why?

http://sg-stock.blogspot.com/2021/03/the-west-is-behind-myanmars-protests.html

The only logical explanation was that they were being paid by the US to do the protest.  I couldn't think of any other reason to explain this bizarre behaviour of not protesting against other countries that supported the Junta.

Russia is sending a subtle message to the world not to get involved in Myanmar or else Myanmar will become like Syria whereby Russia is directly involved.

Food Empire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/14/20	DMG & Partners	Food Empire	0.505	0.75	Buy	PER12x FY20
05/15/20	UOB Kay Hian	Food Empire	0.49	0.63	Buy	PER12.6x FY20
05/27/20	Lim & Tan	Food Empire	0.515	0.63	Accumulate	PER12.3x FY20
06/09/20	DMG & Partners	Food Empire	0.55	0.75	Buy	PER12x FY20
08/13/20	UOB Kay Hian	Food Empire	0.56	0.85	Buy	PER12.3x FY21
08/14/20	DMG & Partners	Food Empire	0.62	0.75	Buy	PER12x FY20
09/01/20	UOB Kay Hian	Food Empire	0.625	0.85	Buy
09/02/20	Lim & Tan	Food Empire	0.62	0.72	Accumulate	PER11x
10/16/20	DMG & Partners	Food Empire	0.585	0.75	Buy
11/13/20	DMG & Partners	Food Empire	0.575	0.8	Buy
11/13/20	UOB Kay Hian	Food Empire	0.575	0.88	Buy
12/09/20	UOB Kay Hian	Food Empire	0.595	0.88	Buy
12/10/20	Lim & Tan	Food Empire	0.595	0.72	Accumulate	PER11x
01/14/21	UOB Kay Hian	Food Empire	0.75	0.88	Buy	PER12.3x FY21
01/18/21	UOB Kay Hian	Food Empire	0.75	0.95	Buy
02/08/21	DMG & Partners	Food Empire	0.875	1.27	Buy
02/09/21	UOB Kay Hian	Food Empire	0.955	1.3	Buy
03/02/21	DMG & Partners	Food Empire	0.915	1.27	Buy
03/04/21	Lim & Tan	Food Empire	0.905	0	Accumulate on weakness

First Sponsor - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/21/20	Phillip	First Sponsor	1.25	1.65	Buy	RNAV (30% discount)
10/28/20	Phillip	First Sponsor	1.28	1.56	Buy	RNAV (30% discount)
02/18/21	Phillip	First Sponsor	1.33	1.56	Buy	Sum of parts (20% discount)

First Ship Lease Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/21	Phillip	First Ship Lease Trust	0.085	0.105	Buy	PB1x FY22
02/24/21	Phillip	First Ship Lease Trust	0.085	0.105	Accumulate	PB0.9x FY22

Stock calls for 29 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/29/21	phillip	PanUnited	0.295	0.4	Buy	EV/Ebitda7.8x FY21
03/29/21	Kim Eng	Thai Beverage	0.72	0.95	Buy

Malaysia has given SG a "great" Christmas gift by terminating the SG-KL HSR. - Part 2

https://www.businesstimes.com.sg/transport/malaysia-pays-s1028m-in-compensation-for-high-speed-rail-termination

Look like Malaysian media is rather accurate in the HSR termination report as the compensation is close to Malaysian's projection.

http://sg-stock.blogspot.com/2020/12/malaysia-has-given-sg-great-christmas.html

SG has given Malaysia a heavy discount!

US cotton prices have been falling after US banned Xinjiang's cotton. Why?

The common logic is that the cotton price will rise after a ban because of supply shortage but the US cotton price has been falling instead.

The US cotton price has been falling since Feb 2021 because the US has been cutting back on Xinjiang's cotton.  Why is this so?

Well, the rationale is China has to import 2-3m tonnes of cotton annually to meet its domestic demands.  Thus, China will be consuming more Xinjiang's cotton now instead of importing the US cotton and this has resulted in an oversupply in the US which causes the weakening prices.

The US thought that it could impoverish Xinjiang and cause Uyghurs' uprising in Xinjiang but it was hurting its own cotton industry in the end.

Nothing kills more than your own stupidity. Hahaha!