Singapore Stock Exchange - Equity Investments

Tuesday, April 4, 2023

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.

Saturday, April 1, 2023

First Ship Lease Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/08/22	Phillip	First Ship Lease Trust	0.075	0.04	Sell

First Resources - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/22	DMG & Partners	First Resources	1.6	1.6	Neutral
02/28/22	CIMB	First Resources	1.84	2.12	Add
02/28/22	DMG & Partners	First Resources	1.84	1.6	Neutral
03/01/22	DMG & Partners	First Resources	1.84	2	Neutral	PER10x FY22
03/01/22	Kim Eng	First Resources	1.84	1.88	Hold
03/16/22	UOB Kay Hian	First Resources	2.1	2.1	Buy
03/22/22	DBS Vickers	First Resources	2.01	2.5	Buy	DCF
04/12/22	DBS Vickers	First Resources	2.02	2.5	Buy
04/12/22	DMG & Partners	First Resources	2.02	2	Neutral
05/17/22	DMG & Partners	First Resources	2.11	2.2	Neutral	PER10x FY23
05/17/22	Kim Eng	First Resources	2.11	1.94	Sell
05/18/22	CIMB	First Resources	2.1	2.1	Hold
05/18/22	UOB Kay Hian	First Resources	2.1	2.3	Hold
06/23/22	UOB Kay Hian	First Resources	1.84	1.7	Hold
07/05/22	Kim Eng	First Resources	1.62	1.62	Hold
07/12/22	CIMB	First Resources	1.51	2.1	Hold	PER16x FY22
08/11/22	DMG & Partners	First Resources	1.45	1.5	Neutral	Sum of parts, PER8x FY23
08/15/22	DBS Vickers	First Resources	1.53	2.5	Buy
08/15/22	Kim Eng	First Resources	1.53	1.62	Buy
08/17/22	CIMB	First Resources	1.5	1.76	Add	PER11.6x FY23
09/13/22	UOB Kay Hian	First Resources	1.55	2.9	Buy
09/13/22	Kim Eng	First Resources	1.55	1.62	Buy
10/28/22	UOB Kay Hian	First Resources	1.49	1.7	Buy
11/07/22	UOB Kay Hian	First Resources	1.57	1.7	Buy
11/15/22	UOB Kay Hian	First Resources	1.71	1.85	Hold	PER9x FY23
11/15/22	DBS Vickers	First Resources	1.71	2.5	Buy
11/15/22	Kim Eng	First Resources	1.71	1.79	Buy
11/15/22	DMG & Partners	First Resources	1.71	1.75	Neutral	PER8x FY23
12/09/22	Kim Eng	First Resources	1.48	1.79	Buy
02/07/23	UOB Kay Hian	First Resources	1.52	1.85	Buy	PER9x FY23
03/02/23	UOB Kay Hian	First Resources	1.63	1.55	Hold	PER9x FY23
03/02/23	CIMB	First Resources	1.63	1.88	Add
03/02/23	DMG & Partners	First Resources	1.63	1.6	Neutral	PER8x FY23