Month: January 2021

South Star Mining Corp. (TSXV: STS / OTCQB: STSBF) Receives Mining License / Advancing to Production Next Year

On January 6, 2021, STS announced receipt of a three-year mining license for its 100% owned Santa Cruz graphite project in Brazil.STS has all the required permits to advance to construction, commissioning, and production.Management intends to develop the project in two phases: a Phase- 1/5,000 tonne per year (“tpy”) pilot plant operation (with a CAPEX estimate of US$7.3M) in the first two years, followed by a larger 25,000 tpy Phase 2 operation (US$27.2M CAPEX).

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Apple Inc.(NASDAQ: AAPL) – Q1 Earnings Beat Expectations / Stronger than Expected Sales in China

We are raising our revenue forecasts for FY2021, and FY2022, on the back of faster growth from iPhone sales as well as strong contribution from wearables, home and accessories, and services. We expect iPhone sales to remain strong on continued consumer upgrading, as 5G networks have yet to be fully implemented across the globe. As a result of our higher revenue/EPS projections, and higher sector-average valuation metrics, we are raising our fair value estimate by 21% to $148.12, suggesting a potential return (including dividends) of 8.3% in FY2021.

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Microsoft Corp. (NASDAQ: MSFT)-Strong Q2 / Growth Potential Already Priced-In

Q2 revenue was mainly driven by 51.2% YoY growth in the gaming segment coupled with sustained revenue growth in server products and cloud services (25.8% YoY). We expect server products and cloud services to sustain growth momentum as we believe flexible work arrangements will continue to be part of business operations post-pandemic.

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