Fortress Minerals

Broker's Digest: Fortress Minerals, SGX, Aztech Global - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Fortress Minerals, SGX, Aztech Global

Fortress Minerals 

Price target:
Phillip Securities “buy” 64 cents

Higher price target as iron ore prices soar

Phillip Securities raises TP for Fortress Minerals to 64 cents as iron ore prices soar - THE EDGE SINGAPORE

Broker's Calls

Phillip Securities raises TP for Fortress Minerals to 64 cents as iron ore prices soar

With iron ore demand and prices expected to rise ahead, Phillip Securities has maintained its “buy” rating for Fortress Minerals with a higher target price of 64 cents from 47 cents previously.

Fortress Minerals reports earnings of US$18.3 mil, record revenue of US$47.7 mil for FY2021 - THE EDGE SINGAPORE

Results

Fortress Minerals reports earnings of US$18.3 mil, record revenue of US$47.7 mil for FY2021

Fortress Minerals has reported earnings of US$18.3 million ($24.2 million) for the FY2021 ended February, nearly triple the earnings – or 180.9% higher – than the US$6.5 million posted in the FY202

Broker's Calls

Brokers' Digest 968

Kimly
Price target: RHB Group Research “buy” 39 cents

Higher target price amid expectations of JVs and acquisitions

Fortress Minerals still a 'buy' for PhillipCapital after strong 3Q21 results  - THE EDGE SINGAPORE

Broker's Calls

Fortress Minerals still a 'buy' for PhillipCapital after strong 3Q21 results

PhillipCapital’s Vivian Ye has maintained her “buy” call on Fortress Minerals (FML) with a higher target price of 47 cents, up from the previous figure of 28 cents.

Fortress Minerals reports 477.6% higher 3QFY2021 earnings of US$4.3 mil due to higher revenue and 'favourable operating environment' - THE EDGE SINGAPORE

Results

Fortress Minerals reports 477.6% higher 3QFY2021 earnings of US$4.3 mil due to higher revenue and 'favourable operating environment'

Fortress Minerals, the producer and exporter of high-grade iron ore concentrate from Malaysia, reported earnings of US$4.3 million ($5.7 million) for the 3QFY2021 ended November 2020, more than dou

964 Broker's Digest  - THE EDGE SINGAPORE

Broker's Calls

964 Broker's Digest

Fortress Minerals
Price target:

PhillipCapital “buy” 28 cents

Healthy volume growth with recovery of construction industry

PhillipCapital positive on new iron ore producer Fortress Minerals - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital positive on new iron ore producer Fortress Minerals

PhillipCapital’s Vivian Ye has initiated coverage on iron ore producer Fortress Minerals (FML) with a “buy” rating and target price of 28 cents.

SGX Research Series: 10 in 10

High-grade iron ore miner Fortress Minerals burnishes track record with strong earnings

1. What are Fortress Minerals’ competitive strengths in the iron ore mining industry? What is its strategy to manage competition with other players in Malaysia and China?

Results

Fortress Minerals' 1Q21 earnings nearly double to US$2.2 mil on higher sale volume and lower average unit cost of sales

SINGAPORE (July 8): Fortress Minerals, the producer and exporter of high-grade iron ore concentrate from Malaysia, reported a 97.9% increase in 1Q21 earnings to US$2.2 million ($3.0 million) from U

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