Far East Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/20	DBS Vickers	Far East Hospitality	0.755	0.8	Buy
02/03/20	DBS Vickers	Far East Hospitality	0.68	0.69	Hold	PB0.85x
02/13/20	CIMB	Far East Hospitality	0.67	0.64	Hold	DDM
02/17/20	OCBC	Far East Hospitality	0.66	0.65	Sell
02/17/20	UOB Kay Hian	Far East Hospitality	0.66	0.65	Hold	Buy @ $0.60
02/17/20	Kim Eng	Far East Hospitality	0.66	0.7	Hold	DDM
02/17/20	CIMB	Far East Hospitality	0.66	0.65	Hold	DDM
02/19/20	OCBC	Far East Hospitality	0.67	0.65	Hold
03/16/20	OCBC	Far East Hospitality	0.53	0.52	Hold
03/20/20	UOB Kay Hian	Far East Hospitality	0.375	0.5	Buy	DDM
04/21/20	DBS Vickers	Far East Hospitality	0.49	0.6	Buy
04/21/20	OCBC	Far East Hospitality	0.49	0.49	Hold
05/05/20	UOB Kay Hian	Far East Hospitality	0.49	0.62	Buy	DDM
06/01/20	DBS Vickers	Far East Hospitality	0.495	0.6	Buy
06/08/20	UOB Kay Hian	Far East Hospitality	0.545	0.62	Buy
06/09/20	CIMB	Far East Hospitality	0.57	0.59	Add
07/02/20	UOB Kay Hian	Far East Hospitality	0.5	0.62	Buy
07/21/20	CIMB	Far East Hospitality	0.49	0.592	Add
08/03/20	DBS Vickers	Far East Hospitality	0.49	0.6	Buy
08/04/20	OCBC	Far East Hospitality	0.49	0.51	Hold
08/26/20	UOB Kay Hian	Far East Hospitality	0.52	0.58	Buy
09/02/20	DBS Vickers	Far East Hospitality	0.54	0.6	Buy
09/02/20	OCBC	Far East Hospitality	0.54	0.51	Hold
09/02/20	UOB Kay Hian	Far East Hospitality	0.54	0.58	Buy
09/25/20	UOB Kay Hian	Far East Hospitality	0.555	0.72	Buy	DDM
10/02/20	CIMB	Far East Hospitality	0.545	0.629	Add
10/13/20	DBS Vickers	Far East Hospitality	0.56	0.6	Buy
11/02/20	Kim Eng	Far East Hospitality	0.56	0.6	Buy	DDM
11/03/20	DBS Vickers	Far East Hospitality	0.55	0.6	Buy
11/03/20	OCBC	Far East Hospitality	0.55	0.58	Hold
11/05/20	CIMB	Far East Hospitality	0.575	0.629	Add
11/18/20	UOB Kay Hian	Far East Hospitality	0.655	0.74	Buy
11/23/20	OCBC	Far East Hospitality	0.635	0.66	Hold
12/01/20	DBS Vickers	Far East Hospitality	0.635	0.7	Buy
12/02/20	UOB Kay Hian	Far East Hospitality	0.645	0.74	Buy	DDM

Stock calls for 5 January 2021

Date	Analyst	Company	Last	Target	Call
01/05/21	Kim Eng	A-Reit	2.98	4	Buy
01/05/21	Phillip	APTV	0.118	0.15	Buy
01/05/21	Phillip	ART	1.09	1.15	Buy
01/05/21	Phillip	Capitaland	3.28	3.82	Buy
01/05/21	Kim Eng	Capitaland Integrated Commercial Trust	2.19	2.5	Buy
01/05/21	phillip	Comfortdelgro	1.67	1.83	Buy
01/05/21	Phillip	Frasers Centrepoint Trust	2.48	2.79	Buy
01/05/21	CIMB	ISDN	0.425	0.65	Add
01/05/21	Phillip	Keppel Corp	5.42	6.12	Buy
01/05/21	Phillip	Manulife US Reit	0.745	0.92	Buy
01/05/21	phillip	Propnex	0.77	0.85	Buy
01/05/21	Phillip	Thai Beverage	0.73	0.86	Buy
01/05/21	CIMB	UMS	1.15	1.27	Add
01/05/21	CIMB	Venture	19.58	24.84	Add
01/05/21	Phillip	Yoma	0.285	0.46	Buy

Latest updates on Covid mutations. - Part 2

https://www.cnbc.com/2021/01/04/south-african-coronavirus-variant-more-of-a-problem-than-uk-one.html

Scientists are really worried about 501v2 virus because it is significantly different.  It might render the existing vaccines ineffective.

http://sg-stock.blogspot.com/2020/12/latest-updates-on-covid-mutations.html

If the existing vaccines cannot stop the 501v2 virus, then we're back to square one again and we'll need to wait for many months for new vaccines to be developed.  I just hope that the covid virus won't mutate so fast or else we will never catch up with the mutations.

ESR-Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/20	DMG & Partners	ESR-Reit	0.545	0.6	Buy	DDM
01/24/20	DBS Vickers	ESR-Reit	0.56	0.59	Buy	DCF
01/28/20	OCBC	ESR-Reit	0.56	0.6	Buy
01/30/20	DBS Vickers	ESR-Reit	0.555	0.48	Hold	DCF
02/25/20	OCBC	ESR-Reit	0.545	0.6	Buy
03/02/20	DBS Vickers	ESR-Reit	0.53	0.59	Buy	DCF
03/19/20	DMG & Partners	ESR-Reit	0.305	0.5	Buy	DDM
04/07/20	DMG & Partners	ESR-Reit	0.245	0.5	Buy
04/24/20	DBS Vickers	ESR-Reit	0.335	0.43	Buy	DCF
07/17/20	CIMB	ESR-Reit	0.39	0.492	Add	DDM
07/17/20	Lim & Tan	ESR-Reit	0.39	0	Accept Offer
07/17/20	CLSA	ESR-Reit	0.39	0.47	Buy
07/17/20	Soochow	ESR-Reit	0.39	0.47	Buy
07/17/20	Morningstar	ESR-Reit	0.39	0.42	Stable
07/17/20	Daiwa	ESR-Reit	0.39	0.42	Hold
08/24/20	OCBC	ESR-Reit	0.385	0.45	Buy
10/16/20	OCBC	ESR-Reit	0.385	0.45	Buy
11/02/20	phillip	ESR-Reit	0.35	0	Neutral
11/02/20	DBS Vickers	ESR-Reit	0.35	0.43	Buy	DCF
11/04/20	CIMB	ESR-Reit	0.36	0.49	Add
11/20/20	CIMB	ESR-Reit	0.39	0.494	Add

Ellipsiz - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/28/20	Lim & Tan	Ellipsiz	0.33	0	Hold

Elite ComReit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/26/20	UOB Kay Hian	Elite ComReit	0.66	0.88	Buy	DDM
06/30/20	CIMB	Elite ComReit	0.7	1.3	Add
07/24/20	CIMB	Elite ComReit	0.695	0.761	Add	DDM
07/27/20	UOB Kay Hian	Elite ComReit	0.695	0.88	Buy	DDM
10/20/20	CIMB	Elite ComReit	0.65	0.781	Add
11/12/20	UOB Kay Hian	Elite ComReit	0.635	0.88	Buy	DDM

Stock calls for 4 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/21	DBS Vickers	AEM	3.45	5.16	Buy
01/04/21	DBS Vickers	AIMS AMP Cap Ind Reit	1.25	1.4	Buy
01/04/21	CIMB	Boustead Projects	0.805	1.33	Add	RNAV (30% discount)
01/04/21	DBS Vickers	Capitaland	3.28	3.7	Buy
01/04/21	DBS Vickers	Capitaland Integrated Commercial Trust	2.16	2.5	Buy
01/04/21	DBS Vickers	CapitaRetail China	1.39	1.7	Buy
01/04/21	DBS Vickers	Comfortdelgro	1.67	1.96	Buy
01/04/21	CIMB	DBS	25.04	28.35	Add
01/04/21	DBS Vickers	Lendlease Reit	0.73	0.9	Buy
01/04/21	DBS Vickers	Mapletree Logistics	2.01	2.35	Buy
01/04/21	CIMB	OCBC	10.06	12.52	Add
01/04/21	DBS Vickers	SATS	3.98	4.5	Buy
01/04/21	DBS Vickers	Thai Beverage	0.74	0.93	Buy
01/04/21	DBS Vickers	UOB	22.59	24.8	Buy
01/04/21	CIMB	UOB	22.59	27.72	Add
01/04/21	DBS Vickers	Yangzijiang	0.955	1.4	Buy
01/04/21	UOB Kay Hian	Yangzijiang	0.955	1.17	Buy

Baltic dry index - 1366

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (Week) - 351

 Related stock: Keppel Corp, Sembcorp Marine & Cosco.

EC World Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/20	DMG & Partners	EC World Reit	0.705	0.78	Buy	DDM
03/02/20	DBS Vickers	EC World Reit	0.705	0.8	Buy	DCF
03/02/20	Amfrasers	EC World Reit	0.705	0.82	outperform
03/05/20	phillip	EC World Reit	0.72	0.827	Buy	DDM
04/23/20	DMG & Partners	EC World Reit	0.63	0.78	Buy
05/14/20	DMG & Partners	EC World Reit	0.675	0.76	Buy	DDM
05/14/20	DBS Vickers	EC World Reit	0.675	0.8	Buy	DCF
05/15/20	phillip	EC World Reit	0.66	0.77	Buy	DDM
05/18/20	Amfrasers	EC World Reit	0.675	0.73	outperform	DDM
06/23/20	DMG & Partners	EC World Reit	0.7	0.76	Buy
07/13/20	Amfrasers	EC World Reit	0.655	0.73	outperform	DDM
08/12/20	Amfrasers	EC World Reit	0.655	0.73	outperform	DDM
08/12/20	DMG & Partners	EC World Reit	0.655	0.76	Buy	DDM
10/12/20	Amfrasers	EC World Reit	0.675	0.73	outperform
11/12/20	Amfrasers	EC World Reit	0.695	0.74	outperform

Eagle Hospitality Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/20	Amfrasers	Eagle Hospitality Trust	0.53	0.51	Neutral
02/20/20	Jefferies	Eagle Hospitality Trust	0.53	0.7	Buy
02/20/20	UBS	Eagle Hospitality Trust	0.53	0.75	Buy
03/10/20	Amfrasers	Eagle Hospitality Trust	0.28	0.51	Neutral
03/25/20	UBS	Eagle Hospitality Trust	0.137	0.75	Buy

Delfi - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/20	DBS Vickers	Delfi	1	1.51	Buy
02/07/20	DMG & Partners	Delfi	0.96	1.68	Buy	DCF
02/28/20	DBS Vickers	Delfi	0.96	1.55	Buy	PER23x FY20
04/27/20	DMG & Partners	Delfi	0.62	0.74	Buy	DCF
05/22/20	DBS Vickers	Delfi	0.83	1.08	Buy	PER18x FY20/21
06/05/20	Amfrasers	Delfi	0.77	0.93	outperform
07/15/20	DMG & Partners	Delfi	0.74	0.74	Neutral	DCF
08/13/20	DMG & Partners	Delfi	0.74	0.8	Neutral	DCF
08/14/20	DBS Vickers	Delfi	0.725	0.98	Buy	PER18x FY21
08/20/20	Amfrasers	Delfi	0.74	0.93	outperform	PER15x
11/20/20	Lim & Tan	Delfi	0.66	0	Accumulate

Latest updates on Covid mutations.

The new covid variant in the UK is called B117 and the mutated covid in Africa is called 501v2.  These 2 variants only share the same N501Y mutation in the spike protein but are classified as 2 different viruses.  The 501v2 is more infectious than B117 and both variants infect teens and young children more than the earlier variant which infects adults and elders.

https://www.sciencemediacentre.org/expert-reaction-to-south-african-variant-of-sars-cov-2-as-mentioned-by-matt-hancock-at-the-downing-street-press-briefing/

The 501v2 variant is vastly different from the earlier covid and may render the existing vaccines ineffective.  Let's wait for the scientists to confirm this.

DBS Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/20	UOB Kay Hian	DBS	26.11	30	Buy
01/08/20	CIMB	DBS	26.05	28.29	Add
01/08/20	Kim Eng	DBS	26.05	29.92	Buy
01/14/20	DMG & Partners	DBS	26.1	25.8	Neutral	GGM, PB1.28x FY20
02/07/20	UOB Kay Hian	DBS	25.7	28.65	Buy
02/13/20	Lim & Tan	DBS	25.42	0	Buy
02/13/20	JP Morgan	DBS	25.42	23	Underweight
02/14/20	CIMB	DBS	25.42	27.09	Add	GGM
02/14/20	UOB Kay Hian	DBS	25.42	28	Buy	GGM, PB1.39x FY20
02/14/20	DMG & Partners	DBS	25.42	24.8	Neutral	GGM, PB1.25x FY20
02/14/20	Kim Eng	DBS	25.42	28.6	Buy
02/14/20	Jefferies	DBS	25.42	28.5	Buy
02/18/20	phillip	DBS	25.48	27.3	Accumulate
02/18/20	Citibank	DBS	25.48	26.8	Hold
03/04/20	Citibank	DBS	23.66	24.4	Hold
03/05/20	CIMB	DBS	23.91	24.33	Hold
03/05/20	OCBC	DBS	23.91	25.5	Hold	GGM, PB1.3x
03/09/20	Citibank	DBS	23	17.5	Sell
03/09/20	JP Morgan	DBS	23	20	Underweight
03/10/20	phillip	DBS	21.15	27.3	Accumulate
03/10/20	Jefferies	DBS	21.15	27	Buy
03/13/20	DMG & Partners	DBS	20.2	21.5	Neutral	GGM, PB1.09x FY20
03/19/20	Macquarie	DBS	17.9	20.25	Neutral
03/19/20	Jefferies	DBS	17.9	20	Buy
03/19/20	JP Morgan	DBS	17.9	16	Underweight
04/01/20	Jefferies	DBS	18.57	20	Buy
04/01/20	Citibank	DBS	18.57	17.5	Sell
04/08/20	Kim Eng	DBS	19.11	21.99	Buy
04/13/20	phillip	DBS	19.14	27.3	Accumulate
04/17/20	UOB Kay Hian	DBS	19.38	22.1	Buy
04/24/20	Macquarie	DBS	18.74	18.25	Neutral
04/30/20	Lim & Tan	DBS	19.2	0	Buy
05/01/20	DMG & Partners	DBS	19.2	18.7	Neutral	GGM, PB0.96x FY20
05/04/20	phillip	DBS	19.96	20.59	Accumulate	GGM, PB1.09x
05/04/20	UOB Kay Hian	DBS	19.96	22.3	Buy
05/04/20	Jefferies	DBS	19.96	22.5	Buy
05/11/20	Kim Eng	DBS	19.7	22.1	Buy
05/11/20	Citibank	DBS	19.7	19.65	Hold
06/08/20	phillip	DBS	22.28	20.6	Neutral
06/08/20	Citibank	DBS	22.28	25.5	Buy
06/10/20	Lim & Tan	DBS	22.95	0	Hold
06/11/20	Macquarie	DBS	23.01	26	outperform	PB
06/18/20	DMG & Partners	DBS	21.57	18.7	Neutral
06/18/20	JP Morgan	DBS	21.57	19.5	Underweight
06/24/20	Kim Eng	DBS	21.13	22.1	Buy
07/01/20	CIMB	DBS	20.85	18.8	Hold
07/03/20	phillip	DBS	21.28	20.6	Neutral
07/06/20	UOB Kay Hian	DBS	21.57	26.22	Buy
07/14/20	Macquarie	DBS	21.54	26	outperform	PB
07/20/20	UOB Kay Hian	DBS	21.38	24.8	Buy
07/21/20	Jefferies	DBS	21.29	24.5	Buy
07/21/20	Kim Eng	DBS	21.29	22.1	Buy
07/30/20	Macquarie	DBS	20.4	25.5	outperform	PB
07/30/20	OCBC	DBS	20.4	20	Hold
07/30/20	UOB Kay Hian	DBS	20.4	23.12	Buy
07/30/20	JP Morgan	DBS	20.4	19	Underweight
07/30/20	Jefferies	DBS	20.4	20	Hold
08/04/20	Macquarie	DBS	19.45	24.25	outperform	PB
08/06/20	Lim & Tan	DBS	19.83	0	Accumulate
08/07/20	Kim Eng	DBS	20.4	22.9	Buy	DDM
08/07/20	DMG & Partners	DBS	20.4	18.5	Neutral	GGM, PB0.94x FY20
08/07/20	UOB Kay Hian	DBS	20.4	22.9	Buy	GGM, PB01.07x FY21
08/07/20	CIMB	DBS	20.4	18.8	Hold
08/11/20	phillip	DBS	20.6	21	Accumulate	GGM, PB1.18x
08/11/20	CIMB	DBS	20.6	20.46	Hold
08/12/20	Macquarie	DBS	20.85	24.1	outperform	PB
08/12/20	JP Morgan	DBS	20.85	20	Neutral
09/02/20	Macquarie	DBS	20.87	24.1	outperform
09/07/20	phillip	DBS	20.68	21	Accumulate
09/14/20	Kim Eng	DBS	20.51	22.9	Buy
09/25/20	Lim & Tan	DBS	19.8	0	Accumulate
09/30/20	UOB Kay Hian	DBS	19.98	23.5	Buy
09/30/20	JP Morgan	DBS	19.98	22	Overweight
10/01/20	CIMB	DBS	19.91	20.46	Hold
10/07/20	UOB Kay Hian	DBS	20.71	23.5	Buy
10/07/20	OCBC	DBS	20.71	22.5	Hold
10/12/20	phillip	DBS	21.05	21	Neutral
10/21/20	Kim Eng	DBS	21.3	22.9	Buy
11/04/20	phillip	DBS	21.43	21	Neutral
11/05/20	Lim & Tan	DBS	21.55	0	Accumulate
11/06/20	Macquarie	DBS	22.43	24.1	outperform
11/06/20	Kim Eng	DBS	22.43	24.63	Buy	DDM
11/06/20	UOB Kay Hian	DBS	22.43	26.75	Buy	GGM, PB1.27x FY21
11/06/20	CIMB	DBS	22.43	20.46	Hold
11/06/20	DMG & Partners	DBS	22.43	25.2	Buy	GGM
11/06/20	OCBC	DBS	22.43	24.5	Buy
11/09/20	phillip	DBS	22.49	22.6	Neutral	GGM, PB1.26x FY21
11/09/20	Jefferies	DBS	22.49	26	Buy
11/09/20	CIMB	DBS	22.49	25.51	Add	GGM
11/16/20	OCBC	DBS	23.98	27	Buy
11/18/20	Jefferies	DBS	24.65	22	Hold
11/18/20	JP Morgan	DBS	24.65	24.5	Overweight
11/19/20	Macquarie	DBS	24.63	24.1	Neutral
11/19/20	Lim & Tan	DBS	24.63	0	Hold
11/20/20	DMG & Partners	DBS	24.42	25.2	Buy	GGM
11/25/20	Kim Eng	DBS	25.6	24.63	Sell
11/30/20	CIMB	DBS	25.68	28.35	Add	GGM, PB1.3x FY21
12/01/20	UOB Kay Hian	DBS	25.2	26.75	Buy
12/07/20	phillip	DBS	25.66	22.6	Neutral
12/07/20	Kim Eng	DBS	25.66	24.63	Sell
12/08/20	Macquarie	DBS	25.26	24.1	Neutral
12/10/20	DMG & Partners	DBS	25.45	30	Buy	GGM
12/11/20	Lim & Tan	DBS	25.05	0	Hold
12/16/20	DMG & Partners	DBS	25.46	30	Buy

Dasin Retail - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/20	phillip	Dasin Retail	0.805	0.88	Accumulate	DDM
05/27/20	phillip	Dasin Retail	0.83	0.91	Accumulate	DDM
08/11/20	DBS Vickers	Dasin Retail	0.785	0.86	Buy	DCF
08/24/20	phillip	Dasin Retail	0.815	0.91	Accumulate	DDM
09/14/20	phillip	Dasin Retail	0.815	0.91	Accumulate
10/19/20	phillip	Dasin Retail	0.8	0.91	Accumulate
11/23/20	phillip	Dasin Retail	0.775	0.91	Accumulate
12/07/20	phillip	Dasin Retail	0.76	0.9	Buy	DDM