Singapore Stock Exchange - Equity Investments

Tuesday, August 10, 2021

Soilbuild Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/27/20	Amfrasers	Soilbuild Reit	0.38	0.48	Neutral
07/09/20	DBS Vickers	Soilbuild Reit	0.41	0.5	Buy
09/02/20	DBS Vickers	Soilbuild Reit	0.455	0.5	Buy	DCF
10/16/20	Lim & Tan	Soilbuild Reit	0.485	0	Hold
10/20/20	Amfrasers	Soilbuild Reit	0.49	0.48	Neutral
12/15/20	Lim & Tan	Soilbuild Reit	0.535	0	Accept offer

Stock calls for 10 August 2021

Date	Analyst	Company	Last	Target	Call	Valuation
08/10/21	DBS Vickers	AEM	4.17	4.98	Buy	PER13.7x FY22
08/10/21	Kim Eng	AEM	4.17	5.77	Buy
08/10/21	CIMB	AEM	4.17	4.61	Add
08/10/21	CIMB	Credit Bureau	1.29	1.43	Add
08/10/21	UOB Kay Hian	DBS	31	35.8	Buy	GGM, PB1.57x FY22
08/10/21	CIMB	DBS	31	32.7	Add
08/10/21	DBS Vickers	EC World Reit	0.815	0.9	Buy	DCF
08/10/21	UOB Kay Hian	Frasers Logistics	1.52	1.79	Buy	DDM
08/10/21	Lim & Tan	Frasers Property	1.13	0	Accumulate
08/10/21	Kim Eng	Genting	0.79	1.16	Buy	DCF
08/10/21	Kim Eng	Netlink	0.975	1.11	Buy
08/10/21	phillip	OCBC	12.42	14.22	Buy	GGM, PB1.24x FY21
08/10/21	UOB Kay Hian	OCBC	12.42	15.65	Buy
08/10/21	phillip	PanUnited	0.33	0.44	Buy	EV/Ebitda7.8x FY21
08/10/21	DBS Vickers	Riverstone	1.27	1.77	Buy	PER10x FY22
08/10/21	CIMB	Riverstone	1.27	1.8	Add	PER17x CY23
08/10/21	UOB Kay Hian	Sembcorp Industries	2	2.59	Buy
08/10/21	OCBC	Sembcorp Industries	2	2.5	Buy
08/10/21	CIMB	Sembcorp Industries	2	2.51	Add
08/10/21	Jefferies	SGX	11.33	11.2	Hold
08/10/21	Kim Eng	Singtel	2.28	2.81	Buy
08/10/21	Phillip	Starhub	1.25	1.24	Neutral	Ev/Ebitda 6x
08/10/21	CIMB	Starhub	1.25	1.65	Add
08/10/21	DMG & Partners	Starhub	1.25	1.35	Neutral
08/10/21	UOB Kay Hian	Starhub	1.25	1.3	Hold	Buy @ $1.15
08/10/21	Kim Eng	Starhub	1.25	1.25	Hold
08/10/21	DBS Vickers	Tuan Sing	0.545	0.66	Buy	Sum of parts (10% discount)
08/10/21	Phillip	Venture	19.4	19.2	Neutral	PER16x FY21
08/10/21	DBS Vickers	Venture	19.4	22.7	Buy	PER20.5x FY21
08/10/21	CIMB	Venture	19.4	21.32	Add
08/10/21	DMG & Partners	Venture	19.4	23	Buy
08/10/21	Kim Eng	Venture	19.4	25.13	Buy
08/10/21	UOB Kay Hian	Yangzijiang	1.5	2	Buy

OMG! Booster shot may be ineffective against the Delta variant.

https://www.timesofisrael.com/liveblog_entry/report-14-israelis-have-caught-covid-19-despite-receiving-booster-shot/

14 Israelis had been infected despite getting booster shots.

This is indeed very worrisome. Look like the Pfizer vaccine is ineffective against Delta.

Monday, August 9, 2021

Hot news: A US reporter had alleged that the covid virus came from Fort Detrick.

A recent youtube video in August 2021.

A US reporter had alleged that the covid virus came from Fort Detrick which corroborated our earlier post in September 2020. We had done scientific and anecdotal researches on the covid origin and we also concluded that it was most likely to come from the US Fort Detrick.

http://sg-stock.blogspot.com/2020/09/the-truth-behind-covid-19-outbreak-is.html

Sunday, August 8, 2021

More countries will be giving booster shots after the current vaccines lose their effectiveness.

Which countries are giving booster shots to their high-risk group residents?

Israel was the first to do it.

France, Germany, UK, Italy, the US, and Spain will be following in Israel's footsteps.

https://www.voanews.com/covid-19-pandemic/britain-offer-covid-19-booster-shots-fall

https://www.nytimes.com/2021/08/02/world/europe/coronavirus-booster-shots-germany.html

https://www.reuters.com/world/us/us-plans-give-extra-covid-19-shots-at-risk-americans-fauci-2021-08-05/

The pharmaceutical firms are still not being truthful about the true efficacy rates of their vaccines because the real-world statistics contradicted their earlier proclamations.

Israel declared Pfizer's efficacy at 39%. This 39% was an overstatement in our view and we'll explain this later.

http://sg-stock.blogspot.com/2021/07/pfizers-vaccine-is-only-39-effective.html

The Massachusetts statistics showed that 74% of fully vaccinated people were infected recently.

http://sg-stock.blogspot.com/2021/08/omg-us-vaccines-are-becoming.html

The PHE (UK) indicated that 35% of fully vaccinated people were hospitalized.

http://sg-stock.blogspot.com/2021/08/uk-latest-covid-report-shows-that.html

Let's do a simple calculation to determine the true efficacy rate of the current vaccine.

Since the UK report shows that 35% of fully vaccinated people are hospitalized, there must be more infected people who are not hospitalized. However, I give the vaccines the benefit of doubt and cap the infectious rate at 35% for mild and asymptomatic cases. Thus, the total infectious rate will be at 70% (35%+35%). This will put the true efficacy rate at around 30% in our view.

When the true efficacy rate is only at 30% which is below the world health organization's minimum standard of 50%, there is no herd immunity to speak of in a fully vaccinated country. Furthermore, the virus loads are the same for the vaccinated and unvaccinated groups which means that the infection rate (spreading) is the same for either group.

Thus, it is impossible for any country to rely just on a 30% efficacy rate vaccine to contain this pandemic. The best line of defence is border control to isolate the residents from the virus until a higher efficacy vaccine is being developed.

For those countries that are thinking of opening their borders after getting their residents fully vaccinated, they must take a look at the HK's recent detections.

http://sg-stock.blogspot.com/2021/08/hong-kong-is-reporting-imported-fully.html

What's gonna happen if these infected people slipped through the border's detections and spread the virus in the community? No country can guarantee that there won't be any breach and any breach will result in serious repercussions and economic damages because the country will impose a lockdown to contain the virus.

Hong Kong is reporting imported fully vaccinated infections after opening its border.

https://news.rthk.hk/rthk/en/component/k2/1604794-20210807.htm

Hong Kong has managed to detect 7 imported fully vaccinated infections on Saturday. It will be difficult to prevent any breach now as fully vaccinated can get infected and spread the virus to others.

Singapore will be opening its border to 8 countries soon and there is no guarantee that there won't be any breach. Singapore will be in trouble if there is any breach because SG is densely populated.

To open or not to open the border is a very difficult choice now!

Many countries cannot afford to have another lockdown again.