Dr. Scott: South African Covid variant appears to ‘obviate’ antibody drugs.

https://www.cnbc.com/2021/01/05/south-africa-covid-variant-appears-to-obviate-antibody-drugs-dr-scott-gottlieb-says.html

https://www.cnbc.com/2021/01/06/south-africa-covid-strain-a-guide-to-what-you-need-to-know.html

This is really bad news for mankind because the new variant appears to obviate antibody drugs.  This means the doctors will have more difficulties in treating covid patients and more sick people will end up in hospitals which will cripple the national healthcare systems in the world.

Let's hope that the next mutation won't develop a new variant that can evade our immunity.  All the existing vaccines, whether they're made by inactive virus or mRNA, are used to "trick" our bodies to develop covid immunities and we'll be in trouble if a new variant can render our vaccines ineffective.

The US ISM PMI improved to 60.7 in December 2020.

 

The prices increased significantly by 12.2 to 77.6 because of much higher freight costs and the producers switched to using more local raw materials. This also impacted the supplier’s deliveries by +5.9 to 67.6 as a higher number indicated slower deliveries.

http://sg-stock.blogspot.com/2020/12/the-us-inflation-is-coming-part-2.html

The producers increased their production (64.8, +4) and employment (51.5, +3.1) to prepare for a rebound in the customers’ inventories (37.9, +1.6) which was too low because the inventories were depleted by an increasing new order (67.9, +2.8) that was supported by the government’s stimulus aids.

All these resulted in the PMI increased to 60.7 (+3.2). This means that the US economy will continue to improve unless there is another major lockdown due to the new covid variant.  However, the US has to watch out for higher inflation because of the rising freight costs and PPI prices as the US may do QE tapering to contain its inflation.

World bank is the latest organization to warn about an impending financial crisis.

https://sg.finance.yahoo.com/news/world-bank-calls-rapid-action-160120391.html

We've been warning about an impending financial crisis since last year.

http://sg-stock.blogspot.com/2020/10/another-constellation-is-aligning-and.html

The IMF and other professional entities also had been warning about a looming financial crisis after our first posting last year.

Let's see if we can rein in this crisis or we'll burst this crisis bubble.

Fortress Minerals - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/14/20	Phillip	Fortress Minerals	0.205	0.275	Buy	PER11x FY21

Food Empire - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/17/20	DMG & Partners	Food Empire	0.705	0.83	Buy	PER12x FY20
02/05/20	UOB Kay Hian	Food Empire	0.66	0.89	Buy
02/26/20	DMG & Partners	Food Empire	0.735	0.88	Buy	PER12x FY20
02/26/20	UOB Kay Hian	Food Empire	0.735	0.92	Buy	PER12.6x FY20
05/14/20	DMG & Partners	Food Empire	0.505	0.75	Buy	PER12x FY20
05/15/20	UOB Kay Hian	Food Empire	0.49	0.63	Buy	PER12.6x FY20
05/27/20	Lim & Tan	Food Empire	0.515	0.63	Accumulate	PER12.3x FY20
06/09/20	DMG & Partners	Food Empire	0.55	0.75	Buy	PER12x FY20
08/13/20	UOB Kay Hian	Food Empire	0.56	0.85	Buy	PER12.3x FY21
08/14/20	DMG & Partners	Food Empire	0.62	0.75	Buy	PER12x FY20
09/01/20	UOB Kay Hian	Food Empire	0.625	0.85	Buy
09/02/20	Lim & Tan	Food Empire	0.62	0.72	Accumulate	PER11x
10/16/20	DMG & Partners	Food Empire	0.585	0.75	Buy
11/13/20	DMG & Partners	Food Empire	0.575	0.8	Buy
11/13/20	UOB Kay Hian	Food Empire	0.575	0.88	Buy
12/09/20	UOB Kay Hian	Food Empire	0.595	0.88	Buy
12/10/20	Lim & Tan	Food Empire	0.595	0.72	Accumulate	PER11x

First Sponsor - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/21/20	Phillip	First Sponsor	1.25	1.65	Buy	RNAV (30% discount)
10/28/20	Phillip	First Sponsor	1.28	1.56	Buy	RNAV (30% discount)

Stock calls for 6 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/21	UOB Kay Hian	ARA Logistics	0.595	0.85	Buy	DDM
01/06/21	DBS Vickers	ART	1.07	1.2	Buy	DCF
01/06/21	DBS Vickers	Bumitama	0.52	0.66	Buy
01/06/21	DBS Vickers	CDL Hospitality	1.24	1.4	Buy
01/06/21	DBS Vickers	China Aviation Oil	1.08	1.2	Buy
01/06/21	phillip	DBS	25.35	22.6	Neutral
01/06/21	DBS Vickers	Delfi	0.71	0.98	Buy
01/06/21	DBS Vickers	First Resources	1.38	1.7	Buy
01/06/21	DBS Vickers	Frencken	1.32	1.51	Buy
01/06/21	DBS Vickers	Hutchison Port	0.198	0.22	Buy
01/06/21	DBS Vickers	Ifast Corp	3.29	3.96	Buy
01/06/21	DBS Vickers	Koufu	0.685	0.77	Buy
01/06/21	phillip	OCBC	10.06	9.68	Neutral
01/06/21	phillip	SGX	9.7	9.45	Accumulate
01/06/21	DBS Vickers	Tuan Sing	0.315	0.44	Buy
01/06/21	DBS Vickers	UMS	1.14	1.36	Buy
01/06/21	phillip	UOB	22.57	21.1	Neutral

First Resources - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/20	DMG & Partners	First Resources	1.77	2.3	Buy	PER18x FY20
02/06/20	UOB Kay Hian	First Resources	1.78	2.1	Buy
02/26/20	DMG & Partners	First Resources	1.66	2	Buy	PER17x FY20
02/28/20	DBS Vickers	First Resources	1.63	1.99	Buy	DCF
02/28/20	Kim Eng	First Resources	1.63	1.85	Buy	PER18x FY20
03/24/20	DMG & Partners	First Resources	1.04	1.2	Buy	Sum of parts, PER12x FY20
04/13/20	DBS Vickers	First Resources	1.27	1.99	Buy
05/26/20	CIMB	First Resources	1.28	1.8	Add
05/26/20	Kim Eng	First Resources	1.28	1.85	Buy	PER18x FY20
05/26/20	DMG & Partners	First Resources	1.28	1.25	Neutral	PER14x FY20
05/26/20	UOB Kay Hian	First Resources	1.28	1.65	Buy
05/26/20	DBS Vickers	First Resources	1.28	1.7	Buy	DCF
06/26/20	DMG & Partners	First Resources	1.33	1.35	Neutral	PER14x FY21
07/27/20	DMG & Partners	First Resources	1.39	1.45	Neutral	PER14x FY21
08/17/20	CIMB	First Resources	1.38	1.8	Add
08/17/20	DBS Vickers	First Resources	1.38	1.7	Buy	DCF
08/17/20	DMG & Partners	First Resources	1.38	1.45	Neutral	PER14x FY21
08/17/20	UOB Kay Hian	First Resources	1.38	1.65	Buy
08/17/20	Kim Eng	First Resources	1.38	1.79	Buy	PER18x FY20
11/03/20	CIMB	First Resources	1.22	1.8	Add
11/03/20	DMG & Partners	First Resources	1.22	1.45	Buy
11/16/20	UOB Kay Hian	First Resources	1.28	1.75	Buy
11/16/20	DBS Vickers	First Resources	1.28	1.7	Buy	DCF
11/16/20	CIMB	First Resources	1.28	1.64	Add
11/16/20	Kim Eng	First Resources	1.28	1.96	Buy	PER17x FY21
12/08/20	CIMB	First Resources	1.37	1.64	Add

First Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/30/20	Lim & Tan	First Reit	0.995	0	Buy on weakness
01/31/20	CIMB	First Reit	1.02	1.15	Add	DDM
08/03/20	CIMB	First Reit	0.555	0.957	Add	DDM
09/21/20	Lim & Tan	First Reit	0.455	0	Hold

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