HRnetGroup - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/20	CIMB	HRnetGroup	0.58	0.58	Hold
02/28/20	DBS Vickers	HRnetGroup	0.58	0.63	Hold	PER10x FY20, Ex-cash
03/02/20	DMG & Partners	HRnetGroup	0.56	0.61	Neutral	PER12x FY20
06/25/20	CIMB	HRnetGroup	0.5	0.58	Hold
08/13/20	DBS Vickers	HRnetGroup	0.48	0.5	Hold	PER7.5x FY20, Ex-cash
08/13/20	DMG & Partners	HRnetGroup	0.48	0.52	Neutral	DCF
09/17/20	CIMB	HRnetGroup	0.445	0.523	Add
10/29/20	DMG & Partners	HRnetGroup	0.48	0.52	Buy	DCF
12/09/20	CIMB	HRnetGroup	0.51	0.635	Add	PER13.2x FY22

Hongkong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/20	DBS Vickers	Hongkong Land	5.05	5.81	Buy	RNAV (50% discount)
03/10/20	CIMB	Hongkong Land	4.55	6.05	Add
05/05/20	DBS Vickers	Hongkong Land	4.13	5.22	Buy	RNAV (55% discount)
07/30/20	Lim & Tan	Hongkong Land	3.72	0	Buy
07/30/20	DBS Vickers	Hongkong Land	3.72	4.94	Buy	RNAV (55% discount)
08/03/20	DBS Vickers	Hongkong Land	3.79	4.8	Buy	RNAV (55% discount)
08/03/20	CIMB	Hongkong Land	3.79	5.1	Add
09/15/20	Lim & Tan	Hongkong Land	3.8	0	Buy
10/16/20	Lim & Tan	Hongkong Land	3.79	0	Buy
12/02/20	CIMB	Hongkong Land	4.19	5.1	Add

Hong Leong Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/28/20	Lim & Tan	Hong Leong Asia	0.625	0	Buy on weakness

Stock calls for 14 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/21	DMG & Partners	ARA Logistics	0.67	0.74	Buy
01/14/21	UOB Kay Hian	First Resources	1.69	1.85	Buy
01/14/21	UOB Kay Hian	Food Empire	0.75	0.88	Buy
01/14/21	Lim & Tan	GL Ltd	0.56	0	Hold
01/14/21	CIMB	Ifast Corp	3.95	4.15	Hold	PER37x FY22
01/14/21	UOB Kay Hian	SIA	4.35	3.8	Sell	PB0.9x FY22
01/14/21	DMG & Partners	ST Engineering	3.88	4.4	Buy
01/14/21	Kim Eng	Wilmar	5.05	6.8	Buy	DCF & PER44x

The US inflation is coming - Part 7

https://sg.finance.yahoo.com/news/feds-bullard-sees-inflation-rising-160403236.html

St. Louis Fed sees inflation rising!

We had also reported this a week ago.

http://sg-stock.blogspot.com/2021/01/the-us-inflation-is-coming-part-3.html

Let's recap:

1. Oil price is rising.

2. USD index is declining.

3. PMI prices are rising.

4. Freight costs are rising

5. Food prices are rising.

All of these factors are causing inflation.

http://www.fao.org/worldfoodsituation/foodpricesindex/en/

Ho Bee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/14/20	CIMB	Ho Bee	2.19	2.7	Add	Up from $2.56
10/20/20	UOB Kay Hian	Ho Bee	2.28	3.32	Buy	RNAV (40% discount)

Hi-P - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/20	DBS Vickers	Hi-P	1.3	1.37	Hold	PER14x FY20
02/18/20	Kim Eng	Hi-P	1.31	1	Sell	PB1.2x FY20
03/30/20	Kim Eng	Hi-P	0.83	0.78	Hold	Roe-g/Coe-g, PB1x FY20
04/02/20	DBS Vickers	Hi-P	0.835	0.85	Hold
04/20/20	Kim Eng	Hi-P	0.97	0.78	Neutral	PB1x FY20
08/03/20	Kim Eng	Hi-P	1.28	1.23	Hold	PB1.4x FY21
08/03/20	DBS Vickers	Hi-P	1.28	1.34	Hold	PER13x FY21
08/03/20	UOB Kay Hian	Hi-P	1.28	1.11	Sell
09/09/20	CIMB	Hi-P	1.18	1.23	Hold	PB1.52x FY20
09/30/20	Kim Eng	Hi-P	1.13	1.23	Buy	PB1.4x FY21
10/05/20	CIMB	Hi-P	1.14	1.23	Hold
12/21/20	Kim Eng	Hi-P	2	1.23	Sell	Accept offer price of $2
12/21/20	Lim & Tan	Hi-P	2	2	Accept Offer	offer price @ $2

Guocoland - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/25/20	Lim & Tan	Guocoland	1.4	0	Accumulate

Stock calls for 13 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/13/21	Kim Eng	AEM	3.84	5.05	Buy
01/13/21	CIMB	AEM	3.84	4.63	Add
01/13/21	Kim Eng	Frencken	1.34	1.39	Buy
01/13/21	Macquarie	Genting	0.87	0.95	outperform	EV/Ebitda
01/13/21	Amfrasers	Innotek	0.65	0.73	Outperform	EV/Ebita0.5x
01/13/21	DMG & Partners	Oxley	0.235	0.27	Buy
01/13/21	CIMB	Riverstone	1.41	2.5	Add
01/13/21	Aminvestment	Top Glove	2.18	2.13	Hold	Ringgit target $6.50
01/13/21	Kim Eng	UMS	1.2	1.41	Buy
01/13/21	Kim Eng	Venture	19.96	23.27	Buy
01/13/21	UOB Kay Hian	Wilmar	5.08	6.4	Buy

Hot news: The Brazil covid variant could reinfect ex-covid patient.

https://virological.org/t/spike-e484k-mutation-in-the-first-sars-cov-2-reinfection-case-confirmed-in-brazil-2020/584

A Brazilian was reinfected with covid containing the E484K spike protein mutation in less than 6 months.

This is bad news for mankind because the patient's immunity cannot recognize the mutated E484K spike protein.

It seems that our existing vaccines are produced to recognize the N502Y spike protein but not the E484K spike protein.

Let's wait for scientists to confirm this.

Great Eastern - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/20	Citibank	Great Eastern	22.15	27	Buy
03/18/20	Citibank	Great Eastern	18.2	19.5	Hold

Grand Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/06/20	CIMB	Grand Venture	0.22	0.262	Add
08/12/20	CIMB	Grand Venture	0.26	0.36	Add

Golden Agri - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/20	DMG & Partners	Golden Agri	0.235	0.27	Buy	Sum of parts
03/02/20	DMG & Partners	Golden Agri	0.2	0.25	Buy	Sum of parts
03/02/20	OCBC	Golden Agri	0.2	0.22	Hold
03/02/20	UOB Kay Hian	Golden Agri	0.2	0.22	Hold	Buy @ $0.20
03/02/20	CIMB	Golden Agri	0.2	0.21	Hold	Sum of parts (20% discount)
03/24/20	DMG & Partners	Golden Agri	0.129	0.125	Sell	Sum of parts, PER15x FY20
05/15/20	DMG & Partners	Golden Agri	0.146	0.12	Sell	Sum of parts
06/26/20	DMG & Partners	Golden Agri	0.15	0.13	Sell	Sum of parts
08/17/20	DMG & Partners	Golden Agri	0.154	0.13	Sell	Sum of parts
08/17/20	CIMB	Golden Agri	0.154	0.12	Reduce
08/25/20	UOB Kay Hian	Golden Agri	0.145	0.14	Hold
11/03/20	DMG & Partners	Golden Agri	0.14	0.13	Sell	Sum of parts
11/19/20	OCBC	Golden Agri	0.152	0.13	Sell

Stock calls for 12 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/21	Kim Eng	Comfortdelgro	1.69	1.88	Buy	DCF
01/12/21	UOB Kay Hian	DBS	26.92	31.48	Buy
01/12/21	UOB Kay Hian	Genting	0.86	1.08	Buy
01/12/21	UOB Kay Hian	OCBC	10.6	14.62	Buy
01/12/21	Amfrasers	Sunpower	0.855	1.45	outperform
01/12/21	DBS Vickers	Sunpower	0.855	0.94	Buy	DCF
01/12/21	CIMB	UG Healthcare	0.665	1.7	Add
01/12/21	OCBC	UOB	23.79	26.3	Buy

First case of US death after covid vaccination.

https://miami.cbslocal.com/2021/01/11/death-south-florida-doctor-coronavirus-vaccine-investigated/

The American doctor had died 2 weeks later after taking his covid vaccination.

I hope this death has nothing to do with the vaccination because we order the US vaccines too.

GL Ltd - Stock calls

Date	Analyst	Company	Last	Target	Call
03/19/20	Lim & Tan	GL Ltd	0.495	0.8	Hold
07/28/20	Lim & Tan	GL Ltd	0.59	0.7	Hold
08/27/20	Lim & Tan	GL Ltd	0.555	0	Hold
10/05/20	Lim & Tan	GL Ltd	0.525	0	Hold

GKE - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/21	CIMB	GKE	0.138	0.18	Add	Sum of parts

Genting - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/20	DBS Vickers	Genting	0.92	1.2	Buy
02/10/20	DBS Vickers	Genting	0.86	1.2	Buy
02/11/20	UOB Kay Hian	Genting	0.85	0.95	Buy
02/13/20	Kim Eng	Genting	0.875	0.99	Buy	EV/Ebitda7x FY20
02/13/20	DMG & Partners	Genting	0.875	0.85	Neutral	EV/Ebitda7x FY20
02/13/20	CIMB	Genting	0.875	1	Add	EV/Ebitda8x CY21
02/13/20	DBS Vickers	Genting	0.875	1.1	Buy	DCF
03/18/20	CIMB	Genting	0.62	0.76	Add	EV/Ebitda7x FY21
03/18/20	Kim Eng	Genting	0.62	0.84	Buy
03/20/20	DMG & Partners	Genting	0.51	0.64	Buy	EV/Ebitda6x FY20/21
03/20/20	DBS Vickers	Genting	0.51	0.8	Buy	DCF & EV/Ebita6x FY20
04/06/20	DBS Vickers	Genting	0.65	0.81	Buy
04/06/20	UOB Kay Hian	Genting	0.65	0.8	Buy	EV/Ebitda8.9x FY20
05/04/20	DBS Vickers	Genting	0.785	0.75	Hold	Sum of parts
05/14/20	Lim & Tan	Genting	0.765	0	Sell
05/14/20	Kim Eng	Genting	0.765	0.81	Buy	DCF
05/14/20	CIMB	Genting	0.765	0.76	Add	EV/Ebitda7x FY21
05/15/20	DMG & Partners	Genting	0.73	0.64	Take Profit	EV/Ebitda6x FY21
06/29/20	Lim & Tan	Genting	0.76	0	Hold
07/01/20	DMG & Partners	Genting	0.76	0.73	Neutral	EV/Ebitda6x FY21
07/02/20	UOB Kay Hian	Genting	0.765	0.8	Hold	Buy @ $0.68
07/07/20	CIMB	Genting	0.78	0.84	Add
07/23/20	Kim Eng	Genting	0.77	0.8	Hold	DCF
08/07/20	CIMB	Genting	0.71	0.73	Add	Ev/Ebitda8.5x CY21
08/07/20	OCBC	Genting	0.71	0.68	Hold
08/07/20	HL Investment	Genting	0.71	0.75	Hold	EV/Ebitda7x FY21, Cut from $0.79
08/07/20	DMG & Partners	Genting	0.71	0.62	Sell	PB1x FY21
08/07/20	DBS Vickers	Genting	0.71	0.7	Hold	Ev/Ebitda7x FY21 & DCF
08/07/20	Kim Eng	Genting	0.71	0.76	Hold	DCF
08/24/20	Lim & Tan	Genting	0.695	0	Sell
10/22/20	UOB Kay Hian	Genting	0.665	0.69	Hold	EV/Ebitda6x FY21
11/16/20	UOB Kay Hian	Genting	0.745	0.98	Buy	EV/Ebitda10x FY21
11/16/20	Kim Eng	Genting	0.745	0.78	Hold	DCF
11/16/20	CIMB	Genting	0.745	0.86	Add	EV/Ebitda8.6x CY22
11/17/20	DBS Vickers	Genting	0.805	1	Buy	Sum of parts
11/17/20	DMG & Partners	Genting	0.805	0.72	Neutral
11/17/20	OCBC	Genting	0.805	0.96	Buy	EV/Ebitda8.5x FY21
12/09/20	UOB Kay Hian	Genting	0.85	0.98	Buy
12/15/20	Kim Eng	Genting	0.85	0.95	Buy	DCF

Stock calls for 11 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/21	UOB Kay Hian	Far East Hospitality	0.62	0.74	Buy
01/11/21	UOB Kay Hian	First Resources	1.49	1.75	Buy	PER12x FY21
01/11/21	UOB Kay Hian	Frasers Centrepoint Trust	2.57	3.15	Buy	DDM
01/11/21	UOB Kay Hian	Lendlease Reit	0.775	0.97	Buy
01/11/21	UOB Kay Hian	OCBC	10.73	13.48	Buy	GGM, PB1.19x FY21
01/11/21	DBS Vickers	Riverstone	1.35	1.85	Buy	PER12.8x FY21/22
01/11/21	UOB Kay Hian	Riverstone	1.35	2.99	Buy	PER15.9x FY21
01/11/21	UOB Kay Hian	Singapore Medical	0.33	0.46	Buy	Up from $0.37
01/11/21	UOB Kay Hian	Singtel	2.46	2.8	Buy	DCF
01/11/21	UOB Kay Hian	Suntec Reit	1.51	1.75	Buy
01/11/21	CIMB	Top Glove	2.11	2.93	Add	PER16x CY22
01/11/21	UOB Kay Hian	United Hamspire	0.645	0.92	Buy

The US and UK hospitals are running out of beds!

https://sg.finance.yahoo.com/news/coronavirus-crisis-covid-19-austin-hospital-icu-vaccine-142903794.html

https://www.irishtimes.com/news/world/uk/coronavirus-london-hospitals-set-to-run-out-of-beds-in-a-fortnight-1.4452701

The US and UK hospitals are running out of beds because of the massive spikes in covid infections and many operations have to be delayed.  Furthermore, it is expected that the new 3 infectious variants will overtake their predecessors to become the dominant viruses across the globe.  These 3 variants will stress the global healthcare system because they target younger people.

God bless us all!