Stock calls for 20 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/21	Lim & Tan	Avi-Tech	0.485	0	Take Profit
01/20/21	Macquarie	Capitaland	3.46	3.95	Outperform
01/20/21	Lim & Tan	Fu Yu	0.285	0	Take Profit
01/20/21	UOB Kay Hian	GHY	0.785	1.08	Buy	PB18.5x FY21
01/20/21	UOB Kay Hian	Ifast Corp	4.86	5.12	Hold	Buy @ $4.65
01/20/21	UOB Kay Hian	Oceanus	0.041	0	Not Rated
01/20/21	DMG & Partners	Sheng Siong	1.56	1.87	Buy
01/20/21	CIMB	SPH	1.21	1.31	Hold	Sum of parts
01/20/21	Macquarie	UOL	7.83	8.85	Outperform

Hot news! mRNA vaccines may cause non-stop body spasm!

I'm surprised that Pfizer and Moderna didn't document the body spasm as a side effect in their trials.  The Americans who took the vaccinations posted their own videos on FB to show the world what they had experienced.

This will definitely dissuade many Americans from taking the mRNA vaccinations.

What did Trump do for the US during his presidency?

Since Trump is stepping down soon, let's do a recap on his political achievements.

Well, there was no question that he did more harm than good for the US. The Americans who voted for him had to pay the price for their mistakes.

Unbeknownst to him, he created a losing US-China trade war for the Americans.

https://www.straitstimes.com/business/economy/how-china-won-trumps-trade-war-and-got-americans-to-foot-the-bill

Thus, USCBC is trying to persuade President Biden to change course by commissioning a study with oxford economics to prove that the US-China trade war harms the US.

https://www.reuters.com/article/us-usa-trade-china-jobs/us-china-trade-war-has-cost-up-to-245000-us-jobs-business-group-study-idUSKBN29J2O9

Trump also broke the US-EU relationship which caused the EU to lose faith in the US and also compelled the EU to reduce its reliance on the USD.

https://www.ft.com/content/20f39e33-e360-479e-82e2-5441d24f0e0b

This will greatly reduce the USD demand and make it harder for the US to raise debts to pay for its US$2.8T ($1.9T + $0.9T) stimulus package. The US has to print more USD to pay for its stimulus aids but doing so will exacerbate the USD depreciation. Moreover, Yellen doesn't want a weaker USD.

https://www.reuters.com/article/us-usa-biden-yellen/treasury-nominee-janet-yellen-to-say-us-does-not-seek-weaker-dollar-wsj-idUSKBN29M0O7

Therefore, the US interest rates will have to rise to attract USD demand but this is a conundrum for the US Fed because the US FED wants to maintain status quo until 2023.

The US FED and Treasury Secretary will have to work together to maintain US interest rates and USD but this will be a very difficult task. You cannot have the best of both worlds because US interest rates and USD are positively correlated.

Israel’s virus czar says 1st dose proving less effective than Pfizer indicated.

https://www.timesofisrael.com/liveblog_entry/virus-czar-says-1st-dose-less-effective-than-pfizer-suggested-report/

Many people got infected after getting their first shot but before getting their 2nd shot.  However, not much information is being released by this virus czar......I wonder why?

Let's see how Pfizer's vaccine will perform in the real world as we also order the same vaccine.

ISDN - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/01/20	CIMB	ISDN	0.235	0.279	Add	Up from $0.22
08/07/20	Amfrasers	ISDN	0.365	0.42	Outperform	PER14x FY21
08/11/20	CIMB	ISDN	0.395	0.501	Add
08/20/20	Amfrasers	ISDN	0.365	0.47	Buy	PER14x FY21
09/22/20	CIMB	ISDN	0.36	0.501	Add
10/07/20	CIMB	ISDN	0.37	0.501	Add
10/12/20	Amfrasers	ISDN	0.38	0.47	Outperform
11/06/20	CIMB	ISDN	0.395	0.648	Add
11/20/20	Amfrasers	ISDN	0.405	0.6	Outperform	PER14x FY21
01/05/21	CIMB	ISDN	0.425	0.65	Add
01/07/21	CIMB	ISDN	0.43	0.72	Add	PER12x FY22

Ireit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/22/20	Phillip	Ireit	0.815	0.885	Accumulate	DDM
02/14/20	Phillip	Ireit	0.865	0.885	Accumulate	DDM
03/03/20	DMG & Partners	Ireit	0.785	0.92	Buy	DDM
03/13/20	Phillip	Ireit	0.715	0.89	Accumulate
04/13/20	DMG & Partners	Ireit	0.64	0.83	Buy	DDM
05/15/20	Phillip	Ireit	0.66	0.77	Buy	DDM
05/21/20	DMG & Partners	Ireit	0.68	0.83	Buy	DDM
06/23/20	DMG & Partners	Ireit	0.735	0.83	Buy
08/13/20	Phillip	Ireit	0.72	0.68	Neutral
09/14/20	Phillip	Ireit	0.69	0.68	Neutral
10/19/20	Phillip	Ireit	0.61	0.68	Neutral
11/13/20	Phillip	Ireit	0.615	0.68	Accumulate	DDM
11/17/20	DMG & Partners	Ireit	0.625	0.7	Buy	DDM
01/18/21	Phillip	Ireit	0.66	0.68	Accumulate