Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/20	UOB Kay Hian	Japfa	0.64	0.8	Buy
01/31/20	CIMB	Japfa	0.56	0.69	Add
01/31/20	Kim Eng	Japfa	0.56	0.72	Buy
03/03/20	UOB Kay Hian	Japfa	0.59	0.88	Buy	Sum of parts
03/04/20	DBS Vickers	Japfa	0.575	0.84	Buy	Sum of parts, PER11x
04/16/20	CIMB	Japfa	0.51	0.95	Add	PER12x CY21
04/16/20	UOB Kay Hian	Japfa	0.51	0.9	Buy	Sum of parts
04/16/20	DBS Vickers	Japfa	0.51	0.84	Buy
05/18/20	UOB Kay Hian	Japfa	0.635	0.98	Buy	Sum of parts
05/18/20	DBS Vickers	Japfa	0.635	0.86	Buy	Sum of parts, PER10x FY21
06/30/20	DBS Vickers	Japfa	0.67	0.82	Buy	Sum of parts, PER10.5x FY21
08/03/20	UOB Kay Hian	Japfa	0.66	0.98	Buy	Sum of parts
08/03/20	DBS Vickers	Japfa	0.66	0.82	Buy	Sum of parts
08/03/20	CIMB	Japfa	0.66	0.96	Add
10/13/20	CIMB	Japfa	0.65	0.96	Add
11/02/20	UOB Kay Hian	Japfa	0.645	0.98	Buy	Sum of parts
11/02/20	DBS Vickers	Japfa	0.645	1.03	Buy	sum of parts, PER11.3x FY21
12/08/20	UOB Kay Hian	Japfa	0.805	1	Buy	Sum of parts
12/08/20	DBS Vickers	Japfa	0.805	1.03	Buy	sum of parts, PER11.3x FY21
12/10/20	CIMB	Japfa	0.825	1	Add

Stock calls for 21 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/21/21	Lim & Tan	Capitaland Integrated Commercial Trust	2.35	0	Hold
01/21/21	Jefferies	Capitaland Integrated Commercial Trust	2.35	2.55	Buy	DDM
01/21/21	Jefferies	City Developments	7.64	11	Buy
01/21/21	DBS Vickers	ESR-Reit	0.41	0.45	Buy	DCF
01/21/21	DMG & Partners	ESR-Reit	0.41	0.48	Buy
01/21/21	OCBC	ESR-Reit	0.41	0.47	Buy
01/21/21	UOB Kay Hian	SPH	1.22	1.22	Hold	Buy @ $1.05
01/21/21	UOB Kay Hian	ST Engineering	3.86	3.65	Hold	Buy @ $3.40-3.45
01/21/21	DBS Vickers	Wilmar	5.34	6.67	Buy	Sum of parts, PER21x FY21
01/21/21	Jefferies	Wing Tai	1.98	2.4	Buy

China has sanctioned 28 Americans including Mike Pence and Pompeo.

https://www.cnbc.com/2021/01/20/china-sanctions-pompeo-obrien-azar-and-other-trump-administration-officials.html

The China sanction is long overdue but it is just a symbolic move to show the world that China is no pushover.  The China sanction is not as serious as the US sanction because it doesn't prevent companies from doing business with these 28 Americans.  This means that these 28 Americans can still use Visa and Mastercards compared to the HK Chief Executive.

Let's not forget that Visa and Mastercards need licences to operate in China, HK and Macau, and China still can force them to ban these sanctioned Americans if necessary.

However, China's sanction will make Mike Pence and Pompeo lose their candidacies in the next US presidential election even when this sanction doesn't affect their daily lives.

Japan Foods - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/06/20	DMG & Partners	Japan Foods	0.35	0.35	Neutral	Sum of parts
06/16/20	DMG & Partners	Japan Foods	0.33	0.35	Neutral
07/22/20	DMG & Partners	Japan Foods	0.325	0.33	Neutral	Sum of parts
08/28/20	DMG & Partners	Japan Foods	0.33	0.33	Neutral

Ix Biopharma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/02/20	Phillip	Ix Biopharma	0.235	0.455	Buy	DCF

ISOTeam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/28/20	DMG & Partners	ISOTeam	0.23	0.31	Buy	DCF
02/18/20	DMG & Partners	ISOTeam	0.22	0.31	Buy	DCF
03/23/20	DMG & Partners	ISOTeam	0.122	0.24	Buy	DCF, PER8.7x FY20
11/05/20	DMG & Partners	ISOTeam	0.147	0.21	Buy	PER11x FY21