Keppel Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/20	CIMB	Keppel Corp	6.84	7.76	Add
01/08/20	DMG & Partners	Keppel Corp	6.84	7.8	Buy	Sum of parts
01/20/20	UOB Kay Hian	Keppel Corp	6.84	7.61	Buy
01/24/20	UOB Kay Hian	Keppel Corp	6.74	7.75	Buy	Sum of parts
01/28/20	DBS Vickers	Keppel Corp	6.75	7.5	Buy	Sum of parts
03/11/20	DMG & Partners	Keppel Corp	5.7	7.6	Buy	Sum of parts
03/11/20	OCBC	Keppel Corp	5.7	7.16	Buy
03/26/20	Macquarie	Keppel Corp	5.4	7	Outperform	Sum of parts
04/07/20	DMG & Partners	Keppel Corp	5.51	7.6	Buy
04/23/20	CIMB	Keppel Corp	5.7	7.48	Add	Sum of parts
04/29/20	HSBC	Keppel Corp	6.03	6.74	Buy	Cut from $7.80
04/30/20	DMG & Partners	Keppel Corp	5.97	7.4	Buy	Sum of parts
04/30/20	UOB Kay Hian	Keppel Corp	5.97	7.15	Buy	Sum of parts
04/30/20	Lim & Tan	Keppel Corp	5.97	0	Hold
04/30/20	DBS Vickers	Keppel Corp	5.97	6.8	Buy	Sum of parts
05/28/20	Macquarie	Keppel Corp	6.03	7	Outperform
05/29/20	DBS Vickers	Keppel Corp	5.97	6.8	Buy
05/29/20	CIMB	Keppel Corp	5.97	7.48	Add	Sum of parts
05/29/20	DMG & Partners	Keppel Corp	5.97	7.3	Buy
06/02/20	UOB Kay Hian	Keppel Corp	5.96	7.15	Buy
06/09/20	Lim & Tan	Keppel Corp	6.23	0	Buy
07/07/20	DMG & Partners	Keppel Corp	6.16	7.3	Buy
07/14/20	Macquarie	Keppel Corp	6.01	7	Outperform	Sum of parts
07/27/20	Lim & Tan	Keppel Corp	5.71	0	Buy on weakness
08/03/20	UOB Kay Hian	Keppel Corp	5.4	7.1	Buy	Sum of parts
08/03/20	DMG & Partners	Keppel Corp	5.4	7.3	Buy	Sum of parts
08/03/20	DBS Vickers	Keppel Corp	5.4	6.4	Buy	sum of parts, PB1x
08/03/20	CIMB	Keppel Corp	5.4	6.46	Add	Sum of parts
08/03/20	OCBC	Keppel Corp	5.4	6.4	Buy
08/11/20	Amfrasers	Keppel Corp	5.4	6.34	Outperform	Sum of parts
08/11/20	DBS Vickers	Keppel Corp	5.4	5.5	Hold	Sum of parts, PB1x
08/11/20	Lim & Tan	Keppel Corp	5.4	0	Hold
08/11/20	UOB Kay Hian	Keppel Corp	5.4	6.7	Buy	Sum of parts
09/02/20	Lim & Tan	Keppel Corp	4.55	0	Accumulate
09/22/20	Lim & Tan	Keppel Corp	4.19	0	Buy
09/22/20	CIMB	Keppel Corp	4.19	6.46	Add	Sum of parts
09/22/20	UOB Kay Hian	Keppel Corp	4.19	6.3	Buy	Sum of parts
09/30/20	DBS Vickers	Keppel Corp	4.3	5.5	Buy	Sum of parts, PB0.9x FY20
10/02/20	Lim & Tan	Keppel Corp	4.51	0	Buy
10/12/20	CIMB	Keppel Corp	4.49	6.46	Add	Sum of parts
10/12/20	Lim & Tan	Keppel Corp	4.49	5.63	Buy	Sum of parts
10/29/20	UOB Kay Hian	Keppel Corp	4.34	6.3	Buy
10/30/20	DBS Vickers	Keppel Corp	4.27	5.5	Buy	Sum of parts
11/03/20	OCBC	Keppel Corp	4.34	6	Buy
11/03/20	CIMB	Keppel Corp	4.34	6.46	Add	Sum of parts
11/23/20	Lim & Tan	Keppel Corp	5.15	0	Buy
12/03/20	Phillip	Keppel Corp	5.15	6.12	Buy	Sum of parts
12/04/20	Lim & Tan	Keppel Corp	5.15	0	Accumulate
01/05/21	Phillip	Keppel Corp	5.42	6.12	Buy

Jumbo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/20	DBS Vickers	Jumbo	0.385	0.47	Buy
02/07/20	DBS Vickers	Jumbo	0.335	0.38	Buy	PER23x FY20
02/13/20	UOB Kay Hian	Jumbo	0.335	0.32	Hold	PER21x FY20, Buy @ $0.29
03/25/20	DBS Vickers	Jumbo	0.198	0.18	Hold	PER18x FY20/21
03/26/20	DMG & Partners	Jumbo	0.21	0.2	Neutral	DCF
03/26/20	CIMB	Jumbo	0.21	0.218	Hold
04/22/20	DBS Vickers	Jumbo	0.245	0.18	Hold
04/23/20	UOB Kay Hian	Jumbo	0.245	0.23	Hold	Buy @ $0.20
05/18/20	DMG & Partners	Jumbo	0.25	0.19	Sell	DCF
05/18/20	DBS Vickers	Jumbo	0.25	0.21	Fully Valued	PER18x FY21
05/18/20	CIMB	Jumbo	0.25	0.2	Reduce
06/16/20	DMG & Partners	Jumbo	0.29	0.19	Sell
08/28/20	DMG & Partners	Jumbo	0.345	0.19	Sell
09/11/20	DBS Vickers	Jumbo	0.325	0.21	Fully Valued
11/27/20	DBS Vickers	Jumbo	0.32	0.22	Fully Valued	PER20x FY21
11/30/20	UOB Kay Hian	Jumbo	0.33	0.27	Sell
11/30/20	DMG & Partners	Jumbo	0.33	0.19	Sell	DCF

Jiutian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/24/20	Amfrasers	Jiutian	0.046	0.068	Outperform	PER8x
09/07/20	Amfrasers	Jiutian	0.05	0.068	Outperform
11/04/20	UOB Kay Hian	Jiutian	0.098	0.16	Buy	PER5x FY21
11/12/20	UOB Kay Hian	Jiutian	0.115	0.18	Buy	PER5x FY21
11/26/20	Amfrasers	Jiutian	0.086	0.14	Not Rated
01/18/21	CIMB	Jiutian	0.1	0.145	Add	PER5.7x FY22

Stock calls for 22 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/22/21	Kim Eng	Capitaland Integrated Commercial Trust	2.3	2.55	Buy
01/22/21	UOB Kay Hian	Capitaland Integrated Commercial Trust	2.3	2.32	Hold	Buy @ $2.12
01/22/21	CIMB	Capitaland Integrated Commercial Trust	2.3	2.56	Add
01/22/21	DMG & Partners	Capitaland Integrated Commercial Trust	2.3	2.1	Neutral
01/22/21	Lim & Tan	Sabana	0.375	0	Accumulate

More than 12K Israelis are getting re-inflected after getting Pfizer vaccinations.

https://www.globaltimes.cn/page/202101/1213566.shtml

Statistics in Israel are showing that Pfizer's efficacy is not as good as proclaimed.  As more vaccinated people get exposed to the virus, we will know the true efficacy in the foreseeable future.  The efficacy will drop further when the new variant infiltrates Israel.

Current vaccinations maybe ineffective against new covid variants.

https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html

Dr. Fauci has just announced his latest update about the efficacy of the existing vaccinations.  Furthermore, South Africa's NICD stated that the new variant was able to escape from our antibodies.

“Furthermore, 501Y.V2 shows substantial or complete escape from neutralising antibodies in COVID-19 convalescent plasma,” researchers with South Africa’s National Institute for Communicable Diseases wrote. Their conclusions, they said, “highlight the prospect of reinfection ... and may foreshadow reduced efficacy of current spike-based vaccines.”

Why did China clamp down on Ant's IPO? - Part 2

https://finance.yahoo.com/news/china-plans-online-payment-rules-105342219.html

Just as we've expected, Ant's valuation is seen falling by more than 50%.

We had given our assessment on Ant previously below.

http://sg-stock.blogspot.com/2020/11/why-did-china-clamp-down-on-ants-ipo.html

JEP - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/20	Phillip	JEP	0.205	0.25	Buy	PER14x FY20
08/21/20	Phillip	JEP	0.19	0.158	Reduce	PB1x
10/27/20	UOB Kay Hian	JEP	0.175	0.2	Buy

Jardine Matheson - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/10/20	CIMB	Jardine Matheson	50.12	52.53	Hold	Cut from $61.66
08/03/20	CIMB	Jardine Matheson	40.92	48.61	Add	PB0.78x FY20
12/02/20	CIMB	Jardine Matheson	54.52	54.68	Hold	PB0.85x