Penguin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/01/20	Lim & Tan	Penguin	0.5	0	Buy
06/03/20	phillip	Penguin	0.525	0.55	Accumulate	PB0.7x FY20
06/10/20	UOB Kay Hian	Penguin	0.52	0.6	Buy
06/18/20	CIMB	Penguin	0.49	0.55	Add
08/12/20	UOB Kay Hian	Penguin	0.43	0.42	Hold	Buy @ $0.34
08/31/20	CIMB	Penguin	0.435	0.55	Add	PB0.7x FY20
09/04/20	Lim & Tan	Penguin	0.425	0	Buy
02/16/21	CIMB	Penguin	0.65	0.65	Hold	offer price $0.65

Parkway Life - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/20	UOB Kay Hian	Parkway Life	3.44	3.8	Buy	DDM
07/29/20	Lim & Tan	Parkway Life	3.44	0	Hold
07/30/20	CIMB	Parkway Life	3.44	3.43	Hold
09/04/20	DBS Vickers	Parkway Life	3.89	4	Buy
11/05/20	CIMB	Parkway Life	4.1	4.03	Hold	DDM
12/11/20	Lim & Tan	Parkway Life	3.82	0	Hold
01/27/21	CIMB	Parkway Life	4.06	4.11	Hold
02/09/21	UOB Kay Hian	Parkway Life	4.04	4.38	Buy	DDM
04/20/21	DBS Vickers	Parkway Life	4.1	4.5	Buy	DCF
04/23/21	Lim & Tan	Parkway Life	4.21	0	Hold
04/26/21	UOB Kay Hian	Parkway Life	4.16	4.38	Buy	DDM
05/11/21	CIMB	Parkway Life	4.27	4.8	Add	DDM
07/15/21	DBS Vickers	Parkway Life	4.77	5.75	Buy	DCF
07/15/21	CIMB	Parkway Life	4.77	5.05	Add	DDM
07/15/21	UOB Kay Hian	Parkway Life	4.77	4.72	Hold

Stock calls for 26 July 2021

Date	Analyst	Company	Last	Target	Call	Valuation
07/26/21	Phillip	Capitaland	4	4.38	Buy	RNAV (20% discount)
07/26/21	phillip	Dasin Retail	0.52	0.78	Accumulate	DDM
07/26/21	DBS Vickers	ESR-Reit	0.44	0.53	Buy	DCF
07/26/21	CIMB	ESR-Reit	0.44	0.521	Add	DDM
07/26/21	DBS Vickers	Far East Orchard	1.11	1.7	Buy	Sum of parts
07/26/21	Phillip	Frasers Centrepoint Trust	2.38	2.87	Buy	DDM
07/26/21	CIMB	Frasers Centrepoint Trust	2.38	2.91	Add
07/26/21	Kim Eng	HRnetGroup	0.8	0.99	Buy
07/26/21	UOB Kay Hian	Ifast Corp	9.18	11.5	Buy	DCF, PER73.1x FY22
07/26/21	Lim & Tan	Ifast Corp	9.18	0	Take Profit
07/26/21	Kim Eng	Mapletree Commercial	2.14	2.35	Buy	DDM
07/26/21	Lim & Tan	Mapletree Commercial	2.14	0	Hold
07/26/21	OCBC	SATS	3.87	4.8	Buy
07/26/21	phillip	SGX	11.8	11.95	Neutral	PER25x FY21
07/26/21	CIMB	SGX	11.8	11.61	Add
07/26/21	DBS Vickers	SIA Engineering	2.08	2.05	Hold	Sum of parts
07/26/21	CIMB	SIA Engineering	2.08	2.85	Add

Baltic dry index - 3199

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count (weekly) - 491

 Related stock: Sembcorp Marine & Cosco.

Pfizer's vaccine is only 39% effective against delta variant.

https://www.cnbc.com/2021/07/23/delta-variant-pfizer-covid-vaccine-39percent-effective-in-israel-prevents-severe-illness.html

We had stated previously that Israel's proclamation of 64% efficacy for Pfizer was an overstatement and we've been proven right again.

http://sg-stock.blogspot.com/2021/07/delta-variant-is-infecting-fully.html

What does this mean? This means that the delta variant will continue to spread in a fully vaccinated nation and vaccination is an untenable solution because a fully vaccinated and infected person can still spread the virus in the community.

We will continue to have multiple lockdowns whenever there is a covid resurgence unless we can find another way or a newly improved vaccine to deal with this virus.

Delta variant is infecting fully vaccinated people in Singapore.

https://sg.news.yahoo.com/vaccinated-people-singapore-three-quarters-071043455.html

Quote:

"It reported 1,096 locally transmitted cases in the last 28 days, of which 484, or 44%, were fully vaccinated people, while 30% were partially vaccinated and the remaining 25% were unvaccinated."

The statistics in Israel, UK, and Singapore are debunking the high efficacy rates for the US vaccines.

Pan-United - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/18/20	Lim & Tan	PanUnited	0.31	0	Buy
06/23/20	Lim & Tan	PanUnited	0.315	0	Hold
08/04/20	Lim & Tan	PanUnited	0.29	0.31	Hold	PB1x FY20
09/11/20	Lim & Tan	PanUnited	0.29	0.31	Hold	PB1x FY20
03/29/21	phillip	PanUnited	0.295	0.4	Buy	EV/Ebitda7.8x FY21