Singapore Stock Exchange - Equity Investments

Monday, January 18, 2021

IFS Capital - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/11/20	Amfrasers	IFS Capital	0.2	0.3	Outperform

Ifast Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/20	DBS Vickers	Ifast Corp	1.02	1.1	Hold	DDM
04/24/20	DBS Vickers	Ifast Corp	0.975	1.27	Buy	DDM
06/22/20	CIMB	Ifast Corp	1.31	1.65	Add	Sum of parts
07/03/20	CIMB	Ifast Corp	1.45	1.65	Add	Sum of parts
07/24/20	DBS Vickers	Ifast Corp	1.74	2.35	Buy	DDM
07/24/20	CIMB	Ifast Corp	1.74	1.85	Add	Sum of parts
08/31/20	CIMB	Ifast Corp	2.37	2.44	Hold	Sum of parts
09/08/20	DBS Vickers	Ifast Corp	2.26	2.6	Buy	DDM
10/14/20	UOB Kay Hian	Ifast Corp	2.88	3.34	Buy
10/23/20	Lim & Tan	Ifast Corp	3.26	0	Take Profit
10/26/20	DBS Vickers	Ifast Corp	3.23	3.96	Buy	DDM
10/26/20	CIMB	Ifast Corp	3.23	3.41	Hold	PER31.2x FY21
12/08/20	DBS Vickers	Ifast Corp	2.69	3.96	Buy	DDM
12/10/20	CIMB	Ifast Corp	3.02	3.41	Hold
01/06/21	DBS Vickers	Ifast Corp	3.29	3.96	Buy
01/07/21	Lim & Tan	Ifast Corp	3.31	0	Hold
01/14/21	CIMB	Ifast Corp	3.95	4.15	Hold	PER37x FY22
01/15/21	Jefferies	Ifast Corp	4.28	4.35	Buy

Stock calls for 18 January 2021

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/21	Phillip	A-Reit	3.04	3.61	Buy
01/18/21	Lim & Tan	ART	1.13	0	Neutral
01/18/21	Phillip	Capitaland Integrated Commercial Trust	2.28	2.33	Buy
01/18/21	Credit Suisse	Capitaland Integrated Commercial Trust	2.28	2.6	Outperform
01/18/21	phillip	Dasin Retail	0.775	0.91	Accumulate
01/18/21	UOB Kay Hian	Food Empire	0.75	0.95	Buy
01/18/21	Phillip	Fortress Minerals	0.31	0.47	Buy	PER11x FY21
01/18/21	Credit Suisse	Frasers Centrepoint Trust	2.6	2.97	outperform
01/18/21	Phillip	Ireit	0.66	0.68	Accumulate
01/18/21	CIMB	Jiutian	0.1	0.145	Add	PER5.7x FY22
01/18/21	Phillip	Keppel DC Reit	2.85	2.91	Neutral
01/18/21	Credit Suisse	Keppel DC Reit	2.85	3.08	Outperform
01/18/21	Phillip	Lendlease Reit	0.82	0.78	Accumulate
01/18/21	Credit Suisse	Mapletree Commercial	2.19	2.26	Neutral	Up from $2.20
01/18/21	phillip	Prime US Reit	0.83	0.94	Buy
01/18/21	CIMB	SPH Reit	0.87	1.06	Add
01/18/21	OCBC	SPH Reit	0.87	0.88	Hold
01/18/21	UOB Kay Hian	Thai Beverage	0.775	0.85	Buy	Sum of parts

Singapore Nodx rose 6.8% in Dec 2020.

https://sg.finance.yahoo.com/news/singapores-december-exports-rise-6-003000864.html

Year on year changes (YOY):

December 2020: 6.8%

November 2020: -4.9%

October 2020: -3.1%

September 2020: 5.9%

August 2020: 7.7%

July 2020: 6%

June 2020: 16.1% (Revised to 13.9%)

May 2020: -4.6%

April 2020: 9.7%

March 2020: 17.6%

February 2020: 3% (Revised to 3.1%)

January 2020: - 3.3%

December 2019: 2.4%

November 2019: - 5.9%

October 2019: - 12.3%

September 2019: -8.1%

August 2019: - 8.9%

July 2019: -11.2%

June 2019: -17.3%

May 2019: -15.9%

April 2019: -10%

March 2019: -11.7%

February 2019: 4.9%

January 2019: -10.1%

December 2018: -8.5%

November 2018: -2.6%

October 2018: 8.3%

September 2018: 8.3%

August 2018: 5%

July 2018: 11.8% (Corrected)

June 2018: 1.1%

May 2018: 15.5%

April 2018: 11.8%

March 2018: -2.7%

February 2018: -5.9%

January 2018: 13%

December 2017: 3.1%

November 2017: 9.1%

October 2017: 20.9%

September 2017: -1.1%

August 2017: 16.7%

July 2017: 8.5%

June 2017: 8.2%

May 2017: -1.2%

Apr 2017: -0.7%

Mar 2017: 16.5%

Feb 2017: 21.1%

Jan 2017: 8.6%

Sunday, January 17, 2021

China has just called to suspend mRNA vaccines (Pfizer and moderna) for elderly!

https://www.globaltimes.cn/page/202101/1212915.shtml

This is bad news for Singapore because our government including PM Lee has encouraged Singaporeans to take Pfizer's vaccine.

https://www.reuters.com/article/us-health-coronavirus-singapore-lee/please-take-it-singapore-pm-says-after-getting-covid-19-vaccine-idUSKBN29D0H9

This is just like a gamble for our elderly. If you are lucky, you will survive but if you're not, you will be dead and you cannot blame our government.