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

Oxley - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/27/20	DMG & Partners	Oxley	0.23	0.29	Buy	RNAV (55% discount)
07/14/20	DMG & Partners	Oxley	0.235	0.29	Buy
09/01/20	UOB Kay Hian	Oxley	0.225	0.37	Buy	RNAV (30% discount)
09/28/20	DMG & Partners	Oxley	0.215	0.27	Buy
01/13/21	DMG & Partners	Oxley	0.235	0.27	Buy
02/15/21	DMG & Partners	Oxley	0.23	0.27	Buy
02/15/21	Lim & Tan	Oxley	0.23	0	Buy
02/18/21	UOB Kay Hian	Oxley	0.235	0.37	Buy
04/27/21	UOB Kay Hian	Oxley	0.26	0.37	Buy	RNAV (30% discount)

Overseas Education - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/18/20	Lim & Tan	Overseas Edu	0.32	0	Buy on weakness
06/18/20	CIMB	Overseas Edu	0.32	0.423	Add
08/17/20	Lim & Tan	Overseas Edu	0.29	0	Buy
09/02/20	CIMB	Overseas Edu	0.28	0.26	Hold
04/07/21	Lim & Tan	Overseas Edu	0.315	0	Accumulate on weakness