Stock calls for 26 February 2021

Date	Analyst	Company	Last	Target	Call	Valuation
02/26/21	DBS Vickers	Delfi	0.76	0.96	Buy	PER18x FY21
02/26/21	DBS Vickers	Frencken	1.26	1.55	Buy
02/26/21	Kim Eng	Frencken	1.26	1.39	Buy	PB1.6x FY21
02/26/21	CIMB	Golden Agri	0.193	0.2	Hold
02/26/21	CIMB	Netlink	0.94	1.1	Add	DDM
02/26/21	OCBC	Netlink	0.94	1.1	Buy
02/26/21	Kim Eng	Netlink	0.94	1.11	Buy
02/26/21	DBS Vickers	OCBC	11.07	12.5	Buy
02/26/21	UOB Kay Hian	Propnex	0.81	0.97	Buy
02/26/21	CIMB	Propnex	0.81	0.888	Add
02/26/21	phillip	Raffles Medical	1.07	1.18	Accumulate	DCF
02/26/21	DBS Vickers	Sembcorp Marine	0.155	0.14	Hold	PB0.5x FY21
02/26/21	phillip	Sheng Siong	1.57	1.71	Accumulate	PER25x FY21
02/26/21	OCBC	Sheng Siong	1.57	1.79	Buy
02/26/21	CIMB	Sheng Siong	1.57	1.88	Add
02/26/21	Macquarie	UOB	24.64	26.6	Outperform
02/26/21	DBS Vickers	UOB	24.64	27.6	Buy
02/26/21	Kim Eng	UOB	24.64	26.24	Hold
02/26/21	CIMB	UOB	24.64	27.72	Add	GGM

Hot news: New Covid-19 variant, B.1.526, spotted in New York City.

https://edition.cnn.com/2021/02/25/health/variants-coronavirus-new-york-city/index.html

This new variant is said to be locally mutated in NY and has the same evasive immunity property as B1351 (South African variant).  AstraZeneca's vaccine has proven to be ineffective against B1351.

http://sg-stock.blogspot.com/2021/02/south-africa-suspends-astrazeneca-covid.html

Pfizer's efficacy is also low against B1351.

http://sg-stock.blogspot.com/2021/02/pfizer-has-finally-come-clean-about-its.html

China has proven once again that India is no match for China's military.

https://www.reuters.com/article/us-china-india-border-idUSKBN2AJ04B

China has proven that its soldiers are better equipped and well-trained than Indian soldiers because 1 Chinese soldier can kill 5 Indian soldiers.

We can see from the video below that the Indian soldiers breached China's border and outnumbered the Chinese soldiers but Indian soldiers suffered 20 deaths while Chinese soldiers only suffered 4 deaths.

Furthermore, China's fast retreat from the border also showed that China had better mobilization capability compared to India's slow retreat.

Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/20	DBS Vickers	Thai Beverage	0.895	1.04	Buy
01/28/20	UOB Kay Hian	Thai Beverage	0.795	0.9	Hold	Sum of parts, Buy @ $0.75
02/17/20	Phillip	Thai Beverage	0.785	0.95	Buy	Sum of parts
02/17/20	DMG & Partners	Thai Beverage	0.785	0.92	Buy	Sum of parts
02/17/20	UOB Kay Hian	Thai Beverage	0.785	0.9	Hold	Buy @ $0.75
02/17/20	CIMB	Thai Beverage	0.785	0.9	Add	Sum of parts
02/20/20	Amfrasers	Thai Beverage	0.845	0.96	Outperform	Sum of parts
03/10/20	Amfrasers	Thai Beverage	0.755	0.96	Outperform
04/16/20	DMG & Partners	Thai Beverage	0.675	0.79	Buy	Sum of parts
04/16/20	OCBC	Thai Beverage	0.675	0.9	Buy
04/20/20	CIMB	Thai Beverage	0.695	0.7	Hold
05/15/20	DBS Vickers	Thai Beverage	0.665	0.9	Buy	Sum of parts
05/18/20	Phillip	Thai Beverage	0.67	0.8	Buy	PER18x FY20
05/18/20	DMG & Partners	Thai Beverage	0.67	0.72	Neutral	Sum of parts
05/18/20	UOB Kay Hian	Thai Beverage	0.67	0.78	Buy
05/18/20	CIMB	Thai Beverage	0.67	0.7	Hold	Sum of parts
05/20/20	OCBC	Thai Beverage	0.66	0.71	Hold
07/03/20	DBS Vickers	Thai Beverage	0.675	0.9	Buy
08/07/20	DBS Vickers	Thai Beverage	0.63	0.9	Buy
08/17/20	DMG & Partners	Thai Beverage	0.605	0.72	Buy	Sum of parts
08/17/20	CIMB	Thai Beverage	0.605	0.7	Hold
08/17/20	Amfrasers	Thai Beverage	0.605	0.93	Outperform
08/18/20	Phillip	Thai Beverage	0.635	0.82	Buy	PER18x FY21
08/18/20	UOB Kay Hian	Thai Beverage	0.635	0.78	Buy	Sum of parts
09/24/20	CIMB	Thai Beverage	0.59	0.7	Add	Sum of parts, PER16.7x CY21
09/28/20	UOB Kay Hian	Thai Beverage	0.585	0.78	Buy	Sum of parts
10/05/20	Phillip	Thai Beverage	0.595	0.82	Buy
10/13/20	DBS Vickers	Thai Beverage	0.585	0.9	Buy	DCF
11/26/20	DBS Vickers	Thai Beverage	0.72	0.93	Buy	Sum of parts
11/27/20	UOB Kay Hian	Thai Beverage	0.745	0.85	Buy	Sum of parts
11/27/20	CIMB	Thai Beverage	0.745	0.87	Add
11/27/20	DMG & Partners	Thai Beverage	0.745	0.82	Buy
11/30/20	Phillip	Thai Beverage	0.75	0.86	Buy	PER18x FY21
12/08/20	OCBC	Thai Beverage	0.73	0.89	Buy
01/04/21	DBS Vickers	Thai Beverage	0.74	0.93	Buy
01/05/21	Phillip	Thai Beverage	0.73	0.86	Buy
01/18/21	UOB Kay Hian	Thai Beverage	0.775	0.85	Buy	Sum of parts
02/08/21	CIMB	Thai Beverage	0.82	0.872	Add	Sum of parts
02/15/21	Phillip	Thai Beverage	0.785	0.86	Accumulate	PER18x FY21
02/15/21	UOB Kay Hian	Thai Beverage	0.785	0.95	Buy	Sum of parts
02/15/21	DMG & Partners	Thai Beverage	0.785	0.94	Buy