Wing Tai - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/27/21	Lim & Tan	Wing Tai	1.83	2	Accumulate
06/27/22	DBS Vickers	Wing Tai	1.76	2.05	Buy	RNAV (50% disc)
08/26/22	Lim & Tan	Wing Tai	1.61	2.05	Accumulate
08/29/22	DBS Vickers	Wing Tai	1.68	2.05	Buy
09/12/22	DBS Vickers	Wing Tai	1.66	2.05	Buy
11/01/22	DBS Vickers	Wing Tai	1.52	2.05	Buy
11/11/22	Lim & Tan	Wing Tai	1.47	1.95	Accumulate

Stock calls for 2 December 2022

Date	Analyst	Company	Last	Target	Call	Valuation
12/02/22	UOB Kay Hian	BRC Asia	1.82	2.42	Buy	PER7x FY23
12/02/22	DBS Vickers	BRC Asia	1.82	2.22	Buy	PER8.2x FY23
12/02/22	CIMB	BRC Asia	1.82	2.5	Add
12/02/22	DMG & Partners	City Developments	8.31	9.75	Buy	RNAV (45% disc)
12/02/22	Lim & Tan	Civmec	0.585	0	Buy
12/02/22	Lim & Tan	Ireit	0.53	0.69	Accumulate	DDM
12/02/22	CIMB	Yangzijiang	1.4	1.63	Add

The latest study showed that omicron's pathogenicity was more lethal for elderly and infants.

The so-called "mildness" of omicron had been debunked by the latest study.  The vulnerable groups (infants and elderly) had depicted the true severity of omicron because they're the least to be affected by exogenous factors (vaccines & covid drugs) that would skew the data.   Although the elderly group is usually the first group to be vaccinated, most of them have pre-existing medical conditions that make them vulnerable.  The infant group is the most suitable segment to determine the pathogenicity of covid because they're unvaccinated.

The chart above showed that BA1 was the most lethal variant for infants and elderly and BA2 and BA5 were more lethal than delta for the same groups.

Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/02/21	DBS Vickers	Wilmar	4.84	6.67	Buy
06/11/21	DMG & Partners	Wilmar	4.79	6.45	Buy
06/11/21	Kim Eng	Wilmar	4.79	6.21	Buy
07/22/21	UOB Kay Hian	Wilmar	4.46	6.4	Buy	PER26x FY21
07/30/21	DMG & Partners	Wilmar	4.38	5.75	Buy
08/03/21	DBS Vickers	Wilmar	4.3	6.67	Buy	Sum of parts, PER21x FY21
08/05/21	CIMB	Wilmar	4.52	6.15	Add	Sum of parts
08/05/21	DMG & Partners	Wilmar	4.52	5.75	Buy
08/12/21	UOB Kay Hian	Wilmar	4.49	6.4	Buy	Sum of parts
08/17/21	DMG & Partners	Wilmar	4.39	5.45	Buy
08/17/21	Kim Eng	Wilmar	4.39	6.03	Buy
09/07/21	UOB Kay Hian	Wilmar	4.2	6.4	Buy	PER26x FY21
09/27/21	Kim Eng	Wilmar	4.08	6.03	Buy
09/29/21	CIMB	Wilmar	4.18	6.15	Add	Sum of parts
09/29/21	Citi Research	Wilmar	4.18	5.71	Buy	PER16.9x
10/04/21	CIMB	Wilmar	4.12	6.15	Add
10/21/21	UOB Kay Hian	Wilmar	4.36	6.4	Buy	Sum of parts
11/01/21	CIMB	Wilmar	4.32	6.15	Add	Sum of parts
11/01/21	Citi Research	Wilmar	4.32	5.82	Buy
11/01/21	UOB Kay Hian	Wilmar	4.32	6.4	Buy	Sum of parts
11/08/21	DMG & Partners	Wilmar	4.45	5.6	Buy
11/08/21	UOB Kay Hian	Wilmar	4.45	6	Buy
12/06/21	UOB Kay Hian	Wilmar	4.09	6	Buy
12/17/21	DMG & Partners	Wilmar	4.13	5.05	Buy
01/11/22	Citi Research	Wilmar	4.3	5.95	Buy
01/11/22	DMG & Partners	Wilmar	4.3	5.05	Buy
01/12/22	Kim Eng	Wilmar	4.27	5.8	Buy
01/19/22	UOB Kay Hian	Wilmar	4.24	6	Buy	Sum of parts
02/23/22	CIMB	Wilmar	4.62	5.69	Add	Sum of parts, PER15x FY22
02/23/22	Citi Research	Wilmar	4.62	6.08	Buy
02/23/22	DBS Vickers	Wilmar	4.62	6.67	Buy	Sum of parts
02/23/22	UOB Kay Hian	Wilmar	4.62	6	Buy	Sum of parts
02/24/22	UOB Kay Hian	Wilmar	4.56	5.5	Buy	Sum of parts
02/28/22	DMG & Partners	Wilmar	4.44	5.3	Buy
03/08/22	Kim Eng	Wilmar	4.7	6.56	Buy	DCF
03/11/22	UOB Kay Hian	Wilmar	4.61	5.5	Buy	Sum of parts
04/01/22	UOB Kay Hian	Wilmar	4.71	5.5	Buy	Sum of parts
04/12/22	DBS Vickers	Wilmar	4.62	6.67	Buy
04/12/22	DMG & Partners	Wilmar	4.62	5.3	Buy
05/05/22	UOB Kay Hian	Wilmar	4.41	5.5	Buy	Sum of parts
05/05/22	DMG & Partners	Wilmar	4.41	5.1	Buy	Sum of parts
05/10/22	CIMB	Wilmar	4.29	5.69	Add	PER15x FY22
05/10/22	Citi Research	Wilmar	4.29	6.08	Buy
05/13/22	UOB Kay Hian	Wilmar	4.13	5.5	Buy
06/23/22	UOB Kay Hian	Wilmar	4.02	5.5	Buy	Sum of parts
07/07/22	UOB Kay Hian	Wilmar	4.01	5.5	Buy	Sum of parts
07/12/22	CIMB	Wilmar	4.13	5.69	Add
08/05/22	UOB Kay Hian	Wilmar	4.13	5.5	Buy	Sum of parts
08/05/22	DBS Vickers	Wilmar	4.13	6.67	Buy
08/05/22	Lim & Tan	Wilmar	4.13	5.71	Buy
08/08/22	Kim Eng	Wilmar	4.3	4.47	Hold
08/08/22	DMG & Partners	Wilmar	4.3	5.05	Buy	Sum of parts
08/10/22	CIMB	Wilmar	4.09	5.69	Add
08/10/22	Citi Research	Wilmar	4.09	6.08	Buy
08/11/22	DMG & Partners	Wilmar	4.15	4.95	Buy	Sum of parts
10/19/22	UOB Kay Hian	Wilmar	3.52	5.5	Buy	Sum of parts
10/20/22	CIMB	Wilmar	3.55	4.68	Add	Sum of parts
10/31/22	Lim & Tan	Wilmar	3.6	5.39	Accumulate
11/01/22	UOB Kay Hian	Wilmar	3.88	5.5	Buy	Sum of parts
11/01/22	CIMB	Wilmar	3.88	4.68	Add	Sum of parts
11/01/22	DMG & Partners	Wilmar	3.88	5.4	Buy	Sum of parts
11/01/22	Kim Eng	Wilmar	3.88	4.27	Hold