Coronavirus Global Updates May 10::: Dubai Business Improves; Thailand Death Toll Tops 400

Mon May 10 11:18:43 CAT 2021

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Coronavirus Global Updates May 10::: Dubai Business Improves; Thailand Death Toll Tops 400

 <https://www.facebook.com/Hyundaizimbabwe/> 

Zimbabwe COVID19 Update

COVID-19 update: As at 09 May 2021, Zimbabwe had 38 419 confirmed cases, including 36 063 recoveries and 1 576 deaths. To date, a total of 526 066 people have been vaccinated against COVID-19.

Dubai Business Improves; BioNTech’s Singapore Site: Virus Update
BioNTech SE selected Singapore as its Southeast Asia headquarters and could have an operational production facility in the city as early as 2023.

Earlier, Shanghai Fosun Pharmaceutical Group Co. said it will set up a joint venture with BioNTech to produce the latter’s mRNA Covid-19 vaccine in China, a sign that the highly effective inoculation is moving closer to getting approved for general use in the country.

Business activity in Dubai improved while India’s capital New Delhi extended its  <https://www.bloomberg.com/news/articles/2021-05-09/delhi-extends-lockdown-tightens-restrictions-to-curb-virus> lockdown for another week.

 <https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/> 

Japan, Chugai Make Deal on Supply of Regeneron 
 <https://www.bloomberg.com/news/terminal/QSVOIXDWLU6F> Chugai says Japan has agreed to secure the cocktail of casirivimab and imdevimab, being evaluated as a potential treatment for Covid-19, for domestic use in 2021 if it’s approved by the Japanese regulatory authority. A Phase I clinical trial in Japan began in March of this year.

Thailand Death Toll Tops 400 
Deaths in Thailand from Covid-19 surpassed 400 on Monday. A 25-week pregnant Thai woman became the first person in the country to be diagnosed with the Indian variant of the virus.

The nation’s Covid-19 panel will hold a meeting to discuss measures to tackle the Indian variant, according to Apisamai Srirangsan, a Covid-19 center spokeswoman. There were 1,630 new infections and 22 deaths, which took the total infections and fatalities to 85,005 and 421, respectively. More than half of the total infections and deaths are from a new outbreak which began in April.

BioNTech to Build Vaccine Facility in Singapore 
The German vaccine developer selected the city-state as its Southeast Asia headquarters and first Asia-Pacific hub. BioNTech’s manufacturing site will support global supply of mRNA-based vaccines, the company said in a  <https://www.bloomberg.com/news/terminal/QSVM140799MP> statement. The plan is a boon for Singapore’s long-term strategy to build out next-generation sectors of its economy, including biopharmaceuticals.

Dubai Business Activity Improves 
Business activity in  <https://www.bloomberg.com/news/articles/2021-05-10/dubai-business-conditions-improve-as-tourism-rebounds> Dubai rose to the highest level since late 2019 after a rebound in tourism and a fast distribution of coronavirus vaccines.

The private sector, excluding oil, grew for a fifth-straight month in April, according to IHS Markit. Its Purchasing Managers’ Index for the Middle East’s main business hub rose to 53.5 from 51 in March, staying above the 50-mark that separates growth from contraction and signaling significant economic expansion.

India Daily Death Toll Dips Slightly 
India added 366,161 more cases Monday, lower than the 400,000-odd numbers it reported Sunday. Numbers on Monday typically tend to be lower than usual because of a dip in testing across the country during the weekend. The data tends to rebound starting Wednesday. India also reported 3,754 deaths Monday, taking the total death toll in the country to 246,116.

More than two thirds of states are shut if assessed by their contribution to national output, analysts at Jefferies calculated last week. Tamil Nadu, which houses foreign manufacturers including BMW and Dell, will also close from Monday, while Delhi  <https://www.bloomberg.com/news/articles/2021-05-09/delhi-extends-lockdown-tightens-restrictions-to-curb-virus> extended its lockdown for another week. The restrictions had been set to end Monday after being extended several times already.

India is  <https://www.bloomberg.com/news/articles/2021-05-10/india-covid-testing-vaccines-slow-as-infections-and-deaths-rise> testing and vaccinating its citizens at a lower rate compared with recent months. Cases have risen 3.6 times in the last one month and deaths 6.3 times, while testing has increased only 1.5 times and daily vaccine doses fallen 38%, Bhramar Mukherjee, a professor at the School of Public Health at the University of Michigan, wrote on Twitter.

Singapore to Widen Testing 
Singapore will test thousands of people for Covid-19 as the number of infections unlinked to current virus clusters continued to rise over the weekend. An additional 10 Covid-19 cases were reported by the country’s health ministry late on Sunday. Separately, four individuals are connected to an earlier cluster at Changi Airport and three are related to the cluster at Tan Tock Seng Hospital.

IOC President to Visit Japan 
The International  <https://www.bloomberg.com/news/terminal/QSVE3UDWLU6S> Olympic Committee is making arrangements for President Thomas Bach to travel to Japan in June, FNN reported, without saying where it got the information. Bach’s visit scheduled for May 17 has been canceled as a result of the extension of a state emergency covering Tokyo and other areas where the coronavirus outbreak is spreading.

BioNTech’s China Venture 
Shanghai Fosun said on Sunday it will set up a 50:50 joint venture with BioNTech to produce mRNA Covid-19 vaccine in China. Both companies have committed up to $100 million investment through cash, production facilities and technologies. Fosun will set up a production facility capable of making 1 billion doses of the vaccine, according to the company’s filing to the Shanghai Stock Exchange.

 <https://sponsored.bloomberg.com/article/crowd-street/three-ways-to-find-solid-investment-ground-with-real-estate> 

The Shanghai-based drug company struck a deal in March 2020 to license and develop the Covid shot in the Greater China region that includes Hong Kong, Macau and Taiwan, while Pfizer Inc. later agreed to co-develop and commercialize it in the rest of the world. The vaccine is now being reviewed by Chinese drug regulator. Fosun Pharmaceutical shares rose as much as  <https://www.bloomberg.com/news/terminal/QSVBHEDWLU6X> 23% in Hong Kong.

Virus Causing Spread of Fungal Infection 
Coronavirus is causing the spread of a deadly fungal infection called mucormycosis across the western state of Maharashtra, the Times of India  <https://timesofindia.indiatimes.com/india/black-fungus-centre-issues-advisory-on-management-of-mucormycosis-in-covid-patients/articleshow/82503416.cms> reported. Hospitals in Mumbai, which are treating dozens of such patients, are facing a shortage of anti-fungal medicines. The infection can also lead to blindness. The fungal infection usually sets in two to three weeks after treatment for covid and was mostly found in patients who already suffer from diabetes and then got affected by Covid-19.

Bolsonaro Leads Mother’s Day Parade Maskless 
A maskless President Jair Bolsonaro led a Mother’s Day motorcycle parade on Sunday as Brazil added almost 39,000 Covid-19 cases. Deaths increased by 1,024 to 422,340 in the latest daily count, according to Health Ministry data.

The ministry will begin distributing 1.12 million doses of the Pfizer/BioNTech vaccine Monday. The latest batch brings Brazil’s distribution to about 75.4 million doses and more than 46.8 million shots administered.

England Set to Allow Indoor Mixing 
Prime Minister Boris Johnson confirmed that the  <https://www.bloomberg.com/news/articles/2021-05-09/johnson-confirms-indoor-mixing-allowed-in-england-from-may-17> next stage of lockdown easing in England will go ahead on May 17 as planned, as the Covid-19 infection rate reaches its lowest level since September.

People will be allowed to stay overnight with friends or relations, and indoor hospitality will be reopened. The government said last week limited international travel will also resume then.

U.S. Hospitalizations Reach Seven-Month Low 
The share of U.S. hospital beds occupied by Covid-19 patients fell to 5.37%, the lowest since Oct. 5, according to the U.S. Department of Health & Human Services.

Michigan had the biggest percentage of beds occupied by Covid patients at 13.3% followed by Maryland at 10.8%, according to the latest HHS data, which reflect the situation on Thursday. Florida had 3,504 hospitalized Covid patients, the most of any state, followed by Texas with 3,080.

Iran Sets Vaccination Goal 
President Hassan Rouhani said some 13 million people in Iran, about 15% of the population,  <https://www.bloomberg.com/news/articles/2021-05-09/rouhani-says-iran-will-vaccinate-13-million-people-by-late-july> will be vaccinated against the coronavirus by July 22, as the country tries to combat the Middle East’s worst outbreak.

Rouhani said he expects all people in high-risk groups to receive at least their first dose by that date, the state-run Islamic Republic News Agency reported, adding that two domestically developed shots will be ready for mass use by June.

Third of U.K. Adults Fully Vaccinated 
More than a third of the United Kingdom’s adult population is now fully vaccinated against Covid-19, and two-thirds of adults have received a first shot. The U.K. has now administered more than 53 million doses of coronavirus vaccines. The success of the vaccine rollout, coupled with strict lockdown measures that are now being eased, has led to a plunge in new cases and deaths. Health authorities on Sunday reported just two daily deaths from the virus in all of the U.K.

Spain Celebrates 
Spaniards broke out in spontaneous celebration at midnight, after a national state of emergency that included curfews from 11 p.m. to 6 a.m. in most of Spain ended at midnight. In the capital of Madrid alone, the police intervened in more than 450 incidents, the Associated Press reported, as hundreds of people, mostly youth, took to the main plazas and streets in several large cities.

“Freedom doesn’t involve holding booze parties in the street because street drinking is not allowed in the city of Madrid,” Mayor José Luis Martínez-Almeida said Sunday.

Restrictions were eased on restaurants, travel between regions, and on social gatherings.

Fauci Says U.S. Deaths Undercounted 
There’s  <https://www.bloomberg.com/news/articles/2021-05-09/fauci-says-no-doubt-u-s-has-undercounted-its-covid-deaths> “no doubt” the U.S. has undercounted its number of deaths from Covid-19, which now stand at over 581,000, President Joe Biden’s top medical adviser said.

But Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said on NBC’s “Meet the Press” that a University of Washington analysis published May 6 that the true toll is probably over 900,000 is “a bit more than I would have thought.”

U.S. Adds Fewer Than 35,000 Cases 
The U.S. added fewer than 35,000 cases on Saturday, sending the seven-day rolling average of new infections to the lowest since the end of September. While reporting often lags on weekends, the data collected by Johns Hopkins University and Bloomberg is the latest sign that the pandemic in America is easing.

Another 625 people nationwide died of Covid-19, bringing the toll to more than 581,000 since the outbreak began. Detroit and New York City had the most deaths per capita among major metro areas in the week through Wednesday, according to a Centers for Disease Control and Prevention report dated May 6.

EU Hasn’t Renewed Astra Contract 
The European Union hasn’t renewed its contract for vaccines from AstraZeneca Plc, Industry Commissioner Thierry Breton said Sunday on France Inter radio.

The bloc started legal proceedings against the company over shortfalls last month. Breton also said the region is pushing for the establishment of vaccine factories in Africa, which is just as important as the question of intellectual property protections covering the technology.

INVESTORS DIARY 2021

Company

Event

Venue

Date & Time

NMB

AGM

virtual

12/05/21 :  3:30pm

Africa Day

25/05/21

Public Holiday in lieu of Independence Day falling on a Sunday

19/04/21

Companies under Cautionary

ART

PPC

Dairibord

Starafrica

Fidelity

Turnall

Medtech

Zimre

Nampak Zimbabwe

DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and sourced from third parties.

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