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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=919 style='width:689.55pt;border-collapse:collapse'><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border:solid white 1.0pt;border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt'></td><td width=6 style='width:4.4pt;border:none;border-top:solid white 1.0pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='text-indent:33.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><a href="https://bullszimbabwe.com/"><span style='color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=246 height=120 id="Picture_x0020_1" src="cid:image001.png@01D6FBBC.CB8E91B0" alt="cid:image001.png@01D6FBBC.CB8E91B0"></span></a></span><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><a href="http://www.bullszimbabwe.com"><span style='color:windowtext;text-decoration:none'>Bullszimbabwe.com </span></a> <a href="mailto:info@bulls.co.zw?subject=View%20and%20Comments"><span style='color:windowtext;text-decoration:none'>Views & Comments</span></a> <a href="https://bullszimbabwe.com/category/blogs/bullish-thoughts/"><span style='color:windowtext;text-decoration:none'>Bullish Thoughts</span></a> <a href="http://www.twitter.com/BullsBears2010"><span style='color:windowtext;text-decoration:none'>Twitter</span></a> <a href="https://www.facebook.com/BullsBearsZimbabwe"><span style='color:windowtext;text-decoration:none'>Facebook</span></a> <a href="http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72"><span style='color:windowtext;text-decoration:none'>LinkedIn</span></a> <a href="https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO"><span style='color:windowtext;text-decoration:none'>WhatsApp</span></a> <a href="mailto:info@bulls.co.zw?subject=Unsubscribe"><span style='color:windowtext;text-decoration:none'>Unsubscribe</span></a><o:p></o:p></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoSubtitle style='margin-left:32.1pt;text-indent:7.5pt;line-height:105%'><span class=style30><b><span style='font-family:"Verdana",sans-serif;color:windowtext'><o:p> </o:p></span></b></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> </span><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span class=style30><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Coronavirus Global Updates, Feb 24 :::: Cambodia Sees Sudden Rise in Cases and Hong Kong Residents Get Cash; Vaccines Roll Out</span></b></span><b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></b></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span class=style30><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> </span><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td></tr><tr style='height:3.0pt'><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:3.0pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><a href="https://www.facebook.com/Hyundaizimbabwe/"><span style='color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=883 height=272 id="Picture_x0020_17" src="cid:image002.png@01D70828.70EB93C0" alt="cid:image002.png@01D70828.70EB93C0"></span><span style='color:windowtext;text-decoration:none'> </span></a><span class=style30><b><o:p></o:p></b></span></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.0pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> </span><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td></tr><tr style='height:10.05pt'><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:10.05pt'><td width=914 colspan=4 rowspan=3 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:10.05pt'><h1 style='line-height:33.75pt;background:white'><span lang=EN-US style='font-size:11.0pt;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Zimbabwe COVID19 Update<o:p></o:p></span></h1><p class=MsoNormal style='background:white'><span style='font-family:"Verdana",sans-serif'>COVID-19 update: As at 23 February 2021, Zimbabwe had 35 910 confirmed cases, including 32 288 recoveries and 1 448 deaths. <o:p></o:p></span></p><p class=MsoNormal style='background:white'><o:p> </o:p></p><p class=MsoNormal style='background:white'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><img border=0 width=628 height=868 id="Picture_x0020_5" src="cid:image003.jpg@01D70A9D.67723480" alt=Image></span><span style='font-family:"Verdana",sans-serif'> </span><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><img border=0 width=32 height=32 id="Rectangle_x0020_1" src="cid:image006.png@01D70789.BF2A3F90" alt=Image></span><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p><h1 style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:15.0pt;margin-left:0cm;background:white;vertical-align:baseline'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;letter-spacing:-.3pt'><br></span><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;letter-spacing:-.3pt'>Hong Kong Residents Get Cash; Vaccines Roll Out: Virus Update<br></span><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;font-weight:normal'>Hong Kong pledged HK$120 billion ($15.5 billion) to <a href="https://www.bloomberg.com/news/articles/2021-02-24/hong-kong-pledges-hk-120-billion-in-support-as-economy-recovers" target="_blank" title="Hong Kong Pledges HK$120 Billion in Support as Economy Recovers"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>support</span></a> its economy and will give HK$5,000 in vouchers to residents in an effort to boost consumption, Financial Secretary Paul Chan said in his budget speech.<o:p></o:p></span></h1><p style='margin:0cm;margin-bottom:.0001pt;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>Thailand received its first batch of doses from Sinovac Biotech Ltd., allowing it to start its vaccination campaign within a week. The country may also waive quarantine for <a href="https://www.bloomberg.com/news/articles/2021-02-23/thailand-mulls-waiving-quarantine-rule-for-vaccinated-tourists" target="_blank" title="Thailand Mulls Waiving Quarantine for Vaccinated Tourists (1)"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>vaccinated visitors</span></a> to rebuild tourism, while Taiwan will ease its entry ban on non-residents next week. Singapore Prime Minister Lee Hsien Loong said the city-state is in talks with other countries on mutual <a href="https://www.bloomberg.com/news/terminal/QP0N5MT0G1L8" target="_blank" title="Singapore in Talks on Vaccine Certification With Other Countries"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>recognition</span></a> of vaccine certification, a key step in reviving global travel.<br><br><o:p></o:p></span></p><p style='margin:0cm;margin-bottom:.0001pt;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>The U.S. may soon issue guidance easing public health protocols for fully vaccinated people, President Joe Biden’s chief medical adviser Anthony Fauci <a href="https://www.bloomberg.com/news/articles/2021-02-23/fauci-hints-at-relaxed-rules-u-k-airlines-soar-virus-update" target="_blank" title="Fauci Hints at Eased Rules; Astra Cuts EU Target: Virus Update"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>suggested</span></a>, amid expectations of greater vaccine <a href="https://www.bloomberg.com/news/articles/2021-02-23/more-vaccine-doses-they-re-coming-say-u-s-drugmakers" target="_blank" title="U.S. Will Have Enough Vaccine for 130 Million by End of March"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>availability</span></a> in March.<o:p></o:p></span></p><p class=MsoNormal style='background:white;vertical-align:baseline'><span style='font-family:"Verdana",sans-serif'><br><a href="https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/" target="_blank" title="More Than 209 Million Shots Given: Covid-19 Vaccine Tracker"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'><o:p></o:p></span></a></span></p><p class=MsoNormal style='background:white;vertical-align:baseline'><span style='font-family:"Verdana",sans-serif'><b>Taiwan to Ease Entry Ban</b> <br>A ban on non-resident foreign nationals will be eased from <a href="https://www.bloomberg.com/news/terminal/QP0SD0T0AFBI" target="_blank" title="Taiwan to Resume Shorter Quarantine for Business Travelers (1)"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>March 1</span></a>, allowing short-term business travelers from lower risk areas to apply for five to seven days of quarantine, Taiwan Centers for Disease Control said. The entry ban has been in place since Jan. 1 and also applies to airline transit passengers.<br><br><o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=pace-of-indonesia-vaccinations-lags-target-212-pm-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Pace of Indonesia Vaccinations Lags Target <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Six weeks into its vaccination program, Indonesia has administered more than 2 million Sinovac Biotech shots with no reports so far of serious adverse effects. The elderly are starting to get their doses after the country inoculated frontline workers, including those in <span style='border:none windowtext 1.0pt;padding:0cm'>healthcare</span> and the military.<o:p></o:p></span></h3><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>The pace of vaccinations remains slow at about 50,000 a day, far short of the 500,000 needed to reach Indonesia’s target of more than 180 million this year. Bureaucracy remains a hurdle as registration requires multiple steps and health facilities limit numbers to avoid crowds.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=philippines-expects-sinovac-shots-next-week-138-pm-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Philippines Expects Sinovac Shots Next Week <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>The Philippines is due to receive its first vaccine shipments from Sinovac Biotech by Feb. 28 and can start inoculations a day after, presidential spokesman Harry Roque said. The Chinese drugmaker said it needs a week to prepare the delivery and is coordinating with the Philippine customs bureau.<o:p></o:p></span></h3><p style='margin:0cm;margin-bottom:.0001pt;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>President Rodrigo Duterte is “perplexed” with the local regulator’s decision <a href="https://www.bloomberg.com/news/articles/2021-02-22/philippines-clears-china-s-sinovac-vaccine-for-emergency-use" target="_blank" title="Philippines Clears Sinovac Shots, But Not for Health Workers (1)"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>not to recommend</span></a> Sinovac shots to health workers, Roque said.<br><br><o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=hong-kong-vaccination-rollout-115-pm-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Hong Kong Vaccination Rollout <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Hong Kong is expected to start Pfizer-BioNTech <a href="https://www.bloomberg.com/news/terminal/QP0MG0T1UM1B" target="_blank" title="H.K. to Start Pfizer-BioNTech Vaccinations March 8 Soonest: TVB"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>vaccinations</span></a> as early as March 8, with registrations starting next week, TVB reported, citing unidentified people. Meanwhile, appointments for the Sinovac shot, which arrived in the city first, are fully booked for the next two weeks.<br><br><o:p></o:p></span></h3><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=china-accepts-cansinos-vaccine-application-1259-pm-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>China Accepts CanSino’s Vaccine Application <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>CanSino Biologic Inc. <a href="https://www.bloomberg.com/news/terminal/QP0OY5T0G1L0" target="_blank" title="CanSino Rises; China Accepts Vaccine Conditional Marketing App."><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>said</span></a> its application for conditional approval of its Ad5-nCoV vaccine, jointly developed with the Chinese military, has been accepted by China’s drug regulator. A single dose has an overall efficacy of nearly 69% against all symptomatic Covid-19 disease after 14 days and a 95% rate against severe disease in the same period, the Tianjin-based company said.<o:p></o:p></span></h3><p style='mso-margin-top-alt:22.5pt;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>Late stage trials have been carried out in Pakistan, Mexico, Russia, Chile and Argentina, and the vaccine has been approved for emergency use in Mexico.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=vaccines-arrive-in-thailand-1215-pm-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Vaccines Arrive in Thailand <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Thailand received its first vaccines from Sinovac Biotech, while another batch from AstraZeneca is due later in the day. The 200,000 doses from Sinovac and 117,000 from AstraZeneca allow the nation to start its vaccination drive within a week and will be distributed to <span style='border:none windowtext 1.0pt;padding:0cm'>healthcare</span> and front-line workers. Thailand has ordered 2 million doses from Sinovac and 61 million from AstraZeneca.<br><br><o:p></o:p></span></h3><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=hong-kong-budget-pledges-1153-am-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Hong Kong Budget Pledges</span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'> <br>Each permanent resident over the age of 18 will get coupons of HK$5,000 designed to be spent in shops, bars and restaurants, which have been badly hit by the pandemic and enforced closures. Financial Secretary Paul Chan’s budget also includes reductions to salaries tax and electricity subsidies.<o:p></o:p></span></h3><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>The budget “aims to alleviate the hardship and pressure caused by the economic downturn and the epidemic through the introduction of counter-cyclical measures costing over HK$120 billion,” Chan said. He also said Hong Kong would continue discussing travel bubbles with countries.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline'><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Record Loss for Top Singapore Developer <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>CapitaLand Ltd., the largest developer in Singapore, suffered a <a href="https://www.bloomberg.com/news/articles/2021-02-23/singapore-s-biggest-developer-capitaland-sees-loss-on-impairment" target="_blank" title="Singapore’s Biggest Developer CapitaLand Posts Record Loss (1)"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>record full-year loss</span></a> of S$1.57 billion ($1.2 billion) after writing down the value of some investment properties and residential projects during the pandemic. The Covid-19 crisis has battered Singapore’s property market, particularly office and hospitality assets.<br><br><o:p></o:p></span></h3><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=china-denies-blocking-taiwan-1050-am-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>China Denies Blocking Taiwan </span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'><br>The accusation that China is blocking Taiwan’s purchases of vaccines is groundless, China’s Taiwan Affairs Office spokesman Ma Xiaoguang told a briefing in Beijing.<o:p></o:p></span></h3><p style='mso-margin-top-alt:22.5pt;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>Taiwan’s health minister suggested last week that the derailing of a purchase of five million doses from Germany’s BioNTech SE was due to political pressure from “external forces.”<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=new-zealand-central-bank-decision-1005-am-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>New Zealand Central Bank Decision</span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'> <br>The Reserve Bank of New Zealand <a href="https://www.bloomberg.com/news/articles/2021-02-24/rbnz-says-prolonged-monetary-stimulus-remains-necessary" target="_blank" title="RBNZ Says ‘Prolonged’ Monetary Stimulus Remains Necessary (1)"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>signaled</span></a> it is in no rush to remove monetary stimulus, saying inflation will slow next year and the economic outlook remains highly uncertain amid the pandemic.<o:p></o:p></span></h3><p style='mso-margin-top-alt:22.5pt;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>“Prolonged monetary stimulus” is necessary and it will require “considerable time and patience” to meet inflation and employment targets, the central bank said. The official cash rate was kept at 0.25% and the Large Scale Asset Purchase program left at NZ$100 billion ($73 billion). The RBNZ said it “remains prepared to provide additional monetary stimulus if necessary.”<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=cambodia-sees-sudden-rise-in-cases-958-am-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Cambodia Sees Sudden Rise in Cases</span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'><br>Cambodia reported 40 new cases as infections continue to climb in the Southeast Asian country.<br><br><o:p></o:p></span></h3><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline'><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Japan Leisure and Travel Shares Rise <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Stocks including Japan Airlines Co. and ANA Holdings Inc. <a href="https://www.bloomberg.com/news/terminal/QP0B75DWX2PV" target="_blank" title="Japan Leisure, Travel Shares Rise Amid Hopes Virus Rules to Ease"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>rose</span></a> following reports the Japanese government is <a href="https://www.bloomberg.com/news/terminal/QOZ0O4DWLU6L" target="_blank" title="Japan Seen Ending Virus Emergency Early Outside Tokyo Region (3)"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>considering lifting</span></a> the state of emergency outside Tokyo earlier than planned as virus cases fall.<o:p></o:p></span></h3><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>The decision could come as soon as Friday. Prime Minister Yoshihide Suga will discuss the possible move Wednesday with virus czar Yasutoshi Nishimura and Health Minister Norihisa Tamura, according to public broadcaster NHK.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=vietnam-to-get-first-batch-of-vaccines-906-am-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Vietnam to Get First Batch of Vaccines <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>The <a href="https://www.bloomberg.com/news/terminal/QP0BXCDWX2PS" target="_blank" title="Vietnam to Receive First Batch of Vaccines Today: Thanh Nien"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>first batch</span></a> of AstraZeneca vaccines will arrive in Vietnam on Wednesday having been approved by the Health Ministry this month, Thanh Nien newspaper reported.<o:p></o:p></span></h3><p style='mso-margin-top-alt:22.5pt;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>Vietnam signed a deal with AstraZeneca to acquire about 30 million doses, and it expects to get another 30 million through the World Health Organization-backed Covax program in the second half of the year. The government is in talks to buy more vaccine doses.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=colorado-deactivates-hospital-care-plan-823-am-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Colorado Deactivates Hospital Care Plan <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Colorado ended its Crisis Standard of Care Plan that set emergency guidelines for allotting hospital care and recommended allocation of scarce resources such as ventilators and intensive care unit beds, the state’s Joint Information Center said. The deactivation was ordered earlier in the month but announced publicly Tuesday.<br><br><o:p></o:p></span></h3><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=biden-shelves-mask-shipments-740-am-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Biden Shelves Mask Shipments <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Biden will announce a program to send <a href="https://www.bloomberg.com/news/articles/2021-02-23/millions-of-masks-to-be-sent-to-households-in-biden-equity-plan" target="_blank" title="Biden Shelves Mass Mask Shipments In Favor of Targeted Push (1)"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>cloth masks</span></a> to disadvantaged U.S. communities to curb while shelving for now a proposal to send masks to every American, according to two administration officials familiar with the plans.<br><br><o:p></o:p></span></h3><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=chip-issue-to-hit-ford-gm-results-moodys-701-am-hk><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Chip Issue to Hit Ford, GM Results: Moody’s <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>The global semiconductor shortage exacerbated by the pandemic will slash earnings at General Motors Co. and Ford Motor Co. by about one-third this year as supply constraints hamper production and profits, Moody’s Investor Service <a href="https://www.bloomberg.com/news/articles/2021-02-23/chip-shortage-may-cut-ford-gm-earnings-by-a-third-moody-s-says" target="_blank" title="Chip Shortage May Cut Ford, GM Earnings by a Third, Moody’s Says"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>estimated</span></a>.<o:p></o:p></span></h3><p style='mso-margin-top-alt:22.5pt;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>The chip shortage will materially erode margins and could lower expected earnings before interest and taxes by as much as $2 billion for GM and $2.5 billion for Ford, the ratings agency said in a note published Tuesday.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=us-looks-for-a-surge-in-vaccine-supply-415-pm-ny><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>U.S. Looks for a Surge in Vaccine Supply <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Johnson & Johnson said it will be ready next month to ship <a href="https://www.bloomberg.com/news/articles/2021-02-23/more-vaccine-doses-they-re-coming-say-u-s-drugmakers" target="_blank" title="U.S. Will Have Enough Vaccine for 130 Million by End of March"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>20 million doses</span></a> of its one-shot vaccine, adding to a coming surge in vaccine availability in the U.S., according to <span style='border:none windowtext 1.0pt;padding:0cm'>Bloomberg analysis</span> of drugmaker promises.<o:p></o:p></span></h3><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>Along with vaccines from Pfizer Inc. and Moderna Inc., which both require two doses, the delivery targets through next month will be enough to fully vaccinate 130 million Americans.<o:p></o:p></span></p><p style='mso-margin-top-alt:22.5pt;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>A U.S. Centers for Disease Control and Prevention committee scheduled a meeting for Sunday and Monday regarding J&J’s application for emergency use of its vaccine candidate. An authorization could swiftly follow the meeting.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=astra-cuts-2q-delivery-to-eu-by-half-245-pm-ny><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Astra Cuts 2Q Delivery to EU by Half <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>A person familiar with the matter confirmed a report by Reuters that AstraZeneca is expected to deliver about half the Covid-19 vaccines it had committed to supply the European Union in the second quarter.<o:p></o:p></span></h3><p style='margin:0cm;margin-bottom:.0001pt;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>According to Reuters, the company told EU officials it would deliver <a href="https://www.bloomberg.com/news/terminal/QOZT3EDWLU78" target="_blank" title="Astra Told EU It Would Deliver Less Than 90m Doses in 2Q: Rtrs"><span style='color:windowtext;border:none windowtext 1.0pt;padding:0cm;text-decoration:none'>fewer than 90 million</span></a> doses, compared with a commitment of 180 million. It also plans to deliver about 40 million doses in the first quarter, down from a previous commitment of 90 million.<o:p></o:p></span></p><p style='mso-margin-top-alt:22.5pt;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>The shortfall wouldn’t impact the EU’s target of vaccinating 70% of the adult population by the end of summer, the person said.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline'><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Dutch Government Moves to Relax Lockdown <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>The Dutch government will take “a little bit more risk” in relaxing a few lockdown measures. Secondary schools will partly reopen, shopping with an appointment will be allowed and barbers and other so-called contact jobs can reopen. The government announced the new measures hours after case numbers showed an increase in the week ending Feb. 23. A much debated nighttime curfew will be extended until March 15.<br><br><o:p></o:p></span></h3><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=ireland-to-stay-in-lockdown-115-pm-ny><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Ireland to Stay in Lockdown <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Ireland’s government will maintain its strict lockdown regime until at least April 5, Prime Minister Micheal Martin said in a national address. Non-essential stores, bars and personal services -- which have been closed for over six weeks -- will remain shuttered, and people will have to stay within 5 kilometers (3.1 miles) from home. In one change, schools will reopen on a phased basis next month. Offering some <span style='border:none windowtext 1.0pt;padding:0cm'>hope</span>, Martin said over 80% of adults will have been given at least a first vaccine dose by the end of June.<br><br><o:p></o:p></span></h3><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit' id=south-africa-has-concerns-about-sputnik-11-am-ny><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>South Africa Has Concerns About Sputnik <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>South Africa has held extensive talks with the manufacturers of Russia’s Sputnik V vaccine and has concerns about its efficacy against a variant of the coronavirus first identified in the country, said Anban Pillay, deputy director-general in the Department of Health.<o:p></o:p></span></h3><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>Health authorities don’t think the vaccine produced by Novavax Inc. is suitable because of its low efficacy against the variant, while talks have been held with India’s Bharat Biotech International Ltd., he said.<o:p></o:p></span></p><h3 style='mso-margin-top-alt:9.25pt;margin-right:0cm;margin-bottom:9.25pt;margin-left:0cm;background:white;vertical-align:baseline'><b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>U.S. May Soon Ease Rules for Vaccinated: Fauci <br></span></b><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:windowtext'>Anthony Fauci suggested Tuesday that the federal government may soon issue guidance easing public health protocols for fully vaccinated individuals.<o:p></o:p></span></h3><p style='mso-margin-top-alt:22.5pt;margin-right:0cm;margin-bottom:22.5pt;margin-left:0cm;background:white;vertical-align:baseline;font-variant:inherit;font-weight:inherit;font-stretch: inherit;line-height:inherit'><span style='font-size:11.0pt;font-family:"Verdana",sans-serif'>“When you say, wait a minute, if I’m fully vaccinated, and my daughter comes in the house and she’s fully vaccinated, do we really” need the same strict rules? Fauci said on CNN. “Common sense tells you that, in fact, you don’t have to be as stringent in your public health measures.”<o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:10.05pt'><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:10.05pt'><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:10.05pt'><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:10.05pt'><p class=MsoNormal style='mso-margin-top-alt:auto;margin-left:36.0pt;line-height:115%;background:white'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-ZW'><o:p> </o:p></span></b></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr><td width=914 colspan=4 style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='line-height:105%'><strong><span lang=EN-US style='font-family:"Verdana",sans-serif'>INVESTORS DIARY 2021</span></strong><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=217 style='width:163.0pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='text-indent:12.6pt;line-height:105%'><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Company</span></b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=201 style='width:150.95pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Event</span></b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=304 style='width:228.2pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Venue</span></b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=191 valign=bottom style='width:143.0pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><b><span lang=EN-US style='font-family:"Verdana",sans-serif'>Date & Time</span></b><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=217 valign=top style='width:163.0pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=201 style='width:150.95pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=304 style='width:228.2pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=191 valign=top style='width:143.0pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt;line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=217 valign=top style='width:163.0pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=201 style='width:150.95pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=304 style='width:228.2pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=191 valign=top style='width:143.0pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt;line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=419 colspan=2 valign=top style='width:313.95pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><b><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Companies under Cautionary<o:p></o:p></span></b></p></td><td width=304 style='width:228.2pt;border:none;border-right:solid white 1.0pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><b><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p></td><td width=191 valign=bottom style='width:143.0pt;border:none;border-right:solid white 1.0pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><b><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=419 colspan=2 valign=top style='width:313.95pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=304 style='width:228.2pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=191 valign=bottom style='width:143.0pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=419 colspan=2 valign=top style='width:313.95pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>ART<o:p></o:p></span></p></td><td width=304 style='width:228.2pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>PPC<o:p></o:p></span></p></td><td width=191 valign=bottom style='width:143.0pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Dairibord<o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=419 colspan=2 valign=top style='width:313.95pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Starafrica<o:p></o:p></span></p></td><td width=304 style='width:228.2pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Fidelity<o:p></o:p></span></p></td><td width=191 valign=bottom style='width:143.0pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Turnall<o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=419 colspan=2 valign=top style='width:313.95pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Medtech<o:p></o:p></span></p></td><td width=304 style='width:228.2pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Zimre<o:p></o:p></span></p></td><td width=191 valign=bottom style='width:143.0pt;border:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span lang=EN-US style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Nampak Zimbabwe<o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#1F497D;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><i><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></i></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#1F497D;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><i><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:white'>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 </span></i><i><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'>parties.<o:p></o:p></span></i></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><i><span lang=EN-GB style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></i></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=top style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'>(c) 2021 <b>Web</b>:<a href="http:// www.bullszimbabwe.com "><span style='color:windowtext;text-decoration:none'> www.bullszimbabwe.com </span></a><b>Email:</b> </span><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'><a href="mailto:info@bulls.co.zw"><span lang=EN-US style='color:windowtext;text-decoration:none'>info@bulls.co.zw</span></a></span><span lang=EN-US style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif'> <b>Tel:</b> +263 4 2927658 <b>Cell:</b> +263 77 344 1674<o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=914 colspan=4 valign=bottom style='width:685.15pt;border-top:none;border-left:solid white 1.0pt;border-bottom:none;border-right:solid white 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span lang=EN-US style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr></table></div><p class=MsoNormal><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></div></body></html>