Singapore numbers are rising, heads up given weeks ago, and still continue to rise... once the histogram crosses above zero, it is highly likely to be the next wave.
Having said that, you can see China’s chart is just about starting up (ahead for Singapore), and after Chinese New Year, would likely be a spike or Wave 2 in motion, IMHO, it has already started for China.
Indonesia is accelerating again in their initial wave...
Malaysia is deep into Wave 2 and has not peaked out yet.
Risks are there, and honestly does not appear that a vaccine would quell the pandemic. Perhaps mitigate the spread and moderate its acceleration somewhat. So be prepared. We are getting data heads up weeks, maybe months in advance.