APAC Realty - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/23	CIMB	APAC Realty	0.595	0.77	Add	DCF & PER
01/18/23	DMG & Partners	APAC Realty	0.595	0.6	Neutral
01/18/23	DBS Vickers	APAC Realty	0.595	0.59	Hold
03/09/23	DBS Vickers	APAC Realty	0.625	0.63	Hold	PER8.5x FY23
03/09/23	CIMB	APAC Realty	0.625	0.77	Add
04/06/23	DMG & Partners	APAC Realty	0.655	0.6	Neutral
05/15/23	DBS Vickers	APAC Realty	0.625	0.57	Hold	PER9.5x FY23/24
08/15/23	DBS Vickers	APAC Realty	0.585	0.57	Hold
08/16/23	DBS Vickers	APAC Realty	0.57	0.54	Hold	PER11x FY24
08/16/23	CIMB	APAC Realty	0.57	0.7	Add	DCF
08/17/23	DMG & Partners	APAC Realty	0.585	0.54	Neutral
10/10/23	CIMB	APAC Realty	0.52	0.57	Add
11/09/23	DBS Vickers	APAC Realty	0.495	0.53	Hold	PER11x FY24

Stock calls for 20 November 2023

Date	Analyst	Company	Last	Target	Call	Valuation
11/20/23	DMG & Partners	A-Reit	2.8	3.2	Buy	DDM
11/20/23	DMG & Partners	Bumitama	0.62	0.7	Buy
11/20/23	UOB Kay Hian	CDL Hospitality	1.01	1.41	Buy	DDM
11/20/23	Lim & Tan	Civmec	0.775	1.25	Accumulate
11/20/23	DMG & Partners	ESR-Reit	0.3	0.38	Buy
11/20/23	UOB Kay Hian	Far East Hospitality	0.64	0.76	Buy
11/20/23	DMG & Partners	First Resources	1.41	1.45	Neutral
11/20/23	DMG & Partners	Golden Agri	0.265	0.3	Buy
11/20/23	UOB Kay Hian	Keppel Reit	0.85	1.06	Buy	DDM
11/20/23	DMG & Partners	Keppel Reit	0.85	1.08	Buy
11/20/23	UOB Kay Hian	Lendlease Reit	0.575	0.8	Buy
11/20/23	DBS Vickers	Mapletree Industrial	2.27	2.6	Buy
11/20/23	UOB Kay Hian	Mapletree Industrial	2.27	2.69	Buy
11/20/23	DBS Vickers	Sabana	0.395	0.3	Fully Valued	DCF
11/20/23	Phillip	Silverlake	0.28	0.38	Buy	PER20x FY24
11/20/23	Kim Eng	Singtel	2.33	3.1	Buy
11/20/23	DMG & Partners	Singtel	2.33	3.2	Buy
11/20/23	DBS Vickers	Thai Beverage	0.525	0.75	Buy	Sum of parts
11/20/23	phillip	Vertex Tech	4.95	0	Fully Redeemed

US consumers have a bleak outlook. Let's take a look.

The US consumers are projecting a higher inflation (12-year high) in the future and the consumer sentiment index is at a 6-month low.

With the credit card delinquency rate rising, the US consumers are likely to cut back on their spendings in view of the bleak outlook.