Singapore Stock Exchange - Equity Investments

Tuesday, January 31, 2023

Mapletree Industrial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/22	CIMB	Mapletree Industrial	2.59	3.16	Add
01/26/22	DBS Vickers	Mapletree Industrial	2.59	3.35	Buy
01/27/22	Lim & Tan	Mapletree Industrial	2.61	3.16	Accumulate
01/27/22	OCBC	Mapletree Industrial	2.61	3.3	Buy
01/27/22	UOB Kay Hian	Mapletree Industrial	2.61	3.72	Buy	DDM
01/28/22	Kim Eng	Mapletree Industrial	2.53	3.35	Buy	DDM
03/03/22	OCBC	Mapletree Industrial	2.58	3.3	Buy
03/17/22	UOB Kay Hian	Mapletree Industrial	2.58	3.72	Buy
04/05/22	UOB Kay Hian	Mapletree Industrial	2.71	3.72	Buy
04/27/22	Citi Research	Mapletree Industrial	2.63	3.15	Buy
04/27/22	DBS Vickers	Mapletree Industrial	2.63	3.05	Buy	DCF
04/28/22	CIMB	Mapletree Industrial	2.63	3.08	Add	DDM
05/09/22	UOB Kay Hian	Mapletree Industrial	2.52	3.65	Buy	DDM
05/09/22	OCBC	Mapletree Industrial	2.52	3.05	Buy
06/03/22	DBS Vickers	Mapletree Industrial	2.48	3.05	Buy
06/28/22	Lim & Tan	Mapletree Industrial	2.65	3	Accumulate
07/08/22	UOB Kay Hian	Mapletree Industrial	2.64	3.36	Buy
07/26/22	DBS Vickers	Mapletree Industrial	2.65	3.05	Buy
07/26/22	OCBC	Mapletree Industrial	2.65	2.91	Buy
07/27/22	Kim Eng	Mapletree Industrial	2.68	3	Buy
07/27/22	Citi Research	Mapletree Industrial	2.68	3.15	Buy
07/27/22	CIMB	Mapletree Industrial	2.68	2.97	Add
09/02/22	UOB Kay Hian	Mapletree Industrial	2.54	3.36	Buy
09/27/22	UOB Kay Hian	Mapletree Industrial	2.42	3.12	Buy
10/03/22	UOB Kay Hian	Mapletree Industrial	2.38	3.12	Buy	DDM
10/07/22	Kim Eng	Mapletree Industrial	2.41	3	Buy	DDM
10/18/22	Citi Research	Mapletree Industrial	2.28	2.22	Hold	PB1.2x FY23
10/27/22	DBS Vickers	Mapletree Industrial	2.26	2.7	Buy
10/28/22	OCBC	Mapletree Industrial	2.25	2.64	Buy
11/28/22	CLSA	Mapletree Industrial	2.23	2.2	Underperform	Cut from $3.10
01/05/23	UOB Kay Hian	Mapletree Industrial	2.28	3.12	Buy
01/09/23	UOB Kay Hian	Mapletree Industrial	2.25	3.3	Buy	DDM
01/27/23	OCBC	Mapletree Industrial	2.39	2.64	Buy
01/27/23	Lim & Tan	Mapletree Industrial	2.39	2.55	Accumulate

Stock calls for 30 January 2023

Date	Analyst	Company	Last	Target	Call	Valuation
01/30/23	UOB Kay Hian	Frasers Centrepoint Trust	2.24	2.52	Buy	DDM
01/30/23	CIMB	Frasers Centrepoint Trust	2.24	2.59	Add	DDM
01/30/23	DMG & Partners	Frasers Centrepoint Trust	2.24	2.1	Neutral	DDM
01/30/23	Citi Research	Frasers Centrepoint Trust	2.24	2.13	Hold
01/30/23	OCBC	Frasers Centrepoint Trust	2.24	2.28	Hold
01/30/23	CIMB	Keppel Reit	0.97	1.14	Add	DDM
01/30/23	DMG & Partners	Keppel Reit	0.97	1.1	Buy	DDM
01/30/23	Lim & Tan	Keppel Reit	0.97	1.04	Accumulate
01/30/23	OCBC	Mapletree Logistics	1.74	1.71	Buy
01/30/23	Citi Research	Mapletree Logistics	1.74	1.59	Hold
01/30/23	UOB Kay Hian	Parkway Life	4	4.43	Hold	DDM
01/30/23	OCBC	Sheng Siong	1.65	1.86	Buy

Sunday, January 29, 2023

Why the US is unlikely to reduce its rates in 2023?

The PCE price index is declining because of the high base effect from the previous year. As the PCE price index is still at an elevated high level (double) compared to 2020 and 2021, the US is unlikely to reduce its rates in 2023.