Ascendas Reit (A-reit) - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
05/04/20	Phillip	A17U	A-Reit	2.97	3.18	Accumulate	7.07	DDM
06/02/20	DBS Vickers	A17U	A-Reit	3.16	3.45	Buy	9.18
06/04/20	Jefferies	A17U	A-Reit	3.16	3.1	Buy	-1.90
06/09/20	OCBC	A17U	A-Reit	3.26	3.52	Buy	7.98
06/23/20	DMG & Partners	A17U	A-Reit	3.13	3	Neutral	-4.15
06/23/20	Jefferies	A17U	A-Reit	3.13	3.5	Add	11.82
06/26/20	Morgan Stanley	A17U	A-Reit	3.11	3.1	Overweight	-0.32
07/01/20	DBS Vickers	A17U	A-Reit	3.17	3.45	Buy	8.83
07/09/20	DMG & Partners	A17U	A-Reit	3.3	3	Neutral	-9.09	DDM
07/13/20	OCBC	A17U	A-Reit	3.26	3.52	Buy	7.98
07/16/20	Kim Eng	A17U	A-Reit	3.34	3.35	Buy	0.30
07/24/20	CIMB	A17U	A-Reit	3.43	3.12	Hold	-9.04
07/24/20	Jefferies	A17U	A-Reit	3.43	3.8	Buy	10.79
07/24/20	DBS Vickers	A17U	A-Reit	3.43	4	Buy	16.62	DCF
07/24/20	Kim Eng	A17U	A-Reit	3.43	3.7	Buy	7.87	DDM
07/24/20	OCBC	A17U	A-Reit	3.43	3.92	Buy	14.29
07/24/20	UOB Kay Hian	A17U	A-Reit	3.43	3.65	Buy	6.41
07/24/20	Jefferies	A17U	A-Reit	3.43	3.8	Buy	10.79
07/27/20	Phillip	A17U	A-Reit	3.48	3.63	Accumulate	4.31	DDM
08/07/20	DBS Vickers	A17U	A-Reit	3.48	4	Buy	14.94
08/28/20	Macquarie	A17U	A-Reit	3.3	4	Outperform	21.21
08/31/20	Kim Eng	A17U	A-Reit	3.31	4	Buy	20.85
09/02/20	DBS Vickers	A17U	A-Reit	3.34	4	Buy	19.76	DCF
09/14/20	Phillip	A17U	A-Reit	3.27	3.63	Accumulate	11.01
10/07/20	DBS Vickers	A17U	A-Reit	3.24	4	Buy	23.46
10/16/20	OCBC	A17U	A-Reit	3.25	3.92	Buy	20.62
10/19/20	Phillip	A17U	A-Reit	3.23	3.63	Accumulate	12.38
10/27/20	CIMB	A17U	A-Reit	3.03	3.2	Add	5.61	DDM
10/27/20	Jefferies	A17U	A-Reit	3.03	3.8	Buy	25.41
10/27/20	Kim Eng	A17U	A-Reit	3.03	4	Buy	32.01
10/27/20	Lim & Tan	A17U	A-Reit	3.03	0	Accumulate	-100.00
10/27/20	UOB Kay Hian	A17U	A-Reit	3.03	3.65	Buy	20.46
11/02/20	Phillip	A17U	A-Reit	2.88	3.61	Buy	25.35	DDM
11/03/20	DBS Vickers	A17U	A-Reit	2.94	4	Buy	36.05
11/11/20	Macquarie	A17U	A-Reit	3.19	4	Outperform	25.39
11/11/20	OCBC	A17U	A-Reit	3.19	3.92	Buy	22.88
11/11/20	Kim Eng	A17U	A-Reit	3.19	4	Buy	25.39	DDM
11/11/20	CIMB	A17U	A-Reit	3.19	3.2	Add	0.31	DDM
11/11/20	UOB Kay Hian	A17U	A-Reit	3.19	3.68	Buy	15.36
12/09/20	Kim Eng	A17U	A-Reit	2.93	4	Buy	36.52
12/14/20	Lim & Tan	A17U	A-Reit	2.93	0	Accumulate	-100.00
01/05/21	Kim Eng	A17U	A-Reit	2.98	4	Buy	34.23
01/18/21	Phillip	A17U	A-Reit	3.04	3.61	Buy	18.75
01/19/21	UOB Kay Hian	A17U	A-Reit	3.04	3.68	Buy	21.05
02/03/21	UOB Kay Hian	A17U	A-Reit	3.1	3.68	Buy	18.71
02/03/21	DBS Vickers	A17U	A-Reit	3.1	4	Buy	29.03	DCF
02/03/21	Kim Eng	A17U	A-Reit	3.1	4	Buy	29.03	DDM
02/03/21	DMG & Partners	A17U	A-Reit	3.1	3.15	Neutral	1.61	Up from $3
02/03/21	CIMB	A17U	A-Reit	3.1	3.25	Add	4.84	DDM
02/03/21	Lim & Tan	A17U	A-Reit	3.1	0	Accumulate	-100.00
02/08/21	Phillip	A17U	A-Reit	3.11	3.73	Buy	19.94	DDM

Stock calls for 9 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/09/21	OCBC	ART	1.02	1.24	Buy
03/09/21	DBS Vickers	Ascendas India Trust	1.49	1.85	Buy	DDM
03/09/21	OCBC	CDL Hospitality	1.2	1.4	Buy
03/09/21	Kim Eng	Comfortdelgro	1.64	1.88	Buy
03/09/21	OCBC	Far East Hospitality	0.575	0.66	Buy
03/09/21	CIMB	Frasers Logistics	1.37	1.57	Add
03/09/21	UOB Kay Hian	Frencken	1.2	1.72	Buy
03/09/21	Lim & Tan	Frencken	1.2	0	Accumulate on weakness
03/09/21	CIMB	Jardine Matheson	62	54.68	Hold	PB0.85x
03/09/21	DBS Vickers	Tuan Sing	0.315	0.46	Buy	Sum of parts
03/09/21	Lim & Tan	Venture	19.05	0	Accumulate on weakness

The US is facing rising rates pressure in 2021. - Part 3

http://sg-stock.blogspot.com/2021/02/the-us-is-facing-rising-rates-pressure_26.html

The US treasury yield continues on its upward trend just as we've expected.

The 10-year note price declines as expected because it has an inverse relationship to its yield.

The USD index also continues on its upward trend just as we've expected.

We've also taken cognizant of the surge in shorting the treasuries that continues to push up the yields.

Yoma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/17/20	DBS Vickers	Yoma	0.325	0.5	Buy
05/15/20	DBS Vickers	Yoma	0.197	0.5	Buy
06/22/20	Phillip	Yoma	0.245	0.46	Buy	Sum of parts (20% discount)
06/25/20	DBS Vickers	Yoma	0.3	0.5	Buy	PER12x FY20
08/21/20	Phillip	Yoma	0.29	0.46	Buy	Sum of parts (20% discount)
10/05/20	Phillip	Yoma	0.275	0.46	Buy
12/02/20	Phillip	Yoma	0.275	0.46	Buy	Sum of parts (20% discount)
01/05/21	Phillip	Yoma	0.285	0.46	Buy
02/05/21	Phillip	Yoma	0.2	0.34	Buy	Sum of parts (20% discount)

Yanlord - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/02/20	DBS Vickers	Yanlord	1.16	1.1	Hold	PER4.5x FY20
03/02/20	OCBC	Yanlord	1.16	1.45	Buy
06/29/20	Amfrasers	Yanlord	1.16	1.3	Outperform	Sum of parts
07/07/20	DBS Vickers	Yanlord	1.31	1.11	Hold
07/17/20	Amfrasers	Yanlord	1.34	1.45	Outperform	RNAV
08/18/20	OCBC	Yanlord	1.3	1.41	Buy
08/24/20	Amfrasers	Yanlord	1.25	1.52	Outperform
03/04/21	OCBC	Yanlord	1.16	1.24	Hold