ARA Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/21	UOB Kay Hian	ARA Logistics	0.595	0.85	Buy	DDM
01/14/21	DMG & Partners	ARA Logistics	0.67	0.74	Buy
01/27/21	Kim Eng	ARA Logistics	0.675	0.8	Buy	DDM
01/28/21	UOB Kay Hian	ARA Logistics	0.71	0.89	Buy
01/28/21	CIMB	ARA Logistics	0.71	0.749	Add	DDM
01/28/21	DBS Vickers	ARA Logistics	0.71	0.8	Buy
02/23/21	DBS Vickers	ARA Logistics	0.715	0.8	Buy
03/04/21	UOB Kay Hian	ARA Logistics	0.715	0.89	Buy
03/12/21	DMG & Partners	ARA Logistics	0.715	0.78	Buy
04/21/21	DBS Vickers	ARA Logistics	0.735	0.8	Buy
04/26/21	CIMB	ARA Logistics	0.75	0.814	Add	DDM
04/28/21	UOB Kay Hian	ARA Logistics	0.765	0.89	Buy	DDM
05/27/21	DMG & Partners	ARA Logistics	0.77	0.85	Buy
06/10/21	DBS Vickers	ARA Logistics	0.815	0.85	Buy
06/29/21	UOB Kay Hian	ARA Logistics	0.84	0.89	Buy
07/23/21	DBS Vickers	ARA Logistics	0.88	1	Buy	DCF
07/23/21	UOB Kay Hian	ARA Logistics	0.88	1.02	Buy	DDM
07/23/21	DMG & Partners	ARA Logistics	0.88	0.95	Buy
07/23/21	CIMB	ARA Logistics	0.88	0.961	Add	DDM
07/29/21	Kim Eng	ARA Logistics	0.9	0.95	Buy	DDM
09/20/21	UOB Kay Hian	ARA Logistics	0.935	1.02	Buy
10/08/21	UOB Kay Hian	ARA Logistics	0.905	1.07	Buy	DDM
10/18/21	UOB Kay Hian	ARA Logistics	0.89	1.07	Accept Offer	DDM
10/18/21	Lim & Tan	ARA Logistics	0.89	0	Accept Offer
10/18/21	DMG & Partners	ARA Logistics	0.89	0.95	Take Profit
10/27/21	CIMB	ARA Logistics	0.885	0.978	Add	DDM
01/24/22	Lim & Tan	ARA Logistics	0.895	0.933	Accept Offer
01/27/22	CIMB	ARA Logistics	0.87	0.987	Add	DDM

ARA Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/21	DBS Vickers	ARA Hospitality	0.485	0.69	Buy	DCF
03/23/21	DBS Vickers	ARA Hospitality	0.555	0.69	Buy
07/09/21	DBS Vickers	ARA Hospitality	0.555	0.79	Buy	DCF
08/20/21	DBS Vickers	ARA Hospitality	0.495	0.75	Buy	DCF

Stock calls for 23 February 2022

Date	Analyst	Company	Last	Target	Call	Valuation
02/23/22	DBS Vickers	Aztech	0.915	1.48	Buy
02/23/22	Kim Eng	Aztech	0.915	1.14	Buy
02/23/22	DBS Vickers	CDL Hospitality	1.21	1.4	Buy
02/23/22	DBS Vickers	Delfi	0.75	1.07	Buy
02/23/22	OCBC	Mapletree Commercial	1.85	2.04	Buy
02/23/22	DBS Vickers	OCBC	13.16	14	Buy
02/23/22	Lim & Tan	OCBC	13.16	0	Accumulate on weakness
02/23/22	DBS Vickers	Q&M	0.57	0.8	Buy
02/23/22	DMG & Partners	Raffles Medical	1.23	1.55	Buy	PER40x FY22
02/23/22	OCBC	Raffles Medical	1.23	1.65	Buy
02/23/22	phillip	Raffles Medical	1.23	1.27	Neutral	DCF
02/23/22	UOB Kay Hian	Wilmar	4.62	6	Buy	Sum of parts
02/23/22	DBS Vickers	Wilmar	4.62	6.67	Buy
02/23/22	CIMB	Wilmar	4.62	5.69	Add	Sum of parts, PER15x FY22
02/23/22	Citi Research	Wilmar	4.62	6.08	Buy

US consumer sentiment fell to a 5-month low.

The falls in consumer sentiment and expectations mean that consumers are not confident of their future and will rein in their consumer spending.  Therefore, the US GDP growth will decline as projected.

APTV - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/21	Phillip	APTV	0.118	0.15	Buy
03/08/21	Phillip	APTV	0.107	0.15	Buy	EV/Ebitda9x FY21
08/16/21	Phillip	APTV	0.131	0.15	Buy	EV/Ebitda9x FY21
11/16/21	Phillip	APTV	0.138	0.15	Accumulate	EV/Ebitda9x FY21