CDL Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/22	UOB Kay Hian	CDL Hospitality	1.2	1.42	Buy	DDM
01/07/22	CIMB	CDL Hospitality	1.18	1.32	Add
02/03/22	OCBC	CDL Hospitality	1.13	1.3	Buy
02/22/22	UOB Kay Hian	CDL Hospitality	1.22	1.45	Buy	DDM
02/23/22	DBS Vickers	CDL Hospitality	1.21	1.4	Buy
03/14/22	DMG & Partners	CDL Hospitality	1.15	1.25	Neutral
05/04/22	Kim Eng	CDL Hospitality	1.34	1.45	Buy	DDM
05/05/22	DBS Vickers	CDL Hospitality	1.35	1.55	Buy	PB1.15x
05/05/22	DMG & Partners	CDL Hospitality	1.35	1.3	Neutral	DDM
05/05/22	CIMB	CDL Hospitality	1.35	1.38	Add
05/05/22	OCBC	CDL Hospitality	1.35	1.45	Buy
05/26/22	UOB Kay Hian	CDL Hospitality	1.27	1.57	Buy	DDM
06/03/22	UOB Kay Hian	CDL Hospitality	1.29	1.48	Buy
06/03/22	Citi Research	CDL Hospitality	1.29	1.15	Sell
07/07/22	UOB Kay Hian	CDL Hospitality	1.25	1.42	Buy
08/01/22	Kim Eng	CDL Hospitality	1.32	1.4	Buy	DDM
08/01/22	DMG & Partners	CDL Hospitality	1.32	1.3	Neutral	DDM
08/01/22	Citi Research	CDL Hospitality	1.32	1.15	Sell
08/02/22	UOB Kay Hian	CDL Hospitality	1.31	1.54	Buy	DDM
08/02/22	DBS Vickers	CDL Hospitality	1.31	1.55	Buy
09/28/22	UOB Kay Hian	CDL Hospitality	1.21	1.41	Buy
10/10/22	UOB Kay Hian	CDL Hospitality	1.15	1.41	Buy
10/31/22	DBS Vickers	CDL Hospitality	1.12	1.35	Buy
10/31/22	CIMB	CDL Hospitality	1.12	1.3	Add	DDM
10/31/22	DMG & Partners	CDL Hospitality	1.12	1.15	Neutral	DDM
10/31/22	Citi Research	CDL Hospitality	1.12	1.15	Sell
11/01/22	UOB Kay Hian	CDL Hospitality	1.16	1.37	Buy	DDM
12/06/22	Kim Eng	CDL Hospitality	1.22	1.4	Buy

CapitaRetail China - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/31/22	Lim & Tan	CapitaRetail China	1.14	0	Accumulate
02/03/22	DBS Vickers	CapitaRetail China	1.18	1.6	Buy
02/04/22	OCBC	CapitaRetail China	1.18	1.5	Buy
04/27/22	DBS Vickers	CapitaRetail China	1.18	1.55	Buy
05/04/22	OCBC	CapitaRetail China	1.17	1.4	Buy
07/27/22	DBS Vickers	CapitaRetail China	1.17	1.55	Buy
08/01/22	OCBC	CapitaRetail China	1.18	1.3	Buy
09/12/22	DBS Vickers	CapitaRetail China	1.09	1.55	Buy
11/01/22	DBS Vickers	CapitaRetail China	0.97	1.45	Buy	DCF
12/15/22	DBS Vickers	CapitaRetail China	1.17	1.45	Buy

Stock calls for 15 December 2022

Date	Analyst	Company	Last	Target	Call	Valuation
12/15/22	DBS Vickers	ART	1.01	1.31	Buy
12/15/22	Kim Eng	Bumitama	0.605	0.89	Buy
12/15/22	DBS Vickers	Capitaland Integrated Commercial Trust	2.05	2.2	Buy
12/15/22	DBS Vickers	CapitaRetail China	1.17	1.45	Buy
12/15/22	UOB Kay Hian	City Developments	8.25	9.87	Buy	RNAV (30% discount)
12/15/22	Kim Eng	Comfortdelgro	1.24	1.6	Buy
12/15/22	DBS Vickers	Frasers Logistics	1.16	1.55	Buy
12/15/22	CIMB	Jumbo	0.295	0.35	Add
12/15/22	DBS Vickers	Lendlease Reit	0.71	1	Buy
12/15/22	DBS Vickers	Mapletree Commercial	1.69	2	Buy
12/15/22	Kim Eng	Raffles Medical	1.39	1.6	Buy
12/15/22	DBS Vickers	SIA	5.58	6.6	Buy
12/15/22	Kim Eng	Singtel	2.59	3.15	Buy
12/15/22	Kim Eng	ST Engineering	3.39	4.3	Buy
12/15/22	Kim Eng	Venture	17.21	20.2	Buy

What will the US FED do for this December meeting?

Let's take a look at the latest CPI first.

The November CPI was 7.1% (yoy). 

The US inflationary sector:

The Fedwatch tool:

Given that the US inflation has only been declining marginally, the US FED will continue its rate hiking stance but it will only hike 50bp in December to contain the inflation.