Frasers Property - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/14/20	DBS Vickers	Frasers Property	1.19	1.7	Buy	RNAV (50% discount)
05/14/20	CIMB	Frasers Property	1.19	1.7	Add	RNAV (45% discount)
07/30/20	DBS Vickers	Frasers Property	1.18	1.7	Buy
08/06/20	DBS Vickers	Frasers Property	1.17	1.7	Buy	RNAV (50% discount)
08/12/20	CIMB	Frasers Property	1.19	1.7	Add
09/07/20	CIMB	Frasers Property	1.17	1.7	Add
11/11/20	Lim & Tan	Frasers Property	1.14	0	Accumulate
11/12/20	CIMB	Frasers Property	1.15	1.7	Add
02/09/21	CIMB	Frasers Property	1.21	1.7	Add
02/15/21	CIMB	Frasers Property	1.25	1.41	Add	RNAV (45% discount)

Frasers Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/04/20	CIMB	Frasers Logistics	1.06	1.3	Add
06/02/20	DBS Vickers	Frasers Logistics	1.15	1.4	Buy
07/03/20	DBS Vickers	Frasers Logistics	1.21	1.4	Buy
07/14/20	CIMB	Frasers Logistics	1.23	1.43	Add	DDM
08/05/20	DBS Vickers	Frasers Logistics	1.37	1.6	Buy	DCF
08/05/20	CIMB	Frasers Logistics	1.37	1.43	Add
08/05/20	Lim & Tan	Frasers Logistics	1.37	0	Hold
08/19/20	Macquarie	Frasers Logistics	1.39	1.6	outperform
08/24/20	OCBC	Frasers Logistics	1.38	1.59	Buy
09/02/20	DBS Vickers	Frasers Logistics	1.36	1.6	Buy	DCF
09/28/20	DBS Vickers	Frasers Logistics	1.42	1.85	Buy	DCF
10/16/20	OCBC	Frasers Logistics	1.4	1.59	Buy
11/09/20	CIMB	Frasers Logistics	1.33	1.5	Add	DDM
11/09/20	DBS Vickers	Frasers Logistics	1.33	1.85	Buy	DCF
11/17/20	OCBC	Frasers Logistics	1.28	1.59	Buy
02/05/21	CIMB	Frasers Logistics	1.22	1.57	Add	DDM
02/11/21	OCBC	Frasers Logistics	1.41	1.62	Buy
02/23/21	DBS Vickers	Frasers Logistics	1.41	1.85	Buy
03/09/21	CIMB	Frasers Logistics	1.37	1.57	Add
03/17/21	OCBC	Frasers Logistics	1.4	1.62	Buy

Stock calls for 31 March 2021

Date	Analyst	Company	Last	Target	Call	Valuation
03/31/21	DMG & Partners	DBS	29	33	Buy
03/31/21	CIMB	Keppel Corp	5.34	6.4	Add	Sum of parts
03/31/21	UOB Kay Hian	Mapletree Industrial	2.76	3.5	Buy	DDM
03/31/21	CIMB	Sembcorp Marine	0.18	0.141	Hold	PB0.5x CY21
03/31/21	CIMB	SPH	1.5	2.09	Add	Sum of parts
03/31/21	UOB Kay Hian	SPH	1.5	1.85	Buy	Sum of parts
03/31/21	Lim & Tan	SPH	1.5	0	Accumulate
03/31/21	Lim & Tan	SPH Reit	0.88	0	Accumulate
03/31/21	Kim Eng	SPH Reit	0.88	0.8	Hold	DDM

3 main reasons for covid resurgent in the US.

https://finance.yahoo.com/news/coronavirus-why-cases-rising-again-193814611.html

1. Virus mutation

2. Safety measures rolled back

3. Travel

Reinfection could cause more severe symptoms!

Therefore, we must not be lured into thinking that we can travel safely after vaccination because vaccination doesn't protect us from infection or reinfection.  Governments are trying to open their economies with bubble travelling but things will go south when this bubble bursts.

Biden has proclaimed that he has done more than 100m inoculations but covid cases are rising again in the US.  When covid cases are rising alongside vaccination rates, we know that something is wrong somewhere.

Scientists: Current vaccines could be ineffective in less than 1 year.

https://www.cnbc.com/2021/03/30/mutations-could-make-current-covid-vaccines-ineffective-soon-survey.html

Mutations could render the current vaccines ineffective in less than 1 year as reckoned by worldwide scientists.

Good luck to all of us!

Frasers Hospitality Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/12/20	DBS Vickers	Frasers Hospitality Trust	0.475	0.65	Buy	PB0.9x
07/17/20	UOB Kay Hian	Frasers Hospitality Trust	0.47	0.58	Buy	DDM
08/11/20	Kim Eng	Frasers Hospitality Trust	0.43	0.45	Hold
08/26/20	UOB Kay Hian	Frasers Hospitality Trust	0.44	0.54	Buy
11/03/20	UOB Kay Hian	Frasers Hospitality Trust	0.4	0.55	Buy	DDM
11/26/20	DBS Vickers	Frasers Hospitality Trust	0.475	0.7	Buy	DCF