Mapletree Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/02/21	DBS Vickers	Mapletree Commercial	2.09	2.25	Buy	DDM
07/26/21	Kim Eng	Mapletree Commercial	2.14	2.35	Buy	DDM
07/26/21	Lim & Tan	Mapletree Commercial	2.14	0	Hold
07/28/21	UOB Kay Hian	Mapletree Commercial	2.11	2.48	Buy
10/28/21	Lim & Tan	Mapletree Commercial	2.17	2.25	Hold
10/29/21	DBS Vickers	Mapletree Commercial	2.17	2.45	Buy	DCF
11/01/21	UOB Kay Hian	Mapletree Commercial	2.18	2.48	Buy	DDM
11/03/21	Kim Eng	Mapletree Commercial	2.19	2.35	Buy
01/03/22	Kim Eng	Mapletree Commercial	2	2.35	Buy	DDM
01/03/22	Lim & Tan	Mapletree Commercial	2	0	Accept Offer
01/03/22	UOB Kay Hian	Mapletree Commercial	2	2.48	Buy	DDM
01/06/22	CIMB	Mapletree Commercial	1.84	2.32	Hold
01/06/22	OCBC	Mapletree Commercial	1.84	2.14	Buy
01/12/22	Amfrasers	Mapletree Commercial	1.82	2.24	Buy
01/27/22	Kim Eng	Mapletree Commercial	1.84	2.24	Buy	DDM
02/18/22	UOB Kay Hian	Mapletree Commercial	1.83	2.48	Buy	DDM
02/23/22	OCBC	Mapletree Commercial	1.85	2.04	Buy
03/17/22	UOB Kay Hian	Mapletree Commercial	1.84	2.48	Buy	DDM
03/22/22	CIMB	Mapletree Commercial	1.9	2.18	Add	DDM
03/23/22	OCBC	Mapletree Commercial	1.87	2.04	Buy
04/05/22	UOB Kay Hian	Mapletree Commercial	1.9	2.48	Buy
04/21/22	Lim & Tan	Mapletree Commercial	1.87	0	Accept Offer
04/22/22	Kim Eng	Mapletree Commercial	1.9	2.35	Buy	DDM
04/25/22	UOB Kay Hian	Mapletree Commercial	1.92	2.52	Buy	DDM
07/07/22	Lim & Tan	Mapletree Commercial	1.81	1.98	Hold
07/07/22	UOB Kay Hian	Mapletree Commercial	1.81	2.36	Buy
07/19/22	UOB Kay Hian	Mapletree Commercial	1.79	2.24	Buy	DDM

Stock calls for 19 July 2022

Date	Analyst	Company	Last	Target	Call	Valuation
07/19/22	CIMB	Aztech	0.795	1.16	Add
07/19/22	DMG & Partners	Comfortdelgro	1.42	1.77	Buy	DCF
07/19/22	Lim & Tan	Keppel Corp	6.49	7.7	Accumulate
07/19/22	UOB Kay Hian	Mapletree Commercial	1.79	2.24	Buy	DDM
07/19/22	DBS Vickers	Sembcorp Industries	2.93	3.7	Buy	PB1.6x FY22
07/19/22	Lim & Tan	Sembcorp Industries	2.93	3.42	Buy
07/19/22	DBS Vickers	Singtel	2.66	3.24	Buy	Sum of parts
07/19/22	OCBC	UOL	7.29	8.56	Buy	RNAV

Reviews of US inflation (CPI and PPI) and retail sales. - Part 2

Latest update:

The latest firms survey shows that inflation (CPI) is the single most important problem because consumers will cut back on their spending.

1 business factor that affects inflation is wage growth and it is rising rapidly because of the jobs mismatch in the labour market.

Another bad news is the financial situation has been deteriorating.  This will definitely affect future investments and expenditures.

Moreover, IMF will be downgrading the global economic growth soon.

As stated recently, we believed that the Fed would be cutting a 75bp in July 2022.  Goldman Sachs has just supported our stance on this.

http://sg-stock.blogspot.com/2022/07/reviews-of-us-inflation-cpi-and-ppi-and.html

Singapore Nodx increased 9% (yoy) in June 2022.

https://www.businesstimes.com.sg/government-economy/singapore-exports-up-by-9-in-june

Year on year changes (YOY):

June 2022: 9%

May 2022: 12.4%

April 2022: 6.4%

March 2022: 7.7%

February 2022: 9.5%

January 2022: 17.6%

December 2021: 18.4%

November 2021: 24.2%

October 2021: 17.9%

September 2021: 12.3%

August 2021: 2.7%

July 2021: 12.7%

June 2021: 15.9%

May 2021: 8.8%

April 2021: 6%

March 2021: 12.1%

February 2021: 4.2%

January 2021: 12.8%

December 2020: 6.8%

November 2020: -4.9%

October 2020: -3.1%

September 2020: 5.9%

August 2020: 7.7%

July 2020: 6%

June 2020: 16.1% (Revised to 13.9%)

May 2020: -4.6%

April 2020: 9.7%

March 2020: 17.6%

February 2020: 3% (Revised to 3.1%)

January 2020: - 3.3%

December 2019: 2.4%

November 2019: - 5.9%

October 2019: - 12.3%

September 2019: -8.1%

August 2019: - 8.9%

July 2019: -11.2%

June 2019: -17.3%

May 2019: -15.9%

April 2019: -10%

March 2019: -11.7%

February 2019: 4.9%

January 2019: -10.1%

December 2018: -8.5%

November 2018: -2.6%

October 2018: 8.3%

September 2018: 8.3%

August 2018: 5%

July 2018: 11.8% (Corrected)

June 2018: 1.1%

May 2018: 15.5%

April 2018: 11.8%

March 2018: -2.7%

February 2018: -5.9%

January 2018: 13%

December 2017: 3.1%

November 2017: 9.1%

October 2017: 20.9%

September 2017: -1.1%

August 2017: 16.7%

July 2017: 8.5%

June 2017: 8.2%

May 2017: -1.2%

Apr 2017: -0.7%

Mar 2017: 16.5%

Feb 2017: 21.1%