Mapletree Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/02/23	Lim & Tan	Mapletree Logistics	1.74	1.8	Neutral
05/03/23	DBS Vickers	Mapletree Logistics	1.75	1.88	Buy	DCF
05/03/23	CIMB	Mapletree Logistics	1.75	1.88	Add	DDM
05/04/23	Kim Eng	Mapletree Logistics	1.73	1.8	Buy	DDM
06/01/23	UOB Kay Hian	Mapletree Logistics	1.67	1.99	Buy	DDM
07/03/23	UOB Kay Hian	Mapletree Logistics	1.62	1.99	Buy	DDM
07/26/23	DBS Vickers	Mapletree Logistics	1.71	1.88	Buy
07/26/23	CIMB	Mapletree Logistics	1.71	1.88	Add	DDM
07/26/23	Lim & Tan	Mapletree Logistics	1.71	1.8	Neutral
07/26/23	Kim Eng	Mapletree Logistics	1.71	1.8	Buy
07/26/23	OCBC	Mapletree Logistics	1.71	1.85	Buy
08/23/23	UOB Kay Hian	Mapletree Logistics	1.63	1.86	Buy
08/23/23	Citi Research	Mapletree Logistics	1.63	1.85	Buy	DDM & RNAV
08/23/23	UBS	Mapletree Logistics	1.63	1.89	Buy
09/04/23	DBS Vickers	Mapletree Logistics	1.68	1.88	Buy	DCF
10/05/23	UOB Kay Hian	Mapletree Logistics	1.6	1.75	Buy
10/25/23	DBS Vickers	Mapletree Logistics	1.49	1.88	Buy	DCF
10/25/23	OCBC	Mapletree Logistics	1.49	1.72	Buy
10/26/23	Kim Eng	Mapletree Logistics	1.47	1.6	Buy	DDM
10/30/23	UOB Kay Hian	Mapletree Logistics	1.47	1.72	Buy	DDM
11/14/23	DBS Vickers	Mapletree Logistics	1.54	1.88	Buy	DCF
12/01/23	UOB Kay Hian	Mapletree Logistics	1.61	1.72	Buy
12/13/23	DBS Vickers	Mapletree Logistics	1.62	1.88	Buy
12/14/23	Lim & Tan	Mapletree Logistics	1.63	1.77	Hold
01/02/24	UOB Kay Hian	Mapletree Logistics	1.74	1.72	Buy
01/03/24	UOB Kay Hian	Mapletree Logistics	1.71	1.94	Buy
01/03/24	UBS	Mapletree Logistics	1.71	1.78	Neutral
01/25/24	DBS Vickers	Mapletree Logistics	1.63	1.88	Buy
01/25/24	CIMB	Mapletree Logistics	1.63	1.88	Add	DDM
01/25/24	Lim & Tan	Mapletree Logistics	1.63	1.78	Hold
01/29/24	UOB Kay Hian	Mapletree Logistics	1.56	1.98	Buy
01/29/24	Kim Eng	Mapletree Logistics	1.56	1.7	Hold	DDM
01/29/24	Citi Research	Mapletree Logistics	1.56	1.85	Buy	DDM & RNAV
03/01/24	DBS Vickers	Mapletree Logistics	1.48	1.88	Buy
03/13/24	UOB Kay Hian	Mapletree Logistics	1.46	1.98	Buy	DDM
03/15/24	UOB Kay Hian	Mapletree Logistics	1.47	1.87	Buy	DDM
04/30/24	DBS Vickers	Mapletree Logistics	1.34	1.75	Buy	DCF
04/30/24	Lim & Tan	Mapletree Logistics	1.34	1.66	Accumulate
05/02/24	UOB Kay Hian	Mapletree Logistics	1.35	1.89	Buy	DDM
05/06/24	DBS Vickers	Mapletree Logistics	1.35	1.75	Buy	DCF
05/06/24	UBS	Mapletree Logistics	1.35	1.56	Buy

Stock calls for 31 May 2024

Date	Analyst	Company	Last	Target	Call	Valuation
05/31/24	Lim & Tan	KSH	0.24	0	Accumulate on weakness
05/31/24	DBS Vickers	Mapletree Commercial	1.22	1.75	Buy	DCF
05/31/24	Lim & Tan	Mapletree Commercial	1.22	1.54	Avoid
05/31/24	DBS Vickers	Mapletree Industrial	2.19	2.6	Buy
05/31/24	Amfrasers	OUE Commercial	0.27	0.31	outperform	DDM
05/31/24	HSBC	Singtel	2.46	3	Buy

US economy is hit with a double whammy (low GDP growth and high inflation)! - Part 2

US Q1 2024 GDP: 1.3% (revised down from 1.6%)

Let's break the GDP down to see what had happened.

https://sg-stock.blogspot.com/2024/04/us-economy-is-hit-with-double-whammy.html

GDP growth = G + I + C + NE (net export)

Q1 GDP (previous estimate) = 0.21 + 0.56 + 1.68 + (-0.86) = 1.59 (1.6)

Q1 GDP (current estimate) = 0.23 + 0.57 + 1.34 + (-0.89) = 1.25 (1.3)

We could see from the GDP sub-components that consumption and net export had larger declines that wiped out the smaller increases in government spending and investment which resulted in the overall decline in the GDP estimate.

Moreover, the US inflation (Core PCE Q1 2024) had a significant increase (+3.6%) from the previous quarter (Q4 2023) and this is a far cry from its targeted 2%.  If this inflation is sustained for 2024, the US Fed won't reduce its fed rate in 2024 despite having a weak GDP growth.  This phenomenon (weak GDP and high inflation) is known as stagflation and is very difficult to resolve.