Mapletree Industrial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/21	UOB Kay Hian	Mapletree Industrial	2.87	3.45	Buy	DDM
02/01/21	Lim & Tan	Mapletree Industrial	2.87	0	Accumulate
02/01/21	CIMB	Mapletree Industrial	2.87	3.03	Hold	DDM
02/02/21	OCBC	Mapletree Industrial	2.85	3.51	Buy
02/02/21	Kim Eng	Mapletree Industrial	2.85	3.25	Buy
02/23/21	DBS Vickers	Mapletree Industrial	2.75	3.25	Buy
03/17/21	OCBC	Mapletree Industrial	2.68	3.51	Buy
03/31/21	UOB Kay Hian	Mapletree Industrial	2.76	3.5	Buy	DDM
05/03/21	CIMB	Mapletree Industrial	2.83	3.05	Add	DDM
05/03/21	UOB Kay Hian	Mapletree Industrial	2.83	3.55	Buy
05/04/21	DBS Vickers	Mapletree Industrial	2.81	3.25	Buy
05/21/21	Kim Eng	Mapletree Industrial	2.76	3.25	Buy	DDM
05/21/21	Lim & Tan	Mapletree Industrial	2.76	0	Accumulate on weakness
05/21/21	UOB Kay Hian	Mapletree Industrial	2.76	3.62	Buy
06/02/21	UOB Kay Hian	Mapletree Industrial	2.78	3.62	Buy	DDM
06/23/21	OCBC	Mapletree Industrial	2.78	3.41	Buy
07/16/21	UOB Kay Hian	Mapletree Industrial	2.87	3.62	Buy	DDM
07/28/21	DBS Vickers	Mapletree Industrial	2.88	3.35	Buy	DCF
07/29/21	CIMB	Mapletree Industrial	2.94	3.16	Add	DDM
07/29/21	Kim Eng	Mapletree Industrial	2.94	3.35	Buy	DDM
07/30/21	UOB Kay Hian	Mapletree Industrial	2.98	3.63	Buy	DDM
08/02/21	OCBC	Mapletree Industrial	3	3.41	Buy
09/20/21	UOB Kay Hian	Mapletree Industrial	2.92	3.63	Buy
10/27/21	DBS Vickers	Mapletree Industrial	2.73	3.35	Buy
10/27/21	Lim & Tan	Mapletree Industrial	2.73	3.14	Accumulate
10/28/21	UOB Kay Hian	Mapletree Industrial	2.74	3.72	Buy	DDM
10/28/21	Kim Eng	Mapletree Industrial	2.74	3.35	Buy	DDM

Stock calls for 7 January 2022

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/22	CIMB	ART	1.03	1.22	Add
01/07/22	CIMB	CDL Hospitality	1.18	1.32	Add
01/07/22	phillip	City Developments	6.88	9.19	Buy
01/07/22	phillip	Comfortdelgro	1.39	1.8	Buy
01/07/22	phillip	DBS	33.82	35.9	Accumulate
01/07/22	CIMB	Far East Hospitality	0.595	0.745	Add
01/07/22	CIMB	Hyphens Pharma	0.295	0.36	Add	DCF, PER13.5x FY22
01/07/22	Phillip	Keppel Corp	5.11	7.07	Buy
01/07/22	Citi Research	Netlink	0.995	0.9	Sell
01/07/22	phillip	Q&M	0.615	0.82	Buy
01/07/22	DBS Vickers	Yanlord	1.14	1.25	Hold	PER4.4x

Covid is not a flu and it will cause permanent damages to your body.

There is growing evidence to suggest that covid causes multiple damages to your organs.

The latest research also showed that covid may affect infants' brain development and can trigger kidney scarring in adults.

https://www.shorenewsnetwork.com/2022/01/06/pandemic-may-affect-infants/

The recent omicron infections and reinfections are showing that herd immunity is impossible because this variant can evade immunity.

https://www.channelnewsasia.com/commentary/faroe-islands-omicron-variant-covid-19-vaccination-pfizer-astrazeneca-2418236

Therefore, living with the covid policy will only give the virus the time and host to adapt, mutate and spread further and longer.

US ISM PMI declined in December 2021 as projected.

 

The prices subindex had decreased to 68.2 (-14.2) which was a significant drop because of easing in the supply disruptions and this was reflected by the drop in the supplier’s deliveries at 64.9 (-7.3) as a lower number indicated faster deliveries.

The producers reduced their inventories (54.7, -2.1) stockpile because they saw reductions in new order (60.4, -1.1), new export order (53.6, -0.4) and new local order (Est’d -0.7).  Consequently, the producers increased their imports (53.8, +1.2) because of easing problems in supply issues such as freight costs and shipments.

The producers increased their employment (54.2, +0.9) to maintain a slightly lower production (59.2, -2.3) to increase their low customers’ inventories (31.7, +6.6).  Therefore, the backlog of order increased to 62.8 (+0.9) as the producers couldn’t fulfill all the new orders due to their low customers’ inventories.

All the above factors caused the PMI to decrease to 58.7 (-2.4) in December 2021 and this decline was being projected in our earlier PMI analysis.

http://sg-stock.blogspot.com/2021/12/ism-pmi-november-indicated-that-us.html

In conclusion, the December PMI indicated that the US economic growth was already over the peak and would experience a continual diminishing marginal GDP growth in the future because of the reduction in the US household saving rate.

Mapletree Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/21	Credit Suisse	Mapletree Commercial	2.19	2.26	Neutral	Up from $2.20
01/28/21	UOB Kay Hian	Mapletree Commercial	2.1	2.35	Buy	DDM
02/01/21	CIMB	Mapletree Commercial	2.07	2.26	Hold	Up from $1.88
02/01/21	OCBC	Mapletree Commercial	2.07	2.18	Hold
03/08/21	JP Morgan	Mapletree Commercial	2	2.25	Overweight
04/28/21	DBS Vickers	Mapletree Commercial	2.13	2.25	Buy	DCF
04/28/21	Lim & Tan	Mapletree Commercial	2.13	0	Neutral
04/29/21	UOB Kay Hian	Mapletree Commercial	2.18	2.5	Buy	DDM
05/03/21	CIMB	Mapletree Commercial	2.19	2.32	Hold
05/03/21	OCBC	Mapletree Commercial	2.19	2.2	Hold
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	UOB Kay Hian	Mapletree Commercial	2	2.48	Buy
01/03/22	Kim Eng	Mapletree Commercial	2	2.35	Buy	DDM
01/03/22	Lim & Tan	Mapletree Commercial	2	0	Accept Offer
01/06/22	CIMB	Mapletree Commercial	1.84	2.32	Hold
01/06/22	OCBC	Mapletree Commercial	1.84	2.14	Buy