Mapletree Industrial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/24	UOB Kay Hian	Mapletree Industrial	2.51	2.69	Buy	DDM
01/03/24	UOB Kay Hian	Mapletree Industrial	2.5	2.98	Buy	DDM
01/26/24	DBS Vickers	Mapletree Industrial	2.44	2.6	Buy
01/30/24	Citi Research	Mapletree Industrial	2.36	2.6	Buy
01/30/24	Kim Eng	Mapletree Industrial	2.36	2.3	Hold
02/19/24	UOB Kay Hian	Mapletree Industrial	2.39	2.98	Buy
02/19/24	OCBC	Mapletree Industrial	2.39	2.69	Buy
03/04/24	UOB Kay Hian	Mapletree Industrial	2.26	2.98	Buy	DDM
04/08/24	UOB Kay Hian	Mapletree Industrial	2.32	2.98	Buy
04/26/24	DBS Vickers	Mapletree Industrial	2.27	2.6	Buy
04/26/24	Lim & Tan	Mapletree Industrial	2.27	2.59	Accumulate on weakness
04/29/24	UOB Kay Hian	Mapletree Industrial	2.27	3.02	Buy	DDM
04/29/24	CIMB	Mapletree Industrial	2.27	2.61	Add	DDM
05/31/24	DBS Vickers	Mapletree Industrial	2.19	2.6	Buy
06/14/24	UOB Kay Hian	Mapletree Industrial	2.18	2.93	Buy	DDM
07/02/24	UOB Kay Hian	Mapletree Industrial	2.11	2.78	Buy	DDM
07/15/24	DBS Vickers	Mapletree Industrial	2.25	2.6	Buy
07/29/24	Kim Eng	Mapletree Industrial	2.27	2.15	Hold
07/29/24	OCBC	Mapletree Industrial	2.27	2.71	Buy
07/29/24	DBS Vickers	Mapletree Industrial	2.27	2.6	Buy
09/26/24	UOB Kay Hian	Mapletree Industrial	2.44	3.03	Buy	DDM
10/01/24	DBS Vickers	Mapletree Industrial	2.43	2.6	Buy	DCF
10/03/24	UOB Kay Hian	Mapletree Industrial	2.5	3.05	Buy	DDM
10/04/24	Kim Eng	Mapletree Industrial	2.53	2.6	Buy
10/30/24	DBS Vickers	Mapletree Industrial	2.39	2.75	Buy	DCF
11/01/24	UOB Kay Hian	Mapletree Industrial	2.4	3.05	Buy	DDM
11/04/24	CIMB	Mapletree Industrial	2.4	2.82	Add	DDM
11/04/24	MorningStar	Mapletree Industrial	2.4	2.3	Hold
11/11/24	DBS Vickers	Mapletree Industrial	2.27	2.75	Buy	DCF
01/02/25	UOB Kay Hian	Mapletree Industrial	2.21	3.05	Buy	DDM
01/23/25	Lim & Tan	Mapletree Industrial	2.21	2.62	Accumulate
01/24/25	CIMB	Mapletree Industrial	2.21	2.82	Add	DDM
01/27/25	UOB Kay Hian	Mapletree Industrial	2.21	2.89	Buy	DDM
02/12/25	UOB Kay Hian	Mapletree Industrial	2.06	2.7	Buy	DDM
03/06/25	UOB Kay Hian	Mapletree Industrial	2.01	2.7	Buy	DDM
03/17/25	DBS Vickers	Mapletree Industrial	2.08	2.6	Buy	DCF
04/01/25	UOB Kay Hian	Mapletree Industrial	2.1	2.7	Buy	DDM

Stock calls for 1 April 2025

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/25	UOB Kay Hian	A-Reit	2.67	3.51	Buy	DDM
04/01/25	UOB Kay Hian	ART	0.87	1.38	Buy	DDM
04/01/25	Uob Kay Hian	Capitaland Integrated Commercial Trust	2.1	2.37	Buy	DDM
04/01/25	Kim Eng	Centurion	1.25	1.45	Buy
04/01/25	phillip	CNMC	0.345	0.49	Buy	DCF, PER10.3x FY25
04/01/25	Jefferies	DBS	46.47	52	Buy
04/01/25	UOB Kay Hian	Digicore Reit	0.53	0.88	Buy	DDM
04/01/25	UOB Kay Hian	Frasers Logistics	0.915	1.26	Buy	DDM
04/01/25	Phillip	Geo Energy	0.33	0.47	Buy	DCF
04/01/25	UOB Kay Hian	Keppel Reit	0.86	1.06	Buy	DDM
04/01/25	UOB Kay Hian	Lendlease Reit	0.51	0.72	Buy	DDM
04/01/25	UOB Kay Hian	Mapletree Commercial	1.25	1.6	Buy	DDM
04/01/25	UOB Kay Hian	Mapletree Industrial	2.1	2.7	Buy	DDM
04/01/25	UOB Kay Hian	Mapletree Logistics	1.31	1.35	Hold	DDM
04/01/25	Lim & Tan	OKP	0.565	0.93	Buy
04/01/25	UOB Kay Hian	Parkway Life	4.15	4.85	Buy	DDM
04/01/25	DMG & Partners	Starhill	0.5	0.57	Buy	DDM
04/01/25	UOB Kay Hian	Suntec Reit	1.18	1.18	Hold	DDM
04/01/25	Lim & Tan	Yangzijiang Financial	0.795	0.66	Hold

It is looking increasingly likely that the US will be facing a STAGFLATION. Why?

 Let's delve into the latest economic statistics to understand our outlook.

The core PCE (mom) has been trending up since last Nov 2024 as shown by the above chart.

The 5-year inflation expectation has revised up to 4.1% which is way above the Fed's targeted 2% inflation rate.

The GDP projection has declined again to -2.8%.

The US is facing a stagflation consternation with falling GDP growth and rising inflation.

Baltic dry index - 1602

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 592

Related stock: Seatrium & Cosco.