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

Frasers Centrepoint Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/11/20	Amfrasers	Frasers Centrepoint Trust	2.08	2.39	outperform
05/11/20	OCBC	Frasers Centrepoint Trust	2.08	2.22	Hold
05/11/20	Citi Research	Frasers Centrepoint Trust	2.08	2.23	Hold
05/27/20	UOB Kay Hian	Frasers Centrepoint Trust	2.25	2.85	Buy
05/27/20	JP Morgan	Frasers Centrepoint Trust	2.25	2.5	Overweight
06/01/20	DBS Vickers	Frasers Centrepoint Trust	2.43	2.65	Buy	PB1.2x
06/08/20	UOB Kay Hian	Frasers Centrepoint Trust	2.58	2.85	Buy
06/23/20	DMG & Partners	Frasers Centrepoint Trust	2.39	2.07	Neutral
06/23/20	JP Morgan	Frasers Centrepoint Trust	2.39	2.7	Overweight
07/01/20	CIMB	Frasers Centrepoint Trust	2.31	2.49	Add	DDM
07/02/20	DBS Vickers	Frasers Centrepoint Trust	2.32	2.95	Buy	Sum of parts, PB1.45x
07/02/20	UOB Kay Hian	Frasers Centrepoint Trust	2.32	2.85	Buy
07/03/20	DBS Vickers	Frasers Centrepoint Trust	2.34	2.95	Buy	PB1.45x FY21
07/03/20	Citi Research	Frasers Centrepoint Trust	2.34	2.29	Hold
07/27/20	Phillip	Frasers Centrepoint Trust	2.39	2.69	Accumulate	DDM
07/27/20	UOB Kay Hian	Frasers Centrepoint Trust	2.39	2.9	Buy	DDM
07/27/20	DMG & Partners	Frasers Centrepoint Trust	2.39	2.16	Neutral	DDM
07/27/20	CIMB	Frasers Centrepoint Trust	2.39	2.78	Add
07/27/20	Kim Eng	Frasers Centrepoint Trust	2.39	2.45	Hold
08/04/20	OCBC	Frasers Centrepoint Trust	2.36	2.44	Hold
08/07/20	DBS Vickers	Frasers Centrepoint Trust	2.39	2.95	Buy	PB1.45x FY21
08/21/20	CIMB	Frasers Centrepoint Trust	2.37	2.78	Add	DDM
09/02/20	DBS Vickers	Frasers Centrepoint Trust	2.55	2.95	Buy	PB1.45x FY21
09/02/20	UOB Kay Hian	Frasers Centrepoint Trust	2.55	2.9	Buy
09/04/20	CIMB	Frasers Centrepoint Trust	2.54	2.83	Add	DDM
09/04/20	Lim & Tan	Frasers Centrepoint Trust	2.54	0	Hold
09/07/20	Phillip	Frasers Centrepoint Trust	2.64	2.79	Accumulate	DDM
09/07/20	UOB Kay Hian	Frasers Centrepoint Trust	2.64	3.1	Buy	DDM
09/07/20	Kim Eng	Frasers Centrepoint Trust	2.64	2.54	Hold
09/07/20	JP Morgan	Frasers Centrepoint Trust	2.64	2.9	Overweight
09/14/20	Phillip	Frasers Centrepoint Trust	2.67	2.61	Accumulate
09/14/20	Kim Eng	Frasers Centrepoint Trust	2.67	2.78	Buy
09/30/20	CIMB	Frasers Centrepoint Trust	2.37	2.83	Add	DDM
09/30/20	JP Morgan	Frasers Centrepoint Trust	2.37	2.85	Overweight
10/05/20	Phillip	Frasers Centrepoint Trust	2.41	2.79	Accumulate
11/03/20	DBS Vickers	Frasers Centrepoint Trust	2.08	2.94	Buy
11/03/20	Lim & Tan	Frasers Centrepoint Trust	2.08	0	Hold
11/04/20	UOB Kay Hian	Frasers Centrepoint Trust	2.11	3.15	Buy	DDM
11/04/20	DBS Vickers	Frasers Centrepoint Trust	2.11	3	Buy
11/04/20	CIMB	Frasers Centrepoint Trust	2.11	2.89	Add
11/04/20	Kim Eng	Frasers Centrepoint Trust	2.11	2.9	Buy
11/09/20	Phillip	Frasers Centrepoint Trust	2.26	2.79	Buy	DDM
11/12/20	OCBC	Frasers Centrepoint Trust	2.33	2.75	Buy
12/03/20	Lim & Tan	Frasers Centrepoint Trust	2.32	0	Accumulate
12/09/20	UOB Kay Hian	Frasers Centrepoint Trust	2.42	3.15	Buy
12/18/20	DMG & Partners	Frasers Centrepoint Trust	2.5	2.4	Neutral
01/05/21	Phillip	Frasers Centrepoint Trust	2.48	2.79	Buy
01/11/21	UOB Kay Hian	Frasers Centrepoint Trust	2.57	3.15	Buy	DDM
01/18/21	Credit Suisse	Frasers Centrepoint Trust	2.6	2.97	outperform
01/25/21	Phillip	Frasers Centrepoint Trust	2.59	2.93	Buy	DDM
01/25/21	Kim Eng	Frasers Centrepoint Trust	2.59	2.9	Buy	DDM
01/25/21	UOB Kay Hian	Frasers Centrepoint Trust	2.59	3.18	Buy
01/25/21	OCBC	Frasers Centrepoint Trust	2.59	2.95	Buy
01/26/21	CIMB	Frasers Centrepoint Trust	2.61	3.01	Add
02/02/21	DBS Vickers	Frasers Centrepoint Trust	2.58	3	Buy
02/22/21	Phillip	Frasers Centrepoint Trust	2.52	2.93	Buy
03/04/21	CIMB	Frasers Centrepoint Trust	2.48	3.01	Add
03/08/21	JP Morgan	Frasers Centrepoint Trust	2.48	2.55	Neutral
03/22/21	Lim & Tan	Frasers Centrepoint Trust	2.56	0	Hold
03/22/21	CIMB	Frasers Centrepoint Trust	2.56	3.18	Add