Stock calls for 21 April 2021

Date	Analyst	Company	Last	Target	Call	Valuation
04/21/21	DBS Vickers	ARA Logistics	0.735	0.8	Buy
04/21/21	Lim & Tan	DBS	29.02	0	Accumulate
04/21/21	DMG & Partners	DBS	29.02	33	Buy
04/21/21	DBS Vickers	ESR-Reit	0.4	0.45	Buy
04/21/21	DBS Vickers	Frasers Logistics	1.47	1.85	Buy
04/21/21	CIMB	Keppel DC Reit	2.69	2.86	Hold	DDM
04/21/21	DBS Vickers	Mapletree Logistics	1.98	2.2	Buy
04/21/21	Kim Eng	Thai Beverage	0.715	0.95	Buy
04/21/21	UOB Kay Hian	Yangzijiang	1.36	1.76	Buy	PB

US inflation could hit 3-4% in 2022.

https://www.cnbc.com/2021/04/21/inflation-could-hit-3-4percent-in-the-middle-of-2022-strategist-david-roche.html

If the US inflation hit 3-4% in 2022 as projected, then the US treasurys' yields could easily double from the current level.

What's gonna happen when the US treasurys' yields double in 2022?

Well, the US stock valuations would be heavily discounted and the USD would appreciate a lot by 2022.

The Achilles' heels in Biden's policies. - Part 2

https://www.businesstimes.com.sg/government-economy/uae-overtakes-china-in-us17b-us-treasuries-buying-spree

This is happening just as we've expected because the EU, Russia and China are reducing their dependence on the USD.  We've stated this earlier in our previous post below.

http://sg-stock.blogspot.com/2021/01/the-achilles-heels-in-bidens-policies.html

India is exporting covid now!

https://sg.news.yahoo.com/scores-test-positive-covid-19-043342383.html

Hong Kong has banned Indian flights again because there are simply too many covid infections onboard.

This raises the quality of Indian's covid tests and also reveals that India is in dire straits despite being a vaccine producer.

The virus strain in India is the new variant that is more infectious.  Therefore, Singapore must watch out for Indian travellers.

Mapletree Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/27/20	UOB Kay Hian	Mapletree Commercial	1.95	2.38	Buy
05/27/20	JP Morgan	Mapletree Commercial	1.95	2	Neutral
05/29/20	DBS Vickers	Mapletree Commercial	1.66	2.25	Buy
06/03/20	DBS Vickers	Mapletree Commercial	2.07	2.25	Buy	DCF
06/08/20	Macquarie	Mapletree Commercial	2.12	2.05	Neutral
06/08/20	JP Morgan	Mapletree Commercial	2.12	2.15	Neutral
07/09/20	DBS Vickers	Mapletree Commercial	1.99	2.25	Buy
07/16/20	Kim Eng	Mapletree Commercial	1.94	2.15	Buy	DDM
07/27/20	UOB Kay Hian	Mapletree Commercial	1.88	2.35	Buy
08/31/20	DBS Vickers	Mapletree Commercial	1.93	2.25	Buy	DCF
09/03/20	Jefferies	Mapletree Commercial	1.99	2.25	Buy
09/08/20	UOB Kay Hian	Mapletree Commercial	1.99	2.35	Buy
09/29/20	DBS Vickers	Mapletree Commercial	2	2.25	Buy
10/07/20	DBS Vickers	Mapletree Commercial	1.98	2.25	Buy	DCF
10/23/20	Lim & Tan	Mapletree Commercial	1.91	0	Accumulate
10/26/20	UOB Kay Hian	Mapletree Commercial	1.9	2.35	Buy	DDM
10/26/20	Kim Eng	Mapletree Commercial	1.9	2.15	Buy	DDM
12/10/20	DBS Vickers	Mapletree Commercial	2.08	2.25	Buy
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

Manulife US Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/11/20	DMG & Partners	Manulife US Reit	0.705	0.9	Buy	DDM
05/11/20	CIMB	Manulife US Reit	0.705	1.05	Add
06/23/20	DMG & Partners	Manulife US Reit	0.76	0.9	Buy
07/20/20	Phillip	Manulife US Reit	0.705	0.8	Buy	DDM
07/21/20	UOB Kay Hian	Manulife US Reit	0.7	0.85	Buy	DDM
08/04/20	Kim Eng	Manulife US Reit	0.775	1.15	Buy	DDM
08/04/20	DMG & Partners	Manulife US Reit	0.775	0.9	Buy	DDM
08/04/20	UOB Kay Hian	Manulife US Reit	0.775	0.85	Buy
08/04/20	Lim & Tan	Manulife US Reit	0.775	0	Buy at weakness
08/04/20	CIMB	Manulife US Reit	0.775	1.05	Add	DDM
08/06/20	Phillip	Manulife US Reit	0.795	0.9	Buy	DDM
08/20/20	Amfrasers	Manulife US Reit	0.725	0.86	Neutral	DDM
08/24/20	OCBC	Manulife US Reit	0.745	0.84	Buy
09/14/20	Phillip	Manulife US Reit	0.755	0.9	Buy
09/29/20	UOB Kay Hian	Manulife US Reit	0.77	0.85	Buy	DDM
10/05/20	Phillip	Manulife US Reit	0.745	0.9	Buy
10/16/20	OCBC	Manulife US Reit	0.75	0.84	Buy
11/06/20	CIMB	Manulife US Reit	0.74	1.05	Add	DDM
11/06/20	DBS Vickers	Manulife US Reit	0.74	1	Buy
11/09/20	Phillip	Manulife US Reit	0.73	0.92	Buy	DDM
11/09/20	DMG & Partners	Manulife US Reit	0.73	0.9	Buy
11/30/20	OCBC	Manulife US Reit	0.745	0.84	Buy
01/05/21	Phillip	Manulife US Reit	0.745	0.92	Buy
02/09/21	DBS Vickers	Manulife US Reit	0.71	0.9	Buy	DCF
02/09/21	Kim Eng	Manulife US Reit	0.71	1.1	Buy	DDM
02/09/21	DMG & Partners	Manulife US Reit	0.71	0.87	Buy
02/09/21	CIMB	Manulife US Reit	0.71	1	Add
02/09/21	OCBC	Manulife US Reit	0.71	0.83	Buy
02/10/21	Phillip	Manulife US Reit	0.715	0.84	Buy	DDM
04/01/21	UOB Kay Hian	Manulife US Reit	0.73	0.87	Buy	DDM
04/09/21	OCBC	Manulife US Reit	0.735	0.82	Buy
04/13/21	Phillip	Manulife US Reit	0.74	0.84	Buy