Finance degree assignment:

The FDA in the U.S. has just announced that it is in the final stage of approving a vaccine for final stage trials before starting production of a vaccine for Covid-19. Given this positive news, the expected U-shape recovery in global economies, is now projected to assume a V-shape recovery. The IMF now projects a 5.5 percent growth rate worldwide for 2021 and 3.6 percent for 2022.

(a) Analyze how such positive news will impact Singapore's Retail REIT sector such as Mapletree Commercial Trust (N2IU.SI).

(b) determining the intrinsic value using a dividend discount model. (c) carrying out a relative valuation using at least two (2) SIMILAR companies listed on the SGX.