University project:

Question 1: 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. Choose a bank or REIT listed on the Singapore Stock Exchange (SGX) to carry out your investment analysis, apply your analysis to the most likely impact of such a scenario for the sector that your chosen company belongs to.

Question 2: Following your answer in Question 1, appraise the impact of the expected economic recovery (a) On the fundamentals of the chosen company; (b) By determining the intrinsic value using a dividend discount model. (c) By carrying out a relative valuation using at least two (2) companies listed on the SGX.