Ezotop

Saturday, July 8, 2023

Singapore Technology Engineering- defensive play cum dividend income counter not to miss out!

  

At ST Engineering, we apply our technology and innovation to solve real-world problems and improve lives. Our dedication to excellence and our strong track record have earned us a distinctive reputation for quality and trust as a global technology, defence and engineering group. Our diverse portfolio of businesses spans the aerospace, smart city, defence and public security segments.



We succeed because of our ability to deliver what our partners and





customers need. Together, we transform and future-proof cities to make them more mobile, more secure and more liveable for communities. With our expertise and facilities around the world, we keep aircraft flying safely and seagoing vessels operating efficiently.

We help nations protect their citizens by meeting their air, land and sea defence needs and equipping their fighting forces to perform on the battlefield. Our cybersecurity and critical systems help our customers enforce public and homeland security in an increasingly digital world. And our satellite communications equipment contributes to much of the world’s network connectivity.

Our global network of subsidiaries and associated companies spans Asia, Europe, the Middle East and the U.S.

 

In the U.S., our major operations span over 50 cities in 22 states, employing more than 6,000 people who provide innovative products and solutions to commercial and government customers across diverse market segments.

We meet every challenge with an effective and competitive response so that our customers in more than 100 countries are better prepared, better protected, and better connected for a more sustainable future. The power behind all of this is our global workforce, inspired by a common commitment and vision. Ours is a team that knows what it takes and we are committed to challenging, changing and securing the future.

NAV is about 0.77.

Yearly dividend of 0.16.

Yield is about 4.48% based on current price of 3.57.

PE is about 21x.

First quarter Financial results update:




Total Revenue growth 1.3% from 2b to 2.3b.

Quarterly dividend of 4 cent per share.




Chart wise,  bearish mode!

Likely to continue to trend lower!

she is hovering at the support level of 3.57,if cannot hold, we may see her drifting lower to test 3.50 then 3.40 follow-by 3.35.

Not a call to buy or sell!

Please dyodd.


Frasers Cpt Tr(J69U.SI) - RARE Local Retail Reit which is quite resilience during market volatility

 

  

  

Frasers Centrepoint Trust

Frasers Centrepoint Trust (“FCT”) is a leading developer-sponsored retail real estate investment trust (“REIT”) and the largest suburban retail mall owners in Singapore. FCT’s property portfolio comprises nine retail malls and an office building located in the suburban regions of Singapore, near homes and within minutes to transportation amenities. The retail portfolio has approximately 2.9 million square feet of net lettable area with over 1,800 leases with a strong focus on providing necessity spending, food & beverage and essential services.

FCT is among the top-ten largest Singapore REITs (“S-REITs”) by market capitalisation. It is also an index constituent of several benchmark indices including the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index), FTSE ST Real Estate Investment Trust Index, MSCI Singapore Small Cap Index and the SGX iEdge S-REIT Leaders Index.

Frasers Centrepoint Trust's portfolio comprises high quality suburban retail malls and an office building, all located in Singapore. The retail malls include Causeway Point, Century Square, Changi City Point, Hougang Mall, NEX (effective 25.50%-interest), Northpoint City North Wing (including Yishun 10 Retail Podium), Tampines 1, Tiong Bahru Plaza, Waterway Point (50.00%-interest) and White Sands. The office building is Central Plaza, which is connected to the retail mall Tiong Bahru Plaza.





FCT's properties are located next to or near the MRT stations and bus interchanges and in populous residential areas. The retail malls enjoy high shopper traffic comprising residents and the commuters. FCT strives to offer pleasant and comfortable shopping experiences for all its shoppers that will encourage them to keep coming to its malls. FCT strives to be a fair and value-adding landlord through competitive lease rates, upkeep and enhancement of its retail and office properties, and be the preferred choice of tenants and stakeholders.

Occupancy rate of 99.2% is considered very good as it means that their rental spaces are fully occupied and generating rental revenue that would likely provide a stable dpu distribution rate. 



Gearing of 39.6% is slightly high but is still below 40% and a distance from the Max limitation of 50%.

NAV is about 2.32. Yearly Dividend of  about 12.2 cents.  Yield is about 5.7% which is quite good!




Chart wise, bearish mode!

Likely to continue to trend lower!

Immediate support is at 2.11.

Short term wise,  if it can rise up to reclaim 2.21 then 2.25 it might be an indication  to reverse this downtrend! 

One of the rare local retail reit to be included into one stocks portfolio!

Please dyodd.

This morning tried the dumpling soups from one of the retail mall.





Taste good! Creamy soup. Plus nice ham and cheese pan cake. The dumpling is stuffed with lots of meats and ingredients. Is quite filling! I think no need noodles!



Bought some muffins and egg tarts from Butter & Cream, soft and not so sweet muffins plus egg tarts taste nice. Nom Nom. Recommended! 



Friday, July 7, 2023

CapLand Investment- 9CI

  Chart wise,  bearish mode!

Likely to continue to trend lower!



Short term wise,  I think she may go down to test 3.20.

Breaking down of 3.20 plus high volume she may continue to slide further down to 3.00 then 2.94.

Yearly dividend is 12 cents. Yield is about 3.72% at 3.22.

Please dyodd.




  





"CapitaLand Investment remains steadfast in being a trusted partner as we strengthen our position as a leading global real estate investment manager which delivers high quality returns."






After a successful demerger from the development business of CapitaLand Limited (“CapitaLand” or the “Parent Group”), CapitaLand Investment (CLI) was listed on SGX-ST on 20 September 2021. This transformative transaction created one of Asia’s leading listed real estate investment managers (REIM) and one of the largest REIMs in the world. Since day one, we have focused on putting our proven track record of investment management and fee income growth to work — unlocking more long-term value for our shareholders. 

CLI’s investment management leadership in Asia began about two decades ago, when we listed Singapore’s first real estate investment trust (REIT), CapitaLand Mall Trust. Today, our six listed funds across Singapore and Malaysia hold a Funds under Management (FUM) of approximately S$60 billion. 

And that’s only part of the real estate portfolio that we’ve built — over S$29 billion FUM are also managed through a comprehensive and expanding private funds platform comprising more than 30 private vehicles.

​Including assets held directly by CLI as well as assets managed through our global lodging platform, CLI oversees S$133 billion in Real Estate Assets Under Management (RE AUM).

In addition to Singapore, CLI’s core markets include China and India. But our boots on the ground extend far beyond that, to markets across Asia Pacific, Europe, and the USA. Our real estate and management expertise has helped us amass a diversified portfolio of recognisable brands, operating platforms, and asset classes which include retail, office, lodging, business parks, industrial, logistics and data centres.





CapitaLand Investment's (CLI) listed funds business comprises five REITs and business trusts listed on the Singapore Exchange and one on Bursa Malaysia, with a total market capitalisation of S$32.2 billion1. Our listed funds portfolio is focused on driving sustainable distributions and increasing value for our unitholders.


Over time, we have built a strong track record as a Sponsor, making sure our listed funds are always efficiently structured and well-positioned for continued growth.

CapitaLand Investment managed the listed reit companies like Ascendas REIT,  CapLand China Trust,  CapLand Ibdia Trust,  CapitaLand Integrated Commercial Trust and Ascott trust. 

  • CapitaLand Investment (CLI) owns and manages over 1,000 quality properties across the globe, providing a wide range of integrated real estate solutions for work, live and play. The current assets pipeline on CLI's balance sheet provides a diversified stable of high-quality assets with visible monetisation potential.   

    With a full stack of investment and operating capabilities, we present a unique value proposition for our partners, investors, tenants and customers.





The Great Singapore Sales- MIT(ME8U)

  

Mapletree Industrial Trust ("MIT") is a real estate investment trust listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. 



As at 31 March 2023, MIT's total assets under management was S$8.8 billion, which comprised 85 properties in Singapore and 56 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd). MIT's property portfolio includes Data Centres, Hi-Tech Buildings, Business Park Buildings, Flatted Factories, Stack-up/Ramp-up Buildings and Light Industrial Buildings.

MIT is managed by Mapletree Industrial Trust Management Ltd. and sponsored by Mapletree Investments Pte Ltd.



NAV is about 1.8653.

Yearly dividend of about 13.4 cents.

Yield is about 6% at 2.21.



Occupancy rate is 94.9%.

Gearing 37.4%.

The recent Private placement of 204.8m for the acquisition of data centre in Japan,Osaka. Looks like dpu is accretive! 

Looks like gd price is back!

Not a call to buy or sell!


Please dyodd.


The price has fallen below the recent Private placement price of  2.21, looks like a good pivot point!

Yield is about 6.11% based on current price of 2.18.

Immediate support is at 2.17.

Please dyodd.



Thursday, July 6, 2023

Riverstone

 Indeed, it has managed to recaptured 0.625 and trading at 0.635 looks rather bullish!




If it can breakout 0.64 smoothly we may likely see her rising up to test 0.665 then 0.70.

Please dyodd.

 TA wise,  she is rising up to recapture 0.625! 



A nice breakout smoothly would likely see her rising up to test 0.65.

Pls dyodd.


Riverstone Resources is established in year 1989, and still growing in our industry. With a history spanning close to 30 years, Riverstone has accumulated a huge network of stakeholders and expertise in our making. Being one of the leading manufacturers of cleanroom and medical industry, we manufacture top of the line healthcare gloves, nitrile gloves, finger cots, face masks, packaging bags etc. We are where we are today for the full supports from most valued customers and dedications from our staffs. Riverstone today is synonymous with premium quality and protection.

We are driven by innovation. Our passion to deliver premium quality healthcare solutions is recognized by many companies. Our products are widely qualified, and used in the Hard Disk Drive (HDD), semiconductor and healthcare industries in Malaysia. On top of the achievements, Riverstone exports more than 85% of our products to key high technology countries around Asia, Europe and the American region.

Riverstone has been growing extensively, for the amazing recognition for our products around the world. To cope with growing demands, we have increased our capacity by setting up a new manufacturing plant in Thailand in year 2001, and another one in Wu Xi China in year 2004. Later in year 2010, we built a new plant in Taiping, equipped with only state of the art manufacturing facility to keep our promises for premium quality.

The Riverstone website comprehensively provides up to date information, and our products. Browse through our website to better understand us, as we hope to bring only the best for all healthcare professionals.

First quarter results is not bad! Slight improvement as compared to last quarter (4/2022). 



Chart Wise, she is rising up to test 61.5 cents. 


A nice breakout smoothly would likely rise up to test 64-66.5 cents.

Final dividend is MYR 0.10 . Interim also MYR 0.10.

Yearly dividend is about 5.9 cents.

Pls dyodd. 

 TA wise,  she is rising up to recapture 0.625! 



A nice breakout smoothly would likely see her rising up to test 0.65.

Pls dyodd.


Riverstone Resources is established in year 1989, and still growing in our industry. With a history spanning close to 30 years, Riverstone has accumulated a huge network of stakeholders and expertise in our making. Being one of the leading manufacturers of cleanroom and medical industry, we manufacture top of the line healthcare gloves, nitrile gloves, finger cots, face masks, packaging bags etc. We are where we are today for the full supports from most valued customers and dedications from our staffs. Riverstone today is synonymous with premium quality and protection.

We are driven by innovation. Our passion to deliver premium quality healthcare solutions is recognized by many companies. Our products are widely qualified, and used in the Hard Disk Drive (HDD), semiconductor and healthcare industries in Malaysia. On top of the achievements, Riverstone exports more than 85% of our products to key high technology countries around Asia, Europe and the American region.

Riverstone has been growing extensively, for the amazing recognition for our products around the world. To cope with growing demands, we have increased our capacity by setting up a new manufacturing plant in Thailand in year 2001, and another one in Wu Xi China in year 2004. Later in year 2010, we built a new plant in Taiping, equipped with only state of the art manufacturing facility to keep our promises for premium quality.

The Riverstone website comprehensively provides up to date information, and our products. Browse through our website to better understand us, as we hope to bring only the best for all healthcare professionals.

First quarter results is not bad! Slight improvement as compared to last quarter (4/2022). 



Chart Wise, she is rising up to test 61.5 cents. 


A nice breakout smoothly would likely rise up to test 64-66.5 cents.

Pls dyodd. 

United Overseas Bank

 Chart wise,  bearish mode!



She has continued to trade lower and closed at 27.51, looks rather weak! 

Short term wise,  I think likely to test the pivot low of 27.32.

Breaking down of 27.32 plus high volume we may see her drifting down to test 27 then 26.50 with extension to 26.00.

First half results will be out on 27th July!

Please dyodd.

She is still stucked in a consolidation mode price patterns looks like mkt is giving us chance to monitor her direction!



Today she is down 14 cents to close at 27.82 , yield is about 4.82% seems quite interesting! 

NAV 24.46. 

Please dyodd.

Chart wise,  bearish mode!

She is stucked in a consolidation mode!



Short term wise,  if she is able to reclaim 28.60 and filled up the Gap at 28.88 that would likely reverse this downtrend!

Yearly dividend of 1.35. Yield is about 4.8+%.

Pls dyodd.



UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America.

In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and offices throughout the region.

The recent acquisition on 11 May 2023:

UOB’s acquisition of Citigroup’s consumer banking businesses in four key ASEAN markets has significantly boosted its retail banking business, and paved the way for its enlarged base of customers in the region to enjoy even more perks and privileges suited to their unique lifestyles and needs via partnerships with renowned domestic and global brands.

 

The completion of UOB’s acquisition of Citigroup’s consumer banking businesses in Malaysia, Thailand and Vietnam has already brought its regional retail customer count to over seven million as of 31 March 2023, with the latest completion of the Vietnam acquisition enabling the Bank to serve about 200,000 customers in the country. With the completion of the acquisition in Indonesia by end 2023, these four markets are expected to provide a S$1 billion boost to the Bank’s revenue on a full-year basis. The acquisition has also built stronger resilience in the business model with both geographical and revenue mix diversification. With Citigroup’s portfolio more geared towards cards business and unsecured lending, net credit card fees for the Bank almost doubled year-on-year in the first quarter of 2023, with Citigroup’s portfolio contributing a quarter of this, and total income from the Bank’s unsecured business is expected to almost double by end 2023. Separately, loans and deposits also grew almost 10 per cent and 15 per cent in the first quarter of 2023 compared with a year before.

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For the first quarter of 2023, ASEAN-4 (i.e. Malaysia, Thailand, Indonesia and Vietnam) accounted for more than 35 per cent of the Bank’s Group Personal Financial Services income. UOB’s network of branches in Malaysia, Thailand and Vietnam has also expanded by 15 as of March 2023.

UOB 

UOB Group reported a record high core net profit of S$4.8 billion, up 18%, for the financial year ended 31 December 2022 (FY22). Including one-off expenses relating to the acquisition of Citigroup’s Malaysia and Thailand consumer businesses, net profit was also a record high at S$4.6 billion.

 

With strong earnings and capital position, the Board recommends the payment of a final dividend of 75 cents per ordinary share. Together with the interim dividend of 60 cents per ordinary share, the total dividend for FY22 will be S$1.35 per ordinary share, representing a payout ratio of approximately 49%.

 

The acquisition of Citigroup’s consumer businesses in Malaysia and Thailand was completed in November 2022 and completion for Indonesia and Vietnam is planned for 2023. The strategic acquisition has fortified the Group’s ASEAN strategy and significantly scaled up the retail franchise with increased product offerings and cross-sell opportunities. The Group’s retail customer base has expanded to nearly 7 million in the region while the expected incremental revenue lift from the acquisition is gaining good traction.

 

In FY22, the Group’s core operating profit rose 20% to S$6.6 billion, mainly driven by robust margin expansion across customer segments and geographies amid rising interest rates. Net interest income jumped 31% to S$8.3 billion on the back of 3% loan growth and a 30 basis point net interest margin improvement. Net fee income remained soft as weak market sentiment weighed on wealth management and loan-related activities. However, a strong double-digit growth in credit card fees partially offset the decline. Asset quality remained benign with non-performing loan (NPL) ratio at 1.6%.

 

Group Wholesale Banking income rose 23% to S$6.2 billion, with cross-border income up 12%. Transaction banking business expanded, accounting for 35% of the Group’s Wholesale Banking income. Improvement in deposit funding, coupled with rising interest rates fuelled margin growth, which more than compensated for the softer loans growth.

 

Group Retail income increased 16% to S$4.1 billion. Net interest income was boosted by rising interest rates and the Group’s active balance sheet management to optimise funding cost. Credit card fees surged as consumer spending and regional travel rebounded, boosted by the addition of Citigroup’s consumer businesses in Malaysia and Thailand. Despite market volatility, net new money inflows grew assets under management from affluent customers to S$154 billion. Organically, the Group also added over 800,000 new-to-bank customers, of which more than half were digitally acquired.

 

The Group continued to make headway on its sustainability strategy in 2022. In November, it announced its net zero commitments by 2050. The Group is working closely with its customers to support them in their transition in an orderly and just manner, focusing on balancing growth with responsibility. The Group’s sustainable financing portfolio reached S$25 billion in FY22, well on track to achieve its target of S$30 billion by 2025. The Group’s total assets under management in environmental, social and governance-focused investments also grew to S$10 billion during the year.

 

CEO Statement

Mr Wee Ee Cheong, UOB’s Deputy Chairman and Chief Executive Officer, said, “The Group delivered a record net profit for the year, on higher margins driven by our robust core businesses, strong balance sheet and resilient asset quality.

 

“Importantly, 2022 was a milestone year for UOB with our acquisition of Citigroup’s consumer banking businesses in four markets. Last November, we completed the acquisition in Malaysia and Thailand and we aim to close in Indonesia and Vietnam this year. This transformational deal, sealed in the midst of the pandemic, positions us well in our strategic ambitions in the regional consumer banking space. We are excited to serve our enlarged customer base of 7 million with our expanded network and strengthened capabilities.

 

“The ASEAN region is vibrant with immense long-term potential. We remain positive on the region despite the global economic gloom in the near term. Looking ahead, we are confident that our strategy of seeking growth while ensuring stability will continue to create value for our customers and other stakeholders.”

 

Financial Performance

Financial Performance

 

FY22 versus FY21

Core net profit for FY22 grew 18% to a new high of S$4.8 billion from a year ago, boosted by strong net interest income and stable asset quality. Including the one-off expenses, net profit was at S$4.6 billion.

 

Net interest income increased 31% to S$8.3 billion, led by robust net interest margin expansion of 30 basis points to 1.86% on rising interest rates and loan growth of 3%.

 

Despite credit card fees registering a double-digit growth from higher customer spending and the consolidation of Citigroup’s credit card business, net fee income declined 9% to S$2.1 billion as muted investor sentiments weighed on wealth and fund management fees.

 

Customer-related treasury income grew 20%, driven by hedging demands amid market volatility. This was partly offset by impact on hedges and lower valuation on investments. As such, other non-interest income increased 4% to S$1.1 billion.

 

With income growth outpacing rise in total core operating expenses of 16% to S$5.0 billion, cost-to-income ratio improved by 0.8% points to 43.3%.

 

Asset quality remained stable. Total allowance declined 8% to S$603 million with the release of pre-emptive general allowance that offset the higher specific allowance. Total credit costs on loans were maintained at 20 basis points.

 

4Q22 versus 3Q22

Core net profit for the fourth quarter was stable at S$1.4 billion. Including the one-off integration expenses, net profit stood at $1.2 billion.

 

Net interest income rose 15% to a new record of S$2.6 billion, driven by a 27 basis points uplift in net interest margin to 2.22%. Net fee income was down 7% to S$485 million, due to seasonal slowdown in wealth management and loan-related activities, although credit card fees was at new high from higher customer spends, further boosted by consolidation of Citigroup’s consumer business. Other non-interest income normalised to S$285 million, after an exceptional 3Q22 that benefitted from market volatilities.

 

Total core operating expenses increased 4% to S$1.4 billion while the cost-to-income ratio was unchanged at 42.6%. Total allowance increased to S$184 million, mainly due to higher specific allowance on a few non-systemic accounts, cushioned by the write-back of general allowance.

 

4Q22 versus 4Q21

Net interest income increased 53%, led by a 66 basis point expansion in net interest margin and loan growth of 3%. Net fee income was 16% lower as robust credit card fees were more than offset by softer wealth management and loan-related fees. Other non-interest income rose 62% to S$285 million on higher customer-related treasury income.

 

With strong income growth and disciplined cost management, cost-to-income ratio improved from 45.0% to 42.6%, excluding one-off expenses. Total allowance was S$184 million from higher specific allowance.

 

Venture - She is gaining momentum and likely rise up to test 15.25! AGM is on 26th April, final dividend is coming! Yield is more than 5 percent for this blue chips counter, nice!

Venture  - She is gaining momentum and likely rise up to test 15.25! AGM is on 26th April, final dividend is coming! Yield is more than 5 pe...