Olam Group (VC2.SI) - Trading at PE 9x, 6.11percent dividend yield, Nav 1.838,don't miss out!

  

She will be reporting her 1st Half 2023 results on 11th August cum interim dividend of 4 cents. 

One of the rare commodity counter listed locally.

If the listing of IPO get the approval from Saudi side then price may get lifted again. And the 2nd IPO to be listed on London if also able to carry out later on then we may see further catalyst to drive the price further.

Not a call to buy or sell!

Please dyodd.

We’re a leading food and agri-business, supplying food ingredients, feed and fibre to thousands of customers worldwide, from world famous brands to small family run businesses.

Our global team of employees has built leadership positions in businesses such as cocoa, coffee, cotton, nuts and spices.

Headquartered and listed in Singapore, we rank

among the top 30 largest primary listed companies in Singapore in terms of market capitalisation on SGX-ST. We are a Fortune Global 500 company and since June 2020 we have been included in the FTSE4Good Index Series.

In  January 2020, we announced a Re-organisation Plan to create distinct and coherent operating groups – ofi, Olam Agri, and the Remaining Businesses of Olam Group – to maximise long-term value on a sustained basis.

Each operating group has developed a clear Purpose, compelling vision and a differentiated strategy to capitalise on specific trends that underpin its sectors, take advantage of market opportunities, attract talent, optimise resources and invest in requisite assets and capabilities which will deliver profitable growth and build long-term value on a sustained basis.

ofi: Naturally good food and beverage ingredients and solutions

ofi offers sustainable, natural, value-added food products and ingredients and preparation for it to seek a primary listing on the London Stock Exchange, with a concurrent secondary listing on the Singapore Exchange, is underway. In conjunction with the IPO, it is intended ofi will demerge from the Olam Group (OGL).

Olam Agri: Transforming food, feed and fibre

Olam Agri is a market leading agribusiness, focused on high-growth consumption markets. The Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of Public Investment Fund of the Kingdom of Saudi Arabia, has invested US$1.24 billion for a 35.43% stake in Olam Agri. This creates a benchmark valuation and a strong shareholder.

Remaining Businesses of Olam

We are exploring strategic options to maximise the value of the Remaining Businesses of Olam comprising Nupo Ventures - our incubator and start-up businesses, Mindsprint - providing shared services to the operating groups, and Olam Global Holdco - which holds the de-prioritised and gestating assets.

A Taste of What We Do

Our value chain spans over 60 countries, from growing crops in our own orchards and estates, to sourcing from a global network of farmers. We operate over 80 large processing and manufacturing facilities, developing and delivering food ingredients, feed, and fibre, alongside supply chain, trading and risk management expertise to support our customers’ needs. Additionally, We market our own brands directly to consumers in Africa. 

 The listing of ipo for Saudi side still hasn't gotten the approval yet! Sgx side already approved.  This is taking longer than expected! 

So, 1st half of 2023 is not possible!

Need to wait for further announcements!

Share price kena sold down from 1.47 to 1.36, seem overly done. 

It has bounced off from 1.36 to close at 1.42 seems rather interesting!

Yearly dividend of 8.5 Cents.

Yield is a whopping 6.07% at 1.40.

Pls dyodd.

Olam FY2022 results are as follows:

Nibbled a bit at 1.40 for quite a gd dividend yield of more than 6% yield.

Forst Half 2023 Results will be out on 11th August 2023.

NAV 1.838.

Pls dyodd.

Ocbc Bank- Her price was being pushed up to 12.69 during closing yesterday, looks like Big Boys are playing!

 She has managed to close well at 12.69 yesterday and overcome the resistance at 12.68 looks rather positive!

Next, we may see her rising up to test 12.90.

Please dyodd.

 Nice closing yesterday at 12.47 looks like this positive momentum may prevail!

I think she may rise up to re-attemp 12.68 than 12.90-13.00.

Interim Dividend of about 0.28 is coming on 4th August results announcement. 

If there is an increase in the interim dividend,  price may likely get boosted further. 

Please dyodd.

 Chart wise, A nice gap up yesterday looks rather interesting! Yield of 5.5% for this local bank is a great opportunity. Don't miss out!

Indeed, she has manged to reclaim 12.20 looks like this bullish monument may prevail!

Likely to rise up to test 12.68 then 12.90.

Results is due on 4th August before trading commence. Half yearly dividend is coming!

Please dyodd.

 

 Chart wise,  bearish mode!

Likely to see further weakness!

Immediate support is at about 12.20.

Yearly dividend is about 0.65-0.68.

Yield is about 5.29% or 5.5% at 12.28 seems quite a gd yield!

Quote: , RHB has trimmed its target price to $13.20 from $14, which represents a 7% upside. RHB’s target price includes a 2% environmental, social and governance (ESG) premium, based on the research house’s proprietary methodology. (The Edge Singapore)

Pls dyodd.

 OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 420 branches and representative offices in 19 countries and regions. These include over 190 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 60 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.

Yearly dividend of about 0.65 to 0.68.

Current Price of 12.23, yield is about 5.31% /5.5%.

P/B is slightly above 1.

The dividend yield is above 5% which is considered good!

Chart wise, it is trading in a consolidation mode!

Waiting for the next catalyst to drive the price higher.

Looking at the chart we can see some buying interest with huge volume transacted on certain day which is rather interesting!

Will it repeat the same price patterns!

We will know the answer in next few trading sessions!

Pls dyodd.

Venture Corporation (V03.SI) - Results will be out on 4th August

Nibbled a bit at 14.59.

Yield is about 5.14%. 

Results will be out on 4th August. 

Interim dividend of 0.25 is coming. 

Net cash position. 

Please dyodd.

I think is gd pivot entry point to take a look at this blue chips tech counter thatis yielding 5% at 14.97. 

PE is about 11x. Net cash position.

Half yearly dividend of 0.25(interim) and 0.50 (Final).

Please dyodd.

Venture Corporation Limited was formed in 1989 as an electronic services provider after the merger of three companies. With over three decades of consistent growth and 12,000-strong today, the Group is a leading provider of technology services, products and solutions, with established capabilities spanning innovation, design and development, product and process engineering, design for manufacturability and supply chain management in diverse technology domains.

Headquartered in Singapore, the Group comprises more than 30 companies worldwide with Centres of Excellence in Southeast Asia, Northeast Asia, America and Europe.

The Group is well-known for its deep know-how and expertise in various technology domains. These include life science, genomics, molecular diagnostics, medical devices and equipment, healthcare, luxury lifestyle and wellness technology, test and measurement technology instrumentation, networking and communications, advanced industrial as well as computing, printing and imaging technology.

Yearly dividend of 0.75. Yield is 5% at the current price of 14.97.

It is hovering near the support at 14.96, looks rather interesting!

US tech seem to have turned into bullish mode! Hopefully,  local tech counter may likely follow!

Chart wise,  the price has been driven to an oversold territory!

A technical rebound is going to happen any moment!

If it can rise up to reclaim 16.50 and cover the Gap at 17.00 than we may see a nice reversal price patterns!

Pls dyodd.

DBS (D05.SI) - She has momentarily covered the Gap but retrace a litlle I think is healthy!

  Indeed, she has managed to rise up to covered the Gap at about 32.82 and is now taking a breather which is quite normal!

I think likely to rise up to revisit 32.82!

A nice breakout smoothly plus good volume that may likely drive the price higher towards 33.28 than 33.93.

Results will be out on 3rd August! Dividend is coming. 

Please dyodd.

Today - 17 July it closed well at 32.47 looks like this strong momentum may continue to rise up to test 32.68 than 33.28. Huat ah!

Pls dyodd. 

Indeed,  she has managed to cross over 31.95 and continue to rises up to test 32.30 , looks rather positive!

High probability she may rise up to test 32.68 then 33.00 to 33.28 .

Please dyodd.

 Chart wise,  bullish mode!

Likely to retest 31.95 price level. 

A nice breakout smoothly plus high volume we may likely see her rising up to test 33.00 than 33.28.

Results will be out on 3rd August 2023 before trading commence. 

Please dyodd.

 

Bank of America Increases Dividend By 9% After Fed Stress Test

One of the biggest Bank in USA is raising their dividend, will local bank like DBS, UOB and OCBC follow them!

I think many has been anticipating local bank should be able to distribute more for dividend payout as most of them are paying out less than 50% of their net income! 

Bank of America raises its dividend from 0.22 to 0.24 per quarter. 

Why DBS Corporate Banking​

At DBS, we help clients to realise their full potential and be future-ready. Leveraging our regional connectivity, industry expertise and digital capabilities, we work with corporates to develop customised solutions to help them meet their short-term priorities and long-term strategic goals.​

Backed by AA- and Aa1 credit ratings, we offer a full range of corporate and institutional banking products and services in the markets we operate.​

Chart wise,  bearish mode!

She is still stucked in a consolidation mode price patterns!

If it can rise up to reclaim 32 then 33.36 level in order to reverse this downtrend.

Yearly dividend of 1.68. Yield is 5.37%. Nice dividend yield.

Not a call to buy or sell!

Please dyodd.

Our promise to you: Live more, Bank Less

When we celebrated our 50th anniversary in 2018, we said that we wanted to help you “Live More, Bank Less”. Because at DBS, we believe that banking should be simple and effortless, so that you can spend more time with the people and things that you care about.

This promise is still something that we hold on to, even amidst a different world — one that has changed irretrievably in the wake of a global pandemic. Through good and tough times, we want to be the constant that helps you live more, live better, and bank a little less.

Defying the status quo, while staying true to our purpose

So we set out to innovate and serve you better by defying the status quo — breaking boundaries, reimagining banking, refusing to be bounded by conventional notions of what a bank should be.  

We started our digital transformation journey back in 2014 and was never one to shy away from emerging technologies. We believe that by inculcating a startup culture in the organisation, a spirt of innovation and entrepreneurship will flourish. And it has indeed, spawned many products and solutions that are now seamlessly woven into our customers’ everyday lives.

We have also been championing stakeholder capitalism way before it was fashionable. From banking the underserved communities, supporting social enterprises to prioritising action on climate change, we have always been guided by our responsibility towards society and the planet. After all, we were borne of a sense of purpose since our inception as the Development Bank of Singapore more than 50 years ago.

To be a bank for the times, we have to be a different kind of bank

With Covid-19 upending economies and societies, now more than ever, we must anticipate and lead change. Here at DBS, we are always pushing boundaries, thinking and acting less like a traditional bank, but more like a startup, more like a business partner, more like a friend. We like to think of ourselves as a tech company offering financial services. We believe that is how we become a bank for the times — for a different kind of world calls for a different kind of bank.

So here we are, World’s Best Bank, five years and counting. And we’ve no intention of ever stopping — for you, for our community, and for the world.

Pls dyodd.

CapLand Integrated Comm Trust - Nice closing at 2.01

Today it closed well at 2.01. High probability she will rise up to reclaim 2.03 then 2.08 with extension to 2.18.

Not a call to buy or sell!

Please dyodd.

Yesterday closed well at 1.92, let's see will she continue to rise up to reclaim 1.95 then 2.00-2.03.

Results will be out on 1st Aug 2023! 

Dividend is coming!

  Chart wise,  bearish mode!

Likely to see further weakness!

She has further weaken and closed lower at 1.86 looks like she may go further down to test the recent support at 1.82 then 1.80 with extension to 1.74.

Yield is about 5.7%  at 1.86.

NAV 2.116.

Pls dyodd.

I have added a bit at 1.91 as it has managed to bounced off from 1.89.

At 1.91, yield is about 5.55% of which I think is quite a gd yield for this giant retail cum grade A office reit.

Not a call to buy or sell!

Pls dyodd. 

CapitaLand Integrated Commercial Trust (CICT or the Trust) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$13.5 billion as at 31 December 2022. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust (CCT).

 Looking at the FY 2022 results the NPI is up 9.7% and achieved an increased of DPU from 10.40 to 10.58 cents. It looks like the rental income is improving!

The First Quarter 2023 update is as follow:

The NPI is up 11.3% to 276.3m and occupancy rate % has improved from 95.8 to 96.2.

The gearing is slightly from 40.90 to 40.40%.

The Average WALE is 3.7 years.

The Top 10 tenants are RC Hotels (Pte) Ltd, WeWork Singapore, GIC Private Limited, NTUC Enterprise Co-Operative Ltd & Temasek Holdings etc.

Total Property value is about 24.2 billion of which is the Biggest reit counter listed on the Local Singapore Exchange.

NAV is about 2.116.

Yearly dividend of about 10.58, Yield is about 5.6%(based on current price of 1.89).

I think gd pivot entry point is back!

Please dyodd.

ComfortDelGro- She is rising up nicely!

GD NEWS: Awarded a contract to operate rail services in Paris, France’s capital city.

— marks the Group’s first foray into France’s rail operations market and is a first by a Singapore company.

 Indeed, she has managed to conquer 1.21 and rises up to touch 1.23 looks rather positive!

High probability I think she may rise up to test 1.25-1.27 then 1.30-1.35.

Please dyodd. 

ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. 

The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies. 

EN Corporate Profile Navigation ABOUT NETWORK INVESTOR SUSTAINABILITY TRANSFORMATION NEWS CONTACT CAREER CORPORATE PROFILE HOME / ABOUT US / CORPORATE PROFILE ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies.

Following the merger, ComfortDelGro has expanded significantly and now operates in seven countries and has a global fleet of about 34,000 vehicles.

ComfortDelGro’s businesses include bus, taxi, rail, car rental and leasing, automotive engineering services, inspection and testing services, driving centres, non-emergency patient transport services, insurance broking services and outdoor advertising. Apart from being the market leader in Singapore, ComfortDelGro has a significant overseas presence. 

The Group’s operations currently extend from the United Kingdom and Ireland to Australia, New Zealand, Malaysia, as well as across nine cities in China, including Beijing, Shanghai, Guangzhou, Shenyang and Chengdu.

Chart wise,  bullish mode!

Likely to continue to trend higher!

Short term wise,  I think likely to rise up to retest 1.20-1.21! 

A nice breakout smoothly may likely see her rising up further towards 1.25 then 1.30.

NAV 1.186.

PE 14x.

Dividend yield 4.11%.

Please dyodd.

CapLand India Trust- After PO ,She has continued to rise higher, Awesome!

 Yesterday she has a nice breakout at 1.15 today accompanied with high volume and closed well at 1.18 this is rather bullish! 

Short term wise,  I think she is rising up to revisit 1.21 than 1.24.

Please dyodd.

 PO results is out! 

The new share will be deposited on your account on 18th July.

The current price of 1.14 is trading higher than the PO price of 1.06.

I think many might have taken the opportunity to lock in profit!

Please dyodd.

PO officially closed at 5.30pm on 10th July 2023.

New share will be credited and start trading on 18th July.

First half year results cum dividend will be announced on 30th July before trading commence!

I have applied by rounding the share to even lot number.

All the best to those who has applied including excess!

Today share price close at 1.12. Looks like uptrend is still intact!

Please dyodd.

 Preferential Offering of share at 1.06 per unit.

PO exercise date from 30th June to 10th July

 5.30pm.

Every 1000 share you are entitled 119 unit of share. 

If you hold 5000 share, you are eligible to apply for 547 unit at 1.06 per share. 

You may choose to apply together with excess to make it an even lot number for example 600 share or 1000 share. 

The new share will be credited to your account on 18 July 2023.

Good luck!

Please dyodd.

Chart wise,  bullish mode!

Likely to continue to trend higher!

Short term wise,  a nice breakout of 1.14 smoothly may likely see her rising up to test 1.21.

Yearly dividend of about 8.3 cents.

Yield is about 7.28%

NAV 1.08.

CapitaLand India Trust (CLINT), formerly known as Ascendas India Trust, was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India. CLINT may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of holding the properties upon completion. As at 12 May 2023, CLINT’s assets under management stand at S$2.7 billion.

CLINT’s portfolio includes nine world-class IT business parks, one logistics park, one industrial facility and four data centre developments in India, with total completed floor area of 19.2 million square feet spread across Bangalore, Chennai, Hyderabad, Pune and Mumbai. CLINT is focused on capitalising on the fast-growing IT industry and industrial/logistics asset classes in India, as well as proactively diversifying into other new economy asset class such as data centres. 

CLINT is structured as a business trust, offering stable income distributions similar to a real estate investment trust. CLINT focuses on enhancing shareholder value by actively managing existing properties, developing vacant land in its portfolio, and acquiring new properties.

CLINT is managed by CapitaLand India Trust Management Pte. Ltd., formerly known as Ascendas Property Fund Trustee Pte. Ltd. The trustee-manager is a wholly owned subsidiary of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asia foothold.    

IT Parks

Our business parks offer a distinct business lifestyle where convenience and comfort meet productivity. Lush greenery and modern architecture create an exciting landscape that inspires knowledge workers, while an impressive array of amenities is designed to enhance the working experience. From sports, medical and childcare facilities to restaurants and cafes, our thoughtfully curated range of services cater to all professional needs. We have also seamlessly integrated technology and sustainable practices throughout our parks, from energy-efficient buildings to smart infrastructure, minimizing our environmental impact while maximizing efficiency.

Data Centres

We are developing 4 data centres in India’s key data centre markets – Navi Mumbai, Hyderabad, Chennai, and Bangalore. As at second quarter 2023, construction of the data centres in Navi Mumbai and Hyderabad have commenced. When fully developed, the four state-of-the-art data centres will deliver a total power capacity of 244 MW. Our data centres adopt sustainable design principles and green building standards, including features such as intelligent energy management systems, solar panels, and highly efficient cooling systems using low global warming potential refrigerant. 

Industrial/Logistics Facilities

Our industrial facility is a premier Grade A asset, fully leased to a multinational electronics manufacturer. It is situated in Mahindra World City, a renowned industrial micro-market known for its blue-chip occupants.

Our logistics asset consists of seven modern and high-quality warehouses ensuring efficient and seamless logistics operations. It is situated in Panvel, a well-established and strategic warehousing zone that provides convenient access to India's largest container port, the Jawaharlal Nehru Port Trust.

CapitaLand India Trust-Nice breakout at 1.15 likely to rise further

 A nice breakout at 1.15 today accompanied with high volume and closed well at 1.18 this is rather bullish! 

Short term wise,  I think she is rising up to revisit 1.21 than 1.24.

Please dyodd.

 PO results is out! 

The new share will be deposited on your account on 18th July.

The current price of 1.14 is trading higher than the PO price of 1.06.

I think many might have taken the opportunity to lock in profit!

Please dyodd.

PO officially closed at 5.30pm on 10th July 2023.

New share will be credited and start trading on 18th July.

First half year results cum dividend will be announced on 30th July before trading commence!

I have applied by rounding the share to even lot number.

All the best to those who has applied including excess!

Today share price close at 1.12. Looks like uptrend is still intact!

Please dyodd.

 Preferential Offering of share at 1.06 per unit.

PO exercise date from 30th June to 10th July

 5.30pm.

Every 1000 share you are entitled 119 unit of share. 

If you hold 5000 share, you are eligible to apply for 547 unit at 1.06 per share. 

You may choose to apply together with excess to make it an even lot number for example 600 share or 1000 share. 

The new share will be credited to your account on 18 July 2023.

Good luck!

Please dyodd.

Chart wise,  bullish mode!

Likely to continue to trend higher!

Short term wise,  a nice breakout of 1.14 smoothly may likely see her rising up to test 1.21.

Yearly dividend of about 8.3 cents.

Yield is about 7.28%

NAV 1.08.

CapitaLand India Trust (CLINT), formerly known as Ascendas India Trust, was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India. CLINT may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of holding the properties upon completion. As at 12 May 2023, CLINT’s assets under management stand at S$2.7 billion.

CLINT’s portfolio includes nine world-class IT business parks, one logistics park, one industrial facility and four data centre developments in India, with total completed floor area of 19.2 million square feet spread across Bangalore, Chennai, Hyderabad, Pune and Mumbai. CLINT is focused on capitalising on the fast-growing IT industry and industrial/logistics asset classes in India, as well as proactively diversifying into other new economy asset class such as data centres. 

CLINT is structured as a business trust, offering stable income distributions similar to a real estate investment trust. CLINT focuses on enhancing shareholder value by actively managing existing properties, developing vacant land in its portfolio, and acquiring new properties.

CLINT is managed by CapitaLand India Trust Management Pte. Ltd., formerly known as Ascendas Property Fund Trustee Pte. Ltd. The trustee-manager is a wholly owned subsidiary of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asia foothold.    

IT Parks

Our business parks offer a distinct business lifestyle where convenience and comfort meet productivity. Lush greenery and modern architecture create an exciting landscape that inspires knowledge workers, while an impressive array of amenities is designed to enhance the working experience. From sports, medical and childcare facilities to restaurants and cafes, our thoughtfully curated range of services cater to all professional needs. We have also seamlessly integrated technology and sustainable practices throughout our parks, from energy-efficient buildings to smart infrastructure, minimizing our environmental impact while maximizing efficiency.

Data Centres

We are developing 4 data centres in India’s key data centre markets – Navi Mumbai, Hyderabad, Chennai, and Bangalore. As at second quarter 2023, construction of the data centres in Navi Mumbai and Hyderabad have commenced. When fully developed, the four state-of-the-art data centres will deliver a total power capacity of 244 MW. Our data centres adopt sustainable design principles and green building standards, including features such as intelligent energy management systems, solar panels, and highly efficient cooling systems using low global warming potential refrigerant. 

Industrial/Logistics Facilities

Our industrial facility is a premier Grade A asset, fully leased to a multinational electronics manufacturer. It is situated in Mahindra World City, a renowned industrial micro-market known for its blue-chip occupants.

Our logistics asset consists of seven modern and high-quality warehouses ensuring efficient and seamless logistics operations. It is situated in Panvel, a well-established and strategic warehousing zone that provides convenient access to India's largest container port, the Jawaharlal Nehru Port Trust.