Saturday, July 29, 2023

CapLand India Trust - Results will be out tomorrow morning before trading commence

Results will be out on 31st July morning, huat ah! 

 Estimating the fist half year dividend of 4.1 to 4.15 cents. 

Yearly dividend is about 8.2 cents, yield is about 7.06%. I think is quite a nice yield !

Please dyodd.

 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


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.

Friday, July 28, 2023

UOB - price action driven by increase in Interim Dividend from 0.60 to 0.85 , I think is good time to secure the profit!

 After the results announcement,  yesterday,  it has a nice running up! 

I have taken this opportunity to lock in kopi money at 29.62. They are overheads resistance at about 30.10 level so, I would say is good to monitor and don't let your profit slip away! 

She is going XD on 4th Aug.

A good sets of financial numbers!

Core Net profit of 3.1b ,solid! Interim dividend increase from 0.60 to 0.85 cents an increase of 41%, fantastic!

XD 4th August,  pay date 18th August. 

Final dividend of 0.75 + 0.85 , total dividend of 1.60. Awesome! Yield is about 5.6% the highest among the 3 local Bank. 

Chart wise,  bullish mode! It has managed to trade above 28.60 which is rather positive and we may see her testing 29.00 than 30.00.

Please dyodd.

  I think something is brewing judging from the price movement long greenish candlestick! She is up 93 cents to 28.62, Superb! 

I think this bullish momentum may push the price higher towards 29.00 than 30.17.

Please dyodd.

 It looks like bargain hunters has come in to support. The price has managed to touch the high 0f 28.13 before settling down at 27.83 looks like Buying interest is back!

If it can overcome the resistance at 28.60 smoothly we may likely see her rising up to cover the Gap at about 29.00.

Results is near the corner and if it a gd sets of financial numbers plus a slight increase in dividend I think price may get lifted! 

Please dyodd.

 TA wise, she has continued to trend lower today down 16 cents to close at 27.24 , looks like Bear is in control!

I think she may go down to test 27.10 then 27.00.

If 27.00 cannot hold then next, we may see her testing 26.40 then 25.94.

Please dyodd.

 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 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.


Olam Group - Profit Guidance, does it affect the dividend payout!

   She is being sold Down from 1.40 to close at 1.30, I see great opportunity is back! 

The profit guidance is being impact by once-off amount of about 83m. It will still be profitable for 1st half as well as FY 2023! I think interim dividend of 4 cents and final dividend of 4.5 cents would not be affected. 

Yield is a whopping 6.53% at 1.30.

When the mkt is fearful, I am seeing golden opportunity!

Please dyodd.

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.

Thursday, July 27, 2023

Mapletree PanAsia Comm Trust - Why suddenly is down 2 cents to 1.67!

 Results is due on 31st July!

Is it a telk tale sign results might not be good! 

Pls dyodd.


Chart wise,  she is gaining strength and likely rise up to test 1.70-1.72!

A nice breakout at 1.72 plus good volume we may likely see her rising up further towards 1.80 than 1.85.

Please dyodd.

 I nibbled a bit at 1.61 as it is hovering at the major support level! 

Not a call to buy or sell!

Pls dyodd. 

Mapletree Pan Asia Commercial Trust (“MPACT”) is a real estate investment trust (“REIT”) positioned to be the proxy to key gateway markets of Asia. Listed on the Singapore Exchange Securities Limited (“SGX-ST”), it made its public market debut as Mapletree Commercial Trust on 27 April 2011 and was renamed MPACT on 3 August 2022 following the merger with Mapletree North Asia Commercial Trust.

Its principal investment objective is to invest on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, as well as real estate-related assets, in the key gateway markets of Asia (including but not limited to Singapore, China, Hong Kong1, Japan and South Korea).

MPACT’s portfolio comprises 18 commercial properties across five key gateway markets of Asia – five in Singapore, one in Hong Kong, two in China, nine in Japan and one in South Korea. They have a total NLA of 11.0 million square feet and valued at S$17.1 billion. 

Within Singapore, they are:

  • VivoCity – Singapore’s largest mall located in the HarbourFront Precinct;
  • Mapletree Business City (“MBC”) – a large-scale integrated office, business park and retail complex with Grade A building specifications, supported by ancillary retail space, located in the Alexandra Precinct;
  • mTower – an established integrated development with a 40-storey office block and a three-storey retail centre, Alexandra Retail Centre (“ARC”), located in the Alexandra Precinct;
  • Mapletree Anson – a 19-storey premium office building located in the Central Business District (“CBD”); and
  • Bank of America HarbourFront (“BOAHF”) – A premium six-storey office building located in the HarbourFront Precinct.

Outside Singapore, they are:

  • Festival Walk, Hong Kong – a landmark territorial retail mall with an office component;
  • Gateway Plaza, China – a Grade A office building with a podium area in Lufthansa sub-market within Beijing;
  • Sandhill Plaza, China – a Grade A business park development in Zhangjiang Science City, a key business and innovation hub in Pudong, Shanghai;
  • Japan Properties – nine freehold properties comprising five office buildings in Tokyo (IXINAL Monzen-nakacho Building, Higashi-nihonbashi 1-chome Building, TS Ikebukuro Building, Omori Prime Building and Hewlett-Packard Japan Headquarters Building); an office building in Yokohama (ABAS Shin-Yokohama Building) and three office buildings in Chiba (SII Makuhari Building, Fujitsu Makuhari Building and mBAY POINT Makuhari); and
  • The Pinnacle Gangnam, South Korea – a freehold Grade A office building with retail amenities located in Gangnam Business District, Seoul.
MPACT is one of the three REITs sponsored by Mapletree Investments Pte Ltd (“MIPL” or the “Sponsor”), a leading real estate development, investment, capital and property management company headquartered in Singapore.

MPACT is managed by MPACT Management Ltd. (“MPACTM” or the “Manager”), a wholly-owned subsidiary of MIPL. The Manager aims to provide unitholders of MPACT (“Unitholders”) with a relatively attractive rate of return on their investment through regular and steady distributions, and to achieve long-term stability in Distribution per Unit (“DPU”) and Net Asset Value (“NAV”) per Unit, while maintaining an appropriate capital structure for MPACT.

2022 FY Financial results:

MPACT Achieves 65.4% and 62.6% Growth in FY22/23 Gross Revenue and Net Property Income

Full-year distribution per unit (“DPU”) totalled 9.61 Singapore cents.

Boosted by contribution from properties acquired through the merger1.

Better performance of core assets, VivoCity and Mapletree Business City (“MBC”), cushioned higher utility and finance costs in FY22/23. 

Positive rental reversion recorded by all markets except Greater China.

VivoCity’s full-year tenant sales set new record at over S$1 billion, and asset enhancement initiative (“AEI”) on Level 1 on track for opening from end-May 2023.

Improvement in shopper traffic and tenant sales at Festival Walk with the lifting of COVID measures and reopening of border with Mainland China.

Successfully renewed major leases at Bank of America HarbourFront, Festival Walk, Gateway Plaza and MBC during the year, adding to portfolio resilience.

Chart wise, bearish mode!
It is now hovering at the support level of 1.60-1.61.

Yearly dividend is about 9 cents ( base on 4th quarter dpu of 2.25 cents).

Yield is about 5.6% based on current price of 1.61.

NAV is 1.759.

As at 31 March 2023, the aggregate leverage ratio was 40.9% and the average term to maturity was 3.0 years. For FY22/23, the weighted average all-in cost of debt was 2.68% per annum and the adjusted interest coverage ratio was approximately 3.5 times on a 12-month trailing basis. 

Not a call to buy or sell!

Please dyodd.

BaBa(9988.HK) - I think she has a good running up

 I think likely to see profit taking happening as the US indexes has reversed from positive to negative situation last night. Also she has managed to touch the resistance at about 95+.

Chart wise, bullish trend !

Is good for it to retrace down to form a higher low at about 90-92 and see if it will continue to ride up after taking a breather!

Please dyodd.

 Today she has a Gap up moment and close well at 91.60 coupled with high volume this is rather bullish!

Likely to rise up to test 96.70 then 102.31.

Please dyodd.

 Chart wise,  looks like she is turning into an uptrend mode soon! 

She is rising up to test 90 then 100 with extension to 118! 

Pls dyodd.

Alibaba Group was established in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China. From the outset, the company’s founders shared a belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Since launching its first website helping small and medium-sized enterprises in China to sell internationally, Alibaba Group has grown into a digital ecosystem with businesses comprising China commerce, international commerce, local consumer services, Cainiao, cloud, digital media and entertainment, innovation initiatives and others.

Alibaba FY 2023 results:

  • Revenue was RMB208,200 million (US$30,316 million), an increase of 2% year-over-year.
  • Income from operations was RMB15,240 million (US$2,219 million), a decrease of 9% year-over-year.
  • Adjusted profit rose 5% to $2.79 a share.

Chart wise, A nice gap up price pattern spotted on the chart yesterday,  looks rather interesting!

Short term wise,  with Nasdaq turning into an bullish uptrend mode direction I think Alibaba price may likely rise up to reclaim 90 then 96 with extension to 110.

Pls dyodd. 

CICT (C38U.SI) CapLand IntCom Trust

 Wah, nice closing at 2.05 looks rather positive!

Short term wise,  I think high chance of testing 2.08-2.10 !

Pls dyodd.

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.

Kep Infra Tr - I think rights issue once announced may likely see the price getting weaker!

  Kep Infra Tr  - I think rights issue once announced may likely see the price getting weaker!  Quote: Straits Times  - KIT  is considering ...