Ezotop

Saturday, August 12, 2023

Ocbc Bank - XD tomorrow 14/8, I think market is giving chance to secure the profit, likely get sold down more than its dividend of 40 cents!

 She is going Ex.dividend on 14th August,  I think market is giving chance to secure the profit!

She is trading near the peak resistance and it may experience the same selling down price patterns as reflected on the chart! 



As interest rate is more or less peak and bank Net Interest Margin likely fall plus bad debts allowance might increase therefore,  total Revenue and Net income may be lowered! 

US bank already seen Analyst lowering their TP. I think is good ro be cautious!

Not a call to buy or sell!

Please dyodd.

So fast, asking for loan liao! 

4.5% seem not bad! 



Not a call to buy or sell.

Please dyodd. 


Wah, another Gap down upon results released looks like market already priced in the good sets of financial numbers and it doesn't boils well for this kind of price action!



Looks like the uptrend direction is halted and we may see further selling down pressure!

Please dyodd.

 All the 3 local banks attained good profit and all boosting their dividend payout. But going forward, profit may be lowered due to interest rate pause or bad debts  allowance.



Total Income of 6.8b.

RoE of 14.3%.



EPS 1.60 per share.

Interim dividend increase 43% from 0.28 to 0.40.

XD 14 August,  pay date 25 August. 

Yield of 6%. Is much higher than index reit.




TA wise, looks like the same price patterns may repeat itself! 



After hitting the resistance level it may likely see further weakness. 

I think is never wrong to lock in profit!

Don't let the profit slip away!

Please dyodd. 



TA wise,  bearish mode!

If she can't hold at 12.00 price level, 



the next support level Is 11.93 than 11.80.

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!

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.



Friday, August 11, 2023

SBS Transit - 1st Half Results is near the corner, I think interim dividend of 5.45 cents is coming!

1st Half results should be out next week!

I think can expect same interim dividend of 5.45 cents or higher than last year.

As more people go back to the office,  the travel crowd is back and they may see a higher revenue back to pre-covid level. 

Let's wait for the results announcement!

Not a call to buy or sell!

Please dyodd.


 Singapore Bus Services was renamed SBS Transit Ltd on 1 November 2001. The new name reflects our multi-modal status as we move from being just a bus operator to the provision of both bus and train services.



We have retained "SBS" in the new company name to remember our roots and preserve our long heritage.

Our corporate signature is a specially designed wordmark. The distinct graphic stroke, called the "speed stroke" expresses the dynamism of the organisation.

The vibrant orange colour signifies dynamism and innovation. The purple colour represents strength, stability and a firm commitment to our customers. The bold interplay of the two colours signifies the crossing of boundaries and connecting people, which are the foundation of lasting relationships.

SBS Transit - Beyond just being a people mover



SBS Transit is a leading bus and rail operator in Singapore. Every day, we carry millions of passengers on our extensive bus and rail network. But we believe in not just being a people mover - we believe in the journey, and not just the destination. This is why we have invested extensively in technology and training, constantly looking to upgrade not just our operations but our people as well.

We were formed in only 1973 through the merger of three private bus companies. We grew quickly and by 1978, we were listed on the Stock Exchange of Singapore (now known as SGX) as Singapore Bus Service (1978).

In November 1997, the Company was renamed DelGro Corporation Limited with a subsidiary, Singapore Bus Services Limited, listed separately on the SGX. In November 2001, Singapore Bus Services Limited had a change in name to SBS Transit Ltd to reflect our new bi-modal status as a bus and rail operator when we won the licence to operate the North East MRT Line.

In 2003, SBS Transit became a part of the ComfortDelGro Group when Comfort Group and DelGro Corp merged to form ComfortDelGro Corporation, one of the world's largest land transport companies. As part of an international, multi-modal transport company, we have been able to leverage the Group's extensive resources, expertise and knowledge to bring about higher levels of service and comfort for our Singapore commuters.

SBS Transit aims to provide world-class public transport which is safe, comfortable, affordable, reliable and friendly. Today, we operate more than 200 bus services with a fleet of some 3,000 buses. We also operate the North East MRT Line, which is the world's first fully automated, underground heavy rail system that connects Punggol to HarbourFront, as well as the Light Rail System in the Punggol and Sengkang new towns.

SBS Transit also operates the Downtown Line. This 42km Line with 34 stations is currently the longest underground Line in Singapore. The first and second stage of Downtown Line commenced service on 22 December 2013 and 27 December 2015, whilst the third stage opened on 21 October 2017.

Olam Group - 1st Half Results is out, PATMI is dien 88.8% to 47.9m, interim Dividend of 3 cents Vs 4 cents last year

 Olam Group  - 1st Half Results is out, PATMI is dien 88.8% to 47.9m, interim Dividend of 3 cents Vs 4 cents last year.



The Finance costs increase 85% to 606m this is very high no wonder Profit is down so much! 



Targeting to List Olam Agri ipo on 1H 2024.

Again has been delayed. 

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

Let's see how she fares next week!

Please dyodd.





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, August 10, 2023

CapitaLand Investment - Results is out, not bad! Total Revenue is down 1% to 1345m, Operating PATMI is dien 1% to 344m, recurring FM fee grow by 10% to 183m, awesome!

 CapitaLand Investment  - Results is out, not bad! Total Revenue is down 1% to 1345m, Operating PATMI is dien 1% to 344m, recurring FM fee grow by 10% to 183m, awesome!


I think Results is not bad and Operating profit is quite stable!




I think yearly dividend of 12 cents is sustainable and may be see further increase if FM fee grow faster than expected! 




I have nibbled small unit at 3.26 yesterday during the closing!




Aiming for some kopi money!

At 3.26, the yield is about 3.65% if the yearly dividend is 12 cents. 

She is due to report her 1st half results on 11th August that may provide us the clue how is the direction of the share price! 

Not a call to buy or sell!

Please dyodd.

Let's monitor and wait for her to dip a bit to 3.22-3.26 and see if it can cross the resistance at 3.28 smoothly before taking further action !



At 3.29, yield is 3.6%.

Not a call to buy or sell!

Please dyodd. 


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.





CapitaLand Ascendas REIT - After XD, price recover to pre-XD, free dividend, Awesome!

 She has managed to bounce-off from 2.72 and close well at 2.79, looks rather bullish!



I think she may likely reclaim 2.80 and rises up to retest 2.85.

Please dyodd.

She has just went XD today - 7 August,  Pay date 1st September likely to see further weakness!



Immediate support is at 2.70.

next support at 2.65 and 2.61.

At 2.70, yield is about 5 72%.

Not a call to buy or sell!

Please dyodd.


CapitaLand Ascendas REIT (CLAR), formerly known as Ascendas Real Estate Investment Trust, is Singapore’s first and largest listed Business Space and Industrial Real Estate Investment Trust (REIT). It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002.



CLAR has since grown to be a global REIT anchored in Singapore, with a strong focus on tech and logistics properties in developed markets. As at 31 December 2022, it owns 228 properties across three key segment, namely, 1) Business Space and Life Science, 2) Logistics and 3) Industrial and Data Centres. 

CLAR's multi-asset portfolio is anchored by well-located quality properties across developed markets. As at 31 December 2022, 95 properties are located in Singapore, 36 properties in Australia, 48 properties in the United States and 49 properties in the United Kingdom/Europe.

These properties host a customer base of more than 1,600 international and local companies from a wide range of industries and activities, including data centres, information technology, engineering, logistics & supply chain management, biomedical sciences, financial services (back room office support), electronics, government and other manufacturing and services industries.



CapitaLand Ascendas REIT is listed on several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CapitaLand Ascendas REIT has an issuer rating of “A3” by Moody’s Investor Services.

CapitaLand Ascendas REIT is managed by CapitaLand Ascendas REIT Management Limited, a wholly owned subsidiary of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asian foothold.

CapitaLand Ascendas REIT is listed on several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CapitaLand Ascendas REIT has an issuer rating of ‘A3’ by Moody’s Investors Services. 



1) Properties located in Singapore are held directly by CapitaLand Ascendas REIT (except Galaxis which is held under a wholly owned subsidiary of CapitaLand Ascendas REIT).

Properties located in Australia are held through wholly owned subsidiaries of CapitaLand Ascendas REIT, and are managed by Ascendas Funds Management (Australia) Pty Ltd together with CapitaLand Australia Pty Ltd and third-party managing agents.

Properties located in the UK/Europe are held through wholly owned subsidiaries of CapitaLand Ascendas REIT and are managed by CapitaLand International Management (UK) Ltd together with third-party managing agents.

Properties located in the USA are held through wholly owned subsidiaries of CapitaLand Ascendas REIT and are managed by CapitaLand International (USA) LLC together with third-party managing agents.

Chart wise,she has been driven to an oversold territory! 



At 2.67, yield is about 5.9% . Estimating yearly dividend of 15.7 cents.

I think is quite a gd dividend yield to be included on my stocks portfolio. 

NAV is 2.37. Gearing below 40%.

Nibbled a bit at 2.65.



Not a call to buy or sell!

Please dyodd.

FY 2023 results: 




 

Wednesday, August 9, 2023

DBS - XD tomorrow 11 th August, I think market is giving chance to secure the profit!

 Chart wise, there are major overheads resistance and I think is good time to secure the profit. 

The recent selling by the chief of about 100,000 share at about 34+ looks like it has trading at peak level.



After XD, price may go down to test 32.88 than 32.28.

Not a call to buy or sell!

Pls dyodd. 


 Locked in kopi lui at 24.23.

Please dyodd.

Impressive set of financial numbers for 2nd quarter 2023.





Net profit increase 48% to a record earnings of 2.69b as total net income crosses 5b.



Declared interim dividend of 0 48. Versus 0.42 last quarter. Awesome. 

XD 11 August.  Pay date 24 August.


EPS increase 4.02% from 2.80 to 4.15.

NAV also increase 21% from 20.78 to 21.85.

Fantastic! I think price may gap up !



Hopefully,  it may stay above 34.00 with this stellar sets of financial results!

Please dyodd.



Singapore Saving Bond (SSB) - January 2024 Average 3.07% for 10 years Is it still quite a gd rate I certainly think so!

Jan 2024 10 years average interest rate is 3.07% which is much lower than last month rate of 3.4%.  Total amount Offered is 1.1b. I think th...