CapitaLandInvest - She is bouncing off from the low of 3.03 to close higher at 3.22 looks rather interesting!

 I think she is slowly recovering after hitting the low 0f 3.03 and close well at 3.22 looks rather positive!

If it is able to overcome the immediate resistance at 3.24 smoothly I think high probability she may rise up tobtest 3.31 than 3.40-3.45.

Huat ah!

Pls dyodd.

 

 I think good opportunity is back! 

At 3.08, yield is about 3.9%. Immediate support is at 3.07-3.08. Next support is 3.00 and 2.94.

Pls dyodd.

 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.

Dbs Group - It has managed to recover from 32.52 to close at 34.09 yesterday looks rather positive!

 Chart wise, She has a 2 nice Gap up bullish candlesticks appeared on the chart looks rather positive.  I think she may rise up to retest the recent high of 34.55.

Please dyodd.

 After XD, she has corrected lowered and went down to test 32.48 and then bouncing off to close higher at 33.300 a nice rebound indeed! 

Will it continue to rise up further as rate hike might be paused for Sept. 

Let's monitor and see how the market react!

Please dyodd. 

Today close at 33.29 looks rather weak and may likely go further down to test 32.26 than 32.00.

Breaking down of 32.00 plus high volume we may see her drifting lower to 31.00 than 30.00.

Please dyodd.

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 34.23.

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.

Friday after a jump in unemployment cemented expectations of a pause in interest rate hikes this month, while shares of streaming firms tumbled due to a rate dispute between Disney and Charter Communications

Lendlease Reit - Small reit are suffering and drifting lower as Gearing is high at 40.6%. If including Perpetual securities is exceedingly 50%. All these are eating and killing the reit cash flow and distribution income!

 Chart wise,  bearish mode!

No sign of reversal!

How far it will go lower is a guessing number! 

I think is good to stay cautious!

Please dyodd.

 Is this a value trap or golden opportunity? 

I think I am gearing more towards extra cautious mode! 

The market is weak and all waiting for Fed meeting in September whether will there be another hike or postpone till November. 

NAV 0.787. Yearly dividend is about 4.7 cents.  Yield is about 8.4%.

The current high interest rates environment is likely increase their operation costs and thereby eating into their distribution income and lower the dpu payout.

Chart wise, looks like the same scenario may play out like Ireit chart patterns. 

short term wise, it may go down to revisit 50 cents.

Please dyodd.

Quote: citi analyst - LREIT’s gearing for the 4QFY2023 ended June 30 stood at 40.6%, which is its highest level since it listed on October 2019.
“We estimate a higher look-through (including $0.4 billion [in] perpetual securities (perps) and debt at Parkway Parade Partnership’s level) gearing of 50.5%, which ranks highest among S-REITs under our coverage (average 40.1%),” Lee writes. Is good to be extra cautious!

The manager of Lendlease Global Commercial REIT (“Lendlease Global REIT”), announced today that it has successfully completed its Initial Public Offering (“IPO”) of 387,474,987 units in Lendlease Global REIT (“Units”) at S$0.88 each (“Offering Price”), in connection with the proposed listing.

IPO price at 0.88 I think likely a history! 

Those got it at IPO is still loosing money even with dividend collected.

Pls dyodd.

Mapletree PanAsia Com Tr - Wah, Historical low at 1.49, is it a crisis why reit are being sold down to such a low level because of high interest rates that may not last long!

 At 1.49, yield is about 5.9%. NAV 1.749. 

I think during bad time then we can see this kind of depressing price for reit.

I think is good to be cautious!

pls dyodd. 

 At 1.52, yearly dividend is about 8.86 cents,  yield is about 5.82% for this index reit looks rather interesting!

NAV 1.749. Gearing is high at 40.7%. Please take note and do your own due diligence!

 Indeed,  it has broken down 1.57 and went down to touch 1.50. Looks rather weak!

Yesterday a nice greenish candlestick appeared looks like some buying activities is happening. 

Let's monitor and see if it can rise up to reclaim 1.60 !

Please dyodd.

 I think she has been driven into an oversold territory looks like a gd pivot point!

NAV is 1.749.

Yearly dpu is about 8.86 cents. Yield is about 5.5%.

In Singapore they own the core assets like VivoCity and Mapletree Business City (MBC). In Hong Kong they own the Famous Festival Walk shopping mall cum commercial office etc. 

Chart wise,  bearish mode!

It 1.60 cannot hold up well then next support is at 1.57.

Please dyodd.

 The results is so so!

NPI is up 1% to 179.2m.

Finance costs increase 6.1% to 54m.

Distribution income is down 2.4% to 114.7m.

Dpu of 2.18 cents versus 2.25 cents last quarter. 

Occupancy rate is 95.7%.

Gearing 40.7%.

 Results is due on 31st July!

Is it a tell 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.

Venture Corporation - Wah, it seem like some buying activities spotted today, super oversold!

Wah, looks like a nice rebound is happening!

A nice white soldier spotted on the chart today.

Let's monitor and see how it progress for the next few sessions!

 Total Revenue is down 11.9% to 1582.2m.

Net profit of 140m is down 19.7% YOY. 

EPS of 0.48 . Estimating full year EPS of 0.98, PE is 14.6x .

Cash on hands increase from 812m to 895m.

Net cash position. Solid!

XD 1st September.  Pay date 14 Sept.

The outlook seems good!

Not a call to buy or sell!

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.

Quote: 

. On Aug 31, the blue-chip contract manufacturer acquired 25,000 shares on the open market for a total of $317,310.70 or $12.68 each.

Earlier this month on Aug 7, Venture acquired 100,000 shares at $13.92 each. This brings the total number of shares bought back under the current mandate to 125,000 shares, equivalent to 0.043% of the share base.

Frasers Cpt Tr - Chart wise, bullish mode! I think high chance she may reclaim 2.26 and rises higher tobtest 2.32.

TA wise,  bullish mode!

Short term wise,  I think she may likely conquer 2.26 and rises higher to test 2.32 than 2.35.

Please dyodd.

  

I think the Manager/sponsor has done the right thing to pare down the debts. 

I think this is rather encouraging and should be able to weather out this higher interest rate environment!

Not a call to buy or sell!

Pls dyodd. 

Divestment of the Changi Mall at 338M , Citi Analyst upgrade to buy with a price target of 2.51, Awesome!

Quote :

Citi Research analyst Brandon Lee has upgraded his call on FCT to “buy” given its improved gearing to 37.1%, making the REIT the lowest-geared retail Singapore REIT (S-REIT) among the REITs within his coverage.

FCT’s move will also give it sufficient debt headroom to make potential acquisitions that are accretive to its distribution per unit (DPU), Lee adds.

The recovery of retail revenue after Covid-19 is also another plus for FCT in the analyst’s book.

With all that in mind, Lee has increased his target price to $2.51 from $2.30. His new target price has an implied P/B of 1.08x in-line with FCT’s five-year pre-Covid-19 mean of 1.09x.

Chart wise,  bullish mode!

A nice breakout of 2.26 smoothly plus good volume that may likely drive the price higher towards 2.30 than 2.35 and above!

NAV 2.32. Yearly Dividend is about 12.2 cents. Yield is about 5.44% at 2.24. I think gd price level to monitor. 

Please dyodd.