Ezotop

Saturday, October 7, 2023

Mapletree Ind Tr - I think GSS is here! Gearing is 37.4%, yearly dividend of 13.4 cents, yield is more than 6% for this index reit counter seem like great price is back!

Quote : 

Mapletree Industrial Trust has been kept at "buy" by UOB Kay Hian's Jonathan Koh, along with a revised target price of $2.76, slightly higher from $2.74 indicated earlier.

https://www.theedgesingapore.com/capital/brokers-calls/uob-kay-hian-maintains-buy-call-mapletree-industrial-trust

I think boat is back! 






At 2.19, yield is about 6.1% estimating yearly dividend of 13.4 cents.

NaV 1.86. Gearing is below 40%.

Chart wise, looks like she may go down to test the recent low of  2.17.

Next quarterly results will be out on 25th October,  dividend is coming!

Not a call to buy or sell!

Please dyodd.

  

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



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

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



NAV is about 1.8653.

Yearly dividend of about 13.4 cents.

Yield is about 6% at 2.21.



Occupancy rate is 94.9%.

Gearing 37.4%.

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

Looks like gd price is back!

Not a call to buy or sell!


Please dyodd.


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

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

Immediate support is at 2.17.

Please dyodd.


Friday, October 6, 2023

DBS Group - It looks like some buying interest that help to push up the price +52 cents to close at 33.79! Cautious mode!



  Chart wise, She is still stucked in a consolidation mode price patterns! We can see many overheads resistance ahead between 33.99 to 34.50. I think limited upside! Is never wrong to lock in profit! 

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

Thursday, October 5, 2023

Frasers Cpt Tr - Wow! The great sales is here! This rare gem is trading at 2.06 yielding 5.92% seems rather interesting!

 The selling down has been too drastic!

At 2.06, yield is 5.92% for this retail reit counter that is fundamentally sound of which I think golden opportunity is here!




Chart wise, it may well go down to revisit 2.00.

next support is at 1.89-1.90.

Not a call to buy or sell!

Please 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.

Wednesday, October 4, 2023

Mapletree Log Tr - wow! Looks like gd price is back! At 1.60, yield is avout 5.6% for this giant logistics reit counter looks rather interesting!

I think gd price is back!

At 1.60, yield is about 5.6% which is quite a decent yield level for this giant Index logistics reit counter. 



She has managed to bounced off from 1.58 and stay above 1.60 support level looks rather encouraging and a gd pivot entry point.

Not a call to buy or sell!

Please dyodd.

US Fed may pause the rate hike in September and postpone to November 2023 I think this may temporarily give market chance to rise after the prolonged selling down for gd reit counter.  

Pls dyodd. 

I think she has more or less hit the bottoming price. Yield is of 5.5% is quite good!

Please dyodd.

 Closed at 1.64 after went ex.dividend looks like gd price is back!



At 1.64 , yield is about 5.5% which is quite a gd yield level for this blue chips index reit. 

Chart wise,  A nice pivot point is at 1.60 - 1.63.

Not a call to buy or sell!

Please dyodd.

 XD 1st August,  2.037 cents dividend.  

Price is down 3 cents to 1.70.

I think profit taking before going Xd.

Heng  ah, I have locked in kopi money this morning at 1.74.

Pls dyodd.


 Distribution income increased 3.1% to 112m.



Dpu increased 0.1% to 2.271 cents.

Occupancy rate 97.1%.

4.1 % rental reversions.

I think the results is not bad at least dpu is still up a little bit.

 


The power of CD! 

She is gaining strength and likely rise up to reclaim 1.75.

 Indeed, she has managed to reclaim 1.67 and rises higher to touch 1.71 looks rather bullish!



Likely to rise up further to test 1.75 and above.

Please dyodd.

Mapletree Logistics Trust (“MLT”) is Singapore’s first Asia-focused logistics real estate investment trust. Listed on the Singapore Exchange Securities Trading Limited in 2005, MLT invests in a diversified portfolio of quality, well-located, income producing logistics real estate in Singapore, Hong Kong SAR, Japan, China, Australia, South Korea, Malaysia, Vietnam and India.




The Manager, Mapletree Logistics Trust Management Ltd., is committed to providing Unitholders with competitive


total returns through the following strategies:

  1. optimising organic growth and hence, property yield from the existing portfolio; 
  2. making yield accretive acquisitions of good quality logistics properties; and
  3. managing capital to maintain MLT’s strong balance sheet and provide financial flexibility for growth.
Recent acquisition of 6 logistics assets in Japan and a logistics assets in Korea.  


Portfolio Overview



Our properties, built to modern building specifications, are strategically located near to major expressways and established logistics clusters in nine geographic markets across Asia Pacific.

The Manager, Mapletree Logistics Trust Management Ltd., is committed to providing Unitholders with competitive total returns through the following strategies:

  1. optimising organic growth and hence, property yield from the existing portfolio; 
  2. making yield accretive acquisitions of good quality logistics properties; and
  3. managing capital to maintain MLT’s strong balance sheet and provide financial flexibility for growth.

Our Vision

To be the preferred real estate partner of choice to customers requiring high quality logistics and distribution spaces in Asia-Pacific. 

Our Mission

To provide Unitholders with competitive total returns through regular distributions and growth in asset value. 

As a REIT established in Singapore, MLT is constituted by the Trust Deed. A copy of the Trust Deed can be inspected at the registered office of the Manager,which is located at 10 Pasir Panjang Road, #13-01 Mapletree Business City, Singapore 117438, subject to prior appointment.

 TA wise, she is still quite weak! 

Need to reclaim 1.67 in order to reverse this


 downtrend and rises higher!

Yearly dpu of 9 cents, yield is 5.5% of which I think is quite good! 

Gearing is below 40%. Market cap is about 8.225b. 

Please dyodd.

She is rising up to test 1.67 soon. Now trading at 1.65 to 1.66 as of 12th July 1.12pm. Awesome! 


CapLand Invest (9CI.SI) - The company has started to buy back share from 3.02 onwards looks like current price may be a gd pivot point.


 Nibbled a bit at 3.03.





 I think good opportunity is back! 





At 3.03, yield is about 3.96%. Immediate support is at 3.00-2.98. She has managed to stay above the recent low of 3.02. If 3.00 cannot hold then we may see her going down to test 2.95 than 2.85.

Not a call to buy or sell!

Please dyodd.

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.





Tuesday, October 3, 2023

Wilmar Intl - Chart wise, bearish mode! High probability she may breakdown 3.60 and ho further down to test 3.53

 TA wise,  bearish mode!




If 3.60 cannot hold the high chance she will go down to test 3.53/3.50. Breaking down of 3.50 plus high volume we may likely see her going down to test 3.28 than 3.00 and 2.94.

Pls dyodd. 


Wilmar Intl  - Results is out Net profit is down 52.7% to 550m, Total Revenue is down 10% to 32538m.



Declared same interim dividend of 6 cents. 

Lower contribution from Food and Feed and I industrial products despite higher sales volume. 

Free cash flow of 1.89b.

I think the results is not bad!

Let's see how she fares next week!

Please dyodd.

 Looks like she has managed to bounce-off from the low of 3.59 and rises higher to close well at 3.81, looks rather interesting!



Short term wise  I think she may rise up to test 3.90. If it cannot stay above 4.00 then high chance it may roll down again! 

Let's monitor and see how it turns out!

Results is due on 11th August. 

Pls dyodd.


 Indeed,  she has come down to cover the Gap at 3.59. Looks rather interesting!



I think high probability we may see a rebound!

At 3.59, yield is about 4.73%. I think yield is quite decent! To get 5% yield, we will need to wait for 3.40 to come back! 

Please dyodd.


 Wah, looks like she is falling down to test 3.75 level soon! 



If 3.75 cannot hold, next , she might be going down to fill the Gap at 3.59.

Please dyodd.

 Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange.


At the core of Wilmar’s strategy is an integrated agribusiness model that encompasses the entire value chain of the agricultural commodity business, from cultivation and milling of palm oil and sugarcane, to processing, branding and distribution of a wide range of edible food products in consumer, medium and bulk packaginganimal feeds and industrial agri-products such as oleochemicals and biodiesel. It has over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries and regions. Through scale, integration and the logistical advantages of its business model, Wilmar is able to extract margins at every step of the value chain, thereby reaping operational synergies and cost efficiencies. 

Supported by a multinational workforce of about 100,000 people, Wilmar embraces sustainability in its global operations, supply chain and communities. 


An Expanding Global Footprint:

From its humble beginnings, Wilmar has today become a global leader in processing and merchandising of edible oils, oilseed crushing, sugar merchandising, milling and refining, production of oleochemicals, specialty fats, palm biodiesel, flour milling, rice milling and consumer pack oils:

  • Largest edible oils refiner, specialty fats and oleochemicals manufacturer as well as leading oilseed crusher, producer of consumer pack oils, flour and rice and one of the largest flour and rice millers in China
  • One of the largest oil palm plantation owners and the largest palm oil refiner and palm kernel and copra crusher, specialty fats, oleochemicals and biodiesel manufacturer in Indonesia and Malaysia
  • Largest producer of branded consumer pack oils in Indonesia
  • Largest branded consumer pack oils, specialty fats and oleochemicals producer and edible oils refiner as well as leading oilseed crusher, sugar miller, refiner and ethanol producer in India
  • One of the largest investors in oil palm plantations, one of the largest edible oils refiners and producers of consumer pack oils, soaps and detergents as well as third largest sugar producer in Africa
  • Largest raw sugar producer and refiner, a leading merchandiser of consumer brands in sugar and sweetener market and largest manufacturer of bread, spreads and sauces in Australia
  • Leading refiner of tropical oils in Europe.
First quarter 2023 Financial No. update :

The Group reported net profit of US$391.4 million and core net profit of US$381.9 million for the quarter, with stronger sales volume recorded in both Food Products and Feed & Industrial Products segments. Excluding the gain on dilution of interest in Adani Wilmar Limited of US$175.6 million recognised in 1Q2022, the Group reported a growth in net profit of 10.3%, while core net profit grew by 16.5% during the quarter. 




Despite the challenging operating conditions, the Group managed to deliver a satisfactory set of results for 1Q2023. Higher volume of sales was achieved across all businesses. Sugar milling and merchandising did well with higher sugar prices. Oilseed crushing did better due to higher volume and good coverage of raw materials. Food Products segment saw an overall increase in volume of sales, largely due to higher medium pack and bulk products sales, particularly in China. Plantation profit was reasonable even though palm oil prices came down significantly from the peak. Shipping performed well but palm oil refining margin was poor. 

Cash Flow & Balance Sheet The stable performance for the quarter led the Group to generate higher operating cash flows before working capital changes of US$756.1 million. With the decline in commodity prices and seasonal reduction in overall inventory balance during the quarter, working capital requirements for the Group decreased accordingly, leading to lower net debt of US$17.27 billion as of 31 March 2023 (31 December 2022: US$18.75 billion). Consequently, net gearing ratio for the Group improved to 0.84x as of March 2023 (FY2022: 0.94x). This led to the Group generating strong cash inflow from operating activities of US$2.17 billion in 1Q2023. At the end of the reporting period, the Group had unutilised banking facilities amounting to US$26.32 billion. 

Outlook Results for the quarter ended 31 March 2023 were satisfactory, despite the uncertain macro-economic outlook at the start of the year. With our diversified and integrated business strategies, we are cautiously optimistic that performance for the rest of the year will remain satisfactory. 

The company paid out Final dividend of 11 cents + interim dividend of 6 cents, total 17 cents for FY 2022. The current share price is $3.97, yield is about 4.28% of which I think is quite a decent yield!

Chart wise, bearish mode!
She may likely continue to trend lower!





Short term wise, I think likely to go down to test 3.90.
Breaking down of 3.90 plus high volume that may likely see her falling down further towards 3.75 then 3.46 level.

Please dyodd.

Sembcorp Industries - TA wise, Bearish mode! Likely to go down tovtest 200 days MA at about 4.55 !

Chart wise,  bearish mode!

What goes up high will eventually come down at a greater speed!.



NAV 2.52.

Yearly dividend of 8 cents. Yield is about 1.6%. The yield is peanut!

I think it has overrun its fundamentals and rise to a high of 6.09. Is good to be corrected and it is now heading to test 200 days MA at about 4.50-4.55.

Pls dyodd.


Sembcorp Industries (Sembcorp) is a leading energy and urban solutions provider, driven by its purpose to do good and play its part in building a sustainable future.

Headquartered in Singapore, Sembcorp leverages its sector expertise and global track record to deliver innovative solutions that support the energy transition and sustainable development. By focusing on growing its Renewables and Integrated Urban Solutions businesses, it aims to transform its portfolio towards a greener future and be a leading provider of sustainable solutions.

Sembcorp has a balanced energy portfolio of 19.4GW, with 11.9GW of gross renewable energy capacity comprising solar, wind and energy storage globally. The company also has a proven track record of transforming raw land into sustainable urban developments, with a project portfolio spanning over 13,000 hectares across Asia.

Sembcorp is listed on the main board of the Singapore Exchange. It is a constituent stock of FTSE Russell Index, MSCI Singapore Index, Straits Times Index as well as sustainability indices including FTSE4Good Index, iEdge SG ESG indices and several MSCI ESG indices.


More sustainable 
By 2025, we aim for its sustainable solutions portfolio to comprise 70% of the Group’s net profit, up from around 40% in 2020. We also aim for our renewable energy portfolio to achieve a compounded annual growth rate (CAGR) of 30% and our integrated urban solutions portfolio a 10% CAGR by 2025. 

More renewables
By 2025, we aim to quadruple our gross installed renewable energy capacity to 10GW, up from 2.6GW at the end of 2020.

More sustainable urban developments
By 2025, we aim to triple land sales from our urban business to 500 hectares, up from 172 hectares in 2020.

Lower carbon emissions
- By 2025, we aim to reduce our GHG emissions intensity to 0.40 tonnes of carbon dioxide equivalent per megawatt hour (tCO2e/MWh) from 0.54tCO2e/MWh in 2020
- By 2030, we aim to reduce our absolute GHG emissions (Scope 1 and 2) by 90% to 2.7 million tCO2e from 26.5 million tCO2e in 2020
- We aim to deliver net-zero emissions by 2050

As a Group, we commit to no new coal-fired energy asset investments.

In line with our strategic plan, we also reaffirmed our commitment to the UN Sustainable Development Goals (SDGs) of SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).



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 ...