Saturday, November 25, 2023

CapitaLand Ascott trust - She is gaining strength and lively rise up to test 96 cents again! A nice breakout smoothly would likely see her rising up towards 1.00-1.05.

Closed well at 94 cents last Friday looks like Bull is in control!

I think she is rising up to reclaim 96 cents again! 

A nice crossing over with ease would likely see her rising up to revisit 1.00 to 1.05.

Pls dyodd.

Chart wise, she is gaining strength! 

I think likely to rise up to test 96 cents again! 

A nice breakout smoothly may likely see her rising up towards 1.00 and 1.03.

Pls dyodd.

 30th October Update:

3Q 2023 gross profit increased 13% YOY, rose to 103% of 3Q 2019 pro forma gross profit

— Increase in revenue mitigated higher operating and financing costs

— 3.48 cents in DPS paid for 1 Jan 2023 to 13 Aug 2023, Advanced distribution of 0.701 cents was paid for the period 1 Jul 2023 to 13 Aug 2023

— gearing 35.2% with low effective borrowing cost of 2.4%

— 83% debt on fixed rate, with 50% hedged in foreign currency

Estimating a full year dividend of 6.08 cents. 

At 92 cents, yield is about 6.6% plus the Gearing is low I think the company would be able to weather through this high interest rates environment! 

I think current price seem a good yield level. 

Not a call to buy or sell. 

Indeed,  she has gone down to test 0.88.

I think likely to see a rebound from here!

nAV 1.138.

Yearly dividend of about 5.3 cents. 

Gearing 39%.

I think gd price is back! 

Pls dyodd. 

Chart wise,  bearish mode!

The recent PO price of 1.025 is trading a great discount to the current price of 0.915! 

Those took up the PO is having paper loss.

But on the other hand, I think gd price is back! 

NAV is about 1.138.

Yearly dividend is about 5.3 cents.

I think Gearing is below 40%.

Immediate support is at 0.915.

Next support is at about 0.88.

Not a call to buy or sell!

Please dyodd.

Friday, November 24, 2023

SSB ( Singapore Saving Bond) - Applied to secure the 10 years Average interest of 3.4 percent, Awesome! Deadline, last day to apply is this coming Monday 27th November.

I think is a great interest yield of 3.4% doe this fixed income product! It is backed by the gov. 

Applied this morning to secure some!

Gd luck to All!

Pls dyodd.

I am going to apply by this weekend for December SSB offering average interest rate of 3.4% foe 10 years. Seem a very good yield to me higher than CPF OA. 

Please dyodd.

 Wah, Dec batch is yielding 3.4% average for 10 years , seems good! 

Last day to apply is on 27th Nov 2023.

Offered Amount 1Billion.

Surely can get some.

Pls dyodd.

Results is out! I have secured fully for my application,  swee! 

Those who applied all being alloted with either 47,000 or 47,500. Bravo!

Waiting for next month announcements rate for December! I think might be the same or slightly higher.  

Last day to apply is on 26th October!

Pls dyodd.

 Stocks market is volatile! 

I think good time to Apply a bit for Nov series to secure a fixed average yield of 3.32 % which is much higher than CPF OA. 

Please dyodd. 

Wah, Nov series average interest of 3.32% is higher than Oct interest of 3.16%, awesome!

I think likely to see an overwhelming response! 

Total amount Offered is 1b. I think surely can get some.

Last day to apply is on 26th Oct.

Pls dyodd.


A safe and flexible way to save for the long term!

 I think is a very gd fixed interest income that is even higher than AH Kong OA interest of 2.5%.

I have applied for this Oct 2023 of which I think is

quite a gd yield for me!

Please dyodd.

 Wah, average 3.16 percent for Oct 2023 SSB, very good interest rate with little or no risk fixed income.  

Tomorrow last day to apply for Oct 2023 series. 

I have already applied hope for the Best! 

Don't miss out!

Last day to apply 26th Oct 2023.

Amount Offered - 800m.

Huat ah!

Please dyodd.

 This month average 2.99% interest for 10 years duration  is not bad! 

Application Start from 3rd July to 26th July 

I have been redeeming the old batch from 2018 and 2019 and re-apply for higher interest %. 

This is the best option/flexibility for SSB.

 Results is out for July SSB. All fully alloted!

Is under subscription for the total issurance of 600m.

 Singapore Saving Bond - one of the best option to park your cash to earn a higher interest that spread across 10 years.

This month bond offering start from 1st June 6pm onwards to 26 June 2023 9pm.

10 years average interest rate is 2.82%. Is quite good! 

SBJUL23 GX23070H in your CDP statement
Interest payment will be reflected as CDP-SBJUL23 in your bank statement
GX23070H in your SRS statement.

A safe and flexible way to save for the long term

The monthly issuance size of the Singapore Savings Bond (SSB) programme is S$600 million for this month. For more details, refer to the media release.

 Interest rate is Based on the table rate reflected on the website.
At the end of each year, on a compounded basis.


Application may apply through: DBS/POSB, OCBC and UOB ATMs and Internet Banking and SRS. CPF funds are not eligible.

Invest amount : You can invest a minimum of $500, and in multiples of $500. The total amount of Savings Bonds held across all issues cannot be more than $200,000.

Interest Payment dates : Upcoming payment: 01 Jan 2024
Subsequent payments (until maturity): Every 6 months on 01 Jul and 01 Jan

Each Savings Bond has a term of 10 years and pays interest every 6 months. Savings Bonds cannot be traded like conventional bonds or shares. Interest income is exempt from tax. Only individuals above 18 years old can apply.

Savings Bonds are fully backed by the Singapore Government. And because the bonds can always be redeemed for the full amount invested, investors are protected against capital losses when interest rates change. This makes them one of the safest possible investments for individuals to hold.

Save up to 10 years, and earn interest that “steps up” or increases over time. Hold your Savings Bond for the full 10 years and receive an average interest per year that matches the return from 10-year Singapore Government Securities yields, which has generally been between 2%-3%.

Flexible : 
 Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start.

Just received my interest this month, awesome! 

Ocbc Bank - She is rather weak! Likely to breakdown 12.60 and go further down to test 12.20 and 12.00. What Goes Up High will Come down eventually.


Ocbc Bank - She is rather weak! Likely to breakdown 12.60 and go further down to test 12.20 and 12.00.

Ocbc Bank - 3rd quarter results is out! Net profit is up 21% to 1.81b. 

9 month Net Profitis up 32% to 5.4b(record Profit). 
Net interest income is up 17% to 2.46b.
Net interest margin is up 2.26%.
It looks like NIM is still able to achieve +1bp for 3rd quarter.  

I think results is good but market doesnt seem to like it as the price has turned lower , down 12 cents to 12.94! Cautious mode!

30th October 2023:

 Chart wise,  bearish mode!

If 12.68 cannot hold,  most probably we may see her drifting lower to test 12.40 than 12.19 and 12.00.

Not a call to buy or sell! 

Pls dyodd.

 Last Friday closed lower at 12.79 with a Gap Down looks rather negative! Likely to see further selling down pressure!

Short term wise,  I think likely to go down to test 12.60 than 12.41 . Next she may go further down to test 12.17 than 12.00.

Please dyodd.

TA wise, bearish mode!

I think likely to go down to test 12.17 than 12.00.

Please dyodd. 

Chart wise,  bearish mode!

I think likely to go down to revist 12.00 than 11.80.
Please dyodd.

 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.

Thursday, November 23, 2023

Nikkoam stc Asia REIT ETF - Train engine is warming up and anytime may go full speed ahead! This REIT ETF covers most of the famous reit counters which is one of the ETF great to be in our Portfolio! Quarterly dividend payout of about 1.31 cents, Awesome!

Nibbled a bit at 0.801. Nice yield of about 6.5%!

Chart wise, she is slowly recovering from the low of 0.73+ looks rather positive!

Pls dyodd.

NikkoAM-STC Asia REIT ETF (CFA.SI) - She is yielding 6.49% at 0.801, Quarterly dividend, I think is a good yield level to take note! 

It covers most of the index reit like CapitaLand Integrated Commercial Trust,  CapitaLand Ascendas REIT,  Mapletree Ind Tr,  Mapletree Logistics Trust,  Frasers L&C Tr etc.

Chart wise, it has managed to bounce-off from the low of 73.6 cents and closed well at 0.802, looks rather bullish!

If this bullish momentum continue we may likely see her rising up further towards 90 cents and above. 

Not a call to buy or sell!

Please dyodd.

Lendlease Reit - Chart wise, bullish mode! Need a Nice breakout of 60 cents smoothly in order to rise up further towards 64 than 66 cents !

 Is getting interesting!

She needs a nice crossing over of 60 cents in order to rise up further towards 64 than 66 cents! 

Pls dyodd. 

Chart wise,  bullish mode!

It has rebounded nicely from the low of 49.5 cents and closed well at 57.5 cents looks rather bullish!

Short term wise,  I think likely to rise up to reclaim 59.5-60 cents and rises higher to revisit 64 cents than 66 cents!

Please dyodd.

3rd quarter results update. 

No financial numbers is being mentioned on the update!

Mainly saying occupancy is the same as last quarter 99.9%. ICR 3.9% seem not bad! 

Gearing has edged up to 40.6%. I think financial costs may increase again! 

Pls dyodd. 

Chart wise, it has managed to bounce-off from 49 cents to close at 55.5 cents seems rather positive! 

Immediate resistance is at 57 cents. 

let's see how market react tomorrow!

 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.

Venture - She is gaining momentum and likely rise up to test 15.25! AGM is on 26th April, final dividend is coming! Yield is more than 5 percent for this blue chips counter, nice!

Venture  - She is gaining momentum and likely rise up to test 15.25! AGM is on 26th April, final dividend is coming! Yield is more than 5 pe...