Ezotop

Saturday, February 3, 2024

Mapletree Log Tr - I think boat is back! At 1.53 yield is about 5.89 percent for this Logistics reit giant of which I think she is trading at a great discounted price ! Do take note!

  Mapletree Log Tr  - I think boat is back! At 1.53 yield is about 5.89 percent for this Logistics reit giant of which I think she is trading at a great discounted price ! Do take note! 


Pls dyodd. 


Mapletree Log Tr  - 3rd quarter results is out! DPU is slightly higher at 2.253 cents versus 2.227 cents last year! Gross Revenue is flat!I think results is quite good considering the higher interest rate environment! 



Gross Revenue is up 2.1% to 184m.

NPI is up 1.2% to 159m.

Dpu would have been about 2.214 cents if without income support of 2.8m.

Occupancy rate of 95.9% seem good!

Gearing is slightly lower at 38.8%.

Positive rental reversion of 3.8%.

XD 31 Jan 2024.

Pls dyodd.


Friday, February 2, 2024

Wilmar Intl - She is looking rather weak and may likely go down to test 3.26 than 3.23 again! Breaking down of 3.23 would be rather Negative!

 TA wise, bearish mode!

High probability she may go down test 3.26 than 3.23 with extension to 3.0p.

Pls dyodd.



Results is due on 21st February. 

Chart wise,  bearish mode! 

She may likely go down to test 2.98/3.00.



Breaking down of 3.00 plus high volume she may go further down to revisit 2.80 Than 2.43. 

Pls dyodd.


 Wilmar Intl  - She has broken down 3.38 level seem rather Negative and may likely go down to test 3.00! Do take note!



Pls dyodd.


This piece of news reported on the media not sure will it affects the share price! Please dyodd.

Quote : A Chinese subsidiary of Asian food giant Wilmar International F34 0.29% has denied allegations by a city prosecution agency that one of its units was partially accountable for a trade fraud that led to a 5.2 billion yuan (US$725 million) loss for a state-owned company.

https://www.theedgesingapore.com/news/company-news/wilmar-unit-denies-involvement-alleged-china-palm-oil-fraud

Wilmar Intl  - She is drifting lower,  looks rather interesting! Likely to go down to test 3.39 again! Do take note!



 

Yearly dividend of 17 cents, yield is 4.94% at 3.44 of which i think  is quite a gd yield level!

Breaking down of 3.38 we may see sliding down toward 3.00.

Pls dyodd. 

Wah, crucial moment! 



I think is good to monitor and wait for market confirmation! 

Yearly dividend is 17 cents. Yield is 4.73%. NAV 4.22.

Pls dyodd.

  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.


 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.

Thursday, February 1, 2024

Lendlease Reit - Results is out! Gross Revenue is up 17.9 percent to 119.9m, NPI is up 22.2 percent to 93.3m ,Distribution Income is down 12% to 49.3m due to higher finance costs which was up quite a lot to 27m as compared to 7.3m last year. DPU is down 14.5% to 2.1 cents versus 2.5 cents last year.

 Lendlease Reit  - Results is out! Gross Revenue is up 17.9 percent to 119.9m, NPI is up 22.2 percent to 93.3m ,Distribution Income is down 12% to 49.3m due to higher finance costs which was up quite a lot to 27m as compared to 7.3m last year. DPU is down 14.5% to 2.1 cents versus 2.5 cents last year.




Gearing is 40.5%.

XD of 2.1 cents on 8th February. 

Pay date 27 March.

At 62 cents,  yield is about 6.7%.

Pls dyodd. 




Chart wise,  bullish mode!

As can be seen on the chart, Bull is in control and closed well at 60.5 cents crossing over the resistance at 60 cents,  looks rather positive!



Short term wise,  I think likely to rise up to test 64 cents than 65.5 and 68.5 cents.

Not a call to buy or sell!

Pls dyodd. 



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.

Wednesday, January 31, 2024

Great Eastern Holdings - Chart wise, she has retreated from 18.38 and went down to touch 17.50 this morning. Looks like the gains has more or less returning back to the market! Results is due on 26th February morning! Do take note!

  Great Eastern Holdings - Chart wise, she has retreated from 18.38 and went down to touch 17.50 this morning.  Looks like the gains has more or less returning back to the market! Results is due on 26th February morning! Do take note!



At 17.50, estimating yearly dividend of 90 cents,  yield is about 5.14%.

The yield is not bad! 

Pls dyodd.

Great Eastern  - She is pulling back for those that are waiting sideline to board! Healthy profit taking! 



She is back to 17.93. I think

17.80 might be a good pivot point. 

Results will be out on 26th February 2024. Dividend is coming!

Pls dyodd.


Great Eastern  - She is looking great fir a nice breakout at 18.00 and rises higher towards 18.28 than 18.80!Final dividend of about 55 cents for FY RESULT in Feb,Huat ah!



Beyond that, she may likely retest the recent high of 19.25.

Pls dyodd.


 Chart wise,  bullish mode!



If she is able to reclaim 18.00 smoothly we may likely see her rising up to test 18.50 than 19.18.

Pls dyodd.

Yield is about 5.08% at 17.73.

Pls dyodd.


Founded in 1908, Great Eastern is the most established life insurance group in Singapore and Malaysia. With over S$100 billion in assets and more than 15 million policyholders, including 12 million from government schemes, we provide insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm, Great Eastern Financial Advisers.

The Group also operates in Indonesia and Brunei and has a presence in China as well as a representative office in Myanmar.

Great Eastern is a subsidiary of OCBC Bank, established in Singapore since 1932. Our asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies.

Your trusted partner in general and group insurance

The Group's general insurance business is underwritten by its wholly-owned subsidiary, Great Eastern General Insurance Limited (GEG), formerly known as the Overseas Assurance Corporation Limited (OAC) founded in 1920.

Great Eastern General Insurance Limited (GEG) offers a wide range of commercial and personal line products and distributes its products through bancassurance, agents, brokers, financial advisors and direct channels.

GEG strives to make it easy for customers and intermediaries by providing them with responsive support, innovative products, fast claims and hassle-free enrolment. Our comprehensive suite of insurance solutions include Auto, Home, Travel, Personal Accident, Maid for retail customers and Small and Medium Business package and various Property and Casualty insurance for businesses.

Great Eastern is also one of Singapore’s top 3 insurers in the Group Insurance market and we provide insurance coverage for close to half a million employees and their families through our group insurance schemes.

With more than 40 years of experience in the Group Insurance and a subsidiary of OCBC Bank (the longest established Singapore bank, formed in 1932), our products are well received and trusted by HR professionals in the region with its financial strength and stability.
 

A leader in bancassurance

Great Eastern became the first insurer to establish a bancassurance network in Singapore in an exclusive partnership with OCBC Bank in 1992. Since then, we have strengthened our partnership and continue to be a market leader in bancassurance as we develop new growth opportunities in this area, to deliver our quality solutions and customer service with convenience to OCBC customers.
 

Great Eastern properties

Properties are an important part of the Great Eastern Life Assurance Co. Ltd, portfolio. We offer a selection of residential, commercial and retail units available for lease throughout Singapore.

Tuesday, January 30, 2024

CapLand IntCom Tr - She is slowly climbing up again and managed to touch 2.02, looks rather positive! A nice breakout of 2.02 smoothly we may see her revisiting 2.08 again!

  CapLand IntCom Tr  - She is slowly climbing up again and managed to touch 2.02, looks rather positive! A nice breakout of 2.02 smoothly we may see her revisiting 2.08 again! 




 Quote: 

Temasek's Fullerton acquires 795,700 units in CICT at $1.9019 each.



Looks like they are seeing price trading at an attractive price level.

Likely to rise up to test 2.09 than 2.16.

Pls dyodd.


CapLand IntCom Tr - Fantastic! She has managed to cross over 1.91 smoothly and closed well at 2.01, this bullish momentum may likely continue to rise higher towards 2.09-2.10.



Huat ah!

Pls dyodd.

Hosey! She is going to Gap up and run away! 

Likely to cross over 1.91 smoothly and rises up towards 2.00 than 2.07.



Pls dyodd.

Fed Holds Rates Steady, Indicates Three Cuts Coming in 2024

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

The Dow Jones industrial average hit its first record closing high since January 2022 and the S&P 500 and Nasdaq rallied more than 1% each on Wednesday after the Federal Reserve signaled that its interest rate-hiking policy is at an end and that it sees lower borrowing costs in 2024.


 When will she be able to overcome the resistance at 1.90! A nice breakout smoothly plus high volume would likely see her rising up to 1.95-1.97 than 2.07.



Pls dyodd. 


Looks like she may cross over the resistance at 1.90 any moment! 



Pathing way foe 1.95 than 2.00 with extension to 2.09.

Pls dyodd.


  Chart wise,  bullish mode!



Short term wise,  she may likely rise up to test 1.90 Tyan 1.95 with extension to 2.07-2.09.

Not a call to buy or sell!

Please dyodd.

It seems like it is having a temporary rebound as the volume is still low not so convincing!



Pls dyodd. 


At 1.69, yield is about 6.27% of which I think is quite a gd yield for this giant retail cum grade A office reit.




NAV 2.12.

3rd quarter Results update will be out on 26th October. 

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.


Keppel Infra Tr - Results is out! Record Distribution Income, up 42 percent to 316.8m,Dividend increase 62 percent to 6.q9 cents including special dividend! Balance dividend of 0.96 cents for this round! But Operating profit is 33% lower than last year 2nd Half results!

 Keppel Infra Tr  - Results is out! Record Distribution Income,  up 42 percent to 316.8m,Dividend increase 62 percent to 6.q9 cents including special dividend! Balance dividend of 0.96 cents for this round! But Operating profit is 33% lower than last year 2nd Half results! 





At 50.5 cents,  yearly dividend of 3.84 cents. Yield is about 7.6 percent.  I think she is trading at Fully price value.

Xd 6th February. 

Pay date 15th February. 

Pls dyodd.



Monday, January 29, 2024

CapLand China Trust - 2nd Half results is out, dpu is down 11.8 percent to 3 cents versus 3.4 cents last year! Gearing 41.5 percent!

 posts 5.3% YoY  growth in net property income for

FY 2023, boosted by contribution uplift in 2H 2023




— 2H 2023 NPI grew by 10.5% YoY

— FY 2023 distributable income of S$113.9m (down 9.4%) and DPU of 6.74 cents (down 10.1%), impacted by foreign currency translation arising from SGD strength against the RMB as well as higher interest expense.

— gearing 41.5-%, with no refinancing needed till 2025

— ave cost of debt 3.57% with 82% debts on fixed.


NaV 1.21.


Yield is about 8.1% at 83 cents. 


Results is not good! 


Pls dyodd.