Ezotop

Saturday, February 10, 2024

Mapletree PanAsia Com Tr - I think boat is back! At 1.39, yield is about 6.4 percent, NAV 1.73, Gearing is slightly above 40 percent. Do take note!

Mapletree PanAsia Com Tr  - I think boat is back! At 1.39, yield is about 6.4 percent,  NAV 1.73, Gearing is slightly above 40 percent. Do take note! 



One of the index reit counter that is yielding more than 6.3% I think might be a good pivot point! 

Pls dyodd. 


  Mapletree PanAsia Com Tr  - 3rd quarter results is out! Gross Revenue is up 0.8 percent to 241.5m, NPI is up 1.7% to 182.4m but Distribution is down 9.1% due to higher finance costs increasing 14%. Gearing 40.8%. 





Occupancy rate 96.7%.

XD 5th February. DIVIDEND 2.2 CENTS.

Pay date 14th March.  

I think results is so so. 

PLS dyodd. 


 — gross revenue and NPI both gained 10.1% and 8.7% YOY for 2Q24

— DPU down 8.2% YOY to 2.24 cents

— portfolio occupancy 96.3%

— gearing 40.7% with 79.9% debt on fixed

— Stable financial performance: Singapore drove growth with better performance while largely stable contributions from overseas properties were weighed down by stronger SGD

— Festival Walk: Sustained revenue supported by near full occupancy, shopper and tenant sales recovery, and continued progress towards rental stabilisation



 





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.




Friday, February 9, 2024

UOB - Last Thursday again it has gone down to test 27.95 and bounce-off to close at 28.14, looks like Bear is in control! I think likely to go down to retest 27.95 and if it cant hold, next, we may see her test 27.83 than 27.60 and 27.20. Do take note!

  UOB - Last Thursday again it has gonw down ti test 27.95 and bounce-off to close at 28.14, looks like Bear is in control! 



I think likely to go down to retest 27.95 and if it cant hold, next, we may see her test 27.83 than 27.60 and 27.20. Do take note!

Pls dyodd. 


UOB - Today bank counter rebound,  looks like reporting season cum dividend is driving the price to rise higher. Immediate resistance is at 27.83! Do take note!



breaking out of 27.83 she may likely rise up to reclaim 28.00 tham 29.40.

Pls dyodd.


 I think she may go down to test 27.95 again! 



FY results cum final dividend is coming!

I think market is estimating a higher Final dividend of 85 cents same as the interim dividend.  

Pls dyodd.


Added a bit today at 27.08 aiming for kopi money!








Last sold off at 29.60! At 27.08, yield is about 5.9%. 

If they boost it up the Final dividend to 0.85 same as the interim than we can see the yield of more than 6.2%. 

Pls dyodd. 

26th October 2023:


Gap down after the results announcement it seems like market is not in favor of the financial numbers! 

I think high probability of going down to test 27.00.

Pls dyodd.

3rd quarter results is out! 

Net interest income of  2429 is slightly lower as compared to 2nd quarter 2437m.









Other non-interest income of  436m is down 25% as compared to 2nd quarter of 581m. 

Net profit of 1382m  is down 2% as compared to 2nd quarter of 1415m and down 1% as compared to last year of 1403m.

I Think Results is not bad!

Pls dyodd. 

 TA wise,  bearish mode!

Look at the chart direction!

The trend is your friend!

Don't goes again the wrong direction!

I think market give ample notice to lock in profit! 

Short term wise,  she is heading down to test 27.13 than 26.98. 




Breaking down of 26.98 may see her sliding down toward 26 than 25 with extension to 23.75.

Pls dyodd.



Chart wise,  it has not been able to breakout of the bearish trend and likely see her drifting lower to retest 27m64 than 27.13 and 27.00.

Pls dyodd.


Chart wise,  bearish mode!



Short term wise,  I think likely to go down to test 28.00 than 27.64. 

Breaking down of 27.64 we may see her drifting lower towards 27.13 than 26.98.

Please dyodd.


 TA wise, bearish mode!



I think high chance for her to breakdown 27.63 that may present a good candidate for shorting! 

Breaking down of 27.63 plus high volume she may likely go lower to test 27.13 than 26.98.

NAV 25.13. This might be a gd pivot entry point for long term horizon.  

Not a call to buy or sell!

Please dyodd. 

 Chart wise,  bearish mode!

Sold down after Ex.dividend of 0.85 on a few days ago from 29.82 to close at 28.62, it has retreated more than its dividend of 85 cents! 



Short term wise,  I think likely to go down to test 28.00 than 27.13/27.00.

Not a call to buy or sell!

Please dyodd.


Thursday, February 8, 2024

Great Eastern Holdings - This insurance company is looking great to consider to accumulate at current price level which is trading near historical support level . A subsidiary company of OCBC bank! 3rd quarter results was good, therefore can look forward for the Final dividend of 55 cents on 26th February! Do take note!

   

Great Eastern Holdings  - This insurance company is looking great to consider to accumulate at current price level which is trading near historical support level . A subsidiary company of OCBC bank! 3rd quarter results was good, therefore can look forward for the Final dividend of 55 cents on 26th February! Do take note! 


Re-entered at 17.58 waiting for the FY results to be released on 26th February morning!

Pls dyodd. 


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.

Wednesday, February 7, 2024

Venture - Today she has a Nice breakout and cleared the 200 Days Moving Average, Fantastic! Pathing the way for further upwards movement towards 15.00 and above! Do take note!

   Venture - Today she has a Nice breakout and cleared the 200 Days Moving Average,  Fantastic! Pathing the way for further upwards movement towards 15.00 and above! Do take note! 



Finally,  she has conquered 14.00 resistance level turned suppor! Likely to rise up to test 15.00 than 15.30 level.

She is due to report her results on 22nd February! 

Pls dyodd.

Venture  - Chart wise   bullish mode! She is looking great to rise up to reclaim 13.98/14. Do take note! 


A nice breakout of 14.00 plus good volume would likely see her rising up towards 14.23 than 15.00.

Pls dyodd.

Lai ah, she is rising up nicely to test 14.00 Than 14.23. I think Bull is in control ! Beyond that, we may see her revisiting 15.00 !



Pls dyodd.


 Update: VENTURE  - Nice Breakout at 13.51 this morning,  I think she is soaring higher towards 14.23. Next,  she may rise up to test 15.30. Please take note!



Pls dyodd. 


Chart wise,  bullish mode!



She has managed to stay above the 100 days MA and closed well at 13.30 looks like Bull is in control!

Short term wise,  She is likely to rise up to test 13.54 than 14.51 and 15.06.

At 13.30, yield is 5.63% for this blue chips counter which is a 

Pls dyodd. 


Yesterday,  closed well at 13.02 plus high volume Up 49 cents looks rather bullish!



I think likely to clear 13.15 and rises higher to 14 than 14.30 with extension to 16.38.

Pls dyodd.


Quote:

VENTURE Corporation said on Thursday (Nov 30) that its board of directors has established a share buyback plan to purchase up to 10 million ordinary shares of the company.

This plan was authorised by the board on Nov 29, following the approval of Venture’s shareholders of the share purchase mandate at the annual general meeting on Apr 27, the company said in a bourse filing.

Under the mandate, the company can buy up to about 14.5 million shares, which translates to 5 per cent of the total number of issued shares of the company as at the date of the mandate.


Solid! This company cash rich therefore is able to buy back share! Awesome!


Likely to see price rising up to test 13.30 soon!

I am Targeting it can reach 15 to 16 dollars.  


Pls dyodd.

21st November 2023:

 TA wise, she is gaining strength and likely rise up to reclaim 13.30.



A nice crossing over of 13.30 smoothly we may likely see her moving ip towards 14.25.

Pls dyodd. 

Chart wise,  bullish mode!

I think she may rise up to test 13.30.



A nice breakout smoothly plus high volume we may see her rising up to test 15.10 than 16.00 and 16.40.

Yearly Dividend is 0.75.

Yield is 5.88% at 12.88.

Pls dyodd. 


TA wise, bullish mode!

This morning she has manged to cross over the resistance level at 12.50 plus good volume this is rather positive!



Short term wise,  I think likely to rise up to test 13.00 than 13.30 with extension to 14.00 than 14.36.

Not a call to buy or sell!

Pls dyodd. 





The recent 3rd quarter results is within expectations. 

9 months Net Profit is down 25.2% to 203.3m.

Net cash on hands increase to 956.5m.

I think cash per share is more than 3.00.




Tuesday, February 6, 2024

NetLink NBN Tr - 9th Month Business Update! Gross Revenue is up 3.2 percent to 309m. Net profit is up 4 percent to 85m. Healthy Cash flow! Awesome!

  NetLink NBN Tr  - 9th Month Business Update! Gross Revenue is up 3.2 percent to 309m. Net profit is up 4 percent to 85m. Healthy Cash flow! Awesome!









Yearly dividend of 5.3 cents.

At 85 cents, Yield is about 6.23%.

This one no-brainer strategy!

Pls dyodd. 




Chart wise,  bullish mode!



Short term wise,  I think she is rising up to reclaim 86 cents ! A nice breakout smoothly plus good volume that may likely see her rising up towards 88 than 91 cents! Pls dyodd.


 At 83.5 cents,  yield is of 6.35% for this dividend counter of which I think is a great opportunity to take note of! 



XD 16th November 2023. Yearly dividend is 5.3 cents. 

Not a call to buy or sell!

Pls dyodd. 

NetLink NBN Tr  - 2nd quarter results is out! Gross Revenue is u0 2.9% to 205.3m. Net profit is down 3.1% to 52.88m. Interim dividend is up 1.1%  to 2.65 cents .




I think results is almost flat. 

Net gearing is 21.5%.

XD 16 Nov.

At 84 cents, yield is about 6.3%. 

I think the results is not bad!

Please dyodd.


 I think good price is here! Yield is of about 6.1% at 0.855. This is even much higher than Singapore Government Bond of 3.16%. THIS counter is like  FD account which is consistently paying out dividend of 5.2 cents annually. I think opportunity is back! 

Please dyodd.



 NetLink NBN Trust  - 1st quarter update is out, Net profit is up 2.1percent to 28.2m, total Revenue is up 6.2 percent to 103.9m.



Yearly dividendis about 5.24 cents. Yield is 6.1% at 0.86.

I think the resultsis stable and yield is good 

Please dyodd.


NetLink NBN Trust (the "Trust") was established in 2017 primarily for the purpose of owning all of the units of NetLink Trust ("NLT"), through which NetLink NBN Trust owns the only nationwide fibre network supporting Singapore's Nationwide Broadband Network ("NBN").



NLT designs, builds, owns and operates the passive fibre network infrastructure of Singapore’s NBN. An initiative led by the Singapore government, the NBN aims to enhance the competitiveness of the economy through nationwide ultra-high-speed broadband access. By providing an open, wholesale access to our fibre network, telecommunication operators can focus on offering innovative products and services to consumers and businesses without incurring high fixed costs.

We offer primarily three types of end user connections:
(a) Residential
(b) Non-residential
(c) Non-Building Address Point (NBAP)

NetLink NBN Trust was listed on the Main Board of the Singapore Exchange Securities Trading Limited on 19 July 2017. It is a constituent of the FTSE ST Large & Mid Cap Index, FTSE ST Singapore Shariah Index and the MSCI Global Small Cap - Singapore Index.

The future of fibre is unlimited. With its capability to transmit an infinite amount of data at scalable speed, it is an ideal medium to support the unabated growth of the Internet of Things (IoT), 5G, cloud computing, autonomous driving, smart manufacturing, remote surgery and other digital applications.

NAV 0.675.

Yearly dividend of 5.2 cents. 

Yield is 6%.

FY results for 2022.

Total Revenue increase 6.8% to 403m.



Final dividend of 2.62 cents is being declared! 



Chart wise, it has corrected from 0.91 to close at 0.865 after ex.dividend seem like a gd entry pivot point! 



Not a call to buy or sell!

Please dyodd