Ezotop

Saturday, May 18, 2024

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 raising up to $500 million through a placement and preferential offering, according to people with knowledge of the matter.

I think price may go below the 40 cents level. 0.33 might be a good pivot point to monitor! 



From the chart we can see 55 cents was the peak level. Is a great indication to secure the profit at this level.

Not a call to buy or sell!

Pls dyodd. 


Friday, May 17, 2024

Income Insurance AGM - Attending the AGM at Suntec Convention center - To approve dividend plus special dividend etc.

 Income Insurance AGM - Attending the AGM at Suntec Convention center on 17th May 2024.  To approve dividend plus special dividend etc.





We can sell the share on Poem platform.

Initial share price was $10.

Now is worth may be $20-$21.60.

Snack box plus plain water provided.

No voucher. 



Huge crowds.

Just coming here to see how the management handled the shareholders.

Gross Revenue of 4.9b.

Assets of 4.2b.

Net loss for Y2022 - 88m.

Net profit for Y2023 was 144m.

Overall PATMI is 60.4m.

NAV is about 29.30.

No dividend payout policy. Management says , it depends on the financial performance than decide how much ro payout foe dividend.  No number provided for EPS. 

Industry leaders in Motor and Travel insurance. 



Thursday, May 16, 2024

Wilmar Intl - Chart wise, bearish mode! The director keeps buying back share but the share price keep drifting lower! I think testing 3.07 than 2.98 soon! Pls dyodd.

  Wilmar Intl  - Chart wise,  bearish mode! The director keeps buying back share but the share price keep drifting lower! I think testing 3.07 than 2.98 soon! 



Pls dyodd.


 Wilmar Intl  - FY 2023 results is out! 2nd Half net profit is down 27.1 percent to 989.3m versus 1264.3m last year!  FY net profit is down 35.3 percent to 1566m versus 2419m. 




Final dividend of 11 cents declared same as last year, i think the results is not bad! 

XD 29th April. 

Pls dyodd. 


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.

Wednesday, May 15, 2024

CapitaLand Ascendas REIT - Hosey! Today Gap up this morning and trading at 2.65, seem rather positive! Likely to rise up to revisit 2.73!

  CapitaLand Ascendas REIT  - Hosey! Today Gap up this morning and trading at 2.65, seem rather positive! Likely to rise up to revisit 2.73!



 Pls dyodd.

CapitaLand Ascendas REIT  - Nibbled a bit at 2.58 i think the price is rather undervalued! Yield is about 5.8 percent,  gearing is healthy below 40 percent,  occupancy rate is above 94 percent! Pls dyodd. 





 CapitaLand Ascendas REIT  - 1st quarter results update is out! Occupancy rate 93.3 percent, Divestment of properties at 64.2m, Gearing is healthy at 38.3 percent and positive rental reversion of 16.9 percent. 






 75 percent fixed loan rate. Nothing mentioned about Gross Revenue and NPI. The numbers seem not bad! 



Chart wise,  2.47 looks like a great pivot support point! 

Golden opportunity is back! 

Pls dyodd. 


  CapitaLand Integrated comm Tr  - She has broken down 1.89 likely to go down to revisit 1.81 than 1.79. 



At 1.85, yield is about 5.8 percent which is quite a good yield level!Pls dyodd.  


CapLand IntCom Tr  (C38U.SI) - I think Great sales is back! Treading at 1.92, yield is about 5.6 percent for this Class A Office cum Shopping Mall reit is worthy to take a closer look! Do take note! 

NAV 2.11. 



I think she may go down to revisit 1.89 which might be a great pivot point to consider!

Pls dyodd.

Meeting Date29 April 2024
2.30 P.M. AT THE STAR GALLERY LEVEL 3, THE STAR PERFORMING ARTS CENTRE 1 VISTA EXCHANGE GREEN SINGAPORE 138617 OR BY ELECTRONIC MEANS.



CapLand IntCom Tr  - She is gaining strength and may likely rise up to reclaim 2.00 again! A nice breakout smoothly plus good volume we may see her rising up towards 2.03 than 2.07.



 Yield is about 5.43 percent at 1.97. I think seem quite a nice Yield! Pls dyodd.  

 31st January 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! 




 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.


Tuesday, May 14, 2024

Mapletree PanAsia Com Tr - hovering at 1.24 after went ex.dividend, seem to be holding up well! We need a catalyst for her to rise back to 1.38 and 1.42 ! Perhaps a first rate cut is near the corner! Pls dyodd.

 Mapletree PanAsia Com Tr  - hovering at 1.24 after went ex.dividend,  seem to be holding up well! We need a catalyst for her to rise back to 1.38 and 1.42 !


 Perhaps a first rate cut is near the corner! Pls dyodd. 


2nd May 2024:

 Mapletree PanAsia Com Tr  - Today, she went Ex.dividend! Likely to go down to revisit 1.20 again! 



Pls dyodd. 

  Mapletree PanAsia Com Tr - The 4th Quarter results is out! DPU is up 1.8 percent to 2.29 cents, seems not bad! 






(DPU) for the fourth quarter ended March grew 1.8 per cent year on year to S$0.0229 from S$0.0225 previously.

Unitholders can expect to receive the distribution payout on Jun 6 after book closure on May 3. 

The real estate investment trust’s (Reit) gross revenue grew 2.6 per cent to S$239.2 million, while net property income (NPI) for the quarter rose 3.2 per cent to S$183.1 million with an NPI margin of 76.6 per cent.


Wilmar Intl - Looks like she is going down to test 3.07 than 3.00! Pls dyodd.

  Wilmar Intl  - Looks like she is going down to test 3.07 than 3.00!  Pls dyodd.   Wilmar Intl  - Chart wise,  bearish mode! The director k...