OCBC

 It looks like market is not in fav of the recent buying of additional share from their subsidiary company! The price has been drifting lower! 

I think she may go down to test 12.40 again!

Pls dyodd.

 Today it has a nice Gap up moment plus closed well at 12.65 coupled with high volume this is rather positive!

Likely to continue to trend higher!

Short term wise,  I think likely to test 12.78 then 12.90.

Please dyodd.

 Chart wise,  it is still stucked in a consolidation mode! It will need to over the immediate resistance at 12.53.

A nice breakout of 12.53 smoothly may likely drive the price higher towards 12.90 then 13.00.

Yield is about 5.22% at 12.43 seems quite gd!

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.

CapitaLand Ascendas Reit

 Awesome,  she has manged to reclaim 2.74 looks rather bullish !

Likely to rise up to test 2.80 then 2.83.

Pls dyodd.

 She is slowly climbing up!

If she can recalim 2.74 smoothly we may likely see her moving further up to test 2.80! 

Pls dyodd.

 Chart wise,she has been driven to an oversold territory! 

At 2.64, yield is at 5.9% . Estimating yearly dividend of 15.7 cents.

NAV 2.37.Gearing below 40%.

FY 2023 results: 

CapitaLand Ascendas REIT (CLAR), formerly known as Ascendas Real Estate Investment Trust, is Singapore’s first and largest listed business space and industrial Real Estate Investment Trust (REIT). It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002.

It has since grown to be a global REIT anchored in Singapore, with a strong focus on tech and logistics properties in developed markets. It owns properties across three key segments, namely, 1) Business Space and Life Sciences, 2) Logistics, and 3) Industrial and Data Centres in the developed markets of Singapore, Australia, the United States and the United Kingdom/Europe. 

CapitaLand Ascendas REIT is listed on several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CapitaLand Ascendas REIT has an issuer rating of ‘A3’ by Moody’s Investors Services. 

 

Aims Apac Reit

 Don't forget tomorrow last day to apply PO at 1.189.

I entered a bit at 1.18 and locked in profit at 1.22.

NAV is about 1.35.

Yield is about 7.3%

Chart wise, she is still stuck in a bearish mode!

Not a call to buy or sell!

Please dyodd.

PayPal

 Chart wise, bullish mode!

Likely to continue to trend higher!

Short term wise,  I think she is rising up to test 70.00.

A nice breakout of 70 smoothly plus good volume that may drive the price higher towards 75 then 80.

Please dyodd.

Shaping the future of digital payments.

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering hundreds of millions of consumers and merchants in more than 200 markets to join and thrive in the global economy.

Daiwa Hse Log Tr (SGX: DHLU)

 

 Wah, breakout of 0.60 , awesome!

Short term wise, I think she is rising up to test 0.65 then 0.70-0.71.

Huat ah! Please dyodd.

 Chart wise,  bullish mode!

A nice breaking out of 0.595 plus high volume she may likely rise up to test 0.65. 

Yearly dividend of 5.22 cents.  Yield is 8.8%. Low gearing,  wale is 6.9 years. I think it is trading at a great value price level of 0.59.

Not a call to buy or sell!

Pls dyodd.

 Daiwa House Logistics Trust (DHLT) is a Singapore real estate investment trust (REIT) listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The REIT is established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing logistics and industrial real estate assets located across Asia. DHLT’s investment focus will be to invest in logistics and industrial real estate assets in Asia, in particular, within Japan as well as in the ASEAN region.

DHLT’s key objectives are to provide Unitholders with regular and stable distributions, and to achieve long-term growth in DPU and net asset value per Unit, while maintaining an optimal capital structure and strengthening the portfolio in scale and quality.

DHLT is managed by Daiwa House Asset Management Asia Pte. Ltd., a wholly-owned subsidiary of the Sponsor, Daiwa House Industry Co., Ltd., a leading real estate player in Japan.

Occupancy % rate of 98.6. Gearing 36.2%. Wale 6.9 years. First quarter Distributable Income increased 2.5% to 9.1m. 

Yearly dividend of 5.22 cents( half yearly basis ) . Yield is 9% base on current price of 0.58.

NAV of 0.77 . 

It looks like a gem for this Logistics reit focusing in Japan of which was being sold down due to high interest rate situation. 

I think gd value is presenting at the current price level!

Pls dyodd.

MICRO-MECHANICS

 Looks like she is getting weaker and may go below 1.70 . Next, 1.60 is possible!

Pls dyodd.

 Wah, she is drifting lower approaching the major support level at about 1.60,  looks rather interesting!

At 1.71, let's assume dividend cut from 12 cents to 10 cents,  yield is about 5.87%. If cut to 9 cents,  yield is 5.26% which is quite a good yield to me. 

Pls dyodd.

 Micro-Mechanics designs, manufactures and markets high precision parts and tools used in process-critical applications for the semiconductor and other high technology industries.

The Group’s strategy is to relentlessly pursue product and operational improvements while providing fast, effective and local support to its customers worldwide.

In addition to designing and manufacturing a market-leading range of consumable tools and parts used in the assembly and testing of semiconductors, the Group also engages in the contract manufacturing of precision parts and tools used in process-critical applications for the semiconductor wafer-fabrication and other high-technology industries

Micro-Mechanics became a public corporation and listed on the SGX-Sesdaq in Singapore in Jun 2003. On 22 July 2008, the listing and quotation of its shares was upgraded to the SGX Mainboard. Since its listing, the Group has received multiple awards in recognition of its high standards of corporate governance, quality of disclosure, transparency and investor relations.

Chart wise, bearish mode!

I think she is trading at an interesting price level hovering near the support level about 1.80-1.82.

Yearly dividend may be cut from 12 cents to 10 cents. Or worse case scenario may be 8 cents.

10 cents dividend at 1.82 we are looking at 5.49% or 8 cents dividend , yield is 4.4%.

You may take a look at the company past dividend paid out for your reference:

Pls dyodd.

Great Eastern

Chart wise, today gap up with a very long extended greenish bar I think is good to be cautious! 

The price might be driven by specul

It can get corrected downward very fast if nothing is materialized!

I would wait for clarity before making my decision/ action. 

NAV 19.92.

Yearly dividend of 0.65.

Yield is 3.8%.

Please dyodd.

Frasers CPT

   

Trading below its NAV of 2.32 I think is still a gd level to consider! Pls dyodd.

She has managed to recaptured 2.21 and closed at 2.22 looks like Buying interest is back!

I think likely to rise up to test 2.25 then 2.30 follow by 2.35!

Please dyodd.

Frasers Centrepoint Trust

Frasers Centrepoint Trust (“FCT”) is a leading developer-sponsored retail real estate investment trust (“REIT”) and the largest suburban retail mall owners in Singapore. FCT’s property portfolio comprises nine retail malls and an office building located in the suburban regions of Singapore, near homes and within minutes to transportation amenities. The retail portfolio has approximately 2.9 million square feet of net lettable area with over 1,800 leases with a strong focus on providing necessity spending, food & beverage and essential services.

FCT is among the top-ten largest Singapore REITs (“S-REITs”) by market capitalisation. It is also an index constituent of several benchmark indices including the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index), FTSE ST Real Estate Investment Trust Index, MSCI Singapore Small Cap Index and the SGX iEdge S-REIT Leaders Index.

Frasers Centrepoint Trust's portfolio comprises high quality suburban retail malls and an office building, all located in Singapore. The retail malls include Causeway Point, Century Square, Changi City Point, Hougang Mall, NEX (effective 25.50%-interest), Northpoint City North Wing (including Yishun 10 Retail Podium), Tampines 1, Tiong Bahru Plaza, Waterway Point (50.00%-interest) and White Sands. The office building is Central Plaza, which is connected to the retail mall Tiong Bahru Plaza.

FCT's properties are located next to or near the MRT stations and bus interchanges and in populous residential areas. The retail malls enjoy high shopper traffic comprising residents and the commuters. FCT strives to offer pleasant and comfortable shopping experiences for all its shoppers that will encourage them to keep coming to its malls. FCT strives to be a fair and value-adding landlord through competitive lease rates, upkeep and enhancement of its retail and office properties, and be the preferred choice of tenants and stakeholders.

Occupancy rate of 99.2% is considered very good as it means that their rental spaces are fully occupied and generating rental revenue that would likely provide a stable dpu distribution rate. 

Gearing of 39.6% is slightly high but is still below 40% and a distance from the Max limitation of 50%.

NAV is about 2.32. Dividend of 12.15 cents.  Yield is about 5.6% which is quite good!

Short term wise,  if it can rise up to reclaim 2.21 then 2.25 it might be an indication  to reverse this downtrend! 

One of the rare local retail reit.

Pls dyodd.