Ezotop

Saturday, September 23, 2023

Mapletree PanAsia Com Tr - Chart wise, Bearish mode! She is rather weak and may likely continue to head further south!

 Last Friday,  she has broken down the recent low of 1.46 and closed lower at 1.45, looks like Bear is in control!



Short term wise  I think she may go down to test 1.40 than 1.36/1.37 which may be a strong support level to plan our entry point! 

At 1.37, yield is about 6.46% (estimating yearly dpu of 8.8 cents). 

Not a call to buy or sell!

Please dyodd. 

 At 1.49, yield is about 5.9%. NAV 1.749. 



I think during bad time then we can see this kind of depressing price for reit.

I think is good to be cautious!

pls dyodd. 

 At 1.52, yearly dividend is about 8.86 cents,  yield is about 5.82% for this index reit looks rather interesting!



NAV 1.749. Gearing is high at 40.7%. Please take note and do your own due diligence!

 Indeed,  it has broken down 1.57 and went down to touch 1.50. Looks rather weak!



Yesterday a nice greenish candlestick appeared looks like some buying activities is happening. 

Let's monitor and see if it can rise up to reclaim 1.60 !

Please dyodd.

 I think she has been driven into an oversold territory looks like a gd pivot point!

NAV is 1.749.

Yearly dpu is about 8.86 cents. Yield is about 5.5%.

In Singapore they own the core assets like VivoCity and Mapletree Business City (MBC). In Hong Kong they own the Famous Festival Walk shopping mall cum commercial office etc. 



Chart wise,  bearish mode!

It 1.60 cannot hold up well then next support is at 1.57.

Please dyodd.

 The results is so so!

NPI is up 1% to 179.2m.



Finance costs increase 6.1% to 54m.

Distribution income is down 2.4% to 114.7m.



Dpu of 2.18 cents versus 2.25 cents last quarter. 

Occupancy rate is 95.7%.

Gearing 40.7%.


 Results is due on 31st July!



Is it a tell tale sign results might not be good! 

Pls dyodd.

 


Chart wise,  she is gaining strength and likely rise up to test 1.70-1.72!

A nice breakout at 1.72 plus good volume we may likely see her rising up further towards 1.80 than 1.85.

Please dyodd.

 I nibbled a bit at 1.61 as it is hovering at the major support level! 


Not a call to buy or sell!

Pls dyodd. 


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.




Chart wise, bearish mode!
It is now hovering at the support level of 1.60-1.61.

Yearly dividend is about 9 cents ( base on 4th quarter dpu of 2.25 cents).

Yield is about 5.6% based on current price of 1.61.

NAV is 1.759.

As at 31 March 2023, the aggregate leverage ratio was 40.9% and the average term to maturity was 3.0 years. For FY22/23, the weighted average all-in cost of debt was 2.68% per annum and the adjusted interest coverage ratio was approximately 3.5 times on a 12-month trailing basis. 

Not a call to buy or sell!

Please dyodd.


Nanofilm - She has continued to drop further and is looking rather weak! I think we may see further melting down direction!

 Chart wise, bearish mode!



Last Friday she has gone down to touch 0.91 before bouncing off and close 0.5 cents higher at 0.95. Looks rather weak and we may see further selling down pressure!.

Short term wise,  I think likely to see a throwing back reaction. If it fails to hold then it may again retest 91 cents/90 cents. 

Breaking down of 90 cents I think she may likely fall down further towards 80 cents than 70 cents.

NAV is about 58 cents.

Not a call to buy or sell!
Please dyodd. 

 Nanofilm is Asia’s nanotechnology solutions leader with strong innovation DNA, founded in 1999 as a high-tech spinoff from Nanyang Technological University, specializing in advanced materials and nanoproducts.

 
Our proprietary materials with special surface properties and nano-engineering capabilities, customized to our customers needs, have redrawn market boundaries with limitless potential.
 
Our mission critical game-changing applications in multiple industries today place us well in value chain integration as we transform into a future-generation nanotechnology solutions company.
 
In time when each market industry where our technology catalyzes matures, we will transform and become a significant player in those industries.
 
Each industry holds the promise to be a powerful standalone business for Nanofilm:  be it 3C, Automotive, New Energy, Biomedical, Consumer Goods or Optical Sensing.






Thursday, September 21, 2023

Ocbc Bank - TA wise, bearish mode! I think she may go down to test 12.00!

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.



Wednesday, September 20, 2023

Sheng Siong supermarket group - I think yield is of 4% for this household brand which is resilient against inflation or economy downturn.

 I think good price is back! Their annual dividend of about 6.12 cents ( interim + final) is sustainable as it is able to grow their revenue from their businesses even during inflation.  Their outlet mainly located near the neighborhood housing development board flats where 80% of local are staying/owning. 



Their expansion plan is to add new stores in new hdb flats development area. They also venture out into China. 





At 1.53, yield is about 4% of which I think is quite a good yield level for selling essential household products.




Their track records for past 10 years has been rather positive as it is able to increase the dividend payout from 4 cents to 6.1 cents. 

She is trading near the strong support at 1.52.

Not a call to buy or sell!

Please dyodd.

Established in 1985 and listed on the Mainboard of the Singapore Exchange (SGX) in 2011, we are one of Singapore’s top retailers with over S$1.34 billion in annual sales revenue (FY2022). As of 2022, we operate in more than 65 locations across Singapore. With a current market capitalisation exceeding S$1.8 billion, Sheng Siong Group Ltd is one of the largest listed companies on the SGX.
At Sheng Siong, we strive to create value for our shareholders sustainably. In this section you will find all you need to know about our performance as a business.

Tuesday, September 19, 2023

Singapore Saving Bond (SSB) - Yielding 3.16% average for 10 years should I buy?

 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.  



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.






http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

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! 


Monday, September 18, 2023

ComfortDelGro - Fare hike in Dec 23rd 2023 likely to boost their revenue and net income!

 

I think high probability she may likely breakout 1.30 and rises higher towards 1.40 than 1.42-1.46. Please dyodd. 



Public transport fare hike: Adults to pay 10 to 11 cents more per journey from Dec 23

The Public Transport Council, which regulates bus and train fares, has granted an overall increase of 7 per cent as part of the 2023 fare review exercise.   


 I think breaking out soon!

Dividend for the interim six months period will be credited to your account today - 31st August, Awesome!

Please dyodd.





She is gaining strength and likely rise up to test 1.30 again!A nice breakout of 1.30 plus high volume would likely see her rising up to revisit 1.35 than 1.43.

Please dyodd.

 Total Revenue is up 1% to 1862m versus 1843m last year! 

Net profit of 78.5m is down 31.9% . If excluding the divestment gains from last year of 30.5m, Net profit is down marginally. 



Interim dividend increase from 2.85 to 2.9 cents.



Taxi operations also saw an improvement of revenue with lower discounts handling out! 

Cash Flow is good. So much cash on hands!



I think the results is not bad! 

Please dyodd.


She is rising up in an orderly manner looks rather bullish!

I think waiting for the next breakout moment!



results should be out by end of August,  dividend is coming!

Please dyodd.

 Chart wise, bullish mode!



Likely to rise up ti test 1.30 than 1.35 with extension to 1.45.

Yield is avoit 3.7% at 1.27.

NAV 1.18+.

She is due to report her first half results soon!

Pls dyodd. 



GD NEWS: Awarded a contract to operate rail services in Paris, France’s capital city.

— marks the Group’s first foray into France’s rail operations market and is a first by a Singapore company.




 Indeed, she has managed to conquer 1.21 and rises up to touch 1.23 looks rather positive!



High probability I think she may rise up to test 1.25-1.27 then 1.30-1.35.

Please dyodd. 

ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. 


The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies. 

EN Corporate Profile Navigation ABOUT NETWORK INVESTOR SUSTAINABILITY TRANSFORMATION NEWS CONTACT CAREER CORPORATE PROFILE HOME / ABOUT US / CORPORATE PROFILE ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies.
Following the merger, ComfortDelGro has expanded significantly and now operates in seven countries and has a global fleet of about 34,000 vehicles.

ComfortDelGro’s businesses include bus, taxi, rail, car rental and leasing, automotive engineering services, inspection and testing services, driving centres, non-emergency patient transport services, insurance broking services and outdoor advertising. Apart from being the market leader in Singapore, ComfortDelGro has a significant overseas presence. 


The Group’s operations currently extend from the United Kingdom and Ireland to Australia, New Zealand, Malaysia, as well as across nine cities in China, including Beijing, Shanghai, Guangzhou, Shenyang and Chengdu.

Chart wise,  bullish mode!
Likely to continue to trend higher!






Short term wise,  I think likely to rise up to retest 1.20-1.21! 
A nice breakout smoothly may likely see her rising up further towards 1.25 then 1.30.

NAV 1.186.
PE 14x.
Dividend yield 4.11%.


Please dyodd.

ComfortDelGro - Wow! Today closed well at 1.50, looks rather positive! Likely to continue to rise up to test 1.64 than 1.70 to 1.78. Pls dyodd.

   ComfortDelGro  - Wow! Today closed well at 1.50, looks rather positive! Likely to continue to rise up to test 1.64 than 1.70 to 1.78.  Th...