Ezotop

Saturday, November 4, 2023

QAF - Wah, Gardenia roti nowadays is not cheap! A loft of Banana bread cost $4 and multi-grains cost 3.80 . It use to be 3.20 and 3.00. The inflation really jack up the price, jin jialet!

 These 2 days saw most of the stocks counter rebound yet she gostun! 



This is really a roti stocks with little or not much movement.  The only consolation is their yearly dividend of 5 cents. Other than that is really nothing much! 

Last Friday closed at 81 cents. Yield is about 6.25%.

In September saw the director bought back share but recently didnt see any buying back. 

Is a tortoise counter.  It may not appeal to all.

Looks like price may go down to revisit 79 cents. 

Pls dyodd.

 For those who like Gardenia bread, I think she is holding up well during the Bear mode situation!



At 6% yield, I think is quite a good yield level!

Pls dyodd.

  After Ex.dividend on 7th September, the price has corrected to 0.795 looks rather interesting!




At 79.5 cents, yield is about 6.29%. NaV is 0.827.

The recent share bought back by the company director it might be indication of the price is trading at an undervlaue price level. The director and executive director Lin Kejian bought 1,018,200 shares at an average price of S$0.815 per share. 

I have nibbled a bit today  - 8th September at 0.795 per share.

Not a call to buy or sell!

Pls dyodd. 

This is a purely dividend play ! Not much capital gains as trading volume is always very low kind of illiquid! At 0.81, yield is more than 6%.



Their track records has been consistently paying out 5 cents dividend for past few years so, I think it will likely be the same for Year 2023!

Pls dyodd. 

NAV0.827.

Yearly dividend of 5 cents.

Yield is above 6% at 0.815.






Net cash position. 

But cash flow is slightly negative. 

Recently,  the director bought back some share.

This might be an indication that the price is  undervalued .

Please dyodd. 



QAF core businesses are into Bakery, Distribution and Warehousing!


Branded Packaged Bread

Our branded packaged breads are Gardenia and Bonjour. We are the region's leading manufacturer and distributor of the premium Gardenia brand of packaged bread, the top selling brand in Singapore, Malaysia and the Philippines.

Each day, Gardenia bread is delivered 'straight from the oven' by our fleet of some 1,900 vans and trucks to about 78,000 supermarkets, convenience stores and general trade channels all over Singapore, Malaysia and the Philippines.


Our In 2022, Gardenia Singapore improved the recipes of two existing milk bread products and launched the Gardenia Hokkaido Butter Rolls in February 2022 and the Gardenia Hokkaido Hi-Calcium Milk Bread in April 2022. The new Gardenia Hokkaido Butter Rolls are made with a Hokkaido butter blend and the creamy and soft bun texture makes the butter rolls enjoyable on their own as well. Targeted at milk bread lovers and families with young children, the new Gardenia Hokkaido Hi-Calcium Milk Bread contains Prebiotics, Calcium, Iron and both Vitamins B1 and B3.

To provide greater convenience and accessibility to Gardenia products, the company became the first bakery in Singapore to introduce the loaf bread vending machine. These vending machines are located in selected high-density residential areas and corporations to serve consumers 24 hours a day, rain or shine.

The company has a multi-brand portfolio, with bakery brands such as Bonjour and Bonjour Delights to cater to different consumer tastes. Since 1998, Bonjour has been carrying its own range of white, wholemeal and speciality breads, as well as croissants and buns. Bonjour seeks to deliver tasty and affordable products with interesting flavours such Bonjour Choc Chip Raisin Loaf and Bonjour Butterscotch Loaf. In 2017, Bonjour was awarded “Top Influential Brand” status in the Bread Category. The Bonjour Delights brand was launched in 2021 to target price-sensitive consumers seeking nostalgic local bakery products.

Garde7nia operates two bakery plants in Singapore, while the Spreads

The Group has developed a line of bread spreads to complement its wide range of breads and bakery products.

In Singapore, Ben Foods has a range of spreads comprising of Cowhead ButterCowhead Dandelion Spread (soft margarine)Cowhead Cream Cheese Spread and Cowhead Dandelion Margarine Block, a shelf stable margarine that is ideal for cooking, frying and baking.

In 1997, Gardenia Malaysia launched Auntie Rosie’s line of kaya spreads. The Original Homestyle Kaya and Natural Pandan Kaya spreads have become very popular with young and old alike.

To cater to the demand for competitively priced tasty and quality bread spreads, Gardenia Malaysia also launched two new and exciting chocolate spreads in 2015. They are the rich-tasting and creamy Delicia Hazelnut Chocolate Spread and Delicia Milky Chocolate Spread. The spreads were initially launched on a small scale and were so well received that they now come in upsized 375g jars and are sold in over 8,000 outlets in Malaysia.

In 2022, Gardenia Malaysia introduced a new variant to its spread range, the Gardenia Delicia Salted Caramel, a flavoured chocolate spread. The creamy, thick textured and rich caramel taste chocolate spread comes in 2 pack sizes: 200g and 375g.

As part of Gardenia Philippines’ expansion into the non-bread category, the company introduced Gardenia Malaysia’s Delicia chocolate spread into the local Philippine market in 2017.


 has a Ben Foods

Our distribution and warehousing activities are wholly integrated and supported by our own fleet of refrigerated trucks, multi-temperature storage, logistics and distribution facilities.

We import and distribute a wide variety of food and beverage products including meat, milk and dairy products, frozen vegetables, soups, pastries, noodles, confectionery, sauces, spreads, snack products, wines and juices.

Ben Foods’ own proprietary brands of food products have not only become familiar household names, but are exported regionally to countries such as Malaysia, the Philippines, Myanmar, Laos, Cambodia, Hong Kong, Taiwan, Macau, Brunei, Indonesia, Vietnam and Bangladesh.

Our house brands comprise the Cowhead range of quality milk and dairy products, Farmland processed food products, Farmchef (frozen potatoes and meat), Haton (seafood products), Orchard Fresh (beverages) and Spices of the Orient (sauces and seasonings).

We strive to strengthen our proprietary brands by launching new, innovative and functional food products each year.

In 2022, we launched the Cowhead range of creamy instant noodles. This range includes a variety of Asian spicy and western pasta flavours. Cowhead creamy instant noodles are being promoted to be cooked with Cowhead UHT milk as a strategy to further strengthen the brand through product synergy.

Our customers are the foodservice sector and include food manufacturers, fast-food chains and restaurants, supermarkets, wholesalers, independent retail outlets, hotels, hospitals, bakeries, in-flight kitchens and ships.

Our Wine & Spirits division represents and distributes wines from various countries, including France, Italy, Spain, Chile, Argentina, South Africa, Australia and New Zealand. plant in Johor, Malaysia called Farmland Bakery, which produces bakery p

roducts foduce more than 1.3 billion loaves, buns and snack cakes each year. In recognition of our commitment to constant product innovation and excellence, Gardenia has been awarded “Superbrands” status in the Philippines, Malaysia and Singapore. is a leading multi-industry
food company with core businesses
in Bakery, and Distribution
and Warehousing.

We have an extensive operations and distribution network across the Asia-Pacific region including Singapore, Malaysia, the Philippines, Australia, Myanmar, Cambodia, Hong Kong, Taiwan, Macau, Brunei, Indonesia,Vietnam, Laos and Bangladesh.We employ more than 9,000 people regionally and are listed on the Singapore Exchange.

Friday, November 3, 2023

Prime USD Reit (OXMU.SI) - I think the worst is over as Fed as paused the rate hike for November ! If December also no rate hike and CPI is getting better then we may see a revival of these overly beaten down reit counter! Pls dyodd.

 Chart wise, she has managed to bounce-off from the low of 0.087 cents and closed well with 2 bullish candlesticks at 0.113 looks rather interesting! 



As reflected on the chart, the 2 bullish candlesticks accompanied with high volume looks rather positive as this signify Fund are flowing into this counter! 

Short term wise,  I think this bullish momentum will continue and likely push the price higher towards 0.14 than 0.166 , 0.188 and 0.255. 

NAV is about 0.70.

Yearly dividend is about 4.9 USD cents.

Yield is a whopping 44% at current price of 0.113.

Please take note 3rd quarter results update on 7th November 2023.

I think golden opportunity is here!

Not a call to buy or sell!

Pls dyodd.


Dairy Farm USD - Chart wise, bearish mode! When can we see sunny days for supermarkets businesses!

 By right  supermarkets is selling essential items for the retails and businesses should be quite profitable! May be businesses were affected because of the pandemic situation. 

Other supermarkets player lije Sheng Siong and NTUC Fair Price I think they are quite profitable!





I think Dairy Farm is seeing improvement in their profitability as reflected on their 1st quarter update. 

Chart wise, bearish mode!

It has managed to bounce-off from the low of 2.11 ND closed higher at 2.28 looks rather interesting. 

It would be good to wait for reversal to kicks in before taking action for the next move!

Not a call to buy or sell!

Please dyodd.



 DFI Retail Group (the ‘Group’) is a leading pan-Asian retailer. At 31st December 2022, the Group and its associates and joint ventures operated over 10,600 outlets and employed some 216,000 people. The Group had total annual revenue in 2022 exceeding US$27 billion.


The Group provides quality and value to Asian consumers by offering leading brands, a compelling retail experience and great service; all delivered through a strong store network supported by efficient supply chains.



The Group (including associates and joint ventures) operates under a number of well-known brands across food, health and beauty, home furnishings, restaurants and other retailing.



The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong by DFI Retail Group Management Services Limited through its regional offices.




DFI Retail Group is a member of the Jardine Matheson Group.

The story of DFI Retail Group dates back to 19th century Hong Kong, when Scottish surgeon Sir Patrick Manson and five businessmen embarked on a venture to improve the health of the Hong Kong community by breeding imported cattle locally, and to ensure a daily supply of disease-free fresh milk at an affordable price - a challenging move as the herd had to adapt to Hong Kong's sub-tropical climate.



From such modest beginnings, DFI has expanded and reinvented itself over the decades to become one of Asia's most dynamic and reputable companies. Today, DFI is primarily into retailing with a focus on supermarkets, hypermarkets, health and beauty stores, convenience stores, home furnishings stores and restaurants. The Group commands a leadership position in many key Asian markets and has upheld its principles for quality products, business integrity and commitment to the community.



These historical milestones highlight key dates and events and are a record of the many defining moments in the making of a very unique and special company.



OUR GOAL

To give our customers across Asia a store they TRUST, delivering QUALITY, SERVICE and VALUE.



Chart wise, Bearish mode!

It has managed to bounce-off from the low of 1.95 and rises higher to close at 2.86 looks like she is trying to do a reversal price patterns!

We will need to wait for market confirmation to see if she can reclaim the recent high of 3.38 level.

A nice breakout accompanied with good volume that may likely reverse this downtrend!

NAV USD0.7.

Yearly dividend of about 3 cents.

Yield is about 1.05 percent.

Not a call to buy or sell!

Please dyodd.

Thursday, November 2, 2023

Daiwa Hse Log Tr - 3rd quarter results is out! Gross Revenue and NPI is up, Distribution income is up 2.2% to SGD 27m. 100 percent occupancy, low gearing, I think the results is good!

Daiwa Hse Log Tr - 3rd quarter results is out! 






Gross Revenue  is up 4.8%  and NPI is up 3.9%. Distribution income is up 2.2% to SGD 27m. 

100 percent occupancy,  low gearing,  I think the results is good!

Estimating yearly dpu of 5.2 cents,  yield is 10% at current price of 52 cents.

Pls dyodd. 

KIT ( Keppel Infrastructure Trust) - Wah, Special dividend plus interim of 2.33 cents and 0.97 cents, Fantastic!

 WOW! It come with a big surprise! Dont really expect a special dividend cum interim dividend for 9th months results update,  Fantastic! 





Total distribution income is up 93% to 266.1m.

DpU is up 82.5% to 5.23 cents versus 2.865 cents last year. 

 Awesome! 

Special dividend of 2.33 cents plus interim of 0.97 cents . Total 3.27 cents . Solid!

XD 9 November.  Pay date 20th November. 

Gearing 36.8%.

I think the results is very good!

Not a call to buy or sell!

Pls dyodd.


Yearly dividend is about 3.86 cents. 

Yield is about 8.3%. 



Chart wise, a long and bullish pin bar appearing on the chart yesterday,  looks like Bull is in control as she has managed to bounced off from 44 cents to close at 46.5 cents looks rather positive!

Short term term, let's monitor and see if she can rise up to reclaim 50 cents! 

Please dyodd.



Results is out!

Distribution income is up 51% to 132.8m.

Dividend increase 1% to 1.93 cents.

XD 2nd August.  Pay date 11 August. 



 First Half results will be out on 26th July 2023, dividend is coming , awesome!

Wonder will there be any increase in dividend payout!

Yield is about 7.41% at 0.515.

Pls dyodd.

 Keppel Infrastructure Trust (KIT) is the largest diversified business trust listed in Singapore with approximately $7.3 billion in assets under management.



The Trust was constituted on 5 January 2007 under the laws of the Republic of Singapore and registered with the Monetary Authority of Singapore (registration number 2007001).

KIT’s portfolio comprises strategic businesses and assets in the three core segments of Energy Transition, Environmental Services, and Distribution & Storage. These businesses and assets provide essential products and services across a broad range of industries; and generate regular and resilient cash flows, with potential for growth that is supported by favourable long-term market dynamics and demand. This is in line with KIT’s long-term goal of delivering sustainable and growing returns to Unitholders, through a combination of recurring distributions and capital appreciation.

Keppel Infrastructure Fund Management Pte Ltd (KIFM) is the Trustee-Manager of KIT. KIFM is a wholly-owned subsidiary of Keppel Capital, a premier asset manager with a diversified portfolio in real estate, infrastructure, data centres and alternative assets in key global markets.

Keppel Infrastructure Holdings Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation Limited, is the Sponsor of KIT.

Business: Sole producer and retailer of piped town gas, and green energy solutions provider
Customer: Approximately 886,000 residential, commercial and industrial customers


With a long heritage of 160 years as Singapore’s sole provider of piped town gas, City Gas has transformed into City Energy to provide innovative green energy solutions that meet the needs of a growing city. City Energy produces and distributes piped town gas safely and reliably to approximately 886,000 residents, commercial and industrial customers islandwide, while offering low-carbon, IoT-enabled home solutions and electric vehicle charging services through City Energy Life and City Energy Go. To reduce carbon emissions, City Energy is also exploring green hydrogen as part of town gas production.

City Energy’s facility in Singapore, Senoko Gasworks, has a production capacity of 1.6 million m3 per day. As the only facility producing town gas in Singapore, Senoko Gasworks generates town gas using three continuous reforming plants and five cyclic reforming plants, each with a production capacity of 200,000 m3 per day. The plants are equipped to use both natural gas and light virgin naphtha as feedstock. The town gas produced can either be stored in two spherical gasholders or sent out through the distribution network to customers. Every day, gas production is monitored, controlled and directed 24 hours a day from a central control room. At the heart of the central control room is a fully automated distribution control system. The computerised distribution control system enables the experienced plant controllers to operate, monitor and oversee the gas production and ancillary plant. 

Business: 2,310 tonnes/day waste incineration concession
Customer: NEA, Singapore’s national environment agency
Contract Terms: 15 years till 2024
Operations & Maintenance Operator: Keppel Seghers


Senoko Waste-to-Energy Plant (Senoko WTE Plant) is the third waste incineration plant built in Singapore and is one of four incineration plants currently operating. It was commissioned in 1992 with a land area of 7.5 ha.

Senoko WTE Plant is equipped with six incinerator-boiler units with two condensing turbine-generators offering a power generation capacity of 2 x 28 MW. Waste incineration is carried out at the plant 24 hours a day throughout the year.

Senoko WTE Plant underwent a flue gas treatment system upgrade in June 2012, which was completed within the contracted timeframe and budget, and with an accident-free safety record.

On 26 September 2014, the trust entered into an agreement with NEA to progressively increase the contracted incineration capacity of the plant by up to 10% from 2,100 tonnes per day to 2,310 tonnes per day between July 2015 and September 2016. The capacity payments from NEA were correspondingly increased with the completion of each incineration unit upgrade, with the sixth and final unit upgrade being completed with effect from 1 September 2016.

Following the decommissioning


of Ulu Pandan Incineration Plant by the Singapore government in August 2009, Senoko WTE Plant became the only waste incineration plant located in the northern part of Singapore. The plant is also the only waste incineration facility located outside of the Tuas area (which is in the western part of Singapore) and this positions it to serve the eastern, northern and central areas of the country.


Business: Industrial infrastructure business supplying key water treatment chemicals, industrial and specialty chemicals
Customer: Over 8,000 customers comprising municipals and blue-chip companies


Ixom is a leading industrial infrastructure business in Australia and New Zealand, that provides specialised source water, water and wastewater treatment solutions critical to a clean water supply. Ixom is also a supplier of essential chemical products and solutions for a range of industries.

In Australia, Ixom is the sole manufacturer and provider of liquefied chlorine, as well as the leading provider of manufactured caustic soda. The group is also one of the largest bulk and packaged chemical distribution businesses in Australia and New Zealand. The chemicals manufactured and distributed by Ixom are fundamental components used in a range of industries including the water treatment, dairy and agriculture, mining, construction and nickel refining sectors, most of which have favourable demand outlooks.

Ixom is supported by about 1,000 employees and its business is underpinned by the extensive scale and strategic locale of its assets, facilities and distribution network, which are in close proximity to key ports and customers. The locations of its assets and facilities allow Ixom to benefit from lower transportation costs, while ensuring reliability and timely delivery of its products and services to its customers in a safe manner.

Yearly dividend of 3.82 cents. 

Yield is about 7.7%.

Dividend payout half yearly basis of 1.91 cents.


Chart wise,  she is slowly rising up from 0.48 to close at 0.495, looks like it is gaining strength! 

If it can cross over 

0.505 smoothly plus gd volume that may likely rise further up to test 0.525.

Next resistance level is at 0.545.

Please dyodd.

Keppel DC Reit - Wah, Looks like bottoming sign! She has managed to bounce-off from 1.68 and rises up to touch 1.76!

 

Swee! Locked in kopi money at 1.85. EP 1.68. Awesome!



Chart wise, looks rather interesting as she has managed to bounce-off from 1.68 and rises higher to touch 1.76!



Waiting for reversal signal to kick in .

I think likely to rise up to test 1.81-1.82.

Pls dyodd. 

 At 1.70, yield is about 5.85%.


The director has bought back some share at 1.71 on 26th October. It might a an indication good price is here! 




 Last Friday,  it has broken down the support at 1.80 and closed lower at 1.72 looks like BEAR is in control!





At this rate of falling,  it may go down to test 1.59 again!

NAV 1.39. If 1.59 cannot hold then we may see her going further down to test 1.50 than 1.40 with extension to 1. 31.

Pls dyodd.

 Yesterday,  it has broken down the support at 1.90 and went further down to test 1.79 before closing at 1.82. The volume is high indicating there are more seller than buyers.



Short term wise,  if 1.80 cannot hold, next, we may see her going down tobtest 1.75 than 1.70 with extension to 1.59.

At 1.81, yield is about 5.46%. At least it is closing up the different in yield with most of the index reit  

Pls dyodd.


Indeed,  she has broken down the support at 1.98 after the 3rd quarter results released! I think market in not in favor of this set if financial numbers judging from the selling off down 11 cents to close at 1.90.

NAV is 1.39.

P/B is 1.44.




If the support at 1.89 cannot hold,  she mat likely go down to test 1.80 than 1.75 with extension to 1.60.

Pls dyodd.


DPU) of 2.492 cents for the 3QFY2023 ended Sept 30, a 3.6% decrease from the same period a year ago. 

9MFY2023 of 7.543 cents is lowered than last year DPU of 7.634 cents. 

For the three-month period, distributable income dropped by 6.5% y-o-y to $43.9 million. The REIT says that this is mainly due to higher finance costs and less favorable forex hedges, which were partially offset by higher finance income and tax savings. Its 9MFY2023 distributable income stands at $135 million, 2.1% lower y-o-y.





Yield is about 5% at 1.99.
I think a good pivot point might be at 1.81 about 5.5% yield! 

Chart wise, bearish mode! 
Immediate support is at 1.98.
Next support is at 1.90-1.91.
If 1.90 cannot hold,  we may likely see her going down to revisit 1.80 than 1.75.

Not a call to buy or sell!
Pls dyodd.

Wednesday, November 1, 2023

SSB - Singapore Saving Bond : Average interest yield of 3.4% for Dec 2023 , Awesome! This is slightly higher than last month 3.32%, I think likely to see overwhelming response!

 Wah, Dec batch is yielding 3.4% average for 10 years , seems good! 

Last day to apply is on 27th Nov 2023.

Offered Amount 1Billion.

Surely can get some.

Pls dyodd.






Results is out! I have secured fully for my application,  swee! 

Those who applied all being alloted with either 47,000 or 47,500. Bravo!



Waiting for next month announcements rate for December! I think might be the same or slightly higher.  



Last day to apply is on 26th October!

Pls dyodd.



 Stocks market is volatile! 

I think good time to Apply a bit for Nov series to secure a fixed average yield of 3.32 % which is much higher than CPF OA. 

Please dyodd. 

Wah, Nov series average interest of 3.32% is higher than Oct interest of 3.16%, awesome!

I think likely to see an overwhelming response! 

Total amount Offered is 1b. I think surely can get some.

Last day to apply is on 26th Oct.

Pls dyodd.






  

A safe and flexible way to save for the long term!

 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.  


Tomorrow last day to apply for Oct 2023 series. 

I have already applied hope for the Best! 


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! 


Venture - She is gaining momentum and likely rise up to test 15.25! AGM is on 26th April, final dividend is coming! Yield is more than 5 percent for this blue chips counter, nice!

Venture  - She is gaining momentum and likely rise up to test 15.25! AGM is on 26th April, final dividend is coming! Yield is more than 5 pe...