Ezotop

Tuesday, November 7, 2023

DBS Group - Bank started to see selling down pressure , likely to go down to test 33.00 than 32.65 .

 Chart wise, looks like the fund are selling judging from the bearish price patterns! 



A long a bearish candlestick plus high volume likely to see further weakness! 

Short term wise,   I think likely to go down to test 33.00 than 32.65 and 32.35 / 32.00.

Pls dyodd. 


 DBS Group reported net profit of S$2.59 billion for the third quarter ended September, 16 per cent higher than earnings of S$2.24 billion.





NIM is up . Net Fee income also up.

9 month Net profit is up 35% to 7.89b.

ROE is 18.6%.

A beautiful sets of financial numbers!

Declared interim dividend of 48 cents. 

XD 14 Nov.

Not a call to buy or sell!

Pls dyodd. 


Keppel DC Reit - It has retreated from 1.88 to 1.78, looks like opportunities is back!

 I think nice profit taking and corrected back to 1.78, I think opportunities is back! 



Nibbled some at 1.78.

Please dyodd.

 

Swee! Locked in kopi money at 1.85. EP https://sporeshare.blogspot.com/2023/11/yesterday-nice-white-soldier-appeared.html?m=1. 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.

Lendlease Reit - 3rd quarter results update is out! No financial numbers being mentioned like total Gross Revenue, NPI etc. Gearing is up from 39.6% to 40.6%.

 3rd quarter results update. 

No financial numbers is being mentioned on the update!



Mainly saying occupancy is the same as last quarter 99.9%. ICR 3.9% seem not bad! 

Gearing has edged up to 40.6%. I think financial costs may increase again! 

Pls dyodd. 



Chart wise, it has managed to bounce-off from 49 cents to close at 55.5 cents seems rather positive! 

Immediate resistance is at 57 cents. 

let's see how market react tomorrow!

 Chart wise,  bearish mode!



No sign of reversal!

How far it will go lower is a guessing number! 

I think is good to stay cautious!

Please dyodd.

 Is this a value trap or golden opportunity? 

I think I am gearing more towards extra cautious mode! 

The market is weak and all waiting for Fed meeting in September whether will there be another hike or postpone till November. 

NAV 0.787. Yearly dividend is about 4.7 cents.  Yield is about 8.4%.

The current high interest rates environment is likely increase their operation costs and thereby eating into their distribution income and lower the dpu payout.



Chart wise, looks like the same scenario may play out like Ireit chart patterns. 

short term wise, it may go down to revisit 50 cents.

Please dyodd.

Quote: citi analyst - LREIT’s gearing for the 4QFY2023 ended June 30 stood at 40.6%, which is its highest level since it listed on October 2019.
“We estimate a higher look-through (including $0.4 billion [in] perpetual securities (perps) and debt at Parkway Parade Partnership’s level) gearing of 50.5%, which ranks highest among S-REITs under our coverage (average 40.1%),” Lee writes. Is good to be extra cautious!


The manager of Lendlease Global Commercial REIT (“Lendlease Global REIT”), announced today that it has successfully completed its Initial Public Offering (“IPO”) of 387,474,987 units in Lendlease Global REIT (“Units”) at S$0.88 each (“Offering Price”), in connection with the proposed listing.

IPO price at 0.88 I think likely a history! 

Those got it at IPO is still loosing money even with dividend collected.

Pls dyodd.

Monday, November 6, 2023

CapLand Invest (9CI.SI) - 2 white soldiers spotted on the charts plus high volume looks rather interesting! Will we be seeing the 3rd white soldier follow through!

 Wah, nice rebound from 2.91 and rises up to close well at 3.13. Coupled with high volume this is rather bullish!



2 white soldiers spotted on the chart looks like a 3rd white soldier may follow through! 

Chart wise,  I think likely to rise up to test 3.20 than 3.24. A nice breakout of 3.24 plus high volume we may likely see her rising up to test 3.30 than 3.45.

Pls dyodd. 


 A nice green bar spotted on the chart after the series of selling down looks rather interesting!

I think a rebound may likely happen!



At 2.91, let's says yearly dividend is 12 cents / 15 cents yield is about 4.15% and 5.15%. 

The recurring fees from the list of reits counter they're managing under CapitaLand would certainly a plus point to sustain their revenue and dividend payout! 

With US indexes closed positively - Dow +500 points, Nasdaq 100+ points likely to see sti mirroring the US indexes. 

November rate hike most probably might be paused I think this might bode well for the market. 

I think gd pivot point is here!

Pls dyodd. 



Chart wise, bearish mode! She has gone down to touch 2.92 this morning,  looks like gd pice is here! 




At 2.92 yield is about 4.11%.

NAV 2.84.

The comp has been actively buying back share.

Yesterday they have bought back 4m share at 3.03.

Not a call to buy or sell.


 I think good opportunity is back! 





At 3.03, yield is about 3.96%. Immediate support is at 3.00-2.98. She has managed to stay above the recent low of 3.02. If 3.00 cannot hold then we may see her going down to test 2.95 than 2.85.

Not a call to buy or sell!

Please dyodd.

Pls dyodd.

 CapitaLand Investment  - Results is out, not bad! Total Revenue is down 1% to 1345m, Operating PATMI is dien 1% to 344m, recurring FM fee grow by 10% to 183m, awesome!


I think Results is not bad and Operating profit is quite stable!




I think yearly dividend of 12 cents is sustainable and may be see further increase if FM fee grow faster than expected! 




I have nibbled small unit at 3.26 yesterday during the closing!




Aiming for some kopi money!

At 3.26, the yield is about 3.65% if the yearly dividend is 12 cents. 

She is due to report her 1st half results on 11th August that may provide us the clue how is the direction of the share price! 

Not a call to buy or sell!

Please dyodd.

Let's monitor and wait for her to dip a bit to 3.22-3.26 and see if it can cross the resistance at 3.28 smoothly before taking further action !



At 3.29, yield is 3.6%.

Not a call to buy or sell!

Please dyodd. 


Chart wise,  bearish mode!

Likely to continue to trend lower!



Short term wise,  I think she may go down to test 3.20.

Breaking down of 3.20 plus high volume she may continue to slide further down to 3.00 then 2.94.

Yearly dividend is 12 cents. Yield is about 3.72% at 3.22.

Please dyodd.




  





"CapitaLand Investment remains steadfast in being a trusted partner as we strengthen our position as a leading global real estate investment manager which delivers high quality returns."






After a successful demerger from the development business of CapitaLand Limited (“CapitaLand” or the “Parent Group”), CapitaLand Investment (CLI) was listed on SGX-ST on 20 September 2021. This transformative transaction created one of Asia’s leading listed real estate investment managers (REIM) and one of the largest REIMs in the world. Since day one, we have focused on putting our proven track record of investment management and fee income growth to work — unlocking more long-term value for our shareholders. 

CLI’s investment management leadership in Asia began about two decades ago, when we listed Singapore’s first real estate investment trust (REIT), CapitaLand Mall Trust. Today, our six listed funds across Singapore and Malaysia hold a Funds under Management (FUM) of approximately S$60 billion. 

And that’s only part of the real estate portfolio that we’ve built — over S$29 billion FUM are also managed through a comprehensive and expanding private funds platform comprising more than 30 private vehicles.

​Including assets held directly by CLI as well as assets managed through our global lodging platform, CLI oversees S$133 billion in Real Estate Assets Under Management (RE AUM).

In addition to Singapore, CLI’s core markets include China and India. But our boots on the ground extend far beyond that, to markets across Asia Pacific, Europe, and the USA. Our real estate and management expertise has helped us amass a diversified portfolio of recognisable brands, operating platforms, and asset classes which include retail, office, lodging, business parks, industrial, logistics and data centres.





CapitaLand Investment's (CLI) listed funds business comprises five REITs and business trusts listed on the Singapore Exchange and one on Bursa Malaysia, with a total market capitalisation of S$32.2 billion1. Our listed funds portfolio is focused on driving sustainable distributions and increasing value for our unitholders.


Over time, we have built a strong track record as a Sponsor, making sure our listed funds are always efficiently structured and well-positioned for continued growth.

CapitaLand Investment managed the listed reit companies like Ascendas REIT,  CapLand China Trust,  CapLand Ibdia Trust,  CapitaLand Integrated Commercial Trust and Ascott trust. 

  • CapitaLand Investment (CLI) owns and manages over 1,000 quality properties across the globe, providing a wide range of integrated real estate solutions for work, live and play. The current assets pipeline on CLI's balance sheet provides a diversified stable of high-quality assets with visible monetisation potential.   

    With a full stack of investment and operating capabilities, we present a unique value proposition for our partners, investors, tenants and customers.





ThaiBev - I think good price is here! Full Year results cum final dividend should be out in November! Do keep a look out!

  

Chart wise, bearish mode!

She will need to over the resistance at 56 cents . 



A nice breakout smoothly plus good volume that may likely drive the price towards 60 than 61.5 cents.

Yearly Dividend is about 2.3 cents! Yield is about 4.22% at 54.5 cents.

Not a call to buy or sell!

Pls dyodd. 



Wee Joo Yeow, an independent director of Thai Beverage Public Company, has snapped up 100,000 shares on June 7 at 55 cents each. 

ThaiBev ID Wee gulps 100,000 shares as price dips to pandemic-low.

Quote: https://www.theedgesingapore.com/capital/insider-moves/thaibev-id-wee-gulps-100000-shares-price-dips-pandemic-low




Thai Beverage Public Company Limited (“ThaiBev”, and together with its subsidiaries, the “Group”) is a leading beverage company in Southeast Asia and the largest in Thailand. The Group's vision is to be a world-class total beverage company embodying commercial excellence, continuous product development and premiumization, as well as professionalism. ThaiBev's business consists of four segments – spirits, beer, non-alcoholic beverages, and food.

The Group was listed on the mainboard of the Singapore Exchange in 2006. In 2012, ThaiBev expanded its business overseas through the acquisition of Fraser and Neave, Limited (“F&N”), a highly-recognized company in Singapore with a portfolio that boasts many renowned brands. With the acquisition of F&N, the Group further cemented its position as the leading beverage producer and distributor in the region. In 2017, ThaiBev further broadened its presence in the region with the acquisition of a 75% stake in the


Grand Royal Group (“GRG”), the largest player in Myanmar's whisky market, as well as an acquisition of a 53.59% stake in Saigon Beer-Alcohol-Beverage Corporation (“SABECO”), a leading beer producer in Vietnam, which made the Group the largest beer player by volume in Southeast Asia.



Businesses and Products

As of 30 September 2020, ThaiBev has 218 subsidiaries and associates, including 19 distilleries, three breweries, and 21 non-alcoholic beverage production facilities. The Group also has an extensive distribution network covering 400,000 points of sale in Thailand. In addition, ThaiBev has an international presence in over 90 countries. The Group has five production facilities in Scotland which are known for producing single malt scotch whiskies such as Balblair, Old Pulteney, as well as Speyburn; has interests in two production facilities in Myanmar which produce the top-selling whisky in the country; and owns one distillery in China which produces the famous Yulinquan Chinese spirit.

ThaiBev's most recognized spirits brands include Ruang Khao, SangSom, Mekhong, Hong Thong, and Blend 285, as well as GRG's iconic Grand Royal whisky; and the Group's signature beer, Chang, is very popular among Thai beer drinkers, while SABECO's Bia Saigon and 333 are the top-selling beer brands in Vietnam. In the non-alcoholic beverage space, ThaiBev's leading brands include Oishi green tea, est cola, and Crystal drinking water, as well as F&N's sparkling drinks and 100PLUS isotonic drink. In addition, the Group operates Japanese restaurants, as well as ready-to-cook and ready-to-eat food businesses through its subsidiary Oishi Group Public Company Limited. ThaiBev has also started branching out from these well-established Japanese restaurants and food products, and is accelerating the expansion of its food business by leveraging its subsidiary Food of Asia and its franchise outlets under KFC, the most popular quick service restaurant brand in Thailand.



The beer industry is the main business that helps make the Thai Beverage Plc. empire into a progressive and strong conglomerate as it currently is through its perennially highest selling product until today – Beer Chang, the international Gold Medallion winner – born from the hearts and pride in being Thai.

Beer Chang is produced from three breweries with international standard. One in Kamphaeng Phet belongs to the Beer Thai (1991) Public Company Limited, another in Bang Baan district, Ayutthaya belongs to Beer Thip Brewery (1991) Co., Ltd. and the other in Wang Noi, Ayutthaya belongs to the Cosmos Brewery (Thailand) Co., Ltd.

 Beer Thai (1991) Public Company Limited



Beer Chang was conceived with the visionary outlook of the top executives to expand the beer market with a Thai taste albeit with international quality, to give the consumers an alternative with the fervent belief in the brewing and production capability of the Thais. The first bottle of Beer Chang rolled off the production line on April 4, 1994, from the brewery in Bang Baan district, Ayutthaya. It was officially marketed on March 2, 1995.

The popularity of Beer Chang quickly and continuously increased. This led to a major expansion in production capacity to respond to consumer demands. A new brewery was constructed in Kamphaeng Phet under the management of the Beer Thai (1991) Public Company Limited. It later became a public company in 2001, with a registered capital of 5,500 million baht.

The Kamphaeng Phet brewery began construction in November 1999 at the cost of 9,000 million baht. It started beer production on October 12, 2001 and the first bottle of Beer Chang rolled off the brewery on November 23, 2001.



It has a land area of 1,600 rai, utilizing the latest production technology in the world. Every step in the production process is highly efficient with all the standards implemented throughout the process with emphasis on energy conservation, pollution control and environmental awareness. The Company received ISO 9002: 1994 certification on September 26, 2000 and ISO 9001: 2000 certification on September 12, 2001. The environmental standard certification ISO 14001: 1996 was awarded to the company on November 7, 2001.




Chart wise,  she is slowly gaining momentum!

 A nice breakout of 0.59 smoothly plus good volume I think She may rise up to test 0.61 then 0.63 with extension to 0.67-0.70.

Yearly dividend of about 2.3 cents, yield is about 4%.

Please do your own due diligence! 

Note:

Quote:- KGI Securities has reiterated its "buy" call on Thai Beverage with a Target price of 0.65. https://www.theedgesingapore.com/capital/brokers-calls/kgi-reiterates-buy-call-thai-beverage-citing-favourable-post-election

Sunday, November 5, 2023

DBS Group - 3rd quarter results is out! Net profit is up 16% to 2.59b, interim Dividend of 48 cents. Results beat analysts expectations! Likely to see some buying activities! Pls dyodd.

 DBS Group reported net profit of S$2.59 billion for the third quarter ended September, 16 per cent higher than earnings of S$2.24 billion.





NIM is up . Net Fee income also up.

9 month Net profit is up 35% to 7.89b.

ROE is 18.6%.

A beautiful sets of financial numbers!

Declared interim dividend of 48 cents. 

XD 14 Nov.

Not a call to buy or sell!

Pls dyodd. 


Saturday, November 4, 2023

Keppel Infra Tr (KIT) - Wah, the power of Special dividend, A nice long and bullish candlesticks likely to continue to rise up further to test 50 than 52 cents.

 Fantastic! Price Gap up and closed +4.5 cents to close at 48.5 cents  looks rather positive! 



I think likely to rise up to test 50 than 52 cents.

XD 9 November.  Pay date 20 November. I think cash 

Flow is good pay out so fast! 

Please dyodd. 

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.

Venture Corporation - Hosey! She has manged to climb higher and closed well at 14.23, almost approaching the recent high of 14.74 if you add back the dividend of 50 cents. Looks rather bullish! Likely to continue to trend higher!

  Venture Corporation  - Hosey! She has manged to climb higher and closed well at 14.23, almost approaching the recent high of 14.74 if you ...