Sembcorp Ind - After XD on 6th May the price started correcting from 6.69 to touch the low of 6.07 and slowly recover to 6.21. She is still not out of the wood yet

 Sembcorp Ind  - After XD on 6th May the price started correcting from 6.69 to touch the low of 6.07 and slowly recover to 6.21. She is still not out of the wood yet.

I have planted small units at 6.16 about 4% yield and see how it progress.  If the price goes lower then may be can add some along the way. Pls dyodd. 

Sembcorp Ind - Chart wise,  bearish mode. She may go down to test 5.98 than 5.60.

At 5.60, yield is about 4.45%. Pls dyodd. 

  Sembcorp Ind  - After XD, price continues to trend lower,  likely to go down to test 6.00 and below.

Next, she may go down to test 5.87 than 5.80.Pls dyodd. 

 Sembcorp Ind  - Chart wise,  looks like the simple moving average indicator has started to turning down, doesnt look good!

She may go down to test 6.32. If unable to hold , she may go further downward to test 6.00 and below.

XD 6th May 16 cents dividend.  Do take note! Pls dyodd. 

SingTel - Sold down upon releasing a good sets of financial numbers. She is down 32 cent to 4.70. She may continue to drift lower towards 4.58 the recent low

 SingTel  - Sold down upon releasing a good sets of financial numbers.  She is down 32 cent to 4.70. She may continue to drift lower towards 4.58 the recent low.

 FOR THE SECOND HALF YEAR ENDED 31 MARCH 2026

 Operating revenue, EBITDA and OpCo EBIT1 rose 2.7%, 1.1% and 4.7% 

respectively, driven mainly by NCS, Digital InfraCo and Optus.

 Associates’ post-tax profit contributions rose 11%. Excluding Intouch2 and 

in constant currency terms3, the associates’ post-tax contributions would 

have risen 26% due to strong performances from Airtel, AIS and Globe.

 Underlying net profit increased 11%.

 A net exceptional gain of S$787 million was recorded, primarily from the 

sale of a partial stake in Airtel.

 Net profit after net exceptional gain amounted to S$2.20 billion.

 Free cash flow was down 16% on lower operating cash, partially offset by 

lower capital expenditure. Excluding a special dividend from Intouch in the 

last corresponding period, free cash flow would have declined 2.4%. 

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026

 Operating revenue remained stable, while EBITDA and OpCo EBIT1 were 

up 1.5% and 8.9% respectively, driven mainly by NCS and Optus.

 Associates’ post-tax profit contributions increased 10%. Excluding

Intouch2 and in constant currency terms3, the associates’ post-tax 

contributions would have risen 25%, led by Airtel and AIS. 

 Underlying net profit rose 12% to S$2.77 billion. 

 With a higher net exceptional gain, net profit increased 40% to S$5.61

billion. 

 Free cash flow declined 1.5%, mainly due to higher capital expenditure 

partially offset by higher operating cash. Excluding dividends received from 

Intouch in the last corresponding period, free cash flow would have grown 

SingTel - 2nd Half results is out. Net profit after net exceptional gain amounted to S$2.20 billion.Operating revenue, EBITDA and OpCo EBIT1 rose 2.7%, 1.1% and 4.7% respectively, driven mainly by NCS, Digital InfraCo and Optus.Final dividend of 10.3 cents.

 FOR THE SECOND HALF YEAR ENDED 31 MARCH 2026

 Operating revenue, EBITDA and OpCo EBIT1 rose 2.7%, 1.1% and 4.7% 

respectively, driven mainly by NCS, Digital InfraCo and Optus.

 Associates’ post-tax profit contributions rose 11%. Excluding Intouch2 and 

in constant currency terms3, the associates’ post-tax contributions would 

have risen 26% due to strong performances from Airtel, AIS and Globe.

 Underlying net profit increased 11%.

 A net exceptional gain of S$787 million was recorded, primarily from the 

sale of a partial stake in Airtel.

 Net profit after net exceptional gain amounted to S$2.20 billion.

 Free cash flow was down 16% on lower operating cash, partially offset by 

lower capital expenditure. Excluding a special dividend from Intouch in the 

last corresponding period, free cash flow would have declined 2.4%. 

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026

 Operating revenue remained stable, while EBITDA and OpCo EBIT1 were 

up 1.5% and 8.9% respectively, driven mainly by NCS and Optus.

 Associates’ post-tax profit contributions increased 10%. Excluding

Intouch2 and in constant currency terms3, the associates’ post-tax 

contributions would have risen 25%, led by Airtel and AIS. 

 Underlying net profit rose 12% to S$2.77 billion. 

 With a higher net exceptional gain, net profit increased 40% to S$5.61

billion. 

 Free cash flow declined 1.5%, mainly due to higher capital expenditure 

partially offset by higher operating cash. Excluding dividends received from 

Intouch in the last corresponding period, free cash flow would have grown 

Aem - Yesterday, it had fallen below the Gapped at 8.35 and managed to bounce-off from the low of 7.98 and closed at 8.80, looks like some buying activities spotted

 Aem - Yesterday,  it had fallen below the Gapped at 8.35 and managed to bounce-off from the low of 7.98 and closed at 8.80, looks like some buying activities spotPls.The volume is not that high, that see how it fares today. I think fund has locked in profit when she was being pushed up to a high of 10.68. The pushing seem too overstretched. Pls dyodd. 

  AEM - The Gapped up this morning plus continue to push it higher and closed all time high at 9.91, looks rather extremely over stretched. Likely to pullback!

Pls dyodd. 

How deep is the pullback,  nobody knows!

AEM Reports Strong 1Q FY2026 Results Driven by AI/ HPC 

Production Ramp, Revises Revenue Guidance Upwards

• 1Q2026 revenue increased 35.8% year-on-year to S$116.9 million

• Profit before tax rose to S$17.8 million, with PBT margin expanding to 15.2%

• Test Cell Solutions revenue grew 72.0% year-on-year, driven by AI/HPC production 

deployments

• FY2026 revenue guidance raised by approximately 20% to S$550 million to S$600 

million

• Continued momentum from fabless AI/HPC customer and improving demand from 

PC/Foundry customer.

Looks like finally can see their businesses turning around.  Net profit increased 329.4% to 14+m vs 3.3m last year.

The Company is back to net cash position of 56.5m.

Tomorrow will the price Gapped up and rises higher to test 9.00.

AEM - Chart wise   bullish mode.  She is gaining strength likely to rise up to test 8.00 and above.

Beyond 8.00, she may rise further higher towards 8.36 the recent high!

A nice breakout smoothly at 8.36, she may continue to trend higher towards 9.00 and above. Pls dyodd.

Frencken - 1st quarter results update is out. Across the board, Gross revenue, net profit and profit margins all decreased doesnt seem so rosy.For 1Q26, the Group reported revenue of S$202.0 million and gross profit margin of 14.4%. Net profit attributable to equity holders of the Company (“PATMI”) for 1Q26 totalled S$8.0 million which included a foreign exchange loss of S$1.1 million.

 For 1Q26, the Group reported revenue of S$202.0 million and gross profit margin of 14.4%. Net profit 

attributable to equity holders of the Company (“PATMI”) for 1Q26 totalled S$8.0 million which included a 

foreign exchange loss of S$1.1 million.

REVENUE ANALYSIS

The Mechatronics Division’s revenue decreased 7.7% yoy to S$180.4 million in 1Q26. This was due 

mainly to lower revenue contributions from the semiconductor and analytical life sciences segments of 

Mechatronics Europe. The revenue performance of this division’s main business segments in 1Q26 is

provided below:

− Semiconductor segment’s revenue eased 7.0% yoy to S$98.8 million. Mechatronics Asia registered 

robust sales growth from its key front-end and back-end semiconductor equipment customers during 

1Q26. This partially cushioned against the decrease in sales from Mechatronics Europe, which saw 

a moderation in orders of an advanced module for EUV systems from its peak level in 2025.

The Group will maintain a diverse portfolio that provides exposure to technology businesses of varying

growth and stability profiles for better resilience.

Its strategic focus in the next phase is to capitalise on current tailwinds and emerging opportunities for

core businesses as well as build new growth engines, through organic and/or inorganic avenues. 

To support its growth plans to reach and go beyond the S$1 billion revenue mark, Frencken has 

embarked on an organisational alignment initiative to build a scalable and efficient infrastructure. Thismulti-phase initiative will see a centralisation of horizontal functions to raise productivity, improve 

resource deployment and extract cost efficiencies in the future. 

• Core businesses’ outlook / New business pillars

Frencken is well-positioned to ride the current semiconductor upcycle as it serves market-leading 

OEMs across a broad spectrum of chip manufacturing processes from wafer fabrication to assembly 

and test. 

Mechatronics Asia’s growth in 1Q26 was driven by sustained demand from key front-end and back-

end semiconductor equipment customers. It currently sees a positive growth trajectory supported by

active semiconductor programs in volume production, multiple First Articles and new projects as the 

division continues to build on future pipeline and wallet share.

Mechatronics Europe is proactively aligning its capacity and resources as engagements with a key 

semiconductor customer reaffirm a recovery in order flow from the second half of FY2026.

The medical segment is poised for stable growth as the Group continues to support its customers in 

Europe. It also plans to explore opportunities with other prospective customers from the healthcare 

equipment sector in Asia.

Sembcorp Ind - Chart wise, bearish mode. She may go down to test 5.98 than 5.60

Sembcorp Ind - Chart wise,  bearish mode. She may go down to test 5.98 than 5.60.

At 5.60, yield is about 4.45%. Pls dyodd. 

  Sembcorp Ind  - After XD, price continues to trend lower,  likely to go down to test 6.00 and below.

Next, she may go down to test 5.87 than 5.80.Pls dyodd. 

 Sembcorp Ind  - Chart wise,  looks like the simple moving average indicator has started to turning down, doesnt look good!

She may go down to test 6.32. If unable to hold , she may go further downward to test 6.00 and below.

XD 6th May 16 cents dividend.  Do take note! Pls dyodd.