Frasers L&C Tr - Reports 1HFY26 DPU of 2.95 cents. Marginally decreased 1.7 percent versus 3 cents last year. Positive rental reversion of 8.8 percent, Gearing 33.7 percent, ICR more than 4x

 Frasers Logistics & Commercial Trust Reports 1HFY26 DPU of 2.95

Singapore Cents

Key Highlights

 Average portfolio rental reversions of +8.8% (incoming rent vs. outgoing rent basis) and +22.0% 

(average rent vs. average rent basis) achieved for the period from January to March 2026

 Overall portfolio occupancy of 96.1% with a WALE of 4.9 years

 Healthy aggregate leverage of 33.7% as at 31 March 2026, with interest coverage ratio of 4.4 times.

I think results is showing some improvement,  hopefully,  it will get better!

XD 14th May 2026.

FLCT reported revenue of S$238.9 million and Adjusted Net Property Income of S$167.0 million for 1HFY26, 

representing increases of 2.8% and 3.6% respectively, from S$232.3 million and S$161.3 million in the first 

half of FY2025 (“1HFY25”). The year-on-year increases were mainly due to positive rental reversions and 

annual increment from rent review from AU L&I and EU L&I segments, full contribution from 2 Tuas South Link 

1 as acquisition was completed in November 2024, effects of higher average exchange rate (of AUD, EUR 

and GBP against the SGD) in 1HFY26 relative to 1HFY25. The increase was partially offset by the divestment

of 357 Collins Street in September 2025, higher vacancies in ATP and FBP, and higher non-recoverable land 

taxes for Victoria and Queensland, Australia. 75.0% of 1HFY26 management fees were taken in units

(1HFY25: 43.1%). 

The distribution per unit (“DPU”) for 1HFY26 was 2.95 Singapore cents, representing an annualised distribution 

yield of 6.6%2. The 1HFY26 DPU will be paid on 22 June 20263.

Olam Group - Nice breakout today plus managed to clear 1.11 level with ease and closed higher at 1.18, looks rather bullish. She may continue to trend higher towards 1.29

  Olam Group  - Nice breakout today plus managed to clear 1.11 level with ease and closed higher at 1.18, looks rather bullish.  She may continue to trend higher towards 1.29.Pls dyodd. 

Hosey! Nice Gapped Up this morning! She is rising up to test 1.11  A nice crossing over with ease plus good volume we may see her rising up further towards 1.20 and above. 

Olam Group  AGM , they are quite generous! Handling out $30 grocery voucher plus some of their products! This year also provide mee Siam,  quite nice plus tea, coffee and Milo.

Future dividend will be depending how OFi and other businesses perform plus the divestment proceeds to hand out as Special dividend.

Olam Group  - Gd news as it has manged to secure the regulatory approvals for its proposed US$1.8 billion sale of 44.58 per cent of its agribusiness unit Olam Agri to a Saudi fund. Going forward, they can focus in expanding Olam OFI and hopefully have the IPO listing news soon! Their plan is to pared down assets and repay all debts to gain debts free position.  Hopefully,  can see price rising above 1.00 and perhaps going up further towards 1.20-1.30 level. Pls dyodd. 

Quote: Olam Group has secured all required regulatory approvals from a total of 21 jurisdictions for its proposed US$1.8 billion sale of 44.58 per cent of its agribusiness unit Olam Agri to a Saudi fund.

“The regulatory approvals in respect of the remaining one jurisdiction has been obtained,” Olam said on Thursday (Apr 16).

The proposed sale is expected to be completed “in due course” and is the first of two tranches in Olam’s planned US$2.6 billion disposal of its remaining 64.57 per cent stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (Salic).

Venture - Tomorrow XD, 50 cents dividend. Share price has been stucked in the range of 16-16.60. Still unable to cross over 17

 Venture  - Tomorrow XD, 50 cents dividend.  Share price has been stucked in the range of 16-16.60. Still unable to cross 17.00. Most of the Tech counters already rallies when will be your turn to perform .

 The selling seem to have more or less done, likely to see a rebound to rise up to test 15.60 than 16.00. Pls dyodd.

 Venture  - 2nd Half results is out. 4th quarter Net profit is higher than last year!The Group registered net profit of S$227.0 million for FY2025. This translated to a  healthy net margin of 9.0%.

VENTURE REPORTS SEQUENTIAL QUARTER GROWTH

AND PROPOSES FINAL DIVIDEND OF 50 CENTS PER SHARE, XD 5th May.Paydate 15 May.

BRINGING FY2025 TOTAL DIVIDEND TO 80 CENTS PER SHARE

• 4Q 2025 revenue and net profit rose quarter-on-quarter as 

strategic initiatives gained traction

• FY2025 dividend of 80 cents per share represents 6.7% increase against FY2024

• The higher dividend and share buyback plan executed over 2025

reflects Venture’s continued commitment to enhancing totalshareholder return.

A stronger quarter ended 31 December 2025 compared to the 

quarter ended 30 September 2025. Revenue rose 2.9% quarter-on-quarter to S$645.4

million, mainly due to growth from the Test & Measurement Instrumentation and 

Networking & Communications technology domains as our strategic initiatives gained traction.

Total revenue of S$2,534.5 million, a decline of 7.4% year-on-year. This was mainly 

attributable to the Lifestyle Consumer technology domain. We improved the reliability 

and longevity of a customer’s key product through our R&D and design contribution, 

which led to lower product replacements

.

CapLand Investment (9CI.SI) - I think gd price is back. At 2.78, yield is about 4.3 percent. Assets light and earnings is based on management fees, interest loan fees seem sustainable. With the recent Income 8 assets to let CapitaLand manage their properties, management fees likely get boosted for Y2026.Yiled is pretty decent 4.3 percent

 

CapLand Investment (9CI.SI) - I think gd price is back. At 2.78, yield is about 4.3 percent.  Assets light and earnings is based on management fees, interest loan fees seem sustainable.  With the recent Income 8 assets to let CapitaLand manage their properties,  management fees likely get boosted for Y2026.Yiled is pretty decent 4.3 percent. Pls dyodd. 

 Phillip Securities has a TP of 3.69.

1Q26 revenue of S$487mn (-2% YoY) was slightly below our estimates, forming 21% of our FY26e forecast. Fee-related revenue was the standout performer, rising 10% YoY, driven by strong growth in listed (+14%) and private funds (+58%) management, while REIB revenue declined 14% following the divestment of the Synergy platform

CapitaLand Investment's (SGX:9CI) fee-related revenue rose 10% year over year to SG$310 million during the first quarter of the year, according to a Wednesday filing with the Singapore Exchange.

The increase in fee-related revenue was driven by strong growth in listed funds, including the company's share of SC Capital Partners' fee revenue.

Meanwhile, the private funds segment surged 58% year over year to SG$41 million.

CapLand Investment  - Final dividend of 12 cents,  XD 4th May. Paydate 14 May, awesome! AGM is on 28 April 10AM. Do take note!

  Nibbled small units at 2.77. Looks like a strong support level!Yield is about 4.3%. Pls dyodd 

CapLand Investment  - I think price is back to interesting price level! At 2.84, yield is about 4.22 percent seem not bad!She may rise up to test 2.96 than 3.p2 and above. XD in May 2026 for 12 cents dividend. Pls dyodd 

 The price being corrected sharply to 2.78, looks like boat is back! Yield is about  4.31%, seem not bad! Pls dyodd. 

CapLand Investment  - A bullish green candlesticks appearing on the chart after the recent profit taking situation. The price may rise upbto test 3.09-3.12!

Beyond 3.12, shw may rise up to retest 3.17 and above. Pls dyodd. 

Is a great relief! Price rebounded from 2.90 to close at 3.09! Hopefully,  it can stay at this level before XD! Is never wrong to lock in some profit! Pls dyodd. 

Today, went for lunch at this place call Embun seafood restaurant! Somewhere near the Seletar Airport.  The food is quite nice! Is a quiet place tugging away surrounded by many trees and greenery! 

Had giant crab, satays, Fish, prawns, sotong,  veggies and dessert. 

(CLI) recorded stronger Operating PATMI of S$539 million for the Financial Year (FY) 2025, 

up 6% year-on-year (YoY) from S$510 million in FY 2024. At the same time, CLI continued to 

scale its platform, with FUM growing 7% to S$125 billion1 as at end-2025, supported by 

positive fundraising momentum as total equity raised almost doubled to S$6.5 billion.

The improved Operating PATMI of S$539 million in FY 2025 was driven by higher contributions

from the listed funds business, lower interest costs and reduced operating expenses. These 

were partially offset by growth-related expenses to scale the private funds and lodging 

management business, as well as lower contributions following asset divestments. 

Total PATMI for FY 2025 was S$145 million compared to S$479 million in FY 2024, mainly 

due to lower portfolio gains and higher revaluation losses on the Group’s China portfolio.

CLI declared a final dividend of 12 cents, unchanged y-o-y, reflecting a payout ratio of more than 100%.

reflecting continued market softness. Meanwhile, total revenue was stable3 at S$2,133 million

for FY 2025, with higher fee-related revenue earnings, offset by lower contributions from the 

real estate investment business (REIB) post-divestments.

Through disciplined and focused execution, CLI grew FUM to S$125 billion1 as at end-2025, 

up from S$117 billion a year earlier. FUM growth was driven by strong capital raising momentum,

supported by larger follow-on funds launched during the year, as well as positive organic and 

inorganic growth, including CLI’s strategic investments in Wingate and SC Capital Partners. 

Miguel Ko, Chairman of CLI, said: “Amid a challenging and uncertain macroeconomic 

backdrop in 2025, we made steady progress, reinforcing and scaling our platform for long-

term growth. Our strategic investments in Wingate and SC Capital Partners have deepened 

capabilities and broadened institutional reach for CLI. We will continue to build on this 

momentum and focus on long-term value creation, anchored by strategic partnerships and 

disciplined capital allocation.”

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

 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. 

Mapletree Log Tr - 4th quarter results is out. I think is not bad! DPU is slightly up 0.9 percent to 1.819 excluding divestment gains. Gross revenue is down 1.7 percent to 176.5m. Borrowing costs is down 3 percent to 37.5m vs 38.7m.

 Mapletree Log Tr  - 4th quarter results is out.  I think is not bad! DPU is slightly up 0.9 percent to 1.819 excluding divestment gains. XD 8th May 2026. Gross revenue is down 1.7 percent to 176.5m. Borrowing costs is down 3 percent to 37.5m vs 38.7m. 

NPI is down 0.9% to 151.4m vs 152.8m.Property Expense is down 6.3% to 25.1m vs 26.8m. 

Occupancy rate improved from 96.4% to 96.9%. Gearing 40.6%. 

On a year-on-year (“y-o-y”) basis, gross revenue and net property income (“NPI”) for 4Q FY25/26 

were 1.7% and 0.9% lower respectively, primarily driven by absence of contributions from divested 

properties and weaker regional currencies. Excluding the impact of divestments and currency 

volatility, MLT would have registered growth in revenue and NPI of S$3.6 million and $4.1 million

respectively, attributable to higher contributions from the existing portfolio and contribution from the

newly completed redevelopment project in Singapore. At the distribution level, the effect of currency 

volatility was largely mitigated through hedging.

Borrowing costs were 3.0% lower y-o-y largely due to proactive refinancing efforts and paying down 

of debt with proceeds from divestments. This helped cushion the absence of divestment gains, which 

was discontinued in FY25/26 but had contributed S$7.7 million in 4Q FY24/25. Accordingly, the

amount distributable to Unitholders fell 6.1% y-o-y and DPU was 7.0% lower on an enlarged unit 

base. Excluding divestment gains, DPU from operations rose 0.9% compared to the prior year.

IN-light of the ongoing Middle East conflict and broader supply chain uncertainties, we remain vigilant 

and focused on execution. Our immediate priorities are to preserve portfolio stability through tenant 

retention, prudent cost management and active lease management, while continuing our portfolio 

rejuvenation strategy to unlock value and position MLT for sustainable long-term growth.

Similarly, for the 12 months to 31 March 2026, the decline in gross revenue and NPI of 2.6% and

2.4% respectively reflects the impact of divestments combined with regional currency weakness.

Excluding these impacts, MLT’s portfolio would have reported higher revenue and NPI by 

S$6.1 million and S$5.4 million respectively, anchored by resilient same-store performance and new 

contribution from the redevelopment project.

Absent the distribution of divestment gains which contributed S$27.0 million in FY24/25, the amount 

distributable to Unitholders fell 8.9% to S$370.1 million, and DPU was 9.8% lower at 7.262 cents.

Excluding divestment gains, DPU from operations was 3.4% lower y-o-y.