CapitaLand Ascendas REIT - PO of 2.35 to 2.40 for the acquisition of 11 assets

 LAUNCH OF EQUITY FUND RAISING TO RAISE GROSS PROCEEDS OF 

NO LESS THAN APPROXIMATELY S$900 MILLION.

Between S$2.406 and S$2.450 for each Private Placement Unit

Between S$2.35 and S$2.40 for each Preferential Offering Unit.

To fund the acquisition of 10 properties. 

Advance DPU of 3.75 cents. XD 31 March 2026. 

ANNOUNCEMENT

THE ACQUISITIONS OF 

(A) A 100.0% INTEREST IN AND LEASEBACK OF A LOGISTICS ASSET LOCATED IN 

SINGAPORE, (B) A 50.0% INTEREST IN A BUSINESS SPACE ASSET LOCATED IN 

SINGAPORE AND (C) A 49.0% INTEREST IN A DATA CENTRE ASSET LOCATED IN JAPAN

DPU Accretion

The aggregate pro forma distribution per Unit (“DPU”) accretion of the Prior Acquisitions and 

the Acquisitions is approximately 4.1%, assuming the Prior Acquisitions and the Acquisitions 

were completed on 1 January 2025.

The Potential Acquisitions are expected to be DPU accretive on a pro forma basis.

For illustrative purposes only, the estimated aggregate pro forma DPU accretion of the Prior 

Acquisitions, the Acquisitions and the Potential Acquisitions is between 4.2% and 4.3%, 

assuming the Prior Acquisitions, the Acquisitions and the Potential Acquisitions were 

completed on 1 January 2025.

Gearing will decrease from 39% to 34.5%. 

Sembcorp Ind - One of the few counter that is in the green when the whole market is in the red

 Sembcorp Ind  - One of the few counter that is in the green when the whole market is in the red! She may rise up to test 6.40 than 6.55 and above. Pls dyodd. 

She had managed to clear the 6.00 price level swiftly and is now trading at 6.16, looks rather bullish! She may continue to trend higher towards 6.40 and above! Pls dyodd. 

  Sembcorp Ind  - She has bounce-off from 5.67 and closed higher at 5.77, looks like shw may have hit the bottom and rebounded. Yield is about 4.33 percent seem quite decent. XD 6th May 16 cents Final dividend!

Renewal energy and Electricity sector likely remain in demand whether in good time or bad time. Pls dyodd. 

Sembcorp Ind  - The price has fallen from 6.38 to 5.72 looks like biat is back!Yield is about 4+% at 5.72. With oil price rising higher, hopefully this benefit the energy sector. Pls dyodd. 

  Sembcorp Ind  - 2nd Half results is out.  Total Revenue is down 11 percent to 2857m.Net profit is down 7 percent to 448m. Declared final dividend of 16 cents, together with interim dividend of 9 cents a total dividend of 25 cents versus 23 cents last year.

Sembcorp Industries (Sembcorp) delivered resilient performance for the full year of 2025 (FY2025), with underlying Group net profit of

S$1.0 billion, comparable to FY2024. Earnings growth from the Renewables aandOntegrated Urban Solutions segments mitigated lower earnings from the Gas and 

Related Services segment. Reported Group net profit from continuing operations was 

S$984 million, 4% lower year-on-year, as the gain from the divestment of SembEnviro

was offset by the foreign exchange loss on the deferred payment note.

Underlying net profit for the Gas and Related Services segment was S$701 million,

with lower contribution from the UK business and lower generation spreads in 

Singapore. This was offset by higher contribution from Senoko Energy. As of February 

2026, approximately 80% of our contracted portfolio in Singapore1

is locked in for five

years and above, providing earnings visibility. 

Net profit before exceptional items (EI) for the Renewables segment was 5% higher 

at S$192 million in FY2025 on stronger performance from the India renewables 

portfolio. Operational capacity as of end 2025 was 15.0GW, up from 13.1GW as of

end 2024. Since end 2024, Sembcorp has secured 3.6GW of renewables capacity 

across key markets. Including projects under construction, the Group’s gross

renewables capacity is now at 20.4GW.

The Integrated Urban Solutions segment posted net profit before EI of S$178 million, 

3% higher year-on-year. The Urban business continues to build up its portfolio of low-

carbon industrial parks and ready-built industrial space, while we continue to sharpen 

our portfolio focus in the Water business.

CapLand IntCom Tr (C38U.SI) - She has retreated from. 2.57 to close at 2.39 looks like boat is back

 CapLand IntCom Tr  (C38U.SI) - She has retreated from. 2.57 to close at 2.39 looks like boat is back! 

Went to Raffles City for lunch. The crowd traffic is very crowded.  Businesses very good. CapLand IntCom Tr likely can see their revenue growth well supported with this kind of crowd traffic plus sale.  She is trading in a consolidation mode trading range from 2.30 to 2.45. Yield is about 4.6% at 2.39 estimating yearly dividend of 11 cents. 

I think with inflation fear as oil price staying above 100, interest rate maty increase . Can wait for 5% yield that is about 2.20. 

Went to Gyukatsu Kyoto Katsugyu for lunch . Located at #B1-63/64 Raffles City, Shopping Centre, 179103.

Nice Tenderloin and WAGYU beefs very tasty! Soft and tender plus juicy inside and crispy outside. Goes well with the onsen eggs, curry gravy,  sauces plus pepper.  Nice miso soups. Free flow of cabbages and rice. 

Will go there again. 

ComfortDelGro - taxi fare temporarily increased by 50 cents to shield against rising fuel costs. I think the company is making the right move to protect driver income.

ComfortDelGro  - taxi fare temporarily increased by 50 cents to shield against rising fuel costs. I think the company is making the right move to protect driver income. 

I think share price may likely trading in the range of 1.45-1.50.

Quote: Taxi fare will be increased temporarily to shield cabbies from surging fuel costs. Passengers will pay an additional S$0.50 ($0.39) to S$0.80 for trips starting from March 24, the company said in a social media post on Tuesday. Metered rides will also see a S$0.01 increase in the distance-time rate.

  She is trading at 1.45-1.46 likely to test 1.50 again! 

ComfortDelGro - Price seem overly reacted and sold down due to War at Iran. Yield is more than 5.8 percent is a no-brainer opportunity!

I think price may rise up to test 1.50! Plsdyodd. 

Yearly dividend has been consistently increasing for the past few years. 8.5 cents dividend for 2025. 2026 may be can see dividend increase to 9 cents and above.  

 ComfortDelGro- The ME tensions is creating stocks market volatility and share price being sold down due to Fear of oil price rising up,  seem overly done! Likely to see supporters coming to support! At 1.44, yield is a whopping 5.8+%. Stable revenue,  dividend plus cash rich.  Pls dyodd. 

 ComfortDelGro Achieves Record FY2025 Revenue Exceeding S$5 billion,

Delivers 9.4% PATMI Growth

• Revenue grew to S$5.06 billion, a 13.0% year-on-year increase; PATMI up 9.4% year-on-year to

S$230.3 million.

• International revenue contribution reached 55.3%, driven by contributions from acquisitions and new

overseas contracts.

• Proposed final dividend of 4.59 cents per share, bringing the total dividend for FY2025 to 8.50 cents

per share, representing a payout ratio of 80%.

ComfortDelGro Corporation Limited (SGX:C52) (“ComfortDelGro” or, “the

Group”) today announced its financial results for the full year ended 31 December 2025. The Group delivered

strong growth with a total revenue of S$5.06 billion in FY2025, reflecting 13.0% increase compared to

FY2024. Profit After Tax and Minority Interests (PATMI) rose 9.4% year-on-year (yoy) to S$230.3 million.

This performance reflects the Group’s focused execution of its international growth strategy, as total revenue

crossed S$5 billion for the first time while overseas revenue now accounts for 55.3% of total revenue, up

from 49.1% in the previous year. In tandem, overseas operating profit contribution rose to 44.7%, up from

34.9% in the previous year.

Operating profit for its Public Transport segment grew 15.1% yoy to S$149.5 million. This increase was

largely attributed to the renewal of London bus contracts at improved margins, the start of Metroline

Manchester’s operations in early 2025. Operating profit for the Taxi and Private Hire segment saw a 4.4%

yoy increase due to full-year contributions from the acquisition of Addison Lee in 2024. Operating profits from

its Inspection & Testing Services rose 56.1% yoy, mainly driven by the peak volume of On-Board Unit

installations for Singapore’s Electronic Road Pricing 2.0 project throughout 2025.

The Group achieved significant milestones in its Public Transport business in 2025. Beyond the four bus

franchises in Greater Manchester, it had also successfully mobilised three Zero Emission Bus franchises in

Victoria, Australia and commenced operations for the Stockholm Metro in November 2025. These

developments underscore the Group’s ability to deliver long-duration, government-backed contracts that

anchor the Group’s resilience and future cash flows.

Sembcorp Ind -

She had managed to clear the 6.00 price level swiftly and is now trading at 6.16, looks rather bullish! She may continue to trend higher towards 6.40 and above! Pls dyodd. 

  Sembcorp Ind  - She has bounce-off from 5.67 and closed higher at 5.77, looks like shw may have hit the bottom and rebounded. Yield is about 4.33 percent seem quite decent. XD 6th May 16 cents Final dividend!

Renewal energy and Electricity sector likely remain in demand whether in good time or bad time. Pls dyodd. 

Sembcorp Ind  - The price has fallen from 6.38 to 5.72 looks like biat is back!Yield is about 4+% at 5.72. With oil price rising higher, hopefully this benefit the energy sector. Pls dyodd. 

  Sembcorp Ind  - 2nd Half results is out.  Total Revenue is down 11 percent to 2857m.Net profit is down 7 percent to 448m. Declared final dividend of 16 cents, together with interim dividend of 9 cents a total dividend of 25 cents versus 23 cents last year.

Sembcorp Industries (Sembcorp) delivered resilient performance for the full year of 2025 (FY2025), with underlying Group net profit of

S$1.0 billion, comparable to FY2024. Earnings growth from the Renewables aandOntegrated Urban Solutions segments mitigated lower earnings from the Gas and 

Related Services segment. Reported Group net profit from continuing operations was 

S$984 million, 4% lower year-on-year, as the gain from the divestment of SembEnviro

was offset by the foreign exchange loss on the deferred payment note.

Underlying net profit for the Gas and Related Services segment was S$701 million,

with lower contribution from the UK business and lower generation spreads in 

Singapore. This was offset by higher contribution from Senoko Energy. As of February 

2026, approximately 80% of our contracted portfolio in Singapore1

is locked in for five

years and above, providing earnings visibility. 

Net profit before exceptional items (EI) for the Renewables segment was 5% higher 

at S$192 million in FY2025 on stronger performance from the India renewables 

portfolio. Operational capacity as of end 2025 was 15.0GW, up from 13.1GW as of

end 2024. Since end 2024, Sembcorp has secured 3.6GW of renewables capacity 

across key markets. Including projects under construction, the Group’s gross

renewables capacity is now at 20.4GW.

The Integrated Urban Solutions segment posted net profit before EI of S$178 million, 

3% higher year-on-year. The Urban business continues to build up its portfolio of low-

carbon industrial parks and ready-built industrial space, while we continue to sharpen 

our portfolio focus in the Water business.

Suntec Reit - New sponsor for Suntec Reit is being viewed as a positive development as can see the share price is up 8 cents to 1.48. Saw this married deal transacted at 1.70 looks rather bullish

Tested 1.50 many times,  likely to cross over with ease! Pathing the way for 1.60! 

Suntec Reit  - New sponsor for Suntec Reit is being viewed as a positive development as can see the share price is up 8 cents to 1.48. Saw this married deal transacted at 1.70 looks rather bullish!

i think price may breakout 1.50 and rise higher towards 1.60 and above! Pls dyodd. 

  Sold down due to the Iran war. I think price is slowly recovering! She is trading at 1.39 to 1.40 looks rather bullish likely to rise up to test 1.42, 1.45 than 1.50 again! Pls dyodd. 

8th February 2026:

Suntec Reit  - Chart wise,  bullish mode. She may rise up to retest 1.50. A nice breakout smoothly plus good volume we may see her rising up further towards 1.60 and above!

From the chart,  you can notice several attempts to take out 1.50 for many occasions. I think high probability she may clear 1.50 swiftly and rises further! Pls dyodd. 

 22nd January 2026: 

 Some buying activities spotted today, she is up 5 cents to 1.47, looks rather bullish!

Suntec REIT Achieved Stellar 14.6% Year-on-Year Increase in Distributable 

Income. 4th quarter DPU 2.102 cents. Solid! Tomorrow likely gap up! XD 29th January,  paydate 27 February. 

Singapore, 22 January 2026 – Suntec REIT reports strong distributable income of $207.3 million 

for the period from 1 January to 31 December 2025 (“FY 25”), 14.6% higher than the year ended 

31 December 2024 (“FY 24”). Distribution per unit (“DPU”) to un

itholders was 7.035 cents or 

13.6% higher year-on-year. 

The robust year-on-year improvement was driven by the stronger operational performance of

the Singapore Office, Retail and Convention portfolio and lower financing costs. This more 

than offset the weaker performances of the overseas properties, specifically The Minster 

Building in London, and 55 Currie Street in Adelaide.

Suntec City Mall 

A cautious market outlook remains for the retail market on expectation of the impact of the 

upcoming Johor Bahru-Singapore Rapid Transit System and the potential retail spend leakage, 

particularly for malls in the northern part of Singapore1. The REIT will continue in its efforts to 

refresh the mall’s trade mix to drive shopper traffic and sales. The Singapore Retail portfolio is 

well-positioned for growth, supported by higher occupancy, rent and marcoms revenue. 

Committed occupancy is expected to remain high with positive rent reversion expected to be

close to 10%.