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Tuesday, April 28, 2026

Mapletree PanAsia Com Tr - 4th quarter results is out! DPU is down 2.8 percent to 1.9 cents versus 1.95 cents last year. If excluding the tax charge of 8.3m , dpu will be higher.

 Mapletree PanAsia Com Tr  - 4th quarter results is out! DPU is down 2.8 percent to 1.9 cents versus 1.95 cents last year.  If excluding the tax charge of 8.3m , dpu will be higher.



A one-off tax charge of S$8.3 million was recognised on completion of the Festival Walk Tower

divestment. Reported DPU for 4Q FY25/26 was 1.90 Singapore cents. Excluding this tax 

charge, 4Q FY25/26 DPU would have been 2.04 Singapore cents, 4.6% higher yoy.

Occupancy 89.4%. Gearing 36.5%.

NAV 1.73.

4Q FY25/26 gross revenue and net property income (“NPI”) were S$210.7 million and 

S$159.6 million, respectively, 5.5% and 5.9% lower year-on-year (“yoy”). This reflects lower 

overseas contributions and the absence of full-period contributions from TS Ikebukuro Building 

(“TSI”), ABAS Shin-Yokohama Building (“ASY”) and Festival Walk Tower, which were divested 

on 22 August 2025, 28 August 2025, and 2 February 2026, respectively.

Singapore’s gross revenue and NPI grew 1.8% and 2.1% yoy, respectively, led by VivoCity

following the completion of its Basement 2 asset enhancement initiative (“AEI”) and robust 

rental growth, as well as higher contribution from Other Singapore Properties. 

Property operating expenses fell 4.1% yoy due to reduced operation and maintenance 

expenses, and utility expenses. Finance expenses improved 17.9% yoy from lower interest 

rates and reduced debt as net divestment proceeds were deployed towards debt repayment.



AEM - The share price has a very impressive running up from 1.80 to 7.15, pump up too fast and the volume is getting lowered. A sign of weakness

 AEM - The share price has a very impressive running up from 1.80 to 7.15, pump up too fast and the volume is getting lowered.  A sign of weakness!

I think this kind of running up is unsustainable! The price gotten so much far away from the fundamentals and the company revenue/net income! 

Not a call to buy or sell!

Pls dyodd. 


Monday, April 27, 2026

CLAR: CapitaLand Ascendas REIT - 1st quarter results update is out.Positive rental reversion of 10.6 percent. Occupancy rate of 90.5 percent. ICR 3.5x. Accretive acquisitions of 1.6b. NPI yield of min 4.3 percent. Gearing will decrease from 42 to 37.3 percent in April 2026

CLAR: CapitaLand Ascendas REIT  - 1st quarter results update is out.Positive rental reversion of 10.6 percent.  Occupancy rate of 90.5 percent.  ICR 3.5x. Accretive acquisitions of 1.6b. NPI yield of min 4.3 percent. Gearing will decrease from 42 to 37.3 percent in April 2026.


 • Aggregate leverage increased to 42.0% due to acquisitions of

i. DHL Canal Winchester in the US;

ii. Portfolio of six Grade A logistics properties in Spain; and

iii. Ascent (50%) in Singapore

• Aggregate leverage expected to improve to ~37.3% in Apr 2026, 

immediately post EFR of S$903.5 million, assuming the net 

proceeds of the EFR are fully used to repay debt facilities and 

before the completion of the previously announced acquisitions1

• Available debt headroom of ~S$3.2 billion to reach MAS’s 

aggregate leverage limit of 50.0%

• Robust financial metrics that exceed bank loan covenants by a 

healthy margin

• A3 credit rating by Moody’s facilitates good access to wider 

funding options at competitive rates.



Saturday, April 25, 2026

CICT - CapLand IntCom Tr : Monday, she is going XD, price likely get corrected to 2.44 and below

 CICT  - CapLand IntCom Tr : Monday, she is going XD, price likely get corrected to 2.44 and below!

The price was being pushed up from 2.39 to 2.51 due to the new acquisition of Paragon Mall plus the Private Placement per unit at 2.30. Those institutional investors can book a nice profit! At 2.48, yield is about 4.4%. Perhaps,  2.20 with an yield of 5% might be a good pivot point. Pls dyodd. 

Had French Toasts for breakfast.  I think is quite nice! 


CapLand IntCom Tr  - Private Placement of 2.292 for the raising of 600m to fund the acquisition of Paragon Mall at Orchard Road together with the sales proceeds from Asia Square Tower 2. Advance DPU of between 3.93 to 4.03 cents. XD 27 April 2026. 


 RATIONALE FOR THE PRIVATE PLACEMENT

The Manager believes that the Proposed Acquisition will bring the following benefits to the 

unitholders in CICT (the “Unitholders”): 

(i) strategic acquisition of a rare, premier freehold integrated development with a 

sizable, upscale retail exposure and medical component; 

(ii) further consolidates CICT’s retail presence in the tightly held downtown precinct; 

(iii) solidifies CICT’s position as the most liquid proxy for high quality Singapore-centric 

commercial exposure; and 

(iv) distribution per Unit (“DPU”) accretive transaction with sustainable pro forma leverage.

Please refer to the Acquisition Announcement for further details on the rationale of the 

Proposed Acquisition.


Thursday, April 23, 2026

ComfortDelGro AGM - AGM is being held at Sands Expo and Convention Centre today 24 April 10 AM level 3

 ComfortDelGro AGM - AGM is being held at Sands Expo and Convention Centre today 24 April 10 AM level 3. On the way now. 

The lunch will be served at 11.50Aam.

Cash flow is healthy.  868.4m cash on hands. EPS is up 9.4% to 10.63 cents.  Yearly dividend is up 9.4% to 8.5 cents. 

Payout Ratio of 80%.

Here is a snapshot of the income statement. 

Total Revenue growed more than 5b.Global presents 13 countries. 


 AGM just started! The Chairman Mr. Mark Christopher  and CEO Mr. Cheng Siak Kian is introducing the mgmt  team.

 The bento set meal is delicious! 



 ComfortDelGro  - Finally,  she is back above 1.50, looking gd! She is trading at 1.51, likely to rise up to test 1.56 and above!

Beyond 1.56, she may rise further higher towards 1.60 than 1.64.


 ComfortDelGro AGM - AGM is on 24th April 10AM at Sanss Expo and Convention Centre, Cassia main ballroom level 3. Change venues from Suntec City Mall!

Do take note.Likely have nice bento set meal provided for the 23rd AGM. 

AGM to approve the declaration of Final dividend of 4.59 cents. Plus share buyback mandate and appointments of Directors etc.

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.

Ifast - 1st quarter results is out. total revenue to S$154.5 million, while net profit grew 47.5% to S$28.0 million

 Attending ifast AGM at Sands Expo level 3, 2PM.



 In 1Q2026, the Group began this year with a 44.5% growth in total revenue to S$154.5 million, while net 

profit grew 47.5% to S$28.0 million.

• For 1Q2026, the Group’s EBITDA1 grew to S$45.7 million, representing a 39.6% YoY growth.

• The Group unveiled a scenario plan for its S$100 billion AUA target by 2030 (“Vision 2030”), with a

CAGR of 25.6% at the Group level, anchored by growth in Singapore (CAGR of 22.5%), Hong Kong 

(CAGR of 26.2%) and UK (CAGR of 56.9%).

• If net revenue margin on AUA (Wealth Management and Banking, excluding eMPF project) is around 

60 bps, the potential net revenue (excluding eMPF project) will be approximately S$600 million when the 

S$100 billion AUA is achieved.



• The Board of Directors declared a dividend of 2.50 cents per ordinary share (56.3% YoY increase) for the 

first interim dividend for FY2026. For FY2026, the Directors expect to propose a total dividend of 10.5 

cents per ordinary share or higher (at least 25% increase compared to FY2025).


FOR IMMEDIATE RELEASE

iFAST Corp: 1Q2026 Net Profit Increased 47.5% YoY to 

S$28.0m, S$100b AUA Vision 2030 Scenario Planning 

Unveiled

The Group’s net inflows came in at S$1.25 billion in 1Q2026, contributing to AUA reaching

record quarterly high of S$32.64 billion, and cushioning the negative impact from volatile 

global markets.

• In 1Q2026, the Group began this year with a 44.5% growth in total revenue to S$154.5 million, while net 

profit grew 47.5% to S$28.0 million.

• For 1Q2026, the Group’s EBITDA1 grew to S$45.7 million, representing a 39.6% YoY growth.

• The Group unveiled a scenario plan for its S$100 billion AUA target by 2030 (“Vision 2030”), with a

CAGR of 25.6% at the Group level, anchored by growth in Singapore (CAGR of 22.5%), Hong Kong 

(CAGR of 26.2%) and UK (CAGR of 56.9%).

• If net revenue margin on AUA (Wealth Management and Banking, excluding eMPF project) is around 

60 bps, the potential net revenue (excluding eMPF project) will be approximately S$600 million when the 

S$100 billion AUA is achieved.

• The Board of Directors declared a dividend of 2.50 cents per ordinary share (56.3% YoY increase) for the 

first interim dividend for FY2026. For FY2026, the Directors expect to propose a total dividend of 10.5 

cents per ordinary share or higher (at least 25% increase compared to FY2025).

SINGAPORE (23 April 2026) — iFAST Corporation Ltd. (“iFAST Corp” and together with its subsidiaries, 

the “Group”) reported its financial results for the first quarter of 2026 (“1Q2026”).

As at 31 March 2026, the Group’s assets under administration (“AUA”) reached a new quarter-end record 

high, increasing by 27.1% YoY to S$32.6 billion. Despite heightened financial market volatility caused by 

geopolitical instability in Iran and fluctuating energy prices, the Group delivered a solid performance. 

The Group began 2026 with total revenue rising 44.5% YoY to S$154.5 million, while net profit grew 47.5% 

YoY to S$28.0 million. The increase in profitability was driven by growth in the Hong Kong ePension 

business and continuing growth in the Group’s core wealth management platform business. For 1Q2026, 

the Group’s EBITDA1 grew to S$45.7 million, representi the world. Barring unforeseen circumstances, the Group expects 2026 to see healthy growth rates in 

revenues and profitability.

Scaling Towards S$100 Billion AUA.