ParkwayLife Reit - Tuesday, 4th August whe is going to released her 1st Half results. Estimating DPU of 8.5 to 8.7 cents. The results will be out before trading commence

ParkwayLife Reit  - Tuesday,  4th August whe is going to released her 1st Half results.  Estimating DPU of 8.5 to 8.7 cents. The results will be out before trading commence. Hopefully,  price can rise up to reclaim 4.28 than 4.40. Pls dyodd. 

  ParkwayLife Reit  - First Half results will be out on 4th August before trading commence,  nice. Dividend is coming.

Yesterday closed at 4.20, let's see if she can stay above 4.21 in order to continue to trend higher. 

19 July 2026:

 ParkwayLife Reit  - Hosey. Closed well at 4.16, likely to rise up to test 4.21 and above. Pls dyodd. 

11 July 2026:

 She is climbing up nicely and closed well at 4.15, looks rather bullish! She may rise up to test 4.21. A nice breakout smoothly plus good volume we may see her rising up further towards 4.40 and above. 

ParkwayLife Reit  - She will be releasing her 1st Half results in early August,  estimating dividend of 8 cents and above as 1st quarter dpu of 4.44 cents plus recent divestment gains likely lift the dividend payout higher.

Hopefully, she will rise up to test 4.20 than 4.40. Pls dyodd.

Ocbc has a TP of 4.80. Quote: 

Ada Lim of OCBC Group Research has maintained her "buy" call on Parkway Life REIT but with a slightly trimmed fair value of $4.80 from $4.82.

 Gross Revenue for 1Q 2026 decline by 2.1% to 38.2m mainly due to JPY FX depreciation and lower rental income from the Japan portfolio 

due to tenant exit affecting five Japan nursing home properties, partially offset by contributions from 

the Singapore properties.  

 Higher distributable income largely attributed to Singapore hospitals following the cessation of the 

three-year rent rebates and the rent review formula kicked in1. DPU is up 5% to 4.44 cents. 

 As the REIT has hedged the net income from Japan, the drop in revenue will be compensated by the 

FX gains from the settlement of the forward contracts

DPU Growth Y-o-Y

S$38.2 million

Higher distributable income largely attributed to Singapore hospitals following the cessation of the 

three-year rent rebates and the rent review formula kicked in1 

 As the REIT has hedged the net income from Japan, the drop in revenue will be compensated by the 

FX gains from the settlement of the forward contracts.

Project Renaissance – a S$350 million renewal capital expenditure for MEH jointly funded with IHH

Healthcare Singapore was successfully completed in February 2026

➢ Delivered M&E upgrades, space reconfiguration and sustainability enhancements to support

resilience and growth

➢ Awarded provisional Green Mark Platinum certification by the Building and Construction Authority

in recognition of the sustainability enhancements

Seatrium Ltd - Seatrium 1H2026 Net Profit Grows 158% to S$373 Million, Marking Shift from Recovery to Value Creation

 Seatrium 1H2026 Net Profit Grows 158% to S$373 Million, 

Marking Shift from Recovery to Value Creation

• Profitability mainly driven by margin expansion; net profit excluding divestment gains 

grew 54% year-on-year (“YoY”)

• S$13.3 billion net order book with improving project mix: >95% consisting of Series 

Build projects and declining proportion of lower-margin legacy, non-FPSO projects

• Shift from recovery to value creation, supported by sustained earnings growth, 

improving margins and disciplined execution

Singapore, 31 July 2026 – Seatrium Limited (“Seatrium” or the “Group”) has delivered net profit of 

S$373 million for the first six months ended 30 June 2026 (“1H2026”), compared to S$144 million for 

1H2025. Excluding divestment gains, net profit grew 54% year-on-year to S$212 million, reflecting the 

Group's strengthening earnings quality and improving operational leverage.

1H2026 revenue grew 4.7% to S$5.6 billion, up from S$5.4 billion in 1H2025, underpinned by steady 

execution of the Group's order book. Gross margin improved to 8.6% from 7.4% in 1H2025. Key 

margin drivers include a growing mix of higher-margin projects; and reduced indirect overheads from 

improved productivity, strategic divestments and ongoing cost discipline. 1H2026 EBITDA, excluding 

divestment gains, rose 20% to S$479 million.

As at 30 June 2026, Seatrium's net order book stood at S$13.3 billion, comprising 24 projects with 

deliveries through to 2033. With the completion of three projects, the proportion of lower-margin 

legacy, non-FPSO projects has declined to about 1% of the net order book. Over 95% of the order 

book comprises Series Build projects that provide greater execution certainty and efficiency. Ongoing 

projects largely remain on schedule, with mega-projects such as the P-80 and P-82 FPSOs for 

Petrobras and Shell Sparta FPU1 on track for sailaway in 2H2026.

Mapletree PanAsia Com Tr - 1st quarter results is out. Gross revenue is down 5.6 percent to 206m. NPI is down 6.8 percent to 154m. DPU is down 2.5% to 1.96 cents

Mapletree PanAsia Com Tr  - 1st quarter results is out. Gross revenue is down 5.6 percent to 206m. NPI is down 6.8 percent to 154m. DPU is down 2.5% to 1.96 cents.

The only consolation is that the Operating expenses is down 1.8% to 51m and Financial costs is down 18.4% to 40m. XD 6th August. 

 VivoCity’s Strength and Proactive Capital Management

Cushion Overseas Headwinds

• 1Q FY26/27 DPU of 1.96 Singapore cents

• Singapore gross revenue and NPI up 2.1% and 1.0% yoy

• Divestments completed in FY25/26 continue to deliver interest cost savings through 

reduced debt 

• Portfolio rental reversion healthy at 4.3%

• Singapore portfolio remains resilient; MBC backfilling progresses, with a key committed lease to commence later this year

• Proactive refinancing lowers borrowing costs and extends debt maturity

• VivoCity delivers 8.9% higher NPI, 13.5% rental reversion, near-full committed occupancy and 4.9% yoy tenant sales growth

• Festival Walk records 4.0% yoy tenant sales growth; 18,800 square feet reconfiguration completed and operational. 

SingTel - Nice closing yesterday at 4.61, likely to continue to trend higher towards 4.70 and above

 SingTel  - Nice closing yesterday at 4.61, likely to continue to trend higher towards 4.70 and above. Pls dyodd.  

Wow! She had managed to clear the resistance at 4.46 and is now trading at 4.50, awesome.  Likely to rise up to teat 4.55 than 5.00. 

9th July 2026:

Next week,  xD on 31 July, still hasn't reached 4.50. Today,  company bought back 4m share . The price seem stucked. 

Hopefully,  next week can clear the 1st resistance at 4.46 and rises higher to revisit 4.55.

 SingTel  - She is rising up to test 4.49. A nice breakout with ease we may see her continue to trend higher. 

Beyond 4.50, she may rise up to retest 4.63 and above. Pls dyodd. 

19 June 2026:

SingTel  - She is slowly climbing up looks rather interesting. XD 31 July 10.3 cents dividend,  do take note.

Paydate 19 August. 

 It has managed to bounce-off from 4.15. Hopefully,  she can rise up to test 4.44 than 4.48. Pls dyodd.

 SingTel  - She is trading near the support level of 4.15, looks like a rebound may likely happen. At 4.18, yield is about 4.425% which is pretty decent.  Pls dyodd. 

 SingTel  - I think price has more or less hitting the bottom price, likely to see a rebound happening anytime.  At, 4.34, yield is about 4.26 percent of which I think is quite decent.

Hopefully,  a nice rebound and bringher back to above 4.60. Pls dyodd. 

Oversold rebound! She may rise up to 4.50 to cover the Gapped and then rise higher towards 4.63 and above. Pls dyodd.

 SingTel - I think boat is back. Gd price to accumulate at 4.36, yield is about 4.24 percent better than CPF OA. Pls dyodd.

The company show hands! Bought back 6m share . 

 She is being sold down to 4.59, looks rather interesting! She may go down to test the recent low of 4.46. A rebound may likely happen. Pls dyodd. XD 31st July for 10.3 cents dividend. 

 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 

CapLand Ascott - 1H 2026 Distribution per Stapled Security (DPS) remained stable YoY at 2.53. delivered an 11% year-on- year (YoY) increase in income available for distribution to S$107.1 million for the six months ended 30 June 2026 (1H 2026), due to higher non-periodic items 1. Total distribution was S$97.5 million, after retaining S$9.6 million in non-periodic items

 CapitaLand Ascott Trust (CLAS) delivered an 11% year-on-

year (YoY) increase in income available for distribution to S$107.1 million for the six 

months ended 30 June 2026 (1H 2026), due to higher non-periodic items 1.

Total distribution was S$97.5 million, after retaining S$9.6 million in non-periodic items, as 

CLAS continues to execute its portfolio reconstitution and growth strategy.

CLAS’ 1H 2026 Distribution per Stapled Security (DPS) remained stable YoY at 2.53 Singapore cents. XD 4th August. 

 The trailing 12-month DPS corresponds to a distribution yield of 6.9%.

The record date for the 1H 2026 DPS is on 5 August 2026, and CLAS’ Stapled 

Securityholders can expect to receive their distribution on 28 August 2026.

CLAS’ core distribution income3 was mainly impacted by transitional factors, including 

timing differences in acquisitions and divestments, the near-term impact of asset 

enhancement initiatives (AEIs) undertaken to enhance the quality and long-term resilience 

of the portfolio, foreign exchange impact and one-off tax adjustments. Core distribution 

income for 1H 2026 included a distribution top-up to mitigate the closures of The Cavendish London and Madison Hamburg 4 On a same-store basis 5, operating 

performance remained resilient, with revenue per available unit (REVPAU) increasing 1% YoY, despite macroeconomic uncertainties.

Mapletree Log Tr - 1st quarter results is out!Gross revenue and net property income (“NPI”) for 1Q FY26/27 increased by 0.8% and 2.0% year- on-year (“y-o-y”) to S$178.9 million and S$156.4 million respectively. The increase was largely driven by contribution from the recent acquisition in India and full-quarter contribution from the completed redevelopment project in Singapore.Dpu is up 0.2 percent to 1.816 vs 1.812 .

 

• Available DPU edged 0.2% higher year-on-year supported by resilient portfolio performance 

• Healthy operating metrics: 96.4% occupancy and 2.3% rental reversion outside China

• Active portfolio rejuvenation with proposed divestments of two properties in China and a property 

in Singapore for approximately S$155 million.

Financial Highlights

Gross revenue and net property income (“NPI”) for 1Q FY26/27 increased by 0.8% and 2.0% year-

on-year (“y-o-y”) to S$178.9 million and S$156.4 million respectively. The increase was largely driven

by contribution from the recent acquisition in India and full-quarter contribution from the completed 

redevelopment project in Singapore, partly offset by the absence of contribution from divested 

properties and weaker regional currencies.

Borrowing costs declined 2.7% y-o-y driven by proactive refinancing efforts and paying down of debt 

with proceeds from divestments. Accordingly, the amount distributable to Unitholders grew 1.1% 

y-o-y, while available distribution per unit (“DPU”) was 0.2% higher.

Compared with the preceding quarter 4Q FY25/26, gross revenue and NPI were 1.3% and 3.3% 

higher quarter-on-quarter (“q-o-q”) respectively mainly due to full-quarter contribution from the India 

acquisition and higher contribution from existing properties in Singapore and Hong Kong SAR.

Amount distributable to Unitholders  remained stable at S$93.0 million as improved operating 

performance was partly weighed down by higher borrowing costs, while DPU was marginally lower 

by 0.2% due to an enlarged unit base.

The portfolio achieved an average rental reversion of about 2.3% in 1Q FY26/27 excluding China, 

and 0.9% including China. Continuing its improving trend, China recorded negative rental reversion of -1.8% vs -2%.