DBS bank - Dbs group achieved a record profit before tax of SGD 13.1 billion in 2025, slightly higher than a year ago, as total income rose 3% to a new high of SGD 22.9 billion despite a challenging rate environment. Group net interest income was modestly higher, with proactive hedging and record deposit growth offsetting pressures from sharply lower interest rates and a stronger Singapore dollar.

 FY pre-tax profit at new high of $13.1b, ROE at 16.2% and ROTE at 17.8%

 Total income up 3% to record $22.9b despite rate headwinds

o Group NII modestly higher from record deposit growth and proactive balance sheet hedging

o Fee income and treasury customer sales reach new highs

o Markets trading income highest since 2021

4Q pre-tax profit declines 6% YoY to $2.80b

 Total income down 3% to $5.33b, stronger fees and treasury customer sales offset by rate headwinds and 

absence of non-recurring gains a year ago

Balance sheet remains healthy

 Asset quality remains sound. Notwithstanding prudent downgrade of a previously watchlisted real estate 

exposure, NPL ratio stable at 1.0%

 4Q SP partially offset by GP release; FY SP at 19bp

 Allowance coverage at 130% and 197% after considering collateral

 Transitional CET1 ratio at 17.0%, fully phased-in at 15.0%

4Q total dividend at 81¢ per share – ordinary dividend raised 6¢ to 66¢, Capital Return dividend at 15¢. XD 8 April. Paydate 17 April 2026.

Capital Return dividend to be maintained for FY26 and FY27 barring unforeseen circumstan.

4th quarter before tax declined 20% qoq to 2798m.And yoy 4th quarter before tax declined 6% .

The Board declared Final dividend of 66 cents, bringing the total dividend to 3.06.

I think results is showing declining Revenue for 4th quarters.  Going forward,  we may see lower revenue and net profit.  Pls dyodd. 

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

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%.

Sembcorp Ind - With US indexes hitting all time high especially Dow crossing 50000 points signaling Bull is in control, will this counter rises higher following the US stocks market rallies

 Chart wise,  she is still stuck in a consolidation mode price patterns! It will need a nice breakout of 6.18-6.20 in order to rise up further towards 6.30 than 6.40 and 6.50-6.65. Pls dyodd. 

3rd February 2026:

 Sembcorp Ind  - She may rise up to retest 6.18 again ! Beyond that, she may rise further higher towards 6.40 and above. 

Good news:

This morning price Gapped up and is now trading at 6.06 this is rather positive, likely to see further upwards movement towards 6.20 thab 6.30 and above. 

 Under the PPA, Sembcorp has been supplying up to 450MW of power to Micron’s 

Singapore production facilities. The latest agreement will include an additional 150MW 

of power to support Micron’s growing operations. The added capacity does not change 

the PPA’s original 18-year term, which continues through 2041.

16th Jan 2026:

Sembcorp Ind  - She is slowing rising up after touching the low of 5.80. Now trading at 6.04 looks rather interesting !

she may rise up to test 6.13 than 6.20 - 6.29. Pls dyodd. 

Sembcorp Ind  - She is slowing rising up after touching the low of 5.80. Now trading at 6.04 looks rather interesting!

Sembcorp Ind  - nibbled small units at 5.86 after seeing her being sold down after the acquisition of Alinta Energy in Australia for A6.5b, funded by internal fund plus borrowing! Looks like a great deal! It helps to boost earnings accretive and lifted the ROE to 22.5%, awesome!

Went to Nex for dinner plus bought nice and juicy Japanese strawberries! Nom Nom.

Pls dyodd.

  Sembcorp Ind  - It looks like the price has driven to oversold territory!

At 5.99, yield is quite decent at about 4.34%. Annual dividend is 26 cents.

Last Friday,  she had managed to bounce-off from the low of 5.95 and closed slightly higher at 5.99 looks rather interesting!

She may rise up to test 6.17 and above. 

Not a call to buy or sell!

Pls dyodd. 

CapLand IntCom Tr -Gross revenue rose by 4.7% YoY to S$831.5 million in 2H 2025. Correspondingly, the net property income grew 6.8% YoY to S$609.9 million. DPU increased 9.4 percent to 5.96 cents. I think good sets of financial numbers

 CICT’s 2H 2025 distribution per unit (DPU) expanded 9.4% to 5.96 cents despite an enlarged 

unit base due to the private placement in August 2025. XD 13 February for the balance dividend of 4.61 cents.This DPU includes the advanced 

distribution of 1.35 cents for the period from 1 July to 13 August 2025, which was paid on 18 

September 2025 with the 1H 2025 distribution. With the record date on 16 February 2026, 

CICT unitholders can expect to receive the remaining 2H 2025 DPU of 4.61 cents on 24 March 

2026. For FY 2025, CICT achieved a DPU of 11.58 cents, 6.4% higher YoY. Based on the 

closing price of S$2.39 per unit on 31 December 2025, CICT’s distribution yield for FY 2025 

is 4.8%.

Gross revenue rose by 4.7% YoY to S$831.5 million in 2H 2025. Correspondingly, the net 

property income grew 6.8% YoY to S$609.9 million. This increase was primarily driven by 

contributions from CapitaSpring and stronger performance from existing properties, partially 

offset by the divestment of 21 Collyer Quay.

CICT’s portfolio property value rose by 5.2% YoY to S$27.4 billion4 based on independent 

valuations as at 31 December 2025. The uplift was largely due to the better performance of 

the Singapore portfolio and the step-up acquisition of CapitaSpring’s commercial componen.

CapLand Ascendas REIT - Gross revenue and net property income (NPI) for FY 2025 rose by 1.0% and 1.7% YoY to S$1,538.6 million and S$1,067.6 million, respectively. The NPI growth was partly supported by lower property operating expenses of S$471.0 million. DPU of 15 cents was slightly lowered than last year 15.2 cents.Results seem not bad

 Operating and interest expenses, partly offset by divestments completed in 2024 and 2025. 

CLAR’s distribution per unit (DPU) for FY 2025 was 15.005 Singapore cents compared to 

15.205 Singapore cents in FY 2024, due to an enlarged unit base arising from the equity 

fundraising in June 2025. With the record date on Friday, 13 February 2026, unitholders of 

CLAR can expect to receive the 2H 2025 DPU of 7.528 Singapore cents on Friday, 13 March 

2026. Based on the closing price of S$2.83 per unit on 31 December 2025, CLAR’s distribution 

yield for FY 2025 will be 5.3%. 

Gross revenue and net property income (NPI) for FY 2025 rose by 1.0% and 1.7% YoY to 

S$1,538.6 million and S$1,067.6 million, respectively. The NPI growth was partly supported 

by lower property operating expenses of S$471.0 million, a decrease of 0.4% YoY.

Keppel Ltd - FY results is out. earnings soar 39% year on year to $1.1 billion in FY 2025. Declared Final dividend of 19 cents plus special dividend of 2 cents and share species in Keppel reit

 The New Keppel’s1 earnings soar 39% year on year to $1.1 billion in FY 2025: 

o All three business segments improved on performance, with Infrastructure

contributing the largest share of profits.

o Recurring income grew 21% yoy to $941 million in FY 2025.

o Return on Equity2 increased to 18.7% in FY 2025, up from 14.9% in FY 2024.

• Growing as a global asset manager:

o Funds under Management3 grew 8% yoy to $95 billion as at end-2025.

o Asset Management net profit rose 15% yoy to $189 million in FY 2025. 

• Strong progress in asset monetisation:

o Announced $2.9 billion of asset monetisation4 deals in 2025; total asset 

monetisation announced since October 2020 reached $14.5 billion5 at end-2025.

• Rewarding shareholders: 

o Ordinary dividends based on the New Keppel’s performance.

o Special dividends based on 10-15% of gross value of asset monetisation 

completed in the financial year6.

• Proposed total FY 2025 distribution of approx. 47 cents per Keppel share, up 

38% from FY 2024, comprising:

o Ordinary cash dividends of 34 cts/share: Proposed final cash dividend of 

19 cts/share, on top of interim cash dividend of 15 cts/share paid in August 2025.

o Special dividend of approx. 13 cts/share: Comprises cash of 2 cts/share, and 

dividend in-specie of 1 Keppel REIT unit for every 9 Keppel shares held, which is 

equivalent to approx. 11 cts/share7 based on Keppel REIT’s closing market price of 

$0.98 on 3 February 2026.

To appoint Gupta Piyush as Chairman wef 17 April 2026. Seem a great move! Pls dyodd.