Frasers L&I Tr

Frasers Logistics & Industrial Trust launched a private placement of 220 million net units to be issued at S$1.143 to S$1.173 to raise as much as around S$258.1 million.

The issue price range is a discount of 3.2 percent to 5.7 percent to the volume weighted average price of S$1.2122 a unit .

Advance DPU of 2.45 cents from 1st April to 7tg Aug. 

XD 6/8. Pay date 1st Nov.

They are planning to use the proceeds to partially fund the acquisition of 12 logistics properties in Germany and Australia.

Pls dyodd.

APAC Realty

Wow! Nice breaking at 57 cents coupled with high volume, this is rather Bullish.

I think , short term wise it may likely retest 60 cents then 65 with extension to 68 cents .

Pls dyodd.


15 July 2019
Looks like it it going to re-conquer 57 cents and rises higher to test 60 cents soon!

Not a call to buy or sell.

Pls dyodd.

1st July 2019
Yesterday closed well at 55 cents,looks rather encouraging!


Chart wise, looks Bullish!
It has managed to bounce off from the low of 48.5 cents and rises higher to touch 56 cents yesterday,looks rather positive!

Short tern wise, I think This momentum may likely drive the price to retest 56 then 57.5 cents with extension to 60 - 66 cents.


Not a call to buy or sell.

Pls dyodd.

DBs

Today it has reported a good set of financial nos for it's 2nd quarter result yet market take this opportunity to lock in profit!

A Black Engulfing candlesticks appeared on the chart coupled with high volume this is rather bearish!

Today action could be the indication of a trend reversal ! If the next few days it has gone lower it may well retest $26 then follow-by 25.22 level and below.

Not a call to buy or sell.

Pls dyodd.

SingTel

It went ex-dividend on last Friday and the price was being sold down from $3.47 to close at $3.30 level , down 17 cents which is more than the dividend of 10.7 cents, looks rather negative!

Pls mind the Gap !
Will there be any throw-back reaction come Monday, if not, it may continue to be under selling pressure!


I think the next destination will be $3.20 follow-by $3.10 and below.

Not a call to buy or sell.

Pls dyodd.

25th July 2019
Today closing price at $3.47 seem to be holding above its recent low of $3.45 and forming a doji on the chart which may seem to be rather uncertain.

It is going ex-dividend tomorrow with 10.7 cents dividend and the first support level would be at $3.35 level.

It would be crucial to see if $3.35 is able to hold up well, failing which it may continue to fall further towards $3.30 then $3.25 and below.

24th July 2019
TA wise , looks bearish!
Breaking down of 3.45 would be quite ugly and may see the price goes down to revisit 3.40 then 3.35.

The next destination is 3.20 follow by 3.10.

Not a call to buy or sell.

Pls dyodd.

Wilmar Intl

Chart wise, it has a very impressive running up from $3.26 to a high of $4.08 looks fabulous!

A steep running up with little pause. Is it a Bull trap ?

This bullish momentum could be due to the recent China IPO saga..

I think is good to be cautious!

Not a call to buy or sell.

Pls dyodd.

Frasers L&I Tt

Chart wise,looks rather bearish!
Breaking down of 1.19 would be rather negative and may likely see the price sliding down to 1.15 and below.

The company just released the  quarter result ,DPU is down 3.9% to 1.73 cents . Looks like we have a challenge here as the foreign exchange is eating up the NPI.

We will know how the market react come Next Monday!

Not a call to buy or sell.

Pls dyodd.

Frencken

A long white Bullish bar appeared on the chart yesterday and close well at 71.5 cents coupled with high volume ,looks rather positive!

I think short time wise likely to pull back a bit after such a long wide extended bar.

After this pause, it may likely re-attempt 72 cents . Breaking out with high volume that may drive the price higher to 80 then 85 and above .

Not a call to buy or sell.

Pls dyodd.

SingTel

Today closing price at $3.47 seem to be holding above its recent low of $3.45 and forming a doji on the chart which may seem to be rather uncertain.

It is going ex-dividend tomorrow with 10.7 cents dividend and the first support level would be at $3.35 level.

It would be crucial to see if $3.35 is able to hold up well, failing which it may continue to fall further towards $3.30 then $3.25 and below.

24th July 2019
TA wise , looks bearish!
Breaking down of 3.45 would be quite ugly and may see the price goes down to revisit 3.40 then 3.35.

The next destination is 3.20 follow by 3.10.

Not a call to buy or sell.

Pls dyodd.

Frasers Comm Trust

3QFY19 portfolio gross revenue of S$30.2 million was stable compared to 2QFY19, while net property income (“NPI”) of S$19.8 million was slightly lower by 1.7%, mainly due to higher property tax expense for Alexandra Technopark and the average weaker Australia Dollar compared with a quarter ago, partially offset by higher rent revenue for China Square Central. 3QFY19

portfolio gross revenue decreased by 7.0% year-on-year, mainly due to lower occupancy rate for Alexandra Technopark, divestment of 55 Market Street on 31 August 2018 and effects of the average weaker Australia Dollar, partially offset by higher rent revenue for China Square Central. The corresponding

NPI decreased 3.0% year-on-year, mainly due to the lower gross revenue, higher property tax expense for Alexandra Technopark and higher amortisation of lease incentives for Central Park and 357 Collins Street, partially offset by lower maintenance expenses for the Singapore properties and Caroline Chisholm Centre and lower utilities expense for Alexandra Technopark.

 The NPI figures above are before contribution from the 50.0% indirect interest in Farnborough Business Park (“FBP”) in the United Kingdom (“UK”), which is held as a joint venture and equity-accounted. The 50.0% interest in FBP was acquired on 29 January 2018 and the attributable NPI for 3QFY19 was S$2.0 million2 . Including the attributable NPI of FBP, portfolio NPI for 3QFY19 would be S$21.8 million.

While there are currently uncertainties with regard to the eventual outcome and impact of Brexit, the Manager remains confident on the long-term prospects of the UK market. The Manager expects the performance of FBP to remain stable given the property’s solid fundamentals, which include a high-quality tenant base, healthy occupancy rate of 97.4% and long WALE of 7.1 years3 (with 90% of current leases by income expiring beyond FY22), as at 30 June 2019.


The portfolio average committed occupancy rate as at 30 June 2019 was 94.1%4 , a 12.6 percentage-point improvement from 81.5% at the end of the previous quarter. Occupancy rates for the Singapore portfolio, the Australia portfolio and FBP as at 30 June 2019 were 93.9%5 , 93.5%5 and 97.4%6 , respectively. The Singapore portfolio saw a significant uplift in committed occupancy by 26.4 percentage-points from the end of the previous quarter. This was mainly due to committed occupancy at Alexandra Technopark rising to 93.7% from 59.2%, on the back of lease commitments secured from Google Asia Pacific Pte. Ltd. (for around 344,100 sq ft of space)7 and several other tenants during the quarter.

I think result doesn't look good with NPI down 3% to $19.7m. Even though the occupancy rate has increased from 81.5% to 94.1%.

DPU is flat /maintain at 2.4 cents .

Yearly Dividend of 9.6 cents, Yield is about 5.8%.
P/B of 1.05x

I think is good to be cautious!

Not a call to buy or sell.

Pls dyodd.

MapleTree Log Trust

The Board of Directors of Mapletree Logistics Trust Management Ltd. (“MLTM”), manager (“Manager”) of Mapletree Logistics Trust (“MLT”), is pleased to announce that for the financial quarter ended 30 June 2019 (“1Q FY19/20”), MLT’s amount distributable to Unitholders rose 20.8% year-on-year to S$73.6 million while distribution per Unit (“DPU”) grew 3.5% to 2.025 cents on an enlarged unit base.

 Gross revenue for 1Q FY19/20 increased 13.6% year-on-year to S$119.8 million while net property income (“NPI”) saw an 18.2% rise to S$106.1 million. The improvement in results was underpinned by a stable performance from existing properties as well as contributions from the completed

redevelopment of Mapletree Ouluo Logistics Park Phase 1 and accretive acquisitions completed in FY18/19. Overall growth was partially offset by the absence of contribution from five properties in Japan divested during 1Q FY19/20 and two properties in Singapore divested in FY18/19

Total debt outstanding declined by S$127 million from the previous quarter to S$2,963 million. The lower bank borrowings was largely due to repayment of loans with proceeds from the divestment of five properties in Japan, partially offset by additional loans drawn to fund capital expenditure as well as higher net translated foreign currency loans attributable to the appreciation of JPY and HKD.

 Accordingly, MLT’s aggregate leverage decreased to 36.8% as at 30 June 2019 from 37.7%. The weighted average borrowing cost for 1Q FY19/20 was 2.8%2 per annum.


FCF of $45066 ( $50217 - $5151) doesn't seem to be able to cover the DPU payout of $59,599.
Interest payment + Perpetual payment of another $25m..

I think is good to be cautious!

Tomorrow we will know how the market reacts to this set of financial numbers.

NAV 1.17
P/B - 1.38x
Dpu of 2.025 x 4 = 8.1 cents, Yield is about 5%.

Ideally would prefer a min yield of 6% that is around $1.35 level.

Not a call to buy or sell.

Pls dyodd.

Capitaland

TA wise, looks like it is running out of steam!
Likely to reverse this uptrend mode and go lower!

Short term wise, I think it may likely retest 3.58 level.
Breaking of 3.58 with high volume that may likely see the prices slide further down towards 3.50 then 3.40 with extension to 3.30 level.

Not a call to buy or sell.

Pls dyodd.

Sembcorp Marine

We had witnessed a spike in prices on 17th July and closed well at 1.51 coupled with high volume this is rather bullish!

A nice white soldier had appeared on the chart, likely to see this momentum continue and bring the price higher!

Short term wise, I think it may likely re-attempt 1.54/1.55 level.
Breaking out smoothly plus good volume that may drive the price higher towards 1.60 and above.

Not a call to buy or sell.

Pls dyodd.

Keppel Corp

Singapore, 18 July 2019 – Keppel Corporation Limited (Keppel) reported a net profit of S$356 million for the half year ended 30 June 2019, 39% below the S$586 million achieved a year ago, mainly due to lower contributions from en-bloc sales of property projects which amounted to S$416 million in 1H 2018.


Compared to 1H 2018, the six months of 2019 saw improved performance at Keppel Offshore & Marine which returned to profitability, higher contributions from M1 following the consolidation of its results with the Group, as well as strong earnings growth at Keppel Infrastructure and Keppel Capital.

The Group’s 1H 2019 revenue of S$3,315 million, was 11% higher than the S$2,993 million achieved in 1H 2018, mainly due to higher sales contributions from Keppel Infrastructure, Keppel Capital and M1, offset by lower revenues from Keppel O&M and Keppel Land.

For the first six months of 2019, the Group achieved an annualised return on equity of 6.3%. Net gearing rose to 0.82x as at 30 June 2019, compared to 0.48x as at 31 December 2018, following the privatisation of M1 and Keppel Telecommunications & Transportation, as well as due to higher working capital requirements, the payment of the final cash dividend for FY 2018 and the recognition of lease liabilities. Free cash outflow was S$614 million in 1H 2019 compared to an inflow of S$873 million in 1H 2018 due to higher working capital requirements and lower proceeds from en-bloc sales.

The Group’s net profit for 2Q 2019 was S$153 million, 39% lower than the S$249 million for 2Q 2018, in the absence of en-bloc sales of property projects, partly offset by stronger performance from Keppel Offshore & Marine, Keppel Infrastructure and Keppel Capital. Group revenue of S$1,784 million was 17% higher than the S$1,523 million achieved a year ago, with higher contributions across Keppel Infrastructure, Keppel Land, Keppel Capital and M1.


EPS for half year is 19.6 cents. Estimated FY EPS of 39 cents.
PE is about 17x, which is more or less trading at full value for the current price of $6.59.

Chart wise, doesn't look so rosy!

Not a call to buy or sell.

Pls dyodd.

G Invacom

It has managed to clear 12 cents and 13 cents as well. Looks like it may soon move up to retest 14 cents then 15 & 16 cents again!

Not a call to buy or sell.

Pls dyodd.

5th July 2019
Friday we had witnessed the nice breaking out moment at 10.7 cents and close well at 11 cents, coupled with high volume this is rather bullish!

Short term wise, it may move up to retest 12 cents then 13 cents with extension to 14 cents.

Pls dyodd.

4th July 2019
TA wise, looks bullish!
It has managed to bounce-off from the low of 3.2 cents and rises higher to touch 10.7 cents, looks rather positive.

The current price of 9.9 cents is staying above its SMA lines plus MACD is rising up nicely likely to continue to trend higher.

Short term wise, I think it may likely re-attempt the recent high of 10.7 cents.
Breaking out with ease + good volume that may drive the price higher towards 12 then 13 cents with extension to 14 cents.

Do exercise with extra cautious as this is a ultra penny counter!

Not a call to buy or sell.

Pls dyodd.

AEM

Chart wise,doesn't look too Rosy!
A breaking down for the pivot low of 99.5 cents that would be rather bearish and could see further selling down pressure.

With the on going trade saga , I think their result won't be good for the coming quarter result!


Short term wise, I think once 99.5 cents has been broken down, it may go down to test 95 then 90 cents again!

Not a call to buy or sell.

Pls dyodd.

CapitaComm Trust

After hitting the high of 2.31, it has finally retraced lower to touch 2.13 and close a bit higher at 2.17 ,looks rather bearish!


It has just released it's quarter result today with DPU slightly increased from 2.19 to 2.2 cents.

I think market doesn't really react positively to this financial result as price has weaken 1 pip from yesterday closing price of 2.18.


It may go down to retest 2.13 the recent low. Breaking down would be rather bearish and may set the tone for further sliding down to 2.05 then 1.99 level.

Pls dyodd.

4th July 2019
Chart wise, it had a very good running up from $1.90 to $2.26 level seems overly extended.
I think high chance it may pull back or reverse !

NAV is $1.815.
DPU of 8.7 cents.
Yield is 3.84%

For investing wise, it is getting overpriced and trading at super premium price.
It has failed my selection criteria for Reits investing that is yielding below 5.5% and having a Price/Book value of 1.245 . Ideally,would prefer to be below P/B of 1 or 0.9x .

When recession set in, I think rental revenue may drop and the yield may be even lower.

Trading wise, I am waiting for the reversal trend to be triggered anytime soon !
This is looking juicy for a shorting candidate!

Not a call to sell or buy.

Pls dyodd.

SingTel

Chart wise, looks bullish!
The uptrend is still intact!
Ex-dividend (10.7 cents) on 26th July 2019 that is next Friday .

Will it make another attempt to retest 3.56 level.
Crossing over smoothly plus good volume that may drive the price higher towards 3.61 level with extension to 3.66 /3.70 level.

The usual scenario/trading strategy is to lock in profit before it went XD on 26th July.
Therefore ,I think any breakout may be short-live.

Not a call to buy or sell.

Pls dyodd.

Alliance Mineral

Chart wise, super bearish!
I think looks like it may go lower to retest 11 cents soon !

The selling down is steeped and the SMA lines is in orderly manner using the daily chart view.
High chance it may retest 11 cents. If cannot hold next we could be seeing 10 cents then 8 cents follow by 5 cents ..

Not a call to buy or sell.

Pls dyodd.

APAC Realty

Looks like it it going to re-conquer 57 cents and rises higher to test 60 cents soon!

Not a call to buy or sell.

Pls dyodd.

1st July 2019
Yesterday closed well at 55 cents,looks rather encouraging!


Chart wise, looks Bullish!
It has managed to bounce off from the low of 48.5 cents and rises higher to touch 56 cents yesterday,looks rather positive!

Short tern wise, I think This momentum may likely drive the price to retest 56 then 57.5 cents with extension to 60 - 66 cents.


Not a call to buy or sell.

Pls dyodd.

SPH

Looks like this old man stocks counter has been on a ferocious selling down pressure down 17 cents to 2.32 after posted Net profits was down 44% for 3rd quarter result, looks rather bearish!

Will it cut the special dividend of 4 cents that may dampan further downgrade by analyst.

It is now approaching the previous low of 2.29. Breaking down of 2.29 may slide further down to 2.20 then 2.00.

Not a call to buy or sell.

Pls dyodd.

CityDev

Chart wise, looks like it may reverse this Uptrend mode and turn into bearish reversal patterns!

I think is good to monitor to see if it can hold up above the price level of 9.43 . Failing to do so, we may see further selling down pressure.

Not a call to buy or sell.

Pls dyodd.

Hong Leong Asia

Last Friday we have witnessed a spike in price and close well at 57 cents coupled with High volume , this is rather bullish!

Looks like something is brewing!

NAV 1.035

Short term wise, I think it may likely move up to retest 60 then 62 cents with extension to 64 cents.

Not a call to buy or sell.

Pls dyodd.

STI

Is good to monitor 3321 level, if the index goes below 3321 would be rather bearish!

Spore economy has contracted and the 2nd qtr gdp has merely grown by 0.1%. This is almost 0% growth . I think is good to exercise with due care ! Is good to stay sideline.

Also I think US 2nd quarter reporting would be crucial and many companies have pre-warned of profit guidance.. Therefore,is good to be cautious at this point as US indexes has continued to break new high despite slower economy growth and possibility of interest rate cut in July.


I think market is overdue for correction.

Pls dyodd.

11th July 2019
Chart wise, looks rather bearish!

Today Gap up but close lower and is forming a Bearish Pin bar , doesn't bode well !


 Short term wise, I think it may likely go down to retest 3300 level then 3268 level with extension to 3200.

Not a call to buy or sell.


Pls dyodd.

Wilmar Intl

Friday night Wilmar has made the announcement that China Securities has accepted Wilmar subsidiary company - Yihai Kerry to list on Shenzen Stock Exchange


I think this is good news for investor and the company is able to unlock some value for shareholders.

The listing of new shares of about 10% may be offered during IPO.


Taking a look at the chart , Price has run up quite a bite from 3.20 to 3.83. Price is up 20-25© if we are using the base price of $3.00.

Price may have already factored into this IPO listing potential.


Nav $3.54.
PE 15X.

TA wise, is still on a Uptrend mode!
I think Monday may see a Gap up reaction to the listing of this IPO.

If it can re-conquer 3.83 smoothly plus good volume that may drive the price higher towards $4.00 then $4.20 with extension to $4.40.

Not a call to buy or sell.

Pls dyodd.

ASCENDAs Reit

TA wise, It has retested the all time high of 3.18, looks like we may see a retracement happening soon!

Short term wise, I think it may likely go down to revisit 3.00 then 2.88 with extension to 2.80 level.

Not a call to buy or sell.

Pls dyodd.

STI

Chart wise, looks rather bearish!

Today Gap up but close lower and is forming a Bearish Pin bar , doesn't bode well !


 Short term wise, I think it may likely go down to retest 3300 level then 3268 level with extension to 3200.

Not a call to buy or sell.

Pls dyodd.

Asian Pay Tv

Looks like something is brewing!
Rockets up 2.2 cents to 19.6 cents, looks like this strong momentum may continue!

It has managed to clear the previous high of 19.4 coupled with high volume, likely to rise further!

Short term wise, I think it may likely retest 20.5 then 21.5 cents .

Not a call to buy or sell.

Pls dyodd.

Genting

Genting is still on track to rise higher!

Need a nice push to cross over 93 then 94 smoothly plus good volume that may drive the price higher towards 96 then $1.02.

Not a call to buy or sell.

Pls dyodd.



29th June 2019
TA wise, looks bullish!
It has managed to bounce-off from the low of 85.5 cents and rises higher to touch 93.5 , looks rather positive!

The current price is staying above its SMA lines plus MACD is still rising up nicely, likely to continue to trend higher!

Short term wise, I think likely to retest 93.5 cents. Crossing over with ease plus good volume that may propel to drive the price higher towards 1.00 then 1.05 with extension to 1.08.

Not a call to buy or sell.


Pls dyodd.

Synagie

Wow! Come back again! Today it has a beautiful white soldier! Close well at 16.9 cents coupled with high volume this is rather Bullish!

Short term wise,I think it may like retest 18 cents then 18.4 cents with extension to 20.5 cents !

Pls dyodd.

23rd June 2019

Chart wise, looks bullish!
Double bottoming !
It has managed to bounce-off from the low of 6 cents and rises higher to hit 15.3 cents, looks positive!

My Trading plan:
EP 15.3 cents.
TP 17 to 20 cents.
SL 14 cents.

Short term wise, I think it may likely continue to trend higher!
Do take note that this is a Penny stocks counter and is always good to exercise with due care!

Not a call to buy or sell.


Pls dyodd.

HRnetGroup

Bull and Bear is still fighting at the current price level of 69.5 cents.

A nice breaking out of 72 cents plus good volume that may drive the price higher towards 75 and above.

Dividend of 2.8 cents.
Yield of 4% looks pretty decent!
PE of less than 14x.
Zero debts. Net cash position.

30th June 2019

Chart wise, looks pretty healthy as it has managed to bounce-off from the low of 67 cents and rises higher to touch 72 cents, looks rather positive!

Short term wise, I think it may likely re-attempt 72 cents. Breaking out with ease plus good volume that may drive the price higher towards 75 then 78 - 80 cents.

Not a call to buy or sell.


Pls dyodd.

Ascendas Reit

Ascendas reit is giving an average dpu of 0.15766 for the past five years .
Yield is about 4.95%.
NAV is 2.13
P/B is 1.50.

I think the fair value is about 2.72 - 2.86.

Browsing through their Cash flow statements for past 5 years, They are paying out more than their FCF. Which means they are having negative FCF most of the time. I think is good to be cautious!

As at 31 March 2019, aggregate leverage stood at 36.3% (31 December 2018: 36.7%, 31 March 2018: 34.4%). Weighted average all-in cost of borrowing was maintained at 3.0%. About 83.0% of Ascendas Reit’s borrowings are on fixed rates for an average term of 3.6 years. The debt maturity profile remains well-spread. The weighted average tenure of debt outstanding was further extended to 4.0 years. A high level of natural hedge in Australia (75.5%) and the United Kingdom (100%) is maintained to minimise the effects of adverse exchange rate fluctuations. Ascendas Reit continues enjoy the A3 credit rating by Moody’s.




TA wise, It has retested the all time high of 3.18, looks like we may see a retracement happening soon!

Short term wise, I think it may likely go down to revisit 2.88 then 2.80 with extension to 2.56 level.

Not a call to buy or sell.

Pls dyodd.

Sembcorp Ind

The trend is still valid since my posts on 27th June 2019.
It is still staying within the support and resistance level and may rise higher to retest 2.50 and then 2.55 level.

The selling down from 2.49 to hit the low of 2.40 was due to market reaction towards the old news of it subsidiary - Sembcorp Marine lately resurfaced from the media.

I think the selling down is overly done as the investigation may take months or even years to make a closure of this saga.

Not a call to buy or sell.
Pls dyodd.


27th June 2019
Chart wise, seems to have bounced off from the lower trend line of 2.39 and rises higher to touch 2.44, looks Bullish!

 Short term wise, I think it may move up to retest 2.50 then 2.53.

Not a call to buy or sell.


Pls dyodd.