Tuesday, April 30, 2024

Micro-Mechanics - 3rd quarter results is out! Net profit is up 12.8 percent to 1.8m. Gross revenue is down 8.7 percent to 13.6m. Maintain sound financial position of 13.1m with Zero Bank borrowings

 Micro-Mechanics - 3rd quarter results is out! Net profit is up 12.8 percent to 1.8m. Gross revenue is down 8.7 percent to 13.6m. Maintain sound financial position of 13.1m with Zero Bank borrowings.


They managed to deliver






higher net profit due to their diligent efforts to control costs.

Yearly dividend is about 6 cents.




Yield is about 4.25%.

Pls dyodd.

Monday, April 29, 2024

Mapletree Log Tr - 4th quarter results is out! Gross Revenue is up 1.2 percent to 181m, NPI is up 0.6 percent to 155m, DPU is down 2.5 percent to 2.211 cents marginally due to enlarged no of unit base, rental reversion increased 2.9 percent, gearing 38.9 percent which is quite healthy! I think the results is quite resilient! Pls dyodd.

 Mapletree Log Tr  - 4th quarter results is out! Gross Revenue is up 1.2 percent to 181m, NPI is up 0.6 percent to 155m, DPU is down 2.5 percent to 2.211 cents marginally due to enlarged no of unit base, rental reversion increased 2.9 percent,  gearing 38.9 percent which is quite healthy! I think the results is quite resilient! Pls dyodd. 





Occupancy rate 96%.

XD 2.211 cents on 7th May 

Pay date 26th June.

Fixed loan rate of 84%.

Do take note. 





Saturday, April 27, 2024

CapLand Ascott - quarter gross profit for the first quarter ended March rose 15 per cent, Awesome! Gearing 37.7 percent, occupancy rate is about 95 percent. Seem good! Pls dyodd.

 1st quarter gross profit for the first quarter ended March rose 15 per cent year on year, due to contributions from new properties and a stronger operating performance.




Gearing stood at 37.7 per cent, which its managers estimated to translate to about S$2 billion in debt headroom.




Its average interest rate stood at 3 per cent per year with an interest cover of 3.7 times and a weighted average debt to maturity of 3.9 years.



Occupancy rate is about 95%.

Estimating yearly dpu of 5.5 cents. At 90 cents,  yield is about 6%. 

I think is quite a good yield level!

Pls dyodd.

Friday, April 26, 2024

Olam Group - Chart wise, bullish mode! She is looking great to retest 1.23 again! A nice breakout smoothly may see her rising up further towards 1.30 level! Pls dyodd.

   Olam Group  - Chart wise,  bullish mode! She is looking great to retest 1.23 again! A nice breakout smoothly may see her rising up further towards 1.30 level! Pls dyodd. 



Nice handling out during AGM on 25th April - Thursday at 2pm.



Olam Group  - Nice Breakout at 1.08! She is looking great to rise up to test 1.20 the next resistance level! Pls dyodd.  



 Olam Group  - Chart wise,  she will need to cross over 1.08 in order to rise up towards 1.20 and above! Cutting price of 1.02, yield is a whopping 6.86 percent of which is a very good yield level. 



The compnay just bought back 750k share at 1.02, looks like current price is undervalued! Pls dyodd.  


Olam Group  - Chart wise,  gaining strength! Likely to rise up to retest 1.08 again!



 A nice breakout smoothly plus high volume would likely drive the price higher towards 1.20 and above! Yield is quite attractive at 6.8 percent. Pls dyodd. 

 Olam Group  - Another TH baby! Chart wise, bullish mode! Likely to test 1.10 than 1.20 and 1.29. Final dividend of 4 cents, yield is about 6.9 percent at 1.02! Do take note! 



The company just started buying back share today at 0.9906 for 376,500 share. 

XD 3rd May. 

Pay date 13th May.

Seem like the share has been overly beaten down due to the court case saga!

Look at Wilmar price also has been pressed down due to quite similar situation. Pls dyodd. 

Thursday, April 25, 2024

Mapletree Ind Tr - The 4th quarter results is out! Gross Revenue is up 4.4 percent to 178.7m, NPI is up 2.2 percent to 131.78m. DPU is up 0.9 percent to 3.36 cents. The results seem quite resilient and not bad! Looks like the worst is over! Pls dyodd.

 Mapletree Ind Tr  - The 4th quarter results is out! Gross Revenue is up 4.4 percent to 178.7m, NPI is up 2.2 percent to 131.78m. DPU is up 0.9 percent to 3.36 cents. The results seem quite resilient and not bad! Looks like the worst is over! Pls dyodd. 




Gearing 38.7% which is quite healthy! 


Fixed loan rate of 84.6%.

ICR 4.8x.




Occupancy rate 91.4%.

NAV 1.76. 

XD 3rd May for 3.36 cents. 

Pay day 10 June. 


Wednesday, April 24, 2024

Frasers Cpt Tr - 1st Half Results is out! Gross Revenue is up 2.9 percent to 172.2m, NPI is up 2.1 percent to124.6m. Gearing 38.8 percent. DPU is down 1.8 percent to 6.022 cents, results is not bad!

 Frasers Cpt Tr - 1st Half Results is out! Gross Revenue is up 2.9 percent to 172.2m, NPI is up 2.1 percent to124.6m. Gearing 38.8 percent.  DPU is down 1.8 percent to 6.022 cents, results is not bad! 




XD 3rd May for balance dividend on 1.772 cents due advance payment of 4.25 cents for PP.



Pay date 30th May.

Occupancy rate 99.9%.

Hopefully,  the AEI going to be completed in September at Tampines 1 may help to boost their Gross revenue. 

Pls dyodd. 


Tuesday, April 23, 2024

Mapletree PanAsia Com Tr - The 4th Quarter results is out! DPU is up 1.8 percent to 2.29 cents, seems not bad!

  Mapletree PanAsia Com Tr - The 4th Quarter results is out! DPU is up 1.8 percent to 2.29 cents, seems not bad! 






(DPU) for the fourth quarter ended March grew 1.8 per cent year on year to S$0.0229 from S$0.0225 previously.

Unitholders can expect to receive the distribution payout on Jun 6 after book closure on May 3. 

The real estate investment trust’s (Reit) gross revenue grew 2.6 per cent to S$239.2 million, while net property income (NPI) for the quarter rose 3.2 per cent to S$183.1 million with an NPI margin of 76.6 per cent.

Frasers Cpt Tr - Wow! She is up 5 cents to close well at 2.16, seems like results is on 25th April might be good! Likely to rise up to test 2.20! Pls dyodd.

   Frasers Cpt Tr  - Wow! She is up 5 cents to close well at 2.16, seems like  results is out on 25th April might be good! Likely to rise up to test 2.20!



 Pls dyodd.


Frasers Cpt Tr  - She is trading at 2.11, yield is 5.7 percent for this rare local retail reit that is trading at an attractive price level!



 NAV 2.31, Gearing below 40 percent,  Results is out on 24th April, dividend is coming! Do take note!


 Frasers Cpt Tr (FCT) - One of the rare local neighborhood retail mall reit that you wouldnt want to miss out especially for investing in reit! Yield is about 5.5 percent, NAV 2.31, Gearing is below 40 percent. I think great sales is still here ! Do take note!



She will be releasing her results on 25th April! Dividend of about 1.85 to 1.9 cents is coming after minusing put the advance DPU being paid out due to the Private placement for the acquisition of NEX up till 50%. 

Let's see how it fares for the dpu with the completion of this new acquisition!



During Bull market she used to be trading at 2.65 to 3.00.


Pls dyodd.

FCT (Frasers Cpt Tr) - Nibbled a bit at 2.17 after locked in profit for KDC! At 2.17 yield is about 5.55 percent seem quite a good yield!



 Dividend just credited today, awesome! 

 FCT : Frasers Cpt Tr  - Went there for dinner, very crowded! Very good traffic crowds plus business for FCT. At 2.20, yield is about 5.5 percent, seem quite good ! 










 Today went to NEX at Serangoon to do some errands like duplicating the keys at 4th floor- Shoes & Keys at 4th floor. $4 per key not too bad! Bought some breads and saw the Japanese food fair at 1st level.  










Bought some pan cakes and nice strawberries.


Frasers Cpt Tr  -  On Monday she will included on the STI index component stocks counter likely to see some buying activities! At 2.18, yield is at about 5.5 percent of which I think is quite a good yield.  One of the rare local retail mall reit not too miss out! Pls dyodd. 

Frasers Cpt Tr  - SHE IS TRADING at quite a nice Yield level of about 5.49 percent at 2.20. Estimating yearly dividend od 12.07 cents. NaV  2.311, Gearing is below 40 percent looks like a good pivot point to monitor and buy on further weakness! Pls dyodd. 


On 18th March FCT will be included on the STI components index , likely to see some buying activities when trading near the actual date! 

Immediate support is at 2.15. Next support is at 2.10 and 2.00.

Do take note!

Yesterday had my dinner at one of the FCT mall , nice! Lai ah, Jiak! 




Get more juicy dividend and continue to support their mall. Awesome!



Private placement price of 2.18.

Advance DPU of 4.25 cents,  XD 1st February. 



FCT - She has managed to reclaim 2.30 and trading at 2.31 to 2.32 is rather bullish! Likely to continue to trend higher! 

Pls dyodd.


 *Frasers Cpt Trust*

— Strong operating performance: Retail Portfolio committed occupancy' at 99.9%, up 1.5%-pt y-o-y and up 0.2%-pt q-0-q




— Aggregate leverage 37.2% as at 31 Dec 2023, down from 39.3% as at 30 Se 23

— 1Q24 all-in cost of borrowing at 4.3% (4Q23: 4.1%)



Chart wise,  let's see if she can rise up to reclaim 2.30 level in order to continue this uptrend direction!

Pls dyodd.

Full Year results is out! 





Gross Revenue is up 1.8% to 184m.

NPI is up 1.1% to 129m.

DPU is down marginally 1.2% to 6.02 cents versus 6.09 cents last year! 

Gearing is 39.3%.

Gearing is expected to go down to 36.1% upon completion of divestment of Changi City Point.  

The Average costs of borrowing is 3.8% Slightly higher than last year 3.7%.

Occupancy is 99%.

Please dyodd.

Wah, she is having a nice rebound today up 6 cents to 2.15  looks rather encouraging! 



The volume isn't that high!

Let's monitor and see if it will continue to trend higher towards 2.20 and above!

Results is due on 25th October. 

Pls dyodd.


The selling down has been too drastic!

At 2.06, yield is 5.92% for this retail reit counter that is fundamentally sound of which I think golden opportunity is here!




Chart wise, it may well go down to revisit 2.00.

next support is at 1.89-1.90.

Not a call to buy or sell!

Please dyodd.

 Divestment of the Changi Mall at 338M , Citi Analyst upgrade to buy with a price target of 2.51, Awesome!

Quote :

Citi Research analyst Brandon Lee has upgraded his call on FCT to “buy” given its improved gearing to 37.1%, making the REIT the lowest-geared retail Singapore REIT (S-REIT) among the REITs within his coverage.

FCT’s move will also give it sufficient debt headroom to make potential acquisitions that are accretive to its distribution per unit (DPU), Lee adds.

The recovery of retail revenue after Covid-19 is also another plus for FCT in the analyst’s book.

With all that in mind, Lee has increased his target price to $2.51 from $2.30. His new target price has an implied P/B of 1.08x in-line with FCT’s five-year pre-Covid-19 mean of 1.09x.



Chart wise,  bullish mode!

A nice breakout of 2.26 smoothly plus good volume that may likely drive the price higher towards 2.30 than 2.35 and above!

NAV 2.32. Yearly Dividend is about 12.2 cents. Yield is about 5.44% at 2.24. I think gd price level to monitor. 

Please dyodd.