Venture - She is gaining momentum likely to rise up to test 18.75. A nice breakout with ease we may likely seeing her rising up further towards 19.00 and above

 Venture  - She is gaining momentum likely to rise up to test 18.75. A nice breakout with ease we may likely seeing her rising up further towards 19.00 and above.

Beyond  19.00, she may rise up to test 19.40 than 20.00 with extension to 21.00. Pls dyodd. 

 Yesterday Gapped up! Closed well at 18.28, up 1.80 within a day, seem overstretched! Is good to take a pause and let the market digest this gains! Pls dyodd. 

Venture  - 1st quarter results update is out. Gross revenue is up 1.9 percent to 628.5m,Net profit of 56.3m. EPS 19.5 cents increased 0.9 percent.  I think results is improving. 

Outlook

In spite of US tariffs, distractions of geopolitical conflicts, USD weakness, sanctions and other impediments, the

Venture Group achieved a turnaround in our 1Q 2026 financial performance, albeit with only a small year-on-year

revenue increase, but one that is of significant importance. This is like new shoots sprouting in early spring.

We expect these new shoots to grow in 2026. With existing customers and partners in our selected tech domains

we are growing market share in the hardware space. Our strong R&D Labs are gaining traction in Hyperscale Data

Centres and Life Science domains with new programs, products and systems. Venture’s R&D work in the

Consumer Lifestyle sector has advanced to collaborative technology development. This advancement will place

Venture’s R&D Labs in a good position for future opportunities beyond product/system design and development.

Venture continues to invest in Operational Excellence and forge new levels of more comprehensive strategic

collaborative partnerships in an emerging multipolar world.

In keeping with Venture’s core values, our employees collectively aspire to serve and delight our customers with

our Operational Excellence, from Business Development to Technology and Products/Systems Development, as

well as excellence in Design Services, Manufacturing and Supply Chain Management, together with our

supporting functional teams.

We continue to develop broader, deeper and more strategic partnerships and business collaborations with all our

key customers and business partners.

SingTel - She is being sold down to 4.59, looks rather interesting

 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 

Sembcorp Ind - After XD on 6th May the price started correcting from 6.69 to touch the low of 6.07 and slowly recover to 6.21. She is still not out of the wood yet

 Sembcorp Ind  - After XD on 6th May the price started correcting from 6.69 to touch the low of 6.07 and slowly recover to 6.21. She is still not out of the wood yet.

I have planted small units at 6.16 about 4% yield and see how it progress.  If the price goes lower then may be can add some along the way. Pls dyodd. 

Sembcorp Ind - Chart wise,  bearish mode. She may go down to test 5.98 than 5.60.

At 5.60, yield is about 4.45%. Pls dyodd. 

  Sembcorp Ind  - After XD, price continues to trend lower,  likely to go down to test 6.00 and below.

Next, she may go down to test 5.87 than 5.80.Pls dyodd. 

 Sembcorp Ind  - Chart wise,  looks like the simple moving average indicator has started to turning down, doesnt look good!

She may go down to test 6.32. If unable to hold , she may go further downward to test 6.00 and below.

XD 6th May 16 cents dividend.  Do take note! Pls dyodd. 

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

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 

SingTel - 2nd Half results is out. Net profit after net exceptional gain amounted to S$2.20 billion.Operating revenue, EBITDA and OpCo EBIT1 rose 2.7%, 1.1% and 4.7% respectively, driven mainly by NCS, Digital InfraCo and Optus.Final dividend of 10.3 cents.

 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 

Aem - Yesterday, it had fallen below the Gapped at 8.35 and managed to bounce-off from the low of 7.98 and closed at 8.80, looks like some buying activities spotted

 Aem - Yesterday,  it had fallen below the Gapped at 8.35 and managed to bounce-off from the low of 7.98 and closed at 8.80, looks like some buying activities spotPls.The volume is not that high, that see how it fares today. I think fund has locked in profit when she was being pushed up to a high of 10.68. The pushing seem too overstretched. Pls dyodd. 

  AEM - The Gapped up this morning plus continue to push it higher and closed all time high at 9.91, looks rather extremely over stretched. Likely to pullback!

Pls dyodd. 

How deep is the pullback,  nobody knows!

AEM Reports Strong 1Q FY2026 Results Driven by AI/ HPC 

Production Ramp, Revises Revenue Guidance Upwards

• 1Q2026 revenue increased 35.8% year-on-year to S$116.9 million

• Profit before tax rose to S$17.8 million, with PBT margin expanding to 15.2%

• Test Cell Solutions revenue grew 72.0% year-on-year, driven by AI/HPC production 

deployments

• FY2026 revenue guidance raised by approximately 20% to S$550 million to S$600 

million

• Continued momentum from fabless AI/HPC customer and improving demand from 

PC/Foundry customer.

Looks like finally can see their businesses turning around.  Net profit increased 329.4% to 14+m vs 3.3m last year.

The Company is back to net cash position of 56.5m.

Tomorrow will the price Gapped up and rises higher to test 9.00.

AEM - Chart wise   bullish mode.  She is gaining strength likely to rise up to test 8.00 and above.

Beyond 8.00, she may rise further higher towards 8.36 the recent high!

A nice breakout smoothly at 8.36, she may continue to trend higher towards 9.00 and above. Pls dyodd.