Frencken - 1st quarter results update is out. Across the board, Gross revenue, net profit and profit margins all decreased doesnt seem so rosy.For 1Q26, the Group reported revenue of S$202.0 million and gross profit margin of 14.4%. Net profit attributable to equity holders of the Company (“PATMI”) for 1Q26 totalled S$8.0 million which included a foreign exchange loss of S$1.1 million.

 For 1Q26, the Group reported revenue of S$202.0 million and gross profit margin of 14.4%. Net profit 

attributable to equity holders of the Company (“PATMI”) for 1Q26 totalled S$8.0 million which included a 

foreign exchange loss of S$1.1 million.

REVENUE ANALYSIS

The Mechatronics Division’s revenue decreased 7.7% yoy to S$180.4 million in 1Q26. This was due 

mainly to lower revenue contributions from the semiconductor and analytical life sciences segments of 

Mechatronics Europe. The revenue performance of this division’s main business segments in 1Q26 is

provided below:

− Semiconductor segment’s revenue eased 7.0% yoy to S$98.8 million. Mechatronics Asia registered 

robust sales growth from its key front-end and back-end semiconductor equipment customers during 

1Q26. This partially cushioned against the decrease in sales from Mechatronics Europe, which saw 

a moderation in orders of an advanced module for EUV systems from its peak level in 2025.

The Group will maintain a diverse portfolio that provides exposure to technology businesses of varying

growth and stability profiles for better resilience.

Its strategic focus in the next phase is to capitalise on current tailwinds and emerging opportunities for

core businesses as well as build new growth engines, through organic and/or inorganic avenues. 

To support its growth plans to reach and go beyond the S$1 billion revenue mark, Frencken has 

embarked on an organisational alignment initiative to build a scalable and efficient infrastructure. Thismulti-phase initiative will see a centralisation of horizontal functions to raise productivity, improve 

resource deployment and extract cost efficiencies in the future. 

• Core businesses’ outlook / New business pillars

Frencken is well-positioned to ride the current semiconductor upcycle as it serves market-leading 

OEMs across a broad spectrum of chip manufacturing processes from wafer fabrication to assembly 

and test. 

Mechatronics Asia’s growth in 1Q26 was driven by sustained demand from key front-end and back-

end semiconductor equipment customers. It currently sees a positive growth trajectory supported by

active semiconductor programs in volume production, multiple First Articles and new projects as the 

division continues to build on future pipeline and wallet share.

Mechatronics Europe is proactively aligning its capacity and resources as engagements with a key 

semiconductor customer reaffirm a recovery in order flow from the second half of FY2026.

The medical segment is poised for stable growth as the Group continues to support its customers in 

Europe. It also plans to explore opportunities with other prospective customers from the healthcare 

equipment sector in Asia.

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

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. 

ComfortDelGro - The 1st quarter results where Net profit is down 16.1 percent to 40.5m doesnt warrant this kind of selling down. I think fund are happily collecting

 Today, the company bought back another 292k share at 1.265 per share,  looks like price is undervalued. Pls dyodd. 

ComfortDelGro  - The 1st quarter results where Net profit is down 16.1 percent to 40.5m doesnt warrant this kind of selling down. I think fund are happily collecting !

Analysts downplay,  might be they are quietly loading up. This ppl like to flip prata.  

At 1.28, yield is about 6.25% estimating yearly dividend of 8 cents. 

chart wise,  super oversold.  Likely see a rebound soon! Pls dyodd. 

 ComfortDelGro  - 1st quarter results likely out next week as both Vicom and SbS Transit already released their results on Friday and the net income seem improving.  ComfortDelGro likely report better sets of financial numbers .

At 1.43, yield is a whopping 6.29% estimating yearly dividend of 9 cents. I think gd entry pivot point! Pls dyodd. 

 ComfortDelGro AGM - AGM is being held at Sands Expo and Convention Centre today 24 April 10 AM level 3. On the way now. 

The lunch will be served at 11.50Aam.

Cash flow is healthy.  868.4m cash on hands. EPS is up 9.4% to 10.63 cents.  Yearly dividend is up 9.4% to 8.5 cents. 

Payout Ratio of 80%.

Here is a snapshot of the income statement. 

Total Revenue growed more than 5b.Global presents 13 countries. 

 AGM just started! The Chairman Mr. Mark Christopher  and CEO Mr. Cheng Siak Kian is introducing the mgmt  team.

 The bento set meal is delicious! 

 ComfortDelGro  - Finally,  she is back above 1.50, looking gd! She is trading at 1.51, likely to rise up to test 1.56 and above!

Beyond 1.56, she may rise further higher towards 1.60 than 1.64.

 ComfortDelGro AGM - AGM is on 24th April 10AM at Sanss Expo and Convention Centre, Cassia main ballroom level 3. Change venues from Suntec City Mall!

Do take note.Likely have nice bento set meal provided for the 23rd AGM. 

AGM to approve the declaration of Final dividend of 4.59 cents. Plus share buyback mandate and appointments of Directors etc.

ComfortDelGro  - taxi fare temporarily increased by 50 cents to shield against rising fuel costs. I think the company is making the right move to protect driver income. 

I think share price may likely trading in the range of 1.45-1.50.

Quote: Taxi fare will be increased temporarily to shield cabbies from surging fuel costs. Passengers will pay an additional S$0.50 ($0.39) to S$0.80 for trips starting from March 24, the company said in a social media post on Tuesday. Metered rides will also see a S$0.01 increase in the distance-time rate.

  She is trading at 1.45-1.46 likely to test 1.50 again! 

ComfortDelGro - Price seem overly reacted and sold down due to War at Iran. Yield is more than 5.8 percent is a no-brainer opportunity!

I think price may rise up to test 1.50! Plsdyodd. 

Yearly dividend has been consistently increasing for the past few years. 8.5 cents dividend for 2025. 2026 may be can see dividend increase to 9 cents and above.  

 ComfortDelGro- The ME tensions is creating stocks market volatility and share price being sold down due to Fear of oil price rising up,  seem overly done! Likely to see supporters coming to support! At 1.44, yield is a whopping 5.8+%. Stable revenue,  dividend plus cash rich.  Pls dyodd. 

 ComfortDelGro Achieves Record FY2025 Revenue Exceeding S$5 billion,

Delivers 9.4% PATMI Growth

• Revenue grew to S$5.06 billion, a 13.0% year-on-year increase; PATMI up 9.4% year-on-year to

S$230.3 million.

• International revenue contribution reached 55.3%, driven by contributions from acquisitions and new

overseas contracts.

• Proposed final dividend of 4.59 cents per share, bringing the total dividend for FY2025 to 8.50 cents

per share, representing a payout ratio of 80%.

ComfortDelGro Corporation Limited (SGX:C52) (“ComfortDelGro” or, “the

Group”) today announced its financial results for the full year ended 31 December 2025. The Group delivered

strong growth with a total revenue of S$5.06 billion in FY2025, reflecting 13.0% increase compared to

FY2024. Profit After Tax and Minority Interests (PATMI) rose 9.4% year-on-year (yoy) to S$230.3 million.

This performance reflects the Group’s focused execution of its international growth strategy, as total revenue

crossed S$5 billion for the first time while overseas revenue now accounts for 55.3% of total revenue, up

from 49.1% in the previous year. In tandem, overseas operating profit contribution rose to 44.7%, up from

34.9% in the previous year.

Operating profit for its Public Transport segment grew 15.1% yoy to S$149.5 million. This increase was

largely attributed to the renewal of London bus contracts at improved margins, the start of Metroline

Manchester’s operations in early 2025. Operating profit for the Taxi and Private Hire segment saw a 4.4%

yoy increase due to full-year contributions from the acquisition of Addison Lee in 2024. Operating profits from

its Inspection & Testing Services rose 56.1% yoy, mainly driven by the peak volume of On-Board Unit

installations for Singapore’s Electronic Road Pricing 2.0 project throughout 2025.

The Group achieved significant milestones in its Public Transport business in 2025. Beyond the four bus

franchises in Greater Manchester, it had also successfully mobilised three Zero Emission Bus franchises in

Victoria, Australia and commenced operations for the Stockholm Metro in November 2025. These

developments underscore the Group’s ability to deliver long-duration, government-backed contracts that

anchor the Group’s resilience and future cash flows.

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

  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.

Singpost- ● FY25/26 Net Profit of S$60.9 million and Underlying Net Profit of S$10.7 million excluding exceptionals and derecognition of aged trade payables ● The Board recommends a final dividend of 0.06 cents per share and supplemental dividend of 0.41 cents per share

S&P ratings seem not bad! 

 SingPost reports FY25/26 earnings and outlines strategy

● FY25/26 Net Profit of S$60.9 million and Underlying Net Profit of S$10.7 million

excluding exceptionals and derecognition of aged trade payables

● The Board recommends a final dividend of 0.06 cents per share and supplemental

dividend of 0.41 cents per share

● The Group outlines strategy for sustainable growth.

Group Performance and Financial Review

For the financial year ended 31 March 2026, the Group recorded revenue of S$376.1

million, a decline of 23.1% YoY from S$489.1 million. Revenue was impacted by a 55.2%

contraction in International revenue amidst a volatile global macroeconomic environment,

as well as the continued decline in letter mail volumes.

Reflecting the softer international volumes, full-year operating profit fell 68.9% YoY to

S$11.8 million, down from S$37.9 million.

Net profit was S$60.9 million for the full year, boosted by exceptional items and the

derecognition of aged trade payables. Underlying Net Profit (“UNP”) which excludes

exceptional items and derecognition of aged trade payables, stood at S$10.7 million for

the year. Exceptional items of S$19.2 million comprised largely of a fair value gain on

investment properties and a gain on the disposal of subsidiaries. The Group reviewed its

process concerning the recognition and derecognition of liabilities (trade payables) with

overseas postal administrators for international deliveries. Accordingly, S$38.1 million was

derecognised during the financial year.

SingPost has unveiled its strategy for sustainable growth.

SingPost Centre remains a cornerstone of the Group’s Property Assets business. The

Group will retain SingPost Centre and leverage the government’s longer-term blueprint for

the Paya Lebar region to reap potential value-enhancing opportunities for the benefit of

shareholders. In the near term, the Group is evaluating plans to enhance SingPost Centre

to improve efficiency and yield.

In the Logistics & Letters business, SingPost is transitioning to an improved operating

model over the next few years to navigate shifts in demand. By integrating AI and

automation, the Group aims to reduce the cost to serve by more than 10%.

Simultaneously, the Group is leveraging its core competencies and last mile advantage to

broaden opportunities in logistics such as warehousing and value-added solutions.

The Board has recommended a final dividend of 0.06 cents per share for FY25/26.

Additionally, a supplemental dividend of 0.41 cents per share has been proposed, derived

from the net-of-tax derecognition of aged trade payables. This brings the total proposed

dividends to 0.47 cents per share.

The proposed dividends are subject to the approval of shareholders at the 34th

Annual General Meeting to be duly convened. The date payable and record date for

the dividends will be announced at a later date.

Food Empire - Topline jumps 16.9% to US$159.7 million in 1Q2026 to register a record first quarter. enhances liquidity with 1-for-5 bonus issue

 Today, they bought back 150k share about 3.07+ per share,  nice. 

The company brought back 150k os share on 15 May at about 3.09+ per share. Looks like share price may see some support at the current price level! Pls dyodd.  

Food Empire starts FY2026 strongly with double-digit revenue 

growth in 1Q2026; enhances liquidity with 1-for-5 bonus issue

• Topline jumps 16.9% to US$159.7 million in 1Q2026 to register a record first quarter 

performance.

This follows five consecutive years of record revenue from FY2021 to FY2025.

• Central Asia and Russia segments deliver outstanding performance in 1Q2026.

• New coffee-mix manufacturing facility in Kazakhstan to contribute positively in FY2026.

The Group remains on a strong financial footing with a healthy balance sheet and net cash position as 

at 31 March 2026.

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

 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.

NTT DC Reit - The FY results is out! DPU 5.56 cents is slightly higher than the projected y Dpu of 5.42. Occupancy rate of 95.1%. Gearing 29.2%

 NTT DC Reit  - The FY results is out! DPU 5.56 cents is slightly higher than the projected y Dpu of 5.42. Occupancy rate of 95.1%. Gearing 29.2%. ICR 4.2x. positive rental reversion of 8.5%.

Strong leasing momentum driven by steady demand

▪ Delivered robust rental reversion of +8.5% in FY25/26 and +13.7%(1) including NTT Singapore’s lease renewal 

▪ Achieved a favourable outcome on the SG1 Master Services Agreement (MSA) renewal, securing a 23% rental uplift, 5% annual escalations 

and a 3-year lease term.

Ums- Net ROFIT LEAPS 43% TO S$14 MILLION ON A 20% RISE IN REVENUE OF S$69.4 MILLION

 Ums- Net ROFIT LEAPS 43% TO  S$14 MILLION ON A 20% RISE IN REVENUE OF S$69.4 MILLION. Interim dividend of 1 cents. I think good sets of financial numbers! Will the price react positively tomorrow! Pls dyodd. 

The Group’s bottom line surged in the first quarter of 2026 despite a dip in its 

gross material margin from 56% in 1QFY2025 to 53% in 1QFY2026, caused 

mainly by the lower USD/SGD exchange rate during the period under review.

The Group's net attributable profit leapt 43% to S$14.0 million from S$9.8 

million in 1QFY2025. Net profit also climbed 40% to S$14.2 million from S$10.1 

million while pre-tax profit advanced 38% to S$15.7 million from S$11.4 million 

during the same period. 

Higher sales and a foreign exchange gain of S$1.5 million (vs a loss of over 

S$1.05 million in 1QFY2025) helped lift the Group’s profitability in the first 

quarter of the year. The foreign exchange gain was partially offset by lower 

gains on disposal of fixed assets of S$0.6 million. The Group reversed a charge 

of S$0.4 million to a gain of S$1.7 million in the current quarter.

The Group took steps to control overall expenses. While personnel costs and 

depreciation increased, the Group’s other expenses edged up just 3% in the 

first quarter of the year. Except for professional fees, freight charges and 

insurance, all other costs stayed flat or declined. 

Compared to 1QFY2025, personnel costs rose 6% mainly due to higher bonus 

provisions. Depreciation expenses rose 17% as the Group added more 

production equipment.

Healthy Cashflow

The Group's financial position remains healthy with net cash of S$26.0 million 

as at the end of March 2026.

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

 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 - FY results will be out on 21 May. Not sure will there be any increase in Final dividend. If dont have, then price may go lower

Nice breakout this morning at 4.90, looks rather bullish likely to rise higher towards 5.06. Pls dyodd. 

SingTel  - FY results will be out on 21 May. Not sure will there be any increase in Final dividend.  If dont have, then I think price may go lower.

Chart wise,  she had managed to bounce-off from 4.46 and closed higher at 4.69, looks like The Bull is in control! Will she be able to rise higher to reclaim 4.73 which is 20 days SMA and continue to rise further towards 4.89/4.90. Pls dyodd. 

She is heading down to test 4.40 level. 

Friday again,  she closed lower at 4.81. Will she be able to bounce-off from the current price! If cannot,  then we may see her falling down further towards 4.65, 4.5 than 4.40. Pls dyodd. 

 SingTel  - Last Friday closed at 4.88, down 8 cents from 4.96. Looks rather weak and she may continue to go down to test 4.80 and below! Pls dyodd. 

 Today fund are offloading,  likely to see further weakness!

She may go down to cover the Gapped at 4.80 and 4.77 (200 days MA). If unable to hold,  she may go further downward to test 4.45. Pls dyodd. 

25 March 2026:

Yesterday closed at 4.92, looks like buying opportunities is back! Pls dyodd. 

Last Friday closed at 5.21 but was short-lived! May be Big Boys pushing it higher to offload! Now trading at 4.97-4.98. She may go down to test 4.80 and below! 

 She had managed to bounce-off from 100 Days Moving Average at about 4.55 and is now trading at 4.53 ,looks rather interesting! The rebound might be attributed to SingTel being listed as top portfolio counter under the newly UOBAM Ping AN FTSE Asean Dividend index.  

I think price may rise up further towards 4.62. Pls dyodd.

7 Jan 2026:

SingTel  - She is falling down! What Goes Up High Will come Down at a faster speed!

Yearly dividend is about 17 cents.

At 4.43, yield is about 3.83%. The yield seem to be on a low side.

I think can wait for yield to go back to 5% at about 3.40 price level. 

Chart wise, bearish mode!

She may go down to test 4.20 than 4.00 and 3.80.

Pls dyodd.