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Saturday, July 29, 2023

Best World - (CGN.SI) Is it the Best time to buy?

 Founded in 1990, Best World International 

is a Singapore headquartered company specialising in the development and distribution of premium skin care, personal care, beauty, health and wellness brands.



Best World dedicates itself to the scientific research and development of innovative solutions, manufacture and distribution of quality brands of products, through diversified channels, and constantly enhancing the customer experience with our products and services.





Since inception, Best World has grown in strides to become a key regional player in the industry, having subsidiaries, joint venture and associate companies in 12 markets, with customers from 40 markets in Asia, Oceania, Middle East, North America and Europe.



Vision

To be a leading global skin care, nutritional and personal care solutions provider, focused on making a difference to the lives of beauty and health enthusiasts from all over the world.

Mission

The Preferred Choice for Consumers

To meet the everyday beauty and health needs of our customers with quality products and services, achieved through continuous innovations, created under our high quality and safety standards.



Chart wise, bearish mode!

Is it the Best Time to Buy?

I would monitor and wait for the selling to stabilize first and some reversal indication before taking any action!

Short term wise,  I think it may go down to test the support at 1.60 and 1.56. Breaking down of 1.56 plus high volume she may likely go further down to test 1.43 and 1.35.

Not a call to buy or sell!

Please dyodd.


Friday, July 28, 2023

SingTel - nice uptrend mode, likely to trst 2.74 , don't miss out!

Indeed, she has managed to conquer 2.62 and closed well at 2.66 looks rather positive!



I think high probability she may rise up to trst 2.70 than 2.74 and 2.80.

XD 2nd Aug 5.3 + 2.5 cents dividend. 

Please dyodd.

  Today closed well at 2.62 plus managed to clear the resistance at 2.61 this is rather bullish!

Short term wise,  she is rising up to test 2.70.



 Indeed, she has managed to reclaim 2.58 and closed higher at 2.60 , looks rather positive!



I think, short term wise, she is likely rising up to test 2.61. A nice breakout of 2.61 plus good volume we may see her rising up towards 2.70 than 2.80.

Please dyodd.


Special dividend of 2.5 cents will be paid out on 17th August,  swee! Xd 2nd August.

https://links.sgx.com/1.0.0/corporate-announcements/LIRD90E9O5A39T0P/e96c9dc4c37f0569a65bf50cc5b26476afffc05d07462b97a446d720b9c8f70f

Indeed, she has managed to rise up to test 2.57 /2.58 and is now taking a breather!



I think likely to continue to rise up to reclaim 2.58 than 2.61! 

A nice breakout of 2.61 smoothly we may likely see her rising up further towards 2.73.

Not a call to buy or sell!

Please dyodd.


TA wise, bullish mode!

Likely to rise up to test 2.57 then 2.61!



A nice breakout of 2.61 smoothly may likely see her rising up to test 2.70 then 2.80.

Please dyodd.

 Chart wise,  she has managed to bounced off from the low of 2.43 to close at 2.52 looks rather positive!



Short term wise,  I think likely to rise up to test 2.61! A nice breakout smoothly may likely drive the price further towards 2.70 level!

XD 2nd Aug . Final dividend of 5.3 cents . The special dividend of 2.5 cents Hopefully it may get payout together with the final dividend!

We will know after the AGM.

Please dyodd.


Singapore Telecommunications (Singtel) is a telecommunications group offering a wide range of services such as mobile, data and internet services, as well as info-communications technology and pay-television.

Full Year results at a glance :

Earnings were up 14% to $2.23 billion, compared to $1.95 billion a year ago. This was due to the strong performance of its core businesses, underpinned by robust mobile growth and price increases.





Thursday, July 27, 2023

DBS - Touch 34.00 this morning,Awesome!

May he high chance for an increase in dividend for the coming quarter results on 3rd August!

It would be nice if dividend increase to 50 cents . 

UOB has increased the interim dividend payout from 0.60 to 0.85.

So I  think high chance. 

Please dyodd.

 


 Finally,  she has manged to conquer 33.00 and is trading at 31.10 likely to continue to trend higher!

Next, she is rising up to reclaim 33.28 than 33.75 and 33.93/34.00.

Please dyodd.


TA wise, bullish mode!

I think high probability she will rise up to reclaim the recent high of 32.82.

A nice breakout smoothly we may likely seing her testing 33.00 than 33.28 with extension to 33.75-33.93.

Please dyodd.


  Indeed, she has managed to rise up to covered the Gap at about 32.82 and is now taking a breather which is quite normal!



I think likely to rise up to revisit 32.82!

A nice breakout smoothly plus good volume that may likely drive the price higher towards 33.28 than 33.93.

Results will be out on 3rd August! Dividend is coming. 

Please dyodd.


Today - 17 July it closed well at 32.47 looks like this strong momentum may continue to rise up to test 32.68 than 33.28. Huat ah!

Pls dyodd. 

Indeed,  she has managed to cross over 31.95 and continue to rises up to test 32.30 , looks rather positive!



High probability she may rise up to test 32.68 then 33.00 to 33.28 .

Please dyodd.

 Chart wise,  bullish mode!

Likely to retest 31.95 price level. 



A nice breakout smoothly plus high volume we may likely see her rising up to test 33.00 than 33.28.

Results will be out on 3rd August 2023 before trading commence. 

Please dyodd.


 

Bank of America Increases Dividend By 9% After Fed Stress Test

One of the biggest Bank in USA is raising their dividend, will local bank like DBS, UOB and OCBC follow them!

I think many has been anticipating local bank should be able to distribute more for dividend payout as most of them are paying out less than 50% of their net income! 

Bank of America raises its dividend from 0.22 to 0.24 per quarter. 



Why DBS Corporate Banking​

At DBS, we help clients to realise their full potential and be future-ready. Leveraging our regional connectivity, industry expertise and digital capabilities, we work with corporates to develop customised solutions to help them meet their short-term priorities and long-term strategic goals.​

Backed by AA- and Aa1 credit ratings, we offer a full range of corporate and institutional banking products and services in the markets we operate.​

Chart wise,  bearish mode!

She is still stucked in a consolidation mode price patterns!





If it can rise up to reclaim 32 then 33.36 level in order to reverse this downtrend.

Yearly dividend of 1.68. Yield is 5.37%. Nice dividend yield.

Not a call to buy or sell!

Please dyodd.




Our promise to you: Live more, Bank Less

When we celebrated our 50th anniversary in 2018, we said that we wanted to help you “Live More, Bank Less”. Because at DBS, we believe that banking should be simple and effortless, so that you can spend more time with the people and things that you care about.

This promise is still something that we hold on to, even amidst a different world — one that has changed irretrievably in the wake of a global pandemic. Through good and tough times, we want to be the constant that helps you live more, live better, and bank a little less.

Defying the status quo, while staying true to our purpose

So we set out to innovate and serve you better by defying the status quo — breaking boundaries, reimagining banking, refusing to be bounded by conventional notions of what a bank should be.  

We started our digital transformation journey back in 2014 and was never one to shy away from emerging technologies. We believe that by inculcating a startup culture in the organisation, a spirt of innovation and entrepreneurship will flourish. And it has indeed, spawned many products and solutions that are now seamlessly woven into our customers’ everyday lives.

We have also been championing stakeholder capitalism way before it was fashionable. From banking the underserved communities, supporting social enterprises to prioritising action on climate change, we have always been guided by our responsibility towards society and the planet. After all, we were borne of a sense of purpose since our inception as the Development Bank of Singapore more than 50 years ago.

To be a bank for the times, we have to be a different kind of bank

With Covid-19 upending economies and societies, now more than ever, we must anticipate and lead change. Here at DBS, we are always pushing boundaries, thinking and acting less like a traditional bank, but more like a startup, more like a business partner, more like a friend. We like to think of ourselves as a tech company offering financial services. We believe that is how we become a bank for the times — for a different kind of world calls for a different kind of bank.

So here we are, World’s Best Bank, five years and counting. And we’ve no intention of ever stopping — for you, for our community, and for the world.


Pls dyodd.



IFAST - A wide extended candlestick reflected on the chart

 It seems like some Big Boys is pushing up the price to cash out! 



Usually,  with such an extended candlestick would likely retrace.  

I think the PE is more than 100x, so, please do your own analysis!

I can see many overheads resistance ahead! Good luck!

Please dyodd.

 Chart wise, bullish mode!




Looks like she is trying to reverse this downtrend mode!

She has managed to clear the resistance at 4.60 and closed well at 4.64, looks rather positive!

Short term wise, I think likely to retest 4.80 then 5.00 and 5.10 level.

NAV 0.77.

Yearly dividend of about 4.8 cents.

Yield is about 1%

Please dyodd.

iFAST Corporation Ltd ("iFAST Corporation") is a Singapore-headquartered company and was listed on the Singapore Exchange Mainboard in December 2014. The iFAST group of companies is also present in Malaysia, Hong Kong and China. We provide investment solutions to financial advisers, financial institutions, insurance companies, pension fund managers, retail and accredited investors, and multi-national companies. Leveraging on technology and services, we help our clients to manage investments in one place - efficiently, securely and online.

In 2007, iFAST Corporation expanded into Hong Kong and bought over its main competitor, the ING I-WRAP platform. In 2008, iFAST entered the Malaysia market. In 2009, the iFAST Global Prestige (iGP) platform for high net worth investors and wealth advisers was launched in Singapore, and subsequently in Hong Kong in 2010.

Corporate Shareholders

One of iFAST Corporation's shareholders is SPH AsiaOne Ltd. SPH AsiaOne Ltd is the Internet arm of Singapore Press Holdings, Singapore's largest media group.

Licences

The iFAST group of companies hold the following licences in the markets they operate:

  • iFAST Financial Pte Ltd (Singapore) holds the Capital Market Services Licence and Financial Adviser Licence in Singapore, and is also a CPFIS-registered Investment Administrator;
  • iFAST Financial (Hong Kong) Ltd holds the SFC Type 1 and Type 4 Licence for dealing and providing investment advice respectively;
  • iFAST Capital Sdn Bhd (Malaysia) holds the Capital Market Services License, and is an FIMM-registered Institutional Unit; and

ParkwayLife Reit - Lock in profit

 Exit for kopi money at 3.89 during closing. Is never wrong to lock in profit! 

Pls dyodd.





 Gross Revenue increase 23.6% to 74.4m, swee!

Net Property Income increased 25% to 70m.

Dpu increase 3.3% to 7.29 cents.

Gearing 35.5%.

I think is a gd sets of financial results! 

XD 2nd August.  Pay date 30th August.


 Yesterday it looks like some buying activities is back to support this beaten down healthcare reit judging from the high volume reflected on the chart. It has manged to bounce off from 3.66 to close well at 3.75 looks rather interesting!



I think is good to wait for market confirmation to see if it can reclaim 3.82 in order to find out if this was a throw-back reaction!

Please dyodd.

She has been sold down 13 cents to close at 3.67, doesn't look good!



The selling down volume is huge! I think is good to let it settle down before making any action!

At 3.67, yield is about 3.95% which is not bad for this healthcare reit counter!

results will be out on 26th July cum dividend. 

Please dyodd.

Parkway Life REIT ("PLife REIT") is one of Asia's largest listed healthcare REITs. It invests in income-producing real estate and real estate-related assets used primarily for healthcare and healthcare-related purposes. As at 31 March 2023, PLife REIT's total portfolio size stands at 61 properties totalling approximately S$2.20 billion.




Mission

To deliver regular and stable distributions and achieve long-term growth for our Unitholders.

Our Growth Strategy

PLife REIT is firmly guided by its principle of staying prudent and focused in its growth strategy, focusing on:

As at 31 March 2023, PLife REIT has successfully expanded its total portfolio to 61 properties, including hospitals and medical centres in Singapore, Malaysia and 57 healthcare-related assets in Japan, worth approximately S$2.20 billion1.

Targeted Investment

As PLife REIT continues to be on the lookout for high-quality, yield-accretive acquisition opportunities in the region, it remains discerning and prudent in its approach of acquiring assets that are not only value -generating, but also preserve the long-term defensiveness of the overall portfolio.


Proactive Asset Management




Through proactive asset management, PLife REIT constantly strives to maximise portfolio performance in order to enhance the revenue-generating ability of its properties and ensure sustainable earnings for its Unitholders.

As part of PLife REIT’s initiative to drive organic growth and foster good Landlord-Lessee relationships, it seeks to work closely with its Lessees to understand their operational requirements and embark on Asset Enhancement Initiatives (“AEIs”) which are tailored to suit the needs of its healthcare operators and end users of the properties. Such strategic collaborative arrangements serve to benefit all parties and promote greater revenue sustainability for PLife REIT.

PLife REIT has, leveraging on its clustering/ partnering approach and good landlord-lessee relationships, successfully expanded its nursing home portfolio and completed 14 AEIs in Japan since its maiden entry in 2008 and one at its Malaysia property (Gleneagles Intan Medical Centre Kuala Lumpur).

Moving forward, PLife REIT remains committed to exploring and rolling out more of such AEIs across its entire portfolio to extract the greatest value from its properties. To further strengthen PLife REIT's earnings resiliency, it is also focused on consolidation efforts for its Japan portfolio to optimise operating synergies and achieve greater cost savings.

Capital and Financial Management

PLife REIT aims to maintain a strong financial position through prudent and dynamic capital and financial management, to ensure continuous access to funding at optimal cost, maintain stable distributions to Unitholders and achieve a steady net asset value.

As at 31 March 2023, PLife REIT's gearing was 37.5% which complied with the stipulated Aggregate Leverage limit1. The interest coverage ratio stood at 15.6 times2.

Dynamic liability and liquidity risk management

PLife REIT adopts a dynamic and pro-active approach for its liability and liquidity risk management. Our key liability and funding management strategies in support of our regional growth aspirations are:

1) To achieve diversified funding sources at an optimal cost
Diversify our funding sources from a panel of high quality banks, establishing and maintaining our Debt Issuance Programme and other financing sources to attain varied liability tenure, with the end objective of maintaining the most optimal financing cost mix.

2) To enhance the defensiveness of PLife REIT's Balance Sheet strength
Dynamically manage our debt maturity profile to ensure well-spread debt maturities and at the same time, to maintain an optimal capital structure.

Tactical approaches adopted in view of the above strategies are:

a) Conscientious effort in lengthening and spreading out the debt maturity period;
b) Cultivating and maintaining a panel of key banks to support our long term growth;
c) Establishing alternative source of fund. In this respect, PLife REIT, through its wholly-owned subsidiary, Parkway Life MTN Pte Ltd (the “MTN Issuer”), put in place a S$500 million Multicurrency Debt Issuance Programme to provide PLife REIT with the flexibility to tap various types of capital market products including issuance of perpetual securities when needed. On 6 December 2022, the Group issued a 6-year JPY5.0 billion and a maiden 7-year JPY6.04 billion fixed rate notes to pre-emptively refinance existing fixed rate notes due in 2023 and term out the JPY short-term loans drawn down for acquisition financing. As at 31 March 2023, there were five series of outstanding unsecured fixed rate




notes amounted to JPY19.84 billion3 (approximately S$202.6 million) issued under the Debt Issuance Programme, which diversified PLife REIT’s funding sources.
d) Minimising near-term refinancing risk through pre-emptive terming out current debts. With the new notes issuance, PLife REIT has effectively managed its debt maturity profile with no immediate long-term debt refinancing needs until February 2024.

Financial risk management

PLife REIT adopts prudent financial risk management to manage the exposure to interest rate risk and foreign currency risk. Our policy is to hedge at least 50% (up to 100%) of all financial risks.

Interest rate risk is managed on an ongoing basis with the primary objective of limiting the extent to which net interest expenses could be affected by adverse movements in interest rates, by hedging the long term committed borrowings through the use of interest rate hedging financial instruments. For the foreign exchange ("Forex") risk management, we strive to hedge Forex risk on principal which will allow PLife REIT to maintain a stable net asset value, as the Forex fluctuation on foreign asset will offset the Forex fluctuation of the hedging instrument. We also aim to hedge the Forex risk on net overseas income which will provide PLife REIT with stability in distributable income, as PLife REIT will be shielded from exchange rate fluctuation on foreign income.

As at 31 March 2023, the Group has put in place Japanese Yen forward exchange contracts till 1Q 2027 and about 78% of interest rate exposure is hedged.

Chart wise,  bullish 

 

Parkway Life REIT ("PLife REIT") is one of Asia's largest listed healthcare REITs. It invests in income-producing real estate and real estate-related assets used primarily for healthcare and healthcare-related purposes. As at 31 March 2023, PLife REIT's total portfolio size stands at 61 properties totalling approximately S$2.20 billion.

Mission

To deliver regular and stable distributions and achieve long-term growth for our Unitholders.

Our Growth Strategy

PLife REIT is firmly guided by its principle of staying prudent and focused in its growth strategy, focusing on:

As at 31 March 2023, PLife REIT has successfully expanded its total portfolio to 61 properties, including hospitals and medical centres in Singapore, Malaysia and 57 healthcare-related assets in Japan, worth approximately S$2.20 billion1.

Targeted Investment

As PLife REIT continues to be on the lookout for high-quality, yield-accretive acquisition opportunities in the region, it remains discerning and prudent in its approach of acquiring assets that are not only value -generating, but also preserve the long-term defensiveness of the overall portfolio.


Proactive Asset Management

Through proactive asset management, PLife REIT constantly strives to maximise portfolio performance in order to enhance the revenue-generating ability of its properties and ensure sustainable earnings for its Unitholders.

As part of PLife REIT’s initiative to drive organic growth and foster good Landlord-Lessee relationships, it seeks to work closely with its Lessees to understand their operational requirements and embark on Asset Enhancement Initiatives (“AEIs”) which are tailored to suit the needs of its healthcare operators and end users of the properties. Such strategic collaborative arrangements serve to benefit all parties and promote greater revenue sustainability for PLife REIT.

PLife REIT has, leveraging on its clustering/ partnering approach and good landlord-lessee relationships, successfully expanded its nursing home portfolio and completed 14 AEIs in Japan since its maiden entry in 2008 and one at its Malaysia property (Gleneagles Intan Medical Centre Kuala Lumpur).

Moving forward, PLife REIT remains committed to exploring and rolling out more of such AEIs across its entire portfolio to extract the greatest value from its properties. To further strengthen PLife REIT's earnings resiliency, it is also focused on consolidation efforts for its Japan portfolio to optimise operating synergies and achieve greater cost savings.

Capital and Financial Management

PLife REIT aims to maintain a strong financial position through prudent and dynamic capital and financial management, to ensure continuous access to funding at optimal cost, maintain stable distributions to Unitholders and achieve a steady net asset value.

As at 31 March 2023, PLife REIT's gearing was 37.5% which complied with the stipulated Aggregate Leverage limit1. The interest coverage ratio stood at 15.6 times2.

Dynamic liability and liquidity risk management

PLife REIT adopts a dynamic and pro-active approach for its liability and liquidity risk management. Our key liability and funding management strategies in support of our regional growth aspirations are:

1) To achieve diversified funding sources at an optimal cost
Diversify our funding sources from a panel of high quality banks, establishing and maintaining our Debt Issuance Programme and other financing sources to attain varied liability tenure, with the end objective of maintaining the most optimal financing cost mix.

2) To enhance the defensiveness of PLife REIT's Balance Sheet strength
Dynamically manage our debt maturity profile to ensure well-spread debt maturities and at the same time, to maintain an optimal capital structure.

Tactical approaches adopted in view of the above strategies are:

a) Conscientious effort in lengthening and spreading out the debt maturity period;
b) Cultivating and maintaining a panel of key banks to support our long term growth;
c) Establishing alternative source of fund. In this respect, PLife REIT, through its wholly-owned subsidiary, Parkway Life MTN Pte Ltd (the “MTN Issuer”), put in place a S$500 million Multicurrency Debt Issuance Programme to provide PLife REIT with the flexibility to tap various types of capital market products including issuance of perpetual securities when needed. On 6 December 2022, the Group issued a 6-year JPY5.0 billion and a maiden 7-year JPY6.04 billion fixed rate notes to pre-emptively refinance existing fixed rate notes due in 2023 and term out the JPY short-term loans drawn down for acquisition financing. As at 31 March 2023, there were five series of outstanding unsecured fixed rate




notes amounted to JPY19.84 billion3 (approximately S$202.6 million) issued under the Debt Issuance Programme, which diversified PLife REIT’s funding sources.
d) Minimising near-term refinancing risk through pre-emptive terming out current debts. With the new notes issuance, PLife REIT has effectively managed its debt maturity profile with no immediate long-term debt refinancing needs until February 2024.

Financial risk management

PLife REIT adopts prudent financial risk management to manage the exposure to interest rate risk and foreign currency risk. Our policy is to hedge at least 50% (up to 100%) of all financial risks.

Interest rate risk is managed on an ongoing basis with the primary objective of limiting the extent to which net interest expenses could be affected by adverse movements in interest rates, by hedging the long term committed borrowings through the use of interest rate hedging financial instruments. For the foreign exchange ("Forex") risk management, we strive to hedge Forex risk on principal which will allow PLife REIT to maintain a stable net asset value, as the Forex fluctuation on foreign asset will offset the Forex fluctuation of the hedging instrument. We also aim to hedge the Forex risk on net overseas income which will provide PLife REIT with stability in distributable income, as PLife REIT will be shielded from exchange rate fluctuation on foreign income.

As at 31 March 2023, the Group has put in place Japanese Yen forward exchange contracts till 1Q 2027 and about 78% of interest rate exposure is hedged.

Chart wise,  bearish mode!



Looks like gd price is back!

With bullish pin bar appearing on the chart we may see a throw-back reaction from the current price level of 3.74.

NAV is about 2.33.

Yearly dividend is about 14.5cents.

Yield is about 3.87 % based on current price of 3.74

Not a call to buy or sell!

Please dyodd. 




Wednesday, July 26, 2023

Mapletree Ind Tr - results is out , dpu increase 1.8% to 3.39 cents

Hosey! It looks like the worst is over! Dpu is up 1.8% to 3.39 cents versus 3.33 cents last quarter.  


Gearing 38.2%.

Occupancy rate is 93.3%.


 



Chart wise,  she has managed to reclaim 2.25 and closed well at 2.28 looks rather bullish!

I think high probability she may rise up to test 2.30 than 2.35 with extension to 2.45.

Results will be out on 26th July, estimating dpu of about 3.33 cents. Yield is about 5.85% at 2.28.

Please dyodd.


 Wah, 2 nice green candlesticks appeared on the last for 2 days looks rather positive! 



She has managed to bounced off from 2.15 to close at 2.22 this is rather encouraging and might continue to rise up to test 2.25 than 2.30.

Please dyodd.

  

Mapletree Industrial Trust ("MIT") is a real estate investment trust listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. 



As at 31 March 2023, MIT's total assets under management was S$8.8 billion, which comprised 85 properties in Singapore and 56 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd). MIT's property portfolio includes Data Centres, Hi-Tech Buildings, Business Park Buildings, Flatted Factories, Stack-up/Ramp-up Buildings and Light Industrial Buildings.

MIT is managed by Mapletree Industrial Trust Management Ltd. and sponsored by Mapletree Investments Pte Ltd.



NAV is about 1.8653.

Yearly dividend of about 13.4 cents.

Yield is about 6% at 2.21.



Occupancy rate is 94.9%.

Gearing 37.4%.

The recent Private placement of 204.8m for the acquisition of data centre in Japan,Osaka. Looks like dpu is accretive! 

Looks like gd price is back!

Not a call to buy or sell!


Please dyodd.


The price has fallen below the recent Private placement price of  2.21, looks like a good pivot point!

Yield is about 6.11% based on current price of 2.18.

Immediate support is at 2.17.

Please dyodd.