Wilmar International Limited - F34

 Indeed,  she has come down to cover the Gap at 3.59. Looks rather interesting!

I think high probability we may see a rebound!

At 3.59, yield is about 4.73%. I think yield is quite decent! To get 5% yield, we will need to wait for 3.40 to come back! 

Please dyodd.

 Wah, looks like she is falling down to test 3.75 level soon! 

If 3.75 cannot hold, next , she might be going down to fill the Gap at 3.59.

Please dyodd.

 Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange.

At the core of Wilmar’s strategy is an integrated agribusiness model that encompasses the entire value chain of the agricultural commodity business, from cultivation and milling of palm oil and sugarcane, to processing, branding and distribution of a wide range of edible food products in consumer, medium and bulk packaging, animal feeds and industrial agri-products such as oleochemicals and biodiesel. It has over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries and regions. Through scale, integration and the logistical advantages of its business model, Wilmar is able to extract margins at every step of the value chain, thereby reaping operational synergies and cost efficiencies. 

Supported by a multinational workforce of about 100,000 people, Wilmar embraces sustainability in its global operations, supply chain and communities. 

An Expanding Global Footprint:

From its humble beginnings, Wilmar has today become a global leader in processing and merchandising of edible oils, oilseed crushing, sugar merchandising, milling and refining, production of oleochemicals, specialty fats, palm biodiesel, flour milling, rice milling and consumer pack oils:

• Largest edible oils refiner, specialty fats and oleochemicals manufacturer as well as leading oilseed crusher, producer of consumer pack oils, flour and rice and one of the largest flour and rice millers in China
• One of the largest oil palm plantation owners and the largest palm oil refiner and palm kernel and copra crusher, specialty fats, oleochemicals and biodiesel manufacturer in Indonesia and Malaysia
• Largest producer of branded consumer pack oils in Indonesia
• Largest branded consumer pack oils, specialty fats and oleochemicals producer and edible oils refiner as well as leading oilseed crusher, sugar miller, refiner and ethanol producer in India
• One of the largest investors in oil palm plantations, one of the largest edible oils refiners and producers of consumer pack oils, soaps and detergents as well as third largest sugar producer in Africa
• Largest raw sugar producer and refiner, a leading merchandiser of consumer brands in sugar and sweetener market and largest manufacturer of bread, spreads and sauces in Australia
• Leading refiner of tropical oils in Europe.

First quarter 2023 Financial No. update :

The Group reported net profit of US$391.4 million and core net profit of US$381.9 million for the quarter, with stronger sales volume recorded in both Food Products and Feed & Industrial Products segments. Excluding the gain on dilution of interest in Adani Wilmar Limited of US$175.6 million recognised in 1Q2022, the Group reported a growth in net profit of 10.3%, while core net profit grew by 16.5% during the quarter. 

Despite the challenging operating conditions, the Group managed to deliver a satisfactory set of results for 1Q2023. Higher volume of sales was achieved across all businesses. Sugar milling and merchandising did well with higher sugar prices. Oilseed crushing did better due to higher volume and good coverage of raw materials. Food Products segment saw an overall increase in volume of sales, largely due to higher medium pack and bulk products sales, particularly in China. Plantation profit was reasonable even though palm oil prices came down significantly from the peak. Shipping performed well but palm oil refining margin was poor. 

Cash Flow & Balance Sheet The stable performance for the quarter led the Group to generate higher operating cash flows before working capital changes of US$756.1 million. With the decline in commodity prices and seasonal reduction in overall inventory balance during the quarter, working capital requirements for the Group decreased accordingly, leading to lower net debt of US$17.27 billion as of 31 March 2023 (31 December 2022: US$18.75 billion). Consequently, net gearing ratio for the Group improved to 0.84x as of March 2023 (FY2022: 0.94x). This led to the Group generating strong cash inflow from operating activities of US$2.17 billion in 1Q2023. At the end of the reporting period, the Group had unutilised banking facilities amounting to US$26.32 billion. 

Outlook Results for the quarter ended 31 March 2023 were satisfactory, despite the uncertain macro-economic outlook at the start of the year. With our diversified and integrated business strategies, we are cautiously optimistic that performance for the rest of the year will remain satisfactory. 

The company paid out Final dividend of 11 cents + interim dividend of 6 cents, total 17 cents for FY 2022. The current share price is $3.97, yield is about 4.28% of which I think is quite a decent yield!

Chart wise, bearish mode!

She may likely continue to trend lower!

Short term wise, I think likely to go down to test 3.90.

Breaking down of 3.90 plus high volume that may likely see her falling down further towards 3.75 then 3.46 level.

Please dyodd.

DBS Bank

 

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.

STI Index

The Straits Times Index (STI) is a market capitalisation weighted index that tracks the performance of the top 30 companies.

The 30 companies are as follows:

Venture Corporation Limited , DBS Group Holdings Ltd , CapitaLand Ascendas REIT, ComfortDelGro Corporation Limited , 

Mapletree Industrial Trust, CapitaLand Investment Limited, Oversea-Chinese Banking Corporation Limited,

CapitaLand Integrated Commercial Trust, Singapore Telecommunications Limited, UOL Group Limited,

Singapore Technologies Engineering Ltd, Frasers Logistics & Commercial Trust, Seatrium Limited, 

City Developments Limited, Thai Beverage Public Company Limited, Emperador Inc., 

Yangzijiang Shipbuilding (Holdings) Ltd, DFI Retail Group Holdings Limited, Genting Singapore Limited,

SATS Ltd., Keppel Corporation Limited, United Overseas Bank, UOL Group, Singapore AirLines,

Jarding and Cycle Carriage Ltd, Jardine Matheson Hldgs Ltd, Sembcorp Industries,

Mapletree Logistics Trust, Mapletree PanAsia Comm Trust. 

Chart wise, bearish mode!

I think likely to go down to test 3155 level. 

If 3155 cannot hold the be prepared to see her testing next support at 3123 follow-by 3094.

Not a call to buy or sell!

Please dyodd.

DBS Group

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.

CapitaLand Integrated Comm Trust

 She has managed to bounced off from the low 0f 1.89 and close at 1.94 looks like bull is in control!

If she is able to cross over 1.95 smoothly,  next, she will be rising up to test 2.00.

Yield is about 5.5% .

Pls dyodd.

I have added a bit at 1.91 as it has managed to bounced off from 1.89.

At 1.91, yield is about 5.55% of which I think is quite a gd yield for this giant retail cum grade A office reit.

Not a call to buy or sell!

Pls dyodd. 

CapitaLand Integrated Commercial Trust (CICT or the Trust) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$13.5 billion as at 31 December 2022. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust (CCT).

Looking at the FY 2022 results the NPI is up 9.7% and achieved an increased of DPU from 10.40 to 10.58 cents. It looks like the rental income is improving!

The First Quarter 2023 update is as follow:

The NPI is up 11.3% to 276.3m and occupancy rate % has improved from 95.8 to 96.2.

The gearing is slightly from 40.90 to 40.40%.

The Average WALE is 3.7 years.

The Top 10 tenants are RC Hotels (Pte) Ltd, WeWork Singapore, GIC Private Limited, NTUC Enterprise Co-Operative Ltd & Temasek Holdings etc.

Total Property value is about 24.2 billion of which is the Biggest reit counter listed on the Local Singapore Exchange.

NAV is about 2.116.

Yearly dividend of about 10.58, Yield is about 5.6%(based on current price of 1.89).

I think gd pivot entry point is back!

Please dyodd.

SSB - Aug 2023( Singapore Saving Bond)

 This month average 2.99% interest for 10 years duration  is not bad! 

Application Start from 3rd July to 26th July 

I have been redeeming the old batch from 2018 and 2019 and re-apply for higher interest %. 

This is the best option/flexibility for SSB.

 Results is out for July SSB. All fully alloted!

Is under subscription for the total issurance of 600m.

 Singapore Saving Bond - one of the best option to park your cash to earn a higher interest that spread across 10 years.

This month bond offering start from 1st June 6pm onwards to 26 June 2023 9pm.

10 years average interest rate is 2.82%. Is quite good! 

SBJUL23 GX23070H in your CDP statement
Interest payment will be reflected as CDP-SBJUL23 in your bank statement
GX23070H in your SRS statement.

A safe and flexible way to save for the long term

The monthly issuance size of the Singapore Savings Bond (SSB) programme is S$600 million for this month. For more details, refer to the media release.

 Interest rate is Based on the table rate reflected on the website.
At the end of each year, on a compounded basis.

http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

Application may apply through: DBS/POSB, OCBC and UOB ATMs and Internet Banking and SRS. CPF funds are not eligible.

Invest amount : You can invest a minimum of $500, and in multiples of $500. The total amount of Savings Bonds held across all issues cannot be more than $200,000.

Interest Payment dates : Upcoming payment: 01 Jan 2024
Subsequent payments (until maturity): Every 6 months on 01 Jul and 01 Jan

Each Savings Bond has a term of 10 years and pays interest every 6 months. Savings Bonds cannot be traded like conventional bonds or shares. Interest income is exempt from tax. Only individuals above 18 years old can apply.

 Savings Bonds are fully backed by the Singapore Government. And because the bonds can always be redeemed for the full amount invested, investors are protected against capital losses when interest rates change. This makes them one of the safest possible investments for individuals to hold.

Save up to 10 years, and earn interest that “steps up” or increases over time. Hold your Savings Bond for the full 10 years and receive an average interest per year that matches the return from 10-year Singapore Government Securities yields, which has generally been between 2%-3%.

Flexible : 
 Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start.

Just received my interest this month, awesome!