TA wise, bullish mode!
This morning she has manged to cross over the resistance level at 12.50 plus good volume this is rather positive!
Short term wise, I think likely to rise up to test 13.00 than 13.30 with extension to 14.00 than 14.36.
Not a call to buy or sell!
Pls dyodd.
The recent 3rd quarter results is within expectations.
9 months Net Profit is down 25.2% to 203.3m.
Net cash on hands increase to 956.5m.
I think cash per share is more than 3.00.
She has managed to recover from the low of 3.34 and rises higher to touch 3.56 and taking a breather to close at 3.50. Looks like the Bull has managed to take control of the Bear. This is rather bullish!
Short term wise I think likely to rise up to retest 3.56-3.57. A nice breakout smoothly may drive the price higher towards 3.70 and beyond!
Pls dyodd.
I think the results is not bad!
Gross Revenue is up 24.6% to 110.89m and NPI is up 26.2% to 104.5m.
Dpu is up marginally 1.5% to 3.7 cents versus 3.645 cents last quarter.
Nine months dpu is up 2.8% to 10.99 cents versus 10.79 cents last year.
At 3.36, yield is about 4.36% estimating yearly dpu of 14.69 cents.
Not a call to buy or sell!
Pls 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.
To deliver regular and stable distributions and achieve long-term growth for our Unitholders.
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.
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.
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.
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.
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.
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.
To deliver regular and stable distributions and achieve long-term growth for our Unitholders.
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.
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.
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.
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.
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.
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.
Chart wise, she has managed to bounce-off from the low of 2.10 and closed higher at 2.19 looks rather positive!
At 2.19, yield is about 6.05% for this index reit counter looks rather attractive!
With rate paused for November this may help to support the price from falling further!
Gearing is below 40%.
NAV 1.88.
Not a call to buy or sell!
Please dyodd.
NetLink NBN Tr - 2nd quarter results is out! Gross Revenue is u0 2.9% to 205.3m. Net profit is down 3.1% to 52.88m. Interim dividend is up 1.1% to 2.65 cents .
I think results is almost flat.
Net gearing is 21.5%.
XD 16 Nov.
At 84 cents, yield is about 6.3%.
I think the results is not bad!
Please dyodd.
I think good price is here! Yield is of about 6.1% at 0.855. This is even much higher than Singapore Government Bond of 3.16%. THIS counter is like FD account which is consistently paying out dividend of 5.2 cents annually. I think opportunity is back!
Please dyodd.
NetLink NBN Trust - 1st quarter update is out, Net profit is up 2.1percent to 28.2m, total Revenue is up 6.2 percent to 103.9m.
Yearly dividendis about 5.24 cents. Yield is 6.1% at 0.86.
I think the resultsis stable and yield is good
Please dyodd.
NetLink NBN Trust (the "Trust") was established in 2017 primarily for the purpose of owning all of the units of NetLink Trust ("NLT"), through which NetLink NBN Trust owns the only nationwide fibre network supporting Singapore's Nationwide Broadband Network ("NBN").
NLT designs, builds, owns and operates the passive fibre network infrastructure of Singapore’s NBN. An initiative led by the Singapore government, the NBN aims to enhance the competitiveness of the economy through nationwide ultra-high-speed broadband access. By providing an open, wholesale access to our fibre network, telecommunication operators can focus on offering innovative products and services to consumers and businesses without incurring high fixed costs.
We offer primarily three types of end user connections:
(a) Residential
(b) Non-residential
(c) Non-Building Address Point (NBAP)
NetLink NBN Trust was listed on the Main Board of the Singapore Exchange Securities Trading Limited on 19 July 2017. It is a constituent of the FTSE ST Large & Mid Cap Index, FTSE ST Singapore Shariah Index and the MSCI Global Small Cap - Singapore Index.
The future of fibre is unlimited. With its capability to transmit an infinite amount of data at scalable speed, it is an ideal medium to support the unabated growth of the Internet of Things (IoT), 5G, cloud computing, autonomous driving, smart manufacturing, remote surgery and other digital applications.
NAV 0.675.
Yearly dividend of 5.2 cents.
Yield is 6%.
FY results for 2022.
Total Revenue increase 6.8% to 403m.
Final dividend of 2.62 cents is being declared!
Chart wise, it has corrected from 0.91 to close at 0.865 after ex.dividend seem like a gd entry pivot point!
Not a call to buy or sell!
Please dyodd
Frasers L&C Tr - 4th quarter results is out! Gross Revenue is down 0.8% to 212.8m. NpI is down 4% to 155.5m. DpU is down 6.6% to 3.52 cents, Financial costs is up 29.7% to 25m.
Gearing 30.2%. Fixed Loan rate of 77.2%.
Occupancy rate is 96%.
Rental reversion of +18%.
Full Year dpu is down 7.6% to 7.04 cents.
I think the weaker sets of Results is due to high financial costs and forex exchange loss.
Pls dyodd.
