DBS - 4th quarter results is out! Net profit is up 2 percent to 2.39b , interim dividend increase to 54 cents from 48 cents last quarter! Bonus share issue of 1:10! Awesome!

DBS 4th quarter results is out! Net profit grew 2% to 2.39b. A 9% growth in Total Income to 5.01b from higher interest income and non- interest income resulted in a 7% increase before allowance to 2.8b. 

The board propose higher quarter dividend of 0.54 cents versus 0.48 cents last quarter.  Annual dividend of 2.16.

The board also propose a bonus share issue of 1 : 10. Ten existing share will be alloted 1 extra share . 

The TERP price is about 28.81.

So, foe every 1000 share, shareholders can get extra 100 share.

500 share can get 50 share.

I think great sets of financial nos.

XD 5th April. 

Pay date 19th April. 

Pls dyodd. 

Paragon REIT -2nd Half results is out!Dpu is of 2.6 cents I think is not bad! Gearing 30 percents, occupancy rate 98.1 percents. Gross revenue is up 3 percents to 145m, NPI is up 3.3 percent to 109m.

 Paragon REIT  -2nd Half results is out!Dpu is of 2.6 cents I think is not bad! Gearing 30 percents, occupancy rate 98.1 percents. Gross revenue is up 3 percents to 145m, NPI is up 3.3 percent to 109m.

XD 13th February. 

Pay date  22nd March. 

At 84 cents,  yield is about 5.9%. 

NAV 91 cents.

Pls dyodd. 

STI - Today across the board most of tge counters being sold down! As if , we are in the crisis! I think market overly reacted that Fed may not cut rate till May/June due to inflation hasnt really reached 2 percents and US economy is still positively growing!

STI - Today across the board most of the

counters being sold down! As if , we are in the crisis! I think market overly reacted that Fed may not cut rate till May/June due to inflation hasnt really reached 2 percents and US economy is still positively growing! 

STI broken down the support at 3140 turned resistance! Immediate support is at 3100. Next support is at 3060.

Pls dyodd.

 

Dbs Bank - Gapped down this morning before results announcement on 7th February doesnt look good! Do take note!

 Dbs Bank - Gapped down this morning before results announcement on 7th February doesnt look good! Do take note!

short term wise,  likely to go down to test 31.60. Breaking down of 31.60 with high volume we may see her revisiting 31.00 again. 

Pls dyodd. 

DBS - She is showing sign of loosing momentum! Likely to go down to test 31.98 and below! Results is due on 7th February 2024.

Breaking down of 31.98 she may go lower to revisit 31.00.

Pls dyodd.

  Chart wise, neutral mode! 

You can see many overheads resistance ahead! I think the upwards movement is limited but downside is huge! 

NAV 21.85. P/B 1.5x is above the average historical price.

If you are looking to consider this counter at the current price level,  do take note! 

Pls dyodd.

 21 December 2023( Update) : DBS Bank - Chart wise,  bearish mode! I think needs patience to wait for the price patterns to stabilize and reverse before taking action to consider this counter due to nice quarterly dividend of 48 cents. While there is No guarantee that the dividend will stay at the current payout amount as it may get adjusted depending on the company earnings! Dont take for granted! Cautious mode! 

High probability she may go down to test 31.00 again! Breaking down of this level plus high volume we may likely see her drifting lower towards 30.30 than 30.00 and extension to 29 and below.

Pls dyodd.

TA wise, bearish mode!

The upwards potential is limited at 32.00 (20 days moving average) or 32.80 ( 50 days moving average).

The downside is greater if the recent low of 31.01 has been broken down and we may see her slidling down further towards 30.30 than 30.00 with extensin to 28.00.

Pls dyodd.

She is trading below 31.49 support turn resistance doesn't look good!

Likely to breakdown 31.00 and go down to 30.50 Than 30.30. 

Pls dyodd. 

Cautious mode!

She has broken down the recent low of 31.49 seem rather Negative and this bearish trend may continue to go further down to test 30.50 than 30.30/30.00.

Pls dyodd.

High probability she may test 31.49 again! Breaking down plus high volume we may see her going further down to test 30.86 than 30.30.

Pls dyodd.  

Chart wise bearish mode!

I think is good to monitor and see if see is going down to retest 31.49.

Breaking down 31.49 plus high volume would be rather Negative and we may see her going further down to test 30.86 and below.

Pls dyodd.

 Low can Go Lower!

Cheap can become even cheaper!

 I Think Don't depend too much on the dividend which might not be guaranteed!

Rate cut might be happening next year!

Chart wise, bearish mode!

High chance it may go down to test 30.86 than 30.30 and 29.90.

Pls dyodd.

Chart wise,  bearish mode!

If 32.87 cannot hold,  then we may see her going further down to test 32.00 than 31.98 with extension to 30.30.

Pls dyodd.

 I think price is holding up well and may retest 34.55 due to dividend of 0.48.

Please dyodd.

Impressive set of financial numbers for 2nd quarter 2023.

DBS - She is showing sign of loosing momentum! Likely to go down to test 31.98 and below! Results is due on 7th February 2024.

Breaking down of 31.98 we may see her drifting lower towards 31.00.

Pls dyodd.

Net profit increase 48% to a record earnings of 2.69b as total net income crosses 5b.

Declared interim dividend of 0 48. Versus 0.42 last quarter. Awesome. 

XD 11 August.  Pay date 24 August.

EPS increase 4.02% from 2.80 to 4.15.

NAV also increase 21% from 20.78 to 21.85.

Fantastic! I think price may gap up !

Hopefully,  it may stay above 34.00 with this stellar sets of financial results!

Please dyodd.

Genting Sing - Chart wise, bullish mode! Likely to reclaim 1.03 and rises higher towards 1.14 and above! Likely declare higher Final dividend of 2.5 cents !Do take note!

 Genting Sing  - Chart wise, bullish mode! Likely to reclaim 1.03 and rises higher towards 1.14 and above! Likely declare higher Final dividend of 2.5 cents !Do take note! 

Breaking out of 1.14 she may likely test 1.20.

Today went to Sentosa RWS for lunch and can see many tourist and traffic crowd patronizing RWS. I think businesses is good! 

Pls dyodd.

For over 30 years, Genting Singapore and its subsidiaries (the “Group”) have been at the forefront of gaming and integrated resort development in Australia, the Bahamas, Malaysia, the Philippines, Singapore and the United Kingdom. Today, we are best known for our award-winning flagship project, Resorts World™ Sentosa in Singapore, which is one of the largest fully integrated destination resorts in South East Asia. 

Genting Singapore is ranked among Singapore’s largest public-listed companies. Genting Singapore is a constituent stock of the FTSE Straits Times Index.

Today, more than 70% of Genting Singapore and its subsidiaries' team members are Singaporeans and Permanent Residents. There is great diversity in the company too, with more than 40 nationalities represented.

Our management team is very experienced and boasts a wide variety of skill sets.

Diverse skills set:

• Large-scale Project Development
• Casino Management and Marketing
• Theme Park Operations
• Marine Life Park Operations
• Animal Health and Research
• Marine Life Conservation and Education
• Hotel Management and Operations
• Spa Management and Operations
• Food and Beverage
• MICE and Events Management
• Marketing and Sales Excellence
• 
  
  Genting Sing  - Chart wise,  bullish mode! High probability she may reclaim 1.03 and rises higher towards 1.09-1.10 level. Results is due on 22nd February! Do take note! 
  

Frasers Cpt Tr - She has managed to reclaim 2.30 level after Ex.dividend on 1st February and is now trading at 2.33, this is rather positive! Likely to see her rising up further towards 2.38!

  

Frasers Cpt Tr  - She has managed to reclaim 2.30 level after Ex.dividend on 1st February and is now trading at 2.33, this is rather positive! Likely to see her rising up further towards 2.38! 

Private placement price of 2.18.

Advance DPU of 4.25 cents,  XD 1st February. 

FCT - She has managed to reclaim 2.30 and trading at 2.31 to 2.32 is rather bullish! Likely to continue to trend higher! 

Pls dyodd.

 *Frasers Cpt Trust*

— Strong operating performance: Retail Portfolio committed occupancy' at 99.9%, up 1.5%-pt y-o-y and up 0.2%-pt q-0-q

— Aggregate leverage 37.2% as at 31 Dec 2023, down from 39.3% as at 30 Se 23

— 1Q24 all-in cost of borrowing at 4.3% (4Q23: 4.1%)

Chart wise,  let's see if she can rise up to reclaim 2.30 level in order to continue this uptrend direction!

Pls dyodd.

Full Year results is out! 

Gross Revenue is up 1.8% to 184m.

NPI is up 1.1% to 129m.

DPU is down marginally 1.2% to 6.02 cents versus 6.09 cents last year! 

Gearing is 39.3%.

Gearing is expected to go down to 36.1% upon completion of divestment of Changi City Point.  

The Average costs of borrowing is 3.8% Slightly higher than last year 3.7%.

Occupancy is 99%.

Please dyodd.

Wah, she is having a nice rebound today up 6 cents to 2.15  looks rather encouraging! 

The volume isn't that high!

Let's monitor and see if it will continue to trend higher towards 2.20 and above!

Results is due on 25th October. 

Pls dyodd.

The selling down has been too drastic!

At 2.06, yield is 5.92% for this retail reit counter that is fundamentally sound of which I think golden opportunity is here!

Chart wise, it may well go down to revisit 2.00.

next support is at 1.89-1.90.

Not a call to buy or sell!

Please dyodd.

 Divestment of the Changi Mall at 338M , Citi Analyst upgrade to buy with a price target of 2.51, Awesome!

Quote :

Citi Research analyst Brandon Lee has upgraded his call on FCT to “buy” given its improved gearing to 37.1%, making the REIT the lowest-geared retail Singapore REIT (S-REIT) among the REITs within his coverage.

FCT’s move will also give it sufficient debt headroom to make potential acquisitions that are accretive to its distribution per unit (DPU), Lee adds.

The recovery of retail revenue after Covid-19 is also another plus for FCT in the analyst’s book.

With all that in mind, Lee has increased his target price to $2.51 from $2.30. His new target price has an implied P/B of 1.08x in-line with FCT’s five-year pre-Covid-19 mean of 1.09x.

Chart wise,  bullish mode!

A nice breakout of 2.26 smoothly plus good volume that may likely drive the price higher towards 2.30 than 2.35 and above!

NAV 2.32. Yearly Dividend is about 12.2 cents. Yield is about 5.44% at 2.24. I think gd price level to monitor. 

Please dyodd.