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Thursday, July 25, 2024

Ifast - 2nd quarter results is out! Net profit surge 346.1 percent to 16.03m. AUM surging to a new record high of 22.37b. Expects to see a Robust growth rates in profitability and revenue for 2024 versus 2023! Do take note!

 Ifast - 2nd quarter results is out! Net profit surge 346.1 percent to 16.03m. AUM surging to a new record high of 22.37b.



 Expects to see a Robust growth rates in profitability and revenue for 2024 versus 2023! Do take note! 



Declared interim dividend of 1.5 cents slightly higher than 1.1 cents for last financial period! 

XD 6th August.  PAY date 21st August. 

Net profit after tax for 1st Half was 30.54m versus 28.27m last year. 



Frencken - She is dropping down very fast! Looks like she may go down to test 1.25. If unable to hold we may see her heading down to 1.10 level! Pls dyodd.

 Frencken  - She is dropping down very fast! Looks like she may go down to test 1.25. 



If unable to hold we may see her heading down to 1.10 level! 

Pls dyodd. 

Quote: Maybank Securities, RHB Bank Singapore and UOB Kay Hian Research have all maintained their “buy” calls on Frencken Group E28 0.00% following the company’s strong 1QFY2024 ended March results.

While Maybank and UOBKH have both kept their target prices of $1.77 and $1.74 unchanged, RHB analyst, Alife Yeo has raised his target price $1.81 from $1.80 previously.

In his May 16 report, Yeo writes that Frencken’s 1QFY2024 revenue and earnings had met his expectations, and he believes the company will continue to strengthen its revenue due to it being a “beneficiary of the anticipated semiconductor recovery” going forward. ( theedgesingapore.com) 

Wednesday, July 24, 2024

Venture Corporation - She is looking great to re-attempt 15.05! A nice breakout smoothly would certainly see her rising up further towards 16.00 and above! Pls dyodd.

 Venture Corporation  - She is looking great to re-attempt 15.05!



 A nice breakout smoothly would certainly see her rising up further towards 16.00 and above! Pls dyodd. 


 Venture  - I am waiting for her to conquer 15.05 and raises up towards 16.00!



 1st Half results is on 6th Aug, interim dividend of 25 cents is coming! Awesome! 

16th July Update:

 Venture  - She is gaining strength and likely rise up to test 15.25 and 16.00.

Next, we will see her testing 16.50 when she has managed to cross over 16.00 smoothly!

 FIRST Half results will be out on 6th August,  interim dividend of 25 cents is coming,nice! 

Pls dyodd. 



Pls dyodd.


  Venture Corporation  - She has a Nice breakout yesterday at 14.75 and closed well at 14.80, this is rather bullish!



 Likely to continue to trend higher to test 15.25 than 16.00 and 16.50! Fantastic! 




Pls dyodd.  


 Venture  - She will need a nice breakout of 14.35 smoothly in order to rise further up to revisit 14.74. 



A nice breakout of 14.75 with ease would likely see her crossing over 15.00 resistance! Pls dyodd. 

First Half results will be out on 6th August 2024, interim dividend of 25 cents is coming! If the results is showing improvement in Gross Revenue and Net profit  I think price may rise higher! Do take note! 



 Venture  - She is consolidating! Likely to rise up to test 14.10 than 14.28.



A nice breakout of 14.28 plus good volume we may see her rising up towards 14.74. 

Pls dyodd.


  Venture  - Awesome! After went XD, she has manged to recover to cover the dividend amount of 50 cents,  looks like Bull is in control! 


Pls dyodd.

Fund are coming in to scoop up the share! 

https://links.sgx.com/1.0.0/corporate-announcements/HDHJH8P55C9PHOMU/0d41bfdaf054e81bfd99fba1bca87f8bbbab9bbdd42880a48d90c5cbc5fd7cc2



Pls dyodd. 


1ST QUARTER NET profit of S$60.1m  Versus 73.6 million last year.



Meanwhile, its Q1 revenue stood at S$666.7 million, 18.9 per cent lower than the S$821.7 million.


Cash on hands of 1.19b.

Zero debts. 

Business outlook:

The company is targeting for revenue to improve on a sequential basis from 1st quarter to 2nd quarter.  And expected revenue to be much higher in 2nd Half of 2024 versus 1st Half of 2024. 

XD 50 cents on 7th May 2024. 

Pay date 21st May 2024. 


Income Insurance - Pre-conditional voluntary cash offered of 40.58 from Allianz Europe B.V.

  Income Insurance  - Pre-conditional voluntary cash offered of 40.58 from Allianz Europe B.V. 

Shareholders may read up the clarification letter to have a clearer understanding of this offering condition:




Quote: minority shareholders of Income who accept the Allianz offer will be given priority to tender their share and receive $40.58 per share.

Shareholders are not required to take any action now as the offer is subject to regulatory approval.

When launched,  the offer will be open for acceptance for a stipulated period, Income said, adding that the closing of the offer is expected to be in the fourth quarter of 2024 or in the first quarter of 2025.( straitstimes.com). 


Income Insurance AGM - Attending the AGM at Suntec Convention center on 17th May 2024.  To approve dividend plus special dividend etc.





We can sell the share on Poem platform.

Initial share price was $10.

Now is worth may be $20-$21.60.

Snack box plus plain water provided.

No voucher. 



Huge crowds.

Just coming here to see how the management handled the shareholders.

Gross Revenue of 4.9b.

Assets of 4.2b.

Net loss for Y2022 - 88m.

Net profit for Y2023 was 144m.

Overall PATMI is 60.4m.

NAV is about 29.30.

No dividend payout policy. Management says , it depends on the financial performance than decide how much ro payout foe dividend.  No number provided for EPS. 

Industry leaders in Motor and Travel insurance. 



MLT : Mapletree Logistics Tr - 1st quarter results is out! Gross Revenue is down marginally to 181.6m versus 182m . NPI is down 0.9 percent to 156m. Distribution income is down 7.4 percent to 103m versus 111m , borrowing costs increased 9.4 percent to 38.5m due to higher borrowing costs! DPU is down 8.9 percent to 2.068 cents versus 2.27 cents

 MLT : Mapletree Logistics Tr - 1st quarter results is out! Gross Revenue is down marginally to 181.6m versus 182m . 




NPI is down 0.9 percent to 156m. Distribution income is down 7.4 percent to 103m versus 111m , borrowing costs increased 9.4 percent to 38.5m due to higher borrowing costs! DPU is down 8.9 percent to 2.068 cents versus 2.27 cents



 Mapletree Log Tr  - First Quarter results will be out today - 24th July after Trading hours. I think  dpu likely lower as China side may see a lower revenue !

 Estimating DPU of 2.18 cents! Occupancy rate is 95.7% versus 96% last year! Gearing is 39.6%. 

The overall average rental reversion including China was 2.6%.

Pls dyodd.  






Lai ah, AGM is on 17th July 2024 at 2.30pm.1st quarter results will be out in 24th July , dividend is coming, awesome! She had a nice rebound yesterday, need a follow through to reverse this downtrend.



She may likely rise up ti test 1.40-1.42 level. A nice breakout smoothly may see her rising up further towards 1.50 - 1.51.

Pls dyodd.


  Mapletree Log Tr  - Today Pay day for dividend of 2.218 cents crediting to the bank account plus scrip share issued for those who opted to receive in share!



 AGM is on 17th July 2024 at Mapletree Business City Town at 2.30PM.

Chart wise, it looks like 1.29-1.30 is a good pivot point of support! 



Yield is about 6.74% at 1.32. NAV 1.37. Gearing belowv40%. I think good yield level to slowly accumulate for my mid holding! Pls dyodd. 


Mapletree Log Tr  - I think boat is back! Trading at 1.30 yield is a whopping 6.82 percent which is a very good yield level to consider! 




NAV 1.37, Gearing below 40 percent. Pls dyodd. 


  Mapletree Log Tr  - 4th quarter results is out! Gross Revenue is up 1.2 percent to 181m, NPI is up 0.6 percent to 155m, DPU is down 2.5 percent to 2.211 cents marginally due to enlarged no of unit base, rental reversion increased 2.9 percent,  gearing 38.9 percent which is quite healthy! I think the results is quite resilient! Pls dyodd. 





Occupancy rate 96%.

XD 2.211 cents on 7th May 

Pay date 26th June.

Fixed loan rate of 84%.

Do take note. 





FCT : Frasers Cpt Tr - 3rd quarter results update is out! All nos seem about the same as last year! Occupancy 99.7 percent, Sales revenue slightly higher, gearing is 39.1% versus 38.5% , ICR 3.26x. No total gross revenue and earnings provided!

 FCT : Frasers Cpt Tr  - 3rd quarter results update is out! All nos seem about the same as last year! Occupancy 99.7 percent,  Sales revenue slightly higher, gearing is 39.1% versus 38.5% , ICR 3.26x. 

Retail sales and Retail rent is up slightly! 


No total gross revenue and earnings provided! 

Tampines 1 AEI update:





AEI to complete by September 2024. Project ROI 8%. 

Mall achieve 100% occupancy.  

At 2.19, yield is about 5.49%.

Seem quite a nice Yield level.