Mapletree Ind Tr - 1st quarter results is out. GROSS revenue is up 0.3 percent to 175.8m vs 175.2. NPI is up 0.8 percent to 133m vs 132m, DPU is down 1.5 percent to 3.27 vs 3.32 cents last year. I think the results is not bad. Much better than my DPU expectations of 3.2 cents.
XD 4th August. Paydate 8th September 2025.
Occupancy rate is stable at 91.4% vs 91.6% last year.
Gearing is down from 40% to 37%. Very healthy Gearing level.
Pls dyodd.
CapLand IntCom Tr (C38U.SI) - Went to Raffles City to makan, nice foods plus nice view!
Order the set meals plus Alacart to try.
Nice yummy mushrooms soup, nice pasta with soft and tendering beefs.
The pasta texture is very chewy and nice. The sauce is good.
The salads with bacon and fish topping is not bad!
The pizza that come with Curry Puff shape is awesome! Very nice and tasty! Inside stuff with melting cheese, lots of mushrooms and a big chunk of hams. Nom nom!
The Tiramisu cake is fantastic!
Chart wise, CapLand IntCom Tr may rise up to test 2.25 again. A nice breakout with ease we may see her rising up further towards 2.30.
Pls dyodd.
6th August 2025:
Indeed, she has retreated from 1.64vand went down to touch 1.50 and bounce-off to trade at 1.55, looks rather interesting!
She may rise up to retest 1.60 tyan 1.64.
Pls dyodd.
27th July 2025:
ComfortDelGro - the last few days transacted price is very gd and price has shoot up from 1.50 to close well at 1.64, looks like Big Boys are playing!
Short term wise, I think we may likely see a pullback from the current price level! After this break, it may rise up to re-attempt 1.64 and a nice breakout with ease we may see her rising up further towards 1.80 and above.
1st Half year results will be out in mid August, expecting them to declare a higher interim dividend. Last year interim dividend was 3.52 cents.
Estimate 3.8-4 cents interim dividend.
Pls dyodd.
23rd July 2025:
ComfortDelGro - Yesterday, spotted some buying interest and pushed up the price to close 2 cents higher at 1.47 , looks rather bullish likely to continue to trend higher towards 1.50!
The volume still not quite high enough to indicate Big Boys have yet to accumulate enough! I think price may continue to climb higher towards the first Half results in August cum interim dividend!
Beyond 1.50, she may rise up to retest 1.55 and above.
Pls dyodd.
After the released of the results, as expected, price Gapped from 7.42 and rally all the way up to 9+. Looks rather overly extended!
As reflected on the chart, the same scenario may repeat itself! Pls dyodd.
24th July 2025:
iFAST Corp: 1H2025 Net Profit Rises 34.7% YoY to S$41.15
million, with 2H2025 Set to Outperform; 2Q2025 Dividend
Up 33% YoY and FY2025 Dividend Expected to Rise at Least
35% YoY
• In 2Q2025, the Group’s net profit increased by 37.9% YoY to S$22.11 million, on the back of a 28.3%
YoY increase in the Group’s gross revenue to S$120.24 million. The increase in 2Q2025 profitability
was driven by growth in the Hong Kong ePension business, a turnaround of iFAST Global Bank
(“Bank”) and continuing growth in the Group’s core wealth management platform business.
• For the Group’s core wealth management platform business, Group AUA increased 21.6% YoY to a
new record high of S$27.20 billion. Group net inflows were at a record S$1.29 billion in 2Q2025.
• The Hong Kong business saw a 33.4% YoY growth in gross revenue to S$45.60 million in 2Q2025.
The increase in revenue reflected the growth of the ePension business and the wealth management
business in Hong Kong. Profit before tax for the overall Hong Kong business saw a 17.8% YoY
increase to S$15.7 million in 2Q2025.
• Following the initial quarter of profitability in 4Q2024, iFAST Global Bank continues its profitable
growth path. It achieved a net profit of S$0.70 million in 2Q2025, compared to a loss of S$1.56 million
in the previous year. Customer deposits at the Bank grew 124.2% YoY to S$1.45 billion at the end of
2Q2025.
• The Group’s Return on Equity (ROE) in 1H2025 was at a healthy 24.6%. A healthy ROE allows the
Group to be able to pursue robust long-term growth strategies while being able to raise dividend
payouts.
• For the second interim dividend for FY2025, the Directors proposed a dividend of 2.00 cents per
ordinary share (+33.3% YoY) and for FY2025, the Directors expect to propose a total dividend of 8.00
cents per ordinary share or higher (at least +35.6% YoY increase).
XD 6th August.
Another sets of stellar results!
Monday price may gap up!
Pls dyodd.
8th August 2025:
Let go some units at 2.24. Locked in some profit first!
The price seem stuck in a consolidation mode patterns!
It might be the fear of RTS link rail to be ready by end of 2026.
The Johor Bahru-Singapore Rapid Transit System (RTS) Link is a cross-border rail project connecting Johor Bahru, Malaysia, and Woodlands, Singapore. It's a 4km-long, twin-track system aiming to alleviate congestion on the Causeway.
Many people are worrying the same situation may play out like in Hong Kong and the train service to China.
Lets see how it turns out when the RTS is in service!
Pls dyodd.
Resilient retail performance supported by increased tenant
sales and footfall
Acquisition of Northpoint City South Wing further
strengthened the portfolio, offering organic growth through
potential asset enhancement initiatives and cost savings over
time
Successfully completed equity fund raising of $421.3
million; Issued $200 million of perpetual securities at a
competitive pricing of 3.98%
Cost of debt reduced to 3.7% in 3Q25 underpinned by healthy financial metrics!
Occupancy rate 99.9%.
Gearing is a little bit high at 42.8%. If including perpetual is about 4.04%.
ICR 3.39x slightly improved.
Positive outlook for Singapore suburban retail mall!
I think stable revenue and dpu payout.
AEI at Hougang Mall seem progessing well. Targeting 7% ROI for 54m Capex.
So far, received 74% pre-commitment.
Pls dyodd.
7th August 2025:
Today she is up 3 cents to 1.23 , looks like Big Boys are playing!
She may rise up to test 1.32.
Pls dyodd.
24th July 2025:
Suntec Reit - 2nd quarter results is out. Gross revenue is up 3.3 percent to 234m, NPI is up 5.9 percent to 159m. DPU is up 4 percent to 1.592 cents , looks like results is not bad!
Gearing has came down to 41%.
ICR slightly improved to 2x.
XD 31st July.
Overall I think it has shown some improvement.
At least we can see total Revenue, NPI and DPU is up.
Pls dyodd.
