Ifast - After the released of the results, as expected, price Gapped from 7.42 and rally all the way up to 9+

 As mentioned earlier,  she has run up too much and too fast, the price simply cannot sustain and finally gave way and falling down to 8.90. I think is better to let the dust settle down first! 

When the price has reached to an overpriced level anything can happen! 

Pls dyodd. 

3rd August 2025:

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. 

CapLand India Tr - Hosey! Monday she is going to cross over 1.20 and run away towards 1.29

Hosey! Monday she is going to cross over 1.20 and run away towards 1.29.

XD 8th September for 3.97 cents dividend still quite another 2 weeks to go!

Pls dyodd. 

2nd August 2025:

She is bouncing off from 1.13 and is now trading at 1.17-118 , looks rather interesting!

Re-entered small units at 1.14. Can see 2nd round of profit.

Ifvthe bullish momentum prevail she may cross 1.20 and rises higher towards 1.30.

Pls dyodd.

13th August 2025:

Yesterday, price was down 4 cents to 1.15. Luckily, I have locked in profit at 1.19. The price may go down to test 1.13 than 1.09. May be opportunity might come back!

They have just reported their 1st Half Results of which dPU was up 9% to 3.97 cents. But good results didn't see price reacted positively might be due to Fed signaling a not so rosy picture about rate cut for September.

XD 8th September. Paydate 18th September.

The XD date is still more than 1 month to go. Let's see how the price fluctuate going forward into August!

Quote: The Federal Reserve said on Friday that Governor Adriana Kugler was resigning from the central bank effective Aug. 8.

Ocbc Bank - 1st Half Results is out. Dividend is down to 41 cents vs 44 cents last year. Net profit of S$3.70 billion for the first half of 2025 (“1H25”), 6% below the record S$3.93 billion in the previous year

She is falling down!

Quickly run for the nearest exit door! 

She is going down to test 15.90!

If 15.90 cannot hold, she may go down to revisit 15.00 and below!

Pls dyodd.

 1st August 2025:

OCBC Group First Half 2025 Net Profit at S$3.70 billion

Interim dividend of 41 cents declared

Singapore, 1 August 2025 – Oversea-Chinese Banking Corporation Limited (“OCBC”) reported net profit 

of S$3.70 billion for the first half of 2025 (“1H25”), 6% below the record S$3.93 billion in the previous year 

(“1H24”).

OCBC’s total income was little changed, as a decline in net interest income from the peak level a year ago 

was mostly compensated by robust fee and trading income growth. Cost-to-income ratio was maintained 

below 40%, and higher credit allowances were set aside in view of the current uncertain operating 

environment. Asset quality remained benign with non-performing loan ratio at 0.9%, while allowance 

coverage for total non-performing assets stood at 156%. The Group maintained its solid financial position, 

and an interim ordinary dividend of 41 cents was declared, representing a payout ratio of 50% of 1H25 

Group net profit. The Group remains committed to the previously announced S$2.5 billion capital return 

which includes a special dividend amounting to 10% of our FY25 Group net profit and share buybacks over 

two years, to be completed in 2026. Together with OCBC’s target 50% ordinary dividend payout ratio, this 

represents a total dividend payout ratio of 60% for FY25.

H25 Year-on-Year Performance

Group net profit was S$3.70 billion, 6% lower than S$3.93 billion a year ago.

➢ Amid a softening interest rate environment, net interest income fell 5% to S$4.63 billion, as a 

compression in net interest margin (“NIM”) more than offset an 8% rise in average asset volume. 

Average asset growth was driven by an increase in loans and other interest-earning high-quality assets 

which were lower yielding. NIM declined by 25 basis points to 1.98%, as the drop in asset yields 

outpaced the decrease in funding costs.

➢ Non-interest income grew 8% to S$2.57 billion, buoyed by a rise in fee and trading income.

• Net fee income of S$1.13 billion was 19% higher from broad-based growth, underpinned by 

increased customer activities. In particular, wealth management fees which made up nearly half 

of net fee income, surged by 25%, with growth across all wealth product channels. 

• Net trading income was S$771 million, 6% above the previous year. Customer flow treasury 

income was up 10%, driven by both wealth and corporate segments, with higher treasury sales 

across the Group’s key markets.

• Insurance income from Great Eastern Holdings (“GEH”) declined by 9% to S$532 million, largely 

attributable to the mark-to-market impact of decline in interest rates on the valuation of insurance 

contract liabilities, as well as lower valuation of private equity holdings, from its insurance funds. 

New business embedded value (“NBEV”) increased by 16% to S$317 million and NBEV margin 

rose to 44.7% from 28.0% a year ago, driven by improved insurance product mix.

➢ The Group’s wealth management income, comprising income from private banking, premier private 

client, premier banking, insurance, asset management and stockbroking, increased 4% to S$2.66 

billion. Group wealth management income accounted for 37% of total income, higher than 35% in 1H24.

Our Banking wealth management AUM expanded by 11% to an all-time high of S$310 billion, driven 

by both net new money inflows and positive market valuation.

➢ Operating expenses were S$2.80 billion, up 3% from the previous year. Staff costs were 4% higher, 

attributable to annual salary increments and increased variable compensation linked to higher business 

activities. Technology-related expenses were up as the Group continued to invest in common platforms

and upgrade its capabilities across markets. Cost-to-income ratio was 38.9% for 1H25, compared to 

37.5% for 1H24.

➢ Total allowances rose by 4% to S$326 million, mainly due to an increase in allowances for non-

impaired assets. 

➢ Share of results of associates was S$537 million, up 8% from S$498 million a year ago.

➢ The Group’s annualised return on equity was 12.6%, lower than 14.5% in the preceding year, while 

annualised earnings per share was S$1.64, 6% below 1H24.

CapLand India Tr 1st Half Results is out. NPI is up 14 percent to INR9.6 billion DPU is up 9 percent to 3.97 cents. Nice sets of financial numbers

  - CapitaLand India Trust (CLINT) announced a 9% year-on-year

(y-o-y) increase in distribution per unit (DPU) to 3.97 Singapore cents for the six months ended 

30 June 2025 (1H FY 2025). 1H FY 2025 net property income (NPI) increased by 14% y-o-y in 

Indian Rupee (INR) terms and 10% in Singapore Dollar (SGD) terms due to higher property 

income, partially offset by higher operating expenses during the period.

Income available for distribution for the same period grew by 15% y-o-y in INR terms and 10% in 

SGD terms, mainly due to higher NPI, partially offset by higher net finance costs and Trustee-

Manager fees.

Mr Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust 

Management Pte. Ltd. (the Trustee-Manager of CLINT), said: “CLINT’s strong first half results

were underpinned by income contributions from newly completed developments, and supported 

by positive rental reversions and high occupancy rates. This reflects the strength and resilience 

of our portfolio across key cities in India.” 

“Revenue contribution from one of our data centres is set to commence in the second half of 2025 

and development of the data centres is progressing well. We are actively engaging potential 

buyers to divest some of our assets, including partial stakes in our data centres to unlock value 

and reduce debt. These potential divestments are part of our active portfolio management 

strategy, which will increase our financial flexibility to pursue higher-yielding assets and deliver 

sustainable returns for unitholders.”

Financial performance

Total property income for 1H FY 2025 increased by 14% y-o-y to INR9.6 billion, mainly driven by 

higher rental income from existing properties compared to the same period last year.

The increase also reflects new income contributions from two newly completed and fully leased 

developments - MTB 6 at International Tech Park Bangalore and CyberVale Free Trade 

Warehousing Zone in Chennai, which commenced operations in 1H 2025. Additional 

contributions came from aVance II in Pune and Building Q2 in Mumbai, which were acquired in 

March 2024 and July 2024 respectively.

Portfolio performance and capital management

As at 30 June 2025, CLINT achieved a committed portfolio occupancy of 90% and registered

positive portfolio rental reversions of 9%.

CLINT’s gearing stood at 42.3% as at 30 June 2025. On 2 July 2025, S$100 million of 4.40% 

subordinated perpetual securities were issued, the proceeds of which were used for debt 

repayment. With this, the pro forma gearing ratio has reduced to 40.1%. Of CLINT’s total 

borrowings, 77.2% are on fixed interest rates, and 54.2% are hedged into INR. The Trust 

maintains a debt headroom of approximately S$692 million.

CapLand China Tr - 1st Half Results is out. CLCT posts 1H 2025 net property income of RMB580.3 million Upgrades underway at three retail malls to transform former anchor supermarket spaces into higher-yielding.DPU is down 17.3 percent to 2.59 cents if including the assets going to divest to CLCR. If excluding will be 2.49 cents.

She is rising up to retest 80 cents!

Taking cue September will likely see Fed cutting interest rates of 0.25%.

Not a call to buy or sell!

Pls dyodd.

30th July 2025:

CLCT posts 1H 2025 net property income of RMB580.3 million

Upgrades underway at three retail malls to transform former anchor 

supermarket spaces into higher-yielding concepts 

Singapore, 30 July 2025 – CapitaLand China Trust (CLCT) reported a net property income 

(NPI) of RMB580.3 million for the six months ended 30 June 2025 (

CLCT posts 1H 2025 net property income of RMB580.3 million

Upgrades underway at three retail malls to transform former anchor 

supermarket spaces into higher-yielding1H 2025). NPI was 

impacted by lower gross revenue, partially mitigated by a 2.5% year-on-year (y-o-y) reduction 

in operating expenses across CLCT’s overall portfolio.

The decrease in gross revenue was attributed to lower contributions from the retail portfolio, 

largely due to ongoing supermarket upgrades at three retail malls, and lower occupancy at the 

business parks portfolio. This was partially offset by stronger performance from the logistics 

parks portfolio, which recorded a 2.0% y-o-y increase.

CLCT’s 1H 2025 Distribution Per Unit (DPU) was 2.49 Singapore cents. The lower DPU 

resulted from a decline in NPI and the weakening of the Renminbi (RMB) against the 

Singapore Dollar (SGD), which was partially offset by savings in finance costs. Including 

distributions from CapitaMall Yuhuating, which were retained

in view of its divestment to 

CapitaLand Commercial C-REIT (CLCR) as a seed asset, the DPU would have been 2.59 

Singapore cents.

XD 6th August.  Paydate 24th September. 

CLCT’s 1H 2025 Distribution Per Unit (DPU) was 2.49 Singapore cents. The lower DPU 

resulted from a decline in NPI and the weakening of the Renminbi (RMB) against the 

Singapore Dollar (SGD), which was partially offset by savings in finance costs. Including 

distributions from CapitaMall Yuhuating, which were retained1

in view of its divestment to 

CapitaLand Commercial C-REIT (CLCR) as a seed asset, the DPU would have been 2.59 

Singapore cents.

On 29 July 2025, CLCT obtained Unitholders’ approval for the divestment of CapitaMall 

Yuhuating to CLCR for no less than the minimum floor price of RMB748 million (approximately

S$134.9 million) and CLCT’s subscription for a 5% strategic stake in CLCR. With Unitholders’ 

approval received, CLCT, together with its sponsor CapitaLand Investment and CapitaLand 

Development, who are joint strategic investors in CLCR, will proceed to seek the local 

authorities’ approval for the listing of CLCR targeted around 3Q/4Q 2025. CLCT’s receipt of 

the gross proceeds from the divestment is subject to and shall take place after the completion 

of the CLCR offering.

Mr Gerry Chan, CEO of CLCTML, the manager of CLCT, said: “Despite ongoing economic 

headwinds in China, our portfolio continues to demonstrate resilience. Our retail occupancy 

remained high at 96.9% in 1H 2025, while we increased the occupancy of our business parks 

and logistics portfolio by proactively attracting tenants in key sectors aligned with China’s priorities, we are well-positioned to capture policy-driven opportunities as China pursues 

high-quality growth.” 

“We remain focused on seizing opportunities in China’s domestic market, including our 

strategic participation in the C-REIT, which offers new capital recycling pathways and 

attractive growth potential. The divestment of CapitaMall Yuhuating will unlock value from a 

mature retail asset, enhance our financial flexibility and strengthen our balance sheet. 

Through CLCT’s strategic stake in CLCR, we will continue to enhance long-term, sustainable 

returns for our Unitholders.”

“As part of our disciplined capital management, we have leveraged the easing interest rates 

in China to increase our RMB-denominated debt. The RMB share of total debt rose from 27% 

in 1H 2024 to 41% in 1H 2025, and we remain on track to meet our 50% target by end 2025. 

This strengthens our natural hedging position, mitigates foreign exchange fluctuations and 

optimises funding costs,” added Mr Chan.

technology ambitions. In 2025, we are prioritising the repositioning of our retail malls with 

unique and customer-centric offerings to address changing shopper preferences. By 

focusing our business parks and logistics parks on sectors aligned with the government’s

CapLand China EGM - They handed out egg, tomatoes, Veggies sandwiches, tea plus coffee. Not bad. The sandwiches seem huge

 CapLand China EGM - They handed out egg, tomatoes , vegetable sandwiches,  tea plus coffee. Not bad. The sandwiches seem huge! Taste quite nice! 

The bread is soft!

Here are the pictures to share!

The coffee is quite nice.

The board of directors.  All of a certain age. Mr. Tan Tee How. CEO Jerry. Both wearing spectacles. Sitting in the middle 

CLCT to divest capitamall Yuhuating unlock the value of a mature assets , which improves CLCT financial flexibility. To invest 5% in CLCR. 

The divestment is about $135m .$20.7m for the 5% purchase of CLCR + $107m for ops usage or pared down debts.

Dpu accretive of 0.4%.

Shareholders seem positive with the investment in CLCR. 

China market seem improving for Retail malls assets class real estate. 

1st Half Results will be out tomorrow morning,  30th July 2025 cum dividend payout.