HRNET Group - revenue increasing 3.4% to S$295.5 million and PATMI rising 29.2% to S$28.0 million, reflecting operational resilience. Interim dividend of 2 cents versus 1.87 last

(HRnetOne) has received the 2024 Shanghai Talent Scout Award (the 

Award) conferred by the Shanghai Municipal Human Resources and Social Security Bureau.

 The Group delivered steady results for 1H 2025, with revenue increasing 3.4% to S$295.5 million 

and PATMI rising 29.2% to S$28.0 million, reflecting operational resilience and financial discipline 

in a fluid macro environment.

An interim dividend of 2 cents per share, representing a 67% payout of 1H 2025 NPAT, has been 

declared for payment on 2 September 2025.

Business Segments

Flexible Staffing (FS)

Revenue increased by S$10.5m (4.1%) to S$265.8m, maintaining its share of Group revenue at 

89.9% and contribution to gross profit (GP) at 52.0%.

Contractor volume grew by 3.7% to 16,140, led by activity in Taipei, Jakarta, and Shanghai. GP 

per contractor declined 6.3%, resulting in a 2.8% reduction in FS GP to S$31.8m.

GP Margin eased to 12.0% (1H 2024: 12.8%), largely due to higher volume contributions from 

lower-margin international markets, and a dip in volumes from the relatively higher-margin 

Singapore FS business.

Outlook on Macro Risks

The outlook for 2H remains uncertain, with evolving trade dynamics potentially influencing client 

hiring plans:

 Singapore’s base tariff rate remains low at 10%, but global trade linkages may pose indirect 

risks.

 Taiwan’s effective tariff rate has eased to 20%, narrowing the gap with ASEAN.

 Mainland China continues to face 30% export and 10% US import tariffs, with transshipment 

routes under scrutiny.

ComfortDelGro - 1st Half Year Results is out. Revenue rose to S$2.4 billion, marking a 14.4% year-on-year growth, while PATMI climbed to S$106 million.Interim dividend increased to 3.91 cents vs 3.52 last year

 I think the results is gd! Tomorrow price likely rises higher towards 1.60 and above! 

COMFORTDELGRO POSTS STRONG 1H2025 RESULTS, REVENUE

INCREASES 14.4%, WITH 11.2% PATMI GROWTH

• Revenue rose to S$2.4 billion, marking a 14.4% year-on-year growth, while PATMI climbed to S$106

million, an 11.2% year-on-year improvement.

• Overseas revenue now accounts for over 50% of total revenue.

• Interim dividend of 3.91 cents per share declared, representing a payout ratio of 80%.

XD 20th Aug, paydate 28th August. 

The Group’s Public Transport segment saw a 29.6% increase in operating profit YoY, mainly due to its

London bus contract renewals at improved margins and the successful commencement of its four bus

franchises in Greater Manchester as part of the Bee Network.

Under its Taxi & Private Hire segment, the Group reported a 20.6% increase in operating profit compared to

1H2024. The Group saw full contribution from Addison Lee in the UK and A2B in Australia amidst increasing

competition in the Singapore market and continuing economic challenges in China.

Overseas revenue accounted for more than 50% of the Group’s total revenue for the first time. Overseas

operating profit grew approximately 67.8% YoY, largely attributed to the full contribution from its 2024

acquisitions of Addison Lee, CMAC, and A2B.

“The increase in overseas

earnings reflects our focus on pursuing profitable international growth. The international Public Transport

business continues to do well, underpinned by our ability to collaborate effectively with our clients to deliver

valued services to support their transport goals. We continue to drive greater operational efficiencies and

growth opportunities for our global taxi and private-hire network. In a time of uncertainty, we remain

committed to the disciplined execution of our strategy, including leveraging technologies such as artificial

intelligence and autonomous vehicles to build a future-ready ComfortDelGro.”

The Group is actively enhancing and developing its long-term capabilities to maintain competitiveness.

Wilmar - So fast, another fines from their China units

20 Nov 2025:

So fast, another fines from their China units! How much money can tge companies afford to keep paying for all these penalties! Another 264m.

26th September 2025:

Today, went down to test 2.78. Now trading at 2.86, looks like magic hands are working very hard! Is ok to skip or stay sideline till the dust is settled!

quote: court overturned acquittal!

2.60 may come back. Next, 2.00.

Pls dyodd. 

18th August 2025:

She may go down to test 2.80!

Pls dyodd.

13th August 2025:

 WILMAR 1H2025 PROFIT BEFORE TAX INCREASES 26% TO US$938 MILLION 

- 1H2025 net profit increased 3% to US$595 million while core net profit declined 

4% to US$584 million

- Stronger performance in Plantation & Sugar Milling and Food Products 

- Lower contributions from Feed & Industrial Products

- Generated US$1.80 billion net cash from operating activities, free cash flow of US$1.25 billion. 

Prodpects - remain stable. 

Our final results for 2025 will depend on the resolution of various issues relating to our 

operations in Indonesia by the Indonesian authorities. Barring unforeseen circumstances, 

we are cautiously optimistic that the performance of our core segments will be satisfactory. "

- Interim tax-exempt dividend of S$0.04 per share. 

The improvement was driven by stronger performances in the Plantation & Sugar Milling

and Food Products segments. Contributions from associates and joint ventures were also 

higher, more than doubling in 1H2025 compared to 1H2024. However, these 

improvements were partially offset by lower contributions from the Feed & Industrial 

Products segment.

Together with higher tax recognised in 1H2025, net profit increased 3% to US$594.9 

million (1H2024: US$579.6 million), while core net profit declined by 4% to US$583.7 

million (1H2024: US$606.3 million).

Overall revenue for 1H2025 increased 6% to US$32.89 billion (1H2024: US$30.93

billion) with higher revenue recorded across most of the Group’s business divisions. 

Business Segment Performance

Food Products (Consumer Products, Medium Pack and Bulk) registered a healthy 

34% increase in pre-tax profit to US$195.7 million in 1H2025 (1H2024: US$146.3 million). 

The improvement was driven by better performance from the flour and rice divisions in 

China and higher sales volume. 

Overall sales volume for Food Products grew 4% to 16.3 million metric tonnes (“MT”)

(1H2024: 15.6 million MT), backed by volume growth across main business divisions.

Feed & Industrial Products (Tropical Oils, Oilseeds & Grains and Sugar) reported a 

29% decline in pre-tax profit to US$381.6 million in 1H2025 (1H2024: US$534.0 million), 

as operating conditions for the tropical oils business remained challenging and impacted

refining margins. Sugar merchandising activities were also lower during the period. 

These factors were partially offset by better performance in the oilseeds and grains 

business, especially in China, which saw improvement in crush margins and higher 

demand for its products.

Overall sales volume for Feed & Industrial Products increased 5% to 31.7 million MT 

(1H2024: 30.2 million MT).

Strong Balance Sheet and Cash Flows

In line with the decrease in commodity prices for soybean and sugar as well as lower 

seasonal working capital requirements, net loans and borrowings reduced by US$739.2 

million to US$17.90 billion as of 30 June 2025. This also led to an improvement in net 

gearing ratio, from 0.94x in FY2024 to 0.87x in 1H2025. 

During the period, the Group generated strong operating cash flows of US$1.80 billion. 

Capital expenditure for the period (including advances paid) was lower at US$533.8

million (1H2024: US$804.6 million) while US$20.0 million (1H2024: US$39.6 million) was 

used for the acquisition of subsidiaries, joint ventures and associates. Together with 

dividend distribution of US$485.5 million and the US$739.2 million decrease in net debt, 

the Group had a cash outflow of US$271.0 million, while free cash flow was at US$1.25 billion.

Prospects

Mr. Kuok Khoon Hong, Chairman and CEO of Wilmar said, “The Group’s results for 

1H2025 improved despite the difficult operating conditions. Refining margins for the

tropical oils business are expected to remain challenged, while the plantations business 

should be favourable for the rest of the year. Our crushing operations are expected to 

Venture -

 Wow! A nice breakout recently at 12.95 and 13.00 level looks rather bullish and may likely continue to drive the price higher!

Last Friday closed at 13.10 exhibited strength and may likely rise up to test 13.42 than 13.70 with extension to 14.34.

Don't miss out!

This is the first time the company has declared Special dividend,  I think market is in favor of this special dividend. May be Final might have another special dividend.  

Special dividend 5 cents plus interim dividend 25 cents.  XD 1st September,  paydate 12 September. 

Vicom - Net profit attributable to Shareholders increased by 10.2% to $15.6 million.  An interim dividend of 3.10 cents has been declared versus last year 2.8 cents. Nice results

 Revenue for the first six months increased 24.1% to $69.8 million. 

 Group operating profit increased by 12.3% to $18.9 million. 

 Net profit attributable to Shareholders increased by 10.2% to $15.6 million.

 An interim dividend of 3.10 cents has been declared.

CapLand Investment - She is looking great to rise up to reclaim 2.82

 CapLand Investment  - She is looking great to rise up to reclaim 2.82! 

Beyond,  2.82 she may likely rise up to retest 2.87 and 2.90. 

If September rate cut is happening,  she may likely rise back above 3.00.

Yearly is about 18 cents if including the extra share handled out from other reit counter that they are vested! 

Yield is about 6.45% of which I think is still a great yield level! 

Pls .