Frasers L&I Trust

FLT FULL YEAR DPU UP 2.6% TO 7.19 SINGAPORE CENTS

 4QFY18 Distributable Income 35.6% higher at A$36.0 million

 Two leases signed in 4QFY18 bringing total leasing completed in FY2018 to 296,953 sq m

 Occupancy of 99.6% and WALE of 6.87 years as at 30 September 2018

 FLT portfolio valued at approximately A$3.0 billion, an uplift of A$56.0 million.


DPU of 2.57 cents ex.dividend on 12th Nov. Pay date is on 19 Dec 2018. Total DPU for half year would be 3.58 cents including 1.01 cents being advanced DPU being paid out due to placement of new share in May.

Distribution Policy FLT will distribute at least 90.0% of its Distributable Income. Distributions will be made on a semi-annual basis for the six-month periods ending 31 March and 30 September. The actual level of distributions above 90% is to be determined at the REIT Manager’s discretion. Unitholders have the option to elect to receive distributions in Singapore dollars or Australian dollars.


Adjusted NPI for 4QFY18 of A$49.3 million was A$17.0 million (or 52.6%) higher than 4QFY17. The higher Adjusted NPI for 4QFY18 was contributed by the 2018 Australian Acquisition (A$0.3 million); the 2018 European Acquisition (A$13.2 million (€8.4 million)); and the 2017 Acquisition Transaction (A$2.7 million). The net effect of the annual fixed rental increment in the Australian portfolio and other income of A$2.0 million for 4QFY18 which relates to the early surrender fee received for Lot 105 Springhill Road, Port Kembla, New South Wales, also contributed to the increase in the Adjusted NPI. These were partly offset by the effect of the 2018 Divestments.

4QFY18 finance costs of A$7.6 million was A$3.2 million higher than 4QFY17. This was due mainly to higher borrowings to finance the 2018 European Acquisition during the financial year and the 2017 Acquisition Transaction. Actual weighted average interest rate (excluding upfront debt related expenses) for 4QFY18 was 2.5% and 4QFY17 was 2.8% per annum. At 30 September 2018, 82% (30 September 2017: 72%) of borrowings were at fixed rates.

The actual total return attributable to Unitholders of the Trust for 4QFY18 of A$96.1 million was A$67.2 million (or 231.7%) higher than 4QFY17 which included (a) gain on the 2018 Divestments of A$23.4 million (4QFY17: Nil); (b) a fair value gain on investment properties of A$54.7 million (4QFY17: A$11.5 million).

Tax expenses for 4QFY18 of A$18.1 million was A$11.1 million (or 156.3%) higher than 4QFY17. Current income tax was higher due mainly to higher distributable income, tax arising from the gain recorded for the 2018 Divestments and on other income. Deferred tax charge was also higher due mainly to the fair value gain recorded for investment properties.


 The REIT Manager has elected to receive 100% of the 4QFY18 quarterly base management fee in the form of units (4QFY17:100% in units).

Income available for distribution to unitholders was A$34.0 million, an increase of 28.0% over 4QFY17. The REIT Manager has declared a distribution of A$2.0 million from the gain on the 2018 Divestments.

Yield is about 7.05% base on DPU of 7.19 cents, current share price of $1.02.

Result seems quite good as DPU of 1.78 cents for 4th quarter seems to be able to maintain about the same as per last year of 1.77 cents.

Not a call to buy or sell.

Pls dyodd.


In the short term, demand for industrial and logistics real estate are expected to remain high and rental rates to rise further. For the near future, the economy is expected to grow and drive demand for both industrial and logistics real estate. The increase of e-commerce will result in both new large scale e-fulfillment centers and smaller city hubs for the last-mile city distribution.

Overview The REIT Manager continues to monitor developments on the global trade tensions. Looking ahead, the REIT Manager will continue to grow FLT’s prime industrial portfolio with a focus on generating sustainable and long-term value for FLT unitholders.

Genting Singapore

Chart wise, I think we are waiting for the next catalyst to breakout 95/96.5 and bring it higher towards 1.00 then 1.05 and above.

From TA point of view, it has just crossed over the upper Trend Line which is viewed as rather positive as it has manged to breakout of the Downtrend chart patterns which signify Bull is in control.

This would be my trading plan for this counter.

EP - 95 cents
TP 1.05 - $1.09
SL 90 cents.

Not a call to buy or sell.

Please do you own due diligence.


Also looking at their financial nos for past few year we can notice that it has managed to increase consistently its Net Income amount from 2015 to 2018.

Similarly, it has also managed to increase consistently it Diluted EPS from 2015 to 2018 without fail.
This is rather impressive.

One thing share holders would be very please to have is , it has managed to increase its Dividend payout from a merely 1 cents in 2014 to 3.5 cents in 2018. Quite a big jump from 1 cents to 3.5 cents.

Yield is about 3.7% base on current price of 93 cents.


Normal EPS is about 5.7 cents. PE is about 16x.

I think the company has no problem to continue to maintain paying 3.5 cents or even 4 cents dividend.

It is seemingly oversold and I would say it fair value is about $1.20+ even without factoring the winning of the additional license.

Trade/invest base on your own decision.

All information provided is just for sharing.



Genting Singapore Limited, an investment holding company, engages in the development, management, and operation of integrated resort destinations in Asia. Its integrated resort destinations comprise gaming, hospitality, MICE, leisure, and entertainment facilities. The company primarily owns Resorts World Sentosa, a destination resort, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore Theme Park, MICE facilities, hotels, Michelin starred restaurants, and specialty retail outlets. It is also involved in the operation of casinos; and provision of sales and marketing support services to leisure and hospitality related businesses, as well as in the investment activities. Genting Singapore Limited was incorporated in 1984 and is headquartered in Singapore. Genting Singapore Limited is a subsidiary of Genting Overseas Holdings Limited.

SIA

After touching the low of $9.14 , it has managed to stage a nice rebound and head higher to hit $9.57 on 2nd Nov 2018, this is rather bullish!

NAV $11.78.
P/B 0.84
Dividend of 40 cents. Yield of 4.2% looks quite attractive.


With oil price turning softer, SIA may benefit .

Short term wise, I think it may likely move up to retest $9.86 .
Breaking out of $9.86 with good volume, that may propel to drive the price higher towards $10.06.

Not a call to buy or sell.

Pls dyodd.


Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services in East Asia, the Americas, Europe, South West Pacific, West Asia, and Africa. The company also offers engineering services, air charters, and tour wholesaling and related services, as well as trains pilots. In addition, it engages in the provision of aircraft maintenance services, including technical and non-technical handling at the airport; maintenance, repair, and overhaul of aircraft and cabin components/systems; and aviation insurance services. Further, the company is involved in the repair and overhaul of aircraft and cabin components/systems; providing and marketing cargo community systems; marketing and supporting portal services for the air cargo industry; and reservation service systems. As of March 31, 2018, its operating fleet consisted of 186 aircraft, which included 179 passenger aircraft and 7 freighters. The company was founded in 1947 and is based in Singapore. Singapore Airlines Limited is a subsidiary of Temasek Holdings (Private) Limited.

SGX

It has managed to cover the Gap at $7.09 and close well at $7.18 coupled with High volume this is rather bullish.

3 Beautiful white soldiers reflected on the chart , looks positive!
This bullish momentum may likely continue to drive the share price higher.

As can be seen the RSI spike up and is on the uptrend mode direction. Likely to continue to head higher.

Short term wise, I think it may move up to re-attempt $7.27 which is also coincide with FIBO 38.2% .Breaking out of $7.27 with ease + good volume that may likely drive the price higher towards $7.40 with extension to $7.60 .

Not a call to buy or sell.

Pls dyodd.



Singapore Exchange Limited, together with its subsidiaries, operates an integrated securities exchange and derivatives exchange in Singapore and related clearing houses. It operates through Equities and Fixed Income; Derivatives; and Market Data and Connectivity segments. The company provides issuer, securities trading and clearing, post trade, membership and collateral management, derivatives trading and clearing, and market data and connectivity services. It also offers counterparty guarantee, and depository and related services for securities transactions; bond trading services; front-line regulatory functions; and computer services and software maintenance services, as well as consultancy services. In addition, the company provides and distributes bulk freight market indices and information; and operates regulated freight derivatives trading facility and electricity market. Singapore Exchange Limited was incorporated in 1999 and is headquartered in Singapore.

Singapore Saving Bond for Dec 1.89%

December offer rates is out!
Fantastic! 1st year 1.89%, 10 years 3.04% .

Don't miss out!

Closing date on 27th Nov 9pm.

Pls dyodd.

Singapore Saving Bond click here to view. 

Nov rate is out!
Looks attractive!
First year 1.8%, average for 10 years 2.48%.

Closing date of application : 26 Oct 2018.
It is now available for applying .

Applicant may apply via Internet banking from the 3 local banks such as DBS,Uob & OCBC .

Closing date of application is on 25th September 9pm.

 First year interest is 1.74% & 10 year interest is about 2.42%. You may refer to the table below ;

 Each Savings Bond has a term of 10 years and pays interest every 6 months. Savings Bonds cannot be traded like conventional bonds or shares. Interest income is exempt from tax. Only individuals above 18 years old can apply.

 Savings Bonds are fully backed by the Singapore Government. And because the bonds can always be redeemed for the full amount invested, investors are protected against capital losses when interest rates change.

 This makes them one of the safest possible investments for individuals to hold.

 Save up to 10 years, and earn interest that “steps up” or increases over time. Hold your Savings Bond for the full 10 years and receive an average interest per year that matches the return from 10-year Singapore Government Securities yields, which has generally been between 2%-3%. Flexible : Or, choose to exit your investment in any given month, with no penalties.

There is no need to decide on a specific investment period at the start.

Before you Apply: You will need: A bank account with DBS/POSB, OCBC or UOB. Visit any of the three local banks’ branches in Singapore to open a bank account.

 An individual CDP Securities account linked to any of your bank accounts through direct crediting service (DCS). CDP is the custodian for Savings Bonds and will process applications, interest payments and redemptions. Visit CDP's webpage for information on opening your CDP Securities account.

 $2 transaction fee A non-refundable transaction fee will be charged by the bank for each application request.

After you have Apply: MAS will allot the new Savings Bond among applicants on the 3rd last business day of the month (called the "Allotment Day")You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account.

 The application results will be available on the Announcements page after 3.00pm on Allotment Day. Should the total amount of applications exceed the amount on offer in a particular month, you may not get the full amount you applied for (why not?). The excess cash will be refunded to you by the end of the 2nd last business day of the month.

Savings Bonds will be issued on the 1st business day of the following month. You will be notified by CDP via mail of the amount of Savings Bonds allotted to you. You can also check your holdings online through the CDP Internet service or by calling CDP at 6535-7511.

 Received your interest : You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account. Interest will be paid every six months after that, on the 1st business day of the month. The interest payments will be reflected in your CDP statements. When your bond matures Each Savings Bond has a term of ten years. At the end of ten years, your principal and the last interest payment will be automatically credited to your DCS bank account.

You do not need to take any action, and the $2 transaction fee is not applicable in this instance. Redeeming early You can redeem your Savings Bonds in any given month before the bond matures, with no penalty for exiting your investment early. To redeem your bond: Submit your redemption requests through the DBS/POSB, OCBC or UOB ATMs, or Internet Banking portals. Redeem in multiples of $500 up to the amount you have invested for each bond. You can redeem more than one bond per month. A $2 transaction fee will apply for each redemption request. Please note that you will not be able to amend or cancel submitted redemption requests.

The redemption period opens at 6pm on the 1st business day of each month and closes at 9pm on the 4th last business day of the month. Redemption proceeds will be paid by the end of the 2nd business day of the following month. Will I receive any interest?  Savings Bonds pay interest every 6 months.

If you redeem your bond when there is a scheduled interest payment, you will receive the scheduled interest together with your redemption amount. If you redeem before the scheduled interest is paid, you will receive a pro-rated amount, called the accrued interest, which is the interest you have earned but have not been paid.

SGX

After touching the low of 6.72 on 30th Oct, it had managed to stage a nice rebound and rises higher to close at $6.98 on 1st Nov, this is rather bullish!

We may likely see the 3rd bullisg white soldier follow through and take it higher towards $7.10 then $7.20 with extension to $7.38 .


Not a call to buy or sell.

Pls dyodd.


Singapore Exchange Limited, together with its subsidiaries, operates an integrated securities exchange and derivatives exchange in Singapore and related clearing houses. It operates through Equities and Fixed Income; Derivatives; and Market Data and Connectivity segments. The company provides issuer, securities trading and clearing, post trade, membership and collateral management, derivatives trading and clearing, and market data and connectivity services. It also offers counterparty guarantee, and depository and related services for securities transactions; bond trading services; front-line regulatory functions; and computer services and software maintenance services, as well as consultancy services. In addition, the company provides and distributes bulk freight market indices and information; and operates regulated freight derivatives trading facility and electricity market. Singapore Exchange Limited was incorporated in 1999 and is headquartered in Singapore.