CapLand China Tr - 1st Half Results is out. Gross revenue and NPI is down a bit. DpU seem flat at 2.45 cents vs 2.49 cents. It looks like the worst is over

 CapLand China Tr  - 1st Half Results is out.  Gross revenue and NPI is down a bit. DpU seem flat at 2.45 cents vs 2.49 cents. It looks like the worst is over. XD 13 August,  paydate 9 September. 

CapitaLand China Trust posts 1H 2026 DPU of 2.45 Singapore cents

DPU was underpinned by resilient retail performance, post-AEI income

contributions and interest cost savings 

Singapore, 5 August 2026 – CapitaLand China Trust (CLCT) reported a distribution per unit 

(DPU) of 2.45 Singapore cents for the six months ended 30 June 2026 (1H 2026). 

Distribution income was flat compared with 1H 2025, supported by resilient performance 

from malls, particularly those that completed asset enhancement initiatives (AEI), and 

improved financing costs. This demonstrates the resilience of CLCT’s portfolio despite 

softer macroeconomic conditions and the absence of contribution from the divested 

CapitaMall Yuhuating. On a same-store basis, excluding CapitaMall Yuhuating’s contribution 

in 1H 2025, DPU for 1H 2026 increased by 2.9% year-on-year (YoY) from 2.38 Singapore cents. 

Based on the record date on Friday, 14 August 2025, Unitholders can expect to receive their 

1H 2026 DPU of 2.45 Singapore cents on Wednesday, 9 September 2026. This translates 

to a distribution yield of 7.4%1

.

Gross revenue and net property income (NPI) for 1H 2026 was RMB822.6 million and 

RMB561.0 million respectively, both lower YoY mainly due to the divestment of CapitaMall 

Yuhuating. On a same-store basis2

, gross revenue would have remained relatively stable, 

tapering 0.2% YoY, while NPI would have increased 1.3% YoY in 1H 2026.

CLCT’s retail portfolio, which accounts for 70.6% of its total portfolio gross rental income3

,

saw an increase in occupancy to 97.3% in 1H 2026, up from 96.9% a year ago. Same-store 

retail revenue grew 0.8% YoY in 1H 2026 on the back of completed AEI across three malls4

.

CLCT’s business park portfolio occupancy remained resilient at 85.1%. Occupancy in its 

logistics park portfolio rose to 99.0% in 1H 2026, up from 96.6% in 1H 2025, supported by 

the higher occupancy at Chengdu Shuangliu Logistics Park.

ParkwayLife Reit - 1st Half Results is out! DPU is up 14.6 percent to 8.77 cents. DI is up 14.6 percent to 57.2m, awesome

 Wow! She is rising up nicely after results released,  seeelm rather positive.  A nice breakout of 4.29 with ease, she may rise up further towards 4.40. Pls dyodd. 

ParkwayLife Reit  - 1st Half Results is out! DPU is up 14.6 percent to 8.77 cents. DI is up 14.6 percent to 57.2m, awesome.XD 12th August,  paydate 8th September 2026. Estimating yearly dividend of 17.54 cents, yield is about 4.18%, seem not bad! 

 gross revenue for the half year stood at S$77.1 million, while net property 

income was S$72.4 million. Compared to the corresponding period last year, gross 

revenue and net property income have declined by 1.6% and 2.0% respectively, 

mainly due to the depreciation of the Japanese Yen and lower rental income from 

affected Japan assets. These were partially offset by continued contributions from the 

Singapore portfolio. As the REIT has hedged its net income from Japan.reported revenue will be substantially mitigated by foreign exchange gains realised 

upon settlement of its forward contracts.

Amount available for distribution, which is computed on actual rent receipts, increased 

16.2% year-on-year. The growth was primarily driven by the higher rental contributions 

from the Singapore hospitals’ Annual Rent Review formula and step-up lease 

arrangement from the France portfolio, as well as the absence of the France tax 

provision recognised in the corresponding period last year 4

. Notwithstanding the 

above, any additional DI arising from the outperformance of the Singapore hospitals

is only finalised when the full year revenue is determined. Accordingly, the S$0.8 

million uplift recognised for Q1 2026 has not been included in the current distribution 

and will be distributed together with any full-year revenue-sharing entitlement, if 

applicable, in 2H 2026. Consequently, DI and DPU increased 14.6% year-on-year to 

S$57.2 million and 8.77 Singapore cents respectively.

CapLand Ascott Tr - I think gd price is back. Estimating yearly dividend of 6 cents, yield is about 6.6 percent

 CapLand Ascott Tr  - I think gd price is back. Estimating yearly dividend of 6 cents,  yield is about 6.6 percent  at 90.5 cents. NaV1.15. Pls dyodd. 

29 July 2026:

 CapitaLand Ascott Trust (CLAS) delivered an 11% year-on-

year (YoY) increase in income available for distribution to S$107.1 million for the six 

months ended 30 June 2026 (1H 2026), due to higher non-periodic items 1.

Total distribution was S$97.5 million, after retaining S$9.6 million in non-periodic items, as 

CLAS continues to execute its portfolio reconstitution and growth strategy.

CLAS’ 1H 2026 Distribution per Stapled Security (DPS) remained stable YoY at 2.53 Singapore cents. XD 4th August. 

 The trailing 12-month DPS corresponds to a distribution yield of 6.9%.

The record date for the 1H 2026 DPS is on 5 August 2026, and CLAS’ Stapled 

Securityholders can expect to receive their distribution on 28 August 2026.

CLAS’ core distribution income3 was mainly impacted by transitional factors, including 

timing differences in acquisitions and divestments, the near-term impact of asset 

enhancement initiatives (AEIs) undertaken to enhance the quality and long-term resilience 

of the portfolio, foreign exchange impact and one-off tax adjustments. Core distribution 

income for 1H 2026 included a distribution top-up to mitigate the closures of The Cavendish London and Madison Hamburg 4 On a same-store basis 5, operating 

performance remained resilient, with revenue per available unit (REVPAU) increasing 1% YoY, despite macroeconomic uncertainties.

ParkwayLife Reit - Tuesday, 4th August whe is going to released her 1st Half results. Estimating DPU of 8.5 to 8.7 cents. The results will be out before trading commence

ParkwayLife Reit  - Tuesday,  4th August whe is going to released her 1st Half results.  Estimating DPU of 8.5 to 8.7 cents. The results will be out before trading commence. Hopefully,  price can rise up to reclaim 4.28 than 4.40. Pls dyodd. 

  ParkwayLife Reit  - First Half results will be out on 4th August before trading commence,  nice. Dividend is coming.

Yesterday closed at 4.20, let's see if she can stay above 4.21 in order to continue to trend higher. 

19 July 2026:

 ParkwayLife Reit  - Hosey. Closed well at 4.16, likely to rise up to test 4.21 and above. Pls dyodd. 

11 July 2026:

 She is climbing up nicely and closed well at 4.15, looks rather bullish! She may rise up to test 4.21. A nice breakout smoothly plus good volume we may see her rising up further towards 4.40 and above. 

ParkwayLife Reit  - She will be releasing her 1st Half results in early August,  estimating dividend of 8 cents and above as 1st quarter dpu of 4.44 cents plus recent divestment gains likely lift the dividend payout higher.

Hopefully, she will rise up to test 4.20 than 4.40. Pls dyodd.

Ocbc has a TP of 4.80. Quote: 

Ada Lim of OCBC Group Research has maintained her "buy" call on Parkway Life REIT but with a slightly trimmed fair value of $4.80 from $4.82.

 Gross Revenue for 1Q 2026 decline by 2.1% to 38.2m mainly due to JPY FX depreciation and lower rental income from the Japan portfolio 

due to tenant exit affecting five Japan nursing home properties, partially offset by contributions from 

the Singapore properties.  

 Higher distributable income largely attributed to Singapore hospitals following the cessation of the 

three-year rent rebates and the rent review formula kicked in1. DPU is up 5% to 4.44 cents. 

 As the REIT has hedged the net income from Japan, the drop in revenue will be compensated by the 

FX gains from the settlement of the forward contracts

DPU Growth Y-o-Y

S$38.2 million

Higher distributable income largely attributed to Singapore hospitals following the cessation of the 

three-year rent rebates and the rent review formula kicked in1 

 As the REIT has hedged the net income from Japan, the drop in revenue will be compensated by the 

FX gains from the settlement of the forward contracts.

Project Renaissance – a S$350 million renewal capital expenditure for MEH jointly funded with IHH

Healthcare Singapore was successfully completed in February 2026

➢ Delivered M&E upgrades, space reconfiguration and sustainability enhancements to support

resilience and growth

➢ Awarded provisional Green Mark Platinum certification by the Building and Construction Authority

in recognition of the sustainability enhancements

Seatrium Ltd - Seatrium 1H2026 Net Profit Grows 158% to S$373 Million, Marking Shift from Recovery to Value Creation

 Seatrium 1H2026 Net Profit Grows 158% to S$373 Million, 

Marking Shift from Recovery to Value Creation

• Profitability mainly driven by margin expansion; net profit excluding divestment gains 

grew 54% year-on-year (“YoY”)

• S$13.3 billion net order book with improving project mix: >95% consisting of Series 

Build projects and declining proportion of lower-margin legacy, non-FPSO projects

• Shift from recovery to value creation, supported by sustained earnings growth, 

improving margins and disciplined execution

Singapore, 31 July 2026 – Seatrium Limited (“Seatrium” or the “Group”) has delivered net profit of 

S$373 million for the first six months ended 30 June 2026 (“1H2026”), compared to S$144 million for 

1H2025. Excluding divestment gains, net profit grew 54% year-on-year to S$212 million, reflecting the 

Group's strengthening earnings quality and improving operational leverage.

1H2026 revenue grew 4.7% to S$5.6 billion, up from S$5.4 billion in 1H2025, underpinned by steady 

execution of the Group's order book. Gross margin improved to 8.6% from 7.4% in 1H2025. Key 

margin drivers include a growing mix of higher-margin projects; and reduced indirect overheads from 

improved productivity, strategic divestments and ongoing cost discipline. 1H2026 EBITDA, excluding 

divestment gains, rose 20% to S$479 million.

As at 30 June 2026, Seatrium's net order book stood at S$13.3 billion, comprising 24 projects with 

deliveries through to 2033. With the completion of three projects, the proportion of lower-margin 

legacy, non-FPSO projects has declined to about 1% of the net order book. Over 95% of the order 

book comprises Series Build projects that provide greater execution certainty and efficiency. Ongoing 

projects largely remain on schedule, with mega-projects such as the P-80 and P-82 FPSOs for 

Petrobras and Shell Sparta FPU1 on track for sailaway in 2H2026.

Mapletree PanAsia Com Tr - 1st quarter results is out. Gross revenue is down 5.6 percent to 206m. NPI is down 6.8 percent to 154m. DPU is down 2.5% to 1.96 cents

Mapletree PanAsia Com Tr  - 1st quarter results is out. Gross revenue is down 5.6 percent to 206m. NPI is down 6.8 percent to 154m. DPU is down 2.5% to 1.96 cents.

The only consolation is that the Operating expenses is down 1.8% to 51m and Financial costs is down 18.4% to 40m. XD 6th August. 

 VivoCity’s Strength and Proactive Capital Management

Cushion Overseas Headwinds

• 1Q FY26/27 DPU of 1.96 Singapore cents

• Singapore gross revenue and NPI up 2.1% and 1.0% yoy

• Divestments completed in FY25/26 continue to deliver interest cost savings through 

reduced debt 

• Portfolio rental reversion healthy at 4.3%

• Singapore portfolio remains resilient; MBC backfilling progresses, with a key committed lease to commence later this year

• Proactive refinancing lowers borrowing costs and extends debt maturity

• VivoCity delivers 8.9% higher NPI, 13.5% rental reversion, near-full committed occupancy and 4.9% yoy tenant sales growth

• Festival Walk records 4.0% yoy tenant sales growth; 18,800 square feet reconfiguration completed and operational.