CapitaLand Ascendas REIT - I think boat is back! At 2.89, yield is about 5.4 percent seem like a good pivot point! Results is due on 1st February, dividend is coming!

    CapitaLand Ascendas REIT  - I think boat is back! At 2.89, yield is about 5.4 percent seem like a good pivot point! Results is due on 1st February,  dividend is coming!

Pls dyodd.

CapitaLand Ascendas REIT  - Awesome! She has managed to recover from 2.86 and closed well at 2.97, looks like Bull is in control! Likely to test 3.00 than 3.05 and beyond! Dont miss out! 

Yield is about 5.25% at 2.97 for this Giant Industrial cum Data Centres reit.

Please dyodd. 

CapitaLand Ascendas REIT  - She has managed to clear the resistance at 2.99, looks rather positive and may likely continue to rise up to test 3.18 ! Do take note! 

Wow! Yesterday,  she was Up 15 cents to close well at 2.99. 

Short term wise,  I think likely to retest 3.03. A nice breakout smoothly plus good volume we may see her rising up towards 3.10 than 3.18.

Pls dyodd.

CapitaLand Ascendas REIT  - Wow! Bullish mode! 2.86 once cleared likely to rise up to test 3.01 to 3.03! Dont miss out!

Pls dyodd. 

Chart wise, bullish mode!

Yesterday the price was up 5 cents and closed well at 2.84 looks rather positive!

Short term wise  I think she may rise up to reclaim 2.86. A nice breakout smoothly may likely see her rising up further towards 3.00-3.01.

Pls dyodd.

This Giant industrial cum Data Centres reit has rebounded quite well from below 2.70 to close well at 2.80 , looks like Bull is in control!

This bullish momentum may likely drive the price higher to test 2.86 than 3.01.

Please dyodd.

  Chart wise,  bearish mode!

If 2.70 cannot hold,  we may see her going down to test 2.65 than 2.60.

Pls dyodd.

 After Ex.dividend a few days ago, the share price has corrected lower to close at 2.71, looks rather weak!

She will need to overcome the resistance at 2.75.

A nice breakout of 2.75 plus good volume i think she may continue to rise up further! 

Let 's monitor and see how it turns out! 

  1st Half 2023 results is out! 

NPI is up 6.7% to 508.8m. Distribution income is down 1% to 327.5m.

Dpu is down 2% to 7.719 cents. 

Advance dpu of 6.139 cents  was paid out for the PP share.

Balance 1.58 cents will be paying out thus round.

I think the results is not bad! 

Gearing 36.7%.

Occupancy rate is 94.4%.

High probability she may rise up to reclaim 2.83.

A nice breakout at 2.83 smoothly would likely see her rising up to 2.89 than 2.93.

Please dyodd.

TA wise, bullish mode!

She has managed to bounce-off from the low of 2.65 and rises up to close at 2.82 looks like BULL is in control!

Short term wise,  I think likely to rise up to reclaim 2.83 and then rise up to cover the Gap at about 2.88 with extension to 2.93-2.98.

Please dyodd.

CapitaLand Ascendas REIT (CLAR), formerly known as Ascendas Real Estate Investment Trust, is Singapore’s first and largest listed Business Space and Industrial Real Estate Investment Trust (REIT). It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002.

CLAR has since grown to be a global REIT anchored in Singapore, with a strong focus on tech and logistics properties in developed markets. As at 31 December 2022, it owns 228 properties across three key segment, namely, 1) Business Space and Life Science, 2) Logistics and 3) Industrial and Data Centres. 

CLAR's multi-asset portfolio is anchored by well-located quality properties across developed markets. As at 31 December 2022, 95 properties are located in Singapore, 36 properties in Australia, 48 properties in the United States and 49 properties in the United Kingdom/Europe.

These properties host a customer base of more than 1,600 international and local companies from a wide range of industries and activities, including data centres, information technology, engineering, logistics & supply chain management, biomedical sciences, financial services (back room office support), electronics, government and other manufacturing and services industries.

CapitaLand Ascendas REIT is listed on several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CapitaLand Ascendas REIT has an issuer rating of “A3” by Moody’s Investor Services.

CapitaLand Ascendas REIT is managed by CapitaLand Ascendas REIT Management Limited, a wholly owned subsidiary of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asian foothold.

CapitaLand Ascendas REIT is listed on several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CapitaLand Ascendas REIT has an issuer rating of ‘A3’ by Moody’s Investors Services. 

1) Properties located in Singapore are held directly by CapitaLand Ascendas REIT (except Galaxis which is held under a wholly owned subsidiary of CapitaLand Ascendas REIT).

Properties located in Australia are held through wholly owned subsidiaries of CapitaLand Ascendas REIT, and are managed by Ascendas Funds Management (Australia) Pty Ltd together with CapitaLand Australia Pty Ltd and third-party managing agents.

Properties located in the UK/Europe are held through wholly owned subsidiaries of CapitaLand Ascendas REIT and are managed by CapitaLand International Management (UK) Ltd together with third-party managing agents.

Properties located in the USA are held through wholly owned subsidiaries of CapitaLand Ascendas REIT and are managed by CapitaLand International (USA) LLC together with third-party managing agents.

Chart wise,she has been driven to an oversold territory! 

At 2.67, yield is about 5.9% . Estimating yearly dividend of 15.7 cents.

I think is quite a gd dividend yield to be included on my stocks portfolio. 

NAV is 2.37. Gearing below 40%.

Nibbled a bit at 2.65.

Not a call to buy or sell!

Please dyodd.

FY 2023 results: 

 

DBS - She is showing sign of loosing momentum! Likely to go down to test 31.98 and below! Results is due on 7th February 2024.

DBS - She is showing sign of loosing momentum! Likely to go down to test 31.98 and below! Results is due on 7th February 2024.

Breaking down of 31.98 she may go lower to revisit 31.00.

Pls dyodd.

  Chart wise, neutral mode! 

You can see many overheads resistance ahead! I think the upwards movement is limited but downside is huge! 

NAV 21.85. P/B 1.5x is above the average historical price.

If you are looking to consider this counter at the current price level,  do take note! 

Pls dyodd.

 21 December 2023( Update) : DBS Bank - Chart wise,  bearish mode! I think needs patience to wait for the price patterns to stabilize and reverse before taking action to consider this counter due to nice quarterly dividend of 48 cents. While there is No guarantee that the dividend will stay at the current payout amount as it may get adjusted depending on the company earnings! Dont take for granted! Cautious mode! 

High probability she may go down to test 31.00 again! Breaking down of this level plus high volume we may likely see her drifting lower towards 30.30 than 30.00 and extension to 29 and below.

Pls dyodd.

TA wise, bearish mode!

The upwards potential is limited at 32.00 (20 days moving average) or 32.80 ( 50 days moving average).

The downside is greater if the recent low of 31.01 has been broken down and we may see her slidling down further towards 30.30 than 30.00 with extensin to 28.00.

Pls dyodd.

She is trading below 31.49 support turn resistance doesn't look good!

Likely to breakdown 31.00 and go down to 30.50 Than 30.30. 

Pls dyodd. 

Cautious mode!

She has broken down the recent low of 31.49 seem rather Negative and this bearish trend may continue to go further down to test 30.50 than 30.30/30.00.

Pls dyodd.

High probability she may test 31.49 again! Breaking down plus high volume we may see her going further down to test 30.86 than 30.30.

Pls dyodd.  

Chart wise bearish mode!

I think is good to monitor and see if see is going down to retest 31.49.

Breaking down 31.49 plus high volume would be rather Negative and we may see her going further down to test 30.86 and below.

Pls dyodd.

 Low can Go Lower!

Cheap can become even cheaper!

 I Think Don't depend too much on the dividend which might not be guaranteed!

Rate cut might be happening next year!

Chart wise, bearish mode!

High chance it may go down to test 30.86 than 30.30 and 29.90.

Pls dyodd.

Chart wise,  bearish mode!

If 32.87 cannot hold,  then we may see her going further down to test 32.00 than 31.98 with extension to 30.30.

Pls dyodd.

 I think price is holding up well and may retest 34.55 due to dividend of 0.48.

Please dyodd.

Impressive set of financial numbers for 2nd quarter 2023.

DBS - She is showing sign of loosing momentum! Likely to go down to test 31.98 and below! Results is due on 7th February 2024.

Breaking down of 31.98 we may see her drifting lower towards 31.00.

Pls dyodd.

Net profit increase 48% to a record earnings of 2.69b as total net income crosses 5b.

Declared interim dividend of 0 48. Versus 0.42 last quarter. Awesome. 

XD 11 August.  Pay date 24 August.

EPS increase 4.02% from 2.80 to 4.15.

NAV also increase 21% from 20.78 to 21.85.

Fantastic! I think price may gap up !

Hopefully,  it may stay above 34.00 with this stellar sets of financial results!

Please dyodd.

Wilmar Intl - She is drifting lower, looks rather interesting! Likely to go down to test 3.39 again! Do take note!

This piece of news reported on the media not sure will it affects the share price! Please dyodd.

Quote : A Chinese subsidiary of Asian food giant Wilmar International F34 0.29% has denied allegations by a city prosecution agency that one of its units was partially accountable for a trade fraud that led to a 5.2 billion yuan (US$725 million) loss for a state-owned company.

https://www.theedgesingapore.com/news/company-news/wilmar-unit-denies-involvement-alleged-china-palm-oil-fraud

Wilmar Intl  - She is drifting lower,  looks rather interesting! Likely to go down to test 3.39 again! Do take note!

 

Yearly dividend of 17 cents, yield is 4.94% at 3.44 of which i think  is quite a gd yield level!

Breaking down of 3.38 we may see sliding down toward 3.00.

Pls dyodd. 

Wah, crucial moment! 

I think is good to monitor and wait for market confirmation! 

Yearly dividend is 17 cents. Yield is 4.73%. NAV 4.22.

Pls dyodd.

  TA wise,  bearish mode!

If 3.60 cannot hold the high chance she will go down to test 3.53/3.50. Breaking down of 3.50 plus high volume we may likely see her going down to test 3.28 than 3.00 and 2.94.

Pls dyodd. 

Wilmar Intl  - Results is out Net profit is down 52.7% to 550m, Total Revenue is down 10% to 32538m.

Declared same interim dividend of 6 cents. 

Lower contribution from Food and Feed and I industrial products despite higher sales volume. 

Free cash flow of 1.89b.

I think the results is not bad!

Let's see how she fares next week!

Please dyodd.

 Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange.

At the core of Wilmar’s strategy is an integrated agribusiness model that encompasses the entire value chain of the agricultural commodity business, from cultivation and milling of palm oil and sugarcane, to processing, branding and distribution of a wide range of edible food products in consumer, medium and bulk packaging, animal feeds and industrial agri-products such as oleochemicals and biodiesel. It has over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries and regions. Through scale, integration and the logistical advantages of its business model, Wilmar is able to extract margins at every step of the value chain, thereby reaping operational synergies and cost efficiencies. 

Supported by a multinational workforce of about 100,000 people, Wilmar embraces sustainability in its global operations, supply chain and communities. 

An Expanding Global Footprint:

From its humble beginnings, Wilmar has today become a global leader in processing and merchandising of edible oils, oilseed crushing, sugar merchandising, milling and refining, production of oleochemicals, specialty fats, palm biodiesel, flour milling, rice milling and consumer pack oils:

• Largest edible oils refiner, specialty fats and oleochemicals manufacturer as well as leading oilseed crusher, producer of consumer pack oils, flour and rice and one of the largest flour and rice millers in China
• One of the largest oil palm plantation owners and the largest palm oil refiner and palm kernel and copra crusher, specialty fats, oleochemicals and biodiesel manufacturer in Indonesia and Malaysia
• Largest producer of branded consumer pack oils in Indonesia
• Largest branded consumer pack oils, specialty fats and oleochemicals producer and edible oils refiner as well as leading oilseed crusher, sugar miller, refiner and ethanol producer in India
• One of the largest investors in oil palm plantations, one of the largest edible oils refiners and producers of consumer pack oils, soaps and detergents as well as third largest sugar producer in Africa
• Largest raw sugar producer and refiner, a leading merchandiser of consumer brands in sugar and sweetener market and largest manufacturer of bread, spreads and sauces in Australia
• Leading refiner of tropical oils in Europe.

First quarter 2023 Financial No. update :

The Group reported net profit of US$391.4 million and core net profit of US$381.9 million for the quarter, with stronger sales volume recorded in both Food Products and Feed & Industrial Products segments. Excluding the gain on dilution of interest in Adani Wilmar Limited of US$175.6 million recognised in 1Q2022, the Group reported a growth in net profit of 10.3%, while core net profit grew by 16.5% during the quarter. 

Despite the challenging operating conditions, the Group managed to deliver a satisfactory set of results for 1Q2023. Higher volume of sales was achieved across all businesses. Sugar milling and merchandising did well with higher sugar prices. Oilseed crushing did better due to higher volume and good coverage of raw materials. Food Products segment saw an overall increase in volume of sales, largely due to higher medium pack and bulk products sales, particularly in China. Plantation profit was reasonable even though palm oil prices came down significantly from the peak. Shipping performed well but palm oil refining margin was poor. 

Cash Flow & Balance Sheet The stable performance for the quarter led the Group to generate higher operating cash flows before working capital changes of US$756.1 million. With the decline in commodity prices and seasonal reduction in overall inventory balance during the quarter, working capital requirements for the Group decreased accordingly, leading to lower net debt of US$17.27 billion as of 31 March 2023 (31 December 2022: US$18.75 billion). Consequently, net gearing ratio for the Group improved to 0.84x as of March 2023 (FY2022: 0.94x). This led to the Group generating strong cash inflow from operating activities of US$2.17 billion in 1Q2023. At the end of the reporting period, the Group had unutilised banking facilities amounting to US$26.32 billion. 

Outlook Results for the quarter ended 31 March 2023 were satisfactory, despite the uncertain macro-economic outlook at the start of the year. With our diversified and integrated business strategies, we are cautiously optimistic that performance for the rest of the year will remain satisfactory. 

The company paid out Final dividend of 11 cents + interim dividend of 6 cents, total 17 cents for FY 2022. The current share price is $3.97, yield is about 4.28% of which I think is quite a decent yield!

Chart wise, bearish mode!

She may likely continue to trend lower!

Short term wise, I think likely to go down to test 3.90.

Breaking down of 3.90 plus high volume that may likely see her falling down further towards 3.75 then 3.46 level.

Please dyodd.

ComfortDelGro - Great news keep flowing in! The latest job offer for those who like to work as a full time driver with basic pay , performance bonus, staff annual leave and medical benefits seem like a good move to boost their rev plus creating new jobs is a welcome move ! I think this is positive and likely see price rising up further towards 1.50 to 1.60 level! Do take note!

   ComfortDelGro  - Great news keep flowing in! The latest job offer for those who like to work as a full time driver with basic pay , performance bonus,  staff annual leave and medical benefits seem like a good move to boost their rev plus creating new jobs is a welcome move ! I think this is positive and likely see price rising up further towards 1.50 to 1.60 level! Do take note!

Beyond that, she may rise up tovtest 1.70 than 1.80.

Pls dyodd. 

ComfortDelGro  - She is gaining momentum and is rising up nicely likely to cross over 1.43 and rises higher towards 1.50 than 1.60! Do take note!

ComfortDelGro  - Wow! With Taxi fare and Bus/Train fare increasing and Installation of EV charging station this counter is likely to see their revenue boosted and Net profit may rise plus an increase payout for dividend! Dont miss out!

Hosey! She has managed to clear the resistance at 1.35 and powers up to close well at 1.41, looks like this bullish momentum will continue!

She is rising up towards 1.50 than 1.60.

Pls dyodd. 

ComfortDelGro  -  With Taxi  fare and Bus fare increase in December their revenue likely get boosted and can foresee an increase in dividend next year! Dont miss out!

Hosey! Finally, she has managed to breakout at 1.36 and touches the high of 1.38 Awesome! 

Likely to propel ahead and rises up to test 1.45 than 1.50 and above.

Pls dyodd.

  Chart wise,  bullish mode!

Short term wise,  I think likely to rise up to reclaim 1.37! A nice breakout smoothly plus high volume would likely drive the price higher towards 1.45 to 1.50.

Pls dyodd.

 ComfortDelGro  - 3rd quarter results is out! Net profit after tax is up 54.5 percent to 49.9m. 

Gross revenue is up 3.8 percent to 996.6m.

ComfortDelGro : C52 posted a 54.5 per cent rise in net profit to S$49.9 million for the third quarter ended Sep 30, 2023, from S$32.3 million a year earlier.

The company noted that its profit after tax and minority interests (Patmi) margin for the quarter rose to 5 per cent, from 3.4 per cent a year earlier. Revenue over the same period rose 3.8 per cent to S$996.6 million, from S$960.3 million a year ago.

In a business update on Tuesday (Nov 14), the company noted that its public transport business improved as renewals and indexation in the UK continued to improve margins.

Net cash position with 849.9m cash on hands.

I think results has shown great improvement. 

Final dividend may increase. 

Please dyodd.

Chart wise,  bullish mode!

I think high probability it may reclaim 1.37.

A nice breakout smoothly plus good volume that may likely drive the price higher towards 1.42 than 1.485 with extension to 1.80. Huat ah!

Pls dyodd. 

 

I think high probability she may likely breakout 1.30 and rises higher towards 1.40 than 1.42-1.46. Please dyodd. 

Public transport fare hike: Adults to pay 10 to 11 cents more per journey from Dec 23

The Public Transport Council, which regulates bus and train fares, has granted an overall increase of 7 per cent as part of the 2023 fare review exercise.   

 I think breaking out soon!

Dividend for the interim six months period will be credited to your account today - 31st August, Awesome!

Please dyodd.

She is gaining strength and likely rise up to test 1.30 again!A nice breakout of 1.30 plus high volume would likely see her rising up to revisit 1.35 than 1.43.

Please dyodd.

 Total Revenue is up 1% to 1862m versus 1843m last year! 

Net profit of 78.5m is down 31.9% . If excluding the divestment gains from last year of 30.5m, Net profit is down marginally. 

Interim dividend increase from 2.85 to 2.9 cents.

Taxi operations also saw an improvement of revenue with lower discounts handling out! 

Cash Flow is good. So much cash on hands!

I think the results is not bad! 

Please dyodd.

She is rising up in an orderly manner looks rather bullish!

I think waiting for the next breakout moment!

results should be out by end of August,  dividend is coming!

Please dyodd.

 Chart wise, bullish mode!

Likely to rise up ti test 1.30 than 1.35 with extension to 1.45.

Yield is avoit 3.7% at 1.27.

NAV 1.18+.

She is due to report her first half results soon!

Pls dyodd. 

GD NEWS: Awarded a contract to operate rail services in Paris, France’s capital city.

— marks the Group’s first foray into France’s rail operations market and is a first by a Singapore company.

 Indeed, she has managed to conquer 1.21 and rises up to touch 1.23 looks rather positive!

High probability I think she may rise up to test 1.25-1.27 then 1.30-1.35.

Please dyodd. 

ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. 

The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies. 

EN Corporate Profile Navigation ABOUT NETWORK INVESTOR SUSTAINABILITY TRANSFORMATION NEWS CONTACT CAREER CORPORATE PROFILE HOME / ABOUT US / CORPORATE PROFILE ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies.

Following the merger, ComfortDelGro has expanded significantly and now operates in seven countries and has a global fleet of about 34,000 vehicles.

ComfortDelGro’s businesses include bus, taxi, rail, car rental and leasing, automotive engineering services, inspection and testing services, driving centres, non-emergency patient transport services, insurance broking services and outdoor advertising. Apart from being the market leader in Singapore, ComfortDelGro has a significant overseas presence. 

The Group’s operations currently extend from the United Kingdom and Ireland to Australia, New Zealand, Malaysia, as well as across nine cities in China, including Beijing, Shanghai, Guangzhou, Shenyang and Chengdu.

Chart wise,  bullish mode!

Likely to continue to trend higher!

Short term wise,  I think likely to rise up to retest 1.20-1.21! 

A nice breakout smoothly may likely see her rising up further towards 1.25 then 1.30.

NAV 1.186.

PE 14x.

Dividend yield 4.11%.

Please dyodd.