Straco has reported earnings of $16.3 million for the 3QFY2023 ended Sept 30 with China’s post-Covid reopening providing a significant boost.
In comparison, the company reported earnings of just $175,000 for 3QFY2022.
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Straco has reported earnings of $16.3 million for the 3QFY2023 ended Sept 30 with China’s post-Covid reopening providing a significant boost.
Closed well at 94 cents last Friday looks like Bull is in control!
I think she is rising up to reclaim 96 cents again!
A nice crossing over with ease would likely see her rising up to revisit 1.00 to 1.05.
Pls dyodd.
Chart wise, she is gaining strength!
I think likely to rise up to test 96 cents again!
A nice breakout smoothly may likely see her rising up towards 1.00 and 1.03.
Pls dyodd.
30th October Update:
3Q 2023 gross profit increased 13% YOY, rose to 103% of 3Q 2019 pro forma gross profit
— Increase in revenue mitigated higher operating and financing costs
— 3.48 cents in DPS paid for 1 Jan 2023 to 13 Aug 2023, Advanced distribution of 0.701 cents was paid for the period 1 Jul 2023 to 13 Aug 2023
— gearing 35.2% with low effective borrowing cost of 2.4%
— 83% debt on fixed rate, with 50% hedged in foreign currency
Estimating a full year dividend of 6.08 cents.
At 92 cents, yield is about 6.6% plus the Gearing is low I think the company would be able to weather through this high interest rates environment!
I think current price seem a good yield level.
Not a call to buy or sell.
Indeed, she has gone down to test 0.88.
I think likely to see a rebound from here!
nAV 1.138.
Yearly dividend of about 5.3 cents.
Gearing 39%.
I think gd price is back!
Pls dyodd.
Chart wise, bearish mode!
The recent PO price of 1.025 is trading a great discount to the current price of 0.915!
Those took up the PO is having paper loss.
But on the other hand, I think gd price is back!
NAV is about 1.138.
Yearly dividend is about 5.3 cents.
I think Gearing is below 40%.
Immediate support is at 0.915.
Next support is at about 0.88.
Not a call to buy or sell!
Please dyodd.
I think is a great interest yield of 3.4% doe this fixed income product! It is backed by the gov.
Applied this morning to secure some!
Gd luck to All!
Pls dyodd.
I am going to apply by this weekend for December SSB offering average interest rate of 3.4% foe 10 years. Seem a very good yield to me higher than CPF OA.
Please dyodd.
Wah, Dec batch is yielding 3.4% average for 10 years , seems good!
Last day to apply is on 27th Nov 2023.
Offered Amount 1Billion.
Surely can get some.
Pls dyodd.
Results is out! I have secured fully for my application, swee!
Those who applied all being alloted with either 47,000 or 47,500. Bravo!
Waiting for next month announcements rate for December! I think might be the same or slightly higher.
Last day to apply is on 26th October!
Pls dyodd.
Stocks market is volatile!
I think good time to Apply a bit for Nov series to secure a fixed average yield of 3.32 % which is much higher than CPF OA.
Please dyodd.
Wah, Nov series average interest of 3.32% is higher than Oct interest of 3.16%, awesome!
I think likely to see an overwhelming response!
Total amount Offered is 1b. I think surely can get some.
Last day to apply is on 26th Oct.
Pls dyodd.
I think is a very gd fixed interest income that is even higher than AH Kong OA interest of 2.5%.
I have applied for this Oct 2023 of which I think is
quite a gd yield for me!
Please dyodd.
Wah, average 3.16 percent for Oct 2023 SSB, very good interest rate with little or no risk fixed income.
Tomorrow last day to apply for Oct 2023 series.
I have already applied hope for the Best!
Don't miss out!
Last day to apply 26th Oct 2023.
Amount Offered - 800m.
Huat ah!
Please dyodd.
This month average 2.99% interest for 10 years duration is not bad!
Application Start from 3rd July to 26th July
I have been redeeming the old batch from 2018 and 2019 and re-apply for higher interest %.
This is the best option/flexibility for SSB.
Results is out for July SSB. All fully alloted!
Is under subscription for the total issurance of 600m.
Singapore Saving Bond - one of the best option to park your cash to earn a higher interest that spread across 10 years.
This month bond offering start from 1st June 6pm onwards to 26 June 2023 9pm.
Ocbc Bank - She is rather weak! Likely to breakdown 12.60 and go further down to test 12.20 and 12.00.
Ocbc Bank - 3rd quarter results is out! Net profit is up 21% to 1.81b.
Chart wise, bearish mode!
If 12.68 cannot hold, most probably we may see her drifting lower to test 12.40 than 12.19 and 12.00.
Not a call to buy or sell!
Pls dyodd.
Last Friday closed lower at 12.79 with a Gap Down looks rather negative! Likely to see further selling down pressure!
Short term wise, I think likely to go down to test 12.60 than 12.41 . Next she may go further down to test 12.17 than 12.00.
Please dyodd.
TA wise, bearish mode!
I think likely to go down to test 12.17 than 12.00.
Please dyodd.
Chart wise, bearish mode!
She is going Ex.dividend on 14th August, I think market is giving chance to secure the profit!
She is trading near the peak resistance and it may experience the same selling down price patterns as reflected on the chart!
As interest rate is more or less peak and bank Net Interest Margin likely fall plus bad debts allowance might increase therefore, total Revenue and Net income may be lowered!
US bank already seen Analyst lowering their TP. I think is good ro be cautious!
Not a call to buy or sell!
Please dyodd.
So fast, asking for loan liao!
4.5% seem not bad!
Not a call to buy or sell.
Please dyodd.
Wah, another Gap down upon results released looks like market already priced in the good sets of financial numbers and it doesn't boils well for this kind of price action!
Looks like the uptrend direction is halted and we may see further selling down pressure!
Please dyodd.
All the 3 local banks attained good profit and all boosting their dividend payout. But going forward, profit may be lowered due to interest rate pause or bad debts allowance.
Total Income of 6.8b.
RoE of 14.3%.
EPS 1.60 per share.
Interim dividend increase 43% from 0.28 to 0.40.
XD 14 August, pay date 25 August.
Yield of 6%. Is much higher than index reit.
TA wise, looks like the same price patterns may repeat itself!
After hitting the resistance level it may likely see further weakness.
I think is never wrong to lock in profit!
Don't let the profit slip away!
Please dyodd.
TA wise, bearish mode!
If she can't hold at 12.00 price level,
the next support level Is 11.93 than 11.80.
Please dyodd.
Chart wise, bearish mode!
Likely to see further weakness!
Immediate support is at about 12.20.
Yearly dividend is about 0.65-0.68.
Yield is about 5.29% or 5.5% at 12.28 seems quite a gd yield!
Pls dyodd.
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 420 branches and representative offices in 19 countries and regions. These include over 190 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 60 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
Yearly dividend of about 0.65 to 0.68.
Current Price of 12.23, yield is about 5.31% /5.5%.
P/B is slightly above 1.
The dividend yield is above 5% which is considered good!
Chart wise, it is trading in a consolidation mode!
Waiting for the next catalyst to drive the price higher.
Looking at the chart we can see some buying interest with huge volume transacted on certain day which is rather interesting!
Will it repeat the same price patterns!
We will know the answer in next few trading sessions!
Pls dyodd.
Nibbled a bit at 0.801. Nice yield of about 6.5%!
Chart wise, she is slowly recovering from the low of 0.73+ looks rather positive!
Pls dyodd.
NikkoAM-STC Asia REIT ETF (CFA.SI) - She is yielding 6.49% at 0.801, Quarterly dividend, I think is a good yield level to take note!
It covers most of the index reit like CapitaLand Integrated Commercial Trust, CapitaLand Ascendas REIT, Mapletree Ind Tr, Mapletree Logistics Trust, Frasers L&C Tr etc.
Chart wise, it has managed to bounce-off from the low of 73.6 cents and closed well at 0.802, looks rather bullish!
If this bullish momentum continue we may likely see her rising up further towards 90 cents and above.
Not a call to buy or sell!
Please dyodd.
SATS - She is gaining strength likely to rise up to reclaim 2.99 again, looks rather bullish! A nice breakout of 3.00 smoothly may likely s...