KIT

 First Half results will be out on 26th July 2023, dividend is coming , awesome!

Wonder will there be any increase in dividend payout!

Pls dyodd.

 Keppel Infrastructure Trust (KIT) is the largest diversified business trust listed in Singapore with approximately $7.3 billion in assets under management.

The Trust was constituted on 5 January 2007 under the laws of the Republic of Singapore and registered with the Monetary Authority of Singapore (registration number 2007001).

KIT’s portfolio comprises strategic businesses and assets in the three core segments of Energy Transition, Environmental Services, and Distribution & Storage. These businesses and assets provide essential products and services across a broad range of industries; and generate regular and resilient cash flows, with potential for growth that is supported by favourable long-term market dynamics and demand. This is in line with KIT’s long-term goal of delivering sustainable and growing returns to Unitholders, through a combination of recurring distributions and capital appreciation.

Keppel Infrastructure Fund Management Pte Ltd (KIFM) is the Trustee-Manager of KIT. KIFM is a wholly-owned subsidiary of Keppel Capital, a premier asset manager with a diversified portfolio in real estate, infrastructure, data centres and alternative assets in key global markets.

Keppel Infrastructure Holdings Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation Limited, is the Sponsor of KIT.

Business: Sole producer and retailer of piped town gas, and green energy solutions provider
Customer: Approximately 886,000 residential, commercial and industrial customers

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With a long heritage of 160 years as Singapore’s sole provider of piped town gas, City Gas has transformed into City Energy to provide innovative green energy solutions that meet the needs of a growing city. City Energy produces and distributes piped town gas safely and reliably to approximately 886,000 residents, commercial and industrial customers islandwide, while offering low-carbon, IoT-enabled home solutions and electric vehicle charging services through City Energy Life and City Energy Go. To reduce carbon emissions, City Energy is also exploring green hydrogen as part of town gas production.

City Energy’s facility in Singapore, Senoko Gasworks, has a production capacity of 1.6 million m3 per day. As the only facility producing town gas in Singapore, Senoko Gasworks generates town gas using three continuous reforming plants and five cyclic reforming plants, each with a production capacity of 200,000 m3 per day. The plants are equipped to use both natural gas and light virgin naphtha as feedstock. The town gas produced can either be stored in two spherical gasholders or sent out through the distribution network to customers. Every day, gas production is monitored, controlled and directed 24 hours a day from a central control room. At the heart of the central control room is a fully automated distribution control system. The computerised distribution control system enables the experienced plant controllers to operate, monitor and oversee the gas production and ancillary plant. 

Business: 2,310 tonnes/day waste incineration concession
Customer: NEA, Singapore’s national environment agency
Contract Terms: 15 years till 2024
Operations & Maintenance Operator: Keppel Seghers

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Senoko Waste-to-Energy Plant (Senoko WTE Plant) is the third waste incineration plant built in Singapore and is one of four incineration plants currently operating. It was commissioned in 1992 with a land area of 7.5 ha.

Senoko WTE Plant is equipped with six incinerator-boiler units with two condensing turbine-generators offering a power generation capacity of 2 x 28 MW. Waste incineration is carried out at the plant 24 hours a day throughout the year.

Senoko WTE Plant underwent a flue gas treatment system upgrade in June 2012, which was completed within the contracted timeframe and budget, and with an accident-free safety record.

On 26 September 2014, the trust entered into an agreement with NEA to progressively increase the contracted incineration capacity of the plant by up to 10% from 2,100 tonnes per day to 2,310 tonnes per day between July 2015 and September 2016. The capacity payments from NEA were correspondingly increased with the completion of each incineration unit upgrade, with the sixth and final unit upgrade being completed with effect from 1 September 2016.

Following the decommissioning

of Ulu Pandan Incineration Plant by the Singapore government in August 2009, Senoko WTE Plant became the only waste incineration plant located in the northern part of Singapore. The plant is also the only waste incineration facility located outside of the Tuas area (which is in the western part of Singapore) and this positions it to serve the eastern, northern and central areas of the country.

Business: Industrial infrastructure business supplying key water treatment chemicals, industrial and specialty chemicals
Customer: Over 8,000 customers comprising municipals and blue-chip companies

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Ixom is a leading industrial infrastructure business in Australia and New Zealand, that provides specialised source water, water and wastewater treatment solutions critical to a clean water supply. Ixom is also a supplier of essential chemical products and solutions for a range of industries.

In Australia, Ixom is the sole manufacturer and provider of liquefied chlorine, as well as the leading provider of manufactured caustic soda. The group is also one of the largest bulk and packaged chemical distribution businesses in Australia and New Zealand. The chemicals manufactured and distributed by Ixom are fundamental components used in a range of industries including the water treatment, dairy and agriculture, mining, construction and nickel refining sectors, most of which have favourable demand outlooks.

Ixom is supported by about 1,000 employees and its business is underpinned by the extensive scale and strategic locale of its assets, facilities and distribution network, which are in close proximity to key ports and customers. The locations of its assets and facilities allow Ixom to benefit from lower transportation costs, while ensuring reliability and timely delivery of its products and services to its customers in a safe manner.

Yearly dividend of 3.82 cents. 

Yield is about 7.7%.

Dividend payout half yearly basis of 1.91 cents.

Chart wise,  she is slowly rising up from 0.48 to close at 0.495, looks like it is gaining strength! 

If it can cross over 

0.505 smoothly plus gd volume that may likely rise further up to test 0.525.

Next resistance level is at 0.545.

Please dyodd.

Mapletree Ind Tr

 

Mapletree Industrial Trust ("MIT") is a real estate investment trust listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. 

As at 31 March 2023, MIT's total assets under management was S$8.8 billion, which comprised 85 properties in Singapore and 56 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd). MIT's property portfolio includes Data Centres, Hi-Tech Buildings, Business Park Buildings, Flatted Factories, Stack-up/Ramp-up Buildings and Light Industrial Buildings.

MIT is managed by Mapletree Industrial Trust Management Ltd. and sponsored by Mapletree Investments Pte Ltd.

NAV is about 1.8653.

Yearly dividend of about 13.4 cents.

Yield is about 6% at 2.21.

Occupancy rate is 94.9%.

Gearing 37.4%.

The recent Private placement of 204.8m for the acquisition of data centre in Japan,Osaka. Looks like dpu is accretive! 

Looks like gd price is back!

Not a call to buy or sell!

Please dyodd.

Sembcorp Ind

 Sembcorp Industries (Sembcorp) is a leading energy and urban solutions provider, driven by its purpose to do good and play its part in building a sustainable future.

Headquartered in Singapore, Sembcorp leverages its sector expertise and global track record to deliver innovative solutions that support the energy transition and sustainable development. By focusing on growing its Renewables and Integrated Urban Solutions businesses, it aims to transform its portfolio towards a greener future and be a leading provider of sustainable solutions.

Sembcorp has a balanced energy portfolio of 18.5GW, with 11.0GW of gross renewable energy capacity comprising solar, wind and energy storage globally. The company also has a proven track record of transforming raw land into sustainable urban developments, with a project portfolio spanning over 12,000 hectares across Asia.

Sembcorp is listed on the main board of the Singapore Exchange. It is a constituent stock of the Straits Times Index and sustainability indices including the FTSE4Good Index and the iEdge SG ESG indices.

Renewable Energy

At Sembcorp, we are committed to transforming our portfolio from brown to green to support the global energy transition. 

With a gross renewable energy capacity of 11.0GW installed and under development, our renewable energy portfolio comprises wind, solar and energy storage in our focus markets, and we continue to target growth in this sector.

To help our partners on their own decarbonisation goals, our carbon management business, GoNetZeroTM, provides one-stop access to renewable energy and carbon management solutions, including high quality and verified renewable energy certificates and carbon credits.

Conventional Energy

Present in: Bangladesh, China, Myanmar, Oman, Singapore, UAE, UK and Vietnam​

As an established power player with 7.4GW of conventional power capacity in key markets, we provide reliable energy to industries and communities, ensuring quality of life and economic development in the countries we operate in.

Our competitive edge lies in our global track record as an originator, owner or investor, operator and optimiser of energy assets with strong operational, management and technical capabilities. We have proven capabilities operating gas-fired power plants with technology for greater efficiency and lower emissions, including combined cycle gas turbines, as well as combined power and desalination.

We also offer a wide variety of gas and gas-related services such as gas sourcing, importation and trading. As Singapore's first commercial importer and retailer of piped natural gas, we are also its largest player in the natural gas market. In addition, we provide customers access to a global portfolio of liquefied natural gas (LNG) sources as an importer of LNG for Singapore.

The megatrends of decarbonisation, urbanisation and electrification are continuing to shape our world. At Sembcorp, we are driven by a clear purpose to play our part in building a sustainable future. With our strategy fully anchored in this purpose, sustainability is front and centre of all that we do. It is our business.

Chart wise,  bullish mode!

She had a good running up from 3.00 to current price of 5.75.

I think price has run ahead of its future earnings potential looks rather over extended! Too much hype and analyst upgrading plus new contracts winning. 

Short term wise,  I think likely to see some profit takings/correction!

Please dyodd.

Our vision is to be a leading provider of sustainable solutions. We aim to transform our portfolio from brown to green, by focusing on growing our renewables and integrated urban solutions businesses. To support the global energy transition and sustainable development, we target to grow Group net profit contribution from sustainable solutions to 70% by 2025.

Dyna-Mac

 Dyna-Mac is a global leader in the design and construction of Modules for the Hydrocarbons industry. We undertake the design, detailed engineering, fabrication and construction of offshore topside modules for FPSOs (floating production storage and offloading vessels), FSOs (floating storage and offloading vessels), FLNGs (floating liquefied natural gas vessels), FSRUs (floating storage and regasification units) and Fixed Platforms, as well as onshore petrochemical, chemical and refinery plants and other subsea products for the Hydrocar

bons industry.

Listed on SGX Mainboard and headquartered in Singapore, Dyna-Mac also has strategic partnership presence in Malaysia, Indonesia, China and The Philippines. Dyna-Mac’s global project experiences span across different parts of the world serving major International and National Companies.

Our state-of-the-art yard facilities enable us to fabricate complete modules on-site, ready to be shipped to location

Listed on Singapore Stock Exchange (SGX) Mainboard, Dyna-Mac’s headquarter is in Singapore and has global partnership presence in many countries worldwide. Since inception in 1990, Dyna-Mac over the years has grown into an established Engineering, Procurement and Construction (EPC) contractor and Modules Specialist, successfully completing international projects across different parts of the world serving the major International and National Energy companies.

Over 30 years of experience in the market and successful delivery of more than 300 modules is a good testament of Dyna-Mac’s expertise and capabilities. To date, Dyna-Mac has executed a total of 310 modules, 28 skids and 49 PARs. The heaviest total topside weights for a single project was over 18,000 T. Dyna-Mac has also fabricated FPSO Turrets weighing more than 8,500 T and Semi-Sub hull of weight 12,700 T.

Our in-depth expertise, extensive experience and state-of-the art facilities supported by strong management and dedicated professionals have helped us in delivering projects successfully beyond our clients’ expectations.

Dyna-Mac has two fabrication yards in Singapore (Gul Yard and Pandan Yard) which have a total land area of over 140,000 square meters. Our Gul Yard has a ground load-bearing capacity of 50 metric tons per square metre with a waterfront shoreline of over 300 metres and water depths of up to 7.8 metres at datum. Our Pandan Yard houses the exotic material piping workshop where duplex and super duplex welding works are being carried out in a highly automated and strict climate-controlled environment. With our robust fabrication process and stringent controls in the quality management, we have consistently achieved close to zero defects in all our exotic pipe weldings.

Dyna-Mac has expanded our global footprint to execute larger and more complex projects through strategic collaborations and/or joint ventures with reputed international engineering companies and other overseas yards in Malaysia, Indonesia, China and The Philippines.

Dyna-Mac has consistently achieved excellent safety records for our projects through effective HSE policies and practices supported by our senior management commitments. It is in Dyna-Mac’s vision and core value to achieve Zero Harm to people, property and the environment.

Being ISO accredited, Dyna-Mac maintains and implements continual improvement to its safety and quality management in training, documentation and process methodology. Dyna-Mac enjoys an established reputation as a reliable EPC provider and Module Specialist with a strong and global base of repeat customers and our ability in serving new customers.

Chart wise,  bullish mode!

Likely to continue to trend higher!

Short term wise  I think likely to reclaim 0.39 !

A nice breakout accompanied with good volume that may likely drive the price higher towards 0.45 then 0.50.

Please dyodd.

Ocbc

 She is due to report her 1st half results on 4th August 2023  before trading commence. 

All eyes will be anxious to see if there is an increase in the interim dividend of 0.28 .

Yearly dividend of 0.40 + 0.28 = 0.68.

Yield is 5.5% based on current price of 12.28.

P/B is about 1.08x.

I would say the yield is gd for our local bank! In the way, it is much better than the reit which is paying out 90 - 100% based on their distribution income. Whereas bank, only pay out less than 50% of their net income.  A vast difference between the two! 

Which one is better you decide!

Quote : Bloomberg.com 

Bank stocks notched their first monthly gain since before the collapse of Silicon Valley Bank in March after passing the Federal Reserve’s stress test. 

Chart wise, bearish mode!

It will need to overcome the resistance at about 12.40. 

A nice crossing over of 12.40 plus gd volume we may likely see her rising up towards 12.80 level.

Not a call to buy or sell.

Please dyodd. 

CapLand India trust

 Preferential Offering of share at 1.06 per unit.

PO exercise date from 30th June to 10th July

 5.30pm.

Every 1000 share you are entitled 119 unit of share. 

If you hold 5000 share, you are eligible to apply for 547 unit at 1.06 per share. 

You may choose to apply together with excess to make it an even lot number for example 600 share or 1000 share. 

The new share will be credited to your account on 18 July 2023.

Good luck!

Please dyodd.

Chart wise,  bullish mode!

Likely to continue to trend higher!

Short term wise,  a nice breakout of 1.14 smoothly may likely see her rising up to test 1.21.

Yearly dividend of about 8.3 cents.

Yield is about 7.28%

NAV 1.08.

CapitaLand India Trust (CLINT), formerly known as Ascendas India Trust, was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia. Its principal objective is to own income-producing real estate used primarily as business space in India. CLINT may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of holding the properties upon completion. As at 12 May 2023, CLINT’s assets under management stand at S$2.7 billion.

CLINT’s portfolio includes nine world-class IT business parks, one logistics park, one industrial facility and four data centre developments in India, with total completed floor area of 19.2 million square feet spread across Bangalore, Chennai, Hyderabad, Pune and Mumbai. CLINT is focused on capitalising on the fast-growing IT industry and industrial/logistics asset classes in India, as well as proactively diversifying into other new economy asset class such as data centres. 

CLINT is structured as a business trust, offering stable income distributions similar to a real estate investment trust. CLINT focuses on enhancing shareholder value by actively managing existing properties, developing vacant land in its portfolio, and acquiring new properties.

CLINT is managed by CapitaLand India Trust Management Pte. Ltd., formerly known as Ascendas Property Fund Trustee Pte. Ltd. The trustee-manager is a wholly owned subsidiary of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asia foothold.    

IT Parks

Our business parks offer a distinct business lifestyle where convenience and comfort meet productivity. Lush greenery and modern architecture create an exciting landscape that inspires knowledge workers, while an impressive array of amenities is designed to enhance the working experience. From sports, medical and childcare facilities to restaurants and cafes, our thoughtfully curated range of services cater to all professional needs. We have also seamlessly integrated technology and sustainable practices throughout our parks, from energy-efficient buildings to smart infrastructure, minimizing our environmental impact while maximizing efficiency.

Data Centres

We are developing 4 data centres in India’s key data centre markets – Navi Mumbai, Hyderabad, Chennai, and Bangalore. As at second quarter 2023, construction of the data centres in Navi Mumbai and Hyderabad have commenced. When fully developed, the four state-of-the-art data centres will deliver a total power capacity of 244 MW. Our data centres adopt sustainable design principles and green building standards, including features such as intelligent energy management systems, solar panels, and highly efficient cooling systems using low global warming potential refrigerant. 

Industrial/Logistics Facilities

Our industrial facility is a premier Grade A asset, fully leased to a multinational electronics manufacturer. It is situated in Mahindra World City, a renowned industrial micro-market known for its blue-chip occupants.

Our logistics asset consists of seven modern and high-quality warehouses ensuring efficient and seamless logistics operations. It is situated in Panvel, a well-established and strategic warehousing zone that provides convenient access to India's largest container port, the Jawaharlal Nehru Port Trust.

Mapletree Log

 TA wise, she is still quite weak! 

Need to reclaim 1.67 in order to reverse this

 downtrend and rises higher!

Yield is quite gd at 5.5%.

Pls dyodd. 

  Chart wise, she has managed to bounced off from the low of 1.62 and closed higher at 1.67 looks rather bullish!

Short term wise, with rate hike likely pause in June reit may get lifted! I think likely to rise upbto test 1.70! 

A nice breakout smoothly plus high volume that may likely drive the price higher towards 1.80 and beyond!

Yearly dpu of 9 cents, yield is 5.4% of which I think is quite good! 

Gearing is below 40%. Market cap is about 8.225b. 

Pls dyodd.

Mapletree Logistics Trust (“MLT”) is Singapore’s first Asia-focused logistics real estate investment trust. Listed on the Singapore Exchange Securities Trading Limited in 2005, MLT invests in a diversified portfolio of quality, well-located, income producing logistics real estate in Singapore, Hong Kong SAR, Japan, China, Australia, South Korea, Malaysia, Vietnam and India.

The Manager, Mapletree Logistics Trust Management Ltd., is committed to providing Unitholders with competitive

total returns through the following strategies:

1. optimising organic growth and hence, property yield from the existing portfolio; 
2. making yield accretive acquisitions of good quality logistics properties; and
3. managing capital to maintain MLT’s strong balance sheet and provide financial flexibility for growth.

Recent acquisition of 6 logistics assets in Japan and a logistics assets in Korea.  

Portfolio Overview

Our properties, built to modern building specifications, are strategically located near to major expressways and established logistics clusters in nine geographic markets across Asia Pacific.

Daiwa Hse Log

 Lai ah, jiak! Nom Nom!

She is hovering near the 0.61 price level looks rather positive and may likely cross over smoothly! 

Next, we can see her rising up to test 0.645-0.655.

Pls add dyodd.

 

 Wah, breakout of 0.60 , awesome!

Short term wise, I think she is rising up to test 0.65 then 0.70-0.71.

Huat ah! Please dyodd.

 Chart wise,  bullish mode!

A nice breaking out of 0.595 plus high volume she may likely rise up to test 0.65. 

Yearly dividend of 5.22 cents.  Yield is 8.8%. Low gearing,  wale is 6.9 years. I think it is trading at a great value price level of 0.59.

Not a call to buy or sell!

Pls dyodd.

 Daiwa House Logistics Trust (DHLT) is a Singapore real estate investment trust (REIT) listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The REIT is established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing logistics and industrial real estate assets located across Asia. DHLT’s investment focus will be to invest in logistics and industrial real estate assets in Asia, in particular, within Japan as well as in the ASEAN region.

DHLT’s key objectives are to provide Unitholders with regular and stable distributions, and to achieve long-term growth in DPU and net asset value per Unit, while maintaining an optimal capital structure and strengthening the portfolio in scale and quality.

DHLT is managed by Daiwa House Asset Management Asia Pte. Ltd., a wholly-owned subsidiary of the Sponsor, Daiwa House Industry Co., Ltd., a leading real estate player in Japan.

Occupancy % rate of 98.6. Gearing 36.2%. Wale 6.9 years. First quarter Distributable Income increased 2.5% to 9.1m. 

Yearly dividend of 5.22 cents( half yearly basis ) . Yield is 9% base on current price of 0.58.

NAV of 0.77 . 

It looks like a gem for this Logistics reit focusing in Japan of which was being sold down due to high interest rate situation. 

I think gd value is presenting at the current price level!

Pls dyodd.