Ocbc Bank - Chart wise, bearish mode! If 12.68 cannot hold we may likely see her go further down to revist 12.40 than 12.19.

 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!

I think likely to go down to revist 12.00 than 11.80.

Please dyodd.

 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.

SSB - Singapore Saving Bond : Results is out! Those who applied all allotted, Awesome!

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.

  

A safe and flexible way to save for the long term!

 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.

10 years average interest rate is 2.82%. Is quite good! 

SBJUL23 GX23070H in your CDP statement
Interest payment will be reflected as CDP-SBJUL23 in your bank statement
GX23070H in your SRS statement.

A safe and flexible way to save for the long term

The monthly issuance size of the Singapore Savings Bond (SSB) programme is S$600 million for this month. For more details, refer to the media release.

 Interest rate is Based on the table rate reflected on the website.
At the end of each year, on a compounded basis.

http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

Application may apply through: DBS/POSB, OCBC and UOB ATMs and Internet Banking and SRS. CPF funds are not eligible.

Invest amount : You can invest a minimum of $500, and in multiples of $500. The total amount of Savings Bonds held across all issues cannot be more than $200,000.

Interest Payment dates : Upcoming payment: 01 Jan 2024
Subsequent payments (until maturity): Every 6 months on 01 Jul and 01 Jan

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.

Just received my interest this month, awesome! 

Keppel DC Reit - The director has bought back share at 1.71 is it a good time to say the price has become undervalue! wah, it has again fallen off the support at 1.72 and went down to test 1.69 and closed at 1.70 looks rather interesting!

 At 1.70, yield is about 5.85%.

The director has bought back some share at 1.71 on 26th October. It might a an indication good price is here! 

 Last Friday,  it has broken down the support at 1.80 and closed lower at 1.72 looks like BEAR is in control!

At this rate of falling,  it may go down to test 1.59 again!

NAV 1.39. If 1.59 cannot hold then we may see her going further down to test 1.50 than 1.40 with extension to 1. 31.

Pls dyodd.

 Yesterday,  it has broken down the support at 1.90 and went further down to test 1.79 before closing at 1.82. The volume is high indicating there are more seller than buyers.

Short term wise,  if 1.80 cannot hold, next, we may see her going down tobtest 1.75 than 1.70 with extension to 1.59.

At 1.81, yield is about 5.46%. At least it is closing up the different in yield with most of the index reit  

Pls dyodd.

Indeed,  she has broken down the support at 1.98 after the 3rd quarter results released! I think market in not in favor of this set if financial numbers judging from the selling off down 11 cents to close at 1.90.

NAV is 1.39.

P/B is 1.44.

If the support at 1.89 cannot hold,  she mat likely go down to test 1.80 than 1.75 with extension to 1.60.

Pls dyodd.

DPU) of 2.492 cents for the 3QFY2023 ended Sept 30, a 3.6% decrease from the same period a year ago. 

‌

9MFY2023 of 7.543 cents is lowered than last year DPU of 7.634 cents. 

‌

For the three-month period, distributable income dropped by 6.5% y-o-y to $43.9 million. The REIT says that this is mainly due to higher finance costs and less favorable forex hedges, which were partially offset by higher finance income and tax savings. Its 9MFY2023 distributable income stands at $135 million, 2.1% lower y-o-y.

Yield is about 5% at 1.99.

I think a good pivot point might be at 1.81 about 5.5% yield! 

Chart wise, bearish mode! 

Immediate support is at 1.98.

Next support is at 1.90-1.91.

If 1.90 cannot hold,  we may likely see her going down to revisit 1.80 than 1.75.

Not a call to buy or sell!

Pls dyodd.

Mapletree PanAsia Com Tr - 2nd quarter results is out! Gross Revenue and NPI is up. DPU is up 2.8% to 2.24 cents as compared to last quarter! I can see Revenue is improving!

 — gross revenue and NPI both gained 10.1% and 8.7% YOY for 2Q24

— DPU down 8.2% YOY to 2.24 cents

— portfolio occupancy 96.3%

— gearing 40.7% with 79.9% debt on fixed

— Stable financial performance: Singapore drove growth with better performance while largely stable contributions from overseas properties were weighed down by stronger SGD

— Festival Walk: Sustained revenue supported by near full occupancy, shopper and tenant sales recovery, and continued progress towards rental stabilisation

 

. 

Mapletree Pan Asia Commercial Trust (“MPACT”) is a real estate investment trust (“REIT”) positioned to be the proxy to key gateway markets of Asia. Listed on the Singapore Exchange Securities Limited (“SGX-ST”), it made its public market debut as Mapletree Commercial Trust on 27 April 2011 and was renamed MPACT on 3 August 2022 following the merger with Mapletree North Asia Commercial Trust.

Its principal investment objective is to invest on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, as well as real estate-related assets, in the key gateway markets of Asia (including but not limited to Singapore, China, Hong Kong¹, Japan and South Korea).

MPACT’s portfolio comprises 18 commercial properties across five key gateway markets of Asia – five in Singapore, one in Hong Kong, two in China, nine in Japan and one in South Korea. They have a total NLA of 11.0 million square feet and valued at S$17.1 billion. 

Within Singapore, they are:

• VivoCity – Singapore’s largest mall located in the HarbourFront Precinct;
• Mapletree Business City (“MBC”) – a large-scale integrated office, business park and retail complex with Grade A building specifications, supported by ancillary retail space, located in the Alexandra Precinct;
• mTower – an established integrated development with a 40-storey office block and a three-storey retail centre, Alexandra Retail Centre (“ARC”), located in the Alexandra Precinct;
• Mapletree Anson – a 19-storey premium office building located in the Central Business District (“CBD”); and
• Bank of America HarbourFront (“BOAHF”) – A premium six-storey office building located in the HarbourFront Precinct.

Outside Singapore, they are:

• Festival Walk, Hong Kong – a landmark territorial retail mall with an office component;
• Gateway Plaza, China – a Grade A office building with a podium area in Lufthansa sub-market within Beijing;
• Sandhill Plaza, China – a Grade A business park development in Zhangjiang Science City, a key business and innovation hub in Pudong, Shanghai;
• Japan Properties – nine freehold properties comprising five office buildings in Tokyo (IXINAL Monzen-nakacho Building, Higashi-nihonbashi 1-chome Building, TS Ikebukuro Building, Omori Prime Building and Hewlett-Packard Japan Headquarters Building); an office building in Yokohama (ABAS Shin-Yokohama Building) and three office buildings in Chiba (SII Makuhari Building, Fujitsu Makuhari Building and mBAY POINT Makuhari); and
• The Pinnacle Gangnam, South Korea – a freehold Grade A office building with retail amenities located in Gangnam Business District, Seoul.

MPACT is one of the three REITs sponsored by Mapletree Investments Pte Ltd (“MIPL” or the “Sponsor”), a leading real estate development, investment, capital and property management company headquartered in Singapore.

MPACT is managed by MPACT Management Ltd. (“MPACTM” or the “Manager”), a wholly-owned subsidiary of MIPL. The Manager aims to provide unitholders of MPACT (“Unitholders”) with a relatively attractive rate of return on their investment through regular and steady distributions, and to achieve long-term stability in Distribution per Unit (“DPU”) and Net Asset Value (“NAV”) per Unit, while maintaining an appropriate capital structure for MPACT.

2022 FY Financial results:

MPACT Achieves 65.4% and 62.6% Growth in FY22/23 Gross Revenue and Net Property Income

Full-year distribution per unit (“DPU”) totalled 9.61 Singapore cents.

Boosted by contribution from properties acquired through the merger1.

Better performance of core assets, VivoCity and Mapletree Business City (“MBC”), cushioned higher utility and finance costs in FY22/23. 

Positive rental reversion recorded by all markets except Greater China.

VivoCity’s full-year tenant sales set new record at over S$1 billion, and asset enhancement initiative (“AEI”) on Level 1 on track for opening from end-May 2023.

Improvement in shopper traffic and tenant sales at Festival Walk with the lifting of COVID measures and reopening of border with Mainland China.

Successfully renewed major leases at Bank of America HarbourFront, Festival Walk, Gateway Plaza and MBC during the year, adding to portfolio resilience.

Sheng Siong - 3rd quarter results is out! Net profit is up 5.7% to 34.8m I think results is ok!

Chart wise,  bearish mode! 

Hopefully,  we may see a nice reversal and push the price back above 1.52. 

Next week, the Sheng Siong Show is back hopefully we may see price get lifted up again! 

Pls dyodd.

 3rd quarter results is out!

Total Revenue is up 3.7% to 345.8m.

EPS is up 5.9% to 2.31 cents. 

Net profit margin increase to 10.1 %.

I think the results is OK. 

Likely to see the same dividend r hogher declared for last year.

Yield is about 4.17% at 1.48 cents 

Pls dyodd.

 I think boat is back! At 1.52, yield is about 4%, awesome! 

Pls dyodd.

 I think good price is back! Their annual dividend of about 6.12 cents ( interim + final) is sustainable as it is able to grow their revenue from their businesses even during inflation.  Their outlet mainly located near the neighborhood housing development board flats where 80% of local are staying/owning. 

Their expansion plan is to add new stores in new hdb flats development area. They also venture out into China. 

At 1.53, yield is about 4% of which I think is quite a good yield level for selling essential household products.

Their track records for past 10 years has been rather positive as it is able to increase the dividend payout from 4 cents to 6.1 cents. 

She is trading near the strong support at 1.52.

Not a call to buy or sell!

Please dyodd.

Established in 1985 and listed on the Mainboard of the Singapore Exchange (SGX) in 2011, we are one of Singapore’s top retailers with over S$1.34 billion in annual sales revenue (FY2022). As of 2022, we operate in more than 65 locations across Singapore. With a current market capitalisation exceeding S$1.8 billion, Sheng Siong Group Ltd is one of the largest listed companies on the SGX.

At Sheng Siong, we strive to create value for our shareholders sustainably. In this section you will find all you need to know about our performance as a business.