SingTel - A nice rebound from the low of 2.25 and closed well at 2.47, looks rather positive!

SingTel  - A nice rebound from the low of 2.25 and closed well at 2.47, looks rather positive! 

Short term wise,  A nice breakout of 2.48 smoothly may likely see her rising up to cover u0 the Gp at 2.61. 

Pls dyodd.

She has managed to close above the resistance at 2.30, looks rather positive!

I think some buying activities after she went Ex.dividend plus the latest news of Optus chief resignation!

This might be a good opportunity coming back!

Pls dyodd.

9th November Update: 

Sing1Tel  - 1st Half Results is up! Underlying Net Profit is up 12 percent to 1,121m, interim dividend increase 13% to 5.2 cents, Awesome!

XD 17 November.  Pay date  8th December. 

Cash on hand 2.6b.

I think a gd sets of financial results!

Huat ah!

At 2.36, yield is about 4.49%.

Not a call to buy or sell!

Please dyodd.

Chart wise,  looks bullish!

If she is able to clear the resistance at 2.40 smoothly we may likely see her rising up to test 2.52 then 2.60.

Yearly dividend of about 10 cents. 

Yield is about 4.16%. I think is not bad! 

Please dyodd.

Good news : 18th Sept 2023 -  Singtel to sell 20% stake in regional data centre business to KKR for S$1.1 billion   Mon, Sep 18, 2023 · 8:22 am

KKR will commit up to S$1.1 billion for a 20 per cent stake in Singtel’s regional data centre business.
On Monday (Sep 18), a fund managed by KKR, Stellar Asia Holdings II, entered into an agreement with Singtel for the investment in ST Dynamo Investment, the holding company for Singtel’s regional data centre (RDC) business.
This investment puts the enterprise value of Singtel’s overall RDC business at S$5.5 billion. KKR will, however, have the option to increase its stake to 25 per cent by 2027 at the pre-agreed valuation......

Special dividend of 2.5 cents will be paid out on 17th August,  swee! Xd 2nd August.

https://links.sgx.com/1.0.0/corporate-announcements/LIRD90E9O5A39T0P/e96c9dc4c37f0569a65bf50cc5b26476afffc05d07462b97a446d720b9c8f70f

XD 2nd Aug . Final dividend of 5.3 cents . The special dividend of 2.5 cents Hopefully it may get payout together with the final dividend!

We will know after the AGM.

Please dyodd.

Singapore Telecommunications (Singtel) is a telecommunications group offering a wide range of services such as mobile, data and internet services, as well as info-communications technology and pay-television.

Full Year results at a glance :

Earnings were up 14% to $2.23 billion, compared to $1.95 billion a year ago. This was due to the strong performance of its core businesses, underpinned by robust mobile growth and price increases.

Mapletree PanAsia Com Tr - She has a nice breakout of 1.53 yesterday accompanied with high volume this is rather positive and we may likely see her continue to rise up towards 1.61 and above! Do take note!

 Chart wise,  bullish mode!

Yesterday ahe has a nice breakout at 1.53 and closed higher at 1.55 this is rather positive!

Short term wise,  I think she may rise up to test 1.61 than 1.70.

Pls dyodd. 

Mapletree PanAsia Com Tr  - Wow! 2 white soldiers appearing on the chart, looks like Big Boys are scooping up, plus huge volume likely to continue to rise higher! Dont miss out!

chart wise,  bullish mode!

Likely to rise up to test 1.54.

A nice crossing over smoothly we may see her rising up to test 1.60.

Pls dyodd.

— 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.

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!

  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: 

 

Update : Paragon REIT - She has a nice breakout of 87 cents and closed higher at 87.5 this is rather positive! Short term wise, I think she is rising up to test 90 cents soon!

Chart wise,  bullish mode!

She has managed to cross over the recent high of 87 cents and closed well at 87.5 looks like this bullish momentum will continue and push the price higher towards 90 than 93 cents!

They own 2 of the local famous Shopping mall like Paragon and Clementi Mall. 

Yield is about 5.5% at 87m5 cents, I think is quite a decent yield level!

Pls dyodd. 

Wow! Nice uptrend mode!

She is rising up to test 90 cents than 93 cents with extension to 1.00.

Pls dyodd. 

Yesterday, closed slightly higher at 82.5 cents I think good progress and we may see further buying activities!

Paragon REIT  - I think reit are slowly gaining strength and likely to continue to trend higher due to interest rate has peaked and paused! Looking at the chart she is trading near the historical low and might be presenting a golden opportunity at the current price level and slowly moving back to 1.00 target price! 

Pls dyodd. 

Chart wise,  she has managed to bounce-off from 79 cents and touched the high of 85.5 cents and retracing down at 81.5-82 cents looks like a gd pivot point!

Yield is about 5.91% ay 81.5 cents.

NAV 90 cents. Gearing 30.1%. Pls dyodd. 

3rd quarter results is out! I think results is not bad! Gross Revenue is up 1.2% to 215.6m. Gearing is 30.1% and Occupancy rate is 98.1%.

No refinancing in 2.4 years time. 

Not a call to buy or sell!

Pls dyodd.

 She is due to report her 3rd quarter results on 31st October! 

Yield is about 6.05% , buay pai!

Pls dyodd.

Chart wise,  bearish mode!

I think she may go down to test 0.80.

Next support is at 0.79 and 0.725.

Pls dyodd.

 Wah, it has broken down 88 cents and closed lower at 83.5 cents, looks rather negative and may continue to trend lower! 

Today closing 1 big transactions sold down at 83.5 cents. 

I think likely to test 83 cents.

Next, 79- 80 cents is possible! 

Pls dyodd. 

 Chart wise,  bearish mode!

Today spotted big quantities selling own at 0.89 cents. Now trading at 0.885.

If 0.88 cannot hold,  then we may see her going down to test 0.83 than 0.79.

yearly dividend is about 4.84 cents.

Yield is about 5.46%.

NAV 0.90.

Not a call to buy or sell!

Please dyodd.

Corporate Profile

PARAGON REIT, formerly known as SPH REIT, is a Singapore-based real estate investment trust established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets.

PARAGON REIT was listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 24 July 2013 and is sponsored by Cuscaden Peak Investments Private Limited ("CPIPL" or the "Sponsor"), a wholly owned subsidiary of Cuscaden Peak Pte. Ltd., a consortium made up of three shareholders - Hotel Properties Limited; Mapletree Investments Pte.Ltd., and CLA Real Estate Holdings Pte.Ltd.

As at 31 August 2021, PARAGON REIT’s portfolio comprises five quality and well-located commercial properties in Singapore and Australia. The three properties in Singapore total up to 962,955 sq ft Net Lettable Area (“NLA”) with an aggregate value of S$3.3 billion, whereas the two properties in Australia have an aggregate Gross Lettable Area (“GLA”) of 1,721,801 sq ft, and an aggregate value of A$840.5 million.

Singapore

• Paragon, a premier upscale retail mall and medical suite/office property, is located in the heart of Orchard Road, Singapore’s most famous shopping and tourist precinct. Paragon consists of a 6-storey retail podium and one basement level with 494,442 sq ft of retail NLA (“Paragon Retail”), with a 14-storey tower and another 3-storey tower sitting on top of the retail podium with a total of 223,098 sq ft of medical suites/offices NLA (“Paragon Medical”). It is a 99-year leasehold interest that commenced on 24 July 2013.
• The Clementi Mall, a mid-market suburban mall located in the centre of Clementi town, an established residential estate in the west of Singapore. The retail mall, which also houses a public library, is part of an integrated mixed-use development that includes Housing Development Board (“HDB”) residential blocks and a bus interchange. The property is also directly connected to the Clementi mass rapid transit (“MRT”) station. The Clementi Mall consists of a 5-storey retail podium and one basement level with approximately 195,782 sq ft of retail NLA. It is a 99-year leasehold interest that commenced on 31 August 2010.
• The Rail Mall, a retail strip with a 360-metre prominent road frontage to Upper Bukit Timah Road, an affluent residential neighbourhood and an F&B-dining destination. It is easily accessible via a network of public bus and MRT services through the Downtown Line (“DTL”). Accessibility is further enhanced by its proximity to the island’s major expressways including Bukit Timah Expressway (“BKE”) and Pan Island Expressway (“PIE”). One of the key access points to the Rail Corridor, a popular nature trail, is adjacent to The Rail Mall. The Rail Mall comprises 43 single-storey shop units with a total NLA of 49,882 sq ft. It is a 99-year leasehold interest that commenced on 18 March 1947.

Australia

• Westfield Marion, the largest and only super regional shopping centre in South Australia. It is strategically located in Adelaide, approximately 10 km south-west from Adelaide’s Central Business District (“CBD”). It is in a highly accessible location bound by three major thoroughfares and arterial roads in Diagonal Road, Sturt Road, and Morphett Road, extending its access to shoppers beyond its usual catchment. Westfield Marion is also located next to the Oaklands Train Station, connecting it with Adelaide’s CBD and the southern coastline via multiple train lines. The freehold property sits on a land parcel of approximately 2.5 million sq ft, with approximately 1,495,132 sq ft of Gross Lettable Area (“GLA”). PARAGON REIT has a 50.0% stake in ownership.
• Figtree Grove, an established sub-regional shopping centre located in New South Wales. It is approximately 3 km south-west of Wollongong and approximately 85 km south-west of Sydney CBD. The property is situated at the north-eastern corner of the Princes Highway and The Avenue – major thoroughfares which carry traffic between Wollongong CBD and the wider Wollongong area. The property sits on a freehold land area of approximately 547,883 sq ft and has a total GLA of approximately 236,614 sq ft with 940 carpark lots. PARAGON REIT has an 85.0% stake in ownership.