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For trading, be firmed in executing your stop loss strategy. Also don’t be too eager to take profit to early. Let your profit run.
For Investing it is good to read up and educate yourself to know the basic financial analysis. Learn how to identify good company to invest . Pick those company/counter that you are familiar with their business.
SingTel - FY results is out! Underlying net profit is up 10 percent to 2.28b.Net profit is down 64 pecent to 795m due to non-cash impairment provision! Dividend is up 52 percents to 15 cents for Y 2023 , solid.
Final dividend of 6 cents. Plus 3.8 cents realization value gain. Will be paid out in Aug and December 2024.
Strong balance sheet with Cash Balance of 4.68b.
XD 1st August.
Pay date 20th Aug.
Pls dyodd.
SingTel - Tomorrow she will be reporting her 1st Half results, likely to see a lower profit due to the provision of non-cash impairment of 3.1b. Hopefully, things will get sorted out!
Will they be maintaining the same dividend of 5.3 cents being paid out for last year!
Price will likely be under pressure due to the impending court case for Optus mobile in Australia.
SingTel - Tomorrow she will be reporting her 1st Half results, likely to see a lower profit due to the provision of non-cash impairment of 3.1b. Hopefully, things will get sorted out!
Will they be maintaining the same dividend of 5.3 cents being paid out for last year!
Price will likely be under pressure due to the impending court case for Optus mobile in Australia.
Venture Corporation - Hosey! She has manged to climb higher and closed well at 14.23, almost approaching the recent high of 14.74 if you add back the dividend of 50 cents. Looks rather bullish! Likely to continue to trend higher!
Today , dividend just credited to bank account, awesome!
Not a call to buy or sell!
Pls dyodd.
Venture Corporation - After went ex.dividend a few days ago, it has managed to recover and slowly climbing up to cover the Gapped at 14.12.
Crossing over 14.12 smoothly plus good volume she may likely continue to rise up further to test 14.50 than 14.74!
UMS - She is slowly recovering from the low of 1.04. Trading at 1.10, seem like some buying activities is happening now!
Likely to test 1.11-1.12 soon.
Pls dyodd.
She is hovering near the support at 1.05. Nibbled a bit at 1.05. Yield is more than 5.1% seem quite a decent yield level!
The director bought back 250,000 share at 1.15+ on 13th May 2024.
Pls dyodd.
UMS - After the releasing of the 1st quarter results, it looks like market doesn't like the latest financial numbers and the price was being sold down 21 cents to close at 1.11. I think likely to go further down to test 1.00.
Breaking down of 1.00 would likely see her going down to revisit 86 cents.
Pls dyodd.
UMS - 1st quarter results update is out! Net profit sink 44 percent to 9.8m versus 17.4m last year! Gross Revenue is down 33 percent to 54m versus 80m .
EPS is down quite a lot to 1.41 cents versus 2.52 cents. Interim dividend increased from 1 cents to 1.1 cents! Still can afford to raise the interim dividend!!Do take note!
Chart wise, bearish mode!
When we see a topping tail candlestick which is an indication of game over!
The falling started next day!
If 1.27 cannot hold, likely to go down tovtest 1.20 than 1.10.
Yield is about 4.3% at 1.32 still not as attractive as compared to Venture Corporation!
Kep Infra Tr - I think rights issue once announced may likely see the price getting weaker!
Quote: Straits Times - KIT is considering raising up to $500 million through a placement and preferential offering, according to people with knowledge of the matter.
I think price may go below the 40 cents level. 0.33 might be a good pivot point to monitor!
From the chart we can see 55 cents was the peak level. Is a great indication to secure the profit at this level.
Income Insurance AGM - Attending the AGM at Suntec Convention center on 17th May 2024. To approve dividend plus special dividend etc.
We can sell the share on Poem platform.
Initial share price was $10.
Now is worth may be $20-$21.60.
Snack box plus plain water provided.
No voucher.
Huge crowds.
Just coming here to see how the management handled the shareholders.
Gross Revenue of 4.9b.
Assets of 4.2b.
Net loss for Y2022 - 88m.
Net profit for Y2023 was 144m.
Overall PATMI is 60.4m.
NAV is about 29.30.
No dividend payout policy. Management says , it depends on the financial performance than decide how much ro payout foe dividend. No number provided for EPS.
Wilmar Intl - Chart wise, bearish mode! The director keeps buying back share but the share price keep drifting lower! I think testing 3.07 than 2.98 soon!
Pls dyodd.
Wilmar Intl - FY 2023 results is out! 2nd Half net profit is down 27.1 percent to 989.3m versus 1264.3m last year! FY net profit is down 35.3 percent to 1566m versus 2419m.
Final dividend of 11 cents declared same as last year, i think the results is not bad!
XD 29th April.
Pls dyodd.
TA wise, bearish mode!
High probability she may go down test 3.26 than 3.23 with extension to 3.0p.
Pls dyodd.
Results is due on 21st February.
Chart wise, bearish mode!
She may likely go down to test 2.98/3.00.
Breaking down of 3.00 plus high volume she may go further down to revisit 2.80 Than 2.43.
Pls dyodd.
Wilmar Intl - She has broken down 3.38 level seem rather Negative and may likely go down to test 3.00! Do take note!
Pls dyodd.
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.
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.
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.
