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Promising Growth Amidst Strategic MovesSingtel has identified approximately S$6 billion in capital recycling through: Reducing stakes in regional associates and non-core fixed assets. Excess cash of S$2-3 billion after considering growth initiatives and 5G capex. Potential for increased core dividends towards the higher end of the 70-90% PATMI dividend policy for 2026-27. Virtual Real Dividend (VRD) payouts anticipated to be at the mid-to-upper end of 3-6 S cents per share, potentially sustained through 2026-27.
SGX:Z74
by minichartsg
pecial Dividend and $2 Billion Share BuybackSingtel has identified approximately S$6 billion in capital recycling through: Reducing stakes in regional associates and non-core fixed assets. Excess cash of S$2-3 billion after considering growth initiatives and 5G capex. Potential for increased core dividends towards the higher end of the 70-90% PATMI dividend policy for 2026-27. Virtual Real Dividend (VRD) payouts anticipated to be at the mid-to-upper end of 3-6 S cents per share, potentially sustained through 2026-27.
SGX:U11Long
by minichartsg
DBS Sell: Target $38.60This is not exactly a short idea for 2 reasons: 1. It is not that easy to short a Singapore stock, and 2. Singapore stocks don't really follow Elliott Waves principles because the stock market don't herd. So this is really saying: 1. Now is not the time to buy. Wait for better prices. 2. Lighten up if you are not an investor but more of a speculator/trader. Take note of the stop loss price. A break to new high means an extension of 5th wave although this is highly unlikely given that wave 3 (of 5) has already extended.
SGX:D05Short
by yuchaosng
Record-Breaking Revenue & Earnings - A Bright Future Ahead!Net Profit: RM30M (+55% YoY) – 12-14% above consensus estimates Earnings exceeded expectations due to higher margins in the edible & non-edible oil refinery segment and higher-than-expected interest income. Proposed Dividend: 1.8 S cents per share (total DPS: 2.7 S cents, 44.4% payout ratio). Strong demand for vegetable oils & biodiesel The global fats & oils market is projected to grow from US$257B (2023) to US$403B (2033). Increasing demand for vegetable oils (palm oil, soybean oil, rapeseed oil) benefits Oiltek. Higher biodiesel blending requirements (Malaysia B10 → B20; Indonesia B35 → B40) boost demand. Key Catalysts for Share Price Upside: Higher-than-expected order wins Better-than-expected margins due to economies of scale
SGX:HQULong
by minichartsg
GVT’s potential secondary listing on MalaysiaIn a January 6 report, Amanda Tan and Ling Lee Keng of DBS Group Research analyzed the impact of generative AI and other growth drivers on the semiconductor industry. They project semiconductor revenue to climb 30%, reaching $100.4 million in FY2025 and $130.6 million in FY2026. The analysts also emphasized GVT’s expansion into the wafer fab equipment market, which is eight times larger than the back-end semiconductor market, positioning the company for substantial growth opportunities. Looking ahead, GVT’s potential secondary listing on Malaysia’s Bursa could further elevate its market presence. With Bursa welcoming 55 new listings in 2024, GVT’s inclusion could bring additional momentum. Technical Analysis: Grand Venture underwent a prolonged consolidation below $0.60 before turning bullish upon breaking above this level. The trading buy target is set at $0.87, with mid-term targets of $0.93 and $1.06. Thank you
SGX:JLBLong
by minichartsg
Oiltek has proposed a final dividend of 1.8 centsOiltek International has announced record earnings of RM29.6 million for FY2024, marking a 55% increase. Revenue also reached a record high of RM230.3 million, reflecting a 14.5% rise from FY2023. The company's strong performance is primarily driven by its core business of constructing refineries for both edible and non-edible oil sectors. In FY2024, Oiltek secured RM207 million in new orders, bringing its total order book to RM354.9 million. As of December 31, 2024, the company maintains a healthy cash balance of RM106.1 million with zero debt. Oiltek has proposed a final dividend of 1.8 cents, bringing its total full-year payout to 2.7 cents. This represents a payout ratio of 44.4% and a more than two-thirds increase compared to FY2023. Looking ahead, Executive Director and CEO Henry Yong Khai Weng expressed confidence in the company’s growth prospects: "As we enter the new financial year, we remain optimistic about our business and committed to driving growth while delivering long-term, sustainable value for our shareholders." Thank you
SGX:HQULong
by minichartsg
s This the Best Bank Stock to OwnDBS capital return dividend of 15 cents per quarter: The dividend yield of 6.5%-6.8% for DBS means that investors can expect an annual return of 6.5%-6.8% on their investment purely from dividends, based on the current stock price. The capital return dividend of 15 cents per quarter refers to an additional dividend payout that DBS has introduced, beyond its regular dividends. This means: DBS will distribute SGD 0.15 per share every quarter on top of its usual dividends. Over the full year, this adds up to SGD 0.60 per share in extra returns. This additional payout is part of a strategy to return excess capital to shareholders, likely due to DBS’s strong balance sheet and profitability. Impact on Investors: Higher Total Dividends: The combined regular dividend + capital return dividend means higher total payouts for investors. Attractive Income Stock: A 6.5%-6.8% dividend yield makes DBS one of the highest-yielding blue-chip stocks in Singapore. Consistent Payouts: Since DBS has committed to this extra dividend for at least FY2025-2027, investors can expect stable and predictable returns. In Simple Terms: DBS is giving shareholders extra money on top of its regular dividends, making it a high-yield income stock. If you hold DBS shares, you’ll receive more frequent and higher payouts every quarter. 🚀 Thank you
SGX:D05Long
by minichartsg
Target Price: S$9.25 (SOTP-based)Keppel’s strategic focus on asset-light operations, digital infrastructure, and strong capital recycling efforts continues to position the company for sustainable long-term growth. Despite near-term volatility in the real estate segment, Keppel’s high-margin businesses in connectivity and asset management are proving to be strong revenue drivers. With a BUY recommendation and a target price of S$9.25, Keppel remains an attractive investment option for those seeking strong dividends, strategic growth, and a diversified business model
SGX:BN4Long
by minichartsg
UOB could announce special dividendsUOB will be the first to report its financial results on February 19. Institutional investors have maintained strong confidence in Singapore’s banking stocks, with cumulative net inflows of S$1.19 billion in 2024. The three banks currently offer attractive dividend yields: DBS at 4.8%, OCBC at 5.0%, and UOB at 4.6%, all above their respective five-year averages. Investors will be keenly watching capital management plans, dividend strategies, and loan growth trends. With a resilient earnings base, strong institutional confidence, and the potential for capital returns, Singapore’s banking sector looks set to maintain its strong performance into 2025.
SGX:U11Long
by minichartsg
SATS appears to be in an oversold condition. SATS currently trades at 18.1x FY26F PE and 15.4x FY27F PE. The target price has been adjusted to S$4.00, based on an 18.4x FY27F PE valuation, which is 0.5 standard deviations (SD) below its historical mean PE of 19.9x. The negative impact of tariff and tax rule changes is likely already priced in, making SATS an attractive long-term investment despite near-term risks. SATS is well-positioned for long-term growth despite near-term challenges posed by US trade policies and global macroeconomic factors. The company’s strong fundamentals, ongoing expansion strategy, and historical resilience make it a compelling investment at current valuation levels. The recommendation remains a BUY, with a revised target price of S$4.00. From a technical analysis perspective, SATS appears to be in an oversold condition. The stock price has the potential to rebound to $3.46, followed by $3.58, presenting investors with an opportunity for an upside of 3.5% to 7% range over the next few weeks.
SGX:S58Long
by minichartsg
Innotek: the company stay optimistic abt its long-term prospectsInnoTek InnoTek, trading at \$0.43, has been navigating a transformative journey since selling its core disk-drive components business over 15 years ago. The precision components manufacturer pivoted to grow its small stamping business and has since diversified into promising sectors such as electric vehicles (EVs) and graphics processing unit (GPU) servers, which are riding the artificial intelligence (AI) wave. These efforts are now bearing fruit, with revenue for the first half of 2024 rising 30.9% year-on-year to S\$121.6 million. The diversification strategy has been driven by growth in GPU server-related projects for AI applications, which now account for about 27% of InnoTek’s revenue, up from 14% a year earlier. The automotive segment remains its largest contributor, accounting for 33% of revenue, bolstered by the strong EV market in China. Other segments, including office automation, TVs and displays, also contribute significantly to its topline. However, profitability has taken a hit, with net profit for H1 2024 slipping 8.3% to S\$3.2 million. This was attributed to extraordinary costs linked to shifting business strategies and geopolitical tensions driving the “China+1” manufacturing strategy. InnoTek has been strategically expanding its footprint in ASEAN countries, with facilities in Thailand and Vietnam, and plans to further invest in Malaysia due to its favorable infrastructure and skilled workforce. Despite short-term challenges, the company remains optimistic about its long-term prospects. With a market capitalization of \$100 million, InnoTek trades at 0.6x its book value of 76 cents. Its strong balance sheet, featuring net cash of \$56 million, supports a sustainable dividend payout of 2 cents per share, translating to a yield of 4.6%. Analysts recommend an “Accumulate on Weakness” strategy, citing the company’s strong positioning for longer-term growth.
SGX:M14Long
by minichartsg
Fundamentals + TechnicalsFundamentals: Is the worst over? 1) Revenue: 70% from China. Chinese gov is determined to support its economy, launching a fresh set of stimulus earlier this week. Trump 2.0 tariffs may spur the chinese government to improve more on manufacturing capabilities and equipment turnover, and ISDN is likely to benefit. ‌ 2) Semicon (SEA): ISDN suffered for past 3 years the downcycle of semicon. Normally semicon cycle is between 18-24 months. Somehow this downcycle is disrupted by the wave of AI chips. However lower end semicon chips are still being used 80% of the time. I believe the downcycle of semicon is in sights. This will help ISDN resume its high margin business. ‌ 3) Weak Yuan: A weak yuan vs SGD caused unrealised fx losses in FY 2022 and FY 2023. However yuan has relatively been stable in 2024 albeit minor weakness. Chinese gov loosened it's monetary policy for the first time since 2011. And if we go back to 2011, yuan strengthened against SGD significantly until 2015 when the chinese economy popped. Could we see similar trends? One thing for sure, Trump will not allow yuan to depreciate and may likely find a balanced deal. ‌ 4) Re-investments during downcycle for 3 years: ISDN's management has been talking about re-investing in people and capabilities during downcycle. Historically, companies that do that benefits strongly during upcycle of economy. ISDN in its recent "Theedge" article mentioned about building a platform for talents to push for upsides with limited downsides. This business strategy will play out when economy improves. ‌ 5) Hydropower plants: This money making machine is churning out cash for the company daily. Due to its stability of cashflows (from PLN) and electricity generation even during dry seasons, these assets open up many possibilities of realising gains, which includes asset sales, equity sales, or listing as mentioned in the annual report. What we can be assured is due to the stability of cashflow, the company is not in the hurry to sell the asset at depressed price, so when the sale does actually come, we know that it will be at least fairly priced. ‌ Technicals (weekly): ‌ ISDN is now at a descending triangle movement. Recently price stability above $0.3 with MACD crossing into positive territory could mean an explosive upside in weeks to come. Daily chart also sees stability above SMA 200 and monthly chart MACD histo crossed positively this month. ‌ I have set a price target of $0.465 and $0.61, representing roughly 50% and 100% gains respectively. ‌ Do your own dd.
SGX:I07Long
by CedricYang
"En Route to Recovery" - EuroSports Global Ltd. (SGX: 5G1)Based on our observation, EuroSports Global has been showing signs of recovery alongside with a sign of collection (as indicated by the MCDX indicator), while RSI shows a neutral-positive upwards trend. Currently, EuroSports is challenging its key resistance at S$0.200, with a potential to challenge higher upon breaching the resistance, while key support remains at S$0.160 as tested multiple times over the past week. We keep a "BUY" rating for EuroSports Global, given the encouraging momentum the share price is showing.
SGX:5G1Long
by HASHInvests200
Singapore’s EV Market Poised for Leadership in Southeast Asia?Singapore is set to become Southeast Asia’s largest electric vehicle (EV) market, with an estimated 80% of its passenger vehicles expected to be electric by 2040, according to BloombergNEF. This significant market shift underscores Singapore’s commitment to sustainable transportation, placing it far ahead of regional peers, where the average EV market share will likely reach just 24%. The Lion City already leads Southeast Asia in EV adoption, with EVs making up about 32.1% of new car registrations within the first seven months of 2024. In 2023, EVs comprised 19% of total vehicle sales, highlighting the growing consumer shift towards cleaner energy vehicles. Singapore also boasts the highest density of EV charging infrastructure in the region, with one public charger for every three EVs. By comparison, Thailand has a charger for every 16 EVs, Malaysia one for every 38, and Indonesia one for every 42. This extensive charging network alleviates concerns around charging accessibility, a common challenge in EV adoption, and demonstrates Singapore’s proactive steps to support its EV market expansion. Driving Factors: Falling Battery Prices and Policy Support A key enabler of EV adoption is the reduction in battery prices, the most expensive EV component. BloombergNEF projects that battery prices will fall by 17% every time the cumulative number of batteries produced doubles, significantly decreasing EV costs. From 2010 to 2023, battery pack prices dropped by 90%, making EVs more affordable and competitive with petrol-powered vehicles. Supportive government policies also bolster Singapore’s EV market growth. Policies include banning new diesel-powered cars and taxis from 2025, implementing a certificate of entitlement (COE) system to encourage vehicle turnover every ten years, and mandating that all new car and taxi registrations from 2030 must be cleaner-energy models. These strategies align with Singapore’s Green Plan, which aims for 60,000 EV charging points by 2030 and 100% clean-energy vehicles by 2040. Comparative Growth and Regional Trends Across Southeast Asia, the EV market has been expanding, driven in part by Chinese automakers such as BYD, Great Wall Motor, and GAC Aion, which are setting up manufacturing facilities in Thailand. Although Thailand currently leads the regional EV market in sales numbers, with over 86,000 EV units sold in 2023, Singapore is expected to lead in market share percentage. In total, Southeast Asia saw more than 153,500 passenger EV sales in 2023, including 5,734 units in Singapore. Transport economist Professor Walter Theseira attributes Singapore’s rapid EV adoption to the COE system, contrasting it with other Southeast Asian countries where vehicles are often kept for longer. Singapore’s vehicle turnover model, coupled with policies promoting EV use, has created a supportive environment for sustained EV growth. Future Opportunities for EuroSports Global Ltd. and Nio Inc. As the demand for EVs continues to rise in Singapore, companies like EuroSports Global Ltd. and Nio Inc. stand to benefit. EuroSports Global, a local leader in luxury and performance vehicle distribution with its own in-house Scorpio Electric Vehicle brand, has the potential to leverage Singapore’s growing market for high-performance EVs. Meanwhile, Nio Inc., a prominent Chinese EV manufacturer, could find new opportunities to expand its presence and meet demand in Singapore, given the city-state's openness to international EV brands and its alignment with clean energy goals. With its robust infrastructure, government support, and ambitious clean-energy targets, Singapore is well on its way to becoming Southeast Asia’s leading EV market, setting a compelling example for neighbouring countries aiming for sustainable growth.
SGX:5G1Long
by HASHInvests200