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Singtel 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)...

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Potential Second CSOV Plans for a second CSOV are in the pipeline, possibly constructed in collaboration with Norwegian vessel designer Salt Ship Design. Estimated cost: US$60m-70m (S LSE:80M -94m), with improved financing prospects due to the successful completion of the first CSOV.

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Singtel 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)...

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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...

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In 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,...

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Oiltek 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...

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DBS 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...

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Key Valuation Metrics Metric Value NAV/Share (FY25) S$0.73 Net Debt/Share (FY25) S$0.62 P/B Ratio (FY25) 0.7x DPU Yield (FY25) 7.0% Target Price S$0.72 Upside Potential 35.8% (from S$0.53) Maintained BUY rating based on resilient Singapore operations, improving Italian occupancy, and stable distributions. FY25 distribution yield of 7.0% remains attractive. Target...

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Stock Valuation and Outlook Share Price (as of Feb 6, 2025): S$1.93 Target Price: S$2.37, indicating a 22.8% upside Net Asset Value (NAV) per share: S$2.12 Projected DPU for 2025-2027: 2025F: 10.9 S cents 2026F: 11.2 S cents 2027F: 11.3 S cents Dividend Yield: 5.6% (2025F), increasing to 5.8% by 2027 PE Ratio: 16.9x (2025F)​. Investment Thesis Steady DPU Growth:...

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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...

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By acquiring a substantial stake in Tsuneishi Group’s China unit, YZJSGD aims to enhance its presence and influence in the shipbuilding sector, particularly in China, a critical market for maritime industries. The deal aligns with YZJSGD’s broader strategic goal of strengthening its international partnerships and expanding its market share within Asia’s growing...

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UOB 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...

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DBS will be the first to report its financial results on February 10 Thank you

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OCBC will be the first to report its financial results on February 26. Thank you

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SingTel’s dividends are expected to rise steadily, reaching 21 Singapore cents by FY27. This growth is supported by reduced capex intensity, a focus on improving ROIC across key business units, and the monetization of assets like the Bharti Airtel stake and the redevelopment of Comcentre. Thank you

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As trade tensions, economic uncertainty, and geopolitical conflicts escalate, gold’s price movements will be the most reliable indicator of investor sentiment. With tariff battles intensifying and China realigning its trade alliances, the traditional financial system may be entering a new, volatile phase. If history is any guide, gold may be the only true measure...

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KORE currently trades at a P/NAV of 0.35x, reflecting a 65% discount to its NAV per unit of US$0.69. The 2026 distribution yield is projected at 15.6%. Target price: US$0.33, based on a Dividend Discount Model (DDM) with a cost of equity of 10.5% and terminal growth of 0.5%. Recommendation: Maintain BUY​. Thankl you

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Short-Term: Bullish, with resistance at \$3.20 and support at \$2.94. Medium-Term: Sideways, with resistance at \$3.30 and support at \$2.85. Long-Term: Bullish, with resistance at \$3.50 and support at \$2.75.