Dacai - Part of Longbridge's Investor Led Community

I am into local banks, SGX and mid cap stocks like Sheng Siong that can be potential beneficiaries of the EQDP.

$Suntec Reit(T82U.SG)I’m happy to see that post ex-dividend date 30 April, it is going towards the recent high of $1.53. Hope it can make a new high. I am looking forward to getting my dividend on 29 May.

$IFAST(AIY.SG)It is approaching the previous support of $8.50. This may be a good opportunity to DCA. What’s holding me back is I have a fairly large position in this already and there are other stocks that I am interested in. 8 May is ex-dividend date so the price may fall further that day. Decisions, decisions.

$IFAST(AIY.SG)Many stocks in the Singapore market fell yesterday. Will iFast perform better today since the US market was green last night? iFast did another share buyback yesterday which seems like a promising signal.

I’m interested to see if Seagate and Sandisk will continue to make new highs. The demand for memory chips is growing.

$Suntec Reit(T82U.SG)At the recent AGM, Suntec Reit says it has not had any cancellations or deferrment for conventions although new booking confirmations have been slower as organisers take a more cautious approach towards expenditure. Higher costs are expected due to global shipping routes and air freight capacity being affected by the Middle East conflict and delegates from overseas face higher airfares and hotel room rates.

However, there is also short term upside due to organisers looking to shift their events away from Dubai this year. Suntec Reit predicts the MICE part of its business which contributes 6.1 per cent of its total net property income to continue growing as Singapore is promoting MICE as part of its long term tourism strategy. It also saw positive rental reversion of 10% for Suntec City Mall and 9.6% for its office portfolio in Singapore for FY2025.

$IFAST(AIY.SG)The performance during the first quarter of financial year 2026 was positive with a 43% jump in profits. It boggles the mind why it seems to have become the target of short sellers recently. Despite good earnings, the stock price plunged before pushing back up. It closed around the middle of the highest and lowest price of the day. Today, iFast did share buyback but I’m not sure if it was to support the share price or for its employee share scheme.

$Suntec Reit(T82U.SG)Prices are trading within the range of 1.49 to 1.53. There is now doubt among experts about whether there will be another interest rate cut this year. Some expect the rates to remain the same or increase. However compared to other reits, this is trading at a discount to its NAV so I believe there is still further upside.

I hope the new CEO can build on what the former leaders have achieved and lead Apple to bigger heights. A big thank you to Tim Cook for helming Apple well all these years.

$IFAST(AIY.SG)Looks like iFast has hit resistance and is retracing. More chance to board the boat before it takes off later. The earnings report will be out post market tomorrow.

I’m not confident the acquisition of Paragon is good for CICT as that mall doesn’t get a lot of shoppers.

$IFAST(AIY.SG)Well done, iFast! From over 2000 SGD in paper losses, my position has recovered to just 262 SGD from my breakeven point. It is too bad that I won’t be able to attend the upcoming AGM. I would love to meet the CEO.

SpaceX is a much anticipated IPO. The profits from Google’s stake in it will help boost the stock price of Google.

$Suntec Reit(T82U.SG)The new sponsor may inject 9 Penang Road into the reit. Suntec Reit used to own 30% of this property before it sold its stake to SingHaiyi in 2021. It did not take up the pre-emptive rights to ORQ and MBC Tower 1 and 2 as the higher gearing required would dilute NAV and DPU. Apart from increasing operational efficiency, it will continue to focus on NAV and divesting mature assets and strata office units in Suntec City Office (the three floors put up on sale recently belong to HSBC Asset Management and not the reit). Such divestment may help close the gap between the NAV of $2.04 and the units’ trading price.

While higher interest rates are usually good for banks, stagflation is a different story. Stagflation is inflation occurring at the same time as rising unemployment and a slowdown in the economy.

$Suntec Reit(T82U.SG)$1.53 is the immediate resistance level. If the price can break through that, the next target is $1.55. Let’s hope the second talk between the US and Iran will be fruitful.

$Suntec Reit(T82U.SG)is holding its AGM this coming Thursday. Perhaps there will be questions from shareholders about how it intends to navigate the current uncertainties in the macroeconomic environment. As it is not a suburban reit, I don’t think it will benefit directly from the SGD 1billion support package that the government has announced to tackle the rising cost of living.

$IFAST(AIY.SG)is having its AGM next Friday. I had thought of attending but LongBridge has a handling fee of $21.80 (including GST) and another company is holding its AGM at the same time so I think I will attend that instead.

According to CNA, MAS tightened the monetary policy. https://www.channelnewsasia.com/singapore/mas-monetary-policy-exchange-rate-inflation-forecast-6053166 This will help to ameliorate the pace of inflation caused by oil supply distuption.