๐ $Wee Hur(E3B.SI)$ : Strong Revenue Growth, Strategic Reinvestment and Dormitory Expansion๐ Revenue Up 43% YoYWee Hur Holdings reported a 43% increase in 1H2025 revenue to S$156.0 million, driven by a one-off performance and disposal fee from the partial sale of its PBSA Fund I to Greystar, alongside robust progress in its Singapore property development arm.Gross profit surged 89% to S$84.3 million, lifting margins to 54.1%, while adjusted net profit climbed 164% to S$61.7 million.๐๏ธ Construction Order Book at Record HighThe Groupโs construction order book hit an all-time high of S$629 million, boosted by two new HDB projects worth S$439.4 million secured in May 2025. This positions Wee Hur to capture sustained demand amid Singaporeโs public ho
Bought REITs earlier this year, added some position last week. Holding onto blue chip winners like banks, ST, Sembcorp Not sure whether to cut loss on Comfort bought > 10 years ago. 40% down.
This year Iโve been trading Singapore bank stocks, mainly $DBS Group Holdings(D05.SI)$ $ocbc bank(O39.SI)$ . The Straits Times Index rally is impressive, and I wanted to ride the momentum with defensive, dividend-paying financials. So far, returns havenโt matched those of U.S. bank stocks or other U.S. equities. I still value the stability and dividends from DBS and OCBC. While Singapore banks may not offer the same short-term upside as U.S. counterparts, their fundamentals and steady income make them attractive for a balanced portfolio. Watching them alongside the broader market rally has been encouraging. Overall, itโs a learning experience and a way to diversify. My returns arenโt the highest, b
[Event] Riding the Singapore Bull โ How Much Did You Make? ๐
Singaporeโs stock market is on fire. The Straits Times Index has surged nearly 13% in 2025, matching the S&P 500 and outpacing many regional peers. With strong dividends, foreign inflows, and the Singapore dollar gaining strength, experts say this bull run is still in its early stages.In 2025, several Singapore stocks have been standout performers. $Singtel(Z74.SI)$ has surged close to 40% year-to-date, powered by stronger telecom operations and dividend growth. $SGX(S68.SI)$ also advanced nearly 33%, benefiting from rising trading volumes and derivatives growth. Even industrial heavyweight $ST Engineering(S63.SI)$ joined the rally, with gains exceeding
๐ OUE REIT: Resilience and Capital Discipline at the Core๐ DPU Growth Amid Soft HospitalityIn 1H 2025, OUE REITโs distribution per unit rose 5.4% YoY to 0.98 cents, supported by strong commercial performance and effective capital management. Core DPU, excluding capital distribution in 1H 2024, grew an even stronger 11.4% YoY.๐ข Commercial Segment StrengthCommercial (office & retail) revenue increased 3.6% YoY to S$86.1 million, with NPI climbing 5.1% YoY to S$65.2 million on a like-for-like basis. The portfolio achieved committed occupancy of 95.5%, while average passing rent rose 0.8% QoQ to S$10.86 psf/month. Office lease renewals were healthy, posting rental reversion of +9.1% in 2Q 2025.๐ Mandarin Gallery MomentumMandarin Gallery maintained occupancy at 99.0% and achieved stellar re
๐ $Dezign Format(UZF.SI)$ : Riding the Wave of Experiential Growth Ahead of SGX IPO๐ Strong Revenue and Profit TrajectoryRevenue surged from S$18.3 million in FY2022 to S$33.4 million in FY2024, reflecting a 35.3% CAGR, while net profit more than tripled to S$5.0 million over the same period.Gross profit margins stayed resilient at 36โ39%, with net margins climbing to 15%, showcasing strong cost discipline and operational efficiency.๐ Diversification Through Immersive Experiences (LBE)The Group has moved beyond conventional design-and-build services, stepping into Location-Based Entertainment (LBE) with proprietary IP projects like DinoQuest and The Beethoven Experience.It is also targeting new revenue streams through ticket sales, licensing, an
๐ $StarHub(CC3.SI)$ : Resilience Amid Transformation๐ Service revenue totalled S$464โฏmillion in Q1โฏ2025, flat YoY, held back by timing issues in the cybersecurity arm, Ensign, while broadband revenue rose ~5% and regional enterprise grew ~10%.๐ EBITDA came in at S$100โฏmillion, constrained by mobile gross profit declines due to subdued roaming and mobile services, although cost savings initiatives and enterprise momentum partly offset headwinds.๐ฆ Strengthened balance sheet with net debt/EBITDA at just 1.26x - well below the regional telecom average - continuing to provide optionality for organic investment or potential acquisitions.๐ Ensign cybersecurity business generated nearly S$400โฏmillion in trailing revenues (~15% of group revenue) bu
๐ฏ Is Centurion Corporation (SGX: OU8) worth checking out?
๐ Centurion Corporation: Turning Dormitory Scale into REIT Growth $Centurion(OU8.SI)$ ๐ Revenue MomentumFY2024 revenue climbed 22% YoY to S$253.6 million, driven by stronger rents across dormitory and student assets and near-full 99% occupancy in core Singapore sites.Gross margin widened five points to 77.1% thanks to utilities contracts locked in at lower rates and tighter vendor management. Management guides for another high-teens top-line lift in FY2025 as new beds come on-stream.๐ฐ Core Earnings SurgeExcluding revaluation gains, operating net profit jumped 45% to S$110.8 million, while headline NPAT more than doubled to S$344.8 million after a S$219.1 million fair-value uplift. Free cash flow improved to S$92 million, supporting both capex an
๐ฏ Is United Hampshire US REIT (SGX: ODBU) worth checking out?
๐ ๐๐ง๐ข๐ญ๐๐ ๐๐๐ฆ๐ฉ๐ฌ๐ก๐ข๐ซ๐ ๐๐ ๐๐๐๐: ๐๐๐ฆ๐๐ข๐ง๐ข๐ง๐ ๐๐๐ฌ๐ข๐ฅ๐ข๐๐ง๐ญ ๐ข๐ง ๐ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐ ๐ข๐ซ๐ฌ๐ญ ๐๐จ๐ซ๐ฅ๐๐ฆ 1Q 2025 SnapshotGross revenue was US$18.1M, and distributable income came in at US$6.3M, down just 1.4% YoY. This decline was largely due to divestments. On a like-for-like basis (excluding divested assets), gross revenue actually rose 3.2% YoY - driven by new leases with Trader Joeโs and Dickโs Sporting Goods, plus rental escalations. $UtdHampshReitUSD(ODBU.SI)$ ๐ฌ Divesting Non-Core AssetsThe REIT sold off its Loweโs, Samโs Club, and Albany Supermarket properties over the past year. These were lower-yielding assets. The proceeds helped reduce gearing and created room for future acquisitions aligned with the REITโs focus on grocery-anchored, necessity-based retail.๐ Portf
๐ $Zixin(42W.SI)$ : Ramping Up Growth via Higher-Margin Processed Snacks๐ Record FY2025 earnings beat expectationsZixin reported FY2025 PATMI of RMB42.7m, a 220% YoY surge beating analyst forecasts by 22%. Revenue grew 33% YoY to RMB278m, driven by stronger sales of fresh sweet potatoes (+72%) and improved margin contribution from processed food and seedlings.๐ญ Major capacity ramp-up underwayThe group is spending ~RMB60m in CAPEX to more than double its annual production capacity of value-added sweet potato products from 13,700 to 35,000 tonnes. Cold storage expansion will increase shelf life, enabling price optimisation and access to e-commerce and supermarket channels beyond Liancheng.๐ฅ Processed snacks gain traction with higher marginsZixin r
๐ฏ Is Dairy Farm Retail Group (SGX: D)1) worth checking out?
$DFIRG USD(D01.SI)$ ๐ DFI Retail - Resilience & Strategic Repositioning๐ Revenue & Underlying ProfitRevenue declined 3% YoY to US$8.87โฏb in FY2024, impacted by higher tobacco taxes in Hong Kong and the exit from certain underperforming markets. However, underlying profit surged 30% YoY to US$201โฏm, with EPS rising from USยข11.49 to USยข14.91, reflecting effective cost management and margin recovery.๐ NonโTrading Charges & Net LossThe group reported a net loss of US$245โฏm due to US$445โฏm in non-trading impairments, primarily from goodwill write-downs in Macau and Cambodia, and a fair value loss on its former Robinsons Retail stake. These charges, while non-cash, overshadow an otherwise strong operating performance.๐ฆ Portfolio Simplifica
๐ฏ Is Bumitama Agri (SGX: P8Z) worth checking out?
$Bumitama Agri(P8Z.SI)$ : Margin Momentum & Dividend Yield in Focus๐ Revenue Momentum1Q25 revenue climbed 19% YoY to IDR 4.59 trillion, driven by resilient benchmark CPO prices and a normalised production base after last yearโs supply spike. Management notes the quarter represents the seasonal low-crop period, signalling room for stronger volumes into 2H25.๐น Profit & Margin LiftEBITDA surged 36% YoY to IDR 1.01 trillion with margin expanding to 22%, while net profit jumped 51% to IDR 495.9 billion. Improved cost discipline and higher extraction rates cushioned fertiliser-related cost pressures, placing the group ahead of street FY25 run-rate assumptions.๐ผ Balance-Sheet StrengthFull repayment of a term-loan facility in March 2024 slashed
$SATS LTD.(S58.SI)$ : Synergy-Driven Earnings Rebound Sets Stage for Dividend Comeback๐ Revenue MomentumFull-year revenue climbed 13% YoY to S$5.82 billion. Gateway Services grew 10.6% while Food Solutions surged 22%, supported by higher travel volumes, healthy inflight catering demand and resilient e-commerce cargo. Group turnover is now above pre-pandemic peaks, underscoring managementโs scale advantage.๐ฐ Profit ReboundPATMI leapt to S$243.8 million from S$56.4 million, driving net margin up to 4.2%. The bottom-line swing reflects synergy capture, disciplined price resets and a waning drag from one-off integration costs. Management guides for continued earnings traction as legacy amortisation tapers in FY26.๐๏ธ EBITDA & MarginsEBITDA advanc
๐ฏ Is ComfortDelgro (SGX: C52) worth checking out?
$ComfortDelGro(C52.SI)$ ComfortDelGro: Global Transport Giant Embraces the EV Shift While Powering Ahead๐ Robust Q1โฏ2025 PerformanceFor 1Qโฏ2025, the transport group recorded S$1.17โฏbillion in revenue (+16.4% YoY) and operating profit of S$81.5โฏmillion, marking a 45.5% YoY uplift. Net profit reached S$48.3โฏmillion, up 19%. Excluding acquisitions, core earnings grew 27.5%, boosted significantly by renewed UK bus contracts and Metroline Manchesterโs launch.๐ Strategic Acquisitions Power GrowthFY2024 saw three major overseas acquisitions: Londonโs premium Addison Lee, UK ground transport specialist CMAC, and Australiaโs A2B. These bolt-on deals are earningsโaccretive, expanding revenue streams and increasing overseas exposure. In fact, overseas reve
๐ $Wee Hur(E3B.SI)$ : Strong Revenue Growth, Strategic Reinvestment and Dormitory Expansion๐ Revenue Up 43% YoYWee Hur Holdings reported a 43% increase in 1H2025 revenue to S$156.0 million, driven by a one-off performance and disposal fee from the partial sale of its PBSA Fund I to Greystar, alongside robust progress in its Singapore property development arm.Gross profit surged 89% to S$84.3 million, lifting margins to 54.1%, while adjusted net profit climbed 164% to S$61.7 million.๐๏ธ Construction Order Book at Record HighThe Groupโs construction order book hit an all-time high of S$629 million, boosted by two new HDB projects worth S$439.4 million secured in May 2025. This positions Wee Hur to capture sustained demand amid Singaporeโs public ho
๐ OUE REIT: Resilience and Capital Discipline at the Core๐ DPU Growth Amid Soft HospitalityIn 1H 2025, OUE REITโs distribution per unit rose 5.4% YoY to 0.98 cents, supported by strong commercial performance and effective capital management. Core DPU, excluding capital distribution in 1H 2024, grew an even stronger 11.4% YoY.๐ข Commercial Segment StrengthCommercial (office & retail) revenue increased 3.6% YoY to S$86.1 million, with NPI climbing 5.1% YoY to S$65.2 million on a like-for-like basis. The portfolio achieved committed occupancy of 95.5%, while average passing rent rose 0.8% QoQ to S$10.86 psf/month. Office lease renewals were healthy, posting rental reversion of +9.1% in 2Q 2025.๐ Mandarin Gallery MomentumMandarin Gallery maintained occupancy at 99.0% and achieved stellar re
[Event] Riding the Singapore Bull โ How Much Did You Make? ๐
Singaporeโs stock market is on fire. The Straits Times Index has surged nearly 13% in 2025, matching the S&P 500 and outpacing many regional peers. With strong dividends, foreign inflows, and the Singapore dollar gaining strength, experts say this bull run is still in its early stages.In 2025, several Singapore stocks have been standout performers. $Singtel(Z74.SI)$ has surged close to 40% year-to-date, powered by stronger telecom operations and dividend growth. $SGX(S68.SI)$ also advanced nearly 33%, benefiting from rising trading volumes and derivatives growth. Even industrial heavyweight $ST Engineering(S63.SI)$ joined the rally, with gains exceeding
This year Iโve been trading Singapore bank stocks, mainly $DBS Group Holdings(D05.SI)$ $ocbc bank(O39.SI)$ . The Straits Times Index rally is impressive, and I wanted to ride the momentum with defensive, dividend-paying financials. So far, returns havenโt matched those of U.S. bank stocks or other U.S. equities. I still value the stability and dividends from DBS and OCBC. While Singapore banks may not offer the same short-term upside as U.S. counterparts, their fundamentals and steady income make them attractive for a balanced portfolio. Watching them alongside the broader market rally has been encouraging. Overall, itโs a learning experience and a way to diversify. My returns arenโt the highest, b
๐ $Dezign Format(UZF.SI)$ : Riding the Wave of Experiential Growth Ahead of SGX IPO๐ Strong Revenue and Profit TrajectoryRevenue surged from S$18.3 million in FY2022 to S$33.4 million in FY2024, reflecting a 35.3% CAGR, while net profit more than tripled to S$5.0 million over the same period.Gross profit margins stayed resilient at 36โ39%, with net margins climbing to 15%, showcasing strong cost discipline and operational efficiency.๐ Diversification Through Immersive Experiences (LBE)The Group has moved beyond conventional design-and-build services, stepping into Location-Based Entertainment (LBE) with proprietary IP projects like DinoQuest and The Beethoven Experience.It is also targeting new revenue streams through ticket sales, licensing, an
Bought REITs earlier this year, added some position last week. Holding onto blue chip winners like banks, ST, Sembcorp Not sure whether to cut loss on Comfort bought > 10 years ago. 40% down.
๐ $StarHub(CC3.SI)$ : Resilience Amid Transformation๐ Service revenue totalled S$464โฏmillion in Q1โฏ2025, flat YoY, held back by timing issues in the cybersecurity arm, Ensign, while broadband revenue rose ~5% and regional enterprise grew ~10%.๐ EBITDA came in at S$100โฏmillion, constrained by mobile gross profit declines due to subdued roaming and mobile services, although cost savings initiatives and enterprise momentum partly offset headwinds.๐ฆ Strengthened balance sheet with net debt/EBITDA at just 1.26x - well below the regional telecom average - continuing to provide optionality for organic investment or potential acquisitions.๐ Ensign cybersecurity business generated nearly S$400โฏmillion in trailing revenues (~15% of group revenue) bu
๐ $Zixin(42W.SI)$ : Ramping Up Growth via Higher-Margin Processed Snacks๐ Record FY2025 earnings beat expectationsZixin reported FY2025 PATMI of RMB42.7m, a 220% YoY surge beating analyst forecasts by 22%. Revenue grew 33% YoY to RMB278m, driven by stronger sales of fresh sweet potatoes (+72%) and improved margin contribution from processed food and seedlings.๐ญ Major capacity ramp-up underwayThe group is spending ~RMB60m in CAPEX to more than double its annual production capacity of value-added sweet potato products from 13,700 to 35,000 tonnes. Cold storage expansion will increase shelf life, enabling price optimisation and access to e-commerce and supermarket channels beyond Liancheng.๐ฅ Processed snacks gain traction with higher marginsZixin r
๐ฏ Is United Hampshire US REIT (SGX: ODBU) worth checking out?
๐ ๐๐ง๐ข๐ญ๐๐ ๐๐๐ฆ๐ฉ๐ฌ๐ก๐ข๐ซ๐ ๐๐ ๐๐๐๐: ๐๐๐ฆ๐๐ข๐ง๐ข๐ง๐ ๐๐๐ฌ๐ข๐ฅ๐ข๐๐ง๐ญ ๐ข๐ง ๐ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐ ๐ข๐ซ๐ฌ๐ญ ๐๐จ๐ซ๐ฅ๐๐ฆ 1Q 2025 SnapshotGross revenue was US$18.1M, and distributable income came in at US$6.3M, down just 1.4% YoY. This decline was largely due to divestments. On a like-for-like basis (excluding divested assets), gross revenue actually rose 3.2% YoY - driven by new leases with Trader Joeโs and Dickโs Sporting Goods, plus rental escalations. $UtdHampshReitUSD(ODBU.SI)$ ๐ฌ Divesting Non-Core AssetsThe REIT sold off its Loweโs, Samโs Club, and Albany Supermarket properties over the past year. These were lower-yielding assets. The proceeds helped reduce gearing and created room for future acquisitions aligned with the REITโs focus on grocery-anchored, necessity-based retail.๐ Portf
๐ฏ Is Dairy Farm Retail Group (SGX: D)1) worth checking out?
$DFIRG USD(D01.SI)$ ๐ DFI Retail - Resilience & Strategic Repositioning๐ Revenue & Underlying ProfitRevenue declined 3% YoY to US$8.87โฏb in FY2024, impacted by higher tobacco taxes in Hong Kong and the exit from certain underperforming markets. However, underlying profit surged 30% YoY to US$201โฏm, with EPS rising from USยข11.49 to USยข14.91, reflecting effective cost management and margin recovery.๐ NonโTrading Charges & Net LossThe group reported a net loss of US$245โฏm due to US$445โฏm in non-trading impairments, primarily from goodwill write-downs in Macau and Cambodia, and a fair value loss on its former Robinsons Retail stake. These charges, while non-cash, overshadow an otherwise strong operating performance.๐ฆ Portfolio Simplifica
๐ฏ Is CapitaLand Ascott Trust (SGX: HMN) worth checking out?
$CapLand Ascott T(HMN.SI)$ ๐๐๐ฉ๐ข๐ญ๐๐๐๐ง๐ ๐๐ฌ๐๐จ๐ญ๐ญ ๐๐ซ๐ฎ๐ฌ๐ญ: ๐๐จ๐ซ๐ญ๐๐จ๐ฅ๐ข๐จ ๐๐๐๐จ๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ซ๐ข๐ฏ๐๐ฌ ๐๐๐ฌ๐ข๐ฅ๐ข๐๐ง๐ญ ๐๐ง๐๐จ๐ฆ๐๐ 1Q 2025 MomentumGross profit climbed 4% year-on-year to about S$75 million, fuelled by an 11% lift in RevPAU to roughly US$160. Master leases and guaranteed-income contracts now contribute 70% of gross profit, underpinning steady cash flows even as travel demand normalises.๐๏ธ Divest-at-a-Premium StrategyManagement has unlocked more than S$500 million from asset disposals since 2022 at up to 55% above book value, crystallising gains while pruning low-yield tail assets. Part of these realised gains will be distributed over 2025-26 to cushion the temporary DPU dip during refurbishment works.๐ Accretive Re-deploymentRoughly S$530 million h
๐ฏ Is Bumitama Agri (SGX: P8Z) worth checking out?
$Bumitama Agri(P8Z.SI)$ : Margin Momentum & Dividend Yield in Focus๐ Revenue Momentum1Q25 revenue climbed 19% YoY to IDR 4.59 trillion, driven by resilient benchmark CPO prices and a normalised production base after last yearโs supply spike. Management notes the quarter represents the seasonal low-crop period, signalling room for stronger volumes into 2H25.๐น Profit & Margin LiftEBITDA surged 36% YoY to IDR 1.01 trillion with margin expanding to 22%, while net profit jumped 51% to IDR 495.9 billion. Improved cost discipline and higher extraction rates cushioned fertiliser-related cost pressures, placing the group ahead of street FY25 run-rate assumptions.๐ผ Balance-Sheet StrengthFull repayment of a term-loan facility in March 2024 slashed
$SATS LTD.(S58.SI)$ : Synergy-Driven Earnings Rebound Sets Stage for Dividend Comeback๐ Revenue MomentumFull-year revenue climbed 13% YoY to S$5.82 billion. Gateway Services grew 10.6% while Food Solutions surged 22%, supported by higher travel volumes, healthy inflight catering demand and resilient e-commerce cargo. Group turnover is now above pre-pandemic peaks, underscoring managementโs scale advantage.๐ฐ Profit ReboundPATMI leapt to S$243.8 million from S$56.4 million, driving net margin up to 4.2%. The bottom-line swing reflects synergy capture, disciplined price resets and a waning drag from one-off integration costs. Management guides for continued earnings traction as legacy amortisation tapers in FY26.๐๏ธ EBITDA & MarginsEBITDA advanc
๐ฏ Is ComfortDelgro (SGX: C52) worth checking out?
$ComfortDelGro(C52.SI)$ ComfortDelGro: Global Transport Giant Embraces the EV Shift While Powering Ahead๐ Robust Q1โฏ2025 PerformanceFor 1Qโฏ2025, the transport group recorded S$1.17โฏbillion in revenue (+16.4% YoY) and operating profit of S$81.5โฏmillion, marking a 45.5% YoY uplift. Net profit reached S$48.3โฏmillion, up 19%. Excluding acquisitions, core earnings grew 27.5%, boosted significantly by renewed UK bus contracts and Metroline Manchesterโs launch.๐ Strategic Acquisitions Power GrowthFY2024 saw three major overseas acquisitions: Londonโs premium Addison Lee, UK ground transport specialist CMAC, and Australiaโs A2B. These bolt-on deals are earningsโaccretive, expanding revenue streams and increasing overseas exposure. In fact, overseas reve