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Business Times
6 days ago
- Business
- Business Times
iFast books S$50.3 million net institutional inflow in five sessions
[SINGAPORE] Over the five trading sessions from Jul 25 to 31, institutions were net sellers of Singapore stocks. The net institutional outflow of S$351 million was a reversal from the S$334 million net inflow in the preceding five sessions. This took the net institutional outflow for the 2025 year till Jul 31 to S$1.67 billion. Institutional flows Over the five trading sessions till Jul 31, the stocks that saw the highest net institutional outflow included Singapore Airlines , Singtel , OCBC , UOB , DBS , Singapore Post , Sembcorp Industries , CapitaLand Integrated Commercial Trust , Jardine Matheson Holdings and Keppel . Meanwhile, iFast Corp , Yangzijiang Shipbuilding Holdings , City Developments Ltd , ComfortDelGro Corp , Yangzijiang Financial Holding , Jardine Cycle & Carriage , Venture Corp , Haw Par Corp , UOB-Kay Hian Holdings and StarHub led the net institutional inflow over the five sessions. This saw financial services leading the net institutional outflow over the five sessions, while technology booked the highest net institutional inflow. A notable divergence in net institutional flows was that, over the five sessions, the 20 stocks with the highest net outflows had an average market capitalisation of S$25.4 billion, while those with the highest net inflows averaged just S$3.7 billion. Among the stocks with sub-S$4 billion market capitalisation that were attracting the most net institutional inflows were Venture Corp, Suntec Real Estate Investment Trust (Reit) , Yangzijiang Financial Holding, Frasers Logistics & Commercial Trust , ComfortDelGro Corp, Haw Par Corp, iFast Corp, UOB-Kay Hian Holdings, Hutchison Port Holdings Trust , StarHub, CapitaLand India Trust , Frencken Group , Samudera Shipping Line , and CSE Global . BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up iFast Corp iFast Corp saw S$50.3 million of net institutional inflow over the five sessions, turning around its 2025 year-to-date net institutional outflow of S$8.6 million to net institutional inflow of S$42.9 million. On Jul 25, iFast Corp reported that its net profit for the first half of the 2025 financial year ended Jun 30 increased 34.7 per cent from H1 FY2024 to S$41.1 million, with expectations for stronger H2 FY2025 performance. The global digital banking and wealth management platform also reported that its second-quarter dividend per share (DPS) rose 33.3 per cent from that in Q2 FY2024, and that the FY2025 DPS is projected to grow at least 35.6 per cent from the previous year. Key revenue drivers included strong growth in the Hong Kong ePension business, a turnaround at iFast Global Bank, and record assets under administration of S$27.2 billion, with a record quarterly inflow of S$1.29 billion in the latest Q2. In Q2, the Hong Kong segment saw a 33.4 per cent gross revenue increase to S$45.6 million from the corresponding period in the prior year. Following its first profitable quarter in the fourth quarter of FY2024, iFast Global Bank posted a S$0.7 million net profit in Q2 FY2025, and a 124.2 per cent growth in customer deposits to S$1.45 billion from the previous corresponding quarter. The group's return on equity (ROE) in H1 stood at 24.6 per cent. The group expects its ROE to remain at healthy levels, supported by the ongoing growth of the core wealth management platform and the continued progress of iFast Global Bank, as both fee-based and net interest income scale with business expansion. Raffles Medical led share buybacks The five sessions through to Jul 31 saw six primary-listed companies file buybacks with a total consideration of S$4.7 million. Raffles Medical Group led the consideration tally, buying back 3.3 million of its shares at an average price of S$1.02 apiece. It also reported its results for H1 FY2025, ended Jun 30, last week. Its H1 profit after tax increased 5 per cent to S$32.5 million, supported by stable performance across core segments. At the same time, revenue rose 3.5 per cent to S$378.4 million, with hospital services contributing S$174 million and healthcare services, S$142.2 million. The group also reiterated that, reflecting its disciplined capital management and strong operating cash flow, it had revised its dividend policy in February to distribute at least 50 per cent of sustainable earnings annually and to buy back up to 100 million ordinary shares over the next two years. Keppel announces share buyback programme Keppel bought back 100,000 of its shares at an average price of S$8.56 each. Along with reporting its results for H1 ended Jun 30 last week, Keppel announced a S$500 million share buyback programme. It maintained that shares repurchased will be held as treasury shares that will be used in part for the annual vesting of employee share plans, as well as currency for future merger and acquisition (M&A) activities. During the week, Keppel chief executive officer Loh Chin Hua relayed that the M&A activity will include phase two of the acquisition of European real estate manager Aermont Capital that is due in 2028. The group also detailed the role of the previous buyback programme in its initial 50 per cent acquisition of Aermont in April 2024. Keppel tendered treasury shares at S$7.16 apiece that had an average cost of S$5.80. This cost was based on the average purchase price of the treasury shares of approximately S$6.65, less the FY2022 and FY2023 cash dividends and dividend in-specie of Keppel Reit units paid to shareholders amounting to S$0.84 apiece. Loh added that while buyback timing details remain undisclosed, the company prefers buybacks over issuing new shares to avoid dilution, especially as it anticipates a re-rating and continued share-price performance. Hongkong Land Holdings continues buybacks Secondary-listed Hongkong Land Holdings also continued to conduct share repurchases, acquiring 1,193,000 shares at US$6.26 each. This takes its cumulative buyback consideration to US$137 million since Apr 24. It reported on Jul 29 that its underlying profit for H1, ended Jun 30, rose 11 per cent on the year to US$320 million, excluding China provisions. Meanwhile contributions from Hong Kong declined due to lower office rents and ongoing renovations at the commercial complex Landmark. It highlighted that capital recycling reached US$1.3 billion – 33 per cent of its 2027 target – highlighted by a landmark transaction with Hong Kong Exchanges and Clearing. Director transactions Over the five trading sessions, more than 40 director interests and substantial shareholdings were filed. Across 25 primary-listed stocks, directors or CEOs filed seven acquisitions and five disposals, while substantial shareholders recorded five acquisitions and three disposals. This included director or CEO acquisitions in iWow Technology , Japan Foods Holding , Jason Marine Group , Micro-Mechanics (Holdings) , Stamford Land Corp and SunMoon Food Company . Share buybacks and director filings remained below typical levels, as the local market remained in a busy stretch of financial reporting. iWow Technology On Jul 25, iWow Technology's lead independent director Ang Swee Tian acquired 111,100 shares at S$0.188 apiece. This took his direct interest to 0.04 per cent. The past president of Singapore Exchange and the former Singapore International Monetary Exchange also currently serves as the lead independent director of Zheneng Jinjiang Environment Holding Company. The name iWow is an acronym for 'Inspiring the World Of Wireless'. The provider of integrated wireless Internet of Things and telecommunications infrastructure solutions delivers end-to-end services from hardware/software design to connectivity and operations. Its competitive edge lies in turnkey capabilities, enabling full-scale deployments through in-house research and development (R&D), proven manufacturing, and robust infrastructure. The group has been strengthening its core growth pillars with continued investment in scalable R&D. Following the success of the Buddy of Parents (BOP) Button introduced by its wholly owned subsidiary BOP Pte Ltd, the group has expanded its suite of agetech – hardware and software to address challenges of old age – with BOP Presence and BOP Monitor, while enhancing its electronic monitoring solutions for regional compatibility. As reported by The Business Times in May, the BOP Button is a wall-mounted emergency device designed for seniors living alone or without full-time care. With one press, it connects them to a 24/7 response centre. In June, the group also announced that BOP Pte Ltd had won the prestigious DBS Foundation Impact Beyond Award, securing a S$1 million grant to advance innovation in agetech and support seniors in ageing well at home. Japan Foods Holding On Jul 24, Japan Foods Holding non-executive vice-chairman Eugene Wong acquired 60,000 shares at S$0.19 apiece. This increased his total interest from 5.63 per cent to 5.66 per cent. His preceding acquisition was on Jun 24, with 38,000 shares acquired at S$0.26 per share. Japan Foods Holding is one of the leading Japanese restaurant chains in Singapore. Its franchised brands include Ajisen Ramen, Kageyama and Konjiki Hototogisu. The group currently sees Singapore's food and beverage sector shifting from expansion to profit recovery, thus prompting tighter monitoring of outlet performance and a focus on innovation and consumer needs. It has also been actively identifying and extending brands that enjoy greater customer loyalty and have stronger identity than others, while pruning any underperforming brand that may be draining resources. In addition, Wong acquired 9,900 shares in Jason Marine Group at S$0.15 apiece on Jul 24, where he also serves as deputy non-executive chairman. Stamford Land Corp Stamford Land Corp executive chairman Ow Chio Kiat bought 35,000 shares at S$0.435 each. This followed his acquisition of 41,000 shares over the preceding week. He maintains a total interest of 46.18 per cent in the independent owner-operator of luxury hotels in Australia and established real estate developer and investor. The writer is the market strategist at Singapore Exchange (SGX). To read SGX's market research reports, visit
Yahoo
16-05-2025
- Business
- Yahoo
Yangzijiang Financial Holding And 2 Other Undiscovered Gems In Asia With Solid Foundations
As global markets navigate a landscape marked by mixed performances and cautious optimism, small- and mid-cap indexes have shown resilience, posting gains for the fifth consecutive week. This positive momentum highlights the potential for discovering robust investment opportunities in Asia's dynamic market environment. In such conditions, stocks with solid foundations—characterized by strong financial health and strategic positioning—can offer promising prospects amidst broader economic uncertainties. Name Debt To Equity Revenue Growth Earnings Growth Health Rating GakkyushaLtd 18.84% 4.73% 16.81% ★★★★★★ Kanda HoldingsLtd 27.19% 4.45% 15.53% ★★★★★★ Jih Lin Technology 54.08% 1.96% 1.22% ★★★★★★ Shenzhen iN-Cube Automation NA 1.75% -15.44% ★★★★★★ Kondotec 11.26% 7.01% 7.06% ★★★★★☆ Qingdao CHOHO IndustrialLtd 39.70% 14.43% 7.86% ★★★★★☆ Shenzhen Farben Information TechnologyLtd 13.86% 20.51% 3.44% ★★★★★☆ Suzhou Chunqiu Electronic Technology 46.46% 3.33% -19.72% ★★★★★☆ Guangdong Transtek Medical Electronics 19.19% -5.24% -9.23% ★★★★★☆ Suzhou Sepax Technologies 4.44% 21.44% 34.83% ★★★★★☆ Click here to see the full list of 2626 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. We're going to check out a few of the best picks from our screener tool. Simply Wall St Value Rating: ★★★★★☆ Overview: Yangzijiang Financial Holding Ltd. is an investment holding company involved in investment-related activities in China and Singapore, with a market cap of SGD2.59 billion. Operations: Yangzijiang Financial Holding generates revenue primarily from its investment business, amounting to SGD326.23 million. Yangzijiang Financial Holding, a dynamic player in the capital markets sector, has shown impressive growth with earnings rising by 51% over the past year, outpacing the industry average of 41.3%. Its price-to-earnings ratio stands at 8.5x, offering good value compared to Singapore's market average of 12.3x. The company's debt-to-equity ratio increased from 0% to just 0.6% over five years, indicating prudent financial management. Recently, Yangzijiang announced plans to spin off its maritime investments into a separate entity on SGX, aiming for focused growth and enhanced shareholder value while continuing its diversified asset management operations in Southeast Asia's burgeoning investment landscape. Click to explore a detailed breakdown of our findings in Yangzijiang Financial Holding's health report. Examine Yangzijiang Financial Holding's past performance report to understand how it has performed in the past. Simply Wall St Value Rating: ★★★★★☆ Overview: Finatext Holdings Ltd. operates in Japan, providing fintech solutions, big data analysis, and financial infrastructure services, with a market cap of ¥68.90 billion. Operations: Finatext Holdings generates revenue through its fintech solutions, big data analysis, and financial infrastructure services in Japan. The company has a market cap of ¥68.90 billion. Finatext Holdings, a small-cap player in the tech space, has recently turned profitable, setting the stage for a promising trajectory with earnings expected to grow 44% annually. Despite its highly volatile share price over the last three months, Finatext's financial health appears robust. The company boasts cash holdings exceeding its total debt and maintains an impressive interest coverage ratio of 190 times EBIT. Over five years, however, its debt-to-equity ratio has risen from 6.4% to 16.6%. With high-quality past earnings and positive free cash flow, Finatext seems poised for continued growth in an evolving market landscape. Delve into the full analysis health report here for a deeper understanding of Finatext Holdings. Explore historical data to track Finatext Holdings' performance over time in our Past section. Simply Wall St Value Rating: ★★★★★☆ Overview: The Hyakujushi Bank, Ltd. primarily engages in banking activities in Japan and has a market capitalization of ¥106.15 billion. Operations: Hyakujushi Bank generates revenue through its core banking operations in Japan. The bank's financial performance is influenced by various factors, including interest income and expenses related to its lending and deposit services. Hyakujushi Bank, a notable player in the Asian financial scene, stands out with its robust earnings growth of 42.1% over the past year, surpassing the industry average of 29.3%. The bank's total assets reach ¥5,753.6 billion with deposits at ¥4,695 billion and loans totaling ¥3,490 billion. Despite a low net interest margin of 0.7%, it maintains high-quality earnings and primarily low-risk funding from customer deposits. However, its allowance for bad loans is insufficient at 1.3% of total loans but remains appropriate given industry standards below 2%. Recent dividend increases reflect confidence in future performance. Click here to discover the nuances of Hyakujushi Bank with our detailed analytical health report. Gain insights into Hyakujushi Bank's historical performance by reviewing our past performance report. Click here to access our complete index of 2626 Asian Undiscovered Gems With Strong Fundamentals. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SGX:YF8 TSE:4419 and TSE:8386. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-04-2025
- Business
- Yahoo
Yangzijiang Financial Holding's (SGX:YF8) Upcoming Dividend Will Be Larger Than Last Year's
Yangzijiang Financial Holding Ltd. (SGX:YF8) has announced that it will be increasing its dividend from last year's comparable payment on the 15th of May to SGD0.0345. This takes the dividend yield to 5.0%, which shareholders will be pleased with. While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Yangzijiang Financial Holding's stock price has increased by 65% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Before making this announcement, Yangzijiang Financial Holding was easily earning enough to cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to rise by 16.7% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 34%, which is in the range that makes us comfortable with the sustainability of the dividend. View our latest analysis for Yangzijiang Financial Holding The dividend has been pretty stable looking back, but the company hasn't been paying one for very long. This makes it tough to judge how it would fare through a full economic cycle. Since 2023, the dividend has gone from SGD0.018 total annually to SGD0.0345. This implies that the company grew its distributions at a yearly rate of about 38% over that duration. The dividend has been growing rapidly, however with such a short payment history we can't know for sure if payment can continue to grow over the long term, so caution may be warranted. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Unfortunately, Yangzijiang Financial Holding's earnings per share has been essentially flat over the past five years, which means the dividend may not be increased each year. While EPS growth is quite low, Yangzijiang Financial Holding has the option to increase the payout ratio to return more cash to shareholders. In summary, it's great to see that the company can raise the dividend and keep it in a sustainable range. The dividend has been at reasonable levels historically, but that hasn't translated into a consistent payment. The dividend looks okay, but there have been some issues in the past, so we would be a little bit cautious. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. However, there are other things to consider for investors when analysing stock performance. You can also discover whether shareholders are aligned with insider interests by checking our visualisation of insider shareholdings and trades in Yangzijiang Financial Holding stock. Is Yangzijiang Financial Holding not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
