dividends.sg / Original research
What changed in the numbers. What it means for the dividend.
FCT’s first-half property income rose 20.2%, while distribution per unit increased 1.4%. The Northpoint City South Wing acquisition lifted income, but a larger unit base, financing costs and capital spending matter when assessing the payout.
Read the analysis →A-Smart reported its first property revenue and a FY2026 profit, but development spending drove an operating cash outflow. The board withheld a dividend while the group funds construction in Timor-Leste.
Read the analysis →Jawala declared no FY2026 dividend after a RM9.54 million group loss. A valuation write-down explains part of the loss, but cash outflows and higher borrowings also weigh on its capacity to pay shareholders.
Read the analysis →Geo Energy expects a substantial third-quarter profit improvement as coal sales rise and its new logistics route cuts costs. Its preliminary update strengthens the earnings case for dividends, but the size of any payout still depends on reported profit, cash flow and funding needs.
Read the analysis →OUE REIT paid 1.26 cents per unit for 1H 2026, up from 0.98 cents a year earlier. Stronger hotel income and lower finance costs helped, but operating cash flow alone does not measure the payout’s cash support.
Read the analysis →iFAST lifted its second interim dividend to 3.00 cents and now expects to propose at least 12.00 cents for FY2026. First-half earnings grew, but operating cash flow fell as customer-deposit growth slowed and product financing receivables rose.
Read the analysis →Mapletree Logistics Trust reported higher property income and operating cash flow for the June 2026 quarter, yet its distribution per unit barely moved. The distribution mix and financing demands call for a cautious reading of the improvement.
Read the analysis →Revenue rose 10%, but a larger medical devices loss left Vicplas deeper in the red. Cash generated from operations did not cover plant and equipment payments, adding to the case for preserving cash.
Read the analysis →Seatrium’s first-half profit rose sharply and its previous full-year dividend doubled. Yet asset-sale gains helped lift earnings, operating cash inflow was modest, and the board recommended no interim dividend.
Read the analysis →Autagco declared no FY2026 dividend. Despite raising S$2 million from shares during the year, it ended July with S$60,000 in cash and continued to use cash in operations.
Read the analysis →Lendlease REIT’s second-half distribution rose to 1.8546 cents per unit, but 0.0681 cent is classified as a return of capital for Singapore tax purposes. Its property income improved, while a larger unit base and lower operating cash flow complicate the payout picture.
Read the analysis →ST Engineering raised its second-quarter interim dividend to 5.0 cents a share. First-half operating cash covered capital purchases, dividends paid and treasury share purchases, but left a narrower margin before financing payments.
Read the analysis →Our research uses company filings and AI-assisted analysis. Sources are linked so you can check the figures and context. Commentary is for information and is not personalised investment advice.