A 14.6% jump in half-year DPU to 8.77 cents sounds like a win for your CPF or SRS income. But the release says almost nothing about gearing, which was already creeping toward my 35% ceiling. Listen in as Angela and I walk through what’s confirmed, what’s still open, and why I’m not declaring victory yet.
Key takeaways:
Half-year DPU rose 14.6% to 8.77 cents, but this is not a trailing twelve-month yield.
The release is silent on gearing, so we cannot confirm if it has crossed 35%.
Revenue actually slipped 1.6%, making the DPU growth even more interesting to unpack.
I’m waiting on full financials and the second half DPU before moving the zone call.
CTA: Full forensic breakdown on Substack. Early alerts on Telegram.
Iggy’s Forensic Disclaimer
This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.
