Earnings due 05 Feb: AW9U.SI First REIT S$0.27 (SES) 03 Feb 2026, dividend test

AW9U.SI stock is trading at SGD 0.27 intraday on 03 Feb 2026 as investors position ahead of First Real Estate Investment Trust’s earnings due 05 Feb 2026. Volume is elevated at 7,619,100 shares versus a 30‑day average of 1,184,219, showing heavy intraday interest. Key near‑term questions are dividend sustainability and lease revenue visibility from the REIT’s Indonesia and Singapore healthcare portfolio.

Earnings preview for AW9U.SI stock

First REIT reports earnings on 05 Feb 2026. Analysts will watch distributable income and any guidance on rental escalations from Siloam Hospitals in Indonesia. The trust’s last reported EPS is SGD 0.02 and management commentary will shape dividend expectations.

Investors should track disclosures on lease renewals and related party revenue. Those items drive near‑term cash flow and the payout ratio, currently above 100% on trailing figures.

Intraday price action and liquidity

On 03 Feb 2026 AW9U.SI is at SGD 0.27, down 3.57% for the day from a previous close of SGD 0.28. The trading volume of 7,619,100 is 6.35x the average, signaling outsized intraday flows. The 50‑day average is SGD 0.27 and the 200‑day average is SGD 0.27, indicating the price is near its trading averages.

Year range is SGD 0.25 to SGD 0.29, so current price sits close to the high end of the 12‑month band.

Valuation, dividends and fundamentals

First Real Estate Investment Trust (AW9U.SI) trades at PE 13.50 on reported EPS SGD 0.02 and a market cap of SGD 569,545,845. Book value per share is SGD 0.28 and PB is 0.98, suggesting the stock is near book. Trailing dividend yield is 8.26% with dividend per share SGD 0.0223 and a payout ratio of 126.25%, highlighting a distribution funded partly by non‑core sources.

Leverage metrics show debt to equity of 0.78 and net debt to EBITDA near 4.99x, which raises sensitivity to interest cost changes. The current ratio is low at 0.18, pointing to tight short‑term liquidity.

Meyka AI rates and AW9U.SI stock forecast

Meyka AI rates AW9U.SI with a score out of 100: 65.44 (Grade B) and a HOLD suggestion. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade highlights solid asset backing but flags payout pressure and leverage.

Meyka AI’s forecast model projects a near‑term base target of SGD 0.30 and a monthly level of SGD 0.28. Compared with the current price of SGD 0.27, the model implies an upside of 11.11% to the yearly base. Forecasts are model‑based projections and not guarantees.

Technical outlook and trading signals for AW9U.SI stock

Technical indicators show RSI 59.06, a mild momentum reading below overbought. Bollinger Bands sit at upper SGD 0.28 and lower SGD 0.27, reflecting low intraday volatility. Relative volume expansion suggests short‑term directional pressure ahead of results.

Support sits at prior session low SGD 0.27 and immediate resistance at SGD 0.28–0.29. Traders should note a high on‑book volume (OBV negative) and caution around news flow on 05 Feb.

Risks, sector context and analyst points

Key risks include weaker distributable income, lease renewal delays in Indonesia, and currency exposure. First REIT sits in the Real Estate sector where average PE is 21.95; AW9U.SI’s PE of 13.50 is below that sector mean, reflecting strategy, geography and asset mix.

Sector trends show demand for healthcare assets in Asia but also higher funding costs for leveraged REITs. Analysts will watch whether First REIT narrows its net debt to EBITDA and sustains the 8.26% yield without cutting the payout.

Final Thoughts

AW9U.SI stock trades at SGD 0.27 intraday on 03 Feb 2026 as the market prices risk ahead of the 05 Feb 2026 earnings release. The immediate debate is dividend sustainability: trailing payout ratio at 126.25% and net debt to EBITDA near 4.99x raise caution, even as PB near 0.98 supports the balance sheet. Meyka AI’s forecast model projects a yearly base target of SGD 0.30, implying an 11.11% upside from the current price. For conservative scenarios, a downside test to SGD 0.24 could occur if distributable income misses, while a successful earnings beat and clearer cash flow could push the stock toward SGD 0.33. These figures are model‑based projections and not guarantees. Investors should weigh yield attraction against leverage and short‑term liquidity before acting. For live filings and company updates visit the First REIT site and official SGX announcements. Meyka AI provides this as AI‑powered market analysis to inform investor research and is not investment advice.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.