Property Guru (NYSE: PGRU) – Q1 2022 Earnings Review. How Has This Company Fared Since Going Public?

Property Guru (NYSE: PGRU) – Q1 2022 Earnings Review. How Has This Company Fared Since Going Public?


I am pretty sure Property Guru (NYSE: PGRU) $PGRUneeds no further introduction in our local SEA context as most of us would be familiar with the company and how it operates.

This post was originally posted here. The writer, Brian Halim is a veteran community member and blogger on InvestingNote, with a username known as @3Fs and has 2469 followers.

For some who are not aware, Property Guru began trading on 18th March 2022 this year, raising gross proceeds of approximately USD 254m after previously merging with Bridgetown 2 Holdings Limited.

It debuted on the New York Stock Exchange (NYSE) at USD 8.61 but has since seen lacklustre performance in line with most of the other global markets given heightened market risk and volatility. Since making its debut, it has fallen by 14.2%.

The company made its first earning announcement since going public last week, and being an acquainted user myself in the past, I am curious to see how the company performed for the first quarter Q1 2022.

Read More Read More

Will the STI Sink into a Correction Territory?

Will the STI Sink into a Correction Territory?

Since reaching a high of 3,466 points on 17 February 2022, Singapore’s benchmark Straits Times Index (or STI) have subsequently retraced – at the time of writing, it is about 77 points (or 2.4%) shy of falling into the correction territory (when falls by more than 10% from its high) at 3,119 points and below. 

This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2,000 followers.

The big question is – will the STI fall into a correction territory? If you ask me, I would think there’s a 50% chance it may happen – it will largely depend on how the US indexes moves (as the STI tend to mirror its movements.) In terms of technical analysis, the candlestick patterns on the previous 2 trading days are red bearish candlesticks, with stochastic in a downtrend position and pointing downwards (suggesting that there could be further downsides in the coming days ahead); on the other hand, stochastic is already in an “oversold” position, which suggests that any further downsides could be short-lived.  

Read More Read More

InvestingNote Student Ambassador Welcome Session

InvestingNote Student Ambassador Welcome Session

Yesterday was our first meeting with the student ambassadors!

This year, we have 50 student ambassadors from 16 different universities across Malaysia.

The first session is led by Darren ChongDaniel WongThye May Ting and Yong Sheng. We’re also grateful to have Wai Shee Tham from CGS-CIMB Securities Malaysia futures and Don Low from Malacca Securities Sdn Bhd for sharing some motivational messages and experiences with all the students! Also, thanks to Ying Zhi Tan, our previous student ambassador for sharing his previous experience with our current batch of student ambassadors.

We are very excited to see all the student’s participation in the session and we look forward to our upcoming series of investing workshops with all the financial experts. We have that all of you have learnt something through the session and we’ll be having our next meet up tomorrow.

Once again, congratulations to all the student ambassadors and thank you to all our partners for supporting the programme.


InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

apple
android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings, and updates!

My Summary of Mapletree Commercial Trust’s EGM

My Summary of Mapletree Commercial Trust’s EGM

This morning (23 May 2022), Mapletree Commercial Trust (SGX:N2IU) held its Extraordinary General Meeting (EGM) to seek unitholders’ approval on the REIT’s proposed merger with Mapletree North Asia Commercial Trust (SGX:RW0U).

As the CEO’s presentation was exactly the same as that delivered during the dialogue session organised by SIAS with the REIT’s unitholders on 11 May, you can read about it in full in a separate post here.

What you’ll find in this post are responses provided by the REIT’s management during the live Q&A session, along with results of the 4 resolutions put to vote during the meeting:

This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2,000 followers.

Responses Provided by the REIT’s Management to Questions Raised by EGM Attendees

Read More Read More

REITs Symposium SELFIE & WIN Giveaway! [15 lucky winners to win units of CSOP iEdge SREIT ETF (SGX: SRT) shares worth around $200 each]

REITs Symposium SELFIE & WIN Giveaway! [15 lucky winners to win units of CSOP iEdge SREIT ETF (SGX: SRT) shares worth around $200 each]

Image 1

REITs Symposium will be happening this Saturday 21st May! For those who have been issued an entrance ticket to attend physically, here’s another exciting giveaway for you 😉

How to Participate in the Giveaway?

  1. On 21 May (REITs Symposium event day), you will see a big backdrop at the event venue.
  2. Spot the CSOP logo on the backdrop and take a nice selfie of yourself with it. 
  3. Post your photo in your comment in our InvestingNote post below – get 1x chance to win CSOP units worth $200^ each!
  4. Accumulate your chances by 5X! 👇👇
  • Get 2x more chances when you tag a friend in the comment
  • Get 2x more chances when you tell us why you like CSOP’s ETF $CSOP iEdge SREIT ETF S$(SRT.SI) in the comments

We will be selecting 15 lucky winners to win units of CSOP iEdge SREIT ETF (SGX: SRT) shares worth around $200 each, after the event!

This giveaway is only open to InvestingNote members that are physically attending REITs Symposium only.

If you haven’t register for the event, you can sign up through this link: https://bit.ly/REITSYP2022…

Good luck and we’ll see you!

T&Cs apply here: https://bit.ly/3wtZ5OZ

Join the giveaway HERE!


InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

apple
android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings, and updates!

The Performance of International Stocks was on Par with USA before 2010

The Performance of International Stocks was on Par with USA before 2010

Recently, I heard on a podcast that if we cut off the performance comparison between international stocks and the US to before 2010, you will observe that their performance are rather identical.

I sort of think international stocks should have done well in the past to warrant certain dual momentum strategies to always compare the past 6 to 12-month momentum difference between the USA market and international market but like many, it surprised me that they are on par.

Perhaps that is what recency bias does to us.

This post was originally posted here. The writer is a veteran community member and blogger on InvestingNote, with a username known as @Kyith.

Here is the annualized return if you invested in the S&P 500, MSCI USA and MSCI World ex USA from 1970 to Dec 2009:

Read More Read More

Unity Software Inc (NYSE: U) – A Classic Example of a Great Company, Poor Stock Valuation in a Terrible Macro-economic Environment

Unity Software Inc (NYSE: U) – A Classic Example of a Great Company, Poor Stock Valuation in a Terrible Macro-economic Environment

Unity Software Inc (NYSE: U) $Ucrashed by nearly 30% in post-market hours after announcing its Q1 FY22 results which disappoint investors.

The steep crash in the stock price follows the downward momentum of many other recently announced US companies such as Netflix, Amazon, Upstart, Teladoc, Cloudflare, and many others.

This post was originally posted here. The writer, Brian Halim is a veteran community member and blogger on InvestingNote, with a username known as @3Fs and has 2470 followers.

Q1 Earnings Review

The company announced its Q1 results which actually topped the higher end of the revenue estimates at $320m – which was up 36% year on year on the same period.

Read More Read More

Key Pointers to Take Note of in Ascendas REIT’s Q1 FY2022 Business Update (and My Thoughts about Them)

Key Pointers to Take Note of in Ascendas REIT’s Q1 FY2022 Business Update (and My Thoughts about Them)

Image

Ascendas REIT (SGX:A17U), Singapore’s first and largest-listed business space and industrial REIT (with its portfolio comprising 96 properties in Singapore, 34 properties in Australia, 49 properties in the United Kingdom/Europe, and 41 properties in the United States, along with a customer base of more than 1,500 international and local companies from a wide range of industries and activities), have made available its business update for the first quarter ended 31 March 2022 after market hours today (04 May 2022.)

As the REIT is no longer mandated to report its full financial statements on a quarterly basis, no such figures were reported for the current quarter under review. Also, the REIT have also switched to paying out a distribution on a half-yearly basis (as such, there are no distributions declared for the current quarter under review too.)

For the current quarter under review, only updates about its portfolio occupancy and debt profile were made available (where I will be comparing them against the stats reported in the previous 3 months ago), which you’ll read about in this post:

Read More Read More

Exclusive Interview with CapitaLand Integrated Commercial Trust’s (CICT) CEO, Tony Tan!

Exclusive Interview with CapitaLand Integrated Commercial Trust’s (CICT) CEO, Tony Tan!

We’re inviting you to join us for an Interview with CapitaLand Integrated Commercial Trust’s CEO, Tony Tan, to get exclusive insights!

CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$13.5 billion as at 31 December 2021. 

CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/ or office) purpose, located predominantly in Singapore such as Funan Mall, Clark Quay, Bugis Junction and more.

CICT’s portfolio comprises 21 properties in Singapore, two in Frankfurt, Germany and two in Sydney, Australia with a total property value of S$23.8 billion as at 31 December 2021.

This interview is part of REITs Symposium, a MEGA-Hybrid event which will take place at Suntec Exhibition Hall on 21 May and broadcasted LIVE simultaneously to online viewers!

13 REITs will be sending their top management to speak at this event, including SG’s biggest REIT: Capitaland Integrated Commercial Trust, Ascendas REIT and many more.

There will also be a panel discussion touching on the themes of sustainability, globalization, re-opening and ESG, along with lucky draws for participants.

So do join us for this MEGA Event!

**Want to secure an event entrance ticket to attend and meet the REITs’ CEOs in-person, PLUS get a limited-edition InvestingNote T-shirt

Find out more here! (ends 6 May 2359hrs)


InvestingNote is the first and largest community for investors in Singapore. Find out more about us here.

Download our free app here:

apple
android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings, and updates!

Vote & WIN (US Indices DLC edition): Win $30 Capitaland Vouchers!

Vote & WIN (US Indices DLC edition): Win $30 Capitaland Vouchers!

Image 1

Benchmark US indices S&P 500 Index is down ~13% this year at around 4,100 level while Nasdaq-100 Index is down ~21% this year at around 13,000 level.

How do you think these indices will perform in coming months? Which DLCs will you use to express your view?

Vote HERE and comment in this post below the 4-Character STOCK CODE for any US Index DLC and Win now!

We’d be choosing 3 lucky winners to win $30 Capitaland vouchers each!

Image

Launch of DLCs on NASDAQ-100 Index on Thursday 28 April

Building on the success of the S&P 500 DLCs launched in March, Societe Generale is pleased to announce the launch of Daily Leverage Certificates (DLCs) offering 5X Long and Short exposure to the NASDAQ-100 Index on Thursday, 28 April.

The launch of DLCs tracking US benchmark indices is a timely offering for investors looking to gain exposure to the U.S. market via an SGX-listed instrument using Singapore Dollars, and have the flexibility to trade both long and short directions of the market.

Investors should note the US Indices DLCs are only traded during SGX market hours from 9am to 5pm when the US market is closed, hence the DLCs intra-day price movements will be closely linked to the performance of the e-mini S&P 500 & Nasdaq-100 futures which are traded during Asian hours.

$NDX 5xLongSG240425A(CZFW.SI) $NDX 5xShortSG240425A(CYEW.SI) $NDX 5xLongSG240425(CYDW.SI) $NDX 5xShortSG240425(CXEW.SI)

$S&P 5xLongSG250228A(CYAW.SI) $S&P 5xShortSG250228A(CZEW.SI)  $S&P 5xLongSG250228(CUEW.SI) $S&P 5xShortSG250228(CXBW.SI)

For more information on the DLCs on US equity indices, please visit Societe Generale’s US DLC mini-page here.


InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

apple
android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings, and updates!