InvestingNote's Signal Blog

Our valued Partner – Societe Generale has launched 7X DLCs on HSTECH Index!

The new SocGen 7X DLCs on the Hang Seng TECH Index have started trading on 4 April 2023.

The new DLCs offer investors 7 times leverage exposure on the daily performance of the index for both Long and Short trades.

View the full list of HSTECH DLCs on SocGen’s DLC website here.

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InvestingNote is the largest & most active community of investors & traders in Singapore & Malaysia. Find out more about us here.

Download our free app here:

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!

REITs Symposium 2023 is here and this time it’s a fully physical event!

As the largest REITs event in Singapore, we seek to address the global headwinds such as interest rates, inflation, muted economic growth, and mixed market sentiments.

Here are the key questions we will attempt to answer during the event:

• Amidst the chaos, how is each REIT sector being resilient?
• What will happen when interest rates remain high?
• How will REIT and property managers adapt in this “new normal”?
• Where are the Opportunities?

Our keynote speakers include REITs representatives such as CEOs, industry experts, and panelists who will be sharing their insights on the current market conditions, as well as providing valuable tips and insights on how to evaluate and invest in REITs.

📌 Location: Suntec Convention Centre Hall, Summit 1 & 2 (Level 3)

📌 Date & Time: May 20, Sat, 9.00AM – 6.00PM

This year, the highlights include:

✅ Fun booths

✅ Technical Analysis Zone

✅ Influencer and Blogger Meet-Ups

✅ Spot-the-difference Challenge

Seats are limited and tickets are offered on a first-come-first-served basis. $10 per pax $14 for 2 pax (bring your friend).

Also stand a chance to win attractive prizes worth $2,000, including an OSIM massage chair worth $888, vouchers, and more!

Register here: https://bit.ly/SGRS2023

See you there!

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InvestingNote is the largest & most active community of investors & traders in Singapore & Malaysia. Find out more about us here.

Download our free app here:

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!

We had the honour to attend the 1000 Enterprises for Children-In-Need and 1000 Philanthropists Appreciation Event 2023 last night, hosted by Singapore Children’s Society!

It was an event to show appreciation to all the enterprises and philanthropists who had made great contributions to Children under the care of Singapore Children Society.

We were accompanied by our guest of honour Mr Teo Chee Hean Senior Minister and Coordinating Minister of National Security and the Chairman of Singapore Children Society Mr Koh Choon Hui.

It was truly an amazing night, filled with delectable food, wonderful performances as well as a silent auction.

We’ve supported this cause since 2015 with some of the proceeds from the sales of our veteran community member, @Stockcham’s Trading Guide eBook.

We would also like to take this opportunity to thank everyone who purchased Stockcham’s Trading Guide for the support.

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InvestingNote is the largest & most active community of investors & traders in Singapore & Malaysia. Find out more about us here.

Download our free app here:

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!

In today’s post…

This post was originally posted here. The writer, Jun Yuan Lim is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2062 followers.

From an initial portfolio of just 3 retail properties (in Funan, Junction 8, and Tampines Mall) when it was listed back in July 2002, CapitaLand Integrated Commercial Trust’s (SGX:C38U) portfolio now comprises a total of 26 retail, office, and integrated development properties in 3 different countries (Singapore, Germany, and Australia.) The REIT is also a constituent of Singapore’s benchmark Straits Times Index (STI) since September 2008.

Following the conclusion of its financial year on 31 December 2022 (you can read my review of its Q4 and FY2022 results here), the REIT have made available its annual report, along with its novice of annual general meeting (AGM) early this morning (22 March 2023.)

In today’s post, you’ll find key highlights to take note of in its annual report, details about its upcoming AGM, as well as an EGM conducted after the conclusion of its AGM on the very same day to seek unitholders’ approval for the REIT’s entry into the ‘New Singapore Property Management Agreement’ (more details below):

‌

Message to Unitholders

Delivering Growth Amid Headwinds:

• Despite headwinds posed by geopolitical tensions, high energy prices, and inflation, CapitaLand Integrated Commercial Trust (or CICT for short) continued to deliver growth in its distributable income, where it went up by 4.1% to S$702.4m (FY2021: S$674.7m), as a result of higher contribution from the enlarged portfolio, and better performance from existing properties. However, the REIT had retained distribution income of S$7.9m and S$2.7m received from CapitaLand China Trust and Sentral REIT respectively for general corporate and working capital purposes. Distribution Per Unit was up by 1.7% to 10.58 cents (FY2021: 10.40 cents.)
• Gross revenue climbed by 10.5% to S$1,441.7m (FY2021: S$1,305.1m), and net property income surpassed the S$1 billion mark for the first time, growing by 9.7% to S$1,043.3m (FY2021: S$951.1m), due to contributions from the REIT’s new acquisitions (which includes 66 Goulburn Street, 100 Arthur Street, a 50.0% interest in 101-103 Miller Street and Greenwood Plaza in Sydney, Australia, and a 70.0% interest in CapitaSky), higher revenue from gross rental income and gross turnover rent. However, this was partly offset by higher energy cost, as the energy tariff rate was almost double that of FY2021.

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The bull pennant is a chart pattern that forms a triangle during pullback. 

It’s a powerful and versatile chart pattern that lets you “buy low” in an existing uptrend. 

This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has close to 750 followers.

But in today’s guide…

I’m not here to show you what the bull pennant is.

Instead, I will show you how to enter your trades with the pattern and profit from the markets.

After you finished reading this article…

You’re immediately equipped with practical knowledge to tackle the markets with the bull pennant pattern.

Are you excited?

Then let’s get started!

What is the Bull Pennant Pattern, and How Does It Compare With Other Patterns?

First of all…

I’m sure you’ve heard of the symmetrical triangle pattern, which you can check out in this article here.

But…

What’s the difference between a bull pennant and a symmetrical triangle?

Simple.

It’s their duration.

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I won’t say Sheng Siong is cheap byany of the traditional ways today.

This post was originally posted here. The writer, Willie Keng is a veteran community member and blogger on InvestingNote, with a username known as @Willie and has close to 140 followers.

And given the fact it’s biggest market istiny island Singapore, I don’t think shares look cheap unlike what manyanalysts are projecting.

Having said that, I find Sheng Siong possesses a safe,“low-risk” business qualities.

But does is it mean it’s a buy at today’s price?

Well, let’s find out.

Why Sheng Siong punches above its weight

There are many problems Singapore companiesface – lack of a large market, intense competition and especially, risingoperating costs.These are top issues supermarket chains face.

But what I’mlooking at is companies focusing on a particular niche that big players bigplayers are unwilling to thread – a niche.

And that’s where Sheng Siong stands out.

The thing is, Sheng Siong financial numbersare surprisingly good. It’s not because it’s in a well-protected, highlyprofitable industry. In fact, the opposite is true. Sheng Siong is rightin the middle of an intense grocery market.

To its left, there’s NTUC FairPrice thatdominates every corner of Singapore.

To its right, there’s Cold Storage. ShengSiong simply cannot compete head-on with these big players.

And both players havebig financial backers — the government owns NTUC FairPrice. While the JardineGroup, a rich family that owns DairyFarm’s Cold Storage.

These giant operators areoften anchor tenants in shopping malls. And occupy far larger shop spaces.

What’s more, e-commerce is also the annoying disruptor that tries to steal
market share from supermarkets like Sheng Siong.

But here’s what I found fascinatingabout Sheng Siong.What it lacks in size is its laser-focus on competing in aniche – attracting “time-strapped”, budget-conscious buyers.

You wouldn’t find a Sheng Siongoutlet in a shopping mall.

Yet, if you dive deeper, the 38-year-old supermarketchain is found almost in all HDB estates. Management doesn’t bother to fightwith NTUC or Cold Storage.

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Headquartered and listed in Singapore, DBS Group Holdings Limited (SGX:D05) is not only the largest bank in its home country, but it is also a leading financial services group in Asia with a presence in a total of 19 markets (including Singapore.) The bank have won a slew of prestigious accolades in 2022, including being named as the “World’s Best Bank” by Global Finance, along with “Digital Workplace of the Year: Cutting Edge Award” by Digital Workplace Group. On top of that, it was also featured in the “100 Best Workplaces for Innovators” ranking from Fast Company.

This post was originally posted here. The writer, Jun Yuan Lim is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2100 followers.

Following the release of its fourth quarter, and full year 2022 results on 13 February 2023 (you can read my review about it here in case you’ve missed it), the Singapore-listed bank have published its annual report yesterday (09 March 2023) morning (which, as usual, is packed with details), along with notice of its upcoming annual general meeting (AGM.)

For the benefit of those who do not have the time to go through the report, you can read my summary about it in this post, along with details about its upcoming AGM.

Let’s begin:

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Sea Ltd (NYSE: SE) announced Q4 FY22 and Full-Year results last evening which came in favourably on the eye of the beholder.

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 close to 2500 followers.

I have written a few pieces of articles in the past relating to SEA, my last piece was back in May last year for its Q1 FY22 when sentiment was really poor at the time.

‌For those who wanted to know my average price on SEA, I started initiating it at $100 in March last year, and then continued averaging down for a couple of times. My average price is currently at around $86, although if you include the options premiums earned over the past 10 months on SEA (at around $13.5k worth), my post average price is probably lower at around $77.

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Following my post in late-February where I shared 6 US companies that have increased their dividend payouts every single year over the last 5 years (in case you’ve missed out the post, you can check it out here – https://www.investingnote.com/posts/2584979), I have received requests from readers to do the same for Singapore-listed companies.

This post was originally posted here. The writer, Jun Yuan Lim is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2100 followers.

As the saying that goes, “ask and you shall receive…”, in today’s post, you will find 7 Singapore-listed companies that have increased their payout over the last 5 years – the best thing about these companies is that, their dividend payouts were not disrupted even during the worse of the Covid-19 pandemic back in 2020. Another thing to note is that these companies also have displayed strong financial performances in the same time period (even in the year 2020.)

Let’s begin:

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One of the things that keep retail investors away from REITs at the moment is the impact of rising interest rates on distribution (also known as dividends, but it is referred to as ‘distributions’ in REITs) payouts.

This post was originally posted here. The writer, Jun Yuan Lim is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2100 followers.

For those who are new to investing, you may be wondering how is it so – you see, as REITs are mandated to pay out 90% of their taxable earnings as distributions to qualify for tax exemptions, whenever they need to embark on acquisitions (which is the quickest way to grow their revenue), they will need to borrow money to do so. With interest rates at much higher levels currently (as a result of a series of interest rate hikes by the Federal Reserve for the whole of 2022), the REITs management have drastically reduced acquisition activities so as to avoid being over leveraged – that said, revenue growth will slow, and so too will the growth of distribution payout to unitholders.

Not just that, REITs are also faced with rising interest costs for the existing borrowings (if they are not being hedged at fixed rates) – this will also see distributions being negatively impacted as well.

That being said, in a situation like this, my opinion is that REITs with a higher percentage of borrowings hedged at fixed rates (my ideal is 80% and above), along with a low percentage of borrowings due from now till end of calendar year 2025 (why 2025 you may ask – that is because I foresee interest rates to come down to more manageable levels only by then) will have their distributions less impacted compared to those that don’t.

What I’ll be doing in this post is to share with you a simple analysis that I’ve done to find out the extent in which distributions by the 8 REITs I’m invested in (you can view my long-term portfolio here) will be impacted by the current high interest rate environment, by taking a look at their debt profile as at 31 December 2022 (I will be looking at 3 statistics in particular – its aggregate leverage, percentage of borrowings on fixed rates, and approximately how much [in percentage terms] of borrowings will be expiring from now till the end of calendar year 2025):

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