DBS Group Holdings (SGX:D05) is the first of the three Singapore-listed banks to release its results for the fourth quarter, as well as for the financial year 2020 ended 31 December 2020 early this morning (10 February 2021) – the other two banks will be releasing its results on the final week of February (OCBC on 24th February, and UOB on 25 February – both before market hours.)
In my post today, let us take an in-depth look into DBS’ latest ‘report card’ – particularly its key financial results, key financial ratios, as well as its dividend payouts to shareholders, along with my personal opinions as a shareholder of Singapore’s biggest bank to share.
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.
Key Financial Results (Q4 FY2019 vs. Q4 FY2020, and FY2019 vs. FY2020)
In this section, you will find the bank’s results on a quarter-on-quarter (q-o-q) basis (i.e. Q4 FY2019 vs. Q4 FY2020), as well as on a year-on-year (y-o-y) basis (i.e. FY2019 vs. FY2020):
Q4 FY2019 vs. Q4 FY2020:
|– Net Interest
|– Net Fee & Commission
|– Other Non-Interest
Total income (which consisted of 3 components: net interest income, net fee and commission income, as well as other non-interest income) fell 5.7% on a q-o-q basis to S$3,263m, as a decline in its net interest income (due to a 37 basis point q-o-q drop in its net interest margin to 1.49%), cushioned by an increase in its net fee and commission income (attributed by an improvement in its wealth management fees), as well as in its other non-interest income (as a result of an increase in its trading income.) …
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Blue chip logistics REIT Mapletree Logistics Trust (SGX:M44U) held its extraordinary general meeting (EGM) yesterday afternoon to seek unitholders’ approval on the proposed acquisition of 22 properties in China, along with 1 property in Malaysia as well as in Vietnam. Approval was also sought for its proposed issue of new units of the REIT as partial consideration for its China acquisitions, and also for the proposed whitewash resolution.
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 1442 followers.
Due to the safe distancing measures imposed by the Singapore government (due to the ongoing Covid-19 pandemic), the EGM was held in a hybrid mode – both online as well as offline (limited spaces available.) I have opted to attend the online version of the meeting as a unitholder and in this post, you’ll find a key summary of it, which I’ve compiled for the benefit of those who weren’t able to attend…
Presentation by Chief Executive Officer, Ms Ng Kiat
- The following are details of the acquisition:
- Acquisition of the remaining 50.0% stake in 15 warehouses in China, a 100.0% stake in 7 warehouses in China, 1 warehouse in Malaysia and also in Vietnam
- Aggregate Agreed Property Value: S$1,509.2 million
- Implied Net Property Income yield: ~5.2%
- Net Lettable Area: 1,223,660 sqm
- Committed occupancy rate: 94.7%
- Weighted average lease expiry: 2.3 years
- CEO of Mapletree Logistics Trust, Ms Ng Kiat, shared that the logistics industry have benefited from the ongoing Covid-19 pandemic, where demand for Grade A warehouse space have increased as a result of an increase in adoption of e-commerce.
- She explained that 3 geographical locations which the REIT will be acquiring properties in (China, Malaysia, and Vietnam) have seen their GDPs staying resilient despite the pandemic. Also, these countries are also projected to see a strong growth in their urban population in the years ahead (which will lead to an increase in demand for modern logistics space.) Coupled with the limited supply of Grade A warehouse space in the 3 countries, Ms Ng added that represents an opportunity for the REIT, being a leading provider of quality logistics space in Asia-Pacific, to come in and fill the market gap.
- On top of that, Ms Ng also shared that the warehouses’ locations are strategically located near local consumption hubs in under an hour, which is an important consideration for tenants in e-commerce businesses. Not just that, post-acquisition, the REIT will see new top 10 tenants (by percentage of gross revenue) in JD.com… (which will contribute 2.4%) and Cainiao (which will contribute 2.1%.)
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If you have been shopping online, then the name PayPal should sound familiar to you – as some of the merchants make use of the digital payment platform to accept payments from their customers.
This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with username known as ljunyuan and has 1386 followers.
Before you continue reading today’s post, a disclaimer: I am currently invested in the company I am going to talk about today – PayPal Holdings Inc. (NASDAQ:PYPL). But having said that, as always, rest assured I will be impartial in my analysis of the company.
I’m sure the name PayPal is not one that’s alien to you – especially to those of you who have shopped online before, you should have come across it when making payments, as some merchants make use of its digital payment platform to accept payments from their customers (for a small fee.)
From my understanding in its FY2019 annual report (for the financial year ended 31 December 2019), the company currently has 281 million customer active accounts and 24 million merchant active accounts across more than 200 markets worldwide. The company also owns Braintree (a company based in Chicago in the United States that specializes in mobile and web payment systems for e-commerce companies, which was acquired by PayPal in September 2013), Venmo (a mobile payment service that allows for the transfer of funds between its app users), and Xoom (a platform that facilitates the sending of money, paying of bills, and reloading of mobile phones from the United States and Canada to 131 countries worldwide; the company was acquired by PayPal in November 2015.)
Among the various means that PayPal Holdings Inc. generates its revenue from include: …
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Whenever I shortlist for a list of companies to invest in, one of my many criteria is that the company must have a simple-to-understand business.
This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with username known as ljunyuan and has 1241 followers.
One of the companies under my investment radar is social media conglomerate Facebook Inc. (NASDAQ:FB), which is listed in the United States.
Unless you have been living under a rock all these while, you should know its business – chief of which is its namesake social networking site (many of you should have a personal Facebook account which you use to keep in touch with your loved ones.)
Apart from Facebook, the conglomerate also owns Instagram, Messenger, as well as WhatsApp – all of them you should be familiar with as well, so I shall not further elaborate. Another business which it owns which you may not be familiar with is a company by the name of Oculus (https://www.oculus.com), which produces virtual reality products (the company was acquired by Facebook Inc. in March 2014.)
In terms of revenue, it comes from selling ad placements (on Facebook, Instagram, Messenger, and other third-party applications and websites) to marketers (where they have the option of selecting their target audiences based on a variety of factors including age, gender, location, interests, and behaviours.) …
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Have you heard of the Golden Cross signal? If you listen to the media, you’ll hear about the Golden Cross (like how the market is bullish when it occurs). But is it true? Well, that’s what you’ll learn today…
What is a Golden Cross and how does it work?
The Golden Cross is a bullish phenomenon when the 50-day moving average crosses above the 200-day moving average.
When the market is in a long-term downtrend, the 50-day moving average is below the 200-day moving average.
However, no downtrend lasts forever.
So, when a new uptrend begins, the 50-day moving average must cross above the 200-day moving average — and that’s known as the Golden Cross.
An example of a Golden Cross chart:
This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with username known as Rayner and has 457 followers.
Pro Tip: The opposite is the Death Cross — when the 50-day moving average crosses below the 200-day moving average.
Now some of you are probably wondering: …
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