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Key Highlights in Ascendas REIT’s Q3 FY2020 Business Updates (Guest Post)

Key Highlights in Ascendas REIT’s Q3 FY2020 Business Updates (Guest Post)

Here are the key highlights of Ascendas REIT – Results and business updates.

An Ascend-ing REIT? - Analysis of Ascendas REIT (Part 2)

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 1421 followers.

Another blue-chip REIT in my long-term investment portfolio (you can check out a list of all the companies I’ve invested here), Ascendas REIT (SGX:A17U), released its business updates for the third quarter of the financial year 2020 (ended 30 September) after market hours yesterday (26 October 2020.)

As the REIT have switched to half-yearly reporting for the first and third quarter, there are no updates on their financial results. Likewise, there are also no dividends declared for the two quarters as the REIT have switched to paying out unitholders on a semi-annual basis.

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UG Healthcare – 6 interesting aspects on UG which caught my attention! (26 Oct 2020)

UG Healthcare – 6 interesting aspects on UG which caught my attention! (26 Oct 2020)

What are the 6 interesting aspects that caught my attention about UG Healthcare?

Glove maker UG Healthcare proposes placement to raise $19.1 million, Companies & Markets News & Top Stories - The Straits Times

This post was originally posted here. The writer, Ernest Lim is a veteran community member and blogger on InvestingNote, with a username known as @el15 and has 468 followers.

Dear all, UG Healthcare (“UG”) recently caught my attention. It has tumbled approximately 20% from an intraday high of around $1.15 on 7 Aug 2020 to close at $0.915 on 26 Oct 2020. The Doji formation on 26 Oct 20 on good volume may be an early indication that selling may abate in the near term.

The recent weakness in UG’s share price is likely attributed to profit-taking in the share prices of its Malaysia listed peers and occasional news on the development of vaccines which may result in demand for gloves and consequently their average selling price (“ASP”) falling off the cliff.

I have outlined six interesting aspects of UG which caught my attention.

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A Look into NYSE-listed Restaurant Brands International Inc. (Guest Post)

A Look into NYSE-listed Restaurant Brands International Inc. (Guest Post)

Restaurant Brands International might seem unfamiliar, but did you know Burger King and Popeyes are under RBI?

Restaurant Brands: A Growth Story Missing A Solid Base (NYSE:QSR) | Seeking Alpha

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 1409 followers.

You may not hear of the NYSE-listed Restaurant Brands International Inc. (NYSE:QSR), but I am perfectly sure you have heard of the fast-food brands ‘Burger King’ and ‘Popeyes.’ Together with ‘Tim Hortons’, these three brands come under the company.

Here is some quick information about each of the three brands under the company:

1. Burger King – Founded in 1954, it is currently the world’s second-largest fast-food hamburger restaurant; as at the end of FY2019 (ended 31 December 2019), the company owns or franchises a total of 18,838 Burger King outlets in more than 100 countries and US territories. You can browse through its website here – www.bk.com.

2. Popeyes – Founded in 1972, they are the world’s second-largest quick-service chicken concept, with a total of 3,316 outlets (either owned or franchised) as at the end of FY2019 – you can find out more here – www.popeyes.com.

3. Tim Hortons – This is probably the only brand under the company that we Singaporeans are not familiar with. Established in 1964, with a menu consisting of premium blend coffee, tea, espresso-based hot and cold specialty drinks, along with fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared food, and other food products, there are currently 4,932 outlets (either owned or franchised) in North America and Canada – you can find out more in its website here – www.timhortons.com.

In the latest financial year ended 31 December 2019, Tim Hortons contributed a lion’s share towards the company’s total revenue (at US$3,344m or 59.7%), followed by Burger King (at US$1,777m or 31.7%), and then Popeyes (at US$482m or 8.6%.)

Now that you have a better understanding of Restaurant Brands International Inc.’s businesses, in the remainder of this post, let us take a look at its historical financial performance, debt profile, as well as its dividend payouts over the last 5 years (the period we will be looking at is between FY2015 and FY2019), its current-year results so far (i.e. 1H FY2020 ended 30 June 2020) compared against the previous year (i.e. 1H FY2019 ended 30 June 2019), and finally, whether or not the company’s current traded price is considered ‘cheap’ or ‘expensive’ based on its current vs. its historical valuations.

Let’s get started…

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MM2 Asia Stock Review – Potential Beneficiary from Economy Reopening? (Guest Post)

MM2 Asia Stock Review – Potential Beneficiary from Economy Reopening? (Guest Post)

Will MM2 Asia benefit from the reopening of the economy?

mm2 Asia to acquire Cathay Cineplexes for $230m after failed bid for Golden Village, Companies & Markets News & Top Stories - The Straits Times

This post was originally posted here. The writer, James Yeo is a veteran community member and blogger on InvestingNote, with a username known as @Smallcapasia and has 905 followers.

MM2 Asia is benefiting from the latest announcement of the Government’s green light to allow more patrons in cinemas. On 23 September 2020, the government announced that from Oct 1, large cinema halls with more than 300 seats will be allowed to admit up to 150 patrons in three zones of 50 patrons each.

On the other hand, smaller cinema halls will also be allowed to increase their capacity to 50 percent of their original operating capacity or maintain the current limit of up to 50 patrons per hall, subject to safe management measures.

For Cathay Cineplexes’ parent company – MM2 Asia, it would have breathed a sigh of relief that the worst is probably over as they can welcome more customers.

But that being said, the Cathay cinema is just 1 division of MM2 Asia as the latter owns many more integrated businesses across the content, immersive media, event, and concert industries across Asia.

Mm2 Asia Profile

mm2 Asia is a leading producer of films and TV/online content in Asia. As a producer, mm2 provides services over the entire film-making process – from financing and production to marketing and distribution, and thus has diversified revenue streams.

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SPH REIT’s 2H and Full-Year Results for FY2019/20 – The Good and The Bad (Guest Post)

SPH REIT’s 2H and Full-Year Results for FY2019/20 – The Good and The Bad (Guest Post)

SPH REIT’s 2nd Half and Full-Year Results (FY 2019-20) – The Good and The Bad

SPH REIT just slashed its dividends. Will other retail REITs follow suit?, Money News - AsiaOne

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 1405 followers.

Time flies. We are now into the final quarter of the calendar year 2020. With that, we are into another round of earnings season, where, over the next couple of weeks, we await for companies to release their updates for the quarter ended 30 September 2020. SPH REIT however, has already released its financial results.
Just like in the previous quarters, I will be providing updates on companies in my long-term investment portfolio (you can check out all the companies I’ve invested in here) as and when the management makes available the latest updates.

SPH REIT (SGX:SK6U) was the first company that released its financial results for the second half of the financial year 2019/20 (the period between 01 February and 30 August 2020), as well as for the full-year 2019/20 yesterday evening (06 October 2020) after market hours.

In this post, you will find key components of the retail REIT’s latest results to take note of, along with my personal thoughts…

Financial Results (2H FY2018/19 vs. 2H FY2019/20, and FY2018/19 vs. FY2019/20)

In this section, you will find the REIT’s financial performance for the second half of the financial year 2019/20 compared against the same period last year (i.e. 2H FY2018/19), as well as the REIT’s full-year results for FY2019/20 compared against its results for the previous financial year 2018/19:

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Uncertainty Breeds Returns (Guest Post)

Uncertainty Breeds Returns (Guest Post)

An increase in uncertainty in the global markets has exacerbated the dollar bull market and market outperformance.

Forecasting in a Time of Uncertainty: Tech Markets • sopsa.org

 This post was originally posted here. The writer, Kyith Ng is a veteran community member and blogger on InvestingNote, with a username known as @kyith and has 1091 followers.


With the FED having a mandate to hold the short-term interest rate for a prolonged period of time and their willingness to let inflation run above 2%, it makes us wonders if interest rates would ever tick up amongst the uncertainty.

BCA Research points out that in the past 30 years, there has been a strong link between major moves in real 10-year yields and the amount of excess savings in the economy.

Currently, the gross private savings have been very well boosted by the fiscal stimulus but also that people tend to become more prudent when things are uncertain.

As people’s salary regain traction and consumer sentiment recovers, it is likely the savings rate will decline and perhaps yield might start moderating upwards.

I am thinking less about the REITs but more about whether the insurance companies and the finance company can finally have some yield spread to play with so as to earn some interest income. This would change the picture for the financials and insurance company as to whether there is a catalyst for the share price to do well.

BCA has this idea for people to remain overweight global equities in your core positions but it would be good to pair with a portfolio of stocks to short. These are the stocks that are particularly vulnerable if the market corrects.

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Monster Beverage Corporation – What You Need to Know about the NASDAQ-listed Company (Guest Post)

Monster Beverage Corporation – What You Need to Know about the NASDAQ-listed Company (Guest Post)

Monster Beverage Corporation (NASDAQ:MNST) is in the business of developing, marketing, selling, and distributing energy drink beverages, as well as concentrates for energy drink beverages.

Monster Beverage Corporation's 'Monster Energy' Drinks. Photo by Christian Wiediger on Unsplash

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 1404 followers.

The company has three operating and reporting segments, namely:

(i) Monster Energy drinks and Reign Total Body high-performance energy drinks, where its range of products are sold in 148 countries and territories globally,

(ii) Strategic brands segment, which comprises of various energy drink brands acquired from The Coca Cola Company in 2015; its products are currently sold in 106 countries and territories globally,

(iii) Other segments, which comprises of certain products sold by American Fruits and Flavors LLC to independent third-party customers.

As for the company’s customer segments, as at the end of the financial year 2019 (ended 31 December 2019), they are as follows:

  • 58% – US full-service bottlers/distributors
  • 33% – International full-service bottlers/distributors
  • 7% – Club stores, mass merchandisers, and e-commerce retailers
  • 1% – Retail grocery, specialty chains, and wholesalers
  • 1% – Others

In the remainder of today’s post about Monster Beverage Corporation, you will read about its historical financial performance and debt profile (over a 5-year period), its key financial performance for the first half of the current financial year (compared against the same period last year), and finally, whether or not at its current share price, is the company considered ‘cheap’ or ‘expensive.’

Let’s begin…

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ThumbTack Fund Report 2 – Dancing Between The Raindrops (Guest Post)

ThumbTack Fund Report 2 – Dancing Between The Raindrops (Guest Post)

 Part 2 Of My Fund Report

Four steps to follow while investing during a pandemic

This post was originally posted here. The writer, ThumbTack Investor is a veteran community member and blogger on InvestingNote, with a username known as @ThumbTack Investor and has 3610 followers.

Fund Report part2; S&P weakened considerably since the inaugural TTF’s 1st report on the 28th Aug: https://thumbtackinvestor.wordpress.com/2020/09/06/thumbtack-fund-report-1-tough-times-dont-last-but-tough-funds-do/

That’s exactly what I’ve been doing in September.

I’ve managed to dance between the raindrops in the past month or so, as TTF continued to grow strongly, largely on the backs of just a couple of nicely timed positions.

1 of which is to enter into long positions in BBBY just the week before earnings release:

Time for some numbers:

TTF fund cumulative money weighted return since inception in Feb 2020: +25.66%, YTD returns: +25.45%

Total deposits: USD 165,913.77

Current NAV: USD 194,405.75

Quantum gain: USD 28,491.98

This compares favorably with the 3 benchmarks I use:

I’m pleased with how TTF managed to dance between the raindrops, bucking the trend and adding further gains in a volatile September, from a YTD return of +15.46% to the current +25.45%, adding 9.99% to the returns in September alone.

Since the last report about a month ago, SPY has dropped 2.32%, reflecting the correction in tech in September. VT has dropped 1.3% YTD, tracking the decline in S&P.

STI has remained fairly “resilient” by dropping only 0.43% in September, but then again, a -20.85% YTD return is scant comfort. I guess GOT wisdom applies here: “What is dead, may never die!”

TTF’s top 5 generals is a highly coveted list… and truth be told, I’m surprised that I’ve made changes to the 5 names more frequently than I expected to when I started in Feb.

Feb:

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7 Interesting Stock Ideas – October 2020 (Guest Post)

7 Interesting Stock Ideas – October 2020 (Guest Post)

Here are some stock ideas for you to take note of, in times of such volatility period.

ZOOM Shares Double as Investors Mistakenly Bet on Company | Time

This post was originally posted here. The writer, James Yeo is a veteran community member and blogger on InvestingNote, with username known as @smallcapasia and has 905 followers.
September will be remembered as the month with massive stock corrections. S&P 500 has retraced about 8% from its high on 2 September while Nasdaq index has retraced about 9.5%.On the bright side, it will also be remembered as the month where Singapore relaxes its COVID measures further. It is a time for rejoicing as 100 people can attend wedding functions now!These loosening of measures have also had effects on the Singapore stocks. Stocks’ volatility is bound to increase with the USA’s election around the corner. It is necessary for investors to take note of solid companies to tide through this volatility.
Here are 7 interesting stock ideas for the month of October for you to take note of.

#1 Food Empire Holdings Limited

Lim and Tan Securities have maintained its Accumulate rating and upgraded its target price of the company from $0.61 to $0.72.

This is at the back of ” stringent cost reduction measures where necessary and this resulted in a noticeable 10.5% decrease in SG&A expenses YoY for 1H20, allowing them to eke out a YoY increase of 1.1% in NPAT despite the fall in revenue and gross profit.”

Moreover, the analysts are also having the view that “any possible future lockdowns will not be as serious as that of the first global lockdown and that a recovery in 2H20 is imminent.”

#2 AEM Holdings Limited

Maybank Kim Eng has maintained buy on AEM Holdings and upgraded its target price from $4.26 to $5.05.

The positive increase in share price estimates is because AEM continues to provide relevance to its customers. Taking reference from ” Intel’s Architecture Day include that Intel will continue to decouple design from process technology, as well as focus on advanced packaging technologies to drive leadership products.

We believe this is favorable to AEM as heterogeneously packaged chips come with testing challenges at the wafer level that can be overcome by SLT at the packaged level to ensure product reliability. ”

The next catalyst for growth is from Automotive Chips. “Automotive chips are challenging to test given requirements for zero defect and high thermal reliability. AEM presented at the SEMI SEA 2020 conference on how its asynchronous, modular and massively parallel approach to SLT can tackle these challenges in a cost-effective way.

We walked away with a greater appreciation for AEM’s AMPS solution, and believe exciting end-markets beckon for AEM.”

#3 HRnet Group Limited

CGS CIMB has upgraded its ratings from Hold to Add and has a price target of $0.523.

The company has been upgraded at the back of attractive valuation and a 5% yield. ” The group had S$286m net cash as of end-Jun 20 (forming c.65% of market cap) and offers c.5% FY20-22F dividend yield.

This makes it one of the cheapest and highest dividend-paying stocks among global recruitment companies. Catalysts are synergistic M&As and more job creation.”

The next apparent push for the company is the “government’s push for more job creation and local employment given its relative focus on domestic candidates.

New offices (e.g. RecruitFirst in Jakarta, HRnetOne Shenzhen) and services (outplacement) could help diversify its revenue sources.”

#4 Lendlease Global Commercial REIT

DBS has maintained buy on Lendlease REIT with a target price of $0.90.

The valuation has been a result of the “repositioning 313@Somerset’s tenant mix in view of its enlarged footprint to c.330k sqft and shopper base following the launch of Grange Road carpark redevelopment in 2Q22.

With projected returns of 18% from the redevelopment, we see DPU growing by 3% CAGR in FY21-22.”

There could also be some accreditive acquisitions in the pipeline. Analysts ” believe that LREIT’s first acquisition, which could be a stake in quality suburban mall JEM, maybe just around the corner.

Likely to be debt-funded, the yield accretion will further boost the REIT’s DPU profile. Higher DPU growth rates will be a catalyst for a share price re-rating.”

 

#5 Ho Bee Land Limited

CGS CIMB has maintained a rating of Add and has increased its target price from $2.56 to $2.70.

The continued support on the rating is due to “HoBee for its strong recurring income profile, derived from rentals in Singapore and UK. Upside catalyst: continued deployment of capital; downside risk: asset devaluation from its investment property portfolio.”

And also ” factor in HoBee’s latest capital deployments into c.S$250m worth of new investments over the past six months.”

Another positive factor is also due to projected ” FY20F EPS is also increased by 5.88% as we factor in a faster-than-projected handover of residential units in China.”

 

#6 Avi-Tech Electronics Limited

RHB Capital has maintained its buy rating on the company with a target price of $0.52.

The rating and positive sentiments from RHB are due to a few factors. “Burn-in testing for automotive component still growing strongly. With the sector slowdown – in effect since 2018 – having bottomed out, its outlook should improve.

Avi-Tech’s performance should continue to pick up in FY21F, with decent growth from burn-in services, which fetch a much higher GPM. ”

Also, the company is in a net cash position which is extremely valuable in the industry.

“With a net cash balance sheet and strong operating FCF, management should continue to reward shareholders with attractive dividends, despite the drop in profits over the previous year.”

#7 SBS Transit Limited

CGS CIMB has initiated an Add rating on SBS Transit with a target price of $3.40.

One of the main reasons is that it is the “leading bus operator in Singapore”. “As a beneficiary of Singapore’s public policy that favors public transport over private vehicle ownership, SBUS offers long-term structural growth, in our view.

SBUS holds a market leadership position in the public bus industry (61% market share by bus routes in 2019), which generates defensive earnings and stable cash flow under the Bus Contracting Model (BCM). It also operates 3 of the 8 existing rail lines in Singapore as at end-1H20.”

It is also “a recovery play” with the revival of the economy. “We expect public transport ridership to return to c.90% of pre-COVID levels by FY21F.

Since the lifting of the circuit breaker in Jun, ridership has steadily improved – SBUS rail ridership rose to c.55% of pre-COVID levels in Aug (Jul: 50%).

Once again, this article is a guest post and was originally posted on smallcapasias profile on InvestingNote.

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UPDATE: SG Active Trading Tournament Final Round

UPDATE: SG Active Trading Tournament Final Round

The Elimination Round of SG’s Biggest Trading Tournament is over and we are now heading to the FINAL ROUND!

It was no easy feat competing with over 2000 other traders but they made it to the TOP 10 Leaderboard. Check out who they are!

462752-recoveredcropped

The spotlight is now on them who will be moving on to the Final Round, which begins 12th Oct to 23rd Oct.

See all their trades & portfolio here: http://bit.ly/SGATT2020

Each trader will begin with $100,000 of new virtual capital and will go head to head with each other. The Top Prize is $4,000 cash!

Who do you think will emerge as the TOP ULTIMATE TRADER IN SINGAPORE?

Become a part of our community and also see what other investors are saying about the current market right now: (click on the view now button)

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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!