fundamental analysis Archives - InvestingNote's Signal Blog

Bursa’s FGV Holdings – Is It Doing Well As It Should? (Guest Post)

November 7, 2020 admin

Let’s find out if one of Malaysia’s largest palm oil companies, FGV Holdings Bhd, is still holding up.

This post was originally posted here. The contributor to this article,@Denise is one of our many community members on InvestingNote.

At a quick glance, the share price of FGV has fallen sharply ever since its 2012 IPO reference price high of 4.55 ringgit. That’s a whopping 80% drop!
However, if you have been eyeing a position in FGV, this might be a good opportunity to enter.

But before that, here’s an overview of this particular palm oil company in Malaysia.

𝘋𝘪𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸?
Palm oil is one of Malaysia’s primary industries, and Malaysia is the world’s second-largest producer and exporter of palm oil after Indonesia. The volume of palm oil consumed in Malaysia (2019/2020) is 3.7Million metric tons, while the contribution of palm oil to the Malaysian GDP in 2018 is 2.8%. Exports of palm oil recorded 3.9% of total exports.
…

Read More Read More

The Good and Bad about Mapletree Logistics Trusts’ Q2 and 1H FY2020/21 Results (Guest Post)

November 3, 2020 admin

Mapletree Logistics Trust (Q2 and 1H FY2020/21 Results) – What’s good and what’s bad?

An Analysis of Mapletree Logistics Trust

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 1429 followers.

Back in September, I wrote a post about Mapletree Logistics Trust (SGX:M44U), where I highlighted reasons why the blue-chip logistics REIT was in my ‘shopping list’ (you can check out the post here.)

Last Thursday (29 October 2020), I have finally added the REIT to my long-term investment portfolio at S$1.98 – in terms of its distribution yield, based on its full-year payout of 8.142 cents/unit in FY2019/20, it is 4.1% (you can check out all the companies in my long-term portfolio investment here.)

What I’m going to do today is to discuss the REIT’s results for the second quarter and for the first half of the financial year 2020/21 ended 30 September 2020 (which was released on 19 October 2020) – particularly its financial results, debt, and portfolio occupancy profile, as well as its distribution payout (the REIT is one that continues to pay out a distribution to its unitholders on a quarterly basis), along with my personal thoughts to share.

Let’s begin… …

Read More Read More

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

October 28, 2020 admin

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.

…

Read More Read More

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

October 28, 2020 admin

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.
…

Read More Read More

Mapletree Commercial Trust’s Q2 and 1H FY2020/21 Results – Key Highlights and My Thoughts (Guest Post)

October 23, 2020 admin

Highlights of MapleTree Commercial Trust Results

3 Things You Need to Know About Mapletree Commercial Trust Before You Buy

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 1412 followers.

Mapletree Commercial Trust, out of the other REITs, released its latest results in the evening (its results are for the second quarter and first half of the financial year 2020/21 – it has a year-end every 31 March.) Hence, yesterday was certainly busy for me, where 3 REITs in my long-term investment portfolio (you can check out a list of all the companies I have invested in here) released their latest financial results for the quarter ended 30 September 2020 – CapitaLand Mall Trust (for the third quarter, which you can check out here), and Suntec REIT (also for the third quarter, which you can read here) before market hours.

In my post today, I will be sharing key aspects you need to know about the REIT’s latest update – particularly its financial performance, debt, and portfolio occupancy profile, along with its distribution per unit. On top of that, you will also find my personal thoughts about the blue-chip REIT’s latest set of results peppered throughout the post.

Let’s get started…
…

Read More Read More

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

October 15, 2020 admin

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

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…
…

Read More Read More

The Clorox Company (NYSE:CLX) – Does the Company Make a Good Addition to Your Investment Portfolio? (Guest Post)

October 13, 2020 admin

Is The Clorox Company a good addition to your investment portfolio?

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 1408 followers.

NYSE-listed The Clorox Company (NYSE:CLX) has products on the supermarket shelves that clean and disinfect our homes. What with the ongoing Covid-19 pandemic, people have been stepping up their hygiene standards at home so as to protect themselves as well as their loved ones from being part of the Covid-19 statistic.

Apart from Clorox, some of the brands you should be familiar with (which is also from the company) include Glad’s range of plastic food wraps and food bags (you can check out their range of products on the website of supermarket retailers Cold Storage and Giant), Liquid-Plumr’s range of decloggers (again, you can check out the range of products sold in Singapore on the website of Cold Storage and Giant), as well as Burt’s Bees range of skincare products (you can check out their range of products on Sephora Singapore’s website here.)

In my writeup about The Clorox Company today, I will be sharing with you a bit more about the company’s other businesses, followed by looking at its historical financial performance, debt profile, and dividend payout to its shareholders over the past 6 financial years (as the company has a financial year-end every 30 June, I will be looking at its financial results between FY2014/15 and FY2019/20.) On top of that, I will also be sharing whether or not at its current traded price, is the company considered ‘cheap’ or ‘expensive’ based on its current vs. its historical valuations.

Let’s get started…
…

Read More Read More

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

October 12, 2020 admin

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.
…

Read More Read More

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

October 6, 2020 admin

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.

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…
…

Read More Read More

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

October 5, 2020 admin

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: …

Read More Read More