Listed on the Stock Exchange of Hong Kong since 30 June 2005 (under the ticker symbol SEHK:1919), and subsequently on the Shanghai Stock Exchange since 26 June 2007 (under the ticker symbol SHA:601919), COSCO Shipping Holdings Co., Ltd ($COSCO SHIP HOLD(1919.HK)) is in the business of providing container shipping, managing, and operating container terminals, along with other terminal-related businesses.
Unless you have been living under a rock, I’m sure you should know about all the negativity surround SEA Limited (NYSE:SE) at the moment – as a result of the economic headwinds, and with the company sinking deeper into a net loss position, it has made the painful decision to undergo a few rounds of retrenchment exercises.
The company’s top management have also made the decision to forgo their salaries until it achieves ‘self-sufficency.’ Additionally, the CEO Mr Forrest Li, also said the company will be changing its focus from growth to achieving net profit.
Yesterday evening (15 November), the company have made available its results for the 3rd quarter, as well as for the first 9 months of the financial year 2022, and as a shareholder of the NYSE-listed company (with my average price at US$191.87), you will find my review (where I will be highlighting the good and bad) about its latest financial performance, cash flow statement, along with comments from its CEO.
SEA Limited derives its revenue from 3 business segments:
i. Digital Entertainment – Through Garena, a leading online games developer and publisher with games such as League of Legends, Call of Duty, Arena of Valor, Free Fire, and Speed Drifters;
ii. E-commerce & Other Services – Through Shopee, a leading e-commerce platform in Southeast Asia and Taiwan, along with SeaMoney, a leading digital payments and financial services provider in Southeast Asia (one of them is Shopee Pay.)
iii. Sales of Goods – Where revenue is generated from the sales of products on the Shopee platform which SEA Limited purchases from manufacturers and third parties.
Financial Performance (Q3 FY2021 vs. Q3 FY2022)…
All 3 Singapore-listed banks (in DBS, UOB, and OCBC) have already released their business updates for the third quarter ended 30 September 2022. As I have investments in them, I have posted reviews when their business updates were made available and you can find them in the respective posts below:
- DBS (SGX:D05) – https://www.thesingaporeaninvestor.sg/2022/11/03/dbs-group-holdings-q3-fy2022-business-update-what-you-need-to-know/
- UOB (SGX:U11) – https://www.thesingaporeaninvestor.sg/2022/10/28/my-review-of-united-overseas-banks-q3-fy2022-business-update/
- OCBC (SGX:O39) – https://www.thesingaporeaninvestor.sg/2022/11/04/my-review-of-ocbcs-q3-fy2022-business-update/
My focus in this post is to put the 3 banks’ results side-by-side to find out which one reported the most resilient set of results both on a quarter-on-quarter (Q3 FY2021 vs. Q3 FY2022) and on a year-on-year (9M FY2021 vs. 9M FY2022), as well as which is currently the ‘cheapest’ (based on their current valuations.)
Before I begin, a quick recap on the 3 banks’ performance for the 2nd quarter, as well as for the first half of the financial year – both UOB and OCBC stood out in terms of improvements in its financial results, as well as in its key financial ratios, with OCBC being ‘cheapest’ among the three.…
Early this morning (05 November 2022), Overseas-Chinese Banking Corporation Limited (SGX:O39), or OCBC for short, is the last of the 3 Singapore-listed bank to release its business update for the third quarter of FY2022 ended 30 September 2022 (you can check out my review of UOB’s Q3 FY2022 business update here, and DBS’ Q3 FY2022 business update here.)
Just to recap – in the previous quarter (i.e. Q2 and 1H FY2022), the performance of its non-performing loans ratio (where it saw a 0.1 percentage point, or pp for short, decline to 1.3%, despite the economic headwinds) stood out. Also, the 12.0% increase in its interim dividend payout to 28.0 cents/share was also a pleasant surprise (do note that for the current quarter under review, there are no dividend payouts declared as the bank pays out dividends on a half-yearly basis.)
Will its results this time round spring up any more pleasant surprises? Let us find out in this post, where you’ll read about my review of the Singapore-listed bank’s latest Q3 and 9M business update (as the bank have also changed to reporting its full financial statements on a half-yearly basis, it only provided a snippet of its financial performances this time round) in terms of its key financial performances and ratios:…
Singapore’s largest bank in DBS Group Holdings Limited (SGX:D05) is the second bank to release its business update for the third quarter of the financial year 2022 ended 30 September 2022 early this morning (03 November 2022.)
Similar to UOB (which have published its Q3 FY2022 business update last Friday, and you can check out my review about it here), for the current quarter under review, it only released a snippet of some of the key financial figures (as the bank have switched to reporting its full financial results on a half-yearly basis), which we will be looking at, along with some of the key financial ratios in this post. I’ll also be sharing my thoughts about the bank’s latest ‘report card.’
Frasers Centrepoint Trust (SGX:J69U) is a predominantly suburban retail mall REIT, where at the time of writing, its property portfolio comprises a total of 9 retail REITs located in the various suburban locations in Singapore (the properties include Causeway Point, Northpoint City, Waterway Point, Changi City Point, Tampines 1, Century Square, White Sands, Tiong Bahru Plaza, and Hougang Mall), along with 1 commercial property (Central Plaza located in Tiong Bahru.)
Early this morning (26 October 2022), the REIT have made available its financial results for the 2nd half, as well as for the full-year ended 30 September 2022 (i.e. FY2021/22), and in this post, you’ll find my review of its financial results, portfolio occupancy and debt profile, as well as its distribution payout to unitholders.
Mapletree Logistics Trust (SGX:M44U), Singapore’s first Asia-focused logistics REIT whose portfolio (at the time of writing) comprises a total of 186 properties in Singapore, Hong Kong, China, Japan, South Korea, Australia, Malaysia, Vietnam, and India and a total assets under management of S$12.9bn . The REIT is also a constituent of Singapore’s benchmark Straits Times Index (STI) since 23 December 2019.
The blue-chip logistics REIT is the first of the trio of Mapletree REITs to release its financial results for the second quarter, as well as for the first half of the financial year 2022/23 ended 30 September 2022 after market hours in the evening (25 October 2022), with Mapletree Industrial Trust releasing its results tomorrow (26 October), and Mapletree Pan Asia Commercial Trust releasing its results the day after (27 October.)
In this post, you’ll find key aspects (along with my review) about the REIT’s latest set of financial results, portfolio occupancy and debt profile, as well as its distribution payout to unitholders for the current quarter under review to take note of.
I still remembered back when I started off trading in the stock markets in 2017, I only knew how to “long” the market – meaning buying stocks at a lower price, and then selling at a higher price, with profits being the difference between the buy and sell price.
However, if the markets trend lower, then I am unable to get into trade – even though I can “short sell” (meaning to sell the stock first, and then buy back at a lower price – provided if the share price trends lower), but the problem with doing so is that, if the share price do not go in the intended direction (i.e. lower) but instead gaps up suddenly, then I will risk suffering from huge losses (because I will have to buy back the shares at much higher prices.)
That was before daily leverage certificates (or DLCs for short) came along – today, retail traders can make use of it to go “long” as well as “short” – in fact, one of the best things I like about DLCs is that, I do not need to worry about suffering from massive losses if I want to “short” a particular counter, as losses are capped (where the maximum amount of money I will lose is the amount of money I put into buying the DLC.)
Speaking of DLCs, UBS, which is currently the #1 in warrants and CBBCs (Callable Bull Bear Contracts) issuer in Hong Kong, have a total of 74 DLCs on 29 Hong Kong counters and a US index (Nasdaq-100 index) for retail traders to trade in, and potentially generating profits in both bullish as well as bearish market conditions.
If you are new to DLCs, not to worry – in this post, you’ll learn about the basics you need to know about them, including more information on what these DLCs are, how to trade them, the 29 Hong Kong counters and 1 US counter you’re able to trade DLCs on, debunking on 2 of the most common misconceptions people have about trading DLCs, pros and cons about trading DLCs, and finally, what you can do if you want to get your feet wet in trading DLCs without using your own money.
‘Run Road’ (or in Chinese known as 跑路) is a layman term to describe the act of ‘dropping everything and just run away.’
This is the exact scenario happening in the stock market right now, where many dumped their stocks out of extreme fear (that a recession is coming and their stocks could potentially lose even more) and in so doing, ended up burning a BIG hole in their pockets.
Question: Is this a sensible thing to do, and more importantly, for those who are still holding on (to your stocks), should you also follow the crowd to dump everything and ‘run’?
In this post, you’ll find my analysis about the current situation, outlook ahead, and also what I would do (both as a long-term investor, as well as a short-term swing trader):…