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Which Singapore-Listed Bank Had the Most Resilient Set of Q3 Results for FY2022?

Which Singapore-Listed Bank Had the Most Resilient Set of Q3 Results for 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:

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.

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.

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My Review of OCBC’s Q3 FY2022 Business Update

My Review of OCBC’s Q3 FY2022 Business Update

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.)

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.

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:

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Key Aspects from Mapletree Logistics Trust’s Q2 and 1H FY2022/23 Results to Take Note of

Key Aspects from Mapletree Logistics Trust’s Q2 and 1H FY2022/23 Results to Take Note of

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.

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 2000 followers.

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.

Let’s begin:

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SGX drops for 12th consecutive day, longest losing streak since IPO! (20 Oct 22)

SGX drops for 12th consecutive day, longest losing streak since IPO! (20 Oct 22)

Since 4 Oct 2022, SGX has fallen for 12 consecutive sessions, logging its longest losing streak since IPO in 2000! Over the past 12 sessions, SGX has lost a total of 12.5%, or $1.19 to close at $8.33 on 20 Oct 2022. It is noteworthy that STI has only fallen 3.7% over the same period. In addition, SGX’s RSI closed 13.3, the lowest since 2008!

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 close to 600 followers.

Some noteworthy points below

a) Average analyst target: $10.08

Based on Bloomberg (see Fig 1 below), average analyst target price is around $10.08. If consensus is right and assuming that analysts do not change their target prices, SGX offers a potential capital upside of around 21%. Coupled with an estimated dividend yield of around 3.9%, total potential return is around 25%.

For the eagle eye readers, you will have noticed that since 10 Oct, there have been mixed analyst calls. To some extent, the recent decline can be attributed to the recent sell calls on SGX with target prices ranging from $8.00 – 9.25.

Figure 1: Bloomberg compilation of analyst target prices for SGX

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A BIG THANK YOU to everyone who were a part of the Singapore Trading Festival!

A BIG THANK YOU to everyone who were a part of the Singapore Trading Festival!

A BIG THANK YOU to everyone who were a part of the Singapore Trading Festival!

This festival welcomed over 5,800 attendees to our virtual summit and over 4,800 participants have registered for our simulated trading challenge.

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Catch the recorded sessions of the Traders’ Summit here: https://www.youtube.com/c/Investingnote/featured

Also, keep a look out for our next social post for the Winners of the trading challenge!


InvestingNote is the most interactive social network for investors in Malaysia & 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!

1st Day of the Simulated Trading Challenge! TOP 10 Traders

1st Day of the Simulated Trading Challenge! TOP 10 Traders

We’ve just ended the first trading day of the Simulated Trading Competition!

Here are the top 10 participants on the leaderboard, and their nationalities! What’s so special about this competition? All trades and portfolios are transparent to public!

No photo description available.

This challenge includes Securities products such as Daily Leverage Certificates (DLCs), Exchange Traded Funds (ETFs), Real Estate Investment Trusts (REITs), Common Stocks and Structured Warrants listed on the Singapore Exchange.

If you haven’t registered, registration is still open here: https://www.investingnote.com/…/singapore-trading-festival-…

We’d see you at the top!

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A Look into DBS Group Holdings’ Q4 and FY2020 Results (Guest Post)

A Look into DBS Group Holdings’ Q4 and FY2020 Results (Guest Post)

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.

Image result for dbs

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:

Q4 FY2019 Q4 FY2020 % Variance
– Net Interest
Income (S$’mil)
$2,426m $2,120m -12.6%
– Net Fee & Commission
Income (S$’mil)
$741m $747m +0.8%
– Other Non-Interest
Income (S$’mil)
$294m $396m +34.7%
Total Income
(S$’mil)
$3,461m $3,263m -5.7%
Total Expenses
(S$’mil)
$1,600m $1,580m -1.3%
Net Profit
(S$’mil)
$1,508m $1,012m -32.9%

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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Singapore Trading Festival 2021: Registration is now open!

Singapore Trading Festival 2021: Registration is now open!

As the COVID-19 pandemic changes the world as we know it, traders continue to face unprecedented uncertainty while discovering new opportunities in the markets.

SGX is launching its inaugural Singapore Trading Festival, in partnership with InvestingNote.

Join us on 27 February for a full-day virtual summit to hear industry experts share trading strategies that will enable traders to navigate the current markets.  This full-day virtual summit consists of 15 Topics, presented by 24 regionally-acclaimed speakers.

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Plus, pit your skills against fellow traders in the 5-day multi-product, simulated trading challenge for a chance to win exciting cash prizes.

Head over to HERE to register today!

button_register-here


InvestingNote is the most interactive social network for investors in Malaysia & 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!

3 Tech Stocks with Attractive Dividend Yields (Guest Post)

3 Tech Stocks with Attractive Dividend Yields (Guest Post)

What are some tech stocks that provide attractive dividend yields?

Dividend: Those vanishing stock dividends should stay that way - The Economic 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 913 followers.

During these tough times, many REITs have cut their dividends and income investors are left scurrying for other stocks to build up their passive income stream again. With that in mind, we look at 3 solid tech stocks with Reit-like dividend yields income investors would take a liking to.

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Mapletree Industrial Trust – A Summary of its Q2 and FY2020/21 Performance (Guest Post)

Mapletree Industrial Trust – A Summary of its Q2 and FY2020/21 Performance (Guest Post)

Mapletree Industrial Trust: A Summary of its Q2 and FY2020/21 Performance

Mapletree Industrial Trust posts 1% dip in 2Q DPU of 3.10 cents on enlarged unit base | The Edge Singapore

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 1422 followers.

Mapletree Industrial Trust is a new addition made on Monday (26 October 2020) at S$3.10, that is if you’ve been keeping tabs on my personal long-term investment portfolio (you can check it out here), you would have noticed that  Based on a distribution payout of 12.24 cents/unit in FY2019/20, even though the yield is just 3.9%, but given its track record in the management increasing its distribution payouts to its unitholders over the years, along with sound business fundamentals, I am confident of the blue-chip industrial REIT’s growth in the years ahead – I have done a writeup about the REIT last month, which you can read up here to learn more about the REIT.

After trading hours yesterday (27 October 2020), the REIT released its financial results for the second quarter of the financial year 2020/21 (it has a financial year-end every 31 March.) As a unitholder, I have studied through its latest set of financial results, debt and portfolio occupancy profile, along with its distribution payout to unitholders (the REIT is one that pays out its unitholders on a quarterly basis), and in this post, I will be sharing with you the most important aspects about its latest updates to take note of, along with my personal thoughts to share.

Let’s begin…

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