As someone who's in my early twenties, most of my friends' opinion of investing is that it is something out of reach due to the complexity of financial markets as well as their perceived lack of capital.
When I tell my friends that I've been investing since I was 18, most of them either think I'm crazy or say something along the lines of "you're going to be rich". I wish the latter was true, but unfortunately, due to some speculative bets that I made earlier in my investing journey, I'm still facing a substantial unrealised loss. Over the long term, I definitely aim to achieve a steady passive income through accumulating stable, dividend paying stocks.
Tuesday, 21 February 2017
Friday, 17 February 2017
This week, all three local banks reported their full year results for 2016. We have summarised the financial results of the banks below:
|NET INTEREST INCOME (S$M)||7305||5052||4991|
|NET INTEREST MARGIN (%)||1.8||1.67||1.71|
|NON INTEREST INCOME (S$M)||4184||3437||3071|
|NON-PERFORMING LOAN RATIO (%)||1.4||1.3||1.5|
|TOTAL ALLOWANCES (S$M)||1434||726||594|
|NET PROFIT (S$M)||4238||3473||3096|
|EARNINGS PER SHARE (S$)||1.66||0.822||1.85|
|DIVIDEND PER SHARE (S$)||0.60||0.36||0.70|
|NET ASSET VALUE PER SHARE (S$)||16.87||8.49||18.82|
Thursday, 16 February 2017
TARGET PRICE: S$0.50 (HOLD)
UPSIDE: 4% ⬆
Challenger Technologies reported their FY 2016 results yesterday. Net profit fell 27% from S$18.2m in FY2015 to S$13.2m in FY 2016. Revenue remained stable, declining slightly from S$352.2m to S$339.4m. Dividend per share increased to 2.7 cents, up from 2.65 cents a year earlier.
Monday, 13 February 2017
TARGET PRICE: S$1.05 (SELL)
SingPost released its third-quarter results last Friday, with net profit for 9M FY16/17 falling 31.3% from S$143m to S$98.6m. The fall in net profit come despite a 22.8% rise in revenue, from S$833m to S$1,024m. In light of the falling profits, SingPost has declared an interim dividend of 0.5 cents, down from 1.5 cents in 3Q FY15/16.
TARGET PRICE: S$2.17 (SELL)
ComfortDelGro Corporation released their FY 2016 results last Friday, posting a 5% increase in net profit, with earnings per share rising to 14.72 cents, up from 14.1 cents in FY 2015. Dividend per share has increased from 9 cents to 10.3 cents. However, ComfortDelGro's management has cautioned that the operating environment ahead remains challenging. We have a sell call on the stock, given the increasing competition from private hire operators and the weak Pound.