Author: The Fifth Person

7 things I learned from the 2019 Keppel DC REIT EGM

Keppel DC REIT (KDC REIT) is a pure-play data centre REIT listed on the Singapore Exchange. The REIT invests in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes. On 23 October 2019, Keppel DC REIT held an EGM seeking unitholders approval to acquire a 99% interest in Keppel DC Singapore 4 (KDC SPG 4) and 100% interest in DataCentre One (DC1). Source: KDC REIT EGM slides Keppel DC REIT had raised S$478.2 million through a private placement of 135 million units at an issue price of S$1.744 per unit, and a...

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10 things I learned from the 2019 Pos Malaysia AGM

Listed on Bursa Malaysia in September 2001, Pos Malaysia Berhad is Malaysia’s national postal service provider with a network of more than 3,500 touchpoints and 250 self-service terminals — the largest in the country. However, the structural decline in traditional mail volume, coupled with high fixed costs relating to the universal service obligation of postal mail services, have dragged Pos Malaysia profits down, reporting its biggest-ever net loss of RM165.7 million for the financial year ended 31 March 2019 (FY2019). I attended Pos Malaysia’s 2019 AGM to learn more about management’s strategies to mitigate these issues: 1. Revenue fell...

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Kingsmen Creatives: A gem in the making?

Some of you may have noticed a spanking new attraction that just opened at Marina Square mall, that of NERF Action Xperience (NERF AX). For those who are unfamiliar with the brand, NERF is one of Hasbro Inc’s best-selling toy brands. NERF AX is a family entertainment centre (FEC) concept that was co-conceptualised, developed and constructed by Kingsmen Creatives Limited in partnership with Hasbro. But let’s dig a little deeper and find out more about the company that’s behind this hugely popular attraction. Kingsmen Creatives started out in 1976 as an events and exhibitions company that also dealt with...

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13 things I learned from the 2019 DRB-Hicom AGM

DRB-Hicom is a Malaysian conglomerate that is involved in the automotive, services, and property businesses. DRB-Hicom is also the parent company of Proton – Malaysia’s national automaker. In May 2017, DRB-Hicom announced plans to sell a 49.9% stake in Proton to Zhejiang Geely Automobile Holdings as part of its plan to reboot the ailing car brand. In December 2018, Proton launched the X70 SUV based on Geely’s Boyue model. The new SUV has proven to be a hit thus far — as of 30 June 2019, the X70 recorded sales of 16,418 units, making it the most popular SUV...

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Key things to know about the Ascott Residence Trust and Ascendas Hospitality Trust merger

On 21 October 2019, through their handheld devices, shareholders from both sides gave their blessings to the marriage between Ascott Residence Trust (Ascott) and Ascendas Hospitality Trust (A-HTrust). With combined assets of S$7.6 billion, the new entity – Ascott REIT Business Trust (Ascott REIT-BT) — will form the largest hospitality trust in Asia Pacific and the eighth largest in the world. Ascott REIT-BT will be structured as a stapled security: a real estate investment trust and a business trust joined together. The news of the merger came on 3 July 2019 shortly after CapitaLand completed the acquisition of Ascendas-Singbridge...

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11 things to know about Sunway REIT before you invest (updated 2019)

Sunway REIT is the second largest REIT in Malaysia with a property portfolio of retail malls, hotels, office blocks, a medical facility, an industrial building and a university campus. As of 30 June 2019, the portfolio was valued at valued at RM8.05 billion. In this article, I’ll give an update on the REIT’s segment developments in 2019, its latest annual results, and stock valuation. Here are 11 things to know about Sunway REIT before you invest: 1. Retail revenue grew 2.5% year-on-year to RM426.7 million, and net property income (NPI) grew 4.5% y-o-y to RM310.5 million in FY2019. This...

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6 things I learned from the 2019 SGX AGM

For many Singaporeans, the Singapore Exchange (SGX) is synonymous with our local stock market. But what many may not know is that SGX is also a leading multi-asset exchange that deals with bonds, derivatives, currencies, and commodities. In fact, SGX now generates most of its revenue from its derivatives segment which has seen strong growth over the past few years. In contrast, its equities segment has seen recent headwinds as SGX has struggled to win new listings on the Singapore stock market. Will growth in the derivatives market continue to overshadow equities? I decided to attend the company’s latest...

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12 things I learned from the 2019 Hartalega AGM

As you may already know, Hartalega Holdings Berhad is the largest nitrile glove manufacturer in the world. It has an annual installed capacity of 36 billion gloves and can produce up to 45,000 nitrile gloves per hour per production line. As a first mover, Hartalega also spurred the shift in demand from natural rubber to nitrile gloves in the industry. Here are 12 things I learned from the 2019 Hartalega AGM: 1. Revenue grew 16.6% year-on-year to RM2.8 billion in 2019. The increase in revenue was due to the growing demand for nitrile gloves worldwide particularly in the U.S....

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How to buy U.S. shares in Singapore

As remarkable as Singapore is as a first world financial hub, our local stock market is rather… humdrum. And the main reason for that is – with 5.6 million people — the Singapore market is just too small. So unless a home-grown Singaporean company is able to expand beyond its shores, its potential growth remains limited. However, expanding overseas into new markets brings a new host of challenges. In a region as culturally diverse as Asia, a company needs to understand different languages and local customs in each new market, and navigate the unique business regulations, tax codes, compliance...

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9 things I learned from the 2019 Panasonic Malaysia AGM

Panasonic Manufacturing Malaysia Berhad (PANAMY) was first established under the name Matsushita Electric Company (Malaysia) Berhad in 1965, which was listed on Bursa Malaysia in December 1966. It assumed its current name in 2005, in line with its objective of global brand unification, to strengthen Panasonic’s brand value and competitiveness. Currently, PANAMY manufactures consumer electronics including fans, vacuum cleaners, kitchen appliances and more under its own brand name, Panasonic, in two factories located in Shah Alam: Seksyen 15 (SA1 Plant) and Seksyen 23 (SA2 Plant). The company has grown to become one of Malaysia’s most prominent consumer electronics manufacturers...

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8 things to know about Ascendas India Trust before you invest

Ascendas India Trust (a-iTrust) is an SGX-listed property trust that owns a portfolio of Indian IT and logistics parks with a total floor area of 13.1 million square feet spread across Bangalore, Chennai, Hyderabad, Pune and Mumbai. As of 31 March 2019, its portfolio was valued at S$1.72 billion. In this article, I’ll cover the Trust’s latest annual results, upcoming growth plans, and stock valuation. Here are eight things to know about Ascendas India Trust before you invest: 1. a-iTrust currently owns seven IT parks and one logistics park in India: IT/Logistics Park Valuation (S$ million) Percentage of Total...

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8 things I learned from the 2019 Singtel AGM

Shares of Singapore telcos have taken a beating over the past few years. Due to the continued liberalisation of the industry and the heightened competition, profit margins have been squeezed and profits steadily eroded. For Singtel, its net profit fell 43.5% year-on-year to $3.2 billion in FY2018 while many of its regional associates also recorded negative growth in pre-tax profit contributions. It seems that the telco industry has become extremely tough to operate in. To mitigate this, Singtel has looked to diversify into ‘digital businesses’, namely cybersecurity and digital marketing which the chairman highlighted in his latest annual message...

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9 things I learned from the 2019 QL Resources AGM

QL Resources Berhad is an integrated agro-based business in Malaysia. It recently gained more attention from investors and consumers due to the opening of its chain of FamilyMart convenience stores in 2016. However, FamilyMart is just a small portion of QL’s business – the company is also involved in marine products manufacturing, integrated livestock farming, and palm oil activities. I attended the company’s most recent annual general meeting to find out more about its various business segments and the management’s plan for future growth. Here are nine things I learned from the QL Resources AGM: 1. Revenue increased 9.1%...

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10 things to know about SGX before you invest (updated 2019)

Singapore Exchange Limited (SGX) is a leading multi-asset exchange in Asia. It offers listing, trading, clearing, settlement, depository and data-based services of both securities and derivatives from Singapore. As of 30 September 2019, it is worth S$9.08 billion in market capitalisation. In this article, I’ll cover the performance for its three main segments, its annual financial results, and stock valuation. Here are 10 things to know about SGX before you invest: 1. The Equities and Fixed Income segment recorded a 14.5% year-on-year decline in revenue to S$347.5 million. The drop was mainly due to fewer bond and equity listings...

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