The Beginner’s Guide to Understanding The 3 Financial Statements

by: Tam Ging Wien

When read with begin with A...B...C..., when we sing with begin with Do... Re...Me...

That at least how the song lyrics go.

But when we want to understand and assess the financials of a stock, we need to begin with the 3 financial statements, namely:

  • Balance Sheet (or Statement of Financial Position)
  • Income Statement (or Profit/Loss Statement)
  • Cash Flow Statement

All listed companies on SGX are mandated to report their financial performance periodically. Every quarter, companies must report their financial performance using a structured set of 3 financial statements. The financial statements adhere to international accounting standards and the local Singapore reporting standards have very similar formats making it easy for investors to review.

Financial statements are reported based on time periods. By reviewing the 3 financial statements, investors are able to deduce the financial position of the business and how its financials have changed over time.

Flow of...

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Puzzling Business Modal of Listed Pawnbrokers

by: Tam Ging Wien


All examples and stocks quoted here in this article and on the ProButterflyTM site are for learning purposes; it does NOT constitute a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor.


 

Out of complete curiosity, we decided to do a comparative analysis of pawn brokers listed on SGX.

They roused our curiosity one day when we were out in Chinatown for lunch and we noticed quite a number of pawn shops around the area. Pawn shops are essentially micro-financial institutions that will take smaller assets such as watches, jewelry and gold as collateral in return for a micro-loan.

Certainly if it’s a micro-loan, the loan interest rates can’t be cheap right? Well actually, it really isn’t....

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Has the Time Come to Invest in the Local Telcos?

by: Tam Ging Wien


All examples and stocks quoted here in this article and on the ProButterflyTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor.


Since the announcement of the arrival of the 4th telco in Singapore, the share price performance of the 3 existing players have been fairly muted.

To add pressure to the existing telcos, MVNO (Mobile Virtual Network Operator) such as Circles.Life and MyRepublic or better known an virtual telcos have either started operating in Singapore or announced their intentions, to begin operations. MVNOs are basically telcos who lease the physical infrastructure from...

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Analysis of Cromwell European REIT's Re-Launched IPO

by: Tam Ging Wien


All examples and stocks quoted here in this article and on the ProButterflyTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor.

This is a follow up post relooking at the revised offer of Cromwell European REIT's Re-Launched IPO. Refer to ProButterflyTM's previous post entitled Analysis of Cromwell European REIT IPO and Cromwell Suspends CEREIT’s IPO.


 

Australian real estate investment manager Cromwell Property Group (Cromwell) has relaunched it Cromwell European REIT IPO in Singapore again. This comes after its initial launch in September which it later...

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Quick Thoughts on Chicago Mercantile Exchange's (CME) Announcement Regarding Bitcoin Futures

by: Tam Ging Wien

On Tuesday (31-Oct), the Chicago Mercantile Exchange (CME) – the world’s largest futures exchange – announced that it plans to launch Bitcoin futures buy the end of the year. The proposal is subjected to regulatory approval.

In a statement made by Terry Duffy, CME Group chairman and CEO, "Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a Bitcoin futures contract". He later added in an interview with CNBC that, "We've been working with the regulator. They understand our application. And they understand our model very, very well".

After the announcement, Bitcoin price surged just past $6,400 and now trading in the range of $6,400 to $6,500. The total market capitaliastion of Bitcoin currently stands at US$107mil as of time of writing with a 58.8% dominance in the total cryptocurrency markets.

Earlier in August 2017, the Chicago Board Options Exchange (CBOE) the largest U.S. options exchange...

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A Sneak Peak at the No Signboard IPO

by: Tam Ging Wien


All examples and stocks quoted here in this article and on the ProButterflyTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor.


Seafood restaurant chain and brewery business group – No Signboard Holdings is seeking a Catalist listing to raise up to $35mil. Based on preliminary information, this could potentially value the company at approximately $130mil.

Based on information available, ProButterfly understands that No Signboard Holdings is currently in the book building exercise phase to place out its shares.

ProButtefly understands that No Signboard Holdings is targeting a...

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Analysis of the Bankera ICO – Building a Bank for the Blockchain Era

by: Tam Ging Wien


All examples and stocks quoted here in this article and on the ProButterflyTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. All investments carry risk. The risk of investing in cryptocurrencies and blockchain related startups is extremely high and you may potentially loose all your investment capital. If in any doubt about the investment action you should take, you should consult a professional certified financial advisor.


 

Bankera, after successfully raising €25mil - 9 days ahead of schedule in the largest pre-ICO till date is planning a full ICO to sell 7,500mil Banker (BNK) tokens. The ICO will start on 27-Nov-2017 and run until 28-Feb-2018 for 3 months or after the 7,500mil BNK tokens...

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The Beginner’s Guide to Understanding ETFs

by: Tam Ging Wien

ETFs are excellent vehicles for investors who want to spend little time monitoring their investments, yet want investment returns aligned with the markets. ETF investing in the long term will outpace inflation and fixed deposits; compounding wealth over the long term.

Introduction to ETFs

Exchange traded funds (ETFs) are investment funds which are listed and traded on a stock exchange. When you buy into an ETF, your contribution is pooled together with other investors and invested according to the ETF’s investment objective. They are similar to unit trusts which is an investment vehicle most people are familiar with. ETFs however differ from unit trusts in that they are traded over an exchange and therefore can be bought and sold quickly throughout the day while the market is open.

ETFs as its name suggest is fund that holds underlying assets such as stocks, commodities, bonds or a combination of their respective derivatives. The ownership of these underlying...

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Singapore Residents First to get New Bitcoin Monaco-Visa Branded Debit Card

On Thursday, the Swiss based cryptocurrency debit card provider Monaco announced that their payments partner – Visa Inc, has approved the use of their Bitcoin pre-paid debit card for issuance to Singapore based residents. We have curated the relevant links to various sources below:

Visa is the world’s largest payment network and has approved this Monaco branded card issuance through its issuer Wirecard AG.

The Monaco card is now available for registration through their iOS or Android app which can be downloaded to a user’s smart phone. The app will require email and mobile...

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Quick Thoughts on MAS Chief’s Comments on Cryptocurrencies

by: Tam Ging Wien

On 25-Oct-2017, a new article published on The Business Times reports the managing director of the Singapore central bank – the Monetary Authority of Singapore (MAS), Mr Ravi Menon said in an interview with Bloomberg News that MAS has no plans to regulate cryptocurrencies.

Qouting the report, "As of now I see no basis for wanting to regulate cryptocurrencies". Rather, the central bank's focus is to "look at the activities surrounding the cryptocurrency and asking ourselves what kinds of risks they pose, which risks would require a regulatory response, and then proceed from there," Mr Menon said.

This comment was at first surprising as many thought that Singapore was preparing regulations relating to cryptocurrencies and crypto-tokens with equity like characteristics.

You may read the report from The Business Times entitled Singapore won't regulate cryptocurrencies, remains alert to risk: Menon.

 

Progressive Thinking

This seems to signal to us that...

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