The Beginner’s Guide to Analysing Financial Statements - Cash Flow Statement

by: Tam Ging Wien

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

That at least that's 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:

In our last "The Beginner’s Guide to..." series, we covered the The Beginner’s Guide to Understanding The 3 Financial Statements.

After having an understand of the 3 financial statements, we continue the series with analysing these financial statements in order to understand the financial health of a company. In this post, we will be learning how to analyse the Income Statement.

Do read the previous articles first before continuing as it will give you a firm foundation of the 3 core financial statements.

Cash Flow Statement

Free Cash Flow

Free cash flow is simply the difference...

Continue Reading...

The Beginner’s Guide to Analysing Financial Statements - Income Statement

by: Tam Ging Wien

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

That at least that's 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:

In our last "The Beginner’s Guide to..." series, we covered the The Beginner’s Guide to Understanding The 3 Financial Statements.

After having an understand of the 3 financial statements, we continue the series with analysing these financial statements in order to understand the financial health of a company. In this post, we will be learning how to analyse the Income Statement.

Do read the previous articles first before continuing as it will give you a firm foundation of the 3 core financial statements.

Income Statement

Gross Income Margin

The gross income is the total amount of...

Continue Reading...

The Beginner’s Guide to Analysing Financial Statements - Balance Sheet

by: Tam Ging Wien

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

That at least that's 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:

In our last "The Beginner’s Guide to..." series, we covered the The Beginner’s Guide to Understanding The 3 Financial Statements.

After having an understand of the 3 financial statements, we continue the series with analysing these financial statements in order to understand the financial health of a company. In this post, we will be learning how to analyse the Balance Sheet.

Do read the previous article first before continuing as it will give you a firm foundation of the 3 core financial statements.

Balance Sheet

Current Ratio

This is a simple ratio of the current assets over...

Continue Reading...

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 that's 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:

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.

...

Continue Reading...

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...

Continue Reading...

ThaiBev’s KFC Acquisition Justified? Breaking Down Its 2017-Q3 Financials

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.


- Strong Cash Flows and Low Debt Justifies KFC Acquisition

Last week we made a post were we broke-down SingTel’s financials step-by-step in order to peer deeper into the company beyond simply just reading a news report. From the exercise, we got fairly good feedback from our readers and subscribers. If you haven’t caught our previous post on SingTel, do read it at “A Closer Look at SingTel’s Q1-2017 Results”.

So with good feedback, we asked our subscribers to suggest other companies that they...

Continue Reading...

A Closer Look at SingTel’s Q1-2017 Results

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.


A number of local media outlets today reported fall in SingTel’s 2017-Q1 profit compared to the same quarter last year, you may read their reports below:

According to the reports, the cause of the fall is mainly due to lower contributions from SingTel’s associates.

Instead of relying on a 3rd...

Continue Reading...

How can NetLink Trust Pay Out 4.4c DPU When EPS is Only 1.14c?

by: Tam Ging Wien

- Forecast Error? Or Is There Something Really Fishy Going On?

In the past 2 weeks, I have received many feedback and comments with regards to my analysis on the NetLink Trust. It generated many thought provoking discussions and alternate views on the offer. Many thanks to various contributors, readers and commenters as they have certainly brought about diverse and interesting perspectives on the IPO.

For those who were had applied, I offer my best regards and hope you receive your targeted allotment!

In the many discussion threads with regards to NetLink Trust IPO, one observant reader pointed out a “flaw” (he didn’t really say it was a flaw, he merely just raised a simple question) in my analysis and contacted me about it. He pointed out that the earnings per share (EPS) shown in the Income Statement is only 1.14c and 1.70c respectively for FY2018 and FY2019. If this is true, how could NetLink Trust pay out a 4.4c Distribution per Unit (DPU)...

Continue Reading...
Close

50% Complete

ProButterfly Investment Newsletter

Nearly registered for the best newsletter to help you get started on your investing journey. Join thousands of other subscribers today.