The Average Life Span of Companies is Shorter. This Affects Business Valuation
If you are trying to value a company, the lifespan of a company is rather important. If most of the value of the company lies …
Value Investing
Microsoft’s First Quarter 2021 Results Look Good. Here are some Notes.
US tech giant Microsoft announced their Q1 2021 results yesterday morning. They achieve per-share profit growth of $1.82, beating analysts’ expectations of $1.54 a share. …
Breaking down the SembCorp Industries and SembCorp Marine Rights Issue and De-Merger
There are some deals that you have to treat as homework. Going through some of these deals are both a mental exercise but also whether …
Citic Telecom (1883) – A Tiny Dominant 7.3% Dividend Yielder
In 2018, I spotted a telecom operator that has in excess of a 10% free cash flow yield. So I took a look at it. …
Thoughts on CK Hutchison Holdings 2019 Results (1.HK)
In terms of investments, CK Hutchison (0001.HK) will probably go down as one of my poorer investments. I got it at $85.90, $87.65, $81.25, $80.60, …
Wharf REIC (1997) – a Storm coming for Dividend Yielder
Wharf Real Estate Investment Company’s (REIC) interim results was not too bad. I first wrote about Wharf REIC here. If you are not familiar with …
Valuing Singapore Press Holdings: Sum of the Parts Valuation Case Study
Singapore Press Holding is changing. Whether it is actions lead by new CEO Ng Yat Chung or previous management, the approach now seem to be …
SBS Transit Full Year Result – 6.8% Earnings Yield. Back to being a stable cash flow generator
SBS Transit currently has a market capitalization of $802 mil with 311 mil in outstanding shares. This is one company that I have invested in …
Net Profit, EBITDA, Operating Cash Flow and Free Cash Flow in Dividend Investing
As active stock investors, we look for companies that can potentially be worth more than what they are selling now. These can be companies that …
Some Corrections to ComfortDelgro’s Valuation Done Previously
Back when ComfortDelgro’s share price was around $2.04, I wrote a comprehensive analysis about it. In the article, I went through a few rounds of …