10 points to look out for - Analysts Reports

1) Change in recommendation and targets - well, Analysts do this, don't they?
2) Trends in revenue and earnings, including forecast growth
3) Any significant change in financial figures as pointed out
4) Compare this report with your own knowledge to fill in the gaps (hey, you still need to do your homework by reading the annual reports and getting other intelligence)
5) Who is the Analyst? Position held? Experienced? Name constantly appeared in the reports?
6) Check other research reports if similar content appears. If not, does it differs too much?
7) Ask Broker on his/her opinion of the Analyst report (hope your Broker is friendly)
8) Email the direct source, the company for clarification and quote your sources from there
9) Qualitative overview - does it make sense to you? Can you visualize what will happen next?
10) Does the reports clearly state the anticipated challenges and risks?

For me, I do used the Analyst reports as a benchmarking tools. After all, they help me in my secondary research - that is the collection of some data points that are hard to get directly via public sources. These are useful to shape my personal conclusion.

On the other hand, target price is of very little importance to me. I will love the charts, figures and second thoughts on the company moving forward.

Unless I have the opportunity to seek trade interviews.

Comments

Post a Comment

Popular posts from this blog

Reflections in 2018 with objectives in 2019

Image
It’s the time of the year again – reflections in 2018 and new targets in 2019.    Just like a company performance review, it’s good to take a pit stop.   I hope my post below serves as an inspiration to many or perhaps to reflect back on where you are and what you plan to do in 2019. Every individual is different - this makes us very special in our own way.    For me, in investment - it’s always good to “be open but pragmatic, have a stronger conviction and guts to proceed but make sure it’s something you truly understand." In case you will like to read my end year post for 2017 – it’s written here .  Things which I did in 2018 To have one or two “killer stocks” in my portfolio I still hold on to Keppel Corporation, a local conglomerate that I believe will reap in future earnings potential from a multi-pronged strategy.   The new growth drivers are properties (especially in Vietnam) and urban solutions.   Keppel Urban Solution is a new business unit
Read more

Multiple sources of income - the origin

I am always on the look out for MSIs (multiple sources of income) to increase my wealth position. Hopefully, I am able to reach my targeted financial goal. The MSIs should be consistent with steady inflow over one calender year and not a one-off gain or lumpy earnings. After much thoughts, I decide to list down the places where money is able to work for me harder and not I work for money always: (a) Savings (b) Bonds (c) Shares that has potential for capital appreciation (d) Investments that generate dividends - (e.g. shares) (e) Real estate investments (f) Rental income from properties (g) Owning my own business (h) Commissions (i) Referral fees (j) Franchising fees (k) Consulting (l) Endorsements (e.g. celebrities) (m) Royalties (e.g. books, CDs, seminars, games, inventions, software etc.) (n) Network marketing (o) Online - (e.g. affiliate programs, per click etc.) My next aim is (e) and (f) - what about you?
Read more

Parkson Retail Asia

Image
Happy New Year to all my readers! I will like to touch upon an interesting company – Parkson Retail Asia. As usual, my article focuses on the qualitative insights since there are sources on the firm’s financial health. The roots begin when Parkson Holdings Bhd was incorporated on 26 August 1982 as a private limited liability company under the name of Amalgamated Cement Mills Sdn Bhd. In 1988, it changed its name to Amalgamated Containers Sdn Bhd. It was publicly listed on Bursa Malaysia in 1993. It is now an investment holding company with stakes in Parkson Retail Asia and Parkson Retail Group Limited, listed on the Singapore Stock Exchange and Hong Kong Stock Exchange respectively. Lion Group owns Parkson Holdings Bhd. As a major department store retailer, Parkson is Malaysia second largest operator with 37 stores, 20% market shares as of 2012 (source: The Edge Singapore, December 31, 2012). The number one is The Store Corporation with 26% market shares as of 2012, the only
Read more