Investors in the US share markets will likely be familiar with the concept of the analyst conference call. The conference call usually comes a day after a company’s quarterly results are announced. For investors, what’s beneficial about the call is that it allows questions from analysts which usually go beyond the information shared during the official quarterly results announcements. In addition, it provides the opportunity for a company’s management team to share their thoughts on different topics. In an age of widespread mobile connectivity, the accessibility of the information is also easy; transcripts of analysts’ conference calls for US companies…
Investors in the US share markets will likely be familiar with the concept of the analyst conference call. The conference call usually comes a day after a company’s quarterly results are announced.
For investors, what’s beneficial about the call is that it allows questions from analysts which usually go beyond the information shared during the official quarterly results announcements. In addition, it provides the opportunity for a company’s management team to share their thoughts on different topics.
In an age of widespread mobile connectivity, the accessibility of the information is also easy; transcripts of analysts’ conference calls for US companies are widely available online.
So, how does this relate to Singapore shares?
I had made an un-scientific look at various investor relation websites for Singapore-listed shares, and through that, it may suggest that the practice of having webcasts and transcripts of analyst result briefings here (result briefings in Singapore are analogous to the conference calls in the US) is not as widely available as compared to the US.
However, in the past month, a couple of forward-looking Singapore-listed companies have stepped forward to share webcasts of their quarterly result briefings for analysts.
This expansion of channels of information allows equal and easier access for the small individual investor to learn more about managements’ thoughts regarding the challenges and opportunities their companies face. As Foolish investors like to invest in businesses not tickers, great management teams can make quite the difference for a company. Being able to evaluate the leaders of companies may then help us come to better investing-related conclusions.
Companies with that accessibility – in my book, as a Foolish investor – represents some of the coolest, investor-friendly (though not necessarily investment-friendly) shares in Singapore.
The cool kids on the block
Without further ado, here are some of the companies I found in Singapore which have shared webcasts of their quarterly analyst results briefing:
c) Singapore Technologies Engineering Ltd (SGX: S63) is a relative veteran compared to the first two companies. The company has been sharing webcasts of its quarterly results briefing since the third quarter of 2011.
d) StarHub Ltd. (SGX: CC3) went even further. It has been sharing webcasts of its results briefing since the third quarter of 2010 and even posts transcripts of those events.
Now, I am sure there are a few more Singapore-listed companies in the midst which have shared similar webcasts and transcripts (if you happen to know more, please share them in the comments section below!), but these are the ones which I have been able to find.
How does this help me?
Listening in to webcasts allow investors to hear from the leaders of companies on how they view their industry and where new opportunities may lie.
For instance, Starhub’s Chief Executive Officer, Tan Tong Hai, was able to share the company’s interest around the “Internet of Things”. This point was not found in the presentation material provided.
To understand how big the “Internet of Things” opportunity may be, I would refer to an article written by my American colleague Simon Erickson. He points out that the number of connected devices globally could well increase from 2 billion in 2013 to a massive 18 billion ten years down the road. As Starhub is a company which provides connectivity, this might be a significant business venture for it in the longer term.
To buy and hold shares of a company for the long term also means keeping up with developments in the company. Having access to management teams via webcasts and transcripts might just help us, as individual investors, put together a more complete thesis around a company and keep up with developments in its industry.
To be sure, a company might be one of the coolest in Singapore (in my book) by sharing its webcasts and transcripts – but that does not automatically mean that its shares would be a great winner.
But at the very least, the act of sharing information allows investors a fair chance to judge for themselves whether they would like to be invested alongside certain management teams.
The US share market has actually been evolving even over the past decade-plus (with some help from the Motley Fool!). So, we might yet see a day where more companies in Singapore step forward like the ones I mentioned earlier.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong owns shares in Super Group.