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The Coolest Shares in Singapore: Continued

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 result 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?

In a new development yesterday, a report from Business Times Invest shared findings from PricewaterhouseCoopers (PwC) on the reporting standards of the 30 Straits Times Index (SGX: ^STI) constituents. The report from PwC covered financial and non-financial aspects on how a business can create value.

Among the observations by PwC that could help STI companies become more relevant:

a)      While there was a vast amount of information provided by a company, it does not come together to create a value creation story.

b)      There is a tendency for a compliance mindset; that is to provide information, in part due to peer pressure. A particular example given was that companies might disclose areas of risk to the business, but not the risk mitigation plans.

c)      Reluctance to discuss future opportunities, and the company’s outlook

Circling back to the US analyst conference call, the format of the call allows the flexibility for management to discuss the three matters mentioned above. Access to these calls would be helpful as it 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.

As such, 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

I have previously shared some of the coolests share in Singapore. Over the past month, I have had the chance to note down more companies in Singapore which are sharing its conference calls and analyst presentations.

Without further ado, here are some of the companies I found in Singapore which have shared webcasts of their quarterly analyst results briefing:

 a)      Sembcorp Industries Limited (SGX: U96) has been sharing its webcast since early 2013 here.

b)      Boustead Singapore Limited (SGX: F9D) went even further. It has been sharing webcasts of its annual results briefing since 2010, and even takes questions from individual investors.

c)      Mandarin Oriental International Limited (SGX:M04) shares an annual results webcast. It has webcasts stretching back to 2008.

d)      Singapore Telecommunications Limited (SGX:Z74) is also a veteran of sharing the audio for its analyst conference calls. This has been shared quarterly since September 2005.

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. 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.

Foolish Take away

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.

It was not always the case that US companies would share its conference calls. To their credit, the companies have 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. More on the hottest shares and news with your FREE subscription to The Motley Fool’s weekly investing newsletter, Take Stock Singapore. Sign up here to learn how you can grow your wealth in the years ahead.

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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 doesn’t own shares in any companies mentioned.