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3 Ways to Find Out More About a Company

Last week, The Straits Times reported that listed companies have poorly organized or not up-to-date investor relations websites. Surprisingly, even as more businesses worldwide take to the Internet to distribute information to shareholders, some Singapore companies are still lagging behind in this regard.

For instance, a study that used a 100-point scoring system that puts value on content, technology, usability, design and how up-to-date investor relations websites are found that Singapore companies had an average score of 42. On top of that, 9% of the 711 Singapore listed companies did not even have an investor relations websites.

How else can investors find out more about listed companies given the surprisingly poor state of things?

Local stock exchange website

Companies are required to post any announcements or quarterly reports on the website of the local stock exchange. The link can be found here.

As such, investors will be able to find company information easily, even for companies that do not have an investor relations page.

The website also allows users to sort out the filings based on the type of documents they are searching for, which make accessing the information much simpler.

Contacting the company directly

Peter Lynch, in his book, One Up On Wall Street, stressed the fact that even retail investors should contact the company directly to clarify any doubts.

Back in his time, Peter Lynch had to personally go down to the company office to talk to the company officials. Thankfully, in the age of the Internet, retail investors can simply drop the investor relations team an email to find out additional information about the company.

I have personally done so multiple times to get a deeper understanding of the company’s prospects and business outlook. Most companies are more than happy to help out potential shareholders.

Research websites

There are many websites that aim to do the hard work for investors. Investors can simply read up on the research that is done and compiled on these websites.

The Motley Fool Singapore, for instance, has research on a wide array of companies listed here. Investors, who do not want to go through the trouble of digging through quarterly reports, can make use of websites such as ours to source for information.

The Foolish bottom line

The fact that companies do not have an up-to-date website and do not take the effort to communicate to shareholders should be a major red flag for investors. Furthermore, with information on these companies so difficult to attain, investors need to be even more cautious about investing in these companies.

However, if you still intend to research on such companies, these three resources should be a useful starting point.

Meanwhile, for more (free!) investing insights, sign up here for your FREE subscription to The Motley Fool's investing newsletter, Take Stock Singapore. It will teach you 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.