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Singtel Bullish???

CWQuah
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09-Jun-2008 01:10

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Singtel's bottom is probably around 3.4o to 3.42 tomorrow.

CAVEAT EMPTOR.

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yipyip
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09-Jun-2008 00:58

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Singtel have the upper hand in this position, b'cos telkomsel is is the top telco in indonesia, indosat is no.2

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AK_Francis
Supreme

09-Jun-2008 00:34

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good technical move to sell away one the satcom coy, moreover, make some cash. even lost the high court appeal, just pay 4 m, don't go for IJC leow.

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yipyip
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09-Jun-2008 00:28

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Smart move indeed! Singapore Technologies Telemedia is "Pte Ltd" , i think Singtel "Ltd" will surge soon.

http://www.sttelemedia.com/content.asp?ContentId=1699

ST Telemedia Sells
Entire Indosat Stake
To Qatar Telecom
By TOM WRIGHT (online.wsj.com)
June 8, 2008 8:50 a.m.

JAKARTA -- An investment arm of the Singaporean government on Saturday said it will sell its entire holdings in Indonesia's second-largest cell-phone operator PT Indosat to Qatar Telecommunications Co. for $1.8 billion.

The arm, Singapore Technologies Telemedia Ltd., and Qatar Telecom currently own a 41% stake in Indosat through a joint-venture investment vehicle.

Analysts warned that the sale, conducted during a court battle between ST Telemedia and Indonesian anti-trust authorities could deter future foreign investment because ST Telemedia is being accused of misusing a dominant position in the market when it only holds a minority stake in the Indonesian company.

ST Telemedia continues to fight in Indonesia's courts to prove that it did not break broken local antitrust laws through holding its stake in Indosat.

In May, an Indonesian district court upheld an earlier ruling that ST Telemedia and Singapore Telecommunications Ltd., which holds a 35% stake in Indonesia's largest cell phone operator PT Telekomunikasi Selular, or Telkomsel, were guilty of using their dominant position to charge excessive prices for mobile phone calls.

The court ordered either ST Telemedia or Singapore Telecommunications to divest their stakes within a year. Both companies last month appealed that ruling at the Supreme Court, which is yet to make a decision.

ST Telemedia said in making the appeal that it "has never held a majority of shares in Indosat, and fails to understand how it can be found guilty" of misusing a dominant position considering its minority stake.

Indosat is listed and its shares are widely held. Indonesia's state-run phone company PT Telekomunikasi Indonesia owns the other 65% of unlisted Telkomsel.

ST Telemedia's decision to sell its Indosat stake surprised many analysts because, until now, the company has said it will fight the court case until the end. The decision is also likely to deter foreign investment in Indonesia because it sends a signal that companies don't expect fair treatment in local courts, analysts said.

"It doesn't show Indonesia to be a consistent applier of legal principles," said James Bryson, who runs HB Capital Partners, a Jakarta-based investment company.

Despite the legal problems, ST Telemedia's investment has been profitable. In 2002, it paid $650 million for a 41% stake in Indosat, at the time an ailing state-owned telecoms provider. The following year, Singapore Telecommunications paid $1 billion for its stake in Telkomsel.

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specialone
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08-Jun-2008 23:16

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Yup .. singtel stock should be very safe for investors to park their $ here... also with rumour of getting china telecom. in due time ,$4 could be acheived. Morely importantly ... telecommunication is not really very oil and resource dependent ? the network is already there so profit margin should be GOOOD . But tmr sure die ... hai .. my focus is on my EUROOOOO soccer !!

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AhBear
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08-Jun-2008 23:15

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Anyone thinking that it will drop to 3.52-3.58 and even to 3.3 like in Jan 08?

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ly19688
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08-Jun-2008 23:13

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Hi newbietrader,
Roger,thks for info

newbietrader ( Date: 08-Jun-2008 19:05) Posted:

Hi lyr19688 and jackjames.

Div 6.9cents : XD shd be 6/Aug/08, Book close 8/Aug/08, Payable on 28/Aug/08

I think it shld be the above and to enjoy the dividend, juz have to hold to 5Aug08, 5pm (CD is on the counter). On 6Aug08 at 9am when u see the XD on the counter means u entitled to the dividend already and u can sell from 9am onwards.

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newbietrader
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08-Jun-2008 19:05

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ly19688
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08-Jun-2008 13:07

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Hi jackjames,

Thks for ur help appreciate it

jackjames ( Date: 07-Jun-2008 13:36) Posted:

ly19688, you can buy anytime from now until Aug 7 to enjoy the dividends, but you must hold until August 11, and you can sell on August 12 to take the dividends.

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AK_Francis
Supreme

08-Jun-2008 00:07

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Yells: "Happy go lucky, cheers."

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no flying for all stocks next mon. will be air drops leow, esp fuel related coy. aiyoh, chiah lat leow. no eye see leow. shorting it the main play for next week.

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geo888
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07-Jun-2008 23:57

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Oppss.. it is ST not Singtel. So I assume Singtel will fly soon??

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Farmer
Master

07-Jun-2008 22:35

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By Gamar Abdul Aziz, Channel NewsAsia | Posted: 07 June 2008 1933 hrs

SINGAPORE: Singapore Technologies Telemedia is selling its interest in the Indonesian telecoms firm Indosat.

In a statement, ST Telemedia said its joint venture with Qatar Telecom, Asia Mobile Holdings, will sell its 41 per cent shareholding in Indosat to Qatar Telecom.

The deal is worth S$2.4 billion or US$1.8 billion in cash.

After the transaction, ST Telemedia will no longer have any involvement in Indosat.

The Indosat stake is now the subject of a Supreme Court appeal in Indonesia.

On May 9, a Jakarta lower court upheld a ruling by Indonesia's anti-competition watchdog that investment company Temasek Holdings and its units had breached Indonesia's anti-monopoly laws.

Temasek fully owns ST Telemedia and also has substantial stakes in SingTel, which owns a 35 per cent interest in another Indonesian telecom firm, Telkomsel.

The Singapore investment company was ordered to either give up its stakes in one of the two telcos or reduce its stakes by half in both units within a year.

Temasek has always maintained that it does not control either Indosat or Telkomsel and is appealing the lower court decision.

Responding to queries from Channel NewsAsia, a Temasek spokesperson said any decision about the stake in Indosat is determined solely by the independent boards and management of ST Telemedia and its associates.

The latest transaction will not affect ST Telemedia and Qatar Telecom’s holding in Asia Mobile Holdings (AMH) or investments in other markets made through the joint venture.

ST Telemedia will continue to own 75% of AMH, while Qatar Telecom will maintain a 25% stake. - CNA/vm

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geo888
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07-Jun-2008 22:12

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Just saw news that Singtel will sell their 41% shares of Telekomsel. Positve or negative? It sound negative to me man.

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Farmer
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07-Jun-2008 21:54

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Not entirely true cause last year there's a special divds of 9.5cts while this year the mgmt tends to hold that for M&A purposes i guess. But overall, dividends still improve in both interim/final, i.e. 4.6/6.5cts to 5.6/6.9cts.

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yunglee
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07-Jun-2008 21:46

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6.9cts is less then half right? last year was SGD 0.065 ONE-TIER TAX + SGD 0.095 ONE-TIER TAX

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winsontkl
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07-Jun-2008 21:42

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Hopefully as recent movement is rather hard to predict...

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Farmer
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07-Jun-2008 21:30

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Ok,ok,ok....These are all not final yet until it's being approved at the company's AGM.....but usually it will be approved lah!

So........Final dividends = 6.9cts,,,,Last day to buy in cum divds on 5th Aug 08,,,, $$$ go into our bank on 28th Aug 08.

Hmmm.....hopefully, this will help ST to stay above $3.60 for the time being.

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yipyip
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07-Jun-2008 21:01

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Hi shplayer,

Thks for yr correction.

Div 6.9cents : XD shd be 6/Aug/08, Book close 8/Aug/08, Payable on 28/Aug/08

Interim Div 5.6cents : Paid on 10/Jan/08

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yipyip
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07-Jun-2008 20:59

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Hi shplayer,

Thks for yr correction.

Div 6.9cents : XD shd be 6/Aug/08, Book close 8/Aug/08, Payable on 28/Aug/08

Interim Div 5.9cents : Paid on 10/Jan/08

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shplayer
Elite

07-Jun-2008 19:49

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Please note....xd is 6 Aug, you get paid 6.9c on 28 Aug.

i.e. as long as you buy on or before 5 Aug, you will be entitled to 6.9c divident. You will receive the $$ on 28 Aug.

http://info.sgx.com/webcorpinfo.nsf/revamp+new+list+of+corporate+distributions/?OpenView&RestrictToCategory=SINGTEL

Interim Div of 5.6c already xd on 17 Dec07 and paid 10 Jan 08.

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