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1-10 of 10
Singapore telco market is already saturated. Competition is also stiff.
3Q results SUCKS..
nett protit flat... -0.2% compared to last 3Q, 9months nett gain up 6.2%.
oh well, nothing fantastic, see you at 2.90.
This counter gain uptrend momentum now! One should not ignore the potential upside & limited downside. Probably one of the best defensive & offensive stocks among Singapore Telcos........ Buy B4 you regret it later!
Hi all, latest buy call: <Singapore Telecom sector>. Top pick: Starhub; TP: 3.64 in the near future
Singapore telecom sector upgraded to 'overweight' - CIMB-GK
05 October 2007, 12:04
SINGAPORE (Thomson Financial) - CIMB-GK Research said it has upgraded its rating on the Singapore telecommunications sector to "overweight" from "neutral" on the back of strong mobile subscription growth tied to the influx of immigrants to Singapore.
"Singapore's telco sector is benefiting from strong consumption growth on the back of an immigration boom and robust domestic economy. Strong cash flow-generation sets the backdrop for attractive sector yields of 8 percent," CIMB-GK said in a note to clients.
It has raised its target price for Singapore Telecommunications to 4.54 Singapore dollars from 4.27 dollars, expecting the stock to "benefit from fund flows seeking a safe haven" in the near-term.
CIMB-GK also raised its target price for StarHub to 3.64 dollars from 3.50 dollars, noting that the company is its preferred pick in the medium term.
"As the leading quadruple-offering operator, StarHub arguably offers the best exposure to Singapore's immigration boom, with a 10 percent yield on strong free cash flow," the research firm said.
It views MobileOne, the smallest of three Singapore-based telco operators, as a pure defensive stock with prospective yields of 9.5 percent.
"We believe that topline-led cash-flow growth will set the stage for upside yield surprises over the next two years, particularly for StarHub and M1," CIMB-GK said.
At 12.03 pm, SingTel was up 2 cents at 4.00 Singapore dollars, MobileOne was unchanged at 2.09 dollars and StarHub was also flat at 3.00 dollars.
(1 US dollars = 1.47 Singapore dollars) pearl.bantillo@thomson.com MMMM
you see more star if the counter drop further.
Share Buy Back. That explains...
http://info.sgx.com/webcorannc.nsf/e3640cecdeaa8cef482571b20037cfba/d1519a5d74a65eff48257339003abd0a?OpenDocument
Today's spread is so wide I think so people were trapped buying above 3.05 - 3.18.
Need someone to do a PB for a reality check/
I personnally thinks it has reached its fair value at abt 3.00SGD. Looking at the chart, its quite jaded and in need of a 'rest' soon. :)
TP for Starhub?