
niuyear ( Date: 23-Nov-2009 14:26) Posted:
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SingTel to conduct '4G' trials in Singapore and region
Singapore Telecommunications will be a testing a '4G' technology that can deliver Internet content to mobile phones wirelessly at many times faster than what's available now.
The trials will begin from the first half of 2010 in Singapore, Australia, Indonesia and the Philippines, in collaboration with Optus, Globe Telecom and Telkomsel
18.11.09
SingTel – Results (Alfred Low)
Recommendation: Buy (Maintain)
Previous close: S$2.98
Fair value: S$3.32
• 2Q10 Results. SingTel reported 2Q10 operating revenue of S$4,103m (+5.4% yoy) and net profit of
S$956m (+10.1% yoy). Its Singapore and Australian operations posted revenue growth of 8.2% and 7.4% in
Singapore dollar and Australian dollar terms respectively. Moreover, the share of earnings from its regional
associates increased by 31.5% in Singapore dollar terms. This was led by strong performance from its
Indonesian associate, Telkomsel.
• Maintain BUY recommendation and reduce fair value from S$3.80 to S$3.32. We maintain our buy
recommendation, as we believe in the growth potential of SingTel. SingTel is expected to see an increase in
market share in Pay TV after securing the rights to Barclays Premier League (BPL) matches. Moreover, its
regional mobile associates are anticipated to grow in terms of acquiring more customers as the global
economy picks up. However, we reduce the fair value from S$3.80 to S$3.32 as we lower the expected profit
contribution from Bharti due to greater competition in the Indian market.
Source: Phillip Securities Research Pte Ltd
0404 GMT [Dow Jones] STOCK CALL: UBS lowers SingTel (Z74.SG) target price to S$3.42 from S$3.66 following fiscal 2Q10 results. Target price cut due to lower valuation for Indian associate Bharti in SingTel sum-of-the parts. Also trims FY10-FY12 earnings forecasts by 0.4%-2.4%, to factor in lower earning expectations for Bharti. "Competitive concerns for Bharti in India could weigh on the SingTel stock in the near term." But maintains Buy rating as has positive 12-month view on associates Telkomsel in Indonesia and Bharti and recent strength of AUD and INR versus the SGD positive for SingTel. Adds SingTel's 2Q10 results largely in line with expectations as good performance in Singapore offset by weaker than expected showing from Optus in Australia. Shares down 1.0% at S$2.95; STI off 0.3%. (KIG)
Singtel net profit 10% rise to $ 956 million !

Singapore - Singapore Telecommunications Ltd (SingTel) on Wednesday said net profit for the second quarter of its fiscal year rose 10.1 per cent from a year ago, led by robust performance in its markets in Singapore and Australia. Net profit for the second quarter ending September 30 reached 956 million Singapore dollars (688 million US dollars), up from 868 Singapore dollars a year earlier, SingTel said in a statement.
In the second quarter, South-East Asia's biggest telecommunications company posted group revenue of 4.1 billion Singapore dollars, a growth of 5.4 per cent year-on-year from 3.89 billion Singapore dollars.
"Our strong financial results were achieved amid a cautious economic climate and despite the negative currency impact," SingTel chief executive officer Chua Sock Koong said.
On Tuesday, SingTel reported that its mobile customer base in the Asia-Pacific expanded to more than 273 million by the end of September, up 57 million, or 26 per cent, from a year ago.
SingTel has six regional mobile associates - India's Bharti, Indonesia's Telkomsel, Globe in the Philippines, Advanced Info Service in Thailand, Pakistan's Warid and Pacific Bangladesh - and a wholly-owned business unit, Optus, in Australia.
Posted : Wed, 11 Nov 2009 13:28:28 GMT |
By : dpa http://www.earthtimes.org/articles/show/294232,singapores-singtel-posts-10-per-cent-rise-in-quarterly-net-profit.html |
0215 GMT [Dow Jones] PREVIEW: Average forecast from Dow Jones Newswires poll of seven analysts tips SingTel (Z74.SG) 2Q net profit likely +11.7% on-year to S$969.9 million on expectations for continued revenue growth in Singapore and Australia, firmer contribution from Telkomsel; poll also tips 2Q operating revenue +6.4% on-year to S$4.14 billion. Contribution from regional mobile associates for quarter, Australia margins and comments about M&A strategy to be closely watched. Results likely due between 2230 GMT-2300 GMT Wednesday(Nov. 11). Shares last flat at S$2.91. (VIN)
0327 GMT [Dow Jones] SingTel (Z74.SG) lags market ahead of 2Q10 results due tomorrow before market open; shares off 0.3% at S$2.90 vs STI +0.6% with support eyed at last week's low of S$2.86. Dow Jones Newswires analyst poll tips 2Q10 net profit likely +11.7% on-year to S$969.9 million on continued revenue growth in Singapore and Australia, firmer contribution from Telkomsel. Deutsche Bank says stock unlikely to move much in near-term as valuation close to historic average, but results could help underpin shares; "still range-bound but expected solid 2Q10 results could support." Maintains Hold rating, S$3.24 target price. Citi meanwhile says uncertain outlook for Indian associate Bharti (532454.BY) amid intense competition in Indian wireless market is clouding prospects, "we need growth clarity here to return for a more positive view on SingTel." Maintains Hold rating and S$3.10 target price. (KIG)
SingTel has never been Strategic since IPO....
One tea lady at the office was so SMART that she sold all at the PEAK and the CFO was holding on to the stock till today....
frosin ( Date: 09-Nov-2009 14:19) Posted:
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Bid Vol | Bid | Ask | Ask Vol |
1,555,000 | 2.890 | 2.900 | 1,726,000 |
1,487,000 | 2.880 | 2.910 | 1,525,000 |
1,471,000 | 2.870 | 2.920 | 567,000 |
1,316,000 | 2.860 | 2.930 | 607,000 |
1,419,000 | 2.850 | 2.940 | 838,000 |
lots more shorting and waiting to recover as always.
only shorties have the answers, to be able to create a 50 cents movement in a dormant day. selling then buy back at lower ... or buying then selling higher... obviously for the first is easier. good volatility in singtel thanks to them
Bid Vol | Bid | Ask | Ask Vol |
1,697,000 | 2.890 | 2.900 | 913,000 |
1,161,000 | 2.880 | 2.910 | 1,086,000 |
800,000 | 2.870 | 2.920 | 627,000 |
1,258,000 | 2.860 | 2.930 | 621,000 |
838,000 | 2.850 | 2.940 | 845,000 |
nickyng ( Date: 09-Nov-2009 09:42) Posted:
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singtel to report on 11/11 before market. i dunno why but if there is bad news, the report comes after market. there is changes in strategy or major investment, the announcement is normally abt noon. good profits takes place before market. anyway, tomolo singtel will go higher on fair expectation of better local revenue as well as better than rival performance in australia and india so far this quarter. this would continue to strengthen this FY's financial figures. especially the new stakes in indian market looks set to better the prospects in the next result reporting already. their issue of bond for optus would also allow optus to make strategic expansion that might justify any bad numbers at the end of the FY. bharti is growing still, not as strongly but relatively healthy. its advantage in the market is still undeniably strong. looking for a good quarter that would signal better operating condition for singtel while "concerns" on price margin narrowing remains a strain, but is something that singtel is expecting or have prep for etc... then goes their forward plan to maybe expand into some market like vietnam, fund raising for expansion, increased in india stake to strategically pitch for a better position in the country next big national broadband etc, becoming a lead or premium content providers in local market prior to NBN so that singtel can effectively compete with the up coming RSP for market shares....
there are just tonnes of good thing singtel can do.... but ONE KEY, they should improve customer service. cheers
frosin ( Date: 06-Nov-2009 01:13) Posted:
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Bharti Airtel not seeking new buys
Reuters
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New Delhi: India’s top mobile operator, is not actively seeking acquisitions, after its $23 billion planned tie-up talks with South Africa’s MTN collapsed, the Indian firm’s chairman Sunil Mittal said on Sunday.
With political rather than commercial factors seen as the deal-killer with MTN, analysts have said Bharti could look at Kuwait’s Zain, Sweden’s Millicom and Egypt’s Orascom.
“Hopefully sometime soon,” Mittal told reporters at the Word Economic Forum, replying to a question whether the company was actively looking at new buys. “We are taking a break,” he said.
Bharti Airtel director Akhil Gupta said last week the company would look at buying a stake in Zain if there was an opportunity, but there was nothing on the horizon.
An international acquisition would open new revenue streams for Bharti Airtel as its home market saturates and cut-throat competition is pushing call charges even lower in a market which already offers some of the world’s cheapest call rates.
Bharti has maintained that emerging markets, including Africa, were of interest for acquisitions.
Bharti, which also runs a Mobile operation in Sri Lanka, was interested in Millicom’s assets in the country, but Etisalat emerged as the winner of the assets.
In India, stiff price competition has clouded the outlook for the once-booming telecom sector as a sharp fall in call charges would hit operators’ profitability.
After a strong response to a per-second billing plan launched by sixth-ranked operator Tata Teleservices, India’s three leading mobile firms, Bharti Airtel, Reliance Communications and Vodafone Essar, have launched similar plans.
“The question is how long this is going to last,” Mittal said of the price war.
“This is a business that needs huge investments, one has to commit billions of dollars,” Mittal said, adding lower return on investments would force consolidations in the industry.
“At the end of the day every economic model will require returns and if there are no returns, you will see consolidation,” he said.
“World over consolidation has taken place. Wherever there have been more operators, they have been reduced. There is empirical evidence.”
India’s telecoms regulator is revisiting the country’s M&A policy for telecoms and Mittal said operators would take their decision based on the policy.
A senior official at No. 2 player Reliance Communications has said they expected a consolidation in the Indian telecom sector to be kicked off in the next 18-24 months.
Singapore Telecommunications (SingTel) has agreed to increase its effective stake in Bharti Airtel to 31.95% from 30.43%.
When asked if it was planned earlier, Mittal said there was no “roadmap” for SingTel increasing its stake.
By Oo Gin Lee |
STARHUB'S offer to host SingTel's pay-TV channels - including its star striker, the English Premier League (EPL) - for free is a bold move, but it will fail.
At first sight, the proposition seems tenable. It would help soothe soccer fans crying foul over the inconvenience of having two set-top boxes to continue catching striker Wayne Rooney's deft touches while enjoying existing favourites like Discovery.
Under the proposal, SingTel's mio TV channels could air on StarHub's cable-TV box, just as viewers have been catching MediaCorp's free-to-air offerings, such as Channels 5 and 8, through the cable box for years. And since StarHub is doing this pro bono, SingTel has nothing to lose, or so the argument goes.
On paper, SingTel has potentially more to gain than just making Singaporeans happy. Currently, mio TV can reach out to only 95 per cent of the nation, but I suspect the figure is actually even lower, judging by anecdotal evidence supplied by many Singaporeans who have been told their homes are not 'mio TV-ready'.
No surprise then that StarHub chief executive Terry Clontz, in his first interview since SingTel's EPL win, raised doubts about his rival's ability to wire up the entire country before the next EPL season starts in August 2010. SingTel Singapore's CEO Allen Lew responded quickly, stressing it would deliver the goods in time. If SingTel accepted the offer, it wouldn't have to worry about losing face if it fails to fulfil its promise.
You might find the lack of coverage strange, as mio TV runs on the same telephone lines that power SingNet's broadband Internet service of many years. They make use of the same asymmetric digital subscriber line (ADSL) technology to transmit data and video packets over phone lines to homes. The problem with ADSL technology - it has hit a speed wall at 25 Mbps, while rival StarHub's cable broadband has raced ahead to 100 Mbps, and can still grow.
5 Nov 2009, 1457 hrs IST,
At 2:39 pm, Bombay Stock Exchange’s Sensex was at 15874.59, down 37.54 points or 0.24 per cent. It touched a low of 15564.89 and high of 15926.13 in trade so far.
National Stock Exchange’s Nifty was at 4723.85, up 13.05 points or 0.28 per cent. The index bounced back from intra-day low of 4610.60 to touch a high of 4733.
BSE Midcap Index was up 1.08 per cent and BSE Smallcap Index moved 1.07 per cent higher.
Amongst the sectoral indices, BSE Metal Index was up 1.60 per cent, BSE Power Index gained 1.31 per cent and BSE Auto Index moved 0.57 per cent higher.
BSE IT Index was down 1.23 per cent, BSE FMCG Index fell 0.96 per cent and BSE Bankex was down 0.24 per cent.
Hindalco Industries (4.11%), Bharti Airtel (3.94%), Reliance Communications (3.28%), Tata Steel (3.11%) and Mahindra & Mahindra (2.38%) were amongst the gainers.
State Bank of India (-1.77%), ACC (-1.71%), Infosys Technologies (-1.32%), Larsen & Toubro (-1.25%), ITC (-1.18%) were amongst the losers.
Market breadth was positive on the BSE with 1626 advances and 986 declines.