Profit margin. Net profit margin decreased from 25.3% in 4Q FY2008 to 24.6% in 1Q FY2009. This was due to the increase in operating expenses mainly from the inclusion of Singapore Computer Systems (SCS) in its financial statements.
Merger between Bharti and MTN. Currently, Bharti and South Africa’s largest telecommunications company, MTN, are in discussions and the agreement extends up to 31 August 2009. During the briefing, SingTel has declined to disclose details about the transaction. Currently, SingTel has a 30.4% equity interest in Bharti. We believe that SingTel will try to increase its stake in Bharti to avoid any dilution in interests if the merger is successful.
Listing of NCS. SingTel has acquired SCS and include it as part of NCS. We believe that there is a possibility that SingTel may list NCS after it has reorganised the operations of NCS. This will enable SingTel to raise funds that may be used to increase its stakes in the regional mobile associates, for future acquisitions or distribution as dividends to shareholders.
FY2010F Outlook. The company expects the operating revenue for the Singapore and Australian businesses to grow at single-digit level and low single-digit level respectively. Moreover, among its regional mobile associates, Bharti and Telkomsel are likely to see growth in earnings. Nevertheless, the contributions from the regional mobile associates are likely to be affected by the depreciation in the regional currencies.
Maintain BUY recommendation and target price at S$3.80. We rate SingTel as buy and maintain the target price at S$3.80 because of its good financial performance. Furthermore, SingTel has highlighted that the worst is over and it is monitoring the recovery of its operations. In fact, we continue to like SingTel as it has established operations in Singapore and Australia as well as strong profit contributions from its regional mobile associates.
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1221-1240 of 2311
Hmm......then can consider buying break out at 3.22 for 3.38 ............
DJ South Africa Backs MTN-Bharti Tie-Up - Reuters
DOW JONES NEWSWIRES
The South African government is backing the proposed $23 billion deal between MTN (MTN.JO) and India's Bharti Airtel (532454.BY), Reuters reported Tuesday, citing an unnamed government spokesman.
The deal doesn't need regulatory approval as it isn't a full merger but the backing from Pretoria is key, the report on the Reuters Web site said.
Full story: http://www.reuters.com/article/rbssWirelessTelecommunicationServices/idUSL157773520090901
1 joker bought alot pushing the stock from $3.24 to $3.27 in morning 9 am plus and dun noe if it is the same joker who sold at 5pm pushing $3.18 to $$3.14.
If it is the same person, he is going to be so dead.
some fella bought 6.8 mil shares @ 3.27 this morning!!
singtel starting its move up..
ozone2002 ( Date: 26-Aug-2009 09:24) Posted:
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=DJ Bharti Airtel Offers MTN Group $13.1B For 49% Stake -Sources
By Costas Paris and Se Young Lee Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)--Bharti Airtel Ltd. (532454.BY) is currently offering shareholders of South Africa's MTN Group Ltd. (MTN.JO) roughly $13.1 billion in cash and shares for a 49% stake and the two sides are close to an agreement, people familiar with the matter say.
However, there is no certainty MTN shareholders will back the deal.
"The concern is that MTN holders may insist on a higher offer by Bharti. If they are convinced by the management, we will have an agreement by mid-September," said a person familiar with the situation. "It will become more clear in the next few days. The offer may change in the end."
Shareholders holding a combined 75% in MTN must approve the deal.
The person said Bharti is considering a small sweetener from its current offer but there is not much space to maneuver as the South African rand has gained against the U.S. dollar since the revival of the talks in May.
Since May 15, the rand has risen 9.2% against the U.S. dollar, trading at ZAR7.86 as of 0502 GMT. The transaction will be done in U.S. dollars.
At current prices, Bharti will pay around $7.4 billion in cash. MTN shareholders will also receive Bharti global depositary receipts - 1 GDR per two MTN shares - that are worth about $5.7 billion in total.
Bharti has lined up about $4 billion in loans from eight banks to help finance the deal, said the person.
"Bharti has already increased the cash portion, but MTN holders want around another billion, mostly in cash. That's the sticking point," the person said. "But the signals from MTN is that their shareholders will eventually go along with a smaller premium."
A second person said that MTN must mainly convince the Public Investment Corp., a powerful body controlled by the South African government that holds more than a 20% stake in the company, to accept the deal.
PIC is perceived to act on behalf of the government.
Lebanon's Mikati family, which owns 10% of MTN, has already said it backs the deal.
The second person said MTN is now offering Bharti around $10.5 billion for a 36% stake in the Indian operator. The company said in May that $2.9 billion will be in cash, so the remaining $7.6 billion will be in shares.
The total value of the deal amounts to $23.6 billion, which is close to the $23 billion figure announced by the two companies in May.
The first person said backing by Bharti's shareholders is not an issue as the founding family holds more than 45% and Singapore Telecommunications Ltd. (Z74.SG) holds another 30%. The Indian company also needs approval by 75% of its investors and SingTel supports Bharti in the transaction.
A third person told Dow Jones Newswires that SingTel is considering buying Bharti GDRs from MTN shareholders in order to keep its position in the Indian company close to its current level of 30%. Analysts have estimated that SingTel's stake will be reduced to about 19.4% based on the terms disclosed so far.
Citigroup said in a report that the GDRs will represent about 11% of Bharti's outstanding shares. While SingTel would be able to preserve its stake at current levels by buying all of them, the report said SingTel may need to raise equity to pay for all the GDRs.
If the marriage works out, it will create the world's third-largest mobile phone operator by subscribers, with over 200 million users.
The two companies extended earlier this month their exclusive talks to Sept. 30.
-By Costas Paris and Se Young Lee, Dow Jones Newswires; 65 6415 4151; costas.paris@dowjones.com
*DJ Bharti, MTN Deal May Be Sealed Mid-September -Sources
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*DJ SingTel Eyes Bharti GDRs To Maintain Stake In Co - Sources
27 August 2009 14:58
lol i bought at 3.20 too.....profit pls!! :P
waiting for the move up..
ozone2002 ( Date: 15-Aug-2009 19:06) Posted:
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Let's hope singtel performs today with STI down at the moment
learningtheropes ( Date: 21-Aug-2009 13:55) Posted:
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| Optus launches satellite to deliver next-gen digital, HD TV to homes |
| Written by The Edge Singapore |
| Monday, 24 August 2009 08:50 |
SingTel’s wholly-owned Australian unit Optus says today satellite Optus D3 was successfully launched into orbit following a lift-off from French Guiana.
The Optus D3 satellite will expand Optus’ satellite fleet capacity, provide an in-orbit redundancy capability and marks the first use of the Broadcast Satellite Service (BSS) spectrum in Australia.
The BSS band will allow Optus’ broadcast customers to increase their delivery of the next generation of digital and high definition television to the home.
Paul O’Sullivan, Optus Chief Executive, says, “Optus launched Australia’s first satellite almost 25 years ago and we continue to fly the country’s satellite fleet today. As the only Australian telco to own and operate satellites, Optus is the leading provider of satellite services across Australia and New Zealand. Satellite makes sense for the nation. Optus satellite reaches all corners of the country delivering subscription television, free-to-air TV, voice, internet and radio services making it an important source of news and entertainment for the entire population.”
Vicki Brady, Optus Wholesale and Satellite Managing Director, says, “This new satellite will increase Optus’ fleet capacity by more than 30%. Optus is proud to carry the majority of the country's satellite TV and radio services so thisincreased capacity will not only provide new business opportunities for us, it will also allow our free-to-air television and subscription television customers to provide new and advanced digital services to their customers across Australia and New Zealand.”
SingTel (STEL.SI) said today its Optus unit had successfully launched a satellite into orbit from French Guiana.
Monday, 24 August 2009 08:34
Monday, 24 August 2009 08:34
ya lor..when sti down singtel down, when sti up singtel also down..what is this stock doing man?it has been really bad for this counter ever since XD..
Thought in many instances when STI is down, Singtel will chiong. But why the last few times when STI struggling, Singtel also struggle... Boring.
DJ Bharti, MTN Have Discussed Most Deal Terms Threadbare - TV
BANGALORE (Dow Jones)--India's Bharti Airtel Ltd. (532454.BY) and South Africa's MTN Group Ltd. (MTN.JO) have discussed threadbare most of the terms of a deal to form a merger, a CNBC TV-18 report said Thursday, citing unnamed sources.
The two companies, however, have yet to finalize issues such as the board structure after a merger, the report said, without elaborating.
Earlier in the day, Bharti Airtel and MTN said they have extended their exclusive merger talks for the second time to Sept. 30.
"Discussions between the parties regarding the potential transaction continue to progress satisfactorily and the parties have accordingly agreed to extend the exclusivity period until Sept. 30, 2009," Bharti Airtel said in a statement, without giving a reason for the extension.
The two companies in May, revived talks to form a complex combination. A merger, if it goes through, would create a telecom giant with combined annual revenue of more than $20 billion and over 200 million subscribers.
The Rally Isn't Dead: Emerging Market Stocks to Own
Posted Aug 17, 2009 01:00pm EDT by Peter Gorenstein in InvestingDon't panic. The overnight drop in China and other emerging stocks markets is not only overdue, it's temporary. That's the word from Uri Landesman, the head of global growth for ING Investment Management Americas. In the short term he expects the S&P 500 to pullback, then rise again and end the year around 1135. If that happens, Landesman says, "I would expect those emerging markets to outperform that rise. So, I expect them to behave very much like high beta options on the S&P 500.”
Landesman, who oversees about $2.5 billion in assets, is bullish on materials. The best way to play that sector, he says, it to buy commodity producers or banks in Brazil and Russia. In Brazil he recommends Banco Bradesco, or the largest commodity players Vale and/or Petrobras. In Russia, his picks include Sber Bank, mining giant Mechel, Luk Oil or the natural gas producer, Gazprom. (Disclosure: Landesman has owned all these stocks in the past and currently has a small position in BBD, OGZPY and MTL.)
And, we can’t talk emerging markets with mentioning China. Despite the more than 5% drop in the Shanghai Index last night, Landesman believes it's a market you want to own. "China, we continue to believe, will be at the forefront of emerging market economies and markets and if you're going to be in emerging markets I think you’ve got to be in China."
well, CEO bought early this year but now already august and morgan stanley keep updating its forecast
tea444u ( Date: 17-Aug-2009 00:19) Posted:
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But note that the CEO bought lots at 2.52 range earlier this year .....don't you think the CEO would know better than Morgan Stanley? not vested...yet.....
bennykusman ( Date: 14-Aug-2009 12:18) Posted:
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Today another up bar .. previous day was a down bar with pretty high vol..
pro $$ is collectin this share.. and looks like they are gonna push this up..
vested $3.2
ozone2002 ( Date: 11-Aug-2009 21:54) Posted:
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