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SINGAPORE (Thomson Financial) - Singapore Telecommunications Ltd. is considering investing in China Telecom Corp., a fixed-line operator in the mainland, although formal discussions between the two parties have not started, the Wall Street Journal reported on Thursday, citing unnamed sources....
Sorry to confuse you lah... hahaha...
Sometimes, some TA techniques do not work well with certain stocks. Singtel is one of them for me.
SGX is much more predictable and less volatile than Singtel. Just take a look at the price chart and you can see that quite clearly.
178investors ( Date: 04-Jun-2008 23:09) Posted:
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Jiejie make me confuse leow... Sgx also liquid and volatile (some people said Sgx seow one)... yet i understand some said it bearish trend so tA work there not here. 
See, now i'm in knots.
singaporegal ( Date: 04-Jun-2008 21:38) Posted:
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| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 3.610 | 81 | 1,971,000 | 1,971,000 | 0 | 0 |
| 3.618 | 2 | 9,000 | 0 | 9,000 | 0 |
| 3.620 | 293 | 8,416,000 | 3,718,000 | 1,326,000 | 3,372,000 |
| 3.630 | 118 | 2,185,000 | 2,038,000 | 53,000 | 94,000 |
| 3.640 | 272 | 5,896,000 | 2,815,000 | 0 | 3,081,000 |
| 3.648 | 1 | 37,000 | 0 | 37,000 | 0 |
| 3.650 | 80 | 3,498,000 | 1,604,000 | 1,000,000 | 894,000 |
| 3.659 | 1 | 14,000 | 0 | 14,000 | 0 |
| 3.660 | 75 | 2,087,000 | 458,000 | 673,000 | 956,000 |
| 3.670 | 5 | 86,000 | 0 | 0 | 86,000 |
| TOTAL | 928 | 24,199,000 | 12,604,000 | 3,112,000 | 8,483,000 |
Hi winsontkl,
Singtel always has high liquidity and volatility. From previous experience, my TA method doesn't work well on this counter... that's why I avoid posting on this thread.
winsontkl ( Date: 04-Jun-2008 21:10) Posted:
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Lehman Brothers Research 2/Jun/08
In this note, we present answers provided by SingTel management for key questions asked by investors during the road show:
Q: What is the update with the KPPU and the court decision in Indonesia regarding SingTel and Temasek?
A: SingTel does not agree with the KPPU decision and has appealed the decision to the Indonesian Supreme Court. It is unclear how long it will take for the court to make a decision—it could take from two months to two years for the Supreme Court to make a final judgment in this matter.
Lehman Brothers Research 2/Jun/08(SingTel TP $4.50)
Investment Conclusion
After our non deal roadshow with SingTel
management, we are maintaining our 1-OW
investment opinion as well as our 12-month target
price of $4.50/share based on a SOTP valuation.
Summary
�� We believe EBITDA margins in Singapore will
remain under pressure during 1Q09 from higher
mobile acquisition costs ahead of the introduction
of number portability in June.
�� Optus will focus on cap plans to encourage more
fixed to mobile substitution. Capex and opex likely
to be high to build out 3G network to 96% pop
coverage by Dec 08.
�� Instead of one-time capital reductions, SingTel will
focus on higher annual payout ratios.
�� SingTel is still interested in acquisitions in
developing markets but thinks that the
privatization of mobile companies in Vietnam
might continue to be delayed. SingTel is willing to
increase leverage for acquisitions but will maintain
its investment grade status.
�� Associate growth will be lower in FY09 due to
competitive pressures in Indonesia and a full-year
In this note, we present answers provided by SingTel management for key questions asked by investors during the road show: A: SingTel has increased its dividend payout guidance to 45% to 60% for FY09 from 40% to 50% last year. The company would rather increase its regular dividend payouts rather than having more one-time capital reductions—as more stable regular dividends tend to have a more positive impact on the share price performance over an extended period, according to the company. SingTel’s decision not to pay out a one-time capital reduction for 2H 08 was partially due to this thought process. In addition, SingTel wants to maintain its cash position for potential acquisitions.
consolidation of Warid in Pakistan.
Q: What are SingTel’s thoughts regarding returning capital to investors?
still the news to come. your choice.
Profit taking or .....
SingTel
May 30 close: S$3.81
DMG & Partners Securities, May 30
REGION should drive growth: Since its listing in 1993, SingTel has grown from a state-owned monopoly into a pan-Asian telco giant with operations in Australia, Indonesia, India and the Philippines, offering a full suite of services. In all, it has 185 million mobile customers, the largest in Asia ex-China. Mobile penetration rates in these developing countries are still very low - between 18 per cent and 77 per cent - compared with 99 per cent in Australia and close to 130 per cent in Singapore. Income from overseas operations contributes over 70 per cent to the group's operating profit. This segment will continue to grow.
The heat is on: Singapore's telecommunications industry will be feeling the heat over the next few months as full mobile number portability (MNP) gets rolled out in two weeks' time. The three telcos will likely continue splurging on marketing campaigns after the MNP rollout in order to protect their turfs (they have been doing so over the past few quarters), which will likely lead to narrower margins. However, we believe that SingTel will be able to rise above its rivals, both of which are still very much focused on Singapore.
Network opportunities: The Next Generation National Broadband Network is aimed at solidifying Singapore's Infocomm hub status, and will be capable of ultra high speeds of symmetric 1 Gbps, more than 10 times the current speed. We believe the odds currently favour SingTel's OpenNet consortium, as SingTel offers an unparalleled access to underground network of ducts. SPT, the telco arm of Singapore Power, also has a broadband network and access to underground ducts. SingTel and SPH will be there to drive the content.
Expected returns of 14 per cent: Based on our sum-of-the-parts valuation, we attain a target price of S$4.10, which implies a potential upside of 10.5 per cent. Together with a prospective yield of 3.9 per cent, the total return for the stock works out to 14.4 per cent. We initiate coverage on SingTel with a 'buy' rating.
BUY
next week will go $4. Cheers!!