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Thanks for the info. Where did you get this info from?
Oh....xd for the div is 7 Aug 07.
Appelet123,
Final div 6.5 c and Special div 9.5 c .....total 16.0 ct per share....all div is one-tier tax exempt.
I saw in the SGX website that singtel is giving out dividend but I can't figure out how much. Can someone advise me?
Maybe will drop another 10c ( to 3.28) or so before rising again...
Maybe will drop another 10c or so before rising again...
SingTel closed @$3.36 is consider good price. Better still if you have holding on power bcos this counter is having accumalation...
Just my 2 cents worth...
Good time to accumalate at $3.3+.....target is $3.50..correction finishing soon.
TA charts for Singtel looks moderately bearish for now. Acc/Dist and Chaikin both downtrending. Price also cut the lower B Band.
Thanks. Bought Singtel at 3.32 last month.
Are you refering to share buyback? Share buyback will usually cost the share price to move up a few notch.
Just curious. What is the impact of a company buying their own shares?
i think you can read this from sgx website.
http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/8238ad015fb967f9482572d7003358ed?OpenDocument
Applet123, can elaboarate on your statement? Where you get this news?
Singtel bought back their shares. Does that mean that investers are owning more of Singtel now?
heng heng sold previous week at 3.46....huat ahhhh
If fall below 3.3..can consider buying in again.
From BT
Lower payout
Some analysts noted that while the 2007 dividends were higher than the $2-$2.5 billion expected, the total payout was below 2006, when the company also announced a capital reduction.
'This (dividend) is significantly ahead of expectations,' Deutsche Bank analysts William Bratton and Matt Adams said, rating SingTel a 'buy' with a $3.65 price target.
Citigroup analyst Anand Ramachandran, who also has a 'buy' on the stock, said the dividend could have been higher.
TA charts for singtel don't look very good. Probably due to drop in profit.
price drop could be due to nervy retail investors who read that singtel's profit fell 41%! not considering the fact tt last yr's profit was boosted by a one-off gain. in fact,the results were better than expectations and i expect the stock to rebound!
FROM Reuters, 20.5 cents divvy
SINGAPORE, May 9 (Reuters) - Singapore Telecommunications (STEL.SI: Quote, Profile , Research), Southeast Asia's largest phone company, posted a 41 percent drop in quarterly profit after its results in the year ago period were boosted by one-off gains, but still beat market expectations.
Fourth-quarter attributable net profit was at S$989 million ($653 million) versus S$1.68 billion last year, bringing full-year 2006/07 net profit to S$3.78 billion.
The quarterly net profit was above an average net profit forecast of S$904 million by 17 analysts polled by Reuters Estimates.
State-controlled SingTel -- Singapore's largest listed firm, headed by new chief executive Chua Sock Koong -- made underlying net profit before goodwill and exceptionals of S$971 million in January-March, versus S$1 billion a year ago.
The company also proposed to return S$3.3 billion in capital to shareholders via a dividend payment of 20.5 Singapore cents per share.
Battling heavy competition at home, where the mobile phone penetration rate has reached 100 percent, SingTel has spent S$20 billion in recent years buying firms in high-growth Asian countries and in the bigger Australian market.
SingTel shares were flat in January-March, underperforming an 8.2 percent rise in the Straits Times Index <.STI>.