SingTel    Last:4.35   -

Singtel Bullish???

iluvboost      ( Date: 22-Aug-2013 09:48) Posted: scooping some singtel on every pullback. entered 3.57....

 

scooping some singtel on every pullback. entered 3.57....

   

 

Singtel Increases Its Stake In Bharti Telecom
Singapore Telecommunications (Singtel) enters into an agreement with MacRitchie Investments to purchase 788,538 shares or 3.62 percent stake in Indian telecommunications company, Bharti Telecom (Bharti). The purchase will cost Singtel $383.6 million and increase its stake to 39.78 percent from 36.16 percent. Bharti, through its subsidiaries, is the world?s third largest mobile telecommunications company and operates in 20 countries across South Asia, Africa and the Channel Islands. Notably, Bharti owns Bharti Airtel (Airtel), the largest mobile provider in India. This will allow Singtel have an effective interest of 32.34 percent in Airtel.

Significance: The acquisition is part of Singtel?s plan to grow earnings as they experience a slowdown in Singapore and other countries. Currently, Singtel also owns stakes in phone companies including Thailand?s Advanced Info Service Pcl, Indonesia?s PT Telekomunikasi Selular and Globe Telecom in the Philippines.

 

Group announced that it has entered into a conditional share purchase agreement with MacRitchie Investments to acquire 788,538 shares of Bharti Telecom (BTL) for $383.6m. The Acquisition represents approximately 3.62% of the equity shares in BTL. The Acquisition would allow SingTel to increase its effective stake in BAL, and is in line with SingTel?s strategic focus on maximising the value of its existing businesses, which includes reviewing opportunities to increase shareholdings in existing associates. Following the acquisition, SingTel's stake in BAL, which is linked to Bharti Airtel Ltd, will rise to 39.78%from 36.16%, while its effective interest in Bharti Airtel will rise to 32.34% from 30.76%. The Acquisition is not expected to have a material impact on SingTel?s earnings per share nor its net tangible assets for FY14. Deustche maintains Buy, TP $4.38. Note that positive view remains unchanged post this development. Remains focused on improving underlying momentum in SingTel?s key markets. Barclays maintains O/w, TP $4.00, given its ?growth and yield? thesis. Forecast 3-year (FY13-16E) earnings CAGR at 10% and a 70% payout delivers a yield of 4.7% for FY14E, rising to 5.5% in two years as earnings grow. Potential asset monetization points to the possibility of a special dividend in FY14E ? a positive catalyst, if delivered.

 

SingTel Dials Up Higher Profit

 

Telecommunications operator SingTel (SGX: Z74) released its first quarter results earlier today. It posted a 5.3% decline in quarterly revenue to S$4.29b compared to a year ago while profit was up 7% to S$1.01b.

The broad picture for the top-line dip was due to lower revenue coming in from the company?s Australian operations as well as a weaker Australian dollar relative to our local currency. SingTel?s Australian business is headed by its wholly-owned subsidiary, Optus, which lags behind Australia?s largest telco, Telstra (SGX: TLS).

As for the profit growth, the main contributor was a 14% year-on-year increase in pre-tax profit to S$578m from SingTel?s associates. These associates, which are mainly foreign telcos in which SingTel has a stake in, includes: Telkomsel in Indonesia AIS in Thailand Bharti AirTel from India and Globe Telecom in Philippines, among others.

The other factor was the 4.3% year-on-year growth to S$1.3b in SingTel?s quarterly earnings before interest, taxes, depreciation & amortisation (EBITDA), exclusive of pre-tax profits from associates.

SingTel splits its business operations into three segments: Group Consumer Group Enterprise and Group Digital Life.

Group Consumer contributes more than 60% of SingTel?s revenue and EBITDA, so it?s an important segment for the company. It comprises SingTel?s consumer businesses across Singapore and Australia (represented by Optus) as well as the company?s investments in its previously-mentioned associates.

For the quarter, the segment saw a 6.3% year-on-year slip in revenue to S$2.7b driven mainly by a fall in revenue from Optus as the Australian business continues to reposition itself to grow in mobile data services. EBITDA for the segment actually moved up 4.6% to S$808m due to lower costs in Australia.

Group Enterprise is focused on the enterprise markets (i.e. corporate customers) in Singapore and Australia and its key services include: mobile voice & data infrastructure managed services cloud computing IT services and professional consulting.

The segment brought in S$1.56b in sales for the quarter, down 4.1% from a year ago. Management cited a ?more cautious business environment and weaker Australian dollar? as reasons for the decline. On a brighter note, EBITDA for the segment actually grew by 3% year-on-year to S$532m due to better cost management and sale of submarine cable assets.

Lastly, Group Digital Life, the smallest business segment, saw revenue increase by 50% to S$30m from a year ago. It focuses on SingTel?s digital and internet-related businesses, such as e-commerce and mobile advertising.

The segment?s EBITDA contribution was a negative S$32m, down from last year?s negative S$24m.

SingTel?s chief executive, Chua Sock Koong, commented on the quarter, ?It was a strong quarter. We continue to make progress in strengthening our high performance core business and create next-generation growth engines in the digital space. We made good strides in our transformational initiatives, improving yield and capturing value from increased data usage trends.

Due to the diversity of our business, we are subject to foreign exchange volatility and have updated our guidance in view of the weakening Australian Dollar. Notwithstanding the currency impact, our business remains strong and we continue to execute strongly on our strategy to deliver long term growth.?

The company provided some guidance for the rest of the year and expects to see mid-single-digit decline in revenues and a low-single-digit decline in EBITDA. That?s in contrast to SingTel?s guidance for the current financial year given in its previous earnings release where it initially expected to see stable revenues and single-digit growth in EBITDA.

The market does not seem too happy with SingTel?s results as it?s down by 1.6% to S$3.76 at 1:30pm, even as the broader market, represented by the Straits Times Index (SGX: ^STI), only dipped by 0.1% to 3,241 points.

At S$3.76, shares of SingTel are selling for 17 times trailing earnings and carry a dividend yield of 4.5% based on the full-year pay-out for its last completed financial year.

 

SingTel Q1 net profit up 7%, flags falling revenue

Southeast Asia's largest telecommunications operator Singapore Telecommunications Ltd reported a 7 per cent rise in first-quarter net profit on Wednesday, helped by its consumer business and contribution from its regional mobile associates.

But the company said it expects group revenue to fall by mid single digit level and earnings before interests, taxes, depreciation and amortisation (EBITDA) to decline by low single digit level for the financial year ending March 2014.

" Due to the diversity of our business, we are subject to foreign exchange volatility and have updated our guidance in view of the weakening Australian Dollar," SingTel chief executive Chua Sock Koong said in a statement.

SingTel earned S$1.01 billion (US$796.84 million) in the three months ended in June, up from S$945 million a year ago. Its underlying net profit rose 6 per cent to S$897 million.

 

SINGTEL'S mio TV will have to share English Premier League (EPL) matches with StarHub over the next three years. On Friday evening, Minister for Communications and Information Yaacob Ibrahim rejected SingTel's appeal and reaffirmed a finding by the Media Development Authority (MDA) in April which had deemed SingTel's EPL broadcast rights deal an exclusive one and therefore subjected to the cross-carriage rule. The rule obliges pay-TV operator to share exclusive content with its rivals upon request. " The minister, having carefully considered the written arguments from both (SingTel) and MDA, has decided to reject (SingTel's) appeal against MDA's direction," the Ministry of Communications and Information said in a statement.

 

 

  I think saw it in 1 of these forum, sorry not sure

  http://www.puntersgallery.com/index.php

  http://www.nextinsight.com.sg/

Gaylek      ( Date: 24-Jul-2013 15:44) Posted: wah ho seh liao! bo share article!? hahaha.. cobrajr      ( Date: 24-Jul-2013 12:16) Posted: Naaaap, read somewhere that   Fibre optic, Satellites, under sea cable in Myanmar will go to ..... heh heh heh

 

wah ho seh liao! bo share article!? hahaha..

cobrajr      ( Date: 24-Jul-2013 12:16) Posted: Naaaap, read somewhere that   Fibre optic, Satellites, under sea cable in Myanmar will go to ..... heh heh heh   Gaylek      ( Date: 23-Jul-2013 20:43) Posted: $4.00 in sight soon. TP: $4.24.

 

Naaaap, read somewhere that   Fibre optic, Satellites, under sea cable in Myanmar will go to ..... heh heh heh

 

Gaylek      ( Date: 23-Jul-2013 20:43) Posted: $4.00 in sight soon. TP: $4.24.

 

Because Singtel is a mega-cap.......

Cheers      ( Date: 23-Jul-2013 23:26) Posted: Singtel volume is always higher than Starhub and m1. Reasons: Temasek linked company . Investors favourite stock. Gd dividend . Good bluechip. Gd cash revenue n balance sheet. ❤ The stock that ❤ you back.👍 💰

 

Singtel volume is always higher than Starhub and m1.
Reasons:
Temasek linked company .
Investors favourite stock.
Gd dividend .
Good bluechip.
Gd cash revenue n balance sheet.
❤ The stock that ❤ you back.👍 💰

 

$4.00 in sight soon. TP: $4.24. 

 

UOB Kay Hian maintains Hold with $3.79 TP. House note that fears over tapering of QE3 and outflow of funds from emerging markets led to a 7.9% depreciation of the Indian rupee against the Singapore dollar. In addition, the Australian dollar has also declined 10.2% against the Singapore dollar. House have updated our SOTP valuation based on the latest exchange rates.

 

Power of CD!!!

Cheers      ( Date: 04-Jul-2013 14:16) Posted: Singtel Exdate 5/8 Dividend 0.1💰 It is indeed a good dividend bluechip. Gd balance sheet - in comparison to Starhub n M1.:)

 

Singtel Exdate 5/8
Dividend 0.1💰
It is indeed a good dividend bluechip.
Gd balance sheet - in comparison to Starhub n M1.:)

 

too expensive now for all Telco . Think can wait for $3.00 & below to accumulate .

 

Technically, Z74 has been showing support around 3.641 and resistance in the 3.979 price range. It is rated a buy with the 4.648 target price in six months.     http://sgx.stoxline.com/quote.php?s=z74

 

SingTel    Last:3.77   Vol:43708k    +0.05
Singtel Bullish......happily. Hohohoho :)

donperry      ( Date: 25-Jun-2013 16:09) Posted: what is singtel story today, volume edging up & up..very steady

 

I guess when chances of getting Myanmar, price went down as profitability will be affected and large fund needed... so when not getting it, price goes back up to 3.8 TP and will cross 4 when market sentiment is getting ok