SingTel    Last:3.76    -0.03

Singtel

It soared to its highest level in more than six years, after Deutsche Bank said in a research report that the stock is trading at cheap valuations.



Deutsche Bank estimates that SingTel's Singapore and Optus operations will result in a 2007 financial year net income of approximately $1.7 billion, giving the firm a PER of 12.4.



The 12.4 ratio is "below many comparables, suggesting to us that Singapore and Optus are relatively undervalued," Deutsche Bank said in a client note.



Deutsche Bank recommends that investors "buy" SingTel's stock, with a price target of $3.40.

 

3.12 liao lor :)

 

Yup,

Singtel's strength was confirmed yesterday, so it' a good bet that prices should inch up.

But mind you... this serious heavy weight is not likely to do any frivolous "cheong" stuff.

 

Buy!!!!! Love their 'styles' .

 

bingo 3.02

 

Probably true... TA charts show that it may be on a renewed uptrend after price faltered a little in the last week. $3 levels are definitely possible.

 

Hey, with todays's price action, this one is likely to be a continuation at the flagpole top. It will be more likely if the price hits 3.00 on real volume anytime now.

 

Australian media said on Thursday that the telecom's Australian unit Optus was leading a push by nine telecommunications providers to build a high-speed broadband network, after rival Telstra shelved plans for a fibre-to-the-node network last month.

 

down, up, down, up is very common in the market but will be up in the long run.

 

This one has a long way to go, man...

Starhub UP, Singtel DOWN.

 

Singtel now on downtrend. Would probably fall more after its XD.

 

It soared to its highest level in more than five years, on talk that the firm could launch a bid for an Australian voice provider firm, valued at A$543 million.



Australian media reports on Thursday said that SingTel may offer A$2.40 a share for Commander Communications, which specializes in voice, data and Internet systems, through its Australian unit Optus.



The possible A$2.40 offer would be 15.3% above Commander's last close of A$2.08 on Thursday. Shares of Commander soared as much as 12.4% to A$2.27 in intraday trading.



SingTel could not be reached for comment on Friday.



But local brokerage CIMB-GK Securities said in a client note on Friday that the possible acquisition would not affect SingTel significantly, although it could boost Optus's FY08-09 core net profit by 2-3%.



CIMB-GK analyst Kelvin Goh maintained his "neutral" rating on SingTel with a price target of $3.10.

 

Still on uptrend... $3 levels soon?

 

yupe, they are heading to $3... miss the boat...

 

Now the main counter should be utilities / REit / property and Big Dividend payout Blue chip counters. Investors dun like uncertainty and many would move to safer counters.

 

Ya. Hope so too. Think it has a good business model, existing operation generated $938 m of cash flow this quarter, which can be invested in growing telco, or distributed as dividend!!! It's really in an enviable position... Ah Yang is leaving on a high note!!!

 

I think Singtel will still uptrend even more. Maybe approach $3 levels?

 

The combined mobile subscriber base of SingTel, SingTel Optus and the Group?s five

regional associates grew 36 per cent to reach 100.8 million customers from about 74 million

customers a year ago.

Compared to the previous quarter, this figure represents an increase of 8.4 million customers.

It is the highest quarterly growth in mobile numbers registered by the SingTel Group.1100.8 million customers from about 74 million

customers a year ago.

Compared to the previous quarter, this figure represents an increase of 8.4 million customers.

It is the highest quarterly growth in mobile numbers registered by the SingTel Group.11

On a proportionate basis, SingTel?s subscriber base in the seven markets ? Australia,

Bangladesh, India, Indonesia, the Philippines, Singapore and Thailand ? increased 31 per

cent from a year ago to more than 38 million.

The strongest growth came from Bharti and Telkomsel. As at 30 September 2006, Bharti?s

total subscriber base was 27.1 million. On a year-on-year basis, this is a record subscriber

growth of 92 per cent. Telkomsel also added a record 3.2 million in net new subscribers in

the current quarter. Its total mobile subscriber base of 32.5 million represents a 38 per cent

increase from a year ago.

In Australia, SingTel Optus added 46,000 customers for the quarter, increasing its mobile

customer base to 6.60 million. This represents an 8.5 per cent rise year-on-year. The growth

was achieved in a highly competitive market. As of 30 September 2006, there were 184,000

subscribers provisioned with 3G services.

SingTel saw an increase of 81,000 mobile subscribers - a record quarterly addition ? to reach

1.70 million mobile customers in Singapore as at 30 September 2006. The rise was largely

boosted by the good response to SingTel?s ?Hot $100? promotion where prepaid mobile

subscribers pay only $28 for $100 worth of call value. The number of 3G subscribers also

increased to 259,000 from 191,000 a quarter ago.

1 The previous record increase was 7.4 million subscribers for the quarter ended 30 June 2006.The previous record increase was 7.4 million subscribers for the quarter ended 30 June 2006.

 

It rose to its highest level in nearly six-month high after its Philippine subsidiary Globe Telecom reported robust third-quarter net profits.



Globe, the Philippines' second-largest phone company, said its net profit soared 59% in the third quarter from a year ago, aided by foreign exchange gains from a strong peso. Globe, in which SingTel has a 44.6% stake, is also owned by Philippine conglomerate Ayala Corp.

 

May be ending the uptrend... be cautious. A few more days to confirm the trend.