SingTel
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Singtel Bullish???
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641-660 of 2311
Yeap! This one is right into my radar screen again since it break $3 last wk as yield returns to 5% or more again. Lets see...hehe!
KiLrOy ( Date: 17-Feb-2011 21:08) Posted:
| i'll support singtel if it does go to/near 2.91/3... :) |
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I'm bearish on telco this moment.
I think Singtel is oversold at the moment. It may not be spectacular or have an outstanding long term prospect in the pipeline, but fundamentally it is still very strong.
The recent decline(straight losses for almost 2 weeks) it is a case of just the ETFs pulling their funds back to US, UK etc.
IMO, there is easily some room for making some quick bucks here.
Moreover, after the Budget, more people will come back to trade.
I'm going in on Singtel once market opens, BIG.
Good Luck!
Huat ar!
i'll support singtel if it does go to/near 2.91/3... :)
2.97 good buy?
kanna rape?
SINGAPORE, Feb 11 (Reuters) - UOB Kay Hian has cut its target price for Singapore Telecommunications to S$3.07 from S$3.17 and kept its sell rating.
STATEMENT: Although SingTel has been benefiting from buoyant domestic consumption in Singapore, UOB noted that competition in the region was heating up and may continue to affect SingTel's earnings.
" Emerging economies in this region also face risk of higher inflation and weaker currencies," which could weaken earnings, said UOB in a report. SingTel reported on Thursday its third quarter underlying net profit fell 2.2 percent to S$968 million, beating market expectations as strong performances in Singapore and Australia helped cushion falling contributions from its Indian operation.
At 0122 GMT, shares of SingTel were 0.33 percent higher at S$3.06, and have also gained the same amount since the start of the year.
(Reporting by Charmian Kok) ((charmian.kok@thomsonreuters.com)(+65 6403 5666)(Reuters Messaging: charmian.kok.reuters.com@reuters.net))
Singapore Telecommunications |
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(ST SP / STEL.SI, UNDERPERFORM - Maintained, S$3.05 - Tgt. S$3.29, Telecommunications) |
Maintain UNDERPERFORM on SingTel, following its 3QFY11 results conference call. Our rating is still premised on rising competition in Australia , regulatory issues in India and Thailand , and a sluggish performance in Indonesia . Optus noted pressure on its voice tariffs, and we believe competition will intensify further in Australia . Coupled with Bharti and AIS facing the prospects of their governments imposing one-off fees and seeking compensation, we believe SingTel is facing more headwinds. No change to our earnings estimates or SOP-based target price of S$3.29. We continue to prefer M1 among Singapore telcos as it should be the biggest beneficiary of NGNBN and directly benefit from rising roaming revenue. For exposure to regional telcos, we like Axiata. |
/cimb
SingTel (ST SP, $3.05, HOLD, TP $3.11) – SingTel’s 3QFY Mar11 results are in line with expectations. The quarterly results are immaterial at this point as competition and regulation, still affecting most of its key business units, are the main concerns. On the upside however, improving free cash flow means expectations of the full-year dividend yield of 5% currently remain intact and should provide support for the stock. We leave our
HOLD recommendation, forecasts and target price unchanged.
/KE fyi /
SingTel – Results (Alfred Low)
Recommendation: Hold
Previous close: S$3.05
Fair value: S$3.32
· 3Q11 revenue of S$4,704m, net profit of S$998m
- Earnings and outlook were within expectations
- Maintain hold and fair value at S$3.32
//PS for yr ref///
SingTel, the biggest company on the Singapore Exchange, recorded an underlying net profit of S$968 million ($759.8 million) in October-December, down from S$990 million a year ago but above an average forecast of S$935.4 million by six analysts.
Revenue at the company, which has a market value of $39 billion, climbed 5.7 percent in local currency terms to S$4.7 billion in the quarter.
With a domestic market of just 5 million people and virtually everyone in Singapore owning mobile phone, SingTel has bought stakes in mobile operators in high-growth Asian countries such as India, Indonesia and in Australia to boost its earnings.
At home, analysts say the introduction of a next-generation high-speed nationwide internet broadband network could provide more challenges, especially in the corporate market.
Singapore Telecommunications (SingTel) said strong performances in Singapore and Australia helped cushion falling contributions from its Indian operation as Southeast Asia’s biggest telecom firm reported a smaller than expected 2.2 percent fall in quarterly profit.
SingTel’s Indian associate Bharti Airtel was the spoiler for its third-quarter earnings as the Indian firm saw its October-December net profit slump 41 percent on currency losses and a drag from the $9 billion acquisition of the African operations of Kuwait’s Zain .
Bharti, India’s top mobile carrier in which SingTel has a 32.2 percent stake, could see improved prospects this year on growth of its African business and launch of third-generation mobile services in India.
SingTel said in Singapore dollar terms, profit before tax contribution from Bharti was down 22 percent to S$184 million.
The Zain acquisition has weighed on SingTel in the past two quarters. SingTel CEO Chua Sock Koong said in November that the company will take at least another two quarters to restructure the African operation.
SingTel shares have risen by 1.3 percent so far this year, outperforming the 1.2 percent fall in the broader Singapore market ($1 = 1.274 Singapore Dollars)
any reason that it dropped 4 cents ?
bsiong ( Date: 10-Feb-2011 17:21) Posted:
Summary: SingTel reported its 3Q11 results this morning, with revenue up 5.7% YoY and 6.0% QoQ to S$4703.6m, once again reflecting robust mobile performance in Singapore and Australia. However due to weaker associate performance (down 19.9% YoY and 10.5% QoQ), net profit rose by only 0.8% YoY (but still up 11.9% QoQ) to S$998.2m. Excluding exceptional items, underlying net profit fell 5.3% YoY (but grew 5.3% QoQ) to S$937.9m. For 9M11, revenue climbed 8.3% to S$13428.1m, meeting 76.3% of our FY11 forecast, while core net profit fell 4.2% to S$2771.9m, meeting 80.4% of our full-year estimate. Meanwhile, SingTel has maintained its FY11 guidance, where it expects overall revenue to grow but EBITDA margins to edge lower associate performance to remain slightly weak but ordinary dividends to be higher. As margins came in slightly ahead of our assumptions, we revise up our core earnings estimates for FY11 by 6.8% and FY12F by 5.5%. But because of the slightly weaker market value of its associates, our SOTP-based fair value eases slightly from S$3.59 to S$3.57. Still, given that there is > 10% upside from here, we maintain our BUYrating.
//ospl/
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Summary: SingTel reported its 3Q11 results this morning, with revenue up 5.7% YoY and 6.0% QoQ to S$4703.6m, once again reflecting robust mobile performance in Singapore and Australia. However due to weaker associate performance (down 19.9% YoY and 10.5% QoQ), net profit rose by only 0.8% YoY (but still up 11.9% QoQ) to S$998.2m. Excluding exceptional items, underlying net profit fell 5.3% YoY (but grew 5.3% QoQ) to S$937.9m. For 9M11, revenue climbed 8.3% to S$13428.1m, meeting 76.3% of our FY11 forecast, while core net profit fell 4.2% to S$2771.9m, meeting 80.4% of our full-year estimate. Meanwhile, SingTel has maintained its FY11 guidance, where it expects overall revenue to grow but EBITDA margins to edge lower associate performance to remain slightly weak but ordinary dividends to be higher. As margins came in slightly ahead of our assumptions, we revise up our core earnings estimates for FY11 by 6.8% and FY12F by 5.5%. But because of the slightly weaker market value of its associates, our SOTP-based fair value eases slightly from S$3.59 to S$3.57. Still, given that there is > 10% upside from here, we maintain our BUYrating.
//ospl/
Singapore Telecom: BUY S$3.09 Bloomberg Code: ST SP
Cheers to Singapore Sling!
Price Target: S$ 3.55
by: Sachin MITTAL +65 6398 7950
Underlying net profit of S$968m beat consensus expectations of S$905m.
Strong Singapore earnings and sustained earnings at Optus were the key
reasons.
Proxy to Bharti’s growth with a cushion of ~6% sustainable yield and
capital management potential with 4Q11F results. Maintain BUY and TP.
Comment on Results
Underlying net profit of S$968m (up 8.7% qoq) beat consensus expectation of
S$905m mainly on the back of strong Singapore earnings of S$348m (up 18%
qoq) and sustained earnings at Optus (flat qoq). The result was in line
with our expectation though.
Higher roaming contribution and cost-controls were key highlights in
Singapore. Higher roaming contribution led to significant rise in postpaid
ARPU to S$92, up 4.1% qoq. At the same time, subscriber acquisition costs
declined 12% qoq to S$342, due to the optimization of handset subsidies for
various customer segments.
Markets were over-worried about Optus perhaps. Optus earnings at S$218m (up
1% qoq) benefited from strong Aussie dollar (up 5% qoq). In A$ terms,
earnings of A$169m were down 3.5% qoq due to the mobile EBITDA margins,
which declined by 100 basis points to 24%, as 3Q11 was the first full
quarter of iPhone4 availability. Testra aggression may have taken a toll on
VHA, grappling with network problems and cushioning Optus to some extent.
Associates results were weak as expected. Associate post-tax earnings
contribution of S$398m was down 5% qoq mainly due to the strong Singapore
dollar and weak regional currencies. Telkomsel’s earnings were flat qoq in
Rupiah terms.
Proxy to Bharti at 11.9x FY12F PER. Going forward, Bharti is likely to be
the key growth driver for SingTel with concrete signs of turnaround in
African operations and recovery in India . SingTel’s sustainable yield of
~6% and the potential for capital management with 4Q11F results support our
call for indirect exposure to Bharti through SingTel.
/dbsvickers/
Singapore Telecommunications
3QFY11: Singapore resilient, but regional businesses faltered
Analyst: Jonathan Koh, CFA Tel: (65) 6590 6620
SingTel reported group net profit of S$998m (+0.8% yoy), exceeding our forecast of S$924m.
Benefitting from buoyant domestic consumption in Singapore . Revenue from Singapore 's telco business grew 7.1% yoy to S$1,250m driven by growth of 11.0% for its mobile business. SingTel added 41,000 post-paid subscribers. Post-paid ARPU increased 4.6% qoq to S$92 due to increase take-up of higher rate plans and higher roaming traffic. Revenue from Data & Internet business increase by a smaller 2.2% yoy. EBITDA margin for telco business rebounded from a dismal 37.2% in 2QFY11 to current 42.1%.
Mixed results from Optus. Optus reported a small 3.6% yoy increase in operating revenue to A$2,384m driven by growth of 6.9% for its Mobile business. It added 150,000 post-paid customers and post-paid subscriber base grew 14.3% yoy to 4.6m. Post-paid ARPU contracted from A$70 to A$69 due to influx of wireless broadband customers. Revenue from non-mobile businesses, Business Fixed and Consumer & SMB Fixed, however fell 4.0% and 2.9% yoy respectively. Net profit grew a marginal 2.2% yoy to A$169m.
Competition heating up around the region. Earnings contribution from regional mobile associates declined 12.8% yoy to S$488m. Operating profit from Telkomsel dropped 8.0% yoy to S$216m due to aggressive promotion by competitors. Telkomsel was compelled to respond by lowering tariffs and enhancing recharge loyalty programmes. Operating profit from Bharti South Asia decreased 3.3% yoy to S$214m as Indian Rupee weakened 3% against the Singapore Dollar. Bharti Africa made a small profit of S$7m but impact was negated by acquisition financing costs of S$22m.
SingTel benefitted from buoyant domestic consumption in Singapore but its regional businesses faltered. Emerging economies in this region also face risk of higher inflation and weaker currencies. Likely to maintain SELL recommendation.
UOB Kay Hian Research Pte Ltd
SingTel's mobile users rise to 383 mln at end-Dec
SINGAPORE, Feb 9 (Reuters) - Singapore Telecommunications
, Southeast Asia's largest phone company, released the
following mobile subscriber numbers on Wednesday:
SingTel's aggregate customer base (in millions)
Dec 31, 2010 Sep 30, 2010 Dec 31, 2009
SingTel 3.23 3.17 3.18
Optus 8.97 8.88 8.24
Total* 382.8 367.9 284.7
* SingTel's Indian associate Bharti completed the
acquisition of mobile operations in 15 African countries in June
this year.
(Reporting by Harry Suhartono)
Singapore Telecommunications (Z74.SG) is down 1.6% at $3.07 as investors tread carefully ahead of the company’s 3Q earnings announcement Thursday a 34% growth in group mobile subscriber base in 2010 to 383 million users is not helping the stock as the broad market sentiment remains weak with the STI trading down 1.2%.
SingTel’s earnings are likely to be dragged by lower contribution from associates. A Dow Jones poll of five analysts tips SingTel’s 3Q net profit likely fell 8.7% to $905 million.
“We don’t expect too many surprises in the upcoming result - its FY11F guidance will likely be reaffirmed again, and no announcement is expected on capital management either,” Nomura says.
/theedge/
At least can sleep sound sound at night.....
iPunter ( Date: 09-Feb-2011 16:27) Posted:
Good stocks... 
des_khor ( Date: 29-Jan-2011 20:14) Posted:
| No la.... I bought this for long term to collect dividend.... I also holding DBS Pref 4.7% and OCBC Pref 5.1% for dividend as well.... |
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Good stocks...
des_khor ( Date: 29-Jan-2011 20:14) Posted:
No la.... I bought this for long term to collect dividend.... I also holding DBS Pref 4.7% and OCBC Pref 5.1% for dividend as well.....
niuyear ( Date: 28-Jan-2011 17:17) Posted:
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