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here lah...taking tea break with my kopi $$ from Singtel !! entered $2.97 x 20 let go today at $3.03 !! damn...it cheong up further ! :P
ozone2002 ( Date: 14-Jan-2010 14:44) Posted:
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Seem like your decision to accumulate is correct. Good call!
ozone2002 ( Date: 14-Jan-2010 14:44) Posted:
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hit 3.06!!! :)
nicky where u go?
ozone2002 ( Date: 14-Jan-2010 11:18) Posted:
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this maybe why the surge.
=DJ SingTel Plans To Float Part Of Optus As Early As 1H-Sources (2010/01/14 11:23AM
By Costas Paris and P.R. Venkat
Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)--Singapore Telecommunications Ltd. (Z74.SG) wants to
sell around 25% of its Australian unit Optus through an initial public
offering in Australia that could raise about A$4 billion, people familiar
with the situation said Wednesday.
"Although there is no firm timing yet and no banks have been mandated, you
could see things rolling as early as the first half of this year," one of
those people told Dow Jones Newswires.
Another person said SingTel could use the proceeds to "create a cash
war-chest for acquisitions and expansion in markets outside Australia and
Singapore."
"Australia is a mature mobile market and SingTel doesn''t see much growth,"
he added.
SingTel, Southeast Asia''s largest telecommunications firm by revenue, took
control of Optus in 2001 through a bid valuing the Australian
telecommunications firm at A$17 billion.
The operator now values Optus at "more than A$14 billion" the second person
said, without elaborating.
Optus recorded a net profit of A$583 million for the year ended March 31.
At the end of June, Optus estimated it had a 29% share of Australia''s
mobile phone market, and it had 8.2 million mobile subscribers at the end
of September, having outpaced Telstra in new subscribers.
Though Optus is a cash cow for SingTel, some analysts have voiced concerns
about the unit''s margins. Its earnings before interest, tax, debt and
amortization margin fell to 23.0% in the second fiscal quarter ended Sep.
30 compared with 23.2% at the same time a year earlier and 27.8% in the
fourth quarter of the previous fiscal year ended March 31.
Analysts also said margin pressure could intensify further with Vodafone
Hutchison Australia - a mobile joint venture between Vodafone and Hutchison
Australia - set to challenge Optus for share in the Australian market
that''s led by Telstra Corp. Ltd (TLS).
An increasingly competitive environment for Bharti Airtel Ltd. (532454.BY),
SingTel''s largest bottom-line contributor among its six major foreign
mobile associates, may also give fresh impetus for SingTel to make another
acquisition in an emerging market to boost earnings growth.
SingTel has said it is evaluating investment opportunities in China and
people familiar with the situation have said in the past the company is
interested in taking a stake in Vietnam''s MobiFone. It had also looked at
investing in Ghana Telecom in 2007 but chose not to make a bid.
An analyst with a foreign brokerage who declined to be named said that
while an acquisition would be beneficial in theory, it would be difficult
to pull off given SingTel''s lack of familiarity with Africa as well as
regulatory hurdles in China and Vietnam.
CLSA analyst Ashwin Sanketh said an Optus listing is a possibility but
questions remain about how it might use proceeds.
"While I buy the idea of a war-chest I''m skeptical about the availability
of targets," Sanketh said.
"For SingTel to grow acquisitions, India and Indonesia are the markets."
The planned deal would also come at an uncertain time for the Australian
telecommunications industry as the government pushes ahead with plans to
build a new A$43 billion National Broadband Network.
Optus has said it is potentially willing to participate in the NBN, but
hasn''t said exactly how.
-By Costas Paris, Dow Jones Newswires and P.R. Venkat; 65 6415 4151;
costas.paris@dowjones.com
highest 3.04..2 c more to 3.06 :)
only Temasek shorting big time will plunge the price to 2.86 keke
3.01.. 5c more to 3.06 :)
ozone2002 ( Date: 14-Jan-2010 10:18) Posted:
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alex u are correct..
eventual what u are essentially holdin is paper..
I was hit badly in 2001 from the Sep 11 Attack. I learn a lot things from that day.
One of the things is not good to keep shares for long-term, whether it is blue chips or not.
Look at what happen to the long-term US investors in the recent financial crisis.
Most so call blue chips drop 90% from their pre-crisis price.
Citibank drop from US$57 to US$1.03
AIG drop from US$1,453 to US$7
Bank of America drop from US$54.85 to US$3.14
My strategy is simple, Buy Low and Sell High. When it is time to sell, you sell.
Do not keep a share because you like it or it is a blue chip.
AK_Francis ( Date: 13-Jan-2010 16:30) Posted:
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looks like 3.06 is more likely than 2.86 :)
ozone2002 ( Date: 13-Jan-2010 09:10) Posted:
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Ha ha, AK cleared my only left 1.36 lots of Singtel A share at CPF, last Sep at 3.18 liao. And went to CPF to withdraw out d money for holiday.
Previously, I used to keep blue chips, but kana hit badly in Black end 2007. Almost dumped all d holding portfolios. Restarted d engine beginning Apr 09. But then not much ops cap to touch Blue chips liao.
Anyway, be happy mah. Cheers.
Yes, like what u say this is a defensive stock, that's why so disappointing.
spot on! 306.....
ozone2002 ( Date: 13-Jan-2010 15:55) Posted:
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be greedy when others r fearful..
singtel defensive stock..
It all depends on where u r looking at...eg: dividends or debt/asset ratio.
Nope, im not vested in this counter, the green and orange telcos are better choce for investment in my opinion.
well..u will be in for more disappointment...or else share price wont b correcting so much in such short time span ! :P gd luck if u r vested !! :D
SingTel a bit disappointing since last few days.
Lets c it can sink to 2.91-2.92....waiting eagerly to collect.
it breaks below the 200day ma.
wow....2.96 !! looks like selling saga cont'd ?!?!?! :P 2.86 or 3.06 ?!??!?! :P