Actually, I think Optus might turn out to be the real thorn for Stel than the 4th telco in the immediate term. Appears like they are ripping each other throats down under now ....
I believe it depends on your timeline. For next one month, I think it may well stay below $3.90. However for next 6month to 2 years time, I am cautiously optimistic.Singapore is going into Smart Nation. Singtel is the telco leader and will benefit the most from it. Sooner or later the market will recognize value of it.
Don't forget also Singtel need to IPO Netlink by 2Q18.
It's >4% dividend also make it feasible to hold and wait.
Can I interpret that the TP is around $4.1 then
I believe it depends on your timeline. For next one month, I think it may well stay below $3.90. However for next 6month to 2 years time, I am cautiously optimistic.
Singapore is going into Smart Nation. Singtel is the telco leader and will benefit the most from it. Sooner or later the market will recognize value of it.
Don't forget also Singtel need to IPO Netlink by 2Q18.
It's >4% dividend also make it feasible to hold and wait.
Can I interpret that the TP is around $4.1 then?
This is equivalent to Temasek increase stake at $4.16.On 18 August 2016, Singtel entered into conditional share purchase agreements with Temasek Holdings (Private) Limited (?Temasek?), its holding company, to acquire 21% of Intouch Holdings Public Company Limited (?Intouch?) and 7.39% of Bharti Telecom Limited (?BTL?) for approximately S$1,585 million and S$884 million respectively. The total consideration payable of approximately S$2.47 billion will be funded through internal cash, short-term debt and proceeds from a share placement of 385,581,351 new Singtel shares to Temasek totalling S$1,605 million at a price of S$4.16 per new share.
ya haha, next targets guess 3.65 - 3.50 upside 3.81 1st, 3.9-4.0.....lets market tell us.
Haha...maybe they got a lot on hands to let go ? ?
think ocbc like this coumter very much, still call for buy close 3.77 n targets 4.4.
think ocbc like this coumter very much, still call for buy close 3.77 n targets 4.4.
Can I interpret that the TP is around $4.1 then?
This is equivalent to Temasek increase stake at $4.16.On 18 August 2016, Singtel entered into conditional share purchase agreements with Temasek Holdings (Private) Limited (?Temasek?), its holding company, to acquire 21% of Intouch Holdings Public Company Limited (?Intouch?) and 7.39% of Bharti Telecom Limited (?BTL?) for approximately S$1,585 million and S$884 million respectively. The total consideration payable of approximately S$2.47 billion will be funded through internal cash, short-term debt and proceeds from a share placement of 385,581,351 new Singtel shares to Temasek totalling S$1,605 million at a price of S$4.16 per new share.
This is equivalent to Temasek increase stake at $4.16.
On 18 August 2016, Singtel entered into conditional share purchase agreements with Temasek Holdings (Private) Limited (?Temasek?), its holding company, to acquire 21% of Intouch Holdings Public Company Limited (?Intouch?) and 7.39% of Bharti Telecom Limited (?BTL?) for approximately S$1,585 million and S$884 million respectively. The total consideration payable of approximately S$2.47 billion will be funded through internal cash, short-term debt and proceeds from a share placement of 385,581,351 new Singtel shares to Temasek totalling S$1,605 million at a price of S$4.16 per new share.
SINGAPORE (Nov 11): RHB is maintaining its &ldquo neutral&rdquo call on Singtel with a target price of $4 as valuations are fair given the competitive pressure it faced in Australia coupled with its decent dividend yield.
Singtel is facing headwinds in Australia over pricing aggression, particularly from mobile virtual network operators.
However, the prepaid market in Australia is also heating up, with Telstra raising the stakes with a A$10 prepaid starter pack with 6GB data including 5GB bonus data, while Vodafone is giving out 3GB for every A$30 top-up.
This is exerting pressure on prepaid ARPU (average revenue per user) in a slowing market.
In a Friday report, RHB notes that the lower dependence on the Singapore domestic mobile market makes it less vulnerable to the threat of a new mobile entrant.
On the postpaid front, revenue would also be crimped by the service credits on its device repayment plan (DRP) &ndash launched in Feb 2015 &ndash until the impact permeates its postpaid base. ARPU pressure is expected in 2HFY17 with postpaid net-additions magnifying the DRP impact, notes RHB.
&ldquo Optus said it would align the increase to revenue trends, noting benefits from the exclusive English Premier League content,&rdquo says RHB, &ldquo Management said it is keen on the 700MHz spectrum which would be put up for auction in 2017.&rdquo
In Singapore, its mobile business outperformed its peers, with management saying its data upsize offer DataX3, which was launched in Sept, is value accretive , with more data subscribers opting for it. Also unlike the competition, Singtel has limited this offer to new and re-contracting customer. This has pushed up postpaid data usage to 2.8GB/subs/mth.
&ldquo The strong takeup of SIM-only plans during the quarter has nonetheless diluted postpaid ARPU, which fell 5.5% y-o-y to $69,&rdquo says RHB.
Meanwhile, the enterprise segment is also looking promising for Singtel, RHB notes. The telco is currently a major player in Singapore&rsquo s smart nation initiatives, which is in the implementation phase, while discussions are ongoing in Australia&rsquo s smart nation project.
The enterprise segment revenue grew 5% in 1HFY17, driven by cyber security (Trustwave), government infrastructure projects and on-boarding government agencies on the G-cloud platform, which more than mitigated the decline in legacy carriage revenue.
Shares of Singtel are trading 8 cents lower at $3.76.
5% div with possible upside~
Leave me no choice to hold after dividends....sad story....is this election delay effect ?
Exactly.. when they say buy, actually they are selling to you... when they say sell, they are buying from you. Thats how money is generated from left to right and right to left.
next time dun trust all the shit analysis...stuck my fund here...see today drop like shit
Date: 10/11/2016Source : OCBC
Stock : SingTel Price Target : 4.26 | Price Call : HOLD
Last Price : 3.84 | Upside/Downside : +0.42 (10.94%)Back
Singtel?s 2QFY17 revenue fell 2.3% YoY to S$4086m, impacted by the decline in mobile termination rates in Australia, higher mobile service credits from device repayment plans, but partly offset by higher equipment sales. 2QFY17 EBITDA was 4.4% lower at S$1233m due to investments in content and keen competition in Australia.
2QFY17 reported NPAT declined 5.6% YoY S$972m due to exceptional gains recorded by its associates in 2QFY16. Excluding exceptional items, core NPAT came in flat at S$978m.
For 1HFY17, revenue fell 4.8% YoY to S$7994.2m on similar reasons as 2QFY17. However, with an increase in associates post-tax underlying profit contributions of 15%, mainly from Telkomsel, core NPAT rose 3.4% YoY to S$1933m and met 48.8% of the street?s estimates.
Going forward, Singtel expects FY17 consolidated revenue to decline by low single digit while EBITDA to be stable. Capex is expected to remain at S$2.4b on cash basis and group free cashflow to be ~S$1.5b.
Pending more details from the analyst briefing later, and on recent share price weakness, we place both our Hold rating and S$4.26 FV under review for a possible upgrade.
Source: OCBC Research - 10 Nov 2016
next time dun trust all the shit analysis...stuck my fund here...see today drop like shit
Date: 10/11/2016Source : OCBC
Stock : SingTel Price Target : 4.26 | Price Call : HOLD
Last Price : 3.84 | Upside/Downside : +0.42 (10.94%)Back
Singtel?s 2QFY17 revenue fell 2.3% YoY to S$4086m, impacted by the decline in mobile termination rates in Australia, higher mobile service credits from device repayment plans, but partly offset by higher equipment sales. 2QFY17 EBITDA was 4.4% lower at S$1233m due to investments in content and keen competition in Australia.
2QFY17 reported NPAT declined 5.6% YoY S$972m due to exceptional gains recorded by its associates in 2QFY16. Excluding exceptional items, core NPAT came in flat at S$978m.
For 1HFY17, revenue fell 4.8% YoY to S$7994.2m on similar reasons as 2QFY17. However, with an increase in associates post-tax underlying profit contributions of 15%, mainly from Telkomsel, core NPAT rose 3.4% YoY to S$1933m and met 48.8% of the street?s estimates.
Going forward, Singtel expects FY17 consolidated revenue to decline by low single digit while EBITDA to be stable. Capex is expected to remain at S$2.4b on cash basis and group free cashflow to be ~S$1.5b.
Pending more details from the analyst briefing later, and on recent share price weakness, we place both our Hold rating and S$4.26 FV under review for a possible upgrade.
Source: OCBC Research - 10 Nov 2016
Fund selling...CSFB. UBS, Merlyn....opportunity or not?
better run first
Mass dumping....
