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BUY? HOLD? SELL?
humblepie ( Date: 07-Feb-2010 21:16) Posted:
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Take the latest quarter:
Net cash from operating activites: 139 mil
Capex: 56.4 mil
Div Paid this quarter 85 mil
That works out swee swee. bear in mind that the div coming will be 5 cents each at 85 mil x 4 which is around 340 mil.
On a full year operating cashflow of 692 mil and full year capex of 230 mil they will have 120 mil free cashflow to play with, but if revenue still gets underpinned by competition a more conservative level would be 18 cents dividend.
not trying to talk it down but just reasoning facts.
i for sure might not know it that well but the decisions by management might not always works out the best interest for the shareholders. looking at their latest report the operating cashflow is struggling to sustain an increasing capex and div payout.
the competition between the 3 telcos will ensure that unless NBN really works out, it will mean smaller operating cashflow funding an increasing capex and div payout.
are u take profit after tax only
temp123 ( Date: 07-Feb-2010 11:42) Posted:
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You know better than the management?
humblepie ( Date: 07-Feb-2010 08:54) Posted:
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Outlook should be better for 2010 onward from the Next-Generation Nationwide Broadband Network.
probably alot of people will be dissappointed but i believe 20 cent div is pushing it. cashflow can sustain a 17-18 div not a 5 cent a quarter div
market too tough to trade now....best is to take some profit off the table for Starhub....good luck :)
Other then the gearing and P/NAV, read on....
SingTel - DBS
Cheapest telco in Singapore• Trading at 11.6x PER, below 12.3x for MSCI Asia-Ex Japan telco services and cheaper than smaller peers StarHub and M1.
• Sharp recovery in Indonesia and stronger rupiah prompted 3%/6% upgrade of FY10F/11F earnings.
NCS is also making solid progress in Singapore.
• Upgrade to BUY with revised TP of S$3.50. Rumors of Optus re-listing, if true, could add 50 Scents to our TP.
Telkomsel should offset Bharti’s weakness. Telkomsel’s CEO Mr. Sarwoto Atmosutarno commented recently that Telkomsel’s subscriber base grew 26% y-o-y in 2009, and aims to grow that by another 14-15% in 2010. We raised our FY10F/11F (FYE March) earnings for Telkomsel by 12%/19%. We forecast SGD earnings growth of 30%/13% and 12%/-10% for Telkomsel and Bharti in FY10F/11F. Telkomsel earnings should offset potential S$85m drop to Bharti’s earnings contribution in FY11F, in our view.
Optus re-listing could add 50 Scents. The Wall Street Journal reported on 14 Jan that the sale of 25% stake in Optus is likely to raise A$4bn; SingTel declined to comment. If true, this could add 50 Scents to SingTel’s valuation. We estimate Optus’ market value at A$9b-11b, but SingTel might secure premium valuation for Optus, based on a higher dividend yield; similar to Maxis’ IPO. A much stronger AUD/SGD exchange rate of 1.25 is also favorable. In fact, SingTel could consider special dividends from Optus re-listing proceeds if it cannot find right acquisition targets, in our view.
Upgrade to BUY. SingTel is trading at 11.7x FY11F PER compared to StarHub’s 12.7x and M1’s 12.2x, despite a diversified business model and better growth prospects. Our earnings revision prompts higher SOTP valuation from Telkomsel (better outlook) and Optus (AUD/SGD) rate).
lesliesiaky ( Date: 02-Feb-2010 00:09) Posted:
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very bullish as seen from the dns chart; forming 4 tops @ 218 and today it hit 219
| 218 | Jan 28, 10 | 220/212 | ||||||
| 2.34 | + | |||||||||||||||||||||
| 2.32 | X | + | ||||||||||||||||||||
| 2.30 | X | O | X | + | ||||||||||||||||||
| 2.28 | X | O | X | O | X | + | ||||||||||||||||
| 2.26 | X | O | X | O | X | O | + | |||||||||||||||
| 2.24 | X | O | O | X | O | + | + | |||||||||||||||
| 2.22 | X | O | X | O | + | + | + | |||||||||||||||
| 2.20 | X | O | X | O | + | + | + | |||||||||||||||
| 2.18 | X | O | X | O | + | + | X | + | X | X | X | |||||||||||
| 2.16 | X | X | O | X | O | + | + | 1 | O | X | O | X | O | X | ||||||||
| 2.14 | X | O | X | O | X | O | + | + | X | O | X | O | X | O | X | |||||||
| 2.12 | O | X | O | X | O | + | X | O | O | O | X | |||||||||||
| 2.10 | + | O | O | + | O | + | X | + | O | + | ||||||||||||
| 2.08 | + | + | O | + | X | + | + | + | ||||||||||||||
| 2.06 | + | O | + | X | X | X | + | + | + | + | ||||||||||||
| 2.04 | + | O | + | X | O | X | O | X | + | + | + | |||||||||||
| 2.02 | + | O | X | + | X | O | X | O | X | + | + | + | ||||||||||
| 2.00 | + | O | X | O | X | O | + | O | X | + | + | + | ||||||||||
| 1.98 | + | O | X | O | X | + | O | X | + | + | ||||||||||||
| 1.96 | O | X | O | X | + | O | X | + | ||||||||||||||
| 1.94 | + | O | + | O | X | O | X | + | ||||||||||||||
| 1.92 | + | O | X | + | O | + | ||||||||||||||||
| 1.90 | + | O | X | + | + | |||||||||||||||||
| 1.88 | O | + | ||||||||||||||||||||
| 1.86 | + |
what valuation are your referring to, can share details ?
Farmer ( Date: 01-Feb-2010 16:10) Posted:
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true. my fly is within 20cts range. but gd enuf. i will cash out then buy back later.
This one and M1 cannot fly as its valuation is way above Singtel. Unless the latter fly first......but recently, telco have lots of negative news leh.
this date 4/02/2010 . is confident dividend announcement maintain at 5 cts. 4 quarters total at 20cts. so Grab it b4 it flys..
Looks like Starhub is moving sideway.
http://mystocksinvesting.com/singapore-stocks/starhub/starhub-%e2%80%93-trading-within-a-range/
Up with High Volume 
Yup, i agree.
Great Move today! this monday trade expected up again. prob 4-6cts gain. its telco time. buy! to me this is like a bank stock. every yr w/o fail give dividend. so look out guys! Greed is no harm as long u don contra.
telcos green green today 