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Singapore Telecommunications: 2Q Net Profit Falls 5.6% On-Year
SINGAPORE--Singapore Telecommunications Ltd. (Z74.SG) Thursday reported a 5.6% on-year fall in its fiscal-second quarter net profit due mainly to absence of exceptional gains that the telecom company had in the year-ago period.
Net profit for the July-to-September quarter fell to 972 million Singapore dollars (US$695 million) from S$1.03 billion a year earlier. Group revenue fell 2.3% on-year to S$4.09 billion.
The company's Indian associate Airtel had reported exception gains in the year ago quarter. Absence of such gains weighed on quarterly profit, SingTel said in a stock exchange filing.
SingTel's Australian unit Optus Pte. reported a 20.3% on-year fall in net profit at 184 million Australian dollars, while operating revenue declined 8.7% to A$2.11 billion.
SingTel's share of earnings of its mobile associates in countries including India, Indonesia and Thailand rose by 7.4% on-year to S$679 million.
Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com
(END) Dow Jones Newswires
November 09, 2016 18:28 ET (23:28 GMT)
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When CD and XD?
johnng ( Date: 10-Nov-2016 06:47) Posted:
6.8cent dividend in-line...with expectations
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Not sure why you so positive...I am a bit terrified now....after 12pm it might drop till $1.4...not only this counter ...every counter will crash like hell except gold...
pyk036173 ( Date: 09-Nov-2016 09:51) Posted:
| Will happen, after 12pm,clearer result of US election |
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Why this counter so jialat these days? Cos till now I still can't get the iPhone 7plus...everyday no stocks. How can a telecom run business like this？ ？
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Good good...so no hurry to rush in...wait patiently ....
Sporeguy ( Date: 08-Nov-2016 12:21) Posted:
In today St Time, OCBC indicated that fair value for Singpost is $1.42 to $1.47.
Sporeguy ( Date: 07-Nov-2016 17:29) Posted:
Was comparing Singpost with M1:
M1 Singpost
Profit dropped 19.6% 27.9%
Dividend remained reduced by 0.5 c
Others 4th Telco Alibaba
Price dropped 2.27 to 2.04 expected to drop 1.65 to 1.41
(-14.5%) ( -14.5%)
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Can someone enlighten me when is the XD and CD date? Why my trading app shows CD today? So strange....
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Why Singpost this time CD so fast de ? Last Friday announce then today already giving out??
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Sorry for those vested, I hope this counter can drop to 1.2-1.3 asap in order for me to get onboard and collect dividends. So any shortlist targeting this one, please work harder yah...count on you all!!
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You got ask lee family opinion first?
whaler ( Date: 07-Nov-2016 12:22) Posted:
who knows maybe Alibaba will buy over SingPost next time
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Saw news said Hillary sure win like that so quite safe huh....
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Selling panic....drop 10cents immediately
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However I will hold the monies till 8Nov. If Trump wins then buy gold more safe....
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Or maybe I should put it this way, jack ma confidence to bring biz to Singpost?
zandlery ( Date: 06-Nov-2016 18:24) Posted:
Jack Ma look into Singpost not because it prospect....it because it will help his business.....
Buy because of Jack Ma could be a mistake....
Just saying.....
BetterStill ( Date: 05-Nov-2016 19:44) Posted:
| Any chance to $1.20? If jack ma has confidence on Singpost , I dun see any reasons not to follow. If can pick at $1.20 next week and collect dividends as well, quite a good deal isn't it |
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Any chance to $1.20? If jack ma has confidence on Singpost , I dun see any reasons not to follow. If can pick at $1.20 next week and collect dividends as well, quite a good deal isn't it?
mrwise ( Date: 05-Nov-2016 18:10) Posted:
Don't catch the falling knives for now. Next week will be very volatile and be careful that prices may fall more than anticipated.
Trade with caution...
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One mth ago how I wish I can pick this counter around $2.50...now $2.45 I also dare not take any ....see how it goes after US election bah...used to be a quite good counter de
bishan22 ( Date: 04-Nov-2016 13:47) Posted:
| Grab n uber killed this counter. |
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I am waiting to pick some at $1.40...help me achieve that yah....thanks everyone
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Tmr? However who cares about the result now...jack ma baba is the big boss ....
mrwise ( Date: 04-Nov-2016 18:50) Posted:
Poor results and dividend drop a lot!
Tomorrow price shall drop too!
Better run!
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SIA really fr bad to worse nowadays
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Any chance drag it below $1.5 after US election?
angmohlin ( Date: 03-Nov-2016 12:28) Posted:
SingPost should have a pullback to the region of 1.565 - 1.55 soon.
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Why said so? 4.26 still not much meat? Bro, you really huge stomach leh....
investshare ( Date: 31-Oct-2016 10:36) Posted:
Upside to TP 4.26 not much meat.
BetterStill ( Date: 31-Oct-2016 10:21) Posted:
Singtel yesterday announced a partnership with TIS Inc (TIS), a subsidiary of the Japanese systems integration company TIS Intec Group, to offer cyber security services in Japan to help businesses build cyber resilience and protect critical infrastructure.
As part of the partnership, Singtel?s subsidiary Trustwave, will establish in Tokyo a new Security Operation Centre (SOC) to provide TIS Managed Security Services, powered by Singtel?s subsidiary Trustwave. Trustwave?s new SOC will enhance its ability to offer TIS? customers round-the clock monitoring of their networks and rapid response to cyber-attacks.
We believe this partnership is positive for Singtel over the longer-term as it continues to diversify away from being just a telco towards providing cyber security services, which in our view, is a growing industry with the increasing digitalization of data around the world. We believe this partnership will also help Singtel establish its presence in the region as a cybersecurity service provider.
With Singtel expected to announce its 2QFY17 results during the second week of Nov 16, maintain HOLD on the stock, with an unchanged FV of S$4.26.
Source: OCBC Research - 27 Oct 2016 |
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