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SINGAPORE (THE BUSINESS TIMES) - Singtel has posted a 25.7 per cent drop in net profit to $574.4 million for its fourth
quarter ended March 31, 2020, from $773 million a year ago.

This came as the telco took a net exceptional charge of $302 million for the quarter, mainly arising from Bharti Airtel' s provision
for a one-time spectrum charge, the company said on Thursday (May 28).

Earnings per share stood at 3.52 cents for the quarter, down from 4.74 cents for the preceding year.

Operating revenue for Q4 fell 10.2 per cent to $3.90 billion, from $4.34 billion a year earlier. This was due to lower mobile service
and equipment sales revenues across Singapore and Australia.

Singtel' s board has proposed a final ordinary dividend of 5.45 cents per share, almost half the 10.7 cents per share a year ago.
This will bring the total dividend per share for the year to 12.25 cents, from 17.5 cents a year earlier.

" This reduction in dividend payout is prudent to conserve financial headroom to cope with uncertainties in the current Covid-19
operating environment and the capacity to invest in 5G," Singtel said. Once approved by shareholders at an upcoming annual
general meeting, the dividend will be paid on Aug 18, after books closure on Aug 6.

For the full year ended March 31, net profit was down 65.3 per cent to $1.07 billion, while revenue slipped 4.8 per cent to $16.54
billion, aggravated by the onset of Covid-19.

Singtel' s full-year profit slumped to its lowest since 1993, according to Bloomberg data. In November last year, the telco had posted
an unprecedented quarterly loss of $668 million for the three months to Sept 30.

Singtel group chief executive Chua Sock Koong said: " This has been a challenging year, given structural shifts in the industry, already
soft economic conditions, adverse regulatory outcomes in India and the onset of Covid-19 in the fourth quarter."

" Travel and movement restrictions have led to significant reductions in roaming and prepaid revenues, and slowing economic growth
has impacted business spend. Despite these challenges, we remained resilient and gained market share in mobile and fixed services
in Singapore."

She added that it will be " some months" before the full impact of Covid-19 on the group' s business can be ascertained, but said the
lockdown has accelerated the take-up of its digital services by both consumers and enterprises.

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@ FATABA

Quite agreed with yr views below, however I' m quite puzzled as to what you post today!

17-Apr-2020 11:19 SingTel / Singtel Bullish???

I view this negatively for Singtel in the next 6 mths of more

5G is a hugh investment w no returns expected within 2 yrs of operation ( breakeven if good)

Digital banking is given n Singtel is expected to win ( so price in ) BUT BUT will it be profitable agaisnt the 3 banks which alrdy ahead ?

India operation lost ?? will it be contain or more lost

Similar for its Aus n Thailand business ??

DYODD

01-Apr-2020 16:01 SingTel / Singtel Bullish???

Let see how long it can hold here 2.49. W europe all red n Dow future v red ....what wld happen tmr ?

There is no bright spark here esp TPG lauching price attack package at this time .

Dyodd

FATABA ( Date: 31-Mar-2020 16:05) Posted:

Wld this 2.49 support b broken ....then it will revisit the 2.40 .....?

FATABA ( Date: 26-Mar-2020 13:57) Posted:

Certainly dont justify the rise now ....w India n Aus shut down ...I wonder how this can b good for the next 2 qtr of results .

Dyodd

06-Mar-2020 13:28 SingTel / Singtel Bullish???

Hit 2.94 today ....... noted. Your painting work on the banks is good , I visited yr forum lol

Anyway Sinktel fundamental is a concern now .....digital licence will keep them bz w NO profit coming in for at least one year.

(in fact expected increase cost in IT )

India side ...will the bleeding stop ?

5G ...investment is going to b very high .....returns in 2 yrs time wld be lucky .

dividend shld b cut ....jus how much left .

Dont see any real catalyst or restructuring plans from them

Dyodd

FATABA ( Date: 28-May-2020 15:09) Posted:

All crisis will blow over someday. U DYODD
In a few years, Singtel is still one of the best telcom in this region , if not the best in Asean .
Is it worth for you to hold on ....3+ n even 4 is very possible
DYodd .

yehyeh ( Date: 28-May-2020 15:03) Posted:

I have quite a lot around 3.30....
really can' t be loyal and faithful to a share....

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Moody' s and Fitch lowered their outlook on Singtel from " stable" to " negative" in March, while S& P' s did so in July 2019.
What else can they give? Lol

patient168 ( Date: 28-May-2020 13:25) Posted:

The poor results may trigger S& P, Moody' s or Fitch to downgrade their credit rating. This is most worry.

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Yes you are right,
Cash and cash equivalents $999.6M (31/3/2019 : $512.7M) +$ 486.9M
but don' t ignore Current liabilities and borrowings:
(4) Current liabilities $10,578.5 (31/3/19 : 8,794.4) + $1,784.1M
Borrowings (unsecured) $ 3,588.2 (31/3/19 : $1,846.2) + $1,742M
Borrowings (secured) $382.3 (31/3/19 : $34.0) + $348.3M

tangoanna ( Date: 28-May-2020 12:41) Posted:

Look at the statement of cash flow.

999m now vs 500m last year.

Sin_Cos_Tan ( Date: 28-May-2020 12:30) Posted:

Saw someone mentioned in this forum that Singtel improved in their cash position....
cannot locate the post now?
Anyway, just share the below

Look at below Balance Sheet figures :
Just to highlight 1 or 2,
Total assets incl. Cash increased only $40.1M (1) as compared to increase in Total liabilities of $3,035.8M (2)
As at 31 March 2020. (S$Mil )
(1) Total assets incl. Cash $48,954.9 (31/3/19 : 48,914.8) + $40.1M
(2) Total liabilities $22,140.9 (31/3/19 : 19,105.1) + $3,035.8M
(3) Current Assets incl. Cash $7,175.8 (31/3/19 : 7,078.1) + $97.7M
(4) Current liabilities $10,578.5 (31/3/19 : 8,794.4) + $1,784.1M
Borrowings (unsecured) $ 3,588.2 (31/3/19 : $1,846.2) + $1,742M
Borrowings (secured) $382.3 (31/3/19 : $34.0) + $348.3M

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Saw someone mentioned in this forum that Singtel improved in their cash position....
cannot locate the post now?
Anyway, just share the below

Look at below Balance Sheet figures :
Just to highlight 1 or 2,
Total assets incl. Cash increased only $40.1M (1) as compared to increase in Total liabilities of $3,035.8M (2)
As at 31 March 2020. (S$Mil )
(1) Total assets incl. Cash $48,954.9 (31/3/19 : 48,914.8) + $40.1M
(2) Total liabilities $22,140.9 (31/3/19 : 19,105.1) + $3,035.8M
(3) Current Assets incl. Cash $7,175.8 (31/3/19 : 7,078.1) + $97.7M
(4) Current liabilities $10,578.5 (31/3/19 : 8,794.4) + $1,784.1M
Borrowings (unsecured) $ 3,588.2 (31/3/19 : $1,846.2) + $1,742M
Borrowings (secured) $382.3 (31/3/19 : $34.0) + $348.3M

Sin_Cos_Tan ( Date: 28-May-2020 11:32) Posted:

No, the one time off exceptional charge of $303 million cannot explain (Note1) below!

1. Net Profit after Tax dropped from $3,071.1M to $1,052.2 (- $2,018.9M)
2. Earings per share dropped from 18.96¢ to 6.58¢ (- 12.38¢ )
3. Net asset value (NAV) per ordinary share dropped from $1.83 to $1.64
4. This Financial Report does not reflect the proposed final dividend payable of approximately S$890 million,
which will be accounted for in the Shareholders' Equity as an appropriation of ' Retained Earnings' in the next financial year ending 31 March 2021.
DYODD

FATABA ( Date: 28-May-2020 09:52) Posted:

Good point , in fact results is better then estimate.
The on going depends now on its row out of 5G, n the unknown " virus issue)
Dyod

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No, the one time off exceptional charge of $303 million cannot explain (Note1) below!

1. Net Profit after Tax dropped from $3,071.1M to $1,052.2 (- $2,018.9M)
2. Earings per share dropped from 18.96¢ to 6.58¢ (- 12.38¢ )
3. Net asset value (NAV) per ordinary share dropped from $1.83 to $1.64
4. This Financial Report does not reflect the proposed final dividend payable of approximately S$890 million,
which will be accounted for in the Shareholders' Equity as an appropriation of ' Retained Earnings' in the next financial year ending 31 March 2021.
DYODD

FATABA ( Date: 28-May-2020 09:52) Posted:

Good point , in fact results is better then estimate.
The on going depends now on its row out of 5G, n the unknown " virus issue)
Dyodd

WiseInvestor ( Date: 28-May-2020 09:41) Posted:

just due to one time off exceptional charge of $303 million from regulatory costs applied to India-based Airtel

Looking forward to better FY 2021,

I bought at $2.53 just now.

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As at 31 March 2020. (S$Mil )
Total assets 48,954.9 (31/3/19 : 48,914.8) + $40.1M
Total liabilities 22,140.9 (31/3/19 : 19,105.1) + $3,035.8M
Net assets 26,814.0 (31/3/2019 : 29,809.7) - $2,995.7M
Total equity 26,814.0 (31/3/2019 : 29,809.7) - $2,995.7M
Reserves 22,661.9 (31/3/2019 : 25,710.5) - $3,048.6M

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For the financial year ending 31 March 2020,
Singtel paid an interim dividend of 6.8 cents per share, and
proposed a final dividend of 5.45 cents (financial year ending 31 March 2019 : 10.7 cents, -49.07%)
Total for the financial year ending 31 March 2020 : 6.8 + 5.45 = 12.25 cents (As opposed to 17.5 cents as stated in the Dividend Policy)

Dividend Policy
Singtel is committed to delivering dividends that increase over time with growth in underlying earnings,
while maintaining an optimal capital structure and investment grade credit ratings.

Barring unforeseen circumstances, it expects to maintain its ordinary dividends at 17.5 cents per share for the financial year ending 31 March 2020.
http://www.singtel.com/about-Us/investor-relations/dividends

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Table 1: Key terms &ndash rights issue for new ordinary shares
Issue Price : SGD 3 per rights share
Rights Ratio : 3 rights shares for every 2 existing shares
Trading Name :SIA R

If I' m not wrong, if you buy 3 SIA R @ 0.445 = $1.335 now,
Last date and time for acceptance of and payment for rights shares : 28/5/20
2 SIA shares x$3 =$6
total cost you pay : $6+1.335=$ 7.335 for 2 SIA shares
each share : $7.335/2= $3.6675 which is 8.75c higher than the current SIA price ($3.58)

chipchip66 ( Date: 20-May-2020 12:16) Posted:

if i buy rights at $0.45 and exercise by paying $3, does it mean my cost px is $3.45?

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Bharti Airtel Limited Total comprehensive Loss for the yr ended 31/3/20 :
Rs 310,120 Mil = S$ 5,808 Mil

See today SGX announcement
http://links.sgx.com/1.0.0/corporate-announcements/OB0C9OPDFTQQJPOW/f9829e4d7ba35500fd03c76f3662ce5b30bcc4750d05877df77e0caa25a5cc23

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Singtel refers to Note 4 and Note 8 of the attached audited consolidated financial statements of Airtel for the quarter and financial year ended 31 March 2020.
Airtel has recognised an amount of Rs. 56.4 billion (S$1.1 billion) as an exceptional charge
on account of reassessment of regulatory cost based on a recent judgement on one time spectrum charge related matter.
Singtel will recognise its share of the above provision, amounting to S$357 million (S$ 232 million on post-tax basis) as an exceptional item ,
in its financial results for the quarter and financial year ended 31 March 2020, which is scheduled to be announced on 28 May 2020.
http://links.sgx.com/FileOpen/Release-20200519-final.ashx?App=Announcement& FileID=611433

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SIA
1. Historic loss
2. Rights issue
3. No dividend

Singtel ??
Anyone' s guess untill 28/5

FATABA ( Date: 12-May-2020 10:28) Posted:

Good input w proper data ....that make a forum interesting.
I personally dont thk coming result wld be good / is a matter of how bad. ( I am vested)
However, will they cut this full yr dividend or cld reduce it ( more possible) ...is everyone guess.
Certainly I hv mentioned several time.....5G investment n even the digital banking licence are all going to draw cash before any $$ can come in
Dyodd

Sin_Cos_Tan ( Date: 12-May-2020 09:53) Posted:

Full yr eneded 31/3/19
Earnings per share : 18.96c
Full yr dividend : 17.5c
(Interim : 6.8c Final : 10.7c) :

9 months ended 31/12/19
Earnings per share : 3.06¢
4Q Profit / Loss ???
Interim : 6.8c
Final : ????

1. India telco fines (S$17.6 billion) could cut competition for Singtel Bharti Airtel
http://www.businesstimes.com.sg/companies-markets/india-telco-fines-could-cut-competition-for-singtel-bharti-airtel
2. Singtel associate AIS ordered to pay $1.37 billion to Thai telco
https://www.straitstimes.com/business/companies-markets/singtel-associate-ais-ordered-to-pay-137-billion-to-thai-telco

Any update on the above and what will be the financial effects in Singtel' s book??
Singtel Dividend Policy:
Singtel is committed to delivering dividends that increase over time with growth in underlying earnings, (a)
while maintaining an optimal capital structure and investment grade credit ratings. (b)
(a) How much final dividend can be declared ? It will depend on the bottom line . Total dividend of 17.5c sustainable ???
(b)Moody' s and Fitch lowered their outlook on Singtel from " stable" to " negative" in March, while S& P' s did so in July 2019.

DYODD

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Ya see DBS...upcoming events date announced 1 year in advance
http://www.dbs.com/investors/events-calendar/default.page

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SGX or Singtel Investor calendar.

limcs84 ( Date: 14-May-2020 13:56) Posted:

Financial results presentation for the fourth quarter and financial year ended 31 March 2019 ： 15 May 2019

Where you got the news from?

Sin_Cos_Tan ( Date: 14-May-2020 09:17) Posted:

Financial results presentation for the fourth quarter and financial year ended 31 March 2019 ： 15 May 2019
Financial results presentation for the fourth quarter and financial year ended 31 March 2020 ：？？？？？

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Table 4: Timetable of key events for SIA' s rights issue
http://secure.fundsupermart.com/fsm/article/view/rcms208480/making-sense-of-the-singapore-airlines-rights-issue

commoner ( Date: 14-May-2020 11:48) Posted:

anyone knows when will the rights and mother shares be merged and start trading under one mother share?
anyone has the date? is it 28 May?

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Hour glass and calendar concept for time slipping away for important appointment date, schedule and deadline

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Financial results presentation for the fourth quarter and financial year ended 31 March 2019 ： 15 May 2019
Financial results presentation for the fourth quarter and financial year ended 31 March 2020 ：？？？？？

Sin_Cos_Tan ( Date: 12-May-2020 09:53) Posted:

Full yr eneded 31/3/19
Earnings per share : 18.96c
Full yr dividend : 17.5c
(Interim : 6.8c Final : 10.7c) :

9 months ended 31/12/19
Earnings per share : 3.06¢
4Q Profit / Loss ???
Interim : 6.8c
Final : ????

1. India telco fines (S$17.6 billion) could cut competition for Singtel Bharti Airtel
http://www.businesstimes.com.sg/companies-markets/india-telco-fines-could-cut-competition-for-singtel-bharti-airtel
2. Singtel associate AIS ordered to pay $1.37 billion to Thai telco
https://www.straitstimes.com/business/companies-markets/singtel-associate-ais-ordered-to-pay-137-billion-to-thai-telco

Any update on the above and what will be the financial effects in Singtel' s book??
Singtel Dividend Policy:
Singtel is committed to delivering dividends that increase over time with growth in underlying earnings, (a)
while maintaining an optimal capital structure and investment grade credit ratings. (b)
(a) How much final dividend can be declared ? It will depend on the bottom line . Total dividend of 17.5c sustainable ???
(b)Moody' s and Fitch lowered their outlook on Singtel from " stable" to " negative" in March, while S& P' s did so in July 2019.

DYODD

Sin_Cos_Tan ( Date: 11-May-2020 09:40) Posted:

An old Chinese saying - seven necessities to begin a day (Chinese: 開門七件事 ) have to be settled first b4 thinking of buying Singtel Shares.
Come on - be realistic lah.
Look at the B/S, dividends may have to be cut in the near team.

As at 31/12/19 (S$ Mil)

Current assets
Cash and cash equivalents 576.1
Trade and other receivables 5,975.2
Due from subsidiaries -
Inventories 317.9
Derivative financial instruments 198.4
Total Current Asets 7,067.6

Current liabilities
Trade and other payables 5,374.9
Due to subsidiaries -
Advance billings 771.5
Current tax liabilities 161.4
Borrowings (unsecured) 12 2,889.6
Borrowings (secured) 12 446.5
Derivative financial instruments 24.0
Net deferred gain 20.8
Dividend payable 1,110.4
Total Current liabilities 10,799.1 8

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If pay final dividend of 10.7c
No. of ordinary shares as at 31/12/19 : 16,348,365,000
Amt of dividend : S$ 1,749 Mil

Look at their Balance Sheet & Financial Position, 17.5c dividend sustable ? You answer to youself.
Someone in this forum said Singtel is cash loaded...maybe ...maybe 17.5c....maybe $3
DYODD

Sin_Cos_Tan ( Date: 12-May-2020 09:53) Posted:

Full yr eneded 31/3/19
Earnings per share : 18.96c
Full yr dividend : 17.5c
(Interim : 6.8c Final : 10.7c) :

9 months ended 31/12/19
Earnings per share : 3.06¢
4Q Profit / Loss ???
Interim : 6.8c
Final : ????

1. India telco fines (S$17.6 billion) could cut competition for Singtel Bharti Airtel
http://www.businesstimes.com.sg/companies-markets/india-telco-fines-could-cut-competition-for-singtel-bharti-airtel
2. Singtel associate AIS ordered to pay $1.37 billion to Thai telco
https://www.straitstimes.com/business/companies-markets/singtel-associate-ais-ordered-to-pay-137-billion-to-thai-telco

Any update on the above and what will be the financial effects in Singtel' s book??
Singtel Dividend Policy:
Singtel is committed to delivering dividends that increase over time with growth in underlying earnings, (a)
while maintaining an optimal capital structure and investment grade credit ratings. (b)
(a) How much final dividend can be declared ? It will depend on the bottom line . Total dividend of 17.5c sustainable ???
(b)Moody' s and Fitch lowered their outlook on Singtel from " stable" to " negative" in March, while S& P' s did so in July 2019.

DYODD

Sin_Cos_Tan ( Date: 11-May-2020 09:40) Posted:

An old Chinese saying - seven necessities to begin a day (Chinese: 開門七件事 ) have to be settled first b4 thinking of buying Singtel Shares.
Come on - be realistic lah.
Look at the B/S, dividends may have to be cut in the near team.

As at 31/12/19 (S$ Mil)

Current assets
Cash and cash equivalents 576.1
Trade and other receivables 5,975.2
Due from subsidiaries -
Inventories 317.9
Derivative financial instruments 198.4
Total Current Asets 7,067.6

Current liabilities
Trade and other payables 5,374.9
Due to subsidiaries -
Advance billings 771.5
Current tax liabilities 161.4
Borrowings (unsecured) 12 2,889.6
Borrowings (secured) 12 446.5
Derivative financial instruments 24.0
Net deferred gain 20.8
Dividend payable 1,110.4
Total Current liabilities 10,799.1 8

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Full yr eneded 31/3/19
Earnings per share : 18.96c
Full yr dividend : 17.5c
(Interim : 6.8c Final : 10.7c) :

9 months ended 31/12/19
Earnings per share : 3.06¢
4Q Profit / Loss ???
Interim : 6.8c
Final : ????

1. India telco fines (S$17.6 billion) could cut competition for Singtel Bharti Airtel
http://www.businesstimes.com.sg/companies-markets/india-telco-fines-could-cut-competition-for-singtel-bharti-airtel
2. Singtel associate AIS ordered to pay $1.37 billion to Thai telco
https://www.straitstimes.com/business/companies-markets/singtel-associate-ais-ordered-to-pay-137-billion-to-thai-telco

Any update on the above and what will be the financial effects in Singtel' s book??
Singtel Dividend Policy:
Singtel is committed to delivering dividends that increase over time with growth in underlying earnings, (a)
while maintaining an optimal capital structure and investment grade credit ratings. (b)
(a) How much final dividend can be declared ? It will depend on the bottom line . Total dividend of 17.5c sustainable ???
(b)Moody' s and Fitch lowered their outlook on Singtel from " stable" to " negative" in March, while S& P' s did so in July 2019.

DYODD

Sin_Cos_Tan ( Date: 11-May-2020 09:40) Posted:

An old Chinese saying - seven necessities to begin a day (Chinese: 開門七件事 ) have to be settled first b4 thinking of buying Singtel Shares.
Come on - be realistic lah.
Look at the B/S, dividends may have to be cut in the near team.

As at 31/12/19 (S$ Mil)

Current assets
Cash and cash equivalents 576.1
Trade and other receivables 5,975.2
Due from subsidiaries -
Inventories 317.9
Derivative financial instruments 198.4
Total Current Asets 7,067.6

Current liabilities
Trade and other payables 5,374.9
Due to subsidiaries -
Advance billings 771.5
Current tax liabilities 161.4
Borrowings (unsecured) 12 2,889.6
Borrowings (secured) 12 446.5
Derivative financial instruments 24.0
Net deferred gain 20.8
Dividend payable 1,110.4
Total Current liabilities 10,799.1 8

Hawkeye ( Date: 10-May-2020 21:36) Posted:

If there is a bank who will loan you monies at 2.6% per annum, will you loan it and buy Singtel Shares at this price

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An old Chinese saying - seven necessities to begin a day (Chinese: 開門七件事 ) have to be settled first b4 thinking of buying Singtel Shares.
Come on - be realistic lah.
Look at the B/S, dividends may have to be cut in the near team.

As at 31/12/19 (S$ Mil)

Current assets
Cash and cash equivalents 576.1
Trade and other receivables 5,975.2
Due from subsidiaries -
Inventories 317.9
Derivative financial instruments 198.4
Total Current Asets 7,067.6

Current liabilities
Trade and other payables 5,374.9
Due to subsidiaries -
Advance billings 771.5
Current tax liabilities 161.4
Borrowings (unsecured) 12 2,889.6
Borrowings (secured) 12 446.5
Derivative financial instruments 24.0
Net deferred gain 20.8
Dividend payable 1,110.4
Total Current liabilities 10,799.1 8

Hawkeye ( Date: 10-May-2020 21:36) Posted:

If there is a bank who will loan you monies at 2.6% per annum, will you loan it and buy Singtel Shares at this price?

Sin_Cos_Tan ( Date: 08-May-2020 17:59) Posted:

Wow Haha....If Singtel is cash loaded then
she didn' t have to seals S$4.17 billion of credit facilities with banks on 24/4/20
https://www.singtel.com/about-Us/news-releases/singtel-group-seals-s417-bilion-of-credit-facilities-with-banks