| Latest Forum Topics / SingTel Last:4.21 -- |
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Singtel Bullish???
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TikTalk
Supreme |
31-May-2022 21:13
Yells: "Anyone miss me?" |
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I am waiting, haha.
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Entropy72
Master |
31-May-2022 21:09
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Anyway, we are not concerned over short term weakness. If it falls more, then it is opportunity to buy cheap. | ||
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Entropy72
Master |
31-May-2022 21:07
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It is reasonable to expect that Singtel's investments that suck up cash now must generate sustainable increase in returns over the mid term (3-5 years). This will lead to growth in sustainable dividends and hence share price. Otherwise, it is a failed investment such as those made by previous CEO Chua (HOOQ, Amobee, Trustwave ...) and shareholders should knock the board's head.
The difference now is that Singtel is investing in areas that it has familiarity with, and not some hyped up ventures for which it is merely putting money in and praying for good outcome.
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Shadow777
Member |
31-May-2022 20:59
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When you invest in something, you expect your investment to bear fruit and have as many dividends as possible. The way they are doing is taking their shareholders and people who trusted them for granted. Nobody will want to invest in when you give back peanuts after people put so much money into u. This is human nature. I invest $5 I at least hope to get by $10 dollars by the end. If I Invested $5 and end up only getting back $5.20 at the end...might as well give the money to my family. What's the point of investing in something that won't grow ? | ||
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Entropy72
Master |
31-May-2022 20:37
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If a company has no growth plans, then it won't need to hold so much cash and can return excess cash to shareholders via special dividends. Once given, it is gone and share price will slide XD.
For Singtel, there are many growth plans in place that need cash to avoid increasing leverage (especially when interest rates are high). Hence, it wants to give sustainable dividends instead of once off special dividends.
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TikTalk
Supreme |
31-May-2022 20:28
Yells: "Anyone miss me?" |
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Ai Zai...
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Shadow777
Member |
31-May-2022 19:12
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Can only hope it don't keep dropping and dropping. It don't bodes well for Singtel or investors | ||
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stonkmaster
Veteran |
31-May-2022 19:09
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Usually this isn?t the truth if company is solid. Most probably magic hands pushing down price to scare retailers to sell. Once sold they will back cheap and push up price again.
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Shadow777
Member |
31-May-2022 19:04
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Seriously we can't base somethings on sentimental. 30 cents drop in quick time and doesnt look like going up anytime soon. Common sense will tell you its time to throw and run before you lose everything. | ||
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Glooper83
Senior |
31-May-2022 18:20
Yells: "Always focus on Fundamentals!" |
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Yes looks like it. Same thing happened with other STI stocks like DBS which had a record number of shares transacted. It also happened on 30 Nov 2021. So i would'nt read too much into it as fundamentals still remain strong.
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Shadow777
Member |
31-May-2022 18:01
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The $3 or $4 dream looks as far as ever. I think a lot of us are over enthusiastic and held too much believe in it. Now we have to hope it will go up to 2.80 again someday...and as when is that day I don't think anyone here will dare to say anymore. | ||
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luke2021
Senior |
31-May-2022 17:20
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GG. Month end close positions.. Relax.. Jun & July we shall see. | ||
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FATABA
Supreme |
31-May-2022 16:48
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Hope it wld not continue it drop in June . Dyodd
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Entropy72
Master |
31-May-2022 09:39
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Analysts from four brokerages have maintained their &ldquo buy&rdquo or &ldquo accumulate&rdquo calls on Singtel, although they differ in their target prices. PhillipCapital and RHB Group Research have raised their target prices on the stock to $3.05 and $3.55 respectively, from their previous figures of $2.86 and $3.37 On the other hand, UOB Kay Hian has maintained its target price at $2.90, while Citibank has trimmed its target price from $3.44 to $3.22. For those who raised their target prices, PhillipCapital&rsquo s head of research Paul Chew said Singtel' s FY2022 revenue met his expectations at 101% of estimates, although the telco&rsquo s EBITDA was at 93% of estimates due to lower-than-expected NBN migration earnings. He also pointed to improving earnings in Australia, with mobile service revenue rising 4% y-o-y to A$1.84billion ($1.8 billion), supported by average revenue per user (ARPU) and subscriber growth. In addition, Optus mobile plans are gaining traction with customers for their more differentiated offering in terms of 5G speed, on-demand product features and improvement in customer service levels. However, he does highlight that despite this, total consumer revenue in Australia declined due to a drop in NBN migration revenue (down 83% y-o-y) and slower equipment sales (down 25% y-o-y). Elsewhere, Chew notes a &ldquo huge reversal&rdquo in Bharti earnings, driven by a 23% rise in ARPU and a 12% increase in 4G subscribers in India. Airtel Africa also delivered a 24% improvement in EBITDA through subscribers and ARPU growth. RHB notes the FY2022 core earnings rebounded after four consecutive years of decline. The recovery thesis remains intact with the reopened borders fueling a rebound in roaming and mobile revenues.
&ldquo Singtel remains our preferred Singapore telco pick, with an FY2022-2024 compounded annual growth rate (CAGR) forecast of 22% with the capital recycling and strategic business reset as catalysts.&rdquo The team believes that investors should &ldquo look beyond the earnings miss.&rdquo Saying that despite Singtel&rsquo s results coming in at 93% of its forecast, mobile revenue has turned the corner. Singapore mobile revenue was up 4.4% y-o-y, the third consecutive quarter of increase and 0.5% higher vs 1HFY2022. &ldquo We see a stronger recovery in the June quarter (1QFY2023) from stronger roaming and prepaid sales as travel restrictions ease with the full opening of the Malaysia-Singapore borders from April 1.&rdquo UOB Kay Hian&rsquo s Chong Lee Len and Chloe Tan says Singtel is expected to fare well in FY2023 with momentum in Optus consumers, higher prepaid and roaming with border reopening.
This is in addition to NCS&rsquo s double-digit growth trajectory and smart capital recycling, with $3 billion of potential asset monetisation identified in the near term. The analysts also call the dividend that Singtel paid out &ldquo sustainable&rdquo , with the 4.8 cents per share final dividend bringing the total distribution per share for FY2022 to 9.3 cents per share. This represents 80% of core earnings payout and translates to a net dividend yield of 3.4%. Singtel&rsquo s management reiterated its mandate to pay between 60-80% of core net profit for FY23. However, there will be inflationary pressure, the analysts say, but Singtel remains cognisant of higher opex and will look towards cost discipline. In particular, energy rates are hedged and data centre utility cost is being passed through. In addition, there is an ongoing workforce optimisation and the group is locking in network maintenance contracts. In contrast, Citi&rsquo s Arthur Pineda and Luis Hilado, who cut their target prices explained that there was &ldquo no denying the soft FY2022 close&rdquo , and called the results &ldquo admittedly weak&rdquo . They say that Singtel&rsquo s 2HFY2022 faced across-the-board softness with mobility and travel restrictions in place across the region following the unexpected Omicron wave. Regional associates had seen material pressure in FY2021-2022 with reduced pre-paid consumer spending owing to lockdowns. contributing to FY2022' s earnings miss. The anticipated roaming and enterprise recovery. which had been relevant for Singapore & Australia was also delayed given the travel restrictions/conditions. However, they do see &ldquo light at the end of the tunnel,&rdquo as Singtel&rsquo s key markets have seen the benefit of local and international re-openings as they adopt endemic strategies and accept the limited risks from Omicron. Pineda and Hilado say that associates in India and Indonesia are seeing material industry price uplifts. In addition, both the Singapore segment and Optus indicated that while roaming contributions were soft, they have seen significant upticks in April, with usage returning to about 30% of pre-Covid levels from 1QFY2023. Moreover, they note that the Malaysia border re-opening exercise will also drive pre-paid take-up, with over 200,000 foreign workers yet to return. Singtel&rsquo s growth investments and capital activities to be visible into FY2023-2024, with NCS contributions forecasted to improve by $0.3 billion into FY2023 on its recent acquisitions alone. Its data centre contributions will pick up with additional capacities locked in Singapore and regional JVs now established in Thailand and Indonesia, and Singtel says it expects to take in JV partners and about $3 billion in capital recycling opportunities to fund these. |
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Entropy72
Master |
31-May-2022 09:36
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Singtel, on May 30, announced that it has been appointed by Micron Technology to deploy its 5G millimetre wave (mmWave) solutions at the semicon manufacturer&rsquo s largest facility. The 5G mmWave solutions will be deployed at Micron&rsquo s 3D NAND flash memory fabrication plant in Singapore. The 5G deployment is a first in Singapore as well as for the semiconductor manufacturing sector. According to the telco, the customised solutions will be deployed at Micron&rsquo s cleanroom to support the development of a variety of digitally enabled and enhanced applications &ndash from automated visual inspections of individual chips to augmented reality (AR) for operations and maintenance. &ldquo This industry-first deployment proves that 5G networks can be used for high-precision quality control and manufacturing operations which previously was not possible with the limitations of Wi-Fi. Additionally, the implementation is a significant milestone in Singtel&rsquo s journey to accelerate enterprise 5G adoption and will serve as a case study to inspire other 5G-enabled manufacturing sites around the world,&rdquo says Bill Chang, CEO, Group Enterprise, Singtel. |
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Shadow777
Member |
31-May-2022 09:20
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Singtel remains the only counter dropping despite many good news recently. It's weird, either some don't buy it or some never really read the news at all | ||
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kopitrader812
Member |
31-May-2022 09:18
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Thanks for sharing
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Shadow777
Member |
31-May-2022 09:13
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It's a possibility might drop till 2.4. Tho it's good for people who wants to pump more but it will definitely detract some investors if it keeps going down as they will think it's not growing despite so many deals with overseas including increase in net profits and digital bankings starting. | ||
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kopitrader812
Member |
30-May-2022 21:31
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Can share your charts for reference on potential entry price?
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Entropy72
Master |
30-May-2022 20:45
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Another 1160 lots buyback between $2.64 and $2.68 today. | ||
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