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COMFORT DELGRO - MOVING FORWARD Post Reply Rate topic
justicebaogaliao Veteran	15-Feb-2021 22:16        justicebaogaliao About Contact  Quote this Post!
x 0   x 0  Alert Admin	fully digitalised to make losses every quarter for 6 years LoL Conman      ( Date: 15-Feb-2021 20:44) Posted: Digitalisation will not save this company, which still boasts to hold more than 40,000 depreciating vehicles. Too late, competitors have come in fully digitalised since 6 years ago and have captured 80% of the market now. Starship      ( Date: 15-Feb-2021 20:29) Posted: Comfort reports 77 per cent drop in profit for FY20 as pandemic bites MON, FEB 15, 2021 - 6:36 PM Transport operator ComfortDelGro' s net profit for the year ended Dec 31, 2020 plunged nearly 77 per cent year-on-year to S$61.8 million as the pandemic brought activity to a halt. Revenue slumped around 17 per cent to S$3.22 billion as its operations across seven countries were hampered by lockdowns. Group operating costs eased 10.9 per cent to about S$3.1 billion in line with slower business, cost saving measures and government relief. Its operating performance was boosted by government relief packages, without which Comfort would have chalked up an operating loss of S$46.2 million instead of an operating profit of S$123.1 million. In comparison, its operating profit a year ago was S$415.8 million. Meanwhile, earnings per share worked out to 2.85 Singapore cents, down from 12.24 cents a year ago. Earlier in the year, the group recognised provisions for impairment on vehicles and goodwill of S$48.3 million, although none were taken in the fourth quarter. ComfortDelGro managing director, Yang Ban Seng, said: " We have seen a steady uptick in business activity especially in the last quarter, and we remain hopeful that gradual global recovery will continue. " We will double down on our digitalisation efforts and transformation to gear up our businesses to better prepare for and take advantage of recovery opportunities." A final dividend of 1.43 Singapore cents has been proposed there was no interim dividend. In 2019, Comfort paid out a final dividend of 5.29 cents, and total dividends of 9.79 cents. https://www.businesstimes.com.sg/companies-markets/comfort-reports-77-per-cent-drop-in-profit-for-fy20-as-pandemic-bites
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john_ric Supreme	15-Feb-2021 22:04        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tml comfort price should drop
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Conman Elite	15-Feb-2021 20:44        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Digitalisation will not save this company, which still boasts to hold more than 40,000 depreciating vehicles. Too late, competitors have come in fully digitalised since 6 years ago and have captured 80% of the market now. Starship      ( Date: 15-Feb-2021 20:29) Posted: Comfort reports 77 per cent drop in profit for FY20 as pandemic bites MON, FEB 15, 2021 - 6:36 PM Transport operator ComfortDelGro' s net profit for the year ended Dec 31, 2020 plunged nearly 77 per cent year-on-year to S$61.8 million as the pandemic brought activity to a halt. Revenue slumped around 17 per cent to S$3.22 billion as its operations across seven countries were hampered by lockdowns. Group operating costs eased 10.9 per cent to about S$3.1 billion in line with slower business, cost saving measures and government relief. Its operating performance was boosted by government relief packages, without which Comfort would have chalked up an operating loss of S$46.2 million instead of an operating profit of S$123.1 million. In comparison, its operating profit a year ago was S$415.8 million. Meanwhile, earnings per share worked out to 2.85 Singapore cents, down from 12.24 cents a year ago. Earlier in the year, the group recognised provisions for impairment on vehicles and goodwill of S$48.3 million, although none were taken in the fourth quarter. ComfortDelGro managing director, Yang Ban Seng, said: " We have seen a steady uptick in business activity especially in the last quarter, and we remain hopeful that gradual global recovery will continue. " We will double down on our digitalisation efforts and transformation to gear up our businesses to better prepare for and take advantage of recovery opportunities." A final dividend of 1.43 Singapore cents has been proposed there was no interim dividend. In 2019, Comfort paid out a final dividend of 5.29 cents, and total dividends of 9.79 cents. https://www.businesstimes.com.sg/companies-markets/comfort-reports-77-per-cent-drop-in-profit-for-fy20-as-pandemic-bites
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Starship Supreme	15-Feb-2021 20:32        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	justicebaogaliao      ( Date: 15-Feb-2021 18:45) Posted: Conman giving out dividends to those who sold this Conman      ( Date: 15-Feb-2021 17:02) Posted: This is alarming. Just be careful not to spend those 'dividends' at Geylang just in case the gov demands that these companies cough out the excess Covid Rescue Money to return back to the state treasury!
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justicebaogaliao Veteran	15-Feb-2021 20:30        justicebaogaliao About Contact  Quote this Post!
x 0   x 0  Alert Admin	i bet you don' t even know how to read a financial statement properly.. you should go attend a lesson or two then you can find out for yourself  Conman      ( Date: 15-Feb-2021 20:27) Posted: Where? Show me! Show me the details! Dont just talk cock! justicebaogaliao      ( Date: 15-Feb-2021 19:49) Posted: Lol do you know foreign govt also provide covid 19 relief funds to CDG
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Conman Elite	15-Feb-2021 20:30        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	So how much of tax money Singapore gov pay towards your dividends? justicebaogaliao      ( Date: 15-Feb-2021 20:27) Posted: If you even bother to read the financial report,  Lower Group Operating Costs included Page 16 of 23   significant Government reliefs for the Group in Singapore, UK, Australia and China totaling $169.3m to help companies to negate the adverse effects of COVID-19  pandemic and to protect jobs. justicebaogaliao      ( Date: 15-Feb-2021 19:49) Posted: Lol do you know foreign govt also provide covid 19 relief funds to CDG
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Starship Supreme	15-Feb-2021 20:29        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Comfort reports 77 per cent drop in profit for FY20 as pandemic bites MON, FEB 15, 2021 - 6:36 PM Transport operator ComfortDelGro' s net profit for the year ended Dec 31, 2020 plunged nearly 77 per cent year-on-year to S$61.8 million as the pandemic brought activity to a halt. Revenue slumped around 17 per cent to S$3.22 billion as its operations across seven countries were hampered by lockdowns. Group operating costs eased 10.9 per cent to about S$3.1 billion in line with slower business, cost saving measures and government relief. Its operating performance was boosted by government relief packages, without which Comfort would have chalked up an operating loss of S$46.2 million instead of an operating profit of S$123.1 million. In comparison, its operating profit a year ago was S$415.8 million. Meanwhile, earnings per share worked out to 2.85 Singapore cents, down from 12.24 cents a year ago. Earlier in the year, the group recognised provisions for impairment on vehicles and goodwill of S$48.3 million, although none were taken in the fourth quarter. ComfortDelGro managing director, Yang Ban Seng, said: " We have seen a steady uptick in business activity especially in the last quarter, and we remain hopeful that gradual global recovery will continue. " We will double down on our digitalisation efforts and transformation to gear up our businesses to better prepare for and take advantage of recovery opportunities." A final dividend of 1.43 Singapore cents has been proposed there was no interim dividend. In 2019, Comfort paid out a final dividend of 5.29 cents, and total dividends of 9.79 cents. https://www.businesstimes.com.sg/companies-markets/comfort-reports-77-per-cent-drop-in-profit-for-fy20-as-pandemic-bites
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Conman Elite	15-Feb-2021 20:27        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Where? Show me! Show me the details! Dont just talk cock! justicebaogaliao      ( Date: 15-Feb-2021 19:49) Posted: Lol do you know foreign govt also provide covid 19 relief funds to CDG? Conman      ( Date: 15-Feb-2021 19:25) Posted: Dont complain, loss of 46.2 million turned out to become profits of 123.1m because gov gave too much Covid Relief Money. Rightfully the 123.1m should be returned to the state treasury and not used as dividend payout. The losses were from 7 countries and our gov had to pay with our tax money for it to mend the losses, male a profit, and even to pay dividends. This is why I have always said Singapore's bus and train services should be operated by a non-listed, state-own company like SMRT so that our tax money is not drained away in overseas bus or taxi setvices or in the form of dividend payment
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justicebaogaliao Veteran	15-Feb-2021 19:49        justicebaogaliao About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lol do you know foreign govt also provide covid 19 relief funds to CDG? Conman      ( Date: 15-Feb-2021 19:25) Posted: Dont complain, loss of 46.2 million turned out to become profits of 123.1m because gov gave too much Covid Relief Money. Rightfully the 123.1m should be returned to the state treasury and not used as dividend payout. The losses were from 7 countries and our gov had to pay with our tax money for it to mend the losses, male a profit, and even to pay dividends. This is why I have always said Singapore's bus and train services should be operated by a non-listed, state-own company like SMRT so that our tax money is not drained away in overseas bus or taxi setvices or in the form of dividend payment. john_ric      ( Date: 15-Feb-2021 18:17) Posted: Poor results still give div of 1.43 cts per share. No interim. Div.
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Conman Elite	15-Feb-2021 19:25        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Dont complain, loss of 46.2 million turned out to become profits of 123.1m because gov gave too much Covid Relief Money. Rightfully the 123.1m should be returned to the state treasury and not used as dividend payout. The losses were from 7 countries and our gov had to pay with our tax money for it to mend the losses, male a profit, and even to pay dividends. This is why I have always said Singapore's bus and train services should be operated by a non-listed, state-own company like SMRT so that our tax money is not drained away in overseas bus or taxi setvices or in the form of dividend payment. john_ric      ( Date: 15-Feb-2021 18:17) Posted: Poor results still give div of 1.43 cts per share. No interim. Div.
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justicebaogaliao Veteran	15-Feb-2021 18:45        justicebaogaliao About Contact  Quote this Post!
x 0   x 0  Alert Admin	Conman giving out dividends to those who sold this Conman      ( Date: 15-Feb-2021 17:02) Posted: This is alarming. Just be careful not to spend those 'dividends' at Geylang just in case the gov demands that these companies cough out the excess Covid Rescue Money to return back to the state treasury!
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john_ric Supreme	15-Feb-2021 18:17        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	Poor results still give div of 1.43 cts per share. No interim. Div.
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Conman Elite	15-Feb-2021 17:02        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	This is alarming. Just be careful not to spend those 'dividends' at Geylang just in case the gov demands that these companies cough out the excess Covid Rescue Money to return back to the state treasury!
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Starship Supreme	15-Feb-2021 16:45        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Starship      ( Date: 15-Feb-2021 16:32) Posted: Increased profits and increased dividends due to Govt subsidies !!!!!!    Challenger' s blowout FY2020 earnings a cautionary tale about big fiscal initiatives The company' s stronger profitability, fuelled by Covid-19 subsidies, underscores why it' s time for a fiscal pullback MON, FEB 15, 2021 - 5:50 AM SHAREHOLDERS of Challenger Technologies are likely to have been pleasantly surprised by the consumer electronics retailer' s earnings report for FY2020, which was unveiled this past week. Revenue declined nearly 18 per cent to S$270.8 million, because of the absence of a trade show and lower sales as a result of the restrictions on movement imposed by the government during the year to counter the Covid-19 pandemic. Yet, Challenger reported blowout earnings of 6.73 cents per share - up 32 per cent versus the 5.11 cents per share it reported for FY2019. Profit before tax from continuing operations increased by almost S$5.6 million to more than S$26.8 million. What accounted for the company' s sharply increased profitability? In a nutshell, it was the result of the government' s efforts last year to shield businesses and their employees from the fallout of the pandemic. Challenger reported " sundry income" of nearly S$5.1 million for FY2020, which is some S$4.8 million more than S$0.2 million it reported for the previous year. The company said this was mainly attributable to " receipts of government grants" . In its half-year financial report, Challenger indicated that these grants related to the Job Support Scheme (JSS) as well as the Wage Credit Scheme. Challenger also reported a more than S$4.7 million decline in " premises expenses" to slightly more than S$12.9 million in FY2020. The company said this was mainly the result of " rental waivers and rebates" . Shareholders of Challenger are directly benefiting from the Covid-19 subsidy and support windfall from the government. The company has said it will hike its dividend to 2.7 cents per share for FY2020, up from the 1.5 cents per share it paid out for FY2019. In absolute terms, Challenger will be paying out over S$9.3 million in dividends with respect to FY2020. This is S$4.1 million more than the nearly S$5.2 million it paid with respect to FY2019. Shares in Challenger have jumped 12.5 per cent since the company reported its full-year numbers and announced the higher dividend. The stock closed Friday at 54 cents. Big government support Challenger' s strong FY2020 earnings report is a cautionary tale about the dangers of trying to shield every corner of the economy from the Covid-19 fallout. It also underscores why the enormous fiscal measures the government rushed to introduce last year should not continue for much longer - besides being unsustainable, these measures may well be excessively benefiting some segments of the corporate sector. Unlike most recessions, which tend to be preceded by a period of excessive consumption or over-investment, the economic slump last year was caused by curbs on movement and human interaction to prevent the spread of Covid-19. So, rather than trying to jumpstart demand, the government focused on subsidising business costs. The idea was to help companies keep their doors open and their workers employed, so that business could restart quickly once Covid-19 was under control. The Ministry of Finance said in a report last week that grants received by firms in 2020 topped S$27.4 billion, up from S$1.5 billion in 2019. The biggest driver of this increase was the JSS, where the government co-funds 25 per cent to 75 per cent of the first S$4,600 of each local employee' s gross monthly pay. From April to December 2020, a total of S$22.6 billion was disbursed under the JSS, the report said. Attempted privatisation Challenger deserved the help it received from the government as much as any other consumer electronics retailer. When the pandemic hit last year, it would have been unclear to the company as well as the government exactly how badly its revenues and earnings would be affected. Moreover, the company was already struggling in the face of disruption in the retailing sector. In 2019, the controlling Loo family and a private equity fund run by Dymon Asia Capital attempted to take Challenger private at 56 cents per share, stating that the company needed to make changes to its business that might affect its dividends. The offer was rebuffed by minority shareholders who understood the value of the company. Challenger is arguably one of the most successful homegrown retailing companies in Singapore, and it has an impressive track record of profitability. Despite the retailing sector facing technological disruption, the company is hardly in financial straits. While the company has been struggling to grow its revenue, its return on equity (ROE) averaged 19 per cent during the five years to FY2019. For FY2020, with the Covid-19 support measures, its ROE came in at nearly 21 per cent. The healthy ROEs are all the more impressive given the huge - and increasing - amount of cash on its books. At the end of FY2018, Challenger had a net cash position of S$63.2 million. This cash pile expanded to nearly S$77.9 million at the end of FY2019, and to almost S$85.8 million at the end of FY2020. Challenger' s net cash holdings are now equivalent to more than 46 per cent of its market capitalisation. Fiscal pullback With governments around the world gradually learning to manage Covid-19 infection rates, many investors appear to be positioning themselves to ride a strong recovery in economic activity in 2021. Against that backdrop, analysts are expecting the Singapore government to adjust its Covid-19 measures in the Budget this week, narrowing direct fiscal support to only the most hard-hit segments of the economy - such as tourism and travel. Some analysts also see the government augmenting the social safety net for Singaporeans struggling to find work, as well as reinforcing efforts to drive industry transformation and staking out promising new fields for future economic growth. UOB Global Economics & Markets Research estimates that Budget 2021 will see an overall deficit of S$12.5 billion (or 2.5 per cent of GDP), versus a deficit of S$74.2 billion (or 15.3 per cent of GDP) last year. What will this fiscal pullback mean for the local corporate sector? Logically, as life gets back to normal in 2021, corporate revenues should rebound. The big question is whether these revenues will rise sufficiently to offset the negative impact of the expiry of enormous subsidies like the JSS on corporate earnings. For Challenger, ironically, its earnings, even in the event of a very strong economic recovery ahead, might well not match what it achieved with the Covid-19 support measures last year. https://www.businesstimes.com.sg/companies-markets/challengers-blowout-fy2020-earnings-a-cautionary-tale-about-big-fiscal-initiatives john_ric      ( Date: 15-Feb-2021 15:19) Posted: ComfortD and sbs Transit: CGS-CIMB Research is maintaining its &ldquo add&rdquo call and target price of $3.60 on SBS Transit. This call is pegged to the company&rsquo s 5-year historical average price-to-earnings of 13.2x, explain analysts Ong Khang Chuen and Darren Ong say in a Feb 9 flash note. They believe it will give the counter a 21.6% upside from its $2.96 price on Feb 9. Their move follows the bus and rail operator&rsquo s 4QFY2020 results which came in &ldquo above expectations&rdquo . The company had reported a net profit of $27.1 million, up 65% y-o-y. This drove its FY2020 net profit to $79 million. Albeit down 2.9% y-o-y, it is &ldquo at 105% of our previous forecast due to better-than-expected cost control,&rdquo the Ongs say. Comfort Delgro SBS Transit&rsquo s parent company Comfort Delgro&rsquo s FY2020 results will be announced on Feb 15. The analysts, who have an &lsquo add&rsquo call on the counter at a target price of $1.70, are looking forward to an improvement in its earnings. They are expecting net profit to come in at $51 million, up 30% q-o-q but down 33% y-o-y.  However, they caution that the company&rsquo s dividends may be lowered since both its subsidies &ndash SBS Transit and VICOM have lowered their payout ratio.   SBS Transit&rsquo s dividend payout ratio was down to 25% from 50%, while that for VICOM was down to 90% from 120% previously.   Assuming a dividend payout ratio of 50% in FY2020 (compared to 80% in FY2019), they predict that the counter&rsquo s final dividend per share would come in at 1.6 cents, thereby giving it a dividend yield of 1.0%.
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Starship Supreme	15-Feb-2021 16:32        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Increased profits and increased dividends due to Govt subsidies !!!!!!    Challenger' s blowout FY2020 earnings a cautionary tale about big fiscal initiatives The company' s stronger profitability, fuelled by Covid-19 subsidies, underscores why it' s time for a fiscal pullback MON, FEB 15, 2021 - 5:50 AM SHAREHOLDERS of Challenger Technologies are likely to have been pleasantly surprised by the consumer electronics retailer' s earnings report for FY2020, which was unveiled this past week. Revenue declined nearly 18 per cent to S$270.8 million, because of the absence of a trade show and lower sales as a result of the restrictions on movement imposed by the government during the year to counter the Covid-19 pandemic. Yet, Challenger reported blowout earnings of 6.73 cents per share - up 32 per cent versus the 5.11 cents per share it reported for FY2019. Profit before tax from continuing operations increased by almost S$5.6 million to more than S$26.8 million. What accounted for the company' s sharply increased profitability? In a nutshell, it was the result of the government' s efforts last year to shield businesses and their employees from the fallout of the pandemic. Challenger reported " sundry income" of nearly S$5.1 million for FY2020, which is some S$4.8 million more than S$0.2 million it reported for the previous year. The company said this was mainly attributable to " receipts of government grants" . In its half-year financial report, Challenger indicated that these grants related to the Job Support Scheme (JSS) as well as the Wage Credit Scheme. Challenger also reported a more than S$4.7 million decline in " premises expenses" to slightly more than S$12.9 million in FY2020. The company said this was mainly the result of " rental waivers and rebates" . Shareholders of Challenger are directly benefiting from the Covid-19 subsidy and support windfall from the government. The company has said it will hike its dividend to 2.7 cents per share for FY2020, up from the 1.5 cents per share it paid out for FY2019. In absolute terms, Challenger will be paying out over S$9.3 million in dividends with respect to FY2020. This is S$4.1 million more than the nearly S$5.2 million it paid with respect to FY2019. Shares in Challenger have jumped 12.5 per cent since the company reported its full-year numbers and announced the higher dividend. The stock closed Friday at 54 cents. Big government support Challenger' s strong FY2020 earnings report is a cautionary tale about the dangers of trying to shield every corner of the economy from the Covid-19 fallout. It also underscores why the enormous fiscal measures the government rushed to introduce last year should not continue for much longer - besides being unsustainable, these measures may well be excessively benefiting some segments of the corporate sector. Unlike most recessions, which tend to be preceded by a period of excessive consumption or over-investment, the economic slump last year was caused by curbs on movement and human interaction to prevent the spread of Covid-19. So, rather than trying to jumpstart demand, the government focused on subsidising business costs. The idea was to help companies keep their doors open and their workers employed, so that business could restart quickly once Covid-19 was under control. The Ministry of Finance said in a report last week that grants received by firms in 2020 topped S$27.4 billion, up from S$1.5 billion in 2019. The biggest driver of this increase was the JSS, where the government co-funds 25 per cent to 75 per cent of the first S$4,600 of each local employee' s gross monthly pay. From April to December 2020, a total of S$22.6 billion was disbursed under the JSS, the report said. Attempted privatisation Challenger deserved the help it received from the government as much as any other consumer electronics retailer. When the pandemic hit last year, it would have been unclear to the company as well as the government exactly how badly its revenues and earnings would be affected. Moreover, the company was already struggling in the face of disruption in the retailing sector. In 2019, the controlling Loo family and a private equity fund run by Dymon Asia Capital attempted to take Challenger private at 56 cents per share, stating that the company needed to make changes to its business that might affect its dividends. The offer was rebuffed by minority shareholders who understood the value of the company. Challenger is arguably one of the most successful homegrown retailing companies in Singapore, and it has an impressive track record of profitability. Despite the retailing sector facing technological disruption, the company is hardly in financial straits. While the company has been struggling to grow its revenue, its return on equity (ROE) averaged 19 per cent during the five years to FY2019. For FY2020, with the Covid-19 support measures, its ROE came in at nearly 21 per cent. The healthy ROEs are all the more impressive given the huge - and increasing - amount of cash on its books. At the end of FY2018, Challenger had a net cash position of S$63.2 million. This cash pile expanded to nearly S$77.9 million at the end of FY2019, and to almost S$85.8 million at the end of FY2020. Challenger' s net cash holdings are now equivalent to more than 46 per cent of its market capitalisation. Fiscal pullback With governments around the world gradually learning to manage Covid-19 infection rates, many investors appear to be positioning themselves to ride a strong recovery in economic activity in 2021. Against that backdrop, analysts are expecting the Singapore government to adjust its Covid-19 measures in the Budget this week, narrowing direct fiscal support to only the most hard-hit segments of the economy - such as tourism and travel. Some analysts also see the government augmenting the social safety net for Singaporeans struggling to find work, as well as reinforcing efforts to drive industry transformation and staking out promising new fields for future economic growth. UOB Global Economics & Markets Research estimates that Budget 2021 will see an overall deficit of S$12.5 billion (or 2.5 per cent of GDP), versus a deficit of S$74.2 billion (or 15.3 per cent of GDP) last year. What will this fiscal pullback mean for the local corporate sector? Logically, as life gets back to normal in 2021, corporate revenues should rebound. The big question is whether these revenues will rise sufficiently to offset the negative impact of the expiry of enormous subsidies like the JSS on corporate earnings. For Challenger, ironically, its earnings, even in the event of a very strong economic recovery ahead, might well not match what it achieved with the Covid-19 support measures last year. https://www.businesstimes.com.sg/companies-markets/challengers-blowout-fy2020-earnings-a-cautionary-tale-about-big-fiscal-initiatives john_ric      ( Date: 15-Feb-2021 15:19) Posted: ComfortD and sbs Transit: CGS-CIMB Research is maintaining its &ldquo add&rdquo call and target price of $3.60 on SBS Transit. This call is pegged to the company&rsquo s 5-year historical average price-to-earnings of 13.2x, explain analysts Ong Khang Chuen and Darren Ong say in a Feb 9 flash note. They believe it will give the counter a 21.6% upside from its $2.96 price on Feb 9. Their move follows the bus and rail operator&rsquo s 4QFY2020 results which came in &ldquo above expectations&rdquo . The company had reported a net profit of $27.1 million, up 65% y-o-y. This drove its FY2020 net profit to $79 million. Albeit down 2.9% y-o-y, it is &ldquo at 105% of our previous forecast due to better-than-expected cost control,&rdquo the Ongs say. Comfort Delgro SBS Transit&rsquo s parent company Comfort Delgro&rsquo s FY2020 results will be announced on Feb 15. The analysts, who have an &lsquo add&rsquo call on the counter at a target price of $1.70, are looking forward to an improvement in its earnings. They are expecting net profit to come in at $51 million, up 30% q-o-q but down 33% y-o-y.  However, they caution that the company&rsquo s dividends may be lowered since both its subsidies &ndash SBS Transit and VICOM have lowered their payout ratio.   SBS Transit&rsquo s dividend payout ratio was down to 25% from 50%, while that for VICOM was down to 90% from 120% previously.   Assuming a dividend payout ratio of 50% in FY2020 (compared to 80% in FY2019), they predict that the counter&rsquo s final dividend per share would come in at 1.6 cents, thereby giving it a dividend yield of 1.0%.
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john_ric Supreme	15-Feb-2021 15:19        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	ComfortD and sbs Transit: CGS-CIMB Research is maintaining its &ldquo add&rdquo call and target price of $3.60 on SBS Transit. This call is pegged to the company&rsquo s 5-year historical average price-to-earnings of 13.2x, explain analysts Ong Khang Chuen and Darren Ong say in a Feb 9 flash note. They believe it will give the counter a 21.6% upside from its $2.96 price on Feb 9. Their move follows the bus and rail operator&rsquo s 4QFY2020 results which came in &ldquo above expectations&rdquo . The company had reported a net profit of $27.1 million, up 65% y-o-y. This drove its FY2020 net profit to $79 million. Albeit down 2.9% y-o-y, it is &ldquo at 105% of our previous forecast due to better-than-expected cost control,&rdquo the Ongs say. Comfort Delgro SBS Transit&rsquo s parent company Comfort Delgro&rsquo s FY2020 results will be announced on Feb 15. The analysts, who have an &lsquo add&rsquo call on the counter at a target price of $1.70, are looking forward to an improvement in its earnings. They are expecting net profit to come in at $51 million, up 30% q-o-q but down 33% y-o-y.  However, they caution that the company&rsquo s dividends may be lowered since both its subsidies &ndash SBS Transit and VICOM have lowered their payout ratio.   SBS Transit&rsquo s dividend payout ratio was down to 25% from 50%, while that for VICOM was down to 90% from 120% previously.   Assuming a dividend payout ratio of 50% in FY2020 (compared to 80% in FY2019), they predict that the counter&rsquo s final dividend per share would come in at 1.6 cents, thereby giving it a dividend yield of 1.0%.
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Starship Supreme	15-Feb-2021 10:02        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin
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Starship Supreme	15-Feb-2021 09:43        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	财 神 爷   coming to town  TOMORROW 3PM  on Channels 5, 8, U and channel News Asia !!!!!! BUDGET 2021 !!!!!!!
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Conman Elite	15-Feb-2021 09:28        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Comfort woman? 🤣 Anyway, because of and according to Turkey Bird Theory, many were caught high since November and cant wait to escape or take profits. john_ric      ( Date: 14-Feb-2021 13:21) Posted: tml 15feb after market this counter to announce results. dare not expect good things from this comfort woman, haha.
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Starship Supreme	14-Feb-2021 17:43        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	HKEX still closed for CNY tomorrow. I thought Mon is holiday to replace CNY that fell on Sat.  Starship      ( Date: 14-Feb-2021 17:35) Posted: Tomorrow is not a public holiday? john_ric      ( Date: 14-Feb-2021 13:21) Posted: tml 15feb after market this counter to announce results. dare not expect good things from this comfort woman, haha.
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