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Lendlease Global REIT
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Joelton
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23-Aug-2022 09:33
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Singtel readies US$300m sale of cyber security arm Trustwave, sources say
SINGAPORE Telecommunications is moving forward with a planned sale of its cyber security business Trustwave Holdings that could raise about US$200 million to US$300 million, people familiar with the matter said.
The Singapore operator has been speaking with financial advisers as it prepares for a potential divestment of the Chicago-based unit, the people said, asking not to be identified because the matter is private. Trustwave could attract interest from other firms in the industry and investment funds, according to the people.
Considerations are preliminary and Singtel could still decide to retain the asset, they said. A representative for Singtel declined to comment.
Singtel is streamlining its portfolio as it seeks to raise cash and focus on 5G operations as well as developing new growth engines including IT services and data centers.
The company announced in May 2021 it was taking a US$250 million non-cash impairment charge against its investment in Trustwave, and said had begun a strategic review of the business. Trustwave later divested SecureTrust, its payment card industry compliance business, for US$80 million, according to a press release last October. Singtel acquired Trustwave in 2015 for US$810 million.
The telecom company agreed to sell advertising platform Amobee in July to Tremor International for total consideration of US$239 million, according to a statement. It is also considering options including a potential stake sale in the fiber assets of its Australian subsidiary SingTel Optus, Bloomberg News has reported.
In October, Singtel sold a majority stake in a portfolio of Australian wireless tower assets to pension manager AustralianSuper for about A$1.9 billion (S$1.8 billion).
The valuations of both private and public tech assets slumped in recent months amid rising interest rates and fears over economic growth, prompting some investors to trim bets on digital companies. Shares in cyber security firm Crowdstrike Holdings have lost 22.5 per cent in the last 12 months, while NortonLifeLock is down 9.4 per cent in the same period. BLOOMBERG
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FATABA
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23-Aug-2022 08:18
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Singtel acquired Trustwave in 2015 for $810 million. Wow What strategy ......buy at 810m even including the 80m sale and charges take ....sell at 300m ( IF ) ....still have lost .....once in a blue moon investment This is REALLY time to change this whole management .....top heavy and have not grown Singtel share prices for yearsssss. ( when to see $3 ? ) By selling asset at a lost is their strategy ( how many more can this be done ? ) Dyodd
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eEconomist
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22-Aug-2022 21:39
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Singtel Readies $300 Million Sale of Cyber Security Arm Trustwave, Sources Say
August 22, 2022 at 6:49 PM GMT+8Updated onAugust 22, 2022 at 9:17 PM GMT+8
Share this articleSingapore Telecommunications Ltd. is moving forward with a planned sale of its cyber security business Trustwave Holdings Inc. that could raise about $200 million to $300 million, people familiar with the matter said. The Singapore operator has been speaking with financial advisers as it prepares for a potential divestment of the Chicago-based unit, the people said, asking not to be identified because the matter is private. Trustwave could attract interest from other firms in the industry and investment funds, according to the people. Considerations are preliminary and Singtel could still decide to retain the asset, they said. A representative for Singtel declined to comment. Singtel is streamlining its portfolio as it seeks to raise cash and focus on 5G operations as well as developing new growth engines including IT services and data centers. The company announced in May 2021 it was taking a $250 million non-cash impairment charge against its investment in Trustwave, and said had begun a strategic review of the business. Trustwave later divested SecureTrust, its payment card industry compliance business, for $80 million, according to a press release last October. Singtel acquired Trustwave in 2015 for $810 million. The telecom company agreed to sell advertising platform Amobee in July to Tremor International Ltd. for total consideration of $239 million, according to a statement. It is also considering options including a potential stake sale in the fiber assets of its Australian subsidiary SingTel Optus Pty, Bloomberg News has reported. In October, Singtel sold a majority stake in a portfolio of Australian wireless tower assets to pension manager AustralianSuper Pty for about A$1.9 billion ($1.3 billion). The valuations of both private and public tech assets slumped in recent months amid rising interest rates and fears over economic growth, prompting some investors to trim bets on digital companies. Shares in cyber security firm Crowdstrike Holdings Inc. have lost 22.5% in the last 12 months, while NortonLifeLock Inc. is down 9.4% in the same period. &mdash With assistance by Abhishek Vishnoi https://www.bloomberg.com/news/articles/2022-08-22/singtel-is-said-to-ready-300-million-sale-of-cyber-security-arm?utm_campaign=socialflow-organic& utm |
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Entropy72
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22-Aug-2022 08:57
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NCS, FPT Software launch Strategic Delivery Centre in Vietnam
Tue 2 Aug 2022 Shannon Williams NCS has announced the launch of a Strategic Delivery Centre (SDC) in Hanoi, Vietnam, in partnership with the country's leading IT firm, FPT Software, expanding its global delivery network and talent pool to better support the digital transformation demands of the region. The centre, to commence operations this month, will be focused on delivering high quality digital services for clients across the Asia Pacific. This is in line with NCS' three axes of growth transformation since being recast as the new growth engine for the Singtel Group - to widen its spectrum of digital capabilities and expand into more industries and Asia Pacific. Mr Ng Kuo Pin, chief executive officer at NCS, says, "Demand for digital transformation services continues to accelerate in this region. "Coupled with the strong pool of high calibre talent in Vietnam, our proven delivery methods and extensive reach, we can help our clients transform and run their operations more efficiently and at optimised costs," he says. "By enhancing our digital and workforce capabilities and forging strategic partnerships with recognised leaders like FPT Software, we aim to create a highly compelling end-to-end digital transformation value proposition for our clients." NCS' third delivery centre in the region, the SDC in Vietnam will employ a team of more than 3,000 by 2025 and complement existing delivery centres in Pune, India, and Chengdu, China. It will offer bespoke infrastructure services such as secure operating environments, client customised training, as well as access to an expanded pool of high calibre tech talent managed via NCS proprietary and proven Integrated Delivery Methods (IDM). This represents the first of NCS' growing interest and partnerships in Vietnam. Dr Truong Gia Binh, FPT Chairman, adds, "FPT has pledged to accompany our clients and communities to a better future and the partnership with NCS fortifies that commitment. As a complete IT solutions provider, we have been a trusted partner to companies and authorities in their digital transformation journey. "We look forward to working together with NCS to strengthen the business operations of clients and to help them realise their digital transformation goals at accelerated speed." Through this partnership, clients will be able to access FPT Software's talent pool and proven expertise that spans more than two decades. FPT Software, a subsidiary of FPT Corporation, has a global presence in 27 countries and a mix of onsite, nearshore and offshore delivery models, enabling great scalability, timely assistance and cost optimisation for clients and partners worldwide. According to IDC, the digital services market in APAC will grow at a CAGR of 16.9% over 2020-2025 to reach US$190.8 billion in 2025. |
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Entropy72
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18-Aug-2022 21:25
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The technicals are promising. 200 DMA is bottoming and startig to turn up. I am looking for 20DMA to cut above 200DMA first, followed by 50DMA to cut above 200DMA (Golden Cross). It may take a few weeks for above to develop, so it is not for the impatient traders who demand daily up movements. |
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investshare
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18-Aug-2022 16:34
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They use HUAWEI of course save money.
Singapore need to follow Big brother use Nokia or Ericsson of course pay for premium.
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112233
Master |
18-Aug-2022 14:11
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sell this tower, sell that tower, 5G, talk so much also no use. 😒 | ||||
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Newbornborn
Senior |
18-Aug-2022 14:00
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Hahaha , no power , hand brake .. | ||||
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112233
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18-Aug-2022 11:36
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last two days cheong for show only ? can' t even go past 2.75 tsk tsk 😢 . better to give special dividend to shareholders lah since stock price climb up like turtle. | ||||
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Entropy72
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17-Aug-2022 00:59
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Does the same 5G capex decline scenario apply to Singtel? If so, that would be good news.
----- HONG KONG ? China Telecom will pay its first-ever interim dividend as investments in 5G infrastructure near the peak and the country?s big three state-owned telecommunication giants shift toward greater shareholder rewards at Beijing?s urging. Ke Ruiwen, chairman of China Telecom, told reporters during an online briefing Tuesday that the board has decided to pay 0.12 yuan per share in interim dividends. The dividend payout ratio ? the percentage of net profit to be distributed to shareholders ? will reach 60%. The ratio was 40% in 2020. ?The company attaches extreme importance on returns to shareholders,? said Ke, who vowed to keep paying close attention to ?voices from the market.? China Telecom has pledged to gradually increase the payout ratio beyond 70% within three years of listing in the mainland A-share market, which took place in August 2021. Promising hefty cash returns to shareholders was part of China Telecom?s touting of its ?homecoming? listing in Shanghai, after it was delisted from the New York Stock Exchange for alleged links to China?s military. Despite various efforts, the Shanghai-listed shares have hovered far below the offering price of 4.53 yuan. On Tuesday, they closed at 3.75 yuan. All three listed state-owned telecom operators are moving toward higher dividend payments. China Mobile, the world?s largest carrier by subscribers, said Thursday that its board would increase the interim dividend by 34.9% on the year to 2.2 Hong Kong dollars a share. The carrier is in the midst of a three-year plan to boost the annual payout ratio to 70% in 2023 from around 50% previously. Chairman Yang Jie said during an online press briefing that the figure this year ?will be lifted further, to more than 60%.? Though Yang offered no clear figure for 2022, many analysts expect from his comment that more cash will be distributed in the years to come. Yu Haining of Changjiang Securities maintained his buy rating, saying ?the guidance to raise the dividend was once again made clear.? Gin Yu at Guotai Junan Securities, who has upgraded to buy, anticipates that the ?dividend payout may exceed market expectations in the future.? The board of China Unicom, the smallest of the three, recommended last week to lift the interim dividend by 37.5% to 0.165 yuan per share. The company last year paid its first interim dividend. Though management has disclosed no numerical targets on payout ratio, it is now 46%, up from 40% annually until 2020. A coming decline in 5G investment lets the carriers boost shareholder returns. Yang has repeatedly said over the past few years that the three years until 2022 were the ?peak period,? hinting that less money will be spent afterward while depreciation expenses would be lower, boosting earnings. Other pending investments driven by state policy likely will be smaller than building a fifth-generation telecom network in such a large country. ?We forecast Chinese telcos? capex will start falling in 2023,? said Edison Lee at Jefferies, reflecting a belief held by many analysts. The telecom industry is heavily regulated, and China is no exception. Limited competition usually gives carriers higher profit levels and cash holdings than other listed companies. China Telecom recorded double-digit growth in revenue and net profit during the first half of the year, reaching 242.31 billion yuan ($35.7 billion) and 18.29 billion yuan, respectively. China Mobile held 272.35 billion yuan in cash and cash equivalents at the end of June. But beyond their strong financial positions, the carriers also face pressure from the state ? their ultimate owner ? to pay larger dividends. All three are listed arms of companies among the fewer than 100 elite conglomerates directly controlled by China?s State-owned Assets Supervision and Administration Commission of the State Council, or SASAC. Also, this is the final year of a three-year reform campaign for state-owned enterprises, part of which involves raising efficiency by harnessing financial market mechanisms. A major aim for SASAC is to increase dividend payments to shareholders. SASAC published a statement in May on enhancing the value of listed arms at key state-owned companies, encouraging those that are capable to ?improve return to shareholders through cash dividends and various other methods.? Higher cash distributions will benefit a wide range of shareholders, but the biggest beneficiary will be the commission itself. |
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Jandec
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16-Aug-2022 17:32
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If price spirals up, it should be the beginning, by no means a repeat of the past. Because in the past, the CEOs squandered away Singtel resources. Here, we have a CEO and a team who are building and tightening all the screws for an uplift of the company. |
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hokpin
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16-Aug-2022 17:07
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Good news should be on the way soon!
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Entropy72
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16-Aug-2022 16:51
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Positive news should come from the quarterly update, but release is later than usual. The price movements today suggest release could be this week.
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luke2021
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16-Aug-2022 16:23
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Lai Liao lai liao | ||||
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Potato
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16-Aug-2022 16:21
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Good afternoon~~ wah... what happen today... morning like dead fish but afternoon took little blue pills is it? | ||||
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Zerocool888
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16-Aug-2022 15:20
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Well, it seems to be heading north slowly but surely. To reach $3, most probably by year end but if there are some additional positive news, might just reach sooner than expected!
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Entropy72
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15-Aug-2022 17:21
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Quarterly update overdue. Need solid progress to break out of resistance toward $3. | ||||
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PhillipTan
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15-Aug-2022 14:19
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Yeah, ROU is the new leasing standard mandatory as at 1st Jan 2019 Old news already lol Last time is operating lease and financial lease Finance lease will require a liability entry in the books which could affect things as such ability to borrow, borrowing cap, interest rates on borrowing etc. Hence, people try all sorts of funny things to make the contract seem like operating lease on paper, so that they can record as expenses Eg. If both of us do the same business on the same scale, everything in revenue, assets etc. are comparable I record all my leased equipment under operating lease, my liability is very little because I do funny things to mask it as operating lease But the same equipment is recorded honestly by you under finance lease as it should be, your liability goes up You then face difficulties in borrowing, but I have no problems Hence the new standard All leases are now classified as ROUs, an asset with a lease liability entry No more operating or finance lease, no more sales and leaseback Makes businesses transparent and comparable, no more hiding of leases into expenses in creative ways ROU is just the rights of use of asset It is not something tangible that can be sold The lease liabilities is just to show the commitment, not necessarily something that has to be paid You can terminate the lease early if you don' t want to rent the equipment/office/vehicle etc anymore, and both the ROU asset and ROU lease liability will be removed from your books In a way, people may view ROU liability as a kind of committed fixed monthly cash outflow (if they know how and do those calculations correctly) This may sometimes help to give a better picture of the company' s cashflow when compared with other financial information such as revenue, debtor turnover etc.
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Potato
Master |
15-Aug-2022 11:03
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Good morning~~ Looks like gonna be stcuk in this price rage for a while. COme, come.... some chart expert out there please show us some lights leh
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recon12recce
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14-Aug-2022 20:42
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When you lease for 15 years, there is a commitment to pay and you get to use the asset. Last time sale and lease back, people try to go around with this loophole on whether to classify it as an operating lease or finance lease. With this sfrs introduced somewhere in 2019 if i remembered correctly, it clears all off balance sheet financing issue. You have to take up in balance sheet and yearly pass it to profit or loss as expense rather than hiding it as a commitment. As the term right of use asset, it suggest that you only have the right to use it. Not really your asset but in one way, it has to be accounted for as it is your asset..
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