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141-160 of 4157
Buy again, 2 more times, total 973,800 units.
At 11.1 - 11.2c.
No wonder no more chance to buy below 11c.
Another 2 purchases, total 731,200 units, by DYH.
Buy, buy, buy.......4 more times.....DYH.
Total 1,302,200 units.
Bringing his holding to 18.745%
Yet again, DYH made 4 purchases totalling 1,523,300 units.
Getting near to 19% ownership.
btw, never looked back means never bought again
PhillipTan ( Date: 24-Nov-2022 14:14) Posted:
Good for you, having sold at 17c
But what are you doing here now? Looking back?
Wasn' t expecting to see your comment here if you are not looking back... Lol...
cowabunga ( Date: 24-Nov-2022 13:30) Posted:
| I sold all at 17cts some years back and never looked back. |
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Happened to see this stock being commented on recently and often so just popped in for a while to say hello. Think it will drop back after xd
PhillipTan ( Date: 24-Nov-2022 14:14) Posted:
Good for you, having sold at 17c
But what are you doing here now? Looking back?
Wasn' t expecting to see your comment here if you are not looking back... Lol...
cowabunga ( Date: 24-Nov-2022 13:30) Posted:
| I sold all at 17cts some years back and never looked back. |
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Haha, I bought more, 618k units, when price was 10c & below.
This batch will give me above 11% yield.
Good for you, having sold at 17c
But what are you doing here now? Looking back?
Wasn' t expecting to see your comment here if you are not looking back... Lol...
cowabunga ( Date: 24-Nov-2022 13:30) Posted:
| I sold all at 17cts some years back and never looked back. |
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Won' t happen in near term due to covid zero policy
Don' t think they will allow their soldiers to move out of China, so attack will be next to impossible
Farmer ( Date: 23-Nov-2022 22:40) Posted:
This one maybe a good yield play (~10%) for now with somehow stable earning and reduce gearing.
But need to consider what if the cross straits poor relationship deteriorate further into a conflict/war?
Joelton ( Date: 23-Nov-2022 10:28) Posted:
PhillipCapital maintains ' buy' call for APTT as dividend yield remains ' attractive'
PhillipCapital analyst Paul Chew has maintained his &ldquo buy&rdquo call for Asian Pay Television Trust (APTT) with a lower target price (TP) of 13 cents from 15 cents previously.
In his report dated Nov 21, Chew says APTT&rsquo s earnings for the 3QFY2022 ended Sept 30 were below expectations due to the 5% weakness in the Taiwan dollar, with year-to-date (ytd) revenue and ebitda forming 73% and 71% of his FY2022 estimates.
For 3QFY2022, distribution was maintained at 0.25 cents per unit. The analyst raised his FY2023 distribution by 5% to 1.05 cents, paid half yearly. &ldquo Broadband enjoyed healthy 11% revenue growth, but weakness in basic cable dragged group revenue to fall 6% year-on-year,&rdquo says Chew.
He has lowered his ebitda by 6% due to cutting his Taiwan dollar (TWD) forecast, while his new TP of 13 cents is based on 8.5x FY2023 enterprise value (EV) to ebitda ratio (EV/ebitda), at a 20% discount to Taiwanese peers.
The current attractive dividend yield of 9.6%, or a $19 million payout, is supported by free cash flows of around $73 million per annum, says Chew.
Chew says he expects &ldquo modest growth&rdquo in ebitda for FY2023. &ldquo Cable subscribers have declined 14,000 over the past 12 months, but this was more than offset by a 33,000 jump in broadband subscribers,&rdquo he says.
See also: RHB lowers TP and estimates on ESR-LOGOS REIT despite portfolio rejuvenation
Positively, Chew points out that broadband subscriptions have continued to grow strongly led by higher subscriber growth and improvement in average revenue per user (ARPU), which has risen 4% year-on-year (y-o-y) to TWD379 ($16.72) with more subscribers opting for higher speed.
&ldquo We estimate each cable subscriber contributes around $15 of revenue (excluding content
cost) compared with $14 for cable. Margins from broadband can offset the structural decline in cable TV,&rdquo he adds.
Chew believes the challenge that APTT faces is to lower content costs in line with falling cable TV revenue. As a percentage of revenue, content cost for 3QFY2022 hit a record 30.4% of cable TV revenue, excluding non-subscription revenue.
See also: PhillipCapital starts Sats at ' accumulate' with TP of $3.02
&ldquo As for the impact of rising interest rates, until 2025, if we assume a 2% point rise in interest rates, the impact is around $3 million to free cash flows,&rdquo he notes.
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I sold all at 17cts some years back and never looked back.
This one maybe a good yield play (~10%) for now with somehow stable earning and reduce gearing.
But need to consider what if the cross straits poor relationship deteriorate further into a conflict/war?
Joelton ( Date: 23-Nov-2022 10:28) Posted:
PhillipCapital maintains ' buy' call for APTT as dividend yield remains ' attractive'
PhillipCapital analyst Paul Chew has maintained his &ldquo buy&rdquo call for Asian Pay Television Trust (APTT) with a lower target price (TP) of 13 cents from 15 cents previously.
In his report dated Nov 21, Chew says APTT&rsquo s earnings for the 3QFY2022 ended Sept 30 were below expectations due to the 5% weakness in the Taiwan dollar, with year-to-date (ytd) revenue and ebitda forming 73% and 71% of his FY2022 estimates.
For 3QFY2022, distribution was maintained at 0.25 cents per unit. The analyst raised his FY2023 distribution by 5% to 1.05 cents, paid half yearly. &ldquo Broadband enjoyed healthy 11% revenue growth, but weakness in basic cable dragged group revenue to fall 6% year-on-year,&rdquo says Chew.
He has lowered his ebitda by 6% due to cutting his Taiwan dollar (TWD) forecast, while his new TP of 13 cents is based on 8.5x FY2023 enterprise value (EV) to ebitda ratio (EV/ebitda), at a 20% discount to Taiwanese peers.
The current attractive dividend yield of 9.6%, or a $19 million payout, is supported by free cash flows of around $73 million per annum, says Chew.
Chew says he expects &ldquo modest growth&rdquo in ebitda for FY2023. &ldquo Cable subscribers have declined 14,000 over the past 12 months, but this was more than offset by a 33,000 jump in broadband subscribers,&rdquo he says.
See also: RHB lowers TP and estimates on ESR-LOGOS REIT despite portfolio rejuvenation
Positively, Chew points out that broadband subscriptions have continued to grow strongly led by higher subscriber growth and improvement in average revenue per user (ARPU), which has risen 4% year-on-year (y-o-y) to TWD379 ($16.72) with more subscribers opting for higher speed.
&ldquo We estimate each cable subscriber contributes around $15 of revenue (excluding content
cost) compared with $14 for cable. Margins from broadband can offset the structural decline in cable TV,&rdquo he adds.
Chew believes the challenge that APTT faces is to lower content costs in line with falling cable TV revenue. As a percentage of revenue, content cost for 3QFY2022 hit a record 30.4% of cable TV revenue, excluding non-subscription revenue.
See also: PhillipCapital starts Sats at ' accumulate' with TP of $3.02
&ldquo As for the impact of rising interest rates, until 2025, if we assume a 2% point rise in interest rates, the impact is around $3 million to free cash flows,&rdquo he notes.
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PhillipCapital maintains ' buy' call for APTT as dividend yield remains ' attractive'
PhillipCapital analyst Paul Chew has maintained his &ldquo buy&rdquo call for Asian Pay Television Trust (APTT) with a lower target price (TP) of 13 cents from 15 cents previously.
In his report dated Nov 21, Chew says APTT&rsquo s earnings for the 3QFY2022 ended Sept 30 were below expectations due to the 5% weakness in the Taiwan dollar, with year-to-date (ytd) revenue and ebitda forming 73% and 71% of his FY2022 estimates.
For 3QFY2022, distribution was maintained at 0.25 cents per unit. The analyst raised his FY2023 distribution by 5% to 1.05 cents, paid half yearly. &ldquo Broadband enjoyed healthy 11% revenue growth, but weakness in basic cable dragged group revenue to fall 6% year-on-year,&rdquo says Chew.
He has lowered his ebitda by 6% due to cutting his Taiwan dollar (TWD) forecast, while his new TP of 13 cents is based on 8.5x FY2023 enterprise value (EV) to ebitda ratio (EV/ebitda), at a 20% discount to Taiwanese peers.
The current attractive dividend yield of 9.6%, or a $19 million payout, is supported by free cash flows of around $73 million per annum, says Chew.
Chew says he expects &ldquo modest growth&rdquo in ebitda for FY2023. &ldquo Cable subscribers have declined 14,000 over the past 12 months, but this was more than offset by a 33,000 jump in broadband subscribers,&rdquo he says.
See also: RHB lowers TP and estimates on ESR-LOGOS REIT despite portfolio rejuvenation
Positively, Chew points out that broadband subscriptions have continued to grow strongly led by higher subscriber growth and improvement in average revenue per user (ARPU), which has risen 4% year-on-year (y-o-y) to TWD379 ($16.72) with more subscribers opting for higher speed.
&ldquo We estimate each cable subscriber contributes around $15 of revenue (excluding content
cost) compared with $14 for cable. Margins from broadband can offset the structural decline in cable TV,&rdquo he adds.
Chew believes the challenge that APTT faces is to lower content costs in line with falling cable TV revenue. As a percentage of revenue, content cost for 3QFY2022 hit a record 30.4% of cable TV revenue, excluding non-subscription revenue.
See also: PhillipCapital starts Sats at ' accumulate' with TP of $3.02
&ldquo As for the impact of rising interest rates, until 2025, if we assume a 2% point rise in interest rates, the impact is around $3 million to free cash flows,&rdquo he notes.
PhillipCapital maintains ' buy' call for APTT as dividend yield remains ' attractive'
PhillipCapital analyst Paul Chew has maintained his &ldquo buy&rdquo call for Asian Pay Television Trust (APTT) with a lower target price (TP) of 13 cents from 15 cents previously.
In his report dated Nov 21, Chew says APTT&rsquo s earnings for the 3QFY2022 ended Sept 30 were below expectations due to the 5% weakness in the Taiwan dollar, with year-to-date (ytd) revenue and ebitda forming 73% and 71% of his FY2022 estimates.
For 3QFY2022, distribution was maintained at 0.25 cents per unit. The analyst raised his FY2023 distribution by 5% to 1.05 cents, paid half yearly. &ldquo Broadband enjoyed healthy 11% revenue growth, but weakness in basic cable dragged group revenue to fall 6% year-on-year,&rdquo says Chew.
He has lowered his ebitda by 6% due to cutting his Taiwan dollar (TWD) forecast, while his new TP of 13 cents is based on 8.5x FY2023 enterprise value (EV) to ebitda ratio (EV/ebitda), at a 20% discount to Taiwanese peers.
The current attractive dividend yield of 9.6%, or a $19 million payout, is supported by free cash flows of around $73 million per annum, says Chew.
Chew says he expects &ldquo modest growth&rdquo in ebitda for FY2023. &ldquo Cable subscribers have declined 14,000 over the past 12 months, but this was more than offset by a 33,000 jump in broadband subscribers,&rdquo he says.
See also: RHB lowers TP and estimates on ESR-LOGOS REIT despite portfolio rejuvenation
Positively, Chew points out that broadband subscriptions have continued to grow strongly led by higher subscriber growth and improvement in average revenue per user (ARPU), which has risen 4% year-on-year (y-o-y) to TWD379 ($16.72) with more subscribers opting for higher speed.
&ldquo We estimate each cable subscriber contributes around $15 of revenue (excluding content
cost) compared with $14 for cable. Margins from broadband can offset the structural decline in cable TV,&rdquo he adds.
Chew believes the challenge that APTT faces is to lower content costs in line with falling cable TV revenue. As a percentage of revenue, content cost for 3QFY2022 hit a record 30.4% of cable TV revenue, excluding non-subscription revenue.
See also: PhillipCapital starts Sats at ' accumulate' with TP of $3.02
&ldquo As for the impact of rising interest rates, until 2025, if we assume a 2% point rise in interest rates, the impact is around $3 million to free cash flows,&rdquo he notes.
Yet again, DYH made 2 purchases totally 1.2 m units.
Asian Pay Television Trust
On Nov 15, Dai Yung Huei, non-executive director of the trustee-manager of Asian Pay Television Trust (APTT) : S7OU 0%, increased his deemed interest from 18.48 per cent to 18.52 per cent. This saw 844,800 units of APTT acquired by Araedis Investment for a consideration of S$90,994 at S$0.108 per unit. On Nov 14, APTT provided a business update, noting a lower Q3 2022 earnings before interest, taxes, depreciation and amortisation (Ebitda) and Ebitda margin compared to Q3 2021, on higher operating expenses, while the business trust also observed total subscriber base growth and continued momentum in the broadband business.
After business update, DYH started buying again.
2 purchases total 844,800 units at 10.7 to 10.8c
His holding has crossed 18.5% as a result.
Mixed results.
Some good. Some bad.
Notable:
1. On going reduction of debts using free cash flow.
Debts reduced by about 60 m yearly.
To date, they probably have reduced about 10% of their total debt.
If this continue, in five to seven years, their gearing would be 40% to 50% lesser.
2. DPU to increase by 5% from next year.
But payout will become half yearly.
3. Broadband subscription & revenue still increasing.
4. Overall, revenue still decreased due to poor taking from TV business.
However, they are working to increase revenue from broadband side.
In order to off set the reduce in revenue from TV side.
In conclusion, DPU is sustainable, even with the 5% increase next year. We may likely see further increase in DPU few years down the road.
Hence, yield is very attractive at current price. More upside coming?
Asian Pay TV Trust posts Q3 DPU of 0.25 Singapore cent profit after income tax almost triples
MAINBOARD-LISTED Asian Pay Television Trust : S7OU +0.94% (APTT) has declared a distribution per unit (DPU) of 0.25 Singapore cent for the third quarter ended Sep 30, unchanged from the DPU declared in the corresponding year-ago period.
The company has also reaffirmed a distribution guidance of 0.25 Singapore cent per unit for the fourth quarter of 2022, the trustee-manager said in a bourse filing on Monday (Nov 14).
The Q3 distribution of 0.25 Singapore cent will be paid out on Dec 23, after books closure on Dec 16, 5pm.
It added that the distribution in 2023 will increase by 5 per cent, with guidance at 1.05 cents per unit for 2023. Distribution in 2023 will be paid in half yearly instalments of 0.525 cent per unit, subject to no material changes in planning assumptions, it said.
Profit after income tax for the quarter rose to S$13.5 million, almost tripling from S$4.6 million the year before.
Revenue dropped 5.7 per cent to S$71.2 million, down from S$75.5 million in the previous year. This was due to a drop in revenue for its segments of premium digital cable television and premium digital cable television, which fell by 9.8 and 9 per cent to record S$51.9 million and S$2.9 million in revenue respectively for the quarter.
On the other hand, its broadband segment rose 11.1 per cent to record a revenue of S$16.4 million for the quarter. The trustee-manager attributed this growth to cable TV operator Taiwan Broadband Communications Group&rsquo s broadband strategy, which targets the broadband-only segment, partner with mobile operators, and offer higher speed plans at competitive prices.
Asian Pay Television Trust
Between Oct 26 and 27, Dai Yung Huei, non-executive director of the trustee-manager of Asian Pay Television Trust : S7OU +3.03% (APTT), increased his deemed interest from 18.44 per cent to 18.48 per cent.
This saw 562,700 units of APTT acquired by Araedis Investment for a consideration of S$54,019 at 9.6 cents per unit.
His preceding acquisitions were between Oct 12 and 17, with 3,226,700 units of APTT acquired at 9.5 cents per unit, and back in January, with 3.6 million units acquired at 13.85 cents per unit.
Dai has gradually increased his deemed interest in APTT from 16.72 per cent prior to his appointment as non-executive director of the trustee-manager of APTT on Aug 13, 2021.
APTT is scheduled to announce key financial information and business updates for Q3 2022 and the first nine months of 2022, after the Nov 14 market close.
APTT has an investment mandate to acquire controlling interests in and to own, operate and maintain mature, cash generative pay-TV and broadband businesses in Taiwan, Hong Kong, Japan, and Singapore.
Another 2 purchases by DYH.
Slowly marching towards 19% holding.
From initial 12% (if I' m not wrong), that is quite a big increase.
